Company Number. 05449270 ANNUAL REPORT AND HNANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 FOR HUYTON INMATNE 4 YOUTH ACTIVITIES IA company limited byguar8nl8el Company Number: 05443270 HUYTON INrriATIVE 4 YOUTH ACTIVITIES CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 Page L•gal and Admlnlstratlv• D•t*lls Tru#tèÈs' Report Indep8nd8nt Examlner's Report statement of Flnanclal Acllvltle$ Balancts Shegt Nole¥ formlng part of th• Flnanclal Stat8m•nts D¢tallèd Income and Expandltur• Account FOREWORD BY CHAFR: In Ihese timesol austsrity end hardshlp th8 work w$ carry oul has become evèn more crucial. Our appreciation goes to th8 lollowlng lunthng or9anlsa￿ons and indlviduals lor the contributions they make to $nable us io conliTtU8 carrying out our mud).needed servlces al HIYA.. KMBC One Knowglèy pcc Tgsco Pffjscol Aigburlh Ams Stalf & Customèrs LIVV Housing Alfred J Knlght Knowsley Town co￿￿tIl Local Indlvidu8ls Norlh Huyton Commuftlllès Future In-Klnd Direct Company Number OS443270 HUYTON INITIATIVE 4 YOUTH ACTIVITIES LEGAL AND ADMINISTRATIVE DETAILS FOR THEYEAR ENDED 31 MARCH 2024 TRUSTEES.. Chlo& Patricia Angela ThotllP89n Paul Wood8 Margaret Rose O'mara REGISTERED OFFICE: Hillywo(MJ Hillsifle Neighbouihood Contro Hillslde Avenue Huyton Livarpool Merseyside L36 8OS COMPANY NUMBER: 06443270 (England and Wales) CHARifY NUMBER: 1143622 IEng18nd and Wales) INDEPENDENT EXAMINER: Kellh Millar FCA John Kèrr- Chartered Acwuntants 375 Ealon Road West Derby Llverpool M8rs*yside L12 2AH BANKERS: HSBC UK Bank plc 33 Ormskiik Street St H61ens Mersey8ide WA10 28Z Poga 1 CompanyNumber-05443270 HUYTON INITIATIVE 4 YOUTH ACTNITIES TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Th8 twstees. who aro the dlwectorg lor the purpose of company law, pre88nt thelr annval trustees, report wllh the lin8ncial statements of Ihè charllable cornpany foi the year ended 31 M8reh 2024 whi¢h are also prepared to rneelthe requirgmenlg lor a dlrectors. reportend accounls lor Cornp8ni88 Act puip08e8. Thg legal ancl administr8tiva detai18 set oulon pgsge I foTm8 part of ¢hls report. The flnan¢lal8taiemgnls comptywSlhlhe Ch8flUèsAcl2011.the CompanlesAct2006, the Memorandum and A1￿cleS of Assouabon and Aeeounung and Reporb'Rg by Charllès.. Statemènt ol Recommended Pracleè applicable lo charfues preparing thalr accounts in accordanco with thè Flnanclal Reporting Slandard applicable in lh8 UK and Republlc ol Ireland {FRS1021 effective 1 January 2019. OUR PURPOSES AND ACTIVITIES The purposes ol Ihe charity are to act Is 8 resour¢& lor young pèople vp to lh8 of 25 Ilving in Huyton and Ihe surroundlng afeas by providlng advlce & asslslaneè and organising programmes ol physirAI, educallonal and olher aeliviti8sas a meansof advanclnginlifeattd helping young people bydèveloplng their skills. capa￿￿e$ and t8pabill￿9$ lo enabl8 them to Pa￿01pate in society as indep9ndenl. rnaluie and respon8lble Indlviduals and, 8dv8nclng educatsDn', rellevlng unemployment gnd providing r8cr8alsonal and lelsuie bme activities In Ihe inler8sls ol social wglfare. In shaplng ourobleclvesforlhe yearand pl8nnlng ouracb'vitJes,thg Injstèes havo wn8idered Ihe Charity CommlssK>n'8 guld8nce on public bènelll, Includlng Ihe guldance 'public benèlil.. running a charity IPB21'. The ch8Tity relies on thè incomo from granls and fundrglglng to cover it5 operating costs. Allordability and access to ourfociliti88 is Importanlto us and Is ¥elle¢l8d in our priclfig policy. ACHIEVEMENTS, PERFORMANCEAND PLANS FOR THE FUTURE The r&sults lor thè yèar and financial pos1￿0￿ of lh8 charity aro as shown in Ihè annexed flnaftcial slalgm8nts. The charity has seen a continugd demand loi tts s•Nlces and has had some succes8 in ob181nlng commilmenls lor lulure lundingtoenable illg lurlherlls aims. Th8 trustees are con￿RuIng to S88kaddition8lfundlng lo supportftslur8 Opgralon plans. Dufinglhe yearth8 tharfty operated Ihe Hlllslde Neighb0whO￿ Centre,which bèn8fltsthe local ¢ommuntybyollorfng drop-in ¢enlre providing 8dvite and assistancè on a range ol motters. The cenirè also ollers a parents and toddlgrs gry)vp. aller School and youth club$. an older persons, club as well as facllitie5 lor a rangg ol keep lil actithties, community events, resid8nts' maellngs and Ihe distribution and provlsion of food, all of whlch are rte81gned to have a P08illve Impaclon lh8 charlly's bengliciaries and th8 local eommunity. Thg twslèes lake Ih18 OPPOtiunlty of rèeognising the contributions ol lime and èllort made by Iha many lrfènds, volunt•ers and supporters without whom the a¢hlevern8nts to date would nol have happ8nèd and lo all funders lor providing IhB muchwne8d8d fundlng. resource5 and support during the per40d. RE8ERVES POLICY ANO GOING CONCERN Reservas are needed to bridge th8 gap ba￿een the 8P9ndtng and r8¢eivlng ol Income and to cover unplanned txpandilure. Thè tr￿St￿eS consid9r ihat the Id8al lèvèl ol reseNes would be In the regton of £90,000. Th8 charity's reservesat 31 March 2024 omounlgd to £71,144. Thls $I￿a￿On is largèly altribulabl8 to U)e past awumulated op8ratsng deficitseaused by a lack of lundlng.Th8 Irustees acknow18dgeth&eontlnued Itnanehl gUPPOrtof th8 varlovsfunders and editors and eonsider that, piovldlng the linan¢i815UPPtsrt ¢ontinu85, the charity Should be able to conllnue operations for Iha loresegable futt&rè. The tru5teos cOrn￿nue lo ¢on51d8r ways in which addldonal unrestrict8d lunds can bB raised. STRUCTURE, GOVERNANCEAND MANAGEMENT Huyton InStialive 4 Youth A¢llv11188 Is a chafilab19 Ix)mpany Ilmlted by guarantee, In¢orpora18d on 4 May 200S, and r8gSslered a5 a charilyon 1 $8plèmber2011.Membersol th8 charil8bl& companyguaranlee lo contsibulg an amounl not ex¢6¢ding £1 Fn Ihg 8vènl ol th& chgTIty windiny up. The company is gov9rnad by the pollclès made from time to Ilme by thè tAJslees togelhgr wilh the 18rms of Ils Memorandum8nd Arbcles ol As8o¢lalon which selout Ihe objects and pow¢rs of Ihe company. The proceduies lor the appointment, ielrernent and removal of tru5t&aS are set out In the Artscles. TflJStaès are encouraged lo ait8nd 8ppropriate 8Xtèmal tralnlng events where Lh$se will facilitale the undorlak¢ng of their role. The day-to4oy operaoonal asp8cl8 of th& Charlty have baen delegated ¢0 lh& Manager and h8r 188m. RELATED PARTIES None olth8 trustees receivg remuneralor* oroth8r Ilnancial bgnelitfiom ihelr woth with th8 charfty and any contractual relationship wilh a rgla18d party must be di8¢108@d to the lull board ol trustees. In Ihg current year, no such ralaled party tr8n$aclion8 werè reported. Page 2 Company Numb8r'. 05443270 HUYTON INMATIVE 4 YOUTH ACTIVITIES TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 ICONTINUEDI RISK MANAGEMENT The trustees hav8a iisk managemenlstralegywhlch comprises.. an annual feviewoflhe prindpal risk$8nd uncertaintres that thè charity laces and Ihg psigblishmenlof polici88, Systems arKI proc8dur6s lo mlligale those rlsks Identslied in the annual revlew,. and tho irnplemenlation ol procgduros do8lgned to minlmise or man30è 8ny polental impoct on the charity should thtsse rlsks ma18rialis*. Finanrial su81ainabllity Is the major financlèl rlsk for Iha chailty. A key element in the managementof Ilnanclal risk1$ 8 réoulsr revlew of avallable Ilquid funds to $8tt10 dèbis as they fall due and a¢￿v8 man8gemanl ol trade debtors and ¢r￿liOr balances k> ensuié sufflclenlwofklng c8pitsl Is avpilable. Bas8d on the assessmentscarried out, the companyb8llev8slh8111 has a linancial p08111on thatwlll enable il lo eononue wlth the opeTalion ol ihe community c8lltr6. AttOn￿oTr hasalso bèèn focused on non-flnanclal risksarislngfrom flre, he81th and salaty and lood hygiènè. The8e risks are mangged by ensurlng PTocedures and accred1lallo￿are up to date, havlng robust poli¢iES and procedures In place, af¥d regular awareness training for staff and volun188rs in thèse operational areas. TRUSTEES, RESPONSIBILIMES IN RELATION TO THE FINANCIAL STATEMENTS Thè truslees arè r&$ponslble for preparing a trusiees. annual feport and linanclal slalements in 8ccordanc9 With 8pplic8bl•18w and United Kingdom Accounting Stand8rds IUn5led Klngdom Genfjrally A¢capted Accounting PracUc81. Und8rcomp8nylaw thetrust88s mustnot approvethe flnandal 8talemerts unless they ar& sa￿s14ed Ihal th8y give a Inse xndlalrvlgw of the slate of èlfalrsollhe¢horil8blecornpanyand 01th8 incomlng r8s0urces and appl1ra￿onofre8O￿￿e$ Includlng th8 4ncomè and expenditure. ol the charltable 0)mpany for Ih4t perfod. In proparing tha Ilnancial $18temBnts, they aro raqulred lo.. 881ectsultable accounting polldBs and then apply Ihem conslstently., obseive th8 m8thods and principles in Chalillès SORP., makg judgements and aS￿m8t&S that are reasonable and prudenl., slate wheiher applicable UK accounting standards have been lollow8d. subject lo any malerfal departures disclosed and exp181n0d In Ihe linanclal $lalements'. prepara the finan¢i#l staiements on the going conr*in basis unless Ills Inappropriate to prè$ume Ihal Ih& charitabl8 company wlll ¢onUnug on Ihalbasls. The trustees ar8 ¥esponsible lor keeplng proper accounllng records Ihatdlsclosg wlth rga80nèble accuracy alany ￿m8 Ihe linanei81 position of Ihe charitabl8 totnpany and lo enabl8 them lo ensu￿ that th8 (￿nanCIal statemen15 Comply wlih Ihe CompaniesAc12006. They arè also responsibl&fors&feguarding thg a$satsof the charitable companyand hencèlor t8klng reasonable stsps for the preven￿On and detecuon of fraud and othèr Irregularilies. BY ORDEROFTHE BOARD OF TRUSTEES.. Maigèret Rose O'Mara- Twstoe It March 2025 Pagè 3 Company Ntsmb6r'. 05443270 INDEPENDENTEXAMINER'S REPORT TO THETRUSTEES OF HUYTON INifiATIVE 4 YOUTH ACTIVITIES I ieportto th8 charitytrust88s on my èxamlnabonof th8 ac¢ountsolthe cherilable coMpanylorlhey8ar ended 31 March 2024 whlch are set out on pages S 10 8. Thls report Is made to Ihe Charlty's trustees. as a bo1ory costs 2,000 2,053 Total ex ondllure 216,304 179.898 Nat Incomo and ngt movement In funds for the 11,042 10,991 Roconclllallon ol funds.. Total funds brought forward Total funds carrl•d foThvard The statemèntof flnancl81 actiwities Ineludes all galn8 and10$8os recognlsed In th8 year. Tho slatem8Dtof financlal acbvities incorporates the Income and 8xp8ndllure accounL Al Income and èxpondllur8 derlve3 ftofft conlJn*Jlng acllvlles. The notes form p8rlof these linonclal stalomenis P8ge 5 CompanyNumber05443270 HUYTON INITIATIVE 4 YOUTH ACTIVITIES 8ALANCE SHeET 31 MARCH 2024 31.3.2024 31.3.2023 Notes FIXED ASSETS Tangit4e a3S9ts 15A98 CURRENT ASSETS Deblors Cash al bank In hand 19,908 13.220 8B,230 88,744 LIA8ILITIE8 Creditors f8lllng due within (>ne year NETCURRENT ASSETS 55.646 54,252 TOTAL ASSETS LESS CURRENT LIABILITIES THE FUNDS OF THE CHARITY Unrestdcted ￿C￿n￿lunds 54,252 TOTAL CHARITY FUNDS The ¢ompany 1$ 8nbl8d to exemptiDn from audit und8r Séclon 477 of Ihe Comphnles Act 2006 for the y98r ended 31 March 2024. The members have not required Ihe company to obtain an audit of Its Ilnancial sts18mènls for Iho year end8d 31 March 2024 in accordanc8 wilh Section 476 of Ihe Companles Act 2006. The tNslee$ acknowledge Ihelr iesponslbillli&s for.. lal onsuring Ihal the wmpany keeps 8ecounllng records which comply wlth Seciion 386 and 387 of tho Companies Act 2006 ond Ibl preparing Ilnancld 8tat*mentswhlch glvg a IriJ8 and lalrview of Ihe State of affairstsllhe companyas althe end of each Ilnanrial ya8rènd ol its incomeBnd expendituro foreach Ilnancial y88r In accordance wllh the requ*rèments of Section 394 and 395 andwhlchotherwise cornply wllh the r8quiraments of Ihe Companles Act 2006 relatlng to flnancial slalements. $0 laf as applicablo Ic* Ihe comp811y. Thesg financialstalements h8ve been prepared in ac¢ordance wSlh the spe¢lal provisions of Part 1 S ol thB Companies Acl 2006 relating to small c£Jmpanies and COns￿t￿le Iho annual acwunta r8qulred by the Comp8nies Act 2006 and are for clrculation lo tnetnbers of lh8 company. The Ilnancial siatements w8re approved by thg Boafd of Trustee8 and authorlsed for Issua on18 Ma¥d1 2025 and wgr* slgned on118 behalf by: Margar8t Rose O'Mara- Tru8t8e The notes lorm partof the5& Ilnancl81 slaiemenis Page 6 Cofflpany Number.. 05443270 HuYfoN INITIATNe 4 YOUTH ACTMnes NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Tho prlncipal a¢￿untIng poIici8s adopled. ludgemenls and key sources of esUmation unc8rtalnty in th6 preparaoon ol the financi81 statements are as follows.. Basts of preparatlon Th& flnancial s18lerTrents have b88n prapared accordance wilh Accounting and Reporung by chari￿88: ststemenl ol Re¢ommend8d Pradice applicable lo charftios prepadng th&lr accounts In accordan¢8 with Ihe nanclal Repo￿￿0 St8nd8rd appllcable in Ihe UK and Rep¥bllc ol Ireland IFRS 1021 ellecuve 1 January 2019. th8 Financlal Reporting Standard appllcable In thè UK and Repvblicol Ireland IFRS 1021 and Ihe Compani&s Act 2006.Huyion Inlbalive4 Youlh Aetivlbas rne8tsthe definitionof a publicbenelilenlityunderFRS 102. Assets and Ilabilities aro Initially rècognlsed al historical cosl or transacbon valu8 un18SS tstheNise 818ted in the relevant a¢counJng policy no18S. Preparatlon of tha ac¢ount8 on a golng concern basls lrn preparing tho accounts. Ihè trustees have taken 8cwunt ol Ihe continued linanei81 support ol lh8 varfous funders and credltors and consider that. providlng thls flnan¢ial $upporteonllnues, the charlty should be ablè to continuè operattons lor Iha lomsoèable lulvre. Thg tsus188s continue lo considgr ways iii which 8dditional unreslricled funds c8n be ialse(l. Incomè recognl¢lon Items of ineomo ar& recoonised and included In Ihoa¢countswhèn all ofthe lollowSng ￿lleria are mel.. thè eharfty has enluemenlto the fynds.'any performanc8 Cond￿on98ttèCh8d tolhe ilemlslol Income hav8 been melor arè fullywithln the conlrolol Iho chaTsty: Ih8r8 Is sullleientcertalntythaliecelptof Ihe income ls¢onsldered probbble- and lh¢ atnountcan be m88$urèd rellably.Th8 value of8ervicesprovided by volunteers hasnol b98n Included in Ihgse accounts. Expenditure rocognllion Expenditure is recognlsedoncethere 1$ 816gal or constructive obllg81on to make a paymenl io a Ihifd paty, It is probJbl¢ thal setuementwill ba r8qulred, and the amounlof Ihe obligation ¢an bè measured reliably. Tanglble Ilxed ass•ts Indlvldual tangible Ilxod assets Costing £3,000 or more afe caplt81188d ateost. ANALYSIS OF STAFF COSTS AND STAFF NUM8ERS 31.3.2024 31.3.2D23 Wages and saari88 (No emF4oyee8 had wno4unenls in 8x¢o55 of t80,￿0) Social 5e(AJrity costs IEmrAoyèrs Naliond Insurall￿) Panslon conlribjtions 75,079 2,242 75,759 3,391 The 8verAgb monthly count durfng lh8 yaarwas ag lollow8'. 31.3.2024 31.3.2023 Operauon of na9hbouthood wtre and pnjectwork NETINCOME Thls is slated alter charglt)g- 31.3.2024 31.3.2023 Accountanty & Independent Exaffllnauon lèes Th8 charity trustees werènol pald, nordld Ih8y r8calv8 hnyothef bengfitsfrom employmenlwith thg charity in th year12023.'£nillneilh?rwere they reimbursed expenses during Ihe yèar (2023- £nlll. No charity trustee rec8lved paymenllor professlonal tsrolhtsr seNlces supplied lo tha￿ty {2023'. £nlll. P8ge 7 continued... Company Numbgr.. 05443270 HUYTON INITIATIVE 4 YOUTH ACTNMES NOTES TO THE FINANCIAL STATEMENTS - CDntlnuèd FOR THEYEAR ENDED 31 MARCH 2024 TANGI8LE FIXED ASSETS Compuler equlpment Motor v8hlGIg8 Tot81 Cost Ag 1 April 2023 AddSlons As 31 March 2024 Depreclatlon As 1 April 2023 Charg8 foT Iha year As 31 March 2024 Net book v•lu• A6 31 Maich 2024 As 31 M8r¢h 2023 DEBTQRS: AMOUNTS FALLING DUEWITHIN ONE YEAR 31.3.2024 31.3.2023 Prapaynents and aCc￿d InccThe 19,908 13,220 13,220 CREDITORS FALLING DUE WITHIN ONE YEAR 31.3,2024 31 J.2023 Répayab￿ fundlng advances loaJ)s Social sgajfity and otF£r laxes Accrua15 aNJ doferr&l Inc( 26,129 2,264 4.091 26,129 5.182 3,161 32 Page 8 Company Number.. 05443270 ANALYSIS OF MOVEMENTS IN CHARITABLE FUNDS G•r4eral unrestflctsd fund Funds at 1 April 2023 Incorning r8s>urces Outyolng reyJurce8 54,252 22T,406 1210 514 Fund8 8131 Maich 2024- repre8gnt&d by tr)tal 8s*ts less current Ik9blltiès Funds al 1 April 21Y22 Incomlng re￿urCeS Outgoing re￿)Urc8s 43,261 190,889 1179 8981 Funds al31 March 2￿23- {8pr8￿nted by tolal as*ts less curiènt l&abIl￿eS CORPORATION TN The charlty is exempllrom tax on Income and 981n$ to the extenltral thes8 are applied lo Its charitablg obje¢ts. LEGAL STATUS OF THE CHARITY The charity is a private company, limlted by guarantee, reglsler8d in England and Wa185, and has no shar• capllal. I the ev8nlol fhe charitabl8 companybeingwound up.the liabllltyln re5ped ollh8 guarantee Ss limlt8d lo £1 pgrmeml*r ol lh8 company. The compgny's reglsleTed nutnbèrand roglstereil office address Can be found on pag9 1. 10. FRC ETHICAL STANDARD . PROVISIONS AVAJLABLE FOR SMALL ENTITIES In common wlth many olher ¢harftles of our slz6 and na￿re we use our Independonl Examlner lo 8sslsl wilh Iho preparation ol Iho flnancial slat8mènls. Page8 Company Numb8r'. 05443270 HUYTON INMATIVE 4 YOUTH ACTIVIMES DETALED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 31.3.2024 31.3.2023 Income: Grants 8nd f￿d$ raised 227AO6 190,889 ExpendltUT?', Insurances Salartes National in￿1￿n EmF4oyer FEnsk)n tontr¢outions EquirKnenl and IT cos1$ Maintenance irainity and security (￿ting$, a¢tiviti8s, travel. resltsntial 8nd food Costs Adminlstrallor¢ cosls Mlscellaneou8 cos15 LegEJ & profesSI￿la1 le85 Bank charggs Payroll thirH$lration D8pr*aati 2.171 75,079 2,242 1.746 7,478 2.689 109,342 1.500 13B 2,000 106 858 1,796 75.759 3,391 1.732 4.313 72 88,106 3.699 172 858 Net In¢om• Page 9