harlty rtylstrallon number 1171347 BLYfH RESOURCE AND INITIATIVE CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
BLYfH RESOURCE AND INMATIVE CENTRE LEGAL AND ADMINISTRAnvE INFORMATION Trust••s R Snowdon MP Hal E Bfratdfj J Eaton IAppolnted 14 June 20231 IAppointed 19 20231 Charlty Thumr 1771347 prtnclpaj addr•ss Blyth Communtty Enterprfsè Centr& Room 118 Ridley Slroet 81yth NOrthumb8rld Enoland NE24 3AG Ind•pèn¢knt exarnlner Robson LaldlerAccountants Limttwj Femwood House Fernwood Road Je3mond Nèwixstt& upon Tle Tyne and Wear Englmnd NE2 1TJ B8nk•Ys Nallonal Westmlrtster FAC WhiU8y Bay 18 Park Ifiew Norlhumberfand NE26 zro
BLYTH RESOURCE AND INITIATIVE CENTRE CONTENTS Pag• Trustees, report Indgp&ndent 8xaminerfs report Statsment of financlal 8eUvities Balgnce shegl Notes to Ihe Ilnandal stalements 9-14
BLYTH RESOURCE AND INITIATIVE CENTRE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Irustso8 prasant theiT annual rgport and flnancial stst8ments for Ihe year ended 31 March 2024. The fjn8n¢lal Statements have been prepared In accordance th 1he accounting policl8s set out in note 1 to thè financial statsmènts and comply with the charivs governing document, the Charities Act 2011 and 'Accounllng and Reporb'ng by ChaDti8s.' Statement of R9comTnended Practi¢& ap1£abl# to ChalilS prepaNng their accounts In accordance urith the Flnandal Repotttng Slandwd applicoble in thè UK and Republlc of Ireland IFRS 102) lefitiVe 1 Jonuary 20191.. Objtetlves and a¢Vla Blylh Rèsource and InilialivB Centre (BRICI is a p80pIB'S charity based in Btyth, South East Northumbeiland. Our main objeotwe is lo support those who aro looking to 8fyrure long-term sustainable employment, howgver oftèn they have barriers that hinder their abilrty to do this. In fulfilling this objective the charity also aims to ina$& th8 dlenl's knedge and indep&n(lenGe in making posilNe decisions, rai$lng thèlr aspirations and empower them lo lead a more fulfilling lrfe. There are no digÈbilpty criteria in r8g8rds to the people that WO SUPPOrt allhough we wk very closety Various partners to ènsure that drents get specialist support when thay need it. We identify barriers to ieaming through a reswnstrto-nwl approach where 5UPPOrt Is tallored around th8 need of the cllent and th81r IdentId outcomes. BRIC deliver an array of much-need8d provision to ensure that people are supported 88 much as possiblg on theirloumey to secure gmploymant Thi5 provision c•n fall into the folloYAng c8tag0ri9S. Edu¢•tlon: Courses are delivered to enhance knowl¢dge, skilks and l$aming, wtth infomial and atrxedsted provision. Thls Includes Dlgital skills qualtfkation3, funCtIon skills In English and Maths and Llteracy. ITrformo1 learning in¢ludes 8motional wellbeing and mont81 health and Digital SNS %*Nk5hop& Employablllty: Provlslon has in¢lu¢J8d group and indwidual 511PPOrt for job searchlng, Unlversal Jobs Match. online and paper applications. interwew skli Is. mock inlerviows and other support as il is required. We are a partner in the Levelllng Up UKSPF funded programme Solld FouNlatlons along th 5 oth$r thlrd sector orgènisations. with Thriwng Togelher ICAB> 95 the strategic and complian¢a lead. We also provide 8 CV wriling 8ervl¢a whara dients1eam to wrft? th&ir own CV Mlh our support. and are taught th8 skills to update IL edit it and tsllor spedfic va¢anclo5. Drop4n: This mgdlum of supp(Yt allows psople access lo comput6rs, wlh sUPPOrt. Therefore they are oftgn used forjob-seaTching and recording on Universal Jobs Match, as well as making job applications and otherio relat activilios. Although drop-ln Is an open sesslon for anyone who want5 to Use the computeTS for whichever purposts they wlsh, as bng as they adhere to OLtr a¢¢e$$ pollcy. priLYity 18 glv9n lo thosa undertaklng Jotbr8latgd acti119$. Publ1¢ banBfit The Irustees confimi that the charity has complied with section 4 of the Charities kt 2011 to have due regard to the public b8neflt guidan publishgd by the Char(tles Commlsglon.
BLYTH RESOURCE AND INITIATIVE CENTRE TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aohlevèments and perfomiancè Chartt8ble Aellvities Th¢ txjmbinalton of a post-covpd world 8nd the Cost of Livfftg crlsls continue to affect Blyth and the wider NortJwmbartarKI communities and no immediatg ch8nge is ènvisag6d suggosling a chaljènging ye8r ahead. However. our Chlef Executivè Ènd the BRIC tearn contlnue to cre8tè and maintain strong neknvorng and partnership working and overall the y88r has seen the SUwessl d81ivery of 8 range of pmjects. D&sPite the tough 8c(Jnomrc cbmale. nèw funding ha8 bwi secured whl¢h IB extr8rnety enetsuraglng. Tho financial y&ar saw Ihe ond of the BBO PeCt. however, our Sub0910naJ partn8r3hip working continued as dlgltal skllls16mployablléty delivery partn&r In the UKSPF Solid Foundatlons programme. We rètained our C8nlr8 accreditation for Fun¢tional Maths & English and wsre given D1ct Claim3 Slalus by our Awarding Organisalion NOCN. Alongslde thts w• conb'nued lo deliver dlgital skillsllndusion training and our Literacy progrBmme, all of ich support Sndividuals enhance their empJoy8bility prospects. The Board of Trustees romaln act and engaged. and whlle Trustees stepp8d down durtng the year It was encouragirsg that new Trustees were quSckly recruited. The Board continued to seek diverse crUItMent and were dejlghted to receive Interest from prospedve female Trustees. However. we Still s88k lo enhance th• thversity of Ihe Board and Ihe Trustees will cDntinu¢ to address Ihis issug In the coming year. Flnanclal rgview The finon¢ial statements for the year ending 31 March 2024 show.. - Total irwme Df£112.900 - Total expenditure of £145,150 - Net incomg of1£32,2501 - Total funds £68,685 During th8 year, Trustees reviewed BRIC staff salaries and were pleased to offèr salary Increases whlch we f8é1 begin to better ect the exceltenl work of the leam. We cOgnise thls increases the charlty's Month outgoirgs but aro confident that currgllt buSItTr development will ab80rb thgse outgoirys. While not dI¢aY fijnrfjng related, Trusleas werg delighted to amend the Centre Manager's lob tiue io Chief Executive whlch we feel better reflects the breadth and depth of the actlvltles undertaken In the roje. Fundlng BRIC has main sourc8s of funds.. the proviSn of serve$/Cor funding. and grants for spac¢ projects and funding of gèneral ovèrheads. Th8 funds are malnly usecs for thè employmènt of staff and ongagement of tutors to deliver chaAlable benefit. with the balance funding Ihe administrative support fundion. Hlghllghts Irom the year Induded sUng conilnued fijndlng from both Vlrgin Money and Greggs, p8tthering In Ihg UKSPF Solid Foundations and Adult Edu¢8tion programrne and CeIving 2 8ignÉficanl grant from The Accèss Foundatlon. Along with a further serfes of addi¥onal bids and smaller grants, the charmy's finances are w) good heatth al the end of perio¢J and providg reassuran and (xjmfort that BRIC Is viewed as 8 partner of ¢hoice for Ihiml sector funding. Reserves Pollcy As d8tailed on the balance sheet, ovgrall reserygs decw89d from £100.935 in 2023 to £68.685 in 2024. Fr90 reserves. being unrestricted reserve8 not invosted In fixgd assets stood at £62.61612023: £37.7191. Trusle&s pèrfjodically reeWed th8 Gengral Reserve as part of flnanclol updates to the Board and contjnue lo &intain 8 close watch on this figure,
BLYfH RESOURCE AND INITIATIVE CENTRE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Buslne8$ Dèvèlopment During B08rd rneeling8 ¢)Vgr tho year. Trusi8es had sgVgro5 discussions on the fow5 of the charty arhd the polenlial to axpand ils actlvitles and reach by explorfng new areas of acuvlty. However, the Board were rnlnthul of maintaining 8 dear focus on our herftage and what we do well, ond what we have don8 for so many yoars, along wllh the realty that we havè a small team that is already llY committe(I d1Veng it8 currant wothoad. Conscious of the everchanglng ndscaPe. including the challenging public sector financial climate, the start of the North East Combined Authority and a G9ngral Elecllon In tt)8 coming months, TruBtses ar8 ko8n to PT(Jgrass se discus51on5 further with a workshop pfanned for the Summer months. Octob8r 2023 saw BRIC cal8brats Its 40th year as a chatY and a small •venl was held hi the Blyth Communlty Enterprise Cenlre to mark thls notable achievement attondtrd by and dients. We were delighted lo wol¢ome th& Maycf of Btylh CThr Warren Tayf( along wlth18llow Blyth town Gouncilkr8 who supported tha 9vont. Furth&r pubfic recognition came folbwing a visitfrom 81yth MP lan who attended 8n event to mark the IArgln MonBy fvndlng award. rr InfrnstructUTe The charfty hos operdled on an increasingly outdated and unrellable IT InfrastrucbJr8 fcr some tlmg. Thstees recognis6 th8 essenbal requ1ment for Investrnent and the Centre Manager iniliated actions to migrale th8 day- tTrdoy operalK)ns to a dou(kbasod infrastrUra whith will prod8 a more effident, resilient and secure IT platform for all bu8iness operattons. Plan6 for thefuture NCUrnbèrfand County Councll continu8 to progress plans to develop Btyth tovm c8ntr• and create a Cultural Hub- The PavilKJn. and our Chief Execulwe is abreast of potential partnetshlps and oppothjnities Ihal may artse. oporbing of the new Northumberfand pa¥senger train 8grvice has been dalgy8d lo Wlnter 21r24 at the earfi&st. however. hOfullY some impact may be seen dudng 2025. The UKSPF Solld Foundations end In March 2025. and whNe thls Is a y&ar away are alrèady worklng vAth Thrivrng Togelhgr to continue the partnership which has been runnlng nce 2017 and will expkjre Ipunis for ¢onJnuatlonlreplacemenl lundiry. We arg awar8 of Ihe imminsnt launch of the North East Combined Aulhorfty INECAI and wll seèk to 951abf18h good Wong relèlonship5 wllh the new 0rg5nisatic. FortunBtely the expectation Is that W8 wlll know Ihe majority ofth$ ¢ofttacts who t8ke up roles thin NECAas they move from thelr wrrent rrdes. Struclur•s govomance and management Govemlng document The charity is controlled by Its govemlng docurnent. a degd of Injsl and constilutes an uThncorporated charity. The truste&s wlKtr served duriThJ th? year and up to the datg ijl signaturg ofthe financial ststements wpro.. Mr W Lennox {R&8ign$d 31 January 20241 R Snowdon MP H811 T Sampson E B8altle J Eaton (Resiqned 31 January 20241 (Appolnled 14 June 2023} ppoirrt¥d 19 April 2023} Recrullm•nt and appolntmènt of new tnThte8s At Annual G8n8ro1 Meeting, gach Trustee conffimi their continued rappointsent a tsmi of on8 year, for o period of up to a maximurn ol S con5ecudv8 years In office.
BLYfH RESOURCE AND INITIATIVE CENTRE TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organlsatlonal $tfucturo Th8 Trustees act as 8teward5 for both ujrretrt and fulurn b8nèficiarig6 and arg accountable lo th8 public by reason of th& ch8ritable statu8 of BRIC. The Board of Trusteès L4 responsible for estsblishing Structures for the proper govemance and management. and thè developmgnt of the vision and $tr8tegy of the Charity in 8ccordaneé wlth Its obJ8ctlves. The board Meets gvgry slx weeks {or more frgqugnlly required) to discusB operation81, fIncial ancl devdopmental policy, making decisions on k&y issues. The TnEstew are required to elest a Chair at the first meeting of aath lendar yoar, A Vic&Chaii ts a180 elected. A 5ch¢rne of delegation 1$ agreed annually. allowing the Chalr and the MChaIr to act be0 mg&tings when necessary. As requlrad. the Trustees afso fomi workirrfJ group3 to take on detallgd work In spocthc areas and make recommendations to th8 Board for approval. The charlV8 Chief Execuve repjrts to th8 Board on th8ir rwective ar9a of rgsponsibility allong the Trustees lo monltor principal functions. The daY-traY manapm8nt of BRIC Is de19ga¢ed Ic lh• ChlÈf Ex8culive, Sharron Faw¢otL She is well supported by a stAff of four. Induetlon and tralnlng of new try$tso8 Trustses come fr1 a variety of backgrounds and as part of thdr Induction and trainlng rocewed an induclion pack which includes the foilowing documents.. - Scheme ofthe charity -Artides ofAssocJalk)n - Hi8tory of the charty and Its govomance and objectives - Latsst set of a¢counts ond budget for th• currerrt finandal yoar - IAinutes ot previous board meetings - Sch8m& of delegalon Standlng flnanclal Instru¢ib)ns and rIsk management reglster - Managèment strLKtur& and detarfs of other trustees - Thg Charity Commission publicauon The Esserthl Trustee- What you need to know, what ycw n•8d to do., In addition. new trustees may meet wlth th8 d)air and th9 Chlgf Execulw8 to d8$ BRJC stratogy. obleclives and currant aclivilles. and have a tourof th8 premises an(J n1 the staff. Speclflc training and dèvelopment needs ¥re addressed in consultan th Trustees and meeting per year may be devoted to trv8188 training and dgvelopment. Thg experienc6, knovAedge, &xpgrtlse and skills of Trustees 13 perlodlcolly r8vlewed. Informalion from Ihi¥ SkillsAudit C8n identify any potential gaps and Can be used to Influence and encourag0 appropriate nominations and apontrnents to tha Board to complam$nt and onhanca th$ diverstty of skills and persp8cIv•s. Key manag•meFrt r•mun•ralk*n Perlodlc $818ry revlews and job evdualons are undertakèn. R•lat8d partlo$ Although not a part of a fomial n81%)rk of ¢harftS, the charty has eglablished worklng relattonships wltr¥ other arities wSth sirndar aims. The charity has excellent links wlth the VCS as well a8 working closely on itiint projects. An example of thi¥ 13 the Building 88ttgr Opportunrti8s ESF and Big Lottory funded proloct wh8r8 BRIC works wtth Northumbartand County Councll, NLT, NCVI CAB and Cygnus. We also have links Mlh statutory s¢M¢es respect lo our aceredited tralning. The IrLtstegs' report was approvgd ty thg Board of Trustees. Rsno rrustoe D8ted".
BLYfH RESOURCE AND INITIATIVE CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLYfH RESOURCE AND INITIATIVE CENTRE I r&port to the Iruslees on my examination of tha flnandal 8tatem&nts of Blyth Resour and Inltbtlve Cgntr91th6 Charity) for the yr ended 31 March 2024. Responslbllltlos and ba$1$ of rnport As the Irustees of the charlty you are responslble for the preparatlon of th8 financlal stem8nls In accordance wlth tho r8quirements ofthe Charibe$ Aet 2011 {the 2011 A¢ti. I rgport in respect of my examinalJn of the ¢harfVs financial stat&m6nts carrted out undar section 145 of thg 2011 Act. In ryIng out my ox8mSnaOn I have follod al the appllcable Dlrectk)ns glven by the Charlty Ccfflmi8slon under section 14515llbl of tha 2011 ACL IrKlopand8nt examin•V• statement I have completed my examlnatson. I conffim that no matters have ¢oJrE to my attertion In Connection v4ith Ihe examinalM)n giving me caus8 to believe that in any matarial respect.. accounlng records were r#)t kept In respect of the charity as reqUId by section 130 of the 2011 Act., or the flnancial 5t4t@ments do not accord wlth Ihos6 records., or tha finand81 gtst8mants do not MlY with the appliobla raquirements conceming the forni and Gontent of accounts sel out In tha Charlties {Accounts and Report51 Regulallons 2008 other than any requirement that thè accounts give a true ¥nd fAlr vlew which is not 8 matlar considtsd as part of an indgpend$nl oxamination. l friave no ¢(XKgms h8ve como a¢ross no other mattars in connection wtth thè eraminalion to which attontion sl)Duld be drown In Ihl$ roport In order to abl8 a proper undgrslanding ofthe )1nandal statsments to be teachthl. Ntcholas Cunnlngharn F¢CA Robson LaldltsT A¢¢ountants Limited Femw¢)od House Fernwood Road Jesmond Newcastle upon Tyng Tyno and Wear NE2 1TJ England Dated.. .i[.-K - L}..
BLYfH RESOURCE AND INrriATIVE CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current Ilnan¢lal yr Unrtstrfcted Ro$trl¢ted funds tund8 2024 2024 Total Total 2024 2023 om• from.. Donats.S and1894cies Chwilabte activlljes 93,126 19,774 93.126 19,774 125.204 40,132 Total IncomB 112,9)0 112.900 165.336 ndltur• on: Charft8ble active6 89.918 55.232 145.150 123,491 Nèt incomelloxpenditurel for tho yoarf Not movemfrnt In funds 22.982 (55,2321 132.2501 41,845 Fund balanc&$ 8t 1 Aprl 2023 45,703 55.232 100.935 59,090 Fund balanc0$ at 31 March 2024 68,685 68.685 100,935 The statement of financial aclvttres indudes all gains and lossos rpcognised in th¢ year. The Statemnl ol financi81 actiwlies indude$ all gains and1o$ses rec4yJnised in the year. AN income and expondlturs dsrfve from COnnUIng a¢ttvities.
BLYTH RESOURCE AND INITIATIVE CENTRE STATEMENT OF FINANCIAL ACTivrriES {CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior finan¢l•l yèar Unr•strlcted ReFtri¢t•d funds funds 2023 2023 Total 2023 Notes Incoma from.. Donations and18gaclas Charitsble actsvtties ri.662 40,132 47,542 125.204 40,132 Total Incom 117.794 47,542 165,336 ndituT• on.. Charitable activit8 111,271 12,220 123.491 Net InCom(p•ndjtUre) for tho y•arl Net movemènt in fund5 6.523 35.322 41.845 FuThJ balances at 1 Aprl 2022 39.180 19,910 59.090 Fund balan¢¢¥ at 31 Ilarch 2023 45.703 55,232 100.935 The statement of financlal actlth Includgs aw galns and1098e8 rgctyJnts8d In the year. The statam&nt of finandal actitIS includes al galns and105ses rec(onl8ed In 1he yew. Al Irubme and experKlllurg derivo from ccffltinuing athitio$.
BLYfH RESOURCE AND INITIATIVE CENTRE BALANCE SHEET ASAT 31 MARCH 2024 2024 2023 Notes Flxed assots Tangiblè assets 6,069 CuNent assets Dabtors Cash at bank and In hand 266 71,705 2.574 94,056 71,971 96,630 crOrs.. amowtt5 falllng du• wlthln one year 10 19,355) 13,679) N•t Current as80ts 62,816 92,951 Totsi assots lees currnnt li•bJlltles 68.685 1CQ.935 The fvnd$ vfthe charlty Restricted InMe funds Unrestricied fund8 55,232 45.703 12 68.685 68.685 100,935 The finanual stalgm8nts w&ro approved by tha trustees on ....... . Rsn Trust•0 on
BLYTH RESOURCE AND INITIATIVE CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting polcles Charfty Informatlon Blyth Resource and Initiativ8 Centre is a Charitable Incorporated Organlsation. 1.1 A¢¢ountlng corbvgntlon The financAal $18lem&nts have been prOpad in accordance wdh the charitys deed of trust, the Charities Act 2011, FRS 102 'Th8 Flnanclal Reporting Standard applicable in the UK and R8public of Irdand. I'FRS 102"} and tho Charitles SORP "A¢¢ounting and Reporting by Charities.. Statement tsf Recommended Pr8¢t6cg applicabl8 to charitr'es preparing Ihoir accounts in aocordance with the Financial Roporting Standard appllcable in Ihe UK and Republic of Irdand {FRS 1021"1off$ctlve 1 January 20191. The charfty L8 a Public Benèfit Entity a9 Iyeffined by FRS 102. The charity has taken advantag• of the prowsions rn the SORP for th8ri1ies not lo prepare 8 StateThnt of Cash Flows. The financial statements have departad from the Charitlog IAcccMJnts and Reports) Regulations 2008 only to the exknl requlred to provide 8 true and fair view. Thi8 daparture has Invoed folloMYng the Statement of R8commènded Practice for charities appng FRS 102 rather than the verson of the Statement of R8¢ommended Prath whlch is referred to1n th6 Regulallons butwhLch has n¢8 beèn wlthdrawn. The finanryal slat8mènts are prepared in slerfing. whl¢h is the functional rrencY of the tharity. Monetary 8mounts in thes8 financial staternents are rounded to the ne8r9$1 £. The finaTToal statements hav& bggn pifjpar8d undar th8 historical Ix)st convention. Th¥ prinapal accounllng policies adopted are set OErt below. 12 Golng concom Al the tim& of approng th8 financlal statements, th8 trustees have a reasonable expectauon that the charity has adequate rescgjrces to conts"nu& in operational oxistencE for the foweeable ftjture. Thus the truBtee8 ntinue lo ailopt the going concern basi5 of accounts.ng in prtrparing the finBnaal statements. IJ Charltable fund$ Unre6trtd8d funds ar8 awdilable for vse at the diBcrellon of the tnJ8tea8 in fvrtheranco of thr charitabl objeclfv8S. Restrictsd fvnds are subject to speufic conditiffls by donors or grantors tss to how Ihey m8y be used. The purposes and u¥85 of the r6slrict8d fund8 are sat OLtI in the nolos lo the ffinan¢lal stat8ments. 1A In¢om• Income r8COgnlsed when the charity Islggdly 8nlKled to It aftèr any perforrnBnce conditw)n8 hav8 been mel, the amounls can be measured lIably, and it is probable that income will be receNod. Grants 8re indUdj in lh8 Statement of Financkql Activllie5 on a recelvable basis. The balance of income reCead for spe¢lfic purFX)ses but not expend8d durlThJ the period Is shown in ral8vant fijnds on thè Balance Sheet. Wherg incomo Is recelved In advance entitlemenl tts regnitIon is dgfèrred and included in creditor3 9$ dgferred income. Wh8r6 entiuement occurs bgfora incomelg r8COtvod. the iFwmg Is accrued.
BLYfH RESOURCE AND INITIATIVE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AcUntIng pollcies (Continued) Exp•ndltur• Lfablllllg9 &re recognl8¢d as expendrture as soon as th8re 18 a legal tsr ¢(Jll81ructlvg obThgation wmmltNrwJ tho charity to that expendtture, it 15 prob8ble thal a tr8nsfer of economic beneffts wdl ba roquired in settlem8nt and thg arnovnl of thg obligalron can b8 measured reliably. Expenditur8 Is accounted for on an accruajs ba8is and has been dass5fied under headirGs that aggregate ali cost ralat8d to the category. Where o)sts e8nnot be directly attributed lo partS¢uF8r headings they have been alo¢&tsd to activiti&s on a basls nSIStenI wih the Use of res(wrces. Grants payable are ¢harged in Ihe ypar when the ofv is made •xc8Pt in those ra$es where tho offgr Is condltional, such grants belng r8eognlsed as Èxpèndllure when thè conditions altachlng are fuifiled. Grants offered subject lo conditions vthi¢h havg not en mel al the year end date are Ited 88 s cKjmmibt ol accrued 09 expendlbJr6. All eXpditure is induslve of irrecoverab VAT. 1.6 Tanglble Ilxed ass•ts Tangitle fixsd assets ar8 l.8J1Y measur9d at cost and subsgquenuy meosured at cost or luatiOn, nel of deprec18don 8nd any Impzlrment losses. Depreuation is 18cognlsed so os to te off the Cost or valuailon (K assets less their Trsiduaf values over thair usgfvl live6 on th• folowwjg bas98: Flxlur8s and fftllng$ 20% straight line 1.7 Cash •nd (ash •qUFvalonts Cash and ta8h equlvalonts Indude cash In hand, deposjts held al call with banks, other sht)rt-term Ilqujd investments wlth 4Yiginal rnaturities of three months or le89, and bank overdralts. Bank overdrafts are shovm wlthln borrowings In current liabillJ&s. 1.8 Taxatlon The charity ig gxempl from tsx an it8 tharitablg kneS. 1.9 Retlr•ment benefltg Payments lo defined eonlribuuon retirem1 benèfft schemes tharged as an oynse as they f811 due. Income from donationB and iegaci Unrg6tricted Re¥tri¢ted funds fvnd$ 2024 2024 Total Unrestrf¢ted Restrfctsd fund$ funds 2023 2023 Total 2024 2023 Grants 93,126 93,126 77.662 47.542 1252Q4 io-
BLYTH RESOURCE AND INITIATIVE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on char5table actlvllhs Charlty acdvltEes 2024 Char actlvitles 2023 Diro¢t $t$ Staff costs D9pr8aafiJn and imp4imi8rht Ront R&glstraton foes Tutor costs Slaff expensgs and trainlng Advert161ng 102.117 2.215 15,961 2.405 11,040 3,342 537 85,880 1.644 17,413 4,331 5.247 1,956 613 137.617 117,084 Share of Support and govornan¢¢ Costs {$89 note 4) SupFOrt Govgmanc• 5.767 1.766 4.528 1,879 145.150 123.491 Analysi$ by fund Unmstrfcted funds R8slricted frjnds 89.918 55.232 111.271 12.220 145.150 123,491 Support allocated to actlvld#• 2024 2023 InSurare Telephone Postag8 and stab'onery Office costs Staff Iravd Barhk charges Govemonce costs 1,013 55 1,358 3,057 150 159 1,741 912 60 617 2.743 101 95 1.879 7,533 6,407 Analysed b•tw8•n'. Charity a¢dvllgs 7,533 6.407 Tru6te•s Ne of the Irvstees lor any persons connected th ttml CeiVed any r•nuneratkJn or benefits from the charfty durlng the year. 11
BLYTH RESOURCE AND INITIATIVE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees Th6 average MthlY nurnber of empjoyeès duNng the year was.. 2024 Number 2023 Number Operallonal staff Employn*nt costs 2024 2023 W8g&s and salarfes Soelal security costs Other ponston costs 97.309 2,152 2.656 83,713 117 2,OSO 102.117 85.880 Durlng the ytsar, key mBnag8rn•nl r8rnunerall(m totsled £30,00312023: £22,537}. There were no &MoyeeS whose annu81 r8muneTation wo8 £60.000 or more. T&xallon The charity Is exempl from laxalton on Ils activÉli68 bacause all tts Income is appfied hr ¢haritablo Ixirpose$. Tanglblo fixod 4s8 and Ilttln Al 1 April 2W23 Addltkjns 10,899 300 At 31 Mar¢h 2024 11.199 Dopreclatlon and Impalmi•rrt At 1 April 2023 Depreaation charged In tho year 2.915 2215 At 31 March 2024 5,130 Carrylng amounl At 31 March 2024 6.069 Al 31 March 2023 7.984 12-
BLYfH RESOURCE AND INITIATIVE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Debtor¥ 2024 2023 Amounts fallno wlthln ong year: Other debtors PpaymentS and accrued Inthm8 2,198 376 2,574 10 Cr•dllors: amounts falllng Twlthln on• y•ar 2024 2023 0thertaxatiC and so¢i81 security Trade crethlors other ¢redttors A¢crual$ and deferred income 6,518 1A59 106 1.272 382 1.298 9.355 3,679 11 Retlr•m•nt bon•fit schem¢8 2024 2023 Deflned contrlbutlon s¢h•m8s Charge to profit or In raspact of deflned contrfbution 4thamè$ 2,656 2,050 The charty operates a defined ¢onlrfbuUon p8nslon stheme for all quallfylng employees. The 88801$ of the 8cheme 8re hew separately from those ofthe charity in an independently ¥dministefed fund. 12 Unrnstrlcted fvmds The UnstrICted funds of the charity comprise the unexpended ba18nces of donations and grants which are not subject lo sfiC condltlons by donors and grantors as to h(yw they may be used. These Inetude designaled funds which hav8 boen set aside out of unrestrfrted funds by the trustees for sF*dno purp06e8. At i Aprfl 2023 Incomlng r•sources Rosourc At 31 Morch exp8ndod 2024 Ganeral funds 45,703 112,900 {89,918) 66,685 Provlous y•ar: At 1 April 2022 In¢omlng Resourc•• At 31 March ¥ourc•$ expended 2023 General fund 39,180 117,794 1111.2711 45.703 13-
BLYTH RESOURCE AND INITIATIVE CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Anaty$ls of net assets botwe•n funds Unr8strlcted Restrletod funds fvnds 2024 2024 Totsl 2024 At 31 Mar¢h 2024: Tangible assets Current 88S&tsllllabilltlès) 6,069 62,618 6.069 82.616 68,685 68.685 Unrastrlct8d R•strlet•d funds lunds 2023 2023 Totsj 2023 At 31 March 2023: Tangible assetg Currtsnl asselslUiabAitiesl 7,984 37.719 7.984 92,951 55,232 45,703 55,232 100,935 14 Relatod party trans•ction8 There wws no dlsdosablè related paty lrnnsadons durfng tho year (2Q23- nonal. 14-