Acorah Software Products - Accounts Production 14.6.300 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08752886 Ms Anna Gaymer Mr Chris Taite Ms Jacqui Manuel Mr Michael Nicholls Mrs Kate Grant Mr John Fletcher Ms Deborah Greenwood - Hewitt Ms Emma Spencer iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08752886 2022-12-31 08752886 2023-12-31 08752886 2023-01-01 2023-12-31 08752886 frs-core:FurnitureFittings 2023-01-01 2023-12-31 08752886 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08752886 frs-bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 08752886 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 08752886 frs-bus:SmallEntities 2023-01-01 2023-12-31 08752886 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08752886 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08752886 frs-bus:Director1 2023-01-01 2023-12-31 08752886 frs-bus:Director2 2023-01-01 2023-12-31 08752886 frs-bus:Director3 2023-01-01 2023-12-31 08752886 frs-bus:Director4 2023-01-01 2023-12-31 08752886 frs-bus:Director5 2023-01-01 2023-12-31 08752886 frs-bus:Director6 2023-01-01 2023-12-31 08752886 frs-bus:Director7 2023-01-01 2023-12-31 08752886 frs-bus:Director8 2023-01-01 2023-12-31 08752886 frs-countries:EnglandWales 2023-01-01 2023-12-31 08752886 2021-12-31 08752886 2022-12-31 08752886 2022-01-01 2022-12-31 08752886 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Youth Dream (Selsey) Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Phoenix Accounting Services Ltd
MAAT
3 Selsey Bus Ctr
Selsey
Chichester
PO20 0RS
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 08752886
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 168 782
168 782
CURRENT ASSETS
Debtors 1,838 1,503
Cash at bank and in hand 91,634 84,078
93,472 85,581
Creditors: Amounts Falling Due Within One Year (2,889 ) (3,571 )
NET CURRENT ASSETS (LIABILITIES) 90,583 82,010
TOTAL ASSETS LESS CURRENT LIABILITIES 90,751 82,792
NET ASSETS 90,751 82,792
Income and Expenditure Account 90,751 82,792
MEMBERS' FUNDS 90,751 82,792
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Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
All of the company's members have consented to the preparation of an Abridged Income and Expenditure Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Michael Nicholls
Director
02/04/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Youth Dream (Selsey) Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 08752886 . The registered office is 3 Selsey Business Centre The Bridleway, Selsey, Chichester, PO20 0RS. The charity number is 1155982
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% SL
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 9 8
9 8
4. Tangible Assets
Total
£
Cost
As at 1 January 2023 6,315
As at 31 December 2023 6,315
Depreciation
As at 1 January 2023 5,533
Provided during the period 614
As at 31 December 2023 6,147
Net Book Value
As at 31 December 2023 168
As at 1 January 2023 782
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5. Reserves
Youth Dream (Selsey) Ltd operates a three year business plan with a fundraising strategy and business risk assessment.
Each year a budget of income and expenditure is prepared with the expectation of all monies toe be spent on the charities aimes. The only exception to this is that £4000.00 is ring fenced to pay for closure costs should the charity fail to sustain any funding opportunities.This is reviewed each month at the directors meetings. The reserve balance is to always maintain 6 months expediture and is monitored regularly so that actions can be implented should they near this figure.
The National Lottery community Fund RC and South East Region
40301.45 + 4755.46 = 55206.91
Current A/C Ref Number Date In Out Lottery NOTES Lottery a/c Ref374 " 0" 05/12/2022 625 0 Salary - Grant Lottery - Ref 15 15
Reconciliation 
Balance per current account analysis 54818.87
Add bank interest 
06.03.23  35.15
15.06.23  15.59 
04.09.23  69.18
04.12.23 118.12
Per deposit accounts 55206.91
Please not these funds are restriction in accordance with the National Lottery Guidance
6. Post Balance Sheet Events
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10.
8. grants anaylsis
Grants Received withing in the year were as follows :-
2500 "CDC PAYMENTS           N00091 BGC "
1236.73 "ACCOUNTS PAYABLE       COOPNOV71319 BGC "
3000 "ALBERT HUNT SP BGC     ALBERT HUNT SP BGC "
15000 "BBC CIN               2887 Y1 BGC "
1300 "HEREFORDSHIRE COMM     HCF GRANT BGC "
400 "CHARITIES TRUST       CP17807 BGC "
6,000.00 "THE ERNEST KLEIN       EKCT S-0932-05 BGC "
500.00 "CLARION FUTURES BGC   CLARION FUTURES BGC "
500 "GROUNDWORK UK - TE     GWUK BGC "
250 "CLARION FUTURES BGC   CLARION FUTURES BGC "
4000 "THE PCC FOR SUSSEX     SPA1 2000366925 K BGC"
500 "CLARION FUTURES BGC   CLARION FUTURES BGC "
2500 "CDC PAYMENTS           N00091 BGC "
300 "WSCC WEST WITTERIN     WESTWITTSCH BGC "
1500 "IRWIN MITCHELL LLP     FRIARSGATE TRUST BGC "
500 "SCF CURRENT A         SCF - YDS BBP "
10000 "East Wittering & B     INV 012 BGC "
5400 "THE SUSSEX COMMUNI     01M5002236700 BGC "
2000 "SCF CURRENT A         SCF - FERRY FARM BBP "
5000 "CLARION FUTURES BGC   CLARION FUTURES BGC "
Youth Dream (Selsey) Ltd 
Lottery accounts report 
1st January 2023 to 31st December 2023 
...CONTINUED
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The National Lottery Community  Fund RC London and South East Region 
40301.45 +  14755.46 = 55206.71
118.12 "INTEREST PAID GROSS   FOR PERIOD 4SEP/ 3DEC"
-9315 " SALARIES DECEMBER FT "
53349 "GRANT SUM FT "
-9315 "NOV SALARIES FT "
-9575 "SALARIES FT "
3201 "SALARIES FT "
1000 "COUNSELLOR RETURN FT "
-3852 "SALARIES FT "
-9388 "SALARIES FT "
69.18 "INTEREST PAID GROSS   FOR PERIOD 5JUN/ 3SEP"
720.61 "MATERNITY PAY FT "
-7525 "SALARIES AUGUST FT "
-7630 "JULY SALARY FT "
53349 "LOTTERY GRANT FT "
-2828.21 "SALARIES FT "
-7032 "SALARIES FT "
15.59 "INTEREST PAID GROSS   FOR PERIOD 6MAR/ 4JUN"
-7032 "SALARIES FT "
2908 "YOUTH WORKER 1 FT "
11600 "BALANCES FT "
-8890 "TO CURRENT FT "
-8890 "SALARIES FT "
35.15 "INTEREST PAID GROSS   FOR PERIOD 5DEC/ 5MAR"
-8890 "SALARIES FT "
-1545.68 "RE CAROL BRETT FT "
-4000 DOWNSVIEW YOUTH CL FT
-908.8 "INCLUSION FT "
-1194 "MENTOR FT "
-625 "MANAGEMENT FT "
-1018.71 "COUNSELLOR FT "
-2155.79 "YOUTH WORKER 2. FT "
 Please note that these funds are restriction in accordance with the Natiaonal Lottery guidance
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