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← Northbourne Street Youth Initiative

2024-03-31-accounts

NORTHBOURNE STREET YOUTH INITIATIVE (A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2024

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 2024

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 18

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2024

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 March 2024 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 2022, 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, our activities include but are not limited to:

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 we wrap up another fantastic year at Northbourne, it’s humbling to reflect on the progress, dedication, and growth that have shaped 2024. Our approach is always to listen to our young people, valuing their voices and putting their ideas into action wherever we can.

1

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2024

This commitment has helped us connect with even more members this year—we’re thrilled to welcome 72 new members to our Northbourne community!

In 2024, we saw some changes in our team. We bid farewell to Clive, who has moved on to an exciting new opportunity, and we welcomed Tilia. Our existing staff, Jennie and Elliott & Pauline, continue to bring enthusiasm and energy, keeping the Northbourne spirit strong. A special thankyou goes to Tasha, who generously volunteers her time every week to support our junior sessions— her commitment makes such a difference.

One of my personal highlights this year has been the Junior cooking sessions. Watching the children grow in skill and confidence with every recipe has been so rewarding. Seeing their growth and sense of accomplishment reminds us why we do what we do. As well as seeing some of our Seniors move onto some amazing opportunities such as further education and apprenticeships. Lots of success to be celebrated.

In 2025 Northbourne is celebrating its 25th year as a charity supporting development of children and young people so I am excited to lead the team and see what else we can achieve.

Some of our highlights 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 £134,246 (2023: £109,499) of which £119,271 was restricted (2023: £105,634) and expenditure of £161,043 (2023: £155,025) of which £144,048 was restricted (2023: £105,925). There was an operating deficit of £26,797 (2023: £45,526 deficit).

At 31 March 2024 the Charity had net assets of £117,939 (2023: £144,736) of which £37,850 was restricted (2023: £77,627).

Reserves policy/Going concern

The Trustees consider the level of reserves, £80,089 (2023: £67,109), 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 2024

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 are keen to continue our user led ethos across the work which we deliver, we are committed to asking young people and community members what they wish to see in the coming year. Many have feedback to workers and have asked more issue-based learning around topics effecting choices made by young people, our community members are keen to explore future progressions in terms of employment or education.

3

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2024

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
Mark Giles Egner
Chief Executive and Senior staff members Rachel Craig – Youth Initiative Manager
Independent Examiner Doug Maltman FMAAT
Connected Voice Business Services Ltd
One Strawberry Lane
Newcastle upon Tyne
NE1 4BX
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 2024

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:

5

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2024

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:

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 24.01.2025 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 2024

I report on the financial statements of Northbourne Street Youth Initiative for the year ended 31 March 2024, which are set out on pages 8 to 18.

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 2022 ("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 Fellow of the Association of Accountancy Technicians Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne NE1 4BX

Date: 27.01.2025

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 2024

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2024 2023
£ £ £ £
Income from:
Donations and legacies 6 2,975 - 2,975 3,865
Charitable activities
Grants and contracts 7 12,000 119,271 131,271 105,634
Total income 14,975 119,271 134,246 109,499
Expenditure on:
Charitable activities
Operation of the charity 8 16,995 144,048 161,043 155,025
Total expenditure 16,995 144,048 161,043 155,025
Net income/(expenditure) ( 2,020 ) ( 24,777 ) ( 26,797 ) ( 45,526 )
Transfers between funds 15,000 ( 15,000 ) - -
Net movement of funds 12,980 ( 39,777 ) ( 26,797 ) ( 45,526 )
Reconciliation of funds
Total funds brought forward 67,109 77,627 144,736 190,262
Total funds carried forward 80,089 37,850 117,939 144,736
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 18 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 2024

Fixed assets
Tangible assets
15
Total fixed assets
Current assets
Cash at bank and in hand
16
Total current assets
Creditors:amounts falling due within
one year
17
Net current assets
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Restricted income funds
Total funds
Notes		 £
97,438
97,438
( 4,679 )		 Total
2024
£
25,180
25,180
92,759
117,939
80,089
37,850
117,939		 £
118,135
118,135
( 6,904 )		 Total
2023
£
33,505
33,505
111,231
144,736
67,109
77,627
144,736

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 18 form an integral part of these accounts.

These financial statements were approved by the Board on:

24.01.2025

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 2024

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 2022 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 £80,089 . 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.

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.

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

10

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

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 Minibus 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 2024

Analysis of income
6
Donations and legacies
7
Charitable activities
Income from grants
The Award Scheme
Connected Voice
North East Youth
Central West Newcastle
Groundwork
LGA Foundation
Newcastle City Council
Sported Foundation
Virgin Money
Northumbria Police
The Million Hour Fund
The Ballinger Charitable Trust
Community Foundation
Nespresso Fund
Donations and gifts
Other
Keyfund
Arnold Clark
The National Lottery - Awards for All
Streetgames
Neighbourly Foundation VMO 2 Together Fund
The National Fund		 Unrestricted
Funds
£
1,706
1,269
2,975
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
12,000
-
-
12,000		 Restricted
Funds
£
-
-
-
8,412
-
-
-
8,260
-
12,161
4,784
-
-
-
18,479
805
1,500
36,826
-
10,716
-
15,328
2,000
119,271		 Total
2024
£
1,706
1,269
2,975
8,412
-
-
-
8,260
-
12,161
4,784
-
-
-
18,479
805
1,500
36,826
-
10,716
12,000
15,328
2,000
131,271		 Total
2023
£
3,788
77
3,865
4,694
1,000
2,174
840
2,400
500
5,000
489
5,250
1,080
10,000
21,783
1,500
1,500
45,424
2,000
-
-
-
-
105,634

Income was £134,246 (2023: £109,499) of which £14,975 was unrestricted or designated (2023: £3,865) and £119,271 was restricted (2023: £105,634)

12

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Analysis of expenditure on charitable activities

8 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
Other expenses		 Unrestricted
Funds
£
401
3,548
-
-
-
4,681
-
-
-
-
-
8,325
40
-
16,995		 Restricted
Funds
£
90,432
934
862
31,901
995
10,202
2,517
1,789
1,620
159
1,397
-
166
1,074
144,048		 Total
2024
£
90,833
4,482
862
31,901
995
14,883
2,517
1,789
1,620
159
1,397
8,325
206
1,074
161,043		 Total
2023
£
80,078
3,002
1,026
43,972
1,050
9,427
2,131
1,794
1,581
159
1,261
8,470
-
1,074
155,025

Expenditure on charitable activities was £161,043 (2023: £155,025) of which £16,995 was unrestricted or designated (2023: £49,100) and £144,048 was restricted (2023: £105,925)

9 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts
Other accountancy services paid to the examiner		 2024
£
1,074
1,397
2,471		 2023
£
1,074
1,261
2,335

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

Salaries and wages
Pension costs (defined contribution pension plan)		 2024
£
90,833
4,482
95,315		 2023
£
80,078
3,002
83,080

13

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

No employee received remuneration above £60,000 (2023: 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 £36,746 (2023: £33,668).

11 Staff numbers

The average monthly head count was 6 staff (2023: 7 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

12 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.

13 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 £4,482 (2023: £3,002). There was £335 outstanding as at 31 March 2024 (2023: £135)

14 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.

14

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

15 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
16
Cash at bank - Northern Rock
Short term deposits
Cash at bank
Cash in hand
17
Other creditors
Other accruals
Accruals
Cash at bank and in hand
Creditors and accruals (payable within 1 year)
Independent examination of accounts		 Minibus
£
40,416
-
-
40,416
SL
20%
7,153
8,083
-
15,236
33,263
25,180
2024
£
5,698
101
92,006
( 367 )
97,438
2024
£
-
1,280
3,399
4,679		 Office and
computer
equipment
£
6,834
-
-
6,834
SL
25%
6,592
242
-
6,834
242
-
2023
£
5,694
101
108,726
3,614
118,135
2023
£
4,266
1,556
1,082
6,904		 Total
£
47,250
-
-
47,250
13,745
8,325
-
22,070
33,505
25,180

18 Events after the end of the reporting period

No other significant events affecting the Company since the year end.

15

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

19 Analysis of charitable funds Unrestricted Funds

Analysis of movements in unresUnrestricted Funds As at 31 March 2023

Unrestricted funds
General unrestricted fund
Designated funds
Children in Need - Minibus
Contingency fund
Totals		 Fund
balances
brought
forward
£
48,510
12,905
5,694
67,109		 Incoming
resources
£
14,975
-
-
14,975		 Resources
expended
£
( 16,995 )
-
-
( 16,995 )		 Transfers
£
15,000
-
-
15,000		 Fund
balances
carried
forward
£
61,490
12,905
5,694
80,089

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.

Analysis of movement in restricted funds As at 31 March 2023

Restricted funds
North East Youth
The Award Scheme
Virgin Money
Community Foundation - Junior
activities
Streetgames
Keyfund
Newcastle City Council
Neighbourly Foundation VMO 2
Together Fund
Sported Foundation
Connected Voice - Covid 19
Arnold Clark
UK Youth
Centre West Newcastle
Groundwork
LGA Foundation
Northumbria Police
National Lottery - Awards for All
Balance C/fwd		 Fund
balances
brought
forward
£
840
2,174
7,148
5,000
6,718
1,029
22,334
1,165
2,199
815
506
15,000
2,400
140
-
159
10,000
77,627		 Incoming
resources
£
-
-
10,716
12,161
18,479
8,412
36,826
805
-
-
-
-
8,260
-
1,500
4,784
-
101,943		 Resources
expended
£
( 840 )
( 2,174 )
( 17,864 )
( 9,516 )
( 22,554 )
( 8,463 )
( 50,740 )
( 1,970 )
( 2,199 )
( 815 )
( 506 )
-
( 4,954 )
( 140 )
( 1,500 )
( 4,943 )
( 10,000 )
( 139,178 )		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
( 15,000 )
-
-
-
-
-
( 15,000 )		 Fund
balances
carried
forward
£
-
-
-
7,645
2,643
978
8,420
-
-
-
-
-
5,706
-
-
-
-
25,392

16

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Balance B/fwd
77,627
101,943
The Million Hours Fund
-
15,328
Nespresso Fund
-
2,000
Totals
77,627
119,271
Analysis of movement in restricted funds (continued)		 ( 139,178 )
( 2,870 )
( 2,000 )
( 144,048 )		 ( 15,000 )
-
-
( 15,000 )		 25,392
12,458
-
37,850

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

North East Youth The Award Scheme

Children In Need - Inters provision Virgin Money - Project development Community Foundation - Junior activities Community Foundation - Milburn Streetgames Keyfund Newcastle City Council Neighbourly Foundation VMO 2 Together Fund Sported Foundation Connected Voice Covid 19 Arnold Clark UK Youth Centre West Newcastle

Groundwork LGA Foundation

Northumbria Police National Lottery - Awards for All The Million Hours Fund Nespresso Fund

Refurbishment and furnishings for the DJ room.

Duke of Edinburgh equipment.

Funds to cover costs of salaries

A social action idea development, staff and resources.

Funds to cover activity costs

Funds to cover costs of salaries and activities. Funds to cover salaries Funds to cover costs of activities. Funds to cover Community Work. Funds to cover costs of salaries and activities.

Funds to cover pitch fees and staffing costs. Funds to cover the costs related to Covid 19. Funds to cover Community Work. Funds to cover activity costs. October half term activities in partnership with Hat-trick to encourage Children in to sports.

Community activities to include cooking & budget recipes.

12 days of Christmas appeal, delivered a community event around Christmas.

Football themed tournament with other local projects. Delivery of wellness themed activities to support emotional wellness. 9 Additional hours for salaries, activities and overheads. Girls Group activities.

Transfers between funds as at 31 March 2024

Reason for transfer Amount £ Between unrestricted and UK Youth project re-classified as unrestricted. 15,000 restricted funds

20 Capital commitments

As at 31 March 2024, the charity had no capital commitments (2023 -£nil)

17

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

21 Analysis of net assets between funds

Other net current assets/(liabilities)
Cash at bank and in hand
Tangible fixed assets		 Unrestricted
Funds
£
25,180
59,588
( 4,679 )
80,089		 Restricted
Funds
£
-
37,850
-
37,850		 Total
2024
£
25,180
97,438
( 4,679 )
117,939		 Total
2023
£
33,505
118,135
( 6,904 )
144,736

18