REGISTERED COMPANY NUMBER: 04229324 (England and Wales) REGISTERED CHARITY NUMBER: 1091001
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
COPENHAGEN YOUTH PROJECT
COPENHAGEN YOUTH PROJECT
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Notes to the Financial Statements | 10 | to | 18 |
| Detailed Statement of Financial Activities | 19 |
COPENHAGEN YOUTH PROJECT
REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Aims & Objectives
Copenhagen Youth Project (CYP) is a unique youth project working in partnership with young people to create and sustain a positive youth culture that inspires children and young people to plan, initiate and lead their own projects. Through Sports, Arts, Mentoring and Culture CYP engage and progress children and young people providing education, training and support, helping to raise achievement and levels of aspiration.
We challenge and support young people of diverse backgrounds from the age of 7 through to 25, supporting their individual learning and personal development. All activities are carefully planned to ensure that they are not simply diversionary, but act as a vehicle for focused work providing progression and helping young people to develop skills, access learning and provide pathways to training and work opportunities.
The young people we work with, include those who are vulnerable, excluded or at risk of offending. CYP bring together different groups of young people, encouraging, and teaching them to work together and understand differences, raising both awareness and tolerance.
We aim to involve young people in the development of their local community. We are located in the North Kings Cross area of London. This is an area of both long-term high deprivation and affluence, with regeneration now at its core. We collaborate with commercial businesses and local organisations planning projects for young people strengthening our provision, community cohesion and the impact of regeneration on the wider community.
Public Benefit
The Trustees consider the Charity Commission guidance on public benefit and consider that the activities of the Charity meet its objectives and provide a benefit to the public
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COPENHAGEN YOUTH PROJECT
REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE Activities and Project Director's Report CYP Projects for 2023-24
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Overview for period
Number of sessions 398
Total attendance over period 3962
Average attendance per session 10
TOTAL YOUNG PEOPLE 363
New members for this period 143
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Recorded Outcomes No. %
Understood the impact of sleep, food, physical activity, interaction and
299 82%
relaxation on their wellbeing and understanding of mental health.
Increase awareness of different cultures and ethnic groups 252 69%
Increase the number of people in education, employment or training (EET) 229 63%
Increased engagement 166 45%
Improved their understanding of wellbeing & their feelings 121 33%
Reduce anti-social behaviour/violence. Managed their own behaviour 110 30%
Social and Community development. Supporting Staff and young people. 81 22%
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Two Case Studies for the year (names have been changed):
-
1) Mary a 22-year-old: a CYP member since age 17, has significantly contributed to CYP's youth programs. As a music student, she founded the Young Creatives, producing music, podcasts, and managing events like the Cally Festival and Islington Communities festival. As well as the Youth representative for our Board meetings, She also serves as a Youth Volunteer, hosting youth debates, and is now a content creator for CYP and other local organisations. Her latest project aims to empower girls and young women through financial education, life skills development, and community building, showcasing her ambition and dedication to supporting her community.
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2) George, a 21-year-old, faces challenges within his family due to his parents' addiction and neglect. Feeling unsupported, he finds solace in CYP's Youth Club. Through engagement in various activities and support from youth workers, George has begun to address his mental health struggles, build social connections, and explore future opportunities.
The focus for CYP to deliver its service as a Trauma Informed Practice (TIP) has moved from strength to strength. The Therapeutic Youth Work Programme is now embedded in our approach with an infrastructure to support a TIP. The Community of Practice convened by Camden and Islington's Child and Adolescent Mental Health Services (CAMHS) has provided training, mentoring and guidance which has further supported consistency, professionalism and commitment to this approach. The Youth Work Team have engaged in quarterly reflective practice and clinical supervision facilitated by external counsellor these sessions alongside regular work-based supervision has provided a rounded process of support for youth workers to successfully deliver their frontline work and meet the complex needs of local young people.
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COPENHAGEN YOUTH PROJECT
REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024
Youth Club and Football
Youth Club and Football sessions continue to be the magnet for both diversion and inclusion as they provide easy access and for most young people the first point of contact. Over this last year we have proved up to 4 sessions of Football per week this has included regular participation in leagues and tournaments around London with the opportunity for young people over the age of 18 to progress into CYPFC and play weekly in the Camden and Islington mid-week league one of the highest levels of community Football in London. Youth Club sessions have taken place 3 times a week offering a safe space to socialise, participate in activities and acquire both information and guidance. Youth Club also provides a pathway into other projects and services delivered by CYP and connected organisations.
No More Red
We continue to be one of the official charity partners for the Arsenal Adidas 'No More Red' campaign. The campaign has provided some amazing experiences for local young people including:
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" Awards of the 'No More Red' white shirt for positive community work
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" Match Tickets on Award Days
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" Fashion Workshops
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" T-shirt making workshops
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" Tours of the Emirates
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" Games on the Emirates pitch
The 'No More Red' campaign is a long-term campaign against knife crime for Arsenal and Adidas. CYP have been included as an integral part of the campaign providing advice and guidance to the campaign but also delivering programmes and awards to and for young people in the community.
Music and Recording Studio
This year with the help of committed CYP supporters including Dave Roberts (Arsenal Supporters Club) the residents of Lonsdale Square and fundraiser Ben Wilson we raised £30,000 for the soundproofing and upgrading of the music studio. This wonderful effort has provided CYP with a resource which can now deliver full music programmes for young people providing progressive outcomes for young people's personal and professional development. We are now in contact with Universal and Tile Yard Studios which we believe will bring more resources and progression for local young people.
Cally Festival has provided another opportunity for young people to learn skills, gain experience and manage their own project. For the past 11 years CYP have curated and managed the Youth Stage in collaboration with young people. This year was another successful one with 18 young people involved in the delivery and performances.
A residential trip to the 'We Out Here' music festival provided another wonderful music experience for 5 young people. Who camped for 2 embracing the full festival experience. Our partnership over the last few years with 'We Out Here' has provided residentials and work experience for young people. Next year we intend to bring more young people for the experience and are working towards having our own stage in the future
FINANCIAL REVIEW
Financial position
The charity's funding comes from various funders and has increased its sources of funding over time, in line with our three-year fundraising strategy.
For the year ended 31 March 2024, CYP had a total income of £450,556 (2023 £198,942) and a total expenditure of £393,520 (2023 £331,419) resulting in a net surplus in funds for the year of £57,036 (2023: (£132,477)).
Reserves Policy
The Trustees have examined the Charity's requirements in the light of the main risks to the organisation. It has established a policy whereby unrestricted funds not committed or invested in tangible assets held by the charity should cover at least 3 months operating costs including staff salaries.
The present level of unrestricted reserves available are £21,315 on 31 March 2024, this figure falls short of our reserves policy requirements. The strategy is to continue to build reserves through planned operating surpluses.
The restricted funds at the end of the year stood at £150,170.02 (2023: £52,465), representing grants received in 2023/24 for specific charitable purposes but for which the related expenditure will be incurred in a later financial year.
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COPENHAGEN YOUTH PROJECT
REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024
LOOKING AHEAD - 2024/25
Over this coming year we will continue to develop work with the next cohort of local children transitioning into secondary school. This will be achieved by developing our after programme with local primary schools and adventure play grounds.
Our Youth Led approach will continue as young people have started to plan the following activities for this summer; Snow Camp, Pod Casting, Social Networking Event and Girls Football.
And finally with a view to building partnerships and longer-term solutions which we know can add value to the outcomes for children, young people and the wider community, we will work to further build our relationships with corporations in the new Kings Cross Development.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Copenhagen Youth Project (CYP) is a charitable company limited by guarantee incorporated on 6 June 2001 and registered as a charity in March 2002. Its governing documents are the Memorandum and Articles of Association.
Recruitment and Appointment of the Trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles of Association, the trustees are known as members of the management committee. The trustees include a diverse balance of people with professional skills who are all volunteers and are elected annually.
The trustees recognise the importance of increasing the diversity of the trustee board to be more representative of CYP's membership and staff.
Organisational Structure
The Trustees meet quarterly, as CYP's management committee, with the responsibility for policy and overall management. The Chief Executive Officer is responsible for day-to-day running of the project, managing the team of part-time staff, with support from the Company Secretary who is also the Chief Operating Officer.
Trustee Induction and Training
All trustees are familiar with the educational and preventative work of the charity. In addition, at committee meetings they are familiarised with the practical work of the charity with children and young people and the context within which it operates. They are provided with an induction pack which sets out
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The obligations of management committee members
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The CYP's main documents setting out the operational framework of the CYP and its Memorandum and Articles
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- Resources and current financial position as set out in the latest published accounts - Future plans and objectives
Statement of Compliance with The Charity Governance Code
The update to the Charity Governance Code in December 2020 has meant that there are new requirements and standards for charities to aspire towards, particularly in the area of equity, diversity and inclusion. Whilst these guidelines are not legal requirements, CYP recognises the importance of the application of the Code to its practices and duties. The charity continues to strive towards key principles such as organisational purpose, leadership, integrity, equity and diversity through its governance and practices. CYP is compliant with the Code by following its guidelines for best practice, except in a few areas where it continues to strive towards compliance.
Policies & Procedures
CYP abides by LBI and statutory policies on Health & Safety, Safeguarding/Child Protection, GDPR, E-Safety and Equal Opportunities. Other policy documents include confidentiality, staff discipline, complaints, recruitment, volunteering and mentoring. Policies have recently been updated and are regularly reviewed.
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COPENHAGEN YOUTH PROJECT
REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04229324 (England and Wales)
Registered Charity number 1091001
Registered office
172 Copenhagen Street Islington London N1 0ST
Trustees
T R Vos N Chouksey Treasurer N Davies Chair (resigned 7.3.24) L Bailey D Sat S King K D Dufren R Haynes (appointed 15.6.23) S Lakhani (appointed 18.6.24)
Company Secretary T Thomas
Bankers Barclays, Leicester LE87 2BB
Management Team
Stephen Griffith Chief Executive Officer Theo Thomas Chief Operating Officer
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
09/30/2024
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ T Thomas - Secretary
Page 5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COPENHAGEN YOUTH PROJECT
Independent examiner's report to the trustees of Copenhagen Youth Project ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
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, I 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 I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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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
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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
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the accounts have not been prepared in accordance with the methods and principles of the 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)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Maurice Brindley BSc FCA
09/30/2024 Date: .............................................
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COPENHAGEN YOUTH PROJECT
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 MARCH 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 130,015 Investment income 3 1,833 Total 131,848 EXPENDITURE ON Charitable activities Youth Activities 165,382 NET INCOME/(EXPENDITURE) (33,534) Transfers between funds 10 (7,134) Net movement in funds (40,668) RECONCILIATION OF FUNDS Total funds brought forward 61,983 TOTAL FUNDS CARRIED FORWARD 21,315 |
Restricted funds £ 318,708 - 318,708 228,138 90,570 7,134 97,704 52,465 150,169 |
31.3.24 Total funds £ 448,723 1,833 450,556 393,520 57,036 - 57,036 114,448 171,484 |
31.3.23 Total funds £ 198,632 310 198,942 331,419 (132,477) - (132,477) 246,925 114,448 |
|---|---|---|---|
The notes form part of these financial statements
Page 7
COPENHAGEN YOUTH PROJECT (REGISTERED NUMBER: 04229324)
BALANCE SHEET 31 MARCH 2024
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 8 2,121 CURRENT ASSETS Cash at bank and in hand 24,801 CREDITORS Amounts falling due within one year 9 (5,608) NET CURRENT ASSETS 19,193 TOTAL ASSETS LESS CURRENT LIABILITIES 21,314 NET ASSETS 21,314 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - 150,170 - 150,170 150,170 150,170 |
31.3.24 Total funds £ 2,121 174,971 (5,608) 169,363 171,484 171,484 21,314 150,170 171,484 |
31.3.23 Total funds £ 3,871 117,496 (6,919) 110,577 114,448 114,448 61,983 52,465 114,448 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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COPENHAGEN YOUTH PROJECT (REGISTERED NUMBER: 04229324)
BALANCE SHEET - continued 31 MARCH 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
09/27/2024
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
T R Vos - Trustee
............................................. N Chouksey - Trustee
The notes form part of these financial statements
Page 9
COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
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 2019)', 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.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
The financial statements are presented in sterling (£).
Critical accounting judgements and key sources of estimation uncertainty
In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.
Useful economic life of tangible fixed assets:
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost Computer equipment - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and in hand includes, cash, current and deposit bank accounts.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will 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 are recognised at their settlement amount.
continued...
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COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2. DONATIONS AND LEGACIES
| Donations Grants Donated services and facilities |
31.3.24 £ 47,386 395,897 5,440 448,723 |
31.3.23 £ 13,208 180,644 4,780 |
|---|---|---|
| 198,632 |
Donated Goods and Services
The trustees would like to thank all those who donated goods to the Charity during the year. These ranged from tickets for the youth to attend premier league football matches, food for the centre and the supply of furniture and oven units. These donations amounted to £5,440 (2023: £4,780).
continued...
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COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024
2. DONATIONS AND LEGACIES - continued
Grants received, included in the above, are as follows:
| Big Lottery Fund Charles French Charity Charles Haywood Chesterhill Charitable Trust Cloth Workers Foundation Community Sports Coaches Scheme CPP Investments DV5 Properties Emma Kella Football Foundation Four Hundred Community Fund Friends of Edward Square Garfield Weston Trust Go London Goldsmiths Charity Girdlers Charitable Trust Henry Smith Foundation Home Office Community Fund Isledon Arts Jack Petchey Foundation LBI - Cally Festival LBI - Volunteer Co-ordinator Lloyds Foundation London Borough of Islington - Youth Club London Community Foundation Morris Charitable Trust Sarah Ainslie Tudor Trust Other grants 3. INVESTMENT INCOME Deposit account interest |
31.3.24 £ 176,583 2,500 - 1,000 4,500 - 5,000 2,000 20,048 - - - 25,000 12,728 - 5,000 50,650 - 2,000 1,200 26,000 - - 27,118 10,000 17,500 5,000 - 2,070 395,897 31.3.24 £ 1,833 |
31.3.23 £ 50,793 - 5,000 1,000 - 990 - - - 25,000 5,000 5,000 3,400 - 25,050 - 2,300 1,800 1,207 26,045 - - 7,000 13,559 - - - 5,000 2,500 180,644 |
|---|---|---|
| 31.3.23 £ 310 |
continued...
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COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.3.24 | 31.3.23 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 1,750 | 6,042 |
| Independent Examination Fee | 2,070 | 2,040 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
The charity considers its key management personnel to comprise the trustees,and the senior management team. Total remuneration for key personnel in the year was £92,662 (2023: £85,603).
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.3.24 | 31.3.23 | |
|---|---|---|
| All Staff | 7 | 7 |
No employees received emoluments in excess of £60,000.
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 104,246 Investment income 310 Total 104,556 EXPENDITURE ON Charitable activities Youth Activities 105,554 NET INCOME/(EXPENDITURE) (998) Transfers between funds (36,030) Net movement in funds (37,028) RECONCILIATION OF FUNDS Total funds brought forward 99,011 |
Restricted funds £ 94,386 - 94,386 225,865 (131,479) 36,030 (95,449) 147,914 |
Total funds £ 198,632 310 198,942 331,419 (132,477) - (132,477) 246,925 |
|---|---|---|
continued...
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COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Unrestricted | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| £ | £ | £ | |||
| TOTAL FUNDS CARRIED FORWARD | 61,983 | 52,465 | 114,448 | ||
| 8. | TANGIBLE FIXED ASSETS | ||||
| Fixtures | |||||
| and | Computer | ||||
| fittings | equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 April 2023 and 31 March 2024 | 1,444 | 25,766 | 27,210 | ||
| DEPRECIATION | |||||
| At 1 April 2023 | 953 | 22,386 | 23,339 | ||
| Charge for year | 491 | 1,259 | 1,750 | ||
| At 31 March 2024 | 1,444 | 23,645 | 25,089 | ||
| NET BOOK VALUE | |||||
| At 31 March 2024 | - | 2,121 | 2,121 | ||
| At 31 March 2023 | 491 | 3,380 | 3,871 | ||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.3.24 | 31.3.23 | ||||
| £ | £ | ||||
| Social security and other taxes | 3,304 | 2,888 | |||
| Other creditors | 264 | 1,992 | |||
| Accrued expenses | 2,040 | 2,039 | |||
| 5,608 | 6,919 | ||||
| 10. | MOVEMENT IN FUNDS |
| Unrestricted funds General fund Restricted funds Youth Clubs Therapeutic, Employability, Mentoring and Volunteer Projects Football Events & Trips TOTAL FUNDS |
At 1.4.23 £ 61,983 - 52,465 - - 52,465 114,448 |
Net movement in funds £ (33,535) 129,364 (35,890) 4,231 (7,134) 90,571 57,036 |
Transfers between funds £ (7,134) - - - 7,134 7,134 - |
At 31.3.24 £ 21,314 129,364 16,575 4,231 - |
|---|---|---|---|---|
| 150,170 | ||||
| 171,484 |
continued...
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COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Youth Clubs Therapeutic, Employability, Mentoring and Volunteer Projects Football Events & Trips TOTAL FUNDS |
Incoming resources £ 131,848 205,586 23,655 64,419 25,048 318,708 450,556 |
Resources Movement expended in funds £ £ (165,383) (33,535) (76,222) 129,364 (59,545) (35,890) (60,188) 4,231 (32,182) (7,134) (228,137) 90,571 (393,520) 57,036 |
|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Youth Clubs Therapeutic, Employability, Mentoring and Volunteer Projects Football Events & Trips TOTAL FUNDS |
At 1.4.22 £ 99,011 23,694 124,220 - - 147,914 246,925 |
Net movement in funds £ (998) (27,902) (71,755) (29,981) (1,841) (131,479) (132,477) |
Transfers between funds £ (36,030) 4,208 - 29,981 1,841 36,030 - |
At 31.3.23 £ 61,983 - 52,465 - - 52,465 114,448 |
|---|---|---|---|---|
continued...
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COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Youth Clubs Therapeutic, Employability, Mentoring and Volunteer Projects Football Events & Trips TOTAL FUNDS |
Incoming resources £ 104,556 47,604 45,792 990 - 94,386 |
Resources Movement expended in funds £ £ (105,554) (998) (75,506) (27,902) (117,547) (71,755) (30,971) (29,981) (1,841) (1,841) (225,865) (131,479) (331,419) (132,477) |
|---|---|---|
| 198,942 | (331,419) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Youth Clubs Therapeutic, Employability, Mentoring and Volunteer Projects Football Events & Trips TOTAL FUNDS |
At 1.4.22 £ 99,011 23,694 124,220 - - 147,914 |
Net movement in funds £ (34,533) 101,462 (107,645) (25,750) (8,975) (40,908) |
Transfers between funds £ (43,164) 4,208 - 29,981 8,975 43,164 |
At 31.3.24 £ 21,314 129,364 16,575 4,231 - |
|---|---|---|---|---|
| 150,170 | ||||
| 246,925 | (75,441) | - | 171,484 |
continued...
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COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Youth Clubs Therapeutic, Employability, Mentoring and Volunteer Projects Football Events & Trips TOTAL FUNDS |
Incoming resources £ 236,404 253,190 69,447 65,409 25,048 413,094 649,498 |
Resources Movement expended in funds £ £ (270,937) (34,533) (151,728) 101,462 (177,092) (107,645) (91,159) (25,750) (34,023) (8,975) (454,002) (40,908) (724,939) (75,441) |
|---|---|---|
Fund Descriptions
Youth Clubs - four regular sessions a week as well as girls club and outreach work. We provide a range of activities including, cooking, music, basketball, fitness workouts and various workshops including photography & film making.
Therapeutic, Employability, Mentoring and Volunteer Projects - The Therapeutic, Mentoring and volunteer programme supports all CYP sessions. The Employability advice is a drop-in service that takes place twice a week for support with CV writing, apprenticeship and employment applications.
Football - Four regular weekly football sessions throughout the year, including matches and tournaments.
Events & Trips - Highlights of this year's half term trips:
Community Engagement: a 3-day camping music festival and a theatre performance to support a member's acting debut.
Outdoor Adventures: Brighton, Alton Towers, Paintballing, Brecon Beacons bike hike and a Battersea Park Ride & Boat Trip.
Wellness Activities : Breath, Walk & Ride sessions.
continued...
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COPENHAGEN YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2024
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 18
COPENHAGEN YOUTH PROJECT
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2024
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 MARCH 2024 |
||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 47,386 | 13,208 |
| Grants | 395,897 | 180,644 |
| Donated services and facilities | 5,440 | 4,780 |
| 448,723 | 198,632 | |
| Investment income | ||
| Deposit account interest | 1,833 | 310 |
| Total incoming resources | 450,556 | 198,942 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 209,651 | 202,634 |
| Social security | 13,258 | 13,627 |
| Pensions | 5,946 | 5,028 |
| Premises | 2,820 | 3,295 |
| Insurance | 3,863 | 1,340 |
| Office costs | 16,954 | 6,470 |
| Training | 198 | 4,469 |
| Activity costs | 111,456 | 67,256 |
| Travel | - | 486 |
| Bank charges & interest | 67 | 69 |
| Volunteers expenses | 180 | - |
| Repairs and cleaning | 20,084 | 8,790 |
| Premises/Rm Hire/Pitch Hire | 240 | 240 |
| Furniture and Equipment | 5,000 | 9,620 |
| Fixtures and fittings | 491 | 477 |
| Computer equipment | 1,259 | 5,565 |
| 391,467 | 329,366 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 2,053 | 2,053 |
| Total resources expended | 393,520 | 331,419 |
| Net income/(expenditure) | 57,036 | (132,477) |
This page does not form part of the statutory financial statements
Page 19