Trustees’ Report year ending 31 March 2022
Review of the year’s activities
The pandemic continued to affect the Club, particularly at the start of the year but restrictions were eased in the summer and there was a gradual return to normality. Last year’s Friendship Project Grant was put to good use with the Club opening on Saturdays and in addition to the usual activities, the facilities were also opened up and put to good use for the Healthy Holiday scheme.
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 2022.
Review of the results for the year
The accounts report a surplus of £2987 (2021 surplus £21575). The KMC Friendship Project payment of £5265 which The Club received last year was spent this year but any potential deficit was offset by Government grants and the last of the furlough scheme. The Club’s finances remain sound with a healthy cash deposit balance of over £139000 and a satisfactory performance from its investments.
Proposed future activities and their financial impact
The Club is actively looking for funding to instal disabled access to the first floor gym via a lift and this is likely to be the major project of next year.
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 2022
2022 2021 £ £ Incoming Resources Subscriptions&Donations - 455 Investment Income 10479 10560 Bank Interest 792 1268 Boys’ & Girls’ Subscriptions 2397 - Profit on Canteen 5 - Car Park Income 13263 11100 Rental Income 16063 6676 Healthy Holidays Grant 4200 - Covid Grants (inc.furlough) 15583 28795 KMC Friendship Project - 5265 _ _ 62782 64119 Resources Expended Salaries,National Insurance &Pension Contributions 40682 34980 Rent,Rates & Insurance 2757 2016 Light & Heat 3946 4086 Repairs & Renewals 6561 736 Games,Sports & Club Activities 1600 157 Postage & Telephone 382 338 Cleaning & Incidental Expenses 1923 231 Healthy Holiday Costs 1944 - _ __ 59795 42544 ___ __ Net Incoming Resources 2987 21575 Unrealized (loss)/gain on Investments 22978 59053 Fund Balance brought forward at 1 April 2021 531924 451296 _ ____ Fund Balance at 31 March 2022 557889 531924
Balance Sheet At 31 March 2022 2022 2021 £ £ Fixed Assets Tangible Assets 52842 52842 Investments 371387 348409 _ __ 424229 401251 __ ___ Current Assets Stocks 150 150 Debtors 595 595 Bank Balance & Cash: General Account 139890 135552 _ _ 140635 136297 Creditors: amounts falling due within one year 6975 5624 _ _ Net Current Assets 133660 130673 _ ______ Net Assets 557889 531924
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 2022 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: 17/01/2022 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