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||||||Page|
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|Trustees'
annual
report (incorporating||the|director's|report)||
|Independent
auditor's
report to|the members||||13|
|Statement
offinancial
activities|(including||income and|||
|expenditure
account)|||||17|
|Statement
offinancial
position|||||18|
|Statement
ofcash flows|||||19|
|Notes to the financial statements|||||20|
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|Reference|and admi|nistrative
d|nistrative
d|etails|etails|etails|||
|---|---|---|---|---|---|---|---|---|
|Registered|charity|name||The Boathouse Youth|||Limited||
|Charity registration||number||1149320|||||
|Company|registration||number|08164995|||||
|Principal office and||registered||170Horsebridge|Road||||
|office||||Blackpool|||||
|||||FY37EA|||||
|The trustees|||||||||
|||||Mr David Brennand|||||
|||||Mr Paul
Dillon|||||
|||||Mr Philip Owen|||||
|||||Ms Victoria Thompson|||||
|||||Ms Tracy Harrison|||||
|||||Mr David
Maude|||||
|Company|secretary|||L Hancock|||||
|Auditor||||John Potter & Harrison|||||
|||||Chartered
accountants|||8 statutory|auditor|
|||||112/114Whitegate||Drive|||
|||||Blackpool|||||
|||||FY3 9XH|||||
|Bankers||||CAF Bank Limited|||||
|||||25 Kings
Hill Avenue|||||
|||||West Mailing|||||
|||||Kent|||||
|||||ME194JQ|||||
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note||F|E||
|Income and endowments||||||||
|Donations
and legacies|||5|596,364|481,103|1,077,467|1,072,420|
|Other trading
activities|||6|1,658||1,658||
|Investment
income|||7|1,786||1,786|20|
|Other income|||8|633||633|1,186|
|Total income||||600,441|481,103|1,081,544|1,073,626|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Costs of raising donations||and||||||
|legacies|||9|46 932||46,932|34,112|
|Expenditure
on charitable|activities||10,11|483,670|456,779|940,449|699,654|
|Total expenditure||||530,602|456,779|987,381|733,766|
|Net income and net movement||in|funds|69,839|24,324|94,163|339,860|
|Reconciliation
offunds||||||||
|Total funds brought
forward||||438,989|20,902|459,891|120,031|
|Total funds carried forward||||508,828|45,226|554,054|459,891|
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|31 December|20|22|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Note|||
|Fixed assets|||||||
|Tangible fixed assets||||16|67,115|30,492|
|Current assets|||||||
|Debtors||||17|6,718|8,842|
|Cash at bank and|in|hand|||609,656|478,425|
||||||616,374|487,267|
|Creditors: amounts||falling|due within one year|18|129,435|57,868|
|Net current assets|||||486,939|429,399|
|Total assets less|current||liabilities||554,054|459,891|
|Net assets|||||554,054|459,891|
|Funds ofthe charity|||||||
|Restricted
funds|||||45,226|20,902|
|Unrestricted
funds|||||508,828|438,989|
|Total charity funds||||21|554,054|459,891|
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|||||2022|2021|
|---|---|---|---|---|---|
||||||F|
|Cash flows from operating|activities|||||
|Net income||||94,163|339,860|
|Adjustments
for:||||||
|Depreciation
oftangible
fixed assets||||14,819|10,535|
|Government
grant income||||(199,125)||
|Other interest receivable
and similar income
Accrued expenses||||(1,786)
1,305|(20)
3,120|
|Changesin:||||||
|Trade and other debtors||||2,124|9,135|
|Trade and other creditors||||70,262|43,240|
|Cash generated
from operations||||(18,238)|405,870|
|Interest received||||1,786|20|
|Net cash (used in)/from
operating||activities||(16,452)|405,890|
|Cash flows from investing|activities|||||
|Purchase oftangible assets||||(51,442)|(19,681)|
|Net cash used
in investing
activities||||(51,442)|(19,681)|
|Cash flows from financing|activities|||||
|Government
grant income||||199,125||
|Net cash from financing
activities||||199,125||
|Net increase
in cash and cash||equivalents||131,231|386,209|
|Cash and cash equivalents|at beginning||ofyear|478,425|92,216|
|Cash and cash equivalents|at end ofyear|||609,656|478,425|
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|Donations
and le|gacies|||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2022|
||||F|E||
|Donations||||||
|Major donors|||414,033||414,033|
|Gifts||||||
|Gifts in kind|||90,500||90,500|
|Grants||||||
|Community
lottery||||40,730|40,730|
|Payback time trust||||17,250|17,250|
|Citizens Advice Bureau||||5,329|5,329|
|Henry
smith||||40,000|40,000|
|Blackpool council||||30,000|30,000|
|NHS Blackpool||||25,000|25,000|
|Edward
Gosling||||5,000|5,000|
|Garfield weston||||50,000|50,000|
|Halsall foundation||||||
|Children
in need||||29,465|29,465|
|Tudor trust||||22,500|22,500|
|Blackpool coastal|housing|||||
|Vera wolstencroft||||||
|Eric wright foundation|||12,500|11,362|23,862|
|Peter Barcock||||||
|UK Youth||||2,342|2,342|
|Blackpool clinical|commission|||3,000|3,000|
|Blackpool FC community||trust||||
|Centre for social justice||||||
|Government
grant|income|||199,125|199,125|
|Other donations|and legacies|||||
|Other donations|||79,331||79,331|
||||596,364|481,103|1,077,467|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
|||||F|F|
|Donations||||||
|Major donors|||495,103||495,103|
|Gifts||||||
|Gifts in kind|||90,827||90,827|
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|5.|Donations
and l|egacies|(continued)|||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2021|
|||||||F||
||Grants|||||||
||Community
lottery|||||50,729|50,729|
||Payback time trust|||||13,750|13,750|
||Citizens Advice Bureau|||||||
||Henry
smith|||||50,000|50,000|
||Blackpool council|||||108,916|108,916|
||NHS Blackpool|||||||
||Edward
Gosling|||||||
||Garfield weston|||||||
||Halsall foundation||||25,000|15,000|40,000|
||Children
in need|||||||
||Tudor trust|||||2,000|2,000|
||Blackpool coastal|housing||||9,386|9,386|
||Vera wolstencroft|||||26,500|26,500|
||Eric wright foundation|||||11,978|11,978|
||Peter Barcock|||||15,000|15,000|
||UK Youth|||||2,000|2,000|
||Blackpool clinical|commission||||||
||Blackpool FC community||trust|||4,796|4,796|
||Centre for social justice||||30,000||30,000|
||Government
grant|income||||||
||Other donations|and legacies||||||
||Other donations||||120,435|1,000|121,435|
||||||761,365|311,055|1,072,420|
|6.|Other trading
activities|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2022|Funds|2021|
|||||||E|F|
||Fundraising
events|||1,658|1,658|||
|7.|Investment
income|||||||
|||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||Funds|2022|Funds|2021|
|||||F|E|||
||Bank interest receivable|||1,786|1,786|20|20|
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|Other inco|me|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds|2021|
||||E|F|F|
|Other income||633|633|182|182|
|Insurance|claim|||1,004|1,004|
|||633|633|1,186|1,186|
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|Costs of raising donation|s
and le|gacies||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2022|Funds|2021|
|||F||||
|Costs of raising donations|and|||||
|legacies - Donations||46,932|46,932|34,112|34,112|
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|Expendit|ure
on charitable
activiti|es
by fund type|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||E|F||
|Outreach|work|474,685|456,779|931,464|
|Support|costs|8,985||8,985|
|||483,670|456,779|940,449|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2021|
|||F|E|E|
|Outreach|work|390,705|301,923|692,628|
|Support|costs|7,026||7,026|
|||397,731|301,923|699,654|
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|Expenditu|re|on charitable
ac|tivities
by activity type||||
|---|---|---|---|---|---|---|
||||Activities||||
||||undertaken|Support|Total funds|Total fund|
||||directly|costs|2022|2021|
||||||f.||
|Outreach|work||931,464||931,464|692,628|
|Governance||costs||8,985|8,985|7,026|
||||931,464|8,985|940,449|699,654|
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|12.|Net income|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Net income is stated after charging/(crediting):|||||||||||||
|||||||||||2022||2021||
|||||||||||||E||
||Depreciation
oftangible|||fixed|assets|||||14,819||10,535||
|13.|Auditors
remuneration|||||||||||||
|||||||||||2022||2021||
||Fees payable
for|the audit of|||the|financial||statements||3,600||3,600||
|14.|Staff costs|||||||||||||
||The total staff costs||and|employee||benefits for the reporting||||period are analysed
as|follows:|||
|||||||||||2022
f||2021
E||
||Wages and salaries|||||||||541,025||355,885||
||The average head|count||ofemployees|||during||the year was|48 (2021:16).The average||number|of|
||full-time
equivalent||employees||during||the|year|is analysed as follows:|||||
|||||||||||2022||2021||
|||||||||||No.||No.||
||Chief Executive|||||||||1|||1|
||Key management|personnel||||||||3|||3|
||Support staff|||||||||44|||12|
|||||||||||48|||16|
||The number ofemployees|||whose||remuneration|||for the year|fell within the following|bands, were:|||
|||||||||||2022||2021||
|||||||||||No.||No.||
||f60,000 to 269,999|||||||||||||
||f70,000 to 679,999|||||||||1||||
|||||||||||1||||
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|16.|Tangible fixed as|set|s||||
|---|---|---|---|---|---|---|
||||||Leasehold||
|||||Fixtures and|property||
|||||fittings|improvement|Total|
|||||||f.|
||Cost||||||
||At 1 January 2022|||63,720|27,242|90,962|
||Additions|||6,363|45,079|51,442|
||At 31 December|2022||70,083|72,321|142,404|
||Depreciation||||||
||At 1 January
2022|||41,012|19,458|60,470|
||Charge for the year|||10,600|4,219|14,819|
||At 31 December|2022||51,612|23,677|75,289|
||Carrying
amount||||||
||At 31 December|2022||18,471|48,644|67,115|
||At 31 December 2021|||22,708|7,784|30,492|
|17.|Debtors||||||
||||||2022|2021|
||Trade debtors||||800||
||Prepayments
and|accrued income|||5,873|8,842|
||Other debtors||||45||
||||||6,718|8,842|
|18.|Creditors: amounts||falling due within one year||||
||||||2022|2021|
||Trade creditors||||6,324|9,065|
||Accruals and deferred||income||112,341|40,872|
||Social security and other taxes||||10,770|7,931|
||||||129,435|57,868|
|19.|Deferred income||||||
||||||2022|2021|
|||||||F|
||Amount
deferred|in year|||107,436|37,272|
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|Government|grants|grants|||||
|---|---|---|---|---|---|---|
|The amounts|recognised
in the financial||statements|for government|grants are as follows:||
||||||2022|2021|
||||||E||
|Recognised|in income from donations|and legacies:|||||
|Government|grants income||||199,125||
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|Unrestri|cte|d
funds||||||
|---|---|---|---|---|---|---|---|
|||||At|||At|
||||1|Jan 2022|Income|Expenditure|31Dec 2022|
|||||F||||
|General|funds|||438,989|600,441|(530,602)|508,828|
|||||At|||At|
||||1|Jan 2021|Income|Expenditure|31 Dec 2021|
||||||F|E||
|General|funds|||108,261|762,571|(431,843)|438,989|
|Restricted||funds||||||
|||||At|||At|
||||1|Jan 2022|Income|Expenditure|31Dec 2022|
|||||E||||
|Restricted||Funds||20,902|481,103|(456,779)|45,226|
|||||At|||At|
||||1|Jan 2021|Income|Expenditure|31 Dec 2021|
|||||E||P||
|Restricted||Funds||11,770|311,055|(301,923)|20,902|
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|Analysis|of net as|sets between funds||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds
F|Funds
F|2022
f|
|Tangible|fixed assets||21,889|45,226|67,115|
|Current|assets||508,938|107,436|616,374|
|Creditors|less than|1 year|(21,999)|(107,436)|(129,435)|
|Net assets|||508,828|45,226|554,054|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
||||F|F||
|Tangible|fixed assets||9,590|20,902|30,492|
|Current|assets||449,995|37,272|487,267|
|Creditors|less than|1 year|(20,596)|(37,272)|(57,868)|
|Net assets|||438,989|20,902|459,891|
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|Analysis|ofchan|ges
in net debt|||||
|---|---|---|---|---|---|---|
||||At||At||
||||1 Jan 2022
F|Cash flows|31 Dec|2022
f|
|Cash at bank and||in hand|478,425|131,231|609,656||
|Operating|lease|commitments|||||
|Operating
lea|Operating
lea|se commit|ments|||||
|---|---|---|---|---|---|---|---|
|The total future||minimum|lease payments|under non-cancellable|operating|leases are|as follows:|
|||||||2022|2021|
|||||||E|E|
|Not later than||1 year|||||24,404|
|Later than|1 year and not||later than 5years|||40,024|31,484|
|||||||40,024|55,888|
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