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2022-03-31-accounts

Registered Charity No. 1128667 Company No. 6702051

TRING YOUTH PROJECT (A company limited by guarantee)

TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

TRING YOUTH PROJECT (A company limited by guarantee)

CONTENTS

Page
Trustees' report 1 – 4
Independent examiner’s report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 14

TRING YOUTH PROJECT (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees, who are also directors of the Charity for the purposes of the Companies Act, submit their annual report and the financial statements of Tring Youth Project (the Charity) for the year ended 31 March 2022. The Trustees confirm that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

OBJECTIVES AND ACTIVITIES

Objectives

The objects of the charity are:

Activities

To meet its objects the Trustees established the following activities for the financial year under review:

Public Benefit

When reviewing the Institute’s aims and objectives and in planning future activities the Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit, and the duties set out in Section 17(5) of the Charities Act 2011, including the guidance “Public Benefit: Running a Charity (PB2).”

The charity’s activities, and other events, including one-to-one counselling, coaching and mentoring, are orientated to the young people of Tring and the surrounding villages. The charity’s objective is to help and educate them to grow to full maturity as individuals and members of society through increasing their self confidence and social skills, developing practical skills; and, through sharing experiences with each other and the staff and volunteers, improving their life skills in preparation for adulthood. All young people in the area between the ages of 13 and 19, or if disabled 25, are able to participate regardless of personal background, ability, circumstance, religion, ethnicity, gender or sexual orientation.

By making the Hall available, when not in use by the young people, for hire by local organisations or groups and by clearly publicising this availability, the charity is able to provide a benefit to the wider local community.

ACHIEVEMENTS AND PERFORMANCE

The youth service is provided one evening each week and an independent youth leader and assistants are engaged to provide this service on the charity’s behalf. However the continuation of the Covid 19 pandemic necessitated the closure of the Temperance Hall in the first half of the financial year and youth activities did not recommence until October 2021. Similarly the hire of the hall to community groups and other local organisations was delayed until the same time with a consequential loss of income. However, the receipt of Covid 19 local restrictions support and Omicron grants from Dacorum Borough Council (DBC) mitigated the losses and the Business restart grant also from DBC allowed the redecoration and refurbishment of the Hall making it “Covid secure” and more appealing and suitable for prospective users.

TRING YOUTH PROJECT (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Financial position

Tring Town Council again provided a grant as a contribution to the running costs of the Hall and the Trustees are grateful for its continued support. However, to remain financially viable the charity needs to be able to hire the Hall to other community groups but, as a consequence of the Covid 19 pandemic, such income was restricted for a second consecutive year. The charity has been able to remain financially viable thanks to three Covid-19 support grants from Dacorum Borough Council which also allowed the long-delayed improvement of the facilities and therefore the appeal to continuing and new hirers.

Unrestricted funds at 31 March 2022 were £27,142. Restricted funds comprised £90,226 of the Community Asset Fund, against which depreciation of the Temperance Hall assets is being charged over the 25 year lease period, and £970 of mental health project funds will be used in the coming financial year.

Reserves Policy

In accordance with the grant agreement the amounts received from the Community Assets Fund have been used specifically for the refurbishment and furnishing of the Temperance Hall and consequently these are accounted for and reported in a separate restricted fund. As the grant has been used exclusively for leasehold improvements to the Temperance Hall or for the acquisition of furniture and equipment, all expenditure funded by the grant has been capitalised as tangible fixed assets. The assets are depreciated over their estimated useful life and the depreciation is charged to the restricted fund. The balance on this restricted fund therefore represents the amount of grant received less accumulated depreciation of the assets purchased with the grant.

The Trustees need to ensure that free funds are available in each financial year to meet any reasonable foreseeable contingency. In determining the level of unrestricted funds to be held, the Trustees have a policy that, when possible, general funds should be maintained equal to at least three months of normal operating expenditure plus the cost of meeting total future lease payments. At 31 March 2022 there were sufficient unrestricted funds to satisfy the policy.

Going concern

The Trustees are of the opinion that the assets and reserves of the charity in the light of its committed income, expenditures and cash flows, are adequate to support its immediate on-going activities and obligations.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document and Constitution

Tring Youth Project is a company limited by guarantee governed by its Memorandum and Articles of Association dated 28 April 2008. It is registered as a charity with the Charity Commission. Membership is open to individuals or organisations who apply to the charity and are approved by the Trustees. In the event of a winding up of the charity the maximum liability of each member is limited to £10. At 31 March 2022 the charity had 9 members.

Tring Youth Project was incorporated as a private company limited by guarantee on 18 September 2008 and entered into the Central Register of Charities at the Charity Commission on 19 March 2009, when the assets and liabilities of the unincorporated Tring Youth Project, which was dissolved on the same date, were acquired.

Organisational Structure

The charity is governed by its Trustee Board which is responsible for setting the strategic direction and the policy of the charity. The Trustees carry the ultimate responsibility for ensuring that the charity satisfies its legal and contractual obligations. The day to day business of the charity is carried out by the individual Trustee(s) to whom specific tasks have been assigned and delegated, within terms of delegation approved by the Trustees.

TRING YOUTH PROJECT (A company limited by guarantee)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT cont’d

Method of Appointment and Induction of Trustees

Trustees must be members of the charity and are co-opted by the Trustees and elected by the members in accordance with of the Articles of Association.

The existing Trustees would look to appoint someone who was already familiar with the work of the Charity. Once appointed Trustees undergo an induction process to brief them, where necessary, on their legal obligations under charity and company law. They are also informed of the content of the Memorandum and Articles of Association, the objects and activities of the charity, the decision making processes, the business plan, and the recent financial performance of the charity. They are advised of further available information, including that on the Charity Commission website, and about external training courses, which they are encouraged to attend, in order that they understand better their duties as Trustees and can execute them responsibly and effectively for the benefit of the charity.

Related Parties

Related party transactions are disclosed in Note 12 to the Financial Statements.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name: Tring Youth Project
Charity Registration:
1128667
Company Registration:
6702051
Registered Office:
Temperance Hall, Christchurch Road,
Tring, Hertfordshire, HP23 4EE
Bank:
National Westminster Bank, 199 High Street,
Berkhamsted, Hertfordshire, HP4 1AW
Solicitors: Pickworths, 55 Marlowes, Hemel Hempstead
Hertfordshire, HP1 1LE

Directors and Trustees

The Directors of the charitable company (“the charity”) are its Trustees for the purpose of charity law and throughout this Report are collectively referred to as the Trustees.

The following were Trustees and officers of the charity on the date of approval of the report:

DATE
TRUSTEE ROLE APPOINTED
Mrs E C Cave Trustee, Chairman 18.9.08
Mrs P J Hearn Trustee, Vice Chairman 18.9.08
Mr T. Culverhouse Trustee 14.11.18

TRING YOUTH PROJECT (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AqARCH 2022 STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees (who are also directors of Tring Youth Project for the purposes of company lawl are ￿sponsible for preparing the Trustees. report and the financial slalemenls in accordance wth applicable law and United Kingdom Accounting Standards (Unrted Kingdom Generally Accepted Accounting Practice). Company and charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming ￿SourceS and application of resourcets, including the income and expenditure, of the charstable company for that period. In preparing these financial statements, the Trustees are required to.. select suitable a¢￿UntIng policies and then apply them consislenuy observe the methods and principles in the Charities SORP make judgments and estimates that are reasonable and prudent stste whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitsble company will continue in opèrabon. Thè Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any lime the financial position of the charitable company and enable them to ensure that the financial statements mply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable mpany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularit"es. This report has been prepared in accordance wtth the Statement of Recommended Practice - Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities p￿pann9 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} and wth the provisions of the Companies Act 2006 and of FRS 102 relating to small companies. The Trustee5 are responsible for the maintenance and integrty of the charity and financial infomation included on the charity's website. Legislation in the United Kingdom governing the preparation and dissembnation of financial statements may differ from legislation in otherjurisd￿l0ft$. On behalf of the Trustees Mrs E C Cave Chalrnian Dats: )Iiilx

TRING YOUTH PROJECT (A company Ilmited by guarantee) REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022 I report on the accounts of Tring Youth Project for the year ended 31 March 2022, which are set out on pages 6 to 14. Rospon$lbilitiey and basi5 of roport A$ the charty's Irustees of the Company {and also its dire¢tors for the purpose$ of company law} you are responsible for the preparation of the ac¢ounts in accordance wlh the requirements of the Companies Act 2006 I'lhe 2006 Act'l. Having satisfied myself that the accounts of the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying out my examinatlon I have followed the Directions given by the Charity Commission under section 145151 (bl of the 201 l Act. Indepfrndent examinerf$ gtatemont I have complgled my examination. I confirm that no matters have come to my attentson in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by sectson 386 of the 2006 Act,. or 2. the accounts do not a¢coriJ with those records., or 3. the accounts do not comply with the accounting requlremenls of section 396 of the 2006 Act other than any requirement that the a¢¢ounts give a 'true and fair view,, which is not a matter considered as part of an independent examination., or 4. the accounts have not been prepared in accordance wth the methods and principles of the Statement of Recommended Pradice for accounting and reporting by charities {Charilies SORP IFRS 10211. I have no concerns and have come across no other matters in conne¢lion w7th the examination to which attention shoukl be drawn in this report in order to enable a proper understanding of the accounts lo be reached. R Hopkins FCA, G￿en Meadows. Longfield Road, Tring, HP234DF So November 2022

TRING YOUTH PROJECT

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME FROM:
Donations
3
Covid-19 support grants
Dacorum Borough Council
4
Charitable activities:
Provision of youth activities
5
Provision of community facilities
5
Other trading activities
6
Investment income
Total income
EXPENDITURE ON:
Raising funds
8
Charitable activities:
Provision of youth activities
9
Provision of community facilities
9
Provision of mental health support
9
Total expenditure
NET INCOME / (EXPENDITURE) FOR
THE YEAR & NET MOVEMENT IN FUNDS
10
RECONCILIATION OF FUNDS:
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
£
250
20,141
5,000
420
2,825
-
28,636
7,750
10,538
1,832
-
20,120
8,516
18,626
27,142		 Restricted
Funds
£
-
-
-
-
-
-
-
3,804
2,813
902
650
8,169
(8,169)
99,365
91,196		 2022
Total
£
250
20,141
5,000
420
2,825
-
28,636
11,554
13,351
2,734
650
28,289
347
117,991
118,338		 2021
Total
£
1,500
11,334
5,000
630
75
-
18,539
4,764
7,946
3,217
-
15,927
2,612
115,379
117,991

All of the above results are derived from continuing activities. The Statement of Financial Activities includes all recognised gains and losses in the year.

The detailed 2021 comparative Statement of Financial Activities is reported in note 2.

The notes on pages 8 to 14 form part of these financial statement

TRING YOWH PROJECT (A company Ilmited by guarantee) BALANCE SHEET AS AT 31 MARCH 2022 Company NUm￿r. 6702051 2022 2021 Nol• FIXED ASSETS Tangible fixed assets 14 90,226 97, 745 CURRENT ASSETS Stock- Tuck shop Debtors Cash at bank and in hand 270 120 28.585 15 180 20,066 TOTAL CURRENT ASSETS CREDITORS. amounts falling due wthin one year 28,975 863 20,246 16 NET CURRENT ASSETS 28.112 20,246 TOTAL ASSETS LESS CURRENT LIABIUTIES & TOTAL NET ASSETS 118.338 117.991 FUNDS Unresthcted Funds 17 27.142 18.626 Restricted Funds 17 91.196 99,365 TOTAL FUNDS 118,338 117,991 The Trustees consider that the company is enlrtled to exemption from the requirement to have an audit under the provisions of section 477 of the Companie5 Act 2006 I'lhe Art'l and members have not required the Company to obtsin an audit for the year in question in accordance wth section 476 of the Act. The Trustees aCknO￿edge their responsibilities for ensuring that the company keeps 8ccovntr.ng records which comply with section 386 of the A¢t and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 Ma￿h 2022 and of its profil or loss for the year then ended in accordance with the requirenienls of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies AGt 2006 relating to the financial statements so far as applicable to the company. The financial statements have been prepared in accc)rdance with the special prowsions relating to companies subject lo the small companies regime within part 15 of the Companies Act 2006. On behalf of the board Mrs E C Cave- Chaimian The notes on pagès 8 to 14 form part of these financial ststements.

TRING YOUTH PROJECT (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting Policies

1 1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - effective 1 January 2019) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity has taken advantage of the special provisions relating to small companies as set out in the Companies Act 2006 and those relating to smaller entities in Charities SORP FRS 102.

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

1.2 Going concern

The accounts are prepared on a going concern basis after consideration by the Trustees that there are no material uncertainties about the charity’s ability to continue as a going concern. Such consideration includes a review of committed income and expenditures, cash flows and reserves. The Trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

1.3 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the Trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are funds which the donor has specified are to be used solely for particular areas of the charity’s work or for specific projects being undertaken by the charity. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Where services that would normally be purchased from the Company's suppliers are provided to the charity as a donation, this contribution is included in the financial statements at an estimated amount based on the value of the contribution to the charity.

Investment income is recognised when receivable and the amount can be measured reliably by the charity.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs which are attributable to a specific activity are charged directly to that activity. Costs which are shared between a number of specific activities are charged directly to those activities based on the amount of time or usage incurred in undertaking each of the specific activities.

TRING YOUTH PROJECT (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting Policies cont’d.

1.6 Allocation of support and governance costs

Support and governance costs are incurred to further the work of the charity but are not incurred directly for raising funds or carrying out charitable activities. These costs, which are analysed in the notes to the Financial Statements, are allocated between the cost of raising funds and expenditure on each charitable activity based on the weighted average amount of time undertaken by the charity as a whole on those categories of expenditure.

1.7 Taxation

No provision is made for Corporation Tax as the company, being a charity, is exempt.

1.8 Cash Flow

The accounts do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under the provision Financial Reporting Standard 102.

1.9 Tangible fixed assets and depreciation

Fixed assets are capitalised at cost, including irrecoverable VAT. Professional fees which are incurred to support leasehold improvements to land and buildings are capitalised at cost, including VAT. Individual fixed assets costing below £1,000 are not capitalised.

Depreciation, which is charged to the SOFA from the date at which the asset starts to be used, is provided at the following rates in order to write off assets over their useful lives:

Leasehold property and improvements – over remaining period of the lease

Furniture, Fittings & Equipment – 20% - 33% p.a.

1.10 Debtors

Trade debtors are stated in the Balance Sheet at the invoiced amount after recognising any provisions for doubtful debts which are judged on a case by case basis.

Accrued income is recognised where funds in respect of the financial period being reported have been received or invoiced after the Balance Sheet date. Prepayments are recognised where payments, in respect of future financial periods, have been made prior to the Balance Sheet date.

1.11 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.12 Creditors

Creditors and provisions are recognised at their invoiced amount including VAT. Accruals are based on agreed costs for services received prior to the Balance Sheet date but not invoiced before that date; where an expense has not been agreed an estimate of the final settlement amount is made.

Deferred income representing grants and donations received in advance of the financial period for which a donor has stated the funds should be expended is recognised at the settlement value received.

TRING YOUTH PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

2 Detailed comparatives for the statement of financial activities

Income from:
Donations
Covid-19 support grants
Charitable activities:
Provision of youth activities
Provision of community facilities
Other trading activities
Investment income
Total income
Expenditure on:
Raising funds
Charitable activities:
Provision of youth activities
Provision of community facilities
Provision of mental health support
Total expenditure
Net income / (expenditure) for the year &
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Donations
Unrestricted
Funds
£
Anonymous
250
Groundwork UK- Tesco Covid 19 Fund
-
Total Donations
250
4
Covid-19 Support grants
Unrestricted
Funds
£
Dacorum Borough Council
20,141
Total Covid-19 Support grants
20,141		 2021
Unrestricted
Funds
£
1,500
11,334
5,000
630
75
-
18,539
2,039
4,992
1,377
-
8,408
10,131
8,495
18,626
Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-		 2021
Restricted
Funds
£
-
-
-
-
-
-
-
2,725
2,954
1,840
-
7,519
(7,519)
106,884
99,365
2022
Total
£
250
-
250
2022
Total
£
20,141
20,141		 2021
Total
£
1,500
11,334
5,000
630
75
-
18,539
4,764
7,946
3,217
-
15,927
2,612
115,379
117,991
2021
Total
£
-
1,500
1,500
2021
Total
£
11,334
11,334

TRING YOUTH PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5
Income from Charitable Activities
Unrestricted
Funds
£
Provision of youth activities
Tring Town Council grant
5,000
Provision of community facilities
Hiring fees from community groups
420
Total Income from Charitable Activities
5,420
6
Income from other trading activities
Unrestricted
Funds
£
Youth activities tuck shop sales
388
Fees from non - community groups
2,437
Total other trading activities Income
2,825
7
Support Costs
Unrestricted
Funds
£
Depreciation
-
Insurance
778
Utilities
1,402
Caretaking
1,787
Refurbishment of Temperance Hall
10,548
Rent
704
Repairs & maintenance
45
Total Support Costs
15,264		 Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-
-
Restricted
Funds
£
7,519
17
31
40
235
16
1
7,859		 2022
Total
£
5,000
420
5,420
2022
Total
£
388
2,437
2,825
2022
Total
£
7,519
795
1,433
1,827
10,783
720
46
23,123		 2021
Total
£
5,000
630
5,630
2021
Total
£
-
75
75
2021
Total
£
7,519
815
1,411
1,085
-
720
1,595
13,145

Support costs are allocated between the charity's activities on the basis of time spent using the Temperance Hall by each of the activities.

Allocation of Support Costs
Raising funds
Charitable activities
Provision of youth activities
Provision of community facilities
Provision of mental health support
Total Support Costs		 Unrestricted
Funds
£
7,721
5,711
1,832
-
15,264		 Restricted
Funds
£
3,804
2,813
902
340
7,859		 2022
Total
£
11,525
8,524
2,734
340
23,123		 2021
Total
£
4,764
5,164
3,217
-
13,145

TRING YOUTH PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

8
Expenditure on Raising Funds
Unrestricted
Funds
£
Tuck shop purchases
29
Support costs
7,721
Total Expenditure on raising funds
7,750
9
Expenditure on Charitable Activities
Unrestricted
Funds
Provision of youth activities
£
Youth activities leadership &
training
2,203
Youth Club events, equipment &
consumables
2,011
Telephone, internet & computer
288
Licences
325
Support costs
5,711
10,538
Provision of community facilities
Support costs
1,832
Provision of mental health support
Facilitator fees
-
Support costs
-
-
Total Expenditure on Charitable
Activities
12,370
10 Net income / (expenditure) for the year
This is stated after charging:
Depreciation
Operating lease rentals - property		 Restricted
Funds
£
-
3,804
3,804
Restricted
Funds
£
-
-
-
-
2,813
2,813
902
310
340
650
4,365		 2022
Total
£
29
11,525
11,554
2022
Total
£
2,203
2,011
288
325
8,524
13,351
2,734
310
340
650
16,735
2022
£
7,519
720		 2021
Total
£
-
4,764
4,764
2021
Total
£
2,025
78
287
392
5,164
7,946
3,217
-
-
-
11,163
2021
£
7,519
720

11 Taxation

The charity is exempt from corporation tax on its charitable activities.

12 Trustees and Related Party transactions

The Trustees were not paid nor received any other benefits from employment with the charity in the year (2021: £nil) neither did any Trustee receive payment for professional or other services supplied to the charity (2021: £nil). Trustees are re-imbursed expenses which would otherwise have been paid by the charity; in total, such expenses amounted to £13,112 in the year (2021: £1,595).

TRING YOUTH PROJECT (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13
Operating lease commitments
Total future minimum lease payments under non-cancellable operating
leases
2022
2021
£
£
Commitments at 31 March 2022:
Property:
Under 1 year
720
720
1-5 years
2,880
2,880
Over 5 years
5,040
5,760
These commitments arise under a non-cancellable operating lease from Hertfordshire County
Council (HCC) with an annual rent of £7,200, which has been reduced by HCC by 90% under the
terms of a connected partnership agreement between HCC and the charity. Both the operating
lease and the partnership agreement expire in April 2034.
14 Tangible Fixed Assets
Leasehold
Property
Furniture,
Fittings &
Equipment
Total
£
£
£
COST
Balance brought forward
187,971
10,525
198,496
Additions
-
-
-
Disposals
-
-
-
Balance carried forward
187,971
10,525
198,496
DEPRECIATION
Balance brought forward
90,226
10,525
100,751
Charge for the year
7,519
-
7,519
On disposals
Balance carried forward
97,745
10,525
108,270
Net Book Value at 31 March 2022
90,226
-
90,226
Net Book Value at 31 March 2021
97,745
-
97,745
15 Debtors
2022
2021
£
£
Hiring fees receivable
120
180

120
180
16
Creditors: Amounts falling due within one year
2022
2021
£
£
Accrued expenses
783
-
Hiring fees received in advance
80
-
863
-		 13
Operating lease commitments
Total future minimum lease payments under non-cancellable operating
leases
2022
2021
£
£
Commitments at 31 March 2022:
Property:
Under 1 year
720
720
1-5 years
2,880
2,880
Over 5 years
5,040
5,760
These commitments arise under a non-cancellable operating lease from Hertfordshire County
Council (HCC) with an annual rent of £7,200, which has been reduced by HCC by 90% under the
terms of a connected partnership agreement between HCC and the charity. Both the operating
lease and the partnership agreement expire in April 2034.
14 Tangible Fixed Assets
Leasehold
Property
Furniture,
Fittings &
Equipment
Total
£
£
£
COST
Balance brought forward
187,971
10,525
198,496
Additions
-
-
-
Disposals
-
-
-
Balance carried forward
187,971
10,525
198,496
DEPRECIATION
Balance brought forward
90,226
10,525
100,751
Charge for the year
7,519
-
7,519
On disposals
Balance carried forward
97,745
10,525
108,270
Net Book Value at 31 March 2022
90,226
-
90,226
Net Book Value at 31 March 2021
97,745
-
97,745
15 Debtors
2022
2021
£
£
Hiring fees receivable
120
180

120
180
16
Creditors: Amounts falling due within one year
2022
2021
£
£
Accrued expenses
783
-
Hiring fees received in advance
80
-
863
-		 13
Operating lease commitments
Total future minimum lease payments under non-cancellable operating
leases
2022
2021
£
£
Commitments at 31 March 2022:
Property:
Under 1 year
720
720
1-5 years
2,880
2,880
Over 5 years
5,040
5,760
These commitments arise under a non-cancellable operating lease from Hertfordshire County
Council (HCC) with an annual rent of £7,200, which has been reduced by HCC by 90% under the
terms of a connected partnership agreement between HCC and the charity. Both the operating
lease and the partnership agreement expire in April 2034.
14 Tangible Fixed Assets
Leasehold
Property
Furniture,
Fittings &
Equipment
Total
£
£
£
COST
Balance brought forward
187,971
10,525
198,496
Additions
-
-
-
Disposals
-
-
-
Balance carried forward
187,971
10,525
198,496
DEPRECIATION
Balance brought forward
90,226
10,525
100,751
Charge for the year
7,519
-
7,519
On disposals
Balance carried forward
97,745
10,525
108,270
Net Book Value at 31 March 2022
90,226
-
90,226
Net Book Value at 31 March 2021
97,745
-
97,745
15 Debtors
2022
2021
£
£
Hiring fees receivable
120
180

120
180
16
Creditors: Amounts falling due within one year
2022
2021
£
£
Accrued expenses
783
-
Hiring fees received in advance
80
-
863
-		 13
Operating lease commitments
Total future minimum lease payments under non-cancellable operating
leases
2022
2021
£
£
Commitments at 31 March 2022:
Property:
Under 1 year
720
720
1-5 years
2,880
2,880
Over 5 years
5,040
5,760
These commitments arise under a non-cancellable operating lease from Hertfordshire County
Council (HCC) with an annual rent of £7,200, which has been reduced by HCC by 90% under the
terms of a connected partnership agreement between HCC and the charity. Both the operating
lease and the partnership agreement expire in April 2034.
14 Tangible Fixed Assets
Leasehold
Property
Furniture,
Fittings &
Equipment
Total
£
£
£
COST
Balance brought forward
187,971
10,525
198,496
Additions
-
-
-
Disposals
-
-
-
Balance carried forward
187,971
10,525
198,496
DEPRECIATION
Balance brought forward
90,226
10,525
100,751
Charge for the year
7,519
-
7,519
On disposals
Balance carried forward
97,745
10,525
108,270
Net Book Value at 31 March 2022
90,226
-
90,226
Net Book Value at 31 March 2021
97,745
-
97,745
15 Debtors
2022
2021
£
£
Hiring fees receivable
120
180

120
180
16
Creditors: Amounts falling due within one year
2022
2021
£
£
Accrued expenses
783
-
Hiring fees received in advance
80
-
863
-		 13
Operating lease commitments
Total future minimum lease payments under non-cancellable operating
leases
2022
2021
£
£
Commitments at 31 March 2022:
Property:
Under 1 year
720
720
1-5 years
2,880
2,880
Over 5 years
5,040
5,760
These commitments arise under a non-cancellable operating lease from Hertfordshire County
Council (HCC) with an annual rent of £7,200, which has been reduced by HCC by 90% under the
terms of a connected partnership agreement between HCC and the charity. Both the operating
lease and the partnership agreement expire in April 2034.
14 Tangible Fixed Assets
Leasehold
Property
Furniture,
Fittings &
Equipment
Total
£
£
£
COST
Balance brought forward
187,971
10,525
198,496
Additions
-
-
-
Disposals
-
-
-
Balance carried forward
187,971
10,525
198,496
DEPRECIATION
Balance brought forward
90,226
10,525
100,751
Charge for the year
7,519
-
7,519
On disposals
Balance carried forward
97,745
10,525
108,270
Net Book Value at 31 March 2022
90,226
-
90,226
Net Book Value at 31 March 2021
97,745
-
97,745
15 Debtors
2022
2021
£
£
Hiring fees receivable
120
180

120
180
16
Creditors: Amounts falling due within one year
2022
2021
£
£
Accrued expenses
783
-
Hiring fees received in advance
80
-
863
-		 2021
£
720
2,880
5,760
198,496
100,751
7,519
108,270
90,226
97,745		 -
-
2022
£
120
120
2022
£
783
80
863		 90,226
97,745
2021
£
180
180
2021
£
-
-
-

TRING YOUTH PROJECT

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

17
Funds
Unrestricted Funds
General Funds
Restricted Funds
Community Assets Fund
Mental Health Support Fund
Total Restricted Funds
Total Funds		 2022
£
27,142
90,226
970
91,196
118,338		 2021
£
18,626
97,745
1,620
99,365
117,991

Community Assets Fund During the two years ended 31 March 2010 the company received payments of a grant totalling £198,722 from the Community Assets Fund. In accordance with the terms of the grant, this has been used entirely to refurbish the Temperance Hall, Tring. No further funds will be received. The fund will be expended by the depreciation charges on the assets acquired to refurbish the Hall over the 25 year term of the lease with Hertfordshire County Council.

Mental Health Support Fund In April 2019 Hertfordshire Communities Foundation granted £5,000 to provide restorative relaxation sessions to young people experiencing mental health issues. Completion of the project has been delayed by the Covid 19 pandemic. The balance of £970 should be used in the next financial year.

18 Summary Of Fund Movements

Brought
Forward
£
Unrestricted Funds
General Funds
18,626
Total Unrestricted Funds
18,626
Restricted Funds
Community Assets Fund
97,745
Mental Health Support Fund
1,620
Total Restricted Funds
99,365
Total Funds
117,991
19
Analysis Of Net Assets Between Funds
Unrestricted
Funds
£
Tangible fixed assets
-
Stock
270
Debtors
120
Cash at bank and in hand
27,305
Creditors due within one year
(553)
27,142		 Incoming
Resources
£
28,636
28,636
-
-
-
28,636
Restricted
Funds
£
90,226
-
-
1,280
(310)
91,196		 Resources
Expended
£
(20,120)
(20,120)
(7,519)
(650)
(8,169)
(28,289)
2022
Total
£
90,226
270
120
28,585
(863)
118,338		 Carried
Forward
£
27,142
27,142
90,226
970
91,196
118,338
2021
Total
£
97,745
-
180
20,066
-
117,991