REGISTERED CHARITY NUMBER: 519825 Report of the Trustees and Flnancial Statements for the Year Ended 31st December 2023 for Perdiswell Young Peoples Leisure Club The Richards Sandy Partnership Thomeloe House 25 Barbourne Road Worcester Worcestershire WR11RU
Perdiswell Young Peoples Lèisurn Club Contents of the Financial Statomonts for the Year Ended 31st December 2023 Page Report of the Trustees Independent Examlner's Report Slatsment of Financial Activities 8alan¢e Sheet Noles to the Financial Statements 9 to 17 Detallod Statement ot Flnancial Activities 18 to 19
Perdlswell Young Peoples Lelsure Club Report of the Trustees for thg Ygar End•d 31 st Decembor 2023 The trustees present their rèport with thè financial statements of the charity for the y8ar ended 31st December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to charities preparing their accounts in a¢¢ordan¢e with the Fin8noial Reporting Stsnd8rd applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019>. OBJECTIVES AND ACTIVITIES Charltabl• obJo¢t$ To help and educate young people in the City of Worcester and surrounding districts, especially, but not ex¢lu$ively, through their181sure time activities, so to d&v81op their physical, mental and spiritual capacities that they grow to full maturity as individuals and members of society, and to support other Charttles or Charftable purposes in th& City of W0$ter and Surrounding dS$trlcts. Ensuring our work dellvers our alms Each year our aims, objectives and activities are reviewed, based on the outcome of our work in the previous 12 months, to ensure they slill reflect and further our aims and legal purposes. In our planning, s8tling objectives and delermining our activities the Trustees have paid due regard to the 'General Guidance on Public Benefit, published by th8 Charities Commission. In so doing, the Trustees consider the activities planned and how they further the aims and oblectlves they have set. The success of activities is reviewed each year in the context of benefits they bring to those groups of people we set out to help. How our a¢tlvltles dellver publlc beneflt All our activities are as described in our review of activitles and achlevements. and are undertaken lo further our charitable objectives for tha public benefit. ACHIEVEMENT AND PERFORMANCE Charilable activities Overliew The cost of living cri81$ oontinued to impact on the Club, with members of the lo1 community facing increased food and energy costs. However, the Club has concentrated its efforts on dellvering its objects by providing further educational and leisu time activities and facilities for young people. We continued lo hav8 exc8118nt working relations with other similar young people's charities that provided funding and made use of our fa¢ililies. Skate Parkjyouth Lodg• The Skale Park continued to b8 popular with children and young people from all areas of Worcester Cty and the surrounding districts, including disabled and disadvantaged youngsters from the low in¢ome families. who benefited from free access to the Skate Park and Youth Lodge. The purpose built concrete Skat8 Park was floodlil during the winter months and was open daily until 9.30pm, weather permitting, offering young people a safer environment where they could practice their sport in the open air. Disadvantaged children and young people were able to enjoy free healthy hot and cold meals and snacks in the Youth Lodge during the February half term, Easter, May half term, Summer, October half term and Christmas school holiday periods. Free crafts. sports and games activities were also provided and proved to be popular wlth local children and young peopla. From January to March the Youth Forum's Youth Detsched Team provided 'Chill Out Zone, sessions in the Youth Lodge on Wednesdays from 6pm to 9pm. Starting in June the YMCA Worcester Youth Group provided free access s8ssions for young people aged 10 to 16 years from 6pm to 7.30pm during term times. Inclusion Youth Clubs The Inclusion Youth Clubs were organlsed speclfically for young people from Worcester City and the surrounding districts with disabilities, learning dlfficulties. beh8vioural problems and complex health needs. The Wednesday night session was allended by young people aged 12 to 18 years and the Sunday night sesslon by 17 to 25 year olds. Young people enjoyed the education81 and recreational activiti8s provlded including a variety of different sports, cooking sessions, arts and craft workshops and table games. Thè arts and crafts tsrgeted different th8mes including Chinese New Year, St Valentine's Day, Easter, King Charles 111 Coronation. Bonfire Night and Christmas. There was also a Halloween paty and a Christrnas paty- In November, the young people supported a lo¢al charitabl8 theatre group by selling programmes in the foyer of the Swan Thealre before the show's performances. The sesslons conlinued to provide opportunities for the young people to have fun, make friends, creata slrong social networks and to channel thelr eneryy inlo positive activities, whilst developlng confidence, social skills and independence. Page 1
Perdiswell Young Peoples Leisure Club Report of the Trust¢e$ for the Year Ended 31st December 2023 FLASH Holiday Inclusion Project We were once again able lo offer a full FLASH programme of activities and trips out for young people with le8ming difficulties. special n88ds and complex health issues this summer. The activities and trips, planned with the input of the yi)ung people, were attencled by young people from Worcester Clty and Ihe surrounding districts aged 12 to 25 years. The six week summer programme was w811 attended and delivered 18 activity sessions that included an inhouse Welcome Paty BBQ, Youth Fun Day, Angle's Animal Antics and an End of Summer Disco. Activities also included a variety of mainstream educational, recreational and sporting epportunlti8s including trips out to the Flip Oul Trampoline Park, Crazy Golf, Laser Quest, Bodenham Arboretum, Countryside Cenlre. Go Ape, Foot Golf, Wild Zoological Park, Ninja Warrior, Ice Skating, Weston Super Mare, Draylon Manor Park and Zoo, Tenpin BON1n9 and a visit to a Fish Restaurant for a fish and chip supper. Fun Squad Play Activities This is the sixth year that we have delivered the free access programmes of play activities for childr8n aged up to 11 years in partnership with WorSter Play Council. The programmes of fr98 craft, play and sport activity sesston$ were held over the February Half Term, Easter, May Half Term, Summer, October Term and Chrislm8s school holiday pericKJs. Venues includèd inhouse al the Club, the Hlve In central Worcester and in m8ny other areas of the city al Claines Parish Hall, Warndon Library, Sl John's Library, Lyppard Hub, tha Green Hub Dinas Gr&en and Wamdon Community Hub, Cripplggale Park, Gheluvell Park and the Commeadow Lane Playlng Fields. Activities included ¢r8fts, storytelling. sports. cake making and pumpkin Carving. A lolal of 735 children attended and benefitted from the free activity sessions during the year. Free play and sports activities were also provided Sn the summer holiday period in partnership with Worcester Play Council, Action for Children, Plafform Housing. Disability Sport Worc8st8rshir8 and Freedom Leisure al various locatlons including. Dent Close, Ennerdale Close, Cranham Drive, KGV Playing Fields, Ashford Road Playground, Bath Road Park, Ronkswood Community Centre and the Green Centre in Dines Green. In addition, tha Fun Squad att8nd8d the Worcester Show at Pitchcroft and attract8d over 100 young people to the 'Find 11, Doll Marquee, where they provided free craft activities for young people and their familles. One Community Youth Day The One Community Youth Day was held at the Club on Wednesday 2nd August, 2pM - 6pm for young people aged 11 to 17 years. It was a successful event,, activities were provided free of charge and attracted over 500 young people. Free hot food and soft drinks were also provided. It was pleasing to see $0 many young peopla attanding wilhout their parents. Activities on offer included a Climbing wall, dodgems and fyvister fairground rides, football, basketb811. multi sports, ar¢h&ry, craft activities, inflatables, Sexual Health Team. Police Cadets, Worcester Warriors Foundation and a DJ. Three professional graffiti artists supported the young people lo create pemianent images on sections of Ihe Skate pa and further graffiti workshops were held inside the Youth Lodge. The event was held in partnership with Light Box. Summer A¢tivily Week A jam packed week with exciting aetivities and trfps was held in August for young p8opI8 aged 8 to 11 years from disadvantaged families. The programme of activities included a circus skills workshop, animal antics session, science workshop, arts and crafts, multi sports, trips to th8 Wild Zoological P8rf< and the Habberley Trail. The young people were provided with frae Meals thrcughout the week. Stay & Play Sesslon The Stay & Play sessions for children under five took place e8ch Monday morning in term time during the Winter and Spring periods. It proved popular and attracted many familias wilh pre school children, who had fun and benefitted from access to a variety of aarly year's educalional loys and books. Further infonnation and imag8s of children's and young people's activities are available on our website and facebook. Page 2
Perdlswell Young Peoples Lelsure Club Report of the Trusteos for the Y•ar Ended 31st De¢omber 2023 Community Support In May the Club organised a special evenl to celebrate the Coronation of King Charles 111. The event was attended by vulnerable and disabled members of the local community. who onjoyed a roast dinner and an aftemoon of musical entertainment provided by a popular local singer. The Club was decorated in red, white and blue and each person attending received a baked fruit cake as a souvenir of the event. The Club continues to support the Perdiswell Mature Club, which provides meals and activities for the older, vulnerdble members of the community each week. Once again several of our staff and volunteers supported the Worcester Carnival, which brought the City's community together lo enjoy the activities on Pilchcroft and Ihe grand parade of floats and walking groups around the city streels in July. Young People's Organisations The Club supported children and young people's activilies during the year and offered use of its facilities to local children's and young people's groups, to enable them to organise their own programmes of activities, training sessions. meetings, conferences and speci21 events. In March. Disability Sport Worcestershire organised Inclusive B(la sessions on Wednesday evenings in respons& to the young people's requests. Minibuses The Club's two minibuses and the people carrier were used to provide transport for the young people attending the Sunday night Inclusion Club, FLASH trips out and Fun Squad activities. They We also used by many local children's and young people's groups needing Iransport to support their own aclivilies. Refurblshmentlmalntenance The Club works constanlW to refurbish and maintain its pr8mises to ensure that the facilities are k8pt up to a high standard. During the year, the flal roof above Recepti¢)n and the adjoining corridor has been completely removed and replaced. On the first floor, the Tudor,. Beech and Oak rooms have been repainted, new carpet tiles laid and window blinds replaced. The Tudor room has also benefitted from a new ceiling and chairs. The corridor and stalell havè been repainted and new carpet tiles laid. Activity Room 2 has been repainted. FINANCIAL REVIEW Flnancial position Unreslricled incoming resources for the year amounied to £229,749 (2022 £174.334}. Unrestricted outgoing resources amounted to £264,432 {2022 £237,165)- As a result. net unrestricted expenditure was £34.683 12022 net expenditure of £62.831)- Restricted incoming sOUrceS for the year amounted to £66.017 {2022_. £48,004) and restricted outgoing resources were £83,154 (2022.. £55.769}. resulting in nel expenditure of £17,137 (2022.. nel expenditure of £7.7651. This deficit has decreased the charities overall reseNes from £983,959 10 £932,139. or this 8mount £717.620 represents unrestricted (induding designated) funds, with the remaining £214,519 being held for restricted purposos. Transfers betsveen funds of £3,606 We made in the year. see nole 16. Free reservès are detailed in the reserves policy below. alongsid8 further dotail on the designated funds. Full infomiation regarding fund mov8ments and restrictions are detsiled in nole 16 to the accounts. Other Income An amount of £nil {2022: £3,547) has been received from Hiscox Insurance for a loss of Income claim due to Covid-19 and this has been included in other income. Page 3
Perdlswell Young Peoples Lelsure Club Report of the Trustees for Iho Yoar Endod 31st Déc•mb8r 2023 FINANCIAL REVIEW R•soNos Pollcy The Trustees are currently reviewing the position with regard to the ¢haritys reserves. The current pollcy Is to creats such reserv8s as will enable th8 charity to=. expand and develop Its services lo achieve objectives- and have su¢h funds in reserve to enablg the charity to continue to operate for a period of 6 months should grant aid and fund raising decrease. Free resetves (general funds less fixed assets 8nd funds designated for other purposes) at 31 Decemb8r 2023 amounted to £150,709. which based on cuThent expendibjre levels of £264,432 equate lo approximately 7 months of running costs. The truslees have reviewed the current reserves and they feel that they have suffici8nt resources to adhere to the Current policy outlined above. In addition to the charities free reseNes, the trustees also carry several designated funds totalllng £363.250 {2022- £366,000), which if undesignaled could boost free reserves to cover 21 months of UnStriCted costs. These funds have been set aside for operating costs should in¢oming resources be negatively impacted 1£180,750}, maintenance costs should any large repairs lo the building be required (£122,500>, and redundancy costs should th& charity be forced to close {£60.000}. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng do¢ument The Charity is governed by its Charitable Incorporated Organisation Trust Deed d8ted 22 October 2020. Organlsatlonal stru¢ture The Charity converted lo a Charitable Incorporated Organis*ion (CIO) on 22nd October 2020. Prior to the conversion. the Charity was governed by ils Memorandum and Articles of Association and was a company limit8d by guaranlee. Incorporated on 27th January 1988. The Charity Is governed by its Constitution and is operated by its Trustees, who are elected annualty at the Annual General Meeting and which has one third of ils Trustees retiring each year. Those retiring Trustees may offer themselves for re election thus ensuring a continuity of Trustees from year lo year. Th8 day to day operation of the Charity is controlled by the full time. paid Trustee who oversees the work of the full and part time staff. The Trust are listed under the Legal and Administration in formation section. PYPLC Enterprises Lirnited was a wholly owned subsidiary company of the charlty undertaking all of the trading charitites. a¢livltles. The company ceased to trade in March 2021, with the activities having been taken over by the charity at that date. The company was dlssolvod on 1 February 2022. Doclsion making Trustees have provided details of all relevant interests and reglstered Ihem with the Development Manager. At the start of each Charity Trustee meeting any possible conflicts of interest have been requested 8nd noted. Wher8 a conflict of interest has existed, that Trustee has withdrawn from the discussion or decision. Trustees agree the Charity's strategic areas for activity for the Charfty, including consideration for reserves, risk management, policies and perfomiance. Day to day administration is delegated to the Development Manager or, In his absence, th8 Manager or any other staff member or members as deeméd appropriate by the Board of Trustees. The Trustees are offered training opportunities as appropriate. Rlsk management The Trustees have considered the major risks to which Ihe Charity is exposed to and have identified the main risks to be the loss of key staff, loss of substantial bookings, seriou$ bad debts, building or equipment damage, safeguarding incidents and public safrty at the centre. All of the risks can b8 and 8re belng managed, bul they cannot be elimin81ed. Board of Trustees Philip Weston O.B.E. Is a full time paid employee of the Charity and Charfty Commisslon approval wa5 Qbtalned for this Trustee employment. Appreciatlon We would like to expr8ss appreciation to all the children and young peoplè who have participated or been Involved in activities and events, ensuring that the Club continued to achieve its aims and objeclivas. Sincere apprecialion also to our team of dedicated staff and volunteers, Indlviduals, charities and organisations that, through their efforts and finan¢l81 support. have contributed towards the Club's success in 2023. A complete list of grants received is included in the Financial Slalements. Page 4
Perdlswell Young Peoples Leisure Club Report of the Trustees for the Year Ended 31 st December 2023 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity numb¢r 519825 Prlnclpal addre$$ Perdiswell Park Droitsvich Road Worc8Ster Worcestershire WR3 7SN Trusteas Philip Weston 08E Georgina Knight Karen Watts Jennifer Purser Christine King Indepèndent Examiner The Richards Sandy Partnershlp Thomeloe House 25 Barboume Road Worcester WOrtershIre WR11RU Bankors CAF Bank Limited 25 Kings Hill Avenue King$ Hill West Malling Kent ME19 4Ja Approved by order of the Board of Trustees on ..... and signed on its behalf by: ifer Purs8r- Truslee Page 5
Independent Examiner's Report to the Trustees of P•rdisw•ll Young Peoples Lelsure Club Independent examiner's report to thè trusteès of Perdiswell Young Peoples Lelsure Club I report to the charity trustees on my axaminalion of Ihé accounts of Perdiswell Young Peoples Leisure Club (the Charity) for the year end8d 31 st December 2023. Responsibilities and basis of report As the charity trustees of the Charity you are responsible for the preparatlon of the accounts in accordance with Ihe requirements of the Charities Act 20111'lhe Act'l. I report in respect of my examination of the Charitys accounts carried out under Section 145 of the Act and in carryiNJ out my examination I have follow8d all applicab18 Directions given by the Charlty Commission under Section 14515){b) of the Act. Independenl examinerfs statement Since your chariws gross Incom8 8xce8ded £250,000 your examiner must be a member of a list8d body. I can confimi that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants. which 18 one of the listed bodies. I hav8 completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to belleve that in any material respect: accounting records were not kept in respect of the Charity as required by Section 130 of the Act- or the accounts do not accord with those records: or the accounts do not comply with the applicable requirements concemlng the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other Ihan any r8quirement that the accounts give true and fair view which is not a matter considered as part of an independent examlnatlon. I have no ¢on¢erns and have come across no othér matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Melissa Godwin ACCA ACA The Richards Sandy Partnership Thomeloe House 25 8art)ourne Road Worcester Worcéstershire WR11RU Page 6
Perdlswell Young Peoples Lelsure Club 8latoment of Financial A¢tivitios for the Year Ended 31st Décember 2023 2023 Total funds 2022 Total funds Unrestrtcled nds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacios 2,156 31.625 33,781 25,830 Charitable activities Young People 219,455 34,392 253.847 189.257 Investment in¢ome Other income 8,138 8,138 3.704 3,547 Total 229,749 66,017 295,766 222,338 EXPENDrruRE ON Charilable activitlos Young People 264.432 83,154 347.586 292.934 NET INCOMEIIEXPENDITURE) Transfers between funds (34,683) 3.606) (17.1371 (51,820) 170,596) 16 Net movement in funds (38,289) (13.5311 (51,820) 170,596) RECONCILIATION OF FUNDS Total funds brought forward 755,909 228.050 983,959 1,054.555 TOTAL FUNDS CARRIED FORWARD 717.620 214,519 932,139 983,959 The notes form part of th85e financial statements Page 7
Perdiswell Young Peoples Lelsure Club Balance Sheet 31st De¢èmbor 2023 2023 Total funds 2022 Total funds Unrestricted funds RestrScted funds Notes FIXED ASSETS Tangible assets 242.161 213,476 455.637 474,131 CURRENT ASSETS Siocks Debtors Cash at bank 12 13 700 26.487 454,555 700 26,487 455,598 500 9,969 511.718 481,742 1,043 482,785 522,187 CREDITORS Amounts falling due within one year 14 {6.283) (6,283) (12,359) NEf CURRENT ASSETS 47S,459 476,502 509,828 TOTAL ASSETS LESS CURRENT LIABILITIES 717.620 214,519 932,139 983,959 NEf ASSETS 717,620 214,519 932.139 983,959 FUNDS Unrestricted fijnds Restricted funds 16 717,620 214,519 755,909 228,050 TOTAL FUNDS 932,139 983,959 financial ments were approved by the Board of Trustees and authorised for issue on . and were signed on its behalf by.. Georgina Knight- Trustee The notes fonn part of these financial statements Page 8
Perdiswell Young Peoples Leisure Club Notes to the Financial Statements for the Year Ended 31st December 2023 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The financial ststements of the charity, which 15 a publlc benefit entity under FRS 102, have been prepared In accordance with the Charities SORP (FRS 102) 'Accounting and R8ports'ng by Charities.. Statement of R0MM9nded Practice applicable to charltles preparing their accounts In accordance with the Flnancial Reporting Standard appllcable in the UK and R8public of Iland (FRS 102) (&ff8Ctive 1 January 20191.. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republlc of Ireland, and the Charittes Act 2011. Tha financial statements have been prepared under the historlcal Cost convention, with the exceptlon of investments which are included at market value. These financial stat8ments have been prepared in Sterling, which is the functional currency of th8 charity. Monetary amounts are rounded lo the nearest £. INCOME All income is recognisgd in the Statement of Flnanci81 Activities once the charity has entitlement to the funds, it is probable that the income will be re¢elved and the amount can be measured reliably. Income from grants, donations and legacies is re¢TrJnised in the period in which the charity is entitled to receipt and the amount can be measured wrth reasonable certainly. Income from charitable activities for services provided is recognised in line with the provision of those servlces. Interest income is recognised for all interest-bearing instruments on an accruals basis. EXPENDITURE Liabilities are re¢ogni$ed as expenditure as soon as there is a legal or constructiv8 obligallon committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be requlred ir) settlement and the amount of tha ebllgatlon can b8 measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost relaled lo the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basls consistent with th8 use of resources. Grants offered subject to conditions which have not been met at the year end dat8 are noted as a commitment but not accrued as expenditure. TANGIBLE FIXED ASSETS Depreciation is providad al the following annual rates in order to write off each asset over its estimated useful life. Leasehold prop8ty - general Leasehold property - skate park Plant and ma¢hinery Motor vehicles over the term of the lease over the term of the lease 16.670A on cost STOCKS Stocks are valued at th8 lower of cost and net realisable value, aft$3r maklng due allowance for obsolete and slow moving items. TAXATION The charity is exempl from lax on its charitable aclivitie$. FUND ACCOUNTING unStrICted funds can be used in accordanc& with Ihe charitsble objectives at the discretion of the trustees. Restrlcted funds can only be used for particular restricted purposes within the objects of the charity- Restrictions arise when specified by the donor or when fvnds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes lo the financial statements. FINANCIAL INSTRUMENTS The Charity has elected to apply th8 provisions of Section 11. Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised when the Charity becomes paty to contractual provisions of tha instrument. Page 9 conllnued.
Perdiswell Young Peoples Lelsure Club Notes to the Flnanclal Ststements - conlinued for the Year Endfrd 31 st D•¢gmb0r 2023 ACCOUNTING POLICIES . continuod FINANCIAL INSTRUMENTS Flnanclal assets are offset, with the net amounts presented In the accounts where there is a legally enforceable right to set off the racognised amounts and there is an intention to setue on a net basis or to realise the asset and settle the liability slmultaneously. Bas1¢ Flnan¢lal Assets Basic financial asset5, which include trade and other receivables and cash and bank balantss, are initially measured al transaction price including Iransaction costs and are subs8quently carried al amortised cost using the effective interest method unless the arrangement conslitules a finan¢lng transaction, where the transactron 1$ measured at the pr8sent value of the future re¢eipts discounted at a market rale of interest. Baslc Flnanclal Llabllltles Basic financial liabilities, including trade and olher payables, are initially recognised al transaction prSce unless the arrangement Constitutes a financing transacllon, where Ihe debt instrument is measured at the present value of future rec8ipts, discounted at a market rate of interest. Debt instruments are subs8quently carried at amortised cosl, using the effective interest rale method. Trade payables are obligations to pay for goods or servi$ that have been acquired in the ordinary Course of the operations from suppliers. Accounts payable are classified as current liabilities if payment Is due wthin one yèar or18ss. If not, they ar8 presented a5 non£urrent liabilities. Trade payables are recognis6d inllialty at transaction ¢ost. PENSION COSTS The charity operat8s a dafined contribution pension scheme. Contributions payable to the chartrty's pension sch6me are charged to the Statement of Financial Activities in the period to which they relate. GOVERNMENT GRANTS Govemment grants are cOgniSed using the a¢¢nJals model. Govemment grants relating lo ¢ompenyalion for expenses or losses already incurred or for Ihe purpose of giving immediate support to the Charity, with no future related cosis are recognlsed in income in tha period in which the grants become payable. CRrricAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Accounting estimates and judgement are continually evaluated and are based on historical experfence and other factors, induding expectalions of future ev8nts that are believed to be reasonable under the circumstancas. Depreciation of leasehold prop•rty Leasehold propety has been depreciated on the basis that the Current long term operating lease agreement that runs lo 31 July 2049 will not be renewed and that when the lease ends control over the leasehold buildings will revert to the landlord for no consideration payable to the charity- If the c*arity was virtually certain that the lease would be renewed, then the leas8hold properly Could be depreciated over a longer period and the annual depreciation charge would be lower than the amount included in tha financial statements. The net book value of leasehold property held at the year end is disclosed in note 10 of these financial statements. DONATIONS AND LEGACIES 2023 2022 Donations Donation grants 2,156 31,625 1,771 33.781 25,830 Page 10 continued..
P8rdiswell Young Peoples Lelsurg Club Notes to the Flnan¢lal Statements - continued for the Year Ended 31 st 00mber 2023 DONATIONS AND LEGACIES - ¢ontinuèd Donatlon grants received, included in the above, are as follows: 2023 2022 Baron Davenport's Charity Claines United Charilias CowOP- Local Community Fund Edward & Dorothy Cadbury Twsl Happy Days Children's Charity Margaret Westwood Memorial Charity National Lottery Jubliee Celebration Perdiswell Mature Club Platfom Housing Group Six Masters, Charities The Charfés Wolfson Charitable Trust The Eveson Charitable TTUSt The Sainlbury Trust William A Cadbury Ch8ritable Trust Worcester Musical Theatre Company Worcester Community Trust - NHS Public Health Positive Activities 1,500 3,750 4.291 1.500 900 743 4,000 3.525 2,000 500 3.000 5.000 1,600 10.000 2,000 750 1,000 9,625 24,059 INVESTMENT INCOME 2023 2022 Bank interest received 3,704 INCOME FROM CHARITABLE ACTIVITIES 2023 Young People 2022 Total activities Service grants Facilities hire Facilities & aclivllies 46,392 80,915 126.540 35,000 59.282 253,847 189 257 Service grants received, included in the above, are as follows: 2023 2022 Ready Steady Worcastarshlre - Holiday Activities and Food (HAF) Programme Worcester Play Council - CowOTdinatorlActivitles Worcestershire County Council - Short Breaks Worcester City Council WOrSter City Council - Ccvid Grants Worcestershire County Council - Dlvislonal Fund - Mel Allcott Worcestershire County Council - Divisional Fund - Steve Mackay Worcestershire County Council - Wann Spaces 21,321 12,000 10,121 400 1,550 17,000 12,000 500 5,000 500 1,000 35.000 Page 11 continued...
Perdlswell Young Peoples Leisure Club Notes to the Financial Statements - continued for the Year Ended 31st December 2023 TRUSTEES, REMUNERATION AND BENEFITS During the year a salary was paid to a Trustee of the Charity. details are shown in note 7 of the accounts under stsff costs. TRUSTEES, EXPENSES There were no trustees. expenses patd for th8 year ended 31st December 2023 nor for the year ended 31st December 2022. STAFF COSTS 2023 2022 Wages and salaries Social security costs Other pension Gosts 152,014 6,985 2.650 142,712 4,479 2,396 161649 149.587 The average monthly number of employees during the year was as follows: 2023 15 2022 15 Averagè number of employees No employees received emoluments in excess of £60,000. Social securlty costs for Ihe prSor financial year is ststed net of Employmont Allowance dalms relating lo both the current financial year and previous financial years. During the year 1512022.. 15} stsff members were employed by the Charity in varlous positions. The full time equivalent was 612022.. 61. During the year the followin9 salary Costs were paid in respect of Mr P Weston OBE who is employed by the Charity as the Development Manager and he is also a Truste& of the charity. Charity Commission approval was obtained for this trustee employment. and amounts are disclosed below. Trust•0 salary costs - (included in the abovo) 2023 2022 Salary Social security costs Pension costs 40,036 4.653 977 39,146 4,362 987 Tolal 44,495 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES Unrestri¢l8d funds Reslricted funds Totsl funds INCOME AND ENDOWMENTS FROM Donalions and legacies 8.329 17,501 25,830 Charitable actlvltles Young People 158.754 30.503 189,257 Investrnent income Other incom8 3,704 3,547 3,704 3,547 Total 174,334 48.004 222,338 Page 12 continued...
Perdiswèll Young Peoples Leisure Club Notes to tho Finan¢lal Statements - continuod for the Year Ended 31 st December 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Contlnued EXPENDrruRE ON Unrestrlcled funds Restricted funds Totsl funds Charilable activities Young People 237,165 55.769 292,934 NEf INCOMEI{EXPENDITURE) {62,8311 (7,765) {70,5961 RECONCILIATION OF FUNDS Total funds brought forward 818,740 235.815 1,054.555 TOTAL FUNDS CARRIED FORWARD 755.909 228,050 983,959 INDEPENDENT EXAMINATION The fee for the independent examinalion for Ihe year ended 31 December 2023 was £3.41012022 £4,120). 10. RENT The Worcester City Council have provSded plots at a peppercom renl of £1 durlng the period. 11. TANGIBLE FIXED ASSETS Leasehold property skale park Leasehold prope - general Plant and machinery Motor vehicles Totals COST At 1$tJanuary 2023 Additions Disposals 1,002.190 560,949 50.778 11,778 9,4711 106,840 1.720.757 11,778 9,471) At 31s10ecember 2023 1,002,190 560,949 53,085 1,723.064 DEPRECIATION At 1st January 2023 Charge for year Eliminated on disposal 847.675 5.813 256,825 10,639 42,153 6.953 9,4711 99,973 6,887 1,246.626 30.272 9,471 At 31st December 2023 267.464 106,840 1267.427 NET BOOK VALUE At 31st Decembar 2023 148,702 293,485 13,450 455 637 At 31$1 December 2022 154,S15 304,124 8,625 6,867 474,131 Page 13 continued...
Perdlswell Young Peoples Lelsure Club Notès to tho Flnanclal Statements - continued for tho Year Ended 31st Docembor 2023 12. STOCKS 2023 2022 Stocks 700 500 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Other debtors Prepayments 11,340 13,345 1,802 7,152 1,194 1,623 9,969 14. CREDITORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 2023 2022 Trade creditors Accrued expenses 1,137 8,461 3,898 6,283 12.359 15. LEASING AGREE MENTS Minimum lease payments under non-cancellable operating leases fall due as follows: 2023 2022 Within one year Between one and five years 401 802 401 401 1,203 16. MOVEMENT IN FUNDS Net movement in fvnds Transfers between funds At 31.12.23 At 1.1.23 Unrestri¢tsd funds General fund operating fund Cycllcal malntenance Redundancy costs 389,909 161,500 144.500 60,000 (12,683 122.856 19,250 354,370 180,750 122,500 (22,0001 755,909 (34.683) 13,606) 717,620 Restrlcted funds Skate Park Minibus Inclusion World War 2 Equipment 221,215 2.835 (7,7391 12.8351 (6.563) 213.476 6.563 2.957 4,000 3.606 214,519 TOTAL FUNDS 983.959 51.820) 932 139 Page 14 continued..
Perdiswell Young Peoples Lelsure Club Notes lo the Financial sements - contlnued for the Year Ended 31st Do¢ombor 2023 16. MOVEMENT IN FUNDS . continued Net movement in funds, induded in the above are as follows: Incoming resources Resources expended Movem8nt in funds UnreslTl¢ted funds General fund Cyclical maintenanc8 229,749 (242,432) 22.01)0 (12,6831 229,749 (264.432) (34.6831 Restricted funds Skate Park Minibus Inclusion World War 2 Activity Covid Recovery Fund Youth Inclusion Clubs Community Activity Fund (7.739) (2.835) (6,563) (1,550) (62.467) 2.000) 17,739) (2.835) (6.563) 1.550 62,467 66.017 83,154 17.1371 TOTAL FUNDS 347 586> 51.820) Comparatives for movement in funds Net movemenl in funds Transfers beeen fvnds At 31.12.22 At1.1.22 Unrestrlcted funds General fund operating fund Cyclical maintenance Redundancy costs Covid recovery fund 445,740 160,000 133,000 60,000 20.000 162,831 } 7,000 1,500 11.500 389.909 161.500 144.500 60.000 20.000) 818,740 162.831) 755,9 Restricted funds Skate Park Minibus Equipment The lan Dymock Memorial Trust 229.235 5,668 375 537 (8,0201 {2,833) 3.625 221.215 2,835 4.000 235,815 7,765 228,050 TOTAL FUNDS 1,054,555 70,5961 983,959 Page 15 continued...
Perdlswell Young Peoples Leisure Club Notes to the Flnancial Statements - eontinued for the Year Ended 31 st Decembér 2023 16. MOVEMENT IN FUNDS - contlnued Comparalive net movement in funds, included in the above are as follows.. Incoming resources R8sources expended Movement In funds Unrestricted funds General fund 174,334 (237,165) 162,831) Restrictfjd funds Skate Park Minibus Equipment The lan Dymock Memorial Trust Youth Inclusion Clubs Community Activity Fund 18,020) 12,833) 1375) 1537) 133.979) 10,025) 18.020) 12.833) 3.625 (537) 4,000 33,979 10,025 48.004 55,769 7,7651 TOTAL FUNDS 222,338 292,934) 70.596) Unrestrlcted General Fund This represents monies received without reslricts'on as to their application. The fund5 a utilised in the general running of the charity. The balance at 31 Dember 2023 is £354.370 (2022 £389,909) Operating Fund This fund was ¢ated to cover 6 months running costs of the charity The balanca at 31 December 2023 is £180,750 (2022 £161,500), and is based on costs incurred for 2023 plus inflation. Cycllcal Malntsnance This fvnd is to cover any large maintenance costs and the ongoing maintenance that needs to be Carried out to ensure that the buildings are maintained to a high standard. The balance at 31 December 2023 is £122,500 12022 £144,500), £22,000 was spent on repairing a roof and ceilings during the year. Redundancy Costs The purpose of Ihis fund is to cover any payments for redundancy if the charity ceased lo operate. The balance at 31 December 2023 is £60,000 (2022 £60,000). Rostrl¢tod Funds Property - Skate Park Restricted grants and donations were received beeen 2002 and 2005 towards the construction of the Skate Park facility. The balance at 31st December 2023 was £213,476 after allowing for depreciation costs (2022 £221.215). Mlnibus Restricted grdnts of £17,000 were received in 2018 towards the purchase of a minibus. The balan at 31 December 2023 is £nil after allowing for depreciation costs {2022 £2.835). this represents the net book v81ue of the asset. Equlpment A restricted grant of £4.000 was received during 2022 from Margaret Wesiwood Memorial Charity. to cover the cost of a new cooker. £2,957 w8s spent during the year. Inclusion World War 2 A grant of £9,900 was received In 2019 from the National Heritage Lottory Fund to commemorate the anniversary of the beginning of World War Two. Of this. £6.563 was repaid in the year as a result of the Covid-19 restrictions preventing the completion of the project. A¢tlvlty Covid Recovery Fund This restricted fund has been crealed to support the reopening and to continue delivery of activities following the impacl on wellbeing and mental health. Various 9raDts totalling £1.550 were received and had been lully spent in the year. Page 16 ontinued.-.
Perdlswell Young Peoples Leisure Club Notes to the Finan¢lal Statem•nl$ - Contlnued lor the Yoar Ended 31 st December 2023 16. MOVEMENT IN FUNDS- contlnuod Youth Inclusion Clubs This restricted fund was created to support people with disabilities, learnlng difficulties, compl6x health needs and challenglng behaviour by providing positive activities. Various grants totalling £62,467 w6re received during the year to cover salaries and activity materials, the fijll amount has been spent during the year. Community A¢tivity Fund This reslricled fund was creatèd lo provide activilies to the local community. Various grants totalling £2,000 were receivad during the year to cover salarie$ and activity materials. The fvll amount has been spent during the year. TRANSFERS BETWEEN FUNDS The following transfers have been made during the year.. - from the General Fund to the Inclusion WW2 fund (£6,563) in respect of repayment of a grant that was returned due to failure to complete the project in time as a result of Covid-19 restrictions - from the Equipment Fund to the General Fund 1£2,957} in respecl of purchasing a new oven - from the General Fund to the Operating Fund (£19,250) The Iruslees have agreed to make the transfers to adjust the balances on the designated fund balances al 31 December 2023. 17. RELATED PARTY DISCLOSURES Trustee. Phil Weston. is trustee of several other ¢harities. During the year transactions accrued with these charities are as follows- Worcester Play Councll Grants of £12,00012022'. £12,000> were received toward running young people's activities. Worc8gt8r Muslcal Theatre Company Grants of £nil {2022'. £1,000) were received toward supporting the Youth Inclusion Clubs. lalnes Unlted Charltles Grants of £3,75012022'. £nil) were re¢eived tOW8rd running young peop16's activities. In addition to the above, some charfties Ihat Phil Weston is a trustee of, have used the (xntre for room hire and facilitl8s in the year. Total invoices to these charities totdled £36,877 (2022: £19.645) and were Charged al a nomial hire rate for the centra. Page 17
Perdiswell Young Peoples Leisure Club Detailed Statement of Financial Activities for the Year Ended 31st December 2023 2023 2022 INCOME AND ENDOWMENTS Donations and legacies Donations Donation grants 2,156 31.625 1,771 24,059 33,781 25,830 Investment income Bank interest received 8,138 3,704 Charitable activities Service grants Facilities hire Facilities & activities 46,392 80,915 35,000 59,282 94.975 253,847 189.257 Othor incomo Exceptional items 3.547 Total Incomlng resources 295,766 222,338 EXPENDITURE Charltable actlvltles Wages Social security Pensions Purchases for resale Activity costs Training Insurance Light and heat Cleaning Repairs and maintenance Printing postage & stslionery Advertising Computer costs Telephone Motor expenses Garden expenses Bank charges Gaming lieence General expense Grants repaid Independent ex8mination Membership fees Equipment leasing Sports equipment Depreciation - short18asehold Depreciation *kate park Depreciation - plant & machingry Depreciation - vehide Profit on disposal of tangible fixed assets Carried forward 152,014 6,985 2.650 26,762 20,578 114 13,329 17,843 2,710 39.197 5,611 379 1,373 3.170 8.825 1.380 857 142,712 4,479 2,396 18.774 18,849 36 8.541 10,122 1,519 24.058 3.374 529 1.257 2,902 9.522 1.240 799 20 980 6.653 4.120 2,535 6,563 3.410 227 802 802 90 5,602 11.026 4,993 6,867 5,814 10,638 6,953 6,867 347,586 292,397 This page do85 not form part of the statutory fin8ncial statements Page 18
Perdiswell Young Peoples Leisure Club Detalled Statement of Flnancial A¢tiviti6s for the Year Ended 31 st December 2023 2023 2022 Charitable activities Brought forward Grants to institutions 347,586 292,397 537 347.586 292,934 Total resources expended 292,934 Not •xpendlture 51.820) 70,596) This page d$ not form part of the statutory financial statements Page 19