Charlty numbèr. 1168996 CORNER HOUSE @ NEwfowN UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
CORNER HOUSE MEwfowN CONTENTS Page Reference and admlnlstratlve dotalls of ¢hg Charlty, Its Trustses and advlsern Tru8tee8' report Independent examlnefs report Statement of financial activiti0¥ 10 Balance gheet 11 Not0¥ to tho finan¢lal $tstem¢nts 12-22
CORNER HOUSE NEwfowN REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, IT8 TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES Angela Henderson Brenda larby Stephen Joyce. Chalr Savrta Sathe Robert Bell Sarth Ja Paxton-Brown, Treasurer CHARITY REGISTERED NUMBER 1188 PRINCIPAL OFFICE NevAown Communlty Resource Centre Durhan Road Stockton On Tees TS19 ODE INDEPENDENT EXAMINER Heather O'Drtscc41 FCA Watons Business Athsers Limited Chartered Accountants Maritime House. HartK>ur Walk The Marina Hartlepool TS24 OUX Page 1
CORNER HOUSE NEwfowN TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees present thgir rewl the financial statements of the ¢harity for the year ended 31 March 2023. These financkql statements comply with the Charfties Act 2011 aTrJ the AGcoLmbng arKI Reportiro by Charitl&s.' Statement of Recommended Praclice {SORPI apF4icable to charities preparing thglr accounts in Accordance 4Mth ItrE Fin8n¢ial RepJrting Standard apble In the UK and Republi¢ of Ireland (FRS 1021 )effective January 20191. OWECTIVES AND ACTIVITIES • Pollcles and obl¢ctlv•s The Comor Hcus8 N8vrt(AYn aim5 to provide access to infomation. sp8ee, servlces for young people and r fwnilte$ are on the m8rglns of sodety lo personal or ec4)nomic 8ts1u8 In order to gain greater control. Its Objecte$ are: To 8Ct as a resource for young people up lo Ihe age of 29 Ilvlng in Stockton on Tees by prowding advlce and 8ssIStsr and organising programmes of Physi1, educational, 8nd other actiwlies as a rne$ of advan¢ir¥J in lrfe and helping young people by developing their skills, capacities and capabllMes to enabLg them lo participate in society as independent, mature arKI responsible indwwjuals. To pfowde recfealionJ and leisure lime actimlies in the intgrgsts of social welfare for people ling in Stock1on on Tges who havg n88d by reason of their youth, age. infirmty or disablllty, povety, or 8CrtAI and economic cirajmstances wilh a vlew lo Improving the conditions of lrfe of $lh person& 2) Actlvltl•s Activibe$ duriNJ the last months of operats'on as The Ccfner House range of progRmmes across Stockton on Tees: Nwrtown w8 have delivered a Natlonal Lottery- Grong Together Stockton parttrShip fundiThJ with The FNe Lamps Organisation. Ltitle Sprouts, CoTn8r House YoLrth Project and Cultivate Tees Valley. This is funded for 3 years, 4th January 2022 to 5th January 2025, lth The Five Lamps Organisaticffl 18 the lead partner and accourttable body for the grant. Thè aim of the project is lo bring pecfslg tCg8ther and Ilj str9 relationshps xross communilies by engagir with young people and their families. The Corner House Youth Project wll deliver the 'Youth Voice" element of the gr8rt emF4oying a Youth vol Co. Ordinator lo sel up Youth Voice Forums ¥there young Fwple wll Gome together to discuss local Issues and red5 for young pèople. Thère wll also training packag8s for ILral Ung people to raise aspirati¢)ns and provg Ilfe charKes. A programme of Youth Mentors and Youth Assistants wll be delivered who wll assist staff I supportiw tho wellbging of childron and young peode vtho attend our youth thrjrk sess13 xross th8 Targèted Youth Work Funding by Stockton on Tees Borough CounGil lo deliver Street Bas Work to 81st of youth workers that. through fomation of effective partnerships wilh tha police and youth supFort providers, hdp to prevent wung p@op becoming involved in crime or anti-social behawour. OPCC Fund- Targeted Detached Funding from the off of Police and Crlme CommisS)ner IOPCC) to deliver S¢1¢ Twgeted Detsch8d Work. This is fuTrJed foi 3 OrS, 1st April 2022 to 31 st March 2025. The aim of the project is to lackle antisocial behawour, prev9nl, reduce and tadEle serious VKslence and build confldence In the community. The Targeted Deta¢d work nSiSts of a street based team of youth workers to Kirk long term In specific areas of the Local Authority, current area of delNery is Stod(lon Town Centre. Page 2
CORNER HOUSE NEwfowN TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTItrTnES Icontlnu•d) Parkfleld Hall North Star Hou&ng commissioned us to fjr outreach sesslon every week at Pdrkfield Hall bbvrking vAth thelr resklents on a nee(1 led basis. OPCC- CURV Fundlng Funding from the Clevèland Unit for the Reduction of Violence ICURV) lo deliver violence reduction interventions. 6 month funding to deliver targeted youth outreach services acros$ the Newcown Ward of Slcckton on Tees to identify l engage vllh vulnerable young people aged &18 years. Predominantty street based youth work which engages young people vtho are at risk of exploilalion 8ndlor becoming invdved in antisocial behaviour or criminalty1vl8nce. Unlv•rs•l Youth Worl¢ Corner House Newtown and The Five Lamps are the accountable b¢xly for the desfrJn and del of Open Access Youth Provision In Stockton. This funding is lo support the dèlwery costs assoclaled the programme. This 1$ a partnership agyeement and other 0TganisalicS are subcontr8th(J lo ddiver in certain area8 where the provision 15 rded. Unlvèrnal Youth Work Comer Hous8 This is the Comer House Youth Pro11.$ element of delivery for YUS (UnNersal Youth Workl. Thls L8 to supwrt the delivery costs of Open Access Y¢wth Provk8ion delivered by Corner Hous8 Nevthm in specofied areas of need detemilned ty the Local Authority. We deliver 6 sessi¢)ns per week acro8S the Borough. Natlonal Lottgry- Yarm & NelOwn FundiThJ fc( 1 year to delwery Open Access Youth Provisi in the Yam and Ne Wards of Stocktcn on lees. Fortnightty prwsion tommendng November 2022. A8ylum & Mlgratlon Prewously this fundlng was lo support youth involvement and irU$l0n among the estsblishgd community and asylwn seeker, relugee. and migrant communities. Yolrth Work act[ty fr¢)m the Comer House ks supported regularty by Ict21 intelligence and analysis to ensure l activrtFes a delwered in Ilne th ward priorities and remains responsive lo the area of the greatest noed in exh ofthe $pecffied area$. Our Targ817 Programme 15 delivered through this fund 811¢)wrvJ a case Ickid of 7 young people comtAex reeds &¥ving 1..1 $upwt to the young person and thelr familiès. Ingleby Town CoLFncll Fundlng lo dellver Open Acces5 Youth Prow5 b¥3ed in The Rings Communty Hub, Ingleby Barwick. To provide suppcrt, guidance and gngaging a¢tivrbes for young pe¢Jple aged &19 years. These sesslons aim lo ral8e asplralions. incrnase access to opportunits'es and cre81e a safe environment for leamirg and developm&tt. Workforcè Dèvelopment (YUSI This project is lo develop 8 Centre of Excellence for accredited arbj npn4¢tredited youth Vvrk and to support the development and enhance the VCSE Youth Services in Stockton. W8 would expect this an to have a wde- reaching imp&1 vAth all prowders, partieJJlarly those fr(xn the VCSE Sector to xce88 tr&ning and development that they mlghl 1 have been able to access previousty. Ca¢atyst- Hollday EnrlGhment Project Holiday Activities Prcgramme to offer sessions during school holiday peric4Js aiming to meet the Dèpartment of Educ8tion stsndards IFrequency, Food, NLrrtional Education. Enriching Activf(ies and Physl¢g1 Actiwlie51. We provK1ed ath'vffjes induding outdoor dance classe5. horticulbjre arKI ccoking sessions. takeaway food provlslon and fo(xJ hamFers. Page 3
CORNER HOUSE NEwfowN TRUSTEES, REPORT {CONT114UED} FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AMD ACTnirriES {¢ontlnuedl OPCC- Klds Llke Us WorkirrfJ in Partnership wth Bamardo's. cUltle Tees Valley and Lads Lffte Us to delfver a pEk)I prol¥l that wlll engage parlicip8nts in a personal and therapeutic IcneY lo divert from antisocial behawourl serio wolenee aTrJ improve life chaft of participants. The project worked th a group of 6 young males vtho have weviou$ high levels of involvement in 8ntisc¢kg1 beh8viour and will delivery 1.1 Igroup Iwrk. face to face merrtoring and weekly 3upport 5eswon¥. OPCC- Communlty Safety Fund - Outdoor Clnema Evt Grant awarded lo host an outdoor Cinema Event. DiversK)nary actiMty October Half Temi. Brook Small Gr•nts Progrdmm• Grant awarded to deliver slTtKtured, supp(¥ted and emottonaily safe Sessions that offer activlues and opportunllles at our allotment al Adlngton Park. Tha airn of the PTOj•Ct is lo improve t mental and phy8ical health and Welln9 of young people, vknilst also k¥oviding them vilh leamiro, experiences and opporbjnities trAt Mll raise aspirations. Hospitsl of God Grant arded to delwer addibonal wovtsion of open access youth Ser¥eS auoss stx locations delivergd at limes of greatest need vknen divergonary seryice5 are rnost needed to keep young people safe and to event the spike in anti social behavtour. Tees Valley Communlty Foundatlon Grant awarded to deliver se88ions to help support young people with their mental and thcal health and wellbeing whilst kyoviding them wth new leamlng experlences and opportunitses which will help raise aspirations. Tèsco GrAnt- Billingham & Arlington Park Grants awarded to &lllngham Youth Club and Arfinglon Park Youth Club to delivery swrtslboxing sessions to a group of Yng people previously involved in liS0t1*[ bèhaviour. Prcgramme of 88ssion8 to support menlal health and wellbeing, fitness, Sla1 develcymenl and di$c?pline. Catatyst Reslllonce Fundlng- YMHFA Funding to deliver four, 2 day Youth Mental Health First Ald courses to IndividLHls who are either volunteers wort(in9 thildrenlyujng people. parenlslcarers supporbng a child ¥th of at risk of mentsl hgallh issues, BAME community members or those living in areas of economic depriVatic. Thè Propo outcome is that all learners wll acqulre thr 2 day YMHFA CerNficates which allows them to becryne a Youth Mentsl Health First Alder in their community. The truslges wnfimi that thoy have r8ferreil lo the Chgrity Commission's guidance on wblic benefft vthen revwirg the Chantys aim$ and objectives. Page 4
CORNER HOUSE NEwfowN TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AMD ACTivrriES (contlnu•dl ACHIEVEMEKfs AND PERFORMANCE • Maln a¢hlevem•nl8 of the Charlty Durirg the twelve morlhs of OperatiL April 2022- March 2023 a$ The Comer House Youth ProieLt, we have delivered 8 range of programmes and inillalives across Stockton Tees and as seen from the Project Actiwty. we continualty slrwe lo adhere and remaln f8Nhful to our Strategic Priorilie8 aim to.. Enable young pecye individuals to identify their own need$ and aspiratior Encourage young people arTrJ indiuiduals, curranlly on the fn'nges of society. to rtrengage and parlicipate posthvely in their communities.. Encourage and motivate young people Into education, Iraining, and empbyThgnt. Enswing that opportunities ar8 available for young people and famdies to takg a lea¢1 in the eontlnued developm1 of Ihe project ProvKle work in parlnership wlh other organisalims and agendes to prowde and gain access to Bddilimal 8ervlces In r8cognib.on that we canTr)l address all young people's wls, Th)r rt is 'healtt)I for the young people lo be divtr¢ed from mainslrean seThlces and activities. Page 5
CORNER HOUSE NEwfowN TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 FInalI1 r•vlew • Golng concern The Twstees consider that the Charity ha$ sufficient reserves lo covar any potential short[811 in the year, and therefore have 8 reascnable eXPeCtsti that the Chèrity h88 adequate resources to continue in OFerational 8xist8nce for the foreseeable fubjre. For this reason, they continue lo adopt the goiNd ¢oncem bas18 In preparlng the financial statements. • Reservos poII¢y At 31st March 2023, the total fvnds vffe £184,074 comprfslng unrestricted res8 of £153,fy)O includiny £71,845 cunmltted exFendilure and £81,1 S5 unMrnttted. The charity aims to build up cash reserves to ensure that there are Sufficient LTheslncted fund8 to cover a minlmun of three months operatiortss costs currentjy estimated to be £30K. Unrestri¢ted reserves are lo provide neSsary funds lo manage cash flow. emergencies and to provlde short-terni gap fundiro. Any use of reserves r8duce the reserves amount beltrN the thretrmorlh provision requires approval from the board d trustees. The Twstees WAII revlew this p)licy on an annual basls. • Overwlew The Finanoal Statements for the year ending 31 March 2023 show a deficit ol inCe over experKJlture of £1,753 {2022'. d&fiot of £68,893). Carrying forward unrestricted and r#)rI0MMItted general fuThJ balar85 ot £81.155 (2022.. £34,124) ha5 enabled Ihe Tnjstees lo continue the tharty's operations into the next financlal year in accordance vthh an agreed budJgt projecting a Small deficlt for the year. Granl fvnding and new sources of incc¥ne Mll be activeby Pursued throuyhoLrt the year in order lo eliminate this shortrall. STRUCTUR& GOVERNANCE AND MANAGEMENT Conltitution Corner House Neown is a regist1 charty. number 116899S, and is Const{rted under a Trust deed adopted on 12 J8naury 2016 and amended 4 August 2018. Methods of appolntment or electlon of Tru$tees The management of the Ch8rty Is the respon5bilty of the Trustees ar6 dected and ccpopted ijndgr th8 Iwms of the Tnjst deed. Page 8
CORNER HOUSE NEwfowN TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE. GOVERNAMCE AND hlANAGEMENT {contlnuedl • Flnanclal rlsk management The Trustees are satisfied that the Charity is in a positi lo continue a¢eordirKJ to flnandd budgets for the nexl fin8nclal year. Tt¥s is based on o rBk remew process vthich a180 iludeS other major rlsks to whth the Charity is 8xposed. Syst$ are in lo miligale those risks induding a Risk As5es5ment Policy, FinarKFal Regulations and rO$t monitoring system. These documents and pro$se$ are regularly reeWed by the fin8nce sub group and e b08rd of Trustees. Inlwnd risks are minimis&Y by the implementation of prccedures for aulhomsatlon of 811 transactlons of the prolect and lo en8ure consistent qualty of delivery of all r?tional aspects of the Charity PLANS FOR FUTURE PERIOD8 WNlst fundlng streams remaln eonsL8tent, our reputabon goes from strength to ¥trength the is alw8y6 ¢halleng8 in Securing fvndlng for long tsm woJect8. W& also look foN4ard to continuing our partnership work vthth provides the best possible offer to all young people we engage wrfh across Stockton on T8es. Page 7
CORNER HOUSE @ NEwfowN TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 PLANS FOR FLrruRE PERIODS l¢ontlnued) 8t•tsm•nt of Trustses. r•sponslbllltl•s The TrLBtees are respon&ble for preparing the Trustee8' rerort and the financial statements in attofdance yth opplicable law and United Accounting Standards (United langdom Generalty Accepted Accounb'ng Practice). The law applKable to th¥ritie5 in England & Wales requir85 the Trustees to prepare financial Statements f¢x each finarKial vthlch grve a true and fair view of the state of affairs of the Charity and of its iOmIng resources and application of resowces, in¢lutJing its incorno and expenditure, for that period. In prepanng these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently, observe the methc4Js and wnoples of the Charities SORP IFRS 102),. make judgments and accoLmling estimates that are reasonable and prudent.. state whether applic8 UK Accounting Standards IFRS 1021 have teen folkn¥ed. Subj1 to ony matèrkql departUTes disclosed arKI explained in the financial ststem8nts', prepare the finarual sements on the going concem basis unltss rt is inappropriate to presume that Ip Charty wÉll continue in business. The Trustees are respjnsible for keeping adequate accounling records that are Sufflent to sh¢)w and explan the Charttys translI0n$ and disdose wqth reasonable accuracy al any tim8 the financial positi of the Charity and enable them to ensurg that thg financial staternents comFJy Charittes Act 2011. the Charity IAcGounl$ and Reports) Regulations 2008 and th8 provi8ions of the Trust deed. They are also respon&bk for safeguarding Ihe assets of the Charity and hence for taklng reasonatle steps for the Prevenb'on and deleclichf of fraud and other rregularltoes. Approved by order of the members of the t*)ard of Trustees 8nd slgned on their behalf by.. Stephen Joyce {Chalr of Tru51eesl Dale.. 141111 Page 8
CORNER HOUSE NEwfowN INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 INDEPENDE EXAMINER'S REPORT TO THE TRUSTEES OF CORNER HOUSE {Ihe CharWI I rep)rt to the Charity Trustees on my examination of the a¢¢ourrts of the Charfty for the y ended 31 March 2023. RESPONS181LITIES AND BASIS OF REPORT As tha Trustee5 d the Charrty y)U are responsible for the weparalK)n of the a¢eourts In accordance bMth the reqLurements of the Charllles Ael 2011 Ilhe 2011 Acr). I rwort in respecl of my examination of the Charws accounts carrled out under soction 145 of the 2011 Act and In calr@ out my examination I have followed the applicable D1ctiOnS given by the Charity Commission under section 14515llb} of the 2011 Act. INDEPENDENT EXAMINER'S STATEMEirr Slnce the Charflls gross income exceeded £250,000 your examiner must be a member crf a W listed in section 145 of the 2011 Act. l confirm that l am qualrfied to undertake the examination because l am a member of the InstitLrte ol Chartefed Accountants England and Wales, which Is one of the listed bodies. I have (Mpleted my examination. I confirm that no matters have rne to my attenlicfi in CnneCtIOn with the èxamination giving me cause lo belkve that In any material respect.. accounting records weTr rK)I kepl in respect of the Charity as required by sectlon 130 of the 2011 Act.. or financial statements do not awd with Ih05e reoyNds.' or the financial statements do not complywlh the arplieable requlremenls concemlng the forn and content of financlal statement Set out In the Charibes IAccounts and Repeyts) Regulations 2008 other than any requirement that the financial slalement g6ve a'lrug and fairf vi8w lch is not a matter considered as part of an imlependent examination. I have no eoneerns and have come scr8 no other matters in ccnnection ¥Mth the examination to [ch attentron Should be drawn in this rewrt in order lo enable a proper understanding of the accounts to be reached. This repwt 15 made Y•olely lo the Charity's Trustees. as a bo¢ty, in accordance Part 4 of the Chsrilies (Accounts and Reports} Regulations 2008. My tIrk has been undertaken so that I might $late to the Charws Trustees those matters l am requir&J to stale lo them In an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not 8ccept or assum8 re8ponsitslty to anyone other than the Charity the Charitys Trustees 85 8 body, for my work or for this report. Slgned.. Dated.. 0310112024 HEATHER O'DRISCOLL FCA WALTONS BUSINESS ADVISERS LIMITED Chartered Accountants Maritime House, Harbour Walk The Marina Hartlep)ol TS24 OUX Pay9
CORNER HOUSE NEwfowN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 Unrestrfctod funds 2023 Restricted funds 2023 Total funds 2023 Total funds 2022 Note INCOME FROM: Donations and grants Charitsble aCvitieS Bank interest 47,916 239,353 318 55.617 5.739 103,633 246,092 318 36.168 271.591 702 TOTAL INCOME 287.587 61,356 308,461 EXPENDITURE ON: Charrtable activiti.es 301,861 48,835 350,696 3n.354 TOTAL EXPENDITURE 3D1.861 48,836 350,696 377.354 NET IEXPENDITUREIIINCOME Transfers tsetsn fLinds 114,2741 3.805 12,521 {3,8051 11,7531 {68,893) 11 NEf MOVEMENT IN FUNDS 110.4691 8,716 {1,753) (68.893) RECONCILIATION OF FUNDS: Totsl funds brought forward Net movement in funds 163,469 110,469) 22,368 8,716 185,827 11,7531 254,720 (68,893) TOTAL FUND8 CARRIED FORWARD 153.000 31,074 184.074 185,827 The Ststemenl of Finanrial ktivities indudes all gains and losses recognised in the year. The notes on pages 12 to 22 form part of these financial statements. Page 10
CORNER HOUSE NEwfowN BALANCE SHEEr AS AT 31 MARCH 2023 2023 2022 Note CURRENT ASSETS Deblors Cash 8t bank and in hand 4,216 195.011 4,098 195.588 199.226 199.686 Creditors: amounts falling due thIn one 115,152 (13,859) 10 TOTAL NET ASSErs 184,074 18&827 CHARITY FUNDS ReStrted funds UnrestrKled funds 31.074 153,000 22.358 163,469 TOTAL FUNDS 184,074 18&827 The financial statements *re approved and authorised for issue by Ihe Trustees and signed on thelr beh81f by. Stephen Joyce (Chair of Trust Date: 14112 The nol8s on page5 12 10 22 fom wt ofthe8e financial statements. Page11
CORNER HOUSE NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 GENERAL INFORMATION Cornv Hse Newt is ¥ Wister Charity and Ihe registered charity number 18 1168996. The Pr1r1pal place of busw5$ is: Newtown Ccfflmunity Resource Centre Durham Road stockton on Tees TS19 ODE ACCOUNTING POLICIES 2.1 8a818 of preparatlon of financlal 8tstoments The ffinancial statemerrts have been prepared in acccflknce wlh the Charrties SORP {FRS 102) - Accounting and Reporting by Chare3.. Stslement of Recommended Practice applicable lo eharilles preparing their •¢counts in aeeoréance vAlh the Flnandal Rem'rrfJ Standard applicable in the UK and RepU1C of Ireland IFRS 1021 (effeelive 1 January 2019}, the Financial Rep)rtlllg Stsndard applicable in the UK and RepublK of Ireland IFRS 102} and tr Charities Act 2011. Corner House @ Newtown meets the definition of a public benefit enlity under FRS 102. Assets and liabilthes are inttialty rec(gnised at historical cost or transadion value unless otherwlse slated In the relevant Secn11ng pollcy. 2.2 GolTrg ¢onceTn Thg Truslges, havirvJ made du8 and carefijl enquiry and weparing forecasts, are of the opinion that the Charty has adequate w(wking capital to execute rts operations over the next 12 months. The Trustees therefore, have made an informed judgement, at th8 lime of appron9 the finana81 81atsments. that there 18 reasonable expectation that the Charity has adequate iesources to confjnue in operational existence for the foreseeable future. As a resutt the Trustees have continued to adopt the going concem b8SL8 of accounting in prepariro th8 annual financial statements. 23 Income All income is recognised once the Charity has enltuemenl to the Income. it is probable that the income wll be received and the amount of income rèceivable can te measured rellabty. IrKcme Is (ferred only vhen the char has to fuffil conditions before beGoming entitled to where the donor SFecifies that it is lo be extendod in a futur8 Per. 2.4 Expendltu All expenditur& 1$ aexounled for on an accruals basls. Support costs hav8 boen allocated bets%een goVernCe costs and other support. Governance tttsls comprise all costs invc4ving public xcountsbllty of the Charity and its compliance with regulation and od pr8clice. Expenditure on charltable activibes is incwred on direclly undertaking the aLiwlies vthich further the Charitys ctjeL"ves. as well 98 any asso¢i8tad support costs. Pago 12
CORNER HOUSE NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES ICONTINUEDI 16 DobtorJ Debtors include amounts owed to the Charity for the provision of goods and seNlces or amounts the Charity has paid in advance for th& goods and servlces will receive. Debth are measured al Ihelr recoverable amount. 2.6 C•$h at bank and In hand Cash at bank and In harKI indude5 cash and 8hc41-term higNy liquid irweslments wth a Short maturity of Ihree months less from the date of acquisition opening of the deposit or simllar account. 2.7 Llabllltleg and provlslons Creditors irdude amojnts oVd by the Chadty for Ihg provigon of good$ and services lo the Charity. Liabilities arg regniSed ai the arnnt that the Charity antirypates rt wll pay to sdtle the det* ci the amount it has received as advaneed payments for the go¢)ds or serwces it must provide. 2.8 Flnanclal In8truments The Charrty only has financial assets and fina81 liabilrties of 8 kind that qU81fy as basic ffnèndal instruments. Basic financial instruments are initially recognlsed al traraction Val and subsequently measured 81 Ihdr setdemenl value. 19 Ponslons The Charity contriEyJlg8 to a definad contribution penslon scheme and the penslon tharge reprents the amwnts payable ty the Charity lo the fund In resFt of the year. 2.10 Fund •ccounting Gerkral funds are unrestricted funds Nthrch are availalje for use at the discretion of the Trustges In rtherance of the general ofy'trtive8 of the Chlty and vknich hav8 not been de8lgnated for other purpose5. Designate(I funds compris8 unresth'cted funds that have been set aside by the Trustees for partul81 purkK•8e8. The aim use of each designated fund Is 8el oul in the notes to the flnancml statements. Restrithd funds are funds which are to be used in accordance with Specif restrictions imposed by donors or vknich have been raised by the Charity for particular purposes. The aim and use of each resML#ed fund18 8et (xrt in the notes lo the finandal statements. Page 13
CORNER HOUSE NEWTOWN NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2023 INCOME FROM DONATIONS AND GRANTS Unrestrlcled Restrkted funds funds 2023 2023 Total nds 2023 Tot* fvnds 2022 ContrItionS Grants 5,010 42,908 5,010 98.823 1,566 34,602 65,617 47.916 56.617 103,533 36.168 Total 2022 11,566 24,602 36.168 INCOME FROM CHARITABLE ACTIVITIES UDfe51rktod Restricted funds fvnds 2023 2023 Total funds 2023 Tol81 funds 2022 Rent 83.602 22.690 53.921 69.389 1,400 1,826 6,525 83,602 22,690 59,660 09,389 1,400 1,826 6,525 78,432 12,717 37,170 127. 133 10,659 Room hife ommunty Safety Youth Direction Project Income Arlington Park NHS Frndation Tru$l 5.739 5.481 239,353 5,739 245.092 2T1,591 Tofal 2022 26Q,933 tO,658 271.591 Page 14
CORNER HOUSE NEwfowN NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 31 MARCH 2023 ANALYSIS OF EXPENDITURE BY ACTMTIES Actlvltles undertaken dlrectty 2023 Svpport costs 2023 Total fund8 2023 Tolal 2022 Unrestricted Restricted 143AOO 48.835 158.411 301,861 48,835 355,560 21, 794 192,285 158,411 350,696 377.354 Tolal 2022 179,355 197,999 377,354 ANALYSIS OF DIRECT C08TS Total funds 2023 Tot81 funds 2022 un#trICted Restrfcted 2023 2023 Staff costs Activrty CÉJsts I resoLwces External Providers 118.659 3,099 16,561 36.653 11,582 155,212 14.681 16.561 107,449 10,420 55.819 HO$talty15Undry expenses Legal and Profrssional fees I subscriptions Travel and training Venue Hire 2,640 1.880 711 2.640 2A80 711 1.876 1. 161 143,450 48,835 192,28S 179.355 Tot812022 157,561 21,794 179,355 Page 15
CORNER HOUSE NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ANALYSIS OF EXPENOITURE BY ACTIVITIES (CONTINUED ANALYSIS OF SUPPORT COSTS Totsl fun(ts 2023 Tolal Unrestrictod 2023 2022 Staff costs Arlington Park Cloaming Publiaty and markeling Electric Gas Water 80,335 5,146 1,318 37 21,624 27.640 6.127 80.33S 5,146 1,318 37 128,453 4,657 1,057 1,045 14, T80 14,598 5,701 21,624 27,640 6.127 ¥ iii Hospitalitylsundry expen$e$ IuranC 746 2,076 307 1,743 2,992 1,628 1,649 1, 769 9,013 2,236 2.076 307 1,743 2,992 1.528 1334 Legal and Professional fee5 1 subscriptions Maintenance Office costs Iprinting, wuip¥nent etc} Securty Ststioneryi postage Telephonel internet Travel and lialning IndeFendent Examlnallcn 1.597 2.220 1.119 2, 186 139 1,236 2.240 260 1AOO 260 1.400 168,411 168.411 197.999 Tota12022 197.999 197,999 GOVERNANCE COSTS Unrestrkted funds 2023 Totsl funds 2023 Total fvnds 2022 lThJependent examinatic 1,236 Page 16
CORNER HOUSE KEwfowN NOTES TO THE FINANGIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 STAFF COSTS 2023 2022 Wages and salaries Socral securty cost$ ¢tribUtIon to deffined contributicn pensw)n $¢heme$ 221.067 9.741 4.739 222,846 9,656 235,547 235,902 Thè avèragè numbèr of Fersons employed by ts Charity duriNJ the yaar w88 as follovnJ'. 2023 2022 No. Core actiwties Charitable advtbe8 18 21 29 No èmployee reIved remuneralit)n amoLfftting to more than £60,000 in either ar. Total remurnraiion pald to key management personr*l was £87,359 {2022'. £88,680). TRUSTEES. REMUNERATIOM AND EXPENSES During the year. no Trustses received any MUneraln or ¢4h¢r benefits (2022- £NILJ. During the year ended 31 March 2023. M Trustee exFenses have been incuffed (2022- £NIU. DEBTORS 2023 2022 Prepayments and amed inwn 4,218 4.098 4.215 4,098 Page 17
CORNER HOUSE NEwfowN NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 MARCH 2023 10. CREDITORS: AMOUMT8 FALLING DUEWITHIM ONE YEAR 2023 2022 Accfual$ and deferred Irtome 16,162 13,859 Page 18
CORNER HOUSE NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balance at 31 March 2023 Balance at 1 Aprfl 2022 Trnnsfgrs Inlou¢ Income Expfjndlluro Unrnstrkted funds De8lgnatsd funds Targeted Youth Work Parkf¢ld Hall Universal Y¢)Jth Work Universal Youth Work Comer House N0v Altemative Youth Work A$uM and Migrallon Workforce Development PCC Targeted Fund PCC Fund- CURV Natiorbal Lottery- Yam & Newt¢)wn lTrJleby Town CCn(lI 602 1255 4.406 12.273) 13321 (19,8801 {6.7351 (1,9231 130,1201 18,661 62.947 8.4S2 32.428 (20,961} (24.4041 13.1861 127.9371 135.2A61 16.980) 19,840 1422) 11.000} {19,941} 13,8601 (1.81)Dl 17,640 38,121 266 16.460 40.866 13.066 1.770 6.276 9,706 1,400 {4,231 {1,2201 {6331 11501 4842 129,346 134883 1141649) 146,734) 71.845 Gonernl funds Core 34,124 162,704 {16&2111 62,638 81,155 Totsl Unr•StrIo funds 163,469 287,587 (303,860) 153.000 R•Str1¢t funds Small grants National Lottery- Grwrffj together 4910 22,441 <3.8051 8.392 17448 38,915 133,6811 22,682 22,368 61.366 {48.836) (3.8051 31.074 Total of funds 185.827 13516961 1.999 184,074 Page 19
CORNER HOUSE NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS - PRIOR YEAR Balance al 31M8 2022 8818nce 81 1 Aprtl 2021 Tr8nsfer8 Income ExKenthfure Unrestricted funds O•signat•d funds Targeted Youth Work Police and Crime Cornmissioner Fund- Diver8KJnary Parkfield Hall Universal Yculh Work Universal Ywth Work Com House Ne¥rtown Alternale Youth Work Asylum and Mlgralion Workforce Development 3,876 26,342 (14,616J (ii,coo) 4,602 6,117 6,266 3T,170 (31.366) (3,111) (34.387) (11,921) (900) (50.413) 2.2&5 75.C4YJ 17,064 75. 794 17,264 24,498 (34.543) (16,464) f6,812) (16,341) 36.140 2,921 (2.OQO) f2,5GQ) 18.661 62,947 8,452 32,428 696 26,771 160, 679 165,979 ft57,640) (39,673) 129.345 General funds Core 83,064 107.222 (197,920J 41,758 34, 124 Total UnreBtrictsd funds 243. 743 273,201 (354560) 163,469 Rostrktgd funds Small grants st James Place National Lottery- Growrv loJether 3,985 6.992 16.061 (13.801) (6.242) (1.335) {750) 4.910 19. 199 (1, 751) 17.448 10.977 35,260 (21. 794) (2.085) 22,358 Total of lunds 254, 720 308,461 (377,354) 185,827 Page20
CORNER HOUSE NEwfowN NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 MARCH 2023 11. STATEMENT OF FUNDS (CONTINUED) Re8trfcted fund$ National Lott•ry Growlng Togeth•r P8rtnership lunding The Five Lamps Org8nisation, Little Sprouts, Comer Hous8 Youth Proj8Ct and Cuttivale Tees Val. This 15 funded for 3 years, 4th January 2022 to &h Jwwary 2025, wtth The Flve Lamps Org&)i$ation as the lead partnèr and accountable body for the grart. The aim of the project is lo bring people together build strong relatiCn8hlps acrc6s communMes ty engaging with young peoFAe and Ihelr famlltes. The Corner Hse Y¢JJth Proje¢t wll deliver the Youth Voice" ekment of grant empbwng a Youth Voice Co-ord1nafr to set up Youth Voicg Forum$ vthere young poopb will me together to discuss I1 Issues and reds for young people. There wll also be training packages for local youro people lo raise asyrations aTrJ improve life chances. A programme of Youth Mentors Youth Assistants will be delivered 111 as81St stsff in supporting the wBllbelng of children a1 young people who attend our youth work seSSnS across Ihe borough. Small grants This fund rdates to income received lo fund aclivilies. Five sman grants are carried forward to 2023124.. Chris Cave.. £299.71 help wlh food provision on detached sesslcnsl Te5co Grant &'llingham.' £1,125 (fo support young people wth thelr mental and phyJcal health delivering sports sesslonsl Hospltal of God.. £1254.41 (To deliver additional provision of open a¢¢e$s youth serv7¢esl Brook Small Granl$'. £524.41 ITO delNer structured, support&J and emotionally safe sessions at our allotment in Arfington Parkl Tesco Grant Arllngton Park.. £1,01) (To support young people wlh their mentsl and phyEical health delivering Sports sessions) Catalyst Youth Mental Health First Ad.. £4,188 (fo delwer Youth Mentsl Health First Aid cour8e8 10 individua15 who are either volunteers wort(Ing wrth CN1dr l young Pe. parents I carers supporting a chikl wlh or at ri8k of mentsl health issues) Page 21
CORNER HOLISE NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 1Z ANALYSIS OF NET ASSETS BEfwEEN FUNDS ANALYSIS OF NET PSSETS BEfwEEN FUMDS- CURRENT YEAR Unrwtrlct•d Rostrkted fund8 fund8 2023 2023 Total funds 2023 Current assets Creditors due within cre year 168,152 (16.162) 31,074 199,226 116.1621 Totsl 153,000 31,074 184,074 ANALYSIS OF NET ASSEfs BETWEEN FUNDS- PRIOR YEAR unS1cd Resttsd funds funds 2022 2022 Tolal funds 2022 Current assets Creditor$ due wrthin yoar 177,328 (13,859) 22,358 199,686 (13,859) Total 163,469 22,358 185,827 13. RELATED PARTY TRANSACTIONS Durlro the reporting pèriod ttre Vre no related paty transactions. Page 22