Company Registration Number.. 08993432 Charity Registration Number: 1159197 Young Women's Outreach Project Financial Statements For the year ending 31 March 2024 ANEA FT ACC Chartered Accountants Enterprise House Harmire Enterprise Parf( Bamard Castle County Durham DL12 8XT NTANCY LIMITED
Young Women's Outreach Project Flnanclal Ststements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent examiners report to the trustees Statement of financial activities (induding income and expenditure account) 10 Statement of financial position 11 Notes to the financial statements 12 The follo%%lng pages do not forni part of the flnanclal stateThnts Detailed statement of financAal activiti'es 23
Young Women's Outreach Project Trustees. Annual Report Ilncorporatlng the Directoffs Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of cofflpany law. present their rpport and the unaudited financial ststaments of the charity for the year ended 31 Marth 2024. ur alms and ob"ectlves The overall aim of the Young Women's Outreath Project as set out in its Memorandum of Association is 'to advan education, relieve poverty. preserve and prvtett the good health of young women up to 25 years within the North East, primarily those vtho are in need because of their social and economic conditions and for such other charitable purposes for the benefit of young women as the trustees shall detemine., The Young Women's Outreach Projed delivers this mission though its strategic objectives which indude.. 1. Delivery of high-quality Serwces to meet the unmet needs of young women and young mothers. 2. ITffluenang, challenging and advocating on policy and strategy that impacts on the lives and thoic£s of young women and young mothers 3. Building and maintaining strong nelworf(s and partnerships to 8UPPOrt the delivery of our work 4. Maintaining financial sustainability 5. Maintaining organisational resilience Strategic Objective 1.. Delivery of highquality sep4ices to meet the needs of young women We wll achieve this by the delivery of.. Outreach work to prowide young mothers with infomation Adwce and guidanc In-house cnunselling Young parenting programmes Impact - Young women making thoices, taking ntrol of their lives and moving on with their plans. This will be evidenced through.. The number of young women supported annually Th8 range of serwces delivered Numbers of referrals Progression targets being met The expenence of the young women being recorded through qualitat've case stories Strategic Objective 2: Influenang, challenging and advocating on policy and strategy that impacts on the lives and choices of young women. We will achieve this by: Parts'cipation in local and national groups and networt(s aimed at infiuencAng policy for women and young women.
Young Women's Outreach Project Trustees, Annual Report (Incorporating the DiRctofs Reportl (contlnu•dJ Year ended 31 March 2024 Responding to con5ultation5 and engaging with research to demonstrate the real needs of young women and action taken to meet these needs Communicating infomiation on the needs of young women and our woth to support them and drawing out key lessons for policymakers and other seiCe providers. Impact- Policy and strategy impacting young women will be developed based on a al understanding of their needs and framed to achieve possb've outcomes. This will be ewdenced through: Policy statements and strategic plans taking real aUnt of the needs of young women; YWOP and rts work being ackn(Mledged in the development of policy and strategy.. Strategic Objective 3: Building and maintaining strong networks and partnerships to support the delivery of our work. We will achieve this by: Partiapation in relevant ath'mties, events, groups and partnerships Actively engaging in projects and actions to support young women at a national. regional and local lev81. Working alongside partners to deliver key areas of support. Leaming from others to improve our services for young women. Impact - YINOP is Trcognised by politicAI, statutory. charitae and voluntary organisations as gnificant in supporting young women. This wll be evidenced through.. The number and range of actimties and events with which YWOP is engaged. YWOP is represented in key groups and netsvorks. YWOP is a partner for projects and actions at a local, regional and national level. Leaming from others is embedded into Y¢IOP practice. Strategic Objective 4.. Maintaining Finanoal Sustainability. We will achieve this by: Constantly monitoring the Cost-effeciiveness of the organisation and its work,. Agreeing on an annual funding strategy alongside the annual budget con&'derations; Agreeing and maintaining free serve levels. Focusing fundraising on longer-tem, more stable income streams and ensuring sufficient resour$., stngthening fundraising capacity by increasing fundraising and financial skills within the staff team., Developing and maintaining key strategic relationships (particlarlY with funders) required to support th6 work of th8 organisation Impact - The charity will continue to deliver its work without intemjption. This will be evidenced by.. Bookkeeping will be accurate and upldate Annual fundraising targets will be met Annual budgets (income and expenditure) and fvndraising plans V•ill be approved and monitored Cash flow will be monitored Reserve targets wll be achieved and aintained Annual accounts will be examined Strategic Ck)jective 5: Maintaining Ckganisational Resilience. We will athieve this by.. Ensuring our govemance and management struclures and practices demonstrate best praciices., Maintaining a Board of trustees that will bring a range of skills, experience and knowledge to our work and planning", Ensuring the management team has the skills an(J expertise to deliver the strategic Plan.. Agreeing and maintaining a robust frarneVrk of poliaes and procedures that will underpin our govemance, management and Service delivery Practi.. Conb'nually developing our staff team by strengthening support and development opportunities: Maf1<eting and promoting YWOP to Increase the profile and reath of our organisation.. Developing and maintaining smarter and manageable processes to measure progress and
Young Women's Outreach Project Trustses. Annual Report {Incorpordtlng the Dlrectorfs Report) {conlinu Year ended 31 March 2024 outcnmes. Impact- YWOP will be a strong and resilient charity. This will be evidenr2d by.. Govemance will work within the standards set out in the Charity ())vemance Code. Staff and management training programmes will be induded in the annual budget. The results of training and development wll be evaluated. Matheting and communicatsons will be targeted, monitored and evaluated. Monitoring and evaluation will be an integral part of overall management reporting. Communlcatlng and Reportlng We will communicate our strategic plan and Fxiorities through regular engagement with all staff, volunteers, funders, extemal stakeholders. and partner organisats'ons. We recognise that effective communication is Lyitical to our SU$S. Measurlng and Monftorfng We will measure and monitor our impact to manage arKI (x)ntinually imFYove our perlomiance. We have identified key perfomiance indicators relevant to each of our strategic priorities. We will use quantitative and qualitats.ve analysis to determine our perfomance and inform change and improvements. Resources We will allocate the appropriate level of resources required to ensure the delivery of our strategic plan. This includes finanaal investment but also the use of staff and Board time. utilisation of volunteers, staff and volunteer training and development and the applicats'on of appropriate organisational management and govemance processes arKI procedures. d rfomianc 2023 - 024 The Young Women's Project has seen a significant increase in referrals this year, with the majority coming from schools, children services. early help teams, family nurses, and midwives. However, there has also been a notable increase in referrals from parents and Carers. To meet the growng demand. the project is currenlly running 24 groups. These additional groups aim to provide support to school-aged young women who are either nol attending school or facing challenges with their mental health or education. The main reasons for referral to the project indude being under 18 and pregnant, low cA)nfidence and self-esteem, risk of exploitats'on or abuse, 8chool-related issues, and mental health and wellbeing concerns. Over the past year, the project has diredy worked 258 youno women, offering support. guidance, group work, and one-tOne sessions. Addib'onally, 68 intensive one-t04)ne 8ession8 have been provided to the most complex cases. To expand its nehyork and reach out to new professionals in the aa, the project continues to hold infornation meetings and open days. These events offer an opportunity to connect with individuals who have recently moved into the area or started new jobs.
Young Women's Outreach Project Trustees. Annual Report Ilncorporating the Dirpctofs Report) (cothu Year ended 31 March 2024 Flnanclal revlew The Charity received a gross income dunng the year of £385.441 (2023 - £395,349) and recorded a net defiat of £77,983 {2023 - surplus of £62,010). As at 31 March 2024 the Charity had resources valued at £252.133 (2023 - £330.116) of which £115,884 (2023 - £174.417) were restricted funds and £136,249 (2023- £155,699) were free reserves. The princApSe funding sour¢2S for the chafity currenvy Indude The Natlonal Lottery Communlty Fund, Lloyds Bank Foundation, The 8allinger Charitable Trust. The Pilgrim Trust, Paul Hamlyn Foundation, and BBC Children in Need. These provide financial support to meet the direct needs of young women and young mothers. Reserves Pollcy The Board of Trustees have established a policy WhebY the unrestricted funds not committed or invested in tangible assets (the free reserve) held by the Charity. would be held in reserve as a resource to maintain the organisation should there be a reduth'on in the ao4uisition of new rJJre or Project funding. At the current level. the board feel that they would be able to continue the current activities of the Charity for 6 months in the event of a signfficant drop in funding. The figure CAlculated for this is £170,000. At present the free reseNes amount to £136,249. Rlsk Revlew The Board of Trustees have examined Ihe major risks the organisation fac£ and tt)nfim that systems have been established to enable regular reports to be produced so that the necessary steps would be taken to minimise any significant risk. Future strate The Young Women's Outreach Project will cA)ntinue to provide leaming opportunits'es and support services to young women. This wll be done through ongoing evaluation of the senricEs offered, with Input from both participants and workers, as well as o)nsultation with the Board of Trustees. The Project aims to evolve and develop in response to the changing needs and issues faced by young Vrnen. It will be responsive to these needs and explore new areas for vrking. The Project will also continue to work with and train young volunteers, aiming to enhance their Self-Q)nfIden and self-belief. It hopes that these volunteers will go on to further education ar train to become Youth Workers. The Project ha8 several large funding bids and will continue to apply for Charity and Statutw Funding as it becomes available. It will also activeli searth for new funding opportunities. The Project aims to develop further training opportunities for young women and young mothers, with a focus on earfy intervention work. This work is expected to help young women and mothers become more resilient and could potentially bring in core fvnding for the Projed. Overall, the Young Women's Outreach Project is optimistic and enthu&astic about its fvture. It is committed to moiring fonvard and contsnuing to make a positive impact on the lives of ywng women.
Young Women's Outreach Project Trustees. Annual Report Ilncorpornting the Directorfs Report) {continutid) Year ended 31 March 2024 Structure ovemance and mana ment Governing Document The Gat8sttead Young Women's Outreach Projeci was initially 8Stablished as a r8gist8r8d chafity on June 18, 1997. However, in 2014, the Gateshead Counal aSed providing financial support to the project due to govemment budget cuts. This change allowed the charity to extend its serMS beyond the Gateshead area. Consequenlly, the board of trustees decided to rename the organisation as the Young Women's Outreach Project (YWOP) On November 13. 2014. the tharity became a Charity Limited by Guarantee and operates urKler a constitution. The new charity number is 1159197, and the company number is 8993432. Organlsatlonal Structure Th8 Young Women's Outreaol Project is a registered charity that is govemed by 8 Board of Trustees. The Board rA)nsists of individuals. who oversee the organisation's a(*'vities and ensure its compliance with legal and ethical standards. The Chief EXeCtive is responsible for the overall management of the organisation on 8 daY-tdaY basis. Who provide leadership and strategic direction. ensuring that the organisation's goals and objectives are met. The Chief Executs've is also responsible for managing the organisats'on's resources, induding its staff and finan¢2S. In addition to the Chief Executyve, We have a Projeci Manager and has specific roles within the organisation, such as programme development & staff management and coordination. The Young Womens Oulreach Project also employs 14 part-time workers. who may have various roles and responsibilities depending on the needs of the organisation and the young women we work with. The part-b'me workers could be involved in delivering programs services, providing administrative support, or assisting with fundraising and events. Among the stsff team is an Admin wotker. who handles administrative tasks such as managing corr8spondence, maintaining records. and providing general support to the organisation. Each member of the staff team plays a crucial role in the fvncts'oning of the organisation and contributes to its overall success in achieving its mission and objectives. Publlc Benefft As a registered charity the Young Women's Outreach Project is committed to demonstrating the benefits that ils wort( provides for individuals, communFties and the wider public. We recognise that society is fvndamentslly unequal for young women, our service is set up to address the unmet needs of young women and young mothers. existing underlying longterm soaal, health and economic inequalities disproportionally and significantly are a major barrier to young women fulfilling their potential to live a good lrfe. We support young women through single or complex issues ocrrirj in their lives. Most young women are referred to us from schools, chIldn and young people service. social services, midwives and family nurse partnership, anyone can refer into the Project. even young women tham8elves. Attendance is voluntary embedding our values of personal choice and control. Our work methods are very person centred, individually tailored, focusing on their strengths, polential and aspirations. We listen and provide praclical and emotional support. Once referred we complete a home visit then young women are in¥ited for a project visit and then young women are inmted to one to one or group work sessions. which are user led. Wth their cA)nsent we engage with their widerfamily and other agencies. Our support leads to individual growth in self worth and confidence to make decisions and take
Young Women's Outreach Project Trustees, Annual Report (Incorporatlng the DiRctofs Report) (¢ort1nuj Year ended 31 March 2024 rpspon5ibility and control over their lives. By building capabilities. knowing their rights. equipping them with infomiation, advice and tools, belief in ability and problem solwng mindset and start to make positiv8 thoic8s and mov8 on with their plans for the future. Our Project is very much led by women and designed based on the needs of young women and mothers who cA)me to us for support. Recrultmen( Inductlon and Tralnlng of the Board of Trustees Induction and Training of the Board of Trustees - Each Board meeting fonns part of the on-going 'training' of the members, and runs in a way that empowers and infom)s new members. Young Women are given training after being elected, as they are regarded as the 'Experts by experience, and represent all young women who use the service. The recruitrnent and appointment pro88 for the Board of Trustees is conducted annually at the Annual General Meeting. At Ihis meeting, all current members of the Board step down. and a new Board is elected. The organisation seeks indiwduals who possess a range of valuable skills and experience that can CA)ntribute to the organisation's goals and development. In addition to the core group of professionals. young women who have ffirst-hand knowledge and experience of the Project are also eligible to be voted onto the Board. These young women are o)n8idered experts by experience and represent all the young women who use the organisation's seNices. The induction and training of the Board of TTUStees is an ongoing process. Each Board meeting serves as a form of training for the members. empowering and infoming them about the organisation's activities and responsibilities. This training ensures that they are equipped with the nece&sary knowledge and skills to effectively contribute to the organisation's work.
Young Women's Outreach Project Trustees. Annual Report Ilncorporating the Directofs Report) (¢ornthu•fj Year ended 31 March 2024 Reference and admlnlstratlve detalls Reglstered charity name Young Women's Outreath Project Charlty reglstrallon number 1159197 Company rnglstratlon number 08993432 Prfnclpal office and Yegl•tsred 12 Gladstone Terrace office Gatesheaj NE8 4DY The trte¢S l Buthroth J Gordon P C Morey reasUrer) P Nichols C Vaughan (Chair) (Resigned 3 Juty 2023) (Resigned 10 April 2024) (Resigned 10 September 2023) S Buchanan J Rosling (Appointed 10 September 2023) (Aopointed 10 September 2023) Indopnd•nt examlner Jane Ascroft FCA MA (Cantab) Enterprise House Harni1 Enterprise Park Bamard Castle County Durham DL12 8XT Small company provlslon8 This report has been prepared in accordance with the provisions applicable to companies entsued to the small companies exemption. The trustees, annual report was approved on .12.1 I . 14...... and signed on behalf of the board of trustees by.. C Vaughan {Chair) Trustee
Young Women's Outreach Project Independent Examlnefs Report to the Trustees of Young Women's Outreach Project Year ended 31 March 2024 I report to the trustees on my examinatson of the financial statements of Young Women's Outrea Proiect ('the chariv) for the year ended 31 March 2024. Responslbllltles and basls of report As the trustees of the company (and also rts directors for the purposes of company law) you are responsible for the preparation of the financial statements in arxordance with the requirements of the Companles Act 20C ('the 20C6 Acr). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 20C6 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 ACV). In carrying out my examination I have followed Ihe Direth'ons given by the Charity Commission under section 145(5)(b) of the 2011 Art. Independent exam1n08 statement Since the charity'5 gross IncMe exc£eded £250,OC(J your examiner must be a member of a body listed in sectson 145 of the 2011 Act. I CA)nfinn that l am qualrfied to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examinats'on. I confim Ihat no matters have cA)m8 to my attention in connedion with the examinats'on giving me cause to beligve.. accounts'ng records were not kept in re8peL* of the charity as required by section 386 of Ihe 2006 Ad; or the finanaal statements do not accord with th08e records: or the financial statements do not comply with the aco)unting requirements of section 396 of the 201A Act other than any requirement that the accounts give a 'true and faiff wew which 18 not a matter considered as part of an independent examination., or the finanaal staternents have not been prepared in accordanca with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their arLounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021.
Young Women's Outreach Project Indepandent Examinerfs Report to the Trustses of Young Women's Outreach Project (conlinu8dJ Year ended 31 March 2024 I have no concem5 and have cA)me across no other matters in connedion 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. Jane Ascmft FCA MA (Cantab) Independent Examiner Enterprise House Hatmire Enterprise Park Bamard Castle County Dutham DL12 8XT
Young Women's Outreach Project Statement of Flnanclal Activities Ilncludlng Income and expendlture account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 unstrICted funds In¢ome and endowments Donations and legaoes Charitable actiwties 14,394 14.911 329,479 26.657 343,873 41.568 344,273 51,076 Total Income 29,305 356.136 385.441 395.349 Expendlture Expenditure on charitable actiwties Total expendlturn 48.755 414.669 463.424 333.339 48.755 414,669 463,424 333,339 Net (expendlturevlncome and net movèment In funds (19.450) (58,533) {77,983) 62,010 Reconclllatlon of funds Total funds brought forward Total funds carrled forward 155,699 136,249 174.417 115.884 330,116 252,133 268,1C6 330,116 The statement of finanoal activities indudes all gains and1088es recognised in the year. All incL)me and expenditure derive from continuing a(Xivities. The notes on pages 12 to 21 forni part of these flnanclal statements. 10
Young Women's Outreach Project statement of Flnanclal Po8ltion 31 March 2024 2024 2023 Noto Current assets Debtors Cash at bank and in hand 12 15,814 249,895 265.709 32.088 307.646 339,734 Creditorn: amounts falllng due thIn one yr Net current assets 13 13,576 9,618 330.116 330.116 252,133 Total a88et8 less current Ilabllllles 252,133 252,133 Not assots 330.116 Funds of the charlty Reslricted funds Unrestricted funds 115,884 136,249 252,133 174,417 155,699 330,116 Total charlty funds 15 For the year ending 31 March 2024 the tharity was entitled to exempts'on from audit urKler section 477 of the Companies Act 20[ relating to small cx)mpanies. Directors, responsibilities.. The members have not required the compary to obtain an audit of its financial statoments for the year in question in accordance with section 476: The directors acknowfedge their Sponsibl11t1es for complying with the requirements of the Act with respect to accounting records and the preparation of finanaal ststements. These financAal statements have been prepared in accordan with the provisions applicable to companies subject to the 8mall ¢ompanie$' regime. These financial statements were approved by the board of trustees and authorised for issue on , and are signed on behatf of the board by.. P C Morey ffreasurer) Trustee The notes on pages 12 to 21 forni part of these flnanclal statements. 11
Young Women's Outreach Project Notes to the Flnanclal Statements Year ended 31 March 2024 Goneral Inforniatlon The charity is a public benefit entty and a private company limited by guarantee, wistered in England and Wales and a registered tharity in England and Wales. The address of the registered offi is 12 Gladstone Terrace, Gateshead, NE8 4DY. Slatsment of compllanco These finanaal statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended PradicE applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP (FRS 102)) and the Companies Act 2tJ)6. Accountlng pollcle8 Bas58 of preparatlon The financial statements have been prepared on the hISt1r1 cost basis. as modffied by the revaluation of certain finanaal assets and liabilrties and investment properties measured at fair value through income expen(htwe. The finanaal statements are prepared in sterfing, whith is the fundional currency of the entity. Golng concern There are no matertal uncertainties about the charitys ability to continue. Judgements and key Sources of estlrnatlon unc•rtalnty The preparation of the finanaal statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estsmat8s and judgements are continually reviewed and are based on experience and other factors, induding expectations of future events that are believed to be reasonable under the arujmstances. The trustees cosnider that there are no signfficant estimates or judgements affecting these financial statements. Fund accountlng Unrestricted funds are available for use at the di8cretion of the trustees to further any of the charity's purposes. Designated lunds are unrestricted funds eaMi8ed by the trustees for particular future project or commitment. Restricted funds are subjected to reslrictions on their expenditure dedared by the donor or through the terms of an appeal. and fall into one of two sUasses.. restricted income funds or endcwment funds. 12
Young Women's Outreach Project Notss to the Flnanclal Statements (conUnu•g Year ended 31 March 2024 Accountlng pollcles (¢ontinix Incon All incoming resources are induded in the statement of financial actiwties when entitlement has passed to the charity", it is probable that the economic benefits associated with the transath'on will flow to the charity and the amount can be reliably measured. The follcwing speafic policies ar8 applled to particular categories of incA>me'. income from donations or grants is recognised when there is evidence of entitlement to the grft, receipt is probable and its amount be measured reliably. legacy income is CogniSed when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is denved from the cost to the donor or the eskn'mated resale value. Donated faoltties and seNces are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contributs'on of general volunteers. income from contracts for the supply of services is recr)gnised with the delivery of the contracted seNice. This is classified as unrestricted funds unless the is a contractual requirement for it to be spent on a particular purpose and retumed rf unspent, in which case it may be regarded as restricted. Expendlture Expendilure is recognised on an accxuals basis as a liability is in(xJrred. Expenditure includes any VAT which cannot be fully recovered, and is dassffied urKler headings of the statement of financAal activities to which it relates: expenditure on raising funds irdud88 the (x>sts of all fundraising activits'es, events. non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities indude8 all cAJ8ts Inrred by a chanty in undertaking activilies that further its charitable aims ft)r the benefit of its benefiaaries, including those 8UPPOrt costs and costs relating to the govemance of the charity 8PPOrtioned to tharitable actimts'es. other expenditure includes all expenditure that is neither related to raising funds for the chan'ty nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories refiecting the use of the resource. Direct costs attributable to a single actiwty are allocated directly to that ath'vity. Shared costs are appotknoned beeen the activrties they contribule to on a reasonable. justifiable and consistent basis. Flnanclal Instrumonts The charity only has finanaal assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instNments are inits'ally renised at transaction value and subsequently measured at their settlement value. 13
Young Women's Outreach Project Notes to the Flnanclal Ststements (eonthu•fj Year ended 31 March 2024 Accountlng pollcles (conunu Deflned contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributs'ons a COgnised as an asset to the extent that the prepayment will lead to a reduction in future paym8nts or a cash refund. VVh8n contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in Ihe period in which it arises. Debtorn Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ACced incA)me and tax recoverable is induded at the best estimate of the amounts receivable at the balance sheet date. Cash at Bank and In Hand Cash at bank and cash in hand indudes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar aOunt. Credltorn Creditors gre recognised where the charity has a pres8nt obligation resulting trom a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation cgn be measured or estimated reliably. Creditors are nomally recognised at their settlement amount after allowing for any trade discounts due. Taxatlon Th8 company is considered to pass the tests set out in Paragraph 1 Sthedule 6 of the Finance Aci 2010 and therefore it meets the definition of a charitable company for UK IrporatiOn tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received wilhin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 2 of the taxation of Chargeable Gains Acl 1992, to the extent that such income or gains are applied exdusively to charitable purtK)ses. Umlted by guarantee The company is limited by guarantee. At 31 st Marttt 2024 there were 6 members eath of whom had undertaken to contribute an amount not exceeding £1 in the 8vent of a winding up. 14
Young Women's Outreach Project Notes to the Flnancial Statements (continu Year ended 31 March 2024 Donatlons and legacles Unrestricted Funds Restricted Total Fund8 Funds 2024 Donation8 Donations 14,394 14,394 Grants The National Lottery Community Fund The Nats'onal Lottery Community Fund - Women & Girfs Ballinger Charitable Trust Gateshead Counril Paul Hamlyn Foundats'on BBC Children In Need Pilgrim Trust Lankelly Chase Cheshire Community Foundation The Leather Sellers Sir Jam8s Knott Trust NHS CCG LGA Foundats'on Other smaller grants 60,659 60,659 42,834 20,000 43.000 27,500 29.226 36.008 1,050 19,952 20.000 10,000 10,000 1,500 7.750 42,834 20.000 43.000 27.500 29,226 36,008 1,050 19,952 20.000 10,000 10.000 1.500 7,750 343,873 14,394 329,479 15
Young Women's Outreach Project Notes to the Financial Statements (conlinuqd) Year ended 31 March 2024 Donatlons and legacle5 (coniimmrf) Unrestricied Funds Restiicted Totsl Funds Funds 2023 (r•st•t•d) Donatlons Donations 12,705 16,705 Grant8 The National Lottery Community Fund The National Lottery Community Fund - Women & Girts Ballinger Charitable Trust Lloyds Bank Foundation Paul Hamlyn Foundab'on BBC Children In Need Lankelly Chase James Thomton DAF Sir James Knott TNst Kavli Groun¢fv40rk UK Tesco NHS CCG LGA Foundats'on Other smaller grants 52,397 52,397 28,286 15,000 52,250 25,000 7,699 52.130 12.500 10.000 29.931 10.CQO 10,000 6,500 15,875 331.568 28,286 15.000 52,250 25,000 7,699 52,130 12.500 10.000 29,931 10.000 10,000 6,500 15,875 344,273 12.705 Charftable actlvltl Unrestricled Funds Restricted Total Funds Funds 2024 School charges Room hire Recharges Gladstone House red)arge REND Other income 22,260 971 22,260 971 26,657 26.657 (8,490) 170 {8,4W) 170 14.911 26,657 41,568 16
Young Women's Outreach Project Notes to the Flnanclal Statements (contsnu Year ended 31 March 2024 Charttable athttles Unrestricied Funds Restiicted Total Funds Funds 2023 School charges Room hire Recharges 11,899 13,187 8,490 20,389 13.187 17,500 51,076 17,500 25.086 25.990 Expenditur• on charttable actlvltle8 by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Costs of charitable activities (see page 24) 48,755 414,669 463.424 unr8stried Funds Restricted Total Fund5 Funds 2023 {rn8l•t•rfJ Costs of charitable activities (see page 24) 31,407 301,932 333,339 Expndlturn on charltable actlvltlo8 by actlvlty ty ActiNits'es undertaken Total fund8 direcuy 2024 Total fund 2023 Costs of charitable adivrties (see page 24) 463,424 463,424 333,339 Independent •xamlnatlon foe8 2024 2023 {rnststod) Fees payable to the independent examiner for. Independent examination of the financial statements 17
Young Women's Outreach Project Notes to the Financlal Statements {ltin Year ended 31 March 2024 10. Staff costs The total staff cfjsts and employee benefits for the reporting period are analyged as follows: 2024 2023 Wages and salaries Soc4al security costs Employer cnntribub'ons to pension plans 343,391 21.350 5,238 369,979 243.568 13,567 2,972 260,107 The average h8ad count of employees during the year was 17 (2023.. 14). The average number of full-time equivalent employees during the year is analysed as follows: 2024 No. 2023 No. Number of Staff No employee received employee beneffts of more than £60,CK)O during the year (2023.. Nil). 11. Trustse r•mun•ratlon and expen8•8 Trustees received neither remuneration nor expenses during the ojrrent and prewous year. 12. Debtorn 2024 2023 Trade debtors Ar[ed inc£)me 5,595 10.219 32,088 15,814 32,088 13. Crndltorn: amounts falllng due wfthln one #r 2024 2023 (rnstat•dJ Accruals and deferred income Soctal security and other taxes Lloyds Corporate Card Other creditors 600 6.008 4,789 2,179 1,200 4,576 3,249 593 13,576 9.618 14. Penslons and other post rntlrement beneffts Defined contrfbutlon plan8 The amount recA)gnised in income or expenditure as an expense in relation to defined contribLrtion plans was £5.238 {2023'. £2,972). 18
Young Women's Outreach Project Notss to the Flnanclal Staternnts Year ended 31 March 2024 16. Analy81s of charftable funds Unrestrlcted fund8 At 1 April 2023 At 31 March 2024 Income E>penditure Transfers General fijnds 155.699 29.305 {48,755) 136,249 At 31 March 2023 1 April 2022 Income Expenditure Transfers General fijnds 148.908 37,791 (31.407) 407 155,699 Restrlctsd funds At 1 April 2023 At 31 March 2024 Income Expenditure Transfers The National Lottery Community Fund Ballinger Charitable Trust BBC Children In Need Cheshire Community Foundation Family Hub Pilgrim Tw8t Gateshead Counc41 Digital Skills Lealhersellers PPC Fund Lloyds Bank Foundation Lankelly Chase Creche project Arnold Clark Bemicia Foundation Comfflunity Foundation Garfield Weston Gladstone House Sir James Knott Trust LGA Foundation The National Lottery Community Fund - Women & Gids A&E Charitable Trust James Thomton DAF Kavli NHS CCG Northumbria Police 60,659 (60,659) 19,251 20,000 29.226 (25.437) (29.226) 13,814 19,952 38,000 36,008 (100) (16,827) (24.921) 19,852 21,173 11,087 3,150 20,000 4.600 3,150 11,181 3.400 17,329 (8,819) (1,200) (16,090) (36.141) {2,745) (466) (2,499) (2.508) (3.452) (25,781) (10,CrfJO) {6,6Q) 33,419 35,091 3,400 1.050 655 2.499 5.323 3,452 (3,384) 2,815 26.657 10,000 {2,508) 5,1C 1,599 2,000 12,500 22.135 8.783 9CQ 42,834 (44.433) (2,000) 112.500) (17,664) (18.783) 4,471 10.OLN) 900 19
Young Women's Outreach Project Notes to the Flnanclal Statements (continu Year ended 31 March 2024 15. Analysls of charltable funds (contlftuodj Paul Hamlyn Foundakn'on REND Rosa T8sco golden token Connected Voice 2,084 8,490 4.499 3,204 3,600 174,417 27.500 5,000 (26.019) (8,490) (4,499) (3,204) (3,600) (414,6691 3,565 5,000 356.136 115.884 At 1 April 2022 At 31 March 2023 Income Expenditure Trdnsfers The National Lottery Community Fund Ballinger Charitable Trust BBC Children In Need Lloyds Bank Foundation Lankelly Chase NEAP Fitn068 Neighboudy Creche projeci Amold Clark Bemicia Foundation Community Foundation Garfield Weston Gladstone House Sir James Knott Trust LGA Foundatson The National Lottery Community Fund- Women & Girls A&E Charitable Trust James Thomton DAF Kavli NHSCCG 17,985 52,397 (70.382) 4.251 14.861 10,210 15.810 381 26 1.809 15.000 7.699 52,250 52.130 19,251 (22,560) (29,041) (32,849) 33,419 35,091 (381) (26) 4.000 1,000 (2.409) {5341 (7.079) {1,480) (16,548) (20,870) (10,000) (1,394) 3,400 466 2.499 5,323 3,452 (3,384) 9.578 5,525 20,000 (14) 1.278 17.500 10,000 6,500 5,1( 18,776 28,286 2.000 12,500 29,931 10,000 (45.463) 1,599 2,000 12,500 22,135 8,783 17,796) (1,217) 20
Young Women's Outreach Project Notes to the Flnanclal Statements (continu**) Year ended 31 March 2024 16. Analysls of charltable funds fcortth Northumbria Police Paul Hamlyn Foundation REND Rosa Tesco gIden token Connected Voice (100) (22,916) 900 2,084 8,490 4.499 3.204 3,600 25,000 8.490 6,997 10,000 3,600 357,558 {2,498) {6,796) 119,198 (301,932) (40n 174.417 16. Analysls of net a880ts bet%%trn fund8 Unrestrided Funds Restricted Total Funds Funds 2024 Current assets Creditors less than 1 year Net as80ts 149,825 (13,576) 136.249 115,884 265,709 (13,576) 252,133 115.884 Unrestricted Funds Restricted Total Funds Funds 2023 Current assets Creditors less than 1 year Net asaets 165,317 {9,618) 155,699 174,417 339,734 19,618) 330,116 174,417 21
Young Women's Outreach Project Management Inf0mtIon Year ended 31 March 2024 The followlng pages do not fomi part of the flnancbal statements. 22
Young Women's Outreach Project Detalled Statsment of Flnanclal Actlvltles Year ended 31 March 2024 2024 2023 Income and endovmntS Donations and legacies Donations The National Lottery Community Fund The National Lottery Community Fund - Women & Girts Ballinger Charitable Trust Gateshead Council Lloyds Bank Foundation Paul Hamlyn Foundation BBC Children In Need Pilgrim Trust Lankelly Chase James Thomton DAF Cheshire Community Foundation The Leather Sellers Sir James Knott Trust Ka1 Groun(Ork UK Tesco NHS CCG LGA Foundats'on Other smaller grants 14,394 60.659 42,834 20.000 43.000 16,705 52.397 28,286 15.000 52.250 25,000 7,699 27,500 29.226 36,008 1,050 52,130 12,500 19,952 20.000 10,000 10.000 29,931 10.000 10,000 6,500 15,875 10,000 1.500 7,750 343.873 344,273 Charltabl• actlvltles School charges Room hire Recharges G18dstone House recharge REND Other income 22.260 971 20,389 13,187 17,500 26,657 {8,490) 170 41,568 51,076 Total Income 385,441 395,349 23
Young Women's Outreach Project Detailed Statement of FinancAI Activities (ColnU Year ended 31 March 2024 2024 2023 Expendlture Stsff costs Employefs NIC Pension costs Rent & Utilib'es Insurance Other premises costs Travel Legal and professional fees Project costs Office costs Educational and office equipment Hospitality Training and residentials Other costs 343.391 21,350 5,238 6.540 243,568 13,567 2,972 23,220 1.492 3.114 11,743 2,227 6.630 1,249 16.099 6,373 327 758 16,714 17,986 5,711 3.731 4,557 24,253 7,214 2,587 4.152 Total oxpendtturn 463,424 333,339 Net (expendlturevlncome (77,983) 62.010