**Charity registration number 1160734**
**Company registration number 09042564 (England and Wales)**
## **PRIORITY YOUTH PROJECT**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 JUNE 2024**
## **PRIORITY YOUTH PROJECT**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr B Broadhurst Mr J Cain J Hartwell B Powell M Powell (Chairman) L Wheeler **Charity number** 1160734 **Company number** 09042564 **Registered office** St. Marys Millenium Centre Meadow Lane West Derby Liverpool Merseyside United Kingdom L12 5EA **Independent examiner** Sedulo Liverpool Limited 5th Floor Walker House Exchange Flags Liverpool Merseyside United Kingdom L2 3YL
## **PRIORITY YOUTH PROJECT**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 6|
|Independent examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the financial statements|10 - 15|
## **PRIORITY YOUTH PROJECT**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
The trustees present their annual report and financial statements for the year ended 30 June 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "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 Charitable objects**
Priority Youth Project was established in 2014, to support children and young people. The charity's objectives are to advance in life children and young people through:
(1) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
(2) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
The trustees of Priority Youth Project confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit when reviewing the charity’s aims and objectives and in planning its activities for the year. They have carefully considered how the charity’s activities contribute to the public benefit and are aligned with its charitable purposes, in accordance with the requirements outlined by the Charity Commission.
This includes ensuring that the charity’s operations are accessible, inclusive, and in furtherance of its mission to benefit the public, as per the guidance provided.
Below is an example of public benefit from the provision of recreational and leisure time activities:
The provision of recreational and leisure time activities in the interest of social welfare has significantly benefited the public, particularly within Low Socioeconomic Status communities. For instance, through the establishment of regular detached youth work, youth clubs, diverse, challenging activities and creative arts workshops, individuals of all ages have been provided with access to safe, structured environments where they can engage in physical exercise, social interaction, and creative expression.
These activities not only promote physical health but also foster mental well-being by offering opportunities for relaxation, social inclusion, and skill development. Participants, particularly young people reported improvements in their quality of life, a reduction in feelings of isolation, and the development of new friendships and support networks. This directly aligns with the charity’s mission to improve conditions of life for the public through accessible leisure and social opportunities, enhancing overall community cohesion and well-being.
And also,
The provision of support and activities aimed at developing individuals' skills, capacities, and capabilities has created significant public benefit, particularly for young and marginalized groups. For example, through school partnerships, education around risky behaviours, and the encouragement in participation in decision making processes that impact on their lives participants have gained valuable life skills such as communication, leadership, financial literacy, and problemsolving.
These activities not only help individuals enhance their employability but also build their confidence and self-esteem, enabling them to contribute positively to society. By equipping them with the necessary tools to make informed decisions and take on responsibilities, the charity empowers participants to become active, mature, and responsible members of their communities. As a result, they are better prepared to engage in civic duties, pursue meaningful careers, and establish stronger social networks, which benefits society as a whole by fostering a more engaged, skilled, and inclusive population.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 1 -
## **PRIORITY YOUTH PROJECT**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **Activities and Performance** :
- Delivered a range of detached youth work provision providing quality support to young people aged 10-18. Supporting reduction of ASB in local communities.
- Delivered a range of centre based junior & senior youth provision 4 evening per week for 8–18-year-olds supporting personal development and emotional growth.
- Delivered a wide range of diversionary activities during all school holidays.
- Delivered 2 after school bus projects for 8-12 years olds per week via use of our youth mobile bus providing a range of inclusive activities and informal educational projects.
- Identified young people who have needed extra support with counselling, school uniforms and warm clothing, and have been able to support families with advice and information.
- Supported children & young people with a range of educational opportunities to reduce risk taking behaviour.
- Provided 1-1 counselling support for children & young people supporting emotional growth and mental well being Key achievements of 2024.
- Development of Family Support Service targeting families in the community who are in danger of falling into poverty and are in need of information, advice and support in order to prevent family breakdown.
- Provided support with food, clothes, emotional and practical support to enable families to fully thrive.
- Successfully worked with key partners in the community to support families in need and support with housing and external environmental issues.
- Developed our 1-1 counselling service and expanded our reach to more children & young people.
- Developed new partnerships with agencies and local schools to enable us to provide a holistic approach to intervention and crisis prevention.
**Public benefit** In shaping the objectives for the year and planning the Priority Youth Project activities, the Trustees have considered the Charity Commission's guidance on public benefit, including the guidance on public benefit and fee charging.
**Equal opportunities** Priority Youth Project operates an Equal Opportunities Policy on the recruitment of all employees, and in the promotion of its activities. Priority Youth Project is working to complete a Diversity Action Plan, which will be updated year on year.
## **Achievements and performance**
**Charitable activities** Income from engagements continued to be strong generating income for the year ended 30th June 2024 of £306,323 (2023: £293,955)
## **Financial review**
Against the backdrop of limited resources and insecurities over funding, it has continued to be difficult to plan or develop services. Nevertheless the charity, with the aid of a considerable amount of effort in bid writing as well as sound financial management we have generated a positive financial outcome for the period with a net increase in funds resulting in a surplus of £5,406 (2023: Surplus of £2,335). Its success in obtaining new funding for 2024/25 from Liverpool City Council for the next 5 years will provide much needed funds to carry on with our public benefitting work.
- 2 -
## **PRIORITY YOUTH PROJECT**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **Reserves policy**
The Trustees working together with the management has examined the charity’s requirements for reserves considering the main risks to the organisation. It has established a reserves policy whereby the target of £150,000 has been set so that the Charity can continue to meet its charitable objects and is not overly susceptible to changing economic conditions. £150,000 represents approximately 6 months operating costs which will protect the Charity from fluctuations and reductions in earned income. The trustees have created a cashflow forecast to ensure prudent short-, medium- and long-term financial stability. The management team are using the live document to input actual revenue and outgoings to maintain its relevance and to aid activity planning without jeopardising financial stability.
Unrestricted reserves are reported at 30th June 2024 was £126,154 (2023: £120,753)
## **Principal funding sources**
Priority Youth Project would like to thank all individual and organisational donors and grant givers as well as our local ward Councillors for their continued support. We are funded this financial year by Liverpool City Council £88,787, Garfield Weston £10,000. Gosling £5,000. Liverpool One Community Foundation £12,500, Ashworth £4,084. Masonic Charity £5,000. Miche Foundation £3,000. Riverside £9,900. The Swire £20,000. Tudor Trust £20,333. The Big Lottery £89,053. Duchy of Lancashire £5,000. The John Moore's Foundation £5,000,
The charity has received fundraising income and donations from individual donors and corporate sponsorship totalling £17,500 (2023: £13,816).
There are no subsidiary undertakings.
## **Investment policy and objectives**
This year the Trustees have discussed the investment of our reserve funds. In the coming months we intend on placing the majority of the reserve into a managed fund. It is the charity’s desire to only invest in sustainable entities (environmental, economic and social). The investment will be placed in an investment vehicle which is accessible to ensure it can be drawn easily if necessary.
## **Going concern**
Funding is becoming increasingly difficult to attain. With more competition for such funds across the charity sector, due to economic conditions generally. Funding remains a significant risk to the charity’s ability to continue as a going concern. However, we have secured part funding for the next 5 years, have a robust reserve policy in place and continue to manage the finances (forecasted and real time) to mitigate as much of the risk as possible. At the time of reporting the charity is financially stable.
## **Structure, governance and management**
The Charity is governed by its Memorandum and Articles of Association. The Charity is a company limited by guarantee, registered at Companies House (registration number: 1160734) and a charity registered with the Charity Commission (registration number: 1160734).
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr B Broadhurst
Mr J Cain
J Hartwell B Powell M Powell (Chairman) L Wheeler
- 3 -
## **PRIORITY YOUTH PROJECT**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **Recruitment and appointment of new trustees**
As prescribed in the Articles of Association:
• The Trustees, when complete, consist of at least three and not more than ten individuals, all of whom must be members aged 16 or over;
• Every Trustee must sign a declaration of willingness to act as a charity trustee of the Charity before he or she may vote at any meeting of the Trustees;
• All of the Trustees must retire each year, or at the AGM should the Charity hold one. If no AGM takes place then Trustee elections should take place annually at a General Meeting called for the purpose. The longest in office should retire first and the choice between any of equal service being made by drawing lots.
• The Trustees may at any time co-opt any individual who is qualified to be appointed as a Trustee to fill a vacancy in their number, but a co-opted Trustee holds office only until the next AGM (where the charity holds one), or until the next election of Trustees takes place, whichever is the sooner.
Trustees third party indemnity is now in place for its Trustees and other Officers which will give them appropriate cover against the consequence of any neglect or default on their part.
Trustee Induction and training programme is designed for each new Trustee to enable them to understand the Charity's operational ways of working, how its strategic objectives are delivered and the challenges it faces. Trustees are chosen and trained in accordance with their skills set and their needs are assessed via a skills audit.
- 4 -
## **PRIORITY YOUTH PROJECT**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **Organisational structure Board of Trustees**
The Board is responsible for the overall governance of the Charity, and consists of 6 trustees who meet quarterly and are responsible for the strategic direction and policy of the charity. They come from a variety of professional backgrounds relevant to the work of the charity.
A scheme of delegation is in place and day to day responsibility for the running of the charity rests with the senior management team, starting with the CEO, who ensures the charity delivers the services specified and that key performance indicators are met. All trustees, staff and volunteers hold enhanced DBS certificates and are up to date with relevant training including safeguarding. Training for staff and volunteers is continuous throughout the working year, and we have a structure in place for staff so that they feel well supported which includes regular supervisions and yearly appraisals.
The Board meets bi-monthly (every two months) to review strategy and operational performance and set operating plans and budgets. It delegates certain powers in connection with the management of the Charity. Delegated powers are covered in the Standing Orders and the Financial Regulations and are reviewed periodically.
The Board has set up an Audit and Performance Committee (Spring 2023) comprising of up to four Trustees which will be responsible for risk assessment, risk management, internal control and the review of the Charity's performance in the achievement of the objectives outlined in its business and operational plans. It will also be responsible for overseeing the external audit.
## **Chief Executive Officer**
The Chief Executive Officer Sarah Hughes is responsible for the day-to-day management of the charity’s affairs, managing staff and for implementing policies agreed by the Board of Trustees. Sarah Hughes reports to the board of trustees. The board of trustees are set out below:
|Name of Trustee and Role|Year Appointed|
|---|---|
|Mark Powell Chair|2014|
|James Hartwell Vice Chair|2015|
|Bernie Powell member|2016|
|Lee Wheeler Treasurer|2017|
|John Cain Secretary|2018|
|Ben Broadhurst Member|2017|
Trustees third party indemnity is now in place (Policy number 100719892BDN) for its Trustees and other Officers which will give them appropriate cover against the consequence of any neglect or default on their part.
Trustee Induction and training programme is designed for each new Trustee to enable them to understand the Charity's operational ways of working, how its strategic objectives are delivered and the challenges it faces. Trustees are chosen and trained in accordance with their skills set and their needs are assessed via a bi-annual skills audit **.**
## **Communications with staff**
Our staff review working practices on our detached work regularly and implement changes when deemed necessary. Staff training remains high on the agenda to assist in such risk and response.
- 5 -
## **PRIORITY YOUTH PROJECT**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **Risk management**
The Risk Management System, which will include a risk register, risk map and process, policies and procedures relating to the specific risks facing Priority Youth Project, will be reviewed at least annually and recommendations for change and improvement to the Board will also be reviewed at least annually. The Board will review all relevant risks facing the charity, at each meeting. The Risk Management System is reviewed in context with the policies on Reserves and Insurance and is updated throughout the year by the Charity's Executive team. The key risks to the organisation include impact of economic climate. This is managed through a regular review of the organisation's income streams, assessments of the economic climate and discussions with funders and programming accordingly.
## **Financial Risk Management**
Prices of goods and services purchased are subject to contracts with suppliers based on market prices, and salary costs are in line with Liverpool City Council's NJC pay scale and are subject to a formal annual review. Our standard payment terms are 30 days. Credit risk on amounts owed by donors is low. In terms of liquidity risk, the charity has no short-term borrowings and our policies on the management of investments and reserves will be set out in our reserves policy. The accounts have three signatories; the CEO, the Treasurer and the Chair. A list of payments to be made is sent out by the CEO and checked. No payments are made without the authorisation of either the Chair or the Treasurer. If items are unclear then questions are asked to ensure clarity. Payments are then authorised by the second signatory. Petty cash is limited to £500.
## **Principle risks**
The trustees together with the senior management has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, policies, systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, our young patrons and visitors to the centres. Also worthy of note; prices of goods and services purchased are subject to contracts with suppliers based on market prices, and salary costs are in line with Liverpool City Council's NJC pay scale and are subject to a formal annual review. Our standard payment terms are 30 days. Credit risk on amounts owed by donors is low. In terms of liquidity risk, the charity has no short-term borrowings and our policies on the management of investments and reserves will be set out in our reserves policy.
The trustees' report was approved by the Board of Trustees.
M Powell (Chairman) Trustee
**Dated: 3 October 2024**
- 6 -
## **PRIORITY YOUTH PROJECT**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF PRIORITY YOUTH PROJECT**
I report to the trustees on my examination of the financial statements of Priority Youth Project (the charity) for the year ended 30 June 2024.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.
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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements 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 financial statements 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 financial statements to be reached.
Amanda Davidson FCCA for and on behalf of Sedulo Liverpool Limited 5th Floor Walker House Exchange Flags Liverpool Merseyside L2 3YL United Kingdom
Dated: 3 October 2024
- 7 -
## **PRIORITY YOUTH PROJECT**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**2**
24,127
500
Charitable activities
**3**
25,308
281,015
Other income
**4**
2,940
-
**Total income**
52,375
281,515
**Expenditure on:**
Raising funds
**5**
-
11,000
Charitable activities
**6**
43,290
274,195
**Total expenditure**
43,290
285,195
**Net income/(expenditure)**
9,085
(3,680)
Transfers between funds
(3,680)
3,680
**Net movement in funds**
**8**
5,405
-
**Reconciliation of funds:**
Fund balances at 1 July 2023
120,753
-
**Fund balances at 30 June 2024**
126,158
-|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
24,627
8,749
5,067
306,323
8,219
285,736
2,940
-
-
333,890
16,968
290,803
11,000
1,016
12,500
317,485
13,198
278,722
328,485
14,214
291,222
5,405
2,754
(419)
-
(419)
419
5,405
2,335
-
120,753
118,418
-
126,158
120,753
-|**Total**
**2023**
**£**
13,816
293,955
-|
|---|---|---|
|||307,771|
|||13,516
291,920|
|||305,436|
|||2,335
-|
|||2,335
118,418|
|||120,753|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 8 -
## **PRIORITY YOUTH PROJECT**
## **BALANCE SHEET**
## _**AS AT 30 JUNE 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**14**
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension liability**
**The funds of the charity**
Unrestricted funds|**2024**
**£**
100,000
82,024
182,024
(80,669)|**£**
24,803
101,355
126,158
126,158
126,158
126,158|**2023**
**£**
-
200,879
200,879
(94,236)|**£**
14,110
106,643|
|---|---|---|---|---|
|||||120,753|
|||||120,753|
|||||120,753|
|||||120,753|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 3 October 2024
L Wheeler
## **Trustee**
Company registration number 09042564 (England and Wales)
- 9 -
## **PRIORITY YOUTH PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **1 Accounting policies**
## **Charity information**
Priority Youth Project is a private limited company by guarantee incorporated in England and Wales. The registered office is St. Marys Millenium Centre Meadow Lane, West Derby, Liverpool, Merseyside, L12 5EA.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
## **1.2 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.3 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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 the 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.
## **1.4 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
|Fixtures and fittings|25% on reducing balance|
|---|---|
|Computers|25% on reducing balance|
|Motor vehicles|25% on cost|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
- 10 -
## **PRIORITY YOUTH PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.6 Irrecoverable taxes**
The Charity is not registered for Value Added Tax (VAT) as it does not make taxable supplies. As a result, any input tax suffered by the Charity forms part of either (a) the expended resource to which it relates or (b) the cost of the corresponding fixed asset.
## **2 Income from donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
24,127
500
**3**
**Income from charitable activities**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Grants
23,710
281,015
Other income
1,598
-
25,308
281,015
**4**
**Other income**|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
24,627
8,749
5,067
**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
304,725
5,760
285,736
1,598
2,459
-
306,323
8,219
285,736|**Total**
**2023**
**£**
13,816|
|---|---|---|
|||**Total**
**2023**
**£**
291,496
2,459|
|||293,955|
||||
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Net gain on disposal of tangible fixed assets|2,940|-|
- 11 -
## **PRIORITY YOUTH PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **5 Expenditure on raising funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**Fundraising and publicity**
Seeking donations, grants
and legacies
-
-
Other fundraising costs
-
11,000
-
11,000
**Expenditure on charitable activities**
**Young people**
**events and**
**activities**
**Other**
**2024**
**2024**
**£**
**£**
**Direct costs**
Staff costs
213,600
2,872
Depreciation and
impairment
-
8,267
Activities, courses &
workshops
56,375
-
Telephone
600
-
Computer expenses
2,493
-
Travel & motor expenses
9,890
-
Insurance
-
4,317
Sundries
-
4,282
Room hire
-
5,817
Entertainment
-
742
Repairs
-
-
282,958
26,297
**Share of support and governance costs (see note 7)**
Governance
-
8,230
282,958
34,527
**Analysis by fund**
Unrestricted funds
30,414
12,876
Restricted funds
252,544
21,651
282,958
34,527|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
-
1,016
-
11,000
-
12,500
11,000
1,016
12,500
**Total**
**Young people**
**events and**
**activities**
**Other**
**2024**
**2023**
**2023**
**£**
**£**
**£**
216,472
179,917
2,425
8,267
-
4,704
56,375
71,337
-
600
453
-
2,493
1,890
-
9,890
4,046
-
4,317
-
4,114
4,282
-
5,412
5,817
-
9,007
742
-
-
-
-
1,240
309,255
257,643
26,902
8,230
-
7,375
317,485
257,643
34,277
43,290
5,594
7,604
274,195
252,049
26,673
317,485
257,643
34,277|**Total**
**2023**
**£**
1,016
12,500|
|---|---|---|
|||13,516|
|||**Total**
**2023**
**£**
182,342
4,704
71,337
453
1,890
4,046
4,114
5,412
9,007
-
1,240|
|||284,545
7,375|
|||291,920|
|||13,198
278,722|
|||291,920|
## **6 Expenditure on charitable activities**
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## **PRIORITY YOUTH PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
|**7**
**Support costs allocated to activities**
Governance costs
**Analysed between:**
Other
**8**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
Profit on disposal of tangible fixed assets|**2024**
**£**
8,230
8,230
**2024**
**£**
8,267
(2,940)|**2023**
**£**
7,375|
|---|---|---|
|||7,375|
|||**2023**
**£**
4,704
-|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **10 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
13
**2024**
**£**
203,521
6,886
3,193
213,600|**2023**
**Number**
11|
|---|---|---|
|||**2023**
**£**
171,023
6,047
2,847|
|||179,917|
There were no employees whose annual remuneration was more than £60,000.
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 13 -
## **PRIORITY YOUTH PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
|**12**
**Tangible fixed assets**
**Fixtures and**
**fittings**
**Computers Motor vehicles**
**£**
**£**
**£**
**Cost**
At 1 July 2023
250
1,225
18,647
Additions
-
-
18,959
At 30 June 2024
250
1,225
37,606
**Depreciation and impairment**
At 1 July 2023
250
1,099
4,662
Depreciation charged in the year
-
31
8,236
At 30 June 2024
250
1,130
12,898
**Carrying amount**
At 30 June 2024
-
95
24,708
At 30 June 2023
-
125
13,985
**13**
**Debtors**
**2024**
**Amounts falling due within one year:**
**£**
Other debtors
100,000
**14**
**Creditors: amounts falling due within one year**
**2024**
**£**
Trade creditors
3,500
Other creditors
712
Accruals and deferred income
76,457
80,669
**15**
**Retirement benefit schemes**
**2024**
**Defined contribution schemes**
**£**
Charge to profit or loss in respect of defined contribution schemes
3,193|**Total**
**£**
20,122
18,959|
|---|---|
||39,081|
||6,011
8,267|
||14,278|
||24,803|
||14,110|
||**2023**
**£**
-|
||**2023**
**£**
75
636
93,525|
||94,236|
||**2023**
**£**
2,847|
- 14 -
## **PRIORITY YOUTH PROJECT**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
**15 Retirement benefit schemes**
**(Continued)**
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **16 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 July 2023**|**Incoming**|**Resources**|**Transfers At 30 June 2024**|**Transfers At 30 June 2024**|
|---|---|---|---|---|---|
|||**resources**|**expended**|||
||**£**|**£**|**£**|**£**|**£**|
|General funds|120,753|52,375|(43,290)|(3,680)|126,158|
|**Previous year:**|**At 1 July 2022**|**Incoming**|**Resources**|**Transfers At 30 June 2023**||
|||**resources**|**expended**|||
||**£**|**£**|**£**|**£**|**£**|
|General funds|118,418|16,968|(14,214)|(419)|120,753|
- 15 -