Registered number: 05531622 Charity number: 1112225
**Netherley Youth & Community Initiative Limited INDEPENDENTLY EXAMINED ACCOUNTS FOR THE YEAR ENDED 31/08/2023**
**Prepared By:** Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH
## **Netherley Youth & Community Initiative Limited**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/08/2023**
## **TRUSTEES**
Rachel Ellison Carol Connor (resigned 04/10/2023) Councillor Ruth Bennett Susan Fletcher Mark Ord Father Stephen Pritchard Rebecca Essel Mensah Harriette Gandaa-Niagwan Debra Canon
## **SECRETARY**
Carol Connor (resigned 04/10/2023)
## **REGISTERED OFFICE**
St Gregorys Church Hall 41 Damson Road Liverpool Merseyside L27 8XR
## **COMPANY NUMBER**
05531622
**CHARITY NUMBER** 1112225
## **BANKERS**
Santander, HSBC
## **INDEPENDENT EXAMINER Julie Guinan FCCA**
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House
page 1
**Netherley Youth & Community Initiative Limited**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/08/2023**
Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH
page 2
## **Netherley Youth & Community Initiative Limited**
## **ACCOUNTS**
## **FOR THE YEAR ENDED 31/08/2023**
## **CONTENTS**
||Page|
|---|---|
|Report of the Trustees|4|
|Independent Examiner's Statement|12|
|Statement of Financial Activities|14|
|Balance Sheet|15|
|Notes to the Accounts|16 to 28|
|Detailed Statement of Financial Activities|29|
page 3
**Netherley Youth & Community Initiative Limited**
## **FOR THE YEAR ENDED 31/08/2023**
## **TRUSTEES' REPORT**
The trustees present their report and accounts for the year ended 31/08/2023
The accounts are prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
Company information set out on page 1 forms part of this report. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Companies Act 2006, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their
accounts with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102 (effective 1 January 2019).
## **PRINCIPAL ACTIVITIES**
The principal activity of the charity in the year under review was general charitable purposes for the benefit of the community of Netherley .
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
The organistaion is a charitable company limited by guarantee (registered in England and Wales, No. 05531622) incorporated on 9th August 2005 and was registered as a charity (number 1112225) on 22nd November 2005.
The company was established under a Memorandum of Association which established the objects and powers of the company and is governed by its Articles of Association.
The organisation's board of trustees are also its directors. Members are elected at the Annual General Meetings of the members of the council, with casual vacancies being filled, as required, by the Board of Trustees in accordance with the Articles of Association.
Netherley Youth & Community Initiative Limited (Formerly known as St Gregory's Youth & Community Initiative) is managed and governed by a management committee, consisting of trustees and a number of advisers and staff members. The management committee plans to meet bi-monthly, with additional meetings as and when required, and agenda items include finance, health & safety and staff reports.
## **OBJECTIVES AND ACTIVITIES**
The organisation was established to promote general charitable purposes for the benefit of the community of Netherley, Liverpool and to provide facilities for education or in the interests of social welfare for the recreation or other leisure time occupation of persons who have need of such facilities by reason of their youth, age, infirmity, financial hardship or social circumstances with the object of improving their conditions of life.
page 4
**Netherley Youth & Community Initiative Limited**
## **FOR THE YEAR ENDED 31/08/2023**
## **TRUSTEES' REPORT**
In considering the objectives and activities, the Trustees have considered Charity Commission guidance on Public Benefit to ensure that the organisation is meeting its Public Benefit requirements and delivering access to all.
## **PUBLIC BENEFIT**
In shaping the objectives and planning activities the Charity has given careful consideration to the Charity Commission Guidance on Public Benefit and ensuring that its activities are accessible to all and it applies equal opportunities at every level.
## **ACHIEVEMENTS AND PERFORMANCE**
Netherley Youth and Community Initiative is based in the centre of the Netherley estate and has been at the heart of the community tackling poverty, antisocial behaviour, and crime. The majority of service users struggle financially and are coping with a variety of disadvantages. NY&CI have a brilliant team of staff and volunteers providing excellent work and have established many years of success in supporting families. Building a good reputation, delivering services over the years in making a difference we provide invaluable support and signposting services to alleviate and address issues due to circumstances and disadvantage.
We have successfully obtained funding from the National Lottery and Steve Morgan Foundation to commence a capital project enabling the centre to expand and offer more services. The extension has enabled NY&CI to offer new changing facilities for people with disabilities, enhancing toilet facilities and providing us with a new reception area for the NY&CI centre. The progress of the renovations phase 1 helped us to seek further funding from the Youth Investment Fund to support phases 2 and 3 of the capital project, thereby enabling us to expand for the future and provide facilities for generations to come.
We have adopted and implemented an open-door policy providing instant access, which ensures that we address people's needs and issues as and when they arise.
NY&CI has successfully delivered services to support family needs liaising with other agencies in the area. The NY&CI Manager chairs the Bellevale Forum a multi agency network that coordinates services for the community in order to deliver the highest quality of service to those in need of support in our community.
NY&CI continues to offer educational and recreational courses to the local community enabling people to improve themselves academically and to acquire new skills and increase their wellbeing.
The Steve Morgan Foundation have generously supported us since 2016 with a brand new 17-seater Vauxhall Movano Minibus and salaries to enable us to offer opportunities of Breakfast and Afterschool pick-ups, residential breaks and trips for the children during halfterms. This resource continues to enable the Charity to provide essential support to local families particularly young people.
page 5
## **Netherley Youth & Community Initiative Limited**
## **FOR THE YEAR ENDED 31/08/2023**
## **TRUSTEES' REPORT**
The gardening programme continued increasing people's skills in horticulture and provides opportunity for growing fruit and vegetables. Tackling hunger is a key activity and the Food Bank has been fully accessible throughout the year and has been an essential service and support to families.
NY&CI is a hub with so many resources and sign-posting services for families coping with debt, housing issues, addiction and domestic violence. NY&CI have become integral to this area and offer a strong foundation to support vulnerable families.
NY&CI provides a breakfast and after school club, holiday club and playschemes, educational and recreational courses, trips out, youth club activities, including a growing detached youth provision to challenge anti-social behaviour, provide safe play facilities and access to equipment including bikes for health and wellbeing and encouraging a healthy active lifestyle, an onsite gym, gardening and growing activities, a Food Bank , a Pantry Bus Service and a Swap shop.
NY&CI delivers these vital services to the community all under one roof, making it easier for the families to access support.
NY&CI reaches out to families at grass roots level enriching their lives by providing a wide range of essential, vital services to many in our community who are tackling disadvantage today.
We are once again grateful to all our Funders who enable us to provide life enriching services to our community thereby improving the quality of life for all those living in the area.
Capital grants from the National Lottery and Steve Morgan Foundation have enabled the charity to build an extension to expand the building and improve facilities. A capital grant from the Youth Investment Fund has enabled a pre construction phase 2 for major planned development of the site, including the establishment of a mezzaniine area including a lift shaft to transform the space and offer multiple activities to diverse groups.
## **CHAIRS REVIEW**
Reporting on the activities of the charity last year, the Chair's Report stated that - The Trustees and Manaqer are looking to the future with aspiration, ambition and the resolve to deliver. At that point, we were not able to articulate the exact detail about that future but the events of the past year will hopefully be regarded in the fullness of time as being amongst the most significant in the charity's history and future evolution. In summary, from the uncertainty caused by the lockdown and recovery, the Charity was able to benefit from a capital expansion funded by the National Lottery and is about to enter a period of further growth constituting a major enhancement and upgrade of the facilities and amenities which will create a true community anchor in the heart of Netherley. This has been made possible through the support of the Youth Investment Fund building upon the existing assistance of the National Lottery. The scale of these investments can be described as nothing short of transformational.
page 6
## **Netherley Youth & Community Initiative Limited**
## **FOR THE YEAR ENDED 31/08/2023**
## **TRUSTEES' REPORT**
The Board of Trustees are acutely aware that such major awards increase expectations of future delivery for the young people and wider community in Netherley and they are prepared to take the necessary strategic steps to grow the organisation in structure in readiness for a future which will demand a comprehensive range of facilities and activities – social, educational, health-based and recreational.
During the year to 2023, the staffing structure adopted by Trustees effected a departmental approach to operations with the sub-division of the organisation between Children's Services and Youth & Play – each to be driven by a Co-ordinator. We welcomed Helen Barnes as the Children's Services Co-ordinator but found it more challenging to fill the position of Youth & Play Co-ordinator. Years of funding reductions in Young People's Services have resulted in a sectoral brain drain which must now be reversed. Netherley Youth & Community Initiative will form an essential vanguard of this rebalancing and replenishment underpinned by the Youth Investment Fund.
There is a saying that if you aspire to change the future you must confront the present. The past year has been very difficult for Sharon Williams as Manager and for the staff team. They have had to maintain the now diverse range of services for children, young people and adults in terms of breakfast clubs, after school provision, young people's activities, health-based amenities, educational courses, information, advice and guidance and comprehensive food relief services whilst a construction site resulted in an entire wing being created and tastefully integrated.
This constituted the charity's original expectations but as these have now been greatly expanded our references to Phases are adopted with Phase One (Lottery funded) complete and YIF now funding the further Phase 2 with the requirement for a complete evacuation of the site and decanting of all services an even greater challenge for the team. Fortunately, our Manager has endeavoured tirelessly to accomplish a split site continuity arrangement with local schools and community centres to allow the charity to move into the next year maintaining delivery whilst the main site will be transformed into a facility worthy of the community we serve.
Therefore for another year under challenging conditions, charitable endeavours of Netherley Youth & Community Initiative have been maintained through the dynamism and dedication of Sharon Williams and the excellent staff team plus the food volunteers. As Trustees we remain indebted to our manager, Sharon Williams and to our staff and we consider our good fortune that the talents and qualities of these local residents are able to make a reality of our founders' charitable vision every day we are open.
As Chair my gratitude is extended to our Board of Trustees. Without their strategic direction and willingness to shoulder the legal responsibility for the charity on a voluntary basis, there could be no organisation.
page 7
**Netherley Youth & Community Initiative Limited**
## **FOR THE YEAR ENDED 31/08/2023**
## **TRUSTEES' REPORT**
Key Partnerships with Belle Vale Forum, NYCI Food Pantry, Trussell Trust (South Liverpool Food Bank), Speke Training & Education Centre, Belle Vale Children's Centre, local primary schools, Our Lady of the Assumption RC Parish, Liverpool Archdiocese Centre for Evangelism and other partners have supported delivery.
However, it is the funding partners who make the charitable outcomes possible. This year's delivery would not have been possible without the support of the Charity's key and valued funders including – Youth Investment Fund,National Lottery Community Fund, Henry Smith Charity, Liverpool City Council, MPAC , Garfield Weston Foundation, St Chrisopher Home Trust and especially Steve Morgan Foundation.
As Trustees, we are truly appreciative of the support of funders, we are grateful for the dedication of our staff. However we are, above everything, privileged to be of service to the community of Netherley and Belle Vale Ward and to look to a future in which we operate from a community centre we can all be proud of.
## **FINANCIAL REVIEW**
The results for the year are shown in the financial statements. Total Incoming resources for 2022-2023 were £780,515 (2022 £327,961). Total resources expended were £374,444 (2022 £290,796) giving rise to net incoming resources of £406,071 (2022 £37,165). There were net incoming resources on the unrestricted funds of £6,765 and £399,306 net incoming resources on the restricted funds, including capital funds. At 31 August 2023 the position on the funds was £163,410 unrestricted funds and £480,932 restricted funds giving an overall total of £644,342 (2022 £238,271). Unrestricted funds comprise a general fund of £46,091 and designated funds of £117,319.
## **RISK MANAGEMENT**
The main risks to which the charity is exposed, as identified by the Trustees, have been considered and systems have been established to mitigate those risks.
## **RESERVES POLICY**
It is the policy of the charitable company to maintain unrestricted funds, which are free reserves and designated reserves of the charity, at a level which will allow the charity to cover redundancy costs and continue its activities for six months should no further funding be received.
As at the end of the financial year the unrestricted funds totalled £163,410. The charitable company requires £21,840 for redundancy obligations, and £4,979 for The Netherley Show and £10,500 for targeted needs in our Community, £60,000 development funds for the service, £20,000 resources for the food distribution and pantry bus and £20,546 to be invested in fixed assets leaving £25,545 free reserves (funds not tied up in fixed assets or designated funds). The actual free reserves of £25,545 are less than the ideal level of reserves covering 6 months running costs of £145,000. The Trustees confirm that current business plans indicate that there are sufficient reserves to deliver planned activity but maintaining reserves for a sustainable future is a key objective. Continuous fundraising is a key priority and focus of the Charity to ensure that it has sufficient resources to cover the planned programme.
page 8
**Netherley Youth & Community Initiative Limited**
## **FOR THE YEAR ENDED 31/08/2023**
## **TRUSTEES' REPORT**
## **TRUSTEES**
The names of the trustees who served (at least part way) during the year and/or are in office as at the date of this report can be found on page 1.
The appointment and resignation of trustees are governed by the Memorandum and Articles of Association.
No trustee received any remuneration for their services as a trustee. No trustee has an interest in the contracts of the charity.
## **TRUSTEES RESPONSIBILITIES**
The charity trustees (who are also the directors of Netherley Youth & Community Initiative Limited for the purposes of company law) are responsible for preparing the Trustees' Annual 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 year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure of the company for that period. In preparing the 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;
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK accounting standards 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 charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
page 9
**Netherley Youth & Community Initiative Limited**
## **FOR THE YEAR ENDED 31/08/2023**
## **TRUSTEES' REPORT**
## **APPOINTMENT OF TRUSTEES**
The charitable company seeks to have a wide range of skills and experience on its board, contained within a small number of individuals. Applications are welcome from potential Board members regardless of, for example, ethnic origin or disability. Normally trustees are recruited either through referral by an existing Board member or by direct approaches from individuals.
There is a recruitment process that involves exchange of relevant information, meetings on both sides and an opportunity for the person to attend a Board meeting as an observer before the existing Board members discuss and agree upon the appointment.
Where training needs of Board members are identified, appropriate training is provided.
KEY MANAGEMENT PERSONNEL
Manager: Sharon Williams
Pay policy for senior staff reflects market rates and skills and experience required for the role.
## **OUR VOLUNTEERS**
The Charity is very involved in the Community and relies upon voluntary help and we wish to thank our volunteers for their support and service.
## **RELATED PARTIES**
None of the trustees receive remuneration or other benefit from their work with the charity. Transactions with Trustees are disclosed in the notes to the accounts.
## **INDEPENDENT EXAMINATION**
The independent examiner Julie Guinan on behalf of Harvey Guinan has indicated her willingness to be appointed in office and a resolution will be proposed for re appointment at the forthcoming annual general meeting.
## **APPROVAL**
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 18/04/2024
page 10
**Netherley Youth & Community Initiative Limited**
**FOR THE YEAR ENDED 31/08/2023 TRUSTEES' REPORT**
Mark Ord Trustee
page 11
## **Netherley Youth & Community Initiative Limited**
## **INDEPENDENT EXAMINER'S STATEMENT**
## **FOR THE YEAR ENDED 31/08/2023**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NETHERLEY YOUTH & COMMUNITY INITIATIVE LIMITED**
I report on the accounts of the company for the year ended 31/08/2023 .
## **RESPONSIBILITIES AND BASIS OF REPORT**
As the charity's trustees of the Company (who are also the directors of the company 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 for this year 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 EXAMINERS STATEMENT**
The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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.
page 12
**Netherley Youth & Community Initiative Limited**
## **INDEPENDENT EXAMINER'S STATEMENT**
## **FOR THE YEAR ENDED 31/08/2023**
...................................................Julie Guinan FCCA Independent Examiner Date: 18/04/2024
Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH 0151 709 7797
page 13
**Netherley Youth & Community Initiative Limited**
## **Statement of Financial Activities for the year ended 31/08/2023**
|**Income**
Income from generated funds
Other trading activities
Income from Investments
Income from charitable activities
**Total Income**
**Expenses**
Costs of generating funds
Expenditure on Charitable activities
**Total Expenses**
**Net Income**
**Net movement in funds:**
**Net income for the year**
Total funds brought forward
**Net funds carried forward**|**Unrestricted**
**funds**
**£**
9,415
2,587
65,871
**77,873**
71,108
**71,108**
**6,765**
**6,765**
156,645
**163,410**|**Restricted**
**funds**
**£**
-
-
702,642
**702,642**
303,336
**303,336**
**399,306**
**399,306**
81,626
**480,932**|**2023**
**Total**
**£**
9,415
2,587
768,513
**780,515**
374,444
**374,444**
**406,071**
**406,071**
238,271
**644,342**|_2022_
_Total_
_£_
_5,427_
_94_
_322,440_|
|---|---|---|---|---|
|||||_327,961_|
|||||_290,796_|
|||||_290,796_|
|||||_37,165_|
|||||_37,165_
_201,106_|
|||||_238,271_|
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
page 14
## **Netherley Youth & Community Initiative Limited**
## **BALANCE SHEET AT 31/08/2023**
|**Notes**
**FIXED ASSETS**
Tangible assets
4
**CURRENT ASSETS**
Debtors (amounts falling due within one year)
5
Cash at bank and in hand
**CREDITORS: Amounts falling due within one year**
6
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**RESERVES**
**Unrestricted funds**
**8**
General fund
Designated funds
**Restricted funds**
**9**|9,993
299,019
309,012
117,942|**2023**
**£**
453,272
191,070
644,342
46,091
117,319
**480,932**
644,342|_5,704_
_265,375_
_271,079_
_32,852_|_2022_
_£_
_44_
_238,227_|
|---|---|---|---|---|
|||||_238,271_|
|||||_127,540_
_29,105_
_81,626_|
|||||_238,271_|
For the year ending 31/08/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
## **Approved by the board of trustees on 18/04/2024 and signed on their behalf by**
.............................
Mark Ord Trustee
page 15
**Netherley Youth & Community Initiative Limited**
**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/08/2023**
## **1. ACCOUNTING POLICIES**
## **1a. Basis Of Accounting**
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **1b. Incoming Resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **1c. Resources Expended**
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.
## **1d. Allocation And Apportionment Of Costs**
All costs relate to the single activity of the charitable company and are recognised accordingly.
page 16
**Netherley Youth & Community Initiative Limited**
## **1e. 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.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
## **1f. Depreciation**
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
No depreciation is provided in these accounts on short leasehold additions comprising phase 1 building costs for an extension and phase 2 pre construction costs as phase 1 completed at the year end and phase 2 pre construction is ongoing.
Fixtures And Fittings
straight line 25 %
## **1g. Pension Costs**
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
## **1h. Policy For Debtors**
Trade and other debtors are recognised at their setllement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discount due.
## **1i. Policy For Income Recognition**
Items of income are recognised and included in the acounts when all the following are met: (1) The charity has entitlement to the funds; (2) Any performance conditions attached to the income have been met or are fully within the control of the charity; (3) There is sufficient certainty that receipt of the income is considered probable and (4) The amount can be measured reliably.
page 17
**Netherley Youth & Community Initiative Limited**
## **1j. Policy For Cash At Bank And In Hand**
Cash at bank and in hand includes cash and short term liquid investments with a short maturity of three months or less from the date of acquistion or opening of the deposit or similar account.
## **1k. Policy For Creditors And Provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement value amount after allowing for any discount due.
## **1l. Policy For Financial Instruments**
The charity has financial assets and financial liabilities of a kind that qualify the basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **1m. Policy For Basis Of Preparation Of Accounts**
The Trustees have reasonable expectation that the charity will be able to continue in operational existence for the foreseeable future and therefore consider the use of the going concern basis to be appropriate.
## **1n. Policy For Taxation**
Income and Gains are exempt from taxation as they are applied for charitable purposes only. The charitable company benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions.
page 18
**Netherley Youth & Community Initiative Limited**
## **1o. Leases**
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.
## **2. DIRECTORS AND EMPLOYEES**
Particulars of employees (including directors) are shown below:
|Employee costs during the year amounted to:
Wages and salaries
Social security costs
Pension costs
The average weekly numbers of employees during the year were as follows:
Management and administration|**2023**
**£**
154,748
1,926
1,917
158,591
**2023**
**No.**
-
-|_2022_
_£_
_115,026_
_8,680_
_2,960_|
|---|---|---|
|||_126,666_|
|||_2022_
**No.**
_7_|
|||_7_|
The number of employees were Manager: 1; Assistant Manager: 1; Part time Activity Workers: 10 ; Part time Administrative Worker : 1. No Trustee received any remuneration.
page 19
## **Netherley Youth & Community Initiative Limited**
## **3. PENSION CONTRIBUTIONS**
|**3. PENSION CONTRIBUTIONS**|||
|---|---|---|
|Pension contributions|**2023**
**£**
1,917
1,917|_2022_
_£_
_2,960_|
|||_2,960_|
## **4. TANGIBLE FIXED ASSETS**
|**Cost**
At 01/09/2022
Additions
At 31/08/2023
**Depreciation**
At 01/09/2022
For the year
At 31/08/2023
**Net Book Amounts**
At 31/08/2023
At 31/08/2022|**Short**
**Leasehold**
**Properties**
**£**
-
444,762
444,762
-
-
-
444,762
-|**Fixtures**
**and**
**Fittings**
**£**
4,263
8,495
12,758
4,231
29
4,260
8,498
32|**Equipment**
**£**
22,804
-
22,804
22,792
-
22,792
12
12|**Total**
**£**
27,067
453,257|
|---|---|---|---|---|
|||||480,324|
|||||27,023
29|
|||||27,052|
|||||453,272|
|||||44|
Short leasehold property comprises a 25 year lease from 1 July 2019 on the premises occupied in 41 Damson Road granted by the Archdiocese of Liverpool.
page 20
## **Netherley Youth & Community Initiative Limited**
|**5. DEBTORS**
Amounts falling due within one year:
Trade debtors
Other debtors|**2023**
**£**
252
9,741
9,993|_2022_
_£_
_5,008_
_696_|
|---|---|---|
|||_5,704_|
## **6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|
|Trade creditors
Taxation and social security
Other creditors|**2023**
**£**
11,968
-
105,974
117,942|_2022_
_£_
_522_
_676_
_31,654_|
|||_32,852_|
## **7. LIMITED BY GUARANTEE**
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £10, to the company should it be wound up. At 31/08/2023 there were 9 members.
page 21
**Netherley Youth & Community Initiative Limited**
## **8. UNRESTRICTED FUNDS**
|General fund
Designated Organisational Fund
Netherley Show Designated Fund
Designated Community Fund
Designated Development Fund
Designated Pantry Fund|**Brought**
**forward**
**£**
127,540
13,626
4,979
10,500
-
-
156,645|**Incoming**
**resources**
**£**
77,873
-
-
-
-
-
77,873|**Outgoing**
**resources**
**£**
(71,108)
-
-
-
-
-
(71,108)|**Transfers**
**£**
(88,214)
8,214
-
-
60,000
20,000
-|**Carried**
**forward**
**£**
46,091
21,840
4,979
10,500
60,000
20,000|
|---|---|---|---|---|---|
||||||163,410|
## **Designated Organisational Fund**
Amounts are specifically set aside to cover potential redundancy costs.
## **Netherley Show Designated Fund**
Funds set aside for Netherley Show
## **Designated Community Fund**
Funds and resources for targeted need in our community and meeting unforseen costs
## **Designated Development Fund**
Funds for development of the service including staff and meeting unforseen costs
## **Designated Pantry Fund**
Funds for resources for the development of the pantry service
page 22
**Netherley Youth & Community Initiative Limited**
## **9. RESTRICTED FUNDS**
|Andrew Mitchell Christian Charitable Trust
National Lottery Main Grant
Liverpool City Council - Youth & Play
LCVS Community Impact Fund
Liverpool City Council Mayoral Neighbourhood Fund
Feeding Liverpool
Steve Morgan Foundation
The Henry Smith Charity
Riverside
MPAC - Merseyside Play Action Council
Garfield Weston Foundation
PH Holt Foundation
Community Organisations Cost of Living Fund
LCVS HAF
St James Place Charitable Foundation
St Christopher Home Trust
Small Grants and Donations
YIF - capital grant
National Lottery - capital grant
Steve Morgan Foundation - capital grant|**Brought**
**forward**
**£**
1,004
12,552
12,501
751
-
-
-
18,119
-
-
15,000
736
-
-
964
18,225
1,774
-
-
-
81,626|**Incoming**
**resources**
**£**
26,000
47,800
47,961
-
4,300
27,418
11,646
39,300
12,000
8,000
15,000
-
9,741
20,000
-
-
750
92,099
298,627
42,000
702,642|**Outgoing**
**resources**
**£**
(25,807)
(52,385)
(60,344)
(751)
(3,654)
(27,418)
(11,646)
(41,044)
(11,964)
(8,000)
(15,000)
-
(9,741)
(20,000)
(964)
(12,094)
(2,524)
-
-
-
(303,336)|**Transfers**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Carried**
**forward**
**£**
1,197
7,967
118
-
646
-
-
16,375
36
-
15,000
736
-
-
-
6,131
-
92,099
298,627
42,000|
|---|---|---|---|---|---|
||||||480,932|
## **Andrew Mitchell Christian Charitable Trust**
Funds received towards salary costs, Easter & Summer activities, Christmas activities, Foodbank , Minibus and other assets.
## **National Lottery Main Grant**
Main grant funding for projects activities salaries and overheads and supporting those in need.
## **Liverpool City Council - Youth & Play**
Grants for Partners and area activity.
## **LCVS Community Impact Fund**
Funds for Breakfast Club and Youth Activity.
## **Liverpool City Council Mayoral Neighbourhood Fund**
page 23
**Netherley Youth & Community Initiative Limited**
Funds to relieve hardship and for food, essential supplies and Christmas support.
## **Feeding Liverpool**
Funds for supplying good food to the community
## **Steve Morgan Foundation**
Funds for salary projects activities and overhead for services and support to our community and those in need.
## **The Henry Smith Charity**
Funding for salary and on costs.
## **Riverside**
Funds to support those facing food poverty
## **MPAC - Merseyside Play Action Council**
Funds for Play Equipment and Club Activity.
## **Garfield Weston Foundation**
Funds for salaries and oncosts.
## **PH Holt Foundation**
Project and Equipment Funds.
## **Community Organisations Cost of Living Fund**
Funds to support communities under pressure caused by the increased cost of living.
## **LCVS HAF**
Funds for holiday activities and food.
## **St James Place Charitable Foundation**
Funds activities and food
## **St Christopher Home Trust**
Funds for Community Activity and Support to those in need.
## **Small Grants and Donations**
Small grants and donations for specific activities and support and services to those in need in our community.
page 24
**Netherley Youth & Community Initiative Limited**
## **YIF - capital grant**
Funds for pre-construction costs of phase 2 refurbishment
## **National Lottery - capital grant**
Funding for phase 1 development - a building extension
## **Steve Morgan Foundation - capital grant**
Funding for phase 1 development - a building extension
## **10. RELATED PARTY TRANSACTIONS**
Councillor Ruth Bennett is a trustee of the charity and a Liverpool City Councillor. The charity received funding from Liverpool City Council during the year of £52,261.
The remuneration of key management personnel was £43,283 (2022 £39,420). There were no employees whose annual remuneration was £60,000 or more.
page 25
**Netherley Youth & Community Initiative Limited**
## **11. ANALYSIS OF INCOMING RESOURCES**
|**Incoming Resources from Generating Funds:**
Donations
Miscellaneous
**Investment Income:**
Bank Interest
**Charitable Activities:**
Grant Income
LCVS HAF
Room Hire
Clubs (Holiday Club & Youth, Breakfast, After School)
Food Pantry
Tuck Shop
Bonus Ball
Gym + Parent & Toddler
Community Organisations Cost of Living Fund
City of Liverpool
St Christopher's Home Trust
The Steve Morgan Foundation
The Andrew Mitchell Charitable Trust
National Lottery
MPAC
Feeding Liverpol
LCC Mayoral Neighbourhood Fund
Youth Investment Fund (YIF)|**2023**
**£**
5,152
4,263
2,587
67,050
22,500
1,750
45,292
15,079
2,535
427
788
9,741
47,961
-
53,646
26,000
346,427
5,500
27,418
4,300
92,099
780,515|**2022**
**£**
2,547
2,880
94
109,356
7,770
2,050
41,273
13,560
2,567
614
5
-
40,280
24,000
20,965
12,000
48,000
-
-
-
-
327,961|
|---|---|---|
## **12. COMPANY INFORMATION**
Netherley Youth and Community Initiative Limited, a company limited by guarantee, is incorporated and domiciled in England and Wales, and has its registered office and principal place of business at St Gregory's Church Hall, 41 Damson Road, Liverpool L27 8XR.
page 26
**Netherley Youth & Community Initiative Limited**
## **13. RESOURCES EXPENDED**
|Charitable Activity
**Direct Project Costs**
Volunteer Expenses
Premises
Staff Costs
Professional Fees
Project Activites & Expenses
General Overhead Costs
Depreciation
**Total Charitable Expenditure**
Governance Costs
**Total Expenditure**|**2023**
**£**
6,859
47,524
158,591
28,414
105,205
25,349
29
____________________
371,971
2,473
374,444|**2022**
**£**
3,243
20,438
126,666
33,218
83,345
21,172
1,064
____________________
289,146
1,650
290,796|
|---|---|---|
## **14. OPERATING LEASE COMMITMENTS**
The charity has a 25 year lease from 1 July 2019 on the premises that it occupies in 41 Damson Road that was completed 8 October 2021 and no rent or lease premium is payable.
||2023|2023|2022|2022|
|---|---|---|---|---|
||Land &|Other|Land &|Other|
||Buildings|Items|Buildings|Items|
||£|£|£|£|
|Operating Leases which expire:|||||
|Within 1 Year|-|-|-|-|
|2 to 5 Years|-|-|-|-|
|After 5 Years|-|-|-|-|
||--------|--------|--------|--------|
||-|-|-|-|
||=====|=====|=====|=====|
page 27
**Netherley Youth & Community Initiative Limited**
## **15. NET ASSETS BY FUND**
||Unrestricted|Restricted|Total|
|---|---|---|---|
||Funds|Funds|Funds|
||£|£|£|
|Tangible Fixed Assets|20,546|432,726|453,272|
|Net Current Assets|142,864|48,206|191,070|
||---------------|-------------|----------|
||163,410|480,932|644,342|
||========|=======|======|
page 28