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REGISTERED COMPANY NUMBER: 04961783

REGISTERED CHARITY NUMBER: 1102969















Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31st March 2023

for


VIKING CENTRE & YOUTH CLUB LIMITED



VIKING CENTRE & YOUTH CLUB LIMITED








Contents of the Financial Statements

for the year ended 31st March 2023






Page




Report of the Trustees  

1


to


4



Independent Examiner's Report  

5




Statement of Financial Activities  

6




Balance Sheet  

7


to


8



Notes to the Financial Statements  

9


to


13


VIKING CENTRE & YOUTH CLUB LIMITED (REGISTERED NUMBER: 04961783)



Report of the Trustees

for the year ended 31st March 2023



Introduction


The Directors/Trustees present their annual report and financial statements for the year ended 31 March 2023.


Constitution


The Charity is a company limited by guarantee, incorporated 12 November 2003 and has adopted the Charity Commission Model Memorandum and Articles of Association for a Charitable Company

( GD1). As a company limited by guarantee the Charity has no shareholders. Each member has undertaken, in the event of dissolution to contribute a sum not exceeding £10 towards any debts and liabilities of the Charity incurred before that member ceased to be a Member.


The Directors/Trustees have approved two classes of membership. Full voting membership which may be either individual or corporate (the latter by nomination of an individual by an organisation), and Associate non-voting membership which may be either individual or corporate (the latter by nomination of an individual by an organisation). At present there is no intention to appoint additional members other than the Directors.


The names of the Directors/Trustees, all of whom are full voting members, are shown on page 1. One third by number of Directors/Trustees retire at Annual General Meeting by rotation.


Management


The direction and control of the Charity is determined by the Board of Directors.


Board meetings were held at regular intervals during the year.


The Directors would be pleased to hear from any individuals or organisations who would like to take an

active interest in the work of the Charity.


Objectives


These are to provide social and recreational facilities to the local community and to help and educate young people in Wirral through their leisure time activities so to develop their physical, mental and spiritual capabilities that they may grow to full maturity as individuals and as members of society and that their condition of life may be improved.


Achievements


The Vikes has continued to support the Rock Ferry and wider Wirral community throughout the year by

delivering and facilitating a range of community projects. Working alongside Wirral VCFSE and sports club

organisations to provide safe, nurturing and engaging facilities for local young people and their families. Our

commitment to improving our facilities has continued with a brand-new modern kitchen to allow us and partner

organisations to deliver group cooking programmes. We have also increased our security with new high panel

fencing ensuring that our facilities and external areas are safe. Our trustees have continued to be committed to

the upkeep of the building and seeking new opportunities were appropriate to ensure that the long-term

sustainability of The Vikes is prioritised alongside supporting local vulnerable and disadvantaged young people

and their families. We are extremely proud of The Vikes and are looking forward to continuing its growth of

activities and partnerships formed with community organisations and residents.










VIKING CENTRE & YOUTH CLUB LIMITED (REGISTERED NUMBER: 04961783)



Report of the Trustees

for the year ended 31st March 2023



Review of significant events, activities and public benefit.


Community Groups


The Viking Centre and Youth Club is continuing to develop the Rock Ferry facilities for use as a Community

Centre, this allows us to sustain meeting our objectives long term by providing excellent facilities for our

community to utilise. The Centre has a number of regular tenants who currently make the centre sustainable

moving forward. These include: Utopia Project CIC, MW CIC and Royal Onyx.


Social Media


Viking Centre and Youth Club has its own web site - www.thevikes.co.uk - and its own Facebook page for all to visit and be kept informed of the latest news and developments.


Grant Aided Projects


Viking Centre and Youth Club is entirely run by volunteer trustees, due to this we apply for a limited number of

funds each year to ensure that we meet our Charity Objectives and continue to deliver projects that our

community have asked for. We have been successful in securing funding to renovate our first-floor kitchen

to deliver group cooking sessions thanks to Veola, group cooking sessions for young people thanks to Big

Lottery and a youth personal development programme thanks to an extremely generous local business owner.


Donations


The Trustees are most grateful for the continuing financial support provided by a small number of local donors who make regular donations and to those charitable trusts who have supported the Charity.


Public Benefit


We have continued to increase the number of community groups who have access to our centre to contribute to our charitable purpose and have committed volunteer trustee time to plan, apply, deliver and review grant funded projects in order to provide opportunities for our community to grow as set out in our objects. Trustees have complied within their duty to ensure that the activities carried out through the year meet our charitable purpose and is aligned with the commission's public benefit guidance.


Risk assessment


In addition to their responsibilities for Health and Safety and other corporate governance issues, the Board review, on a regular basis, the major risks which the Charity faces and believe that they have established suitable systems to mitigate significant risks.



Financial review


At 31 March 2016, the Charity Trustees reviewed the carrying value of Fixed Assets in the light of the potential

closure of the Youth Club and the Centre and decided to take an impairment charge into the 2016 Financial

Statements to reduce the values of Freehold Land and Buildings to zero, as these are subject to a restrictive

usage covenant from Wirral Council, and to reduce the value of restricted fixed assets to £2000, being an

estimate of the distressed sale value of Equipment. These adjustments gave rise to an exceptional reduction in

charity reserves as stated in the 2016 Financial Statements.


Restricted funds - In the year ended 31 March 2023 the Charity held £5380 in restricted funds, from The Lottery

community fund for our group cooking sessions project.




VIKING CENTRE & YOUTH CLUB LIMITED (REGISTERED NUMBER: 04961783)



Report of the Trustees

for the year ended 31st March 2023



Unrestricted funds – In the year ending 31 March 2023 the Charity had a decrease in unrestricted funding. This

was mainly due to additional costs incurred beyond the funding for the kitchen building work. The Charity

continues to improve income for unrestricted funding through the hire of our facilities to other voluntary or

community organisations to meet our core costs of running The Viking Centre. Trustees agreed that up to 20%

of the unrestricted bank funds held would be used for the continuous refurbishment of The Viking Centre to

attract further voluntary and community groups to use our facilities, improve our sustainability and support in

meeting our objectives. All other unrestricted funds held are to cover costs in the event the Charity closure or in

the event of a significant reduction in grants, rental income or donations received.


The Trustees are happy with the financial position of the charity in the year ending 31 March 2023 with the

continued ability for the charity to retain a healthy level of reserves. This has proven to be sustainable through

rental hire of our centre using community rates that are far lower than other facilities across the borough and the

ability to continue to gain small amounts of grant funding that contributes towards core costs. It is also worth

noting that trustees are diligent in ensuring that costs are reviewed to maintain an achievable yearly budget.


The Viking Centre & Youth Club Limited will continue to operate on a going concern basis and will continue

its operations for the foreseeable future with no particular uncertainties outlined in the forecast.


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


Chairman - Daniel P Cooke

Director of Finance and Company Secretary - Chris J. Black

Patron - Rt. Hon. Frank Field MP, DL


REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04961783 (Not specified/Other)


Registered Charity number

1102969


Registered office

The Vikes

40 Thorsway

Rock Ferry

Merseyside

CH42 1NW


Trustees

C J Black Education ( Teacher )

D P Cooke Teacher

Mrs R Mccoosh Company Director

P J Murray Education

A Byrne



Approved by order of the board of trustees on 14th March 2024 and signed on its behalf by:







VIKING CENTRE & YOUTH CLUB LIMITED (REGISTERED NUMBER: 04961783)



Report of the Trustees

for the year ended 31st March 2023


D P Cooke - Trustee


Independent Examiner's Report to the Trustees of

Viking Centre & Youth Club Limited


Independent examiner's report to the trustees of Viking Centre & Youth Club Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2023.


Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').


Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.


Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:


1.

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.

the accounts do not accord with those records; or

3.

the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).


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.









Vikki Wynne FCCA




14th March 2024



VIKING CENTRE & YOUTH CLUB LIMITED



Statement of Financial Activities

for the year ended 31st March 2023



2023


2022


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


INCOME AND ENDOWMENTS FROM

Donations and legacies

11,636


-


11,636


1,182



Charitable activities

Charitable activities

18,706


5,380


24,086


34,170


Total

30,342


5,380


35,722


35,352



EXPENDITURE ON

Charitable activities

Charitable activities

38,942


-


38,942


28,298



NET INCOME/(EXPENDITURE)

(8,600

)

5,380


(3,220

)

7,054




RECONCILIATION OF FUNDS

Total funds brought forward

25,920


-


25,920


18,866



TOTAL FUNDS CARRIED FORWARD

17,320


5,380


22,700


25,920



CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.


VIKING CENTRE & YOUTH CLUB LIMITED (REGISTERED NUMBER: 04961783)



Balance Sheet

31st March 2023



2023


2022


Unrestricted


Restricted


Total


Total


funds


funds


funds


funds


Notes

£   

£   

£   

£   


FIXED ASSETS


Tangible assets

5

18,819


-


18,819


1,295



CURRENT ASSETS


Debtors

6

850


-


850


834


Cash at bank

10,771


5,380


16,151


25,689


11,621


5,380


17,001


26,523



CREDITORS


Amounts falling due within one year

7

(13,120

)

-


(13,120

)

(1,898

)


NET CURRENT ASSETS

(1,499

)

5,380


3,881


24,625



TOTAL ASSETS LESS CURRENT LIABILITIES

17,320


5,380


22,700


25,920



NET ASSETS

17,320


5,380


22,700


25,920


FUNDS

8

Unrestricted funds

17,320


25,920


Restricted funds

5,380


-


TOTAL FUNDS

22,700


25,920



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


VIKING CENTRE & YOUTH CLUB LIMITED (REGISTERED NUMBER: 04961783)



Balance Sheet - continued

31st March 2023


These financial statements have been prepared in accordance with and delivered in accordance with the special provisions applicable to small charitable companies subject to the small companies regime.



The financial statements were approved by the Board of Trustees and authorised for issue on 14th March 2024 and were signed on its behalf by:






D P Cooke - Trustee



VIKING CENTRE & YOUTH CLUB LIMITED



Notes to the Financial Statements

for the year ended 31st March 2023


1.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.



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

-

20% on cost


Fixtures and fittings

-

25% on reducing balance


Computer equipment

-

25% on reducing balance



Taxation

The charity is exempt from corporation 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.



VIKING CENTRE & YOUTH CLUB LIMITED



Notes to the Financial Statements - continued

for the year ended 31st March 2023


2.

NET INCOME/(EXPENDITURE)



Net income/(expenditure) is stated after charging/(crediting):




2023


2022

£   

£   



Depreciation - owned assets

4,786


432




3.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 31st March 2023 nor for the year ended 31st March 2022.



Trustees' expenses


There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.


4.

STAFF COSTS


2023


2022

£   

£   



Wages and salaries

2,295


3,201



2,295


3,201





The average monthly number of employees during the year was as follows:



2023


2022


Employees

5


5





No employees received emoluments in excess of £60,000.




VIKING CENTRE & YOUTH CLUB LIMITED



Notes to the Financial Statements - continued

for the year ended 31st March 2023


5.

TANGIBLE FIXED ASSETS


Improvements


Fixtures



to


and


Computer



property


fittings


equipment


Totals

£   

£   

£   

£   



COST


At 1st April 2022

-


1,435


2,292


3,727




Additions

22,310


-


-


22,310




At 31st March 2023

22,310


1,435


2,292


26,037




DEPRECIATION


At 1st April 2022

-


359


2,073


2,432




Charge for year

4,462


269


55


4,786




At 31st March 2023

4,462


628


2,128


7,218




NET BOOK VALUE


At 31st March 2023

17,848


807


164


18,819




At 31st March 2022

-


1,076


219


1,295




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022


£   

£   



Trade debtors

60


140




Prepayments

790


694



850


834




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022


£   

£   



Deferred income

11,213


-




Accrued expenses

1,907


1,898



13,120


1,898




8.

MOVEMENT IN FUNDS


Net




movement


At



At 1.4.22


in funds


31.3.23


£   

£   

£   



Unrestricted funds


General fund

25,920


(8,600

)

17,320





Restricted funds


General Fund

-


5,380


5,380





TOTAL FUNDS

25,920


(3,220

)

22,700





VIKING CENTRE & YOUTH CLUB LIMITED



Notes to the Financial Statements - continued

for the year ended 31st March 2023


8.

MOVEMENT IN FUNDS - continued



Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

30,342


(38,942

)

(8,600

)




Restricted funds


General Fund

5,380


-


5,380





TOTAL FUNDS

35,722


(38,942

)

(3,220

)





Comparatives for movement in funds



Net




movement


At



At 1.4.21


in funds


31.3.22


£   

£   

£   



Unrestricted funds


General fund

18,866


7,054


25,920





TOTAL FUNDS

18,866


7,054


25,920





Comparative net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

35,352


(28,298

)

7,054





TOTAL FUNDS

35,352


(28,298

)

7,054





VIKING CENTRE & YOUTH CLUB LIMITED



Notes to the Financial Statements - continued

for the year ended 31st March 2023


8.

MOVEMENT IN FUNDS - continued



A current year 12 months and prior year 12 months combined position is as follows:



Net




movement


At



At 1.4.21


in funds


31.3.23


£   

£   

£   



Unrestricted funds


General fund

18,866


(1,546

)

17,320





Restricted funds


General Fund

-


5,380


5,380





TOTAL FUNDS

18,866


3,834


22,700





A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

65,694


(67,240

)

(1,546

)




Restricted funds


General Fund

5,380


-


5,380





TOTAL FUNDS

71,074


(67,240

)

3,834




9.

RELATED PARTY DISCLOSURES


During the year, the charity commissioned Utopia for the delivery of the Lottery funded Family Fitness work (totalling £5,472). Three of The Viking trustees are also trustees of Utopia Project CIC.

10.

DEFERRED INCOME



Deferred income relates to a grant received for the fitting of a new kitchen in the period ended 31 March 2023. This is being depreciated over 5 years, therefore the grant is being allocated over 5 years too.