Registered number: 03397247 Charity number: 1064098
NORTHUMBRIA YOUTH ACTION LIMITED
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR END 31 JULY 2023
NORTHUMBRIA YOUTH ACTION LIMITED (A company limited by guarantee)
| CONTENTS | |
|---|---|
| Page | |
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 7 |
| Independent examiner's report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 - 11 |
| Notes to the financial statements | 12 - 25 |
NORTHUMBRIA YOUTH ACTION LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR END 31 JULY 2023
| Trustees | Councillor Edward Darke |
|---|---|
| Nicholas Kincaid (resigned 1 April 2023) | |
| Brenda Gildea | |
| Alan Turner | |
| Duncan Campbell | |
| Paul Cook, Chair | |
| Akinyinka Sobo | |
| Kami Kundi | |
| Company registered number 03397247 Charity registered number 1064098 Registered office Youth Village Hudson Street North Shields Tyne and Wear NE30 1DL Patron Lord Stevens of Kirkwhelpington Vice Patron John Squires OBE Accountants Ryecroft Glenton Chartered Accountants 32 Portland Terrace Newcastle upon Tyne NE2 1QP Bankers Natwest Bank plc PO Box 38 North Shields Tyne and Wear NE29 6QB |
Page 1
NORTHUMBRIA YOUTH ACTION LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR END 31 JULY 2023
The Trustees present their annual report together with the financial statements of the Company for the year 1 August 2022 to 31 July 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
Policies and objectives
The principal objectives are as described in the structure, governance and management section of the report.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Main activities undertaken to further the Company's purposes for the public benefit
Through the medium of motor vehicle, hairdressing, hospitality and bicycle training NYA helps young people mature and make the most of their potential. Indeed, our mission statement is:
NYA is committed to unleashing young people’s full potential through the world of work and training to provide a fuller richer life.
NYA is a specialist, independent training provider which delivers:
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Pre-16 training to school students who are at risk of exclusion.
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Study Programmes to 16 and 17 year olds who frequently have been refused training elsewhere.
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Motor Vehicle apprenticeships to 16-25 year olds who have, as a result of placements, been employed.
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• Level 2 and 3 motor vehicle courses to clients within the trade who wish to gain new skills and qualifications.
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MOT related training courses to experienced motor mechanics.
-
Electric vehicle maintenance courses to experienced motor mechanics.
NYA operates a fully equipped garage which services and repairs cars for members of the public, at reasonable rates. It also operates a hairdressing salon and commercial style kitchen for training purposes.
NYA also recycles push bikes. Our learners renovate donated bikes which are then sold, at low prices, to local families and young people.
Page 2
NORTHUMBRIA YOUTH ACTION LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR END 31 JULY 2023
Achievements and performance
Review of activities
Despite the financial pressures of Covid 19, this has been another successful year in training. NYA has raised standards in qualification achievement and invested in improvements to premises and equipment. NYA continues to be proactive in course and programme design but continues also to be flexible and reactive to the needs of our client group.
Pre-16 North Tyneside Council
Provision of courses for young people living in North Tyneside has been popular and effective. The majority of young people referred to this programme are reluctant school attenders. Numbers have been high and as a result, income from this work has been relatively high throughout the year.
Pre-16 Various
Significant income has been generated by providing “one off” courses for a range of young people. Income has resulted from close liaison with a number of schools in the North Tyneside, Newcastle and South Tyneside areas.
Post-16 Study Programmes
Study Programmes were introduced by the Government in August 2013. Since Covid, we have struggled to reach 2019 levels of occupancy but numbers are improving and we have again been able to meet contract value. Overall, this area of work has been very successful and productive. Our achievement rates and progression rates are rising and remain well above national averages at 75% and 92% respectively in 2022/23.
Post-16 Apprenticeships
Delivered by sub contract to Resources NE Ltd. Our experience continues to be that employers are not prepared to take young people on a fully paid apprenticeship until they have seen the young people working on placement. We have continued to give dedicated staff time to opening more placements with employers and despite changes to apprenticeship funding and conditions, this has again produced a small number of apprenticeships. Success rates continue to be high and in 2022/23 were over 70%.
Employers
We have continued to proactively develop relationships with reputable employers with a view to obtaining placements and ultimately employment via apprenticeships. This takes up a considerable amount of time and one staff member is now working in this area. Evidence suggests this work is very much to the benefit of our learners.
Page 3
NORTHUMBRIA YOUTH ACTION LIMITED (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR END 31 JULY 2023
Achievements and performance (continued)
Hairdressing
Hairdressing was introduced in March 2016. Since that time, pre 16 numbers have been good but post 16 numbers have been low. It was decided to only work with pre-16 learners in hairdressing from September 2022.
Hospitality
Hospitality training was introduced in September 2019 but numbers were small during the first year and have remained at low levels in 2022/23.
Additional income sources
Three significant income streams were introduced during 2016/17 in order to raise additional funds to pay for training of young people. Since August 2016, NYA has delivered MOT training courses in MOT station management, MOT tester training and annual MOT tester refreshers. In 2022/23 delivery of over 65 courses to a total of 194 candidates produced significant income.
Carrying out MOT tests and subsequent repairs to MOT failures has also continued to produce significant additional funding.
NYA is frequently being asked, by employers, to train adult mechanics who are already employed. This training does not involve Government funding but does generate income for NYA. Courses being offered include:
-
Level 3 diploma in vehicle maintenance and repair
-
Air conditioning systems servicing
Income from all of these sources is used to overcome the shortfall in Government funding. It enables NYA to work with small numbers of young people aged 16-21 for whom Government funding is unavailable or reduced.
Financial review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Review of the year
Restricted funds carried forward are £Nil (2022: £Nil) as a result of all income relating to restricted funds being expensed in the year.
Unrestricted funds increased by £10,079 prior to a depreciation charge of £36,725, resulting in a decrease of £26,646 to £1,135,601 (2022: £1,162,247).
Page 4
NORTHUMBRIA YOUTH ACTION LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR END 31 JULY 2023
Structure, governance and management
Constitution
-
Northumbria Youth Action Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 14 January 2000.
-
The company is constituted under a Memorandum of Association and is a registered charity number 1064098.
The principal objectives of the company are:-
-
To create the opportunity for young people from Northumbria to participate in challenging activities that offer new experiences, enhance skills and build a sense of achievement and self-esteem.
-
To create opportunities for young people to develop responsible attitudes.
-
To allow access to the workshop environment in which young people can learn skills in motor vehicle, hairdressing, hospitality and allied trades, which could assist in gaining employment or progression into training.
-
To provide training to young people in automotive vehicle maintenance and repair, vehicle fitting, hairdressing, hospitality, functional skills and bicycle repair. The target group consists of all those young people in the community, with an emphasis on the less advantaged and those at risk.
-
The trainees include young people who have not engaged recently in education, employment or training (NEET). All young people should be engaged in learning or work opportunities that are appropriate to their needs, so that they can acquire the skills, knowledge and confidence they need to build a positive future and stay away from crime and anti–social behaviour.
Methods of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. The trustees retiring by rotation who, being eligible, are available for reelection are Brenda Gildea and Duncan Campbell.
Patron & Vice Patron
Lord Stevens of Kirkwhelpington has continued to be an active patron of Northumbria Youth Action Limited. He has been extremely helpful in developing contacts between the Charity and the Business Sector. John Squires OBE agreed to act as vice patron. He has been particularly helpful in developing NYA's contacts with the motor trade and refining our business plan.
Organisational structure and decision-making policies
The company is organised so that the Trustees meet regularly to manage the affairs of the charity and to agree to ongoing developments. There are three managers, Jim Coltman, Mike Johnson and Carolyn Mount who manage the day to day running of the charity and oversee fundraising activities. In addition, Shawn Sutton manages garage activities. There are five qualified vocational trainers, plus additional sessional staff employed when required, to deliver vocational and other qualifications which the charity has undertaken to provide. There is an internal verifier, qualified functional skills teacher, two admin staff and a support officer. The charity uses Ryecroft Glenton as its accountants and during the financial year banked with Natwest Bank plc.
Page 5
NORTHUMBRIA YOUTH ACTION LIMITED
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR END 31 JULY 2023
Structure, governance and management (continued)
Financial risk management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Plans for future periods
The past year has been very successful. It is our intention to maintain standards of training and to further expand the courses offered. Numbers in hairdressing and Hospitality will be increased.
Pre-16 Training
It is our intention to maintain current levels of occupancy – offering up to 12 pre-16 places per day to our current clients. All referring schools/agencies have indicated they intend to continue working with NYA in the next academic year.
Post-16 Training
Study programmes are established and working well. During the coming year we expect to maintain high occupancy owing to the number of young people who wish to stay on at NYA for a second or third year.
NYA will continue to work with employers and our talented young people, to establish increased numbers of apprenticeships.
Page 6
NORTHUMBRIA YOUTH ACTION LIMITED (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR END 31 JULY 2023
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 20 November 2023 and signed on their behalf by:
Paul Cook Trustee
Page 7
NORTHUMBRIA YOUTH ACTION LIMITED (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR END 31 JULY 2023
Independent examiner's report to the Trustees of Northumbria Youth Action Limited ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 July 2023.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Company'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 (enter body here), which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Signed:
Dated: 20 November 2023
Jon Routledge FCA
Ryecroft Glenton 32 Portland Terrace Newcastle upon Tyne NE2 1QP
Page 8
NORTHUMBRIA YOUTH ACTION LIMITED (A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR END 31 JULY 2023
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Other income 6 Total income Expenditure on: Raising funds Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2023 £ 13,464 - - - 13,464 - 13,464 13,464 - - - - |
Unrestricted funds 2023 £ 285 451,970 15 - 452,270 18,749 460,167 478,916 (26,646) 1,162,247 (26,646) 1,135,601 |
Total funds 2023 £ 13,749 451,970 15 - 465,734 18,749 473,631 492,380 (26,646) 1,162,247 (26,646) 1,135,601 |
Total funds 2022 £ 14,352 440,067 8 400 454,827 21,242 503,710 524,952 (70,125) 1,232,372 (70,125) 1,162,247 |
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 25 form part of these financial statements.
Page 9
(A company limited by guarantee) REGISTERED NUMBER: 03397247
NORTHUMBRIA YOUTH ACTION LIMITED
BALANCE SHEET AS AT 31 JULY 2023
| Note Fixed assets Tangible assets 12 Current assets Stocks 13 Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current (liabilities) / assets Total assets less current liabilities Creditors: amounts falling due after more than one year 16 Total net assets Charity funds Restricted funds 18 Unrestricted funds 18 Total funds |
4,000 54,742 2,488 61,230 (61,378) |
2023 £ 1,236,655 1,236,655 (148) 1,236,507 (100,906) 1,135,601 - 1,135,601 1,135,601 |
3,500 39,270 28,953 71,723 (49,801) |
2022 £ 1,273,380 1,273,380 21,922 1,295,302 (133,055) 1,162,247 - 1,162,247 1,162,247 |
|---|---|---|---|---|
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime
.
Page 10
NORTHUMBRIA YOUTH ACTION LIMITED (A company limited by guarantee) REGISTERED NUMBER: 03397247
BALANCE SHEET (CONTINUED) AS AT 31 JULY 2023
The financial statements were approved and authorised for issue by the Trustees on 20 November 2023 and signed on their behalf by:
Paul Cook
Brenda Gildea
The notes on pages 12 to 25 form part of these financial statements.
Page 11
NORTHUMBRIA YOUTH ACTION LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
1. General information
The company is a company limited by guarantee (company registration number: 03397247, charity number: 1064098) incorporated in England. The registered office, and principal place of business is disclosed on page 1. The members of the company are the Trustees and are also listed on page 1.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Northumbria Youth Action Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The company depends on its existing bank facilities to meet its day to day working capital requirements. Current forecasts indicate that the company expects to be able to operate within these facilities for the foreseeable future. These facilities are renewed annually and are not guaranteed for the period covered by the going concern review.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.4 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.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
Page 12
NORTHUMBRIA YOUTH ACTION LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
2. Accounting policies (continued)
2.4 Expenditure (continued)
All expenditure is inclusive of irrecoverable VAT.
2.5 Government grants
Grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives on the following bases: .
epreciation is provided on the following bases:
- Leasehold property 2% straight line - Plant and machinery 25% straight line Motor vehicles - 25% reducing balance
2.8 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 13
NORTHUMBRIA YOUTH ACTION LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
2. Accounting policies (continued)
2.11 Liabilities
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.12 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
3. Income from donations and legacies
| Donations Donations |
Restricted funds 2023 Unrestricted funds 2023 £ £ 13,464 285 Restricted funds 2022 Unrestricted funds 2022 £ £ 14,000 352 |
Total funds 2023 £ 13,749 |
|---|---|---|
| Total funds 2022 £ 14,352 |
Page 14
(A company limited by guarantee)
NORTHUMBRIA YOUTH ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
4. Income from charitable activities
| Unrestricted funds 2023 £ Income from charitable activities - Operation of automobile services and training centre 451,970 Unrestricted funds 2022 £ Income from charitable activities - Operation of automobile services and training centre 440,067 |
Total funds 2023 £ 451,970 |
|---|---|
| Total funds 2022 £ 440,067 |
5. Investment income
| Unrestricted funds 2023 £ Investment income 15 Unrestricted funds 2022 £ Investment income 8 |
Total funds 2023 £ 15 |
|---|---|
| Total funds 2022 £ 8 |
Page 15
(A company limited by guarantee)
NORTHUMBRIA YOUTH ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
6. Other incoming resources
| Furlough income Unrestricted funds 2022 £ Furlough income 400 |
Total funds 2023 £ - |
|---|---|
| Total funds 2022 £ 400 |
7. Analysis of expenditure on charitable activities
Summary by fund type
| Operation of automobile services and training centre Operation of automobile services and training centre |
Restricted funds 2023 Unrestricted funds 2023 £ £ 13,464 460,167 Restricted funds 2022 Unrestricted funds 2022 £ £ 14,000 489,710 |
Total 2023 £ 473,631 |
|---|---|---|
| Total 2022 £ 503,710 |
Page 16
(A company limited by guarantee)
NORTHUMBRIA YOUTH ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
8. Analysis of expenditure by activities
| Operation of automobile services and training centre Operation of automobile services and training centre |
Activities undertaken directly 2023 £ 336,686 Activities undertaken directly 2022 £ 370,037 |
Support costs 2023 £ 136,945 Support costs 2022 £ 133,673 |
Total funds 2023 £ 473,631 |
|---|---|---|---|
| Total funds 2022 £ 503,710 |
Analysis of direct costs
| Wages and salaries Depreciation Purchases and activities costs Motor, travel and subsistence Boots and clothing Training costs and exam fees |
Operation of automobile services and training centre 2023 £ 204,943 36,725 64,167 5,201 2,169 23,481 336,686 |
Total funds 2023 £ 204,943 36,725 64,167 5,201 2,169 23,481 |
|---|---|---|
| 336,686 |
Page 17
NORTHUMBRIA YOUTH ACTION LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
8. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Wages and salaries Depreciation Purchases and activities and costs Motor, travel and subsistence Boots and clothing Training costs and exam fees Analysis of support costs Wages and salaries Premises expenses Professional fees Accountancy Sundries and subscriptions Bank charges and loan interest Telephone, postage and stationery Insurance and rental charges Independent examiner's fee - Governance |
Operation of automobile services and training centre 2022 £ 217,496 36,755 73,188 7,206 1,466 33,926 370,037 Operation of automobile services and training centre 2023 £ 85,444 6,570 2,379 2,099 7,747 9,162 7,617 13,851 2,076 136,945 |
Total funds 2022 £ 217,496 36,755 73,188 7,206 1,466 33,926 |
|---|---|---|
| 370,037 | ||
| Total funds 2023 £ 85,444 6,570 2,379 2,099 7,747 9,162 7,617 13,851 2,076 |
||
| 136,945 |
Page 18
NORTHUMBRIA YOUTH ACTION LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
8. Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
| Wages and salaries Premises expenses Professional fees Accountancy Sundries and subscriptions Bank charges and loan interest Telephone, postage and stationery Insurance and rental charges Indepndent examiner's fee - Governance 9. Independent examiner's remuneration Fees payable to the Company's independent examiner for the preparation and independent examination of the Company's annual accounts 10. Staff costs Wages and salaries |
Operation of automobile services and training centre 2022 £ 83,071 10,516 1,216 1,908 2,931 5,264 6,834 20,046 1,887 133,673 2023 £ 2,076 2023 £ 309,136 309,136 |
Total funds 2022 £ 83,071 10,516 1,216 1,908 2,931 5,264 6,834 20,046 1,887 |
|---|---|---|
| 133,673 | ||
| 2022 £ 1,887 |
||
| 2022 £ 321,809 |
||
| 321,809 |
Page 19
NORTHUMBRIA YOUTH ACTION LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
10. Staff costs (continued)
The average number of persons employed by the Company during the year was as follows:
| Management and administration Projects |
2023 No. 5 9 14 |
2022 No. 5 10 |
|---|---|---|
| 15 |
No employee received remuneration amounting to more than £60,000 in either year.
Key management personnel staff costs for the year amount to £85,444 (2022: £83,071).
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .
During the year, no Trustee expenses have been incurred (2022 - £NIL) .
Page 20
(A company limited by guarantee)
NORTHUMBRIA YOUTH ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
12. Tangible fixed assets
| Cost or valuation At 1 August 2022 At 31 July 2023 Depreciation At 1 August 2022 Charge for the year At 31 July 2023 Net book value At 31 July 2023 At 31 July 2022 13. Stocks Finished goods and goods for resale 14. Debtors Due within one year Trade debtors Other debtors |
Long-term leasehold property £ 1,831,638 1,831,638 558,624 36,633 595,257 1,236,381 1,273,014 |
Plant and machinery £ 102,587 102,587 102,587 - 102,587 - - |
Motor vehicles £ 7,835 7,835 7,469 92 7,561 274 366 2023 £ 4,000 2023 £ 51,596 3,146 54,742 |
Total £ 1,942,060 |
|
|---|---|---|---|---|---|
| 1,942,060 | |||||
| 668,680 36,725 |
|||||
| 705,405 | |||||
| 1,236,655 | |||||
| 1,273,380 | |||||
| 2022 £ 3,500 2022 £ 34,470 4,800 39,270 |
Page 21
NORTHUMBRIA YOUTH ACTION LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
15. Creditors: Amounts falling due within one year
| Bank overdrafts Bank loans Other loans Trade creditors Other creditors Accruals and deferred income |
2023 £ 9,321 25,786 7,776 9,803 5,540 3,152 61,378 |
2022 £ - 25,242 1,301 13,417 5,348 4,493 |
|---|---|---|
| 49,801 |
16. Creditors: Amounts falling due after more than one year
| Bank loans Other loans |
2023 £ 47,768 53,138 100,906 |
2022 £ 73,955 59,100 |
|---|---|---|
| 133,055 |
The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:
| Repayable by instalments | 2023 £ 33,003 33,003 |
2022 £ 44,689 |
|---|---|---|
| 44,689 |
17. Financial instruments
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 2,488 | 28,953 |
Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand.
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NORTHUMBRIA YOUTH ACTION LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
18. Statement of funds
Statement of funds - current year
| Balance at 1 August 2022 £ Unrestricted funds General Funds 1,162,247 Restricted funds Holiday schemes - Total of funds 1,162,247 |
Income £ 452,270 13,464 465,734 |
Expenditure £ Balance at 31 July 2023 £ (478,916) 1,135,601 (13,464) - (492,380) 1,135,601 |
Expenditure £ Balance at 31 July 2023 £ (478,916) 1,135,601 (13,464) - (492,380) 1,135,601 |
|---|---|---|---|
| - | |||
| 1,135,601 |
Holiday schemes - money is donated to allow NYA to conduct a summer school in the summer months, when there is a break in the academic calendar. This includes entertaining, and feeding the members over the course of these weeks.
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(A company limited by guarantee)
NORTHUMBRIA YOUTH ACTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
18. Statement of funds (continued)
| 18. Statement of funds (continued) |
|||
|---|---|---|---|
| Statement of funds - prior year Balance at 1 August 2021 £ Unrestricted funds General Funds 1,232,372 Restricted funds Holiday schemes - Total of funds 1,232,372 19. Summary of funds Summary of funds - current year Balance at 1 August 2022 £ General funds 1,162,247 Restricted funds - 1,162,247 Summary of funds - prior year Balance at 1 August 2021 £ General funds 1,232,372 Restricted funds - 1,232,372 |
Income £ 440,827 14,000 454,827 Income £ 452,270 13,464 465,734 Income £ 440,827 14,000 454,827 |
Expenditure £ Balance at 31 July 2022 £ (510,952) 1,162,247 (14,000) - (524,952) 1,162,247 Expenditure £ Balance at 31 July 2023 £ (478,916) 1,135,601 (13,464) - (492,380) 1,135,601 Expenditure £ Balance at 31 July 2022 £ (510,952) 1,162,247 (14,000) - (524,952) 1,162,247 |
Balance at 31 July 2022 £ 1,162,247 |
| - | |||
| 1,162,247 | |||
| 1,135,601 | |||
| Balance at 31 July 2022 £ 1,162,247 - |
|||
| 1,162,247 |
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NORTHUMBRIA YOUTH ACTION LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR END 31 JULY 2023
20. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2023 £ Tangible fixed assets 1,236,655 Current assets 61,230 Creditors due within one year (61,378) Creditors due in more than one year (100,906) Total 1,135,601 |
Total funds 2023 £ 1,236,655 61,230 (61,378) (100,906) 1,135,601 |
|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2022 £ 1,273,380 71,723 (49,801) (133,055) 1,162,247 |
Total funds 2022 £ 1,273,380 71,723 (49,801) (133,055) 1,162,247 |
|---|---|---|
21. Related party transactions
Northumbria Youth Action Limited had sales of £6,606 (2022 - £10,449) to Jim Coltman Limited. The only director of this company, Jim Coltman, is a manager at Northumbria Youth Action Limited. At the year end there was an outstanding debtor balance of £2,281 (2022 - £375) from Jim Coltman Limited.
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