WESTON CHURCH YOUTH PROJECT FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 REGISTERED CHARITY NUMBER: 1173543 WESTON CHURCH YoirrH PROJECT FINAIYCtAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS P&ge Rewrt of the Trustees Ind¢p¢ndent Examinevs Report Statement of Financial Activities io Balance Sheet Notes to the Financial Statements 12-17 FOK MAIYA(FEMKN"I" PURPOSES ONLY: Detailed Incomc and ExpcDdiiurc Account Page I WESTON CHURCH YOUTH PROJEC[ REPORT OF THE TRUSTF.FS FOR THE YEAR ENDED 31 DECEMBER 2023 The truslees present their ADnual Report and Financial Ststements of the Weston Church Youth Projeci of Weston Vicarage. w&S￿n Lane, Southampio￿ b019 9HQ for the ycar ¢nd¢d 31 December 2023. 'll]e Financial Statcmcnts cornply with thc charity's ￿nStItUtion. the Charitics Act 2011 and Accounting and Rewrting by Charities: Staiement of Recommended Practicc applicablc to chaTitiC5 preparing their Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). REFERFNCE AND ADMIIYISTRATIYE INFORMATIOIY CharRty Namc: Weston Church Youth Proj¢¢t Working Name: wcyp Registered Charity Number: 1173543 Charity StAtuy: 'lThe charity is a ehgritsble incorporthd org8nisation and was grdnied charitabl¢ slatus on 23 Jun¢ 2017. Correspondenee Address: Weston Vicarage Weslon Lane Souihampton S019 9HG Trustees: Rev D M¢dway Mrs T Burt Mr D W Chaplin Mr J J3 C Duncan Dr P Knight Dr M Hughes Secretary Treasurer Safc8uardin8 APP App 01.05.23 01.05.23 Our Advisors: Independent bx&min¢rs: Abraham & Dob¢ll 230 Shirley Road Southampton S015 3HR Page 2 WESTON CHURCH YOUTH PROJEcr REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 OUR PURPOSES AND AcfiviTIES The purposes of Weston Church Youth Proj¢d aT¢: To &8 a resource for young people up to the age of 29 living in Weston, Southampton and the surrounding areas by providing advice and &ssistance and o[g￿lllg prowammes of physicaL, educational, and other activities as a means of: (a) advancing in life and hclping young tMple by developing their skills, capaciti¢3 t￿d capabilTrties to enable them to partiLipate in society ￿ independent. mature and responsible individuals: (b) advancing edueation. 9nd (c) providing recreational and leisure lime activity in the interests of S￿la1 welfare for peoplc living in thc area of bcncfit who hav¢ n￿d by T¢a8on of th¢ir youttL age. infinnity or disability. poverty or Social and economic Circumstan￿5 with a view to improving the conditions of life of such wwns. The advancement of the Christian religton mainly, but not exclusively, by means of broadcasting Christian messages of an evang¢listic and teaching nature. STKUC'1'UK￿, GOVERNANCE AIYD MAIYAGEMEIYT Governlng Document The charity Weston Church Youth Project is governed by its constitution. The charity was regist¢r¢d as a clwitable incorporated organisation on 23 June 2017 with a Chariry number of1173543. Recruitment und Appointment of Trustees 'I'he charity is adm1tll5t¢r￿ by a board of tru5tces whicK at th¢ date of this repo¢ numb¢r¢d 6 (2022 'I'rust¢¢s, whether eleit¢d, appointed or COryOPted are required by law to act ID the best interests of the Charity and not the body that appointed them or from which they were co-optsd. Trn$t¥e Induetlon and Training Trustees are familiar wkth the work of thc charity. having new t￿￿e£S mcct with the Chair of th¢ trustee4 who provides a briefing on the charity to include: the obligaiions of board members" the rnain documents which set out the owation21 framework for the clwity, including the constitution. th¢ fulanciai psition of th¢ or8anisalion. ifieluding the last set of fmaneial gtatements snd funding status" and futtre plans and objectives. Page 3 WESTON CHURCH YOUTH PROJECT REPORT OF THE TRUSTEES {CONTKNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 STRUCTURE, GOVERNAIYCE AND MAIYAGEMETr￿ (coNrtNUED) Rlsk Management The trustees have examined the major operational risks which the chariry faces and confirm that systcms have been established to enable rewrts to be produced so that the nec¢ssary st¢ps can be taken to lessen these risks. OrgAnisational Charity Strueture The trus¢¢es. comprising 6 Tnembers, i￿luding a secretary and tre&8urer. vtho mcct at1¢&8t 4 times a year. are responsible for the management and administration of the charity. ACHIEVEMENTS AND PERFORMANCE Thc Weston Church Youth Proje¢i ¢omprises - For 7-19 y¢ar oldJ.' four cat¢gori¢J of work: 'Faith fun,, and EinBag¢' and 4Aehievo' Tror 19- 29 year olds: a new Church Plant project to k called 'Hope City,, grown in pathership with Holy Trinity Church Wesion, and Kings Community chU￿h Hedge End. FAITH (Carolyn Terry plus two team and twelve volunteers) BouldeT8ELn8 - (our 7 - 118) meets on a Monday after school. We have n]rt 35 sessiong, 39 children have attended with an average of15 each week. Trips undcr¢aken'. At lastcr, we held our Holiday ¢&ub at Holy Trinity church and in total 38 different children attended. In the Summer 18 attended to Ninja Warrior and also Rock Up in IVhit¢ley. Alknr Holiday club, numbers at Bouldergang did incre￿. Pulse (now known as ConnecL our I1-14s) meets on a Tuesday at 4.30pm. We hav¢ 36 sessions at which 20 young people have atteThded. In the Summer 15 young people attend¢d Dynamic camp (by .5 churches based on Chichesfrr). Around 80 children attend each year. Trips from Pulse included Ninja Warrior and Ice skatin8. Messy Church m¢¢ts thg i st Sunday of the month bas had 46 adults attend and 50 childrcn. In the Summer we held an evcni in the park where we ran gatnu whi¥h ditrdLtcd 35 pcoplc. Our Chri5tingle setvice was also a highlight with 70 childr¢nladults attending. FUN The 'Fun' category comprises 'open access. groups and trips out for childr¢n and young p¢oplc agcd 7 to 18. (Matt Craustoo Ellie de la Cour plus six team and ten volunteers) Page 4 WESTON CHURCH YOUTH PROJECT REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACHtEVEMENTS AND PERFORMANCE (coiYfINUED) Rock Solid (7-1 I's): This after school club for children runs at the Venny (Weston Adventure Playground) for two hours on a Wcdn¢sday. Rock Solid has bccn running for many ycars and has evidcnc¢d signifirant outcomes for childrcD, such as incre&8ed ¢onfidcnce and improv¢d social relationships with peers. The group had an average altendan￿ of 36 (with 52 on Ihc b￿St¢St 5cssion). runnin8 for 31 sessions. and cn8a8in8 an cstiTnated totsl of 115 childrcn throughout the y￿. 'I'his group was supported by 10 sialT, 6 volunteer InLStees. and 8 other voluntccrs. Rock Solid ( l1-18's): WCYP'S older Rock Solid session for 11-18 year olds ran on Thursdays, initially for two hours at the Vcnny. and then an how and a I￿£ at Chamberlayne Leisure Centre. The group had an average attendance of 15. running for 34 sessions, and engaging an estimated total of 50 young people throughoul th¢ year. This group w&s supported by 5 staff and 2 volunteers. R¢sid¢ntials: WCYP ran a resid¢nti81 in the Easter holidays at YMCA Fairthorne Manor, with thanks to funding from UK YoutlL This residential provided the optK)rtunity for 12 young people aged b¢tw¢en I l and 15 to attend and engage in activities such as Climbin8 and arLhery. Trips.. WCYP ran on¢ 'Fun' trip to th¢ N¢w For¢st Aqua Park for 20 youns people, in addition to three other 'Faith' trips (reported separatcly). The 'ENGAGE' and 'ACHIEVE' categories ar¢ ¢omprised of specific groups and a¢tiviti¢s which seek to help ¢hildr¢n and young people with their educational, emotional, and mental health development. For Children aged 7-11 (Prinury School).. (Debbie Harris + oihers) Resili¢ntKids:R¢silient Kids is a refcrral-b￿ed wup for children that focuses on supportin8 emotional and mental health developmenL specifically their resilience. We have had new children join during the Autumn terni and we havc bc¢n following a BounG¢ B￿k Ability Cours¢. Thc children hAve bonded together well ￿ a group" It is 8reat to see chLldren ￿ discussion with increased confidence. W¢ are complcting thc rurrent t￿h1n8 after christm￿ Bnd all the ¢hil(Iren are ¢x¢it¢d io continu¢ attending Resilient Kids which has a good and 5UPPOrtive cor¢ group. The school are happy to promote the group and we have identified some of the Drdwing and Talking children who would benefit. This group was supported by 4 staff and 2 volunteers throughout th¢ year. Drawing and Talking (individual): These sessions for Childr￿ provided a fonn of mentoring for them and allowing them to proc£8s their cmotion3 through th¢ of art. The Leader reports that it continues to make a positive llllpact on the emotional health of these Children. It is really ¢ncourdging that thcy are so keen w m¢et witb h¢r each week and will vcibalise how much it 1$ helpiDg them. Page 5 WESTON CHURCH YOUTH PROJECT REPORT OF THE TRUSTEES {CONTllYUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACHIEVEMEKfs AND PERFORMAIYCE (CONTINUED) DrrAwill8 and Talking (group work): The childrcn in our most recent 'Emotion' group have been remarkably opcn and suptK)rtive of oth¢i. 'lThe group bond¢d well and they reported that the course had helped them to get along with others better. improved confidcnce. helping thcm feel happier with who they are. To the question 'How has the course hel￿1 you?., r¢sp()nses includcd.. '1 fccl a lot happier now,, '[ am more confident., '[ have new friends., 'It has helped tuake friends,. For youngpeople aged lJ-18 (Secondary School+).' (Matt CraNion & Ellle de la Cour) Momentum: This after school group foT young people focused on supporting emotional and mental h¢alth d¢velopm¢nt. Th¢ group ran foi a lotsl of 20 sessions, with an avcra8e attendance of 4 young people, and ertgaging a total of 8 young people. Cooking group.. During the Aulumn l¢rni, th¢ Youth Development Coordinator work¢d with Wcston S¢Londary School to hosl a cooking group for young pcople ai thc Venny (Wcston Advcnture Playground). 'I'his group ran for 4 sessions, with a weekly attendance of 4 young people. ML'nlorin8: SUPPOrted Weston Sc¢ondary Sch(M)I by providing onc-to-onc mentoring with students. The project ran 21 menloring sessions. supporting 2 yow)¥ people. School drop-ins (brcak lunch times): Team attcndcd Weston Secondary School for break time and lunch time drop-ins (cngaging with young pcopl¢, making conversation and often playing a gam¢ or activity). They attended school for a totsl of 56 dropin sessions. engagkng an average of 8 young people per m¢mb¢r of the t¢am cach scssion. These drop-ins were supported by 3 staff and I volunteer. DetAehed work: 'rhe project ran 13 detachd work sessions, where members of the team cngagcd with children, yowi8 people and families in the community. Family work: A Halloween 'Li8ht Trail, (in partnership with Holy Trinity Church and th¢ 19-29's Hop¢ City Church) which engaged approximately 800 individuals. TheT¢ were two fwnily events including an Easter Egg Hunt which ovcr 40 individuals joined. HOPE CITY CHURCH Southampton A significant development for this charity w&8 its expansion into people aged 19-29 year5 old on the Weston F￿tate. An application to th¢ Church of England Vision and Strategy Board, to encouragc and nurture Innuvalion by fi￿dIng into areas such as youngcr people and childTen. or lower incom¢ communities - was approved on 6th January 2023. The grdnt spans threc ycars, and rcquir¢s other contributions to top up the full pro￿Sed budget. A Memorandum of Agreement (MOA) was Tequired to be developed between three parties - WCYP as the host, Holy Trinity Church W¢sto￿ and Kings Communiry Chutcty H￿ge End. The purpos¢ is to esthblish and launch a Fhurrh p14nl (to be called Hopc Church) which will become established &8 ils own charity independent of WCYP. The aim of the Innovation Funding is for thc Church of England to learn the lessons of this journey. Th¢ MOA was finally approved by the separate Trngtees and the PCC. and signed on 18 Mwch 2024. Pxge 6 WESTON CHURCH YoufH PROJECT REPORT OF THE TRUSTEES (coNriNuED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACHIEVEMENTS AND PERFORMANCE (CONTINUED) Building a team: OveT the course of 2023 thc church planting team g￿W in numb¢r to around 30 adults. atl of whom wcrc engagd in 30mc fonn of voluntccring oith¢r regularly weekly through activities at the Hope Centre or lending support to one off events. One such event aL Halloween as part ofthe 'Light Trail, with other Christian groups led to around 800 individuals bcing engaged. A key factor in recruiting and connecting new members w&8 through mid-week 'connect' groups m¢eting in homes across the ¢state. The two groups in place grew in numbers providing a sirong oore of the church plant. Thc primary focus of the tcam ovcr thc y¢ar was ¢onnecting with ¢&ch othcr through Monthly 'Open Heaven" prayer meetings and monthly 'Family Times, (Sunday afternoon meals, sharing vision for the plant, sung worship and prayer). A key appointment was the Chuwh Plant Administrator who started her role in October enabling ihe development of pro¢¢sses for the new Hope City Chur¢FL Connecting to a Community". In partncrship with Kings Community Church, through a Food Centre, a toddler group, knitting group and a language club, the team wcrc abl¢ to connccl and ¢mb¢d into the community in Weston. A particular success was in th¢ toddler group where attendc¢s from the local area joined the team and now help lead thc woup. Training.. Now renamed Pioneer EvangelisL Dave Wjlliams has cngaged in the New Wine Leadership 'fraining course (to be complet￿ in 2024). TeAlln m¢mb¢rs attend￿ ¢onferenc¢s on hurch planting run by both The ChuKh of England and the Catalyst network of Churches. They also attended ¢ourses re8ardin8 mission to low-income demo8raphi¢s such as CCX Estates and Jubilee Plus. PROJFcf STAFFINC. Our Acting Project Managcr for matsrDity wv¢r Completed her contraGt in Jun¢: thc Youth Activities Co-ordinator Icft in May. Our deputy project tnanag¢r was appointed as Open Access Lead in Ortober. For the new church venture, a Church Planter was appointed in Febnwry (later reutled ag Pioneer Evang¢li5t) and an AdministrrAtor in October. FINANCIAL REVIEW Th6 charity rcwidcd an ov¢tall deficit in the year to 31 December 2023 of £(34,672) (2022 - d¢ficit of £(56.771). $ was split between a restrieted futdg of £5.850 and a defioit of £140.522) on iiDf¢stricted fi￿ds. Overall funds of the cbarity carricd fonward rnluccd from £81.515 to £46.843. Page 7 WESTON CHURCH YOUTH PROJECT REPORT OF THE TRUSTEES (coNriNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW (CONfINUED) Principal Funding Sour¢¢s 'Ihe Church of England . Archbishops. Council - Innovation Fund (Jfjn 2023 - 2025) Southampton City Council- Play & Youth Opportunities (J{￿ 2023 - 4) Southampton City Council - Safer Neighbourhoods Fund (Jan 2023 one offj £250k ov¢r 3 years £25k pa £llk £13k £IOkpa £IOkpa £14k £1Sk £4k Holy Trinity Weston. PCC The Joseph Rank Trust Th¢ Garfield Weston Foundation Local Givin8, C￿0P, Amazon Other donations Young People's Contributions (July 2023 x 3 years) (Oct 2023 x 2 y¢ars) Inv¢8tment Poll¢y Aside trom retaining a prudent amount in reserves each year. most of the charity's funds arc to bc sp¢nt in the short-term operatin8 the Proje¢L so there are no fimds for long-tenn investmenL PLANS FOR FUTURE PEIUODS The introduction (at short noticc) of the opportunity to launch a church plant on this estate ￿ a new venture this year pasl ha5 enga8ed a considcrabl¢ amount of time and effort for trustees and new staff (as w¢ll as 50m¢ existing) over the last ei8hteen months. One aim of the lauDch is to enable the fledgling church to become independent and self susthining within the three years of the grant- n¢v¢r- the-lcss continuing to work in concert with the original WCYP 7-18's a8¢ group. T￿￿tee8 are conscious that ow children and young people will inevitably grow up into the older Age group (19- 29's), and that their parents own engagement will bridge IK)th str¢ams. There is a welcome overlap in staff and volunteers auoss the participating partie5, which it is hoped will continue to the benefit of all engaging in the work and ministry. The trustees will neccssarily review th¢ 3-year Stral¢gic Plan {S¢pt 2021- August 2024) in the light of lh¢ financial clilnatc locally and nalionally, as wcll as the church development - to detennine both the futUTe Aims and Objectives, and hence to consider funding streams nec¢5sary lo d¢liv¢r. We tgke egreful, dcpendant and thaTrkfi￿ note of the Psalmist, song 127 - "Unless the J,ord builds the huus¢ (projecl), th¢ builders labow in vain. Unlcss th¢ Lord watches over the city, the guards stand watch in vain" Pag¢ 8 WESTON CHURCH YOUTH PROJECT REPORT OF THE TRUSTEES (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 RESPONSIBILrrIES OF THE TRUSTEES Thc trustees are responsible for preparing the Truslees. Annual Rcport and the Financial Statcmcnts in aLcordance with applicablc law and Unitd Kingdom Accounting Standards (Unit¢d Kingdom G¢n¢rally Accepted Accounling Practice). The law applicable to charities in England and Wales requires the trustees to PTepar¢ Fin8ncial sthtemcnts for each financial ye￿. which giv¢ a tru¢ and fair view of th¢ stat¢ of the affairs of the Charity and of its incomin8 resources and application of Kqourccs of the ¢hArity for that period. Tn preparinB the Financial Statements the tr￿91¢¢$ ore required to: select suitable accountin8 policies and apply them consistently9 observe the methods and principles in the Charities SORP (FRS 102); make judgements and estimates that are re&80nable and prudent. stato whcther applicable aLcounting S￿)dardS have been followed, subject to any departures disclosed and explained in the Financial Slatem¢nts' and P￿par¢ the financial s¢al¢m¢nts on thc goin8 concern basis unlc55 it is inappropriatc to prcsume that the charity will continue in business. The In￿eeS are responsible for maintsining pro￿ accounting record& which disclose with re&8onablc accwaGy at any time, the fuwicial p)sition of the charity and to enable them to ensure that the Financial Statements c()mply with the Chariti&q Act 2011. the Charity (Accounts and Rew)rts) ReguIations 2008 and the provisions of the tntst deed 'llKy are also responsible for Safeg￿Ing the assds of the charity and. hence, for tsking re￿nable steps for the prevcntion and dewion of fraud and other irregularities. INDEPENDENT EXAMINERS A rcsolution to rc-appoint Abr8h8m & Dobell &8 Independent Examiners will be proposed at the forthcoming meeting. Approved by the trustees OD 16 September 2024 aDd sigDed on its behxlf by: REV D MEDWA CHAIR D W CHAPLIN TREASURER Page 9 INDEPEIWENT EXAMINER'S REPORT TO THE TRUSTEES OF WESTON CHURCH YOUTH PROJE FOR THE YEAR ENDED 31 DECEMBER 2023 I report lo the mistc¢s on my ¢xamii]ation of th¢ ac￿Unts of Wcston Church Youth Project for thc year ended 31 D¢c¢mkr 2023. RESPONSIBILITIES AIYD BASIS OF REPORT As In￿lee8 of the chariry you are responsible for the pr¢paration of the accounts in accordan¢e with the requirements of the Charities Act 2011 ('the Act,). I rq)ort in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the Y4pplicable Directions given by the Charity Commission under section 145(5Xb) of the Act INDEPEIYDEIYT EXAMIIYER'S STATEMENr I have completed my examination. I confinn that no material matters have come to my allention in connection with the examination ¥ivin¥ m¢ iiluse ts) IKlicv¥ thal in any material respell: accountin8 records were not kept in respect of the charity &s required by section 130 of the Act. or the accounts do not accord with th¢)se reeords. or the accounts do not Comply the applicable requirements concernin8 the form 8nd content of accounts sct out in the Charitics (Accounts and Rewrts) Regulations 2008 other than any requirement that the accounts give a 'true and fair view. which is not a matter considered as part of an independent examination. I have no concerns and have ¢om¢ across no other matters in wnnection with the examination to whicFL attention should be drawn in this rew)rt in order to enable a prow understanding of the accounts to be reached. DAVID J MANT FCA tNSTITUTE OF CHARTERED ACCOUNfANTS lly ENGLAND & WALES 230 Shlrley Road Southampton S015 3HR 16 September 2024 Pydge 10 WESTON CHURCH YoirrH PROJEcr STATEMENf OF FINAYL CIAL ACTIvrrIES FOR THE YEAR ENDED 31 DECEMBER 2023 2023 R¢stri¢ted Unrestricted Totsl Funds Fund8 Funds 2022 Total Fund8 IYote8 INCOME Donations and grants Charitabl¢ activities 10.000 139,647 149.647 100.204 4,258 4,258 7,010 TOTAL INCOME 10,000 143,905 153,905 113,214 EXPENDITURE Charitable activities 4,150 184.427 188,577 169.985 TOTAL EKPENDITURE 4,150 184.427 188.577 169,985 NET INCOMEJNET MOVEMENT IN FUNDS 5,850 (40,522) (34,672) (56,771) RECONCILIATION OF FUNDS Totsll funds brou8ht forward 81.515 81.515 138,286 Totsl funds carried forward £5,850 £40,993 £46,843 £81,515 The Statemcnt of Financial Activitie8 includes all gains and los￿3 in the year. All inwm¢ and expenditure derive from continuing activities. Page 11 WESTON CHURCH YOUTH PROJE BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes CURRENT ASSETS Debtors c￿h at bank and in hand 4223 106,069 9.801 73,256 110,292 83,057 CREDITORS: Amounts fglling due wlthln one year 63,449 1,542 r4ET CURRENT ASSETS 46,843 81,515 TOTAL NET ASSETS 10 £46,843 £81,515 THF FUNDS OF THE CHARITY Unrc3tri¢t¢d income funds 46.843 81,515 TOTAL CHARITY FUIYDS £46,843 £81,515 Approved on 16 September 2024 by tbe trn8ttei aDd Signed on thelr behAif by: REV D MEDWA CHAIR D W CHAPLIN TREASURER Page 12 WESTON CHURCH YoufH PROJEC[ NOTES TO THE FIIYANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES The accountin8 FK)licies are summarised klow. The accounting rK)licies have ￿en applied consistcnily throughout thc year and in th¢ prcccding pcriod. (a) Basis of Accountitig The Financial Ststcments have Ixen prepared in accothce with Accountancy and Reporting by Chariti￿. Stat¢m¢nt of Recomrnended Practice applicable to charities preparing their Financial Stsiements in accordance with the FitMnGial Rcwrting Standard applicable to the UK and R¢public of Ireland FRS 102 and th¢ Charities SORP (fRS 102). (b) Fund Aeeounting Un￿StriCt(d in¢om¢ funds are available for u3¢ at the discretion of th¢ tsustees in furtherance of the general objectives of the ch8rity. R¢stri¢t¢d incomc fimds are 5ubj¢cted to restrictions on their CXFaiture imposed by the donor. (c) Income ALI income is included in the Statement of Financial Activities when the charity is entitled to the income and the gmount Can be quantified with T￿onable accurary. The foll()win8 specific polices are applied to particular ¢ategori¢s of income: Incomc is received by way of graffls and donations and is included in full in th¢ Statement of financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity. arc recogniscd wh¢n the charity be¢omes unconditionally entitled to the grant. Donated services and facilities are included at the value lo the charity where this can be quantsfied. Thc value of s¢rvices provided by volUnte￿S has not been included in th¢3¢ Fin8ncial Statements. Income from charitable activities is recognIs￿ when it is T¢ttive (d) Fxpenditure ExprndltU￿ is [￿O801$¢d on an accrual basis as a liability 15 incwred. Expenditure includes any VAT which cannot bc recovered and is rqx)rted as part of the expenditure to which it rel&es: Charitsblc activiti￿ comprise those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. Il includes both costs that can be allocated directly to such activitics and those costs of an indirect nature necessary to support them. Page 13 WESTON CHURCH YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS (COIYTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTIN(: POLICIES (CONTINUED) (d) EIpenditure (Continued) Governance costs include those costs associated with meetin8 the constitutional and statutory requirements of the charity and include th¢ Independeni Examinerfs fees and costs linked to the straie8ic management of the charity. All costs are allocated between the expenditure categories of the Stafrment of Financial Activitie8 on a b&8is designed to r¢fl￿t th¢ use of the resowce. Costs relating to a particular activity are allocatcd directly. othcrs are apportioned on an appropriate b&sis. DONATIONS AND GRANTS The following grants w¢r¢ rK¢iv¢d during the y￿. 2023 2022 R¢Jtrlcted UnreJtri¢t¢d Total Funds Funds Funds Tv¢al Funds Planned giving Other giving Grants Innovations funding Donations 2,934 20,479 30,102 85,162 970 2,934 30,479 30.102 85,162 970 4,183 21,455 27,250 52,446 870 10,000 £IO,(MX) £139,647 £149,647 £106,204 Pag¢ 14 WESTON CIIURCH YoITfH PROJECT NOTES TO THE FINANCIAL STATEMENrs {coNriNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 INCOME FROM CHARrrABLE ACflVITIES The following income w&$ generated during the yeat: 2023 Unrestrieted Totaj Funds Fund8 2022 Total Funds Youn8 pcople's contributions £4.258 £4,258 £7.010 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIV￿lEs 2023 Re8tri¢l¢d Unrestricted To1¥41 FuDds Funds Funds 2022 Total Fundj CbArltable Aetlvities Salaries Pension contributions Sessional workers Statfexpenses, training and suptx>rt Activities and equipment Residential expenses Mana8ement and administrntion ProjeLt work Printing, postage 8nd stationery Publicity and website Hir¢ of premis¢s Fundraising 107.217 107.217 107,683 10,396 10.396 4,790 9,608 9,008 13,905 1,382 1,382 6,016 10,880 11,130 2,692 1,530 1,530 5,627 4.832 5.582 3.450 29.903 31,553 14,754 735 735 975 230 230 2,534 7,114 8,614 6,473 366 250 750 1,650 1,500 4.150 183,827 187.977 169,265 Gov¢rnan¢¢ Costs Examiner'q costs 6(M) 600 720 TOTAL RFSOURCFS EXPENDED £4.150 £184,427 £188,577 £169,985 Page 15 WESTON CHURCH YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENrs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 s'rAFF COSTS AND TRUSTEES, REMUIYERATJOIY 2022 Total Fundi UnrtJtri¢t¢d Total Fund8 Fund* Salaries, Social Security costs and employer's pension o)ntributions £127221 £127,221 £126,378 Thc avcw¢ wKkly numE¢r of employccs during thc y¢ar was: Trustees received no remuneration in the year. TAXATION As a charity, Weston Church Youth Project is exempt from tax on income and gains failing within s.505 of the T8xes Act 1988 and s.256 of the T￿atIon ofchargeablc CJains Act 1992, to the extent that these are applied to its charitable objects. No Lgx charges have arisen in the charity. DEBTORS 2023 2022 Other debtors Pr¢paym¢nts 2,748 1,475 8,384 1,417 £4,223 £9.801 Page 16 WESTON CHURCH YoirrH PROJEcr OTES TO THE FINANCIAL STATEMENTS (coNriNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 cRED￿ORS. Amounts f4lllng due wlthln one year 2023 2022 Other creditors Accn￿lS Deferred income 720 600 62.129 822 720 £63,449 £1,542 MOVEMENTS IN DEFERRED INCOME 2023 2022 Deferred income at l January 2023 Resources deferred in the year Resources released in the year 52.446 62.129 (52,446) tkf¢rred in¢om¢ at 31 D¢rnbcr 2023 £62,129 10. AIYALYSIS OF NET ASSETS BETWEEN FUNDS Fund balances are represented by., 2023 Unrestricted Total Funds Fuud 2022 TntAI Fuud¥ c.urrent &q￿L4 Current liabilities 110.292 110,292 83.057 (63,449) (63,449) (1,542) Net &￿tS at 31 December 2023 £46.843 £46,843 £81,515 Page 17 WESTON CHURCH YOUTH PROJEcr NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 I I. ANALYSIS OF CHARITABLE FUNDS At At 01.01.23 Ineomc ExpeDditurc 31.12.23 Unrestricted General Funds 81.515 143.905 184.427 40.993 Restricted Ineome Fund Jo8¢ph Rank Trust 10,000 4.150 5,850 Total funds £81,515 £153,905 £188,577 £46,843 Unrestricted gcneral funds comprise those funds which trustees are free to use in accordance with the charitable objccts. unrc3tric1￿ d¢signal￿ funth comprisc th0￿ fun