**REGISTERED COMPANY NUMBER: 08407987 (England and Wales) REGISTERED CHARITY NUMBER: 1154678** 

## **REPORT OF THE TRUSTEES AND** 

**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2022** 

**FOR** 

## **BISHOPS STORTFORD YOUTH PROJECT** 

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 July 2022** 

||**Page**|
|---|---|
|**Report of the Trustees**|1 to  6|
|**Independent Examiner's Report**|7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9 to  10|
|**Notes to the Financial Statements**|11 to  22|
|**Detailed Statement of Financial Activities**|23 to  24|





**BISHOPS STORTFORD YOUTH PROJECT** 

## **REPORT OF THE TRUSTEES for the year ended 31 July 2022** 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2022. The trustees have adopted the provisions of 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). 

## **OBJECTIVES AND ACTIVITIES** 

## **Overview** 

Each year Bishop's Stortford Youth Project (BSYP) publishes a report, in-line with the requirements from the Charity Commission that looks back at the last 12 months. As we do this we not only want to review the previous year but also look forward to the year ahead. 

BSYP is a local charity working in partnership with Community Church Bishop's Stortford (CCBS) and Hertfordshire County Council (HCC) in order to serve the needs of young people. Our vision is to welcome, engage, encourage and empower young people and the youth culture in Bishop's Stortford and surrounding areas, by providing a youth café, mental well-being support, and mentoring for 11 - 18s and community building activities and events. 

We want to help provide strong foundations for young people where they can flourish and grow into well rounded, grounded adults who contribute as individuals and are part of their community and society. 

We, as the Trustees of the charity, are so proud of the work that the charity does impacting the lives of young people, helping them to make the most of the opportunities available to them. Our hope is that as you read this report you will not only learn about the charity but also catch the heart behind what we do. 

## **Public Benefit** 

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objects and in planning future activities and setting policy for the year. 

## **LEADERSHIP OF THE PROJECT** 

## **The Trustee team** 

We aim to have a minimum team of five voluntary Trustees who oversee the project to ensure that it maintains good working practice. The team meets a minimum of 3 monthly and sets strategic direction, drawing on the expertise of individuals to help drive us towards meeting our goals. During 2022 we are pleased to report that three new members have joined the trustee team: Darren Woolnough, Caroline Clark, and Rebecca Millican; Natalie Bayne resigned as a trustee and secretary in 2021 due to moving from the area and in 2023 Martin Claxton resigned as a trustee and chair for the same reason. We would like express our appreciation for their hard work and diligence over the years. 

## Martin Claxton - Chair (resigned 17th January 2023) 

Martin works as a project manager for a large development company and has been involved from the early stages of the project. Having parented three boys who spent their teenage years in Bishop's Stortford, Martin is keen to support the charity because of the creative way it seeks to meet the needs of young people in the town. Because of moving away from the area, Martin resigned as a trustee and Chair in January 2023. 

## Jefferey Buck - Treasurer 

Jeff has been part of the project almost since its inception. He brings a wealth of wisdom and experience gained from years of running his own business, which are ideal for his role as treasurer. He is instrumental in the financial integrity of the project and is pleased to be able to use his skills and experience to make a positive contribution in the lives of the young people of the town. 

## Natalie Bayne 

Natalie joined the trustee team in 2015. She is a qualified midwife, having worked beforehand in publishing for a number of years. Natalie brings a fantastic combination of insight, analytical thinking and administrative skill. She also gives a considerable amount of her time to supporting the operation of the project. Because of moving away from the area, Natalie resigned as a trustee and secretary in December 2021. 

Page 1 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **REPORT OF THE TRUSTEES for the year ended 31 July 2022** 

## **OBJECTIVES AND ACTIVITIES** 

## David Guest 

David joined the trustee team in 2017.  He works as a musician and co-runs a business, both of which allow him to bring creativity and knowledge of running a business to the team. David also studied Law at University and brings this insight to the role. 

## Rachel Jones - Secretary 

Rachel joined the trustee team in December 2021. She is a mother of 3 daughters and supports the local community in various groups. She is also a part time Post Mistress serving the people in her area who cannot necessarily make it into town. Upon joining the team, Rachel has kindly taken over as secretary from Natalie. 

## Darren Woolnough (Chair from 17th January 2023) 

Darren joined the trustee team in July 2022 and took over the role of Chair in January 2023 

Darren works in London as the Managing Director of a company within the TV, Sport, Film, Music, Fashion & Music Industries.  Darren is married to Annie and they have 3 young children. 

Darren has a huge passion for youth and is keen to ensure they have a safe place to have fun and to develop their skillset as they journey towards adulthood. 

## Caroline Clark 

Caz joined the trustee team in July 2022. She brings a wealth of experience as has worked in the voluntary sector for nearly 20 years, focusing on charities which endeavour to bring life changing hope to people  struggling with homelessness and addiction; she was an Acting CEO and Deputy CEO for a charity in Shoreditch. More recently she has provided PA and finance admin for her husband's business as well as working part time in an arts café. She has been a Trustee for local charities in London and Hertfordshire for over 13 years. 

## Rebecca Millican 

Rebecca joined the trustee team in August 2022 after moving to England in 2021. She is a qualified Maths and Science teacher, having worked as a cafe supervisor throughout her studies. Rebecca has a number of years of youth work experience that she brings to her role to offer insight into working with community and schools. 

## **The Members of the Charity** 

The BSYP has a key partnership with the Community Church Bishop's Stortford (CCBS) and it is the senior leaders of CCBS who provide oversight to the charity as registered members. CCBS not only offer an on-going financial commitment to the project but also give their support, advice and strategic input to the project when needed. 

## **Staff** 

The priority for 2022 continued to be to support young people, especially around the area of mental well-being. The after effects of the various covid restrictions are still having a significant impact on the mental and emotional health of young people. 

We continued to receive significant grants to enable us to help young people in these particular areas. In order to deliver the response needed, the charity is now employing three staff members on a part time fixed-term basis. We are pleased to report that we have recruited Amanda Orange for schools mentoring project and our well-being project. 

## Jake Tucker - Chief Executive Officer 

In October 2022 Jake's role and title was changed to Chief Executive Officer to reflect the increased activities of the charity and his subsequent increased responsibilities. 

Jake joined the project in September 2015 and has over 16 years' experience working with young people in a number of different settings. Jake's experience in and passion for working with young people helps ensure we are able to deliver a high quality service to the young people of the town. 

## Tina Liu - Youth Worker 

Tina joined the team in July 2020 and has passion for working with children and young people to encourage them in becoming the best they can be and helping them build confidence and developing themselves and pushing boundaries. 

Page 2 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **REPORT OF THE TRUSTEES** 

## **for the year ended 31 July 2022** 

## **OBJECTIVES AND ACTIVITIES** 

## Ben Frain - Youth Worker and Operations Coordinator 

Ben joined the staff team in July 2021 after previously volunteering in the project previously. Ben is passionate about releasing young people in the creative arts. He is also brilliant at coming along side young people that need support. In October 2022, we increased Ben's hours so that he could take on the additional role Operation Coordinator. 

## Amanda Orange - Youth Worker 

Amanda joined the staff team in April 2022. Amanda is training to be a counsellor and has joined the team to support our mentoring and well-being projects. Her experience coming alongside young people has been very beneficial to the young people and the charity. 

## Part time Sessional Workers 

The use of Sessional workers continued through the year and provided valuable support in achieving the extended opening hours of the café and supervising external activities during school holidays. 

## - David Cody Community Fundraiser 

David left the team in September 2022 when his contract was completed. 

## **ACHIEVEMENT AND PERFORMANCE Activities during last 12 months** 

Our open access drop-in is Tuesday - Friday 3-6pm and Saturday 1-5pm. We have over 1200 young people registered at BSYP and around 500 attend regularly. 

Other activities include school holiday trips to aqua splash, escape room, laser tag, go karting and extra hours for our drop in, social action, where young people see a problem and offer to help. 

We have continued to offer specialist services to young people as part of our well-being project on Monday afternoons, offering them a 'holding place' in partnership with the NHS - a safe place whilst they await access to other services. This work is highly valued by our local NHS partners and has been nominated for several NHS awards. 

In February 2022 we started in school mentoring with one of the local secondary schools, with two more schools following in May. Currently we are supporting around ten young people for six to 10 weeks at a time. 

We continue to work in partnership with ASPECTS to run Crucial Crew for over 700 year 6 young people, to help them transition into secondary school. 

We continue to partner with Grove Cottage, a subsidiary of Mencap, which enables another local charity to benefit from our facilities, using it as a training opportunity for people with learning disabilities by equipping them in running a café. 

We continue our partnership with a network of parents supporting their children's education from home who hire our venue every other week. 

Page 3 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **REPORT OF THE TRUSTEES for the year ended 31 July 2022** 

## **IMPACT & OUTCOMES** 

Bishop's Stortford Youth Project aims to 

- Reduce loneliness and help avoid social isolation 

- Increase self-confidence and self esteem 

- Improve happiness, wellbeing and mental health 

- Improve life and social skills and develop potential 

- Increase independence 

- Inspire young people to find their voice 

- Demonstrate positive, healthy relationships 

- We also help to 

- Improve attendance, participation and at school 

- Reduce youth related crime and Antisocial behaviour in Bishop's Stortford 

- Improve perception of young people within Bishop's Stortford and develop a sense of community. 

We achieve our aims by providing Thirst Youth Cafe, a safe space, in Bishop's Stortford, for young people, aged 11 - 18, to drop in, meet and make friends and have fun. 

In our 2022 survey we obtained the following information: 

Young people come to Bishop's Stortford Youth Project / Thirst for a variety of reasons 

- to meet and make friends 63% 

- because it's welcoming and friendly 51% 

- because it's a safe place for young people 53% 

- - to volunteer 15% 

- to talk to the adults / youth workers 10% 

Young People are: 

- happy 95% 

- feel with friends at Thirst 85% 

- feel safe 95% 

- fell confident 88% 

- feel relaxed 95% 

- feel included 88% 

We are open at least 5 days per week, after school, on Saturdays and during school holidays. 

Providing a safe space is seen in a holistic way.  To Bishop's Stortford Youth Project it means creating an environment where young people are kept physically safe but also where they are safe to be themselves, being able to make mistakes and learn rather than be criticised.  We aim to develop young people and youth culture in Bishop's Stortford developing individuals and building community cohesion. 

We have exciting plans to develop Thirst Youth Cafe in the future and hope to be able to provide a wide range of additional outreach youth services including body image, addiction workshops, events and training for young people, and open more hours subject to securing additional funding. 

## **STRATEGIC PLANNING AND SUSTAINABILITY** 

The Council is continuing to offer us the lease at a significant discount to the market rate which we are very grateful for, as without this we would not be able to continue to operate. 

The financial year ended making a small deficit. The trustees are confident of having sufficient funds available at the current year end. 

Any growth or expansion of the project is planned with long-term sustainability in mind. 

Page 4 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **REPORT OF THE TRUSTEES** 

## **for the year ended 31 July 2022** 

## **ACHIEVEMENT AND PERFORMANCE** 

## **Sponsors** 

This year we continue to have received wonderful support from local individuals, churches and organisations. We give particular thanks to UK Youth, Hertfordshire Community Foundation, Hertfordshire County Council (Building Life Chances), BBC Children in Need, East Herts District Council, Brazier Trust, Garfield Weston, National Lottery Community Fund, ITVET, Co-op, St Michael's PCC, Kickstart, Four Acre Trust, and Christian Community Church Bishop's Stortford, as well as the many individuals who have supported us through the year. 

Also, as mentioned earlier, our thanks to our landlords, Hertfordshire County Council, for both their practical help with the lease and their continued encouragement. 

We also would like to take this opportunity to thank our wonderful volunteers. We are really grateful for their continued dedication and support. 

## **FINANCIAL REVIEW** 

## **Financial Summary** 

We had an income of £143,637 in the financial year 2021/22, which was a decrease on the previous year. This decrease was mainly due to the reduction in grants which were available to help us support young people during the Covid crisis. All of the grant income received in the financial year was restricted, as shown in the statement of financial activities and balance sheet. 

Other funds raised have come from donations from the community church and its members, local churches, schools, and businesses. 

We ended with a small debit for the financial year of £3,416. 

## **Fundraising Plan** 

The Trustees review the on-going fundraising achievements at each trustees' meeting. 

## **Reserves policy** 

The Trustees have a reserves policy of retaining at least six months' running costs based on previous year's expenditure. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **Governing document** 

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

## **Legal Information** 

Bishop's Stortford Youth Project (company registration no. 08407987) is a registered charity (no.1154678) limited by guarantee and trades under the name Thirst Youth Café. 

The charitable objectives of Bishop's Stortford Youth Project Limited trading as 'Thirst Youth Café' are 'to engage, promote and develop the Young people and the youth culture of Bishop's Stortford' 

The registered address is: The Charis Centre, Water Lane, Bishop's Stortford, CM23 2JZ. 

The charity's activities are centred on The Thirst Youth Café, 76 South Street, Bishop's Stortford, Hertfordshire, CM23 3AZ. 

## **Risk Assessment** 

Major risks have been reviewed and systems and procedures have been put in place to manage these risks.  These policies are reviewed yearly by the Operations Manager, who in turn reports his findings to the Trustees. 

## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 

08407987 (England and Wales) 

Page 5 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **REPORT OF THE TRUSTEES for the year ended 31 July 2022** 

## **Registered Charity number** 

1154678 

## **Registered office** 

The Charis Centre Water Lane Bishops Stortford Hertfordshire CM23 2JZ 

## **Trustees** 

M Claxton (resigned 17.1.23) R Millican (appointed 9.8.22) D Woolnough (appointed 26.7.22) Chair - 17.1.23 C Clark (appointed 26.7.22) R Jones (appointed 10.12.21) D Guest J Buck N Bayne (resigned 10.12.21) 

## **Independent Examiner** 

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 

## **EVENTS SINCE THE END OF THE YEAR** 

Information relating to events since the end of the year is given in the notes to the financial statements. 

Apr 17, 2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by: 

J H Buck J H Buck (Apr 13, 2023 12:29 GMT+1)........................................................................ J Buck - Trustee 

D Woolnough D Woolnough (Apr 17, 2023 10:43 GMT+1) 

........................................................................ D Woolnough - Chair 

Page 6 



**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BISHOPS STORTFORD YOUTH PROJECT** 

## **Independent examiner's report to the trustees of Bishops Stortford Youth Project ('the Company')** 

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2022. 

## **Responsibilities and basis of report** 

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). 

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). 

I have no concerns and 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. 


Christopher Marsh MAAT Association of Accounting Technicians Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 

Apr 17, 2023 Date: ............................................. 

Page 7 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 July 2022** 

|Unrestricted<br>fund<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>53,029<br>**Charitable activities**<br>Youth Project<br>-<br>Other trading activities<br>3<br>10,608<br>**Total**<br>63,637<br>**EXPENDITURE ON**<br>Raising funds<br>12,023<br>**Charitable activities**<br>Youth Project<br>22,730<br>**Total**<br>34,753<br>**NET INCOME/(EXPENDITURE)**<br>28,884<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>146,608<br>**TOTAL FUNDS CARRIED FORWARD**<br>175,492|Restricted<br>funds<br>£<br>-<br>80,000<br>-<br>80,000<br>-<br>112,300<br>112,300<br>(32,300)<br>53,254<br>20,954|31.7.22<br>Total<br>funds<br>£<br>53,029<br>80,000<br>10,608<br>143,637<br>12,023<br>135,030<br>147,053<br>(3,416)<br>199,862<br>196,446|31.7.21<br>Total<br>funds<br>£<br>45,495<br>141,954<br>5,206<br>192,655<br>11,207<br>100,026<br>111,233<br>81,422<br>118,440<br>199,862|
|---|---|---|---|



## **CONTINUING OPERATIONS** 

All income and expenditure has arisen from continuing activities. 

The notes form part of these financial statements 

Page 8 



## **BISHOPS STORTFORD YOUTH PROJECT (REGISTERED NUMBER: 08407987)** 

## **BALANCE SHEET** 

## **31 July 2022** 

|Unrestricted<br>fund<br>Notes<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>9<br>29,097<br>**CURRENT ASSETS**<br>Stocks<br>10<br>519<br>Debtors<br>11<br>6,691<br>Cash at bank and in hand<br>141,345<br>148,555<br>**CREDITORS**<br>Amounts falling due within one year<br>12<br>(2,160)<br>**NET CURRENT ASSETS**<br>146,395<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>175,492<br>**NET ASSETS**<br>175,492<br>**FUNDS**<br>13<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Restricted<br>funds<br>£<br>-<br>-<br>-<br>20,954<br>20,954<br>-<br>20,954<br>20,954<br>20,954|31.7.22<br>Total<br>funds<br>£<br>29,097<br>519<br>6,691<br>162,299<br>169,509<br>(2,160)<br>167,349<br>196,446<br>196,446<br>175,492<br>20,954<br>196,446|31.7.21<br>Total<br>funds<br>£<br>36,829<br>532<br>6,579<br>157,601<br>164,712<br>(1,679)<br>163,033<br>199,862<br>199,862<br>146,608<br>53,254<br>199,862|
|---|---|---|---|



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022. 

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006. 

The trustees acknowledge their responsibilities for 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

The notes form part of these financial statements 

continued... 

Page 9 



## **BISHOPS STORTFORD YOUTH PROJECT (REGISTERED NUMBER: 08407987)** 

## **BALANCE SHEET - continued 31 July 2022** 

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:  Apr 17, 2023 

J H Buck J H Buck (Apr 13, 2023 12:29 GMT+1) 

............................................. 

J Buck – Trustee 

D Woolnough D Woolnough (Apr 17, 2023 10:43 GMT+1) 

............................................ 

D Woolnough - Chair 

The notes form part of these financial statements 

Page 10 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 July 2022** 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements and assessment of going concern** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

The financial statements are presented in sterling (£). 

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. 

## **Critical accounting judgements and key sources of estimation uncertainty** 

In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements. 

## Useful economic life of tangible fixed assets: 

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Improvements to property -  10% on cost Fixtures and fittings -  20% on cost Equipment -  20% on cost 

## **Stocks** 

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Debtors** 

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. 

## **Cash at bank and in hand** 

continued... 

Page 11 



**BISHOPS STORTFORD YOUTH PROJECT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued** 

**for the year ended 31 July 2022** 

## **1. ACCOUNTING POLICIES - continued** 

## **Taxation** 

Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations. 

## **Creditors** 

Creditors are recognised where then charity has a present obligation resulting from a past event that will 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 are recognised at their settlement amount. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme.  Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

## **2. DONATIONS AND LEGACIES** 

## **3.** 

|**DONATIONS AND LEGACIES**|||
|---|---|---|
||31.7.22|31.7.21|
||£|£|
|Donations|50,763|40,071|
|Gift aid|2,266|5,424|
||53,029|45,495|
|**OTHER TRADING ACTIVITIES**|||
||31.7.22|31.7.21|
||£|£|
|Shop income|10,608|2,129|
|Other fund raising activities|-|3,077|
||10,608|5,206|



## **OTHER TRADING ACTIVITIES** 

continued... 

Page 12 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2022** 

## **4. INCOME FROM CHARITABLE ACTIVITIES** 

|Activity<br>Grants<br>Youth Project<br>Grants received, included in the above, are as follows:<br>All Churches Trust<br>BBC Children in Need<br>Brazier Trust<br>Christopher Laing Foundation<br>HCC<br>East Herts Council<br>Garfield Weston<br>HCF #Iwill<br>Herts Community Foundation (HCF)<br>Herts Health Together<br>Julia and Hans Rausing Youth Centre Recovery Fund<br>Locality<br>National Lottery<br>Postcode Places<br>Shanley Foundation<br>Sisters of the Holy Cross<br>St James Place<br>United Way - Give Local<br>UK Youth|31.7.22<br>£<br>80,000<br>31.7.22<br>£<br>-<br>10,000<br>5,000<br>-<br>7,500<br>7,500<br>35,000<br>-<br>5,000<br>-<br>-<br>-<br>10,000<br>-<br>-<br>-<br>-<br>-<br>-<br>80,000|31.7.21<br>£<br>141,954|
|---|---|---|
|||31.7.21<br>£<br>3,350<br>-<br>-<br>1,000<br>-<br>28,430<br>-<br>8,250<br>10,000<br>924<br>18,000<br>500<br>-<br>15,000<br>2,000<br>20,000<br>2,500<br>2,000<br>30,000|
|||141,954|



## **5. NET INCOME/(EXPENDITURE)** 

Net income/(expenditure) is stated after charging/(crediting): 

||31.7.22|31.7.21|
|---|---|---|
||£|£|
|Depreciation - owned assets|10,807|6,083|
|Independent Examination|1,200|1,032|



## **6. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31 July 2022 nor for the year ended 31 July 2021. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 31 July 2022 nor for the year ended 31 July 2021. 

## **Key management** 

The trustees consider the role of Key Management to be that of the CEO (formerly the Operations Manager). 

During the year, Key Management received remuneration totalling £30,345 of which £30,345 was gross salary (2021: £29,609) and £nil was pension contributions (2021: £170) 

continued... 

Page 13 



**BISHOPS STORTFORD YOUTH PROJECT** 

**NOTES TO THE FINANCIAL STATEMENTS - continued** 

## **for the year ended 31 July 2022** 

## **7. STAFF COSTS** 

The average monthly number of employees during the year was as follows: 

|<br>All employees<br>No employees received emoluments in excess of £60,000.<br>**8.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>fund<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>45,494<br>**Charitable activities**<br>Youth Project<br>27,357<br>Other trading activities<br>5,206<br>**Total**<br>78,057<br>**EXPENDITURE ON**<br>Raising funds<br>5,467<br>**Charitable activities**<br>Youth Project<br>13,593<br>**Total**<br>19,060<br>**NET INCOME**<br>58,997<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>87,610<br>**TOTAL FUNDS CARRIED FORWARD**<br>146,607|31.7.22<br> <br>3<br>Restricted<br>funds<br>£<br>1<br>114,597<br>-<br>114,598<br>5,740<br>86,433<br>92,173<br>22,425<br>30,830<br>53,255|31.7.21<br>2<br>Total<br>funds<br>£<br>45,495<br>141,954<br>5,206<br>192,655<br>11,207<br>100,026<br>111,233<br>81,422<br>118,440<br>199,862|
|---|---|---|



continued... 

Page 14 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2022** 

## **9. TANGIBLE FIXED ASSETS** 

|Improvements<br>Fixtures<br>to<br>and<br>property<br>fittings<br>£<br>£<br>**COST**<br>At 1 August 2021<br>106,572<br>9,066<br>Additions<br>-<br>3,075<br>At 31 July 2022<br>106,572<br>12,141<br>**DEPRECIATION**<br>At 1 August 2021<br>74,646<br>6,122<br>Charge for year<br>9,113<br>1,204<br>At 31 July 2022<br>83,759<br>7,326<br>**NET BOOK VALUE**<br>At 31 July 2022<br>22,813<br>4,815<br>At 31 July 2021<br>31,926<br>2,944<br>**10.**<br>**STOCKS**<br>Stocks<br>**11.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Other debtors<br>Gift Aid<br>Prepayments|Equipment<br>£<br>15,414<br>-<br>15,414<br>13,455<br>490<br>13,945<br>1,469<br>1,959<br>31.7.22<br>£<br>519<br>31.7.22<br>£<br>240<br>433<br>3,205<br>2,813<br>6,691|Totals<br>£<br>131,052<br>3,075<br>134,127<br>94,223<br>10,807<br>105,030<br>29,097<br>36,829<br>31.7.21<br>£<br>532<br>31.7.21<br>£<br>-<br>7<br>4,173<br>2,399<br>6,579|
|---|---|---|



Page 15 

continued... 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2022** 

## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|**CREDITORS: AMOUNTS FALLING DUE WITHIN**|**ONE YEAR**||
|---|---|---|
||31.7.22|31.7.21|
||£|£|
|Trade creditors|1,372|-|
|Social security and other taxes|788|647|
|Accrued expenses|-|1,032|
||2,160|1,679|



## **13. MOVEMENT IN FUNDS** 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>UK Youth<br>HCC<br>Tesco Groundworks<br>Herts Health Together<br>HCF - #Iwill<br>Julia and Hans Rausing Youth Centre<br>Recovery Fund<br>Postcode Places<br>St James Place - Wellbeing workshops<br>Christopher Laing Foundation<br>BBC Children in Need<br>EHDC Mental health & Wellbeing<br>Brazier Trust<br>**TOTAL FUNDS**|At 1.8.21<br>£<br>146,608<br>22,802<br>-<br>379<br>112<br>6,540<br>4,921<br>15,000<br>2,500<br>1,000<br>-<br>-<br>-<br>53,254<br>199,862|Net<br>movement<br>in funds<br>£<br>28,884<br>(22,802)<br>7,500<br>(379)<br>(112)<br>(6,540)<br>(4,921)<br>(15,000)<br>(680)<br>(1,000)<br>5,904<br>730<br>5,000<br>(32,300)<br>(3,416)|At<br>31.7.22<br>£<br>175,492<br>-<br>7,500<br>-<br>-<br>-<br>-<br>-<br>1,820<br>-<br>5,904<br>730<br>5,000|
|---|---|---|---|
||||20,954|
||||196,446|



Page 16 

continued... 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued** 

## **for the year ended 31 July 2022** 

## **13. MOVEMENT IN FUNDS - continued** 

Net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>UK Youth<br>Hertfordshire Community Foundation<br>(HCF)<br>HCC<br>Tesco Groundworks<br>Herts Health Together<br>HCF - #Iwill<br>Julia and Hans Rausing Youth Centre<br>Recovery Fund<br>Postcode Places<br>St James Place - Wellbeing workshops<br>Christopher Laing Foundation<br>BBC Children in Need<br>EHDC Mental health & Wellbeing<br>Brazier Trust<br>Garfield Weston<br>The National Lottery<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>63,637<br>-<br>5,000<br>7,500<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>10,000<br>7,500<br>5,000<br>35,000<br>10,000<br>80,000<br>143,637|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(34,753)<br>28,884<br>(22,802)<br>(22,802)<br>(5,000)<br>-<br>-<br>7,500<br>(379)<br>(379)<br>(112)<br>(112)<br>(6,540)<br>(6,540)<br>(4,921)<br>(4,921)<br>(15,000)<br>(15,000)<br>(680)<br>(680)<br>(1,000)<br>(1,000)<br>(4,096)<br>5,904<br>(6,770)<br>730<br>-<br>5,000<br>(35,000)<br>-<br>(10,000)<br>-<br>(112,300)<br>(32,300)<br>(147,053)<br>(3,416)|
|---|---|---|



continued... 

Page 17 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued** 

## **for the year ended 31 July 2022** 

## **13. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Essex Community Foundation<br>UK Youth<br>Fowler, Smith and Jones<br>The FORE<br>The National Lottery Coronavirus<br>Community Support Fund<br>Screwfix<br>Tesco Groundworks<br>Herts Health Together<br>HCF - #Iwill<br>Julia and Hans Rausing Youth Centre<br>Recovery Fund<br>Postcode Places<br>St James Place - Wellbeing workshops<br>Christopher Laing Foundation<br>**TOTAL FUNDS**|At 1.8.20<br>£<br>87,610<br>773<br>7,658<br>5,000<br>4,000<br>10,000<br>2,023<br>1,376<br>-<br>-<br>-<br>-<br>-<br>-<br>30,830<br>118,440|Net<br>movement<br>in funds<br>£<br>58,998<br>(773)<br>15,144<br>(5,000)<br>(4,000)<br>(10,000)<br>(2,023)<br>(997)<br>112<br>6,540<br>4,921<br>15,000<br>2,500<br>1,000<br>22,424<br>81,422|At<br>31.7.21<br>£<br>146,608<br>-<br>22,802<br>-<br>-<br>-<br>-<br>379<br>112<br>6,540<br>4,921<br>15,000<br>2,500<br>1,000<br>53,254<br>199,862|
|---|---|---|---|



continued... 

Page 18 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued** 

## **for the year ended 31 July 2022** 

## **13. MOVEMENT IN FUNDS - continued** 

Comparative net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Essex Community Foundation<br>UK Youth<br>Hertfordshire Community Foundation<br>(HCF)<br>Herts Locality Budget<br>Fowler, Smith and Jones<br>The FORE<br>The National Lottery Coronavirus<br>Community Support Fund<br>Screwfix<br>Tesco Groundworks<br>Shanley Foundation<br>All Churches/Hope Beyond<br>Sisters of the Holy Cross<br>Halloween Project<br>Herts Health Together<br>HCF - #Iwill<br>Julia and Hans Rausing Youth Centre<br>Recovery Fund<br>Postcode Places<br>St James Place - Wellbeing workshops<br>Christopher Laing Foundation<br>United Way - Give Local<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>78,057<br>-<br>30,000<br>10,000<br>500<br>-<br>-<br>-<br>-<br>-<br>2,000<br>3,350<br>20,001<br>1,073<br>924<br>8,250<br>18,000<br>15,000<br>2,500<br>1,000<br>2,000<br>114,598<br>192,655|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(19,059)<br>58,998<br>(773)<br>(773)<br>(14,856)<br>15,144<br>(10,000)<br>-<br>(500)<br>-<br>(5,000)<br>(5,000)<br>(4,000)<br>(4,000)<br>(10,000)<br>(10,000)<br>(2,023)<br>(2,023)<br>(997)<br>(997)<br>(2,000)<br>-<br>(3,350)<br>-<br>(20,001)<br>-<br>(1,073)<br>-<br>(812)<br>112<br>(1,710)<br>6,540<br>(13,079)<br>4,921<br>-<br>15,000<br>-<br>2,500<br>-<br>1,000<br>(2,000)<br>-<br>(92,174)<br>22,424<br>(111,233)<br>81,422|
|---|---|---|



continued... 

Page 19 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued** 

## **for the year ended 31 July 2022** 

## **13. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined position is as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Essex Community Foundation<br>UK Youth<br>Fowler, Smith and Jones<br>The FORE<br>The National Lottery Coronavirus<br>Community Support Fund<br>Screwfix<br>HCC<br>Tesco Groundworks<br>St James Place - Wellbeing workshops<br>BBC Children in Need<br>EHDC Mental health & Wellbeing<br>Brazier Trust<br>**TOTAL FUNDS**|At 1.8.20<br>£<br>87,610<br>773<br>7,658<br>5,000<br>4,000<br>10,000<br>2,023<br>-<br>1,376<br>-<br>-<br>-<br>-<br>30,830<br>118,440|Net<br>movement<br>in funds<br>£<br>87,882<br>(773)<br>(7,658)<br>(5,000)<br>(4,000)<br>(10,000)<br>(2,023)<br>7,500<br>(1,376)<br>1,820<br>5,904<br>730<br>5,000<br>(9,876)<br>78,006|At<br>31.7.22<br>£<br>175,492<br>-<br>-<br>-<br>-<br>-<br>-<br>7,500<br>-<br>1,820<br>5,904<br>730<br>5,000<br>20,954<br>196,446|
|---|---|---|---|



continued... 

Page 20 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2022** 

## **13. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**Restricted funds**<br>Essex Community Foundation<br>UK Youth<br>Hertfordshire Community Foundation<br>(HCF)<br>Herts Locality Budget<br>Fowler, Smith and Jones<br>The FORE<br>The National Lottery Coronavirus<br>Community Support Fund<br>Screwfix<br>HCC<br>Tesco Groundworks<br>Shanley Foundation<br>All Churches/Hope Beyond<br>Sisters of the Holy Cross<br>Halloween Project<br>Herts Health Together<br>HCF - #Iwill<br>Julia and Hans Rausing Youth Centre<br>Recovery Fund<br>Postcode Places<br>St James Place - Wellbeing workshops<br>Christopher Laing Foundation<br>United Way - Give Local<br>BBC Children in Need<br>EHDC Mental health & Wellbeing<br>Brazier Trust<br>Garfield Weston<br>The National Lottery<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>141,694<br>-<br>30,000<br>15,000<br>500<br>-<br>-<br>-<br>-<br>7,500<br>-<br>2,000<br>3,350<br>20,001<br>1,073<br>924<br>8,250<br>18,000<br>15,000<br>2,500<br>1,000<br>2,000<br>10,000<br>7,500<br>5,000<br>35,000<br>10,000<br>194,598<br>336,292|Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(53,812)<br>87,882<br>(773)<br>(773)<br>(37,658)<br>(7,658)<br>(15,000)<br>-<br>(500)<br>-<br>(5,000)<br>(5,000)<br>(4,000)<br>(4,000)<br>(10,000)<br>(10,000)<br>(2,023)<br>(2,023)<br>-<br>7,500<br>(1,376)<br>(1,376)<br>(2,000)<br>-<br>(3,350)<br>-<br>(20,001)<br>-<br>(1,073)<br>-<br>(924)<br>-<br>(8,250)<br>-<br>(18,000)<br>-<br>(15,000)<br>-<br>(680)<br>1,820<br>(1,000)<br>-<br>(2,000)<br>-<br>(4,096)<br>5,904<br>(6,770)<br>730<br>-<br>5,000<br>(35,000)<br>-<br>(10,000)<br>-<br>(204,474)<br>(9,876)<br>(258,286)<br>78,006|
|---|---|---|



## Restricted funds: 

UK Youth - Covid Support - to March 2022 - youth workers salaries and running costs 

Hertfordshire Community Foundation (HCF) - Covid Support - staff and running costs to provide new online, small group and one-to-one services 

Herts Locality Budget - Thirst Costs 

United Way - Give Local - Covid support - mental health 

Shanley Foundation - Support costs of providing safe spaces 

continued... 

Page 21 



**BISHOPS STORTFORD YOUTH PROJECT** 

## **NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2022** 

## **13. MOVEMENT IN FUNDS - continued** 

All Churches / Hope Beyond - Thirst/Covid costs - café Covid secure/Wellbeing project 

Sisters of the Holy Cross - Thirst Running Costs 

Halloween Project - Grant for EHDC to work with police in run up to Halloween 2020 

Herts Health Together - Staff training in mental health 

HCF #Iwill - Youth Social Action and Volunteer programme 

Julia and Hans Rausing Youth Centre Recovery Fund - Covid Support - staff costs, rent & utilities 

Postcode Places - Covid support to 30th June 2022 

St James Place - Wellbeing Workshops - Mental Wellbeing project 

Christopher Laing Foundation - Thirst Running Costs 

## **14. RELATED PARTY DISCLOSURES** 

During the year donations totalling £10,400 (2021: £7,780) were received from trustees and members. 

There were no other related party transactions. 

## **15. POST BALANCE SHEET EVENTS** 

At the trustees' meeting of 26th July 2022, it was agreed to designate £30,000.00 to new projects for the well-being of young people. 

Page 22