QEGI&Tft COMPANY REGISTRATION NUMBER: 09366492 CHARITY REGISTRATION NUMBER: 1171698 Lambton Street Youth & Community HUB Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 Chartered accountants 19 Tremaine Close Hartlepool TS27 3LE 'AEBC3M8R• 1810912025 COMPANIES HOUSE A12
Lambton Street Youth & Community HUB Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees, annual report {incorporating the directorfs report) Independent examiner's report to the trustees ststement of.financial activities (including income and expenditure account) 10 Statement of financial position 11 Statement of cash flows 13 Notes to the financial statements 14
i) Lambton Street Youth & Community HUB Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Directorfs Report) Year ended 31 March 2025 The trustees, who are also the direclors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and admlnlstratlve detalls Reglstored charlty nam• Lambton Stre81 Youth & CommunSty HU8 Charity registration number 1171698 Company reglstration number 09366492 Prlnclpal office and reglst•red 25 Falkland Road offlce Sunderland SR4 6XA The trustees A Brewis P J 8urnip A J Clemente J Ford E Knowles C Burnlkell A Carmody A Callaghan (Appointed 1 April 2025) (Resigned 11 April 2024) Ind?pend•nt examln•r Julie Todd Tremaine Chartered Certlfied Accountant 19 Trernaine Close Hartlepool TS27 3LE
Lambton Street Youth & Community HUB Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnuod) Year ended 31 March 2025 Structure, governanc• and management Incorporatlon The company was incorporated on 23 December 2014 and Is governed by its memorandum and artlcles of associatlon. The company is registered with the Charity Commission of England & Wales, regislration number 1171698. Prior to incorporation the organisation was registered with the Charity Commission. registration number 230484. Chang• of Company N3m• The company changed Its name from Lambton Street Youth Centre Limited to Lambton Street.Youth & Comrnunity Hub on 28th Aprll 2018 The Trustee Board is responsible for the overall management and operation of the Youth Centre. Trustees are elected at the Annual General Meeting, and can be seconded to the board at anytime throughout the year at an Ordinary Management Meeting. Trustee Inductlon and Tralnlng Most trustees are already familiar with the work of the Centre, haifjng been involved in 50m8 aspects of Its varlous programmes. At the first Management Committee meeting of any new trustee, Ihey are advised of all aspects of the charity and the context within whlch it operates. includlng.. The obligations of Trustees and Management Commtttee mernbers The main docurnent that governs the operatlon of the Centre Resourcing and the current financial position as set out in the latest published accounts An Informatlon pack has been prepared for dlstrlbution to new trustees contalnlng Charity Commlsslon publications, as well as copy of tha Scheme document and the latest financial statements.
Lambton Street Youth & Community HUB Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) (conllnu•d) Year ended 31 March 2025 Objectives and activiths Lambton Street Youth & Community Hub is a voluntary organisation founded in 1901. It. is managed. by an elected management Committee who has overall responsibility for the project. The Committee employs a Centre Manager who is a qualrfied Youth & Community vrker. The Manager reports to the Managemenl Committee on a monthly basis. A worke¢s report is produced which contains details of operational issues and indicators of performance l outputs achieved. The Centre has experience of working with many funders and organisations and the fact it has been in 8xlst8nce for 123 years is testament to the work of the Management Committee and their ability to sustsin the development of the Centre The alms and ob}ectlves of Lambton Street Youth & Community Hub are: To act as a community resource for individuals living in the City of Sunderland by providing advice and assistsnce and organi5ing programmes of physical, educational and other activities as a means of: Advancing in life and helping individuals by developing their skills. capacits'es and capabilities to enable them to particlpat8 In soclely as Indapendent. mature and responsible indivlduals., Advancing 8ducalion; Provldlng recreational and leisure time activity In the Interests of social welfare for Inhabltanls of the Area ol Benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstsnces with 8 view to improving the conditions of life of such persons The project achieves these objectives through centre based aclivities. The Centre provides a base resource for Staff and Volunteers lo deliver a wide range of activities In accordance wlth the aims and objectives of the Centre. The Centre works for the benefit of socially excluded groups within the community which include people of low social & economic status. unemployed. ethnic minorities. people with disabilities & mentsl illness Health & WelbeIng within the community plays a rnajor part of the ethos within the Cenlre's aims and objectives. A wide range of structured sports, social and informal educalonal activity is offered to engage young people, and people of the wlder community encouraging parti¢lpalion and communlty ohesion enabling them to experience learning opportunities whtch will also enhance personal & social development. Strategi¢ report The following sections for achievements and perfomance and financial review fom) the strategic report of the charlty.
Lambton Street Youth & Community HUB Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ondnuedJ Year ended 31 March 2025 Achlevements and perfomlan Youth Commltteo We have 6 young volunteers of school age. They are an integral part of our youth Vrk programme. They represent thelr peers, giving young people a voice and say in the development of the Centre. Empowering young people and providing them wilh the necessary skills and support enables them to have a sense of belonging and an input into their youth centre. This valued service is an asset to our delivery of youth seryices as well as a tool of personal & social development for our team of young comrnittee members. Hollday Acllvltle• The school holiday activlty programmes focus on the govemmenl Hollday and Food inillatlve. ThSs Is aimed al school age young people on free school meals. however the Cenlre decided to feed all attendees as there are many young people in work poverty. We did not want to discriminate or label young people. Each young person was offered a healthy meal and snack. activities included sports, general youth club and crafts. Alongside this, w8 ran healthy eating sessions, flrst ald skills & emergency heart stsrt. Duke of Edinburgh Award Tha Centre is a designated D of E Award Centre. The D of E Award is almed at 1*year-olds- 25-year- olds and is Ihe world's leading accreditation programme that builds on young people's key skills. This is run by a team of adult volunteers that are all qualffied Outdoor Activity Instructors. The team have engaged with young people from, our sports sections. street dance. boxing, karate & the Cenlre's youth committee and have worked in partnership with the City of Sunderland targeting local Schools. Good Vlbes Project Working in Partnership with Sunderland Altogether Consortium a collective of eight of the major youth projects In and across the City of which the Centre is a member. The National Lottery has for the second time provided funding for our Centre's to run a Youth Session with both Youth Workers & a qualified Counsellor to work alongside young people. Thls has been a fantastic serrfice & now it is in its fifth year. Each youth project runs one night alternatively. Our session wns on a Thursday evening. Young people can speak with a counsellor in the session or book an appointment with the counsellor to discuss any problems or issues they are struggling with in a quiet room in complete confidentialty to get help and support. The rise in mental health issues among young people is on the increase. This service is a great tool. School Group Local Link schools are using the Lambton Street Youth and Community Hub for PE sessions, offering schools a wealth ol value, far beyond just access to facilities. Offering a wide range of sports-from boxing and football to gym sessions helps pupils develop coordination, strength, and confidence. Sessions expose students to diverse environments, encouraging adaptability and social growih. Regular use of the centre fosters relationships between schools and local youth sèrvices. creating more cohesive support. neiwork for young people. West Youth Actlvltlé8 ProJe¢t The Councilk)rs in the Sunderland West Area have provided funding to run Youth Club sessions 4 evenings per week for young people aged 10-19 years. The aim of the project is to keep young people engaged and away from anti-social behaviour. These sessions are very well attended by local young people.
Lambton Street Youth & Community HUB Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnued) Year ended 31 March 2025 Junlor Club A need was idenlified for junior provision as many juniors were attempting to attend the older youth club on varlous nights of the week. Funding was found from the National Lottery to set up a Junlor Club fvlice a week for younger children aged 8 - 10 years. 11 is very well attended. Further funding has been found from the Roseline Trust to continue this valuable provision for another year. Football Football coaching is a popular activity in the Centre. We hold two coaching sessions per week. One for 8yrs to 11yrs & 12yrs -16yrs. We have been very successful with achIng local football teams and passing the young players on who have reached a stsndard of skill and oMfidence that has won them a regular place in a local team. Boxlng The boxing seclion has continued to flourish and grow durlng the past season. There has been a surge of females taking up competitive boxing and over this pasl year shown they are as equally talented as their male peers. They team have hosted two fund ralsing boxing tournamenls raising funds over £4,000. The club also paid heartfelt tribute to Gary Buntlng, its beloved head coach who passed away in May 2024. Gary dedicated four decades to Lamblon Street ABC, mentoring hundreds of young boxers and transforming the gym into a true community hub, His influence exlended far beyond tho ring, instilling discipline, resilience. and a sense of belonging in every young person who walked through ihe doors. Karate Over the past year SKA has restructured and solely train at LSYC on Mondays & Wednesday evening wllh an average of 30 Students taking part. The group have had three grading Award events held in the centre with a 1000fi pass rate. Instructors have also attended a number of coaching & grading courses over the year lo deliver high standards in a safe environmenl. Basketball Another very successful year for the leams recognlsed by Basketball England as Lambton Raptures. They have numerous teams now playing in the Durham League from under 12's through to under 18's and an adult senior team. Basketball has now been divided into Iwo different categories due to increased numbers attending and the costs involved for the youngsters. There is the competitive teams known as the Larnbton Raptures run by Arnel Clemente and a separate grassri)ots Junior session run by another volunteer to ensure all yK)ung people have the opportunity to be involved.
Lambton Street Youth & Community HUB Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢onllnu•dJ Year ended 31 March 2025 Achlevements and perforniance (conllnu Street Dance Young people from age 8-25 participate in dance activities, they have entered many cornpetitions over the year, Senlors and Juniors holding Northeast titles at the UK street dance championships. Lambton Streetz Street Dance Project has had a dynamic and empowering year. bringing rhythm, confidence, and community spirit to young dancers across Sunderland. Crews like Genesis and Reverence repr8sent8d Lambton Street at events like Alton Towers 2024 and the Sunderland Young Achievers Awards. earning pralse for Ihelr talent and teamwork. They also performed .at Pride In the Cty. showcasing inclusive choreography and community pride. Music Project The Lambton Street Music Project has had a vibrant and empowering year In 20251 In partnership with We Make Culture, thelve delivered free weekly mustc sessions for young people aged 11-19 at Lambton Street Youth & Community Hub. Weekly sessions every Thursday from &7pm. led by professional muslcians. wh8re young people explore slnging, song wrlting. and playlng instruments no experience needed, just enthusiasm. DJ Club launched alongside the music project, offering hands-on experienc8 with DJing and electronic music production, guided by DJ and producer Jamal Graham, who was a member of Lambton Street as young person. Young people get to experiment with mixing. beat matching, and sound design using professional equipment. They can explore different genres. develop thelr style. and even produce original tracks. Sportlsm The Sportism Project at Lambton Street has had an energising year, using sport a$ 8 tool for inclusion, wellbeing, and youth empowerment for young people with Autism. Oelivering incluslve sports sessions for young people aged 11-19, indudtng football, basketball, boxing. and fitness. Focused on fun, partlclpalion, and teamwork-not just competition.
Lambton Street Youth & Community HUB Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (conllnu•dJ Year ended 31 March 2025 Finan¢lal roview Reserves Pollcy and R18k Management It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity, at a level which equates to approximately six to Iwelve months unrestricted expendltLsre. This provides sufficient funds to cover management and administration and support costs and to respond to emergencies. The tangible fixed assets have increased considerabty to £838,681 due to a large amount of building work to the centre with extensions and refurbishments of the existing bulldings. This has been achleved by large grants from the Youth Investment Fund provided by gov8mment departments. This will enable the cenlre to continue dellverlng its service to the local to the local young people and ommunity for the next 20 years. As a result of the above the unrestricted resep4es of the charity at 31 March 2025 amounted to £1,205,171 of which free reserves (1.8. those not tied up in fixed assets and deslgnaled funds) amounted lo £311.812. The trustees have revlewed the free reserves and conslder that the followlng funds should be set aslde and designated to: funding for replacing heating system in sports hall - £45,000. funding for new external all weather sports area with floodlights - £100,000 funding for possible redundancies - £30,000 funding qUired to offset loss of revenue over the next 2 years from the Police as th8y have lerminaled their contract - £50,000 After designated funds of £225,000 and Fixed Assets the remaining free reserves of the charity amount to £86,812 the trustees consider this is to be sufficient to cover support costs, management and administratlon and to respond lo emergency applications for grants which arise from lime to time, Reserves are vital to ensure that the charity has the capaclly to find allernative funding and support the charitys obligations when lunding is paid in arrears pendlng defraent of expenditure. Settlement of such costs can often range from 1 to 3 months before fundlng is received. The trustees actively review the major risks which the charity face on a regular basis and believe that maintaining our free reseNes at the levels stated al)ove, will provide sufficient resources in the event of adverse conditlons. The trustees, annual report and the strateglc report yre approved on 4 August 2025 and signed on behalf of the board of trustees by: slee
Lambton Street Youth & Community HUB Company Limited by Guarantee Independent Examlnerfs Report to the Trustees of Lambton Street Youth & Community HUB Year ended 31 March 2025 I report to the truslees on my examination of the financial statements ol Lambton Street Youth & Community HUB (Ihe charity) for Ihe year enoed 31 March 2025. Rosponslbllltle8 and basls of report As the twstees of the company (and also its directors for the purposes of cornpany law) you are responsible for the preparation of the financial stat8m8rits in accordance with the requirements of the Compantes Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Acl and are eligible for independent examination. I report in respect of my examination of the charitls accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 A¢t'). In carrying out my examination I have followed the Directions given by the Charity Commission under s8clion 145(5){b) of Ihe 2011 Act. Independent examlnerfs staternent Since the charitls gross incorne exceeded £250,000 your exarniner must be a member of a body listed in section 145 of the 2011 Acl. I confirm Ihat l am qualified to undertake the examinatlon because l am a member of the Assoclatlon of Chartered Certlfied Accountants, whlch is one of the listed bodies. I have completed my examin8llon. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe.. accounllng records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do nol accord wlth those records; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirernent that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounts'ng and reporting by charities applicable to charltles preparlng thelr accounts In accordance wllh the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Lambton Street Youth & Community HUB Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Lambton Street Youth & Community HUB (¢on&nu•d) Year ended 31 March 2025 I have no concems and have come across no other rnatters in connection with the examination to wthlch attentlon should be drawn in thls report In order to enable a proper understandin9 of the accounts to be re ched. Julie Todd Tremaine Chartered Certified Accountant Independent Examiner 19 Trernainè Close Hartlepool TS27 3LE 5 Au9usI 2025
Lambton Street Youth & Community HUB Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Total funds 2024 Unrestricted funds Total funds Nots Income and endowments Donations and ga¢le$ Charitable activities Investment income Other income 15,698 60.257 4.488 1,788 82,231 132.673 50.639 148.371 110.896 4.488 1,788 265.543 847,782 98.385 5.425 28,410 980,002 Total income 183.312 Expendlture Expenditure on charltable activrties Total exp•nd5tur• 89.159 89,159 146,802 146,802 235.961 235,961 229.974 229,974 N•t Income (6,928) 36.510 29.582 750,028 Transfers bebNeen funds 93,516 (93,516) Other recognised gains and losses Gains from revaluation of fixed assets 6,360 756,388 Not movement In funds 86.588 (57.006) 29,582 Reconclllatlon of funds Total funds broughl fopward Total fund8 carrl?d forward 1,118.583 244.205 1,362,788 1.392,370. 606,400 1,362,788 1,205,171 187.199 The slatement of fin8ncial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 14 to 27 forni part of these financlal staternents. 10
Lambton Street Youth & Community HUB . Company Llmlted by Guarantee Statement of Financial Position 31 March 2025 2025 2024 Note Flxed assets Tangible fixed assets 14 1,047,359 937,185 Current asset8 . Debtors Cash at bank and in hand 2.185 347.375 1,744 427,755 429,499 349.560 Credltors: amounts lalling due within one year Net current as8ets 17 4.549 3,896 345,011 1,392,370 1.392,370 425,603 Total assetsloss current Ilabllltle8 1,362,788 1,362,788 Net asset• Funds of the charlty Restricted funds Unrestricted funds: Other unrestricted income funds 187,199 244,205 1.205,171 1.205,171 19 1,392,370 1,118,583 1,118,583 1,362.788 Total unrestrfcted funds Total charlty funds For the year endlng 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Oirectors, responsibilities.. The members have rK)I required the company to obtsin an audit of its financial statements for the year in question in accordance wilh section 476; The directors acknowledge thelr responsibilities for complying with the requirements of the Act with respect to accountlng records and the prep8r81ion of financial statém8nts. These financial statements hav8 be8n prepared in accordance with the provisions applicable to companies subject lo tha small companles, reglrnè. The statement of financial position continues on the following page. The notes on pages 14 to 27 fomi part of th?se flnanclal ststomonts. 11
Lambton Street Youth & Community HUB Company Limited by Guarantee Statement of Financial Position (continuedj 31 March 2025 These financial slatements were approved by the board of trustees and aulhorlsed for Issue on 4 August 2025, and are signed on behalf of the board by.. Trustee The notès on pagès 14 to 27 form part of these flnanclal statomonts. 12
Lambton Street Youth & Community HUB Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2025 2025 2024 Cash flows from op•ratln9 actlvltl08 Net income 29,582 750.028 Adjustments lor., Depreciation of iangtble fixed assets Other interest receivable and similar income Gains on dlsposal of tangible fix8d assets 14,112 (4,4881 {1,788) 9,837 (5.425) Changes in.. Trade and other debtors Trade and other creditors (441) 653 (749) 691 Cash generated from operations 37,630 754.382 Interest received 4,488 42,118 5,425 Net cash from operating actlvities 759,807 Cash flows from Investlng actlvltl•• Purchase of tangible assets Proceeds from sale of tangible assets Proceeds from sale of other investments (124,998) {707,738} 2,500 90,092 (122,498) {617,646} Nel cash used In investing activitles Net (decrease)lincrease In cash and cash equlvalents Cash and cash equlvalents at beglnnlng of year Cash and cash equlvalenls at end of year (80,380) 427,755 347,375 142,161 285,594 427,755 The notes on pages 14 to 27 fomi part of these financial statements. 13
Lambton Street Youth & Community HUB Company Limlted by Guarantee Notes to the Financlal Statements Year ended 31 March 2025 General Informatlon The charity li a publlc ben8fit entity and a private company Ilmited by guarantee, regislered in England and Wales and a reglstered charlty In England and Wales. The address of the registered office Is 25 Falkland Road, Sunderland, SR4 6XA. Statement of compllance These financial statements have been prepared in compliance wilh FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financlal Reportlng Slandard applicable in the UK and Republlc of Ireland (FRS 102) (Charlties SORP (FRS 102)) and the Companles Act 2006. Accounting pollcles Basis of preparation The financial statements have been prepared ,on the hlstorical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through Income or expendllure. The financlal statements are prepared in sterling, whlch is the functlonal currency of the entity. Golng concern There are no materi81 uncertainties about the charltys ability to continue. Judgements and key sources of esllmatlon uncertalnty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are contlnually reviewed and are bas8d on experlence and other factors, Includlng expectations of future events that ar8 beli8v8d to be feasonable under the cir¢umslan¢es. Fund a¢countlng Llnrestricted funds are available for us8 at the discretion of the trustees to further any of the charItS purposes. Designated funds ar8 unrestricted funds earmarked by the trustees for partlcular future project or commitment. Restricted funds are subjecled to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of bNo sUclaSses. restricted income funds or endowment funds. 14
Lambton Street Youth & Community HUB Company Limited by Guarantee Notes to the Financial Statements (¢orttinuod) Year ended 31 March 2025 Accounting policles (conJnuodJ Incomlng r•sourc•8 All Incoming resources are included In the statement of financial activities when entittement has passed to the charlty,. it is probable that the economic benefits associaled with the transaction will flow to the charty and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants Is recognised when there is evidance of entitlement to the gift, receipt is probable and its arnounl can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value ol the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received rf the value can b8 reliably measured. No amounts are Included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there Is a contractual requirement for it to be spent on a particular purpose and retumed if unspent. in which case it may be regarded as restricted. Resources expended Expenditure Is recognised on an accruals basls as a liabillly Is Incurred. Expendllure Includes any VAT which cannot be fully recovered, and Is classified under headings of the statement of rinancial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charilab18 aims for the benefit of its benefieiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on charltable activilies. AIT cosls are allocated to expenditure categories reflecting th8 use of the resource. Direct costs attributable to a single activity are allocated diredy to that activity. Shared costs are apportioned between the activlties they contribute to on a reasonable, justifiable and consistent basls. 15
Lambton Street Youth & Community HUB Company Limlted by Guarantee Notes to the Flnanclal Statements (contlnu Year ended 31 March 2025 Accountlng poll¢les (contlnu•(l) Tangiblo assets Tangible assets are initially recorded at cost. and subsequently stated al cost less any accumulated depreciation and irnpairment losses. Any tangible assets carried al revalued amounts are recordad at the falr value at the date of r6V8luatlon less any subsequent accumulated depreciation and subsequent accumulated impaimient losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for impairment thal has previously been recogni5ed as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case th6 loss is shown within other recognised galns and losses on the statemènt of financial activities. D•prnclatlon Depreciation is calculated so as to write off th8 Cost or valuation of an asset. less its residual value, over the useful economic Ilfe of that asset as follows.. Long leasehold property Fixtures and flttings Motor vehicles 2Yo stralght Ilne 250/0 Straighl lirie 250h straight line Inv•8tm0nts Unlisted equSty investments are Inftially recorded at cost, and subsequently measured at falr value. If falr value cannot be reliably measured, assets are measured at cost less impairment. Llsted Investments are me85ured at falr value wlth changes In falr value belng recognls8d In income or experxliture. Defined contrfbutlon plans Contributions to defined contribution plans are recognised as. an expense in th8 Period in which the related servlce Is provided. Prepald conlributlons are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. Llmlted by guarantee Lambton Street Youth Centre Limited is a company limited by guarantee and accordingly dries not have a share capital. Every member of the company undertakes to contribute such amount as rnay be required not exceeding £1 to the assets of the charltable company in the 8vent of its being wound up while he or she Is a member. or wlthln one year after he or she ceases to b8 a member. 16
Lambton Street Youth & Community HUB Company Limited by Guarantee Notes to the Financial Statements (COfttsnu•d) Year ended 31 March 2025 Donatlons and logacles Unrestricted Funds Restricted Tolal Fund$ Fund8 2025 Donations Donations Gentoo Duke of Edinburgh 13,698 300 1.700 13,698 300 1.700 Grants Youth Investment Fund The National Lottery Communlty Fund Catherine Cookson Sported Clotheworkers Bernard Sunley Community Chest HAF 75,676 16,724 500 3,000 13,500 5,000 2,000 16,273 132,673 75,676 16,724 500 3,000 13,500 5,000 2,000 16,273 148,371 15,698 Unrestricted Funds Restricted Totsl Funds Funds 2024 Donallons Donations Charities Trust 258 1.000 258 1.000 Grants Sunderland City Council Sir John Priestman Youth Investment Fund The Wellsey Trust Other Grant HAF 4,000 4.000 3,500 787,318 9,831 14,803 27.072 787,318 9,831 14,803 27,072 5,258 842,524 847,782 17
Lambton Street Youth & Community HUB Company Limited by Guarantee Notes to the Financial Statements f¢ontinuedJ Year ended 31 March 2025 Charltablo actlvltles Unrestricted Funds Restricted Total Fund5 Funds 2025 Lambton - Street Dance West Area Youth Activities Boxlng Room hire Subscriptions Good Vibes Tuck Shop 4,390 4,390 24.260 4.013 23,962 25,762 26.379 2.130 110,896 24,260 4,013 23,962 25,762 26,379 2,130 60,257 $0,639 Unrestrlcted Funds Restrlcted . Total Funds Funds 2024 West Area Youth Activities Boxing Room hire Subscriptions Other Good Vibes YAP Tuck Shop 22,321 22,321 108 29,162 26,711 5,224 10,923 1,698 2,238 98,385 108 29.162 26,711 5,224 10.923 1.698 2.238 65.141. 33.244 18
Lambton Street Youth & Community HUB Company Limited by Guarantee Notes to the Financial Statements (¢ontlnu•dJ Year ended 31 March 2025 Investment In¢omo Unrestrlcted ToLI1 Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest recelvable 4,488 4.488 5,425 5,425 Othor Incom• Unrestricied Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Gain on disposal of tangible red assets held for charws own use Insurance claim 1.788 1.788 28.410 28.410 28.410 28,410 1,788 1,788 19
Lambton Street Youth & communi.ty HUB Company Limited by Guarantee Notes to the Financial Statements (¢oft¢ln¥•d) Year ended 31 March 2025 Expendltur• on charltable actlvltles by fund typo Unrestricted Funds Restricted Total Funds Funds 2025 General Fund West Area Youth Activities Leasehold Improvements HAF Youth Invastrnent Fund Good Vibes Project Junior Club Welles18y Trust 89.159 89.159 19.136 2.000 16.273 85,420 15.948 4.961 3.064 235,961 19.136 2.000 16,273 85,420 15,948 4.961 3,064 146.802 89.159 Unrestricted Funds Restricted Total Funds Funds 2024 General Fund West Aroa Youth Actlvllies Wesl Neighbourhood Fund Leasehold Improvernenls SIB Mlnlbus HAF Youth Investment Fund Awards For All Warm Spaces Sir John Priestman Sunderfand All Together Good Vibes Project Wellesley Trust Roseline Foundation 89,731 89.731 31.566 2.412 2.000 238 27,072 21,409 3,138 5,188 118 5.577 16,891 9,831 14,803 31,566 2,412, 2,000 238 27,072 21,409 3,138 5.188 118 5,577 16,891 9,831 14,803 89,731 140,243 229,974 20
Lambton Street Youth & Community HUB Company Limited by Guarantee ' Notes to the Flnancial Statements (conflnu•d) Year ended 31 March 2025 10. Nat income Net income is ststed after chargingl(crediting): 2025 2024 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets 14.112 (1.788) 9,837 11. Independent examination fees 2025 2024 Fees payable to the independent examlner for: Independent exarnination of the financial statements 700 700 12. Staff costs The total staff costs and omploye8 benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Social security costs Employer contrlbullons to pen81on plans 120,791 7,433 2,352 130,576 101.220 1.124 29.384 131,728 The average head count of employees during the year was 9 (2024: 9). The average number of full-time equivalent employees during the year is analysed a5 follow5: 2025 No. 2024 No. Charitable activities Management & administration No employee recgivad employea benefits of more than £60,000 durlng the year (2024: NII). 13. Trustee remunerat5on and •xpens•$ No remuneration or olhef benefits from employment with the chaiity or a related entity were received by the trustees. 21
Lambton Street Youth & Community HUB Company Limited by Guarantee Notes to the Financial Statements (contlnu•d) Year ended 31 March 2025 14. Tangible flxed as8els Long leasehold Flxtures and property fittings Mot(x vehicles Total Cost At 1 April 2024 Additions Disposals At 31 March 2025 968.323 70,358 89.221 1.218 30,000 53,422 (30,000) 53,422 1.087,544 124,998 (30,000> 1,182,542 1.038,681 90.439 Depreclatlon At 1 April 2024 Charge for the year Disposals At 31 March 2025 44,000 2.000 77.071 8.773 29.288 3,339 (29,288) 3,339 150.359 14,112 (29,288) 135.183 46.000 85.844 Carrylng amount At 31 March 2025 992,681 924.323 4.595 50,083 712 1,047,359 937,185 At 31 March 2024 12.150 15. Debtors. 2025 2024 Trade debtor8 Prepayments and accrued income Other debtors 750 1,335 100 910 734 100 2,185 1.744 16. Cash and ca•h equlvalents The cash at bank and In hand of the charity at the year end amounts to: 2025 2024 Current account Deposit account Cash 76,060 270,682 633 233,997 193,616 142 347,375 427,755 22
Lambton Street Youth & Community HUB Company Llmited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2025 17. Credltors: amounts falling due within one year 2025 2024 Trade credilors Accruals and deferred incA)me Social security and other taxes Other creditors 121 700 2,944 784 782 700 1.630 4.549 3,896 18. Penslons and othor post retlrement beneflts D•fln•d cofttrlbutlon plans The amount recognised In income or expenditura as an expense in relation to defined contribution plans was £2,352 (2024: £29,384). 23
Lambton Street Youth & Community HUB Company Limlted by Guarantee Notes to the Financial Ststements Imnllnu Year ended 31 March 2025 19. Analysis of charitsble funds UnroslrlGted funds At 1 Apr 2024 Gains and At losses 31 Mar 2025 Income Expenditure Transfers General fund Property captial fund Replacement Minibus Replacement of inefficient heating system Purpose buitt studio Redundancy Fund Loss of Future Revenue New external all weather sports area with floodlights 198,747 82,231 (89,159) (55,042) 136.777 773,036 70.358 843.394 36,800 (36,800) 30,000 1 5,000 45.000 30,000 30.000 50.000 50.000 100,000 93,516 100.000 1.118.583 82.231 {89.159) 1.205.171 At 1 Apr 2023 Gains and At losses 31 Mar 2024 Income Expenditure Transfers General fund Property captlal fund Revaluation reserve Rep18cement Minlbus Replacement ol inefficient heating system Purpose buili studio Redundancy Fund L05s of Future Revenue 206,861 104,234 {89,731) (22,617) 198.747 773,036 773.036 65,822 (72,182) 6,360 36,800 36.800 15,184 14,816 30,000 65,000 {65,000) 30,000 30,000 50,000 so.000 389,667 104.234 (89,731) 708,053 6.360 1,118,583 24
Lambton Street Youth & Community HUB Company Limited by Guarantee Notes to the Financial Statements (¢onllnuJ Year ended 31 March 2025 R•$tri¢t¢d funds At 1 Apr 2024 Gains and At losses 31 Mar 2025 Income Expenditure Transfers West Area Youth Activities Small Grants Leasehold Improvements SIB Minibus HAF Sir John Priestman Good Vlbes Project Warm Space YIF - Captial YIF - Revenue Wellesley Trust Minibus Junior Club. (6,517) 728 24,260 {19,136> (1.393) (728) 156.000 712 (2,000> 154.000 (712) 16.273 (16.273) 634 3,$00 4,134 (5.225) 26,379 (15,948) 5,206 89,448 8,425 (567> (70,358) (84,853) (1,218) (3,064) 18,523 (1.970) (3.064) 75,676 20,500 16,724 183,312 (20,500) (4,961) (146,802> (93.516) 11.763 187,199 244,205 25
Lambton Street Youth & Community HUB Company Llmited by Guarantee Notes to the Financial Statements (continu•dJ Year ended 31 March 2025 19. Analysls of charltable funds (Mntlnued) At 1 Apr 2023 G8ins and At losses 31 Mar 2024 Income Expenditure Transfers Awards for All West Area Youth Activities Small Grants Le8sehokl Improvements SIB Minibus HAF Sir John Prieslman Sunderland All Together Good Vibes Project West Neighbourhood Fund Warm Space YIF - Captial Tolent YIF - Revenue Wellesley Trust Other grant 3,138 (3.138) 3.377 728 22,321 (31,566) (649) (6,517) 728 158,000 950 (2,000) (238) (27,072) 156.000 712 27,072 702 3,500 . (118) {3.450) 634 5,577 (5,577> 743 10,923 (16,891) (5,225) 2,412 5.188 35,603 315 (2,412) (5,188) (2,995) {703.639) (315) 760,479 89,448 26,839 9,831 14,803 875,768 (18,414) (9,831) (14,803) (140,243) {708.053) 8,425 216.733 244,205 Transfer of funds represent the following: 2025 2024 Fixed asset purchased & transferred lo general funds Contributions to support costs (92,076) 1708,053) (1,440) (93.516) (708,053)
Lambton Street Youth & Community HUB Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 March 2025 20. Analysls of nol assots botwoon funds Unrestrlcted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Currenl assets Credltors less than 1 year Net assets 893,359 316,361 (4,549) 1,205,171 154.000 33.199 1,047.359 349.560 (4,549) 1.392.370 187,199 Unrestrlcted Funds Restrlcted Total Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assets 780,473 156,712 937,185 342,006 (3,896> 1.118,583 87,493 429,499 {3.896) 1.362.788 244.205 21. Analy819 of changes in net debl At At 1 Apr 2024 Cash flovts 31 Mar 2025 Cash at bank and In hand 427,755 (80,380) 347,375 27