**Registered number: 05484231 Charity number: 1110510**
# **HARBOROUGH YOUTH AND COMMUNITY TRUST**
# **(A company limited by guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 JUNE 2023**
## **HARBOROUGH YOUTH AND COMMUNITY TRUST (A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the trust, its Trustees and advisers**|1|
|**Trustees' report**|2 - 7|
|**Independent examiner's report**|8|
|**Statement of financial activities**|9|
|**Balance sheet**|10 - 11|
|**Notes to the financial statements**|12 - 21|
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE TRUST, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2023**
## **Trustees**
DL O'Connell, Chair (appointed 14 May 2015) SP Haward (appointed 13 September 2020) KJ Armstrong (appointed 30 October 2019, resigned 26 January 2023) JM Shardlow (appointed 8 November 2021) JE Smith (appointed 26 January 2023)
## **Company registered number**
05484231
## **Charity registered number**
1110510
## **Registered office**
The Cube On Symingtons St Mary's Road Market Harborough LE16 7DS
## **Chief executive officer**
DL O'Connell
## **Accountants**
Business Partners Chartered Management Accountants Unit 19 The Manor Main Street Tur Langton Leicester LE8 0PJ
Page 1
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023**
The Trustees (who are also directors of the charity for the purposes of the Companies Act 2006) present their annual report together with the unaudited financial statements of the Harborough Youth and Community Trust (the trust) for the 1 July 2022 to 30 June 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the trust qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
The principal objectives of the charity are:
1. to provide facilities for recreational and other leisure time occupation in interests of social welfare for persons who have need, by reason of their youth, poverty or socio-economic circumstance, with the object of improving their condition of life in Market Harborough and other such parts of the United Kingdom, of the world as the trustees may from time-to-time think fit.
2. to advance education in accordance with Christian principles by such means as the trustees may consider appropriate, including (but not to limit the generality of the foregoing) by means of training and equipping young people to make the best of their potential and to become useful members of society in Market Harborough and other such parts of the United Kingdom or the world as the trustees may from time to time think fit.
There have been no changes in the objectives since last annual report.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Page 2
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023**
## **Objectives and activities (continued)**
## **b. Strategies for achieving objectives**
Our startegies for achieving our objectives are through our vision and the way we carry it out, and, our approach to fundraising and income generation.
## Vision and Approach
Our vision is to see the young people of Market Harborough thriving in their communities. We do this in the following ways:
- We have a visionary approach to engaging in God's mission of grace love and justice for all.
- We do long term relational youth work.
- We commit to being honest, empowering, trustworthy, inclusive and relevant in our relationships with young people and their communities and agencies we work with.
- We seek innovative ways of achieving sustainability.
- We foster collaborative partnerships to enhance our work with young people and their communities.
- We aim for young people to thrive in their communities and have opportunities to broaden their horizons.
We have created new policies when a need has been identified and the existing policies are reviewed regularly. There are policies in place for health and safety, safeguarding, safer recruitment, staff management and working with volunteers to support our vision. Every year our safeguarding policy and practice is audited by Trustees.
## Fundraising & income generation
It is the aim of the charity to hire the building to regular users to contribute towards the maintainance of the building. This income is unpredictable and has reduced as funding for community services is cut.
The Friends of the CUBE continue to supply a steady but reducing stream of income but with gift aid continues to be one of our main non-grant income streams.
We are a named charity supported by Churches Together in Harborough and receive donations regularly.
Individual local churches also continue to contribute regularly to suppport our work with young people.
We continue to apply for grants to support projects, salaries and maintenance of the building. Our main grant going forward over the next 4 years is from the National Lottery to develop work with local schools, mentoring, counselling and open accessyouth work. We have also had funding from local organisations to develop a wellbeing garden, counselling caravan and basket-ball court.
There has been some fund-raising taking place. The Town Carnival is our greatest fund raiser. Christmas and summer family craft afternoons have also proved to be good fundraisers.
Page 3
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023**
## **Objectives and activities (continued)**
## **c. Activities undertaken to achieve objectives**
HYACT’s base is at The CUBE a purpose-built centre situated in the centre of Market Harborough. Its work is divided into five main activity areas:
1. Youth work, often focussing around after school groups, mentoring and open access groups
2. Wellbeing, accessible support for local young people needing counselling and mentoring interventions.
3. School partnerships responding in schools.
4. Hub work, supporting other agencies, working in collaboration with other partners and funded either by those organisations or by projest specific grants eg: Young Carers, Church Youth Groups.
5. Income generation, using The CUBE as an asset to generate funds
6. Community involvement and fundraising through our Friends network, Churches Together in Harborough and links to local churches and organisations.
## **Achievements and performance**
## **a. Main achievements of the trust**
a. The CUBE provides a safe environment where young people can relax with their friends, take part in activities, and are supported with trained staff and volunteers. New open access groups have started up.
b. Growing connections with schools have been established and The CUBE has a weekly presence in 2 secondary schools, providing in school lunchtime activities and CUBE based after school groups.
c. Volunteers continue to be safely recruited and trained and ready to work with young people.
d. Continued approach to the small support group for working with young people and wellbeing. The small group is beginning to shape our work more intentionally with the open access groups.
e. We monitor our effectiveness at building relationships by the number of meaningful conversations we have with young people where meaningful means it is important and personal to the young person. In addition we monitor concerns, follow ups.
f. We have continued to build closer relationships with primary carers and see our role as working alongside to support parent and child. All young people involved with The CUBE are members and consent to attend must be in place. We aim to know the young people we work with so that we are able to intervene where necessary.
g. We continue to benefit from a Charity Administrator who has implemented communications and newsletters to increase our following. She has also maximised our rentals, making the most of the building around the youth activities.
h. The Wellbeing Project has grown. Our Wellbeing Coordinator processes requests for counselling, supports schools to provide counselling on site, manages the income and expenditure, whilst keeping counselling accessible for all young people needing it.
i. The needs of the young people coming forward for counselling are varied and complex and they include selfharm, suicidal thoughts, relationship issues, self-image problems and eating disorders. Families are invited to give donations towards the counselling, but no young person is denied help through lack of funds.
j. We have extended our counselling space through the reuse and refurbishment of an old caravan, now equipped and embedded into our wellbeing garden.
Page 4
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023**
## **Achievements and performance (continued)**
k. Our Schools Workers visits local secondary schools weekly at Lunchtimes. This provides a link for young people where they are. From these connections young people may visit the CUBE to attend activities or request wellbeing support.
l. The CUBE enjoys a good garden space with a fire pit and purpose built gazebo and furniture. It is maintained by a children's forest school group during the day.
m. This year we have been a placement for 1 student youth worker who has run year 6 transition groups for local primary schools.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
The charity currently has little surplus funds beyond what we keep in reserve. Market rates are generally low so investments are kept with Unity Bank for ease of process and management.
## **Structure, governance and management**
## **a. Constitution**
Harborough Youth and Community Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association dated 17 June 2005.
## **b. Methods of appointment or election of Trustees**
The management of the trust is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. Trustees are not subject to retirement by rotation and continue in office until they either retire or are removed from office. Trustees may be appointed by the members in general meeting or by existing trustees to fill a vacancy until the next general meeting.
## **c. Financial risk management**
The Trustees have assessed the major risks to which the trust is exposed, in particular those related to the operations and finances of the trust, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 5
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
**(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023**
## **Structure, governance and management (continued)**
## **d. Trustees & Management**
## Trustees
HYACT currently operates with 5 trustees who each bring unique expertise. A volunteer Finance Manager oversees the accounts for the charity and is upported by a volunteer bookkeeper and the Charity Administrator. We have also appointed Neville Ford ACMA as accountant. The pension provision is with NOW. Our accountant is appointed to carry out payroll duties.
## Staff
Each member of staff is line managed by the Charity Manager. We have strengthened the reporting lines to enable trustees to take a less hands-on approach whilst staff know who to speak to about what. Each area of the organisation has a trustee with responsibility and oversight.
## **Plans for future periods**
We continue to seek innovative ways to improve our youth work provision across our local schools so that interventions may be put in place for those young people who could find themselves in crisis and needing counselling.
We will continue to encourage more volunteers who bring a wealth of experience to offer their time at the centre.
We will continue to support young people through accessible mentoring and counselling services, teaching life skills and providing opportunities to thrive.
We will support local agencies and churches as they deliver youth work by providing a space to use and advice on good practice and engagement with young people.
We will seek to recruit staff to enable the projects we are currently working with to grow. This will depend on funding opportunities.
We continue to seek funding streams to support our building maintenance and administration costs.
## **Members' liability**
The Members of the trust guarantee to contribute an amount not exceeding £1 to the assets of the trust in the event of winding up.
Page 6
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023**
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the trust for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the trust and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the trust's transactions and disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 13 March 2024 and signed on their behalf by:
~~..............................................~~ Dawn O'Connell (Mar 14, 2024, 5:43pm) .. **DL O'Connell** Chair
Page 7
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2023**
## **Independent examiner's report to the Trustees of Harborough Youth and Community Trust ('the trust')**
I report to the charity Trustees on my examination of the accounts of the trust for the year ended 30 June 2023.
## **Responsibilities and basis of report**
As the Trustees of the trust (and 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 trust 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 trust's accounts 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 trust 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.
> Signed: Neville Ford Dated: 14 March 2024 Neville Ford (Mar 15, 2024, 4:57pm) Neville Ford ACMA
Business Partners Unit 19 The Manor Main Street Tur Langton LE8 0PJ
Page 8
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2023**
|**Note**
**Income from:**
Donations and legacies
3
Other trading activities
4
**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**33,112**
**14,173**
**47,285**
**763**
**40,868**
**41,631**
**5,654**
**27,313**
**5,654**
**32,967**|**Restricted**
**funds**
**2023**
**£**
**99,726**
**-**
**99,726**
**-**
**87,506**
**87,506**
**12,220**
**17,157**
**12,220**
**29,377**|**Total**
**funds**
**2023**
**£**
**132,839**
**14,173**
**147,011**
**763**
**128,374**
**129,137**
**17,874**
**44,470**
**17,874**
**62,344**|_Total_
_funds_
_2022_
_£_
_101,419_
_7,565_
_108,984_|
|---|---|---|---|---|
|||||_20_
_94,474_
_94,494_|
|||||_14,490_|
|||||_29,980_
_14,490_
_44,470_|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 21 form part of these financial statements.
Page 9
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee) REGISTERED NUMBER: 05484231**
## **BALANCE SHEET AS AT 30 JUNE 2023**
|**Note**
**Fixed assets**
Tangible assets
10
**Current assets**
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
13
Unrestricted funds
13
**Total funds**|**2023**
**£**
**56,715**
**56,715**
**(2,300)**|**2023**
**£**
**7,929**
**7,929**
**54,415**
**62,344**
**62,344**
**62,344**
**29,377**
**32,967**
**62,344**|_2022_
_£_
_36,930_
_36,930_
_(2,452)_|_2022_
_£_
_9,992_|
|---|---|---|---|---|
|||||_9,992_
_34,478_|
|||||_44,470_|
|||||_44,470_|
|||||_44,470_|
|||||_17,157_
_27,313_|
|||||_44,470_|
The trust was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 13 March 2024 and signed on their behalf by:
Page 10
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
# **(A company limited by guarantee) REGISTERED NUMBER: 05484231**
# **BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2023**
~~..............................................~~ Dawn O'Connell (Mar 14, 2024, 5:43pm) .. **DL O'Connell**
Chair
The notes on pages 12 to 21 form part of these financial statements.
Page 11
**HARBOROUGH YOUTH AND COMMUNITY TRUST (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **1. General information**
Harborough Youth & Community Trust is registered in England & Wales as a company limited by guarantee under Companies House registration number 05484231. The members of the company are the Trustees named on the Reference & Administrative Details page. In the event of the Trust being wound up, the liability in respect of the guarantee is limited to £1 per member of the Trust.
The Trust is registered as a charity with the Charity Commission under registration number 1110510.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Harborough Youth and Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the trust has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the trust's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 12
**HARBOROUGH YOUTH AND COMMUNITY TRUST (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **2. Accounting policies (continued)**
## **2.4 Tangible fixed assets and depreciation**
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
- Fixtures and fittings 25% reducing balance
## **2.5 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.6 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the trust anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.7 Financial instruments**
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 13
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **2. Accounting policies (continued)**
## **2.8 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the trust and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the trust for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **3. Income from donations and legacies**
|Donations
Grants
Donations
Grants|**Unrestricted**
**funds**
**2023**
**£**
33,012
100
33,112
_Unrestricted_
_funds_
_2022_
_£_
_31,547_
_1,980_
_33,527_|**Restricted**
**funds**
**2023**
**£**
-
99,726
99,726
_Restricted_
_funds_
_2022_
_£_
_-_
_67,892_
_67,892_|**Total**
**funds**
**2023**
**£**
**33,012**
**99,826**
**132,838**|
|---|---|---|---|
||||_Total_
_funds_
_2022_
_£_
_31,547_
_69,872_
_101,419_|
Page 14
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **4. Income from other trading activities**
## **Income from fundraising events**
|Tuck shop & lettings
Tuck shop & lettings|**Unrestricted**
**funds**
**2023**
**£**
14,173
_Unrestricted_
_funds_
_2022_
_£_
_7,565_|**Total**
**funds**
**2023**
**£**
**14,173**|
|---|---|---|
|||_Total_
_funds_
_2022_
_£_
_7,565_|
## **5. Expenditure on raising funds**
## **Fundraising trading expenses**
||**Unrestricted**|**Total**|
|---|---|---|
||**funds**|**funds**|
||**2023**|**2023**|
||**£**|**£**|
|Allocated centrally incurred fundraising and governance costs|763|**763**|
Page 15
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **5. Expenditure on raising funds (continued) Fundraising trading expenses (continued)**
||_Unrestricted_|_Total_|
|---|---|---|
||_funds_|_funds_|
||_2022_|_2022_|
||_£_|_£_|
|Allocated centrally incurred fundraising and governance costs|_20_|_20_|
## **6. Analysis of expenditure on charitable activities**
**Summary by fund type**
|Projects
Projects
**Analysis of expenditure by activities**
Projects|**Unrestricted**
**funds**
**2023**
**£**
40,868
_Unrestricted_
_funds_
_2022_
_£_
_43,739_
**Activities**
**undertaken**
**directly**
**2023**
**£**
87,614|**Restricted**
**funds**
**2023**
**£**
87,506
_Restricted_
_funds_
_2022_
_£_
_50,735_
**Support**
**costs**
**2023**
**£**
40,760|**Total**
**2023**
**£**
**128,374**|
|---|---|---|---|
||||_Total_
_2022_
_£_
_94,474_|
||||**Total**
**funds**
**2023**
**£**
**128,374**|
## **7. Analysis of expenditure by activities**
Page 16
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **7. Analysis of expenditure by activities (continued)**
||_Activities_|||
|---|---|---|---|
||_undertaken_|_Support_|_Total_|
||_directly_|_costs_|_funds_|
||_2022_|_2022_|_2022_|
||_£_|_£_|_£_|
|Projects|_47,865_|_46,609_|_94,474_|
|**8.**|**Independent examiner's remuneration**|||
|---|---|---|---|
|||**2023**|_2022_|
|||**£**|_£_|
||Fees payable to the trust's independent examiner for the independent|||
||examination of the trust's annual accounts|**792**|_726_|
||Fees payable to the trust's independent examiner in respect of:|||
||All assurance services not included above|**13**|_76_|
## **9. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ .
During the year ended 30 June 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ .
## **10. Tangible fixed assets**
|**Cost or valuation**
At 1 July 2022
Additions
At 30 June 2023|**Fixtures and**
**fittings**
**£**
**46,820**
**579**|
|---|---|
||**47,399**|
Page 17
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **10. Tangible fixed assets (continued)**
|**Depreciation**
At 1 July 2022
Charge for the year
At 30 June 2023
**Net book value**
At 30 June 2023
_At 30 June 2022_|**Fixtures and**
**fittings**
**£**
**36,828**
**2,643**|
|---|---|
||**39,471**|
||**7,928**|
||_9,992_|
## **11. Creditors: Amounts falling due within one year**
|Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure|**2023**
**£**
**330**
**406**
**206**
**1,358**
**2,300**
**2023**
**£**
**56,716**|_2022_
_£_
_330_
_464_
_192_
_1,466_|
|---|---|---|
|||_2,452_|
|||_2022_
_£_
_36,930_|
## **12. Financial instruments**
Financial assets measured at fair value through income and expenditure comprise cash at bank & in hand.
Page 18
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **13. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**|**Balance at 1**
**July 2022**
**£**
**27,313**
**17,157**
**44,470**|**Income**
**£**
**47,285**
**99,726**
**147,011**|**Expenditure**
**£**
**(41,631)**
**(87,506)**
**(129,137)**|**Balance at**
**30 June**
**2023**
**£**
**32,967**|
|---|---|---|---|---|
|||||**29,377**|
|||||**62,344**|
Page 19
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **13. Statement of funds (continued)**
**Statement of funds - prior year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Restricted Funds - all funds
**Total of funds**
**Summary of funds**
**Summary of funds - current year**
General funds
Restricted funds
**Summary of funds - prior year**
General funds
Restricted funds|_Balance at_
_1 July 2021_
_£_
_29,980_
_-_
_29,980_
**Balance at 1**
**July 2022**
**£**
**27,313**
**17,157**
**44,470**
_Balance at_
_1 July 2021_
_£_
_29,980_
_-_
_29,980_|_Income_
_£_
_41,091_
_67,892_
_108,983_
**Income**
**£**
**47,285**
**99,726**
**147,011**
_Income_
_£_
_41,091_
_67,892_
_108,983_|_Expenditure_
_£_
_(43,758)_
_(50,735)_
_(94,493)_
**Expenditure**
**£**
**(41,631)**
**(87,506)**
**(129,137)**
_Expenditure_
_£_
_(43,758)_
_(50,735)_
_(94,493)_|_Balance at_
_30 June_
_2022_
_£_
_27,313_|
|---|---|---|---|---|
|||||_17,157_|
|||||_44,470_|
|||||**Balance at**
**30 June**
**2023**
**£**
**32,967**
**29,377**
**62,344**|
|||||_Balance at_
_30 June_
_2022_
_£_
_27,313_
_17,157_
_44,470_|
## **14. Summary of funds**
Page 20
## **HARBOROUGH YOUTH AND COMMUNITY TRUST**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **15. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2023**
**£**
Tangible fixed assets
7,929
Current assets
27,339
Creditors due within one year
(2,300)
Difference
(1)
**Total**
32,967|**Restricted**
**funds**
**2023**
**£**
-
29,377
-
-
29,377|**Total**
**funds**
**2023**
**£**
**7,929**
**56,716**
**(2,300)**
**1**
**62,344**|
|---|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2022_
_£_
_9,992_
_19,773_
_(2,452)_
_27,313_|_Restricted_
_funds_
_2022_
_£_
_-_
_17,157_
_-_
_17,157_|_Total_
_funds_
_2022_
_£_
_9,992_
_36,930_
_(2,452)_
_44,470_|
|---|---|---|---|
Page 21
## **Issuer**
**Issuer** Business Partners **Document generated** Thu, 14th Mar 2024 12:06:04 UTC **Document fingerprint** 89a82f57f134382dc062e1c6dbd1bcc8
## **Parties involved with this document**
**Document processed Party + Fingerprint** Thu, 14th Mar 2024 17:43:10 UTC Dawn O'Connell - Signer (606edee639b9281acb6c7b543be426c3) Fri, 15th Mar 2024 16:57:32 UTC Neville Ford - Signer (c961576643c69df68772df7feba04953) **Audit history log Date Action** Fri, 15th Mar 2024 16:57:32 UTC Neville Ford viewed the envelope (185.85.84.57) Fri, 15th Mar 2024 16:57:32 UTC This envelope has been signed by all parties (185.85.84.57) Fri, 15th Mar 2024 16:57:32 UTC Neville Ford signed the envelope (185.85.84.57) Fri, 15th Mar 2024 16:57:07 UTC Neville Ford viewed the envelope (185.85.84.57) Thu, 14th Mar 2024 17:43:11 UTC Dawn O'Connell viewed the envelope (87.115.45.222) Thu, 14th Mar 2024 17:43:10 UTC Document emailed to nford@bpartners.co.uk (3.8.157.39) Thu, 14th Mar 2024 17:43:10 UTC Sent the envelope to Neville Ford (nford@bpartners.co.uk) for signing (87.115.45.222) Thu, 14th Mar 2024 17:43:10 UTC Dawn O'Connell signed the envelope (87.115.45.222) Thu, 14th Mar 2024 17:42:37 UTC Dawn O'Connell viewed the envelope (87.115.45.222) Thu, 14th Mar 2024 17:31:34 UTC Dawn O'Connell viewed the envelope (87.115.45.222) Thu, 14th Mar 2024 15:51:59 UTC Dawn O'Connell viewed the envelope (82.132.224.135) Thu, 14th Mar 2024 15:51:47 UTC Dawn O'Connell opened the document email. (82.132.224.135) Thu, 14th Mar 2024 15:51:47 UTC Dawn O'Connell opened the document email. (82.132.224.135) Thu, 14th Mar 2024 12:11:34 UTC Document emailed to dawn@thecubeyouth.uk (18.170.220.106) Thu, 14th Mar 2024 12:11:34 UTC Sent the envelope to Dawn O'Connell (dawn@thecubeyouth.uk) for signing (185.85.84.57) Thu, 14th Mar 2024 12:08:24 UTC Neville Ford has been assigned to this envelope (185.85.84.57) Thu, 14th Mar 2024 12:08:24 UTC Dawn O'Connell has been assigned to this envelope (185.85.84.57) Thu, 14th Mar 2024 12:06:31 UTC Document generated with fingerprint 89a82f57f134382dc062e1c6dbd1bcc8 (185.85.84.57)
Thu, 14th Mar 2024 12:06:04 UTC Envelope generated by Neville Ford (185.85.84.57)