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 2023
HOLT YOUTH PROJECT UMITED IA Company LSmited by Guarnntee) CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advise Trustees. Report Independent Examlnerfs Report ststement of Financial Activities Balance Sheet 9-10 Notes to the FiTran¢ial Ststements 11-30
HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee) REFERENCE AND ADMINISTPATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees Thomas Hume, Chairfrom 16 January 2024 stuart Ross, Acting Chair from 13 July 2023 to 15 January 2024 Kevin Abbs (resigned 12 July 20231 Nigel Flower, Secretary Roger Unite, Treasurer Colin Scoles Susan Roberts Rodney Smf(h Georgina Sargent (appointed 5 December 20231 Charles Barratt (appointed 12 March 2024) Mark NhOlaS lappoinled 12 March 20241 Company registered numbar 06844711 Charity registorgd number 1128752 Regi$1orod offl Station Way Off Hempstead Road Holi Norfolk NR25 6DH Accountants MA Partners LLP 7 The Close Norwich Norfolk NR14DJ Page 1
HOLT YOUTH PROJECT LIMITED IA Company Lirnited by Guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their annual report together with the financial statements of the Charity for the year 1 January 2023 to 31 December 2023. The Annual Report serves the purposes of both a Tnjstees, report and directors. report under company law. The Trustees ¢onfimi that the Annual Report and financial slalemenls of the charitable company comply with the current statutory requirements, the requirements of the ch8ritsble company's goveming document and the provisions of the Statement of Recommend Practice ISORPI appIable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 20191. Since the Charity qu8lrfies as small under section 382 of the Companies Act 2006, the Strategic Report Tequired of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activities a. Pollclos and objectlves Holl Youth Project Limited's IHYPI objective is lo provide a safe environment where the young people of Hott and the surrounding area can meet. socialise and advance their personal skills under the watchful and kindly eye of a team of committed aduits. A degree of education is prowded within a wami atmosphere whe behaviours, responsibilty and selfsteeM are all enhanced. We provide a very wide range of activities that ensures broad appeal to all of the diverse young people we support. Other youth-focused organisalions usè the fa¢ililies with the result that belween us a full program continues at weekends and during half terms and school holidays. In setting objectives and planning for aclivrties. the Trustees have given due consideration to general guidan published by the Charity Commission relating to public benefft, including the guidance 'Public benefrt.. running a charity IPB21'. b. Volunteers Our volunteers support the pernianent trained in the charitys activities and are supervised by those staff al all times. Achievements and perfomiance a. Review of activities In 2023, HYP built on the work started post-comd and wrth a Mew to the future. The drtferent groups {from young carers through to the young men) saw increased or maximum numbers as we worked hard lo accommodate the growing demand. Our strategy MaInS continuously to assess young people's needs w((hin our local communities and to adapt our offering lo meet these needs. During 2023 we have again seen an increase in the number of chIldn and young people served, despite a record breaking increase the year before. This is illustrated by the table below. We served 354 children and young people during the year, 8 230/0 increase ovei 2022, despite 2022 numbers being 8 44% increase over 2021. We believe that offering posf(ive, fun and challenging activities as an ayternative to the possibilty of antiS(Kial behaviour and safeguarding issues al home or within the communty is al the core of our mission. Page 2
HOLT YOUTH PROJECT LIMITED (A Cornpany Limtted by Guaranteo) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Achievements and perfomiance {¢ontinuedl Young People engaged HYP 2tr22 Incrcase % Miniljunior Youth Hubs nior Youth Hub Young Carers ioi 470kn 13% 13 li Mon's Group In 2023, in addrf(ion to our stsndard timetable we had a host of varied actiwlies for our young people to enjoy during the school holidays. This included a residential stay at the Horslead adivty centre for members of our youth hub and we look our young carers group to Brancaster for a residential that included a track day at Anglian Karting. We also ran lots of day trips that are sometimes more accessible for some of our young people. In 2023 this included Scalextric. Quasar, Colchester Zoo, Snowboarding and the Oasi5 Camel Park, to name but a few. None of our activities would have been possible wi(hout the backing of our generous funders and donors, to all of whom we offer our heartrell thanks. We were delighted lo be awarded a further three year grant from the National Lottery Community Fund that will begin in 2024. We were able to demonstrate the importance and impact of our work and align this wf(h a new offering under the banner of °Resilient Togetherf. This new program will see us provide a solution for those children and young people whom we are currently unable lo support due to the severity of their needs, or the level of their disruptive antisoc1 behaviour and the impact that has on our existing groups. We feel these are among the most vulnerable within OUT society and are pleased that we will now have a structure lo help them. We had an exceptional yeai of fundraising in 2023 that has put us in a strong posf(ion going forwards, atthough we are increasingty aware of the challenges we face as our charty grows. The signfficanl support of the National Lottery will se at the end of 2026. H¢)wever, we are preparing for that eventuality now with a focused approsch to sustainable fundraising. The building that was generousty donated in 2022 is now a fulty-fledged charity clothes shop. Known as the Pavilion, f( is staffed by volunteers and provides a source of low cost {or sometimes freel clothes for families in need within our communty. We are lucky lo be provided with a constant supply of clothes Iparticularty Childn,$ clothes) trom local donors. We have now created an online Vinted account where we sell the more designer items for a Irue market price. This has buitt over time to provide a regular source of income Financially, we Currently remain in a strong position wlh fe reserves sufficient to maintain delwery of our work for a minimum of 7 months should the need dictate. Combined wth an excellent team of stsff, volunteers and Trustees around us, we are Confident we can continue to offer a professional, caring and supportive service lo ourcommunity. Pagè 3
HOLT YOUTH PROJECT LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Financlal review a. Golng concern At the year end, the bafance sheet shows net assets of £656,27912022 - £718,300} and had cash reserves of £422,970 {2022 £447,427>. After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources lo continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements_ Further details regarding the adoption of the going Concern basis can be found in the reserves poIY and the accounting policies. b. Reserves policy The total ftjnds of the charty at 31 December 2023 were £656,27912022 - £716,300) of which £218,39012022 - £237,044> were resliicted and not available for the general purpose of the charty. The unrestricted funds of the charity totalled £437,889 12022 - £479,2561 of which £260,756 12022 £217,491) are designated funds. Designated funds are funds that the Trustees have e8miarked for specrfic purposes. As at 31 December 2023, the de5on8led amount relates to the tangible fixed assets of the charity, refflecling the fact that these funds could not be realised wthout disposing of the assets, and to funds raised from a sponsored cross-channel swim which Trustees have eamiarked as match funding the new Resilient Together proiert funded by a grant from the National Lottery Communty Fund, which begins in 2024. The Trustees have determined that the charity should prudently maintain fr* reserves of at least 9 months, operating costs. The free reserve balance of £223,707, white less than the value of 9 months, operating Costs, is onsidered Teasonable in this regard and mitigates the risk of any sudden drop in income. e. Principal risks and uncertainties The Trustees have assessed the major risks lo which HYP is exposed, and are satisfied that systems are in place lo mi(igate exposure lo the major risks. The risks and mi(igaling factors are reviewed on an annual basis. Structure. governance and management a. Constitution Holl Youth Project Limited is registered as a charitable wmpany limited by guarantee and was sel up by a Memorandum of Association. b. Methods of appointment or election of Trustees The management of the Charty is the responsibility of the Trustees who are elected and Cowopled under the terms of the Memorandum of Association. . Oryanisational structure and dls1on-maklng poli¢igS The Board of TTuslees Idirectorsl currently consists of 10 members, though there is no upper limit prescribed by the Memorandum of Association. The Boar¢ appoints a Ghair and a treasurer from among their number. There is a finan¢e 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. Page 4
HOLT YOUTH PROJECT UMITED IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Members. liability The company is a register charity and is limrted by guarantee of ts members, vtho have guaranteed a sum not exceeding £10 per member. There are 10 members {2022". 7 members). Statement of Trustees. responslbllitles The Tnjstees (who are also the directors of the Charty for the purposes of company lawl are responsible for preparing the Trustees. Report and the financial statements in accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pracb"cel. Company18w qUireS the Trustees lo prepare financial statements for each financial year. Under company law, the Trustees musl not approve the financial statements unless they are sab'sfied that they give a true and fair view of the slate of affairs of the Charty and of ils incoming resources and application of resources, including its income and expendf(ure, for that period. In preparing these financial stslements, the Trustees are required to.- select suitable accounting policies and then apply them Consislenlly", observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards IFRS 1021 have been folbwed, subjeet to any material departures disclosed and explained in the financial slalements-, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Chanty will continue in business. The Trustees are responsible for keeping adequate aecounting record$ that are sufficient to show and explain the Charity's transactions and disclose wf(h reasonable accuracy al any time the financial p05i(ion of the Charty and enable them lo ensure that the financial statements Comp with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the pvention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behaw by.. Roger Unito Thomas Hume Date.. 10 September 2024 P8ge 5
HOLT YOUTH PROJECT LIMITED {A Company Limitod by Guaranteel INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Independent Examlnerfs Report to the Trustees of Holt Youth Project LlmIted I'the Charrty.) I report to the charty Trustees on my examination of the accounts of the Charity for the year ended 31 December 2023. Responsibilities and Basis of Report As the Trustees of the Charty (and its direetors for the purposes of company lawl you are responsible ftsr the preparation of the accounts in accordance wrth the requirements of the Companies Act 20061'lhe 2006 Acl'l. 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 Ltnder section 145 of the Charities Act 2011 {Xhe 2011 AcY}. In carying out my examination I have followed the Directions given by the Charity Commission under section 14515){bl of the 2011 A¢1. Independent Examlnerfs Statsment Since the Charws gross income exceeded £250,000 youi examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualffied to undertake the examination because l am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. l ¢onfimi thal no matters have come to my attention in connection wfth the examination giving me cause to believe.. accounting records were not kept in respect of the Charty as required by section 386 of the 2006 Act., or the accounts do not accord wth those records,. or the accounts do not compty wf(h the accounting requirements of section 396 of the 2006 Act other Ih8n any requirement that the accounts give a Irue and fairf view which is not a matter wnsidered as part of an independent examination., or the accounts have not been prepared in accordance wrth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charf(ies applicable to charities preparing their accounts in accordance with the Financral Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection wf(h the examination to which attention should be drawn in this report in order to enable 8 proper understanding of the accounts to be reached. Page 6
HOLT YOUTH PROJECT UMITED IA Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Chartiies (Accounts and Reports} Regulations 2008. My work has been undertaken so that I might state to the Charitys Trustees those matters l am required to state to them in an Independent ExamineT'S Report and for no other purpose. To the fullest extent perniitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charitys Trustees as a body, for my work or for this report. Signed.. Alice Lynch Dated.. 12 September 2024 Bsc FCA DChA MA Partners LLP 7 The Close Norwich Norfolk NR1 4DJ Page 7
HOLT YOUTH PROJECT LIMITED IA Company Limited by Guarantoe) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2023 Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Tot81 funds 2022 Note Income from: Donations and legacies Charitsble acliwties Other trading activities Investments 52,385 14,265 93,207 38.619 59.574 4,354 145,592 52,884 59.574 4,354 420, 144 66,671 25,860 Tfl Total Income 66.650 195,754 262,404 513,386 Expenditure on: Charitable activities Other expenditure 85,304 230.204 6,917 315.508 6.917 288, 166 11,025 Totsl expenditure 85.304 237,121 322.425 299, 191 Net movement in funds {18,6541 141.367) {60.021) 214, 795 Reconciliation of funds: Total funds brought forward Net movement in funds 237.044 118.654} 479.256 141,3671 716,300 160,0211 502. 105 214, 195 Totsl funds carrfed fovmard 218.390 437.889 656.279 716,300 The Statement of Financial Activf(ies includes all gains and losses recognised in the year. The notes on pages 11 to 30 fom part of these financial statements. Page 8
HOLT YOUTH PROJECT LIMITED {A Company Limited by Guaranteel REGISTERED NUMBER: 06844711 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Fixed assets Tangible assets 13 297.561 315,226 297.561 315,226 Current assets Debtors Cash at bank and in hand 14 25,962 422,970 9,227 447,427 448.932 456,654 Creditors.. amounts falling due bwthin one year 15 {90.214) 155,580) Net current assets 358.718 407,074 Total net assets 656.279 716,300 Charity funds Restricted funds.. Restricted funds 16 218,390 237,044 Total restricted funds Unrestricted funds 16 218,390 237,044 Designated funds General funds 16 16 260,756 177.133 217.491 261, 765 Total unrestricted ftjnds 16 437.889 479,256 Total funds 656,279 716,300 Page 9
HOLT YOUTH PROJECT LIMITED IA Company Limited by Guarantee) REGISTERED NUMBER: 06844711 BALANCE SHEET {CONTINUEDI AS AT 31 DECEMBER 2023 The Charity was entitled lo 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 comptying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial slalements have been Prepared in accordance with the provisions applicable to entf(ies subject lo the small companies regime. The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by.. Roger Unite Thomas Hume Date.. 10 September 2024 The note5 on pages 11 to 30 fomi part of these financial statements. Page 10
HOLT YOUTH PROJECT LIMITED IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General infomiation 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. Accounting pollcSes 2.1 Basis of preparation of financial statements The financial statements have been prepared in aecordance wtth the Charities SORP IFRS 102) - Accounting and Reporting by Charities.. Slement of Recommended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporbn9 Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 20191, the Financial Reporting Sland?rd applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 200S. Holt Youth Project Limited meets the definition of a public benefrt entity under FRS 102. Assets and Ik?bilities 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 specrfic 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, ts recognfiion is deferred and included in creditors as delerred income. Where entitiemenl occurs before income is received, the income is accru. Income tax recoverable in relation to investrnent income is recognIs at the time the investment income is receivable. 2.3 Expenditure Expenditure is recognised once there is a legal or nStrUCte obligion lo transfer economic benefit lo a third party, il is probable that a transfer of economic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure on charitable activities is incurred on direclty undertaking the activities which further the Charitys objectives, as well as any associated support costs. All expenditure 18 inclusive of irrecoverable VAT. 2A Interest rKeivablg Interest on funds held on deposi( is included when receivable and the amount ean be measured reliably by the Charity," this is nomially upon nolificalion of the inlefest paid OT payable by the inslilulion with whom the ftjnds are deposited. Page11
HOLT YOUTH PROJECT LIMITED IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies {wntinuodl 2.5 Tanglble fixed assets and depreclatlon Tangible fLxed assets eosting £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 fLYed assets are Initial recognised at cost. After recognition, under the cost model, tsngible fixed assets are rneasureil at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working eondilion should be included in the measurement of cost. Depreciation is charged so as lo alloc*e Ihe cost of tangible fixed assets less their residual value over their estimaled useful lives, using the straight-line meth¢Jd. Depreciation is promded on the following bases.. Freehold propety Equipment & fittings Computer & websi(e -2%&100A 200 330A & 25OA 2.6 Debtors Trade and other debtors are recognised al the settlement amount after any trade dIOunt offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.7 Cash at bank and in hand Cash al bank and in hand includes cash and short-tem) highly liquid investments w¢th a short maturty 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 SuIt 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 reliabty. 2.9 Financial instruments The Charty onty has financi818ssels and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are initrally recognised at transaction value and subsequently rneasud at their settlement value. 2.10 Pensions The Charty operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charty to the fund in respect of the year. Page 12
HOLT YOUTH PROJECT LIMITED IA Company Llmlted by Guaranteg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies {continued) 2.11 Fund accounting General funds are unrestrtcted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Chanty 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 stslemenls. Restricted funds are funds which are lo be used in accordance with specrfic restrictions imposed by donors or which have been raised by the Charty for particular purposes. The costs of raising and administering such funds are charged against the specffic 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 alloc*ed to the appropriate fund. Page13
HOLT YOUTH PROJECT LIMITED (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from donatlons and legacles Restricted Unrestrieted funds funds 2023 2023 Total funds 2023 Total funds 2022 Donations Grants 15,300 37.085 93,207 108,507 37,085 292,290 127,854 Total 2023 52,385 93,207 145.592 420, 144 Total 2022 346. 742 73.402 420. 144 Income from charitable activities Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Total fvnds 2022 General funds Achieving Confidence Training PCP, Young carers & Men's group 1,780 36,839 1,780 36.839 14,265 1,785 49.733 15.153 14,265 Total 2023 14,265 38,619 52.884 66.671 Total 2022 14,000 52,671 66,671 Page 14
HOLT YOUTH PROJECT LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from other trnding adivitFey Income from fundraising events Rostrict8d Unrgstricted funds funds 2023 2023 Total funds 2023 Total fvnds 2022 Car park Hire of facilities Events 740 740 1,270 2,302 22,288 2,047 56,787 2.047 56,787 Total 2023 59,574 59,574 25,860 Total 2022 4.645 21.215 25.860 Investment Income Unrestricted funds 2023 Totsl funds 2023 Total funds 2022 Investment income 4,354 4,354 711 Page15
HOLT YOUTH PROJECT LIMITED IA Company Limited by Guarant99) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expendlture on charltable actlvlties Summary by fund type Restricted Unrestricted funds funds 2023 2023 Total 2023 Total 2022 Achieving Confidence Training PCP, Young carers & Men's group Other 39,491 31.757 14,056 49,554 180,650 89.045 212,407 14,056 80,868 192,868 14,430 Total 2023 85,304 230,204 315.$08 288, 166 Total 2022 189,405 98.761 288, 166 Summary by oxponditurn typa Stsff costs Deprgciation Other cost$ 2023 2023 2023 Total 2023 Total 2022 A¢hieving Confidence Training PCP, Young carers & Men's group Other 68,054 2,610 18,381 89.045 80,868 138.447 8,931 12,556 65,029 1,500 212.407 14,056 192,868 Y4,430 Total 2023 2ffi,501 24,097 84,910 315,508 288, 766 Total 2022 183,644 13, 719 90,803 288, 166 Page 16
HOLT YOUTH PROJECT LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Other expenditure Unrestricted funds 2023 Total funds 2023 Total funds 2022 Fundraising events 6.917 6.917 11,025 Analysis of expenditure by activities Actlvltles undertaken directly 2023 Support ¢o$t$ 2023 Total fund$ 2023 Total funds 2022 Achieving Confidence Training PCP, Young carers & Men's group other 71.399 146,685 1.500 17.646 65.722 12,556 89.04S 212,407 14.056 80.868 192,868 14.430 Total 2023 219,584 95,924 315.508 288, 166 Total 2022 221,095 67.071 288. 166 Page 17
HOLT YOUTH PROJECT LIMITED IA Company Limited by Guarnnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expenditure by activities {continuedl Analysis of direct costs PCP, Young Carers, & Men'$ Group 2023 Achleving Confidence Training 2023 Totsl funds 2023 Total funds 2022 Other 2023 staff costs Posf(ive Choices programme Aehieving Confidence Training programme Young carers Minibus rental Food vouchefs Motor Men's group Printing, postage and stationery Aceountancy, legal and professional Telephone and broadband Training $6,662 107.328 17,948 163,WJO 17.948 152,362 25,080 7,938 7,938 3.599 6.235 1,500 4,379 4,692 10.958 7.t62 6,185 5,000 4,639 4.376 2.460 3.599 5,307 928 1.500 1,207 3,172 4.692 2.255 3.979 291 3.979 1.957 718 1,666 718 t.493 1,380 Total 2023 71,399 146,685 1,500 219,584 221,095 Tot812022 63,868 152.227 221,095 Page18
HOLT YOUTH PROJECT LIMITED IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Anatysls of expenditure by activities {¢ontinued} Analysis of support costs PCP, Young Carers, & Men's Group 2023 Achieving Confidence Training 2023 Total funds 2023 Tolsl funds 2022 Other 2023 Staff c¢)sts Depreciation Light and heal Repairs and maintenance Accountancy, legal and professional Insurance Office and computer Rates Advertising and promotional Hotels, travel and subsistence 11,392 2,610 740 923 31,119 8.931 5,452 8,077 42.511 24,097 6.192 9,000 31.282 13, 719 6,220 5,404 12,556 1,003 380 434 4,873 2.800 3.191 1.034 16 229 5,876 3.180 3.625 1,175 16 252 4,519 2,630 1, 729 t,271 157 140 141 23 Total 2023 17,646 65,722 12.556 95,924 67,071 Total 2022 17,0(Kl 40,641 9,430 67.071 10. Independgnt examlner's remuneration 2023 2022 Fees payable to the Charivs independent examiner for the independent ex8mination of the Charitls annual accounts 1.860 1, 770 Page 19
HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 11. Stsff costs 2023 2022 Wages and salaries Social securty costs Contribution to defined contribution pension schemes 193,785 9,683 3.033 175, 682 5,313 2,649 206,501 183,644 The average number of persons employed by the Charity during the year was as follows.. 2023 No. 2022 No. staff 12 No employee received remuneration amounting to more than £60,000 in either year. 12. Trustees. remuneration and expenses During the year, no Trustees receNed any remuneration or other benefrts (2022- £NIL). During the year ended 31 December 2023, no Trustee expenses have been incurred (2022- £NIL). Page 20
HOLT YOUTH PROJECT UMITED IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Tangible fued assets Freehold Flxtures and Computer & property rrtings Wob$ite Total Cost or valuation At 1 January 2023 Additions 323,542 57,858 6,432 14.263 395,663 6.432 At 31 December 2023 323,542 64.290 14.263 402,095 Depreciation Al 1 January 2023 Charge for the year 61,600 11,143 5,723 12.260 13.114 694 80.437 24,097 Al 31 December 2023 72.743 17.983 13.808 104.534 Not book value At 31 December 2023 250,799 46,307 297,561 At 31 December 2022 261.942 52, 135 1, 149 315,226 14. Debtoys 2023 2022 Due within one year Trade debtors Other debtors 188 16.246 9,528 f80 1,539 7,508 Prepayments and accrued income 25,962 9,227 Page21
HOLT YOUTH PROJECT LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Creditors: Amounts falllng due wlthln one year 2023 2022 Trade credf(ors Other taxation and social secur Other creditors Aecruals and deferred income 4.895 3.819 560 80.940 1,992 3,653 593 49,342 90.214 55,580 2023 2022 Deferred income at 1 January 2023 Resources deferred during the year Amounts released fr¢)m previous perd$ 14,441 74,050 (14.441) 74.050 Page 22
HOLT YOUTH PROJECT LIMITED IA Company Llmlted by Guardnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Statement of funds Statement of funds- current year Balance at 31 December 2023 Balance at 1 January 2023 Transfers inlout Income Expenditure Unrestricted funds De$ignated funds Representing fixed assets Representing funds attributed by trustees to 2024 Match Funding 217.491 (3,3091 214,182 46.574 46.574 217.491 43,265 260,756 Representing fixod assets These designated funds are equivalent to unrestricted fixed assets. Representing funds attributed by trustees to 2024 match Fundlng The Trustees have designated ftjnds raised by 8 sponsored cross£hannel swim as funds to match a grant from the National Lottery Communtty Fund in 2024. General funds General Funds 261,765 195,754 1237.1211 143.2651 177.133 Total Unrestrfcted funds 479.256 195,754 1237,121) 437.889 Page 23
HOLT YOUTH PROJECT UMITED {A Company Limitgd by Guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Statement of funds {contlnued) Balance at 31 Docgmbgr 2023 Balanee at 1 January 2023 Transfers inlout Income Expenditure Restricted funds Holiday Activity and Food Programme The Alan Boswell Charty Trust Norfolk Superhero 2022 Rollo Armstrong Fund Sinclair Fund NCF- Victory Housing Trust Community Fund Alan Boswell Group Charitable Trust Crane Garden Buildings Fund Holt Hall Fund Voluntary Norfolk Heat Pump Fund NCF- Norfolk Household Support Fund 3.500 7.935 18.935) 2,500 2.800 132.256 {8001 122,9231 112.0001 110,725) 2.000 109,707 375 12.000 2,925 7.800 2,836 18961 24.583 63.270 {5.01)01 {6,6601 {1.61)01 114.2651 19,683 56,610 1.600 14.265 22.500 22,500 5,050 (1,5001 237,044 66,650 185,3041 218,390 Total of funds 716.300 262,404 {322.425) 656.279 Page 24
HOLT YOUTH PROJECT LIMITED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023 16. Statement of funds l¢ontinued) Holiday Adivity and Food Programme This fund represents support for PCP holiday actimties. The Alan Boswell Charity Trust This fund relates lo a grant for the purchase of bicycles. Norfolk Superhero 2022 This fund represents fundraising to support ACT Group. Rollo Armstrong Fund This fund represents ACT Group stsffing. Sinclair Fund This fund represents sponsorship of ACT Group students. NCF - Victory Housing Trust Cornmunity Fund This fund relates to a grant for a bicycle shed. Alan B05well Group Charitable Trust This fund relates to a grant towaids new kitchen. Crane Garden Buildings Fund This fund relates to the Pavilion building. Holt Hall Fund This fund supports outdoor adivities for young people. Voluntary Norfolk This fund relates to a Carers Matters grant for young carers. Heat Pump Fund This fund is set up to provide an air source heal pump for the Youth Hub. NCF- Norfolk Household Support Fund This fund preSentS food vouchers to families of Holt Youth Project students. NCF- Slr Norman Lamb Mental Health & Wellbeing Fund This fund retates 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. NNDC Arts & Culture Fund This funds Music for Film project for ACT. Page 25
HOLT YOUTH PROJECT LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Statement of funds Icontinuedl Statement of funds- prior year Balance at 31 December 2022 Balance al l January 2022 Trnnsfer in/oul Income Expenditure Unrestrlcted funds Designated funds Representing fixed assets 218,506 (t,015J 217,491 General funds General Funds 222.537 147.999 {109.786J 1,015 261, 765 Total Unrestricted funds 441,043 147.999 (109.786J 479,256 Page 26
HOLT YOUTH PROJECT LIMITED {A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 16. Statement of funds {continugd} BalaTr at 31 December 2022 Balance al 1 January 2022 Transfe in/oul Income Expenditure Restri¢t9d funds National Lottery Voluntary Norfolk Holiday Activity and F¢)od pr(TaMme The Alan Boswell Charity Trust NCF- Sir Nomian Lamb Mental Health & Wellbeing Fund High Rope Challenge Fund 41 Club Fund Norfolk Superhero 2022 Rollo Amstrong Fund Sinclair Fund NNDC Arts & Cutture Fund 46, 730 70.207 14.000 (116,937) (14,OOOJ 8,478 (9,478) (800) 5,000 1.399 3,246 132.255 12,000 11,700 (5,tWO) (1.399) (3,246) 132,255 (12,000) f3,900) (2.5(k)) 7,800 2,0 NCF- Vidory Housing Trust Community Fund NCF- Norfolk Hoijsehold Support Fund Alan Boswell Group Charitsble Trust 3, 732 (896J 2, 836 (5,000) 25,000 66,6(Kl 10,502 (417) (3,330) (10,502) 24,583 63.270 Crane Garden Buildings Fund Other Funds 61.062 365,387 (189,405) 237,044 Total of funds 502, 105 513,386 (299, 191) 716,3QO Page 27
HOLT YOUTH PROJECT UMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 17. Summary of funds Summary offunds- currentyear Balance at 31 December 2023 Balance at 1 January 2023 Transfers inlout Income Expenditure Designated funds General funds Restricted funds 217N91 261.765 237.044 43.265 143,265) 260.756 177.133 218.390 195.754 66,650 1237,1211 185.3041 716,300 262,404 {322.425} 656.279 Summary of funds- Prior ygar Balance 81 31 December 2022 BalaTr at l Janu8ry 2022 Transfers An/oul Incom8 Exp8nditur8 Designated funds General funds Restricted funds 218,6 222,537 61.062 (1,015) 1.015 217,491 261,765 237,044 147.999 365.387 (109,786J (189,405) 502. 105 513,386 (299, 19t) 716.300 Page 28
HOLT YOUTH PROJECT LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 18. Analysis of net assets botwggn funds Analysis of n9t assets betsveen funds - current year Restricted Unrestricted funds funds 2023 2023 Total funds 2023 Tangible fixed assets Current assets Creditors due within one year 83.379 209.061 174,050} 214.182 239,871 116,164} 297,S61 448.932 {90,2141 Total 218,390 437,889 656,279 Analysis of net assets between fund$ - prfor year Restricted Unrestrlcted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Current assets 97, 735 139,309 217,491 317.345 (55,580) 315,226 456,654 (55,580) Creditors due within one year Total 237,044 479,256 716,300 19. Capital commitments 2023 2022 Contracted for but not provided in these finan¢ial statements Acquisrtion of tangible fixed assets 15,300 Pension commltments The charty operates a defined contribution pension scheme. The assets of the scheme are held separaely from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charty to the fund and amounted to £3,033 12022 £2,649). Contributions totalling £56012022 - £593) were payable lo the fund at the balance sheet date and are included in other credrtors. P8ge 29
HOLT YOUTH PROJECT LIMITED IA Company Limited by Guaranteg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 21. Related party transactions The Charty has nol entered into any related paty transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2023. Page 30