Company reglstration number: 06139222 Charlty registration number: 1120763 Whitehaven Harbour Youth Project Company Limlted by Guarantee Unaudlted Financial Statements 31 March 2024 robTnson+co Chartered Accountants
Whitehaven Harbour Youth Project Company Limited by Guarantee Flnancial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) ,Independent examiner's report to the trustees Statément of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 8-19
Whitehaven Harbour Youth Project Company Limited by Guarantee Trustees, Annual Report (Incorporating the Dlrector's Report) Year endod 31 March 2024 The trustees, who are 8lso the directors for the purposes of company law, present their report and the unaudiled financial statements of the charity for the year ended 31 March 2024. Objectlves and actlvltles Whitehaven Hart)our Youth Project IWHYP) was set up in 1995 In recognition of an acute lack of youth provision in the town. Initially based on the harbourside, the project moved in 2008 Into much bigger premlses in the ground floor of the town centre multl-storey car park still close to the harbour and accessible by bus and on foot from nearby housing estat88. In 2022, with consultancy support provided by the Francis C 'Scott Charitabl8 Trust step Change Programme, we undertook a str8teglc review whlch has led us to adopt a series of strategic plllars and sleers and a dellvery action plan, Our refreshed mlssion statement describes us as follows:. 'We arn a Ioc81 charitable organisation, dedic8ted to glving young people opportunif18S to develop their polential, to understand Ihamselves and.others, and to have 8'good time. We achieve that by delivering hlgh quality, evidenGe-based youth work, in our town c8ntre f8cility and thmugh outdoor adventure,. Our premises include 8 well-equipped youth space including a kitchen, IT spac& and meeting room. To Ihe rear of this is a sports hall which has seen a significant upgrade, introduclng 8 second climblng wall and a new boulderlng wall. These works were successfully completed, through ,the Covid pandemic period. and extended to Include a new frontage for our facility with improved disabled access. Alongside this we have a minibus and large range of outdoor equlpment. We provide a robust weekly prograrnme cf actlvities Monday- Friday evenings including targetèd and unlversal youth work sessions alongside, adventure actlvily. Being the only centre In West Cumbrfa with an Adventure Activities Licenca makes our adventure offer particularly attractlve. We emplcy. six full-tlme and two part-tlme staff. All our delivery staff have relevant quallfications in youth work or adventure activities and our outdoor instructors have National Govarning Body awards Sn all r81evant discipllnes. We w&lccme all young people but our focus is on work with targeted young people. Our immediate catchment exhibits significant social and economic deprivation and includes some of the most deprived neighbourhoods in West Cumbria. However, vulnerable young people are not restricted to deprived areas and there is also a general concem about mentsl health issue5 across Wesl Cumbria. We recognlse these needs and seek to address them, where we can, and to build emotion81 health and well-being in all our delivery. Youth work oulcomes are achieved in both our indoor yOLrth club setting and in our outdoor actlviti8S. There is an important synergy between the two. W8 8mphasise and encourage physical activity, across a broad range of possibilities in our offer, with a focus on local opportunitie5 for adventure activity given the feedback from young people and value of the outputs from this over the last few years. Partnership working is 8 key elemenl of our delivery and sustainability. We support the Copeland Youth NeOrk as a strategic voice for youth provision in the area.and work with other,providers and commissioning bodies, including Future Pathways being managed by Cumbria Police, Inspira In supporting NEET young people, th& Outdoor Partnership and directly with local schools.
Whitehaven Harbour Youth Project Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) {contlnued) Year ended 31 March 2024 Publlc benefit The Trustees have referred to the guidance contained In the Charity Commission's general guidance on public benefit when reviewing the aims and objectives of the Projecl. They are satisfied that their 8Ctivities over the year accord with the aims and oblectlves and provide the appropriate publiG benefit. Achlevements and performance We had another busy year both in our youth setting and working, outside on adventurous activities with a range of schools and organisations. A total of 893 young people took part In our activities with a core group of 209 attendlng 10 or mor6 gessions. There were 128 accredited outcomes wilh awards In Archery, Duke of Edinburgh's Silver and Bronze Awards, First Aid, Sailing (RYA) Clirnbing (NICAS) and ASDAN accreditations in personal and soclal development. There were also 185 young people with recorded outcomes measuring progress In Ihelr personal development. Some key activities during the year particularly worthy of mention are: Our seven Seabins In the Whitehaven Marina collecting pla5tics,and other floaling rubbish on the surface of the water were Dfficlally opened In July 2023, by Sellafield Ltd, who provided the fundlng 8nd they recelved widespread publicity Including the BBC and ITV news channels. Our WHYP Youth.Volunteering Award engaged 23 young people who gave 257 hours of their time on a range of volunlary work, mostly 9UPPOrting our youth sessions in the centre particularly with the younger aged groups. Our adult volunteers numbered 14 and they supported the staff In a varlety cf sessions giving 555 hours of their time to SUPPOrting the Project and the young people. We were pre8ented with the L8nd Trust Award by the National Trust for our worf< with them cn the Colourful Coast and its upkeep. We also worked wSth Whltehaven Ship Shapers on tldying, weeding and looking after the town centre environment and created a Postage Stamp mural on the blank wall near the Whitehaven Sorting Office. Our annual Youth Development Fund projèct requires young people to take responslblllty for identifying, organlslng and maklng 8 presentation on an away trip that would broaden their horizons, This year we ran two groups. One went to ,Edinburgh (Castle, 1pm Gun, Dungeons and Japanese Restaurant) and one went to Glasgow (Sclence Museum, Planetarlum, ten-pln bowling, evening city walk and Greek restaurant). Nine young ,peopl8 gained an ASDAN accreditation. Our weekly programme normally includes a themed sesslon, sometimes very infomal, sometimes with a partner organisalion. Topics addressed included personal safety and awareness of your surroundings while outside run by ESKK fitnes5. There were other sessions on relationships and sexual health, bullying awareness and respecllng yourself,. others ancl the environment along with Internet safety, basic First Aid and CPR. We 81so included workshops on wellbeing and looking after your mental health. Flnanclal review Our overall financial position remains sound, with 8 healthy Balance Sheet. Over the year we had planned a break-even budget but at the year-end had a shortfall, excluding depreciation, of some £16,551 which was taken from total re5eNes. This VRS due principally to a reduction in our income from group work and in particular the decision by the Outdoor. Partnership to retain work in-hcuse. This reduction In demand is likely to continue at least in the short term but on a positive note from April 2024 the Bedrock Phase 2 Project is funding a two-year senior p.ost to help us resource and develop our strategy for incom8 generation.
Whitehav,en Harbour Youth Project Company, Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcontlnuedj Year ended 31 March 2024 Flnancial revlew (contlnued) In meeting the gap between earned income and expenditure we relied heavily on our three core funders: Copeland Communlty Fund, the Henry Smilh Charty and the Francis C Scott Charitable Trust who between them contributed £91,000 towards our overall spend of scme £255,028 (discounting deprecialion). Importantly all three funders have agreed to continue their support over the next three years. We are also fortunate to have also been awarded an annual core grant of £20.000 for the next two years from Garfield Weston which commenced in September 2023, We are most grateful to them all. We are also grateful to Ihose who commissioned work. The larger funding po15 for this included the Sellafield funded Sea Bins and Youth Development Fund projects,, the Copeland Hub for Future Pathways and the Cumbrla Community Foundation for the Bedrock Phase 1 project. Donations of £2,$00 from Cavendish Nuclear (Bechtel) towards the Sea Blns and an unrestricted donation of £4,500 from the British Steel Retired Colleagues Association are also much appreciated. ReseNes policy Our policy is to hold operational reserves equal to batween four and six months of turnover (£90,000 to £135,000). In Aprll 2024 we had a satisf8clory reserve with net current assets of some £94,570. StruGturei governance and management Sn 2007 Whiiehav&n Harbour Youth Project became a charilabl8 company Ilmit8d by guarantee. The company was established under a Memorandum of Association which sets out Its objects and powers. It5 governance is dealt with under its Articles of Assoclation. The board members are responsible for its overall management. They are elected by ordlnary resolution, retire by rotation and may, if willing to 8Ct, be reappolnted. They are currently Deborah Naylor IChalr>, Michael Priestley (Secrelary), Bern Hellier (Treasurer) and Hugh Branney. The project Is supported by six full-time and p8rt-tlme members of staff. Our delivery programme also places considerable relian on our volunteers, now gradually increasing slnce the pandemlc shutdown and currently numbering 14. The trustees have reviewed the risks to whlch the charity is exposed and have taken steps to mitigate these risks. Financial controls are in place which include procedures for authorlsatlon of all transactions and projects. Procedures based on national guidance and advice are In place to deal with,the heatth and safety of young people. staff and volunteers. Goveming document The organisation Is a charitable company limited by guaiantee. Incorporated on S March 2007. The company was ostablished under a Memorandum of Association which éstablished the objects and powers of the charitable company and is govemed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1. Recrultment and appointment of trustees Under the quirementS of Memoran¢Jum and Articles of Association. trustees are elected by ordinary re501ulion. Trustees retire by rotsllon and may, if willlng to act, be reappointed. Risk management The Trustees have reviewed all risks to which the chartty Is exposed and have taken steps to mitigate these risks where approprlate. Intemal control risks are minlmised by the Implementation of procedures for authorlsalion of all IransaGlion5 and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers and visitcrs.
Whitehaven Harbour Youth Project Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢ontln(tsd) Year ended 31 March 2024 Reference and adminlstratlve details Reglstered charity nama Whitehaven Harbour Youth Project Charlty reglstratlon number 1120763 Company reglstratlon number 06139222 Prlncipal office and registered The Harbour office Swingpump Lane Whitehaven Cumbria CA28 7LZ The trustees Bernard Hellier Michael Priestley Hugh Brann8y Margaret Scott Deborah Naylor Sue Bamforth (resigned 071C712023) (appolnted 0710712023) Company secretary Michael Priestley Independent 8xamlner P E Ellwood FCA Independent examlner robinson+co Chartered Accountants Oxford Chambers, New Oxford streèt Workington CA14 2LR Small company provislons Th15 report has been prepared in accordance with the provisions applicable to companles entitled to Ihe small companies exemplion. The trustees. annual report was approved on 16 December 2024 and signed on behalf of the board ot trustees by.. Deborah Naylor O'r*14 ir Trusteel Chair Mlchael Priestley Charity Secretary
Whitehaven Harbour Youth Project Company Llmlted by Guarantee Independent Examinerfs Report to the Trustees ofwhltehaven Harbour Youth Project Year ended 31 March 2024 I report to the trustee8 on my examinatlon of the financial statements of Whitehaven Harbour Youth Project I'the charity) for the year ended 31 March 2024. Responsibllltles and bas18 of report As the trustee5 of the company (and also ts directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2008 Act,). Havlng 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 respecl of my examination of the charity's accounts as carried out under section 145 Df the Charities Act 2011 ('the 2011 Act,). In, carrylng out my examination I have followed, the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, Independent examlnerfs statement I have ccmpleted my examlnation. I confimi that no matters have come to my attentlon In connectlon with the examination giving me cause to belleve.. accounting records were not kept in respect of the charity as required by sectlon 386 of the 2006 Act. or the financial statements do not accord wlth those records; or the financlal statements do not comply with the accounting requirements of Section 396 Df the 2008 Act other than any requirement that the accounts glve a 'true and falr, vlew whlch is not a matter considered as part of an independent examin8tlon', or the financial staternenls have not been prepared in accordance with the Charities SORP {FRS 1021. I have no concerns and have come across no other matters in connection with the examinatlon to which attention should be drawn in this report in order to enable a proper understanding of the 8ccounts to be reached.
0£//& Mr Peter Ellwood FCA Independent examiner roblnson+co Chartered Accountants Oxford Chambers, New Oxford Street Workington CA14 2LR 16 December 2024
Whitehaven Harbour Youth Project Company Llmlted by Guarantee Statement of Financial Activities (including income and expendlture account) Year e-nded 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Charitable actlvilies Other trading aclivities Investment Income 9,460 66,445 5,402 2,310 83,617 154,860 164,320 66,44S 6,402 2,310 134,020 61,936 4,537 662 Total Income 154,860 238.477 201,155 Expenditure Expenditure on charitable activities Total expenditure 9,10 99,222 99,222 191,300 191,300 290,522 290,522 271,341 271,341 Net (expendlture}Ilncome and net movement In funds 115,605) (36,440) (52,045) (70,186> ReGonciliatlon of funds Total funds brought fopNard Total funds Garrled forward 118,908 103,303 403,084 366,644 521,992 469,947 592,178 521,992 The statement of financlal activities includes all gains and losses reccgnised in the year. All Income and expenditure derive from continuing actNities. The notes on pages 8 to 19 fomi part of thesè financlal statements.
Whitehaven Harbour Youth Project Company Limited by Guarantee Statement of Flnanclal Positlon 31 March 2024 2024 2023 Note Flxed assets Tangible red assets 16 375,377 410,871 Currènt ass6ts Debtors Cash at bank and in hand 17 13,760 139,938 153,698 5,874 192,038 197.912 Credltors: amounts falling due wlthln one year Net current assets 18 S9.128 86.791 94,570 4S9,947 469.947 111.121 Totsl assats108s current Ilabllities 521,992 521,992 Net assets Funds of the charity Restricted funds Unrestrlcted funds 366,644 103,303 469,947 403.084 118,908 521,992 Total charlty funds 22 For the year ending 31 March 2024 the charity was entitled io exemptlon from audlt under Sectlon 477 of the Cornpanies Act 2006 relatlng to small comp8nles. Directors, responsibilities: The members have not required the company to cbtain an audit of its financial statgment8 for the year in questlon In accordan¢e with section 476; The directors acknowledge their responsibilities for complying with Ihe requirements of the Act with respect to accounting records and the preparation of flnanclal statements. These financial stalements have been prepared in accordance with the provisions 8pplicable to companies subject to the Small ccmpanies, regime, These financial statements were approved by the board of trustees and auth0ri5ed for Issue on 16 Dernber 2024, and are signed on behalf of the board by: Deborah Naylor Trust88 (D'plfoi The notes on pages 8 to 19 fomi part of Ihese flnanclal statements.
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Flnanclal Statements Year ended 31 March 2024 General Infonnatlon The charity is a publlc benefit entily and a private company limited by guarantee,. registered in England and Wales and ,a registered charity in England and Wales. The address of the registered office Is The Harbour, Swingpump Lane, Whitehaven, Cumbria. CA28 7LZ. Stat?ment of compllance These financial stat8rnents have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charitles preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP (FRS 102)) and Ihe Ccmpanie8 Act 2006. Accountlng pollcles Basls of preparatlon The financial statements have been prepared on the hlstorical cost basis, as modified by the revaluation of certain financial assets and Ilabllities and Invegtment propertles measured at falr value Ihrough income or expenditure. The financial statements are prepared In pound8 sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the charill8 abllity to conllnue. Dlsclosure exemptlons The charity has taken advantage of the exemption in FRS 102 Update Bulletin 1 from the requirement to produce a cashflow 8tatements because it is a small company.
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Financlal Statements {contlnued) Year ended 31 March 2024 Accountlng pollcies (contlnued) Judgements and key sources of estimation uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and Judgements are continually reviewed and are based on experience and other factors. Including expectations of future events that are believed to be reasonable under the circumstsnce8. Significant judgements The judgements (apart from those involving estimations) that management has made in the ,process of applying the entity's accounting polici&s and Ihat have the most significant effect on the amountg recognlsed in the flnancial statements are as follows. Impairment of tangible fixed assets The company is required to r8view fixed assets for Impairment. Management make judgments about the conditlon of assets and review thelr estimated lives. Key sources of estimation uncertainty Accounting estimates and assumptlons are made conceming the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainly that have a significant risk of causin9 a material adjustment to the carrySng amounts of assets and liabilities within the next financlal year are as follcws: The useful economlc life of each category of fixed asset is assessed when acquired by the company. A degree of estimation is occasionally used in assessing the useful economlc life of assets. Fund accountlng Unrestricted funds are available for use at the discretlon of the trustees to further any of the charity's purposes, Designated funds are unrestrfcted funds earmarked by the trustees for particular future project or commitment. Restricted funds Sre subjected tc restrictions on their expenditure declared by the donor or through the tenrjs of an appeal, and fall into one of two sub-dasses: restricted income fund5 or endowment funds.
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Financial Statements (contlnuad) Year ended 31 March 2024 Accountlng pollcles (contlnued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants Is'recognised when there is evidence of entitlement to the gift, receipt is prcbablè and its amount can be measured rellably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this Is impractical to measure rellably. in whlch cas8 the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognlsed in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of servlces Is recognlsed wlth the dellvery of the, contracted seNice. This Is classlfied as unrestricled funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, In which casa it may be regarded as restricted. Resources expended Exp8nditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement ol financial actlvitles to whlch It relates: expenditure on ralsing funds Includes the costs of all fundralsing activities, evenls, non•charltable trading activities, and the sale of donated goods. expenditure on charlt8ble actlvltles includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated t¢ expenditure categories reflectlng the use of the resource. Direct costs attributable lo a slngle activity are allocated directly tc that actlvity. Shared costs are apportioned between the activities Ihey contribute to on a reasonable, justifiable and consistent basis, Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any auMUlated ,deprecialion and impairment losses. Any tangible assets carried at revalued amounts are r8corded at the fair v81ue at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 10-
Whitehaven Harbour Youth Project Company Llmited by Guarantee Notes to the Financlal Statements fcontlnued) Year ended 31 March 2024 Accounting pollcles (contlnuéd) Tanglble assets (eonfynu• An increase in Ihe carrylng amount of an 8sset as a result cf a r8valuatian, 15 recognised in other recognised gains and losses. unless it reverses a charge for impairment that has prevlously begn recognised as expenditure within the statement of financial activities. A decre8se in the carrying amount of an asset as a result of revaluation, is recogni5ed in olhar recognised gains and losses, exc8Pt to which it offsets any previous revaluation galn, in which case the loss is shown wilhin other recognised gains and losses on the statement of financlal actltI86. Depreclatlon Depreclatlon Is calculated 80 as to write off Ihe cost or valuation of an asset, less its residual value, over the useful economic life of that 8ssel as follows.. straight line over Ihe life of the lease 250/0 reducing balance 250/0 reducing balance Impalrmont of flxed assets A review for indicators of impairment Is Garried out at each reportlng date, with the recoverable amount being estimated where such indicators exlst. Where the carrylng value exceeds the recoverable amount, the asset Is impaired accordlngly. PrSor Impairment5 are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, whan it is not posslble to astlmate the recoverable amount of an individual asset, an esiirnat& Is made of the recoverable amount of the cash-generating unlt to whlch the asset belongs. The cash-generatlng unit is the smallest Identifiable group of assets that includes the ass6t and generates cash inflows that largely independent of the cash inflows Irom other assets or groups of assets. For impairm8nt testing ,of goodwill, the goodwill acquired in a business combination Is. from the acquisition date, allocated to each of the cash-generating units that are expected to benefil from the synergies of the combination. irrespective ot whether other assets or liabilities of the charity are assigned to those units. Government grants Government grants are recognised at the fair value of the asset received or receiv8ble. Grants are not recognised until there 15 reascnable assurance that the charity will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified future performance-related conditions on the recipient. it is recognised in Incorne when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it Is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition critaria, they are recognised as a liability. 11
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year endod 31 March 2024 Accountlng pollcle5 (tontlntséd) Financial instruments Basic financlal instruments are initially recognised at the amount receivable or payable including any related transactions costs. Current assets and liabllitles are subsequently m8asured at th8 cash or other consideration expected to be pald or recelved and not discounted. Deflned ¢ontributlon plans Contributions to defined contrlbution plans are recognlsed as an expense In the perlod In whlch the related service is provided. Prepaid contributions are recognised as an asset to the exlent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be seltled wholly withln 12 months of the end of the reporting date in which the employees render the related service, the liability 18 measured on dlscounted present value basis. The unwinding of the discount is recognised as an expense in the period In whlch It arlses. Llmlted by guarantee Whitehaven Harbour Youth Project is a company Ilmlted by guarantee and accordlngly does not have a share capitsl. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of Ihe charllable company in the event of It being wound up while he or she Is a member, or withln one year after he or she ceases tc be a member. 12-
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Financlal Statements fcofttlnued) Year ended 31 March 2024 Donatlons and lagacles Unrestricted Restricted Total Funds Funds Funds 2024 Donatlons Donations 6,960 6,960 Grants Ccpeland Communlty Fund S8llafield Sea Bins Projecl Cumbria Community Found8tlon (Bedrock) Henry Smith (Core funding) Community Grant8 (including Francis C Scott) 68,750 11,669 18,665 21,609 12,500 21,667 68,750 11,669 21,16S 21,609 q2,500 21,667 2,500 9,460 154,860 164,320 Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donatlons 1,632 1,632 Grants Sports Hall Refurbishment Fund Copeland Communty Fund Sellafield Pollce and Crime Commissioner Big Lottery Cumbria Community Foundation Apprentice Grants Sea Blns Project Cumbria Community Foundation (Bedrock) Henry Smith (Core'funding) Henry Smith Charity Communty Grants (including Francis C Scott) Government grant Income 50.000 11,158 50.000 11,158 3,500 3.500 14,755 2.833 30,000 2,750 17,392 14,755 2,833 30,000 2,750 13.987 3.405 8,537 125,483 124,020 13-
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Financlal Statements fcontlnued) Year ended 31 March 2024 Charitable activlties Unrestricted Total Funds Unrestricted Tctal Funds Funds 2024 Funds 2023 Training and instruction fees Room and equipment hire 42,312 24,133 66,445 42,312 24,133 66,445 40.998 20,940 61,936 40,998 20,940 81,936 Other tradlng activitles Unrestricted Total Funds Unreslricted Total Funds Funds 2024 Funds 2023 Youth club and shop income 5,402 5,402 4,537 4,537 Investment Income Unrestricted Total Fundg Unrestricted Total Fund8 Funds 2024 Funds 2023 Bank interest receivable 2,310 2,310 662 662 Expendlture on charltable actlvltles by fund type Unre8tricted Funds Re3tricted Total Funds Funds 2024 Support C08ts 99,222 191,300 290,'522 Unrestricted Fund8 Re5lricted Total Funds Fund8 2023 Support costs 108.825 162,516 271.341 10. Expenditure on charitsble actlvltles by actlvlty type Support Total funds costs 2024 Total fund 2023 Youth projects 290,522 290,522 271,341 14-
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Flnanclal Statements (contlnued) Year ended 31 March 2024 11. Analyslg of support costs Total 2024 Total 2023 Staff costs Premises 'Communicatlons and IT General office Finan costs Other professlonal fees 188,793 24,050 474 1,307 1,506 900 168,602 20.707 1,157 1,583 1,410 696 k ]] Repairs and maintenance Insurance Motor and travel expenses Aciivily support cosls Freelance tees 8nd tralning Depreciation and impairment 3,574 3.452 4,112 23,073 3.787 35.494 290.S22 4,240 3,730 6,327 20,687 4,632 37,570 271,341 12. Net Income Net inccme is Stated after chargingllcrediting): 2024 2023 Depreciation of tsngible fixed assets 35.494 37,570 13. Independent examlnatlon fees 2024 2023 Fees payable to the independent examiner for. Independent examination of Ihe financi81 st8tement8 Other financial services 1,506 900 1,410 696 2,406 2.106 14. Staff costs The total staff costs and employee benefits for th8 repcrting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributlons to pension plans 174.808 9,067 4,918 188,793 156,294 7,926 4.382 168,602 The average head count of employee5 during the year was 812023: 8). No employee received employee benefits of more than £60.000 during the year (2023: NII). 5-
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 15. Trust0& remunèratlon and expenses The Trustees neither received nor waived any emoluments during the year. During the year £nll (2023 - £nil) out of pocket expenses were relmbursed to trustees. 16. Tanglble fixed assets Land and buildings Motor vehicles Equipment Total Cost At 1 Aprfl 2023 and 31 March 2024 Depreclatlon At 1 April 2023 Charge for the year At 31 March 2024 674,243 19,194 102,480 795,917 288.300 29.262 17,752 360 78,994 5,872 385,046 36,494 420,540 317,562 18,112 84,866 Carrying amount At 31 March 2024 356,681 38S,943 1,082 1,442 17,614 23,486 375,377 410,871 At 31 March 2023 17. Debtors 2024 2023 Trade debtors Prepayments and accrued income 7.123 6,637 13,760 5,659 215 5,874 18. Credltors: amounts falllng due within ono yèar 2024 2023 Accruals and deferred income Social security and olher taxes Other creditors 45,362 8,477 5,289 59,128 81,735 3,064 1,992 86,791 19. Deferred Income 2024 2023 Amount deferred in year 43,064 80,097 16-
Whitehaven Harbour Youth Project Company Limitsd by Guarantee Notes to the Financial Statements (contlnuea) Year ended 31 March 2024 20. Pensions and other'post retlrement benefits Daflned contrlbutlon plans The amount recognlsed in income or expenditure as an expense in relation to deflned contribution plans was £4,918 (2023: £4,382). 21. Government grants The amounts recognlsed in the financial statements for government grants are as fcllows: 2024 2023 Recognised in income from donations and legacies: Government grants Income 22. Analysis of charltable funds Unrestrlcted funds At 1 April 2023 At 31 March 2024 Income Expendlture Transfers General funds D8slgn8ted Fund 63,908 55,000 118,908 83,617 (99,222) 48,303 55,000 103,303 83,617 (99,222) The cornpanls designated unrestricted funds are designated fcr working capital. The comp8ny's general unrastricted funds can be used, with the approval of the company's Board, to fund any expenditure whlch falls wlthln the company's general alms and objectlves. 17-
Whitehaven Harbour Youth Project Company Llmlted by Guarantee Notes to the Financial Ststements (contlnued) Year ended 31 March 2024 22. Analysls of charltable funds fconllnugd) Restricted funds At 1 April 2023 At 31 March 2024 Income Exp&nditure General restricted funds Sports Hall D&velopment Fund Copeland Community Fund Cc-op Community Fund Sellafield- Sea Bins Cumbria County Councll Fundlng Sellafield Donatlons Garfield Weston Foundalion Henry Smith Core Funding Henry Smith Charity Francls C Scott Police & Crime Commissioner Cumbria Community Foundatlon Bedrock 95,362 284,092 (15,258) (14,184) (68,750) (1,731) (21,755) 80,104 269,908 88,750 2,524 12,400 793 9,310 18,665 Fuslon 548 (137) {11,669) (12) {11,6671 (12.5001 (1,484) (10,0001 (544) 411 11,689 47 35 11,667 12,500 5.932 4,448 10,000 2,179 1,835 (21,6091 403,084 1 S4,860 (191,3001 366,644 Income racelved for the purchase of fixed assets Is recorded as income and the annual deprecl8tion on these assels is trealed as expenditure. In the current year this protocol affects particularly the sports hall.capital works and the sea-bins purchase. The Sports Hall Development Fund relates lo several larg8 grants received for the refurbishment of the hall together with improvements to the street frontage. Th&se grants W6r8 primarily from Garfield Weston Anniversary Fund, Cumbria Community Foundation. Copeland Communliy Fund, Sellafield, Sport England and Crowdfunding. Core fundlng f¢r salaries and associated costs was provided by Ihe. Cop81and Communily Fund, the Hènry Smith Charily and the Francis C Scott Charitable Trust. During the year all three funders agreed to support us for a further three-year period, We, also received a two-year core grant from the Garfield Weston Foundation which commenced in September 2023. The Bedrock Programme provides consultancy support io thlrd sector organisations to plan for sustainability and identify opportunities for improvement providing two phases of funding to 'support this process. Our Phase 1 grant has enabled WHYP to appoint a member of outdoor staff for a temporary 12-month period to allow the Projecl Director to give greater focus to strategic management. The Youlh Developmenl Fund Is a SeSlafield funded project supporting youth work throughout the Borough and managed,by the Copeland Youth Network. It requires young people to take the lead in designing and organising a bespoke project and which gives the opportunity for a qualifitIon or accredit8tion. 18-
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Flnanclal Statements (contlnued) Year ended 31 March 2024 22. Analysis of charitable funds {contlnuedJ The Sea Bins Pioject is funded by an upfront grant of £93,500 from Sellafi&ld for the acquisition of six sea blns to be installed in the harbour together with a Ihree-year programme of environmental work with young peopl8. 23. Analysis of net assets between fund5 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Cuffent assets Creditors less than 1 year Nat assets 8,743 110,624 (16,064) 103,303 366.634 43,074 (43,064) 366,644 375,377 153,698 159,128) 469,947 Unrestricted Funds Restrlcted Total Funds Funds 2023 Tangible fixed assets Cutrenl assets Credltors less than 1 year Net assets 9,253 116,349 (6,694) 118,908 401,618 81,563 (80,097) 403,084 410.871 197,912 (86,791) 521,992 24. Other flnancial commltments At 31 March 2024, the charity had total commitments under non-cance51able operating leases overthe remaining life of those assets of £241,067 (2023- £253,121).