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
RegiSte￿d 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 diffe￿nI 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
ne￿sSary 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 requI￿d 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 a￿d 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 un￿S 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 US￿￿1 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 inStrUme￿ts. 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 chari1a￿e 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
sp8￿h1ve 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