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2020-12-31-accounts

Registered number: 06844711 Charlty number: 1128752

HOLT YOUTH PROJECT LTD Sere (A Company Limited by Guarantée) <3

UNAUDITED

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

CONTENTS

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|||||||||| |---|---|---|---|---|---|---|---|---| |Page||| |Reference|and|Administrative|Detalls|of the Company,|Its|Trustees|and Advisers|1| |Trustees’|Report|2-4| |Independent|Examiner's|Report|5| |Statement|of|Financial|Activities|6| |Balance|Sheet|7-8| |Notes|to the|Financial|Statements|9-20|

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REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees Nigel Clark Flower, Trustee (appointed 1 January2015) Nigel Clark Flower, Trustee (appointed 1 January2015)
Colin Scoles, Trustee (appointed 3April 2018)
Thomas Charles Hume, Trustee (appointed 16June 2020)
JeffWood, Trustee (appointed 3 March 2020)
Stuart Ross, Trustee (appointed 9 October2013)
. Susan Roberts, Trustee (appolnted 3April 2018)
Kevin Abbs, Chair (appointed 1 August 2018)
RodneySmith, Trustee (appointed 3 March 2020)
Roger Unite, Treasurer (appointed 20 April 2021)
Company reglstered
number 06844711
Charity reglstered
number 4128752
Registered office Old StationWay
Off Hempstead Road
Holt
Norfolk
NR25 6DH
Accountants MA Partners LLP
Chartered Accountants
7 The Close
Norwich
Norfolk
NRi4DJ

Page 1

Ce I SSSHOLTVOUTH PROJEGTLTD 0 oe

e e ie ee TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their annual report together with the financial statements of the Holt Youth Project Limited for the year 1 January 2020 to 31 December 2020. The Annual Report serves the purposes of both a Trustees’ report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifles as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companles Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 has been omitted.

Objectives and actlvitles

a. Policles and objectives

Holt Youth Project Limited’s objective is to provide a safe environment where the young people of Holt and the surrounding villages can meet, socialise and advance thelr personal skiils under the watchful and kindly eye of a team of committed adults. A degree of education Is provided within a warm atmosphere where behaviours, responsibility and self-esteem are all enhanced. We are providing an ever-wandering range of activities over and an ever-increasing time span. Other “young people” organisations use the facllities with the result that now a full program continues at weekends and during half terms and school holidays.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

b. Volunteers

The volunteers support the full time trained staff in the charities activities and are supervised by those staff at all times.

Achievements and performance

.

a. Review of activitles

On behalf of the trustees | would like to acknowledge the hard work, resilience and commitment of the management, staff and volunteers without whom the project would not survive. As the world acknowledges, 2020 has been one of the most challenging periods since the second World War. Covid has presented many challenges, but | am so pleased to report we remained open throughout. The team adapted to this challenge presenting many online workshops, from cooking healthy meals to fun presentations. Our youth leaders continued to serve their students via one-to-one mentoring, wherever possible.

Sadly, but not unexpected, the numbers requiring help have grown by large degrees. Our ‘young carers’ doubling to over 60 In just 12 months; as one example. We had to suspend our summer group activities, moving plans forward by 12 months but, totally within agreement of our major funder — The National Lottery.

Alt in all, 2020 has proven a challenging but successful year for Holt Youth Project. We look forward to moving forward In a positive and progressive manner with our priority remaining to serve the young people of North Norfolk.

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a ec (a ompany Limited by Guarantes) a a TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Sr

Financial review

a. Golng concern

At the year end, the balance sheet shows net assets of £409,694 and had cash reserves of £210,806. After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue In operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis In preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the reserves policy and the accounting policies.

b. Reserves policy

The total funds of the charity at 31 December 2020 were £409,693 (2019: £351,680) of which £41,959 (2019: £19,055) were restricted and not avaliable for the general purpose of the charity. The unrestricted funds of the charity totalled £367,733 (2019: £332,625) of which £214,191 (2019: £Nil) are designated funds. Designated funds are funds that the Trustees have earmarked for specific purposes. As at 31 December 2020, the designated amount relates to the tangible fixed assets of the charity and reflects the fact that these funds could not be reallsed without disposing of the assets.

The trustees have determined that the charity should prudently maintain free reserves of at least 6 months’ operating costs. The free reserve balance of £153,542 Is considered satisfactory in this regard.

c. Distribution of Income and assets

The income and property of the company shall be applied solely towards the promotion of Its objects as set forth In the Memorandum and Arilcles of Association. None of the income and property of the company may be distributed to its members by way of dividend, bonus or other form of profit.

Structure, governance and management

a. Constitution

Holt Youth Project Ltd is registered as a charitable company limited by guarantee and was set up by a Trust deed.

b. Methods of appointment or election of Trustees

The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. Financial risk management

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

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She oA Company Limited byGuarantee) a ae I TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 eeenna ea

Members’ Ilablllty

The company is a registered charity and is limited by guarantee of Its members, who have guaranteed a sum not exceeding £10 per member. There are 9 members.

Statement of Trustees’ responsibllities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable Jaw and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practica).

Company law requires the Trustees to prepare financial statements for each financial year, Under company law, the Trustees must not approve the financlal statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its Incoming resources and application of resources, including its Income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

.

The Trustees are responsible for keeping adequate accounting records that are sufficlent to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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Approved by order of the members of the board of Trustees on 24 September 2021 and signed on their behalf
. {lle
Kevin Abbs Roger Unite
Chair Treasurer
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7

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Independent Examiner's Report to the Trustees of Holt Youth Project Ltd (‘the Company’)

| report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2020.

Responsibilities and Basis of Report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts In accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfled 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, | report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement | have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts 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 with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report Is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that | might state to the Company's Trustees those matters | am required to state to them in an Independent Examiner’s Report and for no other purpose. To the fullest extent permitted by law, | do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report. : — Signed: ~ lan Barber / 2 feb FCADated: 424% SESTEUGEGH. Aaa

MA Partners LLP

Chartered Accountants

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HOLTYOUTH PROJECT LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

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|||||||| |---|---|---|---|---|---|---| |Restricted|Unrestricted|Total|Total| |funds|funds|funds|funds| |2020|2020|2020|2019| |Note|£|£|£|£| |Income from:| |Charitable|activities|3|14,000|36,262|50,262|50,279| |Other trading|activities|4|.|3,188|3,188|4,575| |Investments|5|.|196|196|471| |Other income|6|.|2,200|2,200|10,032| |Total|Income|157,327|87,698|245,025|176,940| |Expenditure|on:| |Total expenditure|133,723|53,287|187,010|158,085| |Net|Income|23,604|34,411|58,015|18,855| |Transfers|between funds|16|(700)|700|-|-| |Net|movement|in funds|er22,904|35,111|58,015|18,855| |Reconcillatlon|of funds:| |Total funds carried forward|;|41,9589|367,736|409,694F|951,679F|

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The Statement of Financial Activities Includes all gains and losses recognised in the year.

The notes on pages 9 to 20 form part of these financial statements.

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oo (CompanyLimited byGuarantes) REGISTEREDNUMBER! 06844714,

a

BALANCE SHEET AS AT 31 DECEMBER 2020

ee

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|||||||| |---|---|---|---|---|---|---| |2020|2019| |Note|£|£| |Fixed|assets| |Tangible|assets|12|214,191|221,466| |214,191|-|221,466| |Current|assets| |Debtors|13|11,833|13,373| |Cash|at|bank and|in|hand|210,806|140,676| |222,639|184,049| |Creditors:|amounts|falling|due|within|one| |year|14|(27,136)|(23,836)| |Net current|assots|195,503|130,213| |Total|assets|less|current|llabllities|409,694|351,879| |Net assets excluding|pension|asset|409,694|351,679| |Total|net assets|409,694|351,679| |Charity|funds| |Restricted|funds|16|41,958|19,054| |Unrestricted|funds|16|367,736|332,625| |Total funds|409,694|361,679|

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Ope PEac (Company Limited byGuarantee)

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BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2020

The Company was entitled to exemption from audit under sectlon 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question In accordance with section 476 of Companies Act 2008.

The Trustees acknowledge thelr responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financlal statements.

The financial statements have been prepared !n accordance with the provisions applicable to entitles subject to the smal! companies regime.

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The financial statements were approved and authorised for Issue by the Trustees on 21 September 2021 and
signed on their behalf by: Mg
Kevin Abbs Roger Unite
Chair Treasurer
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The notes on pages 9 to 20 form part of these financial statements.

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a Ce ES(Company Limited by Guarantea) ya NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 re

  1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charitles SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Holt Youth Project Ltd 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.

All income is recognised once the Company has entitlement to the income, It is probable that the income will be recelved and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a recelvable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balanca Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included In creditors as deferred income. Where entitlement occurs before Income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the Investment Income Is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

1.3 Expenditure

Expenditure Is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure Is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved In undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one actlvity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of tIme spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on charitable activities is Incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured ratiably by the Company; this is normally upon notification of the Interest paid or payable by the institution with whom the funds are deposited.

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ce HOLT MOUTH PROJECTLTD: 9 Be a (A Company'Limited by:Guarantes)) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies (continued)

1.5 Tanglble fixed assets and depreciation

Tangible fixed assets costing £1000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs Incurred to bring a tangible fixed asset into its intended working condition shoutd be included in the measurement of cost.

Depreciation Is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated usefut lives, using the straighttine method.

Depreciation Is provided on the following basis:

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||||| |---|---|---|---| |Freehold|property|-|2%| |Office|equipment|-|20%| |Computer equipment|-|33%| |Other fixed|assets|-|25%|

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1.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.7 Cash at bank and in hand

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

1.8 Liabllittes and provisions

Llabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

1.9 Financial Instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are Initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.10 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

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Cg ape 2 | HOLE YOUTHBROSEGELTDoo fe cg

er NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

ey

1. Accounting policies (continued)

1.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes,

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund Is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions Imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The alm and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2. Income from donatlons and legacies

Restricted Unrestricted Total
funds funds funds
2020 2020 2020
£ £ £
Donations 5,736 34,352 40,088
Grants 137,591 11,500 149,091
143,327 45,852 189,179

3. Income from charitable activities

Restricted Unrestricted Total
funds funds funds
2020 2020 2020
£ £ £
Generalfunds - 944 944
ACT - 34,368 34,368
PCP - 220 220
Young Carers 14,000 - 14,000
Men'sGroup - 730 730
14,000 36,262 50,262

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RN
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at HOLT-YOUTHPROJECTLTD 8

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

3. Income from charltable activities (continued)

4. Income from other trading activities

Income from fundraising events

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||||| |---|---|---|---| |Unrestricted|Total| |funds|funds| |2020|2020| |£|£| |Car|park|1,535|1,535| |Hire|of facilities|1,653|1,653| |3,188|3,188| |5.|Investment|income|

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Investment income

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||| |---|---| |Unrestricted|Total| |funds|funds| |2020|2020| |£|£| |196|196|

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  1. Other Incoming resources

Other incoming resources

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||| |---|---| |Unrestricted|Total| |funds|funds| |2020|2020| |£|£| |2,200|2,200|

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rt

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

ns

7. Analysis of expenditure on charitable activities

Summary by fund type

Restricted
funds		 Unrestricted
funds		 Total
funds
2020 2020 2020
£ £ £
ACT 10,104 46,427 56,531
PCP 94,910 6,130 101,040
Young Carers 21,709 - 21,709
Men'sGroup Group 7,000 730 7,730
133,723 53,287 187,010
oe ——S——S——————— oS

Summary by expenditure type

Total
Staffcosts Depreciation Othercosts funds
; 2020 2020 2020 2020
£ £ £ £
ACT 43,601 2,550 10,380 56,531
PCP 77,527 4,702 18,811 101,040
YoungCarers 16,126 1,175 4,408 21,709
Men'sGroup 6,849 - 881 7,730
144,103 8,427 34,480 187,010

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oT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

8. Analysis of expenditure by activitles

Activities
undertaken
directly
2020		 Support
costs
2020		 Total
funds
2020
£ £ £
ACT 41,472 15,059 56,531
PCP 75,216 25,824 101,040
Young Carers 15,177 6,532 21,709
Men's Group 7,431 299 7,730
139,296 47,714 187,010
Analysis of direct costs
ACT
2020		 PCP
2020		 Young
Carers
2020		 Men's
Group
2020		 Total
funds
2020
£ £ £ £ £
Staffcosts 35,654 63,172 12,462 6,550 117,838
ACTexpenses 1,873 - - - 1,873
Accountancy, legal &
professional 177 2,000 ~ - 2,177
Hotel, travel &subsistence - - 153 - 153
PCPexpenses ~ 3,554 1,308 - 4,862
Men'sgroupexpenses - - - 836 836
Minibus rental 2,012 3,219 805 - 6,036
Telephone and broadband 274 514 35 - 823
Motorexpenses 934 1,248 225 45 2,452
Printing, postage& stationery 461 922 - - 1,383
Young Carers expenses - 4{2 189 - 601
Sundry 87 175 - ~ 262
41,472 76,216 15,177 7,431 139,296
Sa——SEES ES eee CL

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ns

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

rs

8, Analysis of expenditure by activities (continued)

Analysis of support costs

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||||||||| |---|---|---|---|---|---|---|---| |Young|Men's|Total| |ACT|PCP|Carers|Group|funds| |2020|*|2020|2020|2020|2020| |£|£|£|£|£| |Staff costs|7,947|14,355|3,664|299|26,265| |Depreciation|2,550|4,702|1,175|-|8,427| |Accountancy,|legal &| |professlonal|769|1,419|365|-|2,543| |Insurance|757|1,396|349|-|2,502| |Office & computer costs|1,124|425|106|-|1,655| |Advertising|&|promotional|6|11|3|-|20| |Repairs & maintenance|728|1,339|335|-|2,400| |Rates|255|471|118|-|844| |Light and|heat|925|1,706|427|-|3,058| |15,059|25,824|6,532|299|47,714|

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9. Independent examiner's remuneration

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||||||||| |---|---|---|---|---|---|---|---| |2020|2019| |£|£| |Fees|payable|to|the Company's|independent|examiner|for the|independent| |examination|of the Company's annual|accounts|1,560|1,250|

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10. Staff costs

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|||||||| |---|---|---|---|---|---|---| |2020|2019| |£|£| |Wages and|salaries|141,516|104,093| |Contribution|to defined|contribution|pension|schemes|2,587|4,714| |144,103|105,807|

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we (A

Company Limited byGuarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

10. Staff costs (continued)

The average number of persons employed by the Company during the year was as follows:

Staff

2020 2019
No. No.
9 11

No employee received remuneration amounting to more than £60,000 In elther year.

11. Trustees" remuneration and expenses

During the year, no Trustees recelved any remuneration or other benefits (2019 - £NIL).

During the year ended 31 December 2020, no Trustee expenses have been Incurred (2019 - ENIL).

12. Tangible fixed assets

Freehold
property		 Office
equipment		 Computer
equipment		 Otherfixed
assets		 Total
£ £ £ £ £
Cost or valuation
At 1 January2020 256,942 825 11,383 718 269,868
Additions - “ 1,152 - 1,152
At 31 December2020 256,942 825 12,535 718 271,020
Depreciation
At 1 January2020 44,830 577 2,277 718 48,402
Charge forthe year 4,474 - 3,953 - 8,427
At 31 December2020 49,304 577 6,230 718 56,829
Net book value
At31December2020 207,638 248 6,305 - 214,191

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veda bo es HOLT YOUTH PROJECTETD 5.505 08

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

a

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||||| |---|---|---|---| |13.|Debtors| |2020|2019| |£|£| |Due within|one year| |Trade|debtors|7,725|11,144| |Other|debtors|400|.| |Prepayments and accrued income|3,708|2,229| |11,833|13,373|

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14. Creditors: Amounts falling due within one year

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||||||| |---|---|---|---|---|---| |2020|2019| |£|£| |Trade creditors|265|631| |Other taxation|and|social|security|2,394|6,926| |Pension|contributions|payable|59|588| |Accruals and|deferred|income|24,418|15,691| |27,136|23,836|

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||||||||| |---|---|---|---|---|---|---|---| |15,|Financlal|instruments| |2020|2019| |£|£| |Financial|assets| |Financial|assets|measured|at fair value through|income and|expenditure|210,806|140,676|

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Financial assets measured at fair value through income and expenditure are comprised of cash and cash equivalents.

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SE SS

(Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

16. Statement of funds

Statement of funds - current year

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|||||||||| |---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|1|31| |January|Transfers|December| |2020|Income|Expenditure|in/out|2020| |£|£|£|£|£| |Unrestricted|funds| |Designated funds| |Designated|Funds-|all|funds|-|-|-|214,191|214,191| |General|funds| |General|Funds-|all funds|332,625|87,698|(53,287)|(213,491)|153,545| |Total|Unrestricted|funds|332,625|87,698|(53,287)|700|367,736| |Restricted|funds| |Restricted|Funds-|all funds|19,054|157,327|(133,723)|(700)|41,958| |Total of funds|351,679|245,025|(187,010)|-|409,694| |Statement of funds-|prior year| |Balance|at| |Balance|ai|31| |7|January|December| |2019|Income|Expenditure|2019| |£|£|£|£| |Unrestricted|funds| |Genera!|Funds-|all funds|332,825|123,915|(124,115)|332,625| |Restricted|funds| |Restricted|Funds-|all funds|-|53,024|(33,970)|19,054| |Total|of funds|332,825|53,024|(158,085)|351,679|

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

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17. Summary of funds

Summary of funds - current year

Balance at Balance at
Balance at 1
January
2020
£		 Income
£		 Expenditure
£		 Transfers
Infout
£		 31
December
2020
£
Designatedfunds
Generalfunds		 -
332,625		 -
87,698		 -
(53,287)		 214,191
(213,491)		 214,191
153,545
Restrictedfunds 19,054 157,327 (133,723) (700) 41,958
351,679 245,025 (187,010) - 409,694
Summaryoffunds - prioryear
Balance at
Balance at 31
1 January
2019		 Income Expenditure December
2019
£ £ £ £
Generalfunds
Restrictedfunds		 332,825
-		 123,915
53,024		 (124,115)
(33,970)		 332,625
19,054
332,825 176,939 (158,085) 351,679
= ooo Soe ——————_—
Analysis of netassetsbetweenfunds
Analysis of netassetsbetweenfunds -currentperiod
Restricted
funds		 Unrestricted
funds		 Total
funds
2020 2020 2020
£ £ £
Tangiblefixedassets
Current assets
Creditors duewithinoneyear		 -
64,416
(22,458)		 214,191
158,223
(4,678)		 214,191
222,639
(27,136)
Total 41,958 367,736 409,694
  1. Analysis of net assets between funds

, I Page 19

cE es HOLT YOUTH PROJECT LTD. oe (A Company Limited by Guarantee) © 8

a

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

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18. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior perlod

Restricted Unrestricted Total
funds funds funds
2019 2019 2019
£ £ £
Tangible fixed assets - 221,466 221,466
Currentassets 33,465 120,584 154,049
Creditorsduewithinoneyear (14,411) (9,425) (23,836)
Total 19,054 332,625 351,679

19. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an Independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,587 (2019 - £1,714). Contributions totalling £59 were payable to the fund at the balance sheet date and are included in creditors.

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