**Charity no: 304315**
**THAMESFIELD YOUTH ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022**
|**Contents**
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements|**Page**|
|---|---|
||1-3
4
5
6
7-11|
**THE THAMESFIELD YOUTH ASSOCIATION DISCLOSURE DETAILS FOR THE YEAR ENDED 31ST MARCH 2022**
**Charity no: 304315**
## **TRUSTEES DURING THE PERIOD:**
Mrs. G. DODDS
Mrs E. HODGKIN Mr. C. WILKINSON
## **TREASURER & SENIOR OFFICER:**
Mr. J. PENNINGTON ACA
## **PRINCIPAL OFFICE OF CHARITY:**
20 Nicholas Road Henley on Thames Oxfordshire RG9 1RB
correspondence address:
as above
## **BANK:**
Lloyds TSB Henley on Thames Oxfordshire
## **INDEPENDENT EXAMINER:**
Jonathan Lawrence-Archer Bruton Charles Chartered Accountants Greys Green Business Centre Rotherfield Greys Greys Green Henley-on-Thames RG9 4QG
## **INVESTMENT BROKER:**
Redmayne Bentley Stock Brokers 43 Market Place Henley-on-Thames RG9 2AA
## **INVESTMENT POWERS:**
The Charity's investments powers are in accordance with its statutory obligations.
Page 1
## **THE THAMESFIELD YOUTH ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022**
The Trustees are pleased to present their report together with the financial statements of The Thamesfield Youth Association (Charity number: 304315) for the year ended 31st March 2022.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Foundation’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
The Thamesfield Youth Association is a separate registered charity.
## **Objectives of the Charity**
**The objects of the Charity are to educate and assist people through their leisure time activities so as to develop their physical, mental and spiritual capacities that they may grow into full members of society and that their conditions of life may be improved and in furtherance of those objects to provide in or near the town of Henley-on-Thames a centre for meetings, lectures, classes and other forms of leisure time occupation with an emphasis on the development of young people and to do such other things as shall at all times be charitable in law.**
## **Organisation**
The Charity is governed by a Deed of Trust dated 1943. The Trustees of the Charity meet twice a year, and attend the Management Committee of its subsidiary Henley Youth Centre which meets quarterly. The Trustees continue to exercise a duty of oversight through their ex officio membership as Custodian Trustees of their former branch, now the Eyot Centre, Charity no 1093261, which also meets quarterly. At these meetings the Trustees review policies and budgets in order to minimise the risk to both Henley Youth Centre and Eyot.
Thamesfield is the Head Lessee of the land occupied under a lease from them to the Eyot Centre. That land is owned by Oxfordshire County Council. The Trustees of the Charity also own the freehold of the land occupied under a lease from them to the Henley Sea Cadets. These organisations are detailed below in the related parties section of the Trustees report.
On 1st October 2005 Nomad, became a separate registered Charity (charity number 1110274). On this date Thamesfield gifted assets with a value of £15,326 held on behalf of the Nomad branch to the new charity. The details of this organisation are set out in the related parties section of this report.
## **Public benefit statement**
_**The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the commission in exercising their powers or duties.**_
The Trustees believe the Charity benefits the public by the granting of grants to other youth charities that provide support and services to young people in Henley-on-Thames.
## **Charity reporting and accounting**
## Grant making policy
The charity is currently developing its application process for granting funds to support youth work undertaken in Henley. The Trustees will review any application that fulfils the charity's objectives, outlined above. Applications will be judged on their own merit and evaluated against the funds the charity has available to distribute in the period. As a guideline the charity intends to annually donate the equivalent of it's yield from investments in the year. Grants made in year are detailed in the notes to the accounts.
## Investment performance
The charity continues to hold some investments in independently managed funds. These funds were accumulation units. The charity's main funds following the sale of the Youth Centre are held with an Investment Broker, with the intention to produce a reasonable rate of return (as defined by the markets at the time - currently deemed to be net 4-6%) and protect the capital invested.
The Trustees are aware that the market value for these investments will fluctate and might even be lower than cost. To mitigate this risk the Trustees are taking a mid to long term approach to investing with a time horizon of 5 to 10 years. They are also following the advice of their Investment Broker and maintaining some funds as cash to allow greater flexibility.
Page 2
## **Trustee selection and training**
Trustees are selected by invitation of existing Trustees. The present Trustees have been serving for at least five years each. They are familiar with the working of the related parties (HYC, Eyot, Nomad and Henley Sea Cadets). They are satisfied that the Trustees, officers and management committee members of the related parties are selected for the skills that they can offer. The management committee and members are not employees.
## **Trustees' remuneration and expenses**
No Trustee received remuneration or was reimbursed for expenses incurred.
## **Risk management**
_**Risk management reviews are undertaken by the management teams when they meet and also at the meetings of the TYA Trustees. Management meetings are held as detailed above..**_
## **Volunteer help**
Volunteer help has not been given value in the accounts as the value is not easily quantifiable and measurable. The Trustees are extremely grateful for the help given to the Charity and would like to thank all the volunteers for their efforts.
## **Related Parties**
## 1) The Eyot Centre
The Eyot Centre is separate registered charity, (charity number 1093261), which was previously a branch of the Thamesfield Youth Association. The TYA released the funds raised by the club prior to it becoming a separate charity (£104,233) in the year ended 31st March 2007 . These were previously treated as restricted funds held specifically for the purpose of building a new boating centre for the youth of Henley. As at the 31st March 2022 the TYA held no monies (2021: £nil) on behalf of the Centre from The Mountain Trust.
The Thamesfield Youth Association own the leasehold of the land on which the centre is located. No rent was was charged to the Eyot Centre for the period ended the 31st March 2022. Part of the site is owned freehold by TYA and is rented to the Henley Sea Scouts for a peppercorn rent of £2 per annum. The leasehold land is leased from OCC.
During the year ended 31st March 2019, TYA made a loan of £67,200 to the Eyot Centre. The terms of the loan were:
1) The loan will be from Thamesfield Youth Association (TYA) to The Eyot Centre for a period of 14 years.
2)The interest on the diminishing loan will be 2% payable annually on October 1st upon submission of an invoice from TYA. 3) Repayments of the capital will be due on October 1st annually in the sum of £4,800 by standing order.
4) If at any time the loan payment cannot be made The Eyot Centre are to notify Thamesfield Youth Association in good time.
In the event of the dissolution of the Centre, any assets thereof, after the satisfaction of any proper debts and liabilities shall be donated to the Thamesfield Youth Association. On the 25th June 2020 the Trustees wrote off the loan to the Eyot Centre in effect granting the money due of £62,400 to the Eyot Centre.
It also made other grants to the Eyot Centre of £24,000 in (2021: £30,438).
The Trustees of TYA are Custodian Trustees of the Eyot Centre.
## 2) Nomad
On 1st October 2006 Nomad, became a separate registered Charity (charity number 1110274). On this date Thamesfield gifted assets with a value of £15,326 held on behalf of the Nomad branch to the new charity.
## **Public Liability Insurance**
Page 3
_**The Trustees are indemnified by the public liability policy. Details of the premiums paid during the year are shown below.**_
_**Public Liability Insurance £246**_
## **Reserves policy**
_**The TYA's reserves policy was changed after the sale of the Youth Centre. The policy is that TYA (incorporating HYC as they are now effectively one and the same) should adhere to the Charity Commissioner guidelines and preserve the capital whilst also generating this income that will be spent on helping provide youth work within the Henley area.**_
## **Review of Activities and Future Developments**
## 1) Henley Youth Centre
The Centre was sold on the 31st July 2015. The net proceeds after sales costs were £1,679,624. The Trustees invested these funds with Redmayne Bentley, a Henley based stock broker. The intention is to spend the yield on youth projects that provide support and encouragement for young people in Henley. They will do this by making grants to other local charities or projects run in Henley for the benefit of the town. The Trustees feel that this will allow the charity to be a net contributor to the community rather than a competing for funds from the community.
In the year the Trustees made grants of: £79350 (2021: £151708)
## _Going concern basis_
The Trustees feel that the going concern basis to still be appropriate despite the Centre being sold in July 2015. They continue to believe this is the best way to fulfil its mandate and provide support and encouragement for young people in Henley, by being a net contributor to the community rather than a competing for funds from the community.
The Trustees selected Henley based, Redmayne Bentley as their investment brokers.
The HYC and TYA accounts are now merged together.
**Trustees responsibilities in relation to the Financial Statements.**
The Trustees are required to prepare financial statements which give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the year. In doing so the Trustees are required to:
* select suitable accounting policies and then apply them consistently;
* make judgements and estimates that are reasonable and prudent; and
* prepare the financial statements on the going concern basis unless it is inappropriate that the Centre will continue to operate.
* observe the methods and principles in the Charities SORP; and
* state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Centre. The Trustees are also responsible for the prevention and detection of fraud and other irregularities.
## **Independent Examiner**
The Trustees have appointed Bruton Charles, Chartered Accountants with Jonathan Lawrence-Archer from Bruton Charles to act as Independent Examiner.
## **Signed on behalf of the Trustees:**
## **Clive Wilkinson**
**Trustee**
**Date: 10 January 2023**
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THAMESFIELD YOUTH ASSOCIATION**
I report to the trustees on my examination of the accounts of the Thamesfield Youth Association (the Trust) for the year ended 31[st] March 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
(1)accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
(2)the accounts do not accord with those records; or
(3)the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the _Charities (Accounts and Reports) Regulations_ 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
(4) the accounts have not been prepared in accordance with the methods and principles of the Statement ofRecommended Practice for accounting and reporting bycharities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
J C R Lawrence-Archer ICAEW
Bruton Charles – Chartered Accountants
The Coach House, Greys Green Business Centre Henley-on-Thames Oxfordshire, RG9 4QG
Date: 10 January 2023
**THE THAMESFIELD YOUTH ASSOCIATION BALANCE SHEET AS AT 31ST MARCH 2022**
Page 5
|**INVESTMENTS**
**FIXED ASSETS**
**CURRENT ASSETS**
Debtors
Cash at bank and in hand
**Total current assets**
**CURRENT LIABILITIES**
**TOTAL NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**REPRESENTED BY:**
**INCOME & EXPENDITURE RESERVE**
**REVALUATION RESERVE**|**Notes**
**14**
**15**
**16**
**17**
**18**|**Unrestricted**|
|---|---|---|
**These Financial Statements on pages 5 to 11 were approved by the Trustees and signed on their behalf by:**
**Clive Wilkinson Trustee Date: 10 January 2023**
**THAMESFIELD YOUTH ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2022**
Page 6
|**INCOMING RESOURCES**
Voluntary income
Incoming Resources from operating activies
in furtherance of the charity's activities
Incoming Resources from other activies
for generating funds
Investment income
**Total Incoming Resources**
**RESOURCES EXPENDED**
Charitable Expenditure:
Costs of activities in furtherance of the Charity's
objectives
Governance costs
Costs of Management and Administration of
Charity
**Total Resources Expended**
**NET INCOMING RESOURCES BEFORE**
**TRANSFERS**
**TRANSFER BETWEEN FUNDS**
**NET INCOMING RESOURCES BEFORE**
**DISCONTINUATION OF BRANCH ACTIVITY**
**DISCONTINUATION OF BRANCH ACTIVITY**
**NET MOVEMENT IN FUNDS**
**TOTAL FUNDS AS AT 1ST APRIL 2021**
**GAINS AND LOSSES ON REVALUATIONS OF**
**INVESTMENT ASSETS**
**TOTAL FUNDS AS AT 31ST MARCH 2022**|**Notes**
**2**
**3**
**4**
**5**
**6**
**7**
**8**
**12**
**13**
**18**|**HYC/TYA**
**Total**
120
120
0
0
2
2
44,799
44,799
**44,921**
**44,921**
79,350
79,350
1,020
1,020
13,198
13,198
**93,568**
**93,568**
**(48,647)**
**(48,647)**
0
0
**(48,647)**
**(48,647)**
**0**
**0**
**(48,647)**
**(48,647)**
**1,735,191**
**1,735,191**
**52,497**
**52,497**
**1,739,041**
**1,739,041**
**TOTAL UNRESTRICTED &**
**TOTAL FUNDS**|**TOTAL FUNDS**
**YEAR ENDED**
**31ST MARCH**
**2021**
120
0
2
94,109
**94,231**
151,708
1,020
13,239
**165,967**
**(71,736)**
0
**(71,736)**
**0**
**(71,736)**
**1,616,119**
**190,808**
**1,735,191**|
|---|---|---|---|
**THAMESFIELD YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022**
Page 7
## **1) Accounting Policies**
The accounts have been prepared under the historical cost convention.
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 in October 2019 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.
There has been no change to accounting policies since last year.
No changes have been made to accounts for previous years.
## **Incoming resources**
**Recognition of incoming resources** are included in the Statement of Financial Activities (SOFA) when: i) the charity becomes entitled to the resources (accruals basis)
ii) the trustees are virtually certain they will receive the resources; and iii) the monetary value can be measured with sufficient reliably.
**Incoming resources with related expenditure** are reported gross in the SOFA (related income and expenditure are shown separately as income and costs).
**Grants and donations** are only included in the SOFA when the charity has unconditional entitlement to the resources.
**Tax reclaims on donations and gifts** are included in the SOFA at the same time as the gift to which they relate.
**Income and performance related grants** are only included in the SOFA once the related goods or services have been delivered.
**Gifts in kind** are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
**Donated services and facilities** are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.
**Volunteer help** received is not attributed a value or included in the accounts, but is described in the Trustees' annual report.
**Investment income** is included in the accounts when received.
**Investment gains and losses** include any gain or loss on the sale of an investment or the revaluing of an investment to market value at the end of the year. **Expenditure & liabilities**
**Liability recognition** occurs in the accounts as soon as there is a legal or constructive obligation committing the charity to pay out reserves.
**Governance costs** include the costs of the preparation and examination of statutory accounts, Trustees' meetings and the cost of any legal advice to Trustees on governance or constitutional matters.
**Grants with performance conditions** are only recognised in the SOFA once the recipient of the grant has provided the specified service or output that was outlined when the grant was awarded by the charity to them.
**Grants payable without performance conditions** are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.
**Support costs** include central functions and have been allocated to the activity cost categories on a basis consistent with the use of the resources.
## **Assets**
**Tangible fixed assets for use by the charity** include two buildings. These buildings are the Henley Youth Centre and the Eyot Boat Centre, neither of these buildings have been recognised in the accounts.
i) The Henley Youth Centre building has not been recognised in these accounts as the building was given to TYA by Oxfordshire County Council (OCC) in exchange for the Thamesfield Building in 1963. The value was recognised in the accounts when the building was sold in July 2015.
**Investments** are valued at market value .
Page 8
## **THAMESFIELD YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022**
|**2 **
**3 **
**4 **
**5 **|**Voluntary income**
Other Donations
**Incoming Resources from operating activies**
**in furtherance of the Charity's activities**
Sundry receipts
**Incoming Resources from other activies**
**for generating funds**
Lettings
Sea Scouts rent
Car park receipts
**Investment income**
Dividend income
Gain/(Loss) on Disposal of Investments
Interest
**Total Incoming Resources**|**HYC/TYA**
**Total**
120
120
120
120
0
0
0
0
0
0
2
2
0
0
2
2
49,574
49,574
(4,776)
(4,776)
0
0
44,799
44,799
**44,921**
**44,921**
**TOTAL**
**UNRESTRICTED &**
**TOTAL FUNDS**|**TOTAL FUNDS**
**2021**
120
120
0
0
0
2
0
2
49,452
44,656
0
94,109
**94,231**|
|---|---|---|---|
**THAMESFIELD YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022**
Page 9
|**6 **|**HYC/TYA**
**Total**
**Costs of activities in furtherance of the Charity's objectives**
Donations
79,350
79,350
Construction of Skatepark
0
0
Surveys
0
0
79,350
79,350
**TOTAL**
**UNRESTRICTED &**
**TOTAL FUNDS**|**TOTAL FUNDS**
**2021**
151,708
0
0
151,708|
|---|---|---|
||
Donations
Construction of Skatepark
Surveys||
## Donations/Grants made
The charity is currently developing its application process for granting funds to support youth work undertaken in Henley. The grants made in the year were considered by the Trustees, based on their merits and included:
|**Donations**
Eyot Centre
Rebecca Clarke
NOMAD
Chiltern Centre
Henley Music School
Henley Sea Cadets
Henley Youth Festival
Stoke Row School
Riverside Counselling
Badgemore School
Henley Partnership of Schools
**Governance costs**
Independent Examination Fee|**HYC/TYA**
**Total**
24,000
24,000
(1,000)
(1,000)
33,500
33,500
5,000
5,000
0
0
0
0
2,500
2,500
0
0
6,000
6,000
6,000
6,000
3,350
3,350
79,350
79,350
1,020
1,020|**2021**
92,838
0
42,120
0
5,000
3,000
0
1,000
0
7,750
0
151,708|
|---|---|---|
||||
|||1,020|
## **7 Governance costs**
There were no governance costs for TYA or HYC incurred in the period. Trustees' meetings are held either at the HYC or the house of the TYA Chairman. The HYC and TYA accounts were prepared by the Treasurer for no fee. The Examination was undertaken for a fee of £1,250.
## **8 Costs of Management and Administration of Charity**
|Printing, Postage & Stationery
Legal fees
Storage
Insurance
Broker's fees
Staff - Admin
Staff - Training
Depreciation
Disposals
Bank fees
Sundry
**Total Resources Expended**|0
0
20
20
234
234
246
246
12,698
12,698
0
0
0
0
0
0
0
0
0
0
0
0
13,198
13,198
**93,568**
**93,568**|0
0
507
246
12,446
0
0
0
0
0
40
13,239|
|---|---|---|
||||
|||**165,967**|
## **9 Trustees' remuneration and expenses**
No Trustee received remunertaion or was reimbursed for expenses incurred.
## **10 Independent Examiner**
The Independent Examiner received a fee of £1,020 (2021: £1,020).
## **11 Paid staff**
The Charity has no paid employees.
**THAMESFIELD YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022**
Page 10
|**12 **|**Transfer between funds in the year**|**HYC/TYA**
**Total**
**0**
**0**
**TOTAL UNRESTRICTED &**
**TOTAL FUNDS**|**TOTAL FUNDS**
**2021**
**0**|
|---|---|---|---|
There were no transfers in the year.
## **13 Discontinuation of Branch Activity**
On 1st October 2005 Nomad, became a separate registered Charity (charity number 1110274). On this date Thamesfield gifted assets with a value of £15,326 held on behalf of the Nomad branch to the new charity. The details of this organisation are set out in the related parties section of this report.
## **14 Investments**
The investments made by TYA have been valued at market value.
|Market Value at 1st April 2021
Disposals - cost
Disposals - Market Value
Additions
Revaluation (loss)/gain on invested Centre Proceeds
Revaluation (loss)/gain
Market value at 31st March 2022
Cost|**HYC/TYA**
**Total**
1,613,478
1,613,478
(243,784)
(243,784)
(67,648)
(67,648)
306,855
306,855
120,145
120,145
0
0
1,729,046
1,729,046
1,675,175
1,610,797
1,610,797|**2021**
1,406,124
(301,096)
140,069
317,642
50,739
0
1,613,478
1,547,726|
|---|---|---|
The Centre proceeds have been invested with independent brokers Redmayne Bentley based in Henley on Thames.
|**15 **
**16 **
**17 **|**Debtors**
Eyot Loan
Prepayments
As at 31st March 2022
**Cash at Bank and in Hand**
As at 31st March 2022
**Creditors falling due within one year**
PAYE & NI
Deferred Income & accruals
Staff costs accruals|**HYC**
**Total**
0
0
0
0
0
0
**HYC**
**Total**
12,035
12,035
**HYC**
**Total**
0
0
2,040
2,040
0
0
2,040
2,040|**2021**
0
0
0|
|---|---|---|---|
|||||
||||**2021**
122,733|
|||||
||||**2021**
0
1,020
0
1,020|
Page 11
## **THAMESFIELD YOUTH ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022**
|**18 **
**i)**
**ii)**|**Reserves**
INCOME & EXPENDITURE
TOTAL FUNDS AS AT 1ST APRIL 2021
SURPLUS/(DEFICIT) IN YEAR
TRANSFER BETWEEN FUNDS
DISCONTINUATION OF BRANCH ACTIVITIES
TOTAL FUNDS AS AT 31ST MARCH 2022
REVALUATION RESERVE
TOTAL FUNDS AS AT 1ST APRIL 2021
GAINS AND LOSSES ON REVALUATIONS AND
DISPOSALS OF INVESTMENT ASSETS
TOTAL FUNDS AS AT 31ST MARCH 2022|**HYC/TYA**
**Total**
1,644,348
1,644,348
(48,647)
(48,647)
0
0
0
0
1,595,701
1,595,701
90,843
90,843
52,497
52,497
143,340
143,340
**TOTAL UNRESTRICTED &**
**TOTAL FUNDS**|**TOTAL FUNDS**
**2021**
1,716,084
(71,736)
0
0
1,644,348
(99,965)
190,808
90,843|
|---|---|---|---|
|**Classificaton of Net Assets**
Investments
Fixed Assets
Current Assets
Current Liabilities
**Total Net Assets**|**HYC/TYA**
**Total**
1,729,046
1,729,046
0
0
12,035
12,035
(2,040)
(2,040)
**1,739,041**
**1,739,041**
**TOTAL UNRESTRICTED &**
**TOTAL FUNDS**|
|---|---|
## **iii) Classificaton of Net Assets**
## **19 Related Parties**
## **(i) The Eyot Centre**
The Eyot Centre is separate registered charity, (charity number 1093261), which was previously a branch of the Thamesfield Youth Association. The TYA released the funds raised by the club prior to it becoming a separate charity (£104,233) in the year ended 31st March 2007 . These were previously treated as restricted funds held specifically for the purpose of building a new boating centre for the youth of Henley. As at the 31st March 2022 the TYA held no monies (2021: £nil) on behalf of the Centre from The Mountain Trust.
The Thamesfield Youth Association own the leasehold of the land on which the centre is located. No rent was was charged to the Eyot Centre for the period ended the 31st March 2022. Part of the site is owned freehold by TYA and is rented to the Henley Sea Scouts for a peppercorn rent of £2 per annum. The leasehold land is leased from OCC.
During the year ended 31st March 2019, TYA made a loan of £67,200 to the Eyot Centre. The terms of the loan were:
1) The loan will be from Thamesfield Youth Association (TYA) to The Eyot Centre for a period of 14 years. 2)The interest on the diminishing loan will be 2% payable annually on October 1st upon submission of an invoice from TYA.
3) Repayments of the capital will be due on October 1st annually in the sum of £4,800 by standing order.
4) If at any time the loan payment cannot be made The Eyot Centre are to notify Thamesfield Youth Association in good time.
In the event of the dissolution of the Centre, any assets thereof, after the satisfaction of any proper debts and liabilities shall be donated to the Thamesfield Youth Association. On the 25th June 2020 the Trustees wrote off the loan to the Eyot Centre in effect granting the money due of £62,400 to the Eyot Centre.
It also made other grants to the Eyot Centre of £24,000 (2021: £30,438).
The Trustees of TYA are Custodian Trustees of the Eyot Centre.
## **(ii) Nomad**
On 1st October 2005 Nomad, became a separate registered Charity (charity number 1110274). On this date Thamesfield gifted assets with a value of £15,326 held on behalf of the Nomad branch to the new charity.
## **20 Received Gifts in Kind**
The TYA and its branches have received numerous gifts in kind from the community the value of which is impossible to quantify.
|**21 **|**Public Liability Insurance**
**2022**
TYA/Henley Youth Centre
246|**2021**
246|
|---|---|---|