2022-03-31-accounts - Lambton Street Youth & Community Hub

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					Page
Trustees' annual report (incorporating		the	director's	report)
Independent examiner's report	to the	trustees
Statement offinancial activities	(including		income and
expenditure account)
Statement offinancial position					10
Statement ofcash flows					12
Notes to the financial statements					13

The trustees,	The trustees,	who are	also the	directors for the purposes	directors for the purposes	directors for the purposes	ofcompany	law, present their report and the
unaudited	financial statements			ofthe charity		for the year	ended 31 March 2022.
Reference	and administrative			details
Registered		charity name		Lambton Street Youth			a Community	HUB
Charity registration number				1171698
Company	registration		number	09366492
Principal office and registered				25 Falkland		Road
office				Sunderland
				SR4 6XA
The trustees
				G Bunting			(Resigned 9 May 2021)
				A Callaghan
				A Brewis
				A M Richardson PJ Burnip			(Resigned 9 May 2021)
				D N Sheriff
				J Ford
Independent		examiner		Censis
				Exchange	Building
				66 Church		Street
				Hartlepooi
				TS24 7DN

				2022		2021
			Unrestricted	Restricted
			funds	funds	Total funds	Total funds
		Note		6		6
Income and endowments
Donations and legacies Charitable activities Investment income		5 6 7	5,251 64,127 2,627	78,014	83,265 64,127 2,627	112,381 38,298 2,652
Total income			72,005	78,014	150,019	153,331
Expenditure
Expenditure on charitable	activities	8	91,648	71,571	163,219	129,885
Total expenditure			91,648	71,571	163,219	129,885
Net (expenditure)lincome			(19,643)	6,443	(13,200)	23,446
Transfers between funds			8,795	(8,795)
Other recognised gains and losses
Gains from revaluation offixed assets			8,812		8,812	13,565
Net movement in funds			(2,036)	(2,352)	(4,388)	37,011
Reconciliation offunds
Total funds brought forward			361,161	193,586	554,747	517,736
Total funds carried forward			359,125	191,234	550,359	554,747

				2022	2021
			Note	6
Fixed assets
Tangible fixed assets			13	176,734	183,910
Investments			14	94,182	85,370
				270,916	269,280
Current assets
Debtors			15	6,974	4,409
Cash at bank and in hand				276,247	284,622
				283,221	289,031
Creditors: amounts	falling due within one year		17	3,778	3,564
Net current assets				279,443	285,467
Total assets less current		liabilities		550,359	554,747
Net assets				550,359	554,747
Funds ofthe charity
Restricted funds				191,234	193,586
Unrestricted funds:
Revaluation reserve				76,272	67,460
Other unrestricted	income funds			282,853	293,701
Total unrestricted funds				359,125	361,161
Total charity funds			19	550,359	554,747

			2022	2021
			6
Cash flows from operating	activities
Net (expenditure)/income			(13,200)	23,446
Adjustments for.
Depreciation oftangible fixed assets			10,501	10,578
Other interest receivable and similar income			(2,627)	(2,652)
Accrued expenses/(income)			3,614	(3,865)
Changesin:
Trade and other debtors			(6,047)	418
Trade and other creditors			82	(49)
Cash generated from operations			(7,677)	27,876
Interest received			2,627	2,652
Net cash (used in)/from operating activities			(5,050)	30,528
Cash flows from investing	activities
Purchase oftangible assets			(3,325)
Net cash used in investing activities			(3,325)
Net (decrease)/increase in cash and cash Cash and cash equivalents at beginning		equivalents ofyear	(8,375) 284,622	30,528 254,094
Cash and cash equivalents	at end ofyear		276,247	284,622

value, over the	useful economi	c life ofthat asset	as f
Long leasehold	property	2%straight	line
Fixtures and fittings		25% straight	line
Motor vehicles		25% straight	line

				Unrestricted	Restricted	Total Funds
				Funds 6	Funds f	2022 6
Donations
Donations				859	59	918
Grants
BBCChildren	In	Need			10,000	10,000
Sir John Priestman					3,300	3,300
Sunderland City		Council			11,324	11,324
Sit Tom Cowie					9,754	9,754
Sundelrand All	Together				13,769	13,769
Together for Children			Summer		3,120	3,120
Street Games					4,000	4,000
Awards for All					10,000	10,000
Small Business	Rates		Relief	4,000		4,000
Job Retention	Scheme			392		392
Operation Payback					2,688	2,688
Community Foundation			- Rosline		10,000	10,000
				5,251	78,014	83,265
				Unrestricted	Restricted	TotalFunds
				Funds	Funds	2021
				6	6	6
Donations
Donations				711		711
Grants
Sunderland City Council					320	320
BBCChildren In Need					9,982	9,982
BGLGroup				2,000		2,000
Garfield Weston				5,000		5,000
Youth Investment		Fund			8,818	8,818
Awards for All					8,855	8,855
Small Business	Rates		Relief	25,000		25,000
Job Retention Scheme				35,088		35,088
Community Fund					10,000	10,000
Gentoo Aspire					497	497
Rise North East					2,810	2,810
Sir John Priestman					3,300	3,300
				67,799	44,582	112,381

Charitable activities
	Unrestricted	Restricted	Total Funds
	Funds	Funds f	2022 f
Lambton -Street Dance	1,040		1,040
West Area Youth Activities
Room hire	34,025		34,025
Subscriptions	26,603		26,603
Other	135		135
Good Vibes
Tuck Shop	2,324		2,324
	64,127		64,127
	Unrestricted	Restricted	Total Funds
	Funds f	Funds f	2021
Lambton -Street Dance	1,000		1,000
West Area Youth Activities		2,048	2,048
Room hire	27,523		27,523
Subscriptions	4,144		4,144
Other	656		656
Good Vibes		2,396	2,396
Tuck Shop	531		531
	33,854	4,444	38,298

			Unrestricted	Funds	Unrestricted	Funds
			Funds f	2022 f	Funds f	2021 f
Bank	interest	receivable	6	6	28	28
Other	interest	receivable	2,621	2,621	2,624	2,624
			2,627	2,627	2,652	2,652

Expenditure on char	itable activ	ities by fund	type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			6	6	E
General Fund			90,794		90,794
West Area Youth Activities				8,611	8,611
Sir Tom Cowie Junior Fund BBCChildren ln Need				7,675 14,755	7,675 14,755
Leasehold Improvements SIBMinibus				2,000 422	2,000 422
Sports England/Rise	North East			2,810	2,810
Awards For All				4,824	4,824
Rosline Foundation Fillipino Com Street Games		munity		4,720 1,561	4,720 1,561
Health is Wealth				940	940
SirJohn Priestman				1,565	1,565
Good Vibes Project				13,026	13,026
Gentoo Aspire				497	497
Sunderland All Together				3,315	3,315
Streetz Dance			854		854
High Sheriff				160	160
Community Foundation				4,166	4,166
Sunderland CC Basketball				524	524
			91,648	71,571	163,219
			Unrestricted	Restricted	Total Funds
			Funds f	Funds 6	2021
General Fund			102,121		102,121
Kans Kandy				2,500	2,500
West Area Youth Activities				2,048	2,048
Ballinger Trust				1,667	1,667
BBCChildren ln Need				3,448	3,448
Leasehold Improvements SIBMinibus				2,000 563	2,000 563
Youth Investment Fund				568	568
Awards For All				5,036	5,036
SirJohn Priestman				1,521	1,521
Good Vibes Project				2,396	2,396
Community Foundation				5,834	5,834
Sunderland CC Basketball				183	183
			102,121	27,764	129,885

9.	Net (expenditure)/income	Net (expenditure)/income
	Net (expenditure)/income			is stated after charging/(crediting):
						2022	2021
						6	E
	Depreciation	oftangible	fixed assets			10,501	10,578
10.	Independent	examination		fees
						2022	2021
						6
	Fees payable	to the independent			examiner for:
	Independent	examination		ofthe	financial statements	900	900

Staff cos	ts	ts	ts
The total	staff costs and employee			benefits for		the reporting	period are	analysed as follows:
								2022 f	2021
Wages and salaries								94,403	89,397
Social security costs								737	477
Employer	contributions	to pension		plans				5,361	1,257
								100,501	91,131
The average head count of employees					during	the year was	10(2021:	13).The average	number
offull-time	equivalent	employees	during		the year is analysed		as follows:
								2022	2021
								No.	No.
Charitable	activities							10	12
Management &administration								1	1
								11	13

13	. Tangible fixed assets
		Long
		leasehold	Fixtures and	Motor
		property	fittings	vehicles	Total
			F		f.
	Cost
	At 1 April 2021	200,000	72,256	30,000	302,256
	Additions		3,325		3,325
	At 31 March 2022	200,000	75,581	30,000	305,581
	Depreciation
	At 1 April 2021	38,000	52,035	28,311	118,346
	Charge for the year	2,000	8,079	422	10,501
	At 31 March 2022	40,000	60,114	28,733	128,847
	Carrying amount
	At 31 llllarch 2022	160,000	15,467	1,267	176,734
	At 31 March 2021	162,000	20,221	1,689	183,910
14.	Investments
					Other
					investmentsf
	Cost or valuation
	At 1 April 2021				85,370
	Additions
	Fair value movements				8,812
	At 31 Ilarch 2022				94,182
	Impairment
	At 1 April 2021 and 31 March 2022
	Carrying amount
	At 31 March 2022				94,182
	At 31 March 2021				85,370
	All investments shown above are held at valuation.

Debtors
		2022 f	2021 f
Trade debtors		6,380	200
Prepayments	and accrued income	494	4,109
Other debtors		100	100
		6,974	4,409

The cash at ban	k and	in hand ofthe charity at the year end a	mounts to:
			2022	2021
			6
Current Account			156,017	165,455
Deposit Account			31,112	33,553
COIF Charities	Deposit Fund		85,371	85,370
Cash			3,747	244
			276,247	284,622
Creditors: amounts		falling due within one year
			2022 f	2021
Trade creditors			117	90
Accruals and deferred		income	1,783	1,651
Social security and other taxes			1,146	1,125
Other creditors			732	698
			3,778	3,564

Analysis of	charita	b	le funds
Unrestricted	funds
			At				Gains and	At
		1 Apr 2021 6		Income F	Expenditure	Transfers 6	losses 31 F	Mar 2022 6
General fund Revaluation			176,717	72,005	(91,648)	8,795		165,869
reserve Replacement			67,460				8,812	76,272
Minibus Replacement	of		36,800					36,800
inefficient heating
system Purpose built			15,184					15,184
studio			65,000					65,000
			361,161	72,005	(91,648)	8,795	8,812	359,125
			At				Gains and	At
		1	Apr 2020	Income	Expenditure	Transfers	losses 31	Mar 2021
			F.	6	6	6	F
General fund Revaluation			174,533	104,305	(102,121)			176,717
reserve Replacement			53,895				13,565	67,460
Minibus Replacement	of		36,800					36,800
inefficient heating
system Purpose built			15,184					15,184
studio			65,000					65,000
			345,412	104,305	(102,121)		13,565	361,161

Restricted		funds	funds
				At				Gains and	At
				1 Apr 2021 f	Income 5	Expenditure	Transfers f	losses 31 Mar 2022 f
BBCChildren			In
Need				14,059	10,000	(14,755)			9,304
Awards for		All		3,819	10,000	(4,824)			8,995
West Area		Youth
Activities					9,164	(8,611)	(700)		(147)
Rosline
Foundation
Fiilipino
Community					10,000	(4,720)			5,280
Street Games					4,000	(1,561)	(1,575)		864
Small Grants				888		(160)			728
Leasehold
Improvements				162,000		(2,000)			160,000
SIBMinibus				1,689		(422)			1,267
Sir Tom Cowie
Charitable	Trust				9,754	(7,675)			2,079
Operation	Pay
Back					2,688				2,688
Sunderland		CC
Basketball				137	2,160	(524)	(1,636)		137
SirJohn
Priestman				3,521	3,300	(1,565)	(1,689)		3,567
Sunderland		All
Together					3,179	(3,315)			(136)
Good Vibes
Project					13,769	(13,026)			743
Health Is Wealth						(940)	(3,195)		(4,135)
Community
Foundation				4,166		(4,166)
Rise North	East			2,810		(2,810)
Gentoo Aspire
Grant				497		(497)
				193,586	78,014	(71,571)	(8,795)		191,234

		At				Gains and	At
		1 Apr 2020 E	Income	Expenditure E	Transfers	losses 31 Mar 2021 6 f
BBCChildren	In
Need Awards for All Kans Kandy West Area Youth		7,525 2,500	9,982 8,855	(3,448) (5,036) (2,500)			14,059 3,819
Activities			2,048	(2,048)
Small Grants		888					888
Leasehold
Improvements SIBMinibus Ballinger Trust		164,000 2,252 1,667		(2,000) (563) (1,667)			162,000 1,689
Youth Investment
Fund SirJohn		(8,250)	8,818	(568)
Priestman Good Vibes		1,742	3,300	(1,521)			3,521
Project			2,396	(2,396)
Community
Foundation Rise North East Sunderland CC			10,000 2,810	(5,834)			4,166 2,810
Basetball Gentoo Aspire			320	(183)			137
Grant			497				497
		172,324	49,026	(27,764)			193,586

20.	Analysis ofnet as	se	ts between funds
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
				f	F	f.
	Tangible fixed assets			15,467	161,267	176,734
	Investments			94,132		94,132
	Current assets			253,304	29,967	283,271
	Creditors less than	1	year	(3,778)		(3,778)
	Net assets			359,125	191,234	550,359
				Unrestricted	Restricted	Total Funds
				Funds F	Funds F	2021 f
	Tangible fixed assets			20,221	163,689	183,910
	Investments			85,370		85,370
	Current assets			259,134	29,897	289,031
	Creditors less than	1	year	(3,564)		(3,564)
	Net assets			361,161	193,586	554,747
21.	Analysis ofchanges		in net debt
						At
				At 1 Apr 2021 F	Cash flows f	31 Iylar 2022 f
	Cash at bank and in	hand		284,622	(8,375)	276,247