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← Northbourne Street Youth Initiative

2025-03-31-accounts

NORTHBOURNE STREET YOUTH INITIATIVE (A company limited by guarantee)

REPORT AND FINANCIAL STATEMENTS For the year ended 31 March 2025

Charity Number 1139235 Company Number 07398880

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2025

The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 March 2025 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

Northbourne continues to provide a busy schedule in the support of young people. The sessions are deliberately full of life and noise thanks to the young people, and as an organisation we don’t always reflect on how much of a difference we make to our community. Our staff continue to show an energy and commitment that results in us giving young people the best experiences possible. Some of the larger achievements of the year include

1

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2025

meaningful moments with a wide range of people in the local community.

Northbourne continues to increase the number of people we have a positive effect on in the community.

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 £152,782 (2024: £134,246) of which £140,709 was restricted (2024: £119,271) and expenditure of £153,602 (2024: £161,043) of which £127,794 was restricted (2024: £144,048). There was an operating deficit of £820 (2024: £26,797 deficit).

At 31 March 2025 the Charity had net assets of £117,119 (2024: £117,939) of which £56,002 was restricted (2024: £37,850).

Reserves policy/Going concern

The Trustees consider the level of reserves, £42,519 (2024: £61,490), 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.

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.

2

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

TRUSTEE ANNUAL REPORT (including Director’s report)

For the year ended 31 March 2025

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 fed back 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 2025

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
Samuel Ubanatu
Chief Executive and Senior staff members Rachel Craig – Youth Initiative Manager
Independent Examiner Michelle Wright
MW Accounting Services
Woodgate House
5c Wood Street
Gateshead
NE11 9NP
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 2025

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 2025

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.

30/01/2026

Approved by the Board on ______ and signed on their behalf by:

Brendon Hayward (Jan 30, 2026 10:17:33 GMT)

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 2025

I report on the financial statements of Northbourne Street Youth Initiative for the year ended 31 March 2025, 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.

Michelle Wright (Jan 30, 2026 10:45:12 GMT)

Michelle Wright MW Accounting, Bookkeeping & Training Woodgate House 5c Wood Street Gateshead NE11 9NP Date: 30/01/2026

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 2025

==> picture [523 x 412] intentionally omitted <==

----- Start of picture text -----
Unrestricted Restricted Total Total
Funds Funds 2025 2024
£ £ £ £
Income from:
Donations and legacies 6 7,073 - 7,073 1,706
Charitable activities
Grants and contracts 7 - 140,709 140,709 131,271
Other income 8 5,000 - 5,000 1,269
Total income 12,073 140,709 152,782 134,246
Expenditure on:
Charitable activities
Operation of the charity 9 25,807 127,794 153,602 161,043
Total expenditure 25,807 127,794 153,602 161,043
Net income/(expenditure) ( 13,734 ) 12,915 ( 820 ) ( 26,797 )
Transfers between funds ( 5,237 ) 5,237 - -
Net income/(expenditure) and net
( 18,971 ) 18,152 ( 820 ) ( 26,797 )
movement of funds
Reconciliation of funds
Total funds brought forward 80,089 37,850 117,939 144,736
Total funds carried forward 61,118 56,002 117,119 117,939
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 2025

Fixed assets
Tangible assets
16
Total fixed assets
Current assets
Cash at bank and in hand
17
Total current assets
Creditors:amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Designated funds
Restricted income funds
Total funds
Notes		 £
105,293
105,293
( 5,271 )		 Total
2025
£
17,097
17,097
100,022
117,119
117,119
42,519
18,599
56,002
117,119		 £
97,438
97,438
( 4,679 )		 Total
2024
£
25,180
25,180
92,759
117,939
117,939
61,490
18,599
37,850
117,939

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.

30/01/2026 These financial statements were approved by the Board on: and are signed on its behalf by: M Dilworth Martin Dilworth (Jan 30, 2026 09:20:13 GMT) Treasurer

9

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2022.

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 has reported an unrestricted funds of £42,519 at the year end. 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.

10

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

3.4 Donated goods and services

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

Donated services and facilities are included in the SoFA when received at the value of the gift to the charity provided that the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with the equivalent amount recognised as an expense under the appropriate heading in the SoFA.

3.5 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

3.7 Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

3.8 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 charity.

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 youth services and other activities undertaken to further the purposes of the charity and their associated support costs.

11

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

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.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

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, a full years depreciation charge is applied in the year of acquisition and no charge is made in the year of disposal:

Office and computer equipment Minibus

Straight line over four years Straight line over five years

12

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of income

6
7
8		 Donations and legacies
Charitable activities
Virgin Money Foundation
National Lottery
Other income
Centre West Newcastle
Donations and gifts
Income from grants
Community Foundation
Neighbourly Foundation
Other income
Nespresso Fund
The National Lottery Million Hours Fund
The Ballinger Charitable Trust
UK Youth
LGA Foundation
Keyfund
Newcastle City Council
Small Sparks Grant
Northumbria Police
Streetgames		 Unrestricted
Funds
£
7,073
7,073
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,000
5,000		 Restricted
Funds
£
-
-
6,523
17,550
7,030
-
13,430
1,510
6,500
30,058
-
12,000
13,381
-
14,000
18,478
250
140,709
-
-		 Total
2025
£
7,073
7,073
6,523
17,550
7,030
-
13,430
1,510
6,500
30,058
-
12,000
13,381
-
14,000
18,478
250
140,709
5,000
5,000		 Total
2024
£
1,706
1,706
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
1,269
1,269

Income was £152,782 (2024: £134,246) of which £12,073 was unrestricted or designated (2024: £14,975) and £140,709 was restricted (2024: £119,271)

13

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

Analysis of expenditure on charitable activities

9
10
11		 Unrestricted
Restricted
Total
Total
Funds
Funds
2025
2024
£
£
£
£
Charitable activities
Direct costs
16,937
86,846
103,782
95,315
3
1
4
862
196
33,702
33,897
31,901
165
-
165
995
Support costs
-
3,767
3,767
14,883
Premises costs
-
1,300
1,300
2,517
-
2,028
2,028
1,789
24
-
24
1,620
Licences
-
151
151
159
Payroll fees
-
-
1,397
8,083
-
8,083
8,325
-
-
-
206
Governance costs
400
-
400
1,074
25,807
127,794
153,602
161,043
2025
2024
£
£
400
1,074
120
1,397
520
2,471
2025
2024
£
£
103,782
95,315
103,782
95,315
Other accountancy services paid to the examiner
Activities & events
Minibus costs
Salary costs
Travel costs
Insurance
Independent examiner's fees for reporting on
the accounts
Analysis of staff costs and the cost of key management personnel
Salaries and wages
Expenditure on charitable activities was £153,602 (2024: £161,043) of which £25,807 was unrestricted or
designated (2024: £16,995) and £127,794 was restricted (2024: £144,048)
Legal and professional fees
Depreciation
Other expenses
Fees for examination of the accounts
Independent examiner's fees for reporting on the accounts
Office costs

No employee received remuneration above £60,000 (2024: 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 £46,416. (2024: £36,746)

14

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

12 Staff numbers

The average monthly head count was 5 staff (2024: 6 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

The parts of the charity in which the employee's work
Charitable activities		 2025
Number
2.5
2.5		 2024
Number
3.5
3.5

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.

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 £1,750 (2024: £4,482). There was £311 outstanding as at 31 March 2025 (2024: £335)

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		 Caravan
£
-
-
-
-
SL
14%
-
-
-
-
-
-		 Minibus
£
40,416
-
-
40,416
SL
20%
15,236
8,083
-
23,319
25,180
17,097		 Office and
computer
equipment
£
6,834
-
-
6,834
SL
25%
6,834
-
-
6,834
-
-		 Total
£
47,250
-
-
47,250
22,070
8,083
-
30,153
25,180
17,097

15

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

17 Cash at bank and in hand

Cash at bank
Cash in hand		 2025
£
105,033
260
105,293		 2024
£
97,805
( 367 )
97,438
18
Other accruals
Taxation and social security
Accruals
Independent examination of accounts
Pension
Creditors and accruals (payable within 1 year)		 2025
£
4,560
311
400
-
5,271		 2024
£
-
-
1,280
3,399
4,679

19 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

20 Analysis of charitable funds

Analysis of movements in unrestricted funds For the year ending 31 March 2025

Unrestricted funds
General unrestricted fund
Designated funds
Children in Need - Minibus
Contingency fund
Totals		 Fund
balances
brought
forward
£
61,490
12,905
5,694
80,089		 Incoming
resources
£
12,073
-
-
12,073		 Resources
expended
£
( 25,807 )
-
-
( 25,807 )		 Transfers
£
( 5,237 )
-
-
( 5,237 )		 Fund
balances
carried
forward
£
42,519
12,905
5,694
61,118

Purpose of unrestricted funds

General unrestricted fund The 'free reserves' of the charity Designated funds Children in Need - Minibus Funds to purchase a new minibus Contingency fund 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 2025

20 Analysis of charitable funds continued Analysis of movement in restricted funds For the year ending 31 March 2025

Restricted funds
Community Foundation
Streetgames
Keyfund
Newcastle City Council
Centre West Newcastle
LGA Foundation
National Lottery Million Hours
The Ballinger Charitable Trust
Small Sparks Grant
National Lottery
Totals
Neighbourly Foundation
UK Youth		 Fund
balances
brought
forward
£
7,645
2,643
978
8,420
-
5,706
-
-
6,096
-
-
6,363
37,850		 Incoming
resources
£
7,030
13,430
6,523
30,058
1,510
17,550
14,000
6,500
13,381
12,000
250
18,478
140,709		 Resources
expended
£
( 7,644 )
( 16,042 )
( 6,523 )
( 38,478 )
( 769 )
( 6,471 )
-
( 207 )
( 8,303 )
( 18,267 )
( 250 )
( 24,841 )
( 127,794 )		 Transfers
£
-
-
-
-
-
( 845 )
-
-
( 185 )
6,267
-
-
5,237		 Fund
balances
carried
forward
£
7,031
31
978
-
741
15,939
14,000
6,294
10,989
( 0 )
-
-
56,003

Purpose of restricted funds

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

Community Foundation To support core costs Streetgames To fund activites over the school holidays Keyfund Funds to cover the costs of activities Newcastle City Council Funds to cover community work Neighbourly Foundation Funds to cover costs of salaries and activities Centre West Newcastle Half term activities to encourage children in to sports UK Youth Funds to cover youth activity costs LGA Foundation 12 days of Christmas appeal National Lottery Million Hours Additional hours for salaries, activities and overheads The Ballinger Charitable Trust Funds to cover costs of salaries Small Sparks Grant Funds to support community workshops National Lottery Delivery of wellness themed activities to support emotional wellness

Transfers between funds

Between unrestricted and
restricted funds
A transfer to adjust the prior year figures as the resitrcted
funds were spent in the previous year
Reason for transfer		 Amount
£
5,237

21 Capital commitments

As at 31 March 2025, the charity had no capital commitments (2024 -£nil)

17

NORTHBOURNE STREET YOUTH INITIATIVE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2025

22 Analysis of net assets between funds

Tangible fixed assets
Other net current assets/(liabilities)
Cash at bank and in hand		 Unrestricted
Funds
£
17,097
49,291
( 5,271 )
61,117		 Restricted
Funds
£
-
56,002
-
56,002		 Total
2025
£
17,097
105,293
( 5,271 )
117,119		 Total
2024
£
25,180
97,438
( 4,679 )
117,939

18