Central Youth Club registered charity 523735 Trustees’ Report year ending 31 March 2023
Trustees
Ian Brierley - chair Michael Brook - treasurer Paul Joyce Peter Cole
Objectives of the charity The promotion of the mental, physical and spiritual well being of young people resident in Huddersfield and the adjoining districts.
Public benefit The trustees are satisfied that the Club is operating for the public benefit.
Review of the year’s activities
The Club has continued to operate its core activities of opening five evenings a week; three Open Access and two Central Stars SEND.
The Friendship Project that started in February 2022 ran until February 2023 with the Club opening on Saturdays.
The Club also ran the HAF Programme (Holiday Activities and Food).
In late 2022 the Club was awarded the maximum grant of £75,000 under KMC’s Our Space programme to install a lift to provide disabled access to the gym on the first floor, an interactive games wall and CCTV / access control.
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.
Review of the results for the year
The accounts report a surplus of £12,124 (2022 surplus £9,367). However it should be borne in mind that the Club paid a further £34,310 after the year end on the Our Space programme and if all the Our Space costs had fallen in this financial year there would have been a deficit £22,186. Due to price increases between original quotes and extra work needed to comply with building regulations the project eventually cost a total of £88,948.
The Club is in a sound financial position given its investment assets however the Club’s policy is to only use the income from those investments for day to day operations and not to use the capital.
The value of the investments fell year on year due to the general state of the global investment market.
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Ian Brierley, Chair of trustees Date
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24/1/24
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Central Youth Club registered charity 523735
Statement of financial activities For the year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| Investment income | £11,905 | £10,479 |
| Bank Interest | £1,370 | £792 |
| Member subscriptions | £3,231 | £2,397 |
| Profit on canteen | £90 | £5 |
| Car park income | £16,900 | £13,263 |
| Premises hire | £9,632 | £15,468 |
| Donations | - | - |
| KMC HAF Holiday Activities & Food | £9,067 | £4,200 |
| KMC Friendship Project | £3,900 | - |
| KMC Our Space Grant | £75,000 | - |
| Covid grants (incl furlough) | - | £15,583 |
| Total Income | £131,096 | £62,187 |
| Salaries, NI & Pension | £51,680 | £33,707 |
| Rent, Rates & Insurance | £3,348 | £2,757 |
| Light, Heat & Water | £4,036 | £3,946 |
| Repairs and renewals | £2,017 | £6,561 |
| Games, Sports and Club Activities | £816 | £1,600 |
| Postage, telephone, wifi & TV licence | £540 | £382 |
| Cleaning and Incidental | £1,829 | £1,923 |
| Bank charges | £68 | - |
| HAF / Healthy Holiday Costs | - | £1,944 |
| Our Space Project | £54,638 | - |
| Total Expenditure | £118,972 | £52,820 |
| Gain / loss (note 1) | £12,124 | £9,367 |
| Unrealised (loss) / gain on Investments | (£30,123) | £22,978 |
| Fund Balance brought forward | £511,427 | £479,082 |
| Fund Balance at 31stMarch | £493,428 | £511,427 |
Statement of Assets and Liabilities
| 2023 | 2022 | |
|---|---|---|
| Cash Assets and Liabilities | ||
| Assets | ||
| Investments | £341,264 | £371,387 |
| Current Assets | ||
| Stock - sweets, crisps and drinks in canteen (estimate) | £150 | £150 |
| Petty cash | £767 | |
| General Accounts unrestricted | £126,218 | £139,890 |
| General Accounts restricted HAF (note 2) | £4,667 | |
| General Accounts restricted Our Space (note 3) | £20,362 | |
| Total Current Assets | £152,164 | £140,040 |
| Net Assets | £493,428 | £511,427 |
| Non cash and post year end Assets and Liabilities | ||
| Tangible Assets (note 4) | ||
| Debtors (note 5) | £1,100 | £595 |
| Creditors (note 6) | £6,503 | £6,975 |
Notes
The accounts have been prepared on a Cash Accounting basis with 2022 figures restated accordingly.
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Whilst the Club made a surplus of £12,124 it should be borne in mind that a further £34,310 was paid out in 23/24 for the Our Space project, see note 3 below.
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Restricted funds – HAF grant – £4,667 was received in March 2023 for the sessions run in April 2023, ie in the next financial year
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Restricted funds – Our Space – Total grant £75,000. Total project cost was £88,948, ie all the funding was received in 22/23, but a further £34,310 was paid out in 23/24.
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Tangible Assets - The Club owns the building it operates from including all fixtures and fittings, table tennis, pool and snooker tables etc etc.
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Debtors – Friendship Project ran from Feb '22 to Feb '23. The final £1,100 of funding was unpaid at year end and received 5/4/23, ie after the project had finished.
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Creditors – Staff costs, PAYE and pension contributions.
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ Charity Name Central Youth Club Huddersfield members of On accounts for the year 31[st] March 2023 Charity no 523735 ended (if any) Set out on pages 1 to 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 / 2023 .
Responsibilities and basis of As the charity trustees of the Trust, you are responsible for the preparation of the report 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 come examiner's statement 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.
Date: 29/01/2023 Signed: Name: C O’Neill Relevant professional qualification(s) or body (if any): Address: 5 Lacey Drive, Naphill, HP14 4RR
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 .