Company registration number: 05639458 Charity registration number: 1112691
The Source Young People's Charity
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March 2024
Contents
| Reference and Administrative Details | 1 |
|---|---|
| The Source Young People's Charity Trustees' Report | 2 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 17 |
Reference and Administrative Details
Chairman
Dr Jos Johnston BEM
Trustees
Dr Barry Bird
Mr Stephen Delves Mr Tim Heys Dr Jos Johnston BEM Mr Roger Holder Mrs Joy North Mrs Pamela Welch
Senior Management / Leadership Team
Mr Peter James Shears, Chief Executive Officer
Charity Registration Number 1112691
Company Registration Number 05639458
Registered Office
2nd Floor Imperial House 2 Grosvenor Road Aldershot Hampshire GU11 1DP
Page 1
The Source Young People's Charity Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 March 2024.
Objectives and activities
Objects and aims
In our Memorandum and Articles of Association our objectives are:
The provision of facilities for recreational and other leisure-time occupation, including but not by way of limitation the provision of education and training in life skills in the interests of social welfare for persons who have need by reason of their youth, poverty or social and economic circumstances and with the object of improving their condition of life in Aldershot, Hampshire and in such other parts of the United Kingdom as the Trustees from time to time think fit.
Our mission is to serve the local community as an expression of our Christian faith, by providing support for young people aged 11 to 25 years, who are struggling with their wellbeing and mental health. Through providing opportunities to increase their resilience, confidence and self-esteem, our aim is for them to live healthy, hopeful and fulfilled lives. We celebrate diversity and our doors are open to everyone regardless of belief or background, as demonstrated by the wide range of local agencies who recommend our services to young people and families.
Our vision is to see all local young people who are struggling with their mental health and wellbeing, living fulfilled, thriving and hopeful lives.
Our Values:
Welcoming - recognising everyone as unique and special, respecting their background and beliefs Compassionate - acknowledging the needs of others and striving to help Hopeful - seeing the potential in all, and enabling them to realise it Collaborative - working together, willing to learn with humility, recognising our strengths and weaknesses Prayerful - bringing everything before God, for help and strength
Our Focus:
We support local young people who are struggling with their wellbeing or mental health. Counselling is a strong focus for our work, but in 2022/23 we started to create and test new activities to offer further early help support, and this has continued in 2023/24. As described below, we have created several new activities to enable young people to improve their wellbeing before any health issues worsen. BikeStart has played an important role in this through developing support programmes for young people based round bike maintenance, and several young people have been referred to us by the Hampshire Youth Offending Team.
Measuring our impact remains important for us. We continue to develop wellbeing programme impacts using the PHQ-9 and GAD-7 measurement tools to evaluate depression and anxiety symptoms respectively. For our new early help programmes, we have developed measurement systems which assist us to evaluate self-esteem and resilience. As in the report below, we are seeing very positive outcomes for a high percentage of participants.
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
The Source Young People's Charity Trustees' Report
Review of charitable activities undertaken
In 2023 / 24 we further developed our plan to offer additional preventative / early help support for young people struggling with their wellbeing. Alongside our 1 to 1 counselling sessions, we provided opportunities for support at an early stage, creating resilience against further mental health challenges in the future. Using the NHS 5 Ways to Wellbeing as our model, we developed a series of workshops, each designed to provide a boost for young people's wellbeing. The programme offers opportunities for physical activity, relaxation / mindfulness, learning new skills, connecting / new friendships, and giving to others. We have also developed our Activity Mentoring project which delivers Bike Maintenance skills for a range of local young people including those who are neurodivergent, homeless, or supported through reparation linked to the Youth Justice Service.
Each programme is detailed below:
Counselling:
- 46 young people aged 13 to 25 supported with up to 12 counselling / therapeutic mentoring sessions each.
Wellbeing Activity Programme
- 36 young people aged 11 to 17 supported through wellbeing workshops during the school holidays this year. These included Motivational Artwork, Photography, Salsa Drumming, Garden Makeover Challenges, Cookery, and Indoor Gardening. Groups are designed to be kept small to provide a calm and relaxed environment. Many participants have social / communication needs, or struggle with sensory challenges. Sessions are advertised for “anyone needing a boost to their wellbeing” and all participants are welcomed.
Feedback showing that our workshops were both popular and helpful, included the following:
-
85% reported an increase in their confidence.
-
90% stated that they had learnt new skills.
-
82% felt that the sessions improved their friendships / social skills.
Some parents said:-
“It is such a valuable opportunity for isolated young people to meet other young people and get out of the home”.
“My daughter really shies away from socialising. After a lot of persuasion, she agreed to attend a couple of these workshops with her friends. It was really good to see, and hear, how much she loved these”.
Activity Mentoring
This project has steadily grown and developed during the year, with a significant rise in enquiries for new sessions. A local volunteer (aged 23) who was supported / mentored by our Bikestart volunteers during 2022/2023, has qualified as a Bike technician and now mentors and teaches other young people through Bike Maintenance workshops. This year, he and the other volunteers have supported 24 young people.
-
Two young people with learning disabilities each receiving a course of 12 sessions.
-
Autistic young person supported as a volunteer for over 80 hours.
-
Three young people supported with reparation alongside Hampshire Youth Offending Team
-
Young person from a homeless hostel supported to begin a 12-week course.
Seventeen others attended introductory Bike Maintenance workshops throughout the year.
Page 4
Practical support.
As well as training young people, Bikestart continues to provide a sustainable income for our support programmes through the refurbishment and sales of donated bikes. This year, over 500 bikes were donated by local people, of which 233 were refurbished and sold, and an additional 90 were donated to other local people in need. A further 241 bike services were provided, using rescued / recycled parts where possible from other donated bikes.
The donated bikes were supported by a grant from Farnborough Airport sustainability fund, and Surrey County Council, and recipients included referrals from social care and employability programmes, those with challenging financial circumstances, local asylum seekers / refugees, and rewards for young volunteers.
A HUGE THANK YOU TO ALL OUR INCREDIBLE SUPPORTERS
Your generosity means so much to us and the young people we support and empower. Thank you to everyone who has supported our work by making an individual donation (monthly donors and one-off) or giving your time. Your contribution is important and valued, and we appreciate your partnership with us.
Organisational Donors for 2023-2024
Thank you to the local churches, businesses and societies who have donated funds and in-kind support in 2023/2024.
These include:
Broadhurst Trust, Garfield Weston, Benefact, Girdler's Company, Albert Hunt Trust, Shanly Foundation, Lloyds Bank Foundation, St Peter's Church, Farnborough, Holy Trinity Church Aldershot, Aldershot Baptist Church, St Michael's Church, Aldershot, St Paul’s Church, Tongham, Mytchett Ministries, Rushmoor BC, Grainger (Bikestart facilities), Aldershot Rotary Club, and Eggers Hill Retirement Home.
Thank you also to everyone who supported BikeStart through donating an old bike, purchasing a bike, booking bike maintenance training or getting your bike repaired/serviced. The funds raised by this social enterprise provide further valuable contributions to the lives of vulnerable young people.
Structure, governance and management
Nature of governing document
The governing document of The Source Young People's Charity is the Memorandum and Articles of Association dated 29th November 2005 which was amended in January 2011.
Page 4
The Source Young People's Charity Trustees' Report
Recruitment and appointment of trustees
The Source Young People's Charity is an independent charity and is not affiliated to any other organisation.
The members of The Source Young People's Charity are the Trustees and the legal minimum number of Trustees is three. The Board of Trustees may by ordinary resolution appoint a person who is willing to act to be a trustee. New Trustees are recruited through local publicity (e.g. through the website, volunteering sites and newsletters.) Applicants undergo a comprehensive recruitment procedure which focuses on the skills, knowledge and experience of the applicant and the needs of the Charity. The induction of new Trustees may include shadowing with staff and volunteers, site visits, mentoring from a Trustee and formal in-house training as part of their ongoing development.
Board meetings are held at least quarterly (although usually more frequently.) At board meetings governance, strategic plans, operational plans, policies, risk assessments, budgets etc are reviewed and decisions made.
Organisational structure
Management
During the year 2023/24 the CEO was Mr Peter Shears, who is responsible for implementing the decisions made at Board meetings, reporting back to the Board and ensuring The Source's work is fully resourced and carried out to the highest standards. The CEO receives regular supervision from the Chair.
Statement of trustees' responsibilities
The trustees (who are also the directors of The Source Young People's Charity 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial year. 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 charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Page 5
The Source Young People's Charity Trustees' Report
Disclosure of information to auditor
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
The annual report was approved by the trustees of the charity on 22[nd] October 2024 and signed on its behalf by:
Dr Jos Johnston BEM Chairman and Trustee
Page 6
Independent Examiner's Report to the trustees of The Source Young People's Charity ('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:
-
accounting records were not kept in respect of The Source Young People's Charity as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
T Jenkins-Avery
...................................... Trudie Jenkins-Avery MTD Accountancy Ltd
Date:...16./12/2024..........................
Page 7
Statement of Financial Activities for the Year Ended 31 March 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note | Unrestricted funds Restricted funds Total 2024 |
|---|---|
| £ £ £ |
|
| Income and Endowments from: | |
| Donations and legacies 3 |
81,256 33,072 114,328 |
| Charitable activities 4 |
42,406 - 42,406 |
| Other trading activities 5 |
88 - 88 |
| Investment income 6 |
1,322 - 1,322 |
| Total income | 125,072 33,072 158,144 |
| Expenditure on: | |
| Charitable activities 8 |
(116,731) (33,455) (150,186) |
| Total expenditure | (116,731) (33,455) (150,186) |
| Net income/(expenditure) | 8,341 (383) 7,958 |
| Transfers between funds | (383) 383 - |
| Net movement in funds | 7,958 - 7,958 |
| Reconciliation of funds | |
| Total funds brought forward | 50,145 - 50,145 |
| Total funds carried forward 15 |
58,103 - 58,103 |
| Note | Unrestricted funds Restricted funds Total 2023 |
| £ £ £ |
|
| Income and Endowments from: | |
| Donations and legacies 3 |
64,180 14,774 78,954 |
| Charitable activities 4 |
41,236 - 41,236 |
| Other tradingactivities 5 |
43 - 43 |
| Total income | 105,459 14,774 120,233 |
| Expenditure on: | |
| Raising funds 7 |
(157) - (157) |
| Charitable activities 8 |
(94,709) (33,365) (128,074) |
| Total expenditure | (94,866) (33,365) (128,231) |
| Net income/(expenditure) | 10,593 (18,591) (7,998) |
| Transfers between funds | (18,591) 18,591 - |
| Net movement in funds | (7,998) - (7,998) |
| Reconciliation of funds | |
| Total funds brought forward | 58,143 - 58,143 |
| Total funds carried forward 15 |
50,145 - 50,145 |
All of the charity's activities derive from continuing operations during the above two periods.
The notes on pages 9 to 16 form an integral part of these financial statements. Page 8
(Registration number: 05639458) Balance Sheet as at 31 March 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Fixed assets | ||||
| Tangible assets | 11 | 765 | 1,276 | |
| Current assets | ||||
| Debtors | 12 | 21,909 | 3,916 | |
| Cash at bank and in hand | 13 | 63,917 | 88,595 | |
| 85,826 | 92,511 | |||
| Creditors: Amounts falling due within oneyear | 14 | (28,488) | (43,642) | |
| Net currentassets | 57,338 | 48,869 | ||
| Netassets | 58,103 | 50,145 | ||
| Funds of the charity: | ||||
| Unrestricted income funds | ||||
| Unrestricted funds | 58,103 | 50,145 | ||
| Total funds | 15 | 58,103 | 50,145 |
For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 7 to 16 were approved by the trustees, and authorised for issue on 22[nd] October 2024 and signed on their behalf by:
Dr Jos Johnston BEM Chairman and trustee
The notes on pages 9 to 16 form an integral part of these financial statements. Page 9
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Charity status
The charity is limited by guarantee, incorporated in , and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: 2nd Floor Imperial House 2 Grosvenor Road Aldershot Hampshire GU11 1DP
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
The Source Young People's Charity 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 notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Page 10
Notes to the Financial Statements for the Year Ended 31 March 2024
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Deferred income
Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:
- The donor specifies that the grant or donation must only be used in future accounting periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Investment income
Bank interest received is included at the date of receipt.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Page 11
Notes to the Financial Statements for the Year Ended 31 March 2024
Tangible fixed assets
Individual fixed assets costing £50.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class
Plant & Machinery
Depreciation method and rate 25% straight line on additions
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
3 Income from donations and legacies
| 3 Income from donations and legacies |
|
|---|---|
| Unrestricted funds Restricted Total |
|
| General funds funds |
|
| £ £ £ |
|
| Donations and legacies; | |
| Donations | 19,023 - 19,023 |
| Gift aid reclaimed | 2,033 - 2,033 |
| Grants, including capital grants; | |
| Grants from other charities | 60,200 33,072 93,272 |
| Total for 2024 | 81,256 33,072 114,328 |
| Total for 2023 | 64,180 14,774 78,954 |
Page 12
Notes to the Financial Statements for the Year Ended 31 March 2024
4 Income from charitable activities
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Total | |||
| General | funds | |||
| £ | £ | |||
| Bike Start income | 42,406 | 42,406 | ||
| Total for 2024 | 42,406 | 42,406 | ||
| Total for 2023 | 41,236 | 41,236 | ||
| 5 Income from other trading activities |
||||
| Unrestricted | ||||
| funds | Total | |||
| General | funds | |||
| £ | £ | |||
| Events income; | ||||
| Other events income | 88 | 88 | ||
| Total for 2024 | 88 | 88 | ||
| Total for 2023 | 43 | 43 | ||
| 6 Investment income |
||||
| Unrestricted | ||||
| funds | Total | |||
| General | funds | |||
| £ | £ | |||
| Interest receivable and similar income; | ||||
| Interest receivable on bank deposits | 1,322 | 1,322 | ||
| Total for 2024 | 1,322 | 1,322 |
- 7 Expenditure on raising funds
Costs of trading activities )
| ) Costs of trading activities |
|
|---|---|
| Unrestricted funds Total |
|
| Note | General funds |
| £ £ |
|
| Total for 2024 | - - |
| Total for 2023 | 157 157 |
Page 13
Notes to the Financial Statements for the Year Ended 31 March 2024
8 Expenditure on charitable activities
| 8 Expenditure on charitable activities |
|
|---|---|
| Unrestricted funds Restricted Total |
|
| Note | General funds funds |
| £ £ £ |
|
| Staff costs | 54,715 30,942 85,657 |
| Allocated support costs | 56,849 2,513 59,362 |
| Governance costs | 5,167 - 5,167 |
| Total for 2024 | 116,731 33,455 150,186 |
| Total for 2023 | 94,709 33,365 128,074 |
==> picture [524 x 121] intentionally omitted <==
Other governance costs Allocated support costs
Total for 2024
Total for 2023
Page 14
Notes to the Financial Statements for the Year Ended 31 March 2024
9 Staff costs
The aggregate payroll costs were as follows:
| The aggregate payroll costs were as follows: | |
|---|---|
| 2024 2023 |
|
| £ £ |
|
| Staff costs during the year were: | |
| Wages and salaries | 81,399 69,563 |
| Social security costs | 1,178 - |
| Pension costs | 1,685 1,339 |
| Other staff costs | 1,395 1,899 |
| 85,657 72,801 |
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| during the year expressed as full time equivalents was as follows: | |
|---|---|
| 2024 2023 |
|
| No No |
|
| Average number of employees | 5 4 |
No employee received emoluments of more than £60,000 during the year.
Page 15
Notes to the Financial Statements for the Year Ended 31 March 2024
10 Taxation
The charity is a registered charity and is therefore exempt from taxation.
11 Tangible fixed assets
| 11 Tangible fixed assets |
|
|---|---|
| Furniture and equipment £ Total £ |
|
| Cost | |
| At 1 April 2023 | 28,936 28,936 |
| At 31 March 2024 | 28,936 28,936 |
| Depreciation | |
| At 1 April 2023 | 27,660 27,660 |
| Charge for theyear | 511 511 |
| At 31 March 2024 | 28,171 28,171 |
| Net book value | |
| At 31 March 2024 | 765 765 |
| At 31 March 2023 | 1,276 1,276 |
| 12 Debtors |
|
| 2024 2023 |
|
| £ £ |
|
| Trade debtors | 21,909 3,914 |
| Other debtors | - 2 |
| 21,909 3,916 |
|
| 13 Cash and cash equivalents |
|
| 2024 2023 |
|
| £ £ |
|
| Cash at bank | 63,917 88,595 |
| 14 Creditors: amounts falling due within one year |
|
| 2024 2023 |
|
| £ £ |
|
| Other creditors | 2,776 2,110 |
| Accruals | 2,280 2,510 |
| Deferred income | 23,432 39,022 |
| 28,488 43,642 |
Page 16
Notes to the Financial Statements for the Year Ended 31 March 2024
15 Funds
| 15 Funds |
15 Funds |
||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at 31 | ||||
| April | 2023 | resources | expended | Transfers | March | 2024 | |
| £ | £ | £ | £ | £ | |||
| Unrestricted funds | |||||||
| General | 50,145 | 125,072 | (116,731) | (383) | 58,103 | ||
| Restricted funds | - | 33,072 | (33,455) | 383 | - | ||
| Total funds | 50,145 | 158,144 | (150,186) | - | 58,103 | ||
| Balance at 1 | Incoming | Resources | Balance at 31 | ||||
| April | 2022 | resources | expended | Transfers | March | 2023 | |
| £ | £ | £ | £ | £ | |||
| Unrestricted funds | |||||||
| General | 58,143 | 105,459 | (94,866) | (18,591) | 50,145 | ||
| Restricted funds | - | 14,774 | (33,365) | 18,591 | - | ||
| Total funds | 58,143 | 120,233 | (128,231) | - | 50,145 |
16 Analysis of net assets between funds
| Unrestricted | Total funds at 31 | ||
|---|---|---|---|
| funds | March | ||
| General | 2024 | ||
| £ | £ | ||
| Tangible fixed assets | 765 | 765 | |
| Current assets | 85,826 | 85,826 | |
| Current liabilities | (28,488) | (28,488) | |
| Total net assets | 58,103 | 58,103 | |
| Unrestricted | Total funds at 31 | ||
| funds | March | ||
| General | 2023 | ||
| £ | £ | ||
| Tangible fixed assets | 1,276 | 1,276 | |
| Current assets | 92,511 | 92,511 | |
| Current liabilities | (43,642) | (43,642) | |
| Total net assets | 50,145 | 50,145 |
17 Related party transactions
Page 17
Statement of Financial Activities by fund for the Year Ended 31 March 2024
Unrestricted Funds
| Unrestricted Funds | |
|---|---|
| Total Total |
|
| Unrestricted Unrestricted |
|
| Funds Funds |
|
| 2024 2023 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies | 81,256 64,180 |
| Charitable activities | 42,406 41,236 |
| Other trading activities | 88 43 |
| Investment income | 1,322 - |
| Total income | 125,072 105,459 |
| Expenditure on: | |
| Raising funds | - (157) |
| Charitable activities | (116,731) (94,709) |
| Total expenditure | (116,731) (94,866) |
| Net income | 8,341 10,593 |
| Transfers between funds | (383) (18,591) |
| Net movement in funds | 7,958 (7,998) |
| Reconciliation of funds | |
| Total funds brought forward | 50,145 58,143 |
| Total funds carried forward | 58,103 50,145 |
This page does not form part of the statutory financial statements. Page 18
Statement of Financial Activities by fund for the Year Ended 31 March 2024
Restricted Funds
| Restricted Funds | |
|---|---|
| Total Total |
|
| Restricted Restricted |
|
| Funds Funds |
|
| 2024 2023 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies | 33,072 14,774 |
| Total income | 33,072 14,774 |
| Expenditure on: | |
| Charitable activities | (33,455) (33,365) |
| Total expenditure | (33,455) (33,365) |
| Net expenditure | (383) (18,591) |
| Transfers between funds | 383 18,591 |
| Reconciliation of funds | |
| Total funds carried forward | - - |
This page does not form part of the statutory financial statements. Page 19
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Total Total |
|
|---|---|
| 2024 2023 |
|
| £ £ |
|
| Income and Endowments from: | |
| Donations and legacies (analysed below) | 114,328 78,954 |
| Charitable activities (analysed below) | 42,406 41,236 |
| Other trading activities (analysed below) | 88 43 |
| Investment income(analysed below) | 1,322 - |
| Total income | 158,144 120,233 |
| Expenditure on: | |
| Raising funds (analysed below) | - (157) |
| Charitable activities(analysed below) | (150,186) (128,074) |
| Total expenditure | (150,186) (128,231) |
| Net income/(expenditure) | 7,958 (7,998) |
| Net movement in funds | 7,958 (7,998) |
| Reconciliation of funds | |
| Total funds brought forward | 50,145 58,143 |
| Total funds carried forward | 58,103 50,145 |
This page does not form part of the statutory financial statements. Page 20
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Total | Total | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Donations and legacies | |||
| Appeals and donations | 19,023 | 13,938 | |
| Gift Aid tax reclaimed | 2,033 | 2,658 | |
| Grants - other agencies | 33,072 | 14,774 | |
| Grants - other agencies | 60,200 | 47,584 | |
| 114,328 | 78,954 | ||
| Charitable activities | |||
| Bike Start sales | 42,406 | 41,236 | |
| 42,406 | 41,236 | ||
| Other trading activities | |||
| Fund raising events | 88 | - | |
| Fund raisingevents | - | 43 | |
| 88 | 43 | ||
| Investment income | |||
| Interest on cash deposits | 1,322 | - | |
| 1,322 | - | ||
| Raising funds | |||
| Commissionspayable | - | (157) | |
| - | (157) | ||
| Charitable activities | |||
| Bike start mechanic | (12,701) | (13,898) | |
| Wages and salaries | (29,070) | (29,198) | |
| Wages and salaries | (52,329) | (40,365) | |
| Staff NIC (Employers) | (1,178) | - | |
| Staff pensions (Other) - pension scheme 1 | (602) | (490) | |
| Staff pensions (Other) - pension scheme 1 | (1,083) | (849) | |
| Staff welfare | (1,270) | (1,274) | |
| Staff welfare | (306) | (374) | |
| Volunteer expenses | - | (349) | |
| Volunteer expenses | (125) | (276) | |
| Depreciation of plant and machinery | (511) | (690) | |
| Staff training | (606) | (317) | |
| Staff training | (1,621) | (311) | |
| Travelling | (2,749) | (2,654) | |
| Recruitment | (195) | - | |
| Rent & Service charges | (16,898) | (13,500) | |
| Utilities | (486) | (240) | |
| Utilities | (4,371) | (4,060) |
This page does not form part of the statutory financial statements. Page 21
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Total Total |
|
|---|---|
| 2024 2023 |
|
| £ £ |
|
| Repairs and maintenance | (1,489) (1,397) |
| Project support costs | (2,042) (802) |
| Computer software and maintenance costs | (1,374) (1,103) |
| Computer software and maintenance costs | (12,370) (10,552) |
| Printing, postage and stationery | (47) (147) |
| Printing, postage and stationery | (426) (1,947) |
| Licences & Subscriptions | (1,017) - |
| Advertising | - (7) |
| Advertising | (18) (162) |
| Legal and professional fees | (135) - |
| Bank charges | (791) (392) |
| Sundry expenses | (13) (13) |
| Accountancy fees | (2,623) (2,060) |
| Legal and professional fees | - (240) |
| Legal andprofessional fees | (1,740) (407) |
| (150,186) (128,074) |
This page does not form part of the statutory financial statements. Page 22