CITY REACH YOUTH PROJECT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 REGISTERED CHARITY NUMBER: 1086532
CITY REACH YOUTH PROJECT FINANCIAL STATEMENTS FOR THE YEAR FNDED 31 MARCH 2024 CONTENTS Page Report of"Ihe Management Committee Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9- 15 FOR MANAC.EMF.NT PURPOSES ONLY: Detailed Income and Ixpenditure Account - 1.otal Unrestricled Funds 16
Page I CITY REACH YOUTH PROJF.CT REPORT OF THE MANAGEMENT COMMITTEE FOR THE YEAR ENDED 31 MARCH 2024 The Management Committee is pleased to present its annual report and unaudited Financial Statements ot" the charity tor the year ended 31 March 2024. The Financial Statements have been prepared in accordance with the aLc()unting policies set oul in note I to the Financial SiatementS Lind comply with the charity's trust deed, the Charities Act 2011 and Accountinby and Reporting by Charilies: Stalemenl of Recommended Practice applicable to charities preparing their Financial Statements in accordance with the Financial Reportingy Standard applicable in the UK and Republic ot. Ireland {FRS 102). REFERENCF. AND ADMINISTRATIVE INFORMATION Charity Name: City Reach Youth Project Registered Charity Number: 1086532 Principal Office: City Reach Youth Project clo Northam Community Centrc Kent Street N()rtham Southampton S014 5SP Bankers: Nat West Bank PIC 12 lligTrh Strcct Souihampion S014 2BF Trustees: The trustees/managJement committee who served during the ycar and since the vear end are as follows: D Eccleston K Grove A Mccarthy D Pearce Our Advisors: Independent Examiners: Abraham & Dobell 230 Shirley Road Southampion S015 3HR
Page 2 CITY REACH YOUTH PROJECT REPORT OF THF. MANAGF.MF.NT COMMITTEE (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AIMS AND OJECTIVES We are a youih project within Northam Community Centre in Central Southampton, providin&J open acLess youth seiiings t'or children aged 5-17. Through our youth 8eiiings we cover a lot of topics that cover young people. such as healthy living and lilcslylcs trom support for bullying) and mcntal and othcr hcalth issues and we celebr(Ile numer(ius cultural events also. We also support a large number ot"children with SEND nLLds. Public Benefit Statement All of our activilies are undertaken to further our charitable purposes tor the public bencfit. In shaping our objectives and planningi our activities. the Managjcment Committee has Lon8idered the Charit), C'ommission's gjuidance on public benetil including gjuidance 'Public Benetit: Runningy a Charity (E)E12)' ACHIF.VF.MF.IYT6i AIYD PF.RFORMANCF. 'rhis tinancial year we were very lucky io bc chosen by one ot. the Southampton l.ord Mayor's charities where the>, raised over £1 Ok. We took part in some ol"thL fund raising) events as well io not just raise money bul raise the prolile of City Reach as well. We were lucky as well that we received sizable donations from W()mble Bc)nd DiLkason and Canford schui)l. This muney has helped us wilh renls <ind wagyL.s gjoingy up. due io the cost ol. livingy. and i() buy equipment and pay tor stat"t" hours when we do a rebidL'lliial thai Canford sch()ol raise money tor. Wc havc takLn part in lots ot".joint activitic% from thc Northam Communit), Link. whL're we supported children gjetting) access io hoi meals, includingi iheir parenls. in our %ummcr progirams as well as lh¢ I.ink applied lor F4AF m(Iney iind WL did ihis a% a joinl venlure. Our numbLr5 01" young pL()ple still continuc to be vcry gpood and we have lots ot" young peoplc voluniccring as well as some parent helpers. FINANCIAL REVIEW Income increased in the year to 31 March 2024 to £48.206 (2023 - £33.587). This was mainly due to an incrcase in donations. Expenditure also increased io £36,857 in the year to 31 March 2024 (2023 - £34,786). This has resulted in a surplus t.or the year to 31 March 2024 of £1 1,349 (2023 - dcficit ot"£(1,199). The Management Committee are satistied with the outcome for the year.
CITY REACH YOUTH PROJF.CT REPORT OF THF. MANACEMENT COMMITTEE (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW (CONTINUED) Principle Fundin% Source5 Thc tundingi svurLL"s £or the Lharity are currcntly by way ot" grant t"unding and donations. As a resuli of incrca%ingi Lonstraints c)n the expenditure ot. local authoritiLS and youih club &Jrant providcrs, Ihe charity has to seck fundinLI t.rom a much broader giroup ot"agcncie%. Investment PolicTr' Aside t.rom relaining a prudent amount in reserves cach year. most of the charity's lunds arc to be spent in the short-tem so there are tew funds t.or lonby_ierni investment. A review ot. investment p()licies is planned early in the new tinancial ycar. Reserves Policy and (Join% Concern 'I'hL ManagJLmLni Ci)mmittcc has Lxamined the charity's requirl'mcnls li)r reserves in ligiht ()fihc main risks lo the org)anisalion. It has eslablishLd a p()licy whereby the unrestriLIL'd lunds not committed or invL'stLd in tanL>iblc tixed assets held by the charit). should bL six monihs of. the expcnditurL'. The Managpement C'ommittee is ()f the view that ihe charity is a gioing conccrn. PLANS FOR FUTURF. PF.RIOD4i Goingy lorward our girant we get for the main runnin&i costs t.rom SCC will be due to finish this year so WL. are currcnily lookings at gTretting) a largje gvrant thal could sec us throug)h tor a lew yL'ars. l()oking at CIN or the l.c)ttcrv giranls. We are also lociking¥ at 4maller g)ranls t() gFel thL' (iirls gproup t"undcd a&Jaiii as well. We will continue to work closcly with Northam Community Link, Canli)rd school alongp with our partncrs as well and promote the club. .STRUCTURF, C:()VERNANCE AND MANAG"EMENT Governing Document The charity is an uninLorporalLd trust constitutcd on 24 Noi'cmber 2000. giovcrncd by a constitulion overscLn by trustccs and registered as a charity number 1086532 on l O May 2001. The chariiy was establishcd under a constitution, whiLh established the objects and powers ot" the Lharity. Recruitment and Appointment of the Management Committee The truslees ot" the charity are also known as members ot. the Management Committee. Under the requirements of the Constitution of the charity, the members of the ManagFement Committee are elected to serve for a period of one year, atler which they must be re-electcd ai the Annual General Meeting.
Page 4 CITY REACH YOUTH PROJECT REPORT OF THE MANAGEMENT COMMITTEE (CONTINUED) FOR THE YF.AR ENDF.D 31 MARCH 2024 STRUCTIJRE, GOVF.RNANCE AND MANAGEMF.NT (CONTINUED) Tru%tee Induction and Training New Iruslees and volunteers are invited and encouraged to attend a series ot" short training sessions to t"amiliari8e ihemselves with the ch(Irity and the LonlLxl within which it operates. 'fhis takes the fomi ot" mcctingis with the cxisting trustees; an introduction to trustees, responsibilities and Lharit>' law and covers.. the obligiations ot. Managiement Committee members; Ihe main documents whiLh sei out the operational framework for the charity, inLluding the Constitution, resources and the current financial position as sei out in the laiest published Financial StatLmL'nts; t"uture plans and objectives; and healih and sality, security, risk managyement and environmental issues. Risk Management The Manag¥emeni c.ommittee is conducting a review ot. the major risks to which the charity is exposL'd. A risk reglisier is t() be eslablished and is to bc updatcd at least annually. Where appropriate. systcms or procedures are to be established to milibiate the risks the charity faLes. Sigpniticant external risk8 will Icad to the development ot" a strate&yiL pl<in which will allow t.or the diver%ilicatii)n of fundingl and activities. Inlernal c()nir()I ri%ks will be minimised by the implcmLntiilion ot. proccdurLs ti)r authorisation ot" all transactions and projects. These procedures are periodically reviewed to ensurL ihal they continue to m¢LI the needs ol" the charity. Organisxtionxl Structure ThL LliarilS' has a manag7Lin¢nt committee who mcet reLyularly and are responsible for the strategic direction and policy ot" the charity. At preseni, the committee has live members. The Chairperson is responsible for ensuring) that thc charity delivers the services specitied and that key perfomiance indicators are met. The Centre Co-ordinator employed by ihe trustees hils dL'lcgiated responsibility tor the day-to-day operation mana&Fement ot" the Centre; individual supervisi()n ofi. the staff team and also ensuring that the team continue lo develop their skills and working praclices in line with g)ood praclice. RESPONSIBILITIES OF THF. TRUSTEES The trustees are responsible for preparing the Report of the Management Committee and the Financial Statements in accordance with applicable law and United King,dom Accounting Standards (UnilLd Kingjdom Generall), Accepted Accounting Practice).
PAg¢ 5 CITY REACH YOUTH PROJEcr REPORT OF THE mANAGEMEr cOMMIEE {cowriNUED) FOR THE YEAR ENDED 31 MARCH 2024 RESPONSIBILITIES OF THE TRUSTEES (CONfiNUED) The law applicable to charities in England and we$ requires the trustees to prepare Financial Statements for each fllwicia] year, which give a true and fair view of the stste of the affairs of the charity and of its income and expenditure for that year. In preparing th¢ Financial Statements the tntstees are r¢quired to: select suitsble accounting policies and apply them consistently. observe the methods and principles in the Charities SORP (FRS 102); make judgements and estimates that are reasonable and prudent. state whether applicable accounting stsndards have been followe4 subject to any departures disclosed and explained in the Financial Statements; and prepare the fiThancl statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for maintaining proper accountin8 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 Reporting) Regulations 2008 and the provisions of the trust deed. The trust¢es are also responsible for safeguarding the assets of the charity an4 hence, for tskkng reasonable steps for the prevention and detection of fraud and other irregularities. MEMBERS OF THE MANAGEMENT COMMITTEE Members of the Management Committee, who are tnteeS for the purposes ofcharity law, who served durin8 the year and up to the dats of this report are set out on page l. In accordance wlth charity law, as the charity's trustees, we certify that: so far as we are aware, there is no relevant infornjation of which the charity's independent examiners are unaware: and &s the trustees of the charity, we have taken all the steps that we ought to havc taken in order to make ourselves aware of any relevant inforniation and to establish that the charity's independent examiners are aware of that infonrAation. INDEPENDENT EXAMINERS We re-appointed Abraham & Dobell as the charity's independent examiners during the year and they have expressed their willingness to continue in that capacity. Apprnv¢d by the trustees on 31 Mareh 2025 and signed on Its behalf by: CE STEE A MCCARTHY TRUSTEE
Pa%e 6 INDEPENDF.NT EXAMINER'S REPORT TO THE TRUSTEES OF CITY REACH YOUTH PROJECT FOR THE YEAR ENDF.D 31 MARCH 2024 I report to the truslees on my examinalion of the Accounts of City Reach Youth Project {the Trust) for the year ended 31 March 2024. RF..tiPONSIBILITIF.S AND BASIS OF RFPORT As the charity trustees ot" the Trust. you are responsible t.or ihe preparation ot" the Accounts in aLLordance with the requirements ot'the Charities Act 2011 ('the Act,). I report in respect of my examinaiion ()t" the Trusl's ALLc)uni.% carriLd out under seLtic)n 145 of the 201 l Act and in Larrvingi vul my Lxamination I have t"ollowed all the appliLable DireLtions giiven by the Charity Ci)mmission under seLtion 145(5}(b) of thL' Acl. INDEPENDENT EXAMINER'S STATF.MF.NT I have completed my examinalion. I conlirm that no malcrial mattcrs have come to my attention in connection with the examination &Fivin&p me Lause lo believe that. in any material respL'Lt: accountingF record5 were nui kepi in rcspect of the Trust as required by seLtion 130 of. the Act: or the Accounts do not accord with those records: or the A¢Lounts do not comply with the appliLablc requirements concernin&v the fom and content ot. ALLounts set out in thL Chdrilies (Accounts and Reports) Rcgyulaiions 2008 oiher than any requirements that the Accounts g7ive a true and fair view which is not a matter considered as part ot-an independent examinati()n. I have no concerns and have come acr055 n() other matters in connection with ihe examinatic)n tL) which attention should be drawn in this report in order to enable a proper undcrslandingj of the Accounts to be reached. 31 March 2025 DAVID J MANT FCA CHARTF.RF.D ACCOUNTANT 2.10 Shirlev Road Southampton S015 3HR
Page 7 CITY REACH YOUTH PROJECT STATEMFNT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Unrestricted Total Funds 202.1 Total Funds Notes INCOME Donations and legjacies Charitable activities 20.717 27.489 20.717 27.489 1.990 31.597 TOTAL INCOMF 48.206 48.206 33.587 EXPENDITURE Cliariiable activities 36.857 36.857 34.786 TI)TAL EXPFNDITURF 36.857 36.857 34.786 IYF.T INCOMF.I{F.XPENDITURE) INF.T MOVF.MENT IN FUNDS FOR THE YEAR 11,349 11,349 {1,199) RF.CONCILIATION OF FUND( Total t.unds broughi t"orward 5,039 5.039 6.238 Tolal funds carried forward £16.388 £16,388 £5.039 The Statement ot. Financial Activilies includes all gains and losses in the year. All inLome and expenditure derive t.rom continuing aLtivilies. The notes on pages 9 to 15 form part of these Financial Statements.
PAge 8 CITY REACH YOUTH PROJECT BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Not CURRENT ASSETS Debtors Cash at bank and in hand 268 21,649 248 9.306 TOTAL CURRENT ASSETS 21.917 9,554 LIABILITIES Creditors: Amounts fallin8 due within one year 5,529 4,515 NET CURRE] ASSETSllOTAL ASSETS LESS CURRENT LIABILITIES 16,388 5,039 NET ASSETS £16.388 £5,039 THE FUNDS OF THE CHARITY Unrestricted income funds 12 16,388 5,039 TOTAL CHAIUTY FUNDS £16.388 £5,039 Approved on 31 March 2025 by the trustees ind i18ned on thelr behalf by: CE TRUSTEE A MCCARTHY TRUSTEE The not¢s on pages 9 to 15 form part of the8e Financial Ststemellts.
Page 9 CITY REACH YOUTH PROJECT NOTE.S TO THE FINANCIAL STATEMENTS FOR THE YEAR EINDED 31 MARCH 2024 ACCOUNTING POLICIES Charitv Inforniation City R¢iiLh Yi)uth I'roject is a charity established under a trust dc¢d and regjistered with the Charity Commission. The charity is a public benetit entity. The prinLipal accounting policies adopted. judgiement and key sourLe5 01.eslimatiiin unLLflainty in thc preparation of the Financial Statcincnts are as follows: (a) Ba%1¥ of Preparation The finanLial Siatemenls have been prepared in accordancc with Accounting) and Reporting by Charilies.. Stalemenl ol" Recommended Practice appliLablL ti) LhariliL prLparingy their F inancial StalL'mL'nls in aLLI)rd(InLL' with ihL" I'"inanLial Reporting) %taiidard appliLablc in the IJK and Rcpublic ol" Ireland (FRS 102) (C'harities S()111) (F RS 102)). thc F inancial Rep()rting Standard appliLablL in ihc IJK and Republic of. Ireland (F"RS 102) and the Charities Act 2011. The Financial Statements are prepared in sterling, which is the t"unLtic)nal currency ot.the chariiv. Monetary amc)unts are rc)undLd to thL nearesl £. (b) Income All income is included in the Statement of Financial Activities when the charit), is eniitlLd to the inL()me and thL' amount Lan be quanlilied with re<isolliiblc aLouraLy. The li)Ilowin spccitic polices arc applicd io particular catLgFories ot. income: Donations and legyaLies are reLeived by way of donations and grants and are included in t.ull in the Staiemeni ol. Financial Activities when receivable. Grants. where entitlcment is nol conditional on the delivery of a specific pL'rl()mian¢e by the charity. are recogynised when the charity beLomes unconditionally entitled to thc l)onaied services and t"acilitics are included at the value to the charity whcrc this can be quantitied. The value ot. service5 provided by volunteers has not been included in these Financial Statements. Income t'rom charilable activilies is accounted for when etirned. Investment income is inLluded if reccivablL.
Page 10 CITY REACH YOUTH PROJECT NOTES TO THF, FI]YA]YCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIF.S {CONTINUF.D) (c) Expenditure F.xpLndilurL' is recognised on an accrual basis as a liability is incurred. F.xpenditure includes VAT as the charity is noi VAT rcgiistercd and is reported as part ol. Ihe expLndiiure to which il relates: Expenditure on charitable activities comprises ihose costs inLurred by the charity in the delivery of its activilies and services for its beneticiaries. It inLludLS b()th costs thal can be allocaied direLily to such activities and those costs ot. an indirect nature neLessary to support them. Supp()rt costs are allocated between the expcnditurL' catLbFories of the Statcment ot" inanLial Activilics on a basis desig7ned to retlect the use ol" thL rcsourcc. 'I"hey are apportioned on an appropriiatc basis. (i()vernanLe Losts inLlude those costs associated with meetingy ihe Lc)nstituli()nal and statutory requirLmenls ol" IhL Lhariiy and include ihc IndcpL'ndeni E.'xaminer's li'c, [d Losts linked in ihe strate&)ic managFement ot.the charily, (d) Debtor5 'l-rade and other debtors are recog7nised at the Settlement amount due. l)rLpavments are valued at the amount prepaid net ot. any irade disLounts duL. (e) Cash at Bunk and in Hand Cash at b(k and in hand includes cash and shon terni hi&yhly liquid investments with a short malurity ot. Ihree monihs or less Ironi thL dalc ()1" aLqUiSition or opcnin&i ot" thL deposit or similar aLL()unt. (D Creditor5 and Provisions Creditors and provisions are recoginised where the chariiy has a pr¢sent oblig)ation resulting from a past event that will probably result in the transfer ot'tunds to a third parly and the amount duL to settle the oblibFation can be measured or estimated reliably. Creditors and provisions are nornially recoL)niscd at their settlement amount after allowin¥ for any tradL discounts due. (g) Taxation "rhe Lharity is exempt from tax on its charitable activities. (h) Donated Services Donaied services and facilities are included at the value to the charity where this can be quantified.
Page 11 CITY REACH YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTIIYUED) FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTINC. POLICIES (CONTINUFD) (i) Fund Accounting Unrestricled lunds consist ot. Ihe general purpose fund and desigynated tunds and arc available for use at thL disLretion of. the trustees in t"urtherancc of. the gFL'ncral abjeclives of thc charity. Restricted tunds are subjcLlcd to restrictions imposed by donors or by the purposL ot-IhL appeal. (i) Financial Instruments 'I'hL' Lharilv ()nly has l inancial assets and tinancial liabil ities ot'a kind that quality as basic tinancial insiruments. tjasic tin(InLial in%trumL'nt% arc initiallv rec()gFnised al IransaLti()n VdluL and subSLqUL'ntly mLasurcd at their seitlemLnt valuL with the excLPtion ot. bcink loans whi¢h are subsequently mLasurL'd al amortised cost using ihe el'liLtivc intLrL%l Inethod. (k) Significant Judgcments and Estimates PrL'paration ot" the FinanLial Slalements may require managyemeni tc) makc sigTrnificant judgFcmcnts and eslim¢ites. There are no items in ihL financial StatemLnts whcr judgJcment% and eslimates would have a sigynitlLanl et.tecl on amounls reLogJni8ed in the FindnLial Statemenls. DONATIONS AND LEGACIES The tollowing general &Frants were reLeived duringF the year: 2024 Unrestricted Total Funds Funds 2023 Total Funds Womble Bond Dickinson Sundrv other donalions Canlord School Mayor ot" Southiimpion 5.590 5,590 1.840 150 4.668 10.459 4.668 10.459 £20,717 £20.717 £1.990 In 2023 the income from donations and legacies received ot- £1,990 was unrestricted as there w¢re no restricted incomL t"unds.
Page 12 CITY RFACH YOIJTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENI)F.D 31 MARCH 2024 INCOME FROM CHARITABLE ACTIVITIES The tollowing income was generated during the year: 2024 2023 Total Funds Unrestricted Total Funds Funds Southampton C'ity Council Aitivilies 27.249 240 27.249 240 31.597 £27,489 £27.489 £_11.597 In 2023 the income t.rom charitable activities ot. £31.597 was unrestriLted as iherc wcre no reslricted inLome t-und%. ANALYSIS OF F.XPFNDITURE ON CHARITAIILF. ACTIVITES 2024 Total Project*i Funds 202.3 Total Funds Centre Stat'f" costs l)remises Pr()jcct o()st.s Supp()n costs GovcrnanLe costs 27.530 6.604 27.530 6.604 1.432 491 800 24.129 7.596 1.452 784 825 1,432 491 800 £35.425 £1,432 £36.857 £34,786 The expenditure on charitable activities in 2024 and in 2023 were all unreslricted.
Pa%e 11 CITY REACH YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS) OF SUPPORT AND GOVERNANCE COSTS The charity identifies the costs of" its support funLlic)n.4. It ihen idenlities those costs which relalL lo ihe gFovernance funclii)n. I laving? identiti¢d il% governance cosls. thc remainingJ support cosls togTrether wilh the governance costs are apportioned bclwcLn the key charitable aLtivitiLs undertaken (sec n(Ilc 4) in the year. Reter to the table below t-or the basis for apporti()nmeni and the analysis ot. support and governance costs. General Support Governance Total Funds Basis of Apportionment Cjeneral ()t"liLe costs Prot'essional tees 491 491 800 lJ8agJe tiovernancc 800 £491 £800 £1.291 ANAI,Y(>lfi OF STAFF COST,S AND TRUSTEES, RF.MUIYF.RATION AND EXPENSES 2024 2023 Wagjes and salaries Empliiycr's pension 23.682 447 158 £27.530 £24.129 The averagye wcckly number ot" employees duringl the year was: Trustees received no remuneration or expenses during the year (2023 - £nil).
Page 14 CITY REACH YOUTH PROJECT NOTES TO THF. FINANCIAL STATEMENTS (CoNT[UED) FOR THE YEAR ENDED 31 MARCH 21124 TAXATION As a charitv. City Reach Youth Pr()ject is exempt from tax on income and L)ains falling wiihin s.5?4 ot" the Income 'l"axes ALt 2007 and s.256 ot" the Taxation ot. Chargeable (iains ALI 1992. to ihe extent that these are applied to its charitable objeLts. No tax Lhargcs have arisen in the charit>. DEBTORS) 2024 202.1 Prepayments £268 £248 CREDITORS: Amounts falling due within one year 2024 2023 Accruals and other creditorg £5.529 £4.515 10. FINANCIAL INSTRUMENTS Financial instruments measured at amortised cost comprise the t'ollowing: 2024 21123 Financial liabilities that are debt instruments £5,529 £4,515
Page 15 CITY REACH YOUTH PROJECT NOTES TO THE FINANCIAL STATEMF.NTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 21124 I I. ANALYSIS OF NET ASSETS BF.TWF.F.N FUNDS Fund balances at 31 March 2024 are represented by: Unrestricted Total Funds Funds Current assets CurrLni liabilities 21.917 5,529 21.917 5.529 Nei Assets at 31 March 2024 £16.388 £16.388 Thcre were no restrictcd t"unds. 12. ANALYSl6i OF CHARITABLF. FUNDS At Incomin% Outgoing At 01.04.23 Resources Resources 31.I13.24 Analv8is of Movement.% in Unrestricted Funds G¢n¢ral tunds 5.039 48.206 36.857 16.388 Total Unrestricted Funds £5.039 £48.206 £36.857 £16.388 Unrestricted Funds comprise those funds which trustees are free to use in accordanLe with thL charitablc objccls. Restricted Funds are t.unds which have been given for particular purposes and projects. Therc were no restricted funds. 13. RELATED PARTY TRANSACTIONS There were no related party transactions arising in ihe year to 31 March 2024 (2023 £nil).
CITY REACH YOUTH PROJECT Page 16 DF.TAILFD INCOME AND EXPENDITURE ACCOUNT TOTAL UNRESTRICTED FUNDS FOR THE YEAR ENDED 3J MARCH 2024 2024 2023 INCOMF Southampion Cit), C()uncil Wi)mble Ilc)nd Dickiiison Cant"L)rd SLhool Mayor ot" Southampton Activities 27,249 5.590 4.668 10.459 240 1,840 15() 48.206 33.587 F.XI)F.NI)ITIJRF. l)rojLLI costs 1,432 1,452 F.%tabli.%hment Cost8 Rcni and rat¢S Insurance Repairs and renewals 5,200 1,052 352 6.500 1.096 6.604 7.596 Administrative Expenses Salarics and pcnsic)ns oi'rice costs and computer Postage, printing and stationery Accountancy and payroll tees Travel CleaningJ and 4undries Trainin&J and DBS Bank Lharg7es 27,530 64 41 800 306 44 24.129 100 19 825 229 81 355 36 ?8,821 25,738 36,857 34.786 SURPLUSI(DEFICIT) FOR THE YEAR £11.349 £(1,199)