Docusign Envdope ID.. FF5Cc8F8-5B6B49364LS0aB3SFAE1 Charity Number: 1166157 HEXHAM YOUTH INITIATIVE Report and financial statements for the year ended 31 March 2024
DlISign Envelope ID." FF5cC8F&sB6B4934tO8B3sFAEl HEXHAM YOUTH INITIATIVE REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 CHARITY NUMBER: 1166157 TRUSTEES: Diane Harris Chair Rosemary Theobalds Stephen Ball TeNy Eccles Ranald Harris Vice Chair Interim TreasUr Jonathan Hill Neil Morrison Treasurer (died 1511112023) Melanie Postill Leonie Serbrook (appointed 0410312024) Kathy Imiite Webster Tony Webster PRINCIPAL OFFICE: Hexham Community Centre Gilesgate Hexham NE46 3NP BANKERS: Unity Trust Bank Nine Brindleypla Bimiingham B12HB INDEPENDENT Nigel Hansford FCA 10 Bramble Croft EXAMINER Lostock Bolton Greater Manchester BL6 4GW
Doojwgn Envelope ID.. FF5CC8F8-5B6849364[36SD8B3SFAE1 HEXHAM YOUTH INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Introduction The trustees present their report and the unaudited financial statements for the year ended 31 March 2024. Reference and administrative infomation set out on page 1 forms part of this report. The financial statements comply with current statutory requirements and the Statement of Recommended Practice (W) -Accounting and Reporting by Charities" issued in January 2019. STRUCTURE, GOVERNANCE AND MANAGEMENT Governance Hexham Youth Initiative is a registered charity, number 1166157. It was registered with the Charity Commission on 21 March 2016, and is constituted as a Charitable Incorporated Organisation (CIO). Its Constitution was adopted on 21 March 2016. The principal activity of the charity is to promote any charitable purposes for the benefit of young people. aged 25 years or under. who are resident in the town of Hexham and the surrounding area in the County of Northumberland, and in particular the advancement of education, the protection of health and the relief of poverty, distress and sickness. Trustees The Management Committee comprises a minimum of four and a maximum of twelve trustees, who are charity trustees for the purpose of charity law. Trustees are elected by the members at the Annual General Meeting and, if willing to stand, offer themselves for re-election each year. The officers of the charity for the ensuing year are nominated and elected (by ballot if necessary) at every AGM. Trustee Induction and Training A Trustee Infomiation Pack is available to potential and new trustees. Potential trustees are invited to attend a trustee meeting to find out more about the workings of the Management Committee and the governance of the charity, after which they may feel better informed to make the decision to become a trustee. New trustees are introduced to the charity, their legal obligations under charity law, the content of the goveming document. the trustees and the decision-making process, the business plan and financial perfomiance of the charity during an induction period soon after appointment. Trustees are also encouraged to attend appropriate training events that will support effective conduGt in their role.
DO$*j EnOpe ID." FFScC8F893864t5O883sFAEl HEXHAM YOUTH INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Organisation The Management Committee is responsible for the overall management and control of the charity and meets approximately six times a year for full Management Committee meetings plus the Annual General Meeting. A finance sub<ommittee meets more regularly and reports to the Management Committee. The charity is run on a day-to4ay basis by the Coordinator. Sessional workers, largely part-time, are employed to provide services to the charity's beneficiaries. Risk Management lthere appropriate, policies and procedures or systems have been put in place to mitigate the risks the charity might face. Significant extemal risks to funding, and the nature of funding across the Community and Voluntary Sector, have led to the development of a regularly reviewed long-term strategic plan including the identification of priority activities in relation to income generation. Policies and procedures exist to ensure compliance with health and safety of all staff. volunteers, and beneficiaries of the charity. This includes the provision of adequate insurance cover and risk assessment of all charitable activities. These policies and procedures are reviewed annually or more frequently, on change of circUmstans. to ensure that they continue to meet the needs of Ihe chartty. OBJECTIVES AND ACTIVITIES Public Benefit In shaping the objectives for the year and in planning the activities. the trustees have considered the Charity Commission's guidan on public benefrt, including the guidance 'public benefit: running a charity (PB2)'. The charity provides various drop-in sessions, information. advi and guidance, motivational and educational projects such as Duke of Edinburgh Award and Young Leaders Group. The charity also offers alternative education projects, mentoring support and a young carers, project, health support including a healthy eating project. sexual health. information and advi and counselling support. We provide a parents. group with crèche and a weekly job club providing support into employment. training and furthereducation. Hexham Youth Initiative also runs Acomb Youth Club and two LGBTQ plus clubs at Queen Elizabeth High School and one at Haydon Bridge High School. We have also been running environmental groups this year, including lunch- time sessions at Queen Elizabeth High School in the woodland garden. In addition, we run holiday play scheme actNities that address issues of holiday hunger, weekend groups and offer residential opportunities for personal development.
D(xxJggn Envelope ID.. FFsCC8F8664936s4c65D8B3sFAEl HEXHAM YOUTH INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE The Hexham Youth Initiative continues to support young people to plan and wn their own projects. For example. young people have skills which will enable them to run sessions at the skatepark and to keep themselves and others safe. Some of the sessions were delivered by Skate GB. The Hexham Youth Initiative continued to build and maintain positive relationships with young people. We have worked hard to encourage young people who have concerns about the future to re-engage with education and training and to begin planning for a more positive future. Our Job Club has supported 12 young people into work and 18 young people into training or further education since the beginning of Sepiember 2023. Many Job Club participants have been volunteering this year. The Hexham Youth Initiative offered a varied programme of activities in all of the school holidays. In the summer of 2023. over 300 people participated in safe, stimulating and fijn summer scheme activities, designed by other young people. They were supported by a dedicated group of staff and volunteers. The Youth Initiative used the Holiday Action Fund wherever possible to address holiday hunger and were also supported by the West Northumberland Foodbank and Trinty Methodist Church. Our Duke of Edinburgh group, wtth participants at Bronze and Silver levels, encourages participants to develop independence, self-esteem and team-work skills. This year, 25 young people have taken part. Young people volunteered in local community projects and raised funds as part of their service section. Expeditions this year were based in and around Hadrian's Wall. Work wilh partners in the community conlinued. including groups for children and young people in the super output area of Hexham East. where some holiday activities were based. We also continued to work with schools. Hexham Communty Partnership, Hexham Rotary, Tynedale Lions, Northumberland County Council and the District Youth Forum to offerjoined up support and activities. FINANCIAL REVIEW The charity remains grateful for the help and support given by local government agencies, charitable trusts and other sources of fundraising and donations. The charity generates a significant proportion of its income from grant funding and fees from alternative curriculum education. Total income, including these grants, fees, fundraising and donations, in the year ended 31 March 2024, was £284,283 {2023'. £243.106). The increase of 16.90/0 was largely a result of higher unrestricted alternative education income of £86,806 (2023.. £52.440). All but £550 of grant funding received was restricted income. but this included major grants from Hexham Town Council and the Belford Charitable Trust specifically for core expenditure. Without these core cost grants the charity would have been unable to cover its essential expenses and plan for the future. All grants are disclosed within Income from charitable activities (Notes 4).
or9Th En¥elope ID." FF5CC8FMB6B493B64[m65D8B35FAEl HEXHAM YOUTH INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Total costs were £289,667 (2023: £242,203) and as a result the charity made a deficit for the year of £5,384 (2023: £903 surplus). Payroll costs, which represent the significant part of the charity's costs. were £201,722 {2023: £157,983) representing 69.6 % of total expenditure (2023.. 65.20/0). Total funds at 31 March 2024 were £54,559 of which £44.562 was held in cash. Of the total funds at 31 March 2024. £24.709 related to unrestricted funds (2023: £35,769). The charity recognises the valuable contribution made by individuals and supporters and would like to thank them very warmly for donations of £8, 107 (2023: £8,284). Reserves Policy The Trustees aim to have a reserve of sufficient unrestricted funds to cover three months. operating costs, plus exlt charges. This figure has been identified following consideration of the main financial risks to the charity. At 31 March 2024 unrestricted funds held amounted to approximately 1.0 months. operating costs (2023: 1.8 months,), and therefore this policy was not met. The strategy is to build reserves through economies of scale wherever possible, suitable cost control, and seeking additional funding to meet essential expenses which underpin the provision of service to members. The trustees regularly review the level of unrestricted reserves at Management Committee meetings. Grant Making Policy The Charity does not make grants. Investment Policy The charity holds no investments, other than reserve funds held in interest bearing bank deposit accounts, and as such has no formal investmentpolicy. PLANS FOR FUTURE PERIODS Our main aim this year is to continue to find funds to support the most disadvantaged and vulnerable young people in our community. We want to offer a responsive and adaptable service and to continue to provide well thought out and prevenlative initiatives. We will also continue to build up our staff and volunteer skills base and concentrate, in particular, on listening to and supporting our young leaders at every level. We will continue to work with the Rank Foundation, supporting a young leader to work as a paid intern with the project for a year. We wi15 continue to work with Hexham Town Council and support the development of new
Docusign Envelope ID". FF5CC8F&5B693g464[k3G5o8B3SFAE1 HEXHAM YOUTH INITIATIVE TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 initiatives on the Sele. including the skatepark. We will work with young people to develop their peer support project and to run skateboard sessions. We will start work with young people to identify fvnding and prepare designs for an extension to the skatepark. In partnership with Queen Elizabeth High School, we will develop work wtth studenls who are disengaged from leaming, using the new school garden and horticulture as a base and focus for youth work. Hexham Youth Initiative will continue to work in partnership with the Hexham and Tynedale Community Trust to support multi-generational work and to seek funds to modernise the building, specifically, to re-design and refit the Hexham Youth Initiative kitchen space in order to provide better facilities for young people. We also wish to make improvements to the exiernal appearance of the building lo make tt more welcoming. STATEMENT OF TRUSTEES. RESPONSIBILITIES Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of reSoUrs, including income and expenditure, for the financial year. in preparing those financial statements. Ihe trustees should follow best practice and: select suitable accounting policies and then apply them consistently observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent state whether applicable UKAccounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements: and prepare the financial statements on the going concem basis unless it is not appropriate to assume that the charity will continue on that basis. The trustees are responsible for Maintaining proper accounting records which disclose with reasonable accuracy at any time the finanoial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the Pfevention and detection or fraud and other irregularities. RESPONSIBILITIES OF THE TRUSTEES Trustees who served during the year and up to the date of this report are set out under Legal and Administrative Information. In accordan with charity law, as the charity's trustees. we certify that: so far as we are •ware. there 18 no ralevant information of which the charity's examiner is unaware: and
as trustees we have taken all the steps that we oughtto have taken in order to make ourselves aware of any relevant accounts information and to establish that the charity's examiner is aware of that information. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in January 2019). Approved by the trustees and signed on their behalf by: .Diane Harris (Chair) 18th November 2024
D¢)cuwgn Envelope ID." FFScc8F&5B6B493EwS08ts3sFAE1 HEXHAM YOUTH INITIATIVE INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF HEXHAM YOUTH INITIATIVE I report to the charity twslees on my examination of the accounts of Hexham Youth Initiative for the year ended 31 March 2024, which are set out on pages 10 to 24. Respective responsibilities of trustees and examlner As the charity's trustees you are responsible for the preparation of the accounts in accordance with Ihe Charilies Act 2011 ("the 2011 Act-). You consider that an audit is nol required for this year under section 144(2) of the 2011 Act and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibilty to- examine the accounts under section 145 of the 2011 Act follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act.- and state whether particular matters have come to my attention Basis of independent examinerfs report An examination includes a review of the accounting records kept by the charity and a comparison 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 Conrning any such matters. The prOdureS undertaken do not provide all the eviden 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. Independent examinerfs statement sin the charity's gross income exceeded £250.000 your examiner must be a member of body listed in Section 145 of the 2011 Act. I confinn that l am qualtfied to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that, in any material respect.. the accounting records were not kept in accordan with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements conMIng 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.
DSon EnOpe ID.. FF5cCBFBw9346SD683sFAEl HEXHAM YOUTH INITIATIVE INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF HEXHAM YOUTH INITIATIVE 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. 4WWDF4604aA Nigel Hansford FCA 10 Bramble Croft Lostock Bolton Greater Manchester BL6 4GW 20 December 2024
Oocusign Envelope ID.. FFSCC8F86B4g39-B6I36So8B3sFAEl HEXHAM YOUTH INITIATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2024 Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 Note Income Irom: Donations and gifts Grants received Charitable activities 8.107 550 103,676 8.107 171,966 103,676 8.284 165,958 68, 656 171,416 Investments 534 534 208 Totsl Income 112,867 171.416 284,283 243,106 Expendlture on: Charitable activities Governance ¢osts 123,277 650 165.740 289,017 650 241,553 650 Total expenditure 123,927 165,740 289,667 242,203 Net incomel(expenditure} (11.060) 5.676 (5,384) 903 Transfer beeen funds Net movement in funds (11.060) 5.676 (5,384) 903 Reconciliation of funds Total funds brought fOard 35,769 24.174 59,943 59,040 Total funds carried forward 24,709 29,850 54,559 59,943 The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. A full comparative SOFA is available on the last page of the financial statements. 10
HEXHAM YOUTH INITIATIVE BALAWCE SHEET ASAT 31 MARCH 2024 2024 2023 Foxed assets Tangible assets i otsl fixed assets Current assets Debtors Cash at bank and in hand 12 13,429 44.562 9,235 54,370 Tolal Gurront assets 57.991 63,545 Liabiliti08 Creditors: amountsfalling due in less than one year 13 {3,432) (3.602) et current assets 54,559 59,943 Total assetsloss current liabilities 54,559 59,943 The funds of the charity: Restricted income funds Unrestricted income funds 14 15 29,850 24.709 24,174 35, 769 Total charity funds 54,559 59,943 These financial statements have been prepared in accordan with FRS 102 SORP. Approved by the Board of Trustees on 14th October 2024 and signed on its behalf by: Diane Harris, Chair Rosemary Theobalds, Vice Chair 11
oooJgn En¥*lope ID.. FF5CC8FM86939e64t365O8B3sFAEI HEXHAM YOUTH INITIATIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. Accounting policies The principal accounting policies adopted. judgements and key SoUrS of estimation uncertainty in the preparation of the financial statements are as follows. The accounting policies have been applied consistently throughout the period and in the preceding year. a. Basls of preparation The financial statemenls have been prepared in accordan with Accounting and Reporting by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. second edition - October 2019 (Charities SORP (FRS 102)) and UK Generally Accepted Accounting Practice. as well as the Charities Act 2011. Hexham Youth Initiative Constitutes a public benefit entity as defined by FRS 102. b. Preparation of the accounts on a going concern basis The financial statements have been prepared on a going cOnM basis which assumes that the charity will continue in operational existence for the foreseeable future. At the year end Hexham Youth Initiative had net current assets of £54,559 and although, at 1.0 months, operational costs, the charity's unrestricted free reserves did not satisfy the reserves policy, the charty's forecast shows that it will be able to continue as a going conrn for at least the next twelve months. As usual, the charity will require additional extemal funding if it is to continue over the longer tenn. The trustees remain optimistic that the charity will be able to raise sufficient funds to continue in operation for the foreseeable fvture. c. Judgments and estlmates The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period. d. Income All income is included in the statement of financial activities when the charity is entitled to the funds. any perf0rrnan conditions have been met, it is probable that the income will be reiVed and the amount can be measured reliably. The following specific policies are applied to particular categories of income: Income which is received by way of grants, donations and gifts to the charity is included in full in the Statement of Financial Activities upon reipl. Grants. where entitlement is not conditional on the delivery of a specific performance by 12
Envelope ID". FF5CC8F&5B6B493&B64C36S0883sFAEl HEXHAM YOUTH INITIATIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 {¢ontinued} the charity, are recognised when the chanty becomes unconditionally entitled to the grant. Bank interest and other investment income is included when receivable and the amount can be measured reliably by the charity; this is nomially upon notrfication of the interest paid or payable by the bank Income from charitable activities which is derived from contracts and service agreements is accounted for as the charity earns the right to consideration by its perforrnan. Volunteers- the value of any volunteer help received is not included in the accounts. but is described and acknowledged in the trustees, report. e. Fund accounting Unrestricted funds are incoming resources reiVed or generated for charitable purposes. They are available to spend at the dIScli0n of the trustees on activities that further any of the purposes of the charity. Restricted funds are grants or donations that the donor has specified can only be used for particular areas of the charity's work or for specific projects being undertaken by the charity. f. Expenditure and irrecoverable VAT Expenditure is recognised on an a¢¢nJal basis as a liability is incurred, because there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount ofthe obligation can be measured reliabty- Expenditure is classified under the following activty headings.. Charitable expenditure comprises those costs incurred by the charty in the delivery of its activities and seNices for its beneficiaries. It includes both the direct Costs and support costs relating to such activities. Govemance costs include those costs associated with meeting the conslitutional and statutory requirements of the charity and include accountancy and independent examination fees. Other expenditure represents those items not falling into any other heading. Expenditure includes irrecoverable VAT. g. Cash at bank and in hand Cash at bank and cash in hand comprise cash and call deposits. and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. 13
Docusign Envdope ID.. FF5cC8F&5B6g386dcD8B3sFAEl HEXHAM YOUTH INITIATIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued} h. Debtors 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. i. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their *ttlement amount after allowing for any trade discount due. J. Pensions The charity uses a qualfying defined contribution workplace pension scheme to meet its duties as an employer. The charity's contribution is restricted to the contributions disclosed in Note 8. There were no outstanding contributions at the year end. 2. Legal ststus of the charity The charity is a Charilable Incorporated Organisation registered with the Charity Commission for England and Wales under Charity Number 1166157 and governed by its constitution dated 21 March 2016. 3. Income from donations Unrestricted Restricted Total 2024 Total 2023 Donations 8,107 8,107 8,284 Total by fund 31 March 2024 8,107 8,107 Total by fund 31 March 2022 8.284 8,284 14
Oocuslgn Ers¥dope ID.. FF5cceF&586PA939-864tM6508835FAE1 HEXHAM YOUTH INITIATIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (contSnued) 4. Income from charitable activities Unrestricted Restricted Total 2024 Total 2023 Grants Ballinger Trust Belford Charitable Trust Community Foundation Garfield Weston Foundation Hexham Town Council Netherton Park Trust North of Tyne Combined Authority Northumberland County Council Northumbria Police and Crime Commissioner Rank Foundation TNL Community Fund UK Youth West Northumberland Foodbank Other small grants 10,000 16,000 13,288 30, 000 31.000 16,000 20.482 16,000 20,482 32.000 7.000 32,000 7,000 11.625 11.625 14,115 28,469 28,469 39.875 4.850 4,850 32,990 32,990 1.276 9, 964 14.000 4,000 14,000 4.000 550 550 500 Total grants 550 171.416 171,966 165,958 Fees and other income Educational income- Alternatsve curriculum fees 86.806 86.806 52,440 Project income Other income 13.356 3.514 13,356 3,514 12,558 3, 628 Total fees and other income 103,676 103.676 68, 656 Total by fund 31 March 2024 104.226 171.416 275,642 234,614 15
DowFAgn Envelope ID." FF5CC8F8-5B6B49364[365O8B3sFAEl 4. (continued) Income fmm charitable activities- previous reporting period Unrestricted Restricted Total 2023 Grants Ballinger Trust Belford Charitable Tnist Community Foundation Garfield Weston Foundation Hexham Town Council North of Tyne Combined Authority Northumbertand County Council Rank Foundation TNL Community Fund Other small grants 10,000 16,000 13,288 10,000 16,000 13,288 30.000 31,000 14,115 39,875 1,216 9,964 500 30,000 31,000 14,115 39,875 1.276 9, 964 Total grants 30,500 135,458 165,958 Fees and other Income Educational income- Altemative curriGulum fe8S Project income Other income 52,440 52,440 12,588 3, 628 12.588 3, 628 Total fees and otherincome 68, 656 68, 656 Total by fund 31 March 2023 99, 156 135,458 234,614 16
Doojsign EnvetOFe ID.. FFSCc8F&5B693w4E26SO8B3sFAEl HEXHAM YOUTH INITIATIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) 5. Investment income 2024 2023 Income from bank deposits 534 208 All of the charty's investment income arises from money held in interest bearing deposit accounts. All investrnent income is unrestricted. 6. Analysls of expenditure on charitsble actlvitles Total 2024 Total 2023 Staff costs Premises costs 201,722 9,437 4.360 73,498 157,983 8, 820 4, 753 69.997 Administrative costs Project costs Governance costs - Accountancy and independent examination 650 650 289,667 242,203 2024 2023 Restricted expenditure Unrestricted expenditure 165.740 123,927 124.484 117,719 289,667 242,203 17
Efivelope ID". FF5CC8F&5B6B493M64Lk365D8835FAEI HEXHAM YOUTH INITIATIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (contlnued) 7. Net Incomel(expenditure) for the year This is stated after chargingl{crediting) 2024 2023 Independent examiner's remuneration 650 650 8. Stsff costs staff costs during the year were as follows: Total 2024 Total 2023 Wages and salaries Social security costs Pension costs 194,435 4.354 2,933 152,180 3, 030 2.773 201,722 157,983 No employee had employee benefits in eXsS of £60,000 (2023: Nil). The average number of staff employed during the period was 17 (2023.'15). The average full time equivalent number of staff employed during the period was 6.3 (2023= 6.2). The key management personnel of the charty comprise the trustees and the Coordinator. The total remuneration of the key management personnel of the chartty was £36.954 {2023'. £33,543). 18
OootsigA En¥* ID.. FF5CC8F8693485D6B35FEl HEXHAM YOUTH INITIATIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) 9. Trustee remuneration and expenses, and related party transactions Neither the Management Committee nor any persons connected with them reiVed any remuneration or reimbursed expenses during the year (2023= Nil). None of the trustees received travel or subsistence expenses during the year (2023= Nil). Aggregate donations from trustees or related parties were £400 (2023: Nil). There were no donations from related parties outside the nomial course of business and no restricted donations from related parties. No trustees or other persons related to the charity had any personal interest in any contract or Iransaction entered into by the charty during the year. 10. Government grants The government grants recognised in the accounts were as foll0v. Total 2024 Total 2023 Hexham Town Council North of Tyne Combined Authorty Northumberland County Council Northumbria Police and Crime Commissioner 32,000 11,625 28,469 4,850 31,000 14,115 39,875 76,944 84. 990 There were no unfilled conditions and contingencies attached to these grants. 11. Corporation Tax The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charttable objects. No tax charges have arisen in the charity. 19
Dcojstgn En¥dope ID.. FF5cC8F8W939864O-3B5D883SFAE1 HEXHAM YOUTH INITIATIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) 12. Debtors Total 2024 Total 2023 Trade debtors 13.429 9, 235 13.429 9,235 13. Creditors: amounts falling due withln one year Total 2024 Total 2023 Trade creditors Other creditors and accruals Taxation and social security 1,346 650 1.436 1.788 2,414 3,432 3. 602 20
Docusign Enope10.. FFScC8F&5B6PA934t36SOeB3sFAEl HEXHAM YOUTH INITIATIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) 14. Analysis of movements in restricted funds At01 April 2023 At31 March 2024 Income Expenditure Transfers Ballinger Trust Belford Ch Trust Community Foundation Hexham Town Council Netherton Park Twst North ofTyne Combined Authority Northumberland County Council Northumbria Police & Crime Commissioner Rank Foundation 3.334 10,667 (3.334) {16.020) 16.000 10,647 20,482 (14,760) 5,722 32.000 7.000 (32,000) 7,000 3,530 11,625 (11,295) 3,860 28,469 {28,469) 4.850 (4.850) 32,990 (30,369) (6,643) (14,000) 2,621 TNL Comrnunty Fund UK Youth West Northumberland Foodbank 6.643 14,000 4.000 {4.000) Total 24.174 171.416 (165.740) 29,850 Name of restricted fund Ballinger Trust Betford Charttable Trust Description, nature and purposes of the fund Towards core costs Towards core costs Outdoor activrties. Cost of Living. Young Parents, group and crèche, Saturday dropin sessions Towards core costs Tuesday arKI Thursday dropin sessions Job Club and Young Parents. group Outreach sessions. young staff & volunteer training, Skate UK training Holiday Actrvities and Food programme IHAFI Communty Action plaments and training, Cost of Living. Aspire programme LGBTQ+ groups Cost of Living Holiday fTr)d Community Foundation Hexham Town Couneil Netherton Park Trust North of Tyne Combined Authority Northumbria Police and Crime Commissioner Northumberland CC Rank Foundation TNL Communty Fund UK Youth West Northumbedand Fo¢Jdbank 21
Down En¥elope ID." FFsCc8FBW939864tk36sO0835FAE1 Analysls of movements in restricted funds (continued) Prevlous reporting period At01 April 2022 At31 March 2Q23 Income Expenditure Transfers Ballinger Trust Belford Charitable Trust 10,000 (6,666) 3,334 12,000 16,000 (17,333) 10.667 Community Foundation Hexham Town Council North of Tyne Combined Authority Northumbertand County Council Rank Foundation TNL Community Fund 1. 000 13,288 (14.288) 200 31,000 (31,200) 14,115 (10,585) 3,530 39.875 (39,875) 1,216 (1,216) 9. 964 (3,321) 6. 643 Total 13,200 135,458 (124, 484) 24,174 22
DO$19n Envdopelo.. FF5CC8F&586939-864[36stj8B3SFAEl HEXHAM YOUTH INITIATIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024(continued) 15. Analysis of movement in unrestricted fvnds Current reporting period At01 April 2023 At31 March 2024 Income Expenditure Transfers General fund 35.769 112,867 (123.927) 24,709 35,769 112.867 {123.927) 24.709 PVIouS reporting period At01 Apnl 2022 At31 March 2023 Income Expenditure Transfe General fund 45,840 107,648 (117, 719) 35. 769 45,840 107,648 (117.719) 35, 769 Name of unrestricted fund Description. nature and purposes of the fund General fund The unrestricted reserves 23
Docusign Envelope10.. FF5cC8F&5B6B493G4tk3G5D8B3SFAEI HEXHAM YOUTH INITIATIVE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 (continued) 15 Prior year Statement of Financial Activities Unrestricted Restrict funds funds Total funds 2023 Income fmm.. Donations and gifts Grants reiVed Charitable activities 8, 284 30, 500 68,656 8, 284 165. 958 68,656 135,458 Investments 208 208 Total Income 107,648 135,458 243,106 Expenditure on." Charitable activities Govemance costs 117.069 650 124.484 241,553 650 Total expenditure 117.719 124,484 242,203 Net income/(expenditure) (10,071) 10,974 903 Transfer between funds Net movement in funds (10,071) 10.974 903 Reconciliation of funds Total funds brought forward 45,840 13,200 59, 040 Total funds carried forward 35.769 24,174 59,943 The statement of financial aGtivitigs inGludes all gains and losses recognised in the year. All incoming resourGes and resources expended dei7ve from continuing activities. 24