Charity registration number: 522334
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Annual Report and Financial Statements for the Year Ended 31 July 2023
Community Accounting Plus Unit 1 and 2 North West 41 Talbot Street Nottingham NG1 5GL
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 to 8 |
| Balance Sheet | 9 |
| Cash Flow Statement | 10 |
| Notes to the Financial Statements | 11 to 23 |
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Reference and Administrative Details
Trustees Rt Rev Patrick Joseph McKinney Yvonne May Pauline Lynch Pauline Payne Peter Giorgio David Lawes Greg Howell Jacqueline O'Brien Andrew Muldoon Senior Management Team Erin Doughty, Director Charity Registration Number 522334 Principal Office The Briars Residential Centre Briars lane Crich Matlock Derbyshire DE4 5BW Independent Examiner John O'Brien, employee of Community Accounting Plus Unit 1 and 2 North West 41 Talbot Street Nottingham NG1 5GL Accountants Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL Bankers HSBC Church Street Ripley Derbyshire DE5 3BY
Page 1
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 July 2023.
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Rt Rev Patrick Joseph McKinney Yvonne May Pauline Lynch Pauline Payne Peter Giorgio David Lawes Greg Howell (appointed 13 May 2023) Jacqueline O'Brien (appointed 13 May 2023) Andrew Muldoon (appointed 13 May 2023) Rev Joseph Wheat (resigned 7 August 2023) Matt Ralfe (resigned 14 July 2023) Clare Alderson (resigned 24 August 2023)
Structure, governance and management
Nature of governing document
The charity is governed by the original Trust Deed of 2nd April 1969 as amended 9th May 2021. The structure of the charity is detailed in the Constitution and composition of the NDCYS; Board of Trustees, Management Committee and sub-committees’ of 9th May 2008 which outlines the responsibilities of the Trustees and Management Committee.
Recruitment and appointment of trustees
All trustees give their time voluntarily and receive no benefits from the charity. Trustees are recruited by invitation from the Bishop, The Chair and the Trustees. They aim to reflect the diversity of the Charity and contain a broad skill mix with, Primary Schools, Secondary Schools, Parishes, Youth Work, Finance and Clergy all represented.
Organisational structure
The day to day running of the charity is by the Director with the assistance of the Finance Manager, Operational Director and the Programme Director. Spending of £5,000 or more must go to the Finance Trustees for approval.
The Charity Trustees have three Sub committees: Finance Committee; Youth Ministry and Outreach Committee; Pay and Remuneration Committee. Performance criteria are set and reviewed for the Director by the Trustees and by the Director for the other management team.
Page 2
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Trustees' Report (continued)
Objectives and activities
Objects and aims
The principal objects of the charity are helping and educating young people through their leisure time activities so as to develop their physical, mental, moral and spiritual activities and capacities, that they may grow to full maturity as persons and members of society and that their conditions of life may be improved.
The principal activities which achieve the objectives include: The provision of residential educational stays;
The provision of outreach and youth ministry, that supports young people wherever they are this includes digital contact;
The provision of residential retreats and catechesis;
Advice, resourcing and training for youth ministry in the Diocese of Nottingham is provided according to need and demand.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Objectives, strategies and activities
During the period, the charity has
-
Provided residential educational stays for over 3,500 young people;
-
Provided residential retreats and catechesis for over 100 young people;
-
Resourced and facilitated National Youth Fun Day the Friday before National Youth Sunday. Where over
-
15,000 young people joined us online for fun, education and prayer;
-
Provided advice, resourcing and training for chaplaincy teams, adults youth workers and young leaders throughout the Diocese of Nottingham;
-
Worked with young people in their homes through digital media;
-
Worked with CAFOD promoting the work of social justice;
-
Continued with an online presence and output to further support the work of the charity, through the Charity's website, Youtube channel, Twitter and Instagram accounts;
-
Delivered the Faith in Action Award;
-
Provided online resources for youth workers, chaplains and teachers around the UK.
Page 3
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Trustees' Report (continued)
The opportunities provided by the charity are designed to educate the young people and encourage them to grow into mature members of society; to recognise their responsibility to make a positive contribution to society and to have regard for all people.
These activities benefit the public by educating young people and providing opportunities for them to develop spiritually, morally, socially, mentally and physically by the provision of educational in residential, as well as digital educational resources, discussion forums, prayer times and reflections. These young people are from communities throughout the East Midlands and increasingly further afield. They are aged between 9 - 23 years and come from a variety of socio-economic backgrounds, from Catholic institutions and schools, other Christian schools and groups and organisations with no religious affiliation.
The principal activities are overseen by a team of employed, qualified youth work practitioners and a team of trained full-time volunteer youth workers. These volunteers live and work in the community based at The Briars Catholic Youth Retreat Centre for a year. Some also remain for a second year. The training and care provided for these volunteers is a major task of the charity.
Care is taken to ensure that whilst much of the charity's activities are of a Catholic, faith based nature, these activities are accessible to all young people who wish to access them. Many of the activities and learning which takes place relates to national educational curriculum criteria. The service also provides advice, training and resources for chaplaincy teams throughout the East Midlands, helping them develop their work and serve young people better. This includes providing placements for work experience students and undergraduate students studying youth and community work.
The charity works with various other organisations and contributes to their work. These include other Catholic organisations such as Nottingham Diocesan Education Service, Nottingham Diocese Safeguarding of Children and Vulnerable Adults Commission, CAFOD, CYMFed, Nottingham Diocese, YMT Hexham and Newcastle Diocese, Portsmouth Diocese and some individual parishes.
Financial review
Policy on reserves
The charity aims to maintain unrestricted funds at a level which equates to 3 months unrestricted expenditure. This provides sufficient funds to cover management, administration and support cost. Currently this is not the case, but this follows increased costs of the development and unforeseen international financial turmoil and price rises.
Page 4
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Statement of Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees of the charity on 17 April 2024 and signed on its behalf by:
.........................................
Rt Rev Patrick Joseph McKinney Trustee
Page 5
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Independent Examiner's Report to the trustees of Nottingham Roman Catholic Diocesan Youth Service
Independent examiner’s report to the trustees of Nottingham Roman Catholic Diocesan Youth Service
I report to the trustees on my examination of the accounts of Nottingham Roman Catholic Diocesan Youth Service (the Charity) for the year ended 31 July 2023.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe 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 accounting requirements concerning the form and content of accounts set 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 examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... John O’Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Unit 1 and 2 North West 41 Talbot Street Nottingham NG1 5GL
17 April 2024
Page 6
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Statement of Financial Activities for the Year Ended 31 July 2023
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 5 Other income 6 Total Income Expenditure on: Charitable activities 7 Other expenditure 8 Total Expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 |
Unrestricted £ 109,419 498,667 406 72,680 681,172 (776,013) (30,964) (806,977) (125,805) 1,838,439 1,712,634 |
Total 2023 £ 109,419 498,667 406 72,680 681,172 (776,013) (30,964) (806,977) (125,805) 1,838,439 1,712,634 |
Total 2022 £ 111,885 413,578 549 52,394 |
|---|---|---|---|
| 578,406 | |||
| (658,940) (24,558) |
|||
| (683,498) | |||
| (105,092) 1,943,531 |
|||
| 1,838,439 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 17.
The notes on pages 11 to 23 form an integral part of these financial statements. Page 7
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Statement of Financial Activities for the Year Ended 31 July 2023 (continued)
These are the figures for the previous accounting period and are included for comparative purposes
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 3 Investment income 5 Other income 6 Total Income Expenditure on: Charitable activities 7 Other expenditure 8 Total Expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 |
Unrestricted £ 111,885 371,078 549 52,394 535,906 (614,568) (24,558) (639,126) (103,220) 1,941,659 1,838,439 |
Restricted £ - 42,500 - - 42,500 (44,372) - (44,372) (1,872) 1,872 - |
Total 2022 £ 111,885 413,578 549 52,394 |
|---|---|---|---|
| 578,406 | |||
| (658,940) (24,558) |
|||
| (683,498) | |||
| (105,092) 1,943,531 |
|||
| 1,838,439 |
The notes on pages 11 to 23 form an integral part of these financial statements. Page 8
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
(Registration number: 522334) Balance Sheet as at 31 July 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible assets | 11 | 2,307,969 | 2,381,281 |
| Investments | 24 | 10,000 | - |
| 2,317,969 | 2,381,281 | ||
| Current assets | |||
| Debtors | 12 | 66,639 | 58,850 |
| Cash at bank and in hand | 13 | 57,330 | 187,164 |
| 123,969 | 246,014 | ||
| Creditors: Amounts falling due within one year | 14 | (223,630) | (229,106) |
| Net current (liabilities)/assets | (99,661) | 16,908 | |
| Total assets less current liabilities | 2,218,308 | 2,398,189 | |
| Creditors: Amounts falling due after more than one year | 15 | (505,674) | (559,750) |
| Net assets | 1,712,634 | 1,838,439 | |
| Funds of the charity: | |||
| Unrestricted income funds | |||
| Unrestricted funds | 1,712,634 | 1,838,439 | |
| Total funds | 17 | 1,712,634 | 1,838,439 |
The financial statements on pages 7 to 23 were approved by the trustees, and authorised for issue on 17 April 2024 and signed on their behalf by:
......................................... Yvonne May Trustee
The notes on pages 11 to 23 form an integral part of these financial statements. Page 9
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Cash Flow Statement for the Year Ended 31 July 2023
| Note Cash flows from operating activities Net cash expenditure Adjustments to cash flows from non-cash items Depreciation 8 Investment income 5 Working capital adjustments (Increase)/decrease in debtors 12 Increase in creditors 14 (Decrease)/increase in deferred income 15 Net cash flows from operating activities Cash flows from investing activities Interest receivable and similar income 5 Purchase of tangible fixed assets 11 Sale of tangible fixed assets Acquisition of investments in subsidiary undertakings 24 Net cash flows from investing activities Cash flows from financing activities Repayment of loans and borrowings 14 Net decrease in cash and cash equivalents Cash and cash equivalents at 1 August Cash and cash equivalents at 31 July Reconciliation of net cash flow to movement in net funds Decrease in cash Net funds at 1 August 2022 Net funds at 31 July 2023 |
2023 £ (125,805) 72,363 (406) (53,848) (7,789) 821 (6,297) (67,113) 406 - 949 (10,000) (8,645) (54,076) (129,834) 187,164 57,330 (129,834) 187,164 57,330 |
2022 £ (105,092) 58,514 (549) |
|---|---|---|
| (47,127) 24,380 50,780 63,914 |
||
| 91,947 | ||
| 549 (707,964) - - |
||
| (707,415) (33,250) |
||
| (648,718) 835,882 |
||
| 187,164 | ||
| (648,718) 835,882 |
||
| 187,164 |
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 11 to 23 form an integral part of these financial statements. Page 10
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Nottingham Roman Catholic Diocesan Youth Service meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Page 11
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Land & buildings | 2% straight line |
| Furniture & equipment | 10% reducing balance |
| Motor vehicles | 25% reducing balance |
| Computer equipment | 33% reducing balance |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Page 12
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.
Page 13
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
2 Income from donations and legacies
| Donations and legacies; Donations from individuals Grants, including capital grants; Grants from other charities |
Unrestricted funds General £ 9,419 100,000 109,419 |
Total 2023 £ 9,419 100,000 109,419 |
Total 2022 £ 13,385 98,500 |
|---|---|---|---|
| 111,885 |
3 Income from charitable activities
| Fee income Tuckshop & bar income Grants & donations Activities |
Unrestricted funds General £ 471,431 21,690 - 5,546 498,667 |
Total 2023 £ 471,431 21,690 - 5,546 498,667 |
Total 2022 £ 354,012 19,066 40,500 - |
|---|---|---|---|
| 413,578 |
Page 14
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
4 Grants and donations
| Nottingham Roman Catholic Diocesan Trustees CSJP Sundry donations 5 Investment income Interest receivable and similar income; Interest receivable on bank deposits 6 Other income Rental income Gains on sale of tangible fixed assets for charity's own use Other income |
Unrestricted funds General £ 406 Unrestricted General £ 71,568 717 395 72,680 |
Unrestricted funds £ 95,000 5,000 9,419 109,419 Total 2023 £ 406 Total 2023 £ 71,568 717 395 72,680 |
Total funds £ 95,000 5,000 9,419 |
|---|---|---|---|
| 109,419 | |||
| Total 2022 £ 549 |
|||
| Total 2022 £ 51,363 - 1,031 |
|||
| 52,394 |
Page 15
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
7 Expenditure on charitable activities
| CAFOD Bank fees Bar expenses Chaplain & diocesan costs Depreciation expense Covid expenses Development and building costs Food Housekeeping Loan interest payments Lease agreements Legal, HR & professional fees Office expenses Repairs and maintenance Service provision Sundry Training Tuck shop expenses Utilities & insurance Vehicle expense Wages allowances Recruitment |
Unrestricted funds General £ - 928 3,718 6,779 72,363 - 10,082 76,505 14,494 12,368 1,008 20,682 9,680 10,522 34,226 3,532 3,952 11,755 62,943 5,553 414,379 544 776,013 |
Total 2023 £ - 928 3,718 6,779 72,363 - 10,082 76,505 14,494 12,368 1,008 20,682 9,680 10,522 34,226 3,532 3,952 11,755 62,943 5,553 414,379 544 776,013 |
Total 2022 £ 377 602 2,086 9,052 58,514 50 - 70,832 13,588 - 1,573 16,500 9,901 22,596 23,733 2,610 2,938 18,196 34,742 5,236 365,814 - |
|---|---|---|---|
| 658,940 |
Page 16
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
8 Other expenditure
| Bungalow expenditure 9 Net incoming/outgoing resources Net outgoing resources for the year include: Depreciation of fixed assets 10 Staff costs The aggregate payroll costs were as follows: Staff costs during the year were: Wages and salaries Social security costs Pension costs |
Unrestricted General £ 30,964 30,964 |
Total 2023 £ 30,964 30,964 2023 £ 72,363 2023 £ 377,456 21,917 15,006 414,379 |
Total 2022 £ 24,558 |
|---|---|---|---|
| 24,558 | |||
| 2022 £ 58,514 |
|||
| 2022 £ 324,693 28,269 12,852 |
|||
| 365,814 |
Page 17
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
Number of employees
| 2023 | 2022 | ||
|---|---|---|---|
| No | No | ||
| 26 | 22 |
20 (2022 - 13) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £15,006 (2022 - £12,852).
No employee received emoluments of more than £60,000 during the year
The total employee benefits of the key management personnel of the charity were £126,640 (2022 - £144,736).
11 Tangible fixed assets
| Cost At 1 August 2022 Disposals At 31 July 2023 Depreciation At 1 August 2022 Charge for the year Eliminated on disposals At 31 July 2023 Net book value At 31 July 2023 At 31 July 2022 |
Land and buildings £ 3,052,249 - 3,052,249 741,402 49,353 - 790,755 2,261,494 2,310,847 |
Furniture and equipment £ 278,184 - 278,184 212,370 21,938 - 234,308 43,876 65,814 |
Motor vehicles £ 7,735 (4,495) 3,240 4,963 456 (3,546) 1,873 1,367 2,772 |
Computer equipment £ 10,662 - 10,662 8,814 616 - 9,430 1,232 1,848 |
Total £ 3,348,830 (4,495) |
|---|---|---|---|---|---|
| 3,344,335 | |||||
| 967,549 72,363 (3,546) |
|||||
| 1,036,366 | |||||
| 2,307,969 | |||||
| 2,381,281 |
Page 18
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
12 Debtors
| Trade debtors Prepayments 13 Cash and cash equivalents Cash on hand Cash at bank |
2023 £ 63,941 2,698 66,639 2023 £ 3,402 53,928 57,330 |
2022 £ 57,043 1,807 |
|---|---|---|
| 58,850 | ||
| 2022 £ 3,546 183,618 |
||
| 187,164 |
14 Creditors: amounts falling due within one year
| 14 Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Other loans Due to group undertakings Other taxation and social security Other creditors Accruals Deferred income |
2023 £ 22,594 57,000 4,264 29,173 15,036 - 95,563 223,630 |
2022 £ 32,172 57,000 - 32,895 4,342 837 101,860 |
| 229,106 |
Other borrowings
Loan from the Diocese with a carrying amount of £562,674 (2022 - £616,750) is denominated in Sterling with a nominal interest rate of Base plus 2% (2022 - Base plus 2%). The final instalment is due on 30 June 2034.
Repayable over 12 years, starting January 2022
15 Creditors: amounts falling due after one year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Other loans | 505,674 | 559,750 |
Page 19
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
16 Obligations under leases and hire purchase contracts
| Other Within one year Between one and five years 17 Funds Unrestricted funds General General fund Other Revaluation Reserve Total funds |
Balance at 1 August 2022 £ 964,318 874,121 874,121 1,838,439 |
Incoming resources £ 681,172 - - 681,172 |
2023 £ 1,162 1,162 2,324 Resources expended £ (788,806) (18,171) (18,171) (806,977) |
2022 £ 1,162 2,323 |
|---|---|---|---|---|
| 3,485 | ||||
| Balance at 31 July 2023 £ 856,684 855,950 |
||||
| 855,950 | ||||
| 1,712,634 |
Page 20
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
| Unrestricted funds General General fund Other Revaluation Reserve Total unrestricted funds Restricted The Digital fund Sponsor a Room Fund Total restricted funds Total funds |
Balance at 1 August 2021 £ 1,037,193 904,466 904,466 1,941,659 - 1,872 1,872 1,943,531 |
Incoming resources £ 535,906 - - 535,906 42,500 - 42,500 578,406 |
Resources expended £ (608,781) (30,345) (30,345) (639,126) (42,500) (1,872) (44,372) (683,498) |
Balance at 31 July 2022 £ 964,318 874,121 |
|---|---|---|---|---|
| 874,121 | ||||
| 1,838,439 | ||||
| - - |
||||
| - | ||||
| 1,838,439 |
The specific purposes for which the funds are to be applied are as follows:
The Sponsor a Room fund was to raise funds to improve residential rooms at the Centre; The Digital fund was to provide online youth services.
18 Analysis of net assets between funds
Unrestricted
| Unrestricted | |||
|---|---|---|---|
| Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over 1 year Total net assets |
General £ 2,307,969 10,000 123,969 (223,630) (505,674) 1,712,634 |
Restricted £ - - - - - - |
2023 Total funds £ 2,307,969 10,000 123,969 (223,630) (505,674) |
| 1,712,634 |
Page 21
Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
| Tangible fixed assets Current assets Current liabilities Creditors over 1 year Total net assets |
Unrestricted General £ 2,381,281 246,014 (229,106) (559,750) 1,838,439 |
Restricted £ - - - - - |
2022 Total funds £ 2,381,281 246,014 (229,106) (559,750) |
|---|---|---|---|
| 1,838,439 |
19 Related party transactions
During the year the charity made the following related party transactions:
The Right Reverend Patrick McKinney
During this period, the charity received support totalling £95,000 (2022: £95,000) from Nottingham Roman Catholic Diocesan Trustees. In 2021 the charity also received a loan of £650,000 from the Diocese repayable over 12 years at an interest rate of Base plus 2%. The Right Reverend Patrick McKinney is also a trustee of this connected charity.
At the balance sheet date the amount due to/from The Right Reverend Patrick McKinney was £Nil (2022 - £Nil).
20 Benefits in kind
During the period the charity benefited from rent free use of accommodation owned by Nottingham Roman Catholic Diocesan Trustees to the notional value of £32,000 (2022: £32,000).
21 Taxation
The charity is a registered charity and is therefore exempt from taxation.
22 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
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Nottingham Roman Catholic Diocesan Youth Service
known as The Briars
Notes to the Financial Statements for the Year Ended 31 July 2023 (continued)
23 Independent examiner's fees
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
| Independent examination | 2023 £ 1,750 1,750 |
2022 £ 1,650 |
|---|---|---|
| 1,650 |
24 Fixed asset investments
Shares in group undertakings and participating interests
| Cost Additions At 31 July 2023 Net book value At 31 July 2023 |
Subsidiary undertakings £ 10,000 10,000 10,000 |
Total £ 10,000 |
|---|---|---|
| 10,000 | ||
| 10,000 |
Details of undertakings
Details of the investments in which the charity holds 20% or more of the nominal value of any class of share capital are as follows:
| Country of | Proportion of voting rights | Principal | ||
|---|---|---|---|---|
| Undertaking | incorporation | Holding | and shares held | activity |
| 2023 2022 |
||||
| Subsidiary undertakings | ||||
| NDCYS Trading Limited | England & Wales | 10000 Ordinary Shares of £1 each |
100% 0% |
the provision of holiday accommodation |
The profit for the financial period of NDCYS Trading Limited was £3,322 (2022 - £Nil) and the aggregate amount of capital and reserves at the end of the period was £13,322 (2022 - £Nil).
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