CharityNumber:1139518 Company Number.. 07303754 NE Youth Llmited (a company limited by guarantee) Report of the Trustees and Financial Statements for the year ended 31 March 2024
NE Youth Limited (a company limited by guarantee) Contents Page Chair's Executive Statement Trustees, Annual Report 2-6 Independent Auditor's Report Statement of Financial Activities 10 Balan Sheet Cashflow Stalement 12 Notes to Financial Statements 13-28
NE Youth (a company Iimlted by guarantee) Chief Executive's Statement For the year ended 31 March 2024 Hello and Welcome Welcome to our Trustees report covering the period of April 1 st 2023- March 31st 2024. The recent 12-month period has been one of the most significant in the organisation's history. In the autumn of 2023 we completed a merger with the Northumbria Coalition Against Crime (NCAC). This decision was not taken lightly and a period of due diligence was undertaken to ensure that this was the right move both strategically and operats'onally for both Boards of Trustees. The key question was could services and provision for Young People be strengthen, improved, resourced and sustained effectively? Once complete we were delighted to welcome six new staff from the Coalition in to NE Youth who have brought new skills, energy and diversity to our existing team. Further change has included the retsrement of our much loved and respecled Finance Manager Campbell Grant and we thank him for all his efforts and wsh him well for the future. Lindsay Maudling also chose not lo tUrn after maternity leave following len incredible years and many significant achievements with young people. Again, we wish her well. In addition to the new staff from NCAC we have also successfully appointed new team members across our youth work and programmes team who have settled in really well. At Board level there was a change in chair with Richard Turnbull replacing Martin Cave in this role and we were also delighted to appointed Sheila Alderson and Anne Moyle but on the flip side Rachel Wilson stepped down. Our Youth Work and Programmes offer continued to grow and strengthen and we Introduced not only the Odysseys Mentorlng Programme {OMP) followiThJ the merger but also The Enrlchmént Programme in collaboration with the National Citizen servi and Thè Pèer Actlon Collectlve lch builds on the incredlble work of the previous programme. Our Strategic and Regional Development Work continues via our own membership offer and the North East Youth Alllance. This has included collaboration wtlh Culture and Creative Sector with the purpose of developing relationships and learning from each other. Some collaborats've work with key funders and youth sector partners in relation to join and key messaging has also been an important feature this year. Next year's welcome will be writlen as we embark on the 90th Anniversary of NE Youth from its inception In 1935 as The Northumberland Association of Boys Clubs. A calendar of evenls will be released soon with the aim of celebrating the history of our work, engaging young peopl8, and our members and securing new investment. Finally, I would like to say a huge thank you to all our amazing funders and supporters who continue to place huge trust in us to make a positive difference wth young people. I hope you find the repost an enjoyable and informative read and many thanks for your continued support. Jon Niblo- Chlef Executlve
NE Youth (a company limited by guarantee) Trusteo Report For the year ended 31 March 2024 Vlsion: Our vision is.. "All young people in the North East of England have the opportunitie5 they deserve to get involved in their communities, enjoy their lives and achieve their potential.. Misslon: The central purpose and role of NE Youth is defined as: "To provide a high quality, diverse and positive youth offer in the North East through our own services and by providing our members with relevant infotmation, advice and support." Values: The values that underpin our youth offer are., 1. Involve- young people are involved in communities and positive activities. 2. Enjoy - young people enjoy their lives and the communities where they live. 3. Achleve- young people are prepared for the future and are recognised for their achievements. 4. Insighrful - Building our expertise and our field of work 5. Engaged - Committed long term to the young people we engage th 6. Impactful - Working to secure sustainable outcomes 7. Professional - With everything and everyone Achievements and Performance Our work continues lo align with our existing three-year strategic plan 1¢h lakes us to 31st March 2025. This focusses on four key areas., Communication - We wll publicise the great achievements and impact of all NE Youth projects, to highlight the key role the charity plays in supporting the gIOn'S youth, as well as increasing our visibility, raising our profile and positioning the charity as the main youth organisation in the North East. People - We wlll to continue to support Ihe wellbeing of our staff and maintain our excellent staff retention rates. We wll also consider what we offer as an employer so staff feel valued for their work and NE Youth becomes an employer of choice. Innovation - We will use our knowledge, expertise and youth engagement to develop our own unique youth programmes and we will expand our network wlthin the youth sector so more young people can benefit from more NE Youth programmes. Sustainability- We will ensure the future of NE Youth by securing long-term and recurring funding by increasing our offerings and relevancy to the needs ol young people, The Voice of Young People continues to be at the heat of everything we do both strategically and operalionally. Our collaborative work with Youth Focus North East via the North East Youth Alliance continues to provide a vehicle for Young People to influence change at a regional and national level. Our Peer Action Collective (PAC) group made key contributions at the reginal HOPE HAC event which dived deep in to key issues such as poverty and community safety.
NE Youth (a Gompany limited by guarantee) Trustee Report For the year ended 31 March 2024 At a local level Young People have been supported to develop junior campaigns and impactful social action projects. Key to this is the continued success of our annual Projects wth Pride Event thich recognises the achievements of Young People across our membership network. Our Youth Work and Programmes offer continues to strengthen and grow particularly wth the integration of the Odysseys Mentoring Programme (OMP) which provides targeted and intensive one-two-one mentoring support for Young People. Collaborative work with the NCS Trust and Duke of Edinburgh Awards have enabled us to engage in the Education Enrichment Partnership Programme across County Durham and the continuation of our PAC Programme has enabled to employ fi've Young People as peer researchers. Our Year in Numbers 3368 young people dlrectly worked with 410/0 increase in young people 103,785 young people indirectty supported 3500 young volunteers across the nelwork 182 members supported 320/0 increase in mem bers 12 local authority areas covered 793 training attendances Governance Leadershi and Structure The Trustees continue ensure effective governance and leadership via quarterly Board meetings and the facilitation of key sub4ommittee meetings., Finance Risk, Policy and Safeguardir)g Communications Business Development Learning, Innovation and Development The most significant fealure of 2023124 was the merger of NE Youth Vth Northumbria Coalition Against Crime. The strategic and operational reasons for the merger are covered elsewhere.. in this section the financial plan and the actual outcome are covered. Income The budget for NE Youth at Ihe start of the year was for income of £760k and expenditure of £852k, a net deficit of £92k, funded using funds from previous years. The expected impact of the merger wth NCAC was for income to increase by £106k and expenditure by £192k, meaning a change to the net deficit of £86k. NCAC brought lo the merger both existing funds and commitment of future income. But a range of cost savings on merger meant that when the merger was agreed the budget for the combined entity was for income of £950k and expenditure of £1,048k', a net defi'cit of £98k- with, again. plans to use up funds from previous years. During the 23124 financial year, the Charity has generated income of £950k and expenditure of £993k. The trustees are pleased with this financial perf0nMan. given the complexities of both the merger and the economic climate in which we have operated for the past 12 months. Diversity of income remains healthy, with 210/0 coming from Charitable contracts, 510/0 from Charitable grants and 160/0 from Fundraisi ng events, maintaining our financial resilience.
NE Youth la company limited by guarantee} Trustee Report For the year ended 31 March 2024 Unsurprisingly the operational cash flow over the year has been positive. This time lag between the receipt and spending of funds illustrates the need to take a multi-year view of charity finance and reserves when assessing for sustainability, value for money. efficiency and effectiveness. It was planned that a significant proportion of the restricted funds at the start of the year would be expended - and they were. But the restricted funds coming in during the year Vre only partly expended and the total value of restricted funds went up significantly over the year. Investment income is a small part of income, but in a turbulent year it was good to see the reduction in the value of investments is relatively small. The robustness of NE Youth's financial systems will be enhanced by a move from QuickBooks desktop to Xero from April 2023. Reserves Policy NE Youth has considered its reserves requirements for the forthc¢Jming year, and the Trustees have confimed that appropriate levels of reserves should be held to cover unexpected disruption to planned income sources (c.£50,000), and to cover the costs of winding up the charity in a worst-case scenario. These worsl-case costs are estimated to be circa £250,000. In total, the Trustees consider the minimum level of reserves required during the forthcoming financia year to be c.£300,000. At the end of the financial year, unrestricted reserves were £520,790. Current cash (£459k) is well in excess of typical monthly expenditure (c.£87k) indicating good Liquidity cover. Future planning In 2025 our organisation hils the incredible landmark of 90 years which will provide an opportunity lo Celebrate the history and achievements and maximise opportunities to generate additional income to support our work, Further updates wtll follow. In the autumn of 2024 we will begin dialogue in relation to our next strategic plan covering April 2025- March 2028, The plan will reflect the emerging needs of Young People and the Communities we provide services and also the ever changing political and economic landscape. Our priority as ever will be to ensure thal we can sustain our current provision and explore new collaboralive opportunities to increase the quality and reach of our offer for Young People.
NE Youth la company limited by guarantse) Trustee Report For the year ended 31 March 2024 REFERENCE AND ADIYIINISTRATIVE DETAILS Registered Charity Number Company Number Registered Office 1139518 07303754 The New Inn, Bridge Street, Blaydon, Newcastle upon Tyne, NE21 4JJ Trustees The trustees who served the charity during the period were as fdlows., A Halliwell S Vening M Cave N Rogerson D Lovenbury S Scott R Turnbull D Bawn A Traynor K Gleadow R Wilson S Furness A Moyle S Anderson Treasurer Chair Secretary Resigned 20 Febnjary 2024 Appointed 21 May 2024 Appointed 21 November 2023 Appointed 21 November 2023 Key Management Personnel J Niblo G Lockyer Turnbull Chief Executive Head of Operations Our advisors Independent Auditor CLA Evelyn Partners Limited 17 Queens Lane, Newcastle upon Tyne, NEI 1 RN Solicitors David Auld Sclicilors 22A Newsate Street, Morpelh, Northumberland, NE611 BA Legal Status The charitable company is limited by guarantee and therefore has no share capital. In the event of a winding up, every member (who is a trustee) undertakes to contriFyJte to the payment of liabilities such amount as may be required not exceeding the total of £1.
NE Youth (a company limited by guarantee) Trustees, Report {Continued) For the year ended 31 March 2024 STATEMENT OF MANAGEMENT TRUSTEES, RESPONSIBILITIES The Management Trustees {who are also directors of NE Youth Limited for the purpose of company law) are responsible for preparing the Management Trustees, Report and the financial statemenls 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 the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently: observe the methods and principles in the Charities SORP 2015 (FRS 102),. make judgements and estimates that are reasonable and prudent., state whether applicable UK AGcounts'ng Slandards have been followed, subject to any material deparlures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial positlon of the charitable company and enable them to ensure Ihat the financial statements com ply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company 8nd hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Management Trustees on 28-11-2024 Signed on behalf of the Board R Turnbull Trustee
NE Youth {a company Ilmlted by guarantee) Independent Auditors, Report to the members of NE Youth For the year ended 30 March 2024 Oplnion We havg audlled the finanelal slalèmenls of NE Youth Llmiled (the 'charllable company.) for Ihe year ended 31 March 2024 whk h Gomprlse th8 Slalemenl of Financial Activities, the 8al8nce Sheel, the Cash Flow Statement and notes lo the financial slalements, Including a summary of SnifICant accounting policies. The financial reportlng frnOrk Ihal has bean applled in their preparation Is appllcable law And United Kingdom Accounllng Standards. Including Flnancial Reporting Standard 102 The Financial Reporting Standard applKable In Èh8 UK 8nd Republffc of Ireland Iunlted Klngdom G6nerally Accepled Accounting PrwAice). In our oplnlon Ihe flnanclal 81alemenls: glve a true and falr vlew of the Slate of the ¢harllable company's affaks as al 31 Marth 2024. and of Its Incomlng r880urces and applicallon of resources, including ils irorne and expendlture, fN th8 y6ar then ered.. h8ve t)een properly prepared in accordance with United Klngdom Generally Accept Accounllng Pr8clice.' and have been prepared In A¢c¢rdonc• wllh th6 requirements of the Companles Acl 2(I)6. Ba$1$ for oplnlon We conducted our audll In ord8nCè with Inl6rnallonal Slandards on ALKllting (UK} {ISA8 IUK}l and appllcable law. Our respon slbllllles under those sland8rd5 are further descrlbed In Ihe Authtor'8 r88ponslbllllles lor Ihe audlt ol Ihe financlal 81alemen18 secllon of our reporl. We are Ind8pendenl of Ihè charltable company in accordance wilh the 8lhlcal r8qLlremenls that ar6 relavanl lo our audit of the flnanclal stalemenlg In the UK, Includlng the FRC'S Ethl¢al Standard, and we have lullllled our other elhlcal re8pon8lbllllles In accordance wSlh these requlfoménls. W• beliève that the audit evldence we have obl8lned Is suffiolenl and appropriate lo provkle a bas15 for our oplnlon. Other Matter- Correspondlng flgures unaudllgd In the prlor year the chafllable company wag independenlty examlned In Ilne vlilh se¢llon 145 of th8 Charilles Act 2011 as lis Inoom818vel was under £1 mS11ion. However. as Ils Income levels have now exceeded Ihis Ihreshdd Et is now balng audited in Ilna wlh the pfovlslons of secllon 144 of that Act. The corresponding figures In the flnanclal $la18monts ar8 therefore unaudited. Conclu81on8 relatlng to golng concern In 8udlllng the Ilnanctal 8lalem¢nls, we have Corlded thal the tru8lees' use of the going cCe1 basis ol COUntIng In th e praparallon of the lingnGial ¥lalemenls is 8ppr¢)prlo1e. Based on the work we have p8rform8d, we have ncl Identified any malerlal uncerlainlies rglaling lo ov?nl8 Of Gondilions Ihal, Individually or collecllvely, may cast slgnifkanl doubl on the group's or parenl Gharilable company's ability lo continue 88 a golng concern for a period of 81 loa81 twelve months from when the financlal Slatemenls are 8ulhorised issue. Our responsibilitie5 and the re3ponslbllllies of the Ivuslee5 wtth respeci lo golng concern are descrlbad In the relevant 8ectlon8 of this report. Other Informatlon The Iruslees are responslble for Ihe other inlormalion. The other Information comprises Iha informalton Included in the trustees, annual report. other than the flnanclal slalemenls and our audllorfs report Ihereon. Our oplnkln on the financial stalements does nol Cover th& olhar Information and, except lo the exienl otherwise expllcllly slated In our report, we do not express any Form of assurance conclu81on thereon. In connecllon wllh our audll of the financlal slalemenls, our responsibHily Is lo lead the olher infomatlon and, in doing so, consider whether the other information Is tnaterially inconsistent with the financlal sl8tem8nis or our knowledge obtained in Ihe audit or OtheSe appears lo be materially misslaled. If we identify such malerlal Inconsistenc or aFparenl material misslatemenls, we are required lo determine whelhg1 there is a material rnlsslatemelll In tha financlal slalemenis or a material misslalemenl of the other 5nformalion. If. bas6d on the work we have performed, we conclude that there is a mat181 misstalemenl of Ihis olher informadon. we are requlred lo report thal fact. We have llolhing to ieport in thi5 regard.
NE Youth (a company limlted by guarantee) Independent Auditors, Report to the members of NE Youth For the year ended 30 March 2024 Opinions on other matters pr8scrlbed by the Companles Act 2006 In our oplnion, based on the woik undertaken In the Gourse d tha audit.. the Snformation glven In the trustees, report Oncorpjratlng the direclors. rewrt) the Ilnanclal year lor which thè flnanclai slalemenls are prepared Is conslslenl wlh the financial slal8menl8' and thè dlreciors, report has been PTepared In accordance wlth applkable legal requirements. Matters on whlch we are requlred to report by exceptlon In the liohl ol our knowledge and underslandlng of th6 charilable company ond ils environment oblained in th8 cou rse of the audll, we hav8 not Idenllfied material mlssialemenl8 In the dlr8ctors' report. We have nolhSng lo report In respect of the followlrwJ matters ¥1 relation lo whlch Iha Companles Act 2006 requires u810 report lo you if, in QUT opinion.. adequate 8ccounllng re¢ords have not beon kepl, or relLwns adequate for our audil have not been received from branchas not vlslled by U8., 0 the linanclal slalem8nl8 are not In agraèmgnl wllh the acccunllng records and relurn5: or cerlaln dSsclosures ol dlreclor8' remuneration spocrfied by law are not made,. or we have not rec&iv8d all the Information and explanallons we require lor our audit., or the Iruslees were not Onlllled lo prepare the financlal slalemenls in accordance wllh Ihe small Gomp?nles' reglme and take advantag8 of the small companles, exernpllons In preparlng the directors, report and Trom the 18qulremenl lo prepare a slralegl¢ report. Respon51bllltle8 of trustees As explalned more fully In the Iruslees, responslblllles 8ialemenl set out on page 6, Ihe trusl88s {who ar8 also thè dIrtOrS of the charllable ompany for the purp8$ of company law) arè responslble for Ihe prepafallon of Ihe Ilnancial slalemenls and for belng sallsf led Ihal they give a true and falr view, and lor such inleTnal conlrol 8$ the Iwslee5 determln818 necessary lo enable Ihè préparallon of flnancial sl8lemen18 Ihal 8re Iroe from material mlsslalemenl, whether due lo IraLwI or arror. In preparSng the Ilnandal slglemenls, the Iruslees are responsible ftr assosslng tha cha#ble company's ablllly lo conllnue as a golng onc8rn, discloslng, as appllcable, mallers related to going concern and uslng the going ¢Mcern basis ol accounllng unless the Irus1888 &ilher Intend lo liquldale the charllable ¢ompany or lo ceaso operallons. or have no reallslic aliemaliva bul lo do 80. Audllor's responslbllltles lor the audit ol the finaTrclal statements Our oblecllves are to oblain Teasonab18 assurance abl1 whether Ihe fancIal slalemenls &8 a whole are free from material misslalemenl, whether due lo fraud or error, and lo Issue an audiloffs report that Includes our opinlon. ReasonalAe assurance Is a hlgh level of assurance, bul 1$ not 8 guarantee that an audll conducled in accordanca wilh ISAS (UK) wlll always delecl a malerlal mSsslalemonl when 11 exlsls. Misslalemenl8 Gan arlse from fraud or error and are considered material rf, individu81ty or in Ihe aggregate. Ihey could feasonably be axpecled lo influence the èconomic decisions of users taken on the b851$ of these financial statements. Irr8gulafitl&s, Includlng fraud, are instances rf norFcomph'ance laws and regvlaiions. We design procedures in line with our responsibilities, outlined above. lo delect material l$s1alements In respeci of irregularilies, including fraud. The extent lo whlch our predureS are capable of delecling Iriegularli85. Includng fraud, is detailed below.
NE Youth (a company limited by guarantee) Independent Auditors. Report to the members of NE Youth For the year ended 30 nAarch 2024 We oblained an understanding of the leg21 and regulalory framework 8pplicable lo bolh the charilable c(Mnpany iiself and the Industry in whlch il operates. We identified areas ol lav and regulations Ihal could reasonably bo exp8cled lo have a material olfecl on the financlal slalemenis from our sector experience and Ihrough dlscusslon with the directors and other managemenl. The most slgnificanl woie Kjenllfled as the Charilles Act 2011, the Companles Acl 2006, UK GAAP {FRS102) aNI relevant lax leglslallort. We consldefed the exlenl of compllanc8 with those laws and regulallons as part of our procedures on Ihe related financlal slal8m&nls. Our audll procedures includod.. making enquires of Iruslees and managsynenl as lo where ihey conser there lo bè a su8cepllbllily lo fraLKI and whether Ihey have any knowledge $usplcion of Irwd; oblaining an understanding of the Inlernol conlrols established to mll*Ja16 risks fèlaled to fraud or non-compliance with laws and regulalions., revlewlng the minules of meellngs of those charged wdh govèrnanc6'. assesslng the risk of management overrkl¢ Includlng Klenlrfying and lesllrvJ journal entries; conllrmalion recelved dlr8¢lly from the bank8 to verlly th8 balance al 31 March 2024. Our audll not entIfY any key audil mallers r81allng lo the deleollon of Irregularllles IncludlTrJ fraud. However. d88pilo the 9udS1 belng planned and conducted In accordance with ISAS IUKI Ihore refflains an unavoidable risk that malerlal mls81alements in the finanelal glal8menls may not be deleclgd owing lo Inherenl Ilmilalions of the avdll, and that by their very nalura, any 3u¢h Instances ol fraud or Irregularlly likely Involve colluslon, lorgery, inlenllon81 mlsrepresenlation5, or lh8 override of inlernal Gontrol8. A furfher description of our re8pon¥lblllllgs lor the audit ol the fina181 slalèment8 Is localed on the FlrsanclaS Rèptsrtlng Councll'a web$lte al.. y.Ir¢.0rll.Uk1audi1orsreSP0nsIbIlI1IeS. Thls description ILYMS part of w aL110r,$ report. Us8 of Our Report Thls report is rnade 501ely lo the charitable company'8 membws, as a body. In accordance wllh ChaFI8r 3 of Part 16 01 the Companles Act 2006. Our audll work has been undèrteken so Ihal we mlghl slate to the charilable company's members those matters we are r8qu Ir¢d lo slate lo Ihem In an audllor's report and for no other purpose. To th• fullest extent wmlttgd by law, we do not accept or a69ume respon81bi5ily lo anyone other than the ¢haillable Gompany and the charllable cornpany's mernbe as a body, for our audtt work, lor Ihls report, or for Ihe oplnlons we have formed. Cralu Henderson Isenlor Statutory Audltor) For and on bghalf of CLA Evelyn Partners LimSted Slatulory Audltors & Chartered Accountants 17 Queens Lane NewEa8118 upon Tyne NE11RN
NE Youth Llmlted (a company limited by guarantee) Statement of Financial Activities (Incorporating the Income and Expenditure Account) For the year ended 31 March 2024 Unaudited Total 2023 Unrestricted Designated Restricted Funds Funds Funds Total 2024 Notes Income from: Donations and grants Charitable activities Fundraising income Investmenl income NCAC Merger 267,451 24,887 175,731 7,870 33,117 309,931 577,382 311,766 214,822 239,709 419,870 175,731 192,387 7,870 5,220 92,738 125,855 Tolal income 509,056 617,491 1,126,547 929,043 Expondlturo on: Raising Funds Charitable activities 42,451 260,266 42,451 63,047 594,596 970,658 826,833 115,796 Totsl expendlture 302,717 115,796 594,596 1,013,109 889,880 Net Incomel{Éxpèndlturè) 206,339 (115,7 ) 22,895 113,438 39,163 Unrealised gainl{loss) on investment Transfers 7,730 (1,746) 7,730 { 18,776) 19 1,746 Net movements In funds 212,323 (115,796) 24,641 121,168 20,387 Reconciliation of funds Total funds brought forward 308,467 174,110 155,657 638,234 617,847 Total funds carried fonvard 520,790 58.314 180,298 759,402 638,234 The Statement of Financial Activities indudes all gains and losses in the year and therefore a statement of total recognised gai ns and losses has not been prepared. All of the above amounts relate to continuing activities. 10
NE Youth Llmlted (a company limited by guaranteè) Balance Sheet As at 31 March 2024 Unaudited 2023 Notes 2024 Flxed assets Tangible assets Investments 13 14 39,485 242,388 11,543 230,578 281,873 242,121 Current assets Debtors Cash at bank and in hand 15 52,191 458,849 51,440 388,161 511,040 439,601 Llabilltles Creditors: amounts falling due within one year 16 133,511 ) (43,4881 Net current assets 477,529 396,113 Total assets less total Ilabllltles 759,402 638,234 Funds Restricted funds Designated funds Unrestricted funds 180,298 58,314 520,790 155,657 174,110 308,467 19 759,402 638,234 The financial statements were approved by the trustees on 28-11-24 and signed on their behalf by: R Turnbull Trustee Company Number 07303754 11
NE Youth Limited {a company limlted by guarantee> Cash Flow Statement For the ear ended 31 March 2024 Notss 2024 2023 Net cash flow from operating acilvitles: Net cash provided by operating activities 22 131,255 19,619 Cash flows from Investment actlvllles Interest receivable and investmenl income Sale of listed investments Purchase of fixed asset investments Purchase of listed investments 7,870 18,278 (56,066) (30,649) (20,665) 5,220 9,070 Net cash flow from investing actlvities { 60,567) (6,375) Net increase In cash and cash equivalents 70,688 13,244 Cash and cash equivalents at the beginning of the year 388,161 374,917 Cash and cash equivalents at the end of the year 458,849 388,161 12
NE Youth Llmlted {a company limited by guarantee) Notes to the Financial Statements For the ear ended 31 March 2024 Accounting Pollcies 1.1 Basls of preparation The financial statements 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 Reporling Standard applicable in the UK and Republic of Ireland IFRS 102) issued in October 2019, Charities SORP (FRS 102), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021, the Charities Act 2011, the CompaniesAct 2006 and UK Generally Accepted Accounting Practice. NE Youth Limited meets the definition of a public benefit entity under FRS 102. The financial statements are prepared under the historical cost convents'on or transaction value unless otherwise slated in the relevant accounts'ng policy note(s). The financial statements are prepared in Sterling which is the functional currency of the charity and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These pol iGies have been consistently applied to all years presented unless otherwise stated. 1.2 Golng concern The financial statements are prepared on a going concern basis. The Trustees have reviewed the annual budgets and considered relevanl information in response to the external environment. Actual results are monitored against budget. Based on these assessments, given the measures that could be undertaken to mitigate any adverse conditions, and the current resources available, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts. 1,3 Funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes. Deslgnaled funds comprlse unrestrlcted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is *t out in the notes to the financial stalemenls. Restricted funds are funds which are to be used in accordance wth specific restrictions imposed by donors which have been raised by the company for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 13
NE Youth Llmited (a company limited by guarantee) Notes to the Financial Statements (Contlnued) For the ear ended 31 March 2024 1.4 Incoming resources All incoming resources are included in the Statement of Financial Activits'es (SOFA) when the charity has entitlement to the funds, any perf0mlan conditions have been met, the amount can be measured reliably and it is probable that the income will be received. Income from charitable activities includes income received under conlract or where entitlement to grant funding is subject to specific performance conditions and is recognised as earned. Grant income included in this category provides funding to support perf0rrnan activits'es and is recognised where there is entitlement, certainty of receipt and the amount can be measured with reasonable certainty. Income received to deliver seNices over a specific period covering more than one financial year is accounted for over the specific period., related expenditure is accounted when incurred. Investment income relates to interest earned through holding assets on deposit. In accordance with the Charities SORP {FRS 102), the general volunteer time is not recognised and refer to the trustees, report for more information about their contribution. 1.5 Expenditure and Irrècoverable VAT All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is 2 legal or constructive obligation to make payments to third parties, it is probable that the settlement wrll be required and the amount of the obligation can be measured reliably. I rrecoverable VAT is charged as an expense against the cost for which the expenditure arose. 1.6 Support cost allocatlon Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. They a incurred directly in support of expenditure on the objects of the charity. 14
NE Youth Llmlted (a company Ilmited by guarantee) Notes to the Financial Statements (Continuedj For the ear ended 31 March 2024 1.7 Tanglble fixed assets Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets. at rates calculated lo write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as fdlows". Office Equipment Computer Equipment All assets costing more than £1,000 are capitalised, unless paid direcdy by a grant where capitalisation is not approved. 100/0 reducing balance 200/0 Straight line 1.8 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.9 Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar acGount. 1.10 Credltors and provislons Creditors and provisions a recognised there the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their selllement after allowng for any trade discounts due. 1.11 Financlal instrument8 The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their seltlement vaue with the exception of bank loans thich are subsequently measured at amortised cost using the effective interest method. 1.12 Penslons The charitable company contributes to a defined contribution pension scheme for the benefit of its employees. The assets of the scheme are held separately from those of the charitable company. The annual contributions payable are charged to the Statement of Financial Activities. 1.13 Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. 15
NE Youth Limited (a company limited by guarantee) Notes to the Financial Statements (Contlnued) For the ear ended 31 March 2024 Legal status NE Youth Limited is a company limited by guarantee. registered in England and Wales, (No 07303754) and not having a share capital. In the event of the company being wound up, Ihe liability in respect of the guarantee is limited to £1 per member of the charity. Comparative unaudlted statement of financial actlvlties Unrestricted Restricted Funds Funds Total 2023 Total 2022 Notes Income from: Donations and grants Charitable activities Fundraising income Investment income 145,481 419,670 192,387 5,220 166,285 311.766 236,437 419,670 560,414 192,387 157,435 5,220 4,296 Total income 762,758 166,285 929,043 958,582 Expenditure on: Raising Funds Charitable activities 63,047 704,579 63,047 31,332 122,254 826,833 842,228 Total expenditure 767.626 122,254 889,880 873,560 Net Incomel(expendlture) (4,868) 44,031 39,163 85,022 Unrealised gainl(loss) on investment Transfers (18,776) (18,776) 13,283 19 Net movements in funds (23,644) 44,031 20,387 98,305 Reconciliatlon of funds Total funds brought forward 506,221 111,626 617,847 519,542 Total funds carried forward 482,577 155.657 638.234 617,847 16
NE Youth Limited la company limited by guarantee) Notes to the Financial Statements (Contlnued) For the ear ended 31 March 2024 Donations 2024 2023 Grants Donations 523,209 54,173 269,805 41,961 577,382 311,766 Grants provlded by; BBC Children in Need Believe Housing Brook Community Foundation - Dickon Trust Community Foundation Tyne and Wear County Durham and Darlington NHS Foundation County Durham Community Foundats'on - Know Your Neighbourhood Dickon Trust English Gambling Education Hub Garfield Vveston Foundation Gateshead Council Henry Smith Joicey Trust Joseph Strong Frazer Trust LGA Foundation Metro Centre - donation National Lollery Community Fund Netherton Park Trust Newcastle City Council Northumbria Police and Crime Commissioner Oliver Wyman Digitalward Pilgrim Trust Ponteland Town Council RW Mann Trust - RW Mann Scholefield Charitable Trust - Scholfield Trust Sir James Knoll Trust St Nicholas, Educational Trust StreetGames The Key Tyneside Charitable Trust UK Youth UKSPF l North Tyneside Council VONNE 17
NE Youth Limited (a company Ilmlted by guarantee) Notes to the Financial Statements (Continuedj For the ear ended 31 March 2024 Income from charitable actlvlties 2024 2023 Development work and provision of club SeiceS 239,709 419,670 239,709 419,670 Fundraising income 2024 2023 Income from fundraising 175,731 192,387 Investment income 2024 2023 Income from investments 7,870 5,220 other Income 2024 2023 Northumbria Coalition Against Crime {NCAC) 125,855 Analysls of expenditure 2024 2023 Expenditure on raising voluntary incame Investment management fees 40,810 1,641 60,169 2.878 42,451 63,047 18
NE Youth Limited (a company limited by guarantee> Notes to the Financial Statements (Contlnued) For the year ended 31 March 2024 AnalysTS of expenditure (continued) Activities undertaken dlrectly Support costs 2024 2023 Development Work 2nd provision of club services 766,018 204,640 970,858 826,833 766,018 204,640 970,658 826.833 10. Support & Governance costs 2024 2023 Staff Costs Staff and volunteer Office Premises Governance Other 40,810 57,423 42,779 36,225 27,403 48,495 30,384 48,685 43,240 1,200 4,172 204,640 176,176 19
NE Youth Limited la company limited by guarantee) Notes to the Financial Statements (Continued) For the ear ended 31 March 2024 11. Net incomel(expendlture) for the year This is stated after charging: 2024 2023 Depreciation I ndependenl examiners fee Audit fee 28,124 3,966 6,050 12,000 12. Analysls of staff costs, tru8tee remuneration and expens88, and the cost of key management personnèl Staff cost5 were as follows: 2024 2023 Wages and salaries Social security costs Other pension costs 465,471 41,004 23,378 418,810 36,675 19,556 529,853 475,041 The average monthly number of employees during the year was as follows: 2024 2023 Number Number Charitable activities 28 23 During the year no12023- none) employees received total employee benefits (excluding employer pension costs) of more than £60.000. The charity trustees were not paid or received any other benefits from employment in the year (2023 - £nil). No trustees were reimbursed expenses during the year (2023 - £nil). No charity trustee received payment for professional or other services supplied to the charity (2023- £nil)- The total employee benefits of the key management personnel of the charity were £110,885 (2023 £107,230). 20
NE Youth Limlted (a company limited by guarantee) Notes to the Financial Statements (Continued) Forthg ear ended 31 March 2024 13. Tangible Fixed assets Equipment Total Cost At 1 April 2023 Additions 32,037 56,066 32,037 56,066 At 31 March 2024 88,103 88,103 Depreclation At 1 April 2023 Charge for the year 20,494 28,124 20,494 28,124 At 31 March 2024 48,618 48,618 Nèt Book Value At 31 March 2024 39,485 39,485 At 31 March 2023 11,543 11,543 21
NE Youth Limited (a company limited by guarantee) Notes to the Financial Statements (Continued) For the ear ended 31 Mah 2024 14. Fixed asset investments 2024 2023 Listed Investments Cash funds held wth investment managers 238,850 3,538 218,749 11,829 242,388 230,578 Llslèd Investments Market Value At 1 April 2023 Additions Disposals Unrealised gain on investments 218,749 30,649 (18,2781 7,730 238,850 Historical cost 215,519 Equity investments that are traded on a quoted market are held at fair value determined by reference to the quoted price for identical assets in an active market at the balan sheet date. 22
NE Youth Llmited (a company Ilmited by guarantee) Notes to the Financial Statements (Continued) For the ear ended 31 March 2024 15. Debtors 2024 2023 43,458 7,982 Trade debtors Prepayments and accrued income 1,865 50,326 52,191 51,440 16. Creditors: Amounts falllng due wlthln one year 2024 2023 Trade creditors Accruals and deferred income Social security & pension creditor other creditors 16,826 14,150 1,201 1,334 7,788 31,934 2,858 908 33,511 43,488 17. Deferred income Deferred income relales to grants received relating to future periods. 2024 2023 30,135 21,455 (21,455) (30,135) Opening balance Resources deferred during the year Amounts released from previous years 21,455 21,455 Closing balan 18. Pension costs The charitable company operates a defined contribution pension scheme, during the period contributions of £23,378 (2023 - £19,656) were paid into the scheme. At the year end, £3,342 (2023 - £2,858) was payable to the pension provider. 23
NE Youth Limited (a company limited by guarantee) Notes to the Financial Stalements (Contlnued) For the ear ended 31 March 2024 Fund reconciliation Balance At 1 April 2023 Balance Galnsl 31 March Transfers (losses) 2024 Income Expenditure Unrestricted funds General funds 308,467 509,056 { 302,717) (1,746) 7,730 520,790 Designated funds Maglin Woods Merger with NCAC 144,110 30,000 (85,796) { 30,000) 58,314 Total 482,577 509.056 (418,513) (1,746 > 7,730 579,104 Restrlctéd funds Terry Liffen Fund Growth and Resilience Employabilily Programme Schools Work Rye Hill Blaydon East Durham Youth Fenham ancl Wingrove Know your Neighbourhood Mentoring RW Mann Throckley Winlaton Kenton NCS NEYA YEF Youth Print Odysseus Mentoring Partnership Wesl Moor End Ponteland Programme Other <£1000 1,913 8,688 15,221 5,000 44,322 8.388 (750) (4,344) (19,467) (6,770) (3,841) (18.388) 1,163 4,344 4,246 8,540 6,770 40,481 10.000 30,000 20,260 7,995 6,000 3,870 4,000 (30,000) (47,222) (44,156) (9,000) (12,691) (5,952) (9,043) (1,746) (126,231) (34,348) (94,509) (76,369) 26,962 65,913 8,000 10,055 1,952 9.043 29,752 3,000 1,234 1,746 126.231 34,348 94,509 144.738 24,935 23,390 25,510 2,119 68,369 24,935 (23.390) (25,510) { 1,869) 250 155,657 617,491 (594,596) 1,746 180,298 Total of funds 638,234 1,126,547 { 1.013.109) 7,730 759,402 24
NE Youth Limlted la company limited by guarantèe) Notes to the Financial Statements (Contlnuedj For the year ended 31 March 2024 19. Fund reconciliation (Continued) Balance At 1 April 2022 Balance Gainsl 31 March Transfers (losses) 2023 Unrestricted funds General funds Income Expenditure 276,331 762,758 (681.846) (30,000) { 18,776) 308,467 Designated fund8 Maglin Woods Merger wth NCAC 229,890 (85,780) 144,110 30,000 30,000 506,221 782,758 767,626 (18,776) 482,577 Restrlcted funds Terry Liffen Fund Growth and Resilience Lemington NWNT Planet Preservatlon Pioneers Employability Programme Schools Work Rye Hill Blaydon East Durham Youth Fenham and Wingrove Know your Neighbourhood Mentoring RW Mann Throckley Winlaton Other <£1000 2,663 10,188 6.169 8,000 9,915 11,648 9,583 53.460 (750) (1,500) (6,169) (10,720) (9,915) (6,427) (9,583) (9,138) (11,403) (8,830) 1,913 8,688 2,720 10,000 5,000 15,221 5,000 44,322 8,388 19.791 8,830 30,000 28,920 29,752 6,000 19,698 4,000 1,574 30,000 20,260 7,995 6,000 3,870 4,000 (8,660) (21,757) (15,828) (1,574) 111.626 166.285 { 122.254) 155,657 Total of funds 617.847 929,043 (889,880) (18,776) 638,234 Designated funds The £229,890 relates to a gift of Maglin Wocmjs from The Young Off Roaders Project. The Trustees have designated this for investment in developing NE Youth's services. The £30,000 relates to anticipated costs associated with the merger wth Northumbria Coalition Against Crime (NCAC). 25
NE Youth Limited (a company limited by guarantee) Notes to the Flnancial Statements (Continued) For the ear ended 31 March 2024 19. Fund reconclliation (contlnued) Restrlcted funds l#[ will-- To fund a cohort of young people to participate in learningjournalistic skills through the young reporter's academy, reporting on local social action wojects. Healthy and Happy- To invest in our Healthy and Happy Programme and distribute micro and social action grants lo our members. Blaydon To work with Twisting Oucks Theatre Company to create an awareness video about an issue that matters to them. The group chose climate change. Employability Programme - To deliver the 5 steps programme Growth and Resilience - To build resilience through digital transfonnation which will aid the organisation to have greater internal capacity to allow for growth. Lemington - To improve local facilities for young people. Rye Hill - To provide financial support for children and young people especially in Educationltraining and Amateur Sport in Newcastle (Rye Hill Youth Club funds vRre transferred to NE Youth in January). Schools Work - To develop and deliver a range of programmes to schools aGross the North East. Sport Leadership - To deliver and support delivery of sports leader's courses Terry Liffen Fund - Income received to fund a clay pigeon shooting annual event held in August Throckley - To support the delivery of activities and trtps for the youth project. NWNT (North West North Tyneside) - To support the development of a community approaGh to youth provision including a provision group and an Easter festival. Planet Preservation Pioneers- A social action project, where young people are recruited into a youth-led assembly to undertake research across the North East on the impact of climate change. East Durham Youth - To support the development of the East Durham Youth Strategy. Fenham and Wingrove - To support the delivery of activities and ttips for the youth project.
NE Youth Limited (a company limited by guarantee) Notes to the Financial Statements (Continued) For the ear ended 31 March 2024 Know your Neighbourhood - To boost volunteering 2nd help young women with the tools they ned to navigate life beyond. Mentoring - Healing Hearts & Minds will support young Men with the tools they need to navigate life beyond trauma. RW Mann - To fund three innovative projects presented in September 2022. Winlaton- Operation Payback Funds remitted by Winlaton Centre to NE Youth for work in Winlaton in April, May and June 2023. <£1000 - Smaller funds are combined in this group 20. Analysis of net assets between funds Ye r endgd 31 March 2024 Unrèstrlcted Deslgnated Restricted funds funds fund8 Total 2024 Flxed assets Fixed Asset I nvestments Current assets Current liabilities 39,485 242,388 272,428 {33.511) 39,485 242,388 511,040 (33,511) 58,314 180,298 520,790 58,314 180,298 759,402 Year ended 31 M8 2023 Unrestricted Designated Restrlcted funds funds funds Total 2023 Fixed assets Fixed Asset Investments Current assets Current liabilities 11,543 230,578 109,834 { 43.488) 11,543 230,578 439,601 (43,488) 174,110 155,657 308,467 174,110 155,657 638,234 21. Related party transactlons There have been no related party transactions in the year.
NE Youth Limlted (a company limited by guarantee) Notes to the Financial Statements (Continued) For the ear ended 31 March 2024 22. Reconciliation of net movement In funds to net cash flow from operating actlvltie5 2024 2023 Net income for the period 121,168 20,387 Adjustments for: Depreciation Losses I (Gains) on investments Income from investments Ilncreasel I decrease in debtors Increase l (decrease) in creditors Movement in investment cash 28,124 3,966 (7,730) 18,776 (7,870) (5,220) (9,977) (12,426) 8,291 (4,036) Net cash used in operating activities 131,255 19,619 28