## **YOUTH ELY HUB CHARITABLE INCORPORATED ORGANISATION (YEH!)** REGISTERED CHARITY NO: 1159257 ## **TRUSTEES’ ANNUAL REPORT - 2023** The charity has managed the facility efficiently and effectively for the accounting year. A program of maintenance and refurbishment continues from income and reserve funds. This efficient and low cost management allows for a public building to continue to service the community. This is achieved via the letting of rooms to local charities, community groups, local authority services, and small business, which provides regular income to support the Centre and the project whilst maintaining the building. The financial situation is now more stable since energy costs have increased but at least levelled out. Overall use of the site still continues to increase, especially with regard to local authorities offering social and community services, including Cambridgeshire County Council, providing various youth and other support services, including as a child contact centre. Centre 33 continue to occupy the site and has been increasing services to local young people. The current year has also seen new and increased occupation from a number of specialist groups and charities providing, for example, additional education, specialist counselling for young people and adults etc whilst usage by theatre groups, arts, sports/exercise-based and education-based activity continues to grow or remain stable. The planned refurbishment of the Main Hall and adjoining kitchen, to make the venue more functional and thereby sustainable, has now been achieved. The project will eventually also include the acquisition of staging, theatre lighting and sound system, intended to promote enhanced use as a venue for the community and, in particular, aimed at youth. It is foreseen that the final stages of the refurbishment will be achieved in the year to come. In the coming year, the charity will be pursuing grant funding to refurbish further older and underutilised areas of the building; percentage contributions are often required and reserves are being built for this purpose. Recei tsandPa ments for Youth El Hub Charitable Incor Charit No 1159257 for ear endin 31st December 2023 orated O anisation Ex enditure Employees Wages Buildings Repairs & Maintenance Heating Oil 9618.63 49292.78 4972.93 48594.87 charges Misc Rent 1290.29 1668.61 1560.59 TOTAL PAYMENTS 116998.70 Income Rent Room Hire 31776.95 28903.34 Refunds/Returned Funds 1062.25 Exem Grant TOTAL RECEIPTS t Income 43999.50 105742.04 DEFICIT OF RECEiwfs OVER PAYMENTS 11256.66 Balance Bfwd as Bank Statement Plus Income 62937.76 105742.04 Less Expenditure Balance as per Bank Statement 116998.70 51681.10 I confirm that these accounts have been checked and approved. All income and expenditure has been checked, and the accounts have been reconciled against the bank statements. Joanne Pearson 4, June 2024 Recei tsandPa ments for Youth El Hub Charitable Incor Charit No 1159257 for ear endin 31st December 2023 orated O anisation Ex enditure Employees Wages Buildings Repairs & Maintenance Heating Oil 9618.63 49292.78 4972.93 48594.87 charges Misc Rent 1290.29 1668.61 1560.59 TOTAL PAYMENTS 116998.70 Income Rent Room Hire 31776.95 28903.34 Refunds/Returned Funds 1062.25 Exem Grant TOTAL RECEIPTS t Income 43999.50 105742.04 DEFICIT OF RECEiwfs OVER PAYMENTS 11256.66 Balance Bfwd as Bank Statement Plus Income 62937.76 105742.04 Less Expenditure Balance as per Bank Statement 116998.70 51681.10 I confirm that these accounts have been checked and approved. All income and expenditure has been checked, and the accounts have been reconciled against the bank statements. Joanne Pearson 4, June 2024