Charity Registration No. 1055980
ST. MICHAEL'S YOUTH PROJECT
ANNUAL REPPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Fawley Judge & Easton Chartered Certified Accountants 1 Parliament Street
Hull East Yorkshire HU1 2AS
ST. MICHAEL'S YOUTH PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Board Of Trustees
Board Of Trustees Rev David Walker Mr J Fielder Mrs S Lightfoot Mr D White Mrs B Luciola Mr A Dorton (Appointed 27 January 2022) Isobel Scruton (Appointed 27 October 2021) Charity number 1055980 Principal address Orchard Park Road Hull HU6 9BX Independent examiner Fawley Judge & Easton Chartered Certified Accountants 1 Parliament Street Hull East Yorkshire HU1 2AS
ST. MICHAEL'S YOUTH PROJECT
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 17 |
ST. MICHAEL'S YOUTH PROJECT
TRUSTEES REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees’ general committee present their report and the unaudited financial statements of the charity for the year ended 31st December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity 's Constitution , the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The charity operates from its registered office and organises meetings, outings and activities for its participants.
To educate and assist young persons through their leisure time activities to develop their physical, mental and spiritual capacities in the North Hull and Orchard Park Estates in Hull.
The board of trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
The year of 2021 has been a year of ongoing challenges, new beginnings and some fond farewells. We continued to address the challenges of supporting young people and their families further lock downs, grasped a land mark celebratory opportunity through our long association with BBC Children In Need and also prepared for a major change in the leadership of the charity.
As a project we continued to remain open through further lockdowns, providing support for the community and young people of Orchard Park and North Hull. We have successfully delivered a Covid adjusted activity programme; the ongoing daily food bank, delivered from our youth centre car park, and food deliveries and emergency provision in and around the local community as well as city-wide.
As restrictions were eased and then tightened we continued to offer our ‘safe space’ provision to young people. Our food bank operated at the same normal sessions for young people and we were also able to offer additional off site/ in person activities before resuming in person on site activities in the youth centre. All activity and provision was carefully Covid risk assessed, guided by best practice reccommendations from the national youth agency and in line with Public Health and local authority guidelines. Therefore, if any young person was in need or required access to our services, staff were visible and present within the community at a time known to them.
Our youth provision retained a focus on healthy eating and healthy lifestyles remained to address the health inequalities which adversely affect the wider community. We provided young people with ingredients, delivered to their homes, for them continue to participate in our Eating Table session and share their ‘creations’ via our social media. This became very popular and led to families cooking together at home. This has been alongside remote and online activities via Zoom and Outreach on the local streets and parks, the delivery of craft and activity packs and resources to the young people’s homes, and ‘garden gate chats’.
As restrictions were lifted in July 2021, we saw an opportunity to deliver activities again based at our youth centre. These activities utilised our outdoor areas and enabled us to reinstate our Family Fun sessions every Thursday afternoon and our youth provision on a Friday evening with ‘Club in the Car Park’. This was challenging to manage however, all children, young people and families were so pleased to be back and to feel some sense of normality again, that our strict Covid secure procedures were followed by all. It was a great lift to the morale of the staff team too, to be back doing what we do.
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ST. MICHAEL'S YOUTH PROJECT
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Although restrictions still remained that placed limitations on the number of people we could engage with and the nature of activities, we were still able to work with over 100 children, young people and families every week.
We have maintained the delivery our emergency provision as one of the largest crisis hubs in the city, in addition to our food bank. As restrictions were lifted, the need for direct delivery to sheltered accommodation was reduced, however we continued to support these homes, for those who were extremely vulnerable or required to isolate, with food provision through collection of supplies from Fareshare, and delivery using our project minibuses.
The catalyst to increased sharing of provisions has endured throughout the rest of 2021, and these practices have forged and embedded the relationships that we hold with our partners.
These relationships continue to enable us to quickly identify weaknesses and offer solutions. Our new partnerships with Hull for Heroes, M&S and the NHS have grown stronger over this period and now provide greater opportunity for collaboration and capacity building. We have worked closely with our partners to ensure we have been able to help meet the needs of the community, and to be able to respond to the everchanging circumstances, often on a daily basis.
We have supplied over 65,000 food parcels and supported over 800 households rely since the start of the pandemic, and these families and members of the community still continue to rely on our support. We continue to deliver accredited youth-work training courses up to level 3. This provision moved online via Zoom and has continued to support 8 adult learners.
As part of the Covid recovery - 2021 saw an amazing opportunity to build on our core principles of responding to need; working in partnership, making good use of resources and being an enabler of best practice.
Early in 2021, Project Lead Jo Lorenz responded to an expression of interest from BBC Children in Need (CiN) for proposals from CiN partner projects that could be involved in the Autumn 2021 BBC DIY SOS Big Build for Children in Need. SMYP have been funded by CiN for the last 30 years for a range of children, young people and family support initiatives and have built and established a strong rapport and case history of engagement with them as a funder and as an advocate of good community practice.
Working with the Pinewood Trust, SMYP submitted an early concept idea of converting some overgrown scrubland at the Pinewood site to be developed of an outdoor play area with residential capabilities. This could then be used by SMYP as steppingstone residential facility for children and young people to build confidence of being away from home as well as increasing our capacity to offer outdoor education and skills.
The idea was taken up by DIY SOS and BBC Children in Need, resulting in a development on the Pinewood site that involved the collaboration of a number of business partners and a super-human team effort from local trades and local volunteers who descended on the site in early September and transformed it into a purposebuilt adventure play area complete with toilets, showers and off grid power system. Part of the good news story was the development of an outdoor facility that could be used by a range of community groups in an outdoor setting and in the context of a post-pandemic recovery.
This was a significant partnership approach and pump priming for a new ‘community use’ facility, with incredibly generous donations of equipment and time. However, as this was on a site not directly owned or managed by SMYP, we also needed to consider the proper governance arrangements. Hence, SMYP developed a partnership agreement with the Pinewood Trust to provide a guaranteed seed corn delivery plan for the use of the site and with the BBC CiN agreement to allow us to transfer the ownership and management of the donated assets to the Pinewood Trust – see note in the accounts.
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ST. MICHAEL'S YOUTH PROJECT
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
After 32 years of loyal faithful service, the Reverend David Walker announced that with his impending retirement as vicar of St. Michaels and All Angels church, he would also be standing down as Chair of the St. Michaels Youth Project.
Whilst working as curate on the Orchard Park estate and in the late 1980’s, David saw the need to offer support to young people to help them cope with life on urban housing estate in the context of the 80’s economic recession and ongoing urban deprivation. When David became vicar of the parish, he worked with his local church to form the inaugural project management committee, and this was foundational in getting the Diocese of York to fund the initial project. Since the project inception in October 1989, David has continued to be instrumental in the ongoing fund raising for the project, a very important point of contact with the locality that the charity serves as well as a leader and manager of the staff team and the Charity’s resources. David stepped down as chair in the Summer of 2021 and will continue on the Board of Trustees until early 2022. Justin Fielder replaces David as Chair of Trustees – Justin was the SMYP project coordinator from 1992 to 1995, after which he became a member of the Management Committee. He was then appointed the property holding trustee when the Charity was formed in 1996 and has continued to serve on the Board of Trustees since then.
With the easing of Covid restrictions, the Board of Trustees has been able to meet in person and virtually four times over the year and both David and Justin as Chair of Trustees has been involved throughout the year receiving youth work reports from the project leader, promoting high standards of professional practice and ensuring financial probity.
Our year was able to finish on a high, with restrictions being lifted enough for us to host a Christmas celebration with our families. We had the wonderful opportunity to host a ‘Santa’s Sleigh with reindeers, and our new Project Chair kindly volunteered to be our Father Christmas. Although with limitations on numbers, it really was a great way to end the year by bringing families together and seeing smiles, following what has been very challenging and turbulent years for many.
Financial review
The charity receives income from grants, donations and its various activities. During 2021 the gross income amounted to £588,068 and is used to finance direct charitable expenditure and other indirect expenditure amounting to £554,821. Of this, £361,500 was received as donated in assets and equipment as a result of the BBC DIY SOS Big build for Children in Need, the value of which was then transferred to the Pinewood Trust. The trustees report a net incoming resource of £35,324 for the year compared to a net incoming resource of £46,620 in 2020.
Our Funds amount to a total of £258,936 of which £127.145 is held for specific restricted purposes.
Risk
The trustees undertake an annual review to identify major risks to which the charity may be exposed and try to establish systems to mitigate those risks. At the time of this report no major risks were identified.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The board of trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity ’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The board of trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
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ST. MICHAEL'S YOUTH PROJECT
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
Structure, governance and management
The charity was established in1996 with the objective of educating and assisting young people through their leisure time activities to develop their physical, mental and spiritual capacities in the North Hull and Orchard Park areas of Kingston Upon Hull. The charity is governed by a Trust Deed dated 15 May 1996 as amended 24 July 2001.
The General Committee are supported by paid staff and volunteers.
The trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance as published by the Charities Commission.
The board of trustees who served during the year and up to the date of signature of the financial statements were:
Rev David Walker Mr J Fielder Mrs S Lightfoot Mr D White Mrs B Luciola Mr A Dorton (Appointed 27 January 2022) Isobel Scruton (Appointed 27 October 2021)
Independent Examiner
J M Leathley of Fawley Judge and Easton has been re-appointed as independent examiner for the ensuing year.
The Trustees r eport was approved by the Board of Board Of Trustees.
Mr J Fielder
Chair of Trustees Dated: 28 July 2022
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ST. MICHAEL'S YOUTH PROJECT
INDEPENDENT EXAMINER'S REPORT
TO THE BOARD OF TRUSTEES OF ST. MICHAEL'S YOUTH PROJECT
I report to the board of trustees on my examination of the financial statements of St. Michael's Youth Project (the charity) for the year ended 31 December 2021.
Responsibilities and basis of report
As the board of trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 A ccounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 T he financial statements do not accord with those records; or
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3 T he 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 financial statements to be reached.
Jonathan Leathley
Fawley Judge & Easton Chartered Certified Accountants
1 Parliament Street Hull East Yorkshire HU1 2AS
Dated: 28 July 2022
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ST. MICHAEL'S YOUTH PROJECT
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted Restricted funds funds 2021 2021 Notes £ £ Income from: Donations and legacies 3 484,469 103,599 Charitable activities 4 2,013 - Investments 5 64 - Total income 486,546 103,599 Expenditure on: Charitable activities 6 108,212 85,109 Gross transfers between funds - - Net income for the year/ Net movement in funds 378,334 18,490 Fund balances at 1 January 2021 127,415 96,197 Fund balances at 31 December 2021 505,749 114,687 |
Total Unrestricted Restricted funds funds 2021 2020 2020 £ £ £ 588,068 131,687 83,496 2,013 4,992 - 64 281 - 590,145 136,960 83,496 193,321 108,734 65,102 - 30,124 (30,124) 396,824 58,350 (11,730) 223,612 69,065 107,927 620,436 127,415 96,197 |
Total 2020 £ 215,183 4,992 281 220,456 173,836 - 46,620 176,992 223,612 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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ST. MICHAEL'S YOUTH PROJECT
BALANCE SHEET
AS AT 31 DECEMBER 2021
| Notes Fixed assets Tangible assets 10 Current assets Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Income funds Restricted funds 14 Unrestricted funds Designated funds General unrestricted funds |
2021 £ 23,645 235,904 259,549 (613) - 505,749 |
£ 361,500 258,936 620,436 114,687 505,749 620,436 |
2020 £ 23,977 206,436 230,413 (6,801) 189,928 (62,513) |
£ - 223,612 223,612 96,197 127,415 223,612 |
|---|---|---|---|---|
The financial statements were approved by the Board Of Trustees on 28 July 2022
Mr J Fielder Chair of Trustees
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ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
Charity information
St Michael's Youth Project is a registered charity in England and Wales
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the board of trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the board of trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the board of trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
(Continued)
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably, Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure heading in the Statement of Financial Activities. Expenditure includes value added tax where incurred.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and fully depreciated in the year of purchase. O n the disposal of an asset the sale proceeds (if any) is recognised in net income/(expenditure) for the year.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
1 Accounting policies
(Continued)
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity ’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.11 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the board of trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted Restricted funds funds 2021 2021 £ £ Donations and gifts 484,469 103,599 Donations and gifts Kingston upon Hull City Council 81,178 - BBC Children in Need - 30,581 The Rank Foundation - 50,595 Greenway Academy 2,324 - Hessle Road Network - - Pinewood Trust 361,500 - Other 39,467 22,423 484,469 103,599 |
TotalUnrestricted Restricted funds funds 2021 2020 2020 £ £ £ 588,068 131,687 83,496 81,178 81,033 5,240 30,581 - 2,784 50,595 20,000 13,980 2,324 - 1,074 - - 23,609 361,500 - - 61,890 30,654 36,809 588,068 131,687 83,496 |
Total 2020 £ 215,183 86,273 2,784 33,980 1,074 23,609 - 67,463 215,183 |
|---|---|---|
4 Charitable activities
| Recharges/Sales Room Hire Other income |
Project income 2021 £ - 1,480 533 2,013 |
Project income 2020 £ 465 4,050 477 4,992 |
|---|---|---|
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ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
5 Investments
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| £ | £ | |
| CCLA Investment Management Limited | - | 281 |
| Barclays Bank plc | 64 | - |
| 64 | 281 |
6 Charitable activities
| Aspects of | Aspects of | |
|---|---|---|
| Project | Project | |
| 2021 | 2020 | |
| £ | £ | |
| Staff costs | 135,362 | 115,358 |
| Equipment | 571 | 2,971 |
| Childrens and Young People' s Activities | 15,332 | 16,863 |
| SMYP Youthwork Training | 5,613 | 3,025 |
| Other projects including Bicycle library | 1,542 | 1,778 |
| Minibus running costs | 8,762 | 7,118 |
| Premises costs | 13,802 | 16,295 |
| Refreshments and sundry | 5,136 | 3,404 |
| 186,120 | 166,812 | |
| Share of support costs (see note 7) | 5,941 | 5,944 |
| Share of governance costs (see note 7) | 1,260 | 1,080 |
| 193,321 | 173,836 | |
| Analysis by fund | ||
| Unrestricted funds | 108,212 | 108,734 |
| Restricted funds | 85,109 | 65,102 |
| 193,321 | 173,836 |
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ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
| 7 Support costs Support costs Governance costs £ £ Travel expenses 452 - Telephone, copier and computers costs 2,092 - Bank Charges 173 - Recruitment and training 311 - Bookkeeping and accounts - - Room Hire 750 - Hull CVS 759 - Food bank 230 - Music Licence and sundries 1,174 - Independent Examiner fees - 1,260 5,941 1,260 Analysed between Charitable activities 5,941 1,260 |
2021 Support costs Governance costs £ £ £ 452 874 - 2,092 2,424 - 173 158 - 311 313 - - 180 - 750 750 - 759 803 - 230 - - 1,174 442 - 1,260 - 1,080 7,201 5,944 1,080 7,201 5,944 1,080 |
2020 £ 874 2,424 158 313 180 750 803 - 442 1,080 7,024 7,024 |
|---|---|---|
8 Board Of Trustees
None of the board of trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| 2021 | 2020 |
|---|---|
| Number | Number |
| 10 | 10 |
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ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
| 9 Employees Employment costs Wages and salaries Social security costs Other pension costs |
(Continued) 2021 2020 £ £ 131,582 104,938 - 8,191 3,780 2,229 135,362 115,358 |
|---|---|
There were no employees whose annual remuneration was more than £60,000.
10 Tangible fixed assets
| Plant and equipment Motor vehicles £ £ Cost At 1 January 2021 - 24,331 Additions 361,500 - At 31 December 2021 361,500 24,331 Depreciation and impairment At 1 January 2021 - 24,331 At 31 December 2021 - 24,331 Carrying amount At 31 December 2021 361,500 - |
Total £ 24,331 361,500 385,831 24,331 24,331 361,500 |
|---|---|
Assets under the control of the trustees and written off in the year of purchase included at their original cost are as follows: -
| llows: - | ||
|---|---|---|
| 2018 | 2017 | |
| £ | £ | |
| Youth Centre - 25 year lease (expiring 2024) | 354,700 | 354,700 |
| Minibus | 16,500 | 16,500 |
| Other equipment | 42,931 | 41,931 |
| All Terrain vehicle | 11,963 | 11,963 |
| Lawn Mower | 4,200 | 4,200 |
| Minibus | 45,324 | 20,993 |
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ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
11 Tangible fixed assets
Assets under the control of the trustees and written off in the year of purchase included at their original cost are as follows: -
| 2022 2021 £ £ Youth Centre - 25 year lease (expiring 2024) 354,700 354,700 Minibus 16,500 16,500 Other equipment 38,931 42,931 Minibus 45,324 45,324 Assets donated by DIY SOS Big Build 361,500 - The following assets were transferred to the Pinewood Trust All Terrain vehicle 11,963 11,963 Lawn Mower 4,200 4,200 Topper 4,000 4,000 12 Debtors 2021 Amounts falling due within one year: £ Trade debtors - Other debtors 20,638 Prepayments and accrued income 3,007 23,645 13 Creditors: amounts falling due within one year 2021 £ Other taxation and social security (3,934) Trade creditors 3,328 Accruals and deferred income 1,219 613 |
2020 £ 332 20,638 3,007 23,977 2020 £ 2,253 3,328 1,220 6,801 |
|---|---|
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ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
14 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Balance at 1 January 2020 £ The Rank Foundation(Apprentice) 4,685 The Rank Foundation - Street Games U K 9,094 Adult Education 13,751 Bicycle Library 11,005 National Foundation for Music 5,870 Headstart 56,333 BBC Children in Need 7,691 Bicycle Revival (502) 107,927 |
Movement in funds Incoming resources Resources expended £ £ 34,480 (32,994) - - 1,985 (11,079) - - - - - - 23,609 (235) 23,422 (20,794) - - 83,496 (65,102) |
Movement in funds Transfers Balance at 1 January 2021 Incoming resources Resources expended Balance at 31 December 2021 £ £ £ £ £ - 6,171 - - 6,171 - - 49,409 (48,328) 1,081 - - - - - (13,751) - - - - (11,005) - - - - (5,870) - - - - - 79,707 23,609 (27,015) 76,301 - 10,319 30,581 (9,766) 31,134 502 - - - - (30,124) 96,197 103,599 (85,109) 114,687 |
|---|---|---|
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ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
| 15 Analysis of net assets between funds Unrestricted Fund Restricted funds 2021 2021 £ £ Fund balances at 31 December 2021 are represented by: Tangible assets 361,500 - Current assets/ (liabilities) 258,936 - 620,436 - |
TotalUnrestricted Fund Restricted funds 2021 2020 2020 £ £ £ 361,500 - - 258,936 127,415 96,197 620,436 127,415 96,197 |
Total 2020 £ - 223,612 223,612 |
|---|---|---|
16 Related party transactions
Transactions with related parties
During the year the charity entered into the following transactions with related parties:
During the year under review there was substantial work carried out by the BBC DIY SOS Big Build in association with the BBC Children in Need at the Pinewood Trust land.
Jo Lorenz and Matthew Rogers are both a trustee of Pinewood Trust and a manager of St Michaels Youth Project.
The donated assets were transferred to the Pinewood Trust after the year end.
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