Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-2927781093602024-02-292023-03-01falseNo description of principal activity0 13171617 2023-03-01 2024-02-29 13171617 2022-03-01 2023-02-28 13171617 2024-02-29 13171617 2023-02-28 13171617 2023-03-01 13171617 2022-03-01 13171617 c:RegisteredOffice 2023-03-01 2024-02-29 13171617 d:CurrentFinancialInstruments 2024-02-29 13171617 d:CurrentFinancialInstruments 2023-02-28 13171617 c:FRS102 2023-03-01 2024-02-29 13171617 c:IndependentExaminationCharity 2023-03-01 2024-02-29 13171617 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13171617 b:Trustee1 2023-03-01 2024-02-29 13171617 b:Trustee2 2023-03-01 2024-02-29 13171617 b:Trustee3 2023-03-01 2024-02-29 13171617 b:Trustee4 2023-03-01 2024-02-29 13171617 b:Trustee5 2023-03-01 2024-02-29 13171617 b:Trustee6 2023-03-01 2024-02-29 13171617 b:TotalEndowmentFunds 2023-03-01 2024-02-29 13171617 b:TotalEndowmentFunds 2022-03-01 2023-02-28 13171617 b:TotalEndowmentFunds 2024-02-29 13171617 b:TotalEndowmentFunds 2023-02-28 13171617 c:ChiefExecutive 2023-03-01 2024-02-29 13171617 b:TotalUnrestrictedFunds 2024-02-29 13171617 b:TotalUnrestrictedFunds 2023-02-28 13171617 b:TotalRestrictedIncomeFunds 2024-02-29 13171617 b:TotalRestrictedIncomeFunds 2023-02-28 13171617 c:FullAccounts 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 13171617
Charity number: 1195368










W4 YOUTH LIMITED







UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
W4 YOUTH LIMITED
 

CONTENTS



Page
Reference and administrative details of the Company, its Trustees and advisers
1
Trustees' report
2 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7 - 8
Notes to the financial statements
9 - 13

 
W4 YOUTH LIMITED
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 29 FEBRUARY 2024


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
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 29 FEBRUARY 2024

The Trustees present their annual report together with the financial statements of the W4 Youth Limited for the  1 March 2023 to 29 February 2024The 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 year we have resumed full operational activities with a donated hub and the use of te local church hall. 
We have a four day per week timetable of football, basketball, musical theatre and street dance from 5pm to 7pm with over 200 attendances per week.
 

Page 2

 
W4 YOUTH LIMITED
 
Achievements and performance
 

a. Main achievements of the Company
 

The main achievement in the year was to raise sufficient funds to grow our activities to a full four day per week, 5pm to 7pm programme supporting young people in the community with somewhere safe to go and something good to do.  We have three teams in a local 5 a side league and will be starting our own 5 a side league with other local teams in the next financial year.  Our street dance and musical theatre members performed numerous times in the year at local events and shows.
Also, we have applied for planning permission to have another hub for storage alongside our current hub.  This will be another hub donated by a local construction company.
 

b. Review of activities
 

The method of fundraising during the last quarter of this financial year was based upon reaching out to individual donors and local businesses to donate to the running of the charity as well as grant and funding applications to many organisations, including Hounslow Council, Ealing Council, National Lottery Awards and Garfield Weston Foundations.
 

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 £57,071 in the year and had a suplus of £4,079..
 

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.
 

Page 3

 
W4 YOUTH LIMITED
 
Structure, governance and management (continued)

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.
 

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 . 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 18 March 2024 and signed on their behalf by:
 




Sally Elizabeth Chacatte
Page 4

 
W4 YOUTH LIMITED
 
 
 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 29 FEBRUARY 2024

Independent Examiner's Report to the Trustees of W4 Youth Limited ('the Company')

 
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 29 February 2024.


Responsibilities and Basis of Report


As the Trustees of the Company (and 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 the Company's accounts 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.


This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.



Signed:      Dated: 4 April 2024

David Alesbury     Chartered Accountant

Feltons
Chartered Accountants
1 The Green
London
TW9 1PL
Page 5

 
W4 YOUTH LIMITED

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 29 FEBRUARY 2024


Unrestricted funds
2024
Total
funds
2024
Total
funds
2023
Note
        £
        £
        £

Income from:






Donations and legacies

3

57,071

57,071

1,692
 
Total income
57,071
57,071
1,692
Expenditure on:






Charitable activities


52,992

52,992

303
 
Total expenditure
52,992
52,992
303

Net movement in funds
  
4,079
4,079
1,389

Reconciliation of funds:

  




Total funds brought forward

  

1,389

1,389

-
 
Net movement in funds

  

4,079

4,079

1,389
 
Total funds carried forward
  
5,468
5,468
1,389

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

The notes on pages 9 to 13 form part of these financial statements.

Page 6

 
W4 YOUTH LIMITED
REGISTERED NUMBER: 13171617

 
 
BALANCE SHEET
AS AT 29 FEBRUARY 2024


29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

  
-
-

Current assets
  

Cash at bank and in hand
  
7,113
1,689

  
7,113
1,689

Creditors: amounts falling due within one year
 7 
(1,645)
(300)

Net current assets 
  
 
 
5,468
 
 
1,389

Total assets less current liabilities
  
5,468
1,389

Net assets excluding pension asset 
  
5,468
1,389

Total net assets 
  
5,468
1,389


Charity funds
  

Restricted funds
  
-
-

Unrestricted funds
  
5,468
1,389

Total funds
  
5,468
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 18 March 2024 and signed on their behalf by:

Page 7

 
W4 YOUTH LIMITED
REGISTERED NUMBER: 13171617

 
 
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024




Sally Elizabeth Chacatte

The notes on pages 9 to 13 form part of these financial statements.

Page 8

 
W4 YOUTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

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.

  
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.


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.

Page 9

 
W4 YOUTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

  
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
2024
Total
funds
2024
        £
        £
 


Donations

57,071

57,071




Unrestricted funds
2023
Total
funds
2023
        £
        £


Donations

1,692

1,692



4.

Analysis of expenditure by activities




Activities undertaken directly
2024
Support costs
2024
Total
funds
2024
        £
        £
        £




Charitable activities

51,737

1,255

52,992





Page 10

 
W4 YOUTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.Analysis of expenditure by activities (continued)

Support costs
2023
Total
funds
2023
        £
        £



Charitable activities

303

303



Analysis of support costs



Activities
2024
Total
funds
2024
        £
        £



Accountancy

720

720

Bank charges

32

32

Insurance and professional fees

503

503



1,255
1,255



Activities
2023
Total
funds
2023
        £
        £



Accountancy

300

300

Bank charges

3

3



303
303


5.

Independent examiner's remuneration



6.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).

During the year ended 29 February 2024, no Trustee expenses have been incurred (2023 - NIL).


7.



Creditors: Amounts falling due within one year


Page 11

 
W4 YOUTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
29 February
28 February
2024
2023
£
£


Other creditors
625
-

Accruals and deferred income
1,020
300

1,645
300


8.



Financial instruments


29 February
28 February
2024
2023
£
£

Financial assets

Financial assets measured at fair value through income and expenditure
7,113
1,689



9.

Summary of funds


Summary of funds - current year

Balance at 1 March 2023
£
 
Income
£
 
Expenditure
£
 
Balance at 29 February 2024
£
 
General funds

1,389

57,071

(52,992)

5,468
 


Summary of funds - prior year

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

1,692

(303)

1,389
 

Page 12

 
W4 YOUTH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.

Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted funds
29 February
2024
Total
funds
29 February
2024
        £
        £


Current assets

7,113

7,113

Creditors due within one year

(1,645)

(1,645)

Total 


5,468
5,468


Page 13