COMPANY REGISTRATION NUMBER: 04327256 CHARITY REGISTRATION NUMBER: 1092908 Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 CS ACCOUNTING LIMITED 5 Mcmillan Close Saltwell Business Park Low Fell Tyne & Wear NE9 5BF
Oxclose and District Young Peoples Project Limited Company Llmlted by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees statement of financial activities {including income and expenditure account) statement of financial position statement of cash flows 10 Notes to the financial statements The following pages do not form part of the flnanclal statements Detailed statement of financial activities 20 Notes to the detailed statement of financial activities 21
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee TTUStees' Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The trustees. who are also Ihe director5 for the purposes of company law, present their reporl and the unoudited financial statements of the chorily for the year ended 31 March 2025. Refeience and adminlstrative details Reglstered charily name Chority reglstratlon number Company reglslralion number 04327256 Oxclose and District Young Peoples Project Limited 1092908 Princlpal office and registered Ayton Centre office Dunlin Drive Ayton Washington Tyne & Wear NE38 OEB The trustees Ms A Parkes Mr P Dawson Ms P Hegarfy Mr DI Johnson ITreasurerl C Smith 5 Mcmillan C105e 5allwell Business Park Low Fell Tyne & Wear NE9 58F (Appointed 12 December 20241 (Resigned 12 December 20241 Independent examiner Slruclure, governance and management Public Benefit We hcJve referred to the gvidance contained in the Charity Commission's general guidance on public benefil when reviewing our aims and objectives and in planning our future activities. In particulor, Ihe Truslee Board consider how planned activities will conlribute lo Ihe aims and objectives they have set. The Trustee Board reached the conclusion that the Chority's aims and objectives did fall within the appropriate charitable purpose. The trustees confirm that they have complied wth the duly in Section 17 of the Charitie5 Act 2011 to have due regard to Ihe Charily Commission's general guidance on public benefit.
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Tru5tees' Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 Objectives and activitie5 To promote the benefit of young persons between I l and 25 living in Washington and the surrounding areas without distinction of sex, politics, religion. or opinions in association with the local authorities, voluntary organisotions and those young persons, in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objects of improving the conditions of life of those young persons so as to develop their physical, mental and spiritual capabilities so that they may grow to full maturity within the community. Charltable actlvltles and achlevements I have great pleasure in introducing this Annual Report which is a celebration of the work undertaken by the ODYPP. It has been another busy year with a large number of young people from across Washington accessing our provision. Our youth clubs have offered a wide range of opportunities and have been well attended by many young people between the ages of eleven and nineteen. We have also given young people opportunities to porticipate in out of centre activities. Our post 16 training has supported many young people to raise aspirations and gain confidence as well as improve skills and gain qualifications. The Management Committee wish to compliment the leadership and staff of ODYPP for their tremendous hard work over the year in sUPPOrting the young people of Washington in their own communities. It is important to recognise the impact this work has in providing opportunities for our young people and in contributing to socia5 wellbeing and cohesion with our local communities. Employability Programme 2024-25 has been the first year that we have delivered our new Employability Programme funded by Washington Area Committee. Staff from Oxclose & District Young Peoples Project worked closely with Together for Children's Careers team to identify young people aged Slxteen to nineteen who were recorded as not cUentlY engaging in employment. education or training INEETI. After identifying young people home visits were carried out alongside a careers advisor to find out if the young person was in fact NEET. if not what they were doing in regards to employment, education or training and to also promote the new project. Oxclose & District Young Peoples Project teaching and support staff created a Short programme aimed at young people who were NEET and actively seeking work. Over the course of ten sessions 51X young people identified their skills and qualities and how these could be useful in different types of career and working environments. Young people then wrote a personal staternent promoting their skills and qualities which they included in on vp to date CV. As part of the programme young people also registered with recruitment websites. searched ond applied for jobs online and. identified ways to improve interview skills and practiced answering interview que5tion5. After creating and printing copie5 of their CV young people identified businesse5 in Washington in which they would like gain employment. They were then supported by staff who took them out in the mini bus to hand deliver a copy of their CV. One young person was successful in gaining an apprenticeship in business administration and another gained part- time employment in a cafe. All members of the group where offered ongoing career information, advice and guidance from ODYPP.
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Trustees, Annual Report {Incorporallng the Dlrector's Report) {conlinued) Year ended 31 March 2025 From September 2024 - February 2025 eleven young people participated in a twenty week programme aimed at improving employability and life skills, raising aspirations and promoting positive progressions into further education. training or employment. Young people completed initial assessments in Maths ond English to ascertain their current abilities and to ensure that they are entered for functional skills qualifications at the level above in order to Stretch and challenge them. Young people met one-to-one with theirtutor to discus5 their career interests. if any. and any work experience they may have as well as their strengths and areas of development. These discussions alongside their Maths and English initial assessments helped to create Individual Learning Plans IILPs} for each learner. In December the young people hosted a Christmas party for thirty six elderly people. The group had made and hand delivered invitations to bungalows around Ayton Villoge. The guests enjoyed a three course meol as well as a Christmas themed quiz, games of bingo and a raffle. Funding from Washington Area Committee's Community Chest meant that the party was completely free of charge. All of the gue5t5 had o great time and thanked the group for all of their hard work. Nine young people completed the programme which included a week work experience placement. Work plocements took place in a wide variety of organisations including garages, a flooring company. cleaning company. key cutting business and a community centre. All of the young people received positive feedback from their placement supervisors. The work experience placements gave the young people the opportunity to spend time in a real working environment, finding out what the job entailed and what would be expected of them in an average week. On return to the training room the young people added their period of work experience to their Cvs. From the nine young people that completed the programme hvo progressed into further training, two into employment and one was making regular money from streaming online. In March 2025 0 further three young people who were actively seeking work started a six week programme aimed at progressing them into employment. All young people who participated in our programmes also completed emergency first aid sessions and received a Heartstart certificate accredited by the British Heart Foundation Hollday Actlvllles During the Easter holiday period we offered young people access to out of centre holiday activities including Treetop Golf. Homeside Adventure Park. Jump Giant trampoline park. Laser Quest, Air Troll High Ropes Course, Inflataspace and bowling at Hollywood Bowl. Young people from Washington East ward also participated in an interactive session at Safety Works. Activities included discussions ond tasks arovnd fire, water, rood and Metro safety. During the May-June half term school holiday period a group of young people enjoyed a visit to Whickham Thorns Outdoor Activity Centre where they tockled the high ropes course. played laser tag ond snow tubed. Other groups of young people visited Whitley Bay Ice Rink and Whitley Bay Football Golf Course. In the summer holidays we offered a varied and exciting programme of activities to young people across the five wards of Washington. Young people participated and enjoyed activities including poddle boarding at Hart5epool Marina, Laser Quest and swimming at South Shields, day trips to Beamish Open Air Museum, York Dungeon and a day trip to Flamingo Land. The trip to Flamingoland was particularly popular with sixty young peop5e braving the ride5 and enjoying the zoo. During the October holidays young people had great fun at The Strategy Escape Rooms, solving puzzles in an attempt to escape the room in the allocated timescale. other groups of young people enjoyed visit5 to Jump Giant Trampoline Park and Beamish Open Air Museum. In the Christmas holiday period we offered young people holiday activities
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report} (continued) Year ended 31 March 2025 including visits to Infinite Air trampoline park and Bowling. In February half term young people participated in a range of out of centre activities including visits to Infinite Air trampoline park, Tree Top Golf. The Strategy Escape Room, Laser Quest and a pantomime at Springwell Village Community Venue. All young people that participated in activities enjoyed their experience and are keen to take part in future octivities within and outside of their youth clubs. The Feeding Brilain Programme Funding from Washington Area Committee and the Feeding Britain Programme also allowed us to run extra activity se55ions during the summer holiday period. Young people participated in arts and crafts activities including tie dying, painting and bracelet making as well as vislts from a mobile petting zoo where they held a range of different snakes and an owl. All young people who participated in the programme also enjoyed o meal and a drink. Good Vibes The Good Vibes Project has continued to support young people from Woshington through one- to-one counselling sessions within our youth centres. The service continues to offer counselling sessions foryoung people without a waiting list. The counselling service hos been well promoted through youth clubs. outreach youth work. on our Facebook page. in local schools and through NHS Social Prescribers. Our Good Vibes youth clubs have continued to give young people aged 10-19 access to centre based youth clubs where they can participate in a range of activities, socialise and receive information, advice and guidance from qualified youth workers. Youth clubs take place every week at The Pitstop. Ayton Community Centre, Oxclose Community Academy and Sulgrave Centre. All of the youth club5 are well attended by young people from across the five wards of Washington. Fun with Finance ODYPP hove continued to work in partnership with Shiney Advice and Resource Project ISHaRPI to deliver Fun with Finance sessions to young people. Sessions are aimed at helping young people to be more financially aware and resilient and focus on topics such as budgeting. essential and non-essential spending, gambling and illegal money lending. Fun with Finance sessions have been delivered in ouryouth club5 and as part of the programme young people plan and budget for an activity of their choice. Activities enjoyed by the young people have included trips to Jump Giant trampoline park, bowling. escape rooms and meals. In tofal twenty eight young people completed the Fun with Finance Programme from April 2024-25. Washlngton Youth Councll Washington Youth Council had another successful year working towards their aims of representing young people living in Washington, giving young people a voice and promoting P051tive images of young people. In June 2024 members of the youth council teamed up with some members of staff from Asda Washington and Keep Washington Tidy to carry out a litter pick in Albany Park as part of the Big Help Out. In August Washington Youth Council hosted their annual family fun day in celebration of International Youth Day. The event was a great success with over four hundred people of all ages attending and enjoying the free activities which included an inflatable assault course, rodeo bull, face painters, a football speed cage,
Oxclose and District Young Peoples Project Limited Company Llmited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (continued) Year ended 31 March 2025 petting zoo and wipe out zone. As part of the fun day a bake sale was held to raise funds for the Teenage Cancer Trust. Cakes. scones and other baked goods were donated by local shops and cafes as well a5 local people, family members and friends which resulted in £450 being raised. In December Washington Youth Council made an appeal for donations of pamper products which they used to creote hampers for the women living in WWIN refuges over the Christmas period. The group were aware that women who have fled domestic violence often leave their home with little or no possessions and are likely to spend any money that they have to provide Christmas presents for their children. Washington Youth Council wanted to help the women to have something for themselves that they could enjoy over the festive period. The group had a fantastic response from the public and were supported by Columbia Community Association who offered to use their building as a drop-off point. The week before Christmas members of Washington Youth Council delivered large boxes full of pamper products including bubble baths and shower gels. bath bombs and face packs. Some female members of the group went along to the WWIN refuge in Washington to deliver the products to the delighted staff. In Januory 2025 Washington Youth Council met with MP Sharon Hodgeson to talk about the impact of youth work, what it feels like as a young person living in Washington and what they think that Washington needs to improve for local young people. The group enjoyed the informal chat and the opportunity to represent local young people. In March members of the group participated in another litter pick with Keep Washington Tidy. This time the group litter picked around Glebe Pork collecting numerous bogs of rubbish and shopping trolleys which were reported by Keep Washington Tidy. Strategic report The following Sections for achievements and performance and financial review form the strategic report of the charity. Financiol review The financial results for the charity are detailed in the annexed Statement of Financial Activities and Balance Sheet together with the related notes. The net surplus on incoming resources for the year amounted to £5,09712024 deficit £51,491 }. The surplus attributable to general reserves stands at £5,09712024 deficit £51.491 l and the surplus relating to restricted reseNes stands at nil12024 nill. The charity continues to rely on short term grant funding to carry out it5 activities. Reserves pollcy Unrestricted funds amount to £397.09612024: £391,999) but, of this the freely available balance Stand5 much lower ot approximately £127,096 12024: £173,489) since there are designated funds of £270k12024 £270kl. The designations include a Redundancy Fund of £70k12024 £70kl, a Replacement Van/Minibus Fund of £40k12024 £75kl, a Building Refurbishment Fund of £70k 12024 £70kl and a Youth Work/Education Fund of £90K12024 nill. The trustees have determined that the minimum level of free reseNes to be held. which are not invested in tangible fixed asset5, should v5ually be the equivalent of six months expenditure. approximately £120k.
Oxclose and District Yovng Peoples Project Limited Company Limited by Guarantee Trusfees, Annual Report (Incorporating the Director's Report) (contlnuedj Year ended 31 March 2025 Pluns foi lulvre periods The Work Plan for 2025- 2026 15 to ensure continued improvemenl of ODYPP ond the 5eivices il offers. The Irustee5' onnual report and Ihe slrategic report were approved on 18 December 2025 and signed on behalf of the board of Irustees by.. e5 Chairperson MrDI Truslee son (Treosureil
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Independent Examlner's Report to the Trustees of Oxclose and Dlstrict Young Peoples Project Limited (conlinued) Year ended 31 March 2025 I report to the trustees on my examination of the financial statement5 of Oxclose and District Young Peoples Project Limited I'the charity'l for the year ended 31 March 2025. Responsibillties and basls of report As the trustees of the company land also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having sat15fied 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 the charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Ac*'l. In carrying out my examination I hove followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examiner's statement 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: accounting records were not kept in respect of the charify as required by section 386 of the 2006 Act. or the financial statements do not accord with those records. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the account5 give a 'true and fair, view which is not a motter considered as part of an independent examination.. or the financial statements 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 opplicable in the UK and Repvblic of Ireland IFRS 1021. I have no concerns and have come across no other molters 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. C Smith Independent Examiner 5 Mcmillan Close Saltwell Business Park Low Fell Tyne & Wear NE9 5BF
Oxclose and District Young Peoples Project Limited Company Llmlted by Guarantee statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Unrestricted Restricted funds funds Total funds Total funds 2024 Note Income and endowments Donations and legacies Investment income 58,603 133.198 191,801 211,095 137 Total Income 58,603 133,198 191,801 211.232 Expendllvre Expenditure on charitable activitie5 53,506 133.198 186.704 262,723 Tolal expenditure 53,506 172.080 186.704 262,723 Net income/(expenditure} and net movement in funds 5,097 5.097 151,4911 Reconclllallon of funds Total funds brought forward Total funds carried forward 391.999 391.999 443.490 397,096 397.096 391 .999 The statement of financial activities includes all gain5 and losses recognised in the year. All income and expenditure derive from continuing activities. The noles on pages 1110 18 form part ol these flnanclal statements.
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Current assets Debtors Cash at bank and in hand Note 13 4,682 394.642 1.546 392,681 399,324 394.227 Creditors: amount5 falling due wlthin one year Net current assets Total assels less current liabillties Net assets 14 2.228 2.228 397.096 391.999 397.096 391,999 397,096 397,999 Funds ofthe charity Restricted funds Unrestricted fund5 Total charlty lunds 397.096 391,999 16 397.096 391.999 For the year ending 31 March 2025 the charity wa5 enfilled to exemption from oudil under section 477 of the Companies Act 2006 relating to small componies. Direcfors, re5pon5ibilitie5.. The members hove not required the company to obtain on audit of its financial statement5 for the year in question in accordance with section 476: The directors acknowledge Iheir responsibilities for complying with the requirements of the Act with respect to accounting records ond the preparation of financial Statements. These financial statements have been prepared in accordance with the provision5 applicable to componies subject to the small companies, regime. These financial stalements were approved by the board of trustees and authori5ed for issue on 18 December 2025. and are signed on behalf of the board by: orkes Chairper50n MrD Trust John on ITre05urerl The notes on pages I I to 18 form part of these finoncial statements.
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from operaling activities Net incomellexpenditurel 5,097 151,4911 Adjustments for." other interest receivable and similar income Accrued income 11371 13,5801 Changes in.. Trade and other debtors Trade and other creditors 444 11 ,0471 115,2891 167,9641 Cash generated from operations 1,961 Interest received 137 Net cash fromllused inl operating activities 1.961 167.8271 Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginnlng of year Cash and cash equivalents at end of year 1,961 392,681 167,8271 460.508 394,642 392.681 The notes on page5 1 I to 18 form part of these flnanclal statements. 10
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Notes to the Financlal Statements (continued) Year ended 31 March 2025 General Informallon The charity is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered chority in England and Wales. The address of the registered office is Ayton Centre. Dunlin Drive, Ayton, Washington, Tyne & Wear. NE38 OEB. statement ol compliance These financial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 IFRS 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting policies Basls of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the temis of an appeal. and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Notes to the Financial Statements (COnnUed) Year ended 31 March 2025 to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recogni5ed with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resovrces expended Expenditure is recognised on an accrua15 basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities. events. non-charitable trading activities, and the sale of donated goods. expenditure on charitable activitie5 includes all costs incurred by o charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support cost5 and costs relating to the governance of the charity apportioned to charitable activities. other expenditure include5 all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity ale allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible a55els Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the foir value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses. unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recogni5ed gains and1055es. except to which it offsets any previous revaluation gain, 12
Oxclose and District Young Peoples Project Limlted Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 in which case the105s is shown within other recognised gains and losses on the stafement of financial activities. Deprecialion Depreciation is calculated so as to write off the cost orvaluation of an asset, less its residua5 value, over the useful economic life of that osset as follows: Plant and machinery Fixtures and fittings Motor vehicles Written off in full in year of purchase Written off in full in year of purchase Written off in full in year of purchase Impairment of lixed assels A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the osset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing. when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generoting unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflow5 from other asset5 or groups of assets. For impairment testing of goodwill. the goodwill acquired in a business combination is. from the acquisition date. allocated to each of the cash-generating units that ore expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are a55igned to those units. Flnanclal Instruments A financial asset or a financial liability 15 recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivoble or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can othewise be measured reliably. the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. other financial instruments. including derivatives, are initially recognised ot fair value, unle55 payment for on osset 15 deferred beyond normal busine55 terms or financed at a rate of interest that is not a market rate. in which case the asset is measured at the present 13
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2025 value of the future payments discounted at a market rate of interest for a similar debt instrument. other financial instruments ore subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial a55ets that are measured at cost or amortised c05t are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial a55ets that are individually significant. these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee The company is limited by guarantee, not having a share capital and consequently the liability of members is limited. subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1. 14
Oxclose and District Young Peoples Project Limited Company Limlted by Guarantee Notes to the Financial Statements (conllnued) Year ended 31 March 2025 Donatlons and legacies Unrestricted Restricted Tolal Funds Funds Funds 2025 Donatlons Donations Room hire 15.048 15,048 Grants Springboard Sunderland All Together Consortium Sunderland City Council Sharp - Money Matters other small grants 36,970 51.911 80,185 88.881 80,185 6.585 1,102 6,585 1,102 58,603 133.198 191.801 Unrestricted Restricted Totol Funds Funds Funds 2024 Donalions Donations Room hire 1,020 6,907 1,020 6.907 Granls Springboard Sunderfand All Together Consortium Sunderfand City Council Sharp - Money Matters other small grants 21,309 15,738 21,309 92.083 42,007 11.268 36,501 76,345 42,007 11,268 25,479 11.022 55.996 155,099 211,095 Investment income Unrestricted Total Funds Unrestricted Total Fund5 Funds 2025 Funds 2024 ank interest receivable 137 137 Expendllure on charftable aclivltles by fund type Unrestricted Restricted Total Funds Fund5 Funds 2025 Direct costs Support costs 29.715 103,483 29.715 156,989 53,506 53,506 133,198 186,704 15
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2025 Unrestricted Restricted Total Funds Funds Funds 2024 Direct costs Support costs 2,588 105.036 23.502 131,597 26.090 236.633 107.624 155,099 262,723 Expenditure on charitable activilies by activity type Activities undertaken directly Support Total fvnds Total fund costs 2025 2024 Charitable activities 29,715 156.989 186,704 262.723 Independent examlnation fees 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial statements 2,340 1,950 10. Slaff costs The total staff costs and employee benefits for the reporting period are analysed as follows= 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 101.982 2.658 2.790 172,112 7.604 8.400 107,430 188.116 The average head count of employees during the year was 912024: 81. No employee received employee benefits of more than £60.000 during the year12024: Nill- 11. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 16
Oxclose and District Young Peoples Project Limited Company Llmlted by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2025 12. Tangible fixed assets Plant and Fixtures ond machinery fittings Motor vehicles Total Cost Al l April 2024 and 31 March 2025 Depreclallon At l April 2024 and 31 March 2025 Carying amount At 31 March 2025 18,795 12,917 28.794 60.506 18,795 12.917 28,794 60,506 At 31 March 2024 13. Deblors 2025 2024 Prepayments and occrued income 4.681 1 ,546 14. Credilors: amounts falling due within one year 2025 2024 Accruals and deferred income other creditors 2,340 11121 2.228 2.340 11121 2,228 15. Penslons and olher post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2.79012024: £8,400). 17
Oxclose and District Young Peoples Project Limlted Company Limited by Guarantee Notes to the Flnanclal Statements (conlinued) Year ended 31 March 2025 16. Analysis of charitable funds Unrestricted funds At 31 March 20 25 At l April 2024 Income Expenditure General funds 391,999 58.603 153,5061 397.906 At 31 March 20 24 At l April 2023 Income Expenditure General funds 443.490 56,133 1107,6241 391.999 Restrlcted funds At 31 March 20 25 At l April 2024 Income Expenditure Restricted Funds 133.198 1133,1981 At 31 March 20 24 At l April 2023 Income Expenditure Restricted Funds 155.099 1155,0991 17. Analysls of changes In net debl At At l Apr 2024 Cash flows 31 Mar 2025 Cash ot bank and in hand 392,681 1.961 394.642 18
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Management Informatlon Year ended 31 March 2025 The followlng pages do not lorm part of the Ilnanclal statements. 19
Oxclose and District Young Peoples Project Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2025 2025 2024 Incorne and endowments Donations and legacies Donations Room hire Springboard Sunderland All Together Consortium Sunderland City Council Sharp - Money Matters other small grants 1 ,020 6,907 21,309 92,083 42.007 11,268 36.501 15.048 88.881 80,185 6.585 1,102 191,801 211,095 Investment income Bank interest receivable 137 Total Income 191.801 211,232 Expendlture Expenditure on charitable activities Wages and salaries Employer's NIC Pension costs Rates and water Light and heat Repairs and maintenance Insurance Training and governance Motor vehicle expenses Legal and professional fees Telephone other office costs Education costs Activity costs 101,982 2,658 2.790 1.080 5,333 35.173 1.884 343 3,084 2.136 491 35 6,267 23.448 172,112 7.604 8,400 1 .399 6,287 32.411 1,316 3,952 2.570 567 2,588 23.502 186.704 262.723 Total expendlture 186,704 262,723 Nel Income/(expendlture) 5.097 {51.4911 20
Oxc105e and District Young Peoples Project Limited Company Limited by Guarantee Notes to the Detailed Statement of Financial Actlvltles Year ended 31 March 2025 2025 2024 Expendllure on charltable actlvitles Activities undertaken directly Education costs Activity costs 6.267 23,448 2,588 23,502 29,715 26,090 Support costs Wageslsalaries Employer's NIC Pension costs Rates & water Light & heat Establishment costs Insurance Training and governance Motor and travel costs Legal and professional fees Telephone Office c05tS 101,982 2,658 2,790 1.080 5,333 35,173 1,884 343 3,084 2,136 491 35 172,112 7,604 8.400 1,399 6.287 32,411 1.316 3.952 2,570 567 156,989 236.633 Expenditure on charltable actlvltles 186,704 262,723 21