THE OLIVER HIND CLUB ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 The Oliver Hind Club is constituted by Deed of Trust and is a registered Charity number 522276. Its address is The Oliver Hind Club, Edale Road, Sneinton, Nottingham. NG2 4HT. The Charity Trustees during the year to 31st December 2022 were'.- Mr Eric Miller Chairman Mr E BoSam Treasurer Mr R Howett, Mr D Littlehales, Mr M Fairclough.(Retired August 2023) Mr P Jones & Mrs P Clarke (appointed December 2023) The Secretary to the Trustees is Mrs Elaine Jones. The Trust Deed allows for up to nine Trustees to appointed, the Trustees are permanent apFointments. New Trustees are appointed by the existing Board of Trustees. The object of the Charrty is to provide activities for boys and girfs primarily in the area of .Sneinton. Nottingham. The Trustees policy is to ensure that the highest quality of community service is available to beneficiaries. The Club is very grateful to donations from friends and business people towards the upkeep and maintenance of the running of the Club, buildings and facilities for the benefit of youth activity in the Sneinton Area. The Oliver Hind Club has a sister Charity, The Oliver Hind Club Campsite Realisation Fund, which is under the control of the same Trustees. This Fund is a designated fund for the purpose of providing for the buildings and furnishing of club premises for the Continuan of the objects of the main Charity on the expiry of the lease of the current premises enjoyed by The Oliver Hind Club. The Club bulldings are currently on a long Feppercorn lease from the Local Authority and no current use value is placed on the buildings as it is not anticipated that they V4ill not be used for the adivities of the Club in the foreseeable future. Finances The attached financial ststements show the current state of the fInanS vthich the Trustees consider to be satisfactory at the year end reporting date. The Charity's Bankers are National Westminster Bank Plc. The Charity's Solicitors are Knights Plc, Friar Lane, Nottingham. The Independent Examiner is Mr I Stokes, Grantham, Lincolnshire. ON BEHALF OF THE BOARD OF TRUSTEES E MILLER CHAIRMAN
THE OLIVER HIND CLUB NOTES TO THE ACCOUNTS 31ST DECEMBER 2023 ACCOUNTING POLICIES The financial statements have been prepared under the historical cost convention and in accordance wth the Statement of Recommended Practi, Accounting and Reporting by Charities (SORP 2005) and apICable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are as follows:_ Incomln Resources Donatlons and Grants Income from donations and grants is included in incoming resources when these are receivable except when donors specify that donations and grants are for particular restricted purposes. Income is included in incoming resources of restricted funds when r1vable. INVESTMENTS Charities Officlal Investment Fund Market Value 2022 Market Movement 2023 Market Value 2023 2,998 Income Shares 1,069.23 Accumulakn'on Shares 43,758 235,778 16,737 29,391 60.495 265.169 279,536 46,128 325,664 Following the move of the Club premises from Dakeyne Street, Nottingham to Edale Road, Nottingham, and the long lease granted on the premises by the Local Authority, the Charity Commissioners instigated the purchase of the investments, as held. to ensure (a) a fund for the Continuan of the Club when the lease ran OLrt and (b) income towards the maintenance of the Club for Its day to day expenses.
THE OLIVER HIND CLUB INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 Note INCOMING RESOURCES INCOME FOR THE YEAR Grants from Nottingham City Council towards:_ Running and Maintenance Costs Other lftcome: Hire of Premises Coffee Bar Income Net Boys and Girls Subscriptions Donations Income from Investments Bank Interest Received 20,618 10,883 13,600 2,756 125 9,445 2,745 25 TOTAL INCOMING RESOURCES 37,099 23,098 Less: Resources Expenses per Schedule 33,567 23,186 NET INCOMINGI (OUTGOING) RESOURCES FOR THE YEAR 3,530 (88) Unrestricted Fund Balan brought forward 21,018 21,106 Unrestricted Fund Balance carried forward RESOURCES EXPENDED FOR THE YEAR Wages and National Insurance Insurance Telephone Ground Rent Water Electricity Gas Printing, Stationery and Postages Premises Cleaning and Materials Repairs and Renewals Indoor and Outdoor Recreation 24,548 21,018 7,807 5,839 8,837 4.155 1,650 2,264 4.562 1,674 1,480 2,447 1,983 9,327 150 33,567 942 3,496 150 23,186
THE OLIVER HIND CLUB BALANCE SHEET AS AT 31ST DECEMBER 2023 2023 2022 Note FIXED ASSETS Leasehold Club, Buildings Edale Road, Nottingham at Cost Investments 24.904 24,904 308,189 279,536 333,093 304,440 CURRENT ASSETS Debtors and Payments in Advance Cash at Bank and in Hand 1,732 17,612 1,336 17,135 19,344 18,471 LESS CURRENT LIABILITIES Sundry Creditors and Accrued Charges 19,700 22,355 NET CURRENT (LIABILITIES)IASSETS (356) (3,886) NET ASSETS 332,737 300,554 Represented by: Unrestricted Fund Restricted Fund 24,548 308,189 332,737 21,018 279,536 300,554