Charity number.. 1162823 Kent Estuary Youth Project (KEY) UNAUDITED ACCOUNTS FOR THE YEAR ENDED 3111212024 UL KIIJG POTENTIA 4ALL Prepared By: Fiona Will% Accountancy Seivite5 Limited Warton Suite Clawthorpe Hall Business Centre Burton in Kendal Carnforth Lancs LA6 INU
Kent Estuary Youth Project (KEY) FINANCIAL STATEMENTS FOR THE YEAR ENDED 3111212024 TRUSTEES Gregory Tagney ICh3irl Judith Ri8g Rev. Ron Rutter IresiEned during yearl Hilary Fordham Derek Ridgwav Linda Baverstock (resigned during the yearl Dr. Andrew Skinner (appointed 23107/20241 Paul Thompson lappointed 23107120241 REGISTERED OFFICE 6 The Square Milnthoipe Cumbria LA7 7QJ CHARtrY NUMBER 1162823 ACCOUNTANTS Fiona Wills Accountancy Services Limited Warton Suite Clawthorpe Hall Bu5iNe55 Centre Burton in Kendal Carnforth Lancs LA6 INU Independent Examlner SJW Accountants Casterton Suite Clawthorpe Hall Business Centre Burton in Kendal Carnforth Lanc5 LA6 INU Page I
Kent Estuary Youth Project (KEY) ACCOUNTS FOR THE YEAR ENDED 3111212024 CONTENTS Page Report of the Trustees Independent Examiners Statement Accountants Report Statement of Financial Activities Balance Sheet Notes to the Accounts 9TOIO Detailed Statement of Financial Activities li Page 2
Kent Estuary Youth Project (KEY) FOR THE YEAR ENDED 3111212024 TRUSTEES FINANCIAL REPORT The tnteeS present thelr report and •ccounts fty they1 ended 3111112024 PRINaPAL AcrNmES The prlnclpal artbltty of ¢h¥1 In the ye•r rwww•sworklThawlth yjni people. The Kent Estuary Youth lknlecl Is • Ch•rltable Inmrpor•t•d 0181$•t, whose only votln8 rnembtrn Ire Its th•rlty trustees, reglstered number 1162823. It Is 8ry¥wrd ty a cOrntbtUtk 0124thJuty 2015 The oblectlves of the CIO are, wlthln th•Countyof Cumbrla and wth • prbmiry lo¢us on the comrnunltl•s orourd th• Kent EstU8ry, to advance In Ilfe ond help youn8 people throu8h: lal Th• w¢yA51on of r•trthttknal and l•lwrnttrn• yty41d•d Intw•st Of¢1•1 w•lhrn, Ibl Provldln8 SUPPOrt •nd xt1¥ft% whlth d•¥dop tw iklll4 capadll•s nd tapibllltl•s Iphyskal, m•nt•l splrttuill 1¢) show14 the k>b of God ty asststlwsuch youw p•ople to find sttwlty. purpos• •nd fvIAlmont In thdr ltrrts. The property of CIO m•y only be ui•d for purpows whlth are ch•rftstsle In •wdan¢• the Charltles Art 2011. Ac¢ofdln8 10 its consibtutth, ao pert0 do •ryiN wNch h ¢knt•d to fvrth•r Its obl•¢tlw% or tondudveor Inddent•l to w. subJ•rt toth• ofth• Ch•rftkn ki 2011. Thls Indud•s the power ts: Ill borrow mwi 121 buy, tike on lea or In •xchani4 hlr• oroth•rth atw wop•rty and to m•lntaln and •qulp It for uv,. 131 sell, •5¢ or otheTh¥lse d15w ol all or any part ol the property kknn8lr4 to the CIO. 141 employ and remunernte st•ff •s•re fty oui work of th• CIO. 151 deposlt OT Inve funds. 161 work In 4ssodatlon wfth other 8roups or or8anlsatlcu where Itwlll fvrther itt4ince the objecttr. Th• Ine¢)me Ind pr<perty ofthe CIO musl be applled solety ttr4T¥ds the w(notkffj ofthe ObJxU. Thls report h•$ pwo¥*d by the Board ofT re80ry Tagn Trustee
Kent Estuary Youth Project (KEY) FOR THE YEAR ENDED 3111212024 INDEPENDENT EXAMINERS STATEMENT INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEE5 OF KENT ESTUARY YOUTH PROJEcf IKEYI I report to the trustees on my examination of the atcount5 for the period ended 31 December 2024. REsPE1VE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The trustees are responsible for the preparation of the accounts. The trustee5 consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Actl and that an independent examination is needed. The charity's gross income did not exceed £250,000 and l am qualified to undertake the examination by beinÈ a qualified member of ACCA. It is my responsibility tts.. examine the accounts under section 145 of the 2011 Act., follow the procedures laid down in the general Directions given by the Charity Comrni55ion under section 1451Sllbl of the 2011 Act,. and State whether particular matter5 have corne to rny attention. BASIS OF INDEPENDENT EXAMINERS STATEMENT My examination was tarried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a compèrison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Page 4
Kent Estuary Youth Project (KEY) FOR THE YEAR ENDED 3111212024 INDEPENDENT EXAMINERS STATEMENT INDEPENDENT EXAMINERSSTATEMENT I have completed my examination. I can confim that no material matters have come to my attention in connection with the examination giving me cause to believe that in any rnaterial respect.. l. accounting records were not kept in respect of the trust as required by section 130 of the Act,. or 2. the accounts do not accord with those records,. or 3. the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Date.. 2811012025 Waters Accountancy Limited Casterton Suite Clawthorpe Hall Business Centre Burton in Kendal Carnforth Lancs LA6 INU Page 5
Kent Estuary Youth Project (KEY) ACCOUNTANTS, REPORT TO THE BOARD OF DIREcfoRS ON THE UNAUDITED ACCOUNTS OF KENT ESTUARY YOUTH PROJECT (KEY). FOR THE YEAR ENDED 31/1212024 In order to assist you to fulfill your duties under the Charities Act 2011, we have prepared for your approval the accounts of Kent Estuary Youth Project IKEYI for the year ended 3111212024 as set out on pages- to 7 to 12 from the charity's accounting records and from information and explanations you have Eiven us. As a practising member of the ACCA, we are subject to its ethical and other professional requirements which are detailed on their website. This report is made solely to the Board of Trustees of Kent Estuary Youth Project IKEYI, as a body, in accordance with the terms of our engagement letter dated 1710612022. Our work has been undertaken solely to prepare for your approval the accounts of Kent Estuary Youth Project IKEYI and state those matters that we have agreed to state to the Board of Directors of Kent Estuary Youth Project IKEYI, as a body, in this report, in accordance with the requirements of the ACCA as detailed on their website. To the fullest extent permitted by law, we do not accept or assume re5pon5ibility to anyone other than Kent Estuary Youth Project IKEYI and its Board of Trustees as a body for our work or for this report. It IS YOUT duty to ensure that Kent Estuary Youth Projett IKEYI has kept adequate aceounting Tetords and to prepare statutory accounts that give a true and fair view of the assets, liabilities and financial position of Kent Estuary Youth Project IKEYI. You consider that Kent Estuary Youth Project IKEYI is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of Kent Estuary Youth Project IKEYI. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. Fiona Wills Accountancy Services Limited Warton Suite Clawthorpe Hall Business Centre Burton in Kendal Carnforth Lancs LA6 INU 1910812025 Page 6
Kent Estuary Youth Project (KEY) Statement of Financial Activities For the Year ended 3111212024 2024 Total 2023 Total Incomè Income from generated funds Donations and legacies Income from Investments Grants Total Income and endowments 2,542 558 131,977 135.076 136.667 434 137,101 Expense5 C05t of generating funds Expenditure on Charitable attivities Total Expenses Net gains on invèstments Net Income 113,540 113,540 120,665 120,665 21.536 16,436 GalnsllLossesl on revaluatlon of fixed assets Net movement in funds Net income for the year Net funds carried forward 53.552 21,536 75,088 37,116 16,436 53,552 This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities Page 7
Kent Estuary Youth Project (KEY) BALANCE SHEET AS AT 3111212024 2024 2023 Notes FIXED ASSETS Tangible 3s5ets 963 1,842 CURRENT ASSErs Debtors (amounts falling due within one yearl Cash at bank and in hand 425 76,447 76.872 2.748 2,280 54,559 56,839 5,118 CREDITORS (Amounts falling due within one ye3rl NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 74,124 75,088 51,710 53,552 CAPITAL AND RESERVES Unrestrieted funds 75.088 53,552 Approved by the board of trustees on 1910812025 and signed on their behalf by Gregory Tagney Trustee Page 8
Kent Estuary Youth Project (KEY) NOTES TO THE ACCOUNTS For the Year ended 3111212024 I. ACCOUNTING POLICIES la. Basis Of Accounting The account5 have been prepared under the historical cost convention. The account5 have been prepared in accordance with FRS102 and the requirements of the Statement of Recommend8d Practice, Accounting 3nd Reporting by Charities. Ib. Incomlng Resources All incoming resources are included on the Statement of Financial Activitie5 when the charity 15 legally entitled to the income and the amount can be quantified with reasonable accuracy. Ic. Resources Expended Expenditure 15 accounted ftsr on èn atcruals basis and has been classified under headings that aggregate all Cost related to the category. Where costs cènnot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Id. Allocatlon And Apportlonment Of Costs All costs relate to the single activity of the CIO and are recognised accordingly. le. 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. Designated funds are funds Set aside by the tru5tee5 Out of unrestricted general funds for the specific future purposes or project5. If. Depreciation Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Fixtures and Fittings 20.00% Equipment 33.33% IB. Turnover Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discount5. Page 9
Kent Estuary Youth Project (KEY) 2. EMPLOYEES 2024 2023 No Average number of employees 3. PENSION CONTRIBUTIONS Pension Contributions 2024 2.248 2023 3,401 3. TANGIBLE FIXED ASSETS Fixtures and Fitting5 Equipment Total Cost At oII0112024 Additions Disposals At 3111212024 1,114 1,287 2,401 399 399 1,114 888 2,002 Depreclatlon At 01/0112024 For the year At 3111212024 200 183 383 359 297 656 559 480 1,039 Net Book Amounts At 3111212024 As at 3111212023 731 232 963 914 928 1,842 4. DEBTORS 2024 2023 Amounts falling due within one year.. Trade debtor5 Other debtors 400 25 2,158.00 122.00 425 2,280.00 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade Creditors Taxation and social security other creditors 1,984 458 2,460 2,238 420 5,118 305 2,746 7. UNRESTRICTED FUNDS Brought Incoming Outgoing forward resources resources Transfers Carried forward 53,552 13S,076 113,540 75,088 Page 10
Kent Estuary Youth Project (KEY) Incoming Resources and Expenditure For the Year ended 3111212024 2024 2023 Incoming rèsources IncominE resources from generated funds Grants/Donations Investment income Gift aid 134.519 558 136,667 434 135,076 137,101 Expenses Cost of generatlng funds Costs of generatlng voluntary Income Purchases Subcontractors 15,014 14,696 802 15,498 15,014 Charltable Actlvltles Advertising Heat and Light Rent Repairs and renewals General wages Sub contractor Pension contributions Staff Welfare Training Travel Accountancy fees Insurance stationery & office supplies Telephone Subscriptions Bank charges Sundry expenses Depreciation of fixtures and fittings Depreciation of equipment 397 630 13,934 982 67,481 2,518 2,247 15 507 13,321 701 76,237 3,401 480 3.671 2.535 989 862 756 325 23 695 183 297 98,527 5,747 1,367 1,003 158 751 124 864 171 309 105,167 113,540 120,665 Page 11