Charity Registration No. 1118191 Company Number. 5936412 (England and Wales) THE EXODUS PROJECT REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2024
THE EXODUS PROJECT TRUSTEES. REPORT AND ACCOUNTS YEAR ENDED 31 MARCH 2024 CONTENTS Page Legal and administrative information Trustees, report Independent examiner's report 10 Statement of financial activities Balance sheet 12 Stalement ol Cash Flows 13 Notes lo the financial statements 14-23
THE EXODUS PROJECT LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2024 Full name: THE EXODUS PROJECT Regislered charity number: 1118191 Regislered company number: 5936412 Registered offlce & prlncipal address: Jenny's Field 16b Main Streei South Hiendley Barnsley Truslees & Dlrectors: Steven Aldred Brian Cooper Kirslie Hall lan Jackson Christine Thompson Janel Wilson Katie Wilson Chairperson: Janel Wilson Company Secretary: Martin Sawdon Bankers: The Co-operaiive Bank plc Business Direct PO8ox250 WN8 6WT TSB Bank plc Market Hill Barnsley S70 2PP Independent Examiner= siephanie Tolson Community Accountant BCVS Services Limited 23 Queens Road Barnsley S71 1AN
THE EXODUS PROJECT TRUSTEES. REPORT YEAR ENDED 31 MARCH 2024 Structure, governance and management The Exodus Project is a company limited by gLJarantee and a registered charty with the Charily Commission. The affairs of the charity are governed by its Memorandum and Articles of Associalion, dated September 2006. The charity, however. has been in operation since 2001. Upon crealion of the limited company, ongoing operations, assets and liabilities of the former Exodus Project charity (registered charity number 10929851 were Iransferred to the new charitable company. The former charity was subsequently wound up and deregisiered with the Charity Commission. The charitable company has no share capital and the liability of each member in the event of winding-up is limited to a sum not exceeding £1. The trustees are responsible for the affairs of the charity and have conlrol of the charity s property and lunds. Appointment of trusiees The truslees are also directors of the company for the purpose of company law. The Board of Truslees is known as the Management Commiiiee. The Managemenl Committee seeks to ensure that ils members cover a broad skills mix relevant to Ihe needs and aims of the charity, ils adminislralion and linancial oversight. Its members are broadly represented from various professional backgrounds and include members with finance and business expertise. However, the Management Committee continues to look for new members to enhance this skills mix. Trustee tralnlng and Induclion All current trustees were familiar with Ihe practical work of the charity before their appointment. However, all trusiees also receive regular briefings to enhance their knowledge of the charity, the context in which li operates and Iheir roles and responsibilities as trustees. Related parties The charily has a trading subsidiary, The Exodus Project Trading Limiied {registered company number 062815101, which is a wholly owned subsidiary of The Exodus Project. The company commenced trading in April 2014, the principle activity is the running ol charily shops, selling items donated from the public. All prof its are gift-aided to the charity. Risk managemeni The Management Committee delegates to Ihe officers of the charily the task of reviewing the major risks to which Ihe charity is exposed, having regard to its size and current scale of operations. Where appropriate, systems or prOdureS have been established to mitigate the risks. These risks and procedures are regularly reviewed and updated at Ihe quarterly Management Committee meetings. Organisation struclure The charily has a Management Committee of up to 12 members who meel quarterly and are responsible for the strategic direction of the charity- Members are from a variety of professional backgrounds relevant lo the work of the charity- A scheme of delegation is in place and day lo day responsibility for the provision ol the charity's services rests wilh the General Manager who reports regularly to the Management Committee. The General Manager is responsible for ensuring that the charity delivers the services specified and Ihat key performance indicators are met. He is also responsible for ensuring the day to day supervision ol the slaff team, including volunteers, and also for ensuring that the team continues to develop skills and working praclices in line with good practice and a culture of continuous improvement.
THE EXODUS PROJECT TRUSTEES. REPORT continued YEAR ENDED 31 MARCH 2024 Charitable aims and objectives The Objects ot the charity are to help and educate children and young people living in the area ol benefit and surrounding area through their educalional and leisure time activities, so as to develop Iheir physical. mental and spiritual capacities, so that they may grow to maturity as individuals and members of society and their conditions and quality of life may be improved. Public benelit statement In shaping the objectives lor the year, the trustees have paid due regard to the public benefit guidance published by the Charity Commission. Annual report of activities, achievements and performance during the year The Kin s Award for Volunta Services The headline lor this year's annual report is that the awards just keep on coming. The King's Award for Volunlary Services is the highest award a charity can receive - a kind of MBE for the Charity as a whole. The award comes on the back of the M8E's lor our Co-Founders in 2023 and our Weston Charity Award in 2021. We were visited once again by ihe Lord Lieutenant of South Yorkshire, Professor Dame Hilary Chapman, who made the presentaiion to long term Chair of Trusiees, Janet Wilson, who has been with the Charity from the outset in 2,000. Once again the award generated much press aiiention, Irom which we have sought to promote the work of Exodus and generate additional support. Unquestionably, the highlight of the preseniation was when six of our young volunteers, most ol whom have made a long journey with Exodus from being club members, took centre stage and delivered a short speech to explain their journey and what Exodus has Meant io them. Many who aiiended commented on their bravery in speaking to a large crowd, but mostly the moving stories they told were the main inspiration. It remains the case ihat young volunleers come through the club ranks and continue their journey with us into their late teens and sometimes early 20's. It is these relationships that summarise the goals of the charity. Gelling children and young people off the streets and into meaningful activities is the easy part. Building lasting relalionships is what's important and makes such a difference when it comes lo promoting positive lifestyle choices and growing aspirations. Our Core Work Our core work remains as ever and can be summed up as follows: 1 . The core of our work remains the mid-week activily clubs, 14 in total, all over BarnsleyWakelield. We reported last time the change in age ranges we have tradilionally targeted. Historically we have provided clubs and activities for 8 -11's in Primary School, who then progress to our youth clubs lor 11-15's in Senior School. In the period of this report, we have changed the age for Kidz Klub so thal children can start aged 7. Al the other end of the age scale, children in year 6 in Primary School are being invited early to the Rock Solid Youth Groups. The thinking here is that children in Ihe second half ol year 6 (especially girls) drop off in terms of attendance and we may end up losing them for Rock Solid. Our hope is that inviting them up early to be alongside older young people. will encourage them to sustain their involvement with us as they progress to Senior School. Our early evaluation is that this has been impactful in respect of increasing Rock Solid membership and relaining young people towards the end of the Kidz Klub membership. We will only know the full impact of this change in the next couple of years.
THE EXODUS PROJECT TRUSTEES. REPORT contlnued YEAR ENDED 31 MARCH 2024 2. Because our work is focused on relationship building with local children and young people, Ihe second aspect of our model involves them coming in their individual groups, to our activity centre for weekend camps. Again, we involve them in fun activities but the weekend camps are a chance to build on the trusting relationships we establish in the clubs. The kids are alongside trusted adults, who they regard as friends and even a second family in some cases. The first full camps after the completion of our building project have been very well received and the new activity spaces, which double up as sleeping spas. have been very well received by both children and volunteers. 3. The third aspect of our unique model involves home visits, which lake place usually the night before an activity club. These are informal "doorstep chats" and involve taking a promolional flyer to their homes but crucially enable us to be accountable io parents and carers and explain our activities. Over the years we have been able to support the wider family in many different ways. both practically. emotionally and financially. Last year we reported that we are in the process of reviewing this aspect of our unique model. In the interesis of "continuous improvemenl" we have been exploring more effective ways of coming alongside the parents and carers and wider family. In the period of this report we have moved from weekly visits to half- lermly visits, taking a flyer of activities and events for the term ahead. The visits continue to give us a presence on the door step ol the families we support, and help us to understand the wider family challenges so we can support where necessary. To supplement Ihe wider family support, we have done more "invitation" activities this year. This is where we inviie parents and carers to clubs to see the activities and participate where-lhey feel inclined. The story of Leo's mum. {name changed) demonstrates the impact: Leo slarted one of our Kidz Klub groups a lew months ago. His older siblings have been coming for 3 years and he has been looking forward to starting when he reached his t, birthday. His um was a bit apprehensive because he has some challenging behaviours and wondered if that might prevent him from joining the group with his sisters. su enough, he took a few weeks to settle into the routines but with the support and encouragement ol our staff and volunteers he is now a regular member, and he makes a greai contribution each week. His involvement now has pron7Pted his mum to share her pressures at home and recently she spent the whole club session opening up io one of our experienced slaff, while the volunteers lead the activity club. It gave us the opportunily to slart to build a friendship with the wider family, something that has been the hall mark ol our work for 24 years. We are aiming 10 build further on Family Support Work in the year ahead following a successful lunding bid. The aim is to provide peer support and Oiher activities to reach the wider family and come alongside single parents in particular. 4. The fourth aspect of our model involves community partnerships. This involves supporting other groups, dedicated to improving their communities, with galas, clean up campaigns and "love where you live" initiatives. Over our 24 years we have amassed many resources and we are committed lo supporting less well-resourced groups, who share similar aims. As well as use ol our physical resources (play equipment, vehicles, etc. .) we supply volunteers to support such events. As paragraph 5 explains, we have a track record for recruiling and developing young people as junior leaders. Over the years they have made a tremendous impact on Iheir communities, with our support and guidance. In addition to Ihe partnerships described above, we seek io build relationships with elderly person's accommodations throughout the borough. Sheiiered housing projects have welcomed our groups in to do presentalions and build Irust between the generations. This is particularly important in areas where such trust has been eroded over Ihe years. The effects of social and economic disadvantage run deep and the Iracture of inter-generational relationships is a very unwelcome outcome.
THE EXODUS PROJECT TRUSTEES. REPORT Continued YEAR ENDED 31 MARCH 2024 We want to play our part in mitigating that. This message came though recently, highlighting how much the visils are valued- "Last Christmas the children Irom your charity came to Highgrove Care Hon7e to visit and sing Christmas Carols 2nd songs with our residents. The residents really enjoyed Ihemselves and we would like you to come again to perform during the festive season. We will work around your availability but we would really like to see you all again. Feedback like this has been received from so many comrnunity groups who value our partnership with them, from the Scarecrow Festival Committee in Soulh Hiendley, to the Worsbrough Common Communily Association and Friends of Locke Park. 5. The most rewarding aspeci of our model is the volunleer development programme we have established. So many ol our 80+ volunteers are young people who have come through our activity programmes. So keen are Ihey lo remain involved when they leave our youth groups, they volunteer their time and skills to help in the younger age aclivily clubs where once they were members and beneficiaries. It really is an "everybody wins" scenario. This year we have once again attracted so many young people into volunteering and with Ihe development of our reiail operations, we now have a range of volunteering opportunities to offer. As well as the clubs, camps and home visils, our investment in young people extends to equipping them lor the world ol work or higher education, by olfering volunteer experiences accompanied by mentoring and support from trusted adufts. 6. Finally we have continued during the period of this report to support the most vulnerable families wilh whom we have a relationship. by providing weekly food parcels. This is another aspect ol our work though thal has been undef review. Morrisons continue lo provide us with a weekly collection of dried and tinned goods. which we use on our camps but also to distribute to needy families. We no longer collect fresh produce lor M&S and Aldi, mainly because the collection and delivery logistics are prohibitive. Jenn Fi Jenny's Field is the name we give to our Headquarters and is the venue for our activity camps and some of our aaivity clubs. Following an £800,000 capital project that we reported on last year, Jenny s field is sel up for the nexl 25 years. The improvements lo our facilities have been very well received by our beneliciaries. Even though we continue to use pop up tents lor the sleeping accommodation, the increased leisure spaces have made the flexibility of use so much better. Furthermore, the new facilities aTe being used to generate income from paying groups who come for training. team building and meetings. As we have explained to the 20+ Trusts and Foundations who helped us achieve our goal, not only has Iheir generosity helped to improve the facilities for the vulnerable children and young people who come on camps, but they have positioned us for greater sell-sulficiency and independence. Everyone who visits Jenny s Field goes away inspired and encouraged, especially when they see Ihe activities in full flow.
THE EXODUS PROJECT TRUSTEES. REPORT continued YEAR ENDED 31 MARCH 2024 Fundin and Fundraisin As in previous years, it remains the case that the majority of our income is from Trusts and Foundaiions and this year, as in previous ones, we have attracted some new ones to supplement the many who have been alongside us for years. Quite simply, they are our lifeline. Since the majority of them do not commit io repeat annual donations, il is important that we don't become overly dependent on 2 or 3 of the larger ones. We are constantly seeking the partnership and support of newly registered trusts and foundations thai share our aims. Shared aims is the key here. There are thousands of Trusts and Foundations in Britain alone. All have their own specific areas of interest. Fortunately for Exodus, many of them like to support work among children and young people, especially those growing up in less advantaged communities and who may experience inequality of opportunity. The Trustees of Exodus want to allirm th8 kindness and philanthropy of those who set up such foundations with the aim of supporting society's most vulnerable people. Now firmly in second place and growing, when it comes to income sources, is retail income. Following some early challenges with the premises we were renting, we are now becoming established on the two sites from which we currently operate- 8arnsley Town Centre and Cudworth. On the subject of Charity Shop retail. whal has never been uncertain is that our supporters will keep us supplied with saleable items. What marks our Charity shops oui as unique, is that we sell almost anything, and we are prepared to collect donaied items in our van. We continue to build a solid reputation for excellent customer service and Ihe facl that the proceeds help a very local charity, seems to inspire even greaier support. We continue to seek creative and imaginative ways to secure the income to sustain and build on our work. As well as income generation from hiring spaces at Jenny s Field (see above). we are also able to generate funds by letting the community hall at Cudworlh Methodist Church, where we run our second charity shop. Our Iriends within Ihe Methodist Circuit continue to partner with us for delivering community services among the local young people and wider community. Our "Footsteps" scheme continues to attracl individual and corporate sponsors through a monthly giving programme. This still has much more potenliai and we continue to seek ways to market it more effectively. We want to build on the prolile and credibility thai the recent awards have brought us to inspire olhers lo get behind our work, because security ol income remains a substanlial challenge. The charity's policy on reserves Reserves are needed to meel the working capilal requirements of the charity and to ensure that the charity is able to meet all slatutory obligations if funding is abrupiiy allered, or in the evenl of winding up. Additionally, now that Ihe charity owns its own building, a provision is needed for unexpected maintenance and replacement costs in relalion to Ihe building. Our policy is to work towards accumulating a contingency fund lo cover unexpecled essential maintenance costs, redundancy and other costs in the event of winding up, togelher with a provision lor 3 months running costs. Thi5 will give the charity stability lo continue activities in the future. A provision is also needed for future salaries costs. due to Ihe short term nalure of the funding. Based on current expenditure, 3 months running cosls is estimated to be £64,000. At the year-end unresiricted lunds stand at £61.672 which includes a salaries cosl provision of £20,000. This is in the region of the desired level ol reseNes.
THE EXODUS PROJECT TRUSTEES. REPORT continued YEAR ENDED 31 MARCH 2024 Exemptions The trustees have laken advantage of the exemptions available to small companies, including the audit exemption. Statement of truslee's responsibilities Company law requires the trustees to prepare financial statements for each financial year, which give a true and lair view of Ihe Slate of affairs of the charity at the end of the year and ol Ihe surplus or deficiency for the year then ended. In preparing those financial statements, the irustees are required to: select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The trustees must also prepare ihe financial siaiements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The Irusiees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity, and enable them to ensure that the financial statements comply wilh the Companies Act 2006. The trustees ar8 also responsible for safeguarding the assets of Ihe charity and hence for taking reasonable steps for the prevention and deleclion ol fraLtd or Oiher irregularilies. Financial Review The financial statements are set out in pages 11 to 23. In common with other charities of a similar size and nature, the charity has limited resources and its ongoing operations are currently dependent on short-term funding from grant providers, together with financial support and fundraising from coiporate and individual donors. During the year, the charity generated incoming resources of £534,90912023.' £735,161). The decrease in income was a result of reduced grants and fundraising for Ihe major capital project at Jenny s Field as the project is near completion. The trustees remain extremely gratelul for the generosity of all of our grant providers (detailed in on pages 17 and 18 of Ihe accounts), our personal and corporaie donors and other supporters of Ihe charily. Total expenditure during the year was £363,816, resulting in a surplus lor the year of £171,093. The surplus is due to the fixed asset additions in relation to the capital project. The total funds at the year-end, including Fixed Assets, stand at £1,071,46412023: £900,371). The general unresiricied funds stand ai £41,672 at the year end {2023'. £9.332}. In addition there is a sum of £20,000 designated as a provision for future salaries costs. Small company provisions This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's truslees- Signed Janet Wilson, Chairl Director Dated: 22 October 2024
THE EXODUS PROJECT INDEPENDENT EXAMINER'S REPORT YEAR ENDED 31 MARCH 2024 I report on the accounts of the charily.. which are set out on pages 11 to 23. Respective responsibilities of trustees and examiner The trustees {who are also the directors of the company for the purposes of company law} are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 {the Charities Act) and that an independent examinaiion is needed. 11 is my responsibility to: examine the accounts under seclion 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)Ib) of the Charities Act, and to slate whether particular matters have come to my attention. The charity's gross income exceeded £250,000 in this financial year. l am qualified to undertake the examination, beiro an Associate Member ot the Chariered Institute of Management Accountants. Basis of Independent examiner's report My examination was carried out in accordance with general Direciions given by the Charity Commission. An examination includes a review of the accounling records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations Irom the trustees concerning any such matters. The procedures undertaken do noi provide all Ihe evidence that would be required in an audit, and consèquenlly no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. Independent examlner's statement In connection with my examinalion, no material matters have come to my attention which gives me cause to believe that in, any material respect.. accounting records were not kepi in accordance with section 386 of the Companies Act 2006,. or . the accounis do not accord with such records; or the accounts do not comply wth relevanl accounting requirements under section 396 01 the Companies Acl 2006 other than any requirement thal the accounls 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 IFRS1021. I have no concerns and I have come across no other matters in connection with the examination io which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed.. Date: 22 October 2024 Stephanie Tolson, ACMA Community Accountant BCVS Services Limited 23 Queens Road, Barnsley, S71 1 AN 10
THE EXODUS PROJECT STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Incomè & Expendllure Accounf> YEAR ENDED 31 MARCH 2024 2024 Total Funds 2023 Unreslricted DeSnated Restricted Funds Funds Funds Note Income: Donations and legacies Income from charitable activities InconE from other trading activities 2¢ Investment incorr 204,394 6,621 13,283 300.611 505,005 6.621 23,283 711,076 6.297 17,788 10,(M)O Tolal Income 224,298 10,000 300,611 534,909 735,161 Expendilure Cost of raising funds 3a Expenditure on charitable activities 3b Olher expenditure 15.358 192,302 1,710 45.977 17,068 346,748 22.738 307,953 108,469 Tolal expenditure 207,660 108,469 47,687 363,816 330,691 Net incomelexpendilure for the year Transfers between funds 13 Total funds brought toNard 16,638 (98.4691 252.924 171,093 404,470 25,702 19.332 398,688 675.287 1424,39Jl 205,752 900,371 495,901 Total funds carried lorward 12 975 506 900,371 The Statement of Financial Activities includes all gains and losses recognised in the year. All the aclivilies of the charilable company are dasse(l as continuing. The designated funds are fixed assets held tor Ihe charity's own use. The comparative figures for each fund are shown in notes to the accounts.
THE EXODUS PROJECT BALANCE SHEET YEAR ENDED 31 PAARCH 2024 2024 2023 Noie Fixed assets Tangible assets 975.506 675.287 Total fixed assets 975.506 675,287 Currenl assets Debtors Cash al bank and in hand Total current assets 23.694 79.668 103.362 28.297 202,678 230,975 Current liabilities Creditors amounts falling due within one year 7,404 5.891 Net currenl assots 95,958 225,084 N81 assèts 1.071.464 900,371 Funds ol the charlty Unreslricled funds Designated lun¢s IFixed Assets) Reslricled lunds 12 61 ,672 975,506 34.286 19,332 675,287 205,752 Tolol lunds 1,071.464 900,371 Exemption from audll For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 01 the Companies Acl 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its accounts for the year in question in accordance wifh section 476," The directors acknowledge their responsitslities 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 company s subject to the sm211 companies regime. The trustees declare that they have approved the accounts above. Signed on behalf of the charity's Irustees- Signed Dated.. 22 October 2024 Janet Wilson, Chairl Director
THE EXODUS PROJECT STATEMENT OF CASH FLOWS YEAR ENDED 31 MARCH 2024 Cash flows from operating acti¥ities: Nel I0(11(e>penditUreI lor the rwtng period las Fxf the Skleffenl ol Fina1 AclIeS 171,093 404,470 AdjustrYEnts for.. Deprecialion Purchase ol proFety and equipment IProfilllL on dispxd ol prcpty and (increase}Idecrease in deblors ircreasdlf*creasel in cr&litors Net cash provKJed by lused wi) operating activilEs 108469 89626 1403,7711 (398,6881 110,OCQI 4,603 1,513 11Y8,0101 37, {3021 127,359 Cash Ilows from Investing aclivltiès Cash flows from finanang acifvttbs Change In cash and cash equlvalents In tho reyJrtlrvJ period ca and cash equidrts al the b&innirg ol the rep)rting ricé {123,0101 127,359 202,678 75,319 Cash and cash equlvalenl$ al the end of the rwrtSThJ 202,678 Cash in al al bank Jtice &p)sits 79,6&8 202,678 Total cash and 5h equivalents 202,678
THE EXODUS PROJECT NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 1. Accounting policies Basis ol the preparation of the accounts The financial statements have been prepared in accordance will) Accounting and Reporting by Charities - Slatement of Recommended Practice applicable to charFties preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)- {Charities SORP (FRS102)) and the Companies Acl 2006. The Exodus Projecl meets Ihe definition of a public benefit entity under FRS 102. Assels and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy notels)- Going Concern note After reviewing ihe charity's forecasis and projections and its reserves, the trustees have reasonable expectation Ihat the charity has adequate resources to continue in operation for the foreseeable future. No material uncertainties exist in the 12-month period following the signing ol these accounts. The charity therefore continues to adopt the going concern basis in preparing its financial statements. Incoming resources All material incoming resources have been included in the Stalement ol Financial Activities when the charity is entitled to Ihe income, when any performance conditions attached are met, when it is probable that the income will be received and when the amount can be measured reliably. Donaled goods and servlces Donated facililies and services are recognised in the accounts, at the amounl the charity would pay in the open market lor a service equivalent to Ihat being donated, when the charity would otherwise have purchased them and the value can be measured reliably. Donated goods for the charity's own use are recognised as income, at their fair value. The contribution of general volunteers is not recognised as income in the charity accounls. Resources expended All expenditure is included on an accruals basis and is recognised as a liability is incurred. The charity is not registered for VAT and accordingly resources expended are shown gross of irrecoverable VAT. Operating leases Rentals payable under operating leases are charged to the Slalemenl of Financial Activities on a straighl line basis over the term of the lease. Taxation As a registered charity, The Exodus Project is exempt from corporation tax on income applied to its charitable activities. 14
THE EXODUS PROJECT NOTES TO THE FINANCIAL STATEMENTS continued YEAR ENDED 31 MARCH 2024 Flxed assets and depreciation Fixed assets are staled at cost or valuation at the date of acquisition. Minor additions costing below £500 are not capitalised. Depreciation is calculated lo write down Ihe cost or valuation less estimated residual value of all tangible fixed assets, with a cost exceeding £500. over their expected useful lives. The rates applicable are= Buidling improvements 7.5°/o on a straight line basis Fixture5, Fittings & equipment 33.333 % on a straight line basis Motor Vehicles 10 to 20 /0 on a straight line basis Freehold property is not depreciated. it is mainlained lo a standard that the useful economic life is not diminished over time. Funds structure The charity maintains a general unreslricled fund which represents funds which are expendable at the discretion of Ihe trustees in furtherance ol the objects of the charity. Restricted funds have been provided to the charity for particular purposes and may only be spent for the purposes for which they were given. Any balance remaining outsianding on a resiricted fund at the end of Ihe year is carried forward as a balance on the fund, unless permission has been given by Ihe funder to remove the restriction on Ihe balance oulstanding. Funds relaiing to capital expendilure are Iransferred to a designated fund against which depreciation is charged.
THE EXODUS PROJECT NOTES TO THE FINANCIAL STATEMENTS continued YEAR ENDED 31 MARCH 2024 2. Analysls of Income 2024 2023 Unreslricled Reslricled Unrèstricted Restricted Funds Funds Tolal Funds Tolal Funds Funds Funds 2a Donations & legacies: DonaDons D Harrell Award Gift of Profit from Trading SLibsKliary Gift Aid Credits Revenue Grants (see page 171 C8pilal Grants (see page 181 78,535 2.800 11,000 81,335 11,000 26,952 14,166 213,051 158,501 71,284 2,000 12,000 73,284 12,000 62,387 14,678 22,977 65,827 482,900 482,900 26,952 14,166 84,741 62,387 14,678 42,850 128,310 158,501 204,394 300.611 505,005 191,199 519,877 711,076 2b Charltsble actlvltles: Subscripiions Melhodist Circuit Service Agreement Other 6.621 6,621 5,320 5,320 977 977 6,621 6,621 6,297 6,297 2c Other trading activities: Fundraising Other Earned Incorne Inme on disposal of Assets ID•sJgnal8dl 4,823 8,460 10,000 4.823 8,460 10,000 7,953 9,835 7.953 9.835 23.283 23.283 17,788 17,788 2d Inveslment income: Bank interest Total Income 234,298 300,611 534,909 215,284 519,877 735,161
THE EXODUS PROJECT NOTES TO THE FINANCIAL STATEMENTS continued YEAR ENDED 31 MARCH 2024 Grants lor Revenue ex enditure 2024 2ff23 Unreslricled Fleslrictsd Tolgl Funds Fullds Funds Lknrestricted Reslricled Funds nds Totsl Fund5 BMBC - Ward Allianee Grants The Hedley Foundaiion Thè Lauderdde Trust Thé Tudor Trust The Beatrice Laing Trus1 B8rnard Sunley grant Denby D Lron Cawthorne Melhodisl Church Lord Bamby's Fciundalion Nineiylold Foundation The M¢larlane Foundation The Renegale Fournlalion Farnily & Social Wellare Trust Albion Valves The Barnabus Trust Garfield Weston Foundation S Yorkshire Community Foundation The Beiier Barnsley Bond The Charles & Elsie Sykes Tnjsl The Freshgale Trust Foundation The Percy Billon Charity Sl James's Place Charitable Founclalion The Frankie Foundation for Chikjren Ron Calaull Trust Fund The Harry 8ottom Charitable TrLJsI Th8 Masonic Charitable Foundation IMCFI The George A Moor Foundat'on Norman Whileley Trust The Balchworth Tfust The Grace Trust Esh Construction Limiled David and ElIzath Keretool Chanlable Tnjsl The Michael Woodhead Charilable Trusl May Heafnshaw Charity The Pal Newman Memorial TnJ51 Shaw Lands Trust Souter Charitable Trust The Anchor Foundalion The Dranslield Foundation The James Neill Twsl Fund The Marsh Trust 8righlbox Libraries Project 21,694 3.498 15.618 55.000 5,000 5,000 21,694 3.498 15.618 55,000 5,000 5.000 500 100 2,000 16,OJO 25.OJO 2,5LK) 4,940 14,230 14,230 500 100 2,000 16,000 25,000 2,500 4.940 2,500 2,)0 2,01)0 20,CQO 8.251 5,000 8.251 3,200 2,000 3,200 2,000 5,247 5,247 2,500 2,500 1,400 500 1,400 500 2,800 5,000 1,500 1,600 5,000 750 9,600 500 100 1,600 5,200 2,800 5,000 1,500 1,600 5,000 750 9,600 500 100 1,600 1,500 1,350 3,000 3.200 1,600 1,51)0 1,350 3.orKJ 3.200 1,200 1.200 3,000 1,600 600 1,000 1,500 1.500 1,600 600 1,000 84,741 128,310 213,051 42,850 22,977 65,827
THE EXODUS PROJECT NOTES TO THE FINANCIAL STATEMENTS conlinued YEAR ENDED 31 MARCH 2024 Granls & Gilts for Ca ital Pro'ecl 2024 Unrestricted Restrlcled Funds Funds 2023 Total Funds Unrestrl¢ted Rtstricted Funds Funds Total Funds Aeseal PIC grant The Joseph Rank Trust Julie Kennèy grant Wakéliéld MBC local gra programme FCC comnunib.es Foundalton S Shaw Gartield Weston Foundation S Yorkshire Communily Foundation The Bernard Sunley Charilable Foundation Th& P27 Trust The Bealri¢e Laing Trusi The Tudor Trusl The Clolhworkers, Four)datn The Dashlighl Foundalion Open Gardens Wakefield Diocese Fitzwilliam wenOrth The Graham & Susan Harris Charily The Sir George Martin Trust Albion Valve5 Uk Lld The Archer Trust Otherlanonymous 50,000 50.000 25,0(KJ 13,501 50,000 50.000 25,000 13,501 50,000 50,000 80,000 80,000 75,000 75,OOD 10,000 10,000 60,000 60.000 20,000 20,000 35,000 35,000 50.000 50,000 50,000 50,000 20,000 20,000 5,OC(I 5,000 6,400 6,400 1,000 1,000 7,500 7,500 3,000 3,000 2,500 2,500 5,000 5,000 2,500 2,500 20.000 20.OIJ) 158,501 158,501 482,900 482,900
THE EXODUS PROJECT NOTES TO THE FINANCIAL STATEMENTS continued YEAR ENDED 31 MARCH 2024 3. Analysis of Expenditure 2024 2023 Unrèstricted Restrlcted Funds Funds Unreslrtcted ReslAcled Total Total Funds Funds Funds Funds 3a Cost of Ralslng lunds.. Salaries cost General lundraising costs 15,211 147 1.710 16.921 147 21,178 1,060 21,178 1,560 500 15,358 1,710 17,068 22,238 500 22,738 3b Cost of Chaillable Activities: Oireci co Is ol charitable aclivilie Salaries cost Trips and weekends Aclivrtie5 V8nue hire Prizes Transport Cloihing & unilorm Premises overheads & equipment Propert Mainlenance Insurance Ulililies & cleaning Training Resources Admin & office expenses Volunteer & stall expenses Depreciation (Designated Funds) Miscellaneous & olher expenses 119,162 32.444 507 649 151,606 3,911 3.677 2,720 1,222 7,999 106,205 7,347 2.552 2,635 1,783 11,936 588 4.749 34,506 891 556 140,711 2,238 3,108 2.635 1,633 12,472 588 5,286 3,028 2.720 ,171 7.772 51 227 450 536 4,018 1,874 6,053 3,818 3,160 432 2,761 4.018 8,824 6,053 4,018 3,160 1.932 2,871 537 6,950 3,422 4,421 339 114 3,310 735 89,626 1,675 3,422 4,771 339 988 3,716 1,538 89,626 1,816 200 350 1,500 110 872 406 108,469 679 108,469 679 141 42,638 311.457 234,837 40,048 274,885 ort Costs.. Salaries cost (admin & managemenl) Accountancy lee 30,752 1,200 3,339 34,091 1.200 31,968 1,100 31,968 1,100 31,952 3,339 35,291 33,068 33,068 Total Cost ol Charitable Activities 300,771 45,977 346,748 267,905 40,048 307,953 3¢ Other expenditure Total Expendilure 316,129 47,687 363,816 290,143 40,548 330,691 19
THE EXODUS PROJECT NOTES TO THE FINANCIAL STATEMENTS conlinued YEAR ENDED 31 MARCH 2024 4. Tangible Fixed Assets Freehold Property Property Impiovements Motor Vehicles Compulers & Equlpment Total Cost as @ 01-Apr-2023 Additions Disposa15 as @ 31.Mar-2024 140.1))O 788,716 325.086 98.234 74,479 125,0001 147,713 116.134 9,123 1,143,084 408,688 25,0001 1,526,772 140,000 1,113,802 125,257 Depreclatlon as @ 01-Apr-20¥3 Disposals Charge this period as @ 31-Mar.2024 270,270 86,859 125.0001 17.170 79,029 110,668 467,797 125,0001 108,469 551,266 &3,535 353,805 7.764 118,432 Nel Book Value as @ 31-Mar-2024 140,000 759.997 68,684 6,825 975,506 as @ 31-Mar-2023 140,IXIO 518,446 11,375 5,466 675,287 5. Debtors 2024 2023 Amounts due from trading subsidiary Othèr debtors & prepayments 21.977 1,717 25,925 2,372 23,694 28,297 6. Creditors 2024 2023 Accruals PAYE liability NEST Pension liability 1,548 4.969 887 7,404 5,891 20
THE EXODUS PROJECT NOTES TO THE FINANCIAL STATEMEbifs conlinued YEAR ENDED 31 MARCH 2024 7. Staff costs and numbers 2024 2023 Salaries Cost Employer Pension Contribution 196,906 5.712 185,831 8,026 202,618 193,857 No employee received emoluments of more than £60.000. The average number of employees during ihe year was 7 (2023: 81. 8. Analysis of net asseis by fund Unrestricted Designated Restrlcted tunds lunds lunds Total lund$ 3110312024 Fixed assets Current assets Current liabilities 975,506 975,506 103,362 17,404) 1,071,464 69,076 (7,4041 61,672 34,286 975,506 34,286 3110312023 Fixed assets Current assels Current liabilities 675.287 675,287 230,975 15,8911 25,223 15,8911 205,752 19,332 675,287 205,752 900,371 Trusiees, remuneralion, benefits and expenses No trusiee received any remuneration during this or the previous financial year, or had any personal interest in any contract or transaction entered into by the charity. 10. Related party transactions 'Donations receivable Irom The Exodus Project Trading Limited lo the value of £26.952 (2023. £62,387). There were no other related party transactions. 11. Independent examlnation and accountancy services During the period, the cost of the examination and accountancy services was £1,200 (2023: £1,100). 21
THE EXODUS PROJECT NOTES TO THE FINANCIAL STATEMENTS continued YEAR ENDED 31 MARCH 2024 12. Movements in tunds Opening Incoming (Resources balance resources expended) Transfers Closing balance Unrestricted funds General Unreslricled Fund Provision for Salaries Costs 9,332 10,000 224,298 {207,660) 15,702 10,000 41,672 20,000 19,332 224,298 (207,660) 25,702 61,672 Designaled tunds Fixed Assets 675,287 10,000 (108,4691 398,688 975,506 675,287 10,0(X) 1108,469) 398,688 975,506 Restrlcted f unds BMBC Ward Alliance Cudworth & Briedey BMBC Ward Alliance Kingstone BMBC Community Project grant D Harrell Award Hedley Foundation Lauderdale Trust The Percy 8ilton Charily St Jame's Place Foundation Bernard Sunley Fund Garfield Weston Fund Beatrice Laing Fund Tudor Trust Jenny's Field Capilal Project 13,194 1,500 7,000 11.000 3,498 15,618 114,5361 11,5001 16,950) 110.652) 1,342 1501 348 13,498} {11,5491 4,069 4,722 14,7221 2.500 5,000 20,000 5,000 55,000 161,301 12,500) Is,0001 120,000) 15,0001 137,1181 1350,3441 17,882 11,987 201,030 205,752 300,611 (47,687) (424,390) 34,286 TOTAL FUNDS 900,371 534,909 (363,816) 1,071,464 13. Fund Transfers In accordance with the fixed asset policy, the following funds were transferred to the designated Fixed Asset Fund for Ihe purchase ol fixed assels (a total amount of £398,688).. Funds lor the Capital Project for the development of Jenny s Field - £325,086 Funds lo cover the purchase of two new vehicles - £64,479 Funds lor Ihe purchase of pedalos and canoes - £6,725 Funds for the purchase ol a shed - £2,398 Other Fund Transfers: Movemenl of funds from reslricled fljnds to general lunds due to closures of grants - £8,684 Movement of funds from building funds to general funds due lo closures of grants £25.661 Increase of the salary provision by £10,000 from the general unrestricted fund. 22
THE EXODUS PROJECT NOTES TO THE FINANCIAL STATEMENTS continued YEAR ENDED 31 MARCH 2024 14. Restricted Funds BMBC.- Area Council Grants- Funding from Barnsley Metropolitan 8orough Council to provide activities for young people. the grants will contribule lo the cost of salaries. activities and associated overheads. St James's Place Charitable Foundalion - a grant to contribute to salaries costs. D Harrell Award - a regular donation to contribLrte to salaries cosls of the charity- The Perc Bilton Charit a grant for equipment at Jenny s Fiekl. Foundation - a grant to purchase canoes and a shed. Lauderdale Trust- a grant to contribule to salaries costs. Bernard Sunle Fund- a grant towards the purchase of a new van. Garfield Weston Fund - a granl towards the purchase of a new van. Beatrice Lain Fund - a grant towards ihe purchase of a new van. Tudor Trust- a grant to replace an older van. enn 's Field Ca ital Pro ect - a major capital, project, for the development of the Activity Centre ai Jenny's Field to lacililate camps for young people. Grants received in this and the previous financial year are lisled on page 18 01 the report and accounts. Hedle 23