## **Celebrating 25 years in the Community 1999-2024** ## **HYP Chair’s Report April 2024 - March 2025** - **We have experienced a very challenging year. We were able to recruit a fund raiser, Kirsty Passmore to replace Stephen Potts, who built on the hard work of our Manager Jacqueline in the interim, to try to attract grant funding in an increasingly difficult financial landscape for small charities like ourselves. Despite having approximately £240K of potential bids in the pipeline, it became clear that HYP was no longer able to secure the larger awards from previously reliable providers eg the Big Lottery and Children in Need and so we were not going to meet our running costs.** - **Working closely with Manager, Jacqueline and Carla her deputy, the trustees considered different options to address the impending financial crisis. Initially we began a consultation with staff to move to 39-week contracts to provide a term time only offer. Unfortunately, it quickly became apparent that with more bids being unsuccessful, we were left with no option other than to make staff compulsorily redundant and close the project. As a result, in March 2025 we secured the services of an external HR consultant to ensure a fair and transparent process.** - **Understandably the staff were very shocked at this sudden change in circumstances. However, despite this I would commend their professionalism, led and modelled by Jacqueline and Carla, in the way they addressed the need to close. As a result, the final weeks and months of the Charity were well managed and with the selling of the assets, such as surf boards and other equipment, we were able to cease activities with a small budget surplus.** - **I would like to take this opportunity to thank our strong and committed team of Trustees with its wide of range of professional backgrounds and complementary skills, particularly in leading and managing the project during these exceptionally difficult last 12 months. None of us wanted to make the ultimate decision to cease the project after 26 years of providing successful services to young people in West Cornwall. Sadly, we were left with no other option. Although bittersweet, HYP was awarded “Organisation of the Year” in 2025 by Hayle Town Council and both David Raymer, a founding trustee along with three young people representatives, provided fitting tributes, speaking movingly about the project and what it had achieved.** ## **Gary Anderson Chair February 2026** HYP, 5 Albertus Gardens, HAYLE, Cornwall. TR27 4JB hypinformation@gmail.com Charity No: 1124306 HAYLE YOUTH PROJE_C STATEMENT OF FINAN.CJALACItvitlES F_OR THE YEAR ENDE1131WJAARCH 2025 Restrlcted Deslgnated Unrestrlcted Funds Funds Funds Total Funds 2025 2024 INCOMING RESOURCES Activities in the furtherance of the charitys objects: Grants & Donations 133826 133826 129117 Other Income 42387 42387 17139 Investment Income: Interest Receivable 1710 1710 1087 TOTAL INCOMING RESOURCES 177923 177923 147343 RESOURCES USED Cost of activities in furtherance of the Charitys objects: Direct Charitable Expenditure 209233 208733 198924 Other Expenditure: Fund-raising, Publicity Management & Administration Depreciation 31917 2805 2637 2637 TOTAL RESOURCES EXPENDED 211870 211370 233646 NEf INCOMING RESOURCES FOR THEYEAR Before Transfers Transfer Between Funds NEf MOVEMENT IN FUNDS -33947 -33947 -86303 -33947 -33947 -86303 TOTAL FUNDS BROUGHT FORWARD 158552 72249 158552 TOTAL FUNDS CARRIED FORWARD 124605 38302 72249 HAYLEYOLrtH PROJEC_T, BALANCE SHEEtASAT.31S.T MARCH2025 Restrlcted Deslgnated Unrestrlcted Funds Funds Funds Total Funds 2025 2024 TANGIBLEEtXEQASSETS 10548 10548 13185 QUBBLNI.ASSET& Debtors Bank Deposits, Current Account Balance & Cash In Hand 35169 32254 67748 45717 42802 80933 QBED_IIORS Amounts falling due within one year Deferred Income 1769 500 6915 7415 6915 6915 6915 38302 35887 72249 Restricted Designated Unrestricted -6565 38302 35887 78814 38302 35887 72249 Approved by the Trustees on Chairman ofth rustees Date: HAYLE YOUT.H PROJECT INCOME & EXPENDITURE ACCQUNT FOR THE YEAR ENDED.IIST MARCH2Q25 INCOME Grants: Dave Rlddell Elm Grant Trust Natlonal Lottery Communlty Fund Tlme to Move The Headley Trust Tesco- Groundworks UK BLF-Reachlng Communftes Garfleld Weston BBC Chlldren In Need Youth Investment Fund Hayle Town Councll Tudor Trust UK Youth Thrlving Mlnds Cwll Councll SIPF Fund Awards for All 2025 2024 2000 750 34652 4887 20000 1000 52619 25000 7037 38500 109 3525 133828 12911 OIHER INCQME Deposlt Account Interest Fees from Schools & Famllles Other Income Income from Centre 1087 15062 41069 369 1710 177923 144 Salaries & NIC Staff Tralnlng Payroll semces Sesslonal Worker Costs Telephone & Internet Co-ordlnator Insurance Project Related Expenses Mlnlbus Expenses Young Persons travel Computer Supplies. Sundry.PPE Etc. Centre Costs: Utllities, Waste. Cleanlng & Maontenance Accountancy Depreclatlon Marketing External Supervlson Bank Charges IT Costs 166727 167435 4205 765 800 227 2000 4045 6549 3078 14495 7516 657 1901 3883 1830 15763 776 2805 130 600 6073 2637 620 80 9633 211870 Excess of Expendlture over Income for the Year (Loss) .33947 -86303 Independent Examiner's Report to the Trustees of The Hayle Youth Project. I report on the accounts of the Charity for the year ended 31" March 2025, which are set out on the attached pages. Respective Responsibilities of Trustees and Examiner As the Charity's Trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of The Charities Act 1993 (The Charities Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of The Charities Act, whether particular matters have come to my attention. Basis of Independent Examiner's Report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audiL and consequently I do not express an audit opinion on the view given by the accounts. Independent Examiner's Statement In connection with my examination, no matter has come to my attention: (i) which gives me reasonable cause to believe that in any material respect the requirements: To keep accounting records in accordance with section 41 of The Charities Act); and to prepare accounts which agree with the accounting records and comply with the account requirements of The Charities Act. have not been met. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ryFCA CHARTERED ACCOUNTANT 97 Meneage Street Helston Cornwall TR13 8RE Dated .