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Registered number: 13171617
Charity number: 1195368










W4 YOUTH LIMITED
(A company limited by guarantee)







UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
W4 YOUTH LIMITED
 
(A company limited by guarantee)
 

CONTENTS



Page
Reference and administrative details of the Company, its Trustees and advisers
1
Trustees' report
2 - 4
Statement of financial activities
5
Balance sheet
6 - 7
Notes to the financial statements
8 - 11

 
W4 YOUTH LIMITED
 
(A company limited by guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 28 FEBRUARY 2023


Trustees
Sally Elizabeth Chacatte, Chair
Tracey Tatchell, Trustee
Andrew Dudley, Trustee
Christopher William Mackaness, Trustee
Christian Marcel Chacatte Losch, Trustee
Gary Malcolm, Trustee (appointed 25 January 2023)

Company registered number
13171617

Charity registered number
1195368

Registered office
1 The Green
Richmond
Surrey
TW9 1PL

Chief executive officer
Sally Elizabeth Chacatte

Accountants
Feltons
Chartered Accountants
1 The Green
London
TW9 1PL

Page 1

 
W4 YOUTH LIMITED
 
(A company limited by guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2023

The Trustees present their annual report together with the financial statements of the W4 Youth Limited for the year 1 March 2022 to 28 February 2023The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). 
 

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
 

Objectives and activities
 

a. Policies and objectives
 

The Charity's objectives are, for the public benefit, to advance life and relieve the needs of young people aged between 11 and 19 years old in the Ealing and Hounslow areas of London.
 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
 

b. Strategies for achieving objectives
 

The Charity aims to achieve its objectives through:
1) The provision of recreational and leisure time activities provided in the interest of social welfare and designed    to improve the lives of young people.
2) The provision of support and activities to develop the skills, capacities and capabilities of young people in order to enable them to participate in society as mature and responsible individuals.
 

c. Activities undertaken to achieve objectives
 

During the last quarter of the financial year we were limited by the lack of premises to run our activities.
However we undertook street dance clubs three times per week in other community premises and football coaching once per week.
 

Achievements and performance
 

a. Main achievements of the Company
 

The main achievement was to continue our activities for the young people with no dedicated premises and to use other community premises to host the street dance and football coaching weekly.
During the last quarter of the financial year another key achievement was when our Street Dance club made a number of public appearances with their dance show.
 

Page 2

 
W4 YOUTH LIMITED
 
(A company limited by guarantee)
 
Achievements and performance (continued)

b. Review of activities
 

The method of fundraising during the last quarter of this financial year was based upon reaching out to individual donors to donate to the running of the charity as well as calling on supporters of W4 Youth to volunteer their services to the charity pro bono.
This led to limited expenditure by the charity on the activities.
 

Financial review
 

a. Going concern
 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
 

b. Reserves policy
 

Each year the Committee of Management reviews the financial position and allocates as appropriate to surplus funds, reserves in accordance with the Reserves Policy.
Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency expenditure.  The Trustees consider that the ideal level of reserves would be between two and three month’s expenditure. 
 

c. Results for the year
 

The Charity received donations of £1,692 in the year and had a suplus of £1,389.
 

Structure, governance and management
 

a. Constitution
 

W4 Youth Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
 

b. Methods of appointment or election of Trustees
 

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
 

c. Financial risk management
 

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
 

Page 3

 
W4 YOUTH LIMITED
 
(A company limited by guarantee)
 
Plans for future periods
 

The company has been set up for a capital project to build a youth & community centre in Southfields Recreation Ground as part of a joint venture with Ealing Council.  Over the next 3 years the Trustees plan to raise sufficient funds to build the youth & community centre.
The company has also been used as the vehicle which all operational activity is channelled for the running of W4 Youth from November 2022.  The running of the operational activity has previously been through a charitable trust set up in 2011.
 

Members' liability
 

The Members of the Company guarantee to contribute an amount not exceeding £1 to the assets of the Company in the event of winding up.
 

Statement of Trustees' responsibilities
 

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


 

Approved by order of the members of the board of Trustees on 30 October 2023 and signed on their behalf by:
 




Sally Elizabeth Chacatte
Page 4

 
W4 YOUTH LIMITED
 
(A company limited by guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 28 FEBRUARY 2023


Unrestricted funds
2023
Total
funds
2023
Note
        £
        £
Income from:





Donations and legacies

3

1,692

1,692

Total income
1,692
1,692
Expenditure on:





Charitable activities


303

303

Total expenditure
303
303

Net movement in funds
  
1,389
1,389

Reconciliation of funds:

  



Net movement in funds

  

1,389

1,389

Total funds carried forward
  
1,389
1,389

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 8 to 11 form part of these financial statements.

Page 5

 
W4 YOUTH LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 13171617

 
 
BALANCE SHEET
AS AT 28 FEBRUARY 2023


2023
Note
£

Fixed assets
  

  
-

Current assets
  

Cash at bank and in hand
  
1,689

  
1,689

Creditors: amounts falling due within one year
 6 
(300)

Net current assets 
  
 
 
1,389

Total assets less current liabilities
  
1,389

Net assets excluding pension asset 
  
1,389

Total net assets 
  
1,389


Charity funds
  

Restricted funds
  
-

Unrestricted funds
  
1,389

Total funds
  
1,389

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 30 October 2023 and signed on their behalf by:




Sally Elizabeth Chacatte
Page 6

 
W4 YOUTH LIMITED
 
(A company limited by guarantee)
REGISTERED NUMBER: 13171617

 
 
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023


The notes on pages 8 to 11 form part of these financial statements.

Page 7

 
W4 YOUTH LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

The company is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.  The companys Registered Office is 1 The Green, Richmond TW9 1PL.


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

W4 Youth Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

  
2.2

Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

  
2.3

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

  
2.4

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 8

 
W4 YOUTH LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.5

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

  
2.6

Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.7

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.


3.

Income from donations and legacies



Unrestricted funds
2023
Total
funds
2023
        £
        £
 


Donations

1,692

1,692



4.

Analysis of expenditure by activities



Support costs
2023
Total
funds
2023
        £
        £



Charitable activities

303

303



Page 9

 
W4 YOUTH LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.Analysis of expenditure by activities (continued)

Analysis of support costs



Activities
2023
Total
funds
2023
        £
        £



Accountancy

300

300

Bank charges

3

3



303
303


5.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits.

During the year ended 28 February 2023, no Trustee expenses have been incurred.


6.



Creditors: Amounts falling due within one year


2023
£


Accruals and deferred income
300


7.



Financial instruments


2023
£

Financial assets

Financial assets measured at fair value through income and expenditure
1,689



8.

Summary of funds

Page 10

 
W4 YOUTH LIMITED

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.

Summary of funds (continued)


Summary of funds - current year

Income
£
 
Expenditure
£
 
Balance at 28 February 2023
£
 
General funds

1,692

(303)

1,389
 


9.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds
2023
Total
funds
2023
        £
        £


Current assets

1,689

1,689

Creditors due within one year

(300)

(300)

Total 


1,389
1,389


Page 11