Charity Registration No. 1055980
ST. MICHAEL'S YOUTH PROJECT
ANNUAL REPPORT
AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Fawley Judge & Easton
Chartered Certified Accountants
1 Parllament street
Hull
East Yorkshire
HU12AS

ST. MICHAEL'S YOUTH PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Board Of Trustees
Mr J Fielder
Mrs S Lightroot
MrA Dorton
Isobel Scruton
Charlty number
1055980
Principal address
Orchard Park Road
Hull
HU6 9BX
Independent examiner
Fawley Judge & Easton
Chartered Certified Accountants
1 Parliament street
Hull
East Yorkshire
HU12AS

ST. MICHAEL'S YOUTH PROJECT
CONTENTS
Page
Trustees report
Independent examiner's report
statement of financial activities
Balance sheet
Notes to the financial statements
8-18

ST. MICHAEL'S YOUTH PROJECT
TRUSTEES REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees, general committee present their report and the unaudited financial statements of the charity for the
year ended 31 st December 2023.
The financial ststements 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 a¢xounts 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 actlvlties
The charity operates from its registered Offi￿ 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.
Achlevements and performance
The past year has been a period of change, but also one that has taken us back to our roots. Despf(e facing
numerous challenges, particularly in securing adequate funding, we have seen a notable increase in the
participation of children. young people, and families, along with members of the community, in our programmes.
Our efforts to address the evolving needs of the young people led to the introduction of new sessions focusing on
mental health and wellbeing, as well as enhanced support for the increase of young people presenting with
Special Education Needs andlor neurodiversity. Additionally, our commitment to community engagement has
intensified in response to the cost-of-living crisis and fuel and food poverty, along with the continued fall out of the
pandemic that has not gone away.
We have continued to build new partnerships while continuing to work closely with existing ones, reinforcing the
value of collaborative efforts and the need to work together for future sustainability. Rachael Garland joined St.
Michael's Church as the new Vicar, and this has helped to re-establish links and partnership with the church, and
we look forward to working together in the future.
Securing sufficient funding has been a persistent challenge throughout the year. We have continued to receive
support through commissioning and existing grants, which has ensured our core services could continue. Despite
our best efforts in grant applications and fundraising, the financial constraints have impacted our ability to expand
our services and reach as much as we would have liked to meet the need.
However, we are pleased to say that we secured funding through the Rank Foundation to provide a leadership
development opportunity. This crucial support has enabled us to employ an additional full-time staff member,
significantly bolstering our team's capacity lo deliver services, and support our Project Lead in identifying and
applying for funding.
The wider financial picture affects us, as well as many other voluntary sector organisations. The national living
wage has increased, along with utilities, insurances and other overheads. These have all impacted on our budget
and contributed to our raised expenditure. Nonetheless, we remain committed to finding innovative solutions to
these challenges and ￿aSSesS our financial strategies to continue providing valuable services for children, young
people, and families.
There has been a significant increase in the number of young people participating in our activities. This rise is a
testament to the relevance and quality of our provision, which is designed to meet the diverse interests and ever-
changing needs. We work closely with young people and families in giving them a voice to influence the direction
of our work and to ensure what we provide remains relevant and is done 'with' people not'to, them.
We have observed a growing number of young people struggling with mental health issues. The pressures of
modern life, including academic stress, social media influence, and the ongoing economic challenges, have
contributed to increased levels of anxiety. depression. and emotional distress among young people. This trend
has underscored the urgent need for targeted mental health support within our programmes, but this places
greater stain on our capacity and demonstrates the need for increased support from external agencies, which are

ST. MICHAEL'S YOUTH PROJECT
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
In response, we have introduced new sessions specifically designed to address these challenges. These
sessions aim to provide young people with the tools they need to manage their mental heallh effectively. By
creating a supportive environment where participants can openly discuss their feelings and learn coping
strategies, we are working to ensure that our young people have the resources they need to navigate these
difficult times.
These sessions have been well-received and have had a positive impact on the participants, helping them
navigate the challenges of adolescence with better tools and understanding.
We have noticed a significant rise in the number of young people attending our programmes who are presenting
with neurodiverse traits, including conditions such as autism, ADHD, and dyslexia. This increase highlights the
diverse range of needs within our community and underscores the importance of creating an inclusive
environment where every young person can feel supported and understood.
To better meet these needs, our staff have engaged in awareness training. and worked with individuals, families,
and specialist organisations to deepen their understanding of neurodiversity. This has equipped our team with
the skills and knowledge to create an inclusive environment. This learning has enabled us to tailor our sessions
more effectively. ensuring that all participants can thrive, regardless of their individual challenges or learning
styles.
Our core sessions have continued providing after school and holiday provision for children and young people
aged 5-19 years old and their families. Providing a safe space for them to build relationships. learn new skills.
and have funl We specialise in delivering activities in the outdoors, with mountain biking, walking, along with
residential experiences. The highlight of our outdoor programme this year was a residential trip to Wales, where
young people had the opportunity to climb Tryfan mountain. This trip not only provided a memorable adventure
but also fostered teamwork, resilience, and a love for nature.
We continued to have a small but tight knit team, with a strong work ethic for providing the best we can for the
community and supporting young people in accessing greater opportunities for them to feel happier, a sense
of purpose and worth. Our dedicated team has delivered sessions and activities 50 weeks of the year, from
9.00am to 8.00pm daily, with over 1000 attendees.
Our work within the wider community has intensified in response to the ongoing cost of living crisis and issues of
fLrel and food poverty. Orchard Park has continued to be identified as having the highest number of holds in fuel
poverty of any neighbourhood in the UK, putting immense strain on families and the community. In response, we
have increased our efforts to provide support and resources to those in need, these have been through our
weekly foodbank, lunch clubs, droFFins, and targeted sessions. We have worked closely with Fareshare Hull &
Humber and Hull for Heroes, alongside receiving weekly surplus donations from Aldi in Cottingham (through the
Neighbourly Surplus Scheme). These relationships and support have been critical in us being able to attempt to
meet the consistent need.
Building and nurturing partnerships has been a cornerstone of our Suc￿sS this year. We have developed new
partnerships while continuing to work closely with our existing partners. These connections are invaluable,
allowing us to support each other and amplify our impact within the community. We do not work in isolation and
recognise that these collaborative and trusted relationships are key to sustainability as a project.
We would like to thank our supporters, partners, staff - who always go above and beyond, and most importantly,
the young people who inspire us every day.

ST. MICHAEL'S YOUTH PROJECT
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Financial review
The charity receives income from grants, donations and its various activities. During 2023 the gross income
amounted to £245,360 and is used to finance direct charitable expenditure and other indirect expenditure
amounting to £596,845. The trustees report a net outgoing resource of £351,485 for the year compared to a net
outgoing resource of £1,873 in 2022.
Our Funds amount to a total of £267,077 of which £119.566 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 ￿ndS which have not been designated for a specfic use should be
maintained at a level equivalent to between three and six month's expenditure. The board of trustees consider
that resetves at this level will ensure that, in the event of a significant drop in funding, they wll 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.
Structu￿. 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 Spifltual 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 oftrustees who served during the year and up to the date of signature of the financial statements
were..
Mr J Fielder
Mrs S Lighffoot
Mr D White
MrA Dorton
Isobel Scruton
(Resigned 31 May 2023)
Independent Examiner
J M Leathley of Fawley Judge and Easton has been re-appointed as independent examiner for the ensuing year.
The Trustees
rt was approved by
Board of Board Of Trustees.
MrA Dorton
Chair ofTrustees
Dated.. 3 September 2024

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 2023.
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 sedion 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
Your attention is drawn to the fact that the charity ha5 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 IFRS 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.
l understand that this has been done in order for financial statements lo 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 confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
Accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or
The financial statements do not accord with those records., or
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 s
uié be drawn in this report in order to enable a proper underslanding of the financial statements to
bero
Jonathan Leathley
AFawley Judge & Easton
Chartered Certified A¢¢ountants
1 Parliament Street
Hull
East Yorkshire
HU12AS
Dated.. 3 September 2024

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ST. MICHAEL'S YOUTH PROJECT
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Notes
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
13
15,700
381,100
15
21,153
245,712
20,998
234,324
266,865
255,322
Creditors: amounts falling due within
one year
16
{15,488)
(17,860)
Net current assets
251,377
237,462
Total assets less current liabilltles
267,077
618,562
Income funds
Restricted funds
Unrestricted fund5 - general
119,566
147,511
115,283
503,279
267,077
618,562
The financi
atements were appr
by the Board Of Trustees on 3 September 2024
MrA Dorton
Chalr of Trustees
IP-Ury

ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
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 Igoverning documentl, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" {"FRS 102,1 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 Stat￿ent 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, Imodified to include the
revaluation of freehold properties and to include investment properties and certain financial instruments at fair
valuel. 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 reSoUr￿S to continue in operalional 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 or grantors as lo 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 performan￿ 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.
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.

ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
(Continuedl
1.5 Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit to a
third paty, 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 totsl of dir&t 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.
On the disposal of an asset the sale proceeds{if any) is recognised in net incomel(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 Ios5. 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 month5 or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Flnancial 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 balan￿ 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.

ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
(Continued)
Baslc 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 payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amort15ed 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 benefrts
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 Retlrement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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 Ihe revision affects only Ihat
period, or in the period of the revision and future periods where the revision affects both current and future
periods.

Z5

ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from charitable activities
Unrestricted
funds
2023
Unrestricted
funds
2022
Core
Rechargeslsales
Room Hire
Other income
2,620
2,420
2,933
2,300
1,400
7,973
3,700
Income from investments
Unrestricted Unrestrlcted
funds
funds
2023
2022
HandelsbankenlCCL
4,036
1.105

ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Charitable activities
Aspects of Aspects of
Project
Project
2023
2022
Staff costs
Depreciation and impairment
Equipment
Childrens and Young People, sActivities
Education Support
SMYP Youthwork Training
Other projects including Bicycle library
Minibus running costs
Premises costs
Refreshments and sundry
174,109
3,900
12,126
8,938
1,761
1 ,381
1,021
6,010
18,295
1,936
144,748
3,581
12,516
5,593
861
9,197
24,142
1,857
229,477
202,495
Donations {see note 7)
361,500
Share of support costs (see note 8}
Share of governance costs (see note 81
4,518
1,350
9,802
1,260
596,845
213.557
Analysis by fund
Unrestricted funds - general
Unrestricted funds - desiganted
Restricted funds
383,103
183,941
29,801
171,841
41,716
596,845
213,557
Donations payable
Aspects of
Project
2023
2022
Donation to instilutions..
Pinewood Trust
361,500

ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Support Costs allocated to activities
2023
2022
Travel expenses
Telephone, copier and computer costs
1,037
1,552
2,075
2,687
107
198
752
1,361
2,622
1,260
Recruitment and training
Hull CVS
Music Licence and sundries
Support costs
Governance costs
1,162
768
942
1,350
6,811
11,062
Analysed between:
Core
6,811
11,062
Net movement in funds
2023
2022
The net movement in funds is stated after chargingl(crediting}:
Depreciation of owned tangible fixed assets
3.900
10 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.
11 Employees
The average monthly number of employees during the year was..
2023
Number
2022
Number
Employment costs
2023
2022
Wages and salaries
other pension costs
169,430
4,679
141,187
3,561
174,109
144,748
There were no employees whose annual remuneration was more than £60,000.

ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Employees
Icontinued)
Remuneration of key management personnel
The remuneration of key management personnel was as follows..
12 Taxation
The charity is exempt from tsxation on its activities because all its income is applied for charitable purposes.
13 Tangible fixed assets
Plant and
equipment
Motor
vehicles
Total
Cost
At 1 January 2023
Disposals
361,800
(361,500)
43,831
405,431
(361,500)
At 31 December 2023
100
43,831
43,931
Depreciation and Impalrment
At 1 January 2023
Depreciation charged in the year
24,331
3,900
24,331
3,900
At 31 December 2023
28,231
28,231
Carrying amount
At 31 December 2023
100
15,600
15,700
At 31 December 2022
361,600
19,500
381,100
14 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.. .
2023
2022
Youth Centre - 25 year lease (expiring 2024)
Minibus
Other equipment
Minibus
Assets donated by DIY SOS Big Build
354,700 354,700
16,500 16,500
38,931 42,931
45,324 45,324
361,500
The following assets were transferred to the Pinewood Trust
All Terrain vehicle
Lawn Mower
Topper
11,963
4,200
4,000

ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
15 Debtors
2023
2022
Amounts falllng due within one year:
Trade debtors
Other debtors
155
20,998
360
20,638
21,153
20,998
16 Creditors: amounts falllng due within one year
2023
2022
Notes
Other taxation and social security
Deferred income
Accruals and deferred income
2,312
11,957
1,219
6,639
10,000
1,221
17
15,488
17,860
17 Deferred income
2023
2022
Other deferred income
11,957
10,000
Deferred income is included in the financial statements as follows:
2023
2022
Deferred income is included within..
Current liabilities
11,957
10,000
Movements in the year..
Deferred income at 1 January 2023
Released from previou5 periods
Resources deferred in the year
10,000
(10,000)
11,957
10,000
Deferred income at 31 December 2023
11.957
10,000
18 Retlrement benefit schemes
2023
2022
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
4,679
3,561

ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
18 Retirement beneflt schemes
(Continued)
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
19 Analysis of net assets between funds
Unrestricted
funds
2023
Restricted
funds
2023
Total
2023
At 31 December 2023:
Tangible assets
Current assetsl{liabilities)
15,700
131,811
15,700
251,377
119,566
147,511
119,566
267,077
Unrestricted
funds
2022
Restricted
funds
2022
Total
2022
At 31 December 2022:
Tangible assets
Current assetsl{liabilities)
381,100
122,179
381,100
237,462
115,283
503,279
115,283
618,562
20 Related party transactions
Transactions with related parties
During the year the charity entered into the following transactions with related parties..
Services received
2023
2022
K2G Consulting Limited
2,400
During the year St Michaels Youth Project paid £2,400 to K2G Consulting Limited a company owned by Mr J
Fielder for professional services. Mr J Fielder is a trustee.
St Michaels Youth Project paid Pinewood Trusl £200 for venue hire during the year. Pinewood Trust is
controlled by Jo Lorenz the project lead of St Michaels Youth Project.

ST. MICHAEL'S YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
21 DIY SOS Big Build
During 2021- SMYP was chosen as the project to feature as part of the DIY SOS Big Build. BBC CIN have
been a funder of SMYP Sin￿ 1993. Working in partnership with the Pinewood Trust. A purpose built outdoor
learning and adventure activity centre was built with the value of the fixed and capital assets creaedldonated
added to the SMYP balance sheet as the receiving charity - hence the donation reference note of 'Pinewood
Trust" During 2022 - SMYP Trustees have been working with Pinewood Trustees regarding the future
development and use of the site under a joint partnership agreement. From this, a decision was taken to
transfer the value of the donated assets to the Pinewood Trust for them to manage. The donation can be seen
in note 3 under the 2021 year.