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: 

1. accounting records were not kept in respect of The Source Young People's Charity 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. 

## 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**<br>**funds**<br>**Restricted funds**<br>**Total**<br>**2024**|
|---|---|
||**£**<br>**£**<br>**£**|
|**Income and Endowments from:**||
|Donations and legacies<br>3|81,256<br>33,072<br>114,328|
|Charitable activities<br>4|42,406<br>-<br>42,406|
|Other trading activities<br>5|88<br>-<br>88|
|Investment income<br>6|1,322<br>-<br>1,322|
|Total income|125,072<br>33,072<br>158,144|
|**Expenditure on:**||
|Charitable activities<br>8|(116,731)<br>(33,455)<br>(150,186)|
|Total expenditure|(116,731)<br>(33,455)<br>(150,186)|
|Net income/(expenditure)|8,341<br>(383)<br>7,958|
|Transfers between funds|(383)<br>383<br>-|
|Net movement in funds|7,958<br>-<br>7,958|
|**Reconciliation of funds**||
|Total funds brought forward|50,145<br>-<br>50,145|
|Total funds carried forward<br>15|58,103<br>-<br>58,103|
|**Note**|**Unrestricted**<br>**funds**<br>**Restricted funds**<br>**Total**<br>**2023**|
||**£**<br>**£**<br>**£**|
|**Income and Endowments from:**||
|Donations and legacies<br>3|64,180<br>14,774<br>78,954|
|Charitable activities<br>4|41,236<br>-<br>41,236|
|Other tradingactivities<br>5|43<br>-<br>43|
|Total income|105,459<br>14,774<br>120,233|
|**Expenditure on:**||
|Raising funds<br>7|(157)<br>-<br>(157)|
|Charitable activities<br>8|(94,709)<br>(33,365)<br>(128,074)|
|Total expenditure|(94,866)<br>(33,365)<br>(128,231)|
|Net income/(expenditure)|10,593<br>(18,591)<br>(7,998)|
|Transfers between funds|(18,591)<br>18,591<br>-|
|Net movement in funds|(7,998)<br>-<br>(7,998)|
|**Reconciliation of funds**||
|Total funds brought forward|58,143<br>-<br>58,143|
|Total funds carried forward<br>15|50,145<br>-<br>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 current**assets||57,338||48,869|
|**Net**assets||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**<br>**Income from donations and legacies**||
|---|---|
||**Unrestricted**<br>**funds**<br>**Restricted**<br>**Total**|
||**General**<br>**funds**<br>**funds**|
||**£**<br>**£**<br>**£**|
|Donations and legacies;||
|Donations|19,023<br>-<br>19,023|
|Gift aid reclaimed|2,033<br>-<br>2,033|
|Grants, including capital grants;||
|Grants from other charities|60,200<br>33,072<br>93,272|
|**Total for 2024**|81,256<br>33,072<br>114,328|
|**Total for 2023**|64,180<br>14,774<br>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**<br>**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**<br>**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 )** 

|**)**<br>**Costs of trading activities**||
|---|---|
||**Unrestricted**<br>**funds**<br>**Total**|
|**Note**|**General**<br>**funds**|
||**£**<br>**£**|
|**Total for 2024**|-<br>-|
|**Total for 2023**|157<br>157|



Page 13 



## **Notes to the Financial Statements for the Year Ended 31 March 2024** 

## **8 Expenditure on charitable activities** 

|**8**<br>**Expenditure on charitable activities**||
|---|---|
||**Unrestricted**<br>**funds**<br>**Restricted**<br>**Total**|
|**Note**|**General**<br>**funds**<br>**funds**|
||**£**<br>**£**<br>**£**|
|Staff costs|54,715<br>30,942<br>85,657|
|Allocated support costs|56,849<br>2,513<br>59,362|
|Governance costs|5,167<br>-<br>5,167|
|**Total for 2024**|116,731<br>33,455<br>150,186|
|**Total for 2023**|94,709<br>33,365<br>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**<br>**2023**|
||**£**<br>**£**|
|**Staff costs during the year were:**||
|Wages and salaries|81,399<br>69,563|
|Social security costs|1,178<br>-|
|Pension costs|1,685<br>1,339|
|Other staff costs|1,395<br>1,899|
||85,657<br>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**<br>**2023**|
||**No**<br>**No**|
|Average number of employees|5<br>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**<br>**Tangible fixed assets**||
|---|---|
||**Furniture and**<br>**equipment**<br>**£**<br>**Total**<br>**£**|
|**Cost**||
|At 1 April 2023|28,936<br>28,936|
|At 31 March 2024|28,936<br>28,936|
|**Depreciation**||
|At 1 April 2023|27,660<br>27,660|
|Charge for theyear|511<br>511|
|At 31 March 2024|28,171<br>28,171|
|**Net book value**||
|At 31 March 2024|765<br>765|
|At 31 March 2023|1,276<br>1,276|
|**12**<br>**Debtors**||
||**2024**<br>**2023**|
||**£**<br>**£**|
|Trade debtors|21,909<br>3,914|
|Other debtors|-<br>2|
||21,909<br>3,916|
|**13**<br>**Cash and cash equivalents**||
||**2024**<br>**2023**|
||**£**<br>**£**|
|Cash at bank|63,917<br>88,595|
|**14**<br>**Creditors: amounts falling due within one year**||
||**2024**<br>**2023**|
||**£**<br>**£**|
|Other creditors|2,776<br>2,110|
|Accruals|2,280<br>2,510|
|Deferred income|23,432<br>39,022|
||28,488<br>43,642|



Page 16 



**Notes to the Financial Statements for the Year Ended 31 March 2024** 

## **15 Funds** 

|**15**<br>**Funds**|**15**<br>**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**<br>**Total**|
||**Unrestricted**<br>**Unrestricted**|
||**Funds**<br>**Funds**|
||**2024**<br>**2023**|
||**£**<br>**£**|
|**Income and Endowments from:**||
|Donations and legacies|81,256<br>64,180|
|Charitable activities|42,406<br>41,236|
|Other trading activities|88<br>43|
|Investment income|1,322<br>-|
|Total income|125,072<br>105,459|
|**Expenditure on:**||
|Raising funds|-<br>(157)|
|Charitable activities|(116,731)<br>(94,709)|
|Total expenditure|(116,731)<br>(94,866)|
|Net income|8,341<br>10,593|
|Transfers between funds|(383)<br>(18,591)|
|Net movement in funds|7,958<br>(7,998)|
|**Reconciliation of funds**||
|Total funds brought forward|50,145<br>58,143|
|Total funds carried forward|58,103<br>50,145|



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**Statement of Financial Activities by fund for the Year Ended 31 March 2024** 

## **Restricted Funds** 

|**Restricted Funds**||
|---|---|
||**Total**<br>**Total**|
||**Restricted**<br>**Restricted**|
||**Funds**<br>**Funds**|
||**2024**<br>**2023**|
||**£**<br>**£**|
|**Income and Endowments from:**||
|Donations and legacies|33,072<br>14,774|
|Total income|33,072<br>14,774|
|**Expenditure on:**||
|Charitable activities|(33,455)<br>(33,365)|
|Total expenditure|(33,455)<br>(33,365)|
|Net expenditure|(383)<br>(18,591)|
|Transfers between funds|383<br>18,591|
|**Reconciliation of funds**||
|Total funds carried forward|-<br>-|



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## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** 

||**Total**<br>**Total**|
|---|---|
||**2024**<br>**2023**|
||**£**<br>**£**|
|**Income and Endowments from:**||
|Donations and legacies (analysed below)|114,328<br>78,954|
|Charitable activities (analysed below)|42,406<br>41,236|
|Other trading activities (analysed below)|88<br>43|
|Investment income(analysed below)|1,322<br>-|
|Total income|158,144<br>120,233|
|**Expenditure on:**||
|Raising funds (analysed below)|-<br>(157)|
|Charitable activities(analysed below)|(150,186)<br>(128,074)|
|Total expenditure|(150,186)<br>(128,231)|
|Net income/(expenditure)|7,958<br>(7,998)|
|Net movement in funds|7,958<br>(7,998)|
|**Reconciliation of funds**||
|Total funds brought forward|50,145<br>58,143|
|Total funds carried forward|58,103<br>50,145|



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## **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)||



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## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024** 

||**Total**<br>**Total**|
|---|---|
||**2024**<br>**2023**|
||**£**<br>**£**|
|Repairs and maintenance|(1,489)<br>(1,397)|
|Project support costs|(2,042)<br>(802)|
|Computer software and maintenance costs|(1,374)<br>(1,103)|
|Computer software and maintenance costs|(12,370)<br>(10,552)|
|Printing, postage and stationery|(47)<br>(147)|
|Printing, postage and stationery|(426)<br>(1,947)|
|Licences & Subscriptions|(1,017)<br>-|
|Advertising|-<br>(7)|
|Advertising|(18)<br>(162)|
|Legal and professional fees|(135)<br>-|
|Bank charges|(791)<br>(392)|
|Sundry expenses|(13)<br>(13)|
|Accountancy fees|(2,623)<br>(2,060)|
|Legal and professional fees|-<br>(240)|
|Legal andprofessional fees|(1,740)<br>(407)|
||(150,186)<br>(128,074)|



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