REGISTERED CHARTfY NUMBER: 51VJ878 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BRIDLINGTON CLUB FOR YOUNG PEOPLE Lloyd Dowson Limitcd Medina House 2 Station Avenue Bridlington East Yorkshire Y016 4LZ
BRIDLINGTON CLUB FOR YOUNG PEOPLE CONTENTS OF THE FINANCIAL STATEMENTS FOR TEE YEAR ENDED 31 MARCII 2024 Page Report of the Trnstees I to 3 Independenl Examiner'5 Report Statement of Finyducial ActItReS Balanee Sheet Cash Flow Statement Notes to the Cash Flow Statement Note5 to the FinaDela] Staten)ents 10 to 23
BRIDLINGTON CLUB FOR YOi]NG PEOPLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The tlvstees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by ChaTities.' Statement of Re¢onmiended Practice applicable to charities preparing th¢iT accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (etY¢ctive l January 2019). OWECTIVES AND A[VITIEs Publie benefit Bridlington Club for Young People is a registered charity, Nn by local people to serve the local community. Over thc years the club has always focussed on providing sports opporlunities to young people and the wider community - helping them to believe in themselves and realise their full potential. The club pr¢mises are SIated in an officially recognised dewived ward in Ihe town. It PTovides recreational sporting and social oppornlnities for young people in Bridlington and the surrounding area, under an open policy. W¢ use our sports hall and outdoor faciliti to Provide a unique rang¢ of activities including sports such as boxing, football and basketball. We are the pernianejlt base for a number of charitable OTganisations: Bridlington Rover4 Bridlington Amateur Boxing Club, Bridlington Rangers, Bridlington Netball, Bridlington Dance Academy, Bridlington Bay Archers and Burlington Ja¢kdaws. The club aims to meet its objects by providing facilities and running activiti in the ar¢8s of sport and fitness. The club acknowl¢dge4 wiih 8ratitud< the time 2nd effort contributed by volunteers in all areas of its activities. ACHIEVEMEIYT AND PERFORcE compiling tbis report the ttustees have given due regard to public benefit guidance issued by ihe Charity Commission. The charity bas a sports hall Mryth a boxing gym, netball COUTt4 weighls and cardio gym, bar and cafe are4 5-a-side football pitch as well as outdoor football pitches on both grass and 3G. The 2023-24 calendar year has seen the club continue to grow in all areas, including sports activity, events and the hospitality side of things. We have reached out to a wider audience with the ¢lub now supporting and working with a nurnb of new community groups including Parkinsons Dementia, Diabetes and Veterans groups. This has seen the lub expand to working with more and mor¢ older adults. Th¢ club aims to help and educate the community through their leisure time activities, to dev¢lop their physical and mental capabilities, so Ihat they may grow to fi]11 rnaturity as individuals and sound rnembers of the society, so their condition of life may be improv. The club aims to promote, for tbe benefit of the community of Bridlinglon and surrounding arci without dIInctIon of politics, religion, race and cultural background in liaison with national, regional and local bodies, volunlary organisatlons and the local community. fa¢tlities for social and recreational leisure so that the lives of the users may be improved. The club's successful funding bid with the Youth Investment Fund has seen a new extension being built to house a new youth club omd also expand the Club's hospitslity offering. The new bar and function room has had an immediate effect on the club's fman¢ial income streams and will benefit the club and wpport further investment into the site ti]rough self generatcd revenue. Th¢ club has also be¢orne more sustainable with solar panels included on the build. Ivhilst th¢ donl bring in any "feed in. revenue, they will help negate the rising energy ¢o#s. The Club's membership scheme which offers gym use, football session4 court sports, boxing sl0n$ and fitness classes for a monthly membership continues to grow and has been supported by a £30,000 post year end investment from the Peter Hanis Foundation for new gym equipment, making this more desirable to members. The price for the membership has remain¢d the same in the interest of keeping health and fitness affordable for all. Page I
BRIDLINGTON CLUB FOR YOUNG PEOPLE REPORT OF TllE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW The Statement of Financial Activity shows a deficit for the year of £7,763 (2023 - £35.179). The charity's reserves tota] £556211 (2023 £563,974). The financial statemenls show the assets and liabilities attributable to tbe various funds by type and include unrestiicted funds of £58,174 (2023 - £89,055). During the year, the club sold its fonner Thorpe Street Slte for £195,000. A £5,(KKI retainer was agreed in case of issues with the roof noted in the buyer's survey. After three months and discussions with the buyer, il was agreed by OUT trustees that we would waiver the retsiner due to the ongoing issues with the Toof. After the rdainer and selling fees, the club received £183,311 for the propety. FUTURE PLANS The club continues to build and offw a home to as many sports clubs as possible. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeun)ent The chwity is eontrolled by its governing document, a deed of trust and constitutGs an unin¢orporated charity. Recruitment and appointmellt of new trnstses Under the requir¢ments of the charity's Memoiandum and Articles all trnsttts will remain a tst¢¢ until resignation or death or until a General Meeting shall decm it proper to removc them. The club seeks to ensure that the trustees have the necessary knowledge and experience to ensure that the operations of the charity are adequately address¢d. Induction and training of neiv trustees Most trustees are already familiar with the practical work of the charity however, new Irustees are invited to attend short tours and training sessions to farniliarlse themselves with the workings of the charity and context within which it operates. Th¢se are held with other trustees of the charity and cover: - Obligations of the trustees. - The main purpose of the charity and work undertaken. - Resourcing and Current fllthncial position of the charity. - Future plans and obje¢tiv¢s. The Bridlington Club for Young People is an Unincooratcd club governed by its constitution. It is a registered Charity, run by local people to serve th¢ local community. Trustees are recruited, appointed, inducted and trained in order to be able to provide the best support they can to the club. Under its constitution, the administration of the ¢lllb is controlled and directed by the members. Operations Manager Our Operations Manager Mr A Potts is rwonsible for the day to day operation of the charity and manages the staff of the charity on behalf of th¢ tNsLees. He heads up our staff team who deliver the various activities and the facilities at the l¢isure centre. Risk management The charity continues to monitor external risk and has regular trnstecs meetings to minimise risk to the ¢haTity's activities and fiDan¢es. The chatity's Current unrestricted funds are more than sufficient lo Cover the overheads for the next 12 months without the need for further income or grants. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charity Dumber 509878 Page 2
BRIDLINGTOP4 CLUB FOR YOUNG PEOPLE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Principal gddre8S Bridlington Sports Centre Gypsey Road Bridlington East Yorkshire Y016 4AY Trnstees D R Hoggard N C Sunley A J Potts {reSi¢d 5.9.23) Z A Stabler B R Lawry {appointed 22.1.24) Independent Extsmiller Lloyd Dowson Limited Medina House 2 Station Avenu¢ Bridlington East Yorkshire Y016 4LZ Bankers Virgin Money 24 Huntriss Row Scarborough YOI 12EG 3.1.,..i......l.Ql3...... AppToveAI by order of the board of trustees on ...... . . and signed on its behalf by- B R Lawry - Trustee Page 3
INDEPENDENT EXAhllNER'S REPORT TO THE TRUSTEES OF BRIDLINGTON CLUB FOR YOUNG PEOPLE Independent examiner's report to tbe trustees of Brldllngton Club for Young People I report to the charity trustees on rny examinatton of the accounts of Bridlington Club for Young People (the TNst) for the year ended 31 March 2024. R¢sponsibilities and basis of report As the charity trustee5 of the Trust you are responsible for the preparation of the accounts in accordance with the rc4uirements of tbe Charities Act 2011 (Mhe Act,). I re in respect of my ¢xamination of the Trust's accounts cwried out under Section 145 of the Act and in carrying out my examination I have followed all applicablc Directions given by the chlty Comrnission under SectiOD 145(5)(b) of the Act. Independent examth¢r's $tatement Since your charity's gross income exceeded £250,000 your exarniner must be a member of a listed body. I can confirni thai I am qualified to undertak¢ the examinalion because I am a member of the Institute of Chartered A¢countsnts in England and Wales, which is one of the listed bodies. I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination giving me Cause to believe that in any materi81 respe¢t: accounting records were noi kept in Tespect of the Tntst as required by Section 130 of the Act" OT the accounts do not ac¢oTd with those Tecords, or the account8 do not comply with the applicable requirem¢nts concerning the forni and content of accounts sct out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair Iryew which is not a matt¢r considered as part of an indcpendenl examination. I have no conccrns and have comc acTOSS no other matters in conntiOn with the examination to which attention should be drawn in this report in order to enable a PTopeT understanding of the accounts to be reached. Tracy eredith-Baker The Instite of Chartered Accounlants in Enwand and Wales Lloyd Dowson Limited Medina House 2 Station Avenue Bridlington E&st Yorkshire Y016 411 Date: ......... 02£ Page 4
BRIDLINGTON CLUB FOR YOUNG PEOPLE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.323 Total funds Unrestricted fund Restiicted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 121,159 121,159 67,656 Chxrfitable activities Costs of activiti¢s for generaling fimds 243J71 243,271 199,775 Other trading activities tnvestmenl income Other income 217.183 860 217,183 860 143275 11,724 Total 461 121159 582 473 EXPENDITURE ON Raising funds 479,184 111,052 590336 473,1)42 NET INCOMEI(EXPEI¥4DITURE) Transfers between funds {17,870) 13 011) 10,107 (7,763) (35,179) 19 Net movement In fvnds (30,881) 23,118 (7,763) (35.179) RECONCILIATION OF FUNDS Totsl funds brought forward 89,055 474,919 563,974 599,153 TOTAL FUNDS CARRIED FORWARD 498 037 S56 211 563 974 The noies forn] part of these financia] statements Page 5
BIUDLINGTON CLUB FOR YOUNG PEOPLE BALANCE SHEET 31 MARCH 2024 31J24 Total fvnds 31.3.23 Total funds Unrestrleted fund Restricted funds Notes FIXED ASSETS Tangible assets 54210 1,046,52 1,100,730 700,388 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 12 13 3,621 3,621 12,973 14,653 198 177 624 98 4,510 1,697 57,506 26,275 I9097 216,872 63,713 CREDITORS Amounts falling due within one year 14 (22Jll) (21371) (43J82) (62,053) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 58,174 lJ15,846 127{020 702,048 CREDITORS Amounts falling due after more than one year 15 (717,809) (717W) (138,074) NET ASSETS 498 556 58 174 37 11 563 974 The notes forn] part of these financial statements Page 6 Continued...
BRIDLINGTON CLUB FOR YOUNG PEOPLE BALANCE SHEET- continued 31 MARCH 2024 19 Unrestrictd funds Restricted fi)nds 58.174 498 037 89,055 474919 TOTAL FUNDS 556 563 974 Tb financial stalements were approved by the Board of Trustecs and auth0ri5ed for issu¢ on S.o.,.A. l.Q.AS....... and w¢re sigmed on its behalf by: D R Hoggard- Trnstee Z A StableT- Trustee N C Sunley - Trustee B R Law- Trustee The noles forn] part of these finan¢ial statements Page 7
BRIDLINGTON CLUB FOR YOUTrIG PEOPLE CASH FLOW STATEMENT FOR TllE TrTAR ENDED 31 MARCH 2024 31J24 31.3.23 Notes Cash flows from operating aetivitles Cash generaled from operntions 18 089) 19 598) Net cash used in operating activities Cash flows from Investing artivities Purchase of iangible fixeJ ass¢ts Sale of tangible fixed asscts Capital grants Interest received (628J96) 190,000 608.738 160 4,521 142 Net cash provided by investing activities 170 Casb flows from fin*nefing Activities Hire purchase r¢payments in year 2.788 cash used in financing activities Change in cash and cash equivalent5 in the reporting period Cash and evdsh equivalents at the beginning of tbe r¢porting period 148564 (17,723) Cash and cash equlvAlents at the end of the reportADg perlod 198 598 The notes forn) part of these financial statements Page 8
BRIDLINGTON CLUB FOR YOUNG PEOPLE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET EXPENDTTURE TO NET CASH Ftnw FROM OPERATING ACTIVITIES 31J24 31.3.23 Net expenditure for the r¢porting period (as per the Statement of Financial Activities) Adjustments for: Depreciation chaTges Loss on disposal of fixed assets tnterest received Decrease in stocks (Increaseydecrease in debtors Decre&se in creditors (7.763) {35,179) 33,OSS 4,999 (160) 889 (12,956) 19,487 (142) 2,470 4,481 Net cash used In operatio ANALYSIS OF CASH AND CASH EQUJVALENTS 31J.24 31.323 Cash in hand Notice d¢posits (Icss than 3 months) Overdrafis included in bank loans and overdrafts falling duc within one ye4r 18,776 179,822 5,421 52.085 Total cash and cash equivalents 198 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net eAsh Cash at bank and in hand Bank overdraft 57,506 141,092 198598 Debt Finance leas¢s 42 Total 152 413 The notes form part of these financial statements Page 9
BIUDLINGTON CLUB FOR YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR TUE YEAR ENDED 31 MARCH 2024 ACCOiTNTING POLICIES Basls of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared on Ihe a¢¢nlS basis in accordance with the Chariti¢s SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to ¢haTities prepartng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (efft1ve l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and R¢public of Ireland, and the Clwities Act 2011. The fllwicial statements have been prepared Under the historical cost convention. Going concerD The financia] statements bave been prq)ared on the goiDg concern basis of accounting, which assumes that the charity AS able to continue operating as a going eoncern. Income All income is te¢ognised in the Ststement of Financial Activities once the charity has entitlcm¢nl to the funds, it isprobable thai the income will be receiv&1 and tbe amount Can be measured reliably. Donations and grants are included when rceeiv2ble once all necessary conditions have been satisfjed and in accordance with the donorfs wishes. Grants relating to capital expenditure ar¢ accounted for under the FRS102 perforniancc Model and relea1 to the Statement of Financial Activities in lin¢ with the depreciation of the underlying as5Ct. Income from fundraising is recognised in the period in which the event tak place. Subscriptions are recognised in the period to which they relate. Hall hire and bar income is recognised in the period to which il relates. Investment income is accounted for on an accNais basis when receivable. Ii is stated inclusive of irrecoverable income tax deducted at sourc Expendltsre Liabilities are re¢(Trgnis&l as expenditure as soon as there is a legal or constNctive obligation committing the charity to that expendilure, it is probable that a transfer of economic b¢nefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an aceruals basis and has been classified under headings that awegate all costs related to the category. Where ci)sts camiot be directly tributed to particular heading4 they have bcen allocated to activities on a basis consistent with the use of resouices. Government grants Grants relating to revenue are recognised in the profit and loss on a systematic basis over the periods in which the entity recognise5 the related costs for which the grt is intended to compensate. Grants that are reccived in respect of expen or losses already incurred by the entity are recognised in the profit and lo&s in the period when the grant becomes receivable. TAngible fixed assets Depreciation is provided at the following annu31 rates in order to write off each asset over its eimaled useful lifc or, if held under a financc Ic&se. over the lease terni. whichever is the shorter. Freehold property Improvements to property Plant and machinery Fixtures and fittings Motor vehicles Computer equipment 20/0 on cost 20/0 on cost 15 % on reducing balance 250/0 on reducing balance 25 /0 on reducing balance 33 /0 on reducing balance Page 10 continued...
BRIDLINGTON CLUB FOR YOt]NG PEOPLE NOTES TO THE FINAIYCIAL STATEMENTS - eonliuued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Stocks Stocks are valued at the lower of ¢ost and realisable valu< after making due allowance for obsolete and slow moving itcms. Taxatlon The charity is exempt from tax on its charitable activities. Fund aecountlllg Unrestricted fimds can be used in accordance with the chaTitable objectives at the discretion of the trustees. Restricted funds can only be used for particular r¢stricted puylses within the objects of the cbarity. Restiictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and puryose of each hnd is included in the noies to Ihe fmancial statements. Hire purchase aDd leAsfing ¢ommitD7ents Assets obtsined under hire purchase contracts or finance leaw ar¢ capitalised in the Balance Sbeet. Those held under hire purchase conira¢ts ar¢ depTeciatal over their estimated useful lives. Those held under finance leasc5 are deprcciateil over their estimated us¢ful lives or the Icase terni, whi¢heveT is shorter. The interest elemcnl of these obligations is charged to the Statement of Financial Aclivities over the relevant period. Th¢ capitsl element of the future payments is treated &8 a liability. P¢Dsion eosts and other po$t-retirement benefits The charity operates a defined contribution pension scherne. Contribulions payable to the charity's pension scheme are charged to th¢ Statemenl of Financial Activities in the period to which they relate. Capitsl grants Grants relating to capital expenditure are recognised in ihe Statemenl of Financial Activities in line with the depreciation of the underlying assd which they funded. DONATIONS AND LEGACIES 31J.24 31.3.23 121159 Grants received, included in the above, are as follows: 31.3.24 31.3.23 Crime R¢duction Fund- Fencing Council car park Retyrn to Play Clulthen in Need Football Foundation Education and Skills ESC Lottery CIN Main Borrow the Box Cornmuted Sums Garfield Weston Foundation YIF- Capital project YIF- Revenue 358 1,120 996 1,020 12,996 358 1,120 996 1,201 15.154 3,000 9.120 197 26,697 19,130 12,973 30,OINI 12,175 14 121159 Pagell continued...
BRIDLINCTON CLUB FOR YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2024 OTHER TRADINC ACTIVITIES 31J.2A 31.3.23 Bar food sale5 Bar drink sales 45.515 38.796 104479 143 275 31.324 31.3.23 Rents received Solar pancl income Deposit account int¢rest 700 9,400 2,182 142 160 860 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Activity Costs of activities ft)r gencrdting fjjnds Costs of activities for genernting funds Subscriptions Sports hall takings Other fijndraising income and events 73,757 98,257 57,525 75,648 Costs of activities for generating funds 243 271 RAISING FUNDS Raising donation$ and legaeles 31324 31,3.23 Support costs 361356 Other tradiDg artlvitie5 31.324 31.3.23 Purch&qes Boxing show expenses Referee fees Bar ent¢rtainm¢nt and security Party expenses 129,055 6,767 4031 13,170 92,104 6,017 4,338 164 111686 Aggregate amounts 590 Page 12 continued...
BIUDLINGTON CLUB FOR YOUNG PEOPLE 1¥40TES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Management Financ¢ Tolals Raising donations and legacies 418 670 425 998 TRUSTEESI REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses Ther¢ were no tSte£s, expenses paid for the year ended 31 March 2024 nor for the yeaT ended 31 March 2023. STAFF COSTS 3JJa4 31.3.23 Wages and salaries Other pension o)sts 188,167 152,131 153 204 The averag¢ monthly number of employees during the year was as follows: 31.324 21 31.3.23 17 Support staff No employces received emoluments in excess of £60,000. Page 13 continued...
BIUDLINGTON CLUB FOR YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMEF4TS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 io. COMPARATIVES FOR THE STATEMEKf OF FINANCIAL AcfiviTIES Unr£stricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Ds)nations and legacies 67,656 67,656 Cbarltable activities Costs of activilies for generating funds 199,775 199,775 Other trading activities Investment income Other income 143,275 11,724 143,275 11,724 Totsl 370 207 437 863 EXPENDITURE ON Raising ndS 404,152 68,890 473,042 NET INCOMEI(EXPENDITURE) (33,945) (1.234) (35,179) RECONCILIATION OF FUNDS Total funds brought forward 122,999 476,154 599,153 TOTAL FUNDS CARRIED FORWARD 89.054 474 920 563 974 11. TANGIBLE FIXED ASSETS Improvements to property Freehold property Plant and machinery COST At l April 2023 Additions Disposals 327,687 508,249 608,738 82,055 19,417 At 31 March 2024 1116 987 101472 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 132,688 50,922 22J40 39J48 9J17 132 688 At 31 March 2024 73 NET BOOK VALUE At 31 March 2024 1043 725 Al 31 March 2023 457 194 999 a27 Page 14 coniinued...
BRIDLINGTON CLUB FOR YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 31 MARCU 2024 ii. TANGIBLE FIXED ASSETS - continued Fixtures Motor vehicles Computer equipment fittings Totals COST At l April 2023 Additions Disposa]s 12,127 ioJio lo66 241 951,184 628J96 327 687) At 31 March 2024 io 12 127 00 DEPRECIATIOI¥4 Al l April 2023 Charge for year Eliminated on disposal 8,477 912 9,1199 350 10,262 136 250,796 33,055 At 31 March 2024 io PIET BOOK VALUE At 31 March 2024 409 1100 730 At 31 March 2023 3.650 304 700 388 Fixed assets, included in the above, which are held under hire pUhase contracts are as follows: Plant and machinery COST At l April 2023 Transfer to ownership 12,799 24 At 31 March 2024 DEPRECIATIOI¥4 At l April 2023 Charge for year Transfer to ownership 5,507 634 At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 Mar¢h 2023 7292 Page 15 continued...
BRIDLINGTON CLUB FOR YOUNG PEOPLE NOTES TO THE Fll¥ANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2024 12. STOCKS 31J.24 31.323 Stocks 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3a4 31.3.23 Trade debtors Prepaymcnts and a¢cNeAI incom¢ 14,223 430 1,320 377 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.324 31.3.23 Bank loans and overdTafts (see note 16) Hire purchase (see note 17) Trade creditors VAT Accruals and deferred gfdnts 7,472 3,849 7,218 3,979 1,493 8,726 3,170 43 15. CREDITORS: AMOUNTS FALLING DUE AER MORE TIIAN ONE YEAR 31J24 31.3.23 Hire pur¢h&8e (see note 17) Accrua]s and def¢rred grants 1,493 136 581 717 809 16. LOANS An analysis of the maturity of loans is given below: 31.324 31.3.23 Amounts falling due within one Y on demand: Bank overdrafts The figure above for th¢ prior y¢ar rq)resents an overdrawn bank balanc¢ in the UnTestricted fund. The ¢haTity'S bank balanc¢ as a wholc r¢main¢d in CTedit. Page 16 continued...
BIUDLIIWIGTON CLUB FOR YOUNG PEOPLE NOTES TO TBE FINANCIAL STATEMENTS - CODtinued FOR TllE YEAR ENDED 31 MARCH 2024 17. LEASING AGREEMENTS Minimum lease payments fall du¢ as follows.. IIlre purchase eODtracts 31J.24 31.3.23 Net obligations repayable: Within one year Between one and five years 1,493 3,849 Non-cydncellable operating lease5 31J.24 31.323 tn more than five years 118 119 18. SECURED DEBTS The following secur¢d debts are included within creditOTS: 31J.24 31.3.23 Hire purchase contra¢ts 19. MOVEMENT IN FUNDS Net moveTDcnt in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted fund8 General fund 89.055 (17,870) (13,011) 5&l74 Restricted thnds Building fund ERYC Capitsl Repairs Grant Lottery Awards for All Award for all 2018 Roof Project Crime Reduction Fund Sport England Children in Need Football Foundation BoTrow the Box ChÉldren in Need Main CommuteA Sums Garfield Weston Foundation 132A99 2542119 282 201 67,500 341 1,044 2,500 743 10,709 4.791 132599 248,432 240 (S777) (42) (31)) (IAOO) 66,000 341 887 2AOO 5J34 4,034 4,791 21.405 li (157) 4,591 (6,675) 8J94 13,011 474 919 TOTAL FUNDS 556 Page 17 continued...
BRIDLINCTON CLUB FOR YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS - eonllnued FOR THE YEAR EIYDED 31 MARCH 2024 19. MOVEMENT IN FUNDS- continued Net movement in nd4 included in the above are as follows: Incoming resources Resources expended Movem¢nt in funds Unrestricted fvnds General fimd 461J14 (479,184) (17070) Restri¢ted fund5 ERYC Capital Repairs Grant tA)ttery Awards for All Award for all 2018 Roof Project Sport England Cowicil Car Park Funding Crime Reduction Fund- Fencing Returned to Play Children in Need Football Foundation Borrow Ibe Box Children in Need Main ESC Inttery Comrnuted Sums Garficld Weston Foundation YIF - Capitsl project YIF - Revenuc (5,777) (42) (30) (1,500) (157) (1,120) (358) (5,777) (42) (30) (100) (157) 1,120 358 996 1,020 12.996 (1,020) (&405) (6,676) (26,197) (9,120) (479) (18,696) (12.175) 14 04 4J91 (6,675) 26,197 9,120 12.973 29,999 12,175 8J94 IIJ03 121 159 111052 TOTAL FUNDS 590 Pag¢ 18 continued...
BIUDLINGTON CLUB FOR YOUNG PEOPLE NOTES TO THE FtNANCIAL STATEMENTS - conlfinued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FiJNDS - continued cOmpatIVeS for movement in fuDds Net movemenl in funds At 31.3.23 At 1.4.22 Unrestricted thnds General fund 122,999 (33,944) 89,055 Restricted funds Building fUd ERYC Capital Repairs Grant Lottery Awards for All Award for a]12018 Roof Projecl Crime R¢duction Fund TNL Community Fund Sport England PAG 2020 Children in Nced FootbalE Foundalion Borrow the Box Children in N¢¢d Main 132,599 259,986 332 236 69,000 341 4.813 6,847 2,000 132,599 254,209 282 201 67,500 341 (5,777) (50) (35} (I,soo) (4,813) (5,803) (2,(X)O) 2,500 743 10,709 2.500 743 10,709 476 154 474 919 TOTAL FUNDS 599 153 563 974 Page 19 ontinued...
BRIDLINGTON CLUB FOR YOUNG PEOPLE NOTES TO THE FU4ANCIAL STATEMENTS - eontlnued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS- ¢onthiued Comparative net moverncnt in fund4 included in the abov¢ as follows: Incoming resources Resources expended Movement in funds Unrestri¢ted funds General thnd 370,207 (404.151) (33.944) Restrirted funds ERYC Capital Repairs Grant ttery Awards for AII Award for all 2018 Roof Project TNL Community Fund Sport England Council Car Park Funding Crime Reduction Fund - Fencing PAG 2020 Returned to Play Children in Need Football Foundation Borrow the Box Children in Need Main Educaion and Skills (5,7771 (50) (35) (1,500) (4,813) (5,803) (1,120) (358) (2,000) {996) 1,299 (14,411) (8,421) (21,906) (5.777) (50) (35) (1,500) (4,813) (5,803) 1.120 358 (2,000) 996 1,201 15,154 19,130 26,697 2,500 743 10,709 4,791 TOTAL FUNDS 437 863 473 042 Page 20 continued...
BIUDLINGTO]Y CLUB FOR YOUNC PEOPLE NOTES TO TllE FDYANCIAL STATEMENTS - conthiued FOR THE YEAR ENDED 31 MARCH 2024 19. MOVEMENT IN FUNDS - continued A Cuent year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31.3.24 At 1.4.22 Unrestricted funds General fimd 122,999 (51,814) (13,011) 58,174 Re5trict¢d funds Builditig fund ERYC Capital RepaiTS Grant ttery Awards for All Award for all 2018 Roof Project Crime Reduction Fund TNL Community Fund Sport England PAG 2020 Children in Nexd Football Foundation Borrow the Box Children in Need Main Commuted Sums Garfield Weston Foundation 132,599 259,986 332 236 69,0 341 4,813 6,847 2.cilo 132,599 248,432 240 171 66,0 341 (11,554) (92) (65) (3,000) {4,813) (5,960) (2,000) 2,500 5,334 4.034 4,791 8,394 887 2,500 5,334 4,034 4,791 21,405 13,011 476 154 498 037 TOTAL FUNDS 599 153 556 Page21 continued...
BIUDLINGTON CLUB FOR YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS - contfinued FOR TIIE YEAR EPIDED 31 LIRC 2024 19. MOVEMEI¥T IN FUNDS - continued A current year 12 montbs and prior year 12 months combined net movement in fund4 included in the above are follows: Incoming resources Resources expend Movement in funds Unre5triet¢d funds General fund 831,521 (883,335) (51,814) R¢8tricted funds ERYC Capital Repairs Grant Lottery Awards for All Award for all 2018 Roof Project TNL Community Fund Sport England Council Car Park Funding Crime Reduction Fund- Fencing PAG 2020 Returned to Play Children in Ne¢d Footba]l Foundation Borrow the Box Children in Need Main Education and Skills ESC Lott¢ry Commuted Sums Garfield Weston Foundation YIF- Capitsl project YIF . Revenue (11,554) (92) (65) (3,000) (4.813) (5,960) (2.240) (716) (2,(M)O) (1,992) 279 {22,816} (15,097) (48,103) (3,000) (9.120) (4.579) (18,696) (12,175) (11.554) (92) (65) (3,000) (4,813) (5.960) 2,240 716 (2.000) 1,992 2,221 28,150 19,131 52,894 3,000 9,120 12,973 29,999 12,175 2,500 5,334 4,034 4,791 8,394 11,303 188815 TOTAL FUNDS 1020 336 20. CAPITAL COMMITMENTS 31J24 31.3.23 Contracted bul not provided ftir in the financial statements The capita] Commitment relates to the extension of the leisure centre. These costs ar¢ fully covered by the grant from the Youth Investment Fund. Page 22 continued...
BIUDLINGTON CLUB FOR YOUNG PEOPLE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 21. RELATED PARTY DISCLOSURES Ther¢ were no related party transactions for thc y¢ar ¢nd¢d 31 March 2024. Page 23