**REGISTERED COMPANY NUMBER: 05336853 (England and Wales) REGISTERED CHARITY NUMBER: 1108844**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **TANYARD YOUTH PROJECT LIMITED**
Bevan Buckland LLP Chartered Accountants Castle Chambers
6 Westgate Hill Pembroke Pembrokeshire SA71 4LB
**TANYARD YOUTH PROJECT LIMITED**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**|7|to|8|
|**Notes to the Financial Statements**|9|to|14|
|**Detailed Statement of Financial Activities**||15||
## **TANYARD YOUTH PROJECT LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Tanyard Youth Project exists to provide a safe and welcoming space for young people. The core Youth Drop-In provision allows young people to make constructive use of their leisure time and to access information, advice and support on a wide range of issues. For children and young people with additional social or learning needs, we provide alternative provisions in a quieter setting. The Tanyard Youth Project aims to make a positive difference to young people's lives. In furtherance of these objectives, the Tanyard provides a meeting place in Pembroke where informal sessions and other forms of leisure time occupation are provided for the benefit of young persons and the wider community. The Charity at all times observes and encourages ethical values.
## **Public benefit**
The Trustees have reviewed the activities of Tanyard Youth Project Limited and believe that they are of general public benefit.
This was confirmed in 2016 with the High Sheriff of Dyfed's Award which recognises "the distinctive contribution made" by the organisation which provides an "outstanding community service". The Tanyard Youth Project was also a finalist in the Youth Work Excellence Awards of 2019, 2020, 2021 and 2022, winning in the Partnership Working category in 2020 and in the Digital Innovation category in 2021.
The work of the Tanyard has been acknowledged by the Neighbourhood Policing Team, the Youth Offending Team and Street Pastors as having a significant impact on the reduction and prevention of anti-social behaviour and offending by young people.
Page 1
**TANYARD YOUTH PROJECT LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **ACHIEVEMENT AND PERFORMANCE**
## **Review of activities**
During 2023 to 2024 the Tanyard Youth Project provided drop-in sessions, themed groups, film, photography and music studio tuition and a variety of activities and projects over 48 weeks, engaging with 302 different children and young people. 173 of these were returning members from the previous year and 129 of them were new members.
Members had the opportunity to make constructive use of their leisure time by participating in a wide range of activities. These included arts and crafts, sports and games, cooking, music, drama, film-making, photography, employability and life skills, and health and well-being workshops. We ran monthly themed groups: Girls' group, LGBTQ+ group, Boys' group, Debate Club, Youth Committee and weekly Wellness sessions. Perhaps most importantly though, we provide a friendly, welcoming place where information can be accessed, and support, guidance and advice can be obtained on a wide range of issues and life choices.
Very importantly, we updated our Charitable Aims this year, to reflect the fact that we have no religious bias and that we provide services to the wider community as well as to children and young people.
When we were not open for youth drop-in we ran sessions for adults. We ran 'Warm Winter Crafternoons' with free hot food during the winter months. We ran Yard Talk, a peer support group for men needing emotional support and practical help, and we continued to run BESPOKE, a peer support group for disabled adults.
During the year our children and young people participated in 'Fit and Fed' activities during the school holidays, where they could try various sports and physical activities and have a healthy meal and a snack afterwards. Our members organised and ran an Art Exhibition in town, displaying their own work to the public. They hosted our South Korean friends from the Central Church in London and enjoyed Korean food in the summer. Young people also attended the local Farmers' show, providing a car park marshalling service. They started a Football Lending Library, which encouraged more young people to try the sport, including girls. In September, the Tanyard's Wellness group was awarded a 'Mental Health Champion' trophy at the Pembrokeshire Teens Matter Awards. Towards the end of the year our young people learned some Christmas songs and sang these at the Community Carols event in the Town Hall. We ended the year with a Christmas party for our young people, where awards were handed out to those who had achieved great things or made great progress during the year.
As always, our Boatyard Film and Music Studio has proven to be a tremendous resource and a unique experience with free tuition for many children and young people. Young people of various ages helped to produce promotional videos for both the Pembroke Town Walls Trust and Tanyard Youth Project itself, the latter receiving superb feedback from a number of people and organisations. Alongside the film making, free tuition in music, film-making and photography also continued, bringing new skills and confidence to local young people.
We participated in a Welsh Government funded research project in conjunction with two universities that are looking into how third sector youth work is funded. We attended Pembrokeshire's Tackling Poverty Summit. We ran a Community Consultation in the Tanyard, open to all local businesses and organisations, parents and the public. We also continued to support the local authority's Youth Justice Team throughout the year. Our working relationship with the University of Wales Trinity Saint David continues.
Our project/service-specific funders this year have included our local authority, BBC Children in Need, the Council for Wales of Voluntary Youth Services (CWVYS), the Lidl Community Fund, Tesco Stronger Starts, the Principality Building Society, the Lidl Hygiene Poverty Fund, the National Grid Community Matters Fund, South Hook LNG, Warburtons Community Grants and the Pembrokeshire Youth Bank.
We also received unrestricted grants from the Albert Hunt Trust, the Masonic Charitable Foundation, the Postcode Community Trust and UK Youth in association with the Pears Foundation.
In addition to these grants, we also received donations from Amazon Smile, the Co-op Community Foundation, Crowdfunder, easyfundraising and Mytilineos Energy and Metals, amongst other miscellaneous donations throughout the year. We are immensely grateful to all of the above on behalf of our service users.
We continue to maintain and repair our old building that nestles into the 14th century town walls. This year we have had the roof of the Tanyard repaired and we have had a ramp installed in the courtyard to improve access for disabled users. Having obtained significant grant funding, we are now preparing for a refurbishment of the Boatyard Studio.
Still facing an evolving set of challenges after the 2020-21 Covid pandemic and the current Cost of Living Crisis, the Tanyard continues to work positively and successfully with some of most disadvantaged children and young people in Pembrokeshire, as well as the wider community. Staff are qualified and registered youth workers supported by well-trained part-time staff, volunteers and trustees. Safeguarding is everyone's top priority, and the Board maintains a close involvement in all aspects of the charity's operations.
Page 2
**TANYARD YOUTH PROJECT LIMITED**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **FINANCIAL REVIEW**
## **Principal funding sources**
The Tanyard relies on funding from both the private and public sector, including sale of services. This year the Trust has recorded a deficit of £20,623.
## **Investment policy and objectives**
The Project does not hold investments.
## **Reserves policy**
The Trustees, whilst recognising the need for a Reserves Policy, have determined the appropriate level as 3 months' salaries and redundancy costs which equates to approximately £30,000.
## **Going concern**
The Trustees have reviewed the Tanyard Youth Project as a going concern and are satisfied that there are sufficient funds available for the Project for the foreseeable future.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Organisational structure**
The Trustee Board is drawn from a wide range of backgrounds in the local community and provides the skills and experience to operate, manage and develop the Project. Board meetings are held regularly (usually every 6 weeks), at which the policies of the Project and its general running are discussed, and detailed financial reports are given so that informed decisions may be made about the Project's finances.
The Project is run by a full-time Project Manager. There is one other full-time member of staff, eight part-time and approximately ten adult and young-adult volunteers
Some funds are raised by the young people themselves (coffee mornings, cake sales, craft stalls) and this income is earmarked specifically for activities and equipment chosen or requested by them.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
05336853 (England and Wales)
## **Registered Charity number**
1108844
## **Registered office**
The Tanyard Commons Road Pembroke Pembrokeshire SA71 4EA
## **Trustees**
Rev R Jones Mrs L Edwards Mrs A E Mortenson J A Grimes Miss K L Quant (appointed 7.2.24) J D Watson-Probert (appointed 1.6.23)
## **Company Secretary**
Mrs S E Lines
## **Independent Examiner**
Bevan Buckland LLP Chartered Accountants Castle Chambers 6 Westgate Hill Pembroke Pembrokeshire SA71 4LB
Page 3
**TANYARD YOUTH PROJECT LIMITED**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Bankers**
CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mailing Kent ME19 4JQ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mrs L Edwards - Trustee
Page 4
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TANYARD YOUTH PROJECT LIMITED**
## **Independent examiner's report to the trustees of Tanyard Youth Project Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Caroline Wheeler
Bevan Buckland LLP Chartered Accountants Castle Chambers 6 Westgate Hill Pembroke Pembrokeshire SA71 4LB
Date: .............................................
Page 5
## **TANYARD YOUTH PROJECT LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
64,855
Other trading activities
3
52,079
Investment income
4
2,670
Other income
3,807
**Total**
123,411
**EXPENDITURE ON**
**Charitable activities**
Provision of services
144,034
**NET INCOME/(EXPENDITURE)**
(20,623)
**RECONCILIATION OF FUNDS**
Total funds brought forward
198,603
**TOTAL FUNDS CARRIED FORWARD**
177,980|Restricted
fund
£
56,938
-
-
-
56,938
56,938
-
-
-|2024
Total
funds
£
121,793
52,079
2,670
3,807
180,349
200,972
(20,623)
198,603
177,980|2023
Total
funds
£
123,625
44,582
936
5,056
174,199
210,766
(36,567)
235,170
198,603|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## **TANYARD YOUTH PROJECT LIMITED**
## **BALANCE SHEET 31 MARCH 2024**
|Notes
**FIXED ASSETS**
Tangible assets
9
**CURRENT ASSETS**
Stocks
10
Debtors
11
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
13
**NET ASSETS**
**FUNDS**
15
Unrestricted funds
**TOTAL FUNDS**|2024
£
144,007
250
438
134,234
134,922
(11,599)
123,323
267,330
(89,350)
177,980
177,980
177,980|2023
£
164,873
426
1,197
147,042
148,665
(14,958)
133,707
298,580
(99,977)
198,603
198,603
198,603|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 7
continued...
## **TANYARD YOUTH PROJECT LIMITED**
## **BALANCE SHEET - continued 31 MARCH 2024**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
R Jones - Trustee
............................................. L Edwards - Trustee
............................................. A E Mortenson - Trustee
............................................. J A Grimes - Trustee
The notes form part of these financial statements
Page 8
**TANYARD YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost Plant and machinery - 20% on cost Fixtures and fittings - 20% on cost
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. DONATIONS AND LEGACIES**
|Donations
Grants|2024
£
7,855
113,938
121,793|2023
£
42,030
81,595
123,625|
|---|---|---|
Page 9
continued...
## **TANYARD YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **2. DONATIONS AND LEGACIES - continued**
Grants received, included in the above, are as follows:
|PAVS
Children In Need
CWVYS
Community Foundation in Wales
D'Oyly Carte Charitable Trust
Postcode Local Trust
BESPOKE
Welsh Government
Hubbub
Lidl Community Fund
Local Giving
Pembrokeshire Youth Bank
UK Youth
DWF Foundation
Warburtons Community Grants
Albert Hunt Trust
Masonic Charitable Foundation
**3.**
**OTHER TRADING ACTIVITIES**
Provision of services and projects
**4.**
**INVESTMENT INCOME**
Deposit account interest
**5.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|2024
£
-
29,679
7,500
12,500
-
25,000
-
-
-
1,750
4,963
-
20,000
146
400
2,000
10,000
113,938
2024
£
52,079
2024
£
2,670
2024
£
20,866||2023
£
5,328
31,222
10,000
-
3,000
-
5,000
2,095
3,000
1,000
500
450
20,000
-
-
-
-
81,595
2023
£
44,582
2023
£
936
2023
£
23,052|
|---|---|---|---|
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Page 10
continued...
**TANYARD YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Full and part time
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
62,030
Other trading activities
44,582
Investment income
936
Other income
5,056
**Total**
112,604
**EXPENDITURE ON**
**Charitable activities**
Provision of services
136,171
**NET INCOME/(EXPENDITURE)**
(23,567)
**RECONCILIATION OF FUNDS**
Total funds brought forward
222,170
**TOTAL FUNDS CARRIED FORWARD**
198,603
**TANGIBLE FIXED ASSETS**
Improvements
Freehold
to
Plant and
property
property
machinery
£
£
£
**COST**
At 1 April 2023 and
31 March 2024
306,316
188,334
56,070
**DEPRECIATION**
At 1 April 2023
247,336
84,746
53,996
Charge for year
12,253
7,532
1,035
At 31 March 2024
259,589
92,278
55,031
**NET BOOK VALUE**
At 31 March 2024
46,727
96,056
1,039
At 31 March 2023
58,980
103,588
2,074||2024
9
Restricted
fund
£
61,595
-
-
-
61,595
74,595
(13,000)
13,000
-
Fixtures
and
fittings
£
13,642
13,411
46
13,457
185
231||2023
11
Total
funds
£
123,625
44,582
936
5,056
174,199
210,766
(36,567)
235,170
198,603
Totals
£
564,362
399,489
20,866
420,355
144,007
164,873|
|---|---|---|---|---|
## **8.**
## **9. TANGIBLE FIXED ASSETS**
Included in freehold property is £118,000 relating to funding from Big Lottery Fund. Included in property improvements is £129,377 relating to funding from Big Lottery Fund. The depreciation relating to freehold property is £4,720, the grant released against this is £2,950. The depreciation relating to property improvements is £5,174.
Page 11
continued...
## **TANYARD YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **9. TANGIBLE FIXED ASSETS - continued**
Amounts included in property improvement (£58,957) and equipment (£2,491) relates to funding by Garfield Weston Foundation. The depreciation relating to the property improvements is £2,358, the grant released against this is £6,500.
## **10. STOCKS**
|Stocks
**11.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments
**12.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Other creditors
Accrued expenses
Deferred grants|2024
£
250
2024
£
82
356
438
2024
£
-
402
570
10,627
11,599|2023
£
426
2023
£
1,197
-
1,197
2023
£
1,504
1,259
570
11,625
14,958|
|---|---|---|
Included in deferred grant are deferred grants relating to receipts from Big Lottery Fund and Garfield Weston Foundation. These are released against depreciation, under the terms of the grant freehold property is released over 40 years, property improvements are released over 10 years and plant and equipment are released over 5 years.
## **13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
|Deferred grants
**14.**
**ANALYSIS OF NET ASSETS BETWEEN FUNDS**
Unrestricted
fund
£
Fixed assets
144,007
Current assets
134,922
Current liabilities
(11,599)
Long term liabilities
(89,350)
177,980|Restricted
fund
£
-
-
-
-
-|2024
£
89,350
2024
Total
funds
£
144,007
134,922
(11,599)
(89,350)
177,980|2023
£
99,977
2023
Total
funds
£
164,873
148,665
(14,958)
(99,977)
198,603|
|---|---|---|---|
Page 12
continued...
**TANYARD YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **15. MOVEMENT IN FUNDS**
|At 1.4.23
£
**Unrestricted funds**
General fund
198,603
**TOTAL FUNDS**
198,603
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
123,411
**Restricted funds**
Restricted
56,938
**TOTAL FUNDS**
180,349
**Comparatives for movement in funds**
At 1.4.22
£
**Unrestricted funds**
General fund
222,170
**Restricted funds**
Restricted
13,000
**TOTAL FUNDS**
235,170
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
112,604
**Restricted funds**
Restricted
61,595
**TOTAL FUNDS**
174,199|Net
movement
At
in funds
31.3.24
£
£
(20,623)
177,980
(20,623)
177,980
Resources
Movement
expended
in funds
£
£
(144,034)
(20,623)
(56,938)
-
(200,972)
(20,623)
Net
movement
At
in funds
31.3.23
£
£
(23,567)
198,603
(13,000)
-
(36,567)
198,603
Resources
Movement
expended
in funds
£
£
(136,171)
(23,567)
(74,595)
(13,000)
(210,766)
(36,567)|
|---|---|
Page 13
continued...
## **TANYARD YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **15. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|At 1.4.22
£
222,170
13,000
235,170|Net
movement
in funds
£
(44,190)
(13,000)
(57,190)|At
31.3.24
£
177,980
-
177,980|
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted
**TOTAL FUNDS**|Incoming
resources
£
236,015
118,533
354,548|Resources
Movement
expended
in funds
£
£
(280,205)
(44,190)
(131,533)
(13,000)
(411,738)
(57,190)|
|---|---|---|
## **16. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
## **17. VOLUNTEERS TIME**
During the year the charity has benefitted from volunteer support, no adjustment has been made to the accounts to reflect the value of volunteer time.
Page 14
**TANYARD YOUTH PROJECT LIMITED**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Other trading activities**
Provision of services and projects
**Investment income**
Deposit account interest
**Other income**
Other income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Pensions
Insurance
Light and heat
Sundries
Travel and subsistence
Premise costs
Coffee bar
Project expenses
Depreciation charge for year
Release of capital grant
**Support costs**
**Management**
Telephone
Subscriptions and affiliations
**Finance**
Bank charges
**Support costs**
Postage, printing and stationery
Accountancy fees
Professional fees
Payroll expenses
Resources staff facilities
Repairs, maintenance and minor equipment
Volunteer expenses
Staff training
Total resources expended
**Net expenditure**|2024
£
7,855
113,938
121,793
52,079
2,670
3,807
180,349
125,365
4,224
1,757
6,609
1,236
48
9,089
811
22,653
20,866
(11,625)
181,033
1,330
2,377
3,707
66
6,565
540
1,081
1,026
174
1,360
-
5,420
16,166
200,972
(20,623)|2023
£
42,030
81,595
123,625
44,582
936
5,056
174,199
132,034
3,614
1,586
4,183
683
958
3,657
1,988
32,529
23,052
(14,878)
189,406
1,267
1,625
2,892
57
6,160
540
89
998
221
8,540
79
1,784
18,411
210,766
(36,567)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 15