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2022-03-31-accounts

NORTHBOURNE STREET YOUTH INITIATIVE (A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2022

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 2022

Contents Page
Trustees annual report 1 to 6
Independent examiners report 7
Statement of Financial Activities (including 8
income and expenditure account)
Balance sheet 9
Notes to the financial statements 10 to 19

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2022

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 March 2022 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 October 2019)

Objectives and Activities

We are 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

Public Benefit Statement

The trustees/directors have paid due regard to the Charity Commission guidance on public benefit and are confident that the organisation’s aims, objectives and activities are in accordance with the guidance on public benefit.

Our activities and achievements as outlined demonstrate our commitment to ensuring that the organisation’s resources and activities maximise the potential benefit to our local community.

Achievements and Performance

As always Northbourne grows and develops each year, this year again is no exception. The organisation has seen various staff changes resulting in a new team, which is varied in skills and experience and enhanced by volunteer support. We have both experienced staff and some new to youth work, all of whom are using their Northbourne journey to develop and grow those essential skills needed to become youth workers and positively influence the lives of young people who come through our doors.

NYI like many organisations and people are in a period of recovery, COVID has left its mark both affecting the lives of young people and the community. This has resulted in both an increased demand; our numbers have doubled in some sessions and also in the huge changes in the patterns of funding which are available. Fundraising is a key focus of NYI to ensuring we are able to continue our work.

1

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2022

We have had many highlights this year as an organisation; they include raising the funds and securing grants to purchase a new minibus. We delivered one of our biggest summer programs to date as well as delivering 3 Duke of Edinburgh expeditions. A great achievement and credit to staff

Some of our achievements over the year:

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 £194,094 (2021: £100,256) of which £123,592 was restricted (2021: £47,484) and expenditure of £99,823 (2021: £86,314) of which £69,658 was restricted (2021: £64,750). There was an operating surplus of £94,271 (2021: £13,942) of which £53,934 was restricted (2021: a deficit of £18,443).

At 31 March 2022 the Charity had net assets of £190,262 (2021: £95,991) of which £77,918 was restricted (2021: £22,977).

Reserves policy/Going concern

The Trustees consider the level of reserves, £90,727 (2021: £69,962), 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 2022

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:

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 have spent some time this year looking at our Organisation and analysing the work we do, challenging our underpinning aims and how we can improve on our already successful program. We had support from a Consultant to help us work through this. All staff members, volunteers, Directors were involved in looking at things from a strategic point of view.

Here are some of our findings and our next step for 2022

Suggested Actions:

As always we feel confident we have delivered to those most in need, supported our closest community members and had a great time along the way building those essential positive relationships.

Funding as always 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 2022

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
Mark Giles Egner
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

4

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2022

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.

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:

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:

5

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2022

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 22.12.2022 and signed on their behalf by:

Brendon Hayward (Chair)

6

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 March 2022

I report on the financial statements of Northbourne Street Youth Initiative for the year ended 31 March 2022, which are set out on pages 8 to 19.

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:

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:

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: 22.12.2022

7

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT)

For the year ended 31 March 2022

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2022 2021
£ £ £ £
Income from:
Donations and legacies 6 2,084 - 2,084 1,320
Charitable activities
Grants and contracts 7 68,418 123,592 192,010 98,336
Other trading activities 8 - - - 600
Total income 70,502 123,592 194,094 100,256
Expenditure on:
Charitable activities
Operation of the charity 9 30,165 69,658 99,823 86,314
Total expenditure 30,165 69,658 99,823 86,314
Net income/(expenditure) 40,337 53,934 94,271 13,942
Transfers between funds ( 1,007 ) 1,007 - -
Net movement of funds 39,330 54,941 94,271 13,942
Reconciliation of funds
Total funds brought forward 73,014 22,977 95,991 82,049
Total funds carried forward 112,344 77,918 190,262 95,991
Notes
----- End of picture text -----

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 10 to 19 form an integral part of these accounts.

8

Charity Number 1139235 Company Number 07398880

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

BALANCE SHEET

As at 31 March 2022

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		 £
1,531
169,324
170,855
( 2,210 )		 Total
2022
£
21,617
21,617
168,645
190,262
112,344
77,918
190,262		 £
7,726
86,631
94,357
( 1,418 )		 Total
2021
£
3,052
3,052
92,939
95,991
73,014
22,977
95,991

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 10 to 19 form an integral part of these accounts.

These financial statements were approved by the Board on: 22.12.2022

and are signed on its behalf by: M Dilworth Treasurer

9

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

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 October 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Accounting Practice.

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 £112,344 . 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.

10

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

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 Minibus

Straight line over four years Straight line over five years

11

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

Analysis of income
6
Donations and legacies
7
Charitable activities
Income from grants
8
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
Ernest Cook
Football Foundation
LGA Foundation
Newcastle City Council
Sported Foundation
UK Youth
Community Foundation - Cooking online
The Ballinger Charitable Trust
Virgin Money
Donations and gifts
Other
Community Foundation - Covid 19
Keyfund
Arnold Clark
Sir James Knott
Bromley Grange
Community Foundation - Milburn
Anne Frank
Connected Voice - Covid-19
Streetgames
Neighbourly Foundation VMO 2 Together Fund
Community Foundation - Junior Activities		 Unrestricted
Funds
£
1,582
502
2,084
-
-
30,000
-
-
-
-
20,058
-
-
-
-
-
-
-
-
-
360
-
-
18,000
-
-
-
-
-
68,418
Unrestricted
Funds
£
-
-		 Restricted
Funds
£
-
-
-
5,545
1,000
-
435
-
-
450
9,942
-
-
-
17,000
-
1,700
500
-
-
-
13,332
1,000
-
-
27,868
3,128
15,000
26,692
123,592
Restricted
Funds
£
-
-		 Total
2022
£
1,582
502
2,084
5,545
1,000
30,000
435
-
-
450
30,000
-
-
-
17,000
-
1,700
500
-
-
360
13,332
1,000
18,000
-
27,868
3,128
15,000
26,692
192,010
Total
2022
£
-
-		 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

12

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

Income was £194,094 (2021: £100,256) of which £70,502 was unrestricted or designated (2021: £52,772) and £123,592 was restricted (2021: £47,484)

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		 Unrestricted
Funds
£
18,264
1,748
127
820
115
-
1,609
1,103
1,315
1,729
159
614
1,493
37
1,032
30,165		 Restricted
Funds
£
40,182
-
252
24,202
1,356
-
3,300
320
-
-
-
-
-
46
-
69,658		 Total
2022
£
58,446
1,748
379
25,022
1,471
-
4,909
1,423
1,315
1,729
159
614
1,493
83
1,032
99,823		 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

Expenditure on charitable activities was £99,823 (2021: £86,314) of which £30,165 was unrestricted or designated (2021: £21,564) and £69,658 was restricted (2021: £64,750)

10 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts
Other accountancy services paid to the examiner		 2022
£
1,032
614
1,646		 2021
£
1,032
850
1,882

13

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

11 Analysis of staff costs and the cost of key management personnel

Salaries and wages
Pension costs (defined contribution pension plan)		 2022
£
58,446
1,748
60,194		 2021
£
44,050
2,170
46,220

No employee received remuneration above £60,000 (2021: 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 £26,387 (2021: £22,268).

12 Staff numbers

The average monthly head count was 7 staff (2021: 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		 2022
Number
1.2
1.0
2.2		 2021
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 £1,748 (2021: £2,170). There was £146 outstanding as at 31 March 2022 (2021: £146)

14

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

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.

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
Cash at bank and in hand
Other debtors		 Minibus
£
-
20,058
-
20,058
SL
20%
-
88
-
88
-
19,970
2022
£
1,531
1,531
2022
£
5,694
101
162,441
1,088
169,324		 Office and
computer
equipment
£
6,834
-
-
6,834
SL
25%
3,782
1,405
-
5,187
3,052
1,647
2021
£
7,726
7,726
2021
£
5,694
101
79,984
852
86,631		 Total
£
6,834
20,058
-
26,892
3,782
1,493
-
5,275
3,052
21,617

15

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

19 Creditors and accruals (payable within 1 year)

Other accruals
Independent examination of accounts
Accruals		 2022
£
2,064
146
2,210		 2021
£
1,032
386
1,418

20 Events after the end of the reporting period

Due to the COVID-19 pandemic, it has put pressure on all businesses in 2021-22. 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 Unrestricted Funds

Analysis of movements in unresUnrestricted Funds As at 31 March 2022

Unrestricted funds
General unrestricted fund
Designated funds
Children in Need - Minibus
Contingency fund
Totals
As at 31 March 2021
Unrestricted funds
General unrestricted fund
Designated funds
Contingency fund
Totals		 Fund
balances
brought
forward
£
67,320
-
5,694
73,014
Fund
balances
brought
forward
£
34,935
5,694
40,629		 Incoming
resources
£
50,444
20,058
-
70,502
Incoming
resources
£
52,772
-
52,772		 Resources
expended
£
( 30,077 )
( 88 )
-
( 30,165 )
Resources
expended
£
( 21,564 )
-
( 21,564 )		 Transfers
£
( 1,007 )
-
-
( 1,007 )
Transfers
£
1,177
-
1,177		 Fund
balances
carried
forward
£
86,680
19,970
5,694
112,344
Fund
balances
carried
forward
£
67,320
5,694
73,014

Purpose of unrestricted funds

General unrestricted fund Children in Need - Minibus Designated fund - Contingency fund

The 'free reserves' of the charity Funds to purchase a new minibus. To cover any outstanding costs in the event of the organisation ceasing to operate.

16

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

Analysis of movement in restricted funds As at 31 March 2022

Restricted funds
Community Fund - Covid 19
North East Youth
The Award Scheme
Children in Need - Inters
provision
Virgin Money
Community Foundation - Junior
activities
Community Foundation - Milburn
Streetgames
Keyfund
Newcastle City Council
Football Foundation
Neighbourly Foundation VMO 2
Together Fund
Sported Foundation
Bromley Grange
Connected Voice - Covid 19
Arnold Clark
UK Youth
Totals		 Fund
balances
brought
forward
£
1,993
1,508
479
10,032
-
3,684
476
-
4,805
-
-
-
-
-
-
-
-
22,977		 Incoming
resources
£
17,000
450
-
9,942
26,692
-
-
13,332
5,545
27,868
500
1,000
3,128
435
1,700
1,000
15,000
123,592		 Resources
expended
£
( 18,993 )
( 1,930 )
-
( 20,981 )
-
( 3,684 )
( 476 )
( 12,549 )
( 5,745 )
( 3,294 )
( 270 )
-
( 745 )
-
( 991 )
-
-
( 69,658 )		 Transfers
£
-
-
-
1,007
-
-
-
-
-
-
-
-
-
-
-
-
-
1,007		 Fund
balances
carried
forward
£
-
28
479
-
26,692
-
-
783
4,605
24,574
230
1,000
2,383
435
709
1,000
15,000
77,918

As at 31 March 2021

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
Balance carried forward		 Fund
balances
brought
forward
£
32
-
-
1,667
736
-
10,930
8,494
6,924
28,783		 Incoming
resources
£
-
8,494
2,041
-
-
2,000
13,280
-
10,500
36,315		 Resources
expended
£
( 32 )
( 6,501 )
( 533 )
( 856 )
-
( 1,521 )
( 13,178 )
( 8,494 )
( 13,740 )
( 44,855 )		 Transfers
£
-
-
-
( 811 )
( 736 )
-
( 1,000 )
-
-
( 2,547 )		 Fund
balances
carried
forward
£
-
1,993
1,508
-
-
479
10,032
-
3,684
17,696

17

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

As at 31 March 2021 (Cntinued)
Balance brought forward
Community Foundation - Milburn
Youth Music
Streetgames
Keyfund
Totals		 28,783
-
10,818
-
1,819
41,420		 36,315
1,250
-
4,419
5,500
47,484		 ( 44,855 )
( 774 )
( 10,818 )
( 4,419 )
( 3,884 )
( 64,750 )		 ( 2,547 )
-
-
-
1,370
( 1,177 )		 17,696
476
-
-
4,805
22,977

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 Newcastle City Council Football Foundation Neighbourly Foundation VMO 2 Together Fund Sported Foundation Bromley Grange Connected Voice Covid 19 Arnold Clark UK Youth

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. Funds to cover Community Work. Funds to cover pitch fees and staffing costs. Funds to cover costs of salaries and activities.

Funds to cover pitch fees and staffing costs.

Funds to cover holiday activities. Funds to cover the costs related to Covid 19. Funds to cover Community Work. Funds to cover activity costs.

Transfers between funds as at 31 March 2022

Between unrestricted and
restricted funds
Reason for transfer
Children in Need - misallocated costs.		 Amount
£
1,007

18

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2022

Transfers between funds as at 31 March 2021
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 2022, the charity had no capital commitments (2021 -£nil)

23 Analysis of net assets between funds

Other net current assets/(liabilities)
Cash at bank and in hand
Tangible fixed assets		 Unrestricted
Funds
£
21,617
91,406
( 679 )
112,344		 Restricted
Funds
£
-
77,918
-
77,918		 Total
2022
£
21,617
169,324
( 679 )
190,262		 Total
2021
£
3,052
86,631
6,308
95,991

19