Youth Dream (Selsey) Limited

	Page
Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2—4

Registered number: 08752886

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		168

			-		168
CURRENT ASSETS
Debtors		2,085		1,838
Cash at bank and in hand		103,320		91,634

		105,405		93,472
Creditors: Amounts Falling Due Within One Year		(7,793 )		(2,889 )

NET CURRENT ASSETS (LIABILITIES)			97,612		90,583

TOTAL ASSETS LESS CURRENT LIABILITIES			97,612		90,751

NET ASSETS			97,612		90,751

Income and Expenditure Account			97,612		90,751

MEMBERS' FUNDS			97,612		90,751

For the year ending 31 December 2024 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 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Michael Nicholls

Director

07/07/2025

The notes on pages 2 to 3 form part of these 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:

	2024	2023
Office and administration	13	9

	13	9

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	6,315

As at 31 December 2024	6,315

Depreciation
As at 1 January 2024	6,147
Provided during the period	168

As at 31 December 2024	6,315

Net Book Value
As at 31 December 2024	-

As at 1 January 2024	168

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Youth Dream (Selsey) Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

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

Balance per current account analysis 25744.25

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 :-

20/12/2024 "CHICHESTER COMMUNI CHICHESTER CDT BGC 55.10

17/12/2024 "CHICHESTER COMMUNI CHICHESTER CDT BGC 418.42

13/12/2024 "THE F GLENISTER WO DOWNVIEW CYG BALAN BG" 2,909.14

11/12/2024 THE ACADEMY 2,000.00

06/12/2024 "CHICHESTER HIGH SC Chi High BThompson BG" 260.00

28/11/2024 "East Wittering & B WIT SWIM PROJECT BGC 450.00

04/11/2024 "CHICHESTER COMMUNI CHICHESTER CDT BGC 290.00

11/10/2024 "THE ERNEST KLEIN EKCT S-1024-02 BGC 6,000.00

10/10/2024 "BBC CIN 2887 Y2 BGC " 15,000.00

08/10/2024 "THE F GLENISTER WO WOODGER DOWNVIEWYO BG" 30,000.00

16/09/2024 "GROUNDWORK UK - TE GWUK BGC " 500.00

01/08/2024 "THE F GLENISTER WO WOODGER GRANT -E O BG" 5,000.00

26/07/2024 THE ACADEMY 2,000.00

16/07/2024 "BBC CIN 1522 Y1 BGC " 5,000.00

30/05/2024 "THE F GLENISTER WO ROBBIE KHAN SWIMMI BG" 2,000.00

03/05/2024 THE ACADEMY 2,000.00

30/04/2024 "POSTCODE COMMUNITY PCT - MILLIONAIRE BGC" 50,000.00

05/04/2024 "THE F GLENISTER WO WOODGER TRUST GRAN BG" 15,000.00

04/04/2024 "East Wittering & B Youth Worker BGC 10,000.00

26/03/2024 "THE SUSSEX COMMUNI 01M5002236700 BGC 5,800.00

25/03/2024 "CLARION FUTURES BGC CLARION FUTURES BGC 1,000.00

23/02/2024 "NFPRESEARCH CIN NFP PRIZE DRAW BB" 500.00

14/02/2024 "THE F GLENISTER WO WOODGER WITTERING BGC" 15,000.00

25/01/2024 "CLARION FUTURES BGC CLARION FUTURES BGC 8,000.00

Youth Dream (Selsey) Ltd

Lottery accounts report

1st January 2024 to 31st December 2024

The National Lottery Community Fund RC London and South East Region

Bal B/fwd 55206.91

Income 51675.61

Expenditure 81138.27

Bal C/Fwd 25744.25

...CONTINUED

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Youth Dream (Selsey) Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

Date In Out

31/12/2024 8566

02/12/2024 8566

02/12/2024 42.25

08/11/2024 8566

08/11/2024 51400

04/06/2024 64.03

03/06/2024 64.03

29/05/2024 8801.24

29/04/2024 9315

03/04/2024 9315

04/03/2024 169.33

29/02/2024 9315

01/02/2024 9315

03/01/2024 9315

Please note that these funds are restriction in accordance with the Natiaonal Lottery guidance

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