CHOYSEZ (A company limited by guarantee) REPORT AND FINANCIAL STATEMENTS For the year ended 31 August 2024 Charity number 1089811 Company number 04286804
CHOYSEZ IA ¢ompany limited by guarantee) TRUSTEES ANNUAL REPORT For the year ended 31 Augus12024 The trustees are pleased lo present their annual directors. report together wilh the financial statements of the charily for the year ended 31 August 2024 which are also prepared to meet the requirements for a direclors. report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011. the Companies Act 2006, the Memorandum and Articles of Association, and 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} leffective 1 January 20151 Obje¢tlves and activities The principal activity of the charitable company is to promote the development, education and rehabilitation of young people from all sections of Ihe community, in particular the disaffected, disadvantaged or socially excluded, to raise their aspiralions and achievements and lo enable them lo realise their full potential as individuals and members of wiety- Our policies lo achieve our objectives continue to be lo 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 lo Charity Commission guidance on Public Benefit when reviewng our aims and objectives and ensure that future plans remain focused on their achievemenl. Funding limits our activities, but no beneficiaries appropriate to our aims are excluded. Equal access to Ouf services is important to us, and we promote local understanding of our work. When considering our overall objectives and plannirng our activities. the board of trustees is mindful of the Charity Commission's guidance on public benefit, including the guidance "public benefit.. running a ¢harity IPB2)'. Achlevements and performance We started the 2023-2024 financial year confident that the tough financial conditions in the years following COVID-19 were starting lo improve in line with our forecasis and that we were predicting a small surplus for the financial year 2023-2024. We knew this would still be a challenging year and one where the cosl-of-living crisis hil all areas of expenditure, and especially the families of the young women we supporl. It was also a year full of optimism, one where we could start to lay down longer term plans for our future. Our financial forecasts were shown to be correct. as was our hope that 2023-2024 would be an exciting and amazing year of developments and achievements for us. To ensure Choysez is here to support Ihe needs of those who need us most takes a commitment from everyone involved in the project.11 requires a clear focus on what we need to achieve including planning, our drive and a calmness to see the larger picture over the shorter term view that our long track record affords us. We are supported in doing this by our excellent trustees who help guide us with an efficiency and a calmness that supports our development and protecls the welfare of the young people and staff. They ensure Ihal Choysez continues to plan and develop, making important decisions that help lo manage our resources effectively for Ihe benefit of the charily. Their continued
CHOYSEZ IA company limited by guarantee) TRUSTEES ANNUAL REPORT For the year ended 31 August 2L124 support, scrutiny and direction are very much appreciated. and their enmmilmenl and care for the project is clear for all lo see. We are always proud of the achievements of the project and for what il means lo so many people. It means the world lo all of us who work here. At Choysez we are so blessed lo have the best staff tearn anyone could imagine. The care, dedication and stability they provide lo some of the most vulnerable young women in the region is an inspiration to everyone who visits. work in or attends the project. Their ability lo respond lo the needs of the young women who need our support and lo give their time, care and commitment is whal drives the project fotwards, always seeking lo push the boundaries of what we can do next and do better. Givin9 up lime freely to listen makes such a difference and the caring ethos of the project is a joy to see on a daily basis. Parents, young women, referral agents, visitors and inspectors all say the same thing - you can feel the atmosphere and ethos as soon as you enler the building. We are so lucky to have Ouf staff team. our work family working here. They are not only instrumental in everything that is achieved but are the inspiration behind the wellbeing of the project. Il's very moving to see what they do and what they give daily and il is an honour lo work alongside them. The future of Choysez and the care for young women who need our support is safe in their hands. Thank you. The young women who attend Choysez have often faced many challenges in their lives and had to face their future having experienced many adverse childhood expertences. To see the care, support and respect they give the staff at Choysez is something that is very precious to all of us. Their support in what we are trying lo achieve wilh them is very special and very much appreciated. This long- standing commilmenl to the project could be seen this year with the return of previous pupils who left the project over the last Iwo years returning for educational. emotional and employment SLtpport. This shows the respect and care the young women have for Choysez,. they know this is a magical space where they feel safe. and a place they know is always here for them. In 2024 we had more young women take GCSE exams Ihan in any previous years and the participation and results of this were great to see. Young women pemanenlly excluded from school, some who had not been in education for over a year. sitting GCSE exams alongside their peers in mainstream school with outcomes ranging right up lo Grade 5. In addition, they also succeeded in passing their BTEC Health and Social Care, with students gaining rnerils and distin¢lions in their work. All our Year 11 leavers moved forward into college or employment. Our range of qualifications increased lo include ASDAN Awards in a range of short courses. This shows the commitment of the students here, bul also the benefit of having a highly skilled staff team who can support and teach to the highest standard. Our quality inspection report praised both the leaching standards and the behaviour and participation of our students. we are very proud to receive such recognition of our joint achievements. In addition, we continued lo invest in our staff team and have improved and upgraded our existing classroom resources. Changes lo the building were made following discussions with our young women they were able to share Iheir voice and give suggeslK)ns about how the building should look and feel, giving them a real say in how the project looks. This included the creation of a new outdoor space and sealing area to provide another area lo be enjoyed. bul also an additional quiet space when needed or somewhere quiet lo be listened to. We were able to carry out planned trainin9 in line with our staff development plan helping to support our work.
CHOYSEZ IA wmpany limited by guarantee) TRUSTEES ANNUAL REPORT For the year ended 31 Au9USt 2L124 Financially, it was a year where we were able to report a small surplus which was in line with our forecasts over the last couple of years. Despite some tough years financially we have continued lo develop, increase and improve the support we give. Our friends and funders have supported us and believed in us for many years, and il is always a pleasure showng them around the project so that they can see first-hand the difference their support makes. Without their support and belief Choysez would not be able to do everything we do. and this longslanding commitment means everything to us in supporting our community. A special mention must also be made of the staff team at Communlty Foundation Tyne & Wear and Northumberland and our regular funders there who have supported and developed our project over many years. We are so proud of the connection they have to our charity. They are a real example of how funding partners and charities can make a difference lo the communities we serve and improve the oullook and prospects of those we support, changing lives for the beller. Withoul our funding partners who support and encourage us al every opportunity, we would not be here providing this vital support. Thank you. FINANCIAL REVIEW The total income for the peri(Id was £351.769 {2024= £259.846). This income is allocaleLI across respective funds on the Statement of Financial Aclivilies in accordance with the Statement of Recommended Practice. The Statement of Financial Activities for the period ended 31 August 2024 shows a net surplus across all funds of £15,59612024: _£22,1341. The Balance Sheet at 31 August 2024 shows tolal funds carried forward of £156,255 {2024'. £140,659) of which there are £0 reslricled funds {2024= £0). Reserves olic Choysez has maintained a level of free reserves {reseNes not invested in tangible fixed assets) over the years, currently £60,562 to meet the working capital requirernenls of the charity in the event of a significant drop in funding. 11 has established a policy whereby the unrestricted fLAnds held by the charity should be between 3 and 6 months of annual expenditule. At 31 August 2024 reserves are al 2 months of expenditure. PLANS FOR FUTURE PERIODS Choysez is an asset thal Northumberland can be proud of. Supporting the most vulnerable young people in Northumberland for over 20 years. We have a long-standing track record of commilmenl lo young people in our area. We show funders and referral agents that we are an organisalion that can be trusted and relied upon. We are an organisalion Ihal has true valsjes. We can be trusted lo deliver and continue to seek out improvements to the support we give. OUT results show we are project that refuses to sland still. The young women we support deSee nothing less. That's why in the year 2024-2025 we look fomiard to further new developments. We will seek to increase our s18ff team which will allow us to expand our curriculum by introducing a new BTEC qualification in Child Development which will be introduced in September 2024. It will provide our SENCO with more time lo engage in SEND provision and inlervenlions lo support our sludenls even further. We will also build space into OUT day lo allow slaff to provide the emolional and safeguarding support that is key
CHOYSEZ IA company limited by guaianleel TRUSTEES ANNUAL REPORT For the year ended 31 Augus12024 to what we do. We will build on previous work wlh young women who left the project in earlier years to provide additional support and guidance - helping them back into work, training or education. In addition, 2024-2025 will enable us to introduce new individualised areas ofstudy for those who wish to enhance their career prospects with study plans and new qualifications which support their goals and aspirations. We will continue to invest in project resources. and 2024-2025 will see the washroom area completed which will allow young women who need lo do so lo bring their own clothes in and wash them while they are at Choysez. Our food bank area will be expanded and we will also have a clothes bank on sile where our young women can freely choose items of clothes they need. Facilities will continue to be improved. bringing unused space back into more productive use improving classrooms, common areas and outside spa5 Within the project. We will continue lo invest in staff training and facilities lo drive the project forwards. Choysez is here for young women who need our support. We nèver forget this and that is why we continue lo develop our staff. resources and project lo ensure that we can meel their ever-changing needs. The young women who come lo Choysez tell us they feel the care and support given by everyone here and that is why we will continue lo give everything we can, lo gtve them the care and support they desejve. We are so proud lo work for Choysez and of the achievements of our young women. Our fantastic staff team alongside the support from our Iruslees. the cornmilmenl of our fantastic young people, and our fvnders will make 2024-2025 a year lo remember - one which is exciting and progressive. This is what makes Choysez the place our young women Irust and believe in. A place where they are safe and somewhere they can call Iheir own. A project that can be relied upon. PUBLIC BENEFIT STATEMENT The Trustees have referred lo the Charity Commission's guidan on public benefit when reviewing the charity's objectives and planning ils fulure aclivilies. This annual report will aim lo demonstrate the link belween our charitable activity and how Ihis benefits our service users.
CHOYSEZ IA company limited by 9uaranlee} TRUSTEES ANNUAL REPORT For the year ended 31 August 2024 REFERENCE AND ADMINISTRATIVE DETAILS Charity Name CHOYSEZ Registered Charity Number 1089811 Company Number 042868(M Registered Office 2 Gooch Avenue and operational Barrington Industrial Estate address Bedlinglon Northumberland NE22 7DQ Trustees Graham Shannon Anthony Railton Janel Fay Zoe Maylam Gillie Robson Chair Bankers Bank of Scotland The Mound Edinburgh EX1 1YZ Independent Examiner Michelle Wrighl MW Accounling SeTvices Woodgate House Wood Street Galeshe3d NE119NP STRUCTURE, GOVERNANCE AND MANAGEMENT Governin documents The organisation is a charitable company limited by guaranlee. incorporated on the 13 September 2001 and is controlled by its governing document, a deed of Irusl, and constitutes a limited company, limited by guaranlee. as defined by the Companies Act 2006. oinlmenl of Trustees The directors and trustees seek lo 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
CHOYSEZ IA ¢ompany lirniled by guarantee) TRUSTEES ANNUAL REPORT For th& year ended 31 August 2024 sh lo 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. anisation All of the trustees meet every month and deal with the adminislralion of the charity to ensure that Choysez has a clear vision and strategy for the future. and to monitor the performance against plans, to support the management and staff team. and to oversee financial accountability and risk management. The operational management of the organisation is underlaken by the paid staff team. Risk mana Vve have 8ssessed land reviewed regulady} the major risks lo which we are exposed. in particular those related lo our operations and finances. and we are satisfied that syslems 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 pdicy. emenl TRUSTEES. RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The trustees, who are also directors for the purposes of company law. are responsible for preparing the Trustees, Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounling Standards (United Kingdom Generally Accepied Accounting Praclicel. Company Law requires the trustees lo prepare financial slalemenls for each financial year which show the slate of affairs of the charitable company and of incoming resources and application of resources. including the income and expenditure of the ¢harilable¢ompanyfor Ihal year. In preparing those financial statements, the Iruslees are required to.. select suitable accounting policies and apply them consislenlly., observe the methods and principles in the Chartties SORP- make judgements and estimates that are reasonable and prudent. slate whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial slatemenls.. prepare the financial statements on Ihe going (x)ncem basis unless it is inappropriate to presume that the charity will continue in operation.
CHOYSEZ IA Gompany limiled by 9uaranteel TRUSTEES ANNUAL REPORT For the year ended 31 August 2024 The trustees are responsible for keeping accounting records that disclose with reasonable accuracy Ot any lime the financial t)osilion of the charitable company aThJ enable Ihem to ensure that the financial slalemenls comply with Ihe Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence lor taking reasonable sleps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees on: 1910512025 and signed on their behalf by= fjtèFtsmShan(Kinlllay19.ZQ2511.3JGUT-11 Graham Shannon Chair
CHOYSEZ IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES For the ear ended 37 Au ust 2024 I report on the financial slalemenls of Choysez for the year ended 31 August 2024, which are set out on pages 9 10 21. Respèctivè rè$pon$ibllhtte$ of tru5tee5 and examiner The charity's Iruslees (who are also directors of the company for the puTpos*s of company lawl are responsible for the preparation of the accounts. Th$ ¢harily's trustees consider ihat an audit is not required for this year under section 144 of the Charities Act 2011 Ilhe Charibes Acll and that an independent examination is needed. The charity's gross income exceeded £250.0(K> and l am qualified lo undertake the examination by being a Member ol the Association of A¢¢ounling Technicians. Having satisfied myself that the charity is not subject lo audit under company law and is eligible for indep6ndent examination, it 15 my responsibility lo.. examine the accounts under section 145 of the Charities Act. l(> follow the procedures laid down in the general Directions given by the Charity Commission (under section 14515llbl of Ihe Charities A¢ll, and lo stale whether particular mallers have come lo my attention. Ba$ls of Indepondent examiner's statement My examination was carried out in accordance with general Diredions gwen by the Charity Commission. An examinalion includes a review of Ihe accounting records kepl by the charily and a comparison of Ihe accoun15 presented with those records. It also includes ¢onsid&ration ol any unusual items or disdosures in the a¢coLJnts, and seeking explanations from the Iruslees conceming any such matlets. The predureS undertaken do not provide all the evidence that would be reqEJired in an audit. and consequenyy no opiniijn is given as to whether the accounts present a 'lrue and fair view. and the report is limiled lo those matters sel out In the statement below. Independent examiner's statom•nt In connection with my Èxamination, no material matters have come to my altention which gives me cause lo believe that in, any material respecl.. accounb'ng records were not kept in accordan with section 386 01 Ihe Companies Acl 2006- or the accounts do not accord with such records" or the accounts do not comply with relevant accounting requirements under section 396 of the Companies Acl 2006 other than any requiremenl Ihal the accounts give a 'lrue and fair. VEW which is not a rnaller consi(Sered as part of an independent examinalion". or the a¢¢ounls have not been prepared in accordance with ihe Charilies SORP {FRS1021. I have corne across no other matters in connection with ihe examinalron lo whith attention should be drawn in this report in order lo enable 8 proper understanding of the accounts lo be reath8d. Michelle Wrighl oodgale House 5¢ Wood Street Gateshead Tyne and Wear NE119NP Dale.. MwrA 1910512025
CHOYSEZ IA ¢ompany limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT) For the year ended 31 August 2024 Uniestricled Funds Restrid6(1 Fund5 Total 2024 Total 2023 Income from: Charitable activities Grants and conlra¢ls Other trading activities 326,070 5.000 20.699 346,769 5,000 259,846 Total in¢ome 331.070 20,699 351,769 259,846 Ex endltur• on.. Charitable activities Operalion ol the charity Total expenditure 315.474 20,699 336,173 281,980 315,474 20,699 336,173 281,980 Nel Income/(expendlture) and n8t movement offunds 15.596 15,596 122,134) Recon¢lllatlon of funds Tolal funds brought forward 140.659 140,659 162,793 Total funds ¢arried fonvard 156.255 156.255 140,659 The Stalement of Financial Activities includes all gains and losses recognisj in the year. Al income and expenditure derive from continuing acliwli8s The nolgs on pages 1110 21 form an integral part of these accounts.
CHOYSEZ IA company limited by guarantee) Charity Nurnber 1089811 Cornpany Number 04286804 BALANCE SHEET As al 31 August 2024 Total 2024 Total 2023 Fixed assets Tangible assets 15 95.693 103,069 Total fiTxed assets 95,693 103,069 Current assets Oeblors Cash al bank and in hand 16 17 3.778 71,722 2.607 39.198 Total cuttent assets 75,500 41,805 Craditors: amounts falling due within one year 18 114,938} 14,214) Net current assets 60,562 37,590 Total assgts less ¢urrent liabilities 156.255 140,659 Total net assets or liabilitigs 156.255 140,659 Funds of the ¢haTit Unreslricled ificome funds Reslricled income funds 156,255 140,659 Tolal funds 1S6,255 140,659 The company was enlilled to an exemption from audit under $477 of the Ccmpanies Act 2006 relating to small companies. The members have not required the company to obtain an audit in aCrdan 1th seclK)n 476 of the Companies Act 2006. The directors acknowledge Iheir responsibilities for complying with the requiremenis ol the Companies A¢1 with the respe¢l to accounting recoids and the preparation ol accoLFnls. These accounts have been prepared in accordan wilh Ihe provisions appIcable lo small compani&s subject lo the small companies regime and in accordance with FRS102 SORP. The notes on pages 11 to 21 fomi an inlegral part of these accounts. These financial statements were approved by the Board on= 1910512025 and are signgd on ils btrh8lf by- Graham Shannon Chair of Board of Trustees 10
CHOYSEZ IA company limiled by guaranteel NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Au U512024 1 A¢¢ountlng Policies The principal accounling policies adopted. judgements and key sources of estimation uncertainly in the preparation of Ihe finan¢i81 statemen15 are as follows= 2 Basis of accountlng 2.1 Basis of preparation These auniS have been prepared under the historical cost convent with items recognised al cost or transaction value unless otherwise statèd in the Televant nole{sl to these accounts. The accounts have been prepared in accordance with Accounting and Reporting by Charities-. Ststemenl of Recornmended Practice applicable to charities preparing their awunis in a(LOrdan with the Financial Rtsporting Siandard applicable in the UK and Republic of Ireland IFRS 1021 leffectiv8 1 January 20191 Charities SORP IFRS 1021, the Financial Reporting Slandard appliable in the UK and Republi¢ DI Ireland IFRS 1021 and Ihe Charities Acl 2011. Choysez metrls Ihe definition of a public benefit entity under FRS 102. 2.2 Preparation of thg accounts on a going con¢¢rn basis The financial stalemants have been prepared on a going concem basis. In making their assessment the Iruslees have reviewed and considered relevant information. indudirg their annual budget and luture cash flows. The Iruslees are ol Ihe view thal Ihe immediate luture of the tharity lor the next 12 months is secure and that on this basis the charity is a going concem. Ineom& 3.1 Re¢ognltion of incom¢ Income is re¢ognised when Ihe charity has enlillemenl lo the resjrCe9. any performance conditions alla¢hed to the ilemlsl of Income have been met. il is more likely than not Ihat the resources will be received and the monetary value can be measured with suffiuent reliability 3.2 Oflsèttin9 There has been no offsetting of assets and liabilities. or income expenses. unless required or permilled by FRS102 SORP or FRS102. 3.3 Grants and donations Income from government and olher grants. whether'capilal, grants or 'revenue' grants, 15 recognised when the charity has entillemenl lo Ihe funds. any performance conditions attached to the grants have been met, it is probable that the income will be received and the amounl can be measured reliably and is not deferred. Income received in advance of thè provision of a specifie(I seIce is deferred until the criteria of income recognition are mel.
CHOYSEZ IA company limited by guaranleel NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Au ust 2024 3.4 Donated goods and servlcès Donated goc>ds are measured al fair value {Ihe amounl for which the a55el could be exchanged) unless impractical to do so. Oonated servi¢es ar facilities are included in the SOFA when received al Ihe value ol Ihe gift lo the ch8rily provided that the valLte of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with the equivdenl amount recognised as an expense under the appropriate heading in the SOFA. 3.5 Volunteer help The value of volunteei help reiVed is not included in the accounts but is described in the Iruslees. annual report. 3.6 Interest receivablè Inl¢resl on funds held on deposit is induded when receivable and Ihe amount can be measured reliably by the charity,. this Is normally upon nolification of the interest paid or payable by the bank. 3.7 Income from mèmbership subscriptions Mtsmbership subsc¥iptions re¢8ived in the nature of a gift are recognised in donations and legacies. Membership subs¢riplions which gives a member the right lo buy serveS or other benefits are recognised as income earned from the provision of goods and servi¢es as in(x)n from charitable activities. 3.8 Investmant galns and losses This indudes any realised OT unrealised gains or losses on Ihe sale of investments and any gain or Ioss resulting from revaluing investments lo market value at the end of the year. 3.9 Fund ac¢ounting Unrestricted funds are available lo spend on activities that futhr any of the purposes of the charity. Designated funds are unrgstricted fvnds of the charity which the Iruslees have decided al their discretion to sel aside lo use lor a specific purpose. Reslficled funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for speafic projects being underiaken by the Expendituro and Ilabilitie5 4.1 Llablllty re¢ognition Liabililies are recognised when il is more likely than not that Ihere is a legal or conslruclive obligation committing the charity lo pay out resources and the amount of the obligation can be measured with reasonable certainty. 4.2 Charitable activitias Expenditure on charitable activilies includes the costs of running the centre and other actiwlies undertaken to furthèr the purposes ol Ihe charity and their associated suppori costs. 12
CHOYSEZ IA company limited by gLtaranleel NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Au ust 2024 4.3 Governance and support costs Support costs have been allocated belween govemarhce cost and other suprxjrt. Govemance wsts comprise all costs involving public a¢couniabilily of the charity and its compliance wth regulation an¢J good practice. Support costs are those fijnclions that assist the work of the charity bul do nol directly undertake charitable aclivilies. Support costs indude cenlral functions and have been alocaled lo actimly cost categories on a basis Consislenl wilh the use of resources. 4.4 Irracov&rable VAT Irrecoverable VAT is charged as a cost against Ihe activity for which the expenditure was incurred. 4.5 Creditors The charity has creditors which are measured at seltlemenl amour)ts less any trade dIunt$. 4.6 Provisions for Ilabllltles A liability is measured on recognition at ils historical cosl and then subsequently measured at the best estimate of the amount required lo settle the obligalion at the reporting date. 5 Assets 5.1 Tangible fixed a$$¢t$ for use by the charity Individual fixed assets costing £1.000 cv more a capitalised al $t and are depreciated over their eslimaled useful economic lives on a slraighl line basis. a full years ¢Jewecialion charge is applied in the year of acquis11ion and no charge is made in Ihe year of disposal- Land & bijildings Plant & machinery Motor vehicles Slraighl line over iwenty years Reduang balance 33.3% Reducing balance 25% 13
CHOYSEZ IA company limiled by guaianleel NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Au usl 2024 Analysis of income Unrestricled Funds Restricted Funds Total 2024 Total 2023 6 Charitablè activities Income from rants and contracts School contracts Kellogs Sprig9s Family Community Foundation High Sheriff Chop Town Council RW Mann Trust Nelherton Park Trust 302.318 1.000 500 1.000 302,318 1.000 soo 1,000 500 2,000 7,500 5,000 500 2.000 7.500 5.000 Communily Foundation Northumberland Villag8 Homes Community Foundation Welesley Trust Community Foundation Northvmberland Group Fund Community Foundation 1989 Willan Charitable Trust Rolhley Trust Other grants 6,252 6,252 9,699 9,699 4.114 10.1)00 10.000 1.000 1,000 255,732 326,070 20.699 346 769 259,846 7 Other trading activities Other income 5,000 5.000 Income was £351,769 12023= £259.8461 of which £331.070 was unreslricted or designated 12023.. £255,732) and £20,699 was reslricled12023.' £4.114) 14
CHOYSEZ IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Au ust 2024 Analysis of expènditure on charitablè actlvities Unreslricled Funds Restricted Funds Total 2024 Total 2D23 8 Charftablg activities Direct costs Staff costs Recruilmenl staff Iraininglconferences Uniforms Staff Iravellmeelings Project activity ort costs 244.905 676 3.915 5,000 249.905 676 3,915 203.937 1,919 2,013 512 15,490 198 15.794 198 20,493 4.699 Transport costs Telephone charges Heating & lighting Office expenses Repairs and renewals Rent, water & waste Insuran¢e Legal & professional fees Award Certificates Depreciation 9.247 1.771 5.023 5.703 2.761 2.466 7.610 9,247 1,771 5,023 5,703 13,761 2,466 7,610 7.913 2,134 4,301 4,687 9.002 2,478 7,595 2,960 3,510 12,264 11,000 1.946 12,446 1.946 12,446 Gtsvernance costs Independent examinerfs fees for reporting on the accounts 1.013 1,013 1.265 315474 336173 281980 Expenditure on charitable activities was £336,173 (2023= £281.9801 of which £315,474 was unrestricted or designaled12023.. £277,866) and £20,699 was resthcled {2023= £4,114) 9 Fees for examlnation of the account$ 2024 2023 Indendent examinerfs fees for repty1ing on the accounls 1,000 1,265 1.000 1,265 15
CHOYSEZ IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Au ust 2024 10 Analysls of staff costs and the cost of key management personnel 2024 2023 Salaries and wages Social security costs Pension costs Idefined coniribulion pension plan} 216,947 21,713 10.957 249,617 No employee received remuneration above £60,00012023". nil) The key management personnel of the charily. comprise the Trustees and the Centre Manager. The total employee benefits of the key management personnel ol the charity were £57,256.12023'. £46.5591 11 Staff numbèrs The average rnonlhly head ¢ounl was 6 staff {2023.. 6 stafQ and the average monthly number ol full-lime equivalent employe&s during the year were as follows.. 2024 Number 2023 Number The parts of the charity in which th8 employee's wo Charitable activitios Strssion81 staff are hired on a project by project basis and are inclLrded within charitable aclivib'es as direct proje¢l ¢osls as they typically relate lo specific pr(Mlu¢lion or projecls. 12 Transactlons wlth trustees None ol the trustees have been paid any remuneration or received any thher benefits fiom an employment with their charity or a relaled enlily. Trustees. expens•s No Iruslee expense have been incurred in the year. Transaction{s} with related parti•$ The following detail the related party transactions in the reporting period. G Shannon, who is a Directoi of the Organisation and a Tnjslee of the Charity. is an associate 501icilDr at EMG Solicitors Limited. who are our solicitors. No transactions beiween the parties took place during the year ended 31 August 202412023 £Nill. J Fay is a charity trustee and acts as our insurance broker. operating on nornial (x>mmercial lemis. 13 Defined contribution pénsion scheme The charity operates a defined conlribulion pension scheme. The assets of the s¢hetne are held separ8lely from Ih05e ol the charity in an independently administered fund. The employer's pension costs represenl conlribulions payable by Ihe ¢harity lo the fuftd and amount to £4,537 12023.. £7,512). There was £501 oulslanding as al 31 August 2024 (2023." £2.0581 16
CHOYSEZ IA company limiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Au ust 2024 14 Corporation Taxation The charily is exempl from lax on income an¢J gains falling within section 505 ol the Taxes Act 1988 or section 252 of the Taxation ol Chargeable Gains Act 1992 to the extent that these are applied lo its charitabl8 objectives. Freehold property Plant & ma¢hinery Motor vehi¢1os 15 Tangible fixed as$ots Total Cosl Balance brought forward Additions Disposals Balance carried forward 233.268 56,546 2,200 5.070 292.014 5,070 233,268 56.546 7.270 297 084 Depre¢latlon Basis Rale SL 5% RB 33% RB 25° Balan brought fomard Depreciation charge for year Disposals Balan¢0 carried forward 132.364 11,663 56.169 124 412 658 188,945 12,446 144.027 56.293 1,070 201391 Net book value Brought forward 100.904 377 1.788 103 069 Carried forward 89.241 253 6,200 16 Debtors and prepayments (re1vable within 1 yearl 2024 2023 Trade debtors Prepayments 1,135 2,643 3,778 2,607 2.607 17 Cash at bank and in hand 2024 2023 Cash al bank and in hand 71.722 71,722 39.198 39.198 17
CHOYSEZ IA company limited by guar¥nleel NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Au ust 2024 18 Creditors and accrual$ (payable within 1 yèar) 2024 2023 Taxation and social securily Pension Accruals Independenl examination of accounts Other accruals Deferred income CF Mu¢kle Other creditors 4,958 3.902 1.940 1,000 78 1.265 5.000 1,010 4,214 14,938 19 Deferred Income Deferred income comprises of advance payments from grants that relate lo future periods 2024 Balance brought forward Amount released lo income eamed from charitable activities Amount deferred in year Balance carried forward 5,000 5,000 20 Events after the end of the reporting period No events Inol requiftng adjustment lo the a¢counlsl have occurred after (he end of the reporting period bul before the accounts are authorised which relate to conditions that arose after the end ol the reporting period. 18
CHOYSEZ IA company limited by guafanleel NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Au usl 2024 21 Analysis of charitable funds Analysis of movements In unrestricted funds For th8 year ending 31 August 2024 Fund balances brought forward Fund balances ¢arried foThvard Incoming r¢sources Resource5 exponded Transfers Unrèstrlcted funds General unrestricted fund 140,659 140,659 331.070 331,070 1315,4741 315.4741 156,255 156,255 Totals For the year endlng 31 August 2023 Fund balan¢e$ brought forward Fund balancès carried forward Incoming resources Resources expended Transfers Unrestricted funds General unrestricted fund 162.793 255.732 1277,8661 1277.8661 140,659 140,659 Tolals 162.793 255,732 Purpose of unrestricted fund5 General unrestricted fund The'free Teserves. after allowng fordesignaled funds 19
CHOYSEZ IA company limited by guaranleel NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Au usl 2024 21 Analysis of charltable funds continuèd Analys1$ of movement in restricted funds For the year ending 31 August 2024 Fund balances brought forward Fund balances Carried foFward Incoming resour¢es Resources expend&d Transfers Restricted funds Chop Town Council RW Mann Trust Nelherton Park Trust Community Foundation Northumberland Group Fund Rolhley Trust Heritage Fund Community Fountyation New¢aslle City Counul Ward Funding National Lollery Street Games Henry Smith Newcastle Cily Council Other small grants 500 2.000 7,500 9.699 15001 12.0001 17,5001 19.6991 1.000 11.QOOI Totals 20.699 120,699 Analysis of movement in restricted funds For thè yèar ènding 31 August 2023 Fund balan¢Ès balances brought forward Fund balan¢es carrlèd loard Incomlng resources Resources expended Transf¥rs Restricted funds Northumberland Group Fund Totals 4.114 14,1141 4.114 4,114
CHOYSEZ IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 Au ust 2024 21 Analysis of chJritabl8 funds continued Purpose of restricted funds Reslricled funds lepresenl incom8 resources used for a specific purposewithin the charity as identified by the donor. Chop Town Council RW Mann Trust To support the purchase of new ¢haYs for a classroom To support the renovations and adaplalions to bring an unused space and lum il inlo a community washroom To support the renovation of a dassroom turning il into an English classroom and reading spa¢e for young women To support the employment and future career opportunities for young women particularly Ihose due to leave Ihe proje¢t and those who have left thin the last two years. To support the renovations and adaptaI)n$ to bring an unused space and lum il inlo a community washroom Nelherton Park Tnjst Community Foundation NorthLJmberland Group Fund Rolhley Trust 22 Capital commitments As al 31 August 2024. the charity had no capital commitments {2023-£nill 23 Analysis of net assets between funds Unrestrided Funds Reslrid8d Fun(Ss Total 2024 Total 2023 Tangible fixed assets Cash al bank and in hand Other nel currenl asselsl{liabililiesl 95.693 71.722 { 11.1601 156.255 95,693 71,722 111,160) 156255 103.069 39,198 11.6081 140 659 21
The following page (Joes not lo} part of the statutoryaccounts
CHOYSEZ Income and expenditure account For the flnancial year ended 31 August 2024 2024 2023 Income Training courses & grants Olher income 346,672.00 5.097.00 351,769.00 259,846.00 0.00 259,846.00 Dedud Expenditure Staff costs Recruitment Staff Training Uniform Activities Transport Fuel Staff Travel Repairs & Renewals Telephone Office Exp Light & Heat Insurance Rent. Water & Waste Award Certificates Legal & Prof Bad debts Accountancy charges Depreciation Capital loss Capital profit Equipment funded 249.905.21 676.00 3.915.00 0.00 20,493.00 3.003.00 6,244.00 198.00 7.977.42 1.771.00 5.703.00 5.023.00 7,609.75 2,466.00 1,946.00 203.937.00 0.00 1.919.00 2.013.00 15,490.00 7.913.00 0.00 512.00 9.002.00 2,134.00 4.687.00 4.301.00 7,595.00 2.478.00 3,510.00 2.960.00 0.00 1,265.00 12.264.00 0.00 0.00 0.00 0.00 1.013.20 12.446.06 5.784.00 336,173.64 281,980.00 Net surplusldeficit for the year 15.595.36 -22,134.00