**REGISTERED CHARITY NUMBER:**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **SEDBERGH YOUTH AND COMMUNITY CENTRE**
Shenward (Leeds) Limited Josephs Well, Suite 2C Hanover Walk Leeds West Yorkshire LS3 1AB
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Statement of Financial Position**||5||
|**Notes to the Financial Statements**|6|to|11|
|**Detailed Statement of Financial Activities**|12|to|13|
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's objects are to help educate, support and empower people of all ages and backgrounds their leisure time activities.
## **Public benefit**
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Having developed into a centre which the entire community use we aim to provide positive opportunities for all people in Bradford to participate in sporting, social, educational and cultural activities. Our purpose built centre consists of a main club room, kitchen, sensory room, gymnasium, large function room/dance studio, office space, main office and model railway room.
## **FINANCIAL REVIEW**
## **Financial position**
The net income for the year was £2,026, including net income of £702 on unrestricted funds and net income of £1,324 on restricted funds.
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £143,358. The trustees annually review the reserves policy to ensure it is in line with the needs of the charity. Three to six months running costs are kept as minimum to ensure continuity of service to groups using the centre. The trustees aim to hold reserves of at least £23,000 in the Barclays Community Account. The funds will be held to meet the following costs in the event of the closure of Sedbergh Youth and Community Centre:
All outstanding debts and creditors, salaries and redundancy payments. Additional payments, if necessary, will be made to this fund each financial year after a review of the above costs.
## **Going concern**
There are no material uncertainties so significant as to cast doubt over the ability of the charity to continue to operate as a going concern.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Club was established under a Trust Deed dated 11 October 1962 as amended 24 September 2014.
## **Recruitment and appointment of new trustees**
The trustees of the charity are appointed by the members at the AGM.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
## **Principal address**
Sedbergh Centre Huddersfield Road Bradford BD6 1DJ
Page 1
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **Trustees**
H M Buck Chair C N Towers Trustee Peter Cannon (Appointed 08/09/2022) Diane Marie Senior (Appointed 01/07/2022)
## **Independent Examiner**
Shenward (Leeds) Limited Josephs Well, Suite 2C Hanover Walk Leeds West Yorkshire LS3 1AB
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... H M Buck - Trustee
Page 2
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **Independent examiner's report to the trustees of Sedbergh Youth and Community Centre**
I report to the charity trustees on my examination of the accounts of Sedbergh Youth and Community Centre (the Trust) for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable 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.
Sherad Dewedi CA
Shenward (Leeds) Limited Josephs Well, Suite 2C Hanover Walk Leeds West Yorkshire LS3 1AB
Date: .............................................
Page 3
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
**----- Start of picture text -----**
2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 34,783 109,351 144,134 93,479
Other trading activities 2 8,075 - 8,075 22,293
Investment income 3 6,616 - 6,616 -
Total 49,474 109,351 158,825 115,772
EXPENDITURE ON
Other 48,772 108,027 156,799 107,188
NET INCOME 702 1,324 2,026 8,584
RECONCILIATION OF FUNDS
Total funds brought forward 152,502 30,392 182,894 174,310
TOTAL FUNDS CARRIED FORWARD 153,204 31,716 184,920 182,894
**----- End of picture text -----**
The notes form part of these financial statements
Page 4
## **SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **STATEMENT OF FINANCIAL POSITION 31 MARCH 2024**
**----- Start of picture text -----**
2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 40,157 - 40,157 48,533
Investments 7 1,405 - 1,405 1,405
-
41,562 41,562 49,938
CURRENT ASSETS
Debtors 8 - - - 16,640
Cash at bank and in hand 113,082 31,716 144,798 117,696
113,082 31,716 144,798 134,336
CREDITORS
Amounts falling due within one year 9 (1,440) - (1,440) (1,380)
NET CURRENT ASSETS 111,642 31,716 143,358 132,956
TOTAL ASSETS LESS CURRENT LIABILITIES 153,204 31,716 184,920 182,894
NET ASSETS 153,204 31,716 184,920 182,894
FUNDS 10
Unrestricted funds 153,204 152,502
Restricted funds 31,716 30,392
TOTAL FUNDS 184,920 182,894
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. H M Buck - Trustee
The notes form part of these financial statements
Page 5
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
## **Judgements and key sources of estimation uncertainty**
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Details of these judgements can be found in the accounting policies.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost Computer equipment - 33% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the income statement.
## Impairment of fixed assets
At each reporting end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. OTHER TRADING ACTIVITIES**
## **3.**
|Other income
**INVESTMENT INCOME**
Deposit account interest|2024
£
8,075
2024
£
6,616|2023
£
22,293
2023
£
-|
|---|---|---|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
26,594
Other trading activities
22,293
**Total**
48,887
**EXPENDITURE ON**
Other
53,236
**NET INCOME/(EXPENDITURE)**
(4,349)
**RECONCILIATION OF FUNDS**
Total funds brought forward
156,851
**TOTAL FUNDS CARRIED FORWARD**
152,502|Restricted
fund
£
66,885
-
66,885
53,952
12,933
17,459
30,392|Total
funds
£
93,479
22,293
115,772
107,188
8,584
174,310
182,894|
|---|---|---|
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continued...
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **6. TANGIBLE FIXED ASSETS**
|**6.**
**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|
|**COST**
At 1 April 2023 and 31 March 2024|Improvements
to
property
£
73,207|Computer
equipment
£
4,630|Totals
£
77,837|
|**DEPRECIATION**
At 1 April 2023
Charge for year|25,357
7,862|3,947
514|29,304
8,376|
|At 31 March 2024|33,219|4,461|37,680|
|**NET BOOK VALUE**
At 31 March 2024|39,988|169|40,157|
|At 31 March 2023|47,850|683|48,533|
|**7.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 April 2023 and 31 March 2024|||Unlisted
investments
£
1,405|
|**NET BOOK VALUE**
At 31 March 2024|||1,405|
|At 31 March 2023|||1,405|
|There were no investment assets outside the UK.
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments||2024
£
-|2023
£
16,640|
|**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors||2024
£
1,440|2023
£
1,380|
Page 8
continued...
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **10. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|At 1.4.23
£
152,502
30,392
182,894
Incoming
resources
£
49,474
109,351
158,825
At 1.4.22
£
156,851
17,459
174,310|Net
movement
At
in funds
31.3.24
£
£
702
153,204
1,324
31,716
2,026
184,920
Resources
Movement
expended
in funds
£
£
(48,772)
702
(108,027)
1,324
(156,799)
2,026
Net
movement
At
in funds
31.3.23
£
£
(4,349)
152,502
12,933
30,392
8,584
182,894|
|---|---|---|
Page 9
continued...
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **10. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
48,887
**Restricted funds**
Restricted
66,885
**TOTAL FUNDS**
115,772
A current year 12 months and prior year 12 months combined position is as follows:
At 1.4.22
£
**Unrestricted funds**
General fund
156,851
**Restricted funds**
Restricted
17,459
**TOTAL FUNDS**
174,310|Resources
Movement
expended
in funds
£
£
(53,236)
(4,349)
(53,952)
12,933
(107,188)
8,584
Net
movement
At
in funds
31.3.24
£
£
(3,647)
153,204
14,257
31,716
10,610
184,920|
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
98,361
176,236
274,597|Resources
Movement
expended
in funds
£
£
(102,008)
(3,647)
(161,979)
14,257
(263,987)
10,610|
|---|---|---|
Page 10
continued...
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 11
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
**----- Start of picture text -----**
2024 2023
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 144,134 93,479
Other trading activities
Other income 8,075 22,293
Investment income
-
Deposit account interest 6,616
Total incoming resources 158,825 115,772
EXPENDITURE
Other
Cafe 253 552
Equipment and materials 10,079 1,120
Hospitality 2,213 192
Subscriptions 50 -
12,595 1,864
Support costs
Management
Wages 88,785 61,982
Pensions 4,168 3,874
Insurance 4,046 3,570
Light and heat 6,281 6,857
Sundries 9,904 4,983
113,184 81,266
Finance
Bank charges 84 118
Improvements to property 7,862 7,321
Computer equipment 514 2,280
8,460 9,719
Information technology
Repairs and renewals 7,954 769
Cleaning 5,497 8,725
13,451 9,494
Governance costs
Accountancy and legal fees 1,440 1,571
Office expenses 7,669 3,274
9,109 4,845
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 12
**SEDBERGH YOUTH AND COMMUNITY CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
**----- Start of picture text -----**
2024 2023
£ £
Total resources expended 156,799 107,188
Net income 2,026 8,584
**----- End of picture text -----**
This page does not form part of the statutory financial statements
Page 13