Trustees’ Report year ending 31 March 2021
Review of the year’s activities
It has been a difficult year. The pandemic has meant that the Club has been closed for long periods, and when open it has been at much reduced capacity due to guidelines on social distancing.
There were no serious incidents or other matters relating to the Club which would be required to be reported to The Charities Commission in the year ending 31[st] March 2021.
Review of the results for the year
The accounts report a surplus of £21575 (2020 deficit £2719). The finances were helped by a KMC Friendship Project payment of £5265 which The Club will be putting to use when the situation returns to normal. Government grants and the furlough scheme ensured The Club’s finances remained sound, as did the recovery in financial markets. Given there was no further funding for the Central Stars, the cost of running the project no longer appears as a separate entry in the accounts.
Proposed future activities and their financial impact
The Club will continue to open whenever possible. Although there should be an improvement in rental and possibly car park income over the next two years, costs will also rise as The Club reopens and government support is withdrawn.
Preparation of accounts
The accounts have been prepared by the hon. Treasurer and presented in the same form as previous years.
Central Youth Club
Statement of financial activities For the year ended 31 March 2021
2021 2020 £ £ Incoming Resources Subscriptions&Donations 455 500 Investment Income 10560 10855 Bank Interest 1268 1236 Boys’ & Girls’ Subscriptions - 574 Profit on Canteen - 410 Car Park Income 11100 18815 Rental Income 6676 14469 Healthy Holidays Grant - 8306 Covid Grants (inc.furlough) 28795 - KMC Friendship Project 5265 - Central Stars net income from activities - 2571 _ _ 64119 57736 Resources Expended Salaries,National Insurance &Pension Contributions 34980 34375 Rent,Rates & Insurance 2016 3550 Light & Heat 4086 4303 Repairs & Renewals 736 5410 Games,Sports & Club Activities 157 394 Postage & Telephone 338 375 Cleaning & Incidental Expenses 231 843 Central Stars Wages - 7837 Healthy Holiday Costs - 3368 _ __ 42544 60455 ___ __ Net Incoming Resources 21575 (2719) Unrealized (loss)/gain on Investments 59053 (39882) Fund Balance brought forward at 1 April 2020 451296 493897 _ ____ Fund Balance at 31 March 2021 531924 451296
Balance Sheet
At 31 March 2021
2021 2020 £ £ Fixed Assets Tangible Assets 52842 52842 Investments 348409 264356 _ __ 401251 317198 __ ___ Current Assets Stocks 150 150 Debtors 595 994 Bank Balance & Cash: General Account 135552 138271 _ _ 136297 139415 Creditors: amounts falling due within one year 5624 5317 _ _ Net Current Assets 130673 134098 _ ______ Net Assets 531924 451296
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name Central Youth Club members of
On accounts for the year 31[st] March 2021 Charity no 523735 ended (if any) Set out on pages 1-3 (remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 03/ 2020 .
- Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report 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 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed: C O’Neill Date: 11/01/2021 Name: Relevant professional qualification(s) or body (if any):
Address: Herons Court[Manor Gardens ] Waburn Green HP10 0EA
October 2018
1
IER
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
October 2018
2
IER