COMPANY REGISTRATION NUMBER: 4589000 CHARITY REGISTRATION NUMBER: 1098708 The Box Youth And Community Project Ltd Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 TREMAINE Chartered accounlants 19 Tremaine Close Hartlepool TS27 3LE
The Box Youth And Community Project Ltd Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page TrLtstees' 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 10 statement of cash flows 11 Notes to the financial statements 12
The Box Youth And Community Project Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The Iruslees, who are also the directors the puiposes of company law, present their reptsrt and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and administrative details RegiSted charity name The Box Youth And Community Project Ltd Charity registration number 1098708 Company registration number 4589000 Principal office and registered Hal Farm Road offlce Hall F8rm Sunderfand SR3 2UY The tnrstees A Bell J E8s18ugh N V Merritt Company secretary N Merritt Independent exarniner Julie Todd Tremalne Chartered Certllied Accountsnl 19 Trefnaine Ck)se Hartlepool TS27 3LE Stru¢turei goveman¢e and managemgnt The organisalion is a ¢haritsble company limited by guarantee registeTed as a charity on 23 July 2003 and incorporated on 13 November 2002. On 11 May 2018 the charitable Gompany changed its name from 'The Box Youth Proiect. to"The Box YoLrth and Community Project Ltd". The company was established under a Nllemorandum of Association which established the objects and powers of the tharitable company and is governed under its Atti¢S of Association. Under those Activllies. the mernbers of the Management Committee are elected at the Annual General Meeting to serve a period of one year, subject to ratification al each Annual General Meeting.
The Box Youth And Community Project Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contsDuedl Year ended 31 March 2024 Structure* govemance and management fcontlhuedl How trustees are made aware of policies and Procedures The board of trustees seeks lo recruil individuals whose experience can add value lo the organisation. The majority of the TTUStees will be familiar with the work of the org8nisation, having been Involved in a voluntary Capacrty or as a carer of the mary young people who arelhave been involved with The Box Youth and Community Project Ltd. All prospective Trustees are provlded information rel8tlng to the background and aims of thè organisation and the expectations that will be placed upon trern as Tru51ees. They are encouraged to meet with the Chair and Man8ger prior to the Annual General Meeting lo dbS¢USS any queries they rnay have. Following election at the AGM, 811 new twslees ar& required lo participate in an induction session al which they are made aware of their roles aiid responsibilities as Trustees of a Charity. They are also informed of the organi5alion's policies 8nd procedures. Ml Trustees are issued with ¥ file Gontaining copies of the Artides Df Memorandum, operational policies and procedures. the Annual Return and a checklist of their reponsibilities. Throughout the year Trustees are encouraged lo particlpate in variws training opportunites lo enhance their knowledge and understanding and equip them lo cary out their roles effectively. Objective5 and activities To provide for the benefit of the communty in the electoral wards of Sunderland South {hereinafter referred lo as the Area of Benefit) opportunities for children, young people and members of the wder community to engage in tecreational activities and information educational programmes that 1]1 enable them io achieve tr) their full potential. relate better to each other and to the community in which they live, with the objecl of improving thoir qualily of life. Public beneflt statement The trustees have had regard lo the charlty commission guidance on their Segal dlty on public benefit, and are satisfied that the charity delivers public benefil, and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake. Strategic report The followlng secilons for achlevements and performance and financlal revlew form the slrateglc report of the charity.
The Box Youth And Community Project Ltd Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Iwnilniteflj Year ended 31 March 2024 Achievemgnts and perforniance Revi8w of development, activities and achievement We have had an extremely busy yearl. {11 Our programmes of work with children and young people h8ve engaged 423 local children and young people across the following programmes of work: Afterschool acliwlies14 nighlslweek) School holiday aclimty PTogrammes112 weekslyearl Over the year we have delNered 181 activlty sessions duTing schoDI holiday periods. Senior youth club session5 Junior youth club sessions Young Volunteers Project GorKI Vibes Gounselling Project lin partnership with Sunderland All Together Con50rtiUTnl Social action PTojects lin partnorship wth The Keyl Arts workshops lin partnership with Cultural Springl Prolecl Gambia (overseas volunteering opportunilips for young people) {21 Our programmes of work with adulls who have learning disabilities has provided support, leisure and leaming opportunities for 78 people. We have delivered: Volunteering opportunities. 3 volunteers have supported the delivery of our Lend a Hand Project 12574 hours over the yearll Friends Together- bNi¢e weekly sociallactivity sessions Stepping Oui - weekly excursions lo local places of interest that encourage participants to slay active and eat healthily {31 Our work within the community has continued to develop and expand, focussing upon hgentified local need. 16 local adult volunteers have been involved in the delivery of the following serviceslactivities- Lend 8 Hand Service providing Practical support around the home and garden for elderly and vulnerable residents14 dayslweekl Dinner lo Door Service providing elderfy and housebound residents with a nutritious home cook8d meaS13 dayslweekl East Rangers Project., involving local residents in weekly opportunities lo keep their communily ¢lean and attractive {1 daylweekl Go Online Proiecl., supportinu local residents lo develop IT skills and become more digitally aware 13 drop-in sessionslweek} Weekly Community Lunch (25-30 resldenls attend each w8ekl Comrrunity Pantry svpporting families on low incomes Warm Space activities supporting residenis who are socially isolated or struggling th the increased cost of living" Art workshops lin partnership with Cultural Springl 141 Wvilh financial Support from Sunderland City Council. the Youth Investment Fund and Gentoo. we have made sign1ficant improvemen15 to the f8bric of our buildlng this year, fulureproofinglt for years to come. Improvements that have been undertaken indude the installation of a new, more efficient central healing system, inslallalion of a new roof. inslallalion of solar panels. cavity wall insulation. loft insulation, and new entrance and fire doors.
The Box Youth And Community Project Ltd Company Llmlted by Guarant8e Trustees, Annual Report (Incorporatlng the Dlrectorfs Report) (continued) Year ended 31 March 2024 Achievement5 and performance {contlJ7uedJ nks to other charities- TBYGP is a member of the Sunderland All Together Consortium. Membership is drawn from 7 ctsmmvnity based youth work charities from across Sunderland. TBYCP is a memtrEr Df the The Key and over the course of the year 9 diffenI youth groups have completed enlerprisp andlor social action projects with support from The Key. TBYCP 18 affillaled lo Slreetyames UK and has deliveTed a number of sports and wellbeino activities for children and young people Ihroughoul the year. TBYCP is also an active member of the East Area Voluntary Sector Partnership and works wth a numbeT of other local charities and community groups in the East of ihe City to deliver a varied programme of community work initiatives that include Go Online, East Rangers, & Youth Work 8otivibes. TBYCP has been established as a Digital Health Hub and an E-sports Hub for the East Area. The building has been supported by the City of SLÈnderland Council to replacelupgrade all IT equipment and improve conneclivily to the internel. TBYCP also works wth several other locally based charitles to meet the needs of indlviduals and families. We regularly signpost residents to olhef VCS organisalions across the City and our premises are used by other charities lo provide outreach services
The Box Youth And Community Project Ltd Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {contitsuedl Year ended 31 March 2024 Financial review The slalemenl of finanaal activities show a surplus for the year of £72.150 12023 £6,580), the significant increase is due lo the purchase of tangible fixed assets lunded by both unrestricted and reslrtcted funds. Fixed 85sets of a capital nature purchased in the year amounted lo £112,355,'12023-£64,0131. It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charily, at a level which equates to approximately four lo eight months unreslricled expendllure. Th15 provide5 sufficient funds to cover management and admlnislration and support costs and to respond to emergen(Mes. The unrestricted reserves of the charity (excluding designated funds) 8131 March 2024 amounted to £210.161- 12023 - £123.5501 of whlch free reserves, li.e. those not tied up in fixed assets and designated funds} amounted lo £38,672',{2023- £55.7481. The trustees actively review the n7ajor risks which the charity face on a regular b8$5 and believe that maintaining our free reserves al Ihe levels staled above, will provide sufficient resources in the event of aéverse conditions. The trustees have reviewed the free reserves and consider that the followng funds should be Sel aslde and designated lo.. redundancy reserve funding - £16,000 contingency reserve- £150,000 Vehic replacement- £10,000 The trustees Consider that the ¢tIng9nCY reserve of £150,000 is sufficient to Gover support costs, management and admini51ralion and lo respond lo emergency applications for grants which arise from lime lo lime. Reserves are vital lo ensure that the organisalion h85 Ihtt Capacity lo find alternative funding and support the organisations obligations when funding is paid in arrears pending defrayment of expen(JittJre, settlement of such costs Can Tange from 110 3 months before pa5ment is received_
The Box Youth And Community Project Ltd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (cot7tirtu6d) Year ended 31 March 2024 Financial review {contlnu8dl Reserves policy The management committee have established a policy whereby the unrestricted funds. not cornmitted or invested in tangible fixed assets, held at the charity, should be not more than 12 months of the resources expended. At this level, the management commhtee feel that they would be able to continue the current 8¢1ivilies in the event of a significant drop in funding. 11 would obviously be nesSary to consider how the funding would be replaced. or activSites changed. Risk review The Board of Trustees has reviewed the major risks, to which the ¢h8rily is exposed and continue lo monitor the arrangements and systems in pla to rnitigate those risks. Investment pollcy The management cornfflittee h8ve the power lo invest any funds not immediately required for its objects, to obtsin maximum profitability- The extent of unpald volunteers All Iru8lees offer their 11rn8 to the organisalion in a voluntary Capacity and do nol receive remun8raton for their contribution. The organisatlon also encourages young people lo undertake voluntary work within the organisalion lo develop their skills and employability. The young people do not receive payTnenl for their efforts but may be Telunded travel expenses on production of receipt5. The trustees, annua1 report and the strategic report were approved on 26 September 2024 and signed on behalf of the board of Iruslees by.. A Bell Trustee
The Box Youth And Community Project Ltd Company Limited by Guarantee Independent Examiner's Report to the Trustees of The Box Youth And Community Project Ltd Year ended 31 March 2024 report to the trustees on my examination of the financial slalements of The Box Youth And Cunmunily Project Ltd {'Ihe charity) for the year ended 31 March 2024. Responsibilities and basis of report A5 the Iru51ees of the company land also its directors for the purposes of company law} you are responsible foT the preparation of the financial statements in accordance th the requirements of th8 Comp8nles Act 2006 Ilhe 2006 Acl'l. H8ving satisfied myself that the accounts of the cornpany 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 ¢harity's accounts as carried out under section 145 of the Gharities Act 2011 I'lhe 2011 Act'l. In carrwng out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 201 l Act. Independent examiner'5 5tatemÈnt Since the charity's gross income exceeded £250,000 ywr exarniner must be a member of a body lisled in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in ci)nnection with the examination giving me cause lo believe-. 8CCOUntlng records were not kept In respect of the ch8dty as requId by secllon 386 of the 2006 Act: or the finanual statements do not accord Mth those records.. or Ihe financial statements do not comply with the accounting requirements of secli(Kl 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fairf view which is not a matter con51dered as part ot an independent examination., or the financial slalemanls hav& not been prepared in a¢¢ordan¢e with the methods and principles of the Statement of Recornmended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard appllcable in the UK and Republie of Ireland IFRS 1021.
The Box Youth And Community Project Ltd Company Limited by Guarantee Independent Examiner's Report to the Trustees of The Box Youth And Community Project Ltd (conlinuedj Year ended 31 March 2024 I have no ¢oncems and have come across no other matters in connection with the examination to which attention should be drawn this repc¥t in order to enable a prop&r understanding of the account5 to be reached. Julie Tod Tremaine, hartered Cert'fied Accountant Independent Examiner 19 fr2rnaine Close Hartlepool TS27 3LE 27 Septernber 2024
The Box Youth And Community Project Ltd Company Limited by Guarantee Statement of Financial Activities (Including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowfflent5 Donations and legacies Charitable aclivityes Investment incoTne Other income 50,583 58,911 4,252 3.000 241,407 291,990 58.911 4.252 3,000 290,053 13,570 2,242 Total income 116,746 241,4D7 358,153 305,865 Expenditure Expenditure on charitable 8ctivilie8 Total expenditure 84,949 201,054 286,IM)3 299,285 84,949 201,054 286.003 299,285 Net income 31,797 40,353 72.150 6,580 Transfers between funds 50.344 150,3441 Net movement in funds 82,141 19,991 } 72,150 6,580 Reconciliation of funds Total funds brought forwartj Total fund$ ¢arried fonvard 304,020 21.594 325,614 319.034 386,161 11.603 397.764 325,614 The statement of financial actiwties includes all gains and losses reGognised in the year. All income and expenditure derive from continuing activibes. The notes on pages 12 to 24 fr*Tm part of these financlal statemonts.
The Box Youth And Cornmunity Project Ltd Company Limited by Guarantee Slatement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible flxed assets 13 174,657 76,504 Curvent assets Debtors Cash at bank and in hand 14 24,920 204,239 229,159 68.139 185.441 253.680 Creditors: amounts falling rlue withln one year Not current assets 15 6,052 223.107 397,764 4.470 249.110 325.614 Total assels less ¢urrent Ilabllltles Net assets 397.764 325.614 Funds of the charity Restrlcted funds Unrestricted funds 11,603 386,161 21.594 304,020 325,614 Total charlty funds 17 397.764 For the year ending 31 March 2024 the charity was entitled lo exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Dire¢lors' responsibilille5-. rhe members have not required the company lo obtsin an audit of its financlal statements for tre year in question in accordance section 476,. The directors acknowledge their responsibililies for complying wlih the requlremenls of the Act wikn respect to accounting Tecords and the Preparation of financial slalemenls. These financial statements have been prepare(f In accordarte with the provisions applicable to companie5 subject to the small companies. regime. These financial slalements were approved by the board of trustees and authoris&d foT issue on 26 September 2024. and are signed on behalf of the board b. A Bell Tnjstee The notes on pages 12 to 24 fonn part of these flnancial statement8. 10
The Box Youth And Community Project Ltd Company Llmlted by Guarantee Slatement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flow5 from operating activities Net Income 72,150 6,580 Adiuslm&nts for.. Oepreciation of tangible fixed assets Other inleresl receivable and similar income Gains on disposal of tangible fixed assets Accrued expensesl(incomel 14,202 14.2521 13,0001 7,201 3,450 12,2421 11,3151 Changes in." Trade and other debtors Trade and olheT creditors 36,018 1,582 123,901 (35,136} 466 Cash generated frorn operations 128.1971 Interest received 4,252 2.242 125,9551 Net cash Iromllused inl operating acliwties 128,153 Cash flows from investing activities Purchase of tangible assets Procegds from sale of tangible assets Nel cash used in investing activllles 1112,3551 3,000 1109.3551 (64,0131 164,013} Net Increasel(de¢reasel In cash and cash equlvalents Cash ad cash equivalents at beginning of year Cash 2nd Cash equivalents at end of year 18,798 185,441 204.239 189.968) 275,409 185,441 The note$ on pages 12 to 24 form part of these financial statements. 11
The Box Youth And Community Project Ltd Company Llmlted by Guarantee Notes to the Flnanclal Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee, gIstered In England and Wales and a registered charity in England and Wales. The address of the registered office is Hall Farrn Road. Hall Farm. Sunderland, SR3 2UY. Statement of compllance These financial slalements 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 accordan¢e with the Finaiicial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {Charitie5 SORP IFRS 10211 and the Companies Act 2006. AcGountlng poll¢les Basi5 of preparation The financtal slalements have been prepared on the historical Gosl basis, as modified by the fevaluation of certain financial assets and liabilities and investment woperties measured at fair value through income or expendilure. The financial statements are prepar8d In sterling, which Is the funcllonal currency of the ent6ty. Going concern There are no material uncertainties about the charity's atylily lo ntInue. Judgements and key Sour of estlmatlon uncertalnty The preparation of the financial statements requires m8n8gement lo make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements re continually reviewed and are based on exp&rience and other factors, including expeclaliolls ol future events that are believed to be reasonable under the (xrcumstsnces. Fund accounting Unrestricted funds are available for use al the discretson of the trustees lo further any of the charit5ls purposes. Designated funds are unrestricted funds earmarked by the trustees fof particular fulure project ( commitment. ReslriclÈd funds are subjected to restridions on their expenditure declared by the donor c through the lertns of an appeal, and fall into one of two sub-classes.. rÈslricted income funds or endowrnenl funds. 12
The Box Youth And Community Project Ltd Company Limited by Guarantee Notes to the Financial Statements (conttnu& Year ended 31 March 2024 Accounting policies (GoniTnue Incoming resources All incoming ro50urces are included in the slatenient of financial actniilies when enlillemenl has P8ssed lo the charity, il is probable that the economic benefits associated with the transaction will ow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income- income from don81ions or grants is recognised when there is eviden of enliuement to the gift. receipt is probable and ils am¢JJnl can be measured reliably. legacy income is reco9nised when receipt is probable and enlitlernent is established. income from donated good5 is measured at the lair v8lu8 of the goods unS this is irnpraclical lo measure reliabty, in which case the value is derived from the cost lo the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received rf the value can be reliably me88ured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised wlh the delivery of the contracted service. This is classified as unrestricted funds unless there 15 8 conlractual requirement lor il lo be Spent on a part5'cul2r purpose and relumed if unspent, in which case il may be regarded as restricted. Resources axpended Expenditure 15 recognised on an accruals basis ag a li8bility Is Incurred. Expenditure includes any VAT which Cannot be fully recovered, and is classified uNder headings of the slslement of financial acliiritses to which il relates- expenditure on raising funds includes the cos15 of all fundraising actiwties, events, non- charitable Irathng acliiilies, and the saSe of donated goods. expendllure on charitsble activities includes all Costs Incurred by a d)8rily in undertaking adiwties that further ils chariiable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the govemance of the charity apportioned to ch8ritable activities. other expenditure includes all expenditure that is neither relaled to raising funds for the charity nor part of 115 expenditure on charitable activities. AJI costs are allocated lo expenditure categories reflecting the use of the resour. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared Costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets Tanglble assets are 5niO811y recorded al cost, and subsequently stated al cosi less any accumulated deprecialion and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impainnenl losses. 13
The Box Youth And Community Project Ltd Cornpany Limited by Guarantee Motes to the Financial Statements {¢oJ¥linued) Year ended 31 March 2024 Accounting policies (conllnueilj Tangible assets (conllnuedl An increase in the carryng 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 h8s prevtousty been recognised as expendlture Mthin the statement of financial aclivrties. A decrease in the carrying amount of an asset as a result of revaluation, is re¢ognised in other recognised gains and losses, except to which il offsets any previous revaluation ggin. in which case the loss is shown within other rocognlsed gains end losses on the statement of financlal activities. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset. less ils residual alue, over the US1 economic life of that asset as follows.. Long leasehold property Motor vehicles Equipment 4 /0 straight line 3310 slr8ighl line 33¥0 slraighl sine Impalrment of fixed assets A rewew for indicators of impaimenl is carrted out 8t 88¢h reporting d8te, with the recoverable amount being estimated where such Sndlcalor5 exist. Where the carryiiig value exceeds the recoverable amount, the asset is impairgd accordinoly. Prior impairments are also reviewed for POS5ible reversal 81 each reporting date. For the purposes of impairment lesfing, en it is not possible to estimate the recoverable amount ol an individu81 asset, an estimate is rnade of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generating unit is the smallest idenbfiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwlll, the 9oodwll acquired in a business combination is, from the acquisition dale, allocated to ea¢h of the cash-generating units that are exp6¢led to ben8fil from the synergies of U)e combinakn'on, irrespective of whether other assets or liabilities of the charity are assigned lo those units. Flnanclal Instruments A financial asset or 8 financial liability is recognised only when the charity beccffies a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the arrounl receivable or payable including any related Ir8nsaction costs. Current assets and current liabilit$ 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. 14
The Box Youth And Communlty Project Ltd Company Limited by Guarantee Notes to the Financial Statements {contlnued) Year ended 31 March 2024 Accountlng policies (Gontlnued? Financial instruments (¢ontlntredJ Where investments in shares are publicly traded or their fair value can olhemse be measured reliably, the invgstment is subsequently measured al falr value changes in fair value recognised in income and expenditure. All other such iniiestments are subsequenuy measured at cost less impairment. other financial inStrUmets. including derivalwes, are initially recognised at fair value. unless payment for an asset is (Seferred beyond normal busines5 term5 or financed 81 a r81e of interest that is not a market rate, in which case the asset is measured 8t the present value of the fulure payments discounted al a market rale of interest for a similar debt instrument. Other financial insliumenls are subsequenlly measured al falr value, with any changes recognised in the statement of financial 8clivilies, with the exception of hedging instruments in a designatgd hedging r81ationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impaimenl al the end of each reporting date. If Ihefe is objective evidence of irnpairment. an impairment loss is recognised under the appropriate heading in the statement of financial actimlies in which the init181 gain wa5 recognised. For all equity instruments regardless of significance, and other finanual assets that are indimdually signific8nl, these are assessed individually lor imp8irment. Other financial assets 8re ellher assessed individually or grouped on the basis of similar credit risk characterisllcs. Any reversals of impairment are recognised immediately, to the extent that the reversal does not re5uII in a carrying amount of the financial asset that exceeds wh8t the caryng arnounl would have been had the impairment not previously been re¢ogni8ed. Deflned contribution plans Contributions to defined ¢ontribution plans are recognised as 8n expense in the period in which the related Servi is provided. Prepaid contributlolls are recognised as an assel lo the extent Ihat the prepayment will lead lo a reduction in future payments or a cash fund. When contributions are not expected lo be settled wholly within 12 months of the end of the reporting dats in which the employees render the related seivice. the liability is measured on a discounted present value basis. The unwinding of the discount is re¢ognis8d as an expense in the period in which it arises. Llmlted by guarantee The charitable company is limited by guarantee in that every member undertakes to conlributg such 2mounls as may be required in the event of the chari1ae company being wound up, for the payments of the debts, liabilities and the cost of winding up not exceeding £1 per member. 15
The Box Youth And Community Project Ltd Company Limlted by Guarantee Notes to the Financial Statements (contfnued) Year ended 31 March 2024 Donations and legacie5 UnTestricled Funds Restrlcled Total Funds Funds 2024 Donation3 Donations Fundraising Gifl sp8h1ve Crowd Funding 17.772 3,709 1.510 18.C103 17,772 3,709 1,510 18,003 Grants City of Sunderland Project Gambia Youth Investment Fund The Key SATC - Roseline Foundation Community Fovndalion Cultural Spring 156.139 63 50.670 156,139 63 50,670 9,589 14.845 18,190 1.500 9.589 14,845 18,190 1,500 50,583 241,407 291,990 Unrestri¢led Fvnds Restricted Total Funds Funds 2023 Donations Donations Mark8 & Spencer PLC 3.090 3.090 1,000 1.000 Grants City of Sunderland Project Gambia Cotllmunrty Renewal Fund Community Chest Gentoo The William Wales Memorsal Trust Awards For All Stieet Game5 The Key Community Foundation Community Foundation - Youth Work 209,313 33,925 7,994 1,309 8.856 4,960 8,363 2.986 209,313 33.925 7,994 1.309 8,856 4,960 8,363 2,986 1.248 2,250 4,759 1,248 2,250 4,759 4,338 285,71 S 290.053 16
The Box Youth And Community Project Ltd Company Limited by Guarantee Notes to the Flnancial Statemenls (Gontlnued) Year ended 31 March 2024 ChaTltable activitias Unrestricted Total Funds Unrestricted Totsl Funds Fuiids 2024 Funds 2023 Training income Programme incomelsubscrfplton & membership fees Room hire Recycling 1,141 1,141 57,455 1,063 393 57.455 1,063 393 12,249 180 12.249 180 58,911 58.911 13,570 13,570 Investmerrt InGome Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Interest Received 4,252 4,252 2.242 2.242 other incom& Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gain on disposal of tangible fixed assets held foT ch8Tity's own use 3,000 3.000 17
The Box Youth And Community Project Ltd Company Limlted by Guarantee Notes to the Flnancial Statements l¢onllnued) Year ended 31 hlarch 2024 Nel income Nel income is stated after ¢hargingllcreditingl'. 2024 2023 D¢pie¢ialion of tangible fixed assets Gains on disposal of tangible fixed assets 14.202 13,0001 11J. Independent examlnatlon fees 2024 2023 Fees payable lo the independent examiner for.. Independ6nt examin8lion of the financial ststements 600 11. Staff costs The total staff c0515 and employee benefits for th8 reporting period are analysed as follows- 2024 2023 Wages and salaries Social security costs Ernployer cDnlribulions to pension anS 167,449 7,584 4,627 159.851 6,611 3.958 179,660 170.420 The aver8ge head count of employe$s during the year was 1012023.. 111. The average number of lull-time equivalent employees during the year is analysed as follow8.. 2024 No. 2023 Charitable aclivtlies No employee received employee benefits of more than £60,000 during the year {2023.- Nill. 12. Trustee remuneratlon and expenses Nno remuneration or olher benefits from employm8nt with the charity or a related entity were received by the Iruslees. 18
The Box Youth And Community Project Ltd Company Limited by Guarantee Notes to the Financial Statements (continvEdy Year ended 31 March 2024 q3. Tangible fixed assets Long leasehold propety Motor vehlcle5 Equipment Total Cost At 1 April 2023 Additions Disposals At 31 March 2024 91,614 69,670 30,693 33,587 118.1431 46,137 66,304 9.098 188,611 112,355 (18,1431 282.823 161.284 75,402 Depreciation At 1 April 2023 Charge for the year Disposa15 At 31 March 2024 18,379 3,024 30,693 8,397 118,1431 20,947 63.035 2,781 112,107 14,202 {18,1431 108,166 21,403 65,816 Carrylng amount At 31 March 2024 139,881 73.235 25,190 9.586 174.657 At 31 hAarch 2023 3.269 76,504 14. Debtors 2024 2023 Trade debtors Prepayments and accrued income 80 24.840 36,349 31,790 24,920 68,139 15. Credltors: amoLEnts f811ing due wlthln one year 2024 2023 Trade creditors Accruals and deferred income Other Gredilors 930 600 4,522 1.239 600 2.631 6,052 4,470 16. Pensions and other post retirement benefits Defined contribution plans The amtyjnt recognised in income or expenditure as an expense in relation lo defined contributlon plans was £4,62712023-. £3.958)- 19
The Box Youth And Community Project Ltd Company Limited by Guarantee Notes to the Financial Statements fconllnued) Year ended 31 March 2024 17. Analysis of charitable funds Unrestricted funds Al 1 April 2023 At 31 Plarch 2024 Income Expenditurg Transfers General Fund Redundancy Reserve Contingency Reserve Vehicle Replacement Reserve 128,020 16.000 150,000 116,746 184.949) 50,344 210,161 16,000 150,000 10.000 10.000 304.020 116.746 {84.9491 50,344 386.161 At l April 2022 Al 31 March 2023 Income Expenditure Transfers Geneffl Fund Redundancy Reserve Contingency Res&rv& Vehicle Replacement Reserve Building M2intenance Reserve 25D,933 20,000 20,150 180.4001 {62.6631 14,0001 150.000 128.020 16,000 150,000 25,000 {15,0001 10,000 10,000 305,933 {10,0001 58,337 20,150 180,400) 304,020 20
The Box Youth And Community Project Ltd Company Limited by Guarantee Notes to the Financial Statements (¢ontinuedJ Year ended 31 March 2024 17. Analysls of charltable funds (cotillAued) Restrlcted funds Al 1 April 2023 At 31 Pjlarch Z024 Income Expendilure Transfers Capital SCC- EDIT Community Foundation- Kellel Fund Community Foundation- Llnden Family SCC- East Rangers SCC- Warm Spaces SCC- FancyA Day Out 2022123 SCC- Fancy A Day Out 2023124 SCC - Digital Health Hubs SCC- Links For Life SCC - Doxlord Acts for Young People SATC- Good Vibes Youth Investmenl Fund Project Gambia SCC- Out of the Box SCC- What Mattersto You SCC- Strategic Seryices SATC - Ro581ine Foundation Cultural Spring Community Foundation- Pea Green Boat SCC- Hdiday Activity Fund SCC- Household Suppport SCC- Walk & Talk Neighbour*y SCC- Stephenson Trail The William Wales Memor181 Trust Community Foundation - Rolls Royce 4.232 11,0641 16,4841 3.168 6,484 5,482 13.7441 1,738 5,508 15.069 15,5081 115,0691 15,786) 5,786 2.054 12,054) 3,604 13,604) 10,082 6,568 (10,OB21 (6,5681 12.542 9,709 50.670 63 112,5421 19.7091 150,3441 326 1631 {2,1161 2,116 131 (2,0001 2.000 14,845 1,500 {14,8451 {1,5001 5,000 5.0(x) 49.484 149,484) 30.000 200 3.016 5,324 130,0001 14,7001 13,0161 (3,9531 4,500 1,371 4,960 14.9601 2,200 12,2001 1201,054) 21,594 241,407 150,3441 11,603 21
The Box Youth And Community Project Ltd Company Liniited by Guarantee Notes to the Flnancial Statemeiits (Conlinued) Year ended 31 March 2024 17. Analysis of charitable funds Icotitrftwed) Al 1 April 2022 Al 31 March 2023 Income Expenditure Transfers Capital Awards For Al SCC- East R8nger8 SCC- Vvarm Spaces SCC- Fancy 8 Day Out 2021 SCC- FancyA Day Out 2023124 Community Chest SATC - Good Vibes SCC Building Improvements Garden Room Gentoo Project Gambi8 Community Renewal SCC- Out of the Box SCC- What Matters to You EDIT SCC - Strategic Services SCC- Holiday Actiiily Fund SCC- Household Suppport Street Games Community Fwndalion- High Sheriff Heallh is Wealth Doxford in Bloom Jubilee Xmas Hampers SCC- Walk & Talk Community Foundation Youth Activities Neighbourly SCC- Stephenson Trail The William Wates Memorial Trust 9.296 {5,0641 (8,3631 {15,9151 18.368} 4,232 8,363 15,915 14,154 5.786 847 18471 7,762 1,309 11,394 17,7621 11,9841 111,3941 675 9,481 40,000 8.856 33,925 7,994 5.000 {9.4811 140,0001 18,8561 133,9251 17,9941 15,1671 2,283 2.116 6.116 11.674 11,800 16,116} (11,674} {11,800) 22,909 {22,909) 40,800 2,986 140,8001 12,9861 2,250 412 1,200 496 300 4,900 12.2501 14121 (1,2001 14961 (S) 14001 4,500 4.759 1.000 5,000 (4,7591 {1,000} {5,000) 4,960 4.960 21.594 13,101 285,715 1218,885) {58,3371 22
The Box Youth And Community Project Ltd Company Limited by Guarantee Notes to the Financial Statements lcoftlinued) Year ended 31 March 2024 17. Analysis of charltable funds (continued) Transfers between fund5 represent the following.. 2024 2023 Building refurbishment & new Garden Romm 150,3441 158,337} 23
The Box Youth And Community Project Ltd Company Limited by Guarantee Notes to the Financial Statements (contiywed? Year ended 31 hlarch 2024 18. Analysis of net assets between funds Unrestricted Funds Reslricled Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 171,489 220,724 16,052) 386,161 3,168 8.435 174.657 229,159 16,0521 397,764 11,603 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than l year Net assets 72,272 236,218 14,4701 304,(120 4,232 17,362 76,504 253,580 14,4701 325,614 21,594 19. Anatysls of changes in net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash al bank and in hand 185,441 18,798 204,239