THE OLIVER HIND CLUB ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 REGISTERED CHARITY 522276 THE OLIVER HIND CLUB ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 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 31 st De￿mber 2024 were:_ Mr Eric Miller Chainman Mr E Bolam Treasurer Mr R Howett, Mr D Littlehales, Mr P Jones, Ms P Clarke & Ms S Leadley The Secretary to the Trustees is Mrs Elaine Jones. The Trust Deed allows for up to nine Trustees to be appointed, the Trustees are permanent appointments. New Trustees are appointed by the existing Board of Trustees. The object of the Charity is to provide acttvities ft>r boys and girls 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 holds the Oliver Hind Club Campsite Realisation Fund, a restricted fund which may only be used for the specific purpose of acquiring a freehold or leasehold interest in altemative premises for the Oliver Hind Club, upon expiry of the lease of the Club's current premises. The Capital of this fund cannot be used for any other purpose, including investment in, or rnaintenance of, the Club's existing premises, nor may it be applied to meet the Club's routine operating costs. The income generated from the Fund is modest and, while the income may be applied to support the Club's general running costs. it does not cover the Club's overheads and provides no meaningful financial support for the Club's day to day activities. The Club buildings are currently on a long peppercom lease from the Local Authority and no current use value is placed on the buildings as rt is not anticipated that they will not be used for the activities of the Club in the foreseeable future. Finances The attached financial statements show the current state of the finances which 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, Nottingharn. The Independent Examiner is Mr I Stokes. Grantham, Lincolnshire. ON BEHALF OF THE BOARD OF TRUSTEES E MILLER CHAIRMAN THE OLIVER HIND CLUB INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 ST DECEMBER 2024 2024 2023 Note INCOMING RESOURCES INCOME FOR THE YEAR Grants from Nottingham City Council towards:_ Running and Maintenance Costs Other Income: Hire ot Premises Coffee Bar Income Net Boys and Girls Subscriptions Donations Income from Investments Bank Interest Received 23,eiUb 2U.6113 13.600 2,756 125 2,795 145 TOTII INCOMING RESOURCES 26.546 37.099 Less: Resources Expenses per Schedule 43.182 38.318 NET OUTGOING RESOURCES FOR THE YEAR (16,636) 19,799 (1,2191 21,018 Unrestricted Fund Balance brought forward Unrestricted Fund Balance carried fonMard 3,163 19.799 RESOURCES EXPENDED FOR THE YEAR Contracted Caretaking,Wages and National Insurance Insurance Telephone Ground Rent & Rates Wai'_ Electricity Gas Printing. Stationery and Postages Premises Cleaning and Materials pnpirs and Renewals •utdoor Recreation 11.536 5,537 7,807 5,839 478 8,691 2.942 4.852 1,650 2,264 4.562 3.515 5,463 168 1.964 14.077 150 THE OLIVER HIND CLUB BALANCE SHEET AS AT 31ST DECEMBER 2024 2024 2023 Note FIXED ASSETS Leasehold Club. Buildings Edale Road, Nottingham at Cost Investments 24.904 24,904 339,497 325,664 364,401 350.568 CURRENT ASSETS Debtors and Payments in Advance Cash at Bank and in Hand 4,547 9,315 1.732 17,612 13,862 19,344 LESS CURRENT LIABILITIES Sundry Creditors and Accrued Charges 35,603 24,449 NET CURRENT {LIABILITIESI (21.7411 {5,105) ..qkT 4SSETS 342,660 345,463 Represented by: Unrestricted Fund Restricted Fund 3.163 339,4g7 342,660 19,799 325,664 345,463 THE OLIVER HIND CLUB NOTES TO THE ACCOUNTS 31ST DECEMBER 2024 ACCOUNTING POLICIES The finanGial staternents have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities {SORP 2005) and applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are as follows:_ Incomin Resources Donations 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 restricled purposes. Incorne is included in incoming resources of restricted funds when receivable. INVESTMENTS Charities Off icial Investment Fund Market Value 2023 Market Movement 2023 Market Value 2024 2,998 Income Shai es 1,069.23 Accumulation Shares 60.495 265.169 1,344 13.489 60,839 278,658 325,664 14,833 339,497 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 continuance of the Club when the lease ran out and (b) income towards the maintenance of the Club for its day to day expenses.