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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|
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|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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## ccc 

## 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. 

## nnn 


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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: 

- ° select suitable accounting policies and then apply them consistently; ° observe the methods and principles of the Charities SORP (FRS 102); 

- ° make judgments and accounting estimates that are reasonable and prudent; 

- ° state whether applicable UK Accounting Standards (FRS 102) 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 Company will continue in business. 

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/<br>**----- End of picture text -----**<br>


Denneneeeee ee 

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HOLT YOUTH PROJECT<br>(A Company Limited by Guarantee)<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
INDEPENDENT EXAMINER'S REPORT<br>FOR THE YEAR ENDED 31 DECEMBER 2021<br>**----- End of picture text -----**<br>


## 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°.<br>Mr lan Barber FCA<br>**----- End of picture text -----**<br>


MA Partners LLP 

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## a 

## HOLT YOUTH PROJECT (A Company Limited by Guarantee) 

## OOOO 

## 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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i nnnnn<br>BALANCE SHEET<br>AS AT 31 DECEMBER 2021<br>2021 2020<br>Note £ £<br>Flxed assets<br>Tangible assets 14 218,586 214,189<br>218,586 214,189<br>Current assets<br>Debtors 15 6,613 11,834<br>Cash at bank and in hand 301,476 210,806<br>308,089 222,640<br>Creditors: amounts falling due within one<br>year 16 (24,570) (27,136)<br>Net current assets 283,519 195,504<br>Total assets less current liabilities 502,105 409,693<br>Net assets excluding pension asset 502,105 409,693<br>Total net assets 502,105 409,693<br>Charlty funds<br>Restricted funds 18 61,062 41,958<br>Unrestricted funds<br>Designated funds 18 218,506 214,191<br>General funds 18 222,537 153,544<br>Total unrestricted funds 18 441,043 367,735<br>Total funds 502,105 409,693<br>**----- End of picture text -----**<br>


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 | |<br>Dates §=AALre Pucus } AvA; a)<br>**----- End of picture text -----**<br>


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

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ee 

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 

- 2.1 Basis of preparation of financial statements 

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. 

- 2.2 Income 

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. 

. 

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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## 2.3 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%<br>Equipment & fittings - 20%<br>Computer & website - 33% & 25%<br>**----- End of picture text -----**<br>


## 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. 

- 2.7 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. 

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. 

an 

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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 

we 

3. 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 

: 

||||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) 

: . 

## a 

. 

## i 

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

## ee 

## 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, <br>group|Young|carers|&|Men's|104,335|6,824|44,985|156,144|,<br>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) 

## Te 

## 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<br>directly|Support<br>costs|Total<br>funds|Total<br>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|-||
||||||.|
||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) 

, : 

## Sa 

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

## a 

, 

## 10. Analysis of expenditure by activitles (continued) 

Analysis of direct costs 

|||PCP,YC &||Total||Total|
|---|---|---|---|---|---|---|
||ACT<br>2021|MG<br>2021|Other<br>2021|funds<br>2021||funds<br>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<br>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) 

—_——— 

## eat 

## 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|

**----- End of picture text -----**<br>


. 


**----- Start of picture text -----**<br>
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2021|2020|
|£|£|
|Fees|payable|to|the|Company's|independent|examiner|for|the|independent|
|examination|of the Company's|annual|accounts|1,638|4,560|

**----- End of picture text -----**<br>


Page 18 



, 

HOLT YOUTH PROJECT (A Company Limited by Guarantee) 

a 

a 

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

ee 

## 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). 

a 

Page 19 



ee 

(A Company Limited by Guarantee) 

el 

, 

## HOLT YOUTH PROJECT 

nnn 

## 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|



Page 20 



| 

HOLT YOUTH PROJECT (A Company Limlted by Guarantee) 

| ‘ 

## a 

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

. 

## a 

## 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. 

NNOy Page 21 



(A Company Limited by Guarantes) 

TT eee 

' ' 

| 

## HOLT YOUTH PROJECT 

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

## 18. Statement of funds 

## Statement of funds - current year 


**----- Start of picture text -----**<br>
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|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|

**----- End of picture text -----**<br>


a 

. 


**----- Start of picture text -----**<br>
|<br>**----- End of picture text -----**<br>


Page 22 



| | 

> . ; 

a 

: 

, 

; 

## 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 

## een 

## 18. Statement of funds (continued) 

## Statement of funds - prior year 


**----- Start of picture text -----**<br>
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|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|

**----- End of picture text -----**<br>


, 

ep 

—e_ge@w< Page 23 



HOLT YOUTH PROJECT (A Company Limlted by Guarantee) 

## at 

## 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|
|||.<br>.|1 January<br>2020|Income|Expenditure|Transfers<br>in/foul|§December<br>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|



Page 24 



| 

HOLT YOUTH PROJECT (ACompany Limited by Guarantee) 

_ 

; : 

## I 

## LL 

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

## a 

## 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|
|||||,<br>.|
|Analysis of net assets between funds - prioryear|||||
||‘|Restricted<br>funds<br>2020|Unrestricted<br>funds<br>2020|Total<br>funds<br>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. 

| | 

## a 

| 

Page 25