**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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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
3. 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