F n¥})IdbyF4L Charity registration number 520363 CARLISLE DIOCESAN YOUTH CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CARLISLE DIOCESAN YOUTH CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Rev Canon Susi Strang Wood Ven Richard Pratt Mrs Shelagh Clare Hughes Charity number 520363 Independent examiner Armstrong Walson LLP 2 Europe Way Cockermoulh Cumbria CA13 ORJ CARLISLE DIOCESAN YOUTH CENTRE CONTENTS Page Twstee$' report Statement of InJslees' responsibilities Independenl examinels report Slalemenl ol financial aclivities 8alance sheel Notes lo Ihe financial $talemen(s 7. 15 CARLISLE DIOCESAN YOUTH CENTRE TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trusiee5 present their annual report and financial sialemenis for the year ended 31 December 2023. The financial statements have been prepared In accordance with the accounting policies sel out In note I to the financial slalemenls and comply with the chaiily's governing docurnenl. the Charities Act 2011 and "Accounting and Reporting by Charities Slatemeni ol Recommended Practice applicable lo char11ies preparing their accounts In accordance with the Financial Reporting Standard applicable In Ihe UK and Republic of Ireland IFRS 1021 leffeciive 1 January 20191. Rev Canon Susi Slrang Wood - Chairman Chaplain lo Sl Johns-In-Ihe Vale Youth Cenire Ven Rich3rd Prztt - Secretary Archdeacon Mrs Shelagh Clare Hughes Diocesan Schools Advisor Trustees The Iruslees named have served Ihfoughoul the year Appointment of IrLJsiees Is governed by the Trust Deed ol the Charity. The Board ol Trustees Is appoinled by virtue ol their offsce In Carlisle Diocese Constitution. Objects and Policies The Charitable Trusl Is consliiuled by Trusi Deed. and Its obsect5 are 10 In the Diocese ol Carlisle and beyond educate young people through their leisure time aclivities so as lo develop Iheir physical. mental an¢J spiritual capabililies thai thèy may grow 10 lull rnalurily as Individuals and Members ol society and Ihal their conditions of life may be Improved. The Charity operates leases wilh the Carlisle Diocesan Board of Finance and Sl John's-In-Ihe-Vale Parochial Church Council on the Youth Cenlre Main Building and Annexe uniil 2030. The properties are hired oul to organisalions working wilh young people for residential activilies. The Charity operates a lellings policy lo ensure that the objects ol the Charily are niel The Charily operates ali equal opportunities po11Cy The Charity has al present three Trustees. The Trusle8s are members ol the Managemenl Committee which also has represenlalives from the Diocesan Board ol Finance. Diocesan Board of Educaiion Oioce5an Yoijlh Office Sl John's-In-Ihe-Vale PCC. Cumbria County Council, ty¥0 represenlaiives from groups which use the cenlre and al present two co-opted members. The Managemenl Cornmittee oversees the management ol the Char11y The day lo day m8na9emenl of Ihe centre is undertakèn by the Warden Mrs L15a Farren. Public Benefit- Performance In planning our aclivities lor the year we kept In mind the Charity Commis510n's guidance on public benefit at our trustee meeting5 The Cenlre provides 8 coiilexi lor groups ol young people from schools eolleges unilorined organisalions and churches as well as family groups lo enjoy Ihe benefits ol ouldoor activities and a time away from their normal setting 11 provides sell-caleiing accomrllodalion accessible lo people ol all age5 and backgrounds. and h05 wheelchair access lo the School House lacililies. CARLISLE DIOCESAN YOUTH CENTRE TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Flnancial ￿VIeW Si Johns In ihe Vale Cenlre's lo131 Income from bookings In 2023 was £77,076. With £9 863 from Oividends and bank Interest. donations of £100 and a VAT Rebate ol £14 830 the lolal Income ol £101.869 15 very similar lo 2022 rigures 8ooking Income w3S Seriously affec12d by a loial waier system failure In June 2023 iusl as high season was gelling underway The Cenlre was closed for 4 weeks and only lully reopened In mid July. Many bookings were affected, representing £9.814 In losses. The Centre was eligible lor a VAT Rebate during the year ended 31 December 2023, this coupled with the steady performance of Investmen15 provided some buoyancy when the business was affected by lack ol water and largely offselling Ihe as50cialed losses of Income. The Committee are focussed on solving water Issues lo ensure the suslainabilily of the Cenlre. Free reserves al the year end excluding Inveslrnents stood al £19.717 and Including investments £377. 196. The lolal expenditure of E103.795 Is slightly higher than the 2022 figures. There was unexpected significanl expendilure needed lo replace badly f111ed floor1ng In Ihe dining room and 10 deal with Ihe water filler1ng system Ihal was nol lunGlioning correclly The kitchen required costly new appliances. new Ovens and a fridge freezer The Increase In electncity costs mu51 also be noted a ioial of £7,300 In 2021 compared lo £16 171 In 2022 and £27 4 18 In 2023. The Comrnillee conlinue lo monitor eleclncily pri¢es and irnplemenled a biannual review of pricing to respond lo this Risk Management The Management Committee reyularly reviews Ihe risks Reserves of more than Dne year'5 operating costs afe held lo cover Iiabililie5 In case ol adverse conditions Reserves are held lo cover capilal expenditure for fuluTe development or In case ol unforeseen rnaior expenditure replacemeni or fepair of equipment. Reseryes Policy 11 Is the policy ol the eharity lo maintain unresiricled lun(Js al a level which equate lo approximately 12 months unre51r1cled expendilure. Th15 provides sufficieni funds lo cover management and administration and support costs Unreslricled lunds are mainlasned al leasl ai this level Ihroughoul the year. however funds are a150 held lo ac¢ounl lor planned capital expeiidilure The Iruslees. report was approved by the Board ol Trustees. Rev Canon Susi Slrang Wood Trustee 2 July 2024 CARLISLE DIOCESAN YOUTH CENTRE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The Iruslees are responsible for preparing ihe Trustees, Report and the financial statewents in accordance with applicable la¥v and Unile¢J Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Praclicel. The law applicable lo charities In England and Wales requires the Iruslees lo prepare (Inancial slalemenls lor each financial year which give a true and lair view ol the stale ol affairs of Ihe charity and of the Incoming resources and application ol resources ol the chaT1ty for that year. In prepanng thesè financial statemen15, the Iruslees are reqLtired lo. select suitable accounting policies and then apply them consislenlly., obseThe the methods and principles In the Char'.;',es SORP. make judgements and eslimales that are feasonable and prudent, slate whether applicable accounling standards have been followed. subieci to any maieiial departures disclosed and explained In the financial slalements and prepare the financial slalemenls on the going concern basis unless il Is inappropriate lo presume that the charity will continue In operalion The Iru51ees are responsible for keeping sufficient accounting records thai disclose wilh reasonable aecur8cy ai any time the financial posilioii ol the chafily and enable them lo ensure that the financial slaleinenls cornply with the Charities Act 2011 the Charily (Accounts and Reports) Regulalion5 2008 and the prov1510ns ol the trust deed They are also responsible lor safeguarding Ihe assets ol the charity and hence lor laking reasonable 51ep5 lor the prevention and Qeiection ol fraud and oiher Irregularities CARLISLE DIOCESAN YOUTH CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARLISLE DIOCESAN YOUTH CENTRE I report lo the tnjstees On my examination of the financial slalemenls of Carlisle Diocesan Youlh Centre Ilhe charity) for the year ended 31 Oecember 2023. Responsibilities and basls of report As the Iruslees of the charity you are responsible for the preparation of the financial Stslemenls in accordance with the requirements of the Charities Act 2011 Ilhe 2011 Acll. I report in ￿speCt of ry examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Dlre¢tions given by the Charity Commission under section 145151{bl of the 2011 Act. Independent examinerfs Statement I have completed my examination. I confirm that no Tnatters have come to my attention in conne¢llon with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of (he charity as required by secllon 130 of the 2011 A¢l.' or the financial slalemenls do not accord with those records,, or the financial statements do not comply with the appli¢8ble requirements conceming the form and content of accounts sel 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 examinallon. I have no concerns and have come across no other matters in conneclion with the examination lo whieh 8ttenlion should be drawn in this report in order lo enable a proper underslandlng of the financial $latemenls lo be reached. Mr Mark Sta ger FCA For and on behalf of Armstrong Watson LLP 2 Europe Way Cockermoulh Cumbria CA13 ORJ Dated.. 2 July 2024 CARLISLE DIOCESAN YOUTH CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEM8ER 2023 Unrestricted Restricted funds funds 2023 2023 Total UnrestTl¢ted Restricted funds funds 2022 2022 Total 2023 2022 Notes Income 37d endowTnents from. '.)onaiions and legacies commodalion Fee IncgTr.è 111v￿$1Mer.[S Oiner Inccme 100 loo 40 40 77 076 9863 14 83C 92 ?40 9 384 9853 ',4 830 93e4 2924 roial income 11,1 S69 101 869 04 988 l ul.1 j88 enditure on. KDP'idiT ¢ TOJ 795 Il,IOii￿ernLS Nel moverneni In funds -aia-=es 4,. i2-.1 472 78.? Fund balances al 31 Oecember 2023 3é4 L'iII.'gs 411 "41") 3na I?s%ps:a-￿9r sao .ranc'al J- > 4na.'Ci>PS re= 'r Jrn ¥cri ar All CARLISLE DIOCESAN YOUTH CENTRE BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets Inveslmenls 13 14 69,377 357,479 83,766 317S70 426.856 401.336 Currenl assets DeblDrs Cash al bank and In hand 9.966 31 691 2.689 28.429 41.657 Creditors.. amounts lalling due wlthln one year 16 120 5561 112.8801 Net currenl a$¥els 18,238 Total assets less current Ilabilities 447.957 419,574 Net assets excludlng pension liability 447.957 419.574 The funds ol ihe charity Restricled Income funds Unre51ricled funds 17 1.384 446.573 1.384 418.190 447.957 419.574 The financial slalemen15 were approved by Ihe tmslees on 2 July 2024 Rev Canon Susi Strang W Trustee od CARLISLE DIOCESAN YOUTH CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies 1.1 Accounting Convention The financial slalements have been prepared In accordance wilh Accounting and Reportin9 by Charities.. Slalemenl ol Recornfflended Practice applicable lo charitie5 preparing their accovnls In accordance with Ihe Financial Reporting Siandard applicable io charilies preparing their accounts In accordance w11h Ihe Financial Reporting Standard applicable In Ihe UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191 "able Ip. Ihts IJK and P.PPLib11c ol Ireland IFRS 1021 and the Charities Ael 2011. Cadisle Diocesan Youth Centre meets the definition ol a publi¢ benefit entsty under FRS102. Asse15 and Iiabililies are Inilially recognised al historical cosl or transaction vèlue unless otherwise slated In the relevant accouniing policy notes The financial statements have departed from the Charilies (Accounts and Reportsi Regulations 2008 only 10 Ihe exleni reqiiired lo provide a true and lair view. The financial Slalemenls are prepared Iii sterling which is the lunclional currency of the charity. Monetary amounis In Ihese financial sialemenis are rounded lo Ihe nearesi £ The f1nancial slalemenls have been prepared under the historical cosl convention. The principal accounting policies adopied are set out below 1.2 Going concern Al the time DI approving Ihe financial slalemenls the trustees have a reasonable expectation Ihal the charity has adeoiiaie resources lo continue In operational existence lor the foreseeable future Thus the Iruslees onlinue lo adopt the going concern basis ol a¢counling In prepar1ng the financial stalernenls. 1.3 Charitable lunds Unreslricled lunds are available lor use al the d15crelion ol the Irusiees In furtherance ol their charitable obieclives. Restricted lunds are subject Its specific condilions by donors or grantors as lo how Ihey may be used rhe purposes and uses ol Ihe iesiiicied funds are sel oul In Ihe notes 10 the financial slalemenis. EnQowrnenl funds are subieci to specific conditions by donors thai the capital musl be mainiained by the chaniy. 1.4 Income Income Is recognised when the charity is legally enlilled lo Il after any performance conditions have been mel. the arnounls can be measured reliably. and Il Is probable that Income will be received. Cash donalions are recognised on receipl. Other donations are recogn15ed Dnce Ihe charity has been noiified ol the donalion. unless performance conditions require deferral of the amounr. Incorne lax recoverable In relation lo donalions received Under Gift Aid or deeds of covenanl Is Teco9nisecS al the 11me ol Ime donation Legacies are recognised on receipt or olherwise Il the charily has been notified of an impending dislr1bulion the amount Is known and receipt Is expected 11 ihe amount Is not known Ihe legacy Is Iieated as a conlingenl asset. CARLISLE DIOCESAN YOUTH CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounilng pollcles (Continuedl 1.5 Expenditure Expenditure Is recognised once there is a legal or conslruclive obligation lo transfer economic benefit lo a third party Il +s probable that a transfer ol economic benefits will be reouired In seltlemenl. and Ihe amount ol the obligation can be measured reliably. Expendilure Is classified by activity. The eosls of each aclivity are made up of (he lolal of direct cosls and shared cosls. Including support C05t5 Involved In undertaking each aclivity Direct cosls allribulable lo a single activity are allocated directly lo that aclivity. Shared c051s which contribute 10 more than one activity and support costs which are not attributable lo a single aclivily are apportioned between Ihose aelivilies on a basis consisieni wilh Ihe use ol resources. Cenlral staff cosls are allocated on the basis of lime spent. and depreciation ¢harges are allocated on the portion of the assel's use. 1.6 Tangible fixed assets Individual fixe(J assets are Initially recorded al cost, less any subsequenl accumulated depreciation and subsequent accumulated Impairment losses. Depreciation Is recognised so as lo write off the cosl or valuation of a$5els less their residual valves over their useful lives on Ihe following bases" The gain or Ios5 ar151ng on Ihe disposal of an assel Is deleimined as Ihe difference between the sale proceed5 and the carrying value of the asset. and Is recognised In Ihe 51alemenl ol financial aeliviiies. 1.7 Flxed assel investments Fixed assel Inveslnienls are Initially measured ai transaction price excluding Iransaclion costs and are subsequently measured al lair value al each reporting dale. Chan9es In lair value are reco9nised In nel Incomellexpendilurel lor the year. Transaction cost5 are expensed as Incurred. 1.8 Impairment ol fixed assets Al each reporting end dale. the ¢hanty reviews the carrying amounls ol Ils langible asse15 to determine whether there Is any Indication Ihal Ih05e asse15 have suffered an Impairmeni loss. If any such Indication exists. the recoverable amount of the asset Is eslimaled In order lo determine Ihe extent ol the Impairment loss Ill any). 1.9 Cash and cash equivalents Cash and cash equivalents Include cash In hand. deposits held ai call wilh banks other short-lerm liquid Investment5 with original malurilies ol Ihfee months or less, and bank overdraft5 Bank overdrafts are shown within borrowing5 In current Iiabililies. 1.10 Financial instruments The charity has elecled lo apply the provisions ol Section I I 'Basic Financial Inslrumenls. and Section 12 'Olher Financial Inslrumenls Issues. ol FRS 102 lo all of Ils financial In51rurnenls. Financial Inslrumenls are reeognised In the charity's balance sheet when Ihe charity becomes paty lo the contr8ctual provisions ol the Inslrumenl. Financial as5els and liabilities are offset with the nel amounts presented In the financial 51aternenls. when Ihere is a legally enforceable right io sel off the recognised amounts and there is an Intention 10 5ellle on a net basis or lo realise the asset and settle the liability 51mullaneously. CARLISLE DIOCESAN YOUTH CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies Icontinuedl 8asic financial assets Basic financial asset5 which Indude debior5 and cash and bank balances, are Initially measured at transaction price Including transaction cos15 and are subsequently carried al amortised cost using the effeclive Inleresl method unless the arrangement conslilules a financing transaction where the transaction Is measured al the present value ol Ihe future receipts discounted al a market rale ol Interest Financial assels cl2¢o!!ie(l as r