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 Thum￿r
1771347
prtnclpaj addr•ss
Blyth Communtty Enterprfsè Centr&
Room 118
Ridley Slroet
81yth
NOrthumb8rl￿d
Enoland
NE24 3AG
Ind•pèn¢knt exarnlner
Robson LaldlerAccountants Limttwj
Femwood House
Fernwood Road
Je3mond
Nèwixstt& upon T￿le
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¢& ap￿1£abl# to Chalil￿S prepaNng their accounts
In accordance urith the Flnandal Repotttng Slandwd applicoble in thè UK and Republlc of Ireland IFRS 102)
lefi￿tiVe 1 Jonuary 20191..
Objtetlves and a¢￿V￿l￿a
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 in￿a$& th8
dlenl's kn￿edge and indep&n(lenGe in making posilNe decisions, rai$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 w￿k 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 IdentI￿d
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$aming, wtth infomial and atrxedsted
provision. Thls Includes Dlgital skills qualtfkation3, funCtIon￿ skills In English and Maths and Llteracy. ITrformo1
learning
in¢ludes
8motional
wellbeing
and mont81 health and Digital S￿NS %*Nk5hop&
Employablllty: Provlslon has in¢lu¢J8d group and indwidual 511PPOrt for job searchlng, Unlversal Jobs Match.
online and paper applications. interwew skli Is. mock inlerviows and other support as il is required. We are a
partner in the Levelllng Up UKSPF funded programme
Solld FouNlatlons along ￿th 5 oth$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
acti￿119$.
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 neknvor￿ng and
partnership working and overall the y88r has seen the SUwess￿l 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 P￿￿eCt. however, our Sub￿0910naJ 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 D1￿ct 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 proviS￿n of serv￿e$/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 s￿U￿ng 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 re￿eWed 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 d￿1Ve￿ng 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 cha￿tY 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 Gouncilk*r8 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 requ1￿ment for Investrnent and the Centre Manager iniliated actions to migrale th8 day-
tTrdoy operalK)ns to a dou(kbasod infrastrU￿ra whith will pro￿d8 a more effident, resilient and secure IT
platform for all bu8iness operattons.
Plan6 for thefuture
NC￿Urnbèrfand 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. hO￿fullY 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 I￿p￿uni￿s
for ¢onJnuatlonlreplacemenl lundiry.
We arg awar8 of Ihe imminsnt launch of the North East Combined Aulhorfty INECAI and wll seèk to 951abf18h
good Wo￿ng 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 r￿appoints￿ent 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 $tr8tegy of the Charity in
8ccordaneé wlth Its obJ8ctlves. The board Meets gvgry slx weeks {or more frgqugnlly ￿ required) to discusB
operation81, fIn￿cial ancl devdopmental policy, making decisions on k&y issues. The TnEstew are required to
elest a Chair at the first meeting of aath ￿lendar yoar, A Vic&Chaii ts a180 elected. A 5ch¢rne of delegation 1$
agreed annually. allowing the Chalr and the M￿ChaIr to act be￿0￿￿ 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 Execu￿ve repjrts to th8 Board on th8ir rwective ar9a of rgsponsibility allo￿ng the Trustees
lo monltor principal functions. The daY-tr￿aY 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$tso8
Trustses come fr￿1 a variety of backgrounds and as part of thdr Induction and trainlng rocewed an induclion
pack which includes the foilowing documents..
- Scheme ofthe charity
-Artides ofAssocJalk)n
- Hi8tory of the charty and Its govomance and objectives
- Latsst set of a¢counts ond budget for th• currerrt finandal yoar
- IAinutes ot previous board meetings
- Sch8m& of delegalon
Standlng flnanclal Instru¢ib)ns and rIsk management reglster
- Managèment strLKtur& and detarfs of other trustees
- Thg Charity Commission publicauon The Esserthl Trustee- What you need to know, what ycw n•8d to do.,
In addition. new trustees may meet wlth th8 d)air and th9 Chlgf Execulw8 to d￿8$ BRJC* stratogy. obleclives
and currant aclivilles. and have a tourof th8 premises an(J n￿1 the staff. Speclflc training and dèvelopment
needs ¥re addressed in consulta￿n ￿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 ¢harft￿S, 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 y￿r 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 st*em8nls In accordance wlth
tho r8quirements ofthe Charibe$ Aet 2011 {the 2011 A¢ti.
I rgport in respect of my examinal*Jn of the ¢harfVs financial stat&m6nts carrted out undar section 145 of thg 2011
Act. In ￿ryIng out my ox8mSna￿On I have follo￿d 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 reqUI￿d by section 130 of the 2011 Act., or
the flnancial 5t4t@ments do not accord wlth Ihos6 records., or
tha finand81 gtst8mants do not ￿M￿lY 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 considts￿d 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 y￿r
Unrtstrfcted Ro$trl¢ted
funds
tund8
2024
2024
Total
Total
2024
2023
om• from..
Donats.￿S and1894cies
Chwilabte activlljes
93,126
19,774
93.126
19,774
125.204
40,132
Total IncomB
112,9)0
112.900
165.336
ndltur• on:
Charft8ble activ￿e6
89.918
55.232
145.150
123,491
Nèt incomelloxpenditurel for tho yoarf
Not movemfrnt In funds
22.982
(55,2321
132.2501
41,845
Fund balanc&$ 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 COn￿nUIng 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 activit￿8
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 acti￿tI￿S 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
cr￿￿Ors.. 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 In￿Me 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 $18lem&nts have been prOpa￿d in accordance wdh the charitys deed of trust, the Charities Act
2011, FRS 102 'Th8 Flnanclal Reporting Standard applicable in the UK and R8public of Irdand. I'FRS 102"}
and tho Charitles SORP "A¢¢ounting and Reporting by Charities.. Statement tsf Recommended Pr8¢t6cg
applicabl8 to charitr'es preparing Ihoir accounts in aocordance with the Financial Roporting Standard
appllcable in Ihe UK and Republic of Irdand {FRS 1021"1off$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 Invo￿ed folloMYng the Statement of
R8commènded Practice for charities app￿ng 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$1 £.
The finaTToal statements hav& bggn pifjpar8d undar th8 historical Ix)st convention. Th¥ prinapal accounllng
policies adopted are set OErt below.
12 Golng concom
Al the tim& of appro￿ng th8 financlal statements, th8 trustees have a reasonable expectauon that the charity
has adequate rescgjrces to conts"nu& in operational oxistencE for the foweeable ftjture. Thus the truBtee8
ntinue lo ailopt the going concern basi5 of accounts.ng in prtrparing the finBnaal statements.
IJ Charltable fund$
Unre6trtd8d funds ar8 awdilable for vse at the diBcrellon of the tnJ8tea8 in fvrtheranco of th￿r 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 indUd￿j in lh8 Statement of Financkql Activllie5 on a recelvable basis. The balance of income
reCe￿ad 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 re￿gnitIon 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
Ac￿UntIng 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$es where tho offgr Is
condltional, such grants belng r8eognlsed as Èxpèndllure when thè conditions altachlng are fuifiled. Grants
offered subject lo conditions vthi¢h havg not ￿en mel al the year end date are I￿ted 88 s cKjmmib￿￿t
ol accrued 09 expendlbJr6.
All eXp￿diture is induslve of irrecoverab￿ VAT.
1.6 Tanglble Ilxed ass•ts
Tangitle fixsd assets ar8 ￿l￿.8J1Y measur9d at cost and subsgquenuy meosured at cost or ￿luatiOn, nel of
deprec18don 8nd any Impzlrment losses.
Depreuation is 18cognlsed so os to ￿te off the Cost or valuailon (K assets less their Trsiduaf values over thair
usgfvl live6 on th• folowwjg bas98:
Flxlur8s and fftllng$
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 retirem￿1 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&glstra*ton 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
InSurar￿e
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
N￿e of the Irvstees lor any persons connected ￿th tt*ml ￿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 M￿thlY 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 &M￿oyeeS 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
P￿paymentS 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 Un￿strICted funds of the charity comprise the unexpended ba18nces of donations and grants which are
not subject lo s￿￿fiC 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-