OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1072217

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE SHALOM YOUTH PROJECT

THE SHALOM YOUTH PROJECT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 13
Detailed Statement of Financial Activities 14

THE SHALOM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Educating and assisting young people, in or near the Parish of St John and St Stephen, through their leisure-time activities so as to develop their physical, mental and spiritual capabilities to the end that they may grow to full maturity as individuals and members of society, and that their conditions of life may be improved.

Within these broad objectives our mission is:

To reach and support young people at risk in the community and through sustained long term relationships enable them to become functioning adults.

We define 'young people at risk' as those who exhibit one or more of the following indicators:

Lack of family support Experiencing racism, sexism or bullying Having truanted or been excluded from school Possess a learning difficulty Now or in the past a looked after child Deemed beyond parental control Homeless Experimenting with drugs including alcohol and solvents Experienced child abuse Addicted to gambling Been in trouble with the police Having child-care responsibilities

We identify the following categories of risk:

  1. Addicted to risk behaviours

  2. Experimenting with risk behaviours

  3. High risk factors

  4. Some risk factors

  5. Low risk factors

  6. Not at risk in these terms

We have referred to the guidance contained in the Charity Commissions general guidance on public benefit and complied with section 17(5) of the 2011 Charities Act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Work has continued throughout the year to enhance and improve the Centre. With funding from NELC we were able to completely refurbish the kitchen to a very high standard. The old reception was vacant, and the 'God Room' had proved unsuitable for group work. With funding from Lincoln Diocese we were able to create a new 'God Room' in the former reception, which was dedicated by the Bishop of Lincoln. This area has proved invaluable for small groups work. The former God Room is currently being transformed into an arts and craft area.

We are coming to the end of another very busy year; 450 children and young people have accessed the Project. We have worked hard to reach out to high-risk young people and managed after a stormy time to integrate them into the Project.

Sadly, another young adult in the community took his own life and this prompted us to explore providing support for young males who tend to bottle up their emotions, sometimes leading to tragic outcomes. We are now holding daytime drop-in sessions, and these have proved to be a much needed resource.

We are extremely grateful to Paul Caswell and the team from NELC for their invaluable support and encouragement throughout the year.

Page 1

THE SHALOM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

FINANCIAL REVIEW

Reserves policy

The amount of reserves considering redundancy costs and three months operating costs has been calculated as £16,000.

The free reserves at 31 December 2023 were £8,958 (2022: £26,269). It is intended to work towards restoring this back to £16,000 when the funds are available.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Shalom Youth Project is managed by the Board of Trustees under the authority of the Constitution approved in 1998 and amended at the meeting of 20 September 2006 and 8 July 2009.

The trustees are members of the Board and are legally responsible for the governance and management of the Project.

The Trustees are responsible for setting strategies and policies and ensuring that these are implemented.

Authority to conduct day to day operations of the project are delegated by the Trustees to the Project Manager and through him (and the Assistant Project Manager) to the Key Workers.

The Project Manager is accountable to the Trustees for the efficient running of the Project.

Recruitment and appointment of new trustees

We are always on the lookout for new Trustees. Our present team have been with us for some considerable time - but we were conscious of gaps in our skill base and have appointed three new Trustees in an effort to close these.

Risk management

The Trustees have identified the major strategic risks to which the Project is exposed and established controls and action to mitigate them.

The Trustees seek to take all appropriate steps to moderate the inevitable operational risks to which the staff, volunteers, users and assets of the Project are exposed.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1072217

Principal address

St John and St Stephen Church Centre Rutland Street Grimsby N E Lincolnshire DN32 7LT

Trustees

Dr. B M Dasein Revd K Jones Mr J Atkinson Mr A Walmsley (resigned 27.11.23) Mrs E Walmsley Mr A Burley Mrs M Onn Mrs C Thompson Mrs S Barker Mr C Taylor

Independent Examiner

C. M. Tams F.C.A. Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL

Page 2

THE SHALOM YOUTH PROJECT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

REFERENCE AND ADMINISTRATIVE DETAILS Bankers

Cooperative Bank 27 South St Mary'sGate GRIMSBY DN31 1JD

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 10 June 2024 and signed on its behalf by:

Revd K Jones - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SHALOM YOUTH PROJECT

Independent examiner's report to the trustees of The Shalom Youth Project

I report to the charity trustees on my examination of the accounts of The Shalom Youth Project (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts 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 accounts to be reached.

C. M. Tams F.C.A.

Smethurst & Co LLP 12 Abbey Road GRIMSBY DN32 0HL

17 June 2024

Page 4

THE SHALOM YOUTH PROJECT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Grants and donations
2
13,520
Activities for generating funds
3
12,259
Total
25,779
EXPENDITURE ON
Administration expenses
11,646
Charitable activities
Youth Centre
15,686
Assistant Project Manager
-
Coffee Bar
3,524
Shal Reach
-
Garfield Weston
-
Awards for All
-
NELC Young & Safe
-
Premises costs
18,870
Total
49,726
NET INCOME/(EXPENDITURE)
(23,947)
Transfers between funds
10
1,258
Net movement in funds
(22,689)
RECONCILIATION OF FUNDS
Total funds brought forward
104,652
TOTAL FUNDS CARRIED FORWARD
81,963		 Restricted
funds
£
64,791
-
64,791
559
4,445
28,547
-
-
1,865
-
8,298
52,632
96,346
(31,555)
(1,258)
(32,813)
33,634
821		 31.12.23
31.12.22
Total
Total
funds
funds
£
£
78,311
105,532
12,259
6,337
90,570
111,869
12,205
13,443
20,131
6,750
28,547
24,431
3,524
2,890
-
1,215
1,865
6,182
-
6,786
8,298
4,718
71,502
30,963
146,072
97,378
(55,502)
14,491
-
-
(55,502)
14,491
138,286
123,795
82,784
138,286		 31.12.23
31.12.22
Total
Total
funds
funds
£
£
78,311
105,532
12,259
6,337
90,570
111,869
12,205
13,443
20,131
6,750
28,547
24,431
3,524
2,890
-
1,215
1,865
6,182
-
6,786
8,298
4,718
71,502
30,963
146,072
97,378
(55,502)
14,491
-
-
(55,502)
14,491
138,286
123,795
82,784
138,286
111,869
13,443
6,750
24,431
2,890
1,215
6,182
6,786
4,718
30,963
97,378
14,491
-
14,491
123,795
138,286

The notes form part of these financial statements

Page 5

THE SHALOM YOUTH PROJECT

BALANCE SHEET 31 DECEMBER 2023

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
73,005
CURRENT ASSETS
Debtors
8
8,116
Cash at bank and in hand
4,898
13,014
CREDITORS
Amounts falling due within one year
9
(4,056)
NET CURRENT ASSETS
8,958
TOTAL ASSETS LESS CURRENT LIABILITIES
81,963
NET ASSETS
81,963
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
(4,216)
5,037
821
-
821
821
821		 31.12.23
Total
funds
£
73,005
3,900
9,935
13,835
(4,056)
9,779
82,784
82,784
81,963
821
82,784		 31.12.22
Total
funds
£
78,383
5,273
58,487
63,760
(3,857)
59,903
138,286
138,286
104,652
33,634
138,286

The financial statements were approved by the Board of Trustees and authorised for issue on 10 June 2024 and were signed on its behalf by:

Revd K Jones - Trustee

Dr. B M Dasein - Trustee

The notes form part of these financial statements

Page 6

THE SHALOM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Grants and donations are recognised in the Statement of Financial Activities when the general income recognition criteria are met.

For performance related grants income is recognised to the extent that the charity has provided the specified goods or services if entitlement to the grant only occurs when the performance related conditions are met.

Expenditure

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.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over their expected useful lives as follows -

Other land and buildings - 4% on cost Fixtures, fittings and equipment - 15% or 20% on cost

The charity has a policy to capitalise assets if they can be used for more than one year and cost at least £100.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the notes to the accounts.

Page 7

THE SHALOM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2. GRANTS AND DONATIONS

Donations
Grants
Grants received, included in the above, are as follows:
Youth Services and NELC
Garfield Weston
Lincoln Diocese
Other grants
3.
ACTIVITIES FOR GENERATING FUNDS
Fundraising events
Snack bar sales
Hall hire		 31.12.23
£
14,520
63,791
78,311
31.12.23
£
43,291
-
18,000
2,500
63,791
31.12.23
£
1,582
3,872
6,805
12,259		 31.12.22
£
23,132
82,400		 31.12.22
£
23,132
82,400
105,532
31.12.22
£
71,400
10,000
500
500
82,400
31.12.22
£
894
3,763
1,680
6,337
6,337

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.12.23 31.12.22
Charitable activities 9 7
Other 1 1
10 8

No employees received emoluments in excess of £60,000.

Page 8

THE SHALOM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Grants and donations
Activities for generating funds
Total
EXPENDITURE ON
Administration expenses
Charitable activities
Youth Centre
Assistant Project Manager
Coffee Bar
Shal Reach
Garfield Weston
Awards for All
NELC Young & Safe
Premises costs
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
7.
TANGIBLE FIXED ASSETS
COST
At 1 January 2023
Additions
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 Unrestricted
fund
£
20,392
5,722
26,114
10,509
4,982
-
2,890
-
-
-
-
12,118
30,499
(4,385)
3,529
(856)
105,508
104,652
Other
land and
buildings
£
149,662
-
149,662
77,823
5,986
83,809
65,853
71,839		 Restricted
funds
£
85,140
615
85,755
2,934
1,768
24,431
-
1,215
6,182
6,786
4,718
18,845
66,879
18,876
(3,529)
15,347
18,287
33,634
Fixtures,
fittings
and
equipment
£
35,234
2,228
37,462
28,690
1,620
30,310
7,152
6,544		 Total
funds
£
105,532
6,337
111,869
13,443
6,750
24,431
2,890
1,215
6,182
6,786
4,718
30,963
97,378
14,491
-
14,491
123,795
138,286
Totals
£
184,896
2,228
187,124
106,513
7,606
114,119
73,005
78,383		 Total
funds
£
105,532
6,337
111,869
13,443
6,750
24,431
2,890
1,215
6,182
6,786
4,718
30,963
97,378
14,491
-
14,491
123,795
138,286

Page 9

THE SHALOM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
10.
MOVEMENT IN FUNDS
At 1.1.23
£
Unrestricted funds
General fund
104,652
Restricted funds
HY2HY
435
Prince's Trust
123
Garfield Weston
1,865
NELC Young & Safe
1,277
NELC wages funding
8,604
Pavilion project planning
(4,216)
Youth Centre refurbishment
25,000
Brad Ladds Group
282
Other restricted funding
264
33,634
TOTAL FUNDS
138,286
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
HY2HY
Prince's Trust
Garfield Weston
NELC Young & Safe
NELC wages funding
Pavilion project planning
Youth Centre refurbishment
Brad Ladds Group
Lincoln Diocese
Other restricted funding
TOTAL FUNDS		 Net
movement
in funds
£
(23,947)
(2)
(15)
(1,865)
(1,277)
(8,547)
4,216
(23,742)
(205)
(118)
(31,555)
(55,502)
Incoming
resources
£
25,779
2,000
-
-
8,100
20,000
14,191
-
-
18,000
2,500
64,791
90,570		 31.12.23
31.12.22
£
£
3,900
5,273
31.12.23
31.12.22
£
£
4,056
3,857
Transfers
between
At
funds
31.12.23
£
£
1,258
81,963
-
433
-
108
-
-
-
-
-
57
-
-
(1,258)
-
-
77
-
146
(1,258)
821
-
82,784
Resources
Movement
expended
in funds
£
£
(49,726)
(23,947)
(2,002)
(2)
(15)
(15)
(1,865)
(1,865)
(9,377)
(1,277)
(28,547)
(8,547)
(9,975)
4,216
(23,742)
(23,742)
(205)
(205)
(18,000)
-
(2,618)
(118)
(96,346)
(31,555)
(146,072)
(55,502)

Page 10

THE SHALOM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
HY2HY
Prince's Trust
Bishop's Social Justice Fund
Police & Crime Commissioner's Fund
KDARS
Garfield Weston
Awards for All
NELC Young & Safe
Refurbishment Match Funding
NELC wages funding
Pavilion project planning
Youth Centre refurbishment
Brad Ladds Group
Other restricted funding
TOTAL FUNDS		 At 1.1.22
£
105,508
435
243
3,035
1,359
494
-
8,519
3,157
1,045
-
-
-
-
-
18,287
123,795		 Net
movement
in funds
£
(4,385)
-
(120)
(3,035)
(1,359)
(494)
2,125
(8,519)
(1,880)
1,657
8,604
(4,216)
25,000
849
264
18,876
14,491		 Transfers
between
funds
£
3,529
-
-
-
-
-
(260)
-
-
(2,702)
-
-
-
(567)
-
(3,529)
-		 At
31.12.22
£
104,652
435
123
-
-
-
1,865
-
1,277
-
8,604
(4,216)
25,000
282
264
33,634
138,286

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Prince's Trust
Bishop's Social Justice Fund
Police & Crime Commissioner's Fund
KDARS
Garfield Weston
Awards for All
NELC Young & Safe
Refurbishment Match Funding
NELC wages funding
Pavilion project planning
Youth Centre refurbishment
Brad Ladds Group
Other restricted funding
TOTAL FUNDS		 Incoming
resources
£
26,114
-
-
-
-
10,000
-
4,531
2,031
30,000
11,869
25,000
1,324
1,000
85,755
111,869		 Resources
Movement
expended
in funds
£
£
(30,499)
(4,385)
(120)
(120)
(3,035)
(3,035)
(1,359)
(1,359)
(494)
(494)
(7,875)
2,125
(8,519)
(8,519)
(6,411)
(1,880)
(374)
1,657
(21,396)
8,604
(16,085)
(4,216)
-
25,000
(475)
849
(736)
264
(66,879)
18,876
(97,378)
14,491

Page 11

THE SHALOM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
HY2HY
Prince's Trust
Bishop's Social Justice Fund
Police & Crime Commissioner's Fund
KDARS
Garfield Weston
Awards for All
NELC Young & Safe
Refurbishment Match Funding
NELC wages funding
Youth Centre refurbishment
Brad Ladds Group
Other restricted funding
TOTAL FUNDS		 At 1.1.22
£
105,508
435
243
3,035
1,359
494
-
8,519
3,157
1,045
-
-
-
-
18,287
123,795		 Net
movement
in funds
£
(28,332)
(2)
(135)
(3,035)
(1,359)
(494)
260
(8,519)
(3,157)
1,657
57
1,258
644
146
(12,679)
(41,011)		 Transfers
between
funds
£
4,787
-
-
-
-
-
(260)
-
-
(2,702)
-
(1,258)
(567)
-
(4,787)
-		 At
31.12.23
£
81,963
433
108
-
-
-
-
-
-
-
57
-
77
146
821
82,784

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
HY2HY
Prince's Trust
Bishop's Social Justice Fund
Police & Crime Commissioner's Fund
KDARS
Garfield Weston
Awards for All
NELC Young & Safe
Refurbishment Match Funding
NELC wages funding
Pavilion project planning
Youth Centre refurbishment
Brad Ladds Group
Lincoln Diocese
Other restricted funding
TOTAL FUNDS		 Incoming
resources
£
51,893
2,000
-
-
-
-
10,000
-
12,631
2,031
50,000
26,060
25,000
1,324
18,000
3,500
150,546
202,439		 Resources
Movement
expended
in funds
£
£
(80,225)
(28,332)
(2,002)
(2)
(135)
(135)
(3,035)
(3,035)
(1,359)
(1,359)
(494)
(494)
(9,740)
260
(8,519)
(8,519)
(15,788)
(3,157)
(374)
1,657
(49,943)
57
(26,060)
-
(23,742)
1,258
(680)
644
(18,000)
-
(3,354)
146
(163,225)
(12,679)
(243,450)
(41,011)		 Resources
Movement
expended
in funds
£
£
(80,225)
(28,332)
(2,002)
(2)
(135)
(135)
(3,035)
(3,035)
(1,359)
(1,359)
(494)
(494)
(9,740)
260
(8,519)
(8,519)
(15,788)
(3,157)
(374)
1,657
(49,943)
57
(26,060)
-
(23,742)
1,258
(680)
644
(18,000)
-
(3,354)
146
(163,225)
(12,679)
(243,450)
(41,011)
(12,679)
(41,011)

Included within restricted funds are the following -

HY2HY - to assist children affected by parents misuse of alcohol and substances

Page 12

THE SHALOM YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. MOVEMENT IN FUNDS - continued

Prince's Trust - grant for 16+ training Bishop's Social Justice Fund - grant toward salary of assistant project manager Police & Crime Commissioner's Fund - grant for outreach work National Lottery Awards for All - funding for Youth Centre groups / activities Garfield Weston - core funding for Youth Project NELC Young & Safe - funding for Wednesday group Refurbishment Match Funding - donations for youth centre refurbishment NELC wages funding - grant toward salary of assistant project manager Pavilion project funding - proposed development of new buildings Youth Centre refurbishment - funding for renovation and refurbishment Brad Ladds Group - group for over 18 year olds to meet up and socialise Lincoln Diocese - funding for God Room refurbishment

Other restricted funds includes funding received for mental health support and for trips for children and families.

Transfers between funds

Transfers into the general fund of £1,258 (2022: £3,529) are in relation to assets that have been purchased from restricted income where the restrictions have been met.

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

12. USE OF VOLUNTEERS

Volunteers donated services are not provided for within the accounts. The contribution of unpaid services provided by volunteers during the year amounted to £4,631 (2022: £5,539). Shalom Youth project is supported by the Church of England. The board of Trustees of Shalom Youth Project also volunteer their time and support to fulfil their role.

Page 13

THE SHALOM YOUTH PROJECT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

31.12.23 31.12.22
£ £
INCOME AND ENDOWMENTS
Grants and donations
Donations 14,520 23,132
Grants 63,791 82,400
78,311 105,532
Activities for generating funds
Fundraising events 1,582 894
Snack bar sales 3,872 3,763
Hall hire 6,805 1,680
12,259 6,337
Total incoming resources 90,570 111,869
EXPENDITURE
Administration expenses
Project management fee / rent 2,390 2,648
Postage and stationery 392 1,050
Telephone 1,213 2,093
Consultancy 3,387 3,835
Accountancy 2,535 1,980
Sundry expenses 668 812
Depreciation 1,620 1,025
12,205 13,443
Premises costs
Light, heat and water 2,278 2,158
Repairs and maintenance 6,394 2,844
Cleaning 1,373 1,161
Insurance 2,578 2,728
Pavilion planning costs 9,975 16,085
Refurbishment costs 42,918 -
Depreciation 5,986 5,987
71,502 30,963
Charitable activities
Youth Centre
Wages 49,511 43,731
Activities 7,697 3,941
Food & drink 1,599 2,313
Travel 34 97
Snack bar purchases 3,524 2,890
62,365 52,972
Total resources expended 146,072 97,378
Net (expenditure)/income (55,502) 14,491

This page does not form part of the statutory financial statements

Page 14