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2021-12-31-accounts

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Registered number: 06844711 Charity number: 1128752

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

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UNAUDITED

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TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

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CONTENTS

Page
Reference and Administrative Detalls oftheCompany, Its Trustees and Advisers 4
Trustees’ Report 2-5
Independent Examiner's Report 6
Statement of Financial Activitles 7
Balance Sheet 8-9
NotestotheFlnanclalStatements 10-25

HOLT YOUTH PROJECT ‘(ACompany Limited by Guarantee) _.

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REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees Nigel Flower, Trustee Colin Scoles, Trustea Thomas Hume, Trustee Jeff Wood, Trustee Stuart Ross, Trustee Susan Roberts, Trustee Kevin Abbs, Chair Rodney Smith, Trustee Roger Unite, Treasurer

Company registered number 06844711 Charlty registered number 1128752 Registered office Old Station Way Off Hempstead Road Holt Norfolk NR25 6DH

Accountants MA Partners LLP 7 The Close Norwich Norfolk NR1 4DJ

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HOLT YOUTH PROJECT {A Company LIimlted by Guarantee)

mae TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their annual report together with the financial statements of the Company for the year 1 January 2021 to 31 December 2021. 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 Reportlng Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

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

Objectives and activities

a. Policies 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, sociallse and advance thelr personal skills 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 expanding range of activities over an ever increasing time span. Other “young people” organisations use the facilities with the result that nowa 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 permanent tralned staff in the charity's activities and are supervised by those staff at all times.

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HOLT YOUTH PROJECT .. {ACompany LImlted by Guarantee)

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Achlevements and performance

a. Review of activitles

2021 proved a year with many continued covid challenges and one that thankfully also produced some fantastic outcomes for our young people.

Numbers continued to increase with our junior and senior youth clubs attracting up to a hundred an evening, and participation rose as well in all our associated groups, Young Carers, ACT and Men’s Group.

HYP continues to monitor and ‘meet the need’ to ensure we progress through these times, adding new elements to our Men’s Group and further developing the staffing and support for Young Carers. It was pleasing to be able once more to offer our hollday programmes in 2021, which again afforded many young people many hours’ enjoyment.

In co-partnership with Norfolk Rotary Clubs and the National Trust we provided a respite weekend for some of our young carers in Brancaster; such was the success that the partnership will continue in 2022 offering 64 young carers a break!

2022 is the final year of our current support from the Natlonal Lottery. However, we continue to adapt and we hope they will agree to fund new aspects of our work in the future. Nevertheless, through prudent financial acumen, we currently remain In a strong position with free reserves sufficient to maintain dellvery of our work for a minimum of 9 months should the need dictate.

We are thrilled to be the chosen charity for the Norfolk Superhero quadrathlon event in 2022, with an agreed a plan to develop further some of our services with the designated funds.

So to conclude, we are positive we remain in a strong position with an excellent team of staff, volunteers and trustees around us, offering a professional, caring and supportive service to our community.

Financlal review

a. Going concern

At the year end, the balance sheet shows net assets of £502,105 (2020 - £409,693) and had cash reserves of £301,476 (2020 - £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 deiails regarding the adoption of the going concern basis can be found in the reserves policy and the accounting policies.

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HOLT YOUTH PROJECT

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

b. Reserves policy

The total funds of the charity at 31 December 2021 were £502,105 (2020 - £409,693) of which £61,062 (2020 - £41,959) were restricted and not available for the general purpose of the charity. The unrestricted funds of the charity totalled £441,043 (2020 - £367,735) of which £218,506 (2020 - £214,191) are designated funds. Designated funds are funds that the Trustees have earmarked for specific purposes. As at 31 December 2021, the designated amount relates to the tangible fixed assets of the charity and reflects the fact that these funds could not be realised without disposing of the assets.

The trustees have determined that the charity should prudently maintain free reserves of at least 9 months’ operating costs. The free reserve balance of £222,537 is considered satisfactory in this regard.

c. Distributlon 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 Articles 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 is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

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 Memorandum of Association.

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. :

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.

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

EEE TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Statement of Trustees’ responsibilities

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 law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial 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 sufficient 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.

Approved by order of the members of the board of Trustees and signed on their behalf by:

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Kevin Ab Roger Unite nie/
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HOLT YOUTH PROJECT
(A Company Limited by Guarantee)
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INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
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Independent Examiner's Report to the Trustees of Holt Youth Project (‘the Company’)

| report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2021.

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 satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | 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. ,

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some Takab~ Dated: 23/> [as 2°.
Mr lan Barber FCA
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MA Partners LLP

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

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STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021

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Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
Note £ £ £ £
Income from:
Donations and legacies 3 159,935 82,542 242,477 189,179
Charitable activities 4 13,761 60,462 74,223 50,262
Othertrading activities 5 . 8,507 8,507 3,188
Investments 6 “ 157 157 196
Other income 7 - 2,446 2,446 2,200
Total Income 173,696 154,114 327,810 245,025
Expenditure on:
Charitable activities 8 154,592 76,189 230,781 187,017
Other expenditure 9 - 4,617 4,617 -
Total expenditure 154,592 80,806 235,398 187,041
Net movement in funds 19,104 73,308 92,412 58,014
Reconclllatlon offunds:
Total funds brought forward 41,958 367,735 409,693 351,679
Netmovement in funds 19,104 73,308 92,412 68,014
Totalfundscarriedforward 61,062 441,043 502,105 409,693

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

The notes on pages 10 to 25 form part of these financial statements.

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HOLT YOUTH PROJECT (A Company Limlted by Guarantee) REGISTERED NUMBER: 06844711

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BALANCE SHEET
AS AT 31 DECEMBER 2021
2021 2020
Note £ £
Flxed assets
Tangible assets 14 218,586 214,189
218,586 214,189
Current assets
Debtors 15 6,613 11,834
Cash at bank and in hand 301,476 210,806
308,089 222,640
Creditors: amounts falling due within one
year 16 (24,570) (27,136)
Net current assets 283,519 195,504
Total assets less current liabilities 502,105 409,693
Net assets excluding pension asset 502,105 409,693
Total net assets 502,105 409,693
Charlty funds
Restricted funds 18 61,062 41,958
Unrestricted funds
Designated funds 18 218,506 214,191
General funds 18 222,537 153,544
Total unrestricted funds 18 441,043 367,735
Total funds 502,105 409,693
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The Company was entitled to exemption from audit under section 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 2006.

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

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

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HOLT YOUTH PROJECT

(A Company Limited by Guarantee) REGISTERED NUMBER: 06844711

BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2021

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

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Kevin Abbs_ = Roger Unite | |
Dates §=AALre Pucus } AvA; a)
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The notes on pages 10 to 25 form part of these financial statements.

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. General Information

The charity is a company limited by guarantee. It is both Incorporated and domiciled in England and Wales. The address of Its registered office is Old Station Way Off Hempstead Road, Holt, Norfolk, NR25 6DH.

The charity's principle activity is that of support for the local community.

2. Accounting policies

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Holt Youth Project 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 received and the amount of income receivable can be measured reliably.

Grants are included In the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period Is shown in the relevant funds on the Balance 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 |s accrued.

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

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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.

2.3 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 activity 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.

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

ae) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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2. Accounting pollcies (continued)
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2.3 Expenditure (continued)

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.

2.4 Interest recelvable

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

2.5 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, tanglble 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 should 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 useful lives, using the straight-line method.

Depreciation is provided on the following bases:

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Freehold property - 2%
Equipment & fittings - 20%
Computer & website - 33% & 25%
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2.6 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.

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.

2.8 Liabilltles and provisions

Liabilities 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.

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HOLT YOUTH PROJECT {A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2. Accounting pollcies (continued)

2.9 Financial Instruments

The Company only has financial assets and financial liabilities of a kind that quallfy 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.

2.10 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 statemenis.

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 aim 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.

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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  1. Income from donatlons and legacies
Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
£ £ £ £
Donations 9,250 60,318 69,568 40,088
Grants 150,685 22,224 172,909 149,091
159,935 82,542 242,477 189,179
Total2020 143,327 45,852 189,179

4. income from charitable actlvities

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
£ £ £ £
General funds - 4,835 4,835 944
ACT - 55,627 55,627 34,368
PCP, Young carers &Men's group 13,761 - 13,761 14,950
13,761 60,462 74,223 50,262
Total2020 14,000 36,262 50,262

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

SSS fu ch NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

5. Income from other trading activitles

income from fundralsing events

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Unrestricted Tota! Total
funds funds funds
2021 2021 2020
£ £ £
Car park 1,920 1,920 7,535
Hire offacilities 1,845 1,845 1,653
Events 4,742 4,742 -
8,507 8,507 3,788
6. Investment income
Unrestricted Total Total
funds funds funds
2021 2021 2020
. £ £ £
Investment income 157 157 196
7. Other incoming resources
Unrestricted Total Total
, funds funds funds
. 2021 2021 2020
£ £ £
Other incoming resources . 2,446 2,446 2,200

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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8. Analysis of expenditure on charitable activities

Summary by fund type

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
£ £ £ £
ACT 8,746 60,891 69,637 56,533
PCP, Young carers & Men's group 140,846 15,298 156,144 130,479
Other 5,000 - 5,000 -
154,592 76,189 230,781 187,012
Total2020 2020 150,215 36,797 187,012

Summary by expenditure type

Total Total
Staffcosts Depreciation Othercosts funds funds
2021 2021 2021 2021 2020
£ £ £ £ £
ACT 52,757 3,782 13,098 69,637 56,533
PCP,
group		 Young carers & Men's 104,335 6,824 44,985 156,144 ,
130,479
Other - - 5,000 5,000 -
157,092 10,606 63,083 230,781 187,012
Total2020 2020 144,102 8,427 34,483 187,012

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

9. Other expenditure

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Fundraising events 4,617 4,617 ~

10. Analysis of expenditure by activities

Activities
undertaken
directly		 Support
costs		 Total
funds		 Total
funds
2021 2021 2021 2020
£ £ £ £
ACT 51,827 17,810 69,637 56,533
PCP, Young carers & Men's group 117,378 38,766 156,144 130,479
Other 5,000 - 5,000 -
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174,205 56,576 230,781 187,012
Total2020 139,296 47,716 187,012

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HOLT YOUTH PROJECT (A Company LImlted by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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10. Analysis of expenditure by activitles (continued)

Analysis of direct costs

PCP,YC & Total Total
ACT
2021		 MG
2021		 Other
2021		 funds
2021		 funds
2020
£ £ £ £ £
Staffcosts 43,212 85,459 - 128,671 117,837
ACTexpenses 4,286 - - 4,286 4,873
PCPexpenses - 17,994 - 17,994 4,863
Young carers expenses - 3,555 - 3,555 © 601
Men's groupexpenses - 1,086 - 1,086 836
Minibus rental 2,060 4,121 - 6,181 6,036
Motorexpenses 1,385 1,947 - 3,332 2,452
Printing, postage& stationery 485 969 - 1,454 1,383
Hotels, trave! & subsistence - - - - 415
Telephone and broadband 399 797 - 1,196 823
Accountancy, legal and
professional		 - - - - 2,177
NCFexpenses - - 5,000 5,000 -
Training 7 1,450 ~ 1,450 .
51,827 117,378 5,000 174,205 139,296
Total2020 41,472 97,824 - 139,296

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

10. Analysis of expenditure by activities (continued)

Analysis of support costs

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||||||||| |---|---|---|---|---|---|---|---| |PCP, YC|&|Total|Total| |ACT|MG|funds|funds| |2021|2021|2021|2020| |£|£|£|£| |Staff costs|9,545|18,876|28,421|26,265| |Office|and|computer costs|393|778|1,171|1,649| |Hotels,|travel|&|subsistence|229|453|682|-| |Light and|heat|1,108|2,190|3,298|3,058| |Rates|236|467|703|844| |Insurance|820|1,622|2,442|2,502| |Repairs|and|maintenance|557|5,223|5,780|2,400| |Advertising and|promotional|49|96|145|20| |Accountancy,|legal|and|professional|1,091|2,237|3,328|2,551| |Depreciation|3,782|6,824|10,606|8,427| |17,810|38,766|56,576|47,716| |Total 2020|15,061|32,655|47,716| |41.|Independent|examiner's|remuneration|

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2021|2020| |£|£| |Fees|payable|to|the|Company's|independent|examiner|for|the|independent| |examination|of the Company's|annual|accounts|1,638|4,560|

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HOLT YOUTH PROJECT (A Company Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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12. Staff costs

2021 2020
£ £
Wages and salarles 157,092 144,102
157,092 144,102

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

2021 2020 No. No. Staff 9 9

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

13. Trustees’ remuneratlon and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - ENIL).

During the year ended 31 December 2021, no Trustee expenses have been incurred (2020 - £NIL).

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(A Company Limited by Guarantee)

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HOLT YOUTH PROJECT

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

14. Tangible fixed assets

Freehold Equipment Computer&
property &fixtures website Total
£ £ £ £
Cost or valuation
At 1 January2021 256,942 825 13,253 271,020
Additions - 15,000 - 15,000
At 31 December2021 256,942 15,825 13,253 286,020
Depreciation
At 1 January 2021 49,304 742 6,785 56,831
Charge for theyear 4,483 1,983 4,137 10,603
At 31 December 2021 53,787 2,725 10,922 67,434
Net book value
At 31 December2021 203,155 13,100 2,331 218,586
At 31December2020 207,638 83 6,468 214,189

15. Debtors

2021 2020
£ £
Duewithin one year
Trade debtors 2,914 7,725
Other debtors 616 400
Prepayments and accrued income 3,083 3,709
6,613 11,834

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HOLT YOUTH PROJECT (A Company Limlted by Guarantee)

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a NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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16. Creditors: Amounts falling due within one year

2021 2020
£ £
Trade creditors 1,812 265
Othertaxation and social security 1,850 2,394
Pension fund loan payable - 59
Accruals and deferred income 20,908 24,418
24,570 27,136
2021 2020
£ £
Deferred income at 1 January2021 22,458 14,444
Resources deferred during the year - 8,017
Amounts releasedfrom previous periods (8,017) -
14,441 22,458

17. Flnanclal Instruments

2021 2020
£ £
Financlal assets
Financial assetsmeasuredatfairvaluethroughincomeandexpenditure 301,476 210,806

Financlal assets measured at fair value through income and expenditure comprise of cash and cash equivalents.

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(A Company Limited by Guarantes)

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HOLT YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

18. Statement of funds

Statement of funds - current year

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|1|31| |January|Transfers|December| |2021|Income|Expenditure|Infout|2021| |£|£|£|£|£| |Unrestricted|funds| |Designated|funds| |Designated|Funds-|all|funds|214,191|-|-|4,315|218,506| |General|funds| |General|Funds|-|all funds|153,544|154,114|(80,806)|(4,315)|222,537| |Total|Unrestricted|funds|367,735|154,114|(80,806)|-|441,043| |Restricted|funds| |Restricted|Funds|-|all|funds|41,958|173,696|(154,592)|-|61,062| |Total|of funds|409,693|327,810|(235,398)|-|502,105|

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HOLT YOUTH PROJECT {A Company Limlted by Guarantee)

Leanne eeeener ee eee ee —————o——EEEEEEEE==== NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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18. Statement of funds (continued)

Statement of funds - prior year

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Balance|at| |Balance|at|31| |1|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|332,624|87,698|(53,287)|(213,491)|153,544| |Total|Unrestricted|funds|332,624|87,698|(53,287)|700|367,735| |Restricted|funds| |Restricted|Funds-|all|funds|19,054|157,327|(133,723)|(700)|41,958| |Total|of funds|351,678|245,025|(187,070)|-|409,693|

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HOLT YOUTH PROJECT (A Company Limlted by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

19. Summary of funds

Summary of funds - current year

Balance at
Balance at 1 31
January Transfers December
2021 Income Expenditure in/out 2021
£ £ £ £ £
Designated funds 214,191 - - 4,315. 218,506
General funds 153,544 154,114 (80,806) (4,315) 222,537
Restricted funds 41,958 173,696 (154,592) - 61,062
, 409,693 327,810 (235,398) - 502,105
. Summaryoffunds -prioryear
Balance at
Balance at 31
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.		 1 January
2020		 Income Expenditure Transfers
in/foul		 §December
2020
£ £ £ £ £
Designated funds - - - 214,197 214,191
General funds 332,624 87,698 (53,287) (213,491) 153,544
Restricted funds 19,054 157,327 (133,723) (700) 41,958
351,678 245,025 (187,010) - 409,693

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HOLT YOUTH PROJECT (ACompany Limited by Guarantee)

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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20. Analysis of net assets between funds

Analysis of net assets between funds - current year

Analysis of net assets between funds - current yearyear
Restricted Unrestricted Total
funds funds funds
2021 2021 2021
£ £ £
Tangiblefixed assets 11,832 206,754 218,586
Currentassets 49,230 258,859 308,089
Creditors due within oneyear - (24,570) (24,570)
Total 61,062 441,043 502,105
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Analysis of net assets between funds - prioryear
‘ Restricted
funds
2020		 Unrestricted
funds
2020		 Total
funds
2020
£ £ £
Tanglblefixed assets - 214,189 214,189
Current assets 64,416 158,224 222,640
Creditorsduewithin oneyear (22,458) (4,678) (27,136)
Total 41,958 367,735 409,693

21. Related party transactions

The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 31 December 2021.

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