**Charity Number: 1044254**
## **Southwick Neighbourhood Youth Project**
## **Unaudited Financial Statements**
**for the year ended 31 March 2021**
**Southwick Neighbourhood Youth Project Index**
|**Page No.**||
|---|---|
|1|Legal and Administration Details|
|2 – 4|Trustees’ Report|
|5|Independent Examiner’s Report to the Committee|
|6|Unaudited Statement of Financial Activities|
|7|Unaudited Balance Sheet|
|8|Unaudited Statement of Cash Flows|
|9 – 13|Notes to the Unaudited Financial Statements|
## **Southwick Neighbourhood Youth Project**
## **Legal and Administration Details Charity Number: 1044254**
## **Trustees**
C. Roper C. Williams A. Russell S. Kaur S. Callaghan H. Lorraine C. Bromfield (Appointed January 2021) M. Butler
## **Address**
271 Southwick Road Southwick Sunderland SR5 2AB **Chairperson**
C. Williams **Secretary** S. Kaur **Treasurer**
A. Russell
## **Independent Examiners**
Torgersens Somerford Buildings Norfolk Street Sunderland SR1 1EE **Bankers** Barclays Bank UK Plc 53 Fawcett Street Sunderland SR1 1RS **Solicitors** Ben Hoare Bell 47 John Street Sunderland SR1 1QU
Page: 1
**Southwick Neighbourhood Youth Project Trustees’ Report for the year ended 31 March 2021**
## **Constitution**
The charity Southwick Neighbourhood Youth Project (SNYP) is incorporated under a Constitution which sets out the objectives and purposes of the Charity. The financial statements comply with current statutory requirements and the requirements of the Constitution.
## **General Information and Objectives**
SNYP, which has been a registered charity since 1995, is a long running project set up to work with 8 – 25 year olds in order to alleviate the social consequences of poverty in this extremely deprived area of Sunderland.
We aim to encourage self-help and provide information and support so that the young people gain confidence and skills that enable them to live more fulfilled lives. Each year SNYP deals with approximately 500 individual young people within the building and via the detached work we undertake.
The work the charity undertakes in response to the identified needs of the young people is delivered in an informal atmosphere where each person is treated equally, with respect and as an individual.
We offer a wide programme of activities and youth work sessions which include mixed gender evening drop-in sessions, single gender sessions where issues can be discussed openly and more in depth for those aged 11 – 18 years.
We provided junior sessions for 8 – 11 year olds at which they can make new friends, familiarise themselves with the project and workers, develop their creativity and skills of social interaction in a safe environment whilst addressing issues such as bullying and safety at home and in society in general.
In respect of our employment/education and training support, each young person is offered an individual programme of guidance and support to enhance their opportunities for future success and development.
The project also offers a free contraceptive programme for young people aged 14 years and above who register with the C- Card scheme operated by the NHS and Sunderland City Council.
Throughout the year we aim to widen young peoples’ horizons, which provides them with essential social education by organising trips, outings and activities outside of their familiar area. Young people are encouraged to take an active part in planning and evaluating these events, encouraging them to have confidence in themselves, and acknowledge their ability to change their own environment.
In all our work the project strives to remain independent and be able to work with young people without imposing any agenda set by other adults or political strategies. In short, we are a project belonging to the young people, thereby fostering a sense of ownership and self-worth.
## **Public Benefit Statement**
The trustees have had regard to the Charity Commission guidance on their legal duty on public benefit, and are satisfied that the charity delivers public benefit, and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake.
## **Review of Activities**
During the year SNYP has received substantial funding from The Sunderland All Together Consortium, National Lottery community fund, Sunderland City Council and Rise North East, alongside other smaller but equally important funders who support the work and ideology of the charity.
The property from which SNYP operates was transferred from Old Town Hall Trust during the year for no consideration. The property has been included in the financial statements at a value of £657,758.
On behalf of the young people, the trustees would like to express their thanks to all donors for their generosity and acknowledge that without this support the project could not continue to serve their identified needs. Thank you.
We measure the success of our work through the difference we make and the changes we see in the young people. Their individual outcomes are varied, as is their journey with the project.
Over the course of the last year our project has had to change and adapt delivery to fit in with government guidelines imposed during the pandemic. As such our work has included digital youth work, a greater focus on outdoor activites and increasing the support we offer to the wider community.
We meet our charitable objectives through all of the work we undertake at the project, each activity has meaningful and measurable outcomes. We strive to have the voice of young people at each level of our operation, ensuring that they are leading and guiding the work we do on their behalf.
Page **:** 2
**Southwick Neighbourhood Youth Project Trustees’ Report for the year ended 31 March 2021**
## **Organisational Structure**
The charity is managed by a committee elected at the AGM each year and, subject to termination of office by resignation or otherwise, shall remain in office until their successors are elected at the next AGM following their election. The committee shall have the power to fill any vacancy that may occur. The retiring member of the committee shall be eligible for reelection. To recruit and appoint new trustees we advertise through our networks including the Voluntary and Community Sector Network in Sunderland and the Sunderland All Together Consortium. We have information displayed in the project for young people aged 18+ and parents who are interested too. Many of our trustee positions are often taken up by former employees, students and volunteers who want to continue their involvement in the project beyond their employment or work placements.
The structure of the charity is set up so that the day to day running of the organisation falls to the project coordinator, responsible for fundraising, governance, managing and supervising staff, students and volunteers, enabling delivery of youth services and activities, reporting to stakeholders and networking. The management committee (trustees) oversee the work and receive quarterly reports. They are responsible for any major changes to the organisation and are legally responsible for the charity.
Decisions about day-to-day management of the project are made by the project coordinator, this includes examples such as setting budgets for activities, opening and closing times, agreeing programmes of work, management and risk assessment. Decisions made by the trustees include deciding what new areas to fundraise for, decisions about recruitment of new staff, setting priorities, setting pay scales. All decisions are informed by the people we serve, their thoughts, ideas and needs guide the work.
The management committee consists of 8 trustees elected at the AGM. Additional members can be co-opted at the discretion of the committee, for their expertise in relation to the charity’s objectives. Co-opted members shall be nonvoting members.
## **Reserves Policy**
Due to the diversity of funding avenues and the short term/annual nature of many grants, the charity will aim to maintain minimum free reserves of £25,000 to a maximum of twelve months expenditure in order to ensure the continuity of the project.
The level of reserve believed necessary by the trustees is dictated by the annual core costs of maintaining basic youth provision in line with the Constitution, together with a percentage to act as a bridge between one funding source ending and another beginning in respect of any of the additional development work the project currently undertakes.
The trustees will review and monitor the reserve annually to ensure that the amount is realistic and maintained at the appropriate level in relation to the previous years expenditure.
Additional monies carried forward from one financial year to another will be general reserves.
## **Risk Review**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate our exposure to the major risks.
The COVID-19 pandemic impacted upon the charity and the delivery of services. We adapted and changed to be able to continue to offer support to young people.
The financial impact of COVID-19 means there are less opportunities for fundraising as many major funders changed their priorities and funding guidelines. Of those that have supported the project we have worked closely with them to manage the risk associated with the pandemic and ensure we are still able to meet funding objectives or delay activity if needed.
## **Plans for future periods**
The charity aims to continue to serve the young people of Southwick, ensuring they guide the work undertaken. Plans for the coming year include regeneration of a disused multi use games area, to bring it back into use for the benefit of young people, the charity aims to obtain a lease and upgrade the facilities at Church Street, Southwick.
Page: 3
**Southwick Neighbourhood Youth Project Trustees’ Report**
**for the year ended 31 March 2021**
## **Statements of Trustee’s Responsibilities for the Financial Statements**
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity 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;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ascertain to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2019 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the Trustees:
S. Kaur **Secretary**
Date:
Page: 4
## **Independent Examiner’s Report to the Committee of Southwick Neighbourhood Youth Project year ended 31 March 2021**
I report to the committee on my examination of the financial statements of Southwick Neighbourhood Youth Project for the year ended 31 March 2021.
## **Responsibilities and basis of report**
As the committee of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
**Stephen Torgersen BSc, FCA Torgersens** Chartered Accountants Somerford Buildings Norfolk Street Sunderland SR1 1EE
Date:
Page: 5
## **Southwick Neighbourhood Youth Project**
## **Unaudited Statement of Financial Activities**
## **for the year ended 31 March 2021**
|||**Unrestricted**|**Restricted**|**Total Funds**|Total Funds|
|---|---|---|---|---|---|
||**Note**|
**Funds**|**Funds**|**2021**|2020|
|||**£**|**£**|**£**|£|
|**Income and Expenditure**||||||
|**Income**||||||
|Donation and legacies|2|114,676|40,559|155,235|110,091|
|Other trading activities|3|663,754|476|664,230|439|
|Income from investments||31|-|31|162|
|||_______|______|_______|_______|
|**Total Incoming Resources**||778,461|41,035|819,496|110,692|
|**Expenditure**||||||
|**Expenditure on charitable activities**||||||
|Salaries, wages and NI|6|65,644|38,535|104,179|102,429|
|Lads’ and girls’ group||2,475|-|2,475|7,793|
|Projects||16,665|-|16,665|10,332|
|||______|_______|_______|_______|
|||84,784|38,535|123,319|120,554|
|**Management and Administrative Expenditure**||||||
|Support costs|4|45,528|-|45,528|13,230|
|Management and administration costs|5|1,842|-|1,842|912|
|Grant to institution||-|-|-|-|
|||______|_______|_______|_______|
|||47,370|-|47,370|14,142|
|**Total Expenditure**||132,154|38,535|170,689|134,696|
|**Net Income/(Expenditure)**||646,307|2,500|648,807|(24,004)|
|**Transfer Between Funds**||-|-|-|-|
|||_______|_______|_______|_______|
|**Net Movement on Funds**||646,307|2,500|648,807|(24,004)|
|**Fund Balances Brought Forward at 1.4.20**||70,911|-|70,911|94,915|
|||_______|_______|_______|_______|
|**Fund Balances Carried Forward at 31.3.21**||717,218|2,500|719,718|70,911|
The notes on pages 9 to 13 form part of the unaudited financial statements
Page: 6
## **Southwick Neighbourhood Youth Project Unaudited Balance Sheet as at 31 March 2021**
|**Notes**
**Fixed Assets**
7
**Current Assets**
Debtors and prepayments
Main account
Fund raising and other associated accounts
Petty cash
**Creditors:**
Amounts falling due within one year
8
**Net Current Assets**
**Net Assets**
**Financed by**
Restricted funds
9
Unrestricted funds
9|2,264
27,553
48,996
30
______
78,843
(4,287)|**2021**
**£**
645,162
74,556
_______
719,718
2,500
717,218
_______
719,718|2,435
5,399
65,520
30
______
73,384
(3,647)|2020
£
1,174
69,737
_______
70,911
-
70,911
_______
70,911|
|---|---|---|---|---|
Approved by the Trustees on
_________________________________Trustee
_________________________________Trustee
The notes on pages 9 to 13 form part of the unaudited financial statements
Page: 7
**Southwick Neighbourhood Youth Project Unaudited Statement of Cash Flows**
## **as at 31 March 2021**
|**2021**
**£**
**Cash Flow from Operating Activities**
Net Income
648,807
_Adjustments for:_
Depreciation of Tangible Fixed Assets
13,770
Donation of Property
(657,758)
Other Interest Receivable and Similar Income
(31)
_Changes In:_
Trade and Other Debtors
171
Trade and Other Creditors
640
Deferred Income
-
______
Cash Generated from Operations
5,599
Interest Received
31
______
Net Cash from Operating Activities
5,630
**Cash Flows from Investing Activities**
Purchase of Tangible Assets
-
______
Net Cash Used in Investing Activities
-
**Cash Flows from Financing Activities**
Proceeds from Borrowings
-
______
Net Cash Used in Financing Activities
-
**Net Increase/(Decrease) in Cash and Cash Equivalents**
5,630
**Cash and Cash Equivalents at Beginning of Year**
70,949
______
**Cash and Cash Equivalents at End of Year**
76,579|_
|2020
£
(24,004)
556
-
(162)
13,625
(4,950)
-
______
(14,935)
162
_______
(14,773)
(1,185)
______
(1,185)
-
______
-
(15,958)
86,907
______
70,949|
|---|---|---|
||||
The notes on pages 9 to 13 form part of the unaudited financial statements
Page: 8
**Southwick Neighbourhood Youth Project**
**Notes to the Unaudited Financial Statements**
## **for the year ended 31 March 2021**
## **1 Accounting Policies**
## **a Basis of Accounting**
These unaudited financial statements have been prepared under the historical cost convention and in accordance with:
- i) the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 (SORP 2019)
- ii) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
- iii) the Charities Act 2011.
The unaudited financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these unaudited financial statements are rounded to the nearest £.
## **Going Concern**
There are no material uncertainties about the charity’s ability to continue.
- **b Income from investments**
- Bank interest is included in the Statement of Financial Activities on receipt.
- **c Grants receivable**
- Grants received are credited to income in the period in which the charity becomes entitled to the income and the amount can be quantified with reasonable accuracy. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
## **Coronavirus Job Retention Scheme**
Coronavirus Job Retention Scheme grant income will be accounted for under the accrual model. The income will be recognised in the period to which the underlining furloughed staff costs relate to. The payroll liability has been incurred by the entity, and it has therefore met the conditions to claim for that payroll accounting period.
- **d Donations**
- Income from donations and local fundraising is included in income when receivable.
- **e Fund Accounting**
- Funds held by the charity are either:
- Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
Designated funds – these are set aside by the trustees out of unrestricted general funds for specific future purposes or projects.
Restricted funds – these are funds that 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 purposes of each fund is included in the notes to the financial statements.
- **f Expenditure**
- All expenditure, other than that which has been capitalised is included in the Statement of Financial Activities. The value of purchase invoices received before the year end but not paid until after the year end has also been included in the Statement of Financial Activities. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Page: 9
**Southwick Neighbourhood Youth Project Notes to the Unaudited Financial Statements**
## **for the year ended 31 March 2021**
## **1 Accounting Policies (continued)**
## **g Depreciation**
Depreciation is calculated to write off the cost or valuation, less estimated residual values, of tangible fixed assets over their estimated useful lives. The annual depreciation rates and methods are as follows:
## **2**
|Computer equipment|- 20 - 33 1/3 % straight|- 20 - 33 1/3 % straight|line||
|---|---|---|---|---|
|Fixtures and fittings|- 20%|straight line|||
|**Grants**|||||
||**Unrestricted**|**Restricted**|**Total funds**|Total funds|
||**funds**|**funds**|**2021**|2020|
||**£**|**£**|**£**|£|
|National Lottery|2,500|7,225|9,725|-|
|BCST|-|-|-|100|
|Ballinger Trust|-|500|500|-|
|Foundation of Light|5,000|-|5,000|-|
|Coalfields Regeneration Trust|-|-|-|10,000|
|Barbour Trust|-|1,500|1,500|-|
|Bernicia Foundation|-|10,000|10,000|-|
|OTH|-|-|-|3,522|
|Empower Community|-|2,000|2,000|-|
|Youth Almighty|-|-|-|775|
|Community Foundation|-|-|-|46,613|
|Sunderland City Council|72,500|8,512|81,012|20,054|
|All Together Consortium|2,375|6,153|8,528|4,810|
|HMRC JRS Grants|27,499|-|27,499|-|
|Gentoo Group Ltd|-|479|479|-|
|Oxclose Fund|4,089|-|4,089|13,230|
|Good Things Foundation|313|-|313|937|
|Neighbourly Limited Community Fund|400|-|400|-|
|Rise North East|-|4,190|4,190|-|
|Newcastle University|-|-|-|50|
|The Sheldon Trust|-|-|-|10,000|
||______|_______|_______|_______|
||114,676|40,559|155,235|110,091|
**Grants**
The income from donations and legacies for the charity was £155,235 (2020: £110,091) of which £114,676 (2020: £19,727) was unrestricted and £40,559 (2020: £90,364) was restricted.
## **3**
||**Unrestricted**|**Restricted**|**Total funds**|Total funds|
|---|---|---|---|---|
|**Other Trading Activities**|**funds**|**funds**|**2021**|2020|
||**£**|**£**|**£**|£|
|Miscellaneous income|-|-|-|421|
|Donations/Fundraising|663,754|-|663,754|18|
|COVID-19 Income|-|476|476|-|
||_______|______|_______|_______|
||663,754|476|664,230|439|
The income from other trading activities for the charity was £664,230 (2020: £439) of which £663,754 (2020: £439) was unrestricted and £476 (2020: £nil) was restricted.
Page: 10
## **Southwick Neighbourhood Youth Project**
## **Notes to the Unaudited Financial Statements**
## **for the year ended 31 March 2021**
|**4**
**Support Costs**
Unrestricted
**Unrestricted**
**Restricted**
**Total funds**
Total funds
**funds**
**funds**
**2021**
2020
**£**
**£**
**£**
£
Insurance
1,282
-
1,282
1,300
Cleaning and repairs
1,450
-
1,450
708
Rent
7,308
-
7,308
7,308
Sundries
2,080
-
2,080
669
Affiliations
441
-
441
673
Telephone
787
-
787
1,036
Printing, postage and stationery
526
-
526
833
Depreciation
13,770
-
13,770
556
Bank Charges
125
-
125
147
Legal & Professional
2,533
-
2,533
-
COVID-19
15,226
-
15,226
-
_______
_______
_______
_______
45,528
-
45,528
13,230
**5**
**Management and Administration Costs - Unrestricted**
**2021**
2020
**£**
£
Independent examination
1,842
912
**6**
**Staff Costs and Trustees’ Remuneration**
**2021**
2020
**£**
£
Salaries and social security costs
104,179
102,429
The average number of employees during the year was
12
12|**4**
**Support Costs**
Unrestricted
**Unrestricted**
**Restricted**
**Total funds**
Total funds
**funds**
**funds**
**2021**
2020
**£**
**£**
**£**
£
Insurance
1,282
-
1,282
1,300
Cleaning and repairs
1,450
-
1,450
708
Rent
7,308
-
7,308
7,308
Sundries
2,080
-
2,080
669
Affiliations
441
-
441
673
Telephone
787
-
787
1,036
Printing, postage and stationery
526
-
526
833
Depreciation
13,770
-
13,770
556
Bank Charges
125
-
125
147
Legal & Professional
2,533
-
2,533
-
COVID-19
15,226
-
15,226
-
_______
_______
_______
_______
45,528
-
45,528
13,230
**5**
**Management and Administration Costs - Unrestricted**
**2021**
2020
**£**
£
Independent examination
1,842
912
**6**
**Staff Costs and Trustees’ Remuneration**
**2021**
2020
**£**
£
Salaries and social security costs
104,179
102,429
The average number of employees during the year was
12
12|**4**
**Support Costs**
Unrestricted
**Unrestricted**
**Restricted**
**Total funds**
Total funds
**funds**
**funds**
**2021**
2020
**£**
**£**
**£**
£
Insurance
1,282
-
1,282
1,300
Cleaning and repairs
1,450
-
1,450
708
Rent
7,308
-
7,308
7,308
Sundries
2,080
-
2,080
669
Affiliations
441
-
441
673
Telephone
787
-
787
1,036
Printing, postage and stationery
526
-
526
833
Depreciation
13,770
-
13,770
556
Bank Charges
125
-
125
147
Legal & Professional
2,533
-
2,533
-
COVID-19
15,226
-
15,226
-
_______
_______
_______
_______
45,528
-
45,528
13,230
**5**
**Management and Administration Costs - Unrestricted**
**2021**
2020
**£**
£
Independent examination
1,842
912
**6**
**Staff Costs and Trustees’ Remuneration**
**2021**
2020
**£**
£
Salaries and social security costs
104,179
102,429
The average number of employees during the year was
12
12|**4**
**Support Costs**
Unrestricted
**Unrestricted**
**Restricted**
**Total funds**
Total funds
**funds**
**funds**
**2021**
2020
**£**
**£**
**£**
£
Insurance
1,282
-
1,282
1,300
Cleaning and repairs
1,450
-
1,450
708
Rent
7,308
-
7,308
7,308
Sundries
2,080
-
2,080
669
Affiliations
441
-
441
673
Telephone
787
-
787
1,036
Printing, postage and stationery
526
-
526
833
Depreciation
13,770
-
13,770
556
Bank Charges
125
-
125
147
Legal & Professional
2,533
-
2,533
-
COVID-19
15,226
-
15,226
-
_______
_______
_______
_______
45,528
-
45,528
13,230
**5**
**Management and Administration Costs - Unrestricted**
**2021**
2020
**£**
£
Independent examination
1,842
912
**6**
**Staff Costs and Trustees’ Remuneration**
**2021**
2020
**£**
£
Salaries and social security costs
104,179
102,429
The average number of employees during the year was
12
12|
|---|---|---|---|
||
2020
£
912
2020
£
102,429||
2020
£
912|
|||
12||
The expenditure on salaries and social security costs for the charity was £104,179 (2020: £102,429) of which £65,644 (2020: £809) was unrestricted and £38,535 (2020: £101,620) was restricted.
Trustees received no remuneration (2020: £nil) and were not reimbursed for any of their expenses during the year. During the current year no members of staff received more than £60,000.
The key management personnel of the charity comprise the trustees and the project co-ordinator. The total employee benefits of the key management personnel of the charity were £33,043 (2020: £34,076).
## **7**
## **8**
|**Tangible Fixed Assets**
**Computer**
**Fixtures**
**Buildings**
**equipment**
**and fittings**
**£**
**£**
**Cost**
At 1 April 2020
-
27,637
8,915
Additions
657,758
-
-
Disposals
-
(26,211)
(5,954)
_______
______
______
At 31 March 2021
657,758
1,426
2,961
**Depreciation**
At 1 April 2020
-
26,723
8,655
Charge for the year
13,155
517
98
Disposals
-
(26,211)
(5,954)
______
______
______
At 31 March 2021
13,155
1,029
2,799
**Net Book Value**
At 31 March 2021
644,603
397
162
At 31 March 2020
-
914
260
**Creditors: Amounts falling due within one year**
**2021**
**£**
Taxation and social security costs
1,828
Accruals and Deferred Income
1,959
Other Creditors
500
_______
4,287|**Total**
**£**
36,552
657,758
(32,165)
_______
662,145|**Total**
**£**
36,552
657,758
(32,165)
_______
662,145|
|---|---|---|
||
35,378
13,770
(32,165)
_______
16,983||
||
645,162||
||
_
|
1,174|
|||
2020
£
1,998
1,649
-
______
3,647|
Page: 11
## **Southwick Neighbourhood Youth Project**
## **Notes to the Unaudited Financial Statements**
## **for the year ended 31 March 2021**
|**9**
**Movement on Funds**
**Restricted funds**
Ballinger Trust
Barbour Trust
Bernicia Foundation
Empower Community
Gentoo Group Limited
National Lottery
Rise North East
Sunderland All Together
Sunderland CC – Raising Aspirations
COVID Income
**Unrestricted funds**
Designated funds
Capital Fund
General Funds|**Funds**
**B/fwd**
**£**
-
-
-
-
-
-
-
-
-
-
_______
-
1,174
69,737
_______
70,911
70,911|**Income**
**Expenditure**
**Transfers**
**£**
**£**
**£**
500
(500)
-
1,500
(1,500)
-
10,000
(7,500)
-
2,000
(2,000)
-
479
(479)
-
7,225
(7,225)
-
4,190
(4,190)
-
6,153
(6,153)
-
8,512
(8,512)
-
476
(476)
-
_______
________
______
41,035
(38,535)
-
657,758
(13,770)
-
120,703
(118,384)
-
_______
_______
______
778,461
(132,154)
-
819,496
(170,689)
-|**2021**
**Funds**
**C/fwd**
**£**
-
-
2,500
-
-
-
-
-
-
-
_______
2,500
645,162
72,056
_______
717,218|
|---|---|---|---|
||||
719,718|
## **Purpose of Restricted Funds**
Ballinger Trust Barbour Trust Bernicia Foundation Empower Community Gentoo Group Ltd National Lottery Rise North East Sunderland All Together Sunderland CC – Raising Aspirations COVID Income
Towards food distribution and children’s activity kits.
Towards resources to provide a walking group for young people. Towards salary costs.
Towards starting a podcast. Towards starting a podcast. Towards community work project. Towards providing a walking group for young people. Towards project costs and activities for young people.
Towards resources and activities to raise aspirations of young people. Towards buying shopping for the donors during lockdowns.
|**Movement on Funds**
**Restricted funds**
**Funds**
**B/fwd**
**£**
Coalfields Regeneration Trust
-
Community Foundation – Wellesley T Fund
-
Community Foundation – Chapman Fund
-
Community Foundation – Sir Tom Cowie Fund -
Community Foundation – Hokey Cokey Fund
-
OTH
-
Sunderland CC – Raising Aspirations
-
Sunderland CC – Holiday Activities
-
Sunderland CC – Positive Steps
-
Sunderland CC – Lights out
-
Virgin Money
29,381
The Sheldon Trust
-
Youth Almighty
-
_______
_
29,381|**Income**
**Expenditure**
**Transfers**
**£**
**£**
**£**
10,000
(10,000)
-
8,690
(8,690)
-
25,000
(25,000)
-
10,430
(10,430)
-
1,893
(1,893)
-
3,522
(3,522)
-
13,039
(13,039)
-
4,500
(4,500)
-
1,360
(1,360)
-
1,155
(1,155)
-
-
(29,381)
-
10,000
(10,000)
-
775
(775)
-
______
________
_______
90,364
(119,745)
-
|**2020**
**Funds**
**C/Fwd**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
_______
-|
|---|---|---|
Page: 12
## **Southwick Neighbourhood Youth Project Notes to the Unaudited Financial Statements**
## **for the year ended 31 March 2021**
## **9 Movement on Funds** _**(continued)**_
## **Unrestricted funds**
|**Unrestricted funds**||||||
|---|---|---|---|---|---|
|Designated funds
Capital Fund
General Funds|545
64,989
_______
65,534
94,915|-
20,328
_______
20,328
110,692|(556)
(14,395)
_______
(14,951)
(134,696)|1,185
(1,185)
______
-
-|1,174
69,737
______
70,911|
||||||
70,911|
## **Purpose of Restricted Funds**
Coalfields Regeneration Trust Towards salary costs. Comm Found – Wellesley T Fund Towards work improving health and well being of young people. Comm Found – Chapman Fund Towards work promoting mental health and well being of youths. Comm Found – Sir Tom Cowie Fund Towards delivering single gender youth work. Comm Found – Hokey Cokey Fund Towards salary costs for an additional sessional worker. OTH Towards salary and resources cost for several projects. Sunderland CC – Raising aspirations Towards resources and activities to raise aspirations of young people. Sunderland CC – Holiday Activities Towards activity costs. Sunderland CC – Positive Steps Towards resources to provide a walking group for young people. Sunderland CC – Lights out Towards resources for the Lights out Halloween project. Virgin Money Towards salary costs. The Sheldon Trust Towards salary costs. Youth Almighty Towards a trip to a theme park / zoo.
Towards work improving health and well being of young people. Towards work promoting mental health and well being of youths. Towards delivering single gender youth work. Towards salary costs for an additional sessional worker. Towards salary and resources cost for several projects.
Towards resources and activities to raise aspirations of young people. Towards activity costs.
## **10 Analysis of Net Assets between Funds**
|**Restricted**
**£**
Fixed assets
-
Net current assets
2,500
Capital grant reserve
-
_______
2,500
**Restricted**
**£**
Fixed assets
-
Net current assets
-
Capital grant reserve
-
_______
-|**Unrestricted**
**General**
**Designated**
**£**
**£**
-
645,162
72,056
-
-
-
_______
_______
72,056
645,162
**Unrestricted**
**General**
**Designated**
**£**
**£**
-
1,174
69,737
-
-
-
_______
_______
69,737
1,174|**2021**
**Total**
**£**
645,162
74,556
-
_______
719,718|
|---|---|---|
|||
**2020**
**Total**
**£**
1,174
69,737
-
_______
70,911|
Page: 13