Règistered 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 2024

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Charity. its Trustees and Advisers
Trustees. Report
Independent Exarniner's Report
Statement of Financial Activities
Balanc8 Sheet
10- 11
Notes to the Financial Statements
12-32

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Thomas Hum8, Chair from 16 January 2024
Stuart Ross, Acting Chair from 13 July 2023 to 15 January 2024
Nigel Flower, Secretsry
Roger Unite, Treasurer
Colin Scoles
Susan Roberts (resigned 6 November 20241
Rodney Smith
Georgina Sargent
Charles Barratt lappoinled 12 March 2024}
Mark Nicholas (appointed 12 March 20241
Company registered
number
06844711
Charity registered
number
1128752
Registered office
Old Station Way
Off Hempstead Road
Holl
Norfolk
NR25 6DH
Accountants
MA Partners LLP
7 The Close
Norwich
Norfolk
NR1 4DJ
Page 1

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEl4lBER 2024
The Trustees present their annual report together with the financial statements of the Charity for the year 1
January 2024 to 31 December 2024. 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 charitsble cornpany comply with the current ststutory requirements, the requirements of the charitable
company's governing document and the provisions of the Statement of Recommended Praolice ISORPI
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS1021 leffeclive 1 January 20191.
sin￿ the Charrfty 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 IHYPI objective is lo provide a safe environment Whe￿ 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 a very wide range of activities that ensures broad
appeal lo all of the diverse young people we support. Other youth-focused organisalions use the facilities with
the result that between us a full program continues al weekends 2nd during half terms and school holiday3.
In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance
published by the Charity Cornmission relating lo public benefit, including the guidance 'Public benefit= running a
charity IP821'.
b. Volunteers
Our volunteers support the permanent trained staff in the charity's 2Ctivities and are supervised by those staff at
all times.
Page 2

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and perfomiance
a. Review of activities
We started 2024 bolstered by a funding support commitment from the National Lottery Community Fund INLCFI
for the next 3 years, but mindful that this was not an excuse lo rest on our laurels. As such we recruited 3 new
trustees, all very experienced in fundraising generally and in Norfolk in particular. As such we have formulated a
sustainable fundraising strategy which we hope will make us well placed to continue at the same level of service
when support from NLCF finishes al the end of2026.
There have been seismic changes to the funding model of young carers which has seen the work ￿ntralIsed.
Vve felt that it was important to continue lo run the group to support those unable to access the new service, but
our numbers and external funding for that have dropped considerably. However, we still maintain close links with
all the local schools lo ensure we are idenlifw.ng and helping vulnerable young people.
NLCF have funded our Resilient Together program which is the banner under which all our groups run, with the
exception of ACT. Our strategy remains continuously to assess young people's needs within our local
commLJnities and lo adapt our offering to meet these needs. As such we started a new group called SPace.
which aims to cater to those most al risk and unable lo access our other groups. Much of this work is on a 1=1
basis and although time consuming and labour intensive, it is already delivering enormous positive impact on the
lives of these young people.
During 2024 we have seen a small increase in the number of children and young people served. although this
has come from considerable change within certain groups. This is illustrated by the table below. We served a
total of 376 children and young people during the year, a 6°/0 increase over 2023. We believe that offering
positive, fun and challenging activities as an alternative lo the possibility of antisocial behaviour and safeguarding
issues at home or within the community is al the core of our mission.
Young people engaged wlth HYP
2024
Increase I
Decrease
2023
Junlor Hlve
Senior Hive
Young cafers
141
132
56
20
li
16
96
86
13
li
NIA
38
-35%
54
ACT
Men'sEroup
SPace
NIA
Total
376
354
In 2024, in addition to our standard timetsble we had 8 host of varied activities for our young people lo enjoy
during the school holidays. These included gardening and cookery sessions al the project as well as health and
fitness in our gym and residential trips which really act lo broaden the horizons of many of our youngsters. for
whom it might be the first trip away from home, out of the county and away from parents.
None of our activities would have been possible without the backing of our generous funders and donors, lo all of
whom we offer our heartfelt thanks.
Fundraising in 2024 was lower than in recent years. However. we are grateful lo our Patrons with whom we had
a brainstorming evening. which has kickslarted some new fundraising inilialives. With reduction in income from
some of our commissioned work, we have had lo meet the shortfall from our own reserves.
Page 3

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and perfomiance (continued)
The charity clothes shop on site, known as the Pavilion, is staffed by volunteers and continues to provide a
source of low cost or free clothes for families in need within our community. We are lucky lo be provided with a
constant supply of clothes (particularly children's clothes) from local donors. The online Vinted account (where
we sell the more designer items for a true market pricel now provides a meaningfLJI and regular source of
income
Financially, we currently remain in a strong position with free reserves in line with our target being sufficient to
maintain delivery of our work for a minimum of 9 months should the need dictate. Combined with an excellent
team of staff, volunteers and trustees around us. we are confident we can continue to offer a professional, caring
and SLJPPOrtive service to our community.
Financial review
a. Going concern
Al the year end, the balance sheet shows net assets of £627,00012023 - £656,279) and had cash reserves of
£401,347 12023 - £422,970). After making appropriate enquiries, the Trustees have a reasonable expectation
that the Company has adequate resources to continue in operational existence for the foreseeable future. For
this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details
regarding the adoption of the going concern basis can be found in the reserves policy and the accounting
policies.
b. Reserves policy
The total funds of the charity at 31 December 2024 were £627,00012023 £656,279) of which £77,94612023 -
£218,390) were restricted and not available for the general purpose of the charity. The unrestricted funds of the
charity totalled £549,054 {2023 £437,889) of which £404,256 12023 £260,756> are designated funds.
Designated funds are funds that the Trustees have earmarked for specific purposes. As al 31 December 2024.
the designated amount relates lo..
the tangible fixed assets of the charity, reftecting the fact that these funds could not be re8lised without
disposing of the assets.,
a donation of £50,000 from The Saracen TrLJSt which Trustees have eamarked as match funding for the
Resilient Together project funded by a grant frorn the National Lollery Community Fund,. and
an amount of £55,000 which the Trustees have decided lo rIng-fen￿ for the New Building Fund,
established to expand and renovate the Hub.
The Trustees have determined that the charity should prudently maintain free reserves of at least 9 month8,
unfunded operating costs li.e. not covered by committed funding). The free reserve balance of £144,798 is
considered satisfactory in this regard and miligales 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 lo mitigate exposure to the major risks. The risks and mitigating factors are reviewed on an annual basis.
Page 4

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
a. Constitution
Holt Youth Project Limited is registered as a charitable company limited by gu2ranlee and was set up by a
Memorandum of Association.
b. Methods of appointment orelection of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
temis of the Memorandum of Association.
¢. Organisational structure and decision-making policies
The Board of Trustees Idirectorsl Currently consists of 9 members, though there is no upper limit prescribed by
the Memorandum of Association. The Board appoints a chair and a t￿aSurer from among their number. There is
a finan￿ 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 lo 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 9 membÈrs12023.' 7 members).
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 year. Under company law,
the Trustees musl not approve the financial statements unless they are satisfied that they give a trLJe 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 slatemenls, the Trustees are required lo..
select suitable accounting policies and then apply them ¢onsislenUy',
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 followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concem basis unless il is inappropriate lo 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 al any lime the financial position of the Charity
and enable them to ensure that the financial slalemenls 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.
Page 5

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Approved by order of the members of the board of Trustees and signed on their behalf by..
Thomas Hum
Roger Unit
Date.. 12 August 2025
Page 6

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examlner's Report to the Trustees of Holt Youth Project Llmlted {'the Charlty'l
I report to the charity Trustees on my ex8minalion of the accounts of the Charity for the year ended 31
December 2024.
Responslbllltles and Basls of Report
As the Trustees of the Charity {and ils directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 20061.lhe 2006 Act'l.
H8ving 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 r9spect of my examination of the Charity's accounts
carried out under section 145 of the Charities Act 2011 lllhe 2011 Acl'l. In carrwng out my examination I have
followed the Directions given by th8 Charity Commission under section 145151{bl of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner musl be a member of a body listed in
section 145 of the 2011 Act. I confimi that l am qualified to undertake the examination because l am a member
of Inslilule of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no mattgrs have come lo my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of the Charity as required by section 386 of Ihg 2006 Act,. or
the accounts do not 8ccord with those records., or
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 Xrue and fairf view which is not a matter considered as part of
an independent examination., or
th8 accounts hav8 not begn prepared in accordanc8 with the mgthods and prin¢ipl8s of th8 Ststgm8nl of
Recommended Practice for accounting and reporting by charities applicable to chari118s preparing their
accounts in a¢wrdance with the Financial Reporting Standard applicablg in the UK and Republic of
Ireland {FRS 1021.
I h8ve no concems and have come across no other mallers in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
Page 7

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2024
This report is made solely lo the Charity's Trustees, as a body, in accordance with Part 4 of the Ch8rili8s
(Accounts and Reports) Regulations 2008. My work has been undert8ken so th8t I might slate lo the Ch8rills
Trustees those matters 18m required to stsle lo them in an Independent Examinevs Report and for no other
purpose. To the fullest extent permilled by law, I do not 8ccept or assumg responsibility to 8nyon8 Other th8n the
Charity and the Charills Trustees as a body, for my work or for this report.
Signed..
Dated.. 18 August 2025
Alice Lynch Bsc FCA DChA
MA Partners LLP
7 The Close
NonNich
Norfolk
NR14DJ
Page 8

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from-
Donations and legacies
Charitable activities
Other trading acts'vities
Investments
197,402
3.640
124,673
26.213
5.535
5,512
322,075
29.853
5.535
5,512
145,592
52,884
59,574
4,354
Total income
201.042
161.933
362.975
262,404
Expenditure on:
Charitable activities
Other expenditure
254,084
137,816
354
391,900
354
315,508
6,917
Total expenditure
254.084
138.170
392.254
322.425
Net lexpenditurollincome
Transfers between funds
153,042)
187.402)
23,763
87.402
129,279)
(60,027)
16
Net movement in funds
1140,444)
111,165
129,279)
(60,021)
Reconclllatlon of funds:
Total funds brought forward
Nel movement in funds
218,390
{140.444)
437,889
111.165
656,279
129,279)
[16,300
(60,021)
Total funds carrled forward
77,946
549,054
627,000
656,279
The Statement of Financial Activities includes all gains and losses re￿gnised in the year.
The notes on pages 12 to 32 form part of these financial statements.
Page 9

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
REGISTERED NUMBER: 06844711
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Fixed assets
Tangible assets
13
299,256
29T,567
299.256
297,561
Current assets
Debtors
14
22,919
401,347
25,962
422,970
Cash at bank and in hand
424,266
448,932
Current liabilities
Creditors: amounts falling due within one
year
15
{96,5221
(90,274)
Net current assets
327,744
358.718
Total net assets
627,000
656,2T9
Charlty funds
Restricted funds..
Restricted funds
16
77,946
218,390
Total reslricled funds
Unrestricted funds
16
77,946
218,390
Designated funds
General funds
16
16
404,256
144,798
260, 756
177, 133
Tol81 unrestricted funds
16
549,054
437,889
Total funds
627,000
656,279
Page 10

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
REGISTERED NUMBER: 06844711
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
The Charity was entilled to exemption from audit under section 477 of the Companies Acl 2006.
The members have not required the company lo obtain an audit for the year in question in accordance wilh
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirem8nts of the Act with respect to
accounting records and preparation of financial stalemenls.
The financial slalemenls have been prepared in accordance with the provisions applicable lo entities subject to
the small companies regime.
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
Roger Unlte
Thomas Hume
Date.. 12 August 2025
The notes on p8ges 12 to 32 fomi part of these financial statements.
Page11

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General Informatlon
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 Stslion Way Off Hempstead Road, Holl, Norfolk, NR25
6DH.
The charills principal activity is that of support for the local community.
Accountlng pollcles
2.1 Basis of preparation of financial statements
The financial stslemenls have been prepared in accordance with the Charities SORP IFRS 1021
Accounling and Reporting by Charities.. Stslemenl of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 {effe¢tive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Holl Youth Project Limited meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised al historical cost or transaction value unless otherwise staled in the
relevant a¢¢ounling policy.
2.2 Income
All income is recognised On￿ the Charity has enlitlemenl lo 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 Slalement of Financial Activities on a receivable basis. The balance of
income received for specifi¢ purposes but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is re￿iVed in advance of enlitlemenl of receipt, ils
recognition is deferred and included in Creditors as deferred income. Where entillemenl occurs
before income is received, the income is awrued.
Income tax recoverable in relation lo investment income is recognised al the time the investment
income is receivable.
2.3 Expenditure
Expendilure is recognised On￿ there is a legal or constnjctive obligation lo transfer economic benefit
to a third party, il is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charitys 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 nomially upon notificalion of the interest paid or payable by the
institution with whom the funds are deposited.
Page 12

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles Icontlnued)
2.5 Tanglble flxed assets and depreclallon
Tangible fixed assets costing £1,000 or more are c8pilalised and rgcognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed 8ssets are initially recognised at cost. After recognition, under the cost model, 18ngible
fixed assets are measured at cost less accumulated depreciation 8nd 8ny accumu18ted imp3irmenl
losses. All costs incurred lo bring a tangible fixed 8sset into ils intended working condition should be
included in the measurement of cost.
Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives, using the straight-line method.
Depreciation is provided on the following b8ses=
Freehold property
Equipment & fittings
Computer & website
2Q/o& 1DQ
2.6 Debtors
Trade and other dabtors 8re rec￿nISed 8t the s8111ement amount after any trade discount offered.
Prepayments are valued al the amount prepaid nel of any trade discounts due.
2.7 Cash al bank and In hand
Cash al bank and in hand includes ￿sh and short-term highly liquid inveslmgnts with a short malurily
of three months or less from the datg of acquisition or opening of the deposit or similar account.
2.8 Llabllltles
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
evgnt, il is probable that a transfer of economic benefit will be required in settlement, 8nd the amount
of the setuement can be eslim8ted reliably.
2.9 Flnanclal Instruments
The Charity only has financial 8ssels and financi81 liabilities of a kind that qualify as basic financial
instruments. B8sic financial instruments are initially recognised at transaction value and subsequently
measured al their selllement V81ue.
2.10 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts pay8ble by the Charity to the fund in respect of the year.
Page 13

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles Icontlnued)
2.11 Fund accountlng
General funds are unrestrict8d funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Ch8rily and which have not been designated for other
purposes.
D8sign8ted funds comprise unrestricted funds that have been sel aside by the Trustees for p8rticular
purposes. The aim 8nd use of each designated fund is sel out in the notes to the financial
statements.
Reslricled funds are funds which are to be used in 8ccord8nce with specific restrictions imposed by
donors or which have been rais9d 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 reslricled
fund is sel out in the nol8S to the financial stalemenls.
Investment income, gains and losses are allocated to the appropriate fund.
Page 14

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donatlons and legacles
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
Grants
41,500
155,9)2
124,673
166,173
155,902
108,507
37,085
Total 2024
197,402
124.673
322,075
145,592
Total 2023
52,385
93,207
145,592
Income from charitable activities
Rastrictad Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
General funds
Achieving Confidence Training
Resilient Together
1.926
24.287
1,926
24,287
3,640
7. 780
36,839
14,265
3,640
Total 2024
3,640
26.213
29,853
52.884
Total 2023
14,265
38,619
52,884
Page 15

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from olher tradlng actlvltles
Income from fundralslng events
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Car park
Hire of facilities
530
530
740
2,047
56,787
1.445
3.560
1,445
3,560
Events
Total 2024
5,535
5,535
59,574
Invastment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Inveslmenl income
5.512
5,512
4,354
Analysis of expenditure on charitable activities
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Total
2023
Achieving confiden￿ Training
Resilient Together
Other
72,372
162,281
19,431
27.975
109,841
100,347
272,122
19,431
76,329
225, 123
14,056
Total 2024
254,084
137.816
391,900
315,508
Total 2023
85,304
230,204
315,508
Page 16

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture on charltable actlvltles Icontlnued)
Summary by expendlture type
staff costs Depreciation Other costs
2024
2024
2024
Total
2024
Total
2023
Achieving Confidence Training
Resilient Together
Other
73,843
193,801
3,027
9,947
15,931
23,477
68,374
3,500
100,347
272,122
19.431
76,329
225, 123
14,056
Total 2024
267,644
28,905
95,351
391,900
315,508
Total 2023
206,501
24,097
84,910
315,508
Page 17

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Other expendlture
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Fundraising events
354
354
6,917
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Achieving Confidence Training
Resilient Together
Other
69,388
187,538
3,500
30.959
84.584
15,931
100,347
272,122
19,431
76.329
225, f23
14,056
Total 2024
260,426
131.474
391,900
315.508
Total 2023
219,584
95,924
315,508
Page 18

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture by actlvltles Icontlnuedl
Analysls of dlrect costs
Achieving
Confidence
Training
2024
Resilient
Together
2024
Tot81
funds
2024
Total
funds
2023
other
2024
Staff costs
53,622
139,361
192,983
163,990
Achieving Confidence Training
programme
Positive Choices programmg
Young Carers
Men's group
Minibus rental
7,381
7,381
9,186
15,382
9,795
10,344
3,559
4,273
1,745
7,g38
11,948
3,599
4,692
6,235
4,379
2,649
1,957
9,186
15,382
9,795
6,895
2,364
2,849
1,163
3,449
1,195
1,424
582
Motor
Printing, postage 8nd s18tionery
Telephone and broadband
Accountsncy, legal and
professional
Training
Food vouchers
1,735
1,735
543
3,500
3,979
718
1,500
543
3,500
Total 2024
69,388
187,538
3.500
260,426
219,584
Total 2023
58,683
159,401
1,500
219,584
Page 19

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture by actlvltles Icontlnuedl
Analysls of support costs
Achieving
Confidence
Training
2024
Resilient
Together
2024
Tot81
funds
2024
Total
funds
2023
other
2024
Staff costs
20,221
3,027
54,440
9,947
509
3,273
5,112
873
74,661
28,905
509
3,298
7,010
1,197
3,655
4,419
511
42,511
24,097
252
3,625
6,192
1,175
3,180
9,000
16
Depreciation
Hotels, travel and subsislgnc9
Office and computer
Light and heal
Rates
15.931
25
1,898
324
Insurance
Repairs and maintenance
Advertising and promotional
Accountancy, legal and
professional
990
905
2,665
3,514
511
3,569
3,740
7,309
5,876
Total 2024
30,959
84,584
15,931
131,474
95,924
Total 2023
17,646
65, 722
12,556
95, 924
10.
Independent examlner's remuneratlon
2024
2023
Fees payable to the Charity's independent examiner for the independent
examination of the Charills annual accounts
2,130
1,860
Page 20

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. Staff costs
2024
2023
Vvages and salaries
Social security costs
Contribution to defined contribution pension schemes
250,347
13,590
3,707
193, 785
9,683
3,033
267,644
206,507
The average number of persons employed by the Charity during the year was as follows..
2024
No.
2023
No.
Staff
15
12
No employee received remuneration amounting to more than £60,000 in either year.
12. Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023- £NILJ.
During the year ended 31 December 2024, no Trustee expenses have been incurred (2923- £NIL)-
Page 21

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Tanglble fixed assets
Freehold Fixtures and Computer &
property
fittings
website
Total
Cost or valuation
Al 1 January 2024
Additions
323,542
64,290
30,600
14,263
402,095
30,600
Al 31 December 2024
323,542
94,890
14,263
432.695
Depreclatlon
At 1 January 2024
Charge for the year
72,743
11,143
17,983
17,428
13,808
334
104,534
28,905
At 31 Decgmber 2024
83.886
35,411
14,142
133.439
Net book value
Al 31 December 2024
239,656
59,479
299,256
Al 37 December 2023
250, 799
46,307
455
297,567
14. Debtors
2024
2023
Due within one year
Trade debtors
1,950
6,101
14,868
788
Other debtors
Prepayments and accrued income
16,246
9,528
22,919
25,962
Page 22

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Credltor6'. Amounts falllng due wlthln one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
5,953
4,594
704
4,895
3,819
560
85,271
80,940
96,522
90,214
2024
2023
Deferred income at 1 JanLJary 2024
ReSoUr￿S deferred during the year
Amounts released from previous periods
74,050
76,633
{74,0501
74,050
76,633
74,050
Page 23

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of funds
Statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
Representing fixed assets
Representing funds allributed
by Trustees to Match Funding
Representing funds earmarked
by Trustees for the expansion
and renovation of the Hub
214,182
85,074
299,256
46.574
3,426
50.000
55,000
55.000
260,756
143,500
404,256
Representing fixed assets
These designated funds are equivalent to unrestricted fixed assets.
Representing funds attributed by Trustoes to Match Funding
The Trustees have designated funds donated by The Saracen Trust to match a grant from the National
Lollery Community Fund in 2025.
Represgnting funds earmarked by the Trustees for the expansion and renovation of the Hub
The Trusle2s have designated funds for the expansion and renovation of the Hub.
General funds
General Funds
177,133
161,933
1138,170)
{56.0981
144,798
Total Unrestrlcted funds
437.889
161,933
(138.170)
87,402
549.054
Page 24

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of funds Icontlnued)
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
Restricted funds
National Lottery
Voluntary Norfolk
Holiday Activity and Food
Programme
Th8 Alan Boswell Charity Trust
Norfolk Superhero 2022
Rollo Amistrong Fund
NCF - Victory HoLJsing Trust
Community Fund
Rotary Club Young Car8rs
Fund
Alan Boswell Group Charitable
Trust
148,100
3,640
1143.788)
{3.414)
4.312
226
2,500
2,000
109.707
7,802
{8,802)
1800)
163.349)
112.000)
11,5001
11.2001
46.358
12,000
1,940
1896)
11,0441
2,500
{2,500)
19.583
56,610
{5.000)
{6,660)
{14,5831
{49,9501
Crane Garden Buildings Funé
New Building Fund
Heat Pump Fund
NCF- Norfolk Household
Support Fund
Website Fund
24,500
24,500
22.500
{3.375)
{19,1251
3.550
{3.500)
50
2,500
2,500
218.390
201,042
1254.084)
{87,4021
77.946
Total of funds
656.279
362,975
1392.254)
627.000
Page 25

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of funds Icontlnued)
Natlonal Lottery Communlty Fund
This fund represents support for the Resilient Together programme.
Voluntary Norfolk
This fund relates to a Carers Matters grant for young cargrs.
Holiday Activity and Food Programme
This fund represents support for Resilient Together holiday aclivilies. A transfer out of the fund into the
designated fixed asset fund has been made during the year in respect of fixed assets purch8sed with
restricted funding for which the ongoing use of the assets within the charity is not restricted.
The Alan Boswell Charlty Trust
This fund relates to a grant for the purchase of bicycles. A transfer out of the fund into the designated
fixed asset fund has been made during the year in respect of fixed 8ssets purchased with r8slricted
funding for which the ongoing use of the assets within the charity is not restricted.
Norfolk Superhero 2022
This fund represents fundraising to support ACT Group.
Rollo Armstrong Fund
This fund supports ACT Group stsffing.
Slnclalr Fund
This fund represents sponsorship of ACT Group students.
NCF . Victory Housing Trust Community Fund
This fund relates to a grant for a bicycle shed. A transfer out of the fund into the designated fixed asset
fund has been made in respect of fixed ass91s purchased with restricted funding for which the ongoing
use of the assets within the ch8rity is not reslricled.
Rotary Club Young Carers Fund
This fund supports activities for young c8rers.
Alan Boswell Group Charitable Trust
This fund relates to a grant towards new kitchen. A transfer out of the fund into the designated fixed asset
fund has been made in respect of fixed ass91s purchased with restricted funding for which the ongoing
use of the assets within the charity is not reslricled.
Crane Garden Buildings Fund
This fund re18tes lo the Pavilion building. A transfer out of the fund into the designated fixed asset fund
has been made in respect of fixed assets purchased with restricted funding for which the ongoing use of
the assgls within the charity is not reslricled.
New Bulldlng Fund
This fund has been established to expand and renovate the Hub.
Holt Hall Fund
This fund supports outdoor activities for young people.
Page 26

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of funds Icontlnued)
Heat Pump Fund
This fund is set up to provide an air source heat pump for the Youth Hub. A Iransfer out of the fund into
the designated fixed asset fund has been made in respect of fixed assets purchased with restricted
funding for which the ongoing use of the assets within the charity is not restricted.
NCF - Norfolk Household Support Fund
This fund represents food vouchers lo familigs of Holl Youth Project students.
Website Fund
This fund supports building a new website.
Statement of funds - prlor year
Balance al
37
December
2023
Balance al
l January
2023
Ttsnsfers
in/out
Incomg Expenditur8
Unrestricted funds
Deslgnated funds
Representing fixed assets
Repres8nting funds allributed
by Trustees to Match Funding
211,497
(3,309)
214,182
46,574
46,574
217,491
43,265
260, 756
General funds
General Funds
261. 765
795,754
(237. 121)
(43,265)
177. 733
Total Unrestrlcted funds
479,256
195, 754
(237, 121)
431,889
Page 27

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of funds Icontlnued)
Balance al
31
December
2023
Balance al
f January
2023
TTrnsfers
in/out
Incomg Exp6nditur8
Restricted funds
Voluntary Norfolk
Holiday Activity and Food
Programme
The Alan Boswell Charity Trust
Norfolk Superhero 2022
Rollo Amistrong Fund
Sinclair Fund
NCF - Victory HoLJsing Trust
Community Fund
Alan Boswell Group Charitabl8
Trust
Crane Garden Buildings Fund
Holt Hall Fund
14,265
(14,265)
3,500
2,800
132,255
7,935
(8,935)
(800)
(22,923)
(12,000)
(10, 725)
2,500
2,000
109,707
375
12,000
2,925
7,800
2,836
(896)
1,940
24,583
63,270
(5,(100)
(6,660)
(1,600)
19,583
56,610
1,600
22,500
Heat Pump Fund
NCF- Norfolk Household
Support Fund
22,500
5,050
(1,500)
3,550
237,044
66,650
(85,304)
218,390
Total of funds
776,300
262,404
(322,425)
656,279
Page 28

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
17.
Summary of funds
Summary of funds- current year
Balance at
31
December
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
Designated funds
General funds
Restricted funds
260,756
177.133
218.390
143,500
{56,0981
{87,4021
404,256
144,798
77.946
161,933
201,042
1138,170)
1254.084)
656,279
362,975
1392,254)
627,000
Summary of funds- prior year
Balance al
31
December
2023
Balance al
l January
2023
Ttsnsfers
in/out
Income Expenditure
Designated fund5
General funds
21 1,491
261,765
237,044
43,265
(43,265)
260, 756
17T, 133
218,390
195, 754
66,650
(237, 127)
(85,304)
Restricted funds
716,300
262,404
(322,425)
656,279
Page 29

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Analysls of net assets between funds
Analysls of net assets between funds - current perlod
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
299,256
275,220
{25,422}
299,256
424,266
196,522}
149,046
171.1001
Total
77,946
549,054
627.000
Analysis of net assets between funds - prior period
Restricted Unrestrffcted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
83,379
209,067
(74,050)
214, 182
239,871
(76, 164)
291,561
448,932
(90,214)
Creditors due within one year
Total
218,390
437,889
656,279
Page 30

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
19. Acknowledgement of funders
The Trustees acknowledge with grateful thanks the contributions from all our donors and funders, in
particular..
Barratt and Cooke
Barratt Family Chari18ble Trust
B18k9ney Parish Council
Charles Littlewood Hill Trust
David Flux
Dunc8n Baker
Gresh8m's School
Holiday Activity and Food Programme
Holt and District Farmers Club
Holt Rotary Club
HR Greene Chari18ble Settlement
Jim Agnew Memorial Charity
Kip and Alison Bertram Ch8ri18ble Trust
Mr & Mrs Philip Rackham Chari18ble Trust
National Lottery Community Fund
Nigel Sykes-Thompson
Paul Bassham Charitsbla Trust
RC Snelling Charitable Trust
Red Socks Charitsble Trust
Saracen Trust
The John and Pamela S811er Charitable Trust
Trofeo Cars Limited
20.
Capital commitments
2024
2023
Contracted for but not provided in these financial statements
Acquisition of tangible fixed assgts
15,300
21.
Penslon commltments
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 lo the fund and amounted lo £3,707 (2023 - £3,033).
Contributions lolalling £704 (2023 - £560) were payable lo the fund al the balance sheet date and are
included in other creditors.
Page 31

HOLT YOUTH PROJECT LIMITED
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
22.
Operatlng lease commltments
Al 31 December 2024 the Charity had commitments lo make future minimum lease payments under non-
cancellable operating leases as follows..
2024
2023
Not later than 1 year
Later than 1 ygar and not later than 5 years
10,698
39,302
50,000
Tho following lease payments have been recognised as an expense in the Statement of Financial
Activities..
2024
2023
Operating lease rentals
4,570
23.
Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any
outstanding balan￿8 owing between related parties and the Charity al 31 December 2024.
Page 32