Charity Number: 1044254 C(YriYm1 £41 (Tr1 gbbl Southwick Iyeighbourhood Youth Project Unaudited Financial Statements for the year ended 31 March 2024
Southwick Neigbbourhood Youth Project Contents Page No. Legal and Administration Details Trustees, Report Independent Examiner's Report to the Committee Unaudited Statement of Financial Activities Unaudited Balance Sheet Unaudited Statement of Cash Flows 9-15 Notes to the Unaudited Financial Statements
Southwick Neighbourhood Youth Projeet Legal and Administration Details Charity Number: 1044254 Trusttts C. Roper C. Williams A. Russell- Resigned 3110312023 S. Kaur S. Callaghan- Resigned 3110312024 H. LoLTdiDe- Resigned 3110312024 T Middleton- Resigned 0111212023 J Robertson Address 271 Southwick Road Southwick Sunderland SR5 2AB ChY4irperson C. Willialns Secretary S. Kaur Treasurer A. Russell- Resigned 3110312024 J Robertson Independent Exanjiners Torgersens East Suite. Ground Floor Avalon House St Catherine's Court Sunderland SR5 3XJ Bankers Barclays Bank UK PIC 53 Fawcett Street Sunderland SRI IRS Solicitors Ben Hoare Bell 47 John Street Sunderland SRI IQU Page: I
Southwick Neighbollrhood Youth Project Trustees, Report for the year ended 31 Mareh 2024 Constitution The charity Southwick Neighbourhood Youth Project (SNYP) is incorporated under a Constitution which sets out the objectives ond purposes of the Charity. The fmancial 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 Tunning 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 infonnation and support so that the young people gain confidence and skills that enable them to live more fulfilled lives. Each year SNYP deals with approxirnately 500 individual young people within the building and via the detached WO we undertake. The work the charity undertakes in response to the identified needs of the young peopl¢ is delivered in an infomal atmosphere where each pcrson is treated equally. with respect and as an individual. We offer a wide Progtallllne of activities and youth work sessions for young people who want access to safe spaces and supportive adults, within these sessions issues can be discussed openly and more in depth for those aged I1- 18 years. We provided junLOT sessions for 8 - 1 l year olds at which they can make n¢w friends, famKliarise themselves with the project and workers, develop their creativity and skills of social interaction in a safe enviTOllment whi15t addressing issues such as bullying and safety at home and in society in general. In respect of our employmenLleducation 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 roject also offers a free contraceptive programme for young people aged 14 years and above who register with the C- Car eme 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 organislng 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 strategie5. In short, we are a project belonging to the young people, thereby fostering a sense of ownership and self-worth. A lasting legacy of the work we undertook during the COVID-19 pandemic is that we expanded our services to include support to the wider community that the young people belong to. We now offer family 5UPPOrt such a5 food bank acces benefits advice and employment support. We host solne activities for younger and older members of the community too, including toddler groups and social events for older residents. Public Benefit Statement The trustees have had regard to the Charty Commission guidance on their legal duty on public benefrt, and are satisfied that the charity delivers public benefit, and due regard is paid to the guidallce on public benefit when deciding on what new projects the charity should undertake. Review of Activitie5 Our main funders over the last year include the Sunderland All Together Consortium, Sunderland City Council. BBC children in Need, rhe Youth tnvestment Fund and the Community Foundation of Tyne and Wear, alongside other smaller but equally iMporLt funders who support the work and ideology of the tharity. 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 5UPPOrt the project could Dot 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 Varie as is their journey with the project. Over the course of the last year we have continued to broaden the work we do to encompass the wider community and their identified needs. we have offered this additional support alongside our youth work programme, blending the two together and adapting to the realization that by offering support to a wider group, the young people will ultimately benefit and their lives be improved. 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, en5wing 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 Marcb 2024 Organisational Structure The charity is managed by a committee elected at the AGM each year anl subject to terniination of office by resignation or otherwise, shall remain in office until tbeir 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 re- election. To r¢cruit and appoint new Irustees we advertise through our networks including the Voluntary and Community Sector Network in Sunderland and the Sunderland All Together Consortium. We have infonnation displayed in the project for young people aged 18+ and parents who are interested too. Many of our trustee positions are often iaken up by former employees, students aDd volunteers who want to continue their involvement in the project beyond the employment or work placements. The StctUre of the charity is set up so that the day to day running of the organisation falls to the youth and community work coordinator and the strategic development worker, responsible for thndr&ising? governance. managing and supervising staff. students and volunteers, enabling delivery of youth services and activities, reporting to stakeholders and networking. The ftnanagement 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 managem¢nt of the projed ar¢ made by the youth and community coordinator and the youth careers worker, this incjudes examples such as setting budgets for activities, opening and closing time4 agreeing programmes of worL management and rlsk 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 e iDforn)ed 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-opled at the discretion of the committee, for their expertise in relatlOD to the charity's objectives. Co-opted members shall be non- voting members. Reserves Poliey Due to the diversity of funding avenues and the short ternilannual natyre 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 percentsge to t as a bridge between one funding source ending and another beginning in respect of any of the additional development work the projecl currently undertakes. The trustees will review and monitor the reserve annualty to ensure that the amount is realistic and maintained at th¢ appropriate level in relation to the previous years expenditure. Additional monies Caled forward from one fmancial year to another will be general reserves, Risk Review The trustees have assessed the major risks to which the charity is expose¢ in particular those related io the operations and fmances of the charity and are satisfied that systems are in place to mitigate our exposure to the major risks. 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 are4 to bring it back into use for the benefit of young people. The r¢generation of the land at Church Street is ongoing. We now have a long lease from the city council so can begin work to upgrade and improve the facility Cor young people. Page: 3
Southwick Neighbourhood Youth Project Trustees, Report for the year ended 31 March 2024 Statements of Trustee?s Re5ponsibilitie5 for the Financial Statements The trustees are resFK)nsible for preparing ihe Tn]stee5' Report and the financial statements in accordance with applicable law and United Kingdom Accountlllg Standards. The law applicable to charities in England and Wale5 requires the trustees to prepare fmancial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming Tesources and application of r¢sourccs of th¢ charity for that period. In preparing these fmancial statements, the trustees are required to." select suitable accounting policies and then apply them consistently. observe th¢ methods and principles of the Charities SORP. make judgements and estimates that are reasonable and pnmlent; state whether applicable accounting standards have been followe¢ subject to any departures disclosed and explained in the flllancial statements. and. prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the project will continue in business. The trustees are responsible for keepÉng accounting records which disclose with reasonable accuracy the funcial position of the charity and enable them to ascertain to ensure that the fllwicial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2019 and the provisions of th¢ 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 irregularitRes. Signed on behalf of the Trnstees.. John Robertson Trustee Date: 24 lw .¥ 2s8Q Page: 4
Independent Examiner's Report to the Committee of Southwick Neighbourhood Youth Projeet year ended 31 March 2024 I report to the committee on my examination of the financial statements of Southwick Neighbourhood Youth Project for the year ended 31 March 2024. Responsibilities and basi5 of report As the committee of the charity you are responsible for the preparation of the fmancial Statements in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in r¢spect of my examination of the charity's fanCIal slatements catTied 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(5Xb) of the Act. Independent examiner's statement Since your charity's 0$S income exceeded £250,000 your examiner must be a member of a listed body. I ¢an confinn that l am qualified to undertake the examination because I am & regisfrred member of ICAEW which is one of the listed bixlies. I have completed my examination. I confTh that no material matters have come to my attention in connection with the exaznination giving me cause to believe that in any material respect: accounting records were not kept in Tespect of the charity as required by section 130 of the A¢¢ or the financial ststements do not accord with those records" or the fancIal statements do not comply with the applicable requirements concerning the fomy and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the aOUnts give a 'true and faiT' view which is not a Matter considered as part of an independent examination. I have no concern5 and have come across no other matters in connection with the examffination to which attention should be drawn in this report in order to enable a PTopeT understanding of the accounts to be reached. Alison Henshaw FCCA Torgersens Chartered Accountants East Suite, Ground Floor Avalon House St Catherine's Court Sunderland SR5 3XJ Date: Z710113 5 Page: 5
Southwick Neighbourhood Youth Project Unaudited Statement of Financial Activities for the year ended 31 March 2024 Unrestricted Funds Restricted Funds Total Funds 2024 Total Funds 2023 Note Incom ing Resource5 Charitable activitie5 Other trading activities Income frojn investments 116,422 2,352 1.082 251,558 367,980 2,352 1,082 362,810 10,344 205 12 Total Incoming Resources 119856 251558 371414 373 359 Resources Expended Expenditure on charitable activities Other expenditure 132,728 2,736 157,933 290,661 2,736 446,881 3,567 Total Resources Expended 157 933 293 397 450 448 Net (Expenditure) I Income (15,608) 78,017 (77,089) Transfer Between Funds 93,625 (93,625) Net Movement on Funds 78,017 78,017 (77,089) Fund Balances Brought Forward at 01.04.23 684,186 684,186 761,275 Fund Balances Carried Forward at 31.03.24 The notes on pages 9 to 14 forni part of the unaudited fancial statements Page: 6
Southwick Neighbourhood Youth Project Unaudited Balanee Sheet as at 31 March 2024 2024 2023 Not Fixed Assets 701,684 620,430 Current Assets Debtors and prepayments Main account Fund raising and other associated accounts Pety cash 665 1,605 64,080 30 678 4,010 64,973 30 Creditors: Amounts falling due within one year Net Current Assets 60,519 63,756 Net Assets Financed by Restricted ndS Unrestricted fvnds 10 io 762,203 684,186 Approved by the Trustees on 260125 Trustee Trustee The notes on pages 9 to 14 forni part of the unaudited financia] staternents Page.. 7
Soutbwick Neighbourbood Youth Project Unaudited Statement of Cash Flows as at 31 March 2024 21124 2023 Cash Flow from Operating Activities Net (Expenditure) I Income 78,017 (77,089) Adjwlmentsfor.. Depreciation of Tangible Fixed Assets Other Interest Receivable and Similar Income 16,387 (1,082) 14,267 (205) Changas In.. Trade and Other Debtors Trade and Other Creditors 13 (74) 229 771 Cash Generated from Operations 93,261 (62,027) Interest Received 1.082 205 Net Cash from Operating Activities 94,343 61 Cash Flows from Investing Aetivities Purchase of Tangible Assets (97,641) (2,865) Net Cash Used in Investing Activities Cash Flows from Financing Activities Proceeds from Borrowings Net Cash Used in Financing Activities Net Increasel(Decre8se) in Cash and Cash Equivalents (3,298) (64,687) Cash and Cash Equivalents at Beginning of Year 69,013 133,700 Cash and Casb Equivalents at End of Year The notes on pages 9 to 14 foTm part of the unaudited financial statements Page.. 8
Southivick Neigbbourhood Youth Project Notes to the Unaudited Financial Statements for the year ended 31 March 2024 Aeeounting Pollcies Basis of Aeeounting These unaudited financial statements have been prepared under the historical cost convention and in accordance with: 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) the Financial Reporting Standard applithle in the UK and Republic of Ireland {FRS 102) th¢ Charities Act 2011. The unaudited financial statements are prepared in sterlin& which is the funrtional cutrency of the charity. Monetary amounts in these unaudited fancial statements are rounded to the nearest £. Going Concern li) There are no material uncertainties about the chwity's ability to continue. Income from investments Bank interest is included in the Statement of Financial Activilies on receipt. Grants reeeivable 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 a¢curacy. Grants, where enlitlemenl is not conditional on the delivery of a specific perforn)ance by the charity, ar¢ recognised when the Charity becomes unconditionally entitled to the grant. Donations In¢ome from donations and loca] fundraising is included in income when receivable. Fund Accounting Funds held by the charity are either: Unrestricted general funds - th¢se are fun(L8 which can be used in accordance with the charitable objects at the discretion of the trustees. Designated ndS - these are set aside by the trustees Out of unrestricted general funds for specific futu purposes or projects. Restricted funds - these are funds that can only be used for particular restricted pUoSeS 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. Expenditure All expenditure, other than that which has been pItalISed is included in the Statement of Financial Activities. The value of purchase invoices r¢¢eiv¢d 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 recovere and is reported as part of the expenditure to wbich it relates. Page.. 9
Soutbwick Neighbourhood Youth Project Notes to the Unaudited Financial Statements for the year ended 31 March 2024 Aecountillg Policies (eontinued) Depreciation tkpreciation is calculated to WTite off the cost or valuation. less estimated residuaL values, of tangible fjxed assets over their estimated useful liv¢s. Tbe annual depreciation rates and methods are as follows: Buildings Computer equipT¥]ent Fixtures and fittings - 20/0 straight line - 20- 33 113 /D Strdight line 20010 straight line Charitable Aetivltles Unrestricted funds Restricted TotAI funds funds 2024 Totsl funds 2023 National Lottery Stre¢tgames UK Community Foundation Sunderland CC- Food bank support/assistance Sunderland CC- Positive Steps Sunderland CC- Raising Aspirations Sunderland All Together Community Opportunities The Julia and Hans Rausing TN5t Together for Children Sunderland University Youth Investment Fund Spacehive BBC Children in Need Blue Watch Youth Barbour Intemational 9,500 12.746 7,000 273,038 30,000 36,435 5.225 97,790 314 14,849 24,345 35,225 134,225 314 14,849 57,672 33,327 47,938 3,000 9,588 426 426 500 89,400 5,012 19.209 1,148 10.000 500 89,400 5,012 19,209 1,148 10,000 422 3&7 . The income from donations and legleS foT the charity was £367.980 (2023- £362,810) of which £116,422 (2023: £90.434) was unrestricted and £251.558 (2023: £272J76) wag trstricted. Unrestrieted funds Restricted Totlll funds funds 2024 Total fund5 2023 Otber Trading Activitie5 Miscellaneous income Donations/Fundraising 2,142 210 2.142 210 8.209 2,135 The income from other trading aGtivities for the charity was £2,352 (2023: £10.344) of which £2,352 (2023: £10,344) was unrestri¢ted and £nil (2023: £nil) was restricted. Page: 10
Southwick Neighbourhood Youth Project Notes to the Unaudited Financial Statements for the year ended 31 March 2024 Charitable A¢tivitie5 Unrestricted fund5 Restricted funds Total 2024 Total 2023 Note Salaries, Wages and NI Youih Work Community Projects Community Support Grants paid Insurance Cleaning and repairs Rent and Rates Heat Light & Water Sundries AtTiliations Telephone Printing, postsge and stationery Depreciation Bank Clwges 81.271 3,084 11,914 80,337 161,608 3,084 11,914 13,067 64,529 2,685 5,696 159,018 15,389 6.407 115,267 120,191 2.387 4,295 1.843 3.813 1,799 436 557 982 14,267 230 13,067 64,529 2,685 5,696 7,697 1,841 428 403 7.697 1,841 428 403 1,115 16,387 207 16,387 207 44 The expenditure on charitable activities for ihe charity was £290,661 (2023.. £446,881) of which £132,728 (2023. £157,421) wa5 unrestricted and £157,933 (2023., £289,460) was restricted. Other Expenditure- Unrestricted 2024 2023 Accountancy I Independent Examination Legal and Professional 2,736 3,462 105 Staff Costs and Tru$tees' RemunerAtion 2024 2023 Unrestrieted funds Restrieted funds Total 2024 Total 2023 Gross wages and salaries Ernployers National Lnsurance Pension costs 73,473 5.579 2219 80,337 153,810 5,579 2,219 150,733 5,893 2,392 The average number of employees during ihe year was The expenditure salari¢5 and 50cial security Costs for th¢ charity was £161.608 (2023.. £159,018) of which £81,271 (2023: £105,016) was unrestricted and £80,337 (2023: £54,2) was restricted. Trustees received no remuneration (2023: £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 chaTity compTise the trustees and the project co-ordinator. 18 well as the community manager. The totsl employee benefits of the key management personnel of the charity were £64,225 {2023.' £73.834). Grants Paid Total 2024 Total 2023 Community opportunities 64,529 120,191 12 Page: I I
Southwick Neighbourhood Youth Project INotes to the Unaudited Financial Statements for the year ended 31 March 2024 Tangible Fixed Assets Computer equipment Fixtures and fitting5 Buildings Totsl Cost At l April 2023 Additions Disposals 657,758 92.069 4,291 5,190 3,333 382 665,382 97,641 At 31 March 2024 749 827 763 023 Depreeiation At l April 2023 Charge for ihe year Disposals 39,465 14,997 2,381 1,239 3,106 151 44,952 16.387 At 31 Mar¢h 2024 Net Book Value At 31 March 2024 695 365 At 31 March 2023 618 22 Creditors: Amounts falling dlle within one year 2024 2023 Taxation and so¢ial security costs Accruals and Deferred Income Other Creditors 2,560 2,591 710 2,932 2,325 678 Page: 12
Southivick Neighbourhood Youth Project Notes to the Unaudited Financial Statements for the year ended 31 March 2024 io Movement on Funds Restricted funds 2023 Funds Blfwd 2024 Funds Clfwd Income Expenditure Transfers BBC ChildTen in Need Community Foundation Sunderland All Together Together for Children Sunderland CC - Food bank support / Assistanc¢ Sunderland CC - Positive Steps Sunderland CC - Raising Aspirations Youth Investment Fund 19,209 5,225 24,345 426 (19,209) (1,000) (24,345) (426) (4.225) 97.790 314 14,849 89,4(K) (97,790) (314) (14,849) (89,400) .55 Unrestrieted funds DesigThated funds Capital Fund General Funds 620,430 63,756 (16,387) (119,077) 97,641 (4,016) 701,684 60,519 119,856 119856 684 18.6 a4 762 203 Purpose of Restricted Funds BBC Children in Need Towards delivering youth work activities impacted by poverty and deprivation Towards salary costs of a worker and laptops, w¢bsite development and licences Sunderland All Together- Southwick supEx)rt Towards holiday and food provisions for Southwick ward. Together for Children Towards resources for Pride Event Sunderland CC- Food bank support Towards providing household support in partneT5hip with other organisations to the suffounding community, including fees for management. Towards providing various beauty items and stationery. Towards salary costs of two members of staff for 10 hours per week. Towards capital expenditure Conununity opportl1tiCsI Foundation Sunderland CC - Positive Steps Sunderland CC- Raising Aspirations Youth tnvestment Fund Page: 13
SouthTrvick Neighbourhood Youth Project Notes to the Unaudited Financial Statements for the year ended 31 Mareb 2024 io Movement on Funds Restricted funds 2022 Funds Blfwd 2023 FuDds CIFivd Ineome Expenditure Transfers Bernicia Foundation James Knott Community Opportunitie5 Julia and Han5 Rausing Trust Sunderland All Together- City Centre Pilot Project Sunderland All Together- good vibes Sunderland All Together- Southwick support Sunderland CC - North Hylton Youth / Raising aspirations Sunderland CC - Household Support and Management Sunderland CC - Food bank support I Assistance The 1989 Willan Charitable TTUSt 9,167 3,750 (9,167) (3,750) (3,000) (9,588) 3,000 9,588 872 14,542 22,345 (872) (14,542) (22,345) 19,529 (19,529) 198,500 (198,500) 4,000 (4,000) (4,167) 4,167 Unrestricted funds Designated ndS Capilal Fund Generdl Fund5 .631.832 112,359 (14,267) (146,721) 2,865 (2,865) 620,430 63,756 100,983 161) 9&8. 761 373 359 Purpose of Restricted Funds Bernicia Foundation James Knott Community Opportunities Julia and Hans Rausing Trust Towards salary costs of a youth caT¢er5 officer. Towards salary costs of a youth worker, Towards salary costs of a worker. Towards salary costs of two members of staff for 10 hours per week. Sunderland All Together- City Centre Pilot Towards delivering the city centre pilot project. Project Sunderland All Together- good vjbes Towards providing community activity sessions. Sunderland All Together- Southwick support Towards holiday and food provisions for Southwick ward. Sunderland CC - North Hylton Youth Towards project costs and activities for young people, as well as funds to support and provide help to the community. Towards providing household support in partnership with other organisations to the surrounding community, including fees for management. Towards providing food bank support and a5SiStance. Sunderland CC - Household support Sunderland CC - Foodbank support I Assistance The 1989 Willan Charitable Trust Towards salary wsts of an employment worker. Page.. 14
Southwick Neighbourhood Youth Project Notes to the Unaudited Financial Statements for the year ended 31 March 2024 11 Analysi5 of Net Assets between Funds Restricted Unrestricted General Designated 2024 Total Fixed assets N¢t curr¢ut ass¢ts 701,684 701,684 60,519 60,519 701684 Restrleled Unrestricted General Dcsignated 2023 Total Fixed assets Net current ass¢ts 620,430 620,430 63,756 63,756 620 430 684 186 Unrestricted funds Restricted Total funds funds 2024 Total funds 2023 12 Income from investments Bank interest receivable 1,082 1,082 205 The income from inveslments for the charity was £1,082 (2023: £205) of whiGh £1.082 (2023: £205) was unrestrirted and £nil (2023: £nil) was restricred. Page: 15