Charity number: 1168996 CORNER HOUSE @ NEWTOWN UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CORNER HOUSE @ NEwfowN CONTENTS Page Referonce and admlnlstrative detalls ot the Charity, Its Trustees and advisers Trustees. report Independent examlner's report Statement of financial activltles Balance sheet 10 Notes to the ftnancial statements
CORNER HOUSE @ NEwfowN REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Angela Henderson Brenda Kirby Stephen Joyce, Chair Savita Sathe {reslgned l June 2023) Robert Bell Sarah Jayne Paxton-Brown, Treasurer CHARITY REGISTERED NUMBER 1168996 PRINCIPAL OFFICE Newtown Community Resource Centre Durham Road Stockton On Tees TS19 ODE INDEPENDENT EXAMINER Heather O'Driscoll FCA Waltons Business Advisers Limited Chartered Accountants Maritime House. Harbour W81k The Marina Hartlepool TS24 OUX Page 1
CORNER HOUSE NEwfowN TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their report with the financial statements of the charity for the year ended 31 March 2024. These financial statements comply with the Charities Act 2011 and the Accountlng and Reporttng by Chaiilies: Statement of Recommended Practice {SORP) applicable to charities preparing their accounts in ac¢ordants with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) effective January 2019. OBJECTIVES AND ACTIVITIES • Policies and obJectlv8S The Corner House @ Nevknwn aims to provide access lo informalion. spa. services for young people and their families who are on the margins of Society due to personal or economic status in order to gain grealer control. Its objecbves are.. 1} To act as a resource for young people up to the age of 29 living in Stockton on Tees by providing advice and assistance and organising programmes of physical, educational, and olher activities as a means of advancing in lrfe and helping young people by developing Iheir skills, capacities and capabilrties to enable them to participate in society as independent. mature and responsible individuals. To provide recreational and leisure time actimties in the interests of social welfare for people living in Stockton on Tees who have need by reason of their youth, age, Infimity or disability. poverty, or social and economic circumslances with a view to improving the conditions of life of such persons. 2) During the last le1ve months of operation as The Corner House @ Newtown we have delivered a rangé of programmes across Stockton on Tees: Natlonal Lottery- Growlng Together Stockton Partnership funding with The Five Lamps Organisation. Little SFYOUts, Corner House Youth Project and Cultivate Tees Valley. Thts is funded for 3 years, 4th January 2022 to 5th January 2025. with The Five Lamps 0rg8n1sati as the lead partner and accountsble body for the grant. The alm of the project is to bring people together and buikl strong rdationships across communities by engaging with young people and their families. The Corner House Youth Project will deliver the 'Youth Voice. element of the grant employing a Youth Voice Co- Ordinator to set up Youth Voice Forums where young people wll come together to discuss local issues and needs for young people. There will also be training packages for local young people to raise aspirations and improve lrfe chances. A programme of Youth Mentors and Youlh Assistant5 will be delivered who will assist staff in supporting the wellbeing of children and young people who attend our youth work sessions across the borough. Seen. Heard, Belleved Secondment of a member of our sessional staff to Seen, Hèard, Believed to work as a Family Practitloner Commencing September 2023 for a period of 12 months. OPCC Fund - Targeted Detached Funding from the Office of Police and Crime Commissioner (OPCC) to deliver specific Targeted Detached Work. This is funded for 3 years, 1st April 2022 to 31st March 2025. The aim of Ihe projeci is to tsckle antisoctal behaviour, prevent, re(lu¢e and taGkle serious vlenCe and build confidence in the communty. The Targeted Detached work consists of a street based team of youth workers to work long term In specific areas of the Local Authority,current area of delivery is Stod(ton Town Centre. Page 2
CORNER HOUSE NEwfowN TRUSTEES. REPORT (CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Icontlnued) Cleveland Fire Brlgade Aon Reduction Small Grants- TS18 Street Dance & TS18 Youth Festival Funding feceived lo deliver a Street Dance Project at The Arc. Stockton Ihal will re8Gh your people who live or socialise in the TS18 postcode area. This fvnding relates specifically to slaff offering weekly pre-engagement support to young people. Further funding received to deliver a Youth Festival at our Adington Park Site. The aim of this event was around community building amongst the young people who maybe miss OLrt on feeling part of any other community, be it school, religion, youth club, friendship etc. OPCC- CURV Funding Funding from the Cleveland Unit for the Reduction of Violence (CURV) to deliver violence reduction interventions. DelNery of targeted youth outreach serviGes across the Newtown VV8rd of Stockton on Tees to identify l engage wth vulnerable young peOe aged 5-18 years. Predominantly stieel based yOLrth work which engages young people who are at risk of exploitation andjor becoming involved in antisocial behawour or riminalityfviolence. Unlversal Youth WO Corner House @ Newtown This is to support the delivery costs of Open Access Youth Provision delivered by Corner House @ Newtown in specified area5 of need. Youth In¥estment Fund Revenue Grant to support an application lo the first Phase of Ihe Youth Investment Fund Modern Methods of Construction (MMC) for our Arlington Park Sile. National Lottery - Yarni & Newtown Funding for l year to delivery Open Access Youth Provision in the Yarm and NeOwn Wards of Stockton on tees. Fortnightly provision commenced November 2022 and ended October 2023. Asylum & Migration Previously this funding was to support youth involvement and inclusion among the established community and asylum seeker, refugee, and migrant Communities. Youth Work aclivity from the Corner House is supported regularly by local intelligence and anatysis lo ensure that activities are delivered in line with ward priorities and remains rèsponsive to the area of the greatest need in each of the specified areas. Ingleby Town Coun¢ll Funding to deliver Open A¢¢ess Youth Provision based in The Rings Community Hub, Ingleby Barwick. To provide support, guidance and engaging activities for young people aged 8-19 years. These sessions aim to raise aspirations, increase access to opportunities and create a safe environment for learning and development. PCC CURV Funding- Publlc Space Safety Fundlng to deliver bNo detached sèssions per week in the Mandale & Victoria Ward of Thornaby, Stockton on Tees. The session's elms are to undersland local issues, build trusting relationships, Taise asplrations and increase access to opportunities. PCC Fund- Autumn A¢llvlties To engage a group of young people from locations we are currently delivering {Ropner Ward, Newtown, Yarm, Ingleby Bamck) in order to provide 'off-site" activities over the Autumn period. PCC CURV Fundlng- Music Pmject Small granl to deliver several pieces of working including music sessions. open ac¢ess youth café events, Celebralion Event and weekly sess¢ons with Bamardo's explortation specialist providing trauma informed youth voice work. Page 3
CORNER HOUSE @ NEwfowN TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES (continued) Catalyst- Youth Engagement Two year contract to undertake a piece of work that will enable Hartlepool & Stockton on Tees Safeguarding Children Partnership {HSSCP) to capture, hear and act upon the view5 of children and young people. Corner House Youth Project will co-ordinate and facilitate all of the engagement aclivity and will create appropriate reporting mechanisrns ensuring that the young people's views are heard and discussed. Catalyst- Hollday Enrichment Project Holiday Activities Programme to offer sessions during school holiday periods aiming to meet the Department of Education standards (Frequency, Food, Nutritional Education, Enriching Activibes and Physical Activities). Brook Small Grants Programme Grant awarded to deliver slructured, supported and emotionally safe sessions that offer adivities and opportunities at our allotment at Arlington Park. The aim of the project is to improve the mental and physica health and wellbeing of young people, whilst also providing them with leaming, experiences and opportunrties that will raise aspirations. Hospitsl of God Grant awardèd to deliver additional provision of open access youth servi¢es across six locations delivered at times of greatest need and when diversionary serVIS are most needed to keep young people safe and to prevent the spike in anti social behaviDUr. Tes¢0 Grant- Billingham & Arlington Park Grant5 awarded lo Billingham Youth Club and Arlington Park Youth Club to delivery sportslboxing sessions to a group of young people previously involved in antisocial behaviour. Programme of sesSiS to support mental health and wellbeing, fitness, soctal development and dlscipline. Catalyst ResllTen¢e Funding - YMHFA Funding to deliver four, 2 day YoLrth Mental Health Flrst Aid courses lo individuals who are either volunleefs working wth childrenlycxjng people, parentslcarers supportlng a child with or at risk of mental health Issues, BAME community members or those living in areas of economic deprivation. The Trustees confirm that they have referred to the Charity Commission's guidance on public benefil when reviewing the Charitls aim and objectives. Page 4
CORNER HOUSE @ NEVoWN TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE • Maln achievements of the ChaTIty During the twelve months of operation April 2023- March 2024 as The Corner House Youth Project, we have delivered a range of programmes and initiatives across Stockton on Tees and as seen from the Project Activity, we continually strive to adhere and remain failhful to our Strategic Prioritie5 which aim to.. Enable young people and individuals to identify their own needs and aspirations Encourage young people and individuals, currenuy on the fringes of society, to re-engage and participate positively in their communities-, Encourage and motivate young people inlo education. training, and employment. Ensuring that opportunities are available for young people and families to take a lead in the Continued development of the projed Provide work in partnership wth other organisations and agencies to provide and gain access to addttional services in recognition that we cannot address all young people's needs, nor it is 'healthy' for the young people to be divorced from mainstream ServIS and activities. Financlal review Golng concern The Trustees consider that the Charity has sufficient reserves to cover any potential shortFall in the year. and therefore have a rÈa50nable expectation that the Charity has adequate resources to conlinue in operational existence for the foreseeable future. For this reason. they continue to adopt the going concem basis in preparing the financial statements. • Reserves pollcy At 31st March 2024, the total funds were £164.008 comprising unrestricted reserves of £140,907 including £44,276 committed expenditure and £96,631 uncommitted. The charity aims to build up cash reserves to ensure that there are sufficient unrestTi¢ted funds to cover a minimum of three months operations costs currently estimated to be £30K. Unrestricted reserves are to provide the necessary funds lo manage ¢ash flow. cover emergencies and to provide shork-term gap funding. Any use of reserves which reduce the reserves amount below the three-month provision requires approval from the board of trustees. The Trustees wll review this policy on an annual basis. • Overview The Finan¢ial Statements for the year ending 31 March 2024 show a deficit of income over expenditure of £20.066 (2023. deficit of £1,753). Carrying foThvard unrestricted and non-committed general fund balances of £96,631 12023= £81.155) has enabled the Trustees to continue the charity's operations into the next financial year in accordance with an agreed budgel projecting a small deficit for the year. Grant funding and new sources of income will be actively pursued Ihroughout the year in order to eliminate Ihis shortfall. Page 5
CORNER HOUSE NEwfowN TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Constitutlon Corner House @ Newtown is a registered charity, number 1168996, and is constituted under a Trust deed adopted on 12 Janaury 2016 and amended 4 August 2016. Methods of appolntment or electlon of Trustees The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. • Financial risk management The Trustees are satisfied that the Charty is in a posilion to continue according lo financial budgets for Ihe next financial year. This is based on a risk review process which also include5 Other major risks to which the Charity is exposed. Systems are in place to mitigate those risks including a Risk Asse55ment Policy, Financial Regulations and a robLtSt monitoring system. These documents and processes are regularly reviewed by the finance sub grotjp and the board of Trustees. Internal risks are minimised by Ihe implementation of protedures for authorisation of all transactions of the project and to ensure consistent quality of delivery of all opefational aspects of the Charity PLANS FOR FUTURE PERIODS Whilst funding streams remain consislenl, and our reputation goes from strength to strength there is always a cha15enge in securing funding for long term projecls. We also look forward to continuing our partnership work which provides the best POS5ible offw to all young people we engage witt) across Stockton on Tees. Page 6
CORNER HOUSE @ NEwfowN TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Statement of Trnstees, responslbilities The Trustees are responsible for preparing the Trustees, report and the financial statements In accordance wth applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the TTUStees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of ils incoming resources and application of resources, fftcluding its income and expenditure. for that period. In preparing these financial statements, the Trustees are required to= select suitable accounting poli¢ies and then apply them consistently.. observe the methods and principles of the Charities SORP {FRS 102): make judgrnents and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102} have been followed, subject to any material departLires disclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless st is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and èxp5ain the Charitys transactions and disclose with reasonable acGuracy at any time the financial position of the Charity and enable them to ensure that the financial ststements comply with the Charities Act 2011, the Charity {Accounts and Reports) Regulations 2008 and the provisions of the Trust deeis. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevenlion and deteclion of fraud and other irregulaiities. Approved by order of the members of the board of Trustees and signed on their behalf by.. stephen Joyce (Chair of Trustees) Date: I Page 7
CORNER HOUSE @ NEWTOWN INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CORNER HOUSE @ NEWTOWN {'the Charity) I report to the Charity Truslees on my examination of the financial statements of the Charity for the year ended 31 March 2024. RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the Charty you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111'the 2011 Act')- I report in respect of my examination of the CharItS financial statements carried out under section 145 of the 2011 Act and in carrwng out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT Since the Charivs gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of Ihe 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants England and Wales, 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: accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or the financial statements do not accord with those records-, or the financial statements do not comply with the applicable requirements concerning the form and content of financial statement set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statement give a 'truè and fair, view which is not a matter considered as part of an indepandent 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. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken $0 that I might state lo the Charity's Trustees those matters l am required to state to Ihem in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than the Charity and the Charitys Trustees as a body. for my work or for this report. Signed: Dated: 2 December 2024 HEATHER O'DRISCOLL FCA WALTONS BUSINESS ADVISERS LIMITED Chartered Accountants Maritime House, Harbour Walk The Marina Hartlepool TS24 OUX Page 8
CORNER HOUSE @ NEwfowN STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total lunds 2023 Note INCOME FROM: DIatIonS and grants Charitable activities Bank interest 94,753 207,086 543 42,929 14,197 137,682 221,283 103.533 245,092 318 TOTAL INCOME 302,382 57,126 359,508 348.943 EXPENDITURE ON: Charitable adivities 319,953 59,621 379,574 350,696 TOTAL EXPENDITURE 319,953 59,621 379,574 350,696 NET EXPENDITURE Transfers beiween funds (17,5711 5,478 (2,49S} {5,4781 120,Q66} (1, 753) 11 NET MOVEMENT IN FUNDS 112,0931 {7,973> 20,066) (1, 753) RECONCILIATION OF FUNDS: Total funds brought forward Net movement in funds 153,000 112,0931 31,074 17,973} 184,074 (20,066) 185,827 (1, 7&8) TOTAL FUNDS CARRIED FORWARD 140,907 23.401 164.008 184.074 The Statement of Financial Activities include5 all gains and losses recognised in the year. The notes on pages 11 to 21 form part of these financial statements. Page 9
CORNER HOUSE NEwfowN BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note CURRENT ASSETS Debtors Cash at bank and in hand 7,237 168,220 4.215 195,011 175,457 199.226 Creditors.. amounts falling due Trmthin one year (11,449) (15, 152) 10 TOTAL NET ASSETS 164.008 184,074 CHARITY FUNDS Restricted fund5 Unrestricted funds 23,101 140.907 31.074 153,000 TOTAL FUNDS 164.008 184,074 Thè financial statements were approved and authorised for issue by the Trustees end slgned on their behalf by.. Stephen Joyce (Chair of Trustees) The notes on pages 11 to 21 fomi part of these finanrial statements. Page 10
CORNER HOUSE @ NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION Corner House @ Newlown is a registered Charrty and the registered charity number is 1168996. The principal place of business is. Newtown Community Resource Centre Durham Road Stockton on Tees TS19 ODE ACCOUNTING POLICIES 2.1 Basis of preparatlon of finantlal statements The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 Accounting and Reporting by Charities.. Statement of Recommended PraGil applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191, the Financial Reporting Standard applitsble in the UK and Republic of Ireland (FRS 1021 and the Charities Act 2011. Coiner House @ Newtown meet5 the definition of a public benefit entity under FRS 102. Assets and liabiltties are inits'ally recognised al historical cost or transaction value unless otherwtse stated in the relevant accounting policy. 2.2 Going concern The Trustees. having made due and careful enquiry and preparing forecasts. are of the opinion that the Charity has adequate working capital lo execute its operations over the next 12 months. The Truslees therefofe, have made an informed judgement, at the time of approving the financial statements, that there is reasonable expectstion that the Charity has adequate r¢source5 to conlinue in operational existence for the foreseeable future. As a result the Trustees havè conlinued to adopt the going concern basis of a¢counting in preparing the annual financial statements. 2.3 Income All income is recognised On the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income 15 deferred only when the Charity has to fulfil conditions before becoming entitled to rt or where the donor 5pe¢ffies that it is to be extended in a future period. 2.4 Expenditure All expendiknre is aG¢ounted for on an accruals basis. Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving publi¢ accountabillty of Ihe Charily and ils compliance wlh regulation and good practice. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Page11
CORNER HOUSE @ NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 MARCH 2024 ACCOUNTING POLICIES (CONTINUEDI 2.5 Debtors Debtofs include amounts owed to the Charity for the provision of goods and services or amounts the Charity has paid in advance for the goods and services it will receive. Debtors are measured at their recoverable amount. 2.6 Cash at bank and in hand Cash al bank and in hand includes cash and short-term highly liquid inveslmenls with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.7 Liabllltles and provlslons Creditors include amounts owed by the Charity for the provision of goods and services to the Chanty. Liabilities are rec¢gnised at the amount that the Charity anticipates it Viill pay to settle the debt or the amount it has received as advCed payments for the goods or services it musl wovide. 2.8 Flnancial instruments The Charity only has financial assets and financial lbIlItIeS of a kind that qualfy as basic financial inslruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. 2.9 Pensions The Charity contributes to a defined Contribution pension scheme and the pension charge represents the amounts payable by Ihe Ch8rty to the fund in respect of the year. 2.10 Fund accounting General fijnds are unrestrictèd funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and thich have not been designated for other purposes. Designaled funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the rK)tes to the financial slatements. Restricted funds are funds which are to be used in accordance wth spe¢rfic restrictions imposed by donors or which have been raised by the Charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements. Page 12
CORNER HOUSE @ NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM DONATIONS AND GRANTS Unrestrkted Restricted funds funds 2024 2024 Totsl funds 2024 Total funds 2023 Contributions Grants 4,693 90,060 4,693 132,989 5,010 98,523 42,929 94.753 42,929 137,682 103,533 Total 2023 47,916 54617 103.533 INCOME FROM CHARITABLE ACTIVITIES Unrestrlcted Restricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Rent Room hire Comrnunity sety Youth Direction Proied Income Arlington Park NHS Foundation Trust 93,830 23,589 50,425 17.804 11,838 1,800 7,800 93,830 23,589 62,822 17,804 13,638 1,800 7,800 83, 602 22, 690 59, 660 69,389 1.400 1,826 6,525 12,397 1,800 207,086 14.197 221,283 245,092 Total 2023 239.353 5, 739 245,092 Page 13
CORNER HOUSE @ NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF EXPENDITURE B Y ACTIVITIES Actlvltles undertaken dlrectly 2024 Support ¢osts 2024 Totsl funds 2024 Total funds 2023 Unrestricted Restricled 125,063 59,621 194.890 319,953 59,621 301,861 48,835 184,684 194,890 379,574 350,696 Total 2023 192,285 158,411 350.696 ANALYSIS OF DIRECT COSTS Totsi funds 2024 Total funds 2023 Unrostrlcted Reslricted 2024 2024 Staff costs Activity costs I res¢Lrces External Providers Legal and Professional fees I subscriptions Travel and Iraning ven Hire 104.001 20,958 39,769 18,652 1,200 143,770 39,610 1,200 155.212 14,681 16,561 2. 640 2.480 711 104 104 125.063 59,621 184,684 192,285 Tot812023 143,450 48,835 192,285 Page 14
CORNER HOUSE @ NEWfOWN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) ANALYSIS OF SUPPORT COSTS Total funds 2024 Tota fvnds 2023 UnstrICted 2024 Staff costs Arlington Park Cleaning Publicity and marketing Electric Gas Water Hospitslity15undry expenses Insurance IT Legal and Professional fees I subriptIOnS Maintenance Office costs (printing, equipment etc) Security Stationeryl postage Telephonel intemet Travel and training Independent Examination 109.010 5,841 1.617 109,010 5,841 1,617 43 80,335 5, 146 1,318 37 21,624 27.640 6,127 746 27,461 27,062 5,955 999 27.461 27,062 5,955 999 2,103 182 1.940 3,629 2,261 1.868 613 2,154 752 1.400 2,103 182 1.940 3.629 2,261 1.868 613 2,154 752 1,400 2,076 307 1, 743 2,992 1,528 2,334 568 2,240 250 1.400 194,890 194,890 158,411 Total 2023 158,411 158.411 GOVERNANCE COSTS Unrestricted funds 2024 Total fundg 2024 ToE81 funds 2023 Independent examination 1,400 1,400 1.400 Page15
CORNER HOUSE @ NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS 2024 2023 Wages and salaries Social security costs Contribution to defined contribution pension schemes 234,529 12,152 6,099 221,067 9.741 4, 739 252,780 235, 547 The average number of persons employed by the Charity during the year as as follows. 2024 2023 No. Core activities Charttsble activities 11 18 17 25 No employee reIVed rernuneration amounting to more than £60,000 in eilher year. Total remuneration paid to key managemenl personnel was £104,748 (2023.. £87,359) TRUSTEES. REMUNERATION AND EXPENSES During the year, no Trustees received any remuneration or other benefils (2023- £NIL). During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIU. DEBTORS 2024 2023 Prepayments and accrued income 7,237 4,215 7,237 4,215 Page 16
CORNER HOUSE @ NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals and deferred income 11,449 t5, 152 Page 17
CORNER HOUSE NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 31 March 2024 Balance at 1 Aprll 2023 Transfers Inlout Income Expendtture Unrestricted funds De51gnated funds Universal Youth Work Corner House @ Nevrtown Alternative Youth Work Asylum and Migration PCC Targeted Fund PCC Fund- CURV National Lottery- Yarm & Newtown Ingleby Town Council Seen Heard Belteved Catalyst Youth Engagement Youth InveslmeTrt Fund Cleveland Fire - Slreet Dance 17.540 38,121 4,266 1,770 5,276 (9,4491 (20,323) (3,850) (33.944) 123.371) (8,091) (686} (9161 (4,066) 13,4831 9,185 500 27,225 23,200 26.297 (9,015) 1.622 4,842 30 19,796 9,000 12,520 3,744 10,000 2,837 (4,2091 (7,523) 111,382) {1,275) {6.900) 12,837) 1633) (1.500) (1.138) 19,796 2.469 3.1GO 71,845 118.007 (126,063) {20,513) 44,276 General funds Core 81,155 184375 (194,890) 25,991 96,631 Total Unrestri¢ted funds 153,000 302,382 (319.953) 5,478 140.907 Restricted funds Small grants National Lottery Reach Out 8.392 22,682 17,529 39.597 119,935) 139,686) 13,478) <2,000) 2,S08 20.693 31,074 57,126 {59,621) 15,478) 23,101 Total of funds 184,074 359,508 (379,574) 164,008 Page 18
CORNER HOUSE @ NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. STATEMENT OF FUNDS ICONTINUED) STATEMENTOF FUNDS - PRIOR YEAR Balance al 31 March 2023 Balance al 1 Apnl 2022 Translers in/oul Income Expondilure Unrestricted funds Designated funds Targeted Youth Work ParkfEld Hall Universal Youth Work Universal Youth Work Corner House @ Newtown Alternative Youth Work Asylum and Migration Workforce Development PCC Targeted Fund PCC Fund- CURV National Lottery- Yarm & Newtown Ingleby Town CouncFI 4.602 2,255 4,406 (2,273J (332) (47, 720J (6, 735) (1.923) (2,280) 50,000 18,667 62,947 8,452 32,428 (20,961) (24.404) (3, f86) (27,937) {35,245) (5,980) 19.840 (422J (I,oooJ (19,941J (3,850) (1,800) 17,540 38,121 4, 266 15,450 40,865 13.056 1, 770 5.276 9. 706 1,400 (4.231) (1,220) (633) (150) 4,842 30 129.345 134.883 (171489) (18,894) 71,845 General funds Core 34,124 152, 704 (154211) 52, 538 81, 155 Total Unrestricted funds 161469 287,587 (331. 700J 33,644 153,000 Restrlcted funds Small grants National Lottery - Growing together 4,910 22,441 (15,154) (3,805) 8.392 17,448 38,915 (33,681) 22,682 22,358 61.356 (48, 835) (3.805) 31,074 Total of funds 185,827 348, 943 (380,535) 29.839 184,074 Page 19
CORNER HOUSE@ NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. STATEMENT OF FUNDS {CONTINUED) Restrlcted funds Natlonal Lottery Growing Together Partnership funding with The Five Lamps Organisation, Little Sprouls, Cofner House Youth Project and Cultivate Tees Valley. This is funded for 3 years, 4th January 2022 to 5th January 2025, with The Five Lamps Qrganisation as the lead partner and accountable body for the grant. The aim of the project is to bring people together and build slrong relationships across communities by engaging with young people and their families. The Corner House Youth Project will deliver the "Youth Voice" element of the grant employkng a Youth Voice Co-ord'nator to Set up Youth Voice Forums where young people will come together to discuss local issues and needs for young people. There will also be training packages for local young people lo raise aspirations and improve life chances. A progratnm8 of Youth Mentors and Youth Assistants will be delivered will assist staff in supporting the wellbeing of children and young people who attend our youth work sessions aGross the borough. Small grants This fund relates to income re¢eived to fund activities. One small grant is carried fr)rward to 2024125= Catalyst Youth Mental Health First Aid: £2.508 ffo deliver Youth Mental Health First Aid courses to individuals who are either volunteers working with children l young people. parents I carers supporttng a child wth or at risk of mental health issues) Page 20
CORNER HOUSE @ NEwfowN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. ANALYSIS OF NET ASSETS 8EfwEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT PERIOD Unrestrlcted Restrlcted funds funds 2024 2024 Total funds 2024 Current assets Creditors due within one year 152.356 111,449) 23,101 175,457 (11,4491 Total 140,907 23,101 164,008 ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR PERIOD Unrestriclod funds 2023 Restncted funds 2023 Total funds 2023 Current assets Creditors due withln one year 168, 152 (15,152) 31,074 199.226 (15.152) Total 153,000 31,074 184,074 13. RELATED PARTY TRANSACTIONS During the reporting period there were no lated paty transactions. Page 21