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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|
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|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|||||
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|||||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|
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|||||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|
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||||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|
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|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|
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|||||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|
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|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|
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||||Unrestricted|Total|Funds|Unrestricted|Total|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|
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|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|
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|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|
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|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.|||||
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|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|
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|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|
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|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|
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|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|
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|||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|
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|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|