## **Durham City Youth Project** Financial Statements for the period ending 31[st] March 2021 Durham City Youth Project Financial Statements 2020/21 ## **CONTENTS** Page 3 – Legal and Administration Page 4 – Independent Accountant’s Report Page 5 – Income and Expenditure Statements for period ending 31[st] March 2021 Page 6 – Statement of Financial Position (Balance Sheet) as at 31[st] March 2021 Page 7 – Approval of Financial Statements Pages 8-10 – Notes to the Financial Statements 2 | P a g e Durham City Youth Project Financial Statements 2020/21 ## **LEGAL AND ADMINISTRATION** ## **Report of the Trustees for the Period Ended 31[st] March 2021** The Trustees present their report and independently examined statements for the year ended 31[st] March 2021 The former charity known as Durham City Centre Youth Project (charity number 513464) was dissolved in July 2017 and reformed as a Charitable Incorporated Organisation (CIO). **CIO Name:** Durham City Youth Project ## **CIO Number:** 1173498 ## **Registered Office:** Framwellgate Moor Youth and Community Association Front Street Durham DH1 5BL ## **Trustees** Rick Johnston (Chair) Terry Moderate Aurelia Smith Susan McNeil Alex Taylor Kenneth Gates Frances Mamie Simmons ## **Independent Accountant** Benjamin Westerman (ACCA) ## **Bankers** Unity Trust Bank Nine Brindley Place Birmingham B1 2HB 3 | P a g e Durham City Youth Project Financial Statements 2020/21 ## **INDEPENDENT ACCOUNTANT’S REPORT** I confirm that to the best of my knowledge, the transactions and financial statements contained within this report reflect a true and fair view of the financial accounts for Durham City Youth Project, for the period ending 31[st] March 2021. Opening and Closing Balances have been verified against bank statements and expenditure verified with adequate proof and backing documentation. The financial statements within the report have been prepared in accordance with the recommendations contained within _Accounting and Reporting by Charities: Statement of Recommended Practices (March 2005)._ I am satisfied that DCYP has operated within its means during the Covid-19 pandemic, and there is no reason to doubt the going concern of the organisation. Notes to the Financial Statements can be found at the end of the report. Signed Benjamin Westerman, FCCA Fellow of the Association of Chartered Certified Accountants (membership number 2362731) 4 | P a g e Durham City Youth Project Financial Statements 2020/21 **INCOME AND EXPENDITURE STATEMENT FOR THE PERIOD 1[ST] APRIL 2020 – 31[st] MARCH 2021** **----- Start of picture text -----**
||||| |---|---|---|---| |2021|2021|2021| |£|£|£| |Unrestricted Funds|Restricted Funds|Total Funds| |Charitable Expenditure| |Activities|0|5,819|5,819| |Transport|0|1,189|1,189| |Training|0|3,561|3,561| |Total Charitable Expenditure|0|10,569|10,569| |Overheads / Management Expenditure| |Bus Maintenance|0|1,569|1,569| |Legal and Professional Fees|0|558|558| |Sundries|0|488|488| |Insurance|0|1,911|1,911| |Rent|0|2,247|2,247| |Wages|0|71,982|71,982| |Postage and Stationery|0|727|727| |IT Costs|0|2,055|2,055| |Total Overheads|0|81,536|81,536| |0|92,105|92,105| **----- End of picture text -----**
5 | P a g e Durham City Youth Project Financial Statements 2020/21 ## **STATEMENT OF FINANCIAL POSITION (BALANCE SHEET) AT 31[ST] MARCH 2021** **----- Start of picture text -----**
2021 2021 2021 2020
£ £ £ £
Unrestricted Restricted Total Total
Fixed Assets 0 0 0 0
Current Assets
Cash 28,325 52,067 80,392 87,672
Accrued Income 0 0 0 0
28,325 52,067 80,392 87,672
Current Liabilities
Creditors 0 350 350 350
0 350 350 350
TOTAL Assets 28,325 51,717 80,042 87,322
Funded By:
Unrestricted Funds 28,325 0 28,325 27,864
Restricted Funds 0 51,717 51,717 59,458
TOTAL Funds 28,325 51,717 80,042 87,322
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6 | P a g e Durham City Youth Project Financial Statements 2020/21 ## **APPROVAL OF FINANCIAL STATEMENTS** The Financial Statements as contained within this report were approved by the Trustees. 7 | P a g e Durham City Youth Project Financial Statements 2020/21 ## **NOTES TO THE FINANCIAL STATEMENTS** - 1) The purpose of these financial statements is to give an overview of the cash position of the charity at 31[st] March 2021 and how that position has changed versus 1[st] April 2020. - 2) During Covid-19, DCYP was able to source specific funding to adapt practices and youth sessions. Funding was sourced for PPE, laptops, iPads and membership to an online monitoring and evaluation system. This allowed the organisation to reduce paper contamination and reduce the need for workers to go into the office but to continue to work safely outdoors. The organisation also received funding to deliver craft, baking packs, and emergency food parcels to struggling families in the local community. The trustees and management agreed to use the Government's Furlough Scheme as some workers who usually worked indoors running youth clubs were unable to work due to Covid19 restrictions. Funders allowed DCYP to pause the funding which had been awarded so when youth services could be continued, funding would remain available. When restrictions lifted, the organisation continued to be considered for the commission with the local authority and was able to access further funding to sustain work. The organisation has operated within its means during the pandemic ensuring fund and bank balances remain healthy, and there is no reason to place any doubt on the organisation as a going concern. - 3) Expenditure includes VAT where charged. This cannot be reclaimed by the charity. - 4) Unrestricted Funds are available for use by the charity at the discretion of the Trustees in furtherance of the objectives of the charity. - 5) The individual restricted funds within the charity can be seen in more detail below. 8 | P a g e Durham City Youth Project Financial Statements 2020/21 **----- Start of picture text -----**
Opening Balance Income Expenditure Closing Balance
The Key £ 24.52 £ 250.00 -£ 287.02 -£ 12.50
General Unrestricted Funds £ 27,863.58 £ 461.14 £ - £ 28,324.72
Children in Need £ 2,459.32 £ 7,532.65 -£ 3,605.04 £ 6,386.93
Sexual Health Mobile Unit £ 14,514.40 £ 47,930.00 -£ 52,820.14 £ 9,624.26
Tuck Shop Income £ 853.70 £ - £ - £ 853.70
Apprentice £ 44.80 £ - -£ 44.80 £ -
Senior Youth Club £ 1,557.01 £ - -£ 825.96 £ 731.05
AAP Holiday Hunger Easter £ 370.00 £ 5.00 -£ 375.00 £ -
AAP Holiday Hunger Half Term £ - £ 523.59 -£ 523.59 £ -
City of Durham Parish Council £ 1,080.00 £ 50.00 £ - £ 1,130.00
Garfield Weston £ 21,413.68 £ - -£ 3,825.56 £ 17,588.12
CDCF #IWILL 2020 £ 4,798.40 £ - -£ 1,763.33 £ 3,035.07
NHS Inspire First £ 3,013.69 £ - £ - £ 3,013.69
Corporate Sponsorship £ 450.00 £ 500.00 £ - £ 950.00
Variety Club £ 196.73 £ - -£ 196.73 £ -
1989 Willan Charitable Trust £ 8,682.00 £ - -£ 4,260.67 £ 4,421.33
Arts Award £ - £ 1,616.00 £ - £ 1,616.00
AAP Covid Secure Return £ - £ 5,000.00 -£ 3,714.32 £ 1,285.68
CDCF Covid 19 Secure Funding £ - £ 5,000.00 -£ 4,813.35 £ 186.65
Children in Need - Covid19 Booster £ - £ 2,780.00 -£ 2,780.00 £ -
Fun and Food £ - £ 1,198.16 -£ 200.00 £ 998.16
Furlough Scheme £ - £ 11,978.48 -£ 12,069.70 -£ 91.22
Total Balance Brought Forward £ 87,321.83 £ 84,825.02 -£ 92,105.21 £ 80,041.64
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- 6) General Unrestricted Funds includes Petty Cash, totalling £43.22. - 7) The Sexual Health Mobile Unit includes an ending accrual of £350 for accountancy/audit fees, which is also reflected in the expenditure under Legal and Professional Fees. All other transactions are on a cash basis. - 8) A detailed breakdown of expenditure by type can be seen below. Wages includes Employer’s NI and Pension costs. 9 | P a g e Durham City Youth Project Financial Statements 2020/21 **----- Start of picture text -----**
2021 2021 2021
£ £ £
Unrestricted Funds Restricted Funds Total Funds
Charitable Expenditure
Activities 0 5,819 5,819
Transport 0 1,189 1,189
Training 0 3,561 3,561
Total Charitable Expenditure 0 10,569 10,569
Overheads / Management Expenditure
Bus Maintenance 0 1,569 1,569
Legal and Professional Fees 0 558 558
Sundries 0 488 488
Insurance 0 1,911 1,911
Rent 0 2,247 2,247
Wages 0 71,982 71,982
Postage and Stationery 0 727 727
IT Costs 0 2,055 2,055
Total Overheads 0 81,536 81,536
0 92,105 92,105
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