OpenCharities

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

2023-08-31-accounts

COMPANY NUMBER: 04286804

CHARITY NUMBER: 1089811

CHOYSEZ

REPORT AND FINANCIAL STATEMENTS

2023

CHOYSEZ

Company No: 04286804

Charity No: 1089811

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

SMITHS ACCOUNTANTS & TAX ADVISERS

Chartered Accountants Alnwick Northumberland

CHOYSEZ

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

CONTENTS Page
Trustees’ Annual Report 1-7
Independent Examiner’s Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11-15
Pe ar a a
The following pages do notform part ofthe statutory accounts.
IncomeandExpenditureAccount 16

CHOYSEZ

TRUSTEES’ ANNUAL REPORT

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

The trustees, including the directors of the charitable company for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 August 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 (FRS102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

The principal activity of the charitable company is to promote the development, education and rehabilitation of young people from all sections of the community, in particular the disaffected, disadvantaged or socially excluded, to raise their aspirations and achievements and to enable them to realise their full potential as individuals and members of society. Our policies to achieve our objectives continue to be to develop, arrange, promote, support and fund projects and programmes for the personal and education development of young persons and to provide appropriate educational, welfare, social and leisure facilities, and to encourage research and offer advice. We refer to Charity Commission guidance on Public Benefit when reviewing our aims and objectives and ensure that future plans remain focused on their achievement. Funding limits our activities, but no beneficiaries appropriate to our aims are excluded. Equal access to our services is important to us, and we promote local understanding of our work.

When considering our overall objectives and planning our activities, the board of trustees is mindful of the Charity Commission’s guidance on public benefit, including the guidance “public benefit: running a charity (PB2)”.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and Appointment of Directors and Trustees

The directors and trustees seek to ensure that the users’ needs are reflected through the diversity of the Board. To enhance the potential pool of directors and trustees, selected individuals who may wish to become directors or trustees are approached as necessary. directors and trustees are re-appointed annually. All concerned give their time voluntarily and receive no benefit.

Director/Trustee Induction and Training

New directors/trustees are actively encouraged by the existing directors/trustees, having regard to any specialist skills required. New directors/trustees are briefed on their obligations under company/charity law, our Memorandum and Articles of Association, the committee and the decision-making process, future plans and recent performance. They are encouraged to attend appropriate training and made aware of Charity Commission publications. Feedback is encouraged.

Risk assessment

We have assessed (and reviewed regularly) the major risks to which we are exposed, in particular those related to our operations and finances, and we are satisfied that systems are in place to mitigate our exposure. No major risks have been identified. A key element in our management of financial risk is the setting and regular review of our reserves policy.

(1)

CHOYSEZ eo ae

TRUSTEES’ ANNUAL REPORT

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

RESERVES POLICY

Free reserves are those funds not tied up in fixed assets or designated/restricted funds. We forecast the level of reserves required to sustain operations, should income-generating activities be curtailed. Free reserves decreased from £49,660 to £37,590 during the year equating to approximately two months of expenditure. It is our view that it is prudent to ensure that there are sufficient free reserves to provide financial flexibility over the course of the forthcoming challenges. Our intention is to grow the level of free reserves to cover at least three months of running costs.

DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS

We ended the year 2022 knowing that following the uncertainty of previous years and financial losses impacted by Covid, that 2023 would be challenging. Our forecasts predicted there would be less volatility and that we could start to plan further ahead than previous years had allowed. I'm pleased to report that our financial forecasts proved to be correct, and this supported our development in what wasa fantastic year of achievements and growth for Choysez.

2023 was not without new challenges however, and the cost-of-living crisis that followed Covid saw double digit inflation for 8 of our 12 months, bringing a new set of financial Challenges. Three Prime Ministers in two months have only added to the volatility in conditions where prices for necessities spiralled not just for us, but for the young people we support, and the pressures placed on their families. The impact of this will be as far reaching as covid as both organisations and families try to adjust to rising costs out of their control.

The way we navigated ourselves through this challenging period is a measure of our track record and robust planning, but also of our commitment to ensure Choysez is here for those who need us most. It is also thanks to our trustees who help guide and navigate us through these periods with efficiency and a calmness, that supports our development and protects the welfare of the young people and staff. They ensure that Choysez continues to plan and develop, making important decisions that help to manage our resources effectively for the benefit of the charity. Their continued support and direction are very much appreciated.

We will rightly look upon the achievements in this annual report with pride but first we must talk about those who have made them all possible: our brilliant staff tearm and the young ladies who attend Choysez.

Our staff team is the envy of everyone who meets them, and the love and care they give daily is an inspiration to everyone. Their commitment and drive are shaping a positive future not just for the young women they support, but also for the long-term benefit of the project. This year saw geography GCSE classes take place outside of our normal working hours and the welcome return of previous students who needed extra support years after initially leaving the project. No matter how busy they are they never run out of time to listen, support, and care for our young women. They always put them first. We are so privileged to have them work here. They deserve recognition far greater than our report. To work alongside them and see at first hand the love they have for the project and young women who attend it, brings a sense of real pride and it is an honour to share this journey of achievement with them. They are the true spirit of Choysez and continue to drive our success and support. Thank you.

(2)

CHOYSEZ

TRUSTEES’ ANNUAL REPORT

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023 DEVELOPMENTS, ACTIVITIES AND ACHIEVEMENTS (continued)

The young women who attend Choysez face many challenges in their lives. They do so with grace and good humour. The way they respect and care for the staff team and embrace Choysez is amazing. Their voice is always listened to and they help shape the direction of Support and the future direction of the project. Their encouragement and commitment have helped them make lasting changes and their achievements have been the most successful ever. During this year we had our highest ever pass rate and highest ever grades in GCSE English and GCSE Maths. We introduced a new qualification in BTEC Health and Social Care, with students gaining credits and distinctions in their work. All our year 11 leavers moved forward into college or employment. Our range of qualifications increased to include GCSE English, maths, geography. Some students sat exams in BTEC Health and Social Care, whereas others completed Functional Skills qualifications. Many students also completed ASDAN Awards in a range of short courses. This shows the commitment of the students here, but also the benefit of having a highly skilled staff team who can support and teach to the highest standard. We commend them both.

Alongside record results and outcomes, we also followed through on positive changes and plans we outlined in last year’s accounts. We relaunched our new website www.choysez.org and will continue to develop this. We increased our Staff team to introduce an additional teacher and added to the qualifications we deliver by increasing the awarding bodies we work with. Further enhancements were made to our building following discussions with the young women ~ they were able to share their voice and give suggestions about how the building should look and feel, giving them a real say in how the project looks. We were able to carry out planned training in line with our staff development plan, including our Deputy Manager Laura who completed her NASENCO qualification at Sunderland University at a masters-level. This has given us a highly qualified SENCO, again further increasing the level of support we are able io deliver. The planned developments have further enhanced the quality of the project, and this can be seen by the results and achievements of the young women who attend Choysez and the pride we as a staff team have in the project.

Despite some tough years financially we have continued to develop, increase and improve the support we give. Our latest inspection report began with a quote from the inspector which stated, “l was impressed by every aspect of the project”. We could not do that without the support of some very special people whose commitment to Choysez over many years has never wavered. They have praised and encouraged our work and sought to support us at every opportunity, helping to secure long-lasting support in Northumberland over many years. Of course, we are talking about our fantastic funders who are true friends of the project. We can't thank you enough for the commitment you give to the project and the shared values you have with us. A special mention must also be made of the staff team at Community Foundation Tyne & Wear and Northumberland and the funders there who have supported and developed our project over many years. We are so proud of the connection they have to our charity, which started with our formation many years ago and for their continued support and encouragement. They are a real example of how funding partners and funders and charities can make a difference to the communities we serve and improve the outlook and prospects of those we support.

(3)

CHOYSEZ

TRUSTEES’ ANNUAL REPORT

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

Financial Review

Our assets continue to be adequate and available to fulfil our obligations, and to support the continuation of our activities

We would like to place on record our thanks to our funders for their invaluable support. During the year, we have been Supported by:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Funder|Funding| |received| |(es| |The Bernicia Foundation|10,000| |Community|Foundation|Tyne|&|Wear and Northumberland:|Cost of living|fund| |||10,000,| |Community Foundation|Tyne & Wear and Northumberland:|Northumberland|Village Homes trust|5,000| |Community|Foundation|Tyne & Wear and Northumberland:|Northumberland Group Fund|4,114| |Community|Foundation|Tyne & Wear and Northumberland:|Muckle Fund|___ 3,000.| |Community|Foundation|Tyne & Wear and Northumberland:|Women’s Fund|2,000| |tCommunity Foundation Tyne & Wear and Northumberland:|Star|Fund|1500||| |||Community Foundation|Tyne & Wear and Northumberland:|Barnes Fund|eae|

----- End of picture text -----

We would also like to thank Community Foundation Tyne & Wear and Northumberland: Carr Ellison Charitable Trust Fund for their annual donation which is very much appreciated.

Future Developments

Choysez is an asset that Northumberland can be proud of. One which has been in operation supporting the most vulnerable young people in Northumberland for over 20 years. This shows a long-standing track record of commitment to young people in our area. It also shows funders and referral agents that we are an organisation that can be trusted and relied upon - we are always transparent and open. Our accounts are published on the Charites Commission website, and we have been fully compliant with Companies House and Charity Commission deadlines for over 20 years, never being late once for a reporting requirement.

We are an organisation that has true values, and which can be trusted to deliver and continue to seek out improvements to the Support we give. As can be seen by our results we are a project that refuses to stand still, our fantastic staff team and young people wouldn't allow us to.

(4)

CHOYSEZ

TRUSTEES’ ANNUAL REPORT

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

Future Developments (continued)

That's why in this next year, we will seek to increase not only the number of students sitting exams but also the number achieving higher grades. We will seek to develop further support, reaching out to those who have left the project to see if we can continue to help them should they still need support. We will look to continue to improve facilities by bringing unused space into productive use improving classrooms, common areas and outside spaces within the project. We will continue to invest in staff training and facilities and drive the project forwards.

We are really proud to work for Choysez and of the achievements of our young people. With the dedicated staff team we have, alongside the support from the trustees, the commitment of our fantastic young people and the funders who continue to support us, we are really excited about what the future holds for Choysez.

This next year will be both exciting and progressive. This is what makes Choysez the place young people trust and believe in. A place where they are safe, and a place they can call their own. A project that can be relied upon.

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The charity trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which gave a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial Statements, the trustees are required to

:

The trustees are responsible for keeping proper accounting records that 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 Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

(5)

CHOYSEZ

TRUSTEES’ ANNUAL REPORT

FOR THE FINANCIAL YEAR ENDED 34 AUGUST 2023 REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name: Choysez
Charity number: 1089811
Company number: 04286804
Charitytrustees intheyear: GrahamShannon (Chair)
MargaretSewell (to 24.09.23)
Anthony Railton
Janet Fay
Zoe Maylam
Gillie Robson
Companydirectors in the year: Graham Shannon
Margaret Sewell (to 24.09.23)
Registered office: 2 Gooch Avenue
Barrington Industrial Estate
Bedlington
Northumberiand
NE22 7DQ
Independent examiners: Smiths Accountants&TaxAdvisers
Chartered Accountants
8 Linnet Court
Cawledge Business Park
Alnwick
Northumberland
NE66 2GD
Bankers: Bank ofScotland
The Mound
Edinburgh
EX1 1Y¥Z
Solicitors: EMG Solicitors Limited
Croft House
High Street
Gosforth
Newcastle upon Tyne
NE3
1NQ
(6)

CHOYSEZ

TRUSTEES’ ANNUAL REPORT

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

DECLARATIONS

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors.

G Shame”

22 May 2024

(7)

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF CHOYSEZ

| report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles ofthe Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

| 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.

| R Smith ACA

22 May 2024

Smiths Accountants & Tax Advisers Chartered Accountants 8 Linnet Court Cawledge Business Park Alnwick Northumberland NE66 2G

(8)

CHOYSEZ

STATEMENT OF FINANCIAL ACTIVITIES

(Including Summary Income and Expenditure Account)

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

Restricted Prior
Unrestricted Income Total Year
Note Funds Funds Funds Funds
£ £ e £
INCOME
Training courses & grants received 255,732 4114 259,846 209372
Coronavirus Job Retention Scheme - - - 20,272
TOTAL 255, (32 4114 259,846 229,644
EXPENDITURE
Expenditure on:
Operating Expenditure 277,866 4114 281,980 286,766
TOTAL 277 ,866 4,114 281,980 286,766
NET MOVEMENT IN FUNDS 4 (22,134) - (22,134) (57,122)
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FWD 162,793 - 162,793 219,915
TOTALFUNDSCARRIEDFWD 9 140,659 - 140,659 162,793

The notes on page 11 to 15 form part of the financial statements

(9)

CHOYSEZ

BALANCE SHEET AS AT 31 AUGUST 2023

Restricted Total Total
Unrestricted Income This Last
Note Funds Funds Year Year
FIXED ASSETS £ £ £ £
Tangible assets 6 103,069 + 103,069 113,133
CURRENT ASSETS
Cash at bank and in hand 39,198 - 39,198 25,506
Debtors& Prepayments vi 2,606 . 2,606 27,086
41,804 41,804 52502
CREDITORS: Amounts falling due
within one year 8 4,214 - 4,214 2,932
NET CURRENT ASSETS 37,590 . 37,590 49,660
TOTAL ASSETS LESS CURRENT LIABILITIES 140,659 - 140,659 162,793
FUNDS OF THE CHARITY
Restricted income funds - . - -
Unrestricted funds 140,659 - 140,659 162,793
TOTALFUNDS 9 140,659 - 140,659 162,793

The notes on pages 11 to 15 form part of the financial statements.

The Trustees are satisfied that for the year ended 31 August 2023 the charity was entitled to exemption under section 477 of the Companies Act 2006.

The Trustees also confirm that the Members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006

The Trustees acknowledge their responsibilities for:

These financial statements were approved by the Board of Trustees and authorised for issue on 22 May 2024 and are signed on its behalf by:

Trustee and director

(10)

CHOYSEZ

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

, Be ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, 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 2015)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charity’s needs. The trustees have considered a period of twelve months from the balance sheet date and consider no further disclosures relating to the charity’s ability to continue as a going concern need to be made.

Choysez meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value-unless otherwise stated in the relevant accounting policy note(s).

The financia! accounts are prepared in Sterling (£).

Significant estimates and judgements

The preparation of the financial statements requires the trustees to make judgements and estimates. The main areas where such judgements and estimates are made are in respect of recognition of income.

The company has applied the following accounting policies:

Financial reporting standard 102 — reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 ‘The Financial Reporting Standard applicable in the UK and republic of Ireland’.

=

Fund structure

All funds held are unrestricted income funds. Unrestricted funds comprise accumulated surpluses and deficits on general funds that are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company and that have been designated for other purposes.

(11)

CHOYSEZ

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

Investment income

Investment income is recognised on a receivable basis.

Income

All income is included in the Statement of Financial Activities when we are entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

----- Start of picture text -----
j
----- End of picture text -----

Grants

Revenue grants are credited to incoming resources on the earlier date of when they are received or wnen they are receivable, unless they relate to a specified future period, in which case they are deferred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal 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 and depreciation

All assets are capitalised, irrespective of their amount.

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:

Land & buildings - 20-year straight line. Plant & machinery = - 33.3% reducing balance. Motor vehicles - 25% reducing balance.

Taxation

The charitable company is a registered charity and as such is not liable to corporation tax.

(12)

CHOYSEZ

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

Investments

Investments are stated at cost in the accounts.

Debtors

Trade debtors are recognised at the settlements amount due after any trade dispute offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand included cash and short term highly liquid investments with short to mid-term maturity from the date of the deposit.

Creditors and provisions

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 party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Z

MEMBERS

The company is limited by guarantee, not having a share capital, and the liability of each member is limited to £1.

3 TAXATION

As a registered Charity, we have no liability to taxation.

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |2023|2022| |NET|MOVEMENT|IN|FUNDS|£| |This|is|stated|after|charging:| |Staff|cost|203,937|214,462| |Depreciation|of tangible|fixed|assets|12,264|11,946| |Directors|&|trustees’|remuneration|&|expenses|-|-| |Staff|costs|were:| |Wages|and|salaries|176,842|127,166| |Redundancy|payments|-|55,659| |Social|security|costs|18,162|16,727| |Pension|scheme|contributions|8,933|14,910| |203,937|214,462|

----- End of picture text -----

(13)

CHOYSEZ

:

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

EMPLOYEES

No employees received emoluments of over £60,000 per annum.

The average number of employees, calculated on the basis of full-time equivalents was 6 (2022 — 6).

Freehold
Property		 Plant &
Machinery		 Motor
— Vehicle		 Total
ce £ £ x
6. TANGIBLE FIXED ASSETS
Cost
At 1 September 2022 233,268 56,546 - 289,814
Additions - : 2,200 2,200
Disposals - - - -
At 31 August 2023 233,268 56,546 2,200 292,014
Depreciation
At
1 September2022		 120,701 55,980 - 176,681
Charge forthe year 11,663 189 412 12,264
Disposals - - - -
At 31 August 2023 132,364 56,169 412 188,945
Net book value
At 31 August 2023 100,904 S77 1,788 103,069
2023 2022
E £
a DEBTORS DUE WITHIN ONE YEAR
Trade Debtors - 15,360
Prepayments 2,607 11,726
2,607 27,086

(14)

CHOYSEZ

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

2023 2022
. £
8. CREDITORS DUE WITHIN ONE YEAR
Sundry creditors - -
Course fees & grants received in advance - -
Accrued charges 4,214 2,932
~4,214 2,032
As at As at
1 September 31 August
2022 Income ExpenditureTransfers 2023
£ £ 4 a 2
9. ANALYSIS OF FUNDS
Unrestricted Funds
General Funds 162,793 255,732 (277,866) - 140,659
Total unrestricted funds 162,793 255,732 (277,866) - 140,659
Restricted Funds
Northumberland Group Fund - 4,114 (4,114) - -
Totalrestrictedfunds - 4,114 (4,114) - -

Community Foundation Tyne & Wear and Northumberland: Northumberland Group Fund £4,114 restricted funds for tailored support costs to support young people back into employment or education. All funding defrayed in the year on staff costs, iPads and awards stationery.

10.

RELATED PARTY TRANSACTIONS

G Shannon, who is a Director of the Company and a Trustee of the Charity, is an associate solicitor at EMG Solicitors Limited, who are our Solicitors. No transactions between the parties took place during the year ended 31 August 2023. (2022: ENil).

J. Fay is a charity trustee and acts as our insurance broker, operating on normal commercial terms.

(15)

The following pages do not form part of the statutory accounts.

CHOYSEZ

INCOME AND EXPENDITURE ACCOUNT

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2023

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2023|2022| |£|£|£|a| |INCOME| |Training|courses|&|grants|received|259,846|209,372| |Coronavirus|Job|Retention|Scheme|-|20,272| |259,846|229,644|

----- End of picture text -----

DEDUCT: EXPENDITURE

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Staff|cost|203,937|214,462| |Recruitment|-|545| |Staff training|1,919|3,361| |Uniforms|2,013|-| |Activities|15,490|8,562| |Transport|7,913|6,170| |Staff|travel|512|97| |Repairs|and|renewals|9,002|19,157| |Telephone|charges|2,134|1,568| |Office|expenses|4,687|3,185| |Heating &|lighting|4,301|4,534| |Insurances|7,595|5,006| |Rent,|water &|waste|2,478|1,047| |Award|certificates|3,510|2,366| |Legal|&|professional|fees|2,960|2,747| |Bad|debts|written|off|-|525| |Accountancy|fees|1,265|1,488| |Depreciation|freehold|property|11,663|11,663| |Depreciation|motor|vehicles|412|-| |Depreciation|plant|&|equipment|189|283| |281,980|286,766| |NET SURPLUS|/|(DEFICIT)|FOR|THE YEAR|(22,134)|(57,122)|

----- End of picture text -----

(16)