CITY REACH YOUTH PROJECT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 REGISTERED CHARITY NUMBER: 1086532
CITY REACH YoufH PROJECT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 coprrEprrs PAge R¢kKTrn of the Mwement Commiitee Independent Examine£s Report Statement of Tr inancial Activities Ba]anie Sheet Notes to the Financial Statcments 9- 15 FOR MANAGEMENT PURPOSLS ONLY: Detailed Income and Expenditure Account - Total Unrestricted Fut 16
CITY REACH YOUTH PROJECT Page I REPORT OF THE MANAGEMENT cOMMIEE FOR THE YEAR ENDED 31 MARCH 2023 The ManageTnent Committee is pleased io pr¢sent its annual r¢port and ullauditcd Financial Statements of the charity for the year ended 31 March 2023. The Financial Statements havc be¢n pr¢paTed in accordance with the accounting 1]eLeS set out in note I to the Financial Slatementg and comply with th¢ charity's trSt deed. the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their Financial Statements in accordancc with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). RF.FERFNCF AND ADMINISTrATtVE INFORMATIOIY Charity Name: City Reach Youth Project Registered Charity Number: 1086532 Principal Offlce: City Reach Youth Project clo Northarn Community Centre Kent Streei Northam Southampton S014 5SP Banktrs: Nat West Bank PIC 12 High Street Southampton S014 2BF Trustecj: The tneman2gernent committee who served during the year and since the year end are ag follows: D EI¢0n K Grove A M¢Carthy D P¢arce Our Advisors: 1ndCndent Examine. Abraham & Dobell 230 Shirley Road Southampton Snl 5 3HR
crry REACH YoirrH PROJEcr Page 2 REPORT OF THE MANAGEMENT COMMITTEE (CONTThUED} FOR THE YEAR ENDED 31 MARCH 2023 AIMg AND OJEcfivES We arc a youth piojKt within Northam CollnUn1ty Centre in Central Southamp Providin8 ortn access youth settings for children a8cd 5-17. Throu8h our youth settin8s v cover a lot of topics that cover young people, such as healthy living and lifestyles from support for bullying and mental and other health issues and we celebrate numerous cuItUTaJ events also. We also support a larg¢ numlxr ot. childr¢n with SEND needs. Public Benefit StatemeDt All of our activiiies ar¢ undcrtakcn to further our cljarilable PUTtx)scs forthe public benefil. In shaping our objectives and planning our activities. the Management Committee has considered the Charity Commission's guidanc¢ on public bcn¢fit includklls sUIdan 'PubliG B¢n¢fit: Running a Charity (P]32)', ACHIEVEMENTS AND PERFORMANCF This year we have b¢cn 8UPPOrted by Southampt(Jn City Council and Wombl¢ Bond Dickinson (UK) LLP (WBD). as well a3 Canford School. WBD hel[1 us pui in an application to Southampton City Council for a grant to continue our girls, group for a ye2r and they alg) donated lots of new toys as well as laptops and mobile phones to hand out to young people who are in need of doing their homgwork on-linLI. Canford School Gontinue lo support us where we will be tsking a group of children away for a long weckend in April 23 to an ttivity c¢ntr¢. We were also ihosen by the Lord Mayor of Southampton to be one of h¢r chosen oharities, this was for a year, we took part in helping fundraising events. We have had lots of new young ppIe come into our projecl this year And we have a dedieated volunteer group. Young FKopl¢ and adults h¢lp at events w¢ run and hclp within th¢ group8 we run. Overall this has been a successfill ycar. FINANCIAL REVIEW Ineorne increased in the year to 31 March 2023 to £33,587 (2022- £41.020). This wL8 mainly du¢ to a reduction in donations in the year. Expenditur¢ also decreased to £34,786 in the ycar to 31 March 2023 (2022 - £36,718). This h&8 resultcd in a deficii for the year to 31 March 2023 of Ul.199). compar1 to a surplus of £4.302 in the year to 31 M#rch 2022. The Management Coznmittee are satisfied with th¢ OUtMe for the year.
Page 3 crry REACH YoifrH PROJECT REPORT OF THE MANAGEMENT COMMITTEE (corfflNUED) FOR THE YEAR ENDED 31 MARCH 2023 FtNANCIAL REVIEW {CONTtNUED) Principle Funding Sour¢e8 The fijnding sowces for the charity are cumtly by way of grant fijnding and donations. A5 a result of incregJing constraints on th¢ expcnditure of local authorities and youth club grant providers, the charity to 8eek funding from a much broadcr group of a8cncicJ. Investment Policy Aside from retaining a prudenl amount in reserveg each yew, most of the ehArity'g fiJnd3 are to be spent in thc short-ierni so there are few fimds for Long-knn iDveslm¢nL A r¢view of invesiment policies is planned early in the ncw financial ycar. Res¢rves Policy and Gvlng Concern Th¢ Managcmcni Commiticc has examined the charity's rquirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not ¢omrnitt¢d or invested in iangible fixed assets held by the charity should be six months of the expenditure. The Management Committee is of the view that th¢ charity is a going wnGcrn. PLANS FOR FUTURE PFRIODS The charity aims to continue ILS charilable activities in the further coming year in order to support young peoplc living in the inncT•city n¢ighknurbood of s0uthampn. STRucfuRE, GOVERIYAIYCE AIYD MAI¥AGEMLN'r CN(pY¢rning D(Jcument The charity is an unincorpr&ted trus¢ constituted on 24 November 2000, gov¢rn¢d by A wn3titution overseen by tru5tces and registcred as a charity number 1086532 on l O M8y 2001. The ohaTity W esrAbli9hod under a conStition, which cstablishcd thc objccts and w¢[S vf tbr rharity. The trustees of the ckwity are also known as members of the Management Committee. Under the requir¢m¢nl8 of the ConstitutÈon of the charity, the members of the Management Committee are ¢IKted to serve for a period of one year, aft which thcy musi be re<lected at the Annual General Meeting.
Page 4 CITY REACH YOUTH PROJEcr REPORT OF THE MANAGEMENT COMMirrEE (coiYrtNUED) FOR THK YEAR ENDED 31 MARCH 2023 STRUCTUR[ GOVERNANCE AIYD MANAGEMENT (cowrtNUFD) Trustee Induction and Training New trustees and volunteers are invited and encouraged to attend a s¢ri¢s of short training sessions to familiarise themselves with the charity and the context within which it operates. This takes the form of m¢¢tin85 with thc cxi5un8 wrees" an introdll0n w [c¢s. responsibilliles and charity law and covers: the obligations of Management Committ¢¢ members: th¢ main documents which set out the 0rational framework for the charity. including the Conslitution- rcs()urccs and thc Cuent financial position &$ sel out in the latest published Financial SÈui¢m¢nts' ture plans and objecuves: and hcalth and 3afcty, 3ccurity. risk managcmcnt and ¢nyirontncntal ISSUGS. Rlsk Management The Management Committee is conducting a VIeW of the major risks to which the charity is exposed. A risk register is to be established and is to be updated at leasl annually. Where appropriat¢, system5 or procedures are to be established to mitigate the risks the charity faces. Significant external risks will lead to the development of a strategic plan which will allow for the diversificalion of funding and activities. Internal control risks will be minimised by the implemenlation of proccdurcs for authorisation of all transactions and projccts. Th¢sc procedures are Fcriodically r¢viewcd to nsurc that thcy Contin to m¢d thc nccd5 of thc charity. Organlyatlonal Structure The Charity has a mana8ement committee who meet regularly and arc rcsponsible for the Strat¢gic direction and rK)licy of the charity. At presenL the committee h&8 five members. The Chaitperson is reswJn3ibl¢ for ¢n$uring that the charity delivcrs the scrvice5 specified and that key perforn]artce indicators are met. The Centre Co-ordinator employcd by the trustees ha5 dele8atcd respvnsibility for the day-to-day operation management of the Centre. individual supervision of the staff team and also ensurin8 that the team continue to develop their skills and working praclic¢s in line with good PTaclice. RFSPONSIRII,ITIF.S OF TIIV. TRIJSTF.F.S The trustees are res'punsible for preparing the Report uf the M<wagement Committee the Financkal Statements in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice).
Pydge S CITY REACH YOUTH PROJEcr REPORT OF THE MANAGEMENT commIEE (coiYriNUED) FOR THE YEAR E]¥DED 31 MARCH 2023 REqPONSIDILTfIES OF TIIE TRUSTEES (CONTINUED) The law applicable to charities in England and Wales requiKs the trustees to prepare Financial Statements for each financial year, which give a true 8nd fair view of the $e of the affairs of the charity and of its income and expenditur¢ for that year. In pr¢paTing th¢ Financial Stat¢m¢nts th¢ trustees are requiied to: s¢le¢t suiiablc accounting li¢jeS and apply them consistenily. obstrve thc melhods and pnnciples in the chIti¢$ SORP (FRS 102); make judgements and estimates thai arc teasonable and prudent; statc Whet applicable ¢Kcounting StanddS have been followe4 subject io any departures disc105ed and explained in the Financial Slalements. and prepare the financial qiaicrncnts on the going concern basis unless it is inappropriate to presume tiMI thc ihariiy will ioniinue in business. The trustees are responsibl¢ for maintaining proper COuntIng rerdS which disclose, with reasonabl¢ accuracy at any time. the financial position of the charity and to enable them to cnsure that th¢ Financtsal Stst¢m¢nts comply with th¢ Chariii¢s Act 2011, thc Charily (Accounts and Reporting) Regulations 2008 and the provisions of the trust dJ. The trustees are also responsible for safe8uarding the a55¢ts of the charity all henc¢, for taking rOnabl¢ st¢ps for th¢ pr¢vention and detection of fraud and other irregul8ritie& MEMBE OF THE MANAGEMEIYT COMMIThEL Mnb¢rS of the Managm¢nt Commillcc, who are truslccy for the pur5 of Chlty law, who scrved durin8 the year and up to the date of this reF ar¢ set out on page l. In accordance with chBrity law. &4 the charity's thtC8, WC ccrtify that.. yo far ths wc are aware. there is no relevant Inforntion of which th¢ charity'5 indcpcndcnt examiners are unaware: and as the trustees of the Charity. we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to ¢stablish that the charity's independent examiners gre aware of ihat infOrntiO INDEPEIYDENT ExAlNE18 Wc re-appoinied Abraham & DO77 &g the charity's indetndent cxamincrs during thc year and they have expressed their willin8ne5S to continue in that capacity. Approved by the tntee$ on 28 Mareh 2024 and slgned on Its beh8lf by: D PEARCE TRUSTEE A MCCARTHY TRUSTEE
llYDEPENDENf EXAMINER'S REPORT Page 6 TO THE TRUSTEES OF CITY REACH YoirrH PROJE FOR THE YEAR ENDED 31 MARCH 2023 I report to the trustees on my ¢xamination of the Accounts of City Reach Youth Proj¢ct (the Trust) for the year ended 31 March 2023. RESPONSIBILITIES AND BASIS OF REPORT As the charity trustees of the "I"rusL you ar¢ responsible for the preparation of the Accounts in aOrdanCe with thc rcquirements of th¢ Clwiti¢s Acl 2011 ('thc Acl.). I report in respect of my examination of thc Trust's Aceounts carried out und¢r s¢ciion 145 of the 2n11 Act and in carying out my examination I have followed all thc applicable Dircctions givcn by the Charity Commission under section 145(5)(b) of th¢ Act. INDEPENDEIYT EXAMINER'S STATEMENT I have completed my examination. l (xjnfm that no material matters have Come to my attention in connection with the examination giving me U$¢ to b¢li¢ve thal in any material respect: accounting records were not kepl in respect of th¢ Tn as required by 8ection 130 of the Act, or the Accounts do not accord with those rrds. or the Accounts do not comply with the applicable rquirements concorning the fonn and contcnt of Accounts set out in thc Chariries (Accounts aod R¢ports) Il¢gulation5 2008 oth¢r Ihan any Tequirements thal the Accounts give a tnjc and fair view which is ttot a ntter considered &$ part of an independ¢nt ¢xamination. I have no concerns and have comc acro&s no other matter8 in connection with the examination to which attention should b¢ drawn in this report in order to enable a proper understhnding of the Accounts to be reached. 28 March 2024 DAVID.1 MANT FCA CHARTF.RF.D ACCOItNTANT 230 Shlrley Road SouthAmpton 5015 3HR
Page 7 crry REACH YoirrH PROJEcr STATEMENT OF FINANCIAL AcfiviTIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Total Fundj unstriCted Total Fund8 FuDdJ IYote8 INCOME t)onations and legacies Charitsble activities 1,990 31,597 1.990 31,597 6,051 34,969 TOTAL TNCOME 33,587 33.587 41,020 EXPF.NDrruRE Charitable activities 34,786 34.786 36,718 TOTAL LXPENDI'fuRE 34.786 34,786 36,718 NET (FXPENDITURE)IINCOMEINET MOVEMENT IN FUNDS FOR THE YF.AR (1,199) (1,199) 4,302 RECONCII,IATION OF FUNDS Total funds brought forward 6,238 6.238 1,936 Total funds carri¢d forward £5,039 £5,039 £6,238 The 8tutement of Financial Activities includ¢3 all gain3 and los3 in th¢ ycar. All irkcomc and cxpcndilure derive from cA)ntinuing activities. The notej on pages 9 to 15 forni part of thes¢ Financial Statement
Page 8 CTfY REACH YOUTH PROJECT BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notes CURREKf ASSETS Debtors Cash at b]k and in hand 248 9,306 9,928 TOTAL CURRENT ASSETS 9,554 9,928 LIABILITIES Lreditors.. Amounts falling due vlithin one year 4,515 3.690 NET CURRENT ASSETsrroTAL ASSETS LESS CUIiRENT LIABILITIES 5,039 6,238 NET ASSETS £5,039 £6,238 THE FUNDS OF THF, CHARITY Unrestricted income funds 12 5,039 6,238 T()TAL CHAIUTY FUNDS £5.039 £6,238 Approved on 28 March 2024 by the trnstees and signed OD tbeir behAlf by: D PEARCE TRUSTEE A MeCARTHY TRUSTEE The notu on pages 9 to 15 forni part of th¢ Financial Statcments.
Page 9 CTTY REACH YoirrH PROJECT OTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Ch4rlty IDforniAtion City Reach Youth Project is a chan'ty established under a trust deed and registered with the Charity Couuni3sioL Thc ¢harity is a public InefIt entity. The prin¢ipal accounting policies adop*4 judg¢ment and k¢y Sourc of ¢stimation unccrtainty in the preparation of the Financial Ststemenis are ag follows: (a) BASIS of Preparation Th¢ Financial Stat¢tn¢nts havc bcen prepared in aCrdanc£ with Accounting and Reporting by Charities: Ststcmcnt of Recommended Practice appliLable to charities preparing their Financial Ststements in accordance with the Financial R¢porting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)). th¢ Financial Rcporting Standard appIlble in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Th¢ FinaoGial Slatcmcnts are prcparcd in sterling, which is thc funciional currency of the Charity. Monetary amounts are rounded to the Drest £. Ib) Ineome All incon]¢ is included in the StaQment of Trinancial Activilies when the charity is entitled to the income and the amount can be quantified with r¢&8onabl¢ accuracy. The following specific polices are applie{1 to particular categori¢s of income: DonatiOll5 and legacies are received by way of donalions and grants and are included in full in the Staiement of Financial Activities when receivable. Grants. where entitlement is not conditional on the delivery of a specific perforniance by Ihe charity. are recognised when the cl)arity becomes unconditionally entitled to the DonAted gerviees and facilitieg are included At the value to the Charity where this I quantified. The valuc of servi5 provideA by volunteets has noi been included in these Financial Statements. Income from charitable acttvities is accounted for when earned. Investment income is included if receivable.
CTfY REACH YoirrH PRoJEcr Page 10 NOTES TO THE FINANCIAL STATFMENrs (CONTINUED) FOR THE YFAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES (coiYfiNUED) (c) Expendlture Expenditure is recognised on an accrual b&8is as a liability is incurred. Expenditure includes VAT as the charity is not VAT r¢gist¢r and is rcported as part of the expenditur¢ to which it relates: Expenditure on charitable activiti La)mprises those ¢osts incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can allocaied directly such activities and those costs of an indirect nature nelessary to support them. bupport costs ar¢ allocated between the expendilure categories of the Ststement of Financial Activiti¢s on a basis d¢si8n¢d to r¢ll¢Gt the ot thc resourcc. Thcy are apportioned on an appropriate basis. Gov¢rnance costs in¢lud¢ thosc costs associated wilh m¢¢ting thc constilulional and statutory requiremcnts of the charity and include the Independent Examhner's fees and costs linked to the strategic management of the charity. (d) Debtorj Trade and other dcbtors ar¢ rccognis¢d at th¢ s¢ttl¢ment amount due. Prepayments aTe va]ued at the amount prId net of any trade discounts due. (e) Cagh at llank and itt Iland C,a8h dl btu]k and in hand includes cash and short Icrni highly liquid investments with a short malurity of three months or less from the dat¢ of acquisitxon or op¢ning of the deposit or simllar accounL (Q Credltors and ProvtsloD8 Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can measured or estimated reliably. Creditors and provisions are normally reColS¢d at thcir scttl¢m¢nt amount after allowing lor any trade discounts due. (g) Taxation The Lh8rily is exernpt from t8x on its elwitsble activitieg. (h) Donated Services Donated servic£s and facilities are includd at the value to the charity where this can be quanLified.
Page 11 CITY REACH YOUTII PROJE NOTLS TO THE FINANCIAL STATEMENrs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES {CONTINUED) (i) Fund Aeeountlng Unrestricted funds consist of the 8eneral purpoK fimd and d¢8ignat¢d funds and aTC available for ws¢ at the discretion of the trustees in furth¢rance of the general obj¢¢tives of the ¢harity. Restri¢t¢d fund8 are subje£ted to restrictions IMSed by donors or by th¢ purpose of the appeal. O) Flnanelal Inylrumen¢Y The chariiy only has financia] assets and financial liabilities of a kind thal qualify as b&sic rinancial instrurn¢nts. Basic fuwicial insLrum¢nts are inilially COgnised at transaction value and subsequently me&8urcd at their s¢ttl¢m¢nt value with the ex¢¢pti()n of bank loans which arc 5ubscquently measured at amortisl cost using th¢ Cffeciivc inter¢si method. (k) Slgnlficant Judgements and E8tlmYdtes Preparation of the Financial Ststements may require manAgem¢nl to make significant judgements and estimates. There ar¢ no items in the F'inancial 8tal¢ments where judgcments and estimates would have a significant effKt on amounts recognised in the Trinancial Statements. DONATIONS AND LEGACIES The following g¢n¢ral grants [11¥¢d during the y¢ar: 2023 Unrntricted Total Funds Funds 2022 Total Fundg Womble Bond Dickinson Sundry other donations 1,840 150 1,840 150 1,503 4,548 £1,990 £1,990 £6,051 In 2022 the income from donations and legacies received of £6.021 was unrestricted &q there were no restricted income funds.
Page 12 CTTY REACH YoufH PROJEcr NOTES TO THE FINANcL STATEMEN13 (coiYrtNUED) FOR THE YFAR ENDED 31 MARCH 2023 INCOME FROM CHARITABLE AcfiviTIES Th¢ following income w&8 generate4J during the y. 2023 Unrestrleted Total Funds Funds 2022 Total Funds Southampion City Council £31,597 £31,597 £34,969 In 2022 the incomc from charilable activitics of £34.969 was wtrIctj as the wcrc no rcstricted income funds. ANALYSIS OF EXPENDITURE ON CHARITABLE AcfiviTES 2023 Total Projects Funds 2022 Total Fund$ Centre Staff costs Premises ProjeLI costs sUprt Costs Govcmancc costs 24,129 7.596 24,129 7,596 1,452 784 825 21,114 7,399 6,932 581 692 1,452 784 825 £33,334 £1,452 £34,786 £36,718 Th¢ ¢xp¢nditurc on charitable activitics in 2023 and in 2022 were all unrestrict¢d.
Page 13 crry REACH YOUTH PROJEcr NOTES TO THE FINANCIAL STATEMENrs (c0NuED) FOR THE YEAR ENDED 31 MARCH 2023 ANALYSIS OF SUPPORT AND COVERNANCE COST6 The charity identifies th¢ costs of its suptM)rt functions. It then identifics those costs which relate t() th¢ govcrnancc function. Having idelltifid its governance costs, the remaining suppon cosL8 together with the governance costs are apportioned bctween the key charitable activities undertaken (see note 4) in the year. Refer to the table below for the basis for apportionmcnt and the analysis of support and gov¢rn8nce costs. CwenerAI Support Governance TotAI Bosis of Funds Apportionment Ocneral office costs Professional fees 784 784 825 Usagc Governance 825 £784 £825 £1,609 ANALYSIS OF STAFF COSTS AND TRUSTF.ES' REMUNFRATION AND EXPFNSES 2023 2022 Wages and salaries Employer's pension 23,682 447 21,039 75 £24,129 £21,114 The average wc¢kly numb¢r of ¢mployc¢s duting the year was: Tnee$ re¢eiv¢d no remuncration or expeDSCS during th¢ y¢ar (2022 - £nil).
Page 14 CITY REACH YOUTH PROJEcr NOTES TO THF FINANCIAL sfATEMENTS (coiYriNUED) FOR THE YLiR ENDED 31 MARCH 2023 TAXATION A5 a chlty. City RuLh Youth Project is exempt from tsx on incotne and gait)s falling within g.524 af the Tneome Taxeg Act 2007 and $.256 of the Taxation of Charg¢ablc CJains Act 1992. to the extent thai these ate appli¢d to its ¢hatiiabl¢ obJ¢cts. No Lqx charg¢5 havc ariscn in the Chariry. DF,BTORS 2023 2022 PTcpaym¢nts £248 CREDITORS: Amounts f*lliDg due wlthln one year 2023 2022 Accruals And other creditors £4,515 £3,690 10. FINANCIAL INSTRUMENTS Finfjncial instriiments measurcd at amortised cost ¢ompri8e the followg. 2023 2022 Financial liabilities that ar¢ debt instrumcnts £4,515 £3.690
crry REACH YoirrH PROJEcr Page IS NOTES TO THE FtNANCIAL sfATEMEiwrs (coNrINUED) FOR THE YEAR ENDED 31 MARCH 2023 11. ANALYSIS OF NET ASSETS BETWKEN FUNDS rund balanccs at 31 March 2023 are represented by: UDre5tricttd Total Funds Funds Current &8sets Current liabilities 9,554 4,515 9,928 3,690 Ass¢ts at 31 March 2023 £5.039 £6.238 There were no restricted funds. 12. ANALYSIS OF CHARITABLE FUNDS At Incoming ()ut%oin At 01.04.22 Resources Resources 31.03.23 Analyyig of Movements In Unrestrl¢ted Funds General funds 6.238 33,587 34,786 5,039 Total ljnrestrlcted Funds £6,238 £33,587 £34,786 £5.039 UnTrstricted Funds comprise those fiujds which trust¢¢s arc free to in accordancc with the haritable objects. Restricted Funds ar¢ fimds which have kn given for particular puryM)ses and projeL'ts. There wcre no rcstricted fijnds. 13. RELATED PARTY TRANSAC'fIoNS Th¢r¢ were no related party transartions arising in the year to 31 March 2023 (2022 - £nil).