**Registered number: 06844711 Charity number: 1128752**
## **HOLT YOUTH PROJECT LIMITED**
**(A Company Limited by Guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2022**
## **HOLT YOUTH PROJECT LIMITED**
## **(A Company Limited by Guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 5|
|**Independent Examiner's Report**|6 - 7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9 - 10|
|**Notes to the Financial Statements**|11 - 28|
**HOLT YOUTH PROJECT LIMITED**
**(A Company Limited by Guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Trustees**|Nigel Flower|
|---|---|
||Colin Scoles|
||Thomas Hume|
||Jeff Wood (resigned 3 August 2022)|
||Stuart Ross, Chair from 13 July 2023|
||Susan Roberts|
||Kevin Abbs, Chair to 12 July 2023 (resigned 12 July 2023)|
||Rodney Smith|
||Roger Unite, Treasurer|
|**Company registered**
**number**
06844711
**Charity 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||
Page 1
**HOLT YOUTH PROJECT LIMITED**
**(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
The Trustees present their annual report together with the financial statements of the charity for the year 1 January 2022 to 31 December 2022. 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 charity 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 (HYP) objective is to provide a safe environment where the young people of Holt and the surrounding area can meet, socialise and advance their 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 provide an ever-expanding range of activities over an ever-increasing time span. Other youth-focused organisations use the facilities 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**
Our volunteers support the permanent trained staff in the charity’s activities and are supervised by those staff at all times.
## **Achievements and performance**
## **a. Review of activities**
In 2022, HYP emerged into a post-covid environment, after meeting the challenges of the covid period, with relief and pride, as we were presented with the Lord Lieutenant of Norfolk’s award for our work during the pandemic.
Our strategy is continuously to assess young people’s needs within our local communities and to adapt our offering to meet these needs. During 2022, it soon became apparent that the need was growing fast, as is illustrated by the table below. We served 287 children and young people during the year, a 44% increase over 2021, offering positive fun and challenging activities as an alternative to the possibility of antisocial behaviour and safeguarding issues at home or within the community.
Page 2
**HOLT YOUTH PROJECT LIMITED**
**(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Achievements and performance (continued)**
We were pleased to be able to expand our holiday programmes in 2022, which again afforded many young people many hours of challenge, activity and enjoyment.
In 2021 we provided a respite weekend for some of our young carers; this year, again in partnership with Norfolk Rotary Clubs and the National Trust, we held 2 weekends in Brancaster, offering double the number young carers a chance to spend time away from their responsibilities.
The cycle team on Hadrian’s Wall Challenge completed the route in record time, setting the bar high for future events; we held an activity weekend at Horstead for junior youth and took a group to the Plas y Brenin National Outdoor Centre in Wales for ‘outward bound’ style challenges; and we offered the men’s group a hiking expedition in Derbyshire.
Other young people benefited from day trips to Woburn Safari Park, Suffolk Owl Sanctuary and Framlingham Castle, while at our Centre we put on Cookery Workshops, Nerf days and a family tea party.
None of our activities would have been possible without the backing of our generous funders and donors, to all of whom we offer our heartfelt thanks.
We were thrilled to be the chosen charity for the Norfolk Superhero quadrathlon event in 2022, which raised a wonderful £130,000 for our Achieving Confidence Training project (ACT). With their agreement, we have held the funds for use in 2023/24, which has ensured the project is funded for the next two years.
At our Centre, Crane Garden Buildings donated, erected and installed a wooden Pavilion, together with and additional storage shed, for our new Resource Centre and clothes shop. We have also fitted a brand new kitchen, with a significant grant from The Alan Boswell Group Charitable Trust.
2022 was the final year of our current grant from the National Lottery, whom we thank for their support for over 3 years. However, we hope they will agree to fund new aspects of our work in the future; we have recently submitted a new application for funding and await their decision.
Financially, we currently remain in a strong position with free reserves sufficient to maintain delivery of our work for a minimum of 9 months should the need dictate. However, we plan to widen our fundraising efforts to ensure that, with an excellent team of staff, volunteers and Trustees around us, we can continue to offer a professional, caring and supportive service to our community.
Page 3
**HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Financial review**
## **a. Going concern**
At the year end, the balance sheet shows net assets of £716,300 (2021 - £502,105) and had cash reserves of £447,427 (2021 - £301,476). After making appropriate enquiries, the Trustees have a reasonable expectation that the charity 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.
## **b. Reserves policy**
The total funds of the charity at 31 December 2022 were £716,300 (2021 - £502,105) of which £237,044 (2021 - £61,062) were restricted and not available for the general purpose of the charity. The unrestricted funds of the charity totalled £479,256 (2021 - £441,043) of which £217,491 (2021 - £218,506) are designated funds. Designated funds are funds that the Trustees have earmarked for specific purposes. As at 31 December 2022, 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 £261,765 is considered satisfactory in this regard and mitigates the risk of any sudden drop in income.
## **c. Principal risks and uncertainties**
The Trustees have assessed the major risks to which HYP is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The risks and mitigating factors are reviewed on an annual basis.
## **Structure, governance and management**
## **a. Constitution**
Holt Youth Project Limited 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 charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
## **c. Organisational structure and decision-making policies**
The Board of Trustees (directors) currently consists of 7 members, though there is no upper limit prescribed by the Memorandum of Association. The Board appoints a chair and a treasurer from among their number. There is a finance committee consisting of the Treasurer and 2 other Trustees. Other subcommittees are established as the need arises. The day to day management of HYP is delegated to Julie Alford, Manager.
## **Members' liability**
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 7 members.
Page 4
**HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Members' liability (continued)**
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the charity 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 . 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 charity 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 charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity 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: Get (loro dy” **Stuart Ross Roger Unite**
Date: 19 September 2023
Page 5
**HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2022**
## **Independent Examiner's Report to the Trustees of Holt Youth Project Limited ('the charity')**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2022.
## **Responsibilities and Basis of Report**
As the Trustees of the charity (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 charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I 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 charity 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)].
I 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.
Page 6
**HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee)**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022**
This report is made solely to the charity'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 I might state to the charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.
Signed: Alice Lynch
Dated: 26 September 2023 BSc ACA DChA
## **MA Partners LLP**
Page 7
**(A Company Limited by Guarantee)**
## **HOLT YOUTH PROJECT LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
**Total income**
**Expenditure on:**
Charitable activities
8
Other expenditure
9
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2022**
**£**
**346,742**
**14,000**
**4,645**
**-**
**-**
**365,387**
**189,405**
**-**
**189,405**
**175,982**
**61,062**
**175,982**
**237,044**|**Unrestricted**
**funds**
**2022**
**£**
**73,402**
**52,671**
**21,215**
**711**
**-**
**147,999**
**98,761**
**11,025**
**109,786**
**38,213**
**441,043**
**38,213**
**479,256**|**Total**
**funds**
**2022**
**£**
**420,144**
**66,671**
**25,860**
**711**
**-**
**513,386**
**288,166**
**11,025**
**299,191**
**214,195**
**502,105**
**214,195**
**716,300**|_Total_
_funds_
_2021_
_£_
_242,477_
_74,223_
_8,507_
_157_
_2,446_|
|---|---|---|---|---|
|||||_327,810_|
|||||_230,781_
_4,617_|
|||||_235,398_|
|||||_92,412_|
|||||_409,693_
_92,412_|
|||||_502,105_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 28 form part of these financial statements.
Page 8
**HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 06844711**
## **BALANCE SHEET AS AT 31 DECEMBER 2022**
|**Note**
**Fixed assets**
Tangible assets
14
**Current assets**
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds:
Restricted funds
18
Total restricted funds
18
Unrestricted funds
Designated funds
18
General funds
18
Total unrestricted funds
18
**Total funds**|**9,227**
**447,427**
**456,654**
**(55,580)**
**237,044**
**217,491**
**261,765**|**2022**
**£**
**315,226**
**315,226**
**401,074**
**716,300**
**716,300**
**237,044**
**479,256**
**716,300**|_6,613_
_301,476_
_308,089_
_(24,570)_
_61,062_
_218,506_
_222,537_|_2021_
_£_
_218,586_|
|---|---|---|---|---|
|||||_218,586_
_283,519_|
|||||_502,105_|
||||||
|||||_502,105_|
|||||_61,062_
_441,043_|
||||||
|||||_502,105_|
The charity 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.
Page 9
## **HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 06844711**
## **BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2022**
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: Piatt **Stuart Ross** IW **Roger Unite**
Date: 19 September 2023
The notes on pages 11 to 28 form part of these financial statements.
Page 10
**HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **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 principal 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 Limited 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 charity 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 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.
## **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.
Page 11
**HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **2. Accounting policies (continued)**
## **2.3 Expenditure (continued)**
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.5 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1,000 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 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:
|Freehold property|- 2% & 10%|
|---|---|
|Equipment & fittings|- 20%|
|Computer & website|- 33% & 25%|
## **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 Liabilities**
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.
Page 12
**HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **2. Accounting policies (continued)**
## **2.9 Financial instruments**
The charity 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.
## **2.10 Pensions**
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
## **2.11 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 charity 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 charity 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.
Page 13
**(A Company Limited by Guarantee)**
## **HOLT YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **3. Income from donations and legacies**
|Donations
Grants
**Total 2022**
_Total 2021_|**Restricted**
**funds**
**2022**
**Unrestricted**
**funds**
**2022**
**£**
**£**
222,555
69,735
124,187
3,667
346,742
73,402
_159,935_
_82,542_|**Total**
**funds**
**2022**
**£**
**292,290**
**127,854**
**420,144**
_242,477_|_Total_
_funds_
_2021_
_£_
_69,568_
_172,909_|
|---|---|---|---|
||||_242,477_|
|||||
## **4. Income from charitable activities**
|General funds
Achieving Confidence Training
PCP, Young carers & Men's group
**Total 2022**
_Total 2021_|**Restricted**
**funds**
**2022**
**Unrestricted**
**funds**
**2022**
**£**
**£**
-
1,785
-
49,733
14,000
1,153
14,000
52,671
_13,761_
_60,462_|**Total**
**funds**
**2022**
**£**
**1,785**
**49,733**
**15,153**
**66,671**
_74,223_|_Total_
_funds_
_2021_
_£_
_4,835_
_55,627_
_13,761_|
|---|---|---|---|
||||_74,223_|
|||||
Page 14
**HOLT YOUTH PROJECT LIMITED**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **5. Income from other trading activities**
## **Income from fundraising events**
|Car park
Hire of facilities
Events
**Total 2022**
_Total 2021_
**6.**
**Investment income**
Investment income
**7.**
**Other incoming resources**
Other incoming resources|**Restricted**
**funds**
**2022**
**Unrestricted**
**funds**
**2022**
**£**
**£**
-
1,270
-
2,302
4,645
17,643
4,645
21,215
_1,845_
_6,662_
**Unrestricted**
**funds**
**2022**
**£**
711
**Unrestricted**
**funds**
**2022**
**£**
-|**Total**
**funds**
**2022**
**£**
**1,270**
**2,302**
**22,288**
**25,860**
_8,507_
**Total**
**funds**
**2022**
**£**
**711**
**Total**
**funds**
**2022**
**£**
**-**|_Total_
_funds_
_2021_
_£_
_1,920_
_1,845_
_4,742_|
|---|---|---|---|
||||_8,507_|
||||_Total_
_funds_
_2021_
_£_
_157_|
||||_Total_
_funds_
_2021_
_£_
_2,446_|
Page 15
**HOLT YOUTH PROJECT LIMITED**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|Achieving Confidence Training
PCP, Young carers & Men's group
Other
**Total 2022**
_Total 2021_|**Restricted**
**funds**
**2022**
**Unrestricted**
**funds**
**2022**
**£**
**£**
16,816
64,052
158,159
34,709
14,430
-
189,405
98,761
_154,592_
_76,189_|**Total**
**2022**
**£**
**80,868**
**192,868**
**14,430**
**288,166**
_230,781_|_Total_
_2021_
_£_
_69,637_
_156,144_
_5,000_
_230,781_|
|---|---|---|---|
## **Summary by expenditure type**
|Achieving Confidence Training
PCP, Young carers & Men's
group
Other
**Total 2022**
_Total 2021_|**Staff costs**
**2022**
**£**
56,875
121,982
4,787
183,644
_157,092_|**Depreciatio**
**n**
**2022**
**Other costs**
**2022**
**£**
**£**
2,314
21,679
6,762
64,124
4,643
5,000
13,719
90,803
_10,606_
_63,083_|**Total**
**2022**
**£**
**80,868**
**192,868**
**14,430**
**288,166**
_230,781_|_Total_
_2021_
_£_
_69,637_
_156,144_
_5,000_
_230,781_|
|---|---|---|---|---|
Page 16
**(A Company Limited by Guarantee)**
## **HOLT YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **9. Other expenditure**
||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2022**|**2022**|_2021_|
||**£**|**£**|_£_|
|Fundraising events|11,025|**11,025**|_4,617_|
## **10. Analysis of expenditure by activities**
|Achieving Confidence Training
PCP, Young carers & Men's group
Other
**Total 2022**
_Total 2021_|**Activities**
**undertaken**
**directly**
**2022**
**£**
63,868
152,227
5,000
221,095
_174,205_|**Support**
**costs**
**2022**
**£**
17,000
40,641
9,430
67,071
_56,576_|**Total**
**funds**
**2022**
**£**
**80,868**
**192,868**
**14,430**
**288,166**
_230,781_|_Total_
_funds_
_2021_
_£_
_69,637_
_156,144_
_5,000_|
|---|---|---|---|---|
|||||_230,781_|
||||||
Page 17
**HOLT YOUTH PROJECT LIMITED**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **10. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Positive Choices programme
Achieving Confidence Training
programme
Young carers
Minibus rental
Food vouchers
Motor
Men's group
Printing, postage and stationery
Telephone and broadband
Training
**Total 2022**
_Total 2021_|**Achieving**
**Confidence**
**Training**
**2022**
**£**
48,450
-
10,958
-
2,062
-
1,080
-
733
585
-
63,868
_51,827_|**PCP, Young**
**Carers, &**
**Men's**
**Group**
**2022**
**£**
103,912
25,080
-
7,162
4,123
-
3,559
4,376
1,727
908
1,380
152,227
_117,378_|**Other**
**2022**
**£**
-
-
-
-
-
5,000
-
-
-
-
-
5,000
_5,000_|**Total**
**funds**
**2022**
**£**
**152,362**
**25,080**
**10,958**
**7,162**
**6,185**
**5,000**
**4,639**
**4,376**
**2,460**
**1,493**
**1,380**
**221,095**
_174,205_|_Total_
_funds_
_2021_
_£_
_128,671_
_17,994_
_4,286_
_3,555_
_6,181_
_5,000_
_3,332_
_1,086_
_1,454_
_1,196_
_1,450_|
|---|---|---|---|---|---|
||||||_174,205_|
|||||||
Page 18
**(A Company Limited by Guarantee)**
## **HOLT YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **10. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Staff costs
Depreciation
Light and heat
Repairs and maintenance
Accountancy, legal and
professional
Insurance
Office and computer
Rates
Advertising and promotional
Hotels, travel and subsistence
**Total 2022**
_Total 2021_|**Achieving**
**Confidence**
**Training**
**2022**
**£**
8,425
2,314
1,978
963
1,376
836
550
404
110
44
17,000
_17,810_|**PCP, Young**
**Carers, &**
**Men's**
**Group**
**2022**
**£**
18,070
6,762
4,242
4,441
3,143
1,794
1,179
867
47
96
40,641
_38,766_|**Other**
**2022**
**£**
4,787
4,643
-
-
-
-
-
-
-
-
9,430
_-_|**Total**
**funds**
**2022**
**£**
**31,282**
**13,719**
**6,220**
**5,404**
**4,519**
**2,630**
**1,729**
**1,271**
**157**
**140**
**67,071**
_56,576_|_Total_
_funds_
_2021_
_£_
_28,421_
_10,606_
_3,298_
_5,780_
_3,328_
_2,442_
_1,171_
_703_
_145_
_682_|
|---|---|---|---|---|---|
||||||_56,576_|
|||||||
## **11. Independent examiner's remuneration**
||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|Fees payable to the charity's independent examiner for the independent|||
|examination of the charity's annual accounts|**1,425**|_1,638_|
Page 19
**(A Company Limited by Guarantee)**
## **HOLT YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **12. Staff costs**
|Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2022**
**£**
**175,682**
**5,313**
**2,649**
**183,644**|_2021_
_£_
_145,726_
_8,928_
_2,438_|
|---|---|---|
||||
|||_157,092_|
The average number of persons employed by the charity during the year was as follows:
||**2022**|_2021_|
|---|---|---|
||**No.**|_No._|
|Staff|**11**|_9_|
No employee received remuneration amounting to more than £60,000 in either year.
## **13. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ .
During the year ended 31 December 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ .
Page 20
**HOLT YOUTH PROJECT LIMITED**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **14. Tangible fixed assets**
|**Cost or valuation**
At 1 January 2022
Additions
Disposals
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
On disposals
At 31 December 2022
**Net book value**
At 31 December 2022
_At 31 December 2021_|**Freehold**
**property**
**£**
**256,942**
**66,600**
**-**
**323,542**
**53,787**
**7,813**
**-**
**61,600**
**261,942**
_203,155_|**Fixtures and**
**fittings**
**£**
**15,825**
**42,749**
**(715)**
**57,859**
**2,725**
**3,713**
**(715)**
**5,723**
**52,136**
_13,100_|**Computer &**
**website**
**£**
**13,253**
**1,010**
**-**
**14,263**
**10,922**
**2,193**
**-**
**13,115**
**1,148**
_2,331_|**Total**
**£**
**286,020**
**110,359**
**(715)**
**395,664**
**67,434**
**13,719**
**(715)**
**80,438**
**315,226**
_218,586_|
|---|---|---|---|---|
## **15. Debtors**
|**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income|**2022**
**£**
**180**
**1,539**
**7,508**
**9,227**|_2021_
_£_
_2,914_
_616_
_3,083_|
|---|---|---|
||||
|||_6,613_|
Page 21
**(A Company Limited by Guarantee)**
## **HOLT YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **16. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
Deferred income at 1 January 2022
Amounts released from previous periods|**2022**
**£**
**1,992**
**3,653**
**593**
**49,342**
**55,580**
**2022**
**£**
**14,441**
**(14,441)**
**-**|_2021_
_£_
_1,812_
_1,850_
_-_
_20,908_|
|---|---|---|
||||
|||_24,570_|
|||_2021_
_£_
_22,458_
_(8,017)_|
||||
|||_14,441_|
## **17. Financial instruments**
||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**447,427**|_301,476_|
Financial assets measured at fair value through income and expenditure comprise of cash and cash equivalents.
Page 22
**HOLT YOUTH PROJECT LIMITED**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **18. Statement of funds Statement of funds - current year**
||||||**Balance at**|
|---|---|---|---|---|---|
||**Balance at 1**||||**31**|
||**January**|||**Transfers**|**December**|
||**2022**|**Income**|**Expenditure**|**in/out**|**2022**|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted funds**||||||
|**Designated funds**||||||
|Designated Funds|**218,506**|**-**|**-**|**(1,015)**|**217,491**|
The designated funds are equivalent to unrestricted fixed assets.
|**General funds**
General Funds
**Total Unrestricted funds**|**222,537**
**441,043**|**147,999**
**147,999**|**(109,786)**
**(109,786)**|**1,015**
**-**|**261,765**|
|---|---|---|---|---|---|
||||||**479,256**|
Page 23
**(A Company Limited by Guarantee)**
## **HOLT YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **18. Statement of funds (continued)**
|**Balance at 1**
**January**
**2022**
**£**
**Restricted funds**
National Lottery
**46,730**
Voluntary Norfolk
**-**
Holiday Activity and Food
Programme
**4,500**
The Alan Boswell Charity
Trust
**3,600**
NCF - Sir Norman Lamb
Mental Health & Wellbeing
Fund
**-**
High Rope Challenge Fund
**-**
41 Club Fund
**-**
Norfolk Superhero 2022
**-**
Rollo Armstrong Fund
**-**
Sinclair Fund
**-**
NNDC Arts & Culture Fund
**2,500**
NCF - Victory Housing Trust
Community Fund
**3,732**
NCF - Norfolk Household
Support Fund
**-**
Alan Boswell Group
Charitable Trust
**-**
Crane Garden Buildings Fund
**-**
NCF - Your Big Idea
**-**
NCF - Norfolk Waveney
Community Voice Fund
**-**
**61,062**
**Total of funds**
**502,105**|**Income**
**£**
**Expenditure**
**£**
**70,207**
**(116,937)**
**14,000**
**(14,000)**
**8,478**
**(9,478)**
**-**
**(800)**
**5,000**
**(5,000)**
**1,399**
**(1,399)**
**3,246**
**(3,246)**
**132,255**
**-**
**12,000**
**(12,000)**
**11,700**
**(3,900)**
**-**
**(2,500)**
**-**
**(896)**
**5,000**
**(5,000)**
**25,000**
**(417)**
**66,600**
**(3,330)**
**4,787**
**(4,787)**
**5,715**
**(5,715)**
**365,387**
**(189,405)**
**513,386**
**(299,191)**|**Transfers**
**in/out**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Balance at**
**31**
**December**
**2022**
**£**
**-**
**-**
**3,500**
**2,800**
**-**
**-**
**-**
**132,255**
**-**
**7,800**
**-**
**2,836**
**-**
**24,583**
**63,270**
**-**
**-**|
|---|---|---|---|
||||**237,044**|
||||**716,300**|
Page 24
**HOLT YOUTH PROJECT LIMITED**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **18. Statement of funds (continued)**
## **National Lottery**
This fund relates to a grant received over 3 years to fund PCP activities.
## **Voluntary Norfolk**
This fund relates to a Carers Matters grant for young carers.
## **Holiday Activity and Food Programme**
This fund represents support for PCP holiday activities.
## **The Alan Boswell Charity Trust**
This fund relates to a grant for the purchase of bicycles.
## **NCF - Sir Norman Lamb Mental Health & Wellbeing Fund**
This fund relates to a grant for youth practitioner hours.
## **High Rope Challenge Fund**
This fund represents fundraising to support Young Carers.
## **41 Club Fund**
This fund represents fundraising to support Reboot group.
## **Norfolk Superhero 2022**
This fund represents fundraising to support ACT Group.
## **Rollo Armstrong Fund**
This fund represents ACT Group staffing.
## **Sinclair Fund**
This fund represents sponsorship of ACT Group students.
## **NNDC Arts & Culture Fund**
This funds Music for Film project for ACT.
## **NCF - Victory Housing Trust Community Fund**
This fund relates to a grant for a bicycle shed.
## **NCF - Norfolk Household Support Fund**
This fund represents food vouchers to families of Holt Youth Project students.
## **Alan Boswell Group Charitable Trust**
This fund relates to a grant towards new kitchen.
## **Crane Garden Buildings Fund**
This fund relates to the Pavilion building.
## **NCF - Your Big Idea**
This fund represents support staff for Centre Manager.
## **NCF - Norfolk Waveney Community Voice Fund**
This fund relates to generating data from conversations with participants.
Page 25
**(A Company Limited by Guarantee)**
## **HOLT YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **18. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
**Designated funds**
Designated Funds
**General funds**
General Funds
**Total Unrestricted funds**
**Restricted funds**
Restricted Funds - all funds
**Total of funds**|_Balance at_
_1 January_
_2021_
_£_
_214,191_
_153,544_
_367,735_
_41,958_
_409,693_|_Income_
_£_
_-_
_154,114_
_154,114_
_173,696_
_327,810_|_Expenditure_
_£_
_-_
_(80,806)_
_(80,806)_
_(154,592)_
_(235,398)_|_Transfers_
_in/out_
_£_
_4,315_
_(4,315)_
_-_
_-_
_-_|_Balance at_
_31_
_December_
_2021_
_£_
_218,506_|
|---|---|---|---|---|---|
||||||_222,537_|
||||||_441,043_|
||||||_61,062_|
||||||_502,105_|
Page 26
**(A Company Limited by Guarantee)**
## **HOLT YOUTH PROJECT LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **19. Summary of funds**
## **Summary of funds - current year**
|**Balance at 1**
**January**
**2022**
**£**
Designated funds
**218,506**
General funds
**222,537**
Restricted funds
**61,062**
**502,105**
**Summary of funds - prior year**
_Balance at_
_1 January_
_2021_
_£_
Designated funds
_214,191_
General funds
_153,544_
Restricted funds
_41,958_
_409,693_|**Income**
**£**
**Expenditure**
**£**
**-**
**-**
**147,999**
**(109,786)**
**365,387**
**(189,405)**
**513,386**
**(299,191)**
_Income_
_£_
_Expenditure_
_£_
_-_
_-_
_154,114_
_(80,806)_
_173,696_
_(154,592)_
_327,810_
_(235,398)_|**Transfers**
**in/out**
**£**
**(1,015)**
**1,015**
**-**
**-**
_Transfers_
_in/out_
_£_
_4,315_
_(4,315)_
_-_
_-_|**Balance at**
**31**
**December**
**2022**
**£**
**217,491**
**261,765**
**237,044**|
|---|---|---|---|
||||**716,300**|
||||_Balance at_
_31_
_December_
_2021_
_£_
_218,506_
_222,537_
_61,062_|
|Designated funds
General funds
Restricted funds||||
||||_502,105_|
Page 27
**HOLT YOUTH PROJECT LIMITED**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **20. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**
**Analysis of net assets between funds - prior year**
Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2022**
**Unrestricted**
**funds**
**2022**
**£**
**£**
97,735
217,491
139,309
317,345
-
(55,580)
237,044
479,256
_Restricted_
_funds_
_2021_
_Unrestricted_
_funds_
_2021_
_£_
_£_
_11,832_
_206,754_
_49,230_
_258,859_
_-_
_(24,570)_
_61,062_
_441,043_|**Total**
**funds**
**2022**
**£**
**315,226**
**456,654**
**(55,580)**
**716,300**
_Total_
_funds_
_2021_
_£_
_218,586_
_308,089_
_(24,570)_
_502,105_|
|---|---|---|
## **21. Pension commitments**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £2,649 (2021 - £2,438). Contributions totalling £593 (2021 - £nil) were payable to the fund at the balance sheet date and are included in other creditors.
## **22. Related party transactions**
The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 December 2022.
Page 28