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 N￿hOlaS 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
appI￿able 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 self￿steeM 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 chIld￿n 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 antisoc￿1 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 Child￿n,$
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 f￿e 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 poI￿Y 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 d￿ls1on-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 p￿vention
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.. Sl*ement 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 ￿nStrUCt￿e oblig*ion 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 dI￿Ount 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 rneasu￿d 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 per￿d$
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