Charity registratlon number 519095 (England and Wales Company registratlon number 2141328 CENTRAL YOUTH CLUB LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CENTRAL YOUTH CLUB LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees T Timotheou A HamiGk Charlty number (England and Wales) 519095 Company number 2141328 Reglstered office dlker Street Low Hill Liverpool L6 1EJ Independent examlner DSG Castle Chambers 43 Castle Street Llverpool L2 9TL
CENTRAL YOUTH CLUB LIMITED CONTENTS Page Trustees, report Independent examinerfs POrt Slatement of financial activities Balance sheet Notes to the financial statements 8-12
CENTRAL YOUTH CLUB LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Tnjstees present their annual r8PDrt and financial statemenls the Year ended 31 March 2024. The accounts have been prepad in accordan with the accounting poliaes set out in note 1 to ttE accounts and comply with the Charity's governing document, the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practtce applicable to charits'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (as amended for aCCnting periods commencing from 1 January 2016) Objectives and actlvlties The Charity's objects are.. - to provide for and nurture the personal development of young people of the City of Liverpool irrespective of race, colour. sex. ability or social background. - to equip them to participate fully in their community and to take their place in a changing soaety by developing participative and decision making skills- and to create opportunities and programmes so that they experience. understand and value the views, ideas and life styles of other young people in the city and also nationally and intemationally. The Trustees have paid due regard to guidance issued by the Charity Commission in dldIng what actlvrtles the Charity should undertake on public benefit. Achlevements and performance Throughout the year, th8 Club has continued to provide Its members with facilities required to further their intelledual, physical, cultural and social education. The enthusiasm of the Club's staff ensure a diverse range of activities was off8r8d, which induded sporting, recreational, artistic, musical and technology based experiences. Flnanclal revlew It is the policy of the Charity that unrestricted fijnds which have not been designated for a specific use should be maintained at a level equivalent to betsveen three and six month's expenditure. The Trustees consider that reserves at this level wll ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's ent activities while consideration is given to ways in vthich additional funds may be raised. This level of reserves has not been maintained throughout the year and the position is currently being addressed. The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Structurei governance and management The Charity was incorporated on 18th June 1987 and is a company limited by guarantee and therdore. has no share capital. The Trustees, vtho are also the directors for the purpose of company law, and who served during the Year and up to the date of signature of the financial statements were: T Timotheou A Harnick Vthen new or additional Trustees are required. then nominations are invited and subject to their compliance ryth the Memorandum and Articles of Association, they are considered by the goveming bidy of Trustees for election. None of th8 Trust88s has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contrfbute £1 Sn the event of a viindiro up.
CENTRAL YOUTH CLUB LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, repo proved by the Board of Trustees. T Timotheou Trustao ioZ*.
CENTRAL YOUTH CLUB LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CENTRAL YOUTH CLUB LIMITED I rewrt to the Trustees on my examination of the financial statements of CENTRAL YOUTH CLUB LIMITED {the Charity) for the Year ended 31 March 2024. Responslblllties and basls of report As the Trustees of the Charity {and also its directors for the purposes of company law), you are resnSIble for the preparation of the financial statements in aCC(xdare with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the Charity are nol requirwj to be audi1 under Part 16 of the Companies Act 2006 and are eligible for tndependent examination, I report in respect of my examination of the Chafity's financial statements Gqrried out under sedion 145 of the Charities Act 20.11. In carying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b} of the Charities Act 2011. Independent examin•rfs statement I have completed my examination. I confim that no matters have ¢cKne to my attention in connection with the examlnatlon glvlng me cause to believe that in any material respect: a¢Unting records were not kept tn respect of the Charity as requlred by section 386 of the Companies Act 2006. the financial statements do not accord with those records; or the financial statements do not comply with the accountlng requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view. whith is nd a matter considered as part of an independent examination-, or the financial statements have not been prepared in accordance with the methods and princaples of the Statement of Recommended practi for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come acros5 no other matters in connection viith the examination to which attention should be dra%vn in this report in order to enable a proper understandtng of the finanaal statements to be reached. DSG Castle Chambers 43 Castle Street Liverpool L2 9TL
CENTRAL YOUTH CLUB LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrfcted RestrIed funds funds 2024 2024 Total Unrestrlcted Re8trlcted funds funds 2023 2023 Total 2024 2023 Notes Income from: Voluntary Income Activities f¢x Generating Funds 15,370 38,512 53,882 42.524 38,621 81.145 11,280 11,280 9,991 9,991 Total Income 28.850 38,512 65.162 52.515 38,621 91.136 Expendlture on: Charttable activib'es 52,427 31,706 84,133 66,652 33,237 99.889 Total expendlture 52,427 31,706 84,133 66,652 33,237 99.889 Net Incom•l{expenditure) (25,77n 6,8C (18,971) {14,137) 5,384 (8,753) Transfers beiween funds (1,478) 1,478 (11,474) 11.474 Net movement in funds (27.255) 8.284 (18,971) (25,611) 16,858 (8,753) Reconelllatlon of funds: Fund balances at 1 Aprfl 2023 (29.894) 63,734 33,840 (4,283) 46,876 42.593 Fund balances at 31 March 2024 (57,149) 72,018 14,869 (29,894) 63,734 33,840 The statement of financial adlvities includes all gains and losses recognised in th8 Year. All ir£ome and expenditure derive from continuing activities.
CENTRAL YOUTH CLUB LIMITED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets 25.979 29,012 Current assets Cash at bank and in hand 1.827 13,378 Credltors: amounts falllng due wlthln one year (7,687) (1 ,200) Net current (liabilities)lassets (5.860) 12.178 Total assets less current liabllStles 20,119 41,190 Credltors: amounts falllng due after more than one year (5.250) (7,350) Net assets 14.869 33,840 Income funds Restrlcted funds Unrestricted funds 10 72,018 (57,149) 63,734 (29.894) 14,869 33,840 For the Year ended 31 March 2024 the company was entitled to exemption from the audii under SlI0n 477 of ttr Companies Act 2006 relating to srnall companies. The Directors acknowledge their responsibility for complying 1th the requlrements of the Companies Act 2008 Vlith respect to accounting records and for the preparation of accounts. The members have not required the company to obtain an audlt of its financial statements for the Year in question in accordance wlth seclion 476 of the Companies Act 2006. These accounts have been prepared In accordance with provisions applicable to companies subjeci to the small companies regime. 14- 11-Za The financial statements were approved by the Trustees on .................... . . T Tirnotheou Trustee Company Registratlon No. 2141328
CENTRAL YOUTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Charlty Infomiatlon CENTRAL YOUTH CLUB LIMrrED is a private company limited by guarantee incorporated in England and dles. The registered office is Walker Street, Low Hill. Liverpool. L6 1 EJ. 1.1 Accountlng conventlon The financial statements are prepared in sterling. which is the functional currency of the Charity. Monetary amourrts in these financjal statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. [modified to include the revaluation of freehold properties and to include investment properties arKI certain financial instruments at fair valuej. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial ststements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the TTUStees continue to adopt the going concem basis of accounting in preparing the financial ststements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the Trustees in furtheran of IF1r charitable objectives. Restrlcted funds are subject to speciflc conditions by donors or grantors as to how they may be used. The purposes arxl uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific corKlitions by donors that the capital must be maintained by the Charity. 1.4 Incomlng resources Income is recognised Wh the Charity is legally entiued to it after any performants condltions hwoe been met. the amounts can be measured reliabty. arKI it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations reiVed under GrftAid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otheNiise rf the Charity has been notrfied of an impending distribution. the amount is knobvn, and receipt is expected. If the amount is not kno1. the legacy is Ireated as a contingent asset. 1.5 Resources expended Liabilities are recognised on the accruals basis in accordance with normal accounting principles. modified where nece&8ary In accordance with the guidan given in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales. Expenditure is accounted for on an accruals basis. Resources expended include attributable VAT, which cannot be recovered.
CENTRAL YOUTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountlng poll¢i•s Icontlnuod) 1.6 Tanglble fixed assets Tanglble fixed assets are initially measured at cost and subsequenlly measured at cost or valuation, net of deprecialion and any irnpairn18nt108S8S. Depreclatlon is recognised so as to write off the Cost or valuation of assets less Iheir residual valu8s over their useful lives on the following ba888: Land and bulldlngs Fixtures. fittings & equipment 10°/o120%125% 25% The gain or loss arising on the disposal of an assel is deterrnined as the differenr2 beknveen the sale proceeds and the carrying value of the asset, and is recognised in the stalement of financial activities. 1.7 Impalmnt of flxed assets At each reporting end date. Charty reviews the carrying amounts of its tangible assets to determine thether there is any indication that those assets have SUffd an Impalrment loss. If any such indration exists, the recoverable amount of the assel is estimated in order to detennine the extent of the impaimient loss (if any). 1.8 Cash and cash equlvalents Cash and cash equivalents indude cash in hand. deposits held at call with banks, other short-tem Ilquld inveslments with original maturities of three months or less. and bank ¢)verdrafts. Bank overdrafts are shown within borrowings in current liabilities. Basie financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured a transaction Pri including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at th8 present value of the future receipts discounted at a market rate of interest. Finanaal assets dasslfied as recelvable within one year are not amortised. Baslc flnanclal Ilabllftles Basic ffinancial liabilities. induding creditors and bank loans are initially recognised at transadion price unless the arrangement constitutes a ffinancing transaction, vthere the debt Instrument is measured at the present value of the fuiure payments discounted at a market rate of interest. Financial liabilities dassified as payable within one year are not amortised. Debt inslruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the Ordin course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non<urrent liabilities. Trade creditors are recognised initially at trdnsaction price and subsequently measured at amortlsed cost using the effective interest method. Derncognltlon of financial Jiabilities Financial liabilitses are dereeognised Nthen the Charty's contractual obligatsons expire or are distharged or cancelled.
CENTRAL YOUTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Voluntary Income Unrestrlcted Rostrlcted funds funds Total Total 2024 2024 2024 2023 Donations and gifts Grants Membership fees 639 13.070 1.661 639 51,582 1,661 1,166 78.699 1.280 38,512 15,370 38,512 53,882 81,145 Forthe Year endad 31 March 2023 42,524 38,621 81.145 Incomo from activiti88 for generating funds Unrestrlcted Unrestrlcted funds funds 2024 2023 Club hire FoottAII pitch hire 10,722 558 9,388 603 Activities for Generating Funds 11,280 9,991
CENTRAL YOUTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charftable activities 2024 2023 Depreciation and impairment Club Activities Rates and IAktsr Heat and Light Payroll Costs Wages Telephone and Internet Insurance- Building, Motor and Employers Liabilty Postage, Prirrting and Stationery Repairs, Renewals and Maintenance Security and Fire Cleaning and Caretsking Motor and Travel Sundries Bank interest and charges Website maintenance 3,033 14.342 1.882 6.583 3,288 20,925 2,254 5,433 458 32,714 2,139 5,218 798 12,490 965 31,567 1.876 5.810 264 2,038 429 - I | 9,279 1.050 3.539 473 324 8,323 818 2,327 539 82.933 98,689 Governan costs 1.200 1.200 84.133 99,889 Analysis by fund Unrestricted funds Restricted funds 52.427 31,706 84,133 For the Year ended 31 March 2023 Unrestricted funds Restricted funds 66.652 33.237 99.889 Taxatlon The charity is exempt from tsxation on its actlvltles because all its income is applied for charitable purposes.
CENTRAL YOUTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tanglble fixed assets Land and bulldkngs Fixtur9* fillin & ¢quipm•nt Cost At 1 April 2023 161.383 33,723 195,106 At 31 March 2024 161,383 33,723 195,106 Deprn¢latlon and Impalrmont At 1 Aprll 2023 Depreciation charged in the Year 135,442 2,597 30.652 436 166,094 3,033 At 31 March 2024 138.039 31,088 169,127 Carying amount At 31 March 2024 23,344 2,635 25,979 At 31 March 2023 25,941 3,071 29.012 Loans and overdrafts 2024 2023 Bank overdrafts Bank loans 6,487 5,250 7,350 11.737 7,350 Payable wiihin one year Payable after one year 6.487 5,250 7,350 Creditors: amounts falllng due wlthln on• y•ar 2024 2023 Bank overdrafts Accruals and deferred income 6,487 1,200 1,200 7.687 1,200 Credltors: amounts falllng due after mor• than one year 2024 2023 Bank loans 5,250 7,350 10-
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CENTRAL YOUTH CLUB LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants %thich are not subject to specific conditions by donors and grantors as to how they may be used. These indude designated funds which have been Set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprfl 2023 Incomlng Resources resour expended Transfers At 31 March 2024 General funds (29,894) 26,650 (52,427) (1,478) (57.149) Prevlous year: At 1 April 2022 Incomlng Resources resources expended Transfer¥ At 31 March 2023 General funds (4,283) 52,515 (66,652) {11,474) (29.894) 12 Analysls of net assets between funds Unrestrlcted Restrlcted Funds Funds 2024 2024 Total Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Tangible assets Current assetsl(liabilities) Long term liabilities 10.518 {62.414) {5,250) 15.461 56,557 25,979 (5,860) (5,250) 29.012 12,178 (7.350) (57,146) 72,018 14,869 33,840 13 Related party transactions There were no disclosable related paty tran8actions during the Year (2023- none). 12-