REGISTERED COTrtPANY NUMBER: 05230659 (England and Wales) REGISTERED CHARifY NUMBEK. 1106209 en hire B Curo Prof¢s&ionAI Services Lt4 Statutory Auth'tors Curo House Greenbox W¢stonhall Road Brom$￿ve Worcestetshi B60 4AL *AD8IC5HC* 0510912024 COMPANIES HOUSE A14 #129 emen h 2024 Refer¢n¢¢ and Athninistrative D¢lai18 Report of the Tnjstees 2 to 5 Report of th¢ Ind￿end¢n1 Auditors 6 to 9 Sthiem¢nl of FiDaticial Activities io Balance Sheet Notes to the FitiAticial Statements 12 to 26 dminis ¢d3 March 2024 ear TRUSTEES Mrs S Nunnerley Mrs J Spencer D L Morgan, Chair Ms L J P¢ni5ton (r¢5igned 26.6.23) Mrs M A Sherrey MTS S A Walton (resigned13.9.23) RNHood J Hanson J Morrss E William8 (resi8ned 13.9.23) A Deakin (appointed 26.6.23) C R Pennell (appointed 26.6.23) K Haynes (appointed 26.6.23) P Tn￿[Dan (appointrd 26.6.23) E Gambles (appointed 26.6.23) (resiped 25.3.24) REGISTERED OFFICE HAnover House l Hanover Street Bromsgrove Worcestersbirc B617JH REGISTERED COMPANY 05230659 (England and Waks) EGYSTERED cHAR￿y NUMBER 1106209 AUDITORS Curo Professional S¢rvices Lt4 Ststutory Auditors Curo House Greenbox WestODhaU Road Bromsgrove Worcestershire B60 4AL SOLICITO mfg Solicitors l High Street Bromsgrove B618EZ Lloyds Bank pl 112 High Stre¢t Brornsgrove B618EZ Page I North ase Ended 31 The trustees who are also directors of the charity for the puwes of the Companies Act 2￿6. present their reikn with the financial statements of th¢ ¢barity for the year ended 31 March 2024. Th¢ ttustees b8ve adopt¢d thc provisions of Accounting and Reporting by Charities.. Ststement of Recon)rnended Prnctice applicabl¢ to charities preparing their accounts in aecordanGe with th¢ Financial Reportlng Stsndard applicable in the UK and Republic of Ireland (FRS 102) (¢ff￿tivc l January 2019). ObJe¢llves *nd North WoTGe5tershire Basement Projects Ltd. aims trj provide help and cle¥ guidanc¢ to yowig people who are potentially homeless, actuaity homeless andlor unemployed 8ndJor not in educationltsaining andlor loca] authority car¢ leavers by providing help- a) to alleviate the effect of poverty expcrienced by this group. b) to assist the target group in competing effectively in the labour market or to obtain training or ethThtional opportunities, ) to provide clear and adequate informationlresources so that the target group is fillly inforn￿d of their rights and responsibilities, d) to encoura8¢. SUPPOrt thd cmpowcr the tar8¢t 8roup to bav¢ ¢boi¢c and to r¢pK5ent th¢m5elves. Slgnificant #ell￿￿$ SiBnific8nl activities ar¢ disclosed within a¢hi¢vcmcots and perfonnaD¢¢. Publlc benefit The Tn￿￿S have refefftd to the guidance ¢ODtsined in the Cbarity Cornmission's general guidance on pubbc benefit wheD revAewin8 the and objcctivcs, and irA plaDning fjJtur¢ ictivities. The maio ￿tivitieS aod the peopl¢ who thc ch￿lty airns to help are Undert￿en to further its charitable purposes for public berAefiL Volunteers Volunteers are Tecwitsd when needed. Page 2 N rth Worcestershire Base le nt e Trnstee nded 3 ACHIEVEMENTS AND PERFORMANCE The aim of The Baserncnt Project is to provide support services for homeless and potentially homeless young people aged 25 and under. aD inte￿1 part of these s¢rvices is to focus on homeless Pfmtion. At the 31st March 2024 the Bas¢meDt Project was made up of two illterlinking projects.. The Basement Drop-in Ser4icc and the Floatitig Support Service. although there is an overlap and slaff work acr055 both projeGts. We have also opened Drop-in service5 in other areas of Worcestershire namely; Eyesha￿ Kidderniinster, Malvern and worte￿[ShIrC City. Up until 31 March 2012. we also rdn & Priv8tc T¢zw]cy &hem¢. We have and will CQDlinuc to work in partDershw with asencies (StatytQry• blic Sector. Voluntary and Private Sector) relevant to supporting young people across Worcestershire. We have also developed a Mediation and Confiicl Resolution seTrices lo supwrt our bomeles$ prevention agenda and recentty added a new service c￿ed Application Station which suppoffs young p¢ople with th¢ir traDsitiOn into th¢ workplace or Icarnlng enviroDment. The Basement Drop4n st￿¢¢ Our main Drop-in is open every weekday and is stsffed by tsvo quahfied youth workers and trnitied volulltrer6 and 15 well used by local young people. In the f￿1 full year w¢ wcre open in 2006. thcre were well over 400 visits during the year and in the year to 31 March 2024 wc wried out over 4,190 intrrvention& througlL face to face meetings, telephone ￿nVerSations. live chat; video calls: messages: andlor advocating on bchalf of the youn8 persou. The Basement PTOj¢Gt 15 a place whcre a youn8 persoD can ac¢¢ss someone to talk to, enablin8 them to have th¢ support they need to deal with their primary issues surrounding housing and homelessness and other issues that may be hindering their ability to move forward. We can offer meth'ation and advocaGy should the youn8 person f¢¢1 that is appropriate. The B&wnent Project cwj offcr emergency foO￿t011¢ty parcels, which are invaluable to our ¢lients. Thi5 year due to scveral small pots of funding provided through Bromsgrove District Council, NFU mutual and the generosity of the local communities, we were able to offer more substsntial food parcels to our serw¢ usen. W¢ bkve provided over 530 food Parcels to our clients and their familic5 this year, including 200 food parcels lo othcr local familie5 who were in nee(L In addition. when funding is available we help young peoplc to purchas¢ other essential items 10 help them set up aDd we Off￿ J pro8rallll￿ of work%hops throughou¢ the year. which njn alongsidc th¢ Dropiti 8¢rvic¢. These iJJ¢lude ernployabiiity, lifr skills training, healthy eatitig, sclf*steem, CODfidenc¢ building, budget maDag¢m¢nt aod cooking on bud8et. All workshops are designed to be'young person fri¢ndll and are delivered in a relaxe4 w¢lcomin8 atmosphere. The Basement Project recruits And trains voluotccrs to work a]OD8side our Youtb Support Workers and help us d¢iiver our widcT 5ervi¢es. 202312024 bas been a very su¢¢essful year in recTuiting new vohJnte¢rs with a wide range of valuablc skills that will help young p¢oplc in the future as well as contributmg to the development of The Basement Project aGTOSS Worcestershire. We have benefilted from a five yeu continuation fjjnding by The National Cornrnunity Lottery Fund which commenced in April 2023 which was aligned to our five year strategy. This fi￿dIng combined with the Brornsgrove District Council fimdin& local business and individu￿ giving fonns the wre of our overall income. In addilion we submit a vDriety of applicatio￿ to support our existin8 work and futttye projects as required and as set out in ow Strate&¢ Pian. We exp¢¢t to identify fimds from 8TJnts, trust fillid8 and possible teDdering for contracts, The FI￿￿n% Support part of the project is partly funded through a Commission￿ se￿1¢e with Worcestershire Children First (WCF) to support care leavers specifi¢ally and grants from other sowc¢s in¢luding Notional I￿rtery Community Fwid for non cate leaveTh who need support. We havc th¢ capacity for around 80 individual young people (clients) to have a dedicated support worker who will meel on a regular basis to help them manage the transition io independent living. This 5UPPQrt is deliv¢red through dire¢L one to one meetings. telephon¢ calls and mes$a84 and via viru￿1 methods. W¢ subcontract to Redditsh Nightstop to ￿Ver th¢ Redth'tsh district and we cover the rest of the Gowity. Other funding enables us to wv¢r the ￿lterIa that th¢ WCF conts3¢t do¢s not cover, i.e. non Ca￿ Icaver5. young p¢ople aged 25 and Page 3 orthey Ended31 cb2 24 FUTURE DEVELOPMINTS We continue to consolida¢ the work we thliver thmugh the Basement Projeet and will be looking foT new and inaovative oP￿￿jnities io the future . We will ¢ontinu¢ to thc Dew drop.in ser4ices and work towards obtaining fLwding to sustsiD them. The appointrnent of an outside fithisin8 agency to secure funds has proved sUccesSfi￿ aod eD5ured the security of the project for the forcsceable fithllE. Wc contynue to work with partlltr agencies at a Stratr￿c l¢vcl to infomi our service d¢livery and constantly monitor and Consult with the young people to ensure our services me£t their needs. Rtseryes PolAcy The tnwets hav¢ ¢stablished a Reserves Policy whereby the unrestric*d funds should be buili up to a minimum level equivAletLt 10 6 months operating costs. however, in view of the fact that it can take 9 months to b¢ sUcceSsfi￿ in a funding applicalion. it is not UDreasooable to let the utwestricted level of ttserves cover around 9 months, opcratiog costs. This would &Uow tbe or8aDi$8tion time to ty and Address ally periodi¢ cth flow Shortfall whil¢ nMintainia8 8UPPOrt to stsff aud clients. In the event that such ¢fforts were unsUccesSfi￿ the Reserve would be used to finance the close costs of North WoTcestershire Bascment Projects in an orderly manner. Our Current level of unrestrict&l reserves Stands at just over 56.10/9 of numing CQSL8. We are Committed kn on¢¢ again increase our reserrfes lowards 75¢J/o of our costs to ensure we can eover any future imponderables such as changes or c¢ss8tions of funding contracts. With thc continuing cost of livitig ¢risis a Genernl Ele¢tion this year local 8ov¢rnment grants and ¢ontr&¢ts are likely to under ¢lose ￿rutinY. So we will colltillue to D)ake a ￿ncerted effort to rnainthin efficiencies 45 we move forward to 8UAranle¢ our commitment lo the young people and their support, &8 tbe majority of ¢lients r¢quire at least l2 rnonths, worth of support. We 8r¢ also a¢liv¢ly reviewing potential ways of in¢rwing s¢lf gcn¢rntrd funds movin8 for¥vNrd. At the end of the year total reserns stood at £389,517, of which £216,078 related lo unrestricted fijnds. STRUCTURE, GOVERNANCE AND MANAGEMENT GoverniDz doeument Th¢ charity is controlled by its governing documenL a deed of tn￿¢ aDd constitutes a limited companyi lirnited by 8uaranlee, ￿ defirÈed by the Compames Act 2006. Rttruitmtnt and appoinlment of Dew trustees Trusiees are appointed from the membezship. All trwtees comply with "Good GovernAnce" and Conllnunity Sector. codt for the VoluntAry Org#n15Adonal strueture The trustees form the Board of Tn￿teeS which bas appoitited a Chief Executiv¢ Offic¢r, Caleb Mallard to replace Je Robinson who Te5igned wt way through 2023124, to deal with the day to dAy n)Dtiing of the Charity, aod any appTQPriat¢ working groups. Rlik mAnAgement The t￿￿teeS have a duty to identify and review the risks to which the c]wity is exposed and to ensure appropriate controls are in place to provide reasonablc assurance against fraud and error. STATEMEKf OF TRUSTEES, RESPONSIBILITIES The trt￿ree$ (who are a]so th¢ dIy¢c￿[s of North Worcestershire Basement Projects Limited for the PUTpose5 of ompany law) are responsible for preparing the Report of Ihe Trustees aDd the fll)ancial slatements in accordance witb applicable law and United Kin8dom AcL¥)unting S*ndaTds (United Kingdom Generalty Accepted Accounting Prnctice). Page 4 North Wo asem ntP ¢cts rtofth STATEME￿ OF TRUSTEES, RESPONSIBIL￿s - contlnued CoMp￿Y law require5 the tNsÈes to prepare fioancxal statements for eacb financial year which give a ttue and fair view of the stste of affaits of the charitable company and of the incoming resources and applI￿tiOn of resources, including the income and ¢xpeuditLwe. of th¢ charitsblc company for thai period. In prq)aring thosc financial statements, the ttustees are required to select suitsble accountin8 policies and then apply thern consistently* observe the methods and priociples in the CTrwity SORP. make jUdg¢0￿￿ts attd ¢stin￿t¢S that 8re rwonabl¢ and pn￿en[ prepare the financial ststem¢nts on the goin8 cotscern basis unless it is inappropriate to presume that the charitable Company will continue in business. The twstces are responsible for k¢¢ping proptr accounting le￿rdS which disclose with reasonable accuracy at any tim¢ the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. Th¢y are also responsible for Safeguarding the assets of the cbaTitAble company and hence for tthDg reasoDabl¢ strps for th¢ pKvention and detection of fraud and other irre￿latIties. In so far as the trustees are aware: there is no r¢lev•nt audit informatiott of wbi¢h the charitable ¢ompJny's auditors aff unaware., and the tru5ttts h&ve taken all stcps that they ought to hav¢ tsken ￿ make th¢mselv¢s aware of any relevant audit inforrnation and to cstablish that trK auditors are aware of that infornjation. Thi5 report has b¢¢n prcpaTed in ac￿1rdance with th¢ provisions of Part 15 of the Companies Act 2006 relatin8 to smJll companies. AUDITORS The auditors, Curo Professional Services Lt4 Statutory Auditor8, will be proposcd for re-appointment at the forthcomin8 Annual General Me¢tiD8. If°4fy°.Y Approved by order of the board of trustees on ............ signed on its behalf by: DL orga Page 5 ort of the ]nd orce ent Limited Opinion We have audited the financial ststements of North Worcestershire Basement Projects Limited (the 'charitable company) for the year ended 31 March 2024 which eon)prise the Ststement of Financial Activities, the Balance Sheet and notes lo the financial statements, including a of sigmfi¢ant accounting policies. The financial reporting framework that bas been applied in their preparntiOD is applicable law and unit￿ kn8dom Accountin8 Standards (United Kin8dom Geuerally Accepl¢d Accowiting PTactice). In our OPitsiOD th¢ fffjan¢iai stalen￿nts.. give a true and fair view of the statr of the charitable CoMpan￿S affatrs as at 31 March 2024 and of its incoming resources and application of re$ource5. including its income and expendibjre. for the y¢ar then ¢nd¢d' have been properly prepared in accordanc¢ with United Kingdom Generally ACCeP￿d Accounting Practice. and hav¢ beettprepared in accordance with the requiremcnts of the Companies Act 2006. Basb for oplnlon We conductrd our audii ID accordance with International Stkn¢]ards on Auditin8 (UK) OSAS (UK)) and applicable law. Our responsibilities under thok standards are fiJrth¢r described in the Audilors, responsibilities for the audit of th¢ fjnanciai sta*m¢nts section of our repc>rt. We aTe independent of the charitable company in accordance with the ethical quir¢ments that are rel￿ant to our audit of the fiDaucial 5talemcnts in the UK iticluditig the FRC'S Ethical StaDd8rd. and we have fulfilled our other ethical responsibilities in accordance with thes¢ rcquirements. We believe that th¢ audit evidence we have obtained is sufficieDt and appropriate to provide a basis for our opinion. Conclu$lons rdatinE to golng toneern In auditin8 the financi￿ ststements. wc hav¢ concluded that the tru5tees' use of the going conGern basis ofaccounting in the prcparntion of the fiJwi¢ial stsi¢uKnts is appropriate. Bu¢d on the Work wc hav¢ perfoTme4 we have not identified any material uncertainties relating lo events or conditiohs thaL individually or wllectivcly, may Ast sisnificant doubt on the ch8ritsble company5 ability to continue as a going coll¢¢rn for a period of a¢ least tw¢lv¢ mollib8 fmm WITh th¢ fiDan¢ial statements are authorised for issue. Our responsibilities and the T¢sponsibilities of the trustees with respect to going concern are de￿ribed in th¢ relevant Sections of this reporL Other informadon The tsustees 8rc responsibl¢ for th¢ oth¢r inforn]ation. The other infom]8tion comprises the infornation included iti the Annual Rcpor4 other than th¢ financial siat¢ments and OUT Report of the LtsdepcDd¢nt Auditots thereo Out opinion on th¢ finJnci&l styt¢ments d¢xs not cov¢r th¢ other informotton and except to the ex*Dt oth¢rwis¢ explicitly statcd in our repo¢ wc do not express any fonn of assuran¢c con¢lusion thereon. In connection wiib our audit of the fin￿Cial staterner￿, OlLr respoDsibility is to read the other infornution in doing so, ¢onsidcr whether th¢ oth¢T infornution is materially inwnsisleDt with the fina￿111 s(ateD)¢nts or our k)owledge obtaio¢d ill the audit or othenvise appears to be materially misstated. If we identsfy such ma1¢ri21 iLcon8isteDcies or apparent material misstaicrnents. we are required to det¢rniine wheth¢r this ￿V¢S rise to a material misststernent in the fuJ8ncial ststements themselves. If. based on the work we have perfonne4 we conclude that there is 4 TDaterial 41isstaiement of this other ioforrn*io4 w¢ are required ￿ report that fact. Wc have nothin8 to report in Ibis r¢8ard. Opllliong OD other matters prescrlbed by the Companles A¢t 2006 In our opillto￿ based on the work undertaken in the course of the audit the mforniation given in the Report of the Trustees for th¢ financial year for whtch the financial staiements are pr¢par¢d is consistent with the financial stal¢tnents: and the Report of the Trustees has been prcpared ia ac¢ordaDc¢ witb applicable legaI requirements. Pagc 6 ort of the Inde ndent Audi ent tothe Limi Matters OR which we are required to report by exception In the light of the knowledge and understanding of the charitable company and its environm¢nt obtained in the cowsc of the audi¢ we have not identified tDaterial misstat¢ments in the Rewrt of the TruS￿¢S. We have nothing to report in respect of the following m•rter5 wh¢r¢ the Companies Act 2006 require8 U3 to rwort to you if. in our opinion.. adequat¢ ac¢ounting records have not been kept or returns adequate for our audit hav¢ not been te¢eived from branches not visited by us; or the financial StaterneT￿ are not in agreement with the accounting records and retsmls; or certain disclosuffs of trustees. remutieration specified by law are Dot made. or w¢ have not received all the infomlltion and ¢xplanatiOThS we rquir¢ for OUT audit.. or the trustees were not cntit]ed to tak¢ advantag¢ of the small companies exemption from the requirement to prepare a Strateg1¢ Rcport or in preparing the Report of the Tn￿￿$. Responslbulttes oftrustees As explained more fully in the Statement of Tntstees, Responsibilities, the tTUStees (who are al￿ the directors of the ¢hBritsble company for the puryo3¢s of Company law) are rcSPODsibl¢ for th¢ preparntion of the knDcial ststem¢Dts and for being satisficd that they give a tsue 8nd fair view, and for such internal control the tn￿tee5 determine 15 necessary to enable the preparation of financial ststements that are free from mateiial misstatemcn( whether to fraud or erTOr. tn pr¢pariJJg the financial Str￿￿ents. th¢ trustres are responsible for assessing the cbatitable ¢ompaoys ability to continue as a going concern. disclosing. as applicable, mAtteTr related lo going concern and usin8 the 80ing Goncern basis of accounting uTrle5s the tnistees either intend to liquidate the charitable Company or to cease op¢r8tion$. or have no realistic alternative but to do so. Our respohslbllides for the xtsdlt of th¢ flnanelal stAtemeDts Our objectives are lo obtain reasonabl¢ a5suran¢c about wbcther the financial statem¢Dts as a whole arc frcc from m&teriAI rnis$tatemen( whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. R¢asonabl¢ assurance is a high level of assurance, but is not a guaranlcc that an audit conducted in accordance with ISAS (UK) will always detect a material misslatem¢nl whett it exists. Missiaternetsts can aris¢ from fraud OT ¢fTor and considered m8lerial if. individually or in the aggregalc, they could reasonably be expe¢t¢d to infiu¢nce th¢ economic decisions of us¢rs tak￿ on the basis of these financial statement& Page 7 en Limi Identlfylng *nd responding to rlsks of m*t¢rial misstaternent due to fraud ThE level of Tisk and ability to detect irregularities duc to fraud was considered during the planning stage of the audit. A risk assessment was undertakeo taking into consideration th¢ Companys policies, procedures and enquiTies with We commuDicated identified fraud risks tbroughout the audit team and remained alert to any indications of fraud throughout the audiL As required by auditing standards aod considering our overnll knowledge of thc control envirr)nmenl we perfomied pro¢ethwes to addr¢5s the risk of managemenl ov¢rride of ￿ntrOl6 and the Ti5k of fraudulent tr2nsactions, ID particular the risk that managemenl may be in a positiou to makc inappropriate accountiug entries. We p¢rfomi¢d proC￿UreS inGludin8: - Evaluattng the business purpose of joumal entries and comparing the identifiul entri¢s to supporting documeDtstiO - Evaluatitig the business purpose of significant bank payments alld receipts and comparing th¢se to supporting documentstion. . Wthu8h and fLuther substantive t¢sting on income and expcnses to identify weaknesse5 and ovffjid¢ of int¢rnal controls. - Usin8 aD8lytical procedures to id¢ntify any UDUSual or unax￿Cted variattccs. IdeDbfying and responding to risks of material misststement due to nonwcompliance wlth law5 2nd regulations Th¢ level of risk and ability to deteci ittcgularities du¢ to nOn-¢OtThpiiao¢e with laws md regulations wa5 considered during the plantsing stsge of the audiL A risk 8ssessmcnt was und¢rt8k¢n, into consid¢ration the company5 p)licies. procedures and compliance with law5 and T¢8Utations. We communicated 1dcrLtifi￿ laws and regulations throughout our team and Temained alert to IDY indicotions of non40Jnplianrx throughout thc audit. The compaDy is subject to laws and regu]8tiODS tbjt directly affect the financial s&tcmenlS including fiD￿CiAl reporting and twtiOD lesislatiott. We asscssed th¢ ¢xtellt of compliancx with these laws and re8ulations as part of our procedur¢s on'the r¢lat¢d financial 3tatcment items. The ￿)Mp￿ is also subject to many other laws and rcgujations Whe￿ the rowucnces of nonweoTnplian¢c could have a material effect on amounts or disclosuTe5 in the fiDanciJl stslemcots. Auditing standArd5 limit th¢ required audit procedures to identify non<0mplian￿ with thes¢ laws and r¢gulations to ¢nquiry of the director5 and inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operdtionai resulalions is not disclosed to us or evident from relevant cottespondence, an audit will not detect that breach. CoDtut of tbe abillty of the Audlt to detect fraud or breaches of law or regul4don Owin8 to the inher¢Dt limilation$ of an audit, there is #n unavoidable risk thai we may not have detected some material rn1SSt8ttments in the financial ststements. even thou8h we have properly plarffied and perfornied our audii in accoTdancc ith auditing Stsndards. For example, there is a higber risk of non4etection of frau4 as these nuy involve collusioD, for8ery, int¢ntional omissions, misrepresentitions or the override of int¢mal controls. Our audit procedures ar¢ deSi￿ed to detecl material misslatemenl. W¢ are not respO￿lbIr for prcvcnting non<0mplian￿ or fraud and CaDJOt b¢ expected to d¢t¢rt non-¢omplian¢¢ with all laws aDd xegulations. A furtb¢r de*ription of our responsibiliti¢s for th¢ audit of the financial statements 15 locat￿ on the Financial Reportins Council's website at ww.frc.or8.uklauditorsresponsibiliti¢s. Thi5 d¢scription forns part of our Report of the depend¢ni Audilors. Page 8 rt ftheJn North orces ndent A dito Use ofour report This report is made solely to the charitable companys members, &% a body, in accordance with Chapter 3 of Part 16 of the Companics Act 2006. Our audit work ha5 bcen uDdcrtakeD so that we might stale to tbe cbarilablc companY6 metnkn thos¢ matters we are required to stat¢ to them in an auditon, ￿port attd for no other purposc. To the fi￿est exlenl pcunitted by law, w¢ do nol accept or assume responsibility to anyone other than the charitable company and the ¢haritabl¢ companvs members as a body* for our audit work, for this repo¢ or for the opinions we have forme& Anna Madden FCA (Senior Stakntory Auditor) for and on behalf of Curo Profcssiopal Services Lt4 Stattllory Auditors Curo House Greenbox Westonhall Road Bromsgrove Worc¢stershi B60 4AL Page 9 entP IAC viti 2024 Totsl funds 2023 TotAI Unrestrid¢d Restricted fjjllds Notc5 ll¥4COMT AKD ENDOWTrtENTS FROM DooatioD5 and legacies 33,722 33,722 56,839 ChArit4ble aedvlties To provide support to young peoplc who are in crisis 347,881 347.881 235,231 Other trading ¥tivilies Investmettt in¢om¢ Other inMme 13.932 6,576 780 13,932 6.576 780 3,132 741 Totsl 55.010 347.881 402,891 296.167 EXPENDMJRE ON Ch•rltable actlvlti¢s To provide support to youllg p￿P1¢ who are in ISIS 53,899 330,995 384,894 382277 NET tNCOMEI(EXPENDITifRE) 16,886 17,997 (86,110) RECONCILLiTION OF FUNDS Totsl funds brought foTrvard 216.451 156.553 373.004 459,114 TOTAL FUNDS CARIUED FORWARD 217.562 173,439 391,001 373,004 The notes forni part of these financial statements Page 10 estetshire B ent ects Balance 2024 Totsl 2023 Totsl Unrtstri￿ed furld Restrictrd Noteg FIXED ASSETS Tangiblc assets 12 4,847 4,847 3,147 CURRENT ASSETS Dcbtors Cash at bank and in hand 13 15.769 211619 15,769 386,058 11,936 370,198 173.439 228.388 173.439 401.827 382,134 CRIDrroRS Amounts falling due within one y 14 (IS,673) (IS,673) (12.277) NET CURRENT ASSETS 212,715 173,439 386.154 369,857 TOTAL ASSETS LESS CURRE LIABILrriES 217,562 173,439 391,001 373,004 NET ASSETS 217.562 173,439 391,001 373,004 16 Unre51ricted fimds Restricted fimds 217,562 173,439 216,451 156,553 TOTAL FUNDS 391,001 373,004 Th¢se financial statements have been prepared in accordance with the provisions applicable to charitable companies lubject to the small companies regime. The financial statem¢Dts were approved by the Board of Trustees and authori8eA for issue . and were signed on its behalf by; DLM The no*s form part of these financial statements Page 11 anci ed31 rnen for the 024 COMPANY STATUS The cbatity is a private cory]pany litDited by 8uardntee. Tbere is no sbar¢ c4)ital. Ea¢h ulldcrtakcn 10 poy £10 in the event of the company being wound up. The presentation curew of the fiDaDcial statenxnts is tbe Pound Sterlirlg (£). The finallcial ststements are rounded to the he￿¢st £1. ACCOUNTING POLICIES Bgsis of preparlDg the finAn¢1￿ statements The fmancial ststements of the charitsble company, which is 3 public benefii ¢ntity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitie5.' Ststement of Re¢0mm¢￿￿ Prncti¢¢ applicable to ¢lwities pr¢p￿ill8 their accounts in aceordaD¢e with thc Fiwici81 Reporting SthDdard Applicablc in the UK and Republic of ￿tland (FRS 102) (effective l January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Rcpublic of Ireland, and th¢ Companies A¢t 2006. The fmancial ststements have been prepared under the historical cost ¢4)nv¢ntio Golng concern Tr finaDciai statements bav¢ been prepared on the goiug coll￿￿ basis ou the grounds tbat th¢ trustees believe th•t there is sufficient fi￿dIng in place to support the charity for the Dext twelve month5 from the dale of approval of the financial statements. Income All in¢ome 18 r¢co8nis¢d iti the Ststement of Financi￿ Activities onc¢ the charity has entitlement to the fimd8, it 18 probable that the in¢ome will be r¢Geived and th¢ amount cao bc mwur¢d reliably. Expendlthre Expellditu￿ is ocwunted for oo all aCCrt￿lS b¥15 and bas been ¢la5sifi¢d und¢r bcadwgs tbat aw¢gatr all cost Tciated to the category. Whcr¢ ￿$ts CaDDOt be dI￿¢t)Y attributed w particular headmgs they have be¢n allocated to aetivities on a basis consistCDt with the use of r¢80urces. Allocodon and Apportionment of costs Wh¢n pomible. expenditu￿ is charged lo ihe charitable a¢¢ivity to whirh il relwtes. Costs that C8rfflot b¢ dealt with in this way ar¢ apportioned in prowrtton to staff hours. Apportioned costs are those ftjr Premises and Office Expense8. All costs that can be ideDtifj¢4 suth as room hir¢, refre5hmcnts, stationery and audit fees are Charged dittctiy. Staff time is allocated according to the percentage spend directly on 8overnan¢e, tO8ether with proportion of support wsts. All indrect costs arc apportioned on staff tim¢. Tanglble rued assets Depreciation is provid￿1 at the following annual rates in order to write off each ￿Se1 over its estimated usefi life. Fixtures And fittings 25% on r¢ducin8 balance Tangible fixed assets are stated at cost Iw accumulated depreciation'and accumulated impatrment losses. Taxatlon The cbarity is exempt from CO￿￿ration tsx on its c}￿114b1t activiti￿. FwDd accoundng Unr¢5tiicted fuD¢ts Gan b¢ used in aCCord￿ce with tb¢ dwityble obj¢¢tivcs at the dis¢Tetion of the trustees. Restricted funds can only be used for particular restricted purpos¢$ within the objects of the ¢harity. Restrictions azise wllen Specifi￿ by the donor or w]]¢ll funds atc raised for parti¢ulaT restii¢ted purposes. Page 12 continued... otes for thc the Financi temen 2024 ACCOUThNG POLICIES- contlnued Fund aceountlng Further explanation of the natll￿ and purpose of each fund is included in thc notes to the fwancial staternents. Pen#loD costs and other post-retlrern¢nt benefits The charitable company OP¢Tates an auto-enrolment defined contribution pension scheme. Contrlblltioj￿ payable to the ¢lwitable compaDys PeDSiOn scheme 8Te charged to the ststern¢￿ of Finaocial Activities in the period to which they relate. Operatlng leases Rentsls paid under operating leas¢s are rhw8¢d to Profit OT loss on a strnight lint basis over the pthiod of the Deb¢ors Trade and Oth￿ debtors ara reco￿lSed at the settlement amount alknr any discount offered. Cagh at bgnk and ID h*nd Cash ai bank and in haud in¢lud¢s cash and short terni highly liquid investsnents with a short matiwity of tw¢lve months or less from thc date of acquisition or opcmng of the dqjosil or similar aLKOWIt. Credlton And provl$lons Cr¢ditoTr and provisions are re¢ognis¢d Whe￿ thc ¢harity h&8 a present obligation resulkng from a past ev¢nt that will probably result ITh the transfer of fund5 to a third party and th¢ arnount due to settle the obligation can be measwed or estin)ated r¢liably. Creditors and provisions are norn)ally r¢￿sn15¢d at their settlement amount after allowing for any discounts due. nancl*l In8trnments Thc Gharity only bas financial asscts and financial liabilities of a kind that qualify as b￿1¢ finaD¢ial itsstruments. Basic financial iosttumrnts ijjitially r¢cogtuscd at tratssaction value and subsequcatiy Measur￿ &t their settlement VAluc with th¢ exception of bank loans which ar¢ sub$4uently measur¢d at amortised ¢ost wing the effective interest meiho DONATIONS AND LEGACtES 2024 2023 Donations Giftaid 32,437 1,285 55,138 1.701 33,722 56.839 OTHER TRAI)ING ACTIVITIES 2024 2023 Fundraisin8 ev¢nts 13,932 224 Page 13 conlinue¢£.. men tin 24 2024 2023 Deposit account interest 6,576 3.132 INCOME FROM CHAiUTABLE ACTIVITIES Incoming rcsources from Charitable activitics rtpre5ent g[￿ts receivabl¢ from government and other publi¢ bodies and have been used ￿ pur5uc the ChaTitys main activity of provi (26.115) (59,995) (86,110) RECONCILIATION OF FUNDS Total fjjnds brought forward 242,566 216,548 459,114 TOTAL FU14DS CARRIED FORWARD 216,451 156.553 373.004 Page 16 continued... t the Financial en - continued 12. TANGIBLE FIXED ASSETS Fixtures fittings COST At l April 2023 Additions 11.451 2.855 At 31 March 2024 14,306 DEPRECIATION At S April 2023 Charge for year 8,304 1.155 At 31 MaTcb 2024 9.459 NET BOOK VALUE At 31 March 2024 4,847 At 31 March 2023 3,147 J3. DEBTORS: AMOUNTS FALLING DUE WITHllY ONE YEAR 2024 2023 Other debtors 8,317 7,452 8.304 3,632 15,769 11.936 14. CREDITORS.. AMouNfs FALLING DiiE WITHIN ONE YEAR 2024 2023 S￿181 security and other tsxes Accnllls and deferred income 5,849 9,824 4,246 8,031 15,673 12,277 IS. LEASllYG AGREEMENrs Minimum le88e PAJinents wider nonqcAncellable opcrnting le&8e5 fAII follows: 2024 2023 Within one ye Betwe¢n one and fivc years 12.172 37,532 12,172 7.101 49,704 19.273 Page 17 continuettery Community Fund w￿¢08t¢[S￿lrC County Council CoDununity Garfield Weston Foundation Wcstem Power Fund Collllnuoity Lottery Ernergen¢y FuDd Worcestershire Community Foundation Tesco Grant Post Covid Fund Award5 for ail NLF BDC Covid Fulld Utiiform BDC CouLselling Wotcs Community GTant- Boldly 8oe8 BDC - WCC (BDC Food bank) Social Prescribing (Application Station) Margaret W¢stwood {Counselliog) HSBC The Ncighbourly FoundatiOD - Sainsburys 3,616 1,266 3,616 1266 6250 100,126 24 6250 100,126 (17) 28.146 41 (28.146) 841 25,000 939 228 2,262 (25) (25.c￿0) (802) (193) (2,262) 835 (4,863) (4,029) (714) 63 (1.060) (1,332) (300) (2,749) (1,000) (30,106) 8l6 137 35 835 3.056 7,919 4,029 714 708 1.060 2,358 771 1.026 2,750 1,000 31,282 2,021 1.176 2,021 3,878 1,000 1,759 37,533 3,000 2.IXIO I,Mo 1.158 300 105 3.878 1.000 1,759 37,533 3,000 2,000 1,440 1.158 300 [05 Th¢ GTrntham York Tn Co-op client fund Nationwide Corc Costs Nationwide Summer Activities Rowy Funding (SummerActiviti¢s) NatiorLwide Life Skill Sesstons Fine & County Foundation Client fi￿dIng Natiooai Gtid Willt¢r Warnw Packs WF Housing Support 216.548 (43.109) 173,439 459,114 (68,113) 391.001 Pagc 22 conlinue¢l.. o the Financi they arEnd 31 krch 2024 16. M0VEN￿Nf IN FUNDS. cothued A current year 12 month6 and Prior year 12 months combi]￿d net movement in funds, included io the above are as follows: Incomitig R¢sour¢e5 Movement Unrestrl¢t¢d funds Genernl fund 113,412 (138,416) (25.004) Restricted fvhds Lloyds Bank Foundation Bromsgrov¢ District Council The NatiODal Lottery Conllnuwty Fund Floatin8 Support Reserve Worcestershire County Council Community Thc Eveson CbaTitabl¢ Trust Garfield Weston Foundation Worcestershire Chilthn First W¢5terD Power Fund Comllmjnity Lott¢ry EmergeDGy Fund Worcest¢rshire Community Foundation Tesco Grant Post Covid Fund Awards for all NLF BDC Covid Fund UDiforni BDC Cou￿ll1￿g Worcs Comrnuniry GrJnt- Boldly goes BDC- WCC IBDC Food bank) Social Pre5¢ribing (Application Ststion) Margaret Wcstwood (Counsclling) HSBC 25,OiX) 43.334 171.849 46.666 (18,750) (43.293) (199,995) (46,666) 6250 41 (28.146) (50) 20,000 25 (20.000) (25.000) (186.731) (802) (193) (2.662) (290) (4,863) (14,029) (714) (210) (1.060) (1.332) (6.300) (2,749) (1,000) (30,106) (2.479) (2.532) (25) (25,01)O) 186.731 (802) (193) (2,262) 835 (4.863) (4,029) (7l4) 63 (1,060) (1,332) (300) (2,749) (1,000) (30,106) 400 1,125 10,000 273 6,(KlO 2,485 6.410 1.000 2.534 37.533 3.C(iO 2,000 1,440 1.158 1258 4,WO 5,000 6.000 500 3,878 1,000 1,759 37,533 3.000 2,000 The Gwithwn YoTk Trust cO￿P client fund Nationwide Core Costs Nationwide Summer Activities Rotary Funding (Summer Activities) Nationwide Life Skill Sessions Fine & County Fowjdatioll Client fimding National Grid Winter Wanner Packs WF Housing Support National Grid Corc Costs SMAII Funders (775) 1,158 300 105 I04 (958) (3,895) (4,696) (6,000) (50Q) 585,646 (628,755) (43,109) 699,058 (767,171) (68,113) Page 23 continued... Note to th Fin ial Sta ntinued 16. MOVEMENT JN FUNDS- continued Nature and purpo¥e offunds.. Privatc Tenancy Scheme To cover bond liability for I￿anCIeS set up prior closure of scherne on 31 March 2012 Websile To cover purch&8e and dev¢lopmeDt ￿sts and web8it¢ maintenance cosrs To provide fvnding for B&gement Drop-in (iDcludin8 worksbops) Bron￿wVe Distrtct Council Tbe National Lottery Community Fund (form¢rly BIG Lottery Fund) To cover core costs Restructiring R¢serv¢ To cover TUPE costs and other additional costs associated with the Worcest¢rshiTe CO￿ Council contrnct on cessAtion of th¢ contract Floating Support ReseTh¢ To cover floatin8 SUPPOrt fimding when fill￿1n8 IS reduced or ends worwt¢rShi￿ County Council To provide fundin8 for Floating Support Lloyds BAuk FoundAtioD To LX)v¢r core costs Wor¢¢5*rshi￿ Children First To cover Core costs Help through Crisis To provide funding for 20 houTr of staff time to help to d¢v¢lop & Youth Hub in Wyr¢ Forest as part of a BLF CODSOrtiwn bid Fonvard Housing AssoGialioD To make good any shortfatl w fi￿dIng for the Dropin or Floatin8 Support Service after April 2022 To make good any shortfall in funding to support the running of the seryice Wor¢estershire CC Community Grant The Eveson Charitable Thtst To Cover core costs Garfield Weston Foundation To cover core costs To provide 3 tsblets for staff and ener8y vouchers for clients Worcestershire Conununity Foundation Western Poww Fund To provide fundiDg dirtctly for client costs Vinci FoundtitiOD To provide furnitsue and white goods for clients Community Lottery Emergency Fund To ptovide fundin8 for a food bank manager To provide food and other essential iterns for clients in the Bromswve area BDC Defta FWMI To provide funding to alleviate Covid 19 difficulties in emergency situatioiis Worcestershire CC Emergen¢y Covid Fund Page 24 conlinued.. Basement the Financial arcb 2 16. MOVEMENT IN FUNDS. continued Awards for 811 NLF To wv¢r rore co51s. Funding specifically for clients fJom different or8ani5ations. Client funding Co-op client fill To provide fvodmg fi)T clients. Fine & County Foundation To provide fLUMling for 2 laptops. To pro￿de fimding for holiday activitics #Dd food. National Grid Corc Costs To cover core costs. National Grid Winty Wamw Packs To prowde fjjnding for winter pth. Nationwide Core Costs To cover core costs. Nattonwid¢ Life Skill Sessions To provide funthg for 48 lifr $121ts sessions. Natioowidg Summ¢r A¢tivities To provid¢ funding for trips and activities for ¢liMts. NFU To provide fimding for food bank. Rotary Funding (Summer Activities) To pro￿de fill￿lL8 for trips and aetivities for cli¢ats. Sm411 Fwthrs Any other small fundin8. Te5co Grant To provide funditig ft)r tenan¢y set up items. The Granth8m York Tn￿t To provide fijnding for toilctries Atkd food bttuk Uniforni To provide fijnding for school uniforni. To provide funthThg for food bank thd tenall¢y Items for clients, WF Housin8 Support 17. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 Mar¢h 2024. Pagc 25 em e Finan ial Sta rnents-c 2024 18. INCOME RECOGNrrioN the ￿gulatiOnS uu&r SORP FRS102, income must be rccognised An the period iti which At is T¢¢¢ived aud not in thc period in which il is utilised. Therefore, income w￿.¢h has been received in prior years attd has not be¢n utilised until thi5 year is Trot included within the income figurcs in the accounts. This h&8 resulted in an overall surplus of £17,997, however, the (kficit with regard to income utilised in the pcriod is £1,992. Page 26