**NORTHBOURNE STREET YOUTH INITIATIVE** (A company limited by guarantee)
**REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2021**
**Charity Number 1139235 Company Number 07398880**
**NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
For the year ended 31 March 2021
|**Contents**|**Page**|
|---|---|
|Trustees annual report|1 to 5|
|Independent examiners report|6|
|Statement of Financial Activities (including|7|
|income and expenditure account)||
|Balance sheet|8|
|Notes to the financial statements|9 to 16|
**NORTHBOURNE STREET YOUTH INITIATIVE** (A company limited by guarantee)
## **TRUSTEE ANNUAL REPORT (including Director’s report)**
For the year ended 31 March 2021
The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 March 2021 which are also prepared to meet the requirements for a trustees’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)
## **Objectives and Activities**
We're here to provide activities for achievement and to better the lives of those who work with us. To support and educate children and young people without distinction of sex, sexual orientation, race or of political, religious or other opinions, through leisure time activities so to develop their physical, mental and spiritual capacities so that they may grow to full maturity as individuals and members of society and to enable their conditions of life to be improved
- The Duke of Edinburgh’s Award
- Junior Provision 8-12 years
- Inter Provision 11-14 years
- Senior Drop ins 13-19 years
- Community Development & Engagement
- Cooking & Life Skills
- AQA Unit Award Scheme
- Football Development Junior/Senior
- Key Projects
- Social Action programs
- Youth led funding
- Life Skills
- Volunteer program
- Health & Wellness work
## **Achievements and Performance**
The writing of the Director’s Report each year is a tremendous opportunity to intentionally disconnect oneself from the project and admire our achievements of the past twelve months, dutifully informing our goals and aspirations for the coming year. I am so proud to say that we continually achieve, inspired by our wonderful team of staff, volunteers and other supporters. Building on the success of last year’s adjustments for Covid restrictions, we have succeeded in operating in the most extraordinary of circumstances, fulfilling our mission statement to consistently be ‘ _supporting young people’s development through activity and achievement’_ by enjoying the absence of restrictions (whilst adhering strictly to guidance and safety protocol) and filling a calendar year with huge ambition and, most importantly, outcomes for our young people and community.
Some of our greatest achievements this year include the completion of a Gold Duke of Edinburgh’s expedition in November of 2020. Seemingly such a long time ago, this enormous undertaking and its subsequent success is a credit to the commitment of our young people who have worked tirelessly to achieve this part of their award, as well as the drive of our staff to make it happen. Perhaps more impressive still, and certainly more widespread, was the delivery of 1,000 wellness packages delivered to residents across the city in the winter of last year, providing much needed relief and support to vulnerable members of the citywide community. It fills me with immense pride to be part of an organisation that celebrates and champions both personal achievement and contribution to wider social issues, particularly in the face of what can undoubtedly be considered adverse circumstances. I cannot compliment our staff and young people enough.
1
**NORTHBOURNE STREET YOUTH INITIATIVE** (A company limited by guarantee)
**TRUSTEE ANNUAL REPORT (including Director’s report)** For the year ended 31 March 2021
In the spirit of recognising achievements, it is most appropriate to point out some of the figures I am perhaps most proud of this year. Twenty-eight socially distanced cooking sessions were provided for young people and their families in the month of February alone, the Easter programme saw twelve sessions delivered to sixty four young people, and a further sixty four activities were delivered to a frankly unbelievable ninety young people as part of our summer programme – simply astonishing.
It is not complacency, but appreciation for the talents of our people that I have almost come to expect the successes we seem to enjoy year on year. Rachel, our manager, is unfaltering in her ability to provide enriching and worthwhile experiences for our young people and their families. She is supported well by Clive, enjoying his second year with us, and by Hollie and Jennie, who we were very pleased to appoint this year. They are wonderful members of the team and have hit the ground running, popular among their colleagues and community alike, creating and augmenting positive relationships and demonstrating consistent effectiveness in their roles.
Working for Northbourne in the capacity that I am privileged to and playing what is an incredibly small role in this wonderful organisation continues to be a source of great pride for me. I believe entirely that we are immeasurably good at what we do and serve our community to the best of our ability in an industry faced with countless challenges, be they financial, regulatory, or otherwise. What is not a challenge, though, is serving a fantastic community and working alongside a dedicated and capable team. I am most grateful to all of you, and, as ever, give my utmost thanks.
Some of our achievements over the year:
Number of attendances 2128 Number of individual young people engaged 136 Number of young people engaged in DofE 40 Number of DofE awards completed 16 Number of community sessions delivered 22 Number of sessions delivered per week 10 ( 3 junior, 2 inters, 3 seniors & 2 Community) Number of young volunteers engaged 6 Number of adult volunteers engaged 2 Number of holiday opportunities offered 120 Number of new young people signed up 43
## **Financial review**
## **Review of the year**
The results for the year and the company's financial position at the end of the year are shown in the attached financial statements.
During the year the Charity had income of £100,256 (2020: £94,208) of which £47,484 was restricted (2020: £52,532) and expenditure of £86,314 (2020: £93,284) of which £64,750 was restricted (2020: £75,371). There was an operating surplus of £13,942 (2020: £923) of which £18,443 was a restricted deficit (2020: £26,089 deficit).
At 31 March 2021 the Charity had net assets of £95,991 (2020: £82,049) of which £22,977 was restricted (2020: £41,420).
## **Reserves policy/Going concern**
The Trustees consider the level of reserves, £69,962 (2020: £38,172), prudent for the Charity at this time taking into account potential liabilities in the event that the charity ceased. Our Reserves Policy is reviewed regularly, and at least annually.
2
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **TRUSTEE ANNUAL REPORT (including Director’s report)**
For the year ended 31 March 2021
## **Risk Management**
The Board is responsible for the management of the risks to which the Charity is exposed. A risk register is produced which considers financial, governance and delivery risks.
For each risk, the register identifies:
- Initial risk assessment in terms of impact and likelihood
- Initial risk rating
- Counter measures
- Responsibility / ownership
- Timescale
- Amended risk assessment in terms of impact and likelihood
- Amended risk rating
The Board reviews the risk register throughout the year. Through the counter measures put in place in the risk register and the regular reviews and updates, the Board is satisfied that the major risks identified have been adequately mitigated. It is recognised that this approach can only provide reasonable but not absolute assurance that major risks have been adequately managed.
## **Plans for future periods**
We've made adjustments and changed some focus of our sessions and we are now delivering post COVID recovery where necessary, tackling the issues which have come from the chaotic 12 months we have lived though. Our focus remains on the achievement of young people but we have also further expanded our support in the wider community and we are making great progress with local families supporting them to also achieve but to grow as a community and support each other. Whilst we have focused on remaining safe and keeping those safe we work with we have been able to establish new programs of support which we will continue to develop moving forward this year. Our community work continues to grow and we have responded well to this. We have also seen an influx in the number of young people accessing our provision this year and we are adapting our sessions to reflect this, we are looking to further grow our DofE provision and focus on supporting staff to upskill and increase their personal experiences.
We are proud to say we have been there for people at a time which has mattered the most to them and we will continue to serve the young people, families and community in ways they tell us they need.
Funding remains a priority, and we will work hard to ensure we are able to sustain delivery, by strengthening our board of directors and also continuing to raise our profile both within the community and within the sector.
3
**NORTHBOURNE STREET YOUTH INITIATIVE** (A company limited by guarantee)
**TRUSTEE ANNUAL REPORT (including Director’s report)** For the year ended 31 March 2021
**Reference and administrative details of the charity, its trustees and advisors**
**Registered charity name** Northbourne Street Youth Initiative **Charity number** 1139235 **Company registration number** 07398880 **Registered office** 105 James Street Elswick Newcastle upon Tyne NE4 7RP **Trustees and Members of the Board** Brendon Hayward Martin Dilworth Steven Carney David Mantalios Thompson Charlotte Branch Mark Giles Egner Shanice Hildrew **Chief Executive and Senior staff members** Rachel Martin – Youth Initiative Manager **Independent Examiner** Doug Maltman FMAAT Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF **Bankers** Barclays Bank **Solicitors** Ward Hadaway
## **Structure, governance and management**
## **Governing Document**
The organisation is a Charitable Company Limited by Guarantee. The Company was established under a Memorandum of Association, which established the objects and powers of the Charitable Company and is governed under its Articles of Association. In the event of a winding up any member (who is a director) undertakes to contribute to the payment of liabilities, such amount as may be required not exceeding the total of £1.
## **Recruitment and Appointment of the Board**
The Directors of the Company are also Trustees for the purposes of charity law and under the company's Articles are also its members. Under the requirements of the Memorandum and Articles of Association, at the Annual General Meeting one-third of the Directors, who are subject to retirement by rotation, shall retire. Retiring Directors can be re-appointed at the Annual General Meeting.
Trustees are selected on the basis of specialist skills and commitment to the objectives and aims of the organisation.
4
(A company limited by guarantee)
## **NORTHBOURNE STREET YOUTH INITIATIVE**
## **TRUSTEE ANNUAL REPORT (including Director’s report)**
For the year ended 31 March 2021
## **Board Induction and Training**
New Board Members are introduced to the work of the organisation and informed of their legal roles and responsibilities at an induction meeting. The induction and training programme for new Board Members includes:
A briefing by the Chair or Chief Executive
An explanation of roles and responsibilities as a Board Member
Copies of the main company documents including the Memorandum and Articles of Association and the Financial Statements
Copy of the business plan and most recent evaluation report Copies of recent board papers including budgets and management accounts A copy of the Charity Commission publication "How to be an Effective Trustee" A copy of the governance structure.
## **Statement of Trustee Responsibilities**
The trustees, who are also directors for the purposes of company law, are responsible for preparing the Trustees’ Annual 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, which give a true and fair view of the state of affairs of the charitable company and of incoming resources and application of resources, including the income and expenditure of the charitable company for that year. In preparing those financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board on 26.01.2022 and signed on their behalf by:
Brendon Hayward (Chair)
5
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
For the year ended 31 March 2021
I report on the financial statements of Northbourne Street Youth Initiative for the year ended 31 March 2021, which are set out on pages 7 to 16.
## **Respective responsibilities of trustees and examiner**
The charity's trustees (who are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent
examination, it is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Doug Maltman FMAAT Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF
Date: 26.01.2022
6
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **STATEMENT OF FINANCIAL ACTIVITIES**
(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT)
For the year ended 31 March 2021
|6
7
Other trading activities
8
**Expenditure on:**
9
**_Total funds carried forward_**
**Reconciliation of funds**
Total funds brought forward
Notes
**_Total income_**
Donations and legacies
**Income from:**
Charitable activities
Grants and contracts
Operation of the charity
**_Total expenditure_**
**_Net income/(expenditure)_**
Transfers between funds
**_Net income/(expenditure) and net_**
**_movement of funds_**
Charitable activities|Unrestricted
Funds
£
1,320
50,852
600
52,772
21,564
21,564
31,208
1,177
32,385
40,629
73,014|Restricted
Funds
£
-
47,484
-
47,484
64,750
64,750
( 17,266 )
( 1,177 )
( 18,443 )
41,420
22,977|**Total**
**2021**
**£**
**1,320**
**98,336**
**600**
**100,256**
**86,314**
**86,314**
**13,942**
**-**
**13,942**
**82,049**
**95,991**|Total
2020
£|
|---|---|---|---|---|
|||||962
93,246
-|
|||||94,208|
|||||93,284|
|||||93,284|
|||||924
-|
|||||924
81,125|
|||||82,049|
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
The notes on pages 9 to 16 form an integral part of these accounts.
7
Charity Number 1139235 Company Number 07398880
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **BALANCE SHEET**
As at 31 March 2021
|**Fixed assets**
Tangible assets
16
**_Total fixed assets_**
**Current assets**
Debtors
17
Cash at bank and in hand
18
**_Total current assets_**
**Creditors:**amounts falling due within
one year
19
**_Net current assets_**
**_Total net assets or liabilities_**
**Funds of the charity**
Unrestricted income funds
Restricted income funds
**_Total funds_**
Notes|**£**
7,726
86,631
**94,357**
**( 1,418 )**|**Total**
**2021**
**£**
3,052
**3,052**
**92,939**
**95,991**
73,014
22,977
**95,991**|**£**
484
81,104
**81,588**
**( 1,996 )**|**Total**
**2020**
**£**|
|---|---|---|---|---|
|||||2,457|
|||||**2,457**
**79,592**|
|||||**82,049**|
|||||40,629
41,420|
|||||**82,049**|
The company was entitled to an exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with the respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The notes on pages 9 to 16 form an integral part of these accounts.
These financial statements were approved by the Board on:
26.01.2022
and are signed on its behalf by: M Dilworth Treasurer
8
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## 1 **Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## 2 **Basis of accounting**
## 2.1 **Basis of preparation**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Northbourne Street Youth Initiative meets the definition of a public benefit entity under FRS 102.
## 2.2 **Preparation of the accounts on a going concern basis**
The charity reported total unrestricted funds at the year end of £73,014 . The trustees are of the view that the immediate future of the charity is secure and that on this basis the charity is a going concern.
Due to the COVID-19 pandemic, it has put pressure on all businesses in 2020-21. It should be noted that the creditors are being paid when the payments are falling due. No other significant events affecting the Company since the year end.
## 3 **Income**
## 3.1 **Recognition of income**
Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability
## 3.2 **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.
## 3.3 **Grants and donations**
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.
9
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## 3.4 **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the
## 4 **Expenditure and liabilities**
## 4.1 **Liability recognition**
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## 4.2 **Charitable activities**
Expenditure on charitable activities includes the costs of work and other activities undertaken to further the purposes of the charity and their associated support costs.
## 4.3 **Governance and support costs**
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
## 4.4 **Irrecoverable VAT**
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## 4.5 **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## 5 **Assets**
## 5.1 **Tangible fixed assets for use by the charity**
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis, the charity does not currently have any tangible fixed
Office and computer equipment
Straight line over four years
10
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## **Analysis of income**
|6
7
8|**Donations and legacies**
**Charitable activities**
Income from grants
**Other trading activities**
The Award Scheme
REM
North East Youth
Children in Need - Inters provision
National lottery Fund
National Lottery Fund - Cooking online
Sale of technics
Youth Music
Community Foundation - Holiday Program
Community Foundation - Cooking online
The Ballinger Charitable Trust
LGA Foundation
Donations and gifts
Other
Community Foundation - Covid 19
Keyfund
Tynexe
Sir James Knott
Ryehill - D of E
Community Foundation - Milburn
Anne Frank
Bellway
Streetgames
Variety Club
Community Foundation - Junior Activities|Unrestricted
Funds
£
-
1,320
1,320
-
-
-
-
-
12,500
-
-
5,244
10,000
1,500
3,050
3,558
-
-
-
-
-
-
-
-
15,000
50,852
Unrestricted
Funds
£
600
600|Restricted
Funds
£
-
-
-
5,500
-
-
-
2,000
-
2,041
13,280
-
-
-
8,494
-
-
-
10,500
1,250
-
4,419
-
-
-
47,484
Restricted
Funds
£
-
-|**Total**
**2021**
**£**
**-**
**1,320**
**1,320**
**5,500**
**-**
**-**
**-**
**2,000**
**12,500**
**2,041**
**13,280**
**5,244**
**10,000**
**1,500**
**11,544**
**3,558**
**-**
**-**
**10,500**
**1,250**
**-**
**4,419**
**-**
**-**
**15,000**
**98,336**
**Total**
**2021**
**£**
**600**
**600**|Total
2020
£|
|---|---|---|---|---|---|
||||||962
-|
||||||962|
||||||7,851
5,000
15,000
100
-
-
-
9,930
-
-
-
-
1,186
500
600
7,500
-
15,725
8,640
500
5,714
15,000|
||||||93,246|
||||||Total
2020
£|
||||||-|
||||||-|
Income was £100,256 (2020: £94,208) of which £52,772 was unrestricted or designated (2020: £41,676) and £47,484 was restricted (2020: £52,532)
11
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## **Analysis of expenditure on charitable activities**
|9|**_Charitable activities_**
Direct costs
Support costs
Governance costs
Salaries
Pension costs
Travel
Office costs
Premises
Insurance
Activity costs
Legal and professional fees
Licences
Independent examiner's fees for reporting on
the accounts
Payroll fees
Depreciation
Minibus costs
Grants returned
Other expenses
Membership fees|Unrestricted
Funds
£
6,983
2,170
149
5,557
1,056
-
54
719
896
-
660
850
1,405
-
34
1,032
21,564|Restricted
Funds
£
37,067
-
430
21,025
-
1,133
1,414
982
296
1,322
1,080
-
-
-
-
-
64,750|**Total**
**2021**
**£**
**44,050**
**2,170**
**579**
**26,582**
**1,056**
**1,133**
**1,468**
**1,701**
**1,192**
**1,322**
**1,740**
**850**
**1,405**
**-**
**34**
**1,032**
**86,314**|Total
2020
£|
|---|---|---|---|---|---|
||||||49,626
2,998
511
22,503
2,757
1,314
941
3,699
1,106
3,341
790
836
1,232
400
198
1,032|
||||||93,284|
Expenditure on charitable activities was £86,314 (2020: £99,194) of which £21,564 was unrestricted or designated (2020: £20,573) and £64,750 was restricted (2020: £78,621)
## 10 **Fees for examination of the accounts**
|Other accountancy services paid to the examiner
Independent examiner's fees for reporting on the accounts|**2021**
**£**
**1,032**
**850**
**1,882**|2020
£|
|---|---|---|
|||1,032
836|
|||1,868|
12
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## 11 **Analysis of staff costs and the cost of key management personnel**
|Salaries and wages
Pension costs (defined contribution pension plan)|**2021**
**£**
**44,050**
**2,170**
**46,220**|2020
£|
|---|---|---|
|||49,626
2,998|
|||52,624|
No employee received remuneration above £60,000 (2020: nil)
The key management personnel of the charity, comprise the Board and the Youth Initiative Manager . The total employee benefits of the key management personnel of the charity were £22,268 (2020: £24,371).
## 12 **Staff numbers**
The average monthly head count was 5 staff (2020: 5 staff) and the average monthly number of full-time equivalent employees during the year were as follows:
|Charitable activities
The parts of the charity in which the employee's work
Governance|**2021**
**Number**
**1.0**
**1.0**
**2.0**|2020
Number|
|---|---|---|
|||1.0
1.0|
|||2.0|
## 13 **Transactions with trustees**
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
## **Trustees' expenses**
No trustee expenses have been incurred in the year.
## **Transaction(s) with related parties**
There have been no related party transactions in the reporting period.
## 14 **Defined contribution pension scheme**
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 employer's pension costs represent contributions payable by the charity to the fund and amount to £2,170 (2020: £2,998). There was £146 outstanding as at 31 March 2021 (2020: £213)
## 15 **Corporation Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
13
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
|16 **Tangible fixed assets**
**Cost**
Balance brought forward
Additions
Disposals
**Balance carried forward**
**Depreciation**
Basis
Rate
Balance brought forward
Depreciation charge for year
Disposals
**Balance carried forward**
**Net book value**
**Brought forward**
**Carried forward**
17 **Debtors and prepayments (receivable within 1 year)**
18
Cash at bank - Northern Rock
Short term deposits
Cash at bank
Cash in hand
19
**Cash at bank and in hand**
Other accruals
Independent examination of accounts
Accruals
Outstanding staff holiday leave
**Creditors and accruals (payable within 1 year)**
Other debtors|**2021**
**£**
**7,726**
**7,726**
**2021**
**£**
**5,694**
**101**
**79,984**
**852**
**86,631**
**2021**
**£**
**-**
**1,032**
**386**
**1,418**|**Office and**
**computer**
**equipment**
**£**
4,834
2,000
-
6,834
SL
25%
2,377
1,405
-
3,782
2,457
3,052
2020
£
484
484
2020
£
5,694
101
74,102
1,207
81,104
2020
£
470
1,032
494
1,996|**Total**
**£**|
|---|---|---|---|
||||**4,834**
**2,000**
**-**|
||||**6,834**|
||||**2,377**
**1,405**
**-**|
||||**3,782**|
|||||
||||**2,457**|
|||||
||||**3,052**|
|||||
14
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## 20 **Events after the end of the reporting period**
Due to the COVID-19 pandemic, it has put pressure on all businesses in 2020-21. It should be noted that the creditors are being paid when the payments are falling due. No other significant events affecting the Company since the year end.
## 21 **Analysis of charitable funds**
## **Analysis of movements in unrestricted funds**
|**Unrestricted funds**
General unrestricted fund
Designated funds
Contingency fund
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
34,935
5,694
40,629|**Incoming**
**resources**
£
52,772
-
52,772|**Resources**
**expended**
£
( 21,564 )
-
(21,564)|**Transfers**
£
1,177
-
1,177|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|
||||||**67,320**
**5,694**|
||||||**73,014**|
## **Purpose of unrestricted funds**
General unrestricted fund The 'free reserves' of the charity Designated fund - Contingency To cover any outstanding costs in the event of the organisation ceasing fund to operate.
## **Analysis of movement in restricted funds**
|**Restricted funds**
Peter Harrison Foundation -
Football engagement program
Community Fund - Covid 19
North East Youth
Community Foundation -
Database
Leeds Building Society - Tablets
The Award Scheme
Children in Need - Inters
provision
Virgin Money
Community Foundation - Junior
activities
Community Foundation - Milburn
Youth Music
Streetgames
Keyfund
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
32
-
-
1,667
736
-
10,930
8,494
6,924
-
10,818
-
1,819
41,420|**Incoming**
**resources**
£
-
8,494
2,041
-
-
2,000
13,280
-
10,500
1,250
-
4,419
5,500
47,484|**Resources**
**expended**
£
( 32 )
( 6,501 )
( 533 )
( 856 )
-
( 1,521 )
( 13,178 )
( 8,494 )
( 13,740 )
( 774 )
( 10,818 )
( 4,419 )
( 3,884 )
(64,750)|**Transfers**
£
-
-
-
( 811 )
( 736 )
-
( 1,000 )
-
-
-
-
-
1,370
(1,177)|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|
||||||**-**
**1,993**
**1,508**
**-**
**-**
**479**
**10,032**
**-**
**3,684**
**476**
**-**
**-**
**4,805**|
||||||**22,977**|
15
## **NORTHBOURNE STREET YOUTH INITIATIVE**
(A company limited by guarantee)
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 March 2021
## **Purpose of restricted funds**
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
Peter Harrison Foundation - Football engagement program Community Fund - Covid 19 North East Youth Community Foundation - Database Leeds Building Society - Tablets The Award Scheme Children In Need - Inters provision Virgin Money - Project development Anne frank Community Foundation - Junior activities Community Foundation - Milburn Youth Music Streetgames Keyfund
Football engagement program.
Funds to cover the costs related to Covid 19. Refurbishment and furnishings for the DJ room. Purchase of a database called Upshot for three years and to fund licence and training. Funds to purchase tablets. Duke of Edinburgh equipment. Funds to cover costs of salaries
A social action idea development, staff and resources.
Funds to cover costs of salaries and activities. Funds to cover activity costs
Funds to cover costs of salaries and activities. Funds for equipment and activities Funds to cover salaries Funds to cover costs of activities.
## **Transfers between funds**
|**Transfers between funds**||
|---|---|
|Between unrestricted and
restricted funds
Between unrestricted and
restricted funds
Between unrestricted and
restricted funds
Between unrestricted and
restricted funds
Community Foundation Database misallocated costs.
Keyfund misallocated funds.
Leeds Building Society - tablets misallocated costs.
Children in Need - misallocated costs.
**Reason for transfer**|**Amount**
**£**|
||**811**
**736**
**1,000**
**1,370**|
## 22 **Capital commitments**
As at 31 March 2021, the charity had no capital commitments (2020 -£nil)
## 23 **Analysis of net assets between funds**
|Other net current assets/(liabilities)
Cash at bank and in hand
Tangible fixed assets|Unrestricted
Funds
£
3,052
63,654
6,308
73,014|Restricted
Funds
£
-
22,977
-
22,977|**Total**
**2021**
**£**
**3,052**
**86,631**
**6,308**
**95,991**|Total
2020
£|
|---|---|---|---|---|
|||||2,458
81,103
( 1,512 )|
|||||82,049|
16