DENBIGH YOUTH PROJECT ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Charity Number- 1061493 HAROLD SMITH CHARTERED ACCOUNTANTS ST ASAPH & CRICCIETH DENBIGH YOUTH PIIOJECT Trustees Annual Report for the Year to 31 March 2024 ' The trustees present their reFK)rt the finanoal statern￿ of ts charity for the year ended 31st Mgrch 2024. The accounts have been prepared in accordance Statern￿ of ReC(xnrner￿ Practice: Accounting and , Reporting by Charities preparing their accounts in accordance wilh ￿ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued 16 July 2014 ￿ with the Charities Act 2011. Charlty Roglstratlon Number. 1Cffj1493 Prlnclpal address: Smitlffidd Roaj DENBIGH -. LL16 3RG Objectlves and Activltles , objectives of Denbigh Yolrth PrciKt are lo prrThkn any tsitth purpose for the benefft of the communty and in particular young people btheen the ages of f￿rteen and twenty five in the county of Denbighshire by: • The advancement of eduCatiC￿ of yourYJ people through their leisur&time activities to devefop their physical, mental and spiritual capaati&s so that tlw may grthv to full maturity as individuals and members of society and so their conditions of life may be ffnproved. The relief of povety. sickness and distress The preseNation and protection of health These objectives are addressed in three main ways By delivery under contrad of the Welsh Assembly Govemmenfs Families First Programme. This Programme (administered by Denbighshire County Council) provides targeted youth and family support across Denbighshire, the Project providing case services south of the A55. Helping to engage and build relalionships and work in partnership with young peo* arKI their families to enable them to identfy their (Avn strengths arKI using multiagency support. c(￿nect them with help and opportunities rethnt to their needs. By prov￿Ing with partners an extensive programme of training for indivKJual developme.nt. skills for the . home and health and wellb&'ng. • By providirvJ a drop in service of advicè on a wide range of problems faced by young people. Achievements and Perfomiance An extensive and successful tender submrtted for the Families First Programmè 2 h&ding commenced on April 1 2018. Under the contract Denbigh Youth Project continued to act as the lead for a partnership th*. also includes Conwy and Denbighshire MentaE Heath Advisory Service, West Rhyl Ywng Peoples Proiecl dnd Denbigh Citizens Advice Bureau. Unfortunatety, the tender to renew contract was unsuccessful by the narr(Mest of margins. It is disappointing that the new Contrad will be based in Rhyl and not in the communty. The original contract was extended until 2￿ February 2024 to enable a transfer of clients but most opted not to transfer. During the year the Prqect was working with 37 families comprisirHJ 101 indlviduals idenlifbed by referrals from a wide range of sources. The day to day running of the Prryect has retumed to nomBI pre COVKI operations. It is clear hcwever that there still exists a marked hangover from covid for a number of dients. In particular signfficant efforts have been madp wrth clients to persuade them to retum to eduixtion. The Project Gontinued to work cbsety with a wido range of statutory and voluntary 8ervi¢es in order to resolva individual's di￿￿u￿reS. A number of other prc¥jramM￿ have been devdoped in response to ktal demarKI and a successful bid for funding was made via the Denbighshire Engagement and Wellbeing Partnership to the UK Shar*1 Prosperity Fund. This together with other furKling partners h&8 en￿ staff to continue st￿1*Y building relationships with dients to resolve their problems Innovative ways of establishiThJ contact arKI building dients skills indude cook arKI sessions, holiday activities, arts & crafts. mother and tc4Jdler group etc. DENBIGH YOUTH PROJECT Trustees Annual Report for tho Year to 31 March 2024 Staffmg During the year the Project employed one full time member of staff and Iwo part time. Stsff attended a number of courses in the year both to update basic skills and enhance their knowledge base. Financial Review During 2023124 there was a modest surplus enabling reserves to be strengthened by £13.435 The Trustees wish to record their appreciation of the support received via Den￿ghShlre County Council and Grwp Cynefin and other funders. The trustees remain confident that the Project will be financially strong enough to continue as a minimum throughout 2024r25 and in all likelihood continue after then for a number of years. It has h(ywever considered it prudent to CTeate a Redundancy Reserve whilst longer temi funding is soughL With all issues around premises resotved by the licence with Grwp Cynefin the principal risk faced by the Project is potential failure to identsfy further funding before reserves run out Reserves Policy It is the policy of the charity that unrestr￿ted fvnds which have r￿t been designated for a specific use should be maintained at a level equivalent to belween thre& and six-month's expenditure. The trustees considers that reserves at this level will ensure that in the event of a sunificant drop in funding, they will be able to continue to operate Structure, Governance and Management The Charity which is registered with the Charities Commission operates under a constitution originalty adopted in October 1996 and amended in November 2001. There is a management committee comprtsing of Trustees and attended by the Staff which"meets approximately every quarter. There is no fomal selection prO￿sS for Trustees as there is a lack of applicants. TruSt￿S in the year were: Mrs M Evans representing Grwp Cynefin Miss E Lloyd represenb.ng Grwp Cynefin Councillor M Young Chairperson Denbighshire County Council Councillor G Swingler DenbighSh1￿ County Council Mr N Thomas Treasurer Mr P Stevens Mrs P Edwards (Appointed 14112r2023) Mrs D Jones (Appointed 14112r2023) There are three members of staff Mr R Davies Project c(￿ordinatOr Mr M Heatlie Youth Worker (Part ts'me) Mls R Jones Youth Worker (Part time) Declaration The Trustees declare that they have approved the Trustees rewrt above Chairperson Treasurer Dated 14712¥ INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF DENBIGH YOUTH PROJECT (REGISTERED CHARITY NO. 1061493) We report on the accounts tof the year er￿ 31 March 2024 Respective responsibilities of trustees and examiner The charitys trustees are responsib￿ for the preparation of the accounts. The charitvs trustees consider that an audit is not required for this year under section 144(2) of the Char￿eS Act 2011 (the 2011 Act) and that an Inde[￿dent examination is needed, . It is my responsibilty to: • examine the accounts under section 145 of the 2011 Art • to follow the procedures laid do•Wt by the gU￿ra1 directions given ty the Charity Commission under seG*on 145(5)(b) of the 2011 Art and • to state whether particular matters have come to my attention. . Basis of Independent examinerfs report Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disdosures in the accounts. and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequentty no opinion is given as to whether the accounts present a 'true and fair vithrf and the ￿pOrt is limited to those matters set out in the ststement below. Independent examinerfs ststement In connection with our examination, no matter has cA)me to our attention: (1) which gives us reasonable cause to believe that in any material respect the requirements" • to keep accounting records in accordan￿ wth section 130 of the 2011 Act and . • to prepare accounts which accord with the accounting records and to comply with the accounb'ng requirements of the 2011 Act have not been met. or (2) to which, in our opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Simon Murray-williams FCA for and on behalf of Harold Smith Chartered Ac£ountsnts St. Asaph Business Park Denbighshire LL17 OJA DENBIGH YOUTH STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENDED 31 MARCH 2024 General 2024 TOTAL 2023 TOTAL note Incoming Resources Investh)ents 420 Charitable Activities 103.105 103.105 89,401 Totsl Income 105.065 105,065 89,821 Resources Expended Charitable Activttes 90.797 90,797 90.635 Governance Costs 834 834 756 Total Expenditure 91.631 91,631 91.391 Net Incomingl(Outgoing) 13,435 13N35 (1.S70) DENBIGH YOUTH PROJECT BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 ASSETS: CURRENT ASSETS: Sundry Debtors Prepayments Cash in Hand Communty Account Business Money Manager Account 426 102.55 128 2,043 106,418 126,221 129.434 108,589 LIABILITIES: CURRENT LIABILMES: Sundry Creditors 18,905 18.905 11,495 NET ASSErs: 110,629 97.094 CAPITAL & RESERVES (REPRESENTED BY): PROFrri(LOSS) IN THE YEAR: 13,435 (1,570> CAP￿AL WF: see note 4 97,094 98,664 CAPITAL CIF: see rM)te 4 110,529 97,094 DENBIGH YOUTH PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3tMARCH 2024 BASIS OF PREPARATION The accounts have been prepared in acc(xdance the Statement of Recommerthd Practti: Accounting and Reporb'ng by Charities preparing their accourrts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and %%ith the Charities Act 2011. No changes to accounting eslimates have (Kcurred in the reporting period (3.46 FRS 102 SORP). No material prior year emx have been identified in the reportir¥J (3.47 FRS 102 SORP). NOTE 1 . ACCOUNTING POLICIES Recognition of Incoming resourc These are included in the Statement of Financial AcaivrtI￿ (SOFA) when: the chanty becomes entitled to the resources" the trustees are virtualty certain they will receive ts resources: and the monetary value can be measured with sufficient reliabilty. Incoming rgsources wlth related oxpendlturn Where incoming resour￿ have related expenditu￿ (as with fvrKlraisir¥J or contract income) the incoming resources and related expenditure are reported gross in the SOFA. Grants and donations Grants and donations are only included in the SOFA when the charity has unconditional entrtlement to the resources. Contractual Inc(xne and performance related grants This is only included in the SOFA once the related goods or services have been delivered. Liability recognition Liabilitses are recognised as soon as there is a legal or Constructi￿ obligalion committing the charity to pay out resour￿. Gov•manco costs Indude costs of the preparation and examination of statutory acC￿nts, the costs of trustee n￿*•n9$ and cost of any legal advice to trustees on govemance or constitutional matters. Grants with p8rftKmance conditlons Vthere the chanty gives a grant ¥￿th conditions for its payment being a speafic level of service or output to be provided, such grarrts are only recognised in the SOFA once the recipient of the grant has provided the specffied service or outyuL Grants payablo without performance conditions These are only rewgnised in the accounts wfien a commitment has been made and there are no condition8 to be mèt Y•latin9 to th• grnnt r•main in th• eontn)l of tha charity. Tangibl• fixod assets for uso by charity Fixed assets are stated at cost less acctllnulated depreriknon. Provision for depreuakn of fixed assets held for use by the charity is made at annual rates calculated to spread the cost (less anticiw¢d ￿sidUal dispGsal value) of each asset evenly over its expected useful life. DENBIGH YOUTH PROJECT NOTES TO THE ACC.OUt4TS FOR THE YEAR ENDED 31 MARCH 2024 NOTE 2: ANALYSIS OF INCOMING RESOURCES . General 2024 TOTAL 2023 TOTAL Investments INTEREST RECEIVED 420 1.960 420 Charftable Activities Families First 66,315 66,315 68,898 Shared Prosperity Fund 26.582 26.582 Communty Foundation Wales 5,000 Council for WaÈs Voluntary Youth Services Denbighshire County Council Summer Events 3.208 3,208 Grwp Cynefin 7.956 Household Support Grant 2,385 Communities Support Grant 3.418 Denbighshire County Council Wam Spaces Grant 5.244 Betsi Cadwalladr UHB 1,500 103.105 103 105 DENBIGH YOUTH PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 NOTE 3: ANALYSIS OF RESOURCES EXPENDED Generdl 2024 TOTAL 2023 TOTAL Charitabl• Actlvtties SALARIES 63,322 1.236 25 63.322 1,236 25 622 20,370 493 1.313 761 1,078 220 1.295 61 61.(￿5 1.305 63 512 22,169 351 1.010 1.186 1,085 167 1,721 TRAVELLING TRAINING & JOB ADVERT PAYROLL ADMINISTRATION RENT & ACCOMODATION COSTS 20,370 493 1.313 761 INSURANCE TELECOMMS STATIONERY & CC￿Pl￿rER SUPPUES FOOD & MILK 1,078 220 1.295 61 SUNDRY PROGRAMMED EVENTS &4NK CHARGES 90.797 90.797 90.635 OTHER COSTS ACCOUNTANCY 834 756 756 DENBIGH YOUTH PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AIARCH 2024 NOTE 4: MOVEMEKfs IN CApifAL ACCOUNTS . INCOIAE EXF¥ENDrruRE TRANSFER CIF GENERAL AccouKr 105,(f 91.631 28,655 110,529 ENGAGEMEpif GATEWAY 28,655 P8.655) 105,065 91.631 110 529 NOTE 5: RELATED PARTY TRANSACTIONS There are no related party transa(thns duriThJ the year.