Projects 4 Change Registered Charity No. 1181162 Financial Statements for the period ended 31 March 2022 al Information - 2022 Name: Projects 4 Ch?nge Charity Number: 1181162 Structure: Registered Charity Trustees: Simon Pinkey Syeda Ahmed Amy Coales Joanne Nicholson Helen Hall Amanda Hall Chesley Conlin Chair Vlce Chair Secrelary TreasU￿r Addrfrs$: Projects4Change Bellys Hul and Garden The Cowgate Cent Houghton Avenue Newcastie upon Tyn8 NE5 3UT Independent Examlnor: Mark Thompson MAAT 42 Lesbury Road Newcaslle Upon Tyne NE6 5LB Report of the Trustees for the Period Ended March 2022 Like many others we have experienced a challenging but productive year in 2021-22. We have continued to build our presence in the local communities we seNe. We have brought back Bettys Hut and Garden lo Ihe Cowgale Community, a much loved community resource. We are making fantastic use of this new space in responding lo the needs and concems of locxl young people and the wider community, providing youlh-led projects lo maximise young people's voice, choice, and Dolential lo create a belter future toaelher. Pro ects of note". Opened Beltys Hut and Garden, Cowgale 4 day Community Festival with The Unfolding Theatre A Little Bil ol Good in Th6 World, Art Project wilh Monkfish Productions Guardians of the Garden Environmental Project Youth al Kenton, school based wellbeing support with Action4Children Toastse Club Open Access Drop In project. Rlsk Management The executive members have assessed the major risks to which the charity is exposed, and are salisfied that systems are in place lo mitigate exposure to major risks. Trustees. responsibllilies In relallon to the Ilnanclal statements Charily Law requires the Trustees to prepare linancial stslemenls tor each linancial year which comply with Ihe regulations set out in the Charities Acl 1993. The Trustees have elecled lo lake advantage of the provisions that apply to sm811 Charities and have prepared a Receipts and Payments Account and Statement of Assèts and Liabilities. Signed: .............................Chair. on behalf of the Trusl8es, date". ISL Oec. INDEPENDENT EXAMINER'S REPORT Report to the trustoes of Projects 4 Change On accounts for the year ended 31 March 2022 Charity no 1181162 Respectivo respon$lbllltl¢s of trnstees and examingr The Iruslees of the organisalion are responsible for the preparation of accounts., they conslder that an audit is not required for this year under section 14412) of Ihe Chanties Act 2011 and that an Independenl Examination L5 needed. It is my responsibility to examine the accounts (under sectlon 145 of the 2011 Act), follow Ihe procedures lald down In the General Directions given by the Charity Commtssion {under seclion 145151{b} of Ihe Acll. and . state whether particular matters have come lo my attention. Basls of Indepgndont examlngr's statemant My examination was carried out in accordance with General Direction$ given by the Charity Commissioners. An examination includes a reviow of the accounting re¢ord5 kept by Ihe charity and a comparison of Ihe a¢¢ounts presented with those reo?rds. 11 algo includes consideration of any unusual ilems or disclosures in the accounls, and seeking explanats'ons from Ihe trustees conceming any such mallers. The procedures underlaken do nol provide 811 the evidence that would b8 required in an audit, and wnsequenlly I do not express an audll opirdon on Ihe accounts. Independenl examlner's statement In Ihe course of my examina1￿￿, no maller has come to my allenlion: 1. which gives me reasonable cause lo believe that in, any material respect. the trustees have not met Ihe requirements lo ensure Ihal.. proper a￿Ounting records are kept lin accordance with se¢lion 130 of the Acll., and . account8 are prepared whlch agree y￿th the accounting records and comply wlh the accounling requirements of the Acl: or 2. to which, in my opinion, allent￿n should be drawn in order to enable a proper understanding of the accounts lo be reached. Signed: ,z" Date: 10 November 2022 Name: Address: Mark Thompson MAAT 42 Lesbury Road Newcasue NE6 5LB Projects 4 Change Receipts & Payments Account 1 Aril 2021 to 31 March 2022 2021-22 Unrestrlcted Restricted 2020-21 Total Notes Receipts Grants & Donations 39453 61297 100750 95478 Total Receipts 39453 61297 100750 95478 Payments Salary Cosls Capital Project Youth Training Activities, Malerials and Resources Sweatshirts Subsistance and Refreshments Belty's Hul Operating Expenses Motor and Travelling Expenses Media Expenses Insurances Postage and Slalionery Accountancy Sub$¢riplions Sundries Depreciation 1,964 2,621 1.683 51527 12562 53491 15183 1683 9430 138 3317 1218 3510 96 208 249 275 198 162 33388 17014 4750 7210 370 2234 9430 138 3317 1218 643 96 208 249 275 198 162 2867 1329 677 165 156 250 198 391 495 Total Paymentg 9455 79703 89158 68627 SurpluslDefi¢lt for the perlod 29998 -18406 11592 26851 Transfer BetW88n Funds Funds at 1 Aprll 2021 16349 33086 49435 22584 Total Funds at 31 March 2022 46347 14680 61027 49435 Projects 4 Change Balancè Sheet as at as at 31 Mar¢h 2022 Notes 2022 2021 Fixed Assets Tangible Fixed Assets Currents Assèts Cash 8E bank and in hand 84174 49435 Curr•nt Llabllltle8 -3147 Net CurrontA6set$ 61027 Net Assets 61027 49435 Funds Reslricled Funds Genèral Fund8 14680 46347 33086 16439 Total Funds at 31 March 2022 6102Y 49525 The flnancial statemenls were approved by the folk)wing members of Ihe Management Committee: Signad.............. Posltson.. IiL)sro 4-1 kl**L Signed.. Position.. Dale ISL Oec 102L Proje¢t$ 4 Change Notès tts thè Fiftan¢i*l StrdtÈmènts a$ at 31 hlarch 2022 1 The financial slalemenls have been pr8par8d in &cord8nce *ith AccouThlng and ReportlrKJ by Charibes." Slalemenl of Recommended Practice applic8ble to ch8rfiles preparfng Iheir aGcixJnls In accordance wlh the Financ￿1 RepJrling Standard applicable in the iJK ar￿ Republi¢ ol Iretand IFRS 1021 leffe¢Vve 1 January 20151- Chaftiies SORP IFRS 1021. the Fir¥ana81 Re[KI￿rt9 Star¥Jard applicable in the UK and RepuNic of treland IFRS 1021 and Ihg Companhes Aci 2006 Pftslec15 4 Change rneets the definitt.on of a public benélit enuty uThJer FRS 102. A55e15 and IK8txlibes a￿ initsally recognised al historical c051 or IrartsactK¥n value unless olhemse staled the rd•vani attounting polw ￿18(5). 2 Pmiects 4 Change 1$ a Charfly wlslered wilh Il* Charfty CornmL%sl¢)n, Regisiraiio) ¢)0 1181162 Ills goveme(J by a management commlllee. 3 No remunera¢ion was lo trvstees durirwJ Ihe yeaf 4 Gr￿15 ReGe1v￿- Unrestricted BdlingerTrusl Amold Clark Garfi810 Weston TTUSt Edge Norfh E881 Ccrnmunity Foundab'on Tyr* & W•ar Northumberfand Other donalK)ns T¢)tsl Unvestri¢led Grants 10000 2500 20000 2957 39453 R•stYlet•d Slred Gamtr$ Grants Rlse North East Unfolding ThÈalre Norlhumbria PoNeè C¢mrnl88lonef Emesl Cook Trust Key Fund-chonge Makers Vdunteer6 Action for Chldren 8wcasllo Clly Cnundl-ChBrMJo Mak8rB Vdunl8erB LGA FoUndat￿n Comrnvnily FoundsJlltM Tyrn & W6ar and Norfhumwond". Ground Woths UK Total Restrfeted Grant• 7676 4900 340 5110 2228 14670 11070 7418 61297 Totsl Grnnls & 0ort4tlon$ RO￿1¥9d 100750 S Total Salary & Nl costa forlh• yéar ￿tre £53,491 6 The c051 lor Ind8pendeTht Exafflinal￿n for Ihg year wll be £280. 7 Current Liabilities PAYE IHMRCI creditor 3147 Balance r1110412021 Income ÈxpÈnditUfe 12339 12339 4195 11868 32LKI 8100 1250 1250 340 Balance 3110312022 R•$trfeted Funds Thè Nation81 Loltery c￿m￿n￿ Fur¥J streÈt Games Grants Rise North East Norfh- North East Unfolding Theatre Northumbria PolKe Cnme Cofflmissioner Em8sl Cook Trust Key Fund-ChangÈ Maker5 Voluntee¥s Ac11￿ for Chldr6n Ne*rastle Cty C￿[￿7£hange Makers Vc4w¢te8rs 7673 49tKI 340 5110 2228 14670 11070 5110 1228 1467Q Captlal Prolects- Betys Hut LGA FoUn(JaI￿n Comtnunity Foundalion Tyne & Weor and Norfhurnb8rf8nd Grants GrouT¥J Work5 UK 7418 10418 7102 6898 Total 33086 61297 79703 Unr•strfeted Fund 16349 39453 9455 46347 Tot•1 Funth 49435 100750 49158 61027 9 Flx•d A•MI• offi Equlpm8nt Co$1 A8 811 Apll 2021 Addilions 015posal$ AS 8131 March 2022 99D D•pr•d•llon As at l Awl 2021 Charge for Ihe yoar 018posals As al 31 March 2022 495 495 Net Book Value at 31 March 2022