COMPANY REGISTrATION NUMBER: 04125056 FELIXSTOWE YOUTH DEVELOPMENT GROUP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY NUMBER . 1102380 FEuxsfowE YOLrrH DEVELOPMENT GROUP FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGE Members of the Board and professlonal advlsers Trustees Annual Report Independent examlnels report to the members Statement of flnanclal artlvltles (Includlng Income and expendlture account) Balance Sheet Notes to the flnanclal statement5 9-16 FELixsfowE YOUTH DEVELOPMENT GROUP TRUSTEES AND PROFESSIONAL ADVISERS Reglstered charlty name Fellxstowe Youth Development Group Charlty number 1102380 Company re8lstr•tlon nUrn￿r 04125056 Prfncl￿l Address & Reglstered Offlce 2nd Floor 54 Cobbold Road Fellxstowe Suffolk IPII 7EL Dlr•ctor4 O Rowe M Townshend Rev A Dotchln - Resl8ned 30 September 2024 H Leverld8e R Smlthson R Darbyshlre D Altchlson - Appolnted 18 February 2025 K Bowen - Appolnted 18 February 2025 Chalr D Rowe Vlc• Chalr R Darbyshlre SKret•ry S Wyatt TreaJur•r M Townshend Prohrt Man•sor S Hopklns Independent Eumlner Beatons Llmlted Chartered Accountants 7 Three Rlvers BusSness Park Fellxstowe Road Foxhall Ipswlch IPIO OBF TRUSfEESANNUAL REPORT YEAR ENDED 31 DECEMBER2024 Th8 Tru8t888. three of whom ar8 al80 Dlrector8 for the Purpos￿ of Company Law• pr88orrt thelr report and the Independently examlned fln8ncl8l Statements of the Charltyforthe year anded 31 December 2024. Reference 8nd Administr8tive Details R8f8r8nc8 and admlnl8tr8tl￿ detall8 are shown In the 8cheduLe of Tru8te88 and Prof8881on8L Advl88r8 on pag8 1 of the flnanGI8I statement8. Tha Tru8t888 The Tru8ts98 who 8erved the company durlng the p8rlod were 88 follow8: D Rowe (8l80 Dlrector) S Watt (al80 Dlrector) M Town8hend <8180 Dlrector) Rev A Dotchln { al80 Dlrector) H Leverldge (al80 Dlrector) R Smlth80n {al80 Dlrector) R D8rby8hlre (al80 Dlrector) Appolntrnent ofTru8ts88 We hav8lob de8crlptlon8 forthe rol88 and when looklngto recrult newTru8te88 or Dlr8ctor8 adopt a number of recrultment methods. Th88e Include dlrect approache8 to th088w8 know havetho 8klll8 roqulr8d and have 8hown an Intsr88t In theworK 8dvertl8lngvla Chamber of Trad8 and Comm8rc8. Rotary Club and other profe881onal bodle8. 8nd placlng a g8n8ral advertlaement. Any p8r80n Int8r88t8d In belng 8 Tru8te818 InteNlewed 88 welL 88 meetlngwlth the Chalr or Vlc8 Chalr and Project Manager 80 that they clearly understand the workwe do and th8 commltment they 8r8 taklng on. If afterth8 Intervlew and meetlngthffy r8m8ln Inter88ted thelr name I placed before the Management Board for approval. AIITru8tee8 undorqo a DBS record8 check. ObJectlve8 of the Charlty The Charfty18 8 Company Umlted byguarantse and wa8 Incorporatad 13 Dac8rnber2000. The Chorltywaa 08tabl18h8d under a Memorandum of A880cl8tlon. whlch 08t8bU8hed the obJectlv88 and pow8r8 of the ch8rltabl8 company and18 governed linder It8 Artlcle8 of AsBociation. Undorth08e Artlc(e8. the member8 of the Management Board 8re electsd at the Annual G8ner8l Meetlng. The Dlrectors conflrm thatthey have pald du8 regard to the Ch8rlty Cornm1881on's guldance on publlc beneflt and have strlved to en8ure that the Chartty's 8CtFvlt188 r8ft8Ct thi8. Ravlew of Activltla8 Tha Company18 a Charity 83tsbli8hed to provide youth Service8 and activiti88 foryoung people {age 7-25) prlmarlly Ilvlng In Fellxstowe and the surroundlng vlllages. Our town centre youth hub provid88 a 8af6 envlronment wh8r8young people Can meetwlth qu8ltfled youth worker8. We promot8 tha w8lfare of allyoung p80plethrough 8UPPOrtive r8l8tion3hip8 and p08itiV8 experlences deslgned to enhance thelr per8on8l and soc18l development. Ourtsrget group18 Incluslv8 of young p8opLe dlsedvantaged In someway. or who have dlfflcultles In thelr relation8hip8 With their p88r8, family& 8chool or authority 88nerally. We off8r a vari8d pro8Tamme of 8Ctlvltl88 and 80clal opportunltl88, tO88th8r wlth one-to-on6 mentorlng. coun88lllng. Informatlon, advlco and guldance on a numberof188U68. We work In many local 8choo18 and undertak8 OUtr8ach worL The p88ty88r ha8 r88ult8d In contlnulngtha workwlth famlll88 of young p8opl8 we ar8 alreadyworklngwlth. Th18 year ha8 888n th8 dov8lopm8nt of a mu81c 8tudlo at ouryouth hub 8nd the contractlng of 8p8claL18twork8r8 to oper8tath8 88rvlc8. Th18 has regulted In reachlngyoung peoplé who had not prevlou81y been attendlng our 88rvlce8. We have al80 expanded our art offerlngto Include 8 8xhlbltlon of young peopl88 work In 8 local art gallary We h8Ve 8ubmltted 8 plannlng perm1881on for 8 8atelllte centre In Fellx8towe. th1818 currentty 8W8ltln8 det8rmlnatlon The Tru8toe8 havo pald due regard to guldance188ued bythe Charlty Comm188lon In decldlng what actfvltle8 the Charlty 8hould undertake. Investment Pollcy Underthe Memorandum and Artlcle8 of A880clatlon, the Charlty ha8 the poworto make any Inv68tm8r￿ whlch the Tru8tee8 88eflt. Achlevements and perfonnanc8 At 31 December 2024 the unreatrlcted fund8 W8r8 £40,630,00, the roBtrlct8d fundB were £88,037.00 and fund8 totsLl8d £128,867.00. Progre08 The Dlrector8 wl8h to record thelr contlnulng thank8 to the 8taff and volunt88r8 for thelr dedlcetlon to the proJ8Ct. Fundr8181ng haN contlnued In-hou88 wlth 8UCC88N In r8181Dq num8mu8 grants. Includlng a number of lorgo award8. Shez Hopkln8 contlnu88 88 Project Manager. brlnglnqv181on and new Id8a3 to the Prolect. The Prolact Manager18 able 3UPPOrted by the Deputy Prolect Manag8r who ha8 tak8n on re8pon8lblllty for certaln aspect of the project and th8 m8nag8m8nt of th8 8taYf for tho88 ar888 The ProJ8tt( ha8 had a very 8UGG888ful year. We have Gontlnued to tsrg8t approprlate gr8nt gmng bodl88 & b88n 8UCC88sful In ralslngfunds from B wlde range olTru8t3. publlc OryBnlsatlons and local organ18atlons. We contlnu8 to provlde 8 rangè of servlces to the young people In the Fellx8towe area. tallor8d to meettheir needs. In 2024. 611 dlfferentyoung people accessed our servlces. The tOtsL number of contacts was 7441. Level Two 18 highly regarded within the Community. Our programme of actlvltle818 responslve to the needs of young people. Th8 organ188tlon h88 a compr8h8n81ve 88t ol pollcy document8 revlewed In the p88tyear coverlng au a8POCt8 of Its operatlon. The Project contlnues to operate 8ucces8fuLly from the Youth Hub In CobboLd Road. Future Strategy Fellx8tOW8 Youth Development Group18 th8 parent org8n18atlon whlch currently oper8te8 the Level Two Youth Project. We wlll contlnue to provlde a wlde ronge of 88rvlce8 for young people, ba88d upon thelr need8. In the n8Xty8ar we wlll look deveLop furth8r the mu81c prolect and flnaU88 our decl8lon8 on the 8ateWts contre. We are commltted to encouraglngtho profe881onal dovelopmont of 8taff and voLuntser8. A8 fund8 permlt, opportunltl88 WIU be offered for tralnlng cour888 and conferenc08. In-hou8e trolnlng18 a180 ca8caded to 8tsff and volunteera. Aa In prevlou8 year8the Dlrectors ara committed to en8urlng we pay at l8a8t the R88L LMnqWag8 to all Btaff. In the comlngyearth8 Dlrectors are committe(I to 8UPPOrtlngthe Staff t88m and 8ervlce8 provlded at the Youth Hub. We wlll encourage other ag8ncl88 worklng wlth young p8op18 to engage wlth u8. The Dlr8Ctor8 and M8n8gement Board remoln Yuuy committed to the Immodlato and long-term future ol FeLlxstowe Youth Development Group and Level Two Youth Project. Re8erve8 Pollcy D881gnat8d re8erve8 are representsd by net current a88ets wlthln the Unr88trlcted Funda of the Ch8rlty. D981qnated r089rv08 en8ure the ro8lUence and 8U8talnablllty of the Charlty In 8uch clrcumstsnces os when encounterln ReseNes pollcy the project wlll contlnue to operate wlthln the guldance avallable from the Charlty Cornmlsslon for England and Wales on malntalnln8 a sufflclent unrestrlcted reserve a8alnst unplanned closLLre and Its Impact on beneflclarles. staff and volunteers. Trustee5 wlll monltor the level of reserve agalnst guaranteed Income and future fundln8 appllcatlons.. The Tru8t888wIII monltortha adaquacy of r888rv88 on a monthly bas18 In the context of operatlonal plan8 and may 8m8nd the requlred l8vel 88 approprfats In r88pon86 to Identlfled chang88 81thcr In the r18kenvlronment andlor tholr rlskappetlte. Trustees, responsibilities in relation to the fin8nci81 ststements Company law r8qulres thetrustses to prep8re flnanclal 8tstament8 for each fln8nclaly8ar, whlch glve a tru8 and f8irvl8wof the 8tsto of affair8 of the charit8ble compary and oYth8 Incomlng r880urce8 and Bppllcetlon of r880urc88, Includlngth8 Income and exp8ndltur8. of the charitable comparyfor that perlod. In preparlng these fln8nclal Statements. tho tru8tOa8 are r8qulracl to: SeLect sult8ble 8ccountlng poLlele8 and then epplythem con813t8ntly: Observe th8 method8 and prlnclple3 In tho Charltl88 SORP: Mak8Judgem8nts and 88tlmates that are rea80nable and prudent: Stats whether 8ppllceble UKAccountlng Stsnd8rd8 have been followed, 8ubJect to any matsrlal departure8 d18cl08ed and explalned In theflnancl818tatem8nt8: Praparethe flnancl818tst8m8nt8 on th8 golng concern b8818 unle88 It la Inapproprlateto pre8umethat th8 charltable compgnywlLI contlnue In operatlon. The tru8ts88 are r8apon8lble for keeplng adequ8te accountlng record8 that dl8close wlth reasonable occurocy ot onytlmotho flnonolol p081tlon of th8 charftabla company and enabl8 them to enBurg thatthe flnanclal 8tstement8 comply wlth the Compan188 Act 2006. They aro also respon81blefor 8af8gu8rdln8 the 888et8 of the charltabl8 comp8ny and hence ft>rtaklng r8a80nabla 8tsp8 forthe prevantlon and detectlon of froud and other Irregularftle8. Approved bytha Dlrector8 and the Management Board Dn 8°Aprll 2025 and ore 81￿ed on thelr behaLf by: D Row8 Dlroctor & Chalr FEUXSTOWE YoufH DEVELOPMENT GROUP INDEPENDENf EXAMINER'S REPORTTO THE MEMBERS OF THE FEUXSTOWE YOUTH DEVELOPMEKf GROUP YEAR ENDED 31 DECEMBER 2024 I report to the charlty trustees on my examlnatlon of the accounts of the company for the year ended 31 December 2024 whlch are set out on pages 7 to 16. Re5ponslbllltlos and basls of report As the charlty trustees of the comparby (and also Its dlrectors for the purposes of company law) you are responslble for the preparatlon of the accounts In accordance wlth the requlrernents of the Companle5 Act 2006 ( the 2006 Act,). Havlng satlsfled myself that the accounts of the company are not requlred to be audlted under Part 16 of the 2006 Act and are ellglble for Independent examlnatlon, I report In respect of my exarhlnatlon of your companvs accounts as carrled out under sectlon 145 of the Charltles Act 2011 ('the 2011 Act}. In carrylng out my examlnatlon I have followed the Dlrectlons glven by the Charlty Commlsslon under sectlon 145(5)(b) of the 2011 Act. Independent examlner'i ststement I have completed my examlnatlon. I conflrm that no matters have come to my attentlon In connectlon wlth the examlnatlon glvln8 me cause to belleve that In any materlal respect: l. accountln8 records were not kept In respert of the compary as requlred by sectlon 386 of the 2006 Act: or 2. the accounts do not accord wlth those record5: or 3. the accounts dp not comply wlth the accountln8 requlrements ol sectlon 396 of the 2006 Act other than any requlrement that the accounts glve a 'true and falr vlew, whlch Is not a matter consldered as part of an Independent examlnatlon,. or 4. the accounts have not been prepared In accordance wlth the methods and prlnclples of the ststement of Recommended Practlce for accountlng and reportln8 by charltles lappllcable to charltles preparlng thelr account5 In accordance wlth the Flnanclal Reportln8 stsndard appllcable In the UK and Republlc of Ireland (FRS 102)]. I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandln8 of the accounts to be reached. Beatons Umlted Chartered Accountants 7 Three Rlvers Bu51ness Park Fellxstowe Road Foxhall, Ipswlch IPIO OBF 19 May 2025 JJ02kleyF.CA FEuxsfowE YoirrH DEVELOPMENT GROUP STATEMENTOF FINANCIALACTIVITIES (INCLUDING INCOMEAND EXPENDITURE ACCOUNn YEAR ENDED 31 DECEMBER 2024 Unrestrlcted Funds Restrlcted Funds Total Funds 2024 Total Funds 2023 INCOMING RESOURCES Incomln8 resources from generatlng funds: Voluntsry Income Donatlons and Glfts Actlvltles for 8eneratlng funds Fund-ralslng Income from charltable actlvltles Grants Investment Income 12,744 2,058 14802 11,527 545 46,797 l545 307,791 354588 1545 252,033 3.198 TOTAL INCOMING RESOURCES 62,086 309,849 371,935 267.303 RESOURCES EXPENDED tharltable actlvltles 48,897 289.903 338,800 345,196 Governance costs IL360 2,137 13A97 17,786 TOTAL RESOURCES EXPENDED 60,2S7 292,040 352,297 362,982 NEf OUTGOING RESOURCES FOR THE THE YEAR I NEf EXPENDITURE FOR THE YEAR 1,829 17,809 19,638 (95,6791 RECONCIUATION OF FUND5 Total funds brought forward 38,801 70.228 109,029 204,708 TOTAL FUNDS CARRIED FORWARD 40,630 88,037 128,667 109.029 The statsment of Flnanclal Artlvltles Includes all galnor and IOVJSC In tho yoar and therefore a ststement of total recognlsed galns and lo￿$ has not been prepared. All of the above amounts relate to contlnulng actlvltles The notes on pages 9 to 16 form part of these flnanclal statements FEUXSTOWE YOLrrH DEVELOPMEKf GROUP BALANCE SHEEr YEAR ENDED 31 DECEMBER 2024 Note 2024 2023 HXED ASSErs Tanglble assets 12,414 10.582 CURRENT ASSEfs Debtors Cash at bank and In hand 1,328 158,470 159,798 1.702 114,169 115,871 CREDITORS: Arnounts falllnl du• wlthln one year 10 (43,545) 117,424) NET CURRENT ASSETS 116,253 98,447 TOTAL ASSETS LESS CURRENT UABILITIES 128 667 109,029 NET ASSETS 128.667 109.029 FUNDS Restrftted Income funds Unrestrlcted Income fvnds 12 88,037 40,630 70.228 38,801 TOTAL FUNDS 128,667 109,029 For the flnanclal year ended 31 December 2024 the company was entltled to exemptlon from audlt under sectlon 477.of the Companles Act 2CQ6 relatln8 to small companles. Trustees responslbllltles: The members have not requlred the company to obtaln an audlt of its flnanclal statsments for the year in question In accordance wlth sectlon 476. The trustees acknowledges thelr responslbllltles for complylng wlth the re.qulre.ments of the Act wlth respect to accountln8 records and the preparatlon of flnanclal statements. These flnanclal ststements have been prepared In accordance wlth the provlslons appllcable to companles subject to the small companles, reglme. These flnanclal g£atements were approved by the Dlrectors and Management Board on the 19th May 2025 and are 51gned on thelrbehalf by: D ROWE Director Company reg15tratlon Number: 04125056 The notes on pages 9 to 16 form part of these flnancial ststements FELIXSTOWE YoiJfH DEVELOPMENT GROUP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES General Informatlon and basls of prep•ratlon The Charlty Is a Company Ilmlted by guarantee and has no share capltal. The Charlty Is Incorporated In England and Wales. The address of the re8lstered offlce Is 2nd Floor, 54 Cobbold Road, Fellxstowe Suffolk. IPII 7EL. The company number IS 04125056. The charlty constltute5 a publlc benefft entlty as deflned by FRS 102. The flnanclal statements have been prepared In accordance wlth Accountlng and Reportln8 by Charltles: Statement of Recommended Practlce appllcable to charltles preparln8 thelr accounts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland Issued In October 2019. the Flnanclal Repuriin8 Standiird dppllcable In the Unlted Klngdom and Republlc of Ireland (FRS 1021, the Charltles Act 2011, Companles A£t 2006 and UK Generally Accepted Accountln8 Practlce. The dlsclosure requlrements of sertlon IA of FR5102 have been applled otherthan where addltlonal dlsclosure Is requlred to show a true and falr vlew. The flnanclal statements are prepared on a golng concern basls underthe hlstorlcal cost conventlon, modlfled to Include certaln Items at falr value. The flnanclal statements are presented In sterlln8 whlch Is the functlonal currency of the charlty and rounded to the nearest £. The slgnlflcant accountln8 pollcles applled In the preparatlon of these flnanclal ststement5 are set out below. These pollcles have been conslstently applled to all years presented unless otherwlse ststed. P•nslon costs The company operate5 a defined contrlbLrtlon scheme for the beneflt of Its ernployees. The costs of contrlbutlons are wrftten off a8alnst proffts In the year they are payable. Income reco8nltlon All Incomln8 resources are Included In the Ststement of Flnanclal Actlvltles (SOFA) when the charlty Is legally entltled to the Income after any performance condltlons have been met, the amount can be measured rellably and It Is probable that the Income wlll be recelved Grants recelved A grant that is subject to performance-related Ciindltlons recelved In a(fvan￿ of dellverlng the servlces requlred by that condltlon. or Is subject to unmet conditions wholly Outside the control of the charltyi Is accounted for as a Ilabllkty and Is shown on the balance sheet as deferred income Deferred Income Is released to Income In the reportlng perlod In whlch the performance-related or other condltlons that Ilmlt reco8nltlon are met. FELIXSTOWE YoirrH DEVELOPMENT GROUP NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POUCIES Flxed aisets All flxed assets are Inltslly recorded at cost. Depredatlon Depreclatlon Is calculated so as to wrlte off the cost of an assets, les5 It5 estlmated resldual value. over the useful economlc Ilfe of the asset as follows: Flxtures and Flttln85 - 25% reduclng balance Motor Vehlcles 25% stralght Ilne Muslc Equlpment - 33% reduclng balance sh and ciih equlvalents Cash and cash equlvalents are baslc flnanclal assets anf Inculde cash In hand. deposlts held at call wfth banks, other short-term Ilquld Investments wlth orlglnal maturltles of three months or less, and bank overdrafts. Bank overdrafts are shown wlthln borrowlngs In current Ilabllltles. Prov151onJ Provlslons are reco8nlsed when the charlty has an obllgatlon at the balance sheet date as a result of past event, It15 probable that an outhow of economlc beneflts wlll be requlred In settlement and the amount can be rellably e5tlmated. Flnanclal Instruments Baslc flnanclal Instruments are reconglsed at amortlsed cost. except for Investments In non- convertlble preference and non-puttable ordlnary shares whlch are measures at falr value. wlth changes recognlsed In proflt or loss. Oerlvatlve flnanclal Instruments are Inltslly recorded at cost and thereafter at falr value wfth chan8es reco8nlsed In proflt or loss. VOLupifARY INCOME Unrestrlcted Funds Restrlcted Funds TotAI Fundi Total Funds 2023 DONAnoNS Donatlons and Glfts 12.744 2,058 14.802 11,527 12.744 2.058 11,527 -10- FELIXSTOWE YOUTH DEVELOPMENT GROUP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 INVEsfMENT INCOME Unre¥£rlcted Funds Restrfcted Funds Tot•l Fundi 2024 Totsi Fup.ds 2023 Bank Interest recelvable 2,545 3,198 CHARITABLE ACTIVITIES Unrestrlcted Funds Restrlrted Funds Totsi Fundi 2024 Totsl Funds 2023 Gross Salarles and Penslon Dlsclosure Barrlng Servlce Motor and Travel expenses Tralnlng Project Speclflc Expense5 Bulldlng Utllltles Cleanlng Repalrs Equlpment Purchased Telephone and Fax Prlntlng Postage and statlonery Webslts and computer costs Advertlsln8 and recrultment Le8al fees Mlscellaneou5 19,655 114 242,417 262,072 114 8,461 826 25.572 15.818 6,737 l418 702 4,286 434 289.651 589 5,888 1,941 11,252 13,540 6,416 3,386 307 4,355 519 8,394 473 22,701 7,967 3,215 353 2,871 7,851 3,522 l418 702 2,143 434 2,143 6,430 509 6,430 509 2.020 2,386 3,985 1,053 2.020 573 1,813 2,310 48,897 Z89,903 338WO 345,196 GOVERNANCE COSTS Unre5trlcted Funds Restrlcted Funds Totsl FurKla Total Funds 2024 2023 Independent Examlnatlon Fee Depreclatlon 2,242 9,118 2,242 11,255 1.720 16.066 2,137 11,360 2,137 13A97 17,786 -11- FELIXSTOWE YOUTH DEVELOPMENT GROUP NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 31 DECEM8ER2024 NET OUTGOING RESOURCES FOR THE YEAR Thls Is stated after charglng: 2024 2023 Depreclatlon 11.255 16.066 STAFF cosrs AND EMOLUMENTS T¢Jtal staff costs were as follows: 2024 2023 Wa8es and Salarles costs Soclal Securlty Penslon costs Other forms of employee beneffts 235,575 I3￿07 11,788 902 261,535 13.915 13,181 1,020 Total 262,072 289,651 Partlcularn of •mplay••s: The avera8e number of person5 employed by the company durlng the year was as follows.. 2024 2023 No. 13 16 No employee recelved remuneratlon of more than £60,0￿ durlng the year (2023 - NIIJ Ourlng the year the Chartty made penslon contrlbutlons totslling £11,78812023 - £13.181) The number of dlrectors for whom retlrement beneflts are accrulnR under deflned contrlbutlon schemes amounted to Nll (2023: NII) 12- FEuxsfowE YOUTH DEVELOPMENT GROUP NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 31 DECEMBER 2024 TANGIBLE FIXED ASSETS Muslc Equipmont Flxtures & Flttln Motor VehldeA Total COST At l January 2024 Addltlons 53,470 62,764 116,234 13,087 13,087 At 31 Decem￿r 2024 13,087 53,470 62,764 129,321 DEPRECIATION At l January 2024 Charge for the year 51,968 375 53,684 9,080 105,652 11,255 At 31 December 2024 52,343 62,764 116,907 NET BOOK VALUE At 31 Detember 2024 11,287 1,127 12,414 At 31 December 2023 1,502 9,080 10,582 DEBTORS 2024 2023 Prepayments 1.328 1,702 1,328 1,702 10. CREDITORS: Amounts falllng due wlthln vn¥ year 2023 Blg Lottery Fund - Reachlng CommunltTes Fund Oeferred Income Big Lottery Fund - Youth Investment Fund Deferred Income Other accruals arbd Deferred Income 43.545 17,424 43.545 17.414 13- FELixsfowE YoufH DEVELOPMENT GROUP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 11. OEFEAAED INCOME Under l Year Over l Year Total At l January 2024 Addltlons durlngthe year Released durlnBthe year 14,542 40,725 (14.542) 14,542 40.725 {14.5421 At 31 December 2024 40,725 40,725 Income has been deferred as Income has been recelved In advance of d•llverln8 th• servlces requlred by that condltlon. or Is subject to unmet condltlons. 12. AESTRICTED INCOME FUNDS Balance at 01 Jan 2024 Incomln8 rescources Out8oln8 resources Trnnsfer Balance at 31 Dec 2024 Smaller Indlvldual funds Muslc Room, Equlpment and sesslons Awards for All 70,228 149,304 (155,782) 63,750 45,213 13AIOO 133,926) 11,287 ,000 818 Lottery Fund - Reichlni Communltle5 Fund 102,332 (102332) 70,228 309N9 {292,040) 88,037 The other Re5trlcted Funds represent smaller donatlons and grants whlch are specltled for particular purposes for the charlty. Contlnuln8 Instalments of the 818 Lottery- Reachlng Communltle5 Fund were recth'ved durlng the year and are desl8nated by the Fund for the areas of Mentorln& Detached Youth Work and the Toplc Room. Mu51c Room, Equlpment and sesslons- Grants have been recelved for the purpose of buyln8 muslc equlpment and runnln8 sesslons. Awards for All - A Grant ha5 been recelved for the purchase of a contalner at 8each Street to host the muslc aeavltles. Thls Is ￿rrentlY In the plannlng appllcatlon Stsse. 14- FEUXSTOWE YoufH DEVELOPMENT GROUP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2024 IJ. UNREsTricfEO INCOME FUNDS Bilance at Oljan 2024 Incomln8 rescources Out8oln8 resou￿e1 Transfer Balance at 31 Dec 2024 General Funds 38,801 62.086 {60,257) 40.630 The General reserve5 represent the free funds of the charfty whlch are not desS8nated for partlcular purposes. 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS 818 Lottery- Reachlng CommUn￿leS Restrlcted Fund Blg Lottery- Youth Investment Restrlcted Fund Other Restrlcted Funds Unrestrfcted General Fund Total b•lanAI at 31 D•Mrnb•r 2024 ir• r•pr•i•nt•d by: Tan8lble flxed assets N•t Curr•nt Ass•tslU1b11￿19S 353 {353) 107 11071 11,838 76,199 116 40,514 12,414 116,253 Total Funds 88,037 40,630 128,667 OPERATING LEASE COMMITMENTS At the reportlng date the charlty had outstandln8 commltments for future mlnlmum lease payments under non-cancellable operatln8 leases, as follows- 2023 Total 16. INDEPENDENT EXAMINERS REMUNERATION The Independent examlners remuneratlon amounts to an Independent examlnatlon fee of £2,242 {2023: £L720} and payroll servlce5 of £2.115 (2023 . £2,478 15- FELIXSTOWE YOUTH DEVELOPMENT GROUP NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER2024 17. TRUSTEES EXPENSES Durin8 the year no expense5 or omuneratlon was pald to the trustees. I& RELATED PAKfY TRANSAcfioNS The remuneratlon of key mana8ement personnel Is as follows . 2023 &88regate compensatlon 48,698 48,695 There are no related partytrnnsactlons durlng the year12023: NII) -16-