Company regislralion number.. 02672194 Charity registration number- 1007702 Base51 (A company limiied by guarantee) Annual Report and Financial Statemenls for the Year Ended 31 March 2024 Community Accounting Plus Units l & 2 North West 41 Talbot Street Nottingha NGI 5GL
Base 51 Contents Reference and Administralive Details Trustees Report 2to6 Independent Examiner's Report Statement of Financlal Activities 8t09 Balance Sheet io Statement of Ca%h Flows Notes lo the Financial Sialements 12to23
Base 51 Reference and Administratii'e Details Trustees P Morley, Chair H Banl¢y G KauT M Orozco F mu%fa L Binney N Stevenson. Treasurer P Duckworth S Trivedi M Dunn J Hipkiss L Raddon Jackson Senior Management Team Jo J¢pson. CEO Charity Registration Number 1007702 Company Registration Number 02672194 Registered Office 4a Peachey Sireel Noiiingvham N(TI 4AN Independenl Examiner John O'Brien. employee of Coininunily Accounling Plus Unils l & 2 Nonh We%1 41 Talboi Street Noltingham NGI 5GL Solicitors: Nelsons Solicitors Pennine House 8 Stanford Street Notlingham NGI 7BQ Lloyds Bank PLC 28 Gresham Sireel London EC2V7HN Bankers Page I
Base 51 Trustees Report The trustees, who are directors for the putposes of company law. present the annual report together with the financial stalements and auditors, report of the charitable coinpany for the year ended 31 March 2024. Trustees and orricers The Iru%lees kmd officers serving during Ihe year and since Ihe year end were as follows.. Trustees.. P Morley. Chair H Bartley Kaur M Orozco F Mustafa L Binney N Stevenson. Treasurer (appointed 19 June 2023) P DuLkworth (appointed 5 December 2023) S Trivedi (appointed 18 March ?0?4} M Dunn (appointed 10 June 2024) J Hipki%s (appoinled 10 June 2024) L Raddon Jackson (appointed 5 December 2023) T Knighi (resigned I l April 2024) G Eves (resigned 5 December 2023) M Barnell (resigned 15 June 2024) Structure, governance and management Nature ofgoverning documen¢ The charity is a company limited by guarantee and regislered charity. It is operaled under the rules of its memorandum and articles of assoLiation dated 18th DeLember 1991 and mosl recenily amended 16th December 2018. It has no share Lapital and the liability of each member in the event of winding-up is limited lo £1. Recruilmenl and appoinlmenl oflru51ee5 During this year we have employed a specialist agency Trlol for Profit People. to assist us in recruiting diverse Trustees. who have the skillsel to enable the charity to deliver on current and future objectives. Objectives and activities Objec¢s and aims The objects of the Centre are- ( l) To promote the preservation and protection of the physical and mental health of young persons between the ages of I l and 25 in the City of Nottinghain Nottinghamshire and the East Midland5,' (2) To advance the education of such young persons as aforesaid and to provide in the interests of social welfare facilities for their recreation or other leisure-time occupation. Page 2
Base 51 Trustees Report Objectives, strategies and activilies The main aclivities of Base 51 are in summary; Provision of a young people's Counselling Service, working within our facility. communities and in GP surgeTi¢%' Pro.110n of an open access youth centre. wilh affordable and acce%sible aclivities, welfare and health service all under one roof,. Provi%ion of lJrgeted programmes which address the welfatt of young people. Provi%ion of a Training Academy which 1% central to the quality and a¢Lessibility of safe services for young people in Nottingham and Nottingham%hire. Public benefit The public benefits Ihat flow from purpose { l ) are.. a) improving the ment141 and emolion1L I hei11ih of young peopl¢, so ihai they lead happier lives. b) enabling young people to make h¢alihy decisions and be belter able io cope when ihings go wrong. The public benefits ihal flow from purpose {2) are.. a) to equip young people with the skills and behaviours lo succeed in their chosen path: b) to m&ike po%ilive use of their leisure time. building positive iTrnd supporting peer groups: c) young people to be informed and able to make positive choices. The tru%tees confirm Ih¢lt they have Lomplied with the requiremenls of seclion 17 of the Charitie% Act 201 I to have due regy&ird to the publiL benefit guidance published by the Ch&Wity Commission for Eng7land 4ind Wales. Achievements and performanee The Board of Tru%lee% are incredibly ihankful for the dedicaiion of Ihe leain. their unwavering commitinent to support young people has been inspiralional. They exlend their Ihanks and appreciation io everyone who has supported Base 51 Ihi5 year a5 we move into our new year. in new premises and with new future plan5. During this year w'e coniinued to feel the financial impaci of increasing costs, particularly associated with running costs of NGY. Our priority was to relain as many froni line service5 as possible during thi5 year of transition. Whilst we were unable lo pass any of the rising costs onto others using ihe NGY building we were left no choice but to absorb1055e5 through our reserves. while negotialing new lease ternjs and designing an exit strategy. From 1st Oclober 2023 our lease tem15 changed to a short ter]n 5eThwiced lease arrangement with Nottingham City Council. and we had an exit plan lo move out of NGY by the 31 st March 2024. We are proud to report that our ¢ore service5 were %u¢cessfully retained and this was due to our unwaverinb, dediiation to in¢ome generation dnd entreneurial approach to service development. Counselling.. during thib year we delivered 1373 Sessions across our full ¢ounselling provision. Presenting i55ues include dnxiety, family and relational i55ues, exam 5tre55 and the ongoing impavt uf COVID. This year saw our seLond year in partnership with ABL Health for our Lore service, this serviLe primarily offered a single session inlervenlion. NGY (managing the NGY building); we ivelcomed 4842 young people into NGY during this year, with 107 being new lo our services, some accessing the range of Base 51 sessions. others meeting with the Youth Justice Serwice or joining the Princes Trust programmes. Page 3
Base 51 Trustees Report Open Access Youth Work. during this year we worked with 2791 young people across our universal youth sessions, activilies included gaines nights, arts and crafts, cooking workshops, lopical discussions and film nights. Many young people come lo Base 51 sessions as it is a safe place to meel with friends and just 'hang out,, others need 1-2-1 services and support - this year we had altendances for crisis support. Group Work - Outburst {LGBTQ+). Junior Outbursl, Young Leaders. Art in Mind. OutbuT51 continues to be one of our flagyship services with 130 young people 'hO idenifiy as LGBTQI+ regularly joining sessions, Ihey enjoy a safe SOLial space, meetingF new friends, acti.1t1es and wlecome in gFuest speakers to talk lo ihein about issues th(It LGBTQI+ young people face. This group ivere also ery involved in our media c(Impaigyn in March to raibe awareness of our fundingy challengFes for ihe year ahead. able to speak confidenily and passionately about the impact Ba%e 51 ha% had on their lives. Evolution trauma focu$8ed therapy for young people who have experienLed seTiOU% violence. Thi8 year working with 118 young people who ha(1 experienced trauma. a ioial of 347 one to one coun%elling se%8ion w¢r¥ held c1nd 53 support se%%ions with youih workeTS were also carried out io provide a holistic WTap around erviL¢. Social prescribing. this year we worked with the NNE Primary Care (yroup. and know Priinary Care Network, coniinuing lo d¢'¢10p the young people's social pr¢sLribing projeci. This project includ¢4 a full lime SoLial PresLribing Link Worker, and 8 0.5 FTE Coun5¢11or. additionally we had a part time Hybrid Young People, Menial He6ilih Worker - this role be%pok¢ lo Arrow Healih PCN and was e.elOped with the Clinical Director who identified the benefit to paiienis using this specific model of support. During the year we received 573 referrals of young people referred by their LIP for mental health support. Base 51 Training Academy; during this year we continued lo grow our Training Academy. This year we ran accredited Youih Work Iraininsy courses with youth workers from the community and voluniary sector - which wal funded Ihrougyh a contract with the Poli¢e and Crime Commi%%ioner and delivered youth work Iraii)ii)gy jii P&lrtnership with the East of Enbyldnd Rebyional Youth Work Unit. This year .%dW us launLh our Couii%ellinb ALademy having, gyained 'Centre ReLobynilion'with AIM (yroup. we delivered our first Luhort thi% year with learners Lompletingy within this finanLial year. During this year we supported a total of 39 volunteer roles. these volunteerinup opportunities ran&Fed froin Loun%ellinb'. youth work. fundraising and event% and admini%lralion. Towards the end of thi% year we were SULcessful with a National Lottery Award io expand and develop our Volunteering programme, Ihis mean8 we can provide training and development pathways for all volunteers, supported by a dedicated Volunteer Coordinator. Financial review During this year we saw a significant movement in our restricted funds balance. this was due to our long tenn lease arrangements with Nottingham City Council. Ihe remaining balance of the sinking fund was returned, thi.s value being £107,602. Whilst the City Council took on ihe running and maintenance of NGY from 0111012023 there were residual contracts that we were obliged to maintain and we had an agreement with NCC to reclaim some of these costs that we incurred for day to day servcies, such as cleaning. The ongoing pressure on reserves Teduced our unrestricted balance, this will impact fulure Inestment and operational plans. Policy on reserves Trustees continue to agree reserves at the annual planning meeting each year. a target of six months continues to be our aim. HaN'ing these reserves enables us to continue with critical services for Trwlnerable young people if we experience changes in funding. Longer lem funding challenges are considered in our risk regisler. and built into our income generation strategy. Page 4
Base 51 Trustees Report Principal risks and uncertainlies Financial ri.sks The unrestricted fund deficit recognised during this year of £42,406 reflects the challenging and changTin environinenl that we had to managye through. this follows the previous year of funding cuts, boih created significant challenges that affeLied OUT unre%lricled reserve%. Our ongoing commitinent to operalionq and d¢liv¢Ty l¢am8 were supported through funds. Ihis includes investment into income gen¢ralion and diveTSification. Plans for future periods Aim.1 and kry i•hje£'tive.Iforfulure period. Immediate plans for 2024 included the moving of facililies. the plan to move from NGY into a serviced building in Nottin&yham was realised in April 2024. This move will support our future sustainability plans. reduce ongoing ulilily and maintenance pressures and enable us lo focus on service provision. Future plans currently include working in partnership with a developer. who is renovating and restoring a cold war buildinb,. Ioc1<ted in the Beechd4?le 1< rea of Noltingham. Thi5 deelopment is broadly expected to be completed within 3 years, afterwhich Base 51 intends lo lake up purpose desi&Jned spaces, and sUPPOrt some of the m£in&igyed spaLe bookin&i%, this will enable Blse 51 to work more closley wilh a Loinmunity and build an inLome stre&im whiLh may support lonbv tenn stability for the charity. This plan will be dependant on %ULLe%%ful funding7 lar&yet% beinby met and planningy Lon.sent bein&i in pldLe, stralegyic financial and legial udviLe will be sou&?ht to ensure that Base 51's interests are protected. The &7ovemance of this projeLI .111 be bFiven oversi&yhi by a de%igynaled comrnitlee, (iddilional skills and knowledgye will be introduced io the Board following a skill% audit. Page 5
Base 51 Trustees Report Statement of Responsibilities The Irusl¢es (who ar¢ also the directors of Bas¢ 51 for ihe purw)s¢s of ¢oinpany law) are responsible for pr¢paring Ihe Iiu%tee%' r¢porl and ihe financial %laieinenL% in accordance wilh appli¢abl¢ law and Uniled Kingdoin AL¢oiinling Sianddrd% (Uniied Kingdom Generally Accepied Accounting PT8cli¢e). including FRS 102 "Th¢ Financial R¢porting Standard applicable in Ihe UK and Republic of Ireland" The reporl and accounl have been prepared in acLordance wilh Ihe provi%ions in Ihe Companies Aci 2006 Telaiing small Lompanies. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve ihe financial stateinents unless they are satisfied that they gFive a true and fair view of the state of affaipa of the charitable coinpany and of ihe incoming resources and application of resourLe5, inLluding7 Its income and expenditure, of the charitable company for that period. In preparing these finanLial stalements, the trustees are required to- select suitable accounting policies and apply ihem consistently; observe the methods and principles in the Charities SORP: make judgTements and eslimates that are reasonable and prudent- state whether applicable accounling slandards. comprising FRS 102 have been followed. subject to any material dep&1rtures disclosed and explained in ihe financial statemenis: and prep4ire the finanLi(Il statcmenls on the going conLern basis unleiS it is inappropriate lo pre%ume that the charit(Ible LOmP<iny will Lolliinue in business. The trustees are responsible for keepin&, proper accounting records that can disclose with reasonable accuracy at any time the finanLial po%ilion of the Lharilable company and enable them to en.%ure that the finanLial statements Lomply with the Companies ALI 2006. They are also respon%ible for safeg7uardinb7 the assels of ihe Lhurituble Loinpany and henLe for lakin&i reasonable %leps for the prevention and deleLtion of fraud and other irregyularitie%. Small companies provision statement Thi% report has been prepared in aLLordance with the small companies regime under the Companies ALI 2006. The annual report was approved by the trustees of the charity 0nqthNAW)lw.4 and signed on ils behalf by.. P Morl Trustee Page 6
Base 51 Independent Examiner's Report to the trustees of Base 51 ('the Company,) Independent examiner's report to the trustees of Base 51 ('the Company,) I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's truslees of the Company (and also ils directors for the puOSe5 of company law) you are responsible for the preparation of the accounts in accordance with the requirements of ihe Companies Act 2006 ('Ihe 2006 Act.). Having salisfied myself that the accounls of ihe Company are not required io be audiled under Part 16 of the 2006 ALt and are eligible for independent examinalion, I report in respect of my examinalion of your charity's ccLounls as carried out under section 145 of the Charities Acl 2011 ('the ?01 l Act,). In carrying out my ex(Imination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 ALt. Independenl examiner's statement Sin¢e the Company's gross income exceeded £250,0(K) your examiner must be a member of a body listed in section 145 OF the 201 l Aci. l confim) thai l am qualified io undertake the exaininalion because l ain a member and Fellow of the Association of Charity Independeni Examiners. which is one of the listed bodies. I have completed my ex1& min<1tion. I confinn that no mallers have coine lo my attention in conneclion with the examination giving me cause lo believe that in any material respect: l. accounting records were noi kept in respeci 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 fairf view which is not a matter considered as part of an independent examination; or 4. the aLLount% have not been prepared in aLLordance with the methods and prinLiple% of ihe Sialement of Recommended Practice for accounlingi and reporting by charilie% lapplicable lo charilies preparing, their account% in accordance wilh Ihe Financial Reporting Siandard applicable in ihe UK and Republic of Ireland (FRS 102)]. I have no LonLerns and have Lome aLros.s no other Matte in conneL'lion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. 'Brien MSL, FAIA, FCCA. FCIE. employee of Community A¢¢ounting Plus Fellow of the Asso¢iation of Charity Independent Examiners Units 1 & 2 North West 41 Talbol Street Nottingham NGI 5GL Date:.... Page 7
Base 51 Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Total 2023 Unrestricted Restricted Note Income and End0,MetS from: Donations and legacies Charitable activlties Investment income 162.093 111,029 158 162.093 487,487 158 117.431 419,614 68 376.458 Total income 273.280 376.458 649.738 537,113 Expenditure on: Charit(tble (iLtivities (319,574) {491.786) (811,360) (682,617) Total expenditure (319,574) (491.786) (811,360) (682,617) Net expenditure Transfers between funds (46,294) 4,248 (115.328) {4.248) (161,622) (145,504) Net movement in funds (42,046) (119.576) (161,622) (145.504) Reconciliation of funds Total funds broug7ht forward 268.13? 122.641 390.773 536.277 Total funds carried forward 18 226,086 3.0()5 229.151 390.773 All of the charity's activitie5 derive from coniinuing operations during the above two periods. The funds breakdown for the period is shown in note 18. The notes on pages 12 to 23 forni an integral part of these financial statements. Page 8
Base 51 Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) These are the figures for the previous accounting period and are included for comparative purposes Unrestricted Restricted Total funds funds 2023 Note Income and Endom'ments from: Donation% and legaLie Ch¢iritabl¢ aLtiviti¢% Inve%tmeni income 17,431 135,253 68 117,431 419,614 68 284.361 Total Income 252,752 284.361 537.113 Expenditure on: Charitable activities (335.036) {347.581) (682.617) Total expenditure (335.036} (347.581) (682.617) Net expenditure Transfers between funds (82.284) 132.271 (63,220) {132,271) (145,504) Net movement in funds 49.987 (195,491) (145,504) Reconciliation of funds Total fund% brought forward 218,145 318.132 536.277 Total funds carried fonvard 268.132 12?.641 390.773 The notes on pages 12 to 23 forni an integral part of these financial statements. Page 9
Base 51 (Registration number: 02672194) Balance Sheet as at 31 March 2024 2024 2023 Iyote Fixed assets Tangible assels 12 1.490 2,558 Current assets Debtors Cash at bank and in hand 13 55.986 236.738 75,932 339.264 14 292.724 415,196 Creditors: Amounts falling due within one l'ear 15 (65,063) (26,981) Net current assets 227.661 388,215 Net assets 229.151 390.773 Funds of the charity: Restricted income funds RestriLl¢d funds 18 3.065 122.641 Unrestricted income funds UnrestriLted funds 226.086 268,132 Total funds 18 229.151 390.773 For the financi411 year endingy 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in queslion in aLLordanLe with section 476; and The direLtors aLknowledge their respon.8ibilities for ¢omplying with the requirements of the ALt with re8peLt to aLLounting reLord% and the preparation of aLcounts. These financial 5tatement5 have been prepared in accordance with the Special provisions relating to companies subject to the small cotnpanies regime wiihin Part 15 of the Coinpanie5 Aci 2006. The financial statements on pages 8 to 23 were approved by the trustees. and authorised for issue on 6th Novernber 2024 and signed un their behalf by= N Stevenson Trustee The notes on pages 12 to 23 forni an integral part of these financial statements. Page 10
Base 51 Statement of Cash Flows for the Year Ended 31 March 2024 2024 2023 Note Cash floivs from operydting activitie5 Net cash expendilure (161,622) (145,504) Adjustments to cash flows from non-c2sh items Depreciation Investment income 1.068 (158) 8.866 (68) (160.712) (136,706) Working capital adjustments Decrease in debtors ncrease in credilors Decrease in defeed income 13 15 15 19,946 38,082 53,690 9.691 (26,794) Net L&8h flow8 from operating aLlivities (102.684) (100,119) Cash flows from Investing aelivilies Interest receivable and similar income PurLhase of tangible fixed assets 158 68 (550) 12 Net cash flows from investing activities 158 (4112) Net deLrease in cash and cash equivalents (102.526) (100.601) Cash and cash equivalents at l April 339.264 439,X()5 Cash and cash equivalents al 31 March 236.73 339.264 Reconciliation of net cash llow to movement in nel funds DeLrease in cash (102,526) (100,601) Net funds al l April 2023 339.264 439,865 Net funds al 31 MarLh 2024 236.73 339,264 All of the cash flows are derived from conlinuing operations during ihe above two periods. The notes on pages 12 to 23 forni an integral part of these financial statements. Pagell
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policies Summary of significant accounting policies and kev accounting estimates The principal accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consislently applied to all the years presented, unless oiherwise stated. Stydtement of compliydnee The financial statements have been prepared in accordance with Accountingy and Reporting, by Charities- St<ltemenl of ReLommended Practice (applicable lo charities preparing their accounls in accordance w'ith the FinanLi<tl Reporting St<tnd¢trd appliLable in ihe UK and Republic of Ireland {FRS 102)) (issued in OLlober 2019) {Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation ci%¢ 51 Tneet% th¢ definition of (I publiL benefit entity under FRS 102. A%%el% &ind li(Ibililies iire initially reLog¥ni%ed al hi%loriL&il LL)sl or tran%aLtion Viilue unless otherwise stated in the relev<t &lLLounling' poliLy nole%. Going concern The tin<inLial %l<itemenls h&ive been prepared on a going concern basis. Income and endowments Voluntary income inLluding7 donations, gifts, legaLies and grants Ihal provide Lore funding or are of a gieneral nature is recogFni%ed 'hen the charily has eniiilemeni lo Ihe income. il is probable thai the income will be received and the amouni can be measured wilh sutricieni reliabilily. Diinotinn.i and legacie.I Donations are recogni5ed when ihe charity has been nolified in writing of both the amount and settlement date. In the event thal a donation 15 subjecl to conditions thal require a level of performance by the charity before the charity is entitled to Ihe fund5. the income is deferred and not recognised unlil either those conditions are fully mel. or the fulfilmenl of those conditions is wholly wiihin the conlrol of ihe charity and il is probable thal Ihese conditions will be fulfilled in the reporting period. Gronh" reeeivuble Grants are recogni5ed when the charity has an enlitlemenl lo the funds and any conditions linked to the grants have been mel. Where pert"omiance conditions are attached to the grant and are yet lo be met, Ihe incoille is recognised as a liability and included on the balance sheet as deferred income to be released. Expenditure All expenditure is recognised once there is a legal or constructive obligation to ihat expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocaled to the applicable expenditure heading that aggregale similar costs to that category. Where costs cannot be directly attributed to particular headings they hai'e been all(Kated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the a55et's use. Other support costs are allocated based on the spread of staff costs. Page 12
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 Charilable activilies Charitcible expenditure comprises those costs incurred by the charity IT) the delivery of ils actiTr'ities and service5 for its benefiLiaries. li includes both costs ihal Lan be allocaled directly lo such activities and Ihose Losts of an indireLI nclture neLessary to SUPPOrt them. Government grants Govemment grant8 are recognised based on the accrual model and are measured at the fair value of the atstset received or rec¢ivabl¢. Grant% are Lla%%ifi¢d a% relating either to r¢enue or lo assel%. Grants relating to revenue are r¢cogni%ed in inLome over ihe period in ivhiLh the rclated co%L% are reLognised. Grants relating lo a%%'el%' are reLogni%¢d over the cxpcLt¢d u%clul lifc of th¢ a%%et. Wh¢r¢ part of a grant r¢lJting to an a%%¢1 ]% d¢f¢rred, it 1.4 recogni%ed a% deferred income. Taxation The charity is considered io pass th¢ tests sel out in Paragraph I Schedule 6 of ihe Finance Act 2010 and ther¢for¢ it meets ihe definition of a chari111 bl¢ company for UK corporation lax purposes. Accordingly. the charity is potentially exempi Irom t41xaiion in respect of incoine or capital g42ins received wiiliin C¢llegorie.4 covered by Ch14 pler 3 P¢1rt 1 l of the Corporaiion Tax Act 2010 or Seciion 256 of ihe Taxation of Chargeable Gains Acl 1992, 10 the exleni that such income or gains are applied exclusively lo charitable purposes. Tangible fixed assels Indi¥'idu<il fixed a.%.%els io.%lin& £100 or more are initially recorded at cost. less any subsequent accuinulated depre¢ialion subsequent lumUlated impalmient losses. Depreclalion and amortlsation Depr¢Lialion 1,% provided on langyible fixed assets so as lo wyite off the cost or valuation. less any estimated residual value. over iheir expected useful economic life as follows: Asset class Furnilure & equipment Computer equipment Depreclatlon method and rate 15.0 /0 straight line 33.3 % straight line Trade debtors Trade debtor% are amount,$ due from Luslomen% for mer¢handise bold or servi¢es perforn]ed in the ordinary ours¢ of business. Trade debtors are recognised initially at the transaLlion price. They are subsequently measured al amortised cost utsing the etTeLlive interest method. less provision for impainnenl. A proN'ision for the impainnenl of Irade debtors is established when there is objeLtiN'e evidence thal the charity will not be able to LolleLt all amounls due auLording to the original tenns of the reLeivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-tenn highly liquid investments Ihal are readily convertible to a known amount of cash and are subject to an insignificanl risk of change in value. Page 13
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 Trade ereditors Trade creditors are obligations lo pay for goods or ]CeS ihal have been acquired in the ordinary cour%¢ of bu%ine%% from siippliers. Ac¢ounls payable are cla88ified as curreni liabililies if the vharily does nol hav¢ an un¢ondilional righi, al the end of the reporling period, to defer seiilemeni of the crediior for al l¢asl Iwelve monihts afi¢i th¢ r¢porling date. If th¢r¢ 1% an uncondilional right io defer %etil¢meni for ai l¢asl Iwelve monihs after the reporling date. they are presenled as non-cuffenl liabililies. Trade creditors are recogntsed initially at the transaction price and subsequently measured al amortised cost using the etfeclive interest method. Fund Structure Unrestricted income funds ar¢ general funds that are availabl¢ for us¢ at the trustees, discretion in furtherance of the objectives of the charity. Re%lriLl¢d inLome fund% tho%e granL% for use in a particular area or for 4peiific pury)ose%. the u4e of whiLh is re%triLt¥d to that ed or pury)0se. Pt'nsions and othLr post retirement oblig*tions Th¥ Lh<irily opLr411L% ¢1 dL'finLd Lonlribution pLn%ion scheme for employee%. The of the 4Lheme are held 8ep4ifctlely from tho%e of the Lharily. Pension Lo%ls ch¢irgFe4 in the Statement of Financial ALtivili¥% repre%ent the contribuiions payable by the charity during the year. Page 14
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 2 Income from donations and Icgacies Unrestricted funds General Total 2024 Total 2023 Donations and legacies; Donalions from companies, trusls and similar proceeds Grants. including capital grants; (iovernment granls 127,463 127.463 117,431 34,630 34,630 16?,093 162.093 117,431 3 Income from charitable activities Unrestricted funds General Restricted funds Tot21 2024 Total 2023 Grant income Room hire income Oiher income Contracts 121,214 56,581 121.214 56,581 33,1107 275.885 20,485 90.004 2,250 306.X75 33,807 77,222 1911.663 111.029 376,458 487.487 419.614 Page 15
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 4 Grants & donations Unrestricted funds Restricted funds Total The Multiplayer (iroup Mazars Charitable Trust New Art Exchange Notts PCC Nottingham Playhouse Refugee Forum. The Sycamore Centre The Nalional Lottery Community Fund - RC Midlands Region The Henry Smith Charity Morrisons Foundation Crowdfunder B&Q Found<ltion Hedley Found<ltion Corporc1te donations Sundry donations 1.000 13.500 300 1.000 13,500 300 34,630 44,097 700 78,727 700 2.500 2.500 59,117 59.117 53.000 7.000 4.991 8.000 3.OUO 32.221 19.251 53.000 7.000 4.991 8.000 3.000 32.221 19.251 162,093 121.214 2113.307 5 Investment income Unreslricted funds General Total 2024 Total 2023 Interest reLeivable and similar inLome: Interest reLeivable on bank depo.sits 158 158 68 Page 16
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 6 Expenditure on charitable Ydctivities Unrestricted General funds Restricted funds Total 2U24 Total 2U23 Salaries Nl & pensions Staff iravel Depreciation Utilitie% Premitse% in%uranLe Property repair% & maintenance Carelciking TL.IL'phone & internel Adverti%ing & publiLations Compul¢r running LO%t Mi%L¥llaneou% expen%e% R¥fre%hment% & ho8pit(Ilily Project cost Other agyenLie% & Lonsuliants fees Staff Iraining & 8upervisory costs Coun%ellingT co%IS Printing & slalionery ALLountanLy fees Bank charges First aid Sewerage & waste Licenses Insurance Grants paid Recruitment Fundraising Volunleer expenses Sinking fund repayment 215.280 173 246,360 .395 1.068 19.323 7.713 45,418 40.972 1.547 876 461.640 1,568 1,068 19,323 7,713 45.488 42,061 17,159 2,469 24,684 7,388 1,858 1,050 25,832 6,1184 830 3,()12 1,980 650 476,706 1,244 8,866 20,578 15,846 24,550 42,238 18,284 2.932 20,107 70 1,089 15.612 ,593 24.684 7,388 1.858 535 6.315 2.577 2.694 2.988 15,458 4.380 515 19.517 4,307 830 2,208 1.98U 545 1.404 ().828 1.944 933 174 2.957 1.494 2.929 420 1.056 6.579 432 105 3.790 1.168 3,790 1,770 7,023 10,236 1,156 6,350 176 107.602 602 7.023 10.236 1.156 580 24 107.602 5,770 152 319.574 491,786 811.360 682.617 Page 17
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 7 Net incomingloutgoing resources Net oulgoing r¢sourc¢% for ihe year include.. 2024 2023 Depreciation of fixed assets 1.068 8,866 8 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs during the year were: Wages and S<21<2ries Social security costs Pension costs 416.167 27.450 18.023 436.301 21.831 18.574 461.640 476,706 The monthly average number of persons (including senior management team) employed by the charity during the Ye was ats follow%'. 2024 No 2023 No A verage number of employees 25 26 13 (2023 - 14) of the above employees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension SL'hemes for the year totalled £18,023 (2023 - £18.574). The number of employees who.se emoluments fell within the following bands was.. 2024 2023 £60,001- £70,000 The total employee benefits of the key management personnel of the charity were £66,232 (2023 - £61,354). 9 Trustees remuneration and expenses No truslees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page 18
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 10 Fees payable to independent examiner During the period, th¢ fee% payable (excluding VAT) io Ihe charity's independenl exaininer Communily Accounting Plus are analysed a5 follow5: 2024 2023 Independent examination Other financial services 1.650 3.814 1,620 4,119 5.464 5,739 I l Related party Iransaclions There were no related party transactions in ihe year. 12 Tangible fixed assets Furniture and equipment Compuler equipment Total Cost At l April 2023 76.577 41.962 118.539 At 31 March 2024 76.577 41.962 118.539 Depreciation At l April 2023 Char&Fe for the year 74.019 1.068 41.962 115.981 1.068 Ai 31 March 2024 75.087 41,962 117,049 Net book value At 31 March 2024 1.490 1.490 At 31 Mar¢h 2023 2.558 2.558 13 Debtors 2024 2023 Trade debtors Prepayments Accrued income Other debtors 25,382 3,444 64,331 8,565 3,023 13 27,160 55,986 75,932 Page 19
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 14 Cash and cash equivalent5 2024 2023 Cash on hand Cash at bank 137 339.127 236.733 236.738 339.264 15 Creditors: amounts falling due within one )'ear 2024 2023 Trade creditOT% Other IatiOn and %OLial %ecurity Accrualts 42,104 18,673 4,286 9,785 9,964 7.232 65.063 26.981 16 Charity status The charity is a company limited by guarantee and consequently does not have share capital. EaLh of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidalion. 17 Taxation The charity is a registered charity and is Iherefore exempt from taxaiion. Page 20
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 18 Fund5 Balance at 31 March 2024 Balance at I April 2023 Incoming resources Resources expended Transfers Unrestricted funds General General 268,132 273,280 (319,574) 4,248 226,086 Restrieted funds NGY NGY Sinking Fund Academy Evolution Outburst SoLial Pre%Lribing Youth ProjeLt Communiiy Art Therapist Step up lo Inspire projeLI 56.581 (127.396) (107.602) {45,963) {23,197) {10.627) {89,893) {41.056) (6,676) {39,376) 70,815 {15,039) (29,027) (5,413) 3.260 {26,413) (2.431 } 122.641 74.990 28.610 7.367 116.306 43.487 9.741 39.376 3.065 Total restrlcted funds 122.641 376.458 (491.7116) (4.24X} 3.065 Total funds 390,773 649.738 (811.360) 229,151 The transfers from the Youth Project. Academy. Evolution and Social Prescribing funds to the General fund represent Contributions towards core costs. The transfer from the General fund to the NGY and Outbursi funds is lo Cover the deficit on these activities. The tran%fer from the NGY Sinking fund to the General fund relates to activitie% which have Leased. and the release of any restri¢lions on the use of these fund%. The 5peLifi¢ purposes for whilh the funds are to be applied are as follows: NGY City Coun¢il. This fund hab been established to run the NGY building and serviies therein for young people. NGY Sinking Fund - City Council. Thebe are fiAnds set aside to cover future building costs. Evolution is supported by the OtTice of the Police and Crime Commissioner and Nottinghamshire Violence Reduction Unit, and 'OrkS Wlth young people who have been affecied by serious violence. It offers an acce55 to tralima infonned therapy and one to one support. Outburst is a programme providing support for a group of young LGBTQ+ people. Social Prescribing - this projecl includes a full lime Social Prescribing Link Worker. and a 0.5 FTE Counsellor. During the contracted period ( froin August 2021) we delivered 70 sessions to young people who had been referred by their GP for mental health support. Youth Project - activilie5 included game5 night5, arts and crnfts, cooking workshops, topical discussions and film nights. Many young people Lome to Ba5¢ 51 se55i0nb as It 15 a safe place io in¢et with friends and just 'hang out,, others need 1-2-15¢rviceb and 5UPPOrt - this year we had 296 attendances for support. Page21
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 Academy - this year we began delivery on the Youih Work commissioned training, over the year we registered 33 learners on the Level 2 Youih Work courses, 10 learners on Ihe Level 3 and 13 learners on CPD courses. All of these courses wee run face to face from NGY. Community Art Therapist - this projecl offers an art iherapy for young people affected by serious violence. Providing choice and control for young people who prefer Ihis as an alternative lo talking therapies, reducing barriers lo engl¢ gFe in therapy and enable them to move forward positively in their lives. Slep up lo Inspire this projecl Lreates a pipeline of 'trusted adults, supporting thein lo improve their employ¢ibility skills and improve levels of confidence. The project offers volunteers a pathway to funded trainingy, workplace experienLe and netw'orks to future einploymenl opportunities. The.se are the./igure.s.for iheprevioii.s accoiinlingperiod and are inc114dedfor comparafii'e purpo.se.¥ Balance at 31 March 2023 Balance at I April 2022 Incoming resources Resources expended Transfers Unrestricted fund5 General tieneral 218.145 252.752 (335.036) 132.271 268,132 Restrlcted Ntiy Ntiy Sinking Fund Academy Evolution Outburst SoLial PresLribing Youth ProjeLt 90.240 (162.973) 72.733 (1118.919) {23.701) {13.501} (8,272) {27.237) 56.626 311.560 122,641 59.966 25.455 14.664 74.7311 19.298 {36.265) {11.954) (6.392) (47.501) {82.496) 6.572 Total restricted funds 318,132 284.361 (347.581) (132,271) 122.641 Total funds 536.277 537.113 (682.617 390,773 Page 22
Base 51 Notes to the Financial Statements for the Year Ended 31 March 2024 19 Analysis of net assets between funds Unrestricted 2024 Total funds Gener21 Restricted Tangible fixed assets Current assets 1.490 289,659 (65.063) 1.490 292.724 (65.063) 3.065 Current liabilities Total nel assets 226,086 3.065 229,151 Unrestricted 2023 Total funds General Restricted Tangible fixed ass¢ts Current a%%ets Current liabilities 2.558 147.064 (26,981) 2,558 415,196 (26,981) 268.132 Total nel a8sets 26X.132 122.641 390.773 Page 23