STONEHOUSE GANG REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Chari No. 522888 UHY HACKER YOUNG (BIRMINGHAM) LLP Birmingham Bl 3ND
STONEHOUSE GANG INDEX Page LEGAL AND ADMINISTRATIVE INFORMATION REPORT OF THE TRUSTEES 24 REPORT OF THE INDEPENDENT EXAMtNER STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET ACCOUNTING POLICIES NOTES TO THE FINANCIAL STATEMENTS 9-12
STONEHOUSE GANG LEGAL AND ADMINISTRATIVE INFORMATION REGISTERED CHARITY NO. 522888 Members of the General Council Mark Rushbrooke (Chair) John Saville (President) Peter Harvey (Trustee) Ellie Furness (Trustee) John Lines (Trustee) Nicholas Hall (Trustee) Paul White (Trustee) Dr Andrew Hardie (Trustee) Randel Brew (Trustee) Laura Reynolds (Trustee) Lynda Roan (Trustee) Deborah Harvey (Trustee) Ken Shipway (Trustee) Paul PIathauer (Trustee) Daniel Kilbride (Trustee) Emmon I<hatmian (Trustee) Kerry Brewer (Trustee) Karen Clift (Trustee) Trustees of the Gangs Freehold Property at Trevor Paul Franklin Ty cae& Ffynnon Glynydd, Glasbury, Paul Leslie White Hereford HR3 SLU Maxwell Mark Rushbrooke Secretary: Ken Shipway 90192 Burnel Road Selly Oak Birmingham B29 SSN HSBC Bank PIC PO Box 68 130 New Street, Birmingham B2 4JU UFff Hacker Young (Birmingham) LLP 9 - 11 Vittoria Street, Birminsham, Bl 3ND EFG Harris Allday, Church Mews Ombersley, Worcester WR9 OEW Principal Office: Bankers: Independent Examiners: Investment Advisers..
STONEHOUSE GANG REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report along with the financial statements of the Charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out on page 8 and comply with the Charity's constitution and applicable law. Constitution and Objects Stonehouse Gang (The Gang) was founded by the late Mr Harry H. Webb and is currently governed by a formal reviewed Constitution which was adopted on 21 September 2006. The Constitution provides that the management of The Gang shall be the sole responsibility of the General CounciI and accordingly members of the General Council are automatically appointed as Trustees of The Gang under the provisions of the Charities Act 2011. The objects of The Gang are to operate a voluntary Youth Club with all appropriate resources. Organisation The Trnstees who have served during the year are set out on page l. The Constitution provides that members of the Council are divided into two classes. Ordina members consisting of.. (i) A maximum of four representatives of the adult voluntary leaders (u) One representative of the following groups: The Stoneage Group The Ty Carreg Committee The Senior Citizens (iii) The President, the Chairman, the Vice-chairnian and the Secretary of The Gang being the Honorary Officers (iv) Elected members not exceeding eleven who shall, from time to time, be elected by the General Council. Properties The Gang holds two properties, namely a Leasehold Property, 90192 Burnel Road, Selly Oak, Birniingham B29 SSN, and a FreehoId Property, Ty Carreg, Ffynnon Glynydd, Glasbury, Hereford HR3 SLU. Both properties are vested in the names of separate Trustees. The Funds of the Gans The monies and investments of The Gang represent Endowed, Restricted and Unrestricted ftmds and the capital and income there from is to be used solely for the objects of The Gang. Review of the Actsvitie5 of the Gang 2023124 We are pleased to report another successful year for the Stonehouse Gang with a full range of activities and good attendance. Weekday club nights were busy Monday to Friday, with attendances returning to pre-COVID levels. In addition to routine club nights for different age groups, we rnn a weekly swim8 club, roller skatin& a ten-week boxing programme, break dancin& and two regular dance groups. We have also had issue- driven workshops organised by Aquarius and Sudden Productions. Thanks to the Neighbourhood Police ftuid, we have continued providing free food for some hungry children.
STONEHOUSE GANG REPORT OF THE TRUSTEES {cont.) FOR THE YEAR ENDED 31 MARCH 2024 Review of the Activities of the Gang 2023124 (cont'd) OL Duke of Edinburgh programme on Thursday evenings has been fully subscribed again, and we organised four weekend expedition practice weekends and final expedition tests for Gold, Silver, and Bronze teams. Twenty-one members achieved D of E awards durin% the year. Ty Carreg, our outdoor activities centre near Glasbury on Wye, was well used by the Gang, with two Junior weekends, two Interniediate weekends, a Senior weekend, and a full-week residential as well. Usage by other youth groups has still not been as htgh as we hoped due to a drop in funding by local authorities. Thanks to help frorn HAF, we ran 5 full weeks of our Holiday Scheme during school holidays at minimal cost to parents, and all were fully subscribed. The Mums and Toddlers group has continued, and our Pensioners club, which meets on Wednesday afternoons, has attracted new faces. Our Duke of Edinburgh candidates and some of our volunteers brilliantly provided the Pensioners Christmas party. Our leadership team has been stretched because our deputy leader, Claire, was completing her degree course at Newman ColIege, and the course demands in her last year signth'cantly increased. In July 2024, she completed her course and obtained a first-class degree. It is a tribute to her hard work and commitment that she has been able to carry out the face-to-face part of her duties at the Gang while completing her degree. Our Leader, Rob, and many volunteers have invested a lot of extra time to ensure the club runs smoothlv whilst Claire was awav studvino. Volunteer training has resulted in 2 Youth Work Level 2 awards and 2 Swim Teacher awards. Financial Review Financially, the Gang ended the year in a much better situation. Thanks to some significant grants, we registered an unrestricted surylus of £54,200. While this is exceptional it only makes up for the large deficits of £26,000 in 2023 and £22,000 in 2022. We are incredibly grateful to the Bernard Sunley Trust and the George Fentham Trust for funding major roof repairs at our clubhouse and to the William Cadbury Trust and the Postcode Lottery for major donations. We were amazed and honoured to be granted a donation of £35,000 from "Oliver 68" a Midlands charity which provided holiday stays to underprivileged young people. Sadly it had to close and distribute its assets to other charities. This amount has been placed in our Restricted Funds and will be used to support our residential stays at Ty Carreg and subsidise other Midland youth organisations who wish to use our facilities there. We received a generous grant from the CLA charity fund to extend our shower block at Ty CarTeg, which wilI make a big improvement there. We also received a significant grant from the government's "cost of living ftmd" to help with our nmning costs and increased utility bills during the year.
STONEHOUSE GANG REPORT OF THE TRUSTEES (cont.) FOR THE YEAR ENDED 31 MARCH 2024 Financial Review (cont'd) As always, we are incredibly gratefill for the ftmding we receive from the Roger and Douglas Turner Trust, the Eveson Trust and the Baron Davenport Trust, all of them have been long-time supporters of the Gang. Without their generous support and the support of many others, we would not be able to carry out our entire programme. In addition to these generous donations, Gang members have worked hard to raise money, including summer and Christmas fayres, which raised over £IOOO. A very well-attended reunion of old Gang members also raised over £IOOO and provided a defibrillator for Ty Carreg. As we spend no money on fundraisin& anyone supporting the Gang knows that every penny given goes to the Gangs work with young people. Reserves Policy Some years ago the Gang raised money in a 70th Year Appeal to provide some reserves that could be used in the short terni to cover a shortfall in donations. It is the Trustees policy to add to this fund if possible but also to use it if cash is needed. At the year end the fimd was £53,492 but some if that will be needed to support the Gang in the current year. Public Benefit Statement The Gang is a community based youth club with an admission policy that ensures that it is open to all young people. The objects of the Gang as set out in the Constitution are ' ..to help and educate boys and girls through their leisure time activities, to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society.... The Gangs activities are 8eared to achieving these objects and indude playing a fully involved role in the local community from supporting the very young to the most elderly. Statement of the responsibilities of Members of the Council Charity Law requires members of the Council (in their capacity as Trustees) to prepare finanaal statements for each financial year which give a true and fair view of the state of affairs 0£ The Gang and of its incoming Tesources and the application of those resources for that year. In preparing those financial statements the Trustees are required to: (a) Select suitable accounting policies and apply them consistently (b) Make judgements and estiniates that are reasonable and prudent (c) State whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements (d) Act in accordance with the tenns of the Constitution of The Gans (e) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that The members of the General Council are responsible for keeping proper accounting records which accurately disclose at any tinie the financial position of The Gang. Members of the General Council are also responsible for safeguarding the assets of The Gang and for taking reasonable steps for the prevention and detection of fraud or other irregularities. Approved by Trustee5 on 21 November 2024 and signed on their behalf by: Mr M Rushbrooke - Chainnan
STONEHOUSE GANG INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STONEHOUSE GANG Respective responsibilities of trustees, and Examiner The trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is our responsibility to: examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b)) of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent examinerfs statement Our examination was carried out in accordance with general Directions given by the Charity Comniission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is lirnited to those matters set out in the statement below. Independent examiner's statement In the course of our exarnination, no matter has come to our attention: 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 concernins 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 OE 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. Malcolm Winston Relevant professional qualification and body: FCCA - Qualified Accountant UHY Hacker Young (Birniinghani) LLF, Statutory Auditor 9-11 Vittoria Street Birniingham BI 3ND 21 November 2024
STONEHOUSE GANG STATEMENT OF FINANCIAL ACTIvrriES FOR THE YEAR ENDED 31 MARCH 2024 Restricted Unrestricted Restricted Fixed Asset Endowed Note Funds Funds Funds Funds Total 2024 Total 2023 INCOMING RESOURCES Incoming resources from Voluntary Income Donations & Subscriptions Grants 44,994 79,097 35,250 15,000 80,244 94,097 21,806 30,500 Activities for generating funds Hire Fees Other Income 15,275 9,743 15,275 11,582 15,928 32,882 1,839 Investment Income 38.469 555 39,024 35,871 TOTAL INCOMING RESOURCES 187,578 52.089 555 240,222 136,987 RESOURCES EXPENDED Charitable Activities Wales Birmingham Charitable Expenditure Audit fee Management fee (Gain)/Loss on disposal io 10,426 113,639 6,433 2,880 960 11,386 127,190 10,977 2,880 4,275 {3,633) 13,515 110,774 19,346 2,760 io 10,000 4,544 3,551 li 4,275 (3,633) 3,623 TOTAL RESOURCES EXPENDED 133,378 14,544 4,511 642 153,075 150,018 NET INCOMINGI(oufGOING) RESOURCES 54,200 37.545 (4,511) (871 87,147 113.031) Transfers between funds 11,852 {11,852) Other Recognised Gains and Losses Investment gains and (losses) (12,871) (12,871) (107,178) NET MOVEMENT IN FUNDS IN YEAR 66,052 25,693 (411) 112,958) 74,276 (120,209) Fund Balances brousht forward 42,685 61,761 51,577 773,442 929,465 1,049,674 Fund Balances carried forward 108,737 87,454 47.066 760,484 1,003,741 929,465
STONEHOUSE GANG BALANCE SHEET AS AT 31 MARCH 2024 Total 2024 Total 2023 Note FIXED ASSETS Tangible Fixed Assets 47,066 51,5T7 Investments - Endowed Funds Investments - Restricted Funds 760,484 23,002 830552 773,442 23,002 848.021 CURRENf ASSETS Debtors Cash at Bank and in Hand 6,607 180,523 187,130 6,295 80,218 86,513 13 CURRENT LIABILITIES Amounts due within one year 13,941 5,069 NET CURRENT ASSETS 173.189 81,444 TOTAL ASSETS LESS CURRENT LIABILITIES 1.003,741 929,465 FUNDS Unrestricted Funds 108,737 42,685 Restricted Funds 87,454 61,761 Restricted Fixed Asset Fund 47,066 51,577 Endowed Funds 760,484 1,003,741 T/3,442 929,465 The financial statements on pages 6 to 12 were approved by the trustees and authorised for issue on 21 November and signed on their behalf by: Mr M Rushbrooke Chairnian
STONEHOUSE GANG ACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH 2024 Basis of Preparation The financial statements have been prepared in accordan with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities prepaTing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 - Charities SORP (FRS 102), the Financial Reporting StandaTd applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Going Concern The trustees assess whether the use of going concern is appropriate i.e. whether there are any material unceTtainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The trustees make this assessment in respect of a period of one yeaT from the date of approval of the financial statements. Recognition OE income These are included in the Statement of Financial Activities (SOFA) when: the charity becomes entitled to the resOurs. it is more likely than not that the trustees will re1ve the resources; the monetary value can be rneasured with suEEicient reliability. Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Government grants The charity ha5 received govemment grants in the reporting period. Investment Income Investment income is recorded gross and includes all such income to which The Gang is entitled within the accounting period. Support costs The charity has incurred expenditure on support costs. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Investment gains and losses Thi5 includes any reali5ed or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Depreciation Assets are depTeciated at a rate calcLdated to write off their value during their useful life as follows.. Freehold land and buildings 2 112% per annum on a reducing balance Motor Vehicles 25Yo per aruM cost Pensions Pensions are provided for in the year in which they are paid out. The Gamg provides a contributory occupational pension scheme for its Leaders. Investments Investment5 listed on a recognised Stod( Exchange, including investment and unit trusts, are stated at mid-market value. Net investment gains for the year, both realised and unrealised, are disclosed in the Statement of Financial Activities and adjusted against the specific fund.
STONEHOUSE GANG NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 I TANGIBLE FIXED ASSETS General Council Buildings Ty Carreg Buildinss Vehicles Total COST At l April 2023 Additions Disposals At 31 March 2024 35,945 7,890 74,926 118,761 35,945 7,890 74,926 118,761 DEPRECIATION At l April 2023 Disposals Charge for Year 24,870 5,772 36,542 67,184 3,498 53 960 4,511 At 31 March 2024 28,368 5,825 37,502 71,695 NET BOOK VALUES At 31 March 2024 7,577 2,065 37,424 47,066 At 31 Mardi 2023 11,075 2,118 38,384 51,577 CAPITAL COMMITMENTS 2024 2023 Authorised but not contracted for 2 FIXED ASSET INVESTMENTS Restricted/Other Funds 2024 2023 Valuation at l April Additions (Cost) Disposals (Proceeds) Realised gains/(losses) on valuation at 31 March Unrealised sainsl(losses) on valuation at 31 March Movement in Cash accounts at 31 March 796,444 907,246 56,753 55,960 {58,931) (57,079) 3,633 {3,623) {12,871) (106,131) (1,542) 71 Valuatton at 31 March 783,486 796A44 The valuation at 31 March comprises: Fixed interest UK equities Alternatives Commerical Property 109,481 92,139 483,403 471,858 119,163 161,141 69,283 67,608 781,330 792,746 2,156 3,698 783,486 796,444 Add.. Cash: UK Historical Cost The historical cost of the investments at 31 March was 821,445 772,453
io STONEHOUSE GANG NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 3 DEBTORS Prepayments and Accrued Income 6,607 6,607 6,295 6,295 4 CURRENT LIABILITIES Amounts due within one year: Accruals Other Creditors Deferred Income 13,560 381 3,793 416 860 13,941 Restricted Fixed Asset 5,069 Endowed 5 FUNDS Unrestricted At 1st April 2023 Incoming resources Resources Expended Transfer between funds 42,685 187,578 (133,378) 11,852 61,761 52,089 (14,544) (11,852) 87,454 51,577 773,442 555 (13,513) (4,511) At 31st March 2024 108,737 47,066 760,484 Analysis of Net Assets between funds Fixed Assets Net Current Assets 23,002 64,452 87,454 47,066 760,484 108,737 108,737 47,066 760,484 6 DONATIONS & SUBSCRIPTIONS 2024 2023 Donations (See Note 12) - Unrestricted - Restricted - Endowed 43,358 35,250 16,676 4,072 Subscriptions - Unrestricted 1,636 80,244 Total 2024 1,058 21,806 Total 202 7 GRANTS R tricted Government Grants Community Organisations Cost of Living Fund General Grants Baron Davenport Charity Trust Bernard Sunley Foundation CLAcf Funding Eveson Trust George Fentham Grantham Yorke Patrick Trust Postcode Lottery Roger and Douglas Turner Trust Sobell Foundation Other Grants 32,095 32,095 2,500 2,500 5,000 3,000 10,000 5,000 2,000 2,500 5,000 3,000 10,000 10,000 5,000 2,000 3,000 15,000 10,000 3,000 6,502 15,000 10,000 3,000 6,502 12,000 3,000 79,097 15,000 94,097 3000
li STONEHOUSE GANG NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 8 INVESTMENT INCOME 2024 Unrestricted Funds 2023 Endowed Unrestricted Endowed Funds Funds Funds Dividends and Interest from Investnients Bank and Deposit Interest Management Charge Gains/(Losses) on investments ReaIised - Unrealised 37,488 981 555 35,698 173 (4,275) 3,633 (12,871) (12,958) (3,623) (107,178) 1110,801) 38,469 35,871 9 STAFF COSTS 2024 2023 Wages & Salaries Social Security Costs Pension Costs 78,176 1,099 2,830 82,105 76,750 1,353 3,115 81,218 a. Higher Paid Staff No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. b. Key Management Personnel The key management personnel of the charity comprise the trustees as listed on page l. The total amount of employee benefits (includin8 employer pension contributions) Teceived by key management personnel for their services to the charitable company was £nil (2023: £nil). c. Average head count in the year The average number of persons (including key management personnel) employed by the charity during the year ended 31 March 2024 expressed as whole persons was as follows: 2024 2023 The parts of the charity in which the employees work Charitable Activities No No 10 RESOURCES EXPENDED Total 2024 Total 2023 B'ham Wales Staff Costs Rent and Rates Insurances Light and Heat Telephone, Postages & Office Expenses Printing, Stationery & Advertising Repairs and Renewals Sundry Expenses Bank Charges Motor and TraveIling Expenses Frogramming and Equipment Operating costs and Health and Safety Professional Fees Depreciation - Buildings Depreciation - Vehicles 82,105 874 3,295 6,926 2,406 283 10,724 226 297 10,116 3,671 1,897 819 53 3,498 127,190 82,105 2,938 3,295 10,607 2,406 283 13,959 226 297 10,116 3,671 81,218 3,744 3,244 7,164 1,295 3,681 3,235 6,173 536 311 9,693 3,606 2,636 716 1,038 2,915 124,289 1,446 819 1,013 3,498 138,576 960 IlJ86
12 STONEHOUSE GANG NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 11 Governance Costs 2024 2023 Independent examiner's fees 2,880 2,880 2,760 2,760 12 DONATIONS 2024 2023 Unrestricted donations include: J Saville Lord Mayor's Charity M Rushbrooke W Cadbury Other 9,050 2,280 3,000 20,000 9,028 43,358 5,000 5,000 15,748 25,748 Restricted donations incIude'. Oliver '68 Other donations 35,000 250 35,250 13 CASH AT BANK AND IN HAND 2024 2023 Cash at bank Pety cash 180,155 368 180,523 80,056 162 80,218 14 TRUSTEES REMUNERATION & EENsEs The trustees did not receive any remuneration nor claim any expenses during the year {2023 - £Nil). 15 RELATED PARTY TRANSACTIONS No related party transactions took place in the period of account.