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← Bishops Stortford Youth Project Limited

2024-07-31-accounts

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 2024

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 2024

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 21
Detailed Statement of Financial Activities 22 to 23

BISHOPS STORTFORD YOUTH PROJECT

REPORT OF THE TRUSTEES for the year ended 31 July 2024

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 2024. 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.

Darren Woolnough - Chair

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.

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.

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.

Page 1

BISHOPS STORTFORD YOUTH PROJECT

REPORT OF THE TRUSTEES for the year ended 31 July 2024

OBJECTIVES AND ACTIVITIES

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 2024 continued to be to support young people, especially around the area of mental well-being and isolation. The after effects of the various covid restrictions are still having a significant impact on the mental and emotional health of young people, leading them to isolation.

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 continued to add to the volunteer team with 4 new team member this year.

Our staff members are:

Jake Tucker - Chief Executive Officer

Jake has been with the project since September 2015 and has over 16 years' experience working with young people across various settings. In October 2022, his role was officially redefined as Chief Executive Officer, reflecting the growth of the charity and his expanding leadership responsibilities. His deep passion and expertise ensure we continue to deliver high-quality support for young people in our community.

Tina Liu - Youth Worker

Tina joined the team in July 2020 and is passionate about empowering young people to build confidence, develop their potential, and push boundaries. She plays a key role in supporting young people on their personal growth journeys.

Ben Frain - Youth Worker and Operations Coordinator

Ben first joined as a volunteer before becoming part of the staff team in July 2021. He is passionate about helping young people express themselves through creative arts and excels at supporting those in need. In June 2023, we were able to increase Ben's hours, making him a full-time staff member. Alongside his youth work, he also serves as our Operations Coordinator.

Amanda Orange - Youth Worker

Amanda joined the team in April 2022 and is currently training to be a counsellor. She plays a vital role in mentoring young people and supporting our well-being projects, offering valuable guidance to those who need it most.

Part time Sessional Workers

Throughout the year, sessional workers have provided essential support, enabling us to extend our opening hours and supervise various school holiday activities. Their contributions have been invaluable in ensuring that young people have a safe and supportive space to visit.

Page 2

BISHOPS STORTFORD YOUTH PROJECT

REPORT OF THE TRUSTEES for the year ended 31 July 2024

ACHIEVEMENT AND PERFORMANCE

Activities during last 12 months

Our open-access drop-in sessions run Tuesday to Friday (3-6 PM) and Saturday (1-5 PM). We currently have over 2,000 registered young people, with around 500 attending regularly. During the winter months, attendance increased as we provided warm meals, serving over 40 young people per week.

Beyond the drop-in sessions, we've organised exciting school holiday trips, including visits to Aqua Splash, escape rooms, laser tag, and go-karting. We've also extended drop-in hours and supported social action projects, empowering young people to identify community challenges and take meaningful action.

Our well-being project, in partnership with the NHS, continues to provide a 'holding place' on Monday afternoons-a safe space for young people awaiting access to specialist services. This work is highly valued by our NHS partners and has received multiple award nominations.

Since launching our in-school mentoring program in February 2022, we have expanded from one to four local secondary schools. Our team of six mentors (including one volunteer) supports 20 young people at a time, providing six to ten weeks of guidance. We aim to grow our volunteer team to support even more students.

We continue to partner with ASPECTS to run Crucial Crew, helping over 700 Year 6 students transition to secondary school. Additionally, our collaboration with Grove Cottage (a subsidiary of Mencap) enables individuals with learning disabilities to gain hands-on café management experience at Thirst Youth Café.

We also support a network of home-educating parents, who hire our venue biweekly to enhance their children's learning experiences.

IMPACT & OUTCOMES

The Bishop's Stortford Youth Project (BSYP) is dedicated to:

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

Survey Insights (2024)

In our latest survey 97.5% of respondents said we have positively impacted their lives .

Here's what they told us:

We are open at least five days a week, after school, on Saturdays, and during school holidays. At BSYP, a safe space means more than just physical safety-it's about creating an environment where young people feel valued, supported, and free to grow without fear of judgment.

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 council are reviewing our rental agreement, we continue to communicate/negotiate with them to ensure the best outcome for the charity.

Page 3

BISHOPS STORTFORD YOUTH PROJECT

REPORT OF THE TRUSTEES for the year ended 31 July 2024

ACHIEVEMENT AND PERFORMANCE

Sponsors

We continue to receive wonderful support from national and local individuals, churches and organisations.

We give particular thanks to BBC Children in Need, Bishops Stortford Town Council, Bishops Stortford Ladies Golf Club, Central Social & Recreational Trust, Bishops Stortford Methodist Church, Essex Community Foundation, Essex Youth Trust, Fowler Smith & Jones, Garfield Weston Foundation, Hertfordshire Community Foundation, Hertfordshire County Council, Tesco Community Grant, East Herts District Council, John Laing Charitable Trust, National Lottery Community Fund, Postcode Places Trust, Stansted Airport Passenger Community Fund, Shanly Foundation, Simon Gibson Charitable Trust, Sisters of the Holy Cross, Mrs Smith & Mount Trust, Bishops Stortford Chamber of Commerce, St James Thorley, St Michaels PCC, Tees Law, the Wheatshheaf pub, Bishops Stortford College, Councillors Alastair Ward-Booth, Graham McAndrew, and Calvin Horner and the 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 their continued support.

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 £164,804 in the financial year 2023/24, which was a decrease of £3,361 on the previous year. All of the grant income of £110,132 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 deficit for the financial year after depreciation of £8,292 which is £1,107 more than the previous year.

This current year is more onerous; because of the current financial environment, grant funding has become more difficult to obtain and both corporate and personal donations are coming under pressure. Therefore, this year we will be drawing on our reserves more than usual.

Fundraising Plan

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

Reserves policy

The Trustee Board has examined the charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be 6 months of the expenditure. Budgeted expenditure for 2024/25 is £168,726 and therefore the target is £84,363 in general funds. The reserves are needed to meet the working capital requirements of the charity and the Trustees are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding. The present level of reserves available to the charity of £132,998 therefore fall above this target level. When we have sufficient reserves so that we can reasonably continue to plan an operating deficit in order to increase our public benefit, we will do so; otherwise, we will seek to reduce costs and/or increase fundraising.

FUTURE PLANS

Looking ahead, we plan to:

With continued support, we can grow our impact and ensure that more young people in Bishop's Stortford have access to the opportunities and support they need.

Page 4

BISHOPS STORTFORD YOUTH PROJECT

REPORT OF THE TRUSTEES

for the year ended 31 July 2024

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)

Registered Charity number 1154678

Registered office

The Charis Centre Water Lane Bishops Stortford Hertfordshire CM23 2JZ

Trustees

R Millican D Woolnough Chair C Clark R Jones D Guest J Buck

Independent Examiner

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

14/03/25 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

J Buck

J Buck (Mar 14, 2025 16:29 GMT) ........................................................................ J Buck - Trustee

Page 5

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 2024.

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 FMAAT The Association of Accounting Technicians

Marsh Solutions Limited 82 Berechurch Hall Road Colchester Essex CO2 8RF 17/03/25 Date: .............................................

Page 6

BISHOPS STORTFORD YOUTH PROJECT

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 July 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
37,757
Charitable activities
4
Youth Project
-
Other trading activities
3
14,291
Total
52,048
EXPENDITURE ON
Raising funds
13,324
Charitable activities
Youth Project
47,728
Total
61,052
NET INCOME/(EXPENDITURE)
(9,004)
RECONCILIATION OF FUNDS
Total funds brought forward
156,642
TOTAL FUNDS CARRIED FORWARD
147,638		 Restricted
funds
£
1,005
110,132
1,620
112,757
6,641
105,404
112,045
712
32,619
33,331		 31.7.24
Total
funds
£
38,762
110,132
15,911
164,805
19,965
153,132
173,097
(8,292)
189,261
180,969		 31.7.23
Total
funds
£
59,373
98,306
10,485
168,164
18,733
156,616
175,349
(7,185)
196,446
189,261

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 7

BISHOPS STORTFORD YOUTH PROJECT (REGISTERED NUMBER: 08407987)

BALANCE SHEET

31 July 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
9
14,640
CURRENT ASSETS
Stocks
10
978
Debtors
11
3,890
Cash at bank and in hand
132,338
137,206
CREDITORS
Amounts falling due within one year
12
(4,208)
NET CURRENT ASSETS
132,998
TOTAL ASSETS LESS CURRENT
LIABILITIES
147,638
NET ASSETS
147,638
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
33,331
33,331
-
33,331
33,331
33,331		 31.7.24
Total
funds
£
14,640
978
3,890
165,669
170,537
(4,208)
166,329
180,969
180,969
147,638
33,331
180,969		 31.7.23
Total
funds
£
24,949
923
2,977
162,443
166,343
(2,031)
164,312
189,261
189,261
156,642
32,619
189,261

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

BISHOPS STORTFORD YOUTH PROJECT (REGISTERED NUMBER: 08407987)

BALANCE SHEET - continued 31 July 2024

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 14/03/25 ............................................. and were signed on its behalf by:

J Buck

J Buck (Mar 14, 2025 16:29 GMT)

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

J Buck - Trustee

The notes form part of these financial statements

Page 9

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 July 2024

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 10

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024

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

DONATIONS AND LEGACIES
31.7.24 31.7.23
£ £
Donations 35,372 55,345
Gift aid 3,390 4,028
38,762 59,373
OTHER TRADING ACTIVITIES
31.7.24 31.7.23
£ £
Shop income 11,293 9,722
Other fund raising activities 4,618 763
15,911 10,485

3. OTHER TRADING ACTIVITIES

continued...

Page 11

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 July 2024

4. INCOME FROM CHARITABLE ACTIVITIES

Activity
Grants
Youth Project
Grants received, included in the above, are as follows:
BBC Children in Need
Bishops Stortford Town Council
Central Social & Recreational Trust
Essex Community Foundation
Essex Youth Trust
Fowler, Smith & Jones
Garfield Weston Foundation
HCC Building Life Chances
HCF Warm Spaces
Herts Community Foundation (HCF)
Herts Community No1 Grant
John Laing Charitable Trust
Locality Grants
National Lottery Community Fund - Million Hours
Post Code Places Trust
Shanly Foundation
Simon Gibson Charitable Trust
Sisters of the Holy Cross
Mrs Smith & Mount Trust
Stansted Airport
Tesco Groundworks
St James Thorley
Tees Better Future Fund
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Independent Examination		 31.7.24
£
110,132
31.7.24
£
10,000
-
1,000
-
2,000
-
15,000
-
2,000
10,000
2,000
1,000
500
9,632
20,000
2,000
5,000
20,000
5,000
-
-
-
5,000
110,132
31.7.24
£
10,309
1,235		 31.7.23
£
98,306
31.7.23
£
10,500
13,181
-
3,800
-
2,000
35,000
8,000
-
12,000
-
-
2,645
-
-
-
3,000
-
5,000
680
1,000
1,500
-
98,306
31.7.23
£
11,830
1,200

5. NET INCOME/(EXPENDITURE)

continued...

Page 12

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.

During the year one of the trustees, Caroline Clark, received remuneration of £500.00 for providing a series of creative arts workshops.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.

Key management

The trustees consider the role of Key Management to be that of the CEO.

During the year, Key Management received remuneration totalling £35,000 of gross salary (2023: £33,060)

7. STAFF COSTS

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

8.


All employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
57,171
Charitable activities
Youth Project
-
Other trading activities
10,485
Total
67,656
EXPENDITURE ON
Raising funds
18,733
Charitable activities
Youth Project
67,773
Total
86,506
NET INCOME/(EXPENDITURE)
(18,850)
RECONCILIATION OF FUNDS
Total funds brought forward
175,492
TOTAL FUNDS CARRIED FORWARD
156,642		 31.7.24

3
Restricted
funds
£
2,202
98,306
-
100,508
-
88,843
88,843
11,665
20,954
32,619		 31.7.23
3
Total
funds
£
59,373
98,306
10,485
168,164
18,733
156,616
175,349
(7,185)
196,446
189,261

continued...

Page 13

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024

9.
TANGIBLE FIXED ASSETS
Improvements
Fixtures
to
and
property
fittings
£
£
COST
At 1 August 2023 and 31 July 2024
106,572
12,141
DEPRECIATION
At 1 August 2023
92,873
8,016
Charge for year
9,126
692
At 31 July 2024
101,999
8,708
NET BOOK VALUE
At 31 July 2024
4,573
3,433
At 31 July 2023
13,699
4,125
10.
STOCKS
Stocks
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Gift Aid
Prepayments		 Equipment
£
23,096
15,971
491
16,462
6,634
7,125
31.7.24
£
978
31.7.24
£
180
120
770
2,820
3,890		 Totals
£
141,809
116,860
10,309
127,169
14,640
24,949
31.7.23
£
923
31.7.23
£
210
25
483
2,259
2,977

continued...

Page 14

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£ £
Social security and other taxes 2,606 1,512
Other creditors 402 -
Accrued expenses 1,200 519
4,208 2,031

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Essex Community Foundation
Hertfordshire Community Foundation
(HCF)
Fowler, Smith and Jones
HCC
Tesco Community Grant
Shanly Foundation
Post Code Places Trust
BBC Children in Need
Garfield Weston Foundation
Locality Grants
Simon Gibson Charitable Trust
HCF Warm Spaces
Mrs Smith & Mount Trust
Thorley St James
Central Social & Recreational Trust
Essex Youth Trust
National Lottery Community Fund - Million Hours
Rotary
Tees Better Future Fund
Stort Valley Health
TOTAL FUNDS		 At 1.8.23
£
156,642
3,800
-
2,000
8,000
931
-
-
7,865
318
760
2,318
127
5,000
1,500
-
-
-
-
-
-
32,619
189,261		 Net
movement
in funds
£
(9,004)
(3,800)
10,000
(2,000)
(7,694)
(815)
2,000
2
1,886
(318)
-
(2,318)
(127)
(5,000)
(1,500)
1,000
1,822
454
500
5,000
1,620
712
(8,292)		 At
31.7.24
£
147,638
-
10,000
-
306
116
2,000
2
9,751
-
760
-
-
-
-
1,000
1,822
454
500
5,000
1,620
33,331
180,969

Page 15

continued...

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 July 2024

13. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Essex Community Foundation
Hertfordshire Community Foundation
(HCF)
Fowler, Smith and Jones
HCC
Tesco Community Grant
Shanly Foundation
Sisters of the Holy Cross
Post Code Places Trust
BBC Children in Need
Garfield Weston Foundation
Locality Grants
Simon Gibson Charitable Trust
HCF Warm Spaces
Mrs Smith & Mount Trust
Thorley St James
Central Social & Recreational Trust
Essex Youth Trust
John Laing Charitable Trust
National Lottery Community Fund - Million Hours
Rotary
Tees Better Future Fund
Stort Valley Health
TOTAL FUNDS		 Incoming
resources
£
52,048
-
12,000
-
-
-
2,000
20,000
20,001
10,000
15,001
500
5,002
2,000
5,001
500
1,000
2,000
1,000
9,632
500
5,000
1,620
112,757
164,805		 Resources
Movement
expended
in funds
£
£
(61,052)
(9,004)
(3,800)
(3,800)
(2,000)
10,000
(2,000)
(2,000)
(7,694)
(7,694)
(815)
(815)
-
2,000
(20,000)
-
(19,999)
2
(8,114)
1,886
(15,319)
(318)
(500)
-
(7,320)
(2,318)
(2,127)
(127)
(10,001)
(5,000)
(2,000)
(1,500)
-
1,000
(178)
1,822
(1,000)
-
(9,178)
454
-
500
-
5,000
-
1,620
(112,045)
712
(173,097)
(8,292)

Page 16

continued...

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 July 2024

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Essex Community Foundation
Fowler, Smith and Jones
HCC
Tesco Community Grant
St James Place - Wellbeing workshops
BBC Children in Need
EHDC Mental Health & Wellbeing
Brazier Trust
Garfield Weston Foundation
Locality Grants
Simon Gibson Charitable Trust
HCF Warm Spaces
Mrs Smith & Mount Trust
Thorley St James
TOTAL FUNDS		 At 1.8.22
£
175,492
-
-
7,500
-
1,820
5,904
730
5,000
-
-
-
-
-
-
20,954
196,446		 Net
movement
in funds
£
(18,850)
3,800
2,000
500
931
(1,820)
1,961
(730)
(5,000)
318
760
2,318
127
5,000
1,500
11,665
(7,185)		 At
31.7.23
£
156,642
3,800
2,000
8,000
931
-
7,865
-
-
318
760
2,318
127
5,000
1,500
32,619
189,261

continued...

Page 17

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 July 2024

13. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Essex Community Foundation
Hertfordshire Community Foundation
(HCF)
Fowler, Smith and Jones
HCC
Tesco Community Grant
St James Place - Wellbeing workshops
BBC Children in Need
EHDC Mental Health & Wellbeing
Brazier Trust
Garfield Weston Foundation
Stansted Airport Passenger Community
Fund
Guy Butler Ltd
Bishops Stortford Town Council
Locality Grants
Simon Gibson Charitable Trust
HCF Warm Spaces
Mrs Smith & Mount Trust
Thorley St James
TOTAL FUNDS		 Incoming
resources
£
67,656
3,800
10,001
2,000
8,000
1,000
-
10,500
-
-
35,000
680
1,700
13,181
2,645
3,000
2,501
5,000
1,500
100,508
168,164		 Resources
Movement
expended
in funds
£
£
(86,506)
(18,850)
-
3,800
(10,001)
-
-
2,000
(7,500)
500
(69)
931
(1,820)
(1,820)
(8,539)
1,961
(730)
(730)
(5,000)
(5,000)
(34,682)
318
(680)
-
(1,700)
-
(13,181)
-
(1,885)
760
(682)
2,318
(2,374)
127
-
5,000
-
1,500
(88,843)
11,665
(175,349)
(7,185)

continued...

Page 18

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 July 2024

13. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Hertfordshire Community Foundation
(HCF)
HCC
Tesco Community Grant
Shanly Foundation
Post Code Places Trust
St James Place - Wellbeing workshops
BBC Children in Need
EHDC Mental Health & Wellbeing
Brazier Trust
Locality Grants
Central Social & Recreational Trust
Essex Youth Trust
National Lottery Community Fund - Million Hours
Rotary
Tees Better Future Fund
Stort Valley Health
TOTAL FUNDS		 At 1.8.22
£
175,492
-
7,500
-
-
-
1,820
5,904
730
5,000
-
-
-
-
-
-
-
20,954
196,446		 Net
movement
in funds
£
(27,854)
10,000
(7,194)
116
2,000
2
(1,820)
3,847
(730)
(5,000)
760
1,000
1,822
454
500
5,000
1,620
12,377
(15,477)		 At
31.7.24
£
147,638
10,000
306
116
2,000
2
-
9,751
-
-
760
1,000
1,822
454
500
5,000
1,620
33,331
180,969

continued...

Page 19

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024

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
General fund
Restricted funds
Essex Community Foundation
Hertfordshire Community Foundation
(HCF)
Fowler, Smith and Jones
HCC
Tesco Community Grant
Shanly Foundation
Sisters of the Holy Cross
Post Code Places Trust
St James Place - Wellbeing workshops
BBC Children in Need
EHDC Mental Health & Wellbeing
Brazier Trust
Garfield Weston Foundation
Stansted Airport Passenger Community
Fund
Guy Butler Ltd
Bishops Stortford Town Council
Locality Grants
Simon Gibson Charitable Trust
HCF Warm Spaces
Mrs Smith & Mount Trust
Thorley St James
Central Social & Recreational Trust
Essex Youth Trust
John Laing Charitable Trust
National Lottery Community Fund - Million Hours
Rotary
Tees Better Future Fund
Stort Valley Health
TOTAL FUNDS		 Incoming
resources
£
119,704
3,800
22,001
2,000
8,000
1,000
2,000
20,000
20,001
-
20,500
-
-
50,001
680
1,700
13,181
3,145
8,002
4,501
10,001
2,000
1,000
2,000
1,000
9,632
500
5,000
1,620
213,265
332,969		 Resources
Movement
expended
in funds
£
£
(147,558)
(27,854)
(3,800)
-
(12,001)
10,000
(2,000)
-
(15,194)
(7,194)
(884)
116
-
2,000
(20,000)
-
(19,999)
2
(1,820)
(1,820)
(16,653)
3,847
(730)
(730)
(5,000)
(5,000)
(50,001)
-
(680)
-
(1,700)
-
(13,181)
-
(2,385)
760
(8,002)
-
(4,501)
-
(10,001)
-
(2,000)
-
-
1,000
(178)
1,822
(1,000)
-
(9,178)
454
-
500
-
5,000
-
1,620
(200,888)
12,377
(348,446)
(15,477)

Restricted funds:

Essex Community Foundation/Saffron Community Fund - Running costs

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

Hertfordshire Community Foundation (HCF) - Targeted & open access to mental health, youth volunteering & activity days.

Fowler Smith & Jones Trust - Maintaining open access

HCC - Youth worker salaries, new projects and core costs

continued...

Page 20

BISHOPS STORTFORD YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 July 2024

13. MOVEMENT IN FUNDS - continued

Tesco Community Grant - Healthy eating project

Herts Health Together - Staff training in mental health

HCF I Will - 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

BBC Children in Need - Mentoring project

EHDC Mental Health & Wellbeing - Mental wellbeing project

Brazier Trust - Mental wellbeing project

Garfield Weston Foundation - Running costs

The National Lottery - Open access & mental wellbeing project, other external activities

Stansted Airport Passenger Community Fund - Operational equipment

Guy Butler Ltd - Running costs

Bishop's Stortford Town Council - Equipment for activities and operation

Locality Grants - Volunteer costs

Simon Gibson Charitable Trust - Development of mental wellbeing through creative projects

HCF - Warm Spaces - Providing hot meals to young people

Mrs Smith & Mount Trust - Maintaining open access and targeted youth services

Thorley St James - Running Costs

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2024.

Page 21