**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:
- 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
- Wellness sessions
- Football Development
- Key Projects
- Social Action programs
- Youth led funding
- Life Skills
- Volunteer program
- Health & Wellness work
- Community Café
- NCS program
## **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:
- Number of attendances 4164
- Number of individuals engaged 236
- Number of young people engaged in DofE
- Number of sessions delivered in 12 months 961
- Number of young volunteers engaged 10
- Number of adult volunteers engaged 3
- Number of new young people signed up 72
## **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:
- 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 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.
- Suggested Actions:
- A co-designed calendar of issue-based activities created and shared with young people so they can choose which they engage in.
- Increased promotion of the work we do, shouting about our success and achievements. We will continue with our monthly newsletters but also blog our work and share it via our website.
- Continued funding strategy - as always remains a priority and we will work hard to ensure we are able to sustain delivery and 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 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:
- 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.
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:
- 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 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:
- h examine the accounts under section 145 of the Charities Act,
- h 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
- h 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:
- h accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- h the accounts do not accord with such records; or
- h 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
- h 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 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