Company reg15tration number: 06139222 Charity.registratlon number: 1120763 Whitehaven Harbour Youth Project Company Llmlted by Guarantee Unaudited Financlal Statements 31 March 2025 robinson+co Chartered Accountants
Whitehaven Harbour Youth Project Company Llmlted by Guarantee Flnanclal Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directorfs report) Independent examlnerfs report to the trustees Statement of financial actlvltles (includlng Income and expendlture account) Statetnent of financlal position Notes to the financial statements 8.19
Whitehaven Harbour Youth Project Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2025 The trustees, who are also the dlrectors for the purposes of company lawl present thelr report and the unaudlted flnanclal statsments of the charlty for the year ended 31 March 2025. Objectlves and actlvltles Whilehaven Harbour Youth Project (WHYP) was set up In 1995 In recognltlon of an acut8 lack of youth provi8lon In the town. Initially based on the harbourside. the project moved In 2008 Into much blgger premlses In the ground floor of the town ntre multi-storey car park, slill dose to the harbour and accesslble by bus and on foot frorn nearby houslng eststes. In 2022. wlth consultancy support provlded by Ihe Frdncls C Scott Charftable Twst Step Change Piogramrne, we undertook a strateglc revlew whlch has led us to adopt a series of strateglG plllars and steers and a dellvery action plan. Our refreshed mlssion stat6m8nt d8scrlb6s us as follows: We are 8 local charlt8ble organlsation, dedicated to giving young people opportunllles to develop their potential, to understand thamselves and others, and to have a good time. We achieve Ihat by delivering high qualty, evldence-based youfh work in our town centre facillty 8nd through ouldoor adventure Our prernls8s Include a well4quipped youth space Includlng a kltchen, IT 8pac8 and meetlng room. To the rear of thls Is a sports hall whlch has seen a slgnificant upgrade, introducing a second climblng wall and a new boulderlng wall. These works were successfully completed, through the Covld pandemic period. and extended to includa a new frontage for our faclllty with Improved disabled access. Alongside thls we have a minibu5 - which we have plans in train to replace - and a large range of outdoor equlpment. We provlde a robust weekly programme of activities Monday - Frlday evenlngs Includlng targeted and unlversal youth work sessions alongside adventure actlvity. Being the only centre In West Cumbria with an Advonture'Activities Llcence makes our adventure offer particularly attractlve. We employ six full-time and two part-time staff. All our delivery staff have relevant qualifications in youth work or 8dventur6 actlv5tles and our outdoor Instructors have National Govemlng Bady awards in all relevant disciplines We welcome all young people but our focus Is on work with targeted young p80ple. OUT immediate catchment exhlblts slgnlficant social and economlc deprivation and Includes some of the most deprived neighbourhoods In West Cumbrfa. However. vulnerable young people are not reslricted to deprived areas and Ihere is also a general concem about mental heallh Issues across West Cumbria. We recognlse these needs and seek.lo address them, where we can, and to build emotlonal health and well-belng In all our delivery. Youth work outcomes ar8 achleved In both our indoor youth club setting and in our outdoor activitles. There 15 an Important synergy beiween the two. We emphasise and encourage physical activity, across a broad range of possibllities In our offer, with a focus on local opportunities for adventur8 activity given the feedback from young people and value of th8 Outputs from this over the last few years. Partnership working Is a key elemenl ol our dellvery and sustainability. We support the Copeland Youth Network as a strategic voice for youth provision in th8 area and work with other providers and commissionlng bodles, including Future Pathways being managed by Cumbria Police,. Inspira in supporting NEET young people. the Outdoor Partnership and direGtly with local schools.
Whitehaven Harbour Youth Project Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conunued) Year ended 31 March 2025 The Trustees have referred to the guidance contaln8d in the Charty Commission's general guldance on publlc benefit when revlewing the alms and objectives of the ProJeot. They are satisfied that their actlvities, over the year accord wlth the aims and objectives and provide the approprlate publlc benefit. Achlevements and perforniance We had another busy year both in our youth setting and worklng outslde on adventurous 8Ctiviti85 With range of schools and organlsatlons. A tot81 of 1195 young people took part in our activitles With a core group of 22S attending 10 or more 8essions. Some particularly worthy of mention were 43 accredited outcomes with awards In Archery, Duke of Edlnburgh's Sllver and Bronze Awards. Flrst Aid. Sailing (RYA) Climblng (NICAS) and ASDAN accreditatlons in personal and soclal development. There were also 189 young people with recorded outcomes measurlng progress In thelr personal development. Some key acttvltles durlng the year partlcularly worthy of mentlon are: Our WHYP Youth Volunteerlng Award engaged 36 young p80ple who gave 349 hour8 of their time on a range of voluntary work, mo8dy supporting our youth sesslans In the centre partlcularly with the younger aged groups. Our adult volunteers numbered 14 and they 8UPPOrted the staff In a vartety of sesslons glvlng 555 hours of thelr time to supporting the Project and the young people. We conunued our longstanding commltment to environmental work with Ihe Natlonal Trusl, (receivlng the Land Trust Award last year), and wlth Colourful Coast and Whltehaven Shlp Shapers. Wrth the latter we worked on tldylng. weeding and looking after the town centre environment and created a large book mural on the back of the former Nat West bank. Our annual Youth Development Fund project requlres young, people to take responsibllity for identifying, organlslng and maklng a presentatlon on an away trip that would broaden thelr horizons. Thi5 year we ran two groups. One went to Leeds, notably visiting Harewood House and a famou5 Indian r&staurant and.the other to Llverpool touring the attractions around Albert Dock such as The Beattes Story museum. For both partles the experleTrce of the city envlronment and the skllls leamt in decidlng on the vlslt, the content and taklng responsibility for organlslng the event were most important. Nine young people galned an ASDAN aGcredltation. Our weekly programme nomially Includes a themed session. sometimes very Informal. sometimes with a partner organlsatlon. Hlghlights included: road safety: sexual exploltatlon; homelessness and drugs and alcohol. A 6-88sslon programme to strengthen emotion81 resSllence has been developed and deliv8red. Work In thls area has benefited from the recrultment of a pll experienced youth worker In Aprll 2024. Local partners such as Together We have been very helpful In supportlng some delivery. Flnanclal revFew Our overall financlal posltlon remalns sound with a healthy Balance Sheet. Over the year wa had planned a break*ven budget and at the year-end had a marginal shortfall of some £3,887 balanced from our reserve. Trustees would like to be clear that Ncte 22 (P.18), the analysis of charitable funds, Ilsts a slgnlficant Income balance whlch Is not held in cash. These figures are largely reflectlng flxed assets whlch are depreciated annually in the accounts. Most slgnlflcant are the hlstorfGal grant funds invested in the facilities in our building since 2007 and depreclatlng over the term of our lease.
Whitehaven Harbour Youth Project Company L,Imited by Guarantee Trustees. Annual Report (IncorporatSng the Dlrector's Report) (CLnUedJ Year ended 31 March 2025 From April 2024 the Bedrock Phase 2 Project funded a two-year senior Operations Manager post to help us resource and develop our strategy for Income generation including improving some intemal systems. Vblth some remaining Bedrock Phase 1 fijnds we were able to recruit a plt outdoor instructor to provlde some needed capacity In adventure activity dellvery. In mèeting the gap between eamed income and expendlture we r8li8d on 4 core funders.. Copeland Communlty Fund, the Henry Smith Charity, the Francis C Scott Charitable Trust and Garfield Weston who between them contributed £145,000 towards our overall spend of some £295,229 (discounting depreciatlon - Note 16 P.16). Fundin9 from Garfield Weston GonGludes In June 2025 the other 3 three funders, wilh whom we have had contlnulng relationships, cary on for between 18 months - 2 years. We are very grateful to 811 our funders. We are also grateful to those who commissioned work. The larger fundlng pots for this Included the Sellafield funded Youth Development Fund project,. the Copeland Hub for Future Pathways and the Cumbrfa Community Foundatlon for the Bedrock Phase 1 and 2 projects. A grant from Awards for All has been approved towards the cost of a vital new mlnlbus alongside a very generous donatlon from an Important, longstandlng supporter of WHYP. Our pollcy Is to hold operatlonal rèserv&s equal to between four and slx months of turnover. In April 2025 we had a satlslactory reseThie with net current assets of 80me £124,259. structure. govarnance and management Govemlng Document In March 2007 Whitehaven Harbour Youth Project became a charftable company limited by guarantoe. The company was e8tsblished under a Memorandum of Assoclatlon whlch establlshed th& objects and powers of the charity and Is govemed under its Artlcl88 of Association. In the event of the company belng wound up, members are requlred to Gontribule an amount not exceedlng £1. Man8gem8nl and stafflng The board members are responslble for Its overall management. Trustees ara el8Ct8d by ordinary resolutlon. retlre by rotation and may, if willing to act, be reappolnted. They are currently Deborah Naylor (Chair). Mlchael Prlestley {Secretary). Bern Helller (Treasurer) and Hugh Branney. We are actiV81y seeking new trustees to secure successlon plannlng and refresh our group. The project is supported by slx full-time and Iwo part-tlme members of staff. Our delivery programme also places conslderable reliance on our volunteers, currently numbering 14. Risk management The Trustees have revlew8d the risks to whlch the charity 13 exposed and have laken steps to mitigate these risks. Intemal control risks are minimised by the Implementatlon of procedures for authorlsatlon of all transactions and projects. Policies and produreS are embedded to ensure safeguarding of young people and vulnerable adults, and the health and safety of all project participants, staff and volunteers.
Whitehaven Harbour Youth Project Company Llmited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (conthiued) Year ended 31 March 2025 Reference and admlnlstratlve detalls Reglslered charity name Whitehaven Harbour Youth Project Charlty reglstratlon number 1120763 Company reglstration number 06139222 Prlnclpal office and reglstered The Harbour office Swingpump Lane Whitehaven Cumbria CA28 7LZ The trustaes Bemard Hellier Mlchael Prlestl&y Hugh Branney Deborah Naylor Sue Bamforth (rosigned 1310512024) Compary secrètary Michael Ptiestley Independent examlner P E Ellwood FCA Independent examiner robinson+co Chartered Accountants Oxford Chambers, New Oxford Street Worklngton CA14 2LR Small company provlslons Thls report has been prepared in accordance wlth the provlslons appllcable to companies entiued to the small companies exemption. The trustees, annual report was approved on 15 December 2025 and slgned on behalf of the board of trustees by: Deborah Naylor Trusteel Chalr Mlchael Prlestley Chartty Secretary
Whitehaven Harbour Youth Project Company Limlted by Guarantee Independent Examiner's Report to the Trustees of Whltehaven Harbour Youth Project Year ended 31 March 2025 I report to the trustees on my examination of Ihe financial statements of Whitehaven Harbour Youlh Project Cthe charity,) for the year ended 31 March 202. Responsibllltles and basls of report As the trustees of the company (and also Its dlrectors for the purposes of company law) you are responsible for th8 preparatlon of the financlal statements In accordance with the requlrements of the Companies Act 2006 (Yhe 2006 Act,). Havlng satlsfied myself that the accounts of the company are not qUIred to be audited under Part 16 of th& 2006 Act and are ellglbla for Independent examination, I report in respect of my examination of the charSty's accounts as carried oul under sectlon 145 of the Charitles Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions glven by the Charity Commission under section 145{5)(b) of the 2011 Act. Independent examlnerfs slatement I have completed my examlnatlon. I confirm that no matters have come to my attention in connection with the examinatlon glvlng rne cause to belleve: accountlng r8cord8 were not k&pt in resp8Ct of the charity a8 required by section 386 of the 2006 Act; or Ihe financlal statements do not aord wlth those records; or the financlal statements do not comply wlth the accountlng requlremenl8 of sectlon 396 of the 2006 Act other than any requirement that the accounts give a 'tfue and falrf view which is not a matter considered as part of an independent examlnatlon; or theflnanclal statements have not been pPared in accordance with th8 Charities SORP {FRS 102). I have no concems and hav& come acr08s no other matters In connection with the examlnatlon to whlch attent]on should be drawn In thls report In order to enable a proper underJtandlng of the accounts to be reaohed. Mr Petsr Ellwood FCA Independent examiner robinson+co Chartered Accountants Oxford Chambers. New Oxford Street Workington CA14 2LR 15 December 2025
Whitehaven Harbour Youth Project Company Limited by Guarantee 'statement of Financial Activities (Including income and expendlture account) Year ended 31 March 2025 2025 Restricted funds Total funds Total funds 2024 Unrestrtcted funds Note Income and endowments DonatlDns and legacies Charitable actlvltles Other tradlng activities Investment Income 42,837 63,378 5.885 3.044 210,254 253.091 63.378 5,885 3,044 325.398 164,320 66.445 5,4D2 2,310 238,477 Total Income 115,144 210,254 Expandlture Expenditure on charitable actlvlties Total expendlture 9,10 85,584 85.584 243,701 243,701 329,285 329.285 290,522 290,522 Net gxp&ndltura and net movemant In funds 29.560 (33.447) (3,887) (52.045) R6conclllatlon of funds Total funds brought fopNard Total funds carrled forward 103.303 132.863 366,644 333,197 469.947 466.060 521.992 469,947 The statement of finanGial activities includes all galns and losses recognlsed In the year. All Income and expendlture derlve from continuing aclivities. The notes on page5 8 to 19 forni part ol these flnanclal statements.
Whitehaven Harbour Youth Project Company Limited by Guarantee statement of Flnancial Position 31 March 2025 2025 2024 Naté Flxed assets Tangible fixed assets 16 341.801 375,377 Current assets Debtors Cash at bank and In hand 17 3,380 211,875 215,255 13,760 139.938 153,698 Credltors: amounts falllng due withln ona year Not current assets 18 90.996 59,128 94,570 469,947 469.947 124,259 466.060 466,060 Total assetslgss current Ilabllitle8 Net assels Funds of the charfty Restricted funds Unrestricted fund8 333,197 132,863 466,060 366,644 103,303 469.947 Total charlty funds 23 For the year endlng 31 March 2025 the Gharity was entitled to exemptlon from audlt under section 477 of the Companles Act 2006 relatlng to small companies. Dlrectors, responsibilitles: The members have not requlred the company to oblaln an audlt of its fin8ncial statements for the year in question in accordance with secllon 476; The dlr8Ctots acknowledga their responsibilities for complying wlth the requirements of the Act with respect to accounllng records and the preparation of financial statements. These financial statem8nts have been prepared in accordance wlth the provlslons appllcable to companles subject to the small companles. regime. These financ'ial slatements were approved by the board of trustees and authorised for issue on 2 December 2025, and ar8 slgned on behalf of Ihe board by: .r4(dLO Deborah Naylor TNstee The notes on pages 8 to 19 forrn part of thèsa flnanclal statements.
Whitehaven Harbour Youth Project Company Llmited by Guarantee Notes to the Financlal Statements Year ended 31 March 2025 General Snforniatlon The charity is a public benefit entlty and a private company Ilmlted by guarantee. registered In England and Wales and a reglstered charlty In England and Wales. The addres5 of the reglstered office is The Harbour, Swlngpump Lane, Whitehaven, Cumbrla, CA28 7LZ. Statement of compllance These financial statements have been prepared in compliance wlth FRS 102, Tre Financfal Reporting Standard appllcable In the UK and the Republic of Ireland., the Statement of Recommended Practice appllcable lo charltles preparing thelr accounts In accordance with the Flnanclal Reporting Standard appllcable In the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting pollcles Basls of preparatlon The financial statements have be8n prepared on the hlstorfcal cosl basis. as modified by the revaluatlon of certain financial assets and Ilabilities and Investrnent propertle8 measured at fair value through income or 8xpendlture. The flnanclal statements are prepared In sterllng. whlch Is the functlonal currency of tha entity. Golng concem There are no materfal uncertainties about the chariV8 ability to Gontinue. DlsG105ure exemptlon5 The charfty h8S taken advantage of the exemptlon In FRS 102 Update Bulletln 1 from the requlrement to produce a cashflow ststements because It Is a small company.
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Financlal Statements (¢onllnuedJ Year ended 31 March 2025 Accounting pollcles {n(lnUedj Judgements and, key sources of estimatlon uncArtalnty The preparatlon of the financial statements requlres management to make judgements, estimates and assumptions that affect the amounts reported. These estlmates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are belloved to be rèasonable under the clrcumstanc8S. Slgnlficant Judgements The Judgements (apart from those Involving estirnatrons) that management has made in the process of applylng the entity's accountlng policies and that have the most significant effect on the amounts recognised In the financial statements are as follows: Impairment of tanglble fixed asset8 The company Is required to review flxed assets for Impalrment. Management make Judgments about the condition of assets and review thelr estimated lives. Kèy sources of estimation uncertalnty Accountlng estlmates and assumptlons are rnade concernlng the future and, by their nature, will rar8ly equal the related actual outcome. The key assumptlons and other sou?8 of estimation uncertalnty that have a slgnificant risk of causlng a material adjustment to the carrying amounts of. assets and liabilities wlthln the next financlal year are as follows: The useful economic life of each category of fixed asset Is a88essed when acquired by the ompany. A degree of estlmatlon Is occaslonally used In assessing the useful 8conorniG Ilfe of assets. Fund accountlng Unrestrlcted funds are available for use at the dlscretlon of the trustees to further any of th8 charlty's purp088S. 08slgnated funds are unrestrtcted funds earmarked by the truslee8 for partlcular future project or commitment. Restrlcted funds are subjected to restrictions on their expenditure.declared by the donor or Ihrough the terms of an appeal. and fall Into one of two sub-classes: restrlcted Income funds or endowment funds.
Whitehaven Harbour Youth Project Company Llmlted by Guarantee Notes to the Financlal Statements (conunued) Year ended 31 March 2025 Accountlng pollcles IntInued) Incomlng resources All Incomlng resources are Included in the statement of flnanclal activities when entitlement has passed to th8 charlty,. it is probable that the economlc benefits assoclated wilh the transactlon will flow to the charity and the amount can b8 reliably measured. Tha following speclflc pollcles are applled lo partlcular categorles of income: Income from donations or grants Is recognlsed when there is evldence of entltlement to the gift, recelpt Is probable and Its amount can be measured rellably. legacy Inwme 16 recogntsed when receipt Is probable and,enUllement Is established. Income from donated goods is measured at the falr value of .the goods unless thls Is Impractlcal to measure reliably, in which case the value Is derlved from the cost to the donor or th8'estimated resale value. Donated facilitie8 and services are recognlsed in the account5 when received rf the value can be rellably measured. No amounts are included for the contribution of general volunteers. Income from contracts for thè supply of s&rvic88 Is recognlsed wlth the dellvery of the contracted servicè. Thls is classified as unrestricted funds unless there 18 8 contractual requirement for It to be spent on a partlcular purpose and retumed If un8pent, In which case it may be regard8d as,r8strlcted. Resource5 expended Expenditure Is recognlsed on an accruals basls as a Ilablllty Is InCuad. Expendlture Includes any VAT which cannot be fully recovered. and is classified under headlngs of the statement of financlal acllvitles to whlch It relates: expendlture on ralslng funds Includes the costs of all fundralslng actlvltles, events. non- ch8ritable tradlng activities, and the sal8 of donated goods. expendlture on charitable actlvltles Includes all costs Incurred by a charlty In undertaking actlvltles that further Its charltable alms for the benefit of Its beneficiaries. Including those support costs and costs relatlng to th8 govemance of the charlty apportloned to charftable actlvltles. other expendlture Includes all expendlture that Is nelther related to ralsing funds for the charlty nor part of Its expenditure on charitable actlvitles. All costs are allocated to expenditure categories reflecting the use of the resource. Dlrect costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activllles they conlribute to on a reasonable, justlftable and conslstent basls. Tanglble assets Tanglble assets are Initially recorded at cost, and subsequently stated at cost less any,accumulated depreciation and Impalrment losses. Any tanglble assets carrled at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated d8precSatlon and subsequent accumulaled impaimient losses. 10
Whitehaven Harbour Youth Project, Company Llmited by Guarantee Notes to the Flnanclal Statements (continued) Year ended 31 March 2025 Accounting pollcles fconunued) An increase in the carying amount of an asset as a result of a revaluatlon. Is recognlsed In other recognised galns and losses, unless It reverses a charge for impairment that has previously been recognlsed as expendlture wilhln the ststement of financial aGtNities. A decrease In the carying amount of an assel as a result of revaluatlon. is recognised in other recognised gains and losses, except to whlch it offsets any previous revaluation gain. in which case the loss Is shown withln other recognlsed galns and losses on th8 slatern8nt of financial aclivities. Dapreciatlon Depreclation Is calculated so as to wrlte off the cost or valuatlon of an asset, less its residual value, over the useful economlc life of that asset as follows: Straight line over the life of the lease 250/0 reduGlng balance 25Vo reduGlng balance Impalrment of fixed assets A ravlew lor Indlcators of Impalmient Is carrled out at each reporting date, with the recoverable amount belng estlmated where such indicators exist. Where the carrylng value exceeds tha recoverabla amount, th8 asset is impalred accordlngly. Prlor Impaiments are 8180 reviewed for posslble reversal at each reporting date. For the purposes of Impalrment testing, when it is not posslble to estlmate the recoverable amount of an Indlvldual asset, an estimate is made of the recoverable amount of the cash%eneratlng unlt to whlch the asset b8long5. The cash-generatlng unlt Is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash Inflows from oth8r assets or groups of assets. For Impalrment testlng of goodwlll, the goodwill acquired In a buslness comblnatlon is, from the acqulsltlon date. allocated to each of th8 cash-generatlng unlts that are expected to benefit from the synergi85 of the comblnatlon. IrrespectlV8 of whether other assets or Ilabilitlos of the charity are assigned to those unlts. Government grants Government grants are recognlsed at the fair value of the assèt received or recelvable. Grants are not recognised until there Is reasonabl8 assurance that the charity will comply with the condltions attaching to Ihem and the grants wlll be received. Where the grant does not impose speclfied future performanc8-r81ated conditions on the reclplent, it Is recognised in income when the grant proc8eds ale received or recelvable. Where the grant does impose specified future perforrnance-ielated conditions on the reclplent, it Is recognSsed In income only when Iha perfomance-related condilions have bean met. Wher8 grants received ar prfor lo satlsfying the revenue recognition criteria. they are'recognised as a liabilty. 11
Whitehaven Harbour Youth Project Company Llmlted by Guarantee Notes to the Flnanclal Statements (conunued) Year ended 31 March 2025 Accounting policies (contlnued) Financlal instruments Baslc financlal Instruments are Inltlally r8cognls8d at the amount receivable or payable including any related transactions costs. Current assets and Ilabllltles are subsoquently measured at the cash or other consideration expected to be pald or received and not dlscounted. Dafined contrlbutlon plans Contributions to defined contribution plans are recognised as an expen80 in th8 period in whlch Ihe relaled service Is provided. Prepaid contributions ar8 recognised as an asset to the extent that the prepayment wlll lead to a reductlon In future paym8nts or a cash refund. When contrrbutlong are not expected to be settled wholly wlthSn 12 months of the end of the reporting date In whlch th8 employees render the related servlce. the Ilablllty Is measured on a dlscounted present value basis. The unwlndlng of the dlscount Is recognised as an expense in the perfod In whlch It arlses. Llrnlted by guarantee Whltehaven Harbour Youth Project Is a company Ilmlted by guarantee and accordlngty does not have a share capltal. Every member of the company undertakes lo contrlbute such arnount as rnay be r8qulred not exceedlng £1 to the assets of the charltable company In the event of It belng wound up whlle he or she Is a member, or withln one year after he or she ceases to be a member. 12
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2025 Donatlons and lagacles Unrestricted Funds Restricted Total Funds Funds 2025 Donatlons Donations 37,637 37.637 Grants Copeland Community Fund Sellafield Sea Bins Project Cumbria Cornmunty Foundation - Bedrock Henry Smlth (Core'funding) Community Grants 68.750 68.750 100 42.327 43.750 55.327 210.254 100 42,327 43,750 60,527 253,091 5,200 42,837 Unrastrfcted Funds R8strlcted Total Funds Funds 2024 Donations Donallons 6,960 6,980 Grants Copeland Communlty Fund Sellafield Sea Bins Project Cumbrla Community Foundation - Bedrock Henry Smlth (Core funding) Community Grants 68,750 11,669 18,665 21,609 12,500 21,667 154,860 68,750 11,669 21,165 21,609 12.500 21,667 164,320 2,500 9,460 13
Whitehaven Harbour Youth Project Company Llmited by Guarantee Notes to the Financial Statements (contlnu Year ended 31 March 2025 Charllable actlvltles Unrestrlcted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Tralnlng and Instructlon fees Room and equipment hire 40.921 22.457 40,921 22,457 42.312 24,133 42.312 24,133 63.378 63,378 66.445 66,445 other tradlng actlvltles UnrestrlGted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Youth club and shop Income 5.885 5,885 5,402 5,402 Investment Incoma Unrestrlcted Total Funds Unrestrlcted Totsl Funds Fund8 2025 Funds 2024 Bank Interest recelvable 3,044 3,044 2,310 2,310 Expendlture on charltable actlvltles by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Support costs 85,584 243,701 329.285 Unrestrfcted Funds Restrlcted Total Funds Funds 2024 Support costs 99,222 191,300 290,522 10. Expondlture on charltablo actlvltles by actlvlty type Support Total funds costs 2025 Total fund 2024 Youth projects 329,285 329.285 290,522 14
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Flnanclal Statements (contlnuedj Year ènded 31 March 2025 11. Analysls of support costs Total 2025 Total 2024 Stsff costs Premises Communications and IT General office Flnance costs Other professional fees Repalrs and maintenance Insurance Motor and travel expenses Activity,support costs Freelance fees and training Depreclation and impairment Inter8St pald on overdue taxation 221,308 22,516 494 1.036 1.632 816 10.574 4.387 8.281 18.964 5.145 34.056 76 188,793 24,050 474 1,307 1,506 900 3,574 3,452 4,112 23,073 3,787 35.494 329,285 29D,522 12. Nèt Income Net Income Is stated after chargingl(credttlng): 2025 2024 Depreclation of tanglble ftxed assets 34,056 35,494 13. Independent examlnallon fees 2025 2024 Fe payable to the Independent examlner for: Independent examination of the financlal statements Other financial services 1.632 816 1,410 696 2,448 2,106 14. Staff costs The total staff costs and employee b8nefits for the reporting period are analysed as follows; 2025 2024 Wages and salaries Soclal security costs Employer contributions to pension plans 202.296 13,133 5,879 221,308 174,808 9.067 4,918 188,793 The average head count of employees during the year was 9 (2024: 8). No ernployee received employee beneflts of more than £60,000 during the year (2024: Nil). 15
Whitehaven Harbour Youth Project Company Llmlted by Guarantee Notes to the Financlal Ststements (conllnued) Year ended 31 March 2025 15. Trustee remuneration and expenses The Trustees neither received nor walved any emoluments during the year. During the year £nil (2024 - £nil) out of pocket expenses were reimbursed lo trustees. 16. Tanglble Ilxed assets Land and bulldlngs Motor vehlcles Equlpm6nt Total Cost At 1 April 2024 Additions 674,243 19,194 102,480 480 795,917 480 At 31 March 2025 674,243 19,194 102,960 796,397 Depreclatlon At 1 Aprll 2024 Charge for the year At 31 March 2025 317,562 29,262 346,824 18,112 270 84,868 4,524 89,390 420,540 34,056. 454,596 18,382 Carrylng amount At 31 March 2025 327,419 356,681 812 13.670 17,614 341,801 376,377 At 31 March 2024 1,082 17. Debtors 2025 2024 Trade debtors ,Prepayments and accruéd incomé 2,928 452 7,123 6,637 13,760 3.380. 18. Creditors: amounts falllng due wlthln one year 2026 2024 Trade creditots Accruals and deferred Income Soclal secur6ty and 0th8r taxes Other creditors 270 B4244 4040 2,442 45,362 8,477 5,289 90,996 59.129 19. Deferred income 2025 2024 Arnount defeed In year 82,408 43.064 16
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Financial Statements (Gondnuedj Year ended 31 March 2025 20. Penslons and other post retiremant benefits Deflned contribution plans The amount recognised in income or expenditure as an expense In relation to defined contributlon plans was £5,879 (2024: £4,918). 21. Government grants The amounts recognlsed in tha financlal statements for government grants are as follows: 2025 2024 Recognlsed In Income from donallons and legacles: Govemment grants income 22. Analysls of charltable funds Unrestrlcted funds At 31 March 20 25 At 1 April 2024 Income Expendlture Transfers Gen&ral funds Designated Fund 48,303 55,000 103,303 115.144 (85.584) (20,000) 20,000 57,863 75,000 q 32,863 115.144 (85.584) The company's de8lgnated unrestricted funds are deslgnat8d for worklng capital. The companls general unrestrlcted funds can b8 used, with the approval of the company's Board. to fund any expendlture which falls wlthln the company's gen8ral aim8 and objectives. 17
Whitehaven Harbour Youth Project Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2025 22. Analysls of charitable funds (condnued) Rèstrlcted.funds At 1 April 2024 At 31 March 2025 Income Expenditure General Restrlcted Funds Copeland Communlty Fund Youth Development F,und CYA Break the Mould Cumberland Councll Sports Hall Development Fund cOp Communlty Fund The Nelghbourly Foundatlon Cumbrla Comrriunlty Foundatlon Cumbria County Councll- Fuslon Donations Sellafield- Sèa Bin8 GarfEeld Weston Foundation Henry Smith Charlty Francis C Scott Police & Crime Commlssloner Henry Smith Core Fundlng Copeland Community Fund - Bedrock 80,104 {15,108} (68.750) (11,577) (1,500) (6,000) (14,184) (198) (5,000) (2,500) (103) (9) (2,425) (20,000) {1,112} (8,750) (408) (43,750) (42,327) 64.996 68,750 11,577 1,500 6,000 269,908 793 255.724 595 5.000 2,500 411 35 9,310 308 26 6,985 100 20,000 4,448 3,336 8,750 1,635 1,227 43,750 42,327 366,644 210,254 (243,701) 333,197 Income recelved for the purchase of fixed assets Is recorded as Income and the annual depTeclation on th8se assets Is trealed as expendlture. In the current year thls protocol affects partlcularly Ihe sports h-all capital works and the sea-bins purchase. The Sports Hall Development Fund relates to several large grants réceived for the refurblshment of the hall together with improvement5 to the street frontage. These grants were primarily from Garfield Weston AnnNersary Fund. Cumbrla Community Foundation, Copeland Communlty Fund, Sellafield, Sport England and Crowdfunding. Core funding for salarles and assoclated costs was provided by Copeland Community Fund, the Henry Smith Charity, Ihe Francls C Scott Charltable Trust and Garfield Weston. Thls funding contlnues for a further 18 months and 2 years other than Garfteld Weston whlch ceases In June 2025. The Bedrock Programme, adminlstered by Cumbria Community Foundalion and funded by S811afi81d Ltd.. PTovides consultancy support to thlrd sector organisations to plan for sustalnabillty and Identify opportunltles for Improvement offering two phas85 of funding to support the process. We benefltted from a Phase 1 grant enabling the fixed term 1 'year appolntment of an additional outdoor activities staff member to improve dellvery capaclty. In April 2024 a Phase 2 grant enabled the recruitment of an Operations Manager for a 2 year perlod to Increase management capacity and development of Income generation. The Youth Development Fund Is a Sellafield funded project supporting youth work throughout the Borough and managed by the Copeland Youth Network It requires young people to take the lead
Whltehaven Harbour Youth Project Company Llmited by Guarantee Notes to the Flnanclal Ststements fconllnuedj Year ended 31 March 2025 22. Analysis of charEtable funds (Gonllnuodj In designing and organlslng a bespoke project and which give5 the opportunlty for a qualification or accredltatton. The Sea Blns Project Is funded by an upfront grant of £93.500 from Sellafield for the acqulsitlon of slx sea blns to be Installed In the harbour together wlth a three-year programme of envlronmental work with young people. 23. Analysls of net assets between fund6 Unrestrlcted Restrlcted Total Funds Funds Funds 2025 Tanglble fixed assets Current assets Creditors less than 1 year Net assets 8,614 132,837 (8,588) 132,863 333,187 82,418 (82,408) 333,197 341.801 215,255 (90.996) 466,060 Unreslricled Restricted Total Funds Funds Funds 2024 Tanglble flxed assets Current assets Credltors less than 1 year Net assets 8,743 110,624 (16,064) 103,303 366,634 43,074 (43,064) 366,644 375,377 153,698 (59,128) 469,947 24. Other flnanclal commltments Al 31 March 2025, the charity had total commltments under non-cancellable operatlng18ases over the remalning Ilfe af those assets of £229,013 (2024- £241,067). 25. Related partles The charity recelved donations In the year from truslees of £28,000 (2024 - £nll). 19