**Charity registration number 1190592**
**THE BROMSGROVE YOUTH AND COMMUNITY HUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023**
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
## **Charity number**
## **Principal address**
## **Independent examiner**
Mr T May Ms K Pascoe Revd D S Ford Mrs L Couch
Mr G Roskell
Redditch Borough Council Rev P Lewis
1190592
The Hub Bromsgrove Baptist Church New Road Bromsgrove B20 2JD
Jerroms GCN Limited West Point, Second Floor Mucklow Office Park Mucklow Hill Halesowen B62 8DY
(Appointed 11 July 2022) (Appointed 11 July 2022) (Appointed 11 July 2022) (Appointed 22 May 2023)
(Resigned 19 August 2022) (Resigned 06 September 2022) (Resigned 22 May 2023)
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9 - 18|
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **TRUSTEES' REPORT** _**FOR THE YEAR ENDED 5 APRIL 2023**_
The Trustees present their annual report and financial statements for the year ended 5 April 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The charitable objectives of The Hub are to act as a resource for young people aged between 8 - 19 years, living the Bromsgrove District of north Worcestershire. Through a diverse range of activities provision is made for the emotional, physical, psychological, educational, and spiritual well-being of all young people.
The objects of the CIO, as stated in the Constitution, are:
1. Working to address community issues within the District of Bromsgrove
2. Raising awareness of the issues and difficulties affecting the lives of young people.
3. Enhancing the lives of young people and the community within Bromsgrove.
4. Giving a platform for the young people of Bromsgrove to have a voice, and to be heard by the wider public and partnerships.
5. Cultivating a sentiment in favour of equality and diversity with young people and the community.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities should be undertaken. The Hub is not a static organisation, but able to adapt according to the presenting needs of service users.
Our current range of activities includes:
- Music tuition
- LGBTQIA+ support group
- Youth Council
- Outreach and detached youth work
- Multi-sports projects
- Empowerment groups
- Schools sessions
- Intergenerational activities
- SEN / ASD Group
The Hub promotes equality and inclusion in all that we do, from recruitment of trustees and staff, right through the design and delivery of all activities.
Through reporting and monitoring of all of our activities ensures that all of our provision is professionally delivered, and appropriate to the needs of the service users. This has been especially important since the easing of COVID-19 restrictions as we have seen a sharp uplift in mental health needs, which are presented by our service users across all activities.
- 1 -
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **Achievements and performance**
The Hub has been responding to changing and more complex needs of young people over the past 12 months. Our highly trained staff continue to develop their owns skills, as well as being able to readily identify when a young person needs to be signposted to other professionals in order to achieve the best outcomes for their circumstance.
Particular points of development that are of note for this report are as follows:
## • _**Music Sessions**_
We have extended our music offer over the past 12 months. Our main weekly music tuition sessions have continued, and we are pleased to be able to maintain this group free of charge. This enables us to target sessions to those young people who do not have access to the resources needed for paid music tuition, either at school of privately.
Music workshops are now also included at two other regular groups.
At our Friday open access sessions we are fortunate to have a skilled musician working with us to enhance the activities on offer. Several young people have engaged with this opportunity, which has included recording their own music.
Music has also become an integral part of our monthly group specifically for young people who have additional SEN / ASD needs. This provides those young people with a means of expressing themselves.
## • _**LGBTQIA+**_
Our well-established LGBTQIA+ group has continued to thrive through our weekly group in Bromsgrove. Engagement with wrap around support services offered through the group, such as mentoring, school sessions and community based projects, have developed well. We have also maintained our links to the National Youth Agency (NYA) who recognise our group as an example of good practice that can be modelled by other youth providers across the country.
Going further, we have been delighted to see the development of 2 further LGBTQIA+ groups.
“No Definitions” is a group for young people aged over 18. Those who attend have grown up through the Hub’s other groups, and so we have been pleased to be able to support them in establishing this additional group.
“Vesta Tilley” is a new group for the LGBTQIA+ community based in Worcester. The need for this group was identified through wider partnership links. The Hub has been able to facilitate the formation of the group who in time will look to become a separate organisation.
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## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## • _**Community events**_
Engagement with our local communities is a fundamental part of The Hub’s journey. Community engagement enables us to support what is going on around us and at the same time promote all that is on offer through The Hub. From community fun days to information events, being present and visible is vital.
## • _**The allotment project**_
Born out of an intergenerational engagement in previous years, we now have a group of young people engaged in an allotment project. It has been good to see young people involved in every aspect of the work, all the way through from preparing the ground, to planting the seed, tending to the plants, and on to harvesting, cooking and eating what has been grown. This project is teaching young people new skills whilst providing them with a sense of pride in their own achievements.
## • _**SEN / ASD provision**_
We believe that no one should be limited by or overlooked due to any additional support that they may need to thrive in every aspect of life. This is reflected in our monthly group that has been set up for young people with SEN / ASD – “The Unstoppables”.
Small group sessions include art, music, gaming, and outdoor activities. Those who attend can participate as much or as little as they want to, and everyone is encouraged to learn new skills.
## • _**Recognition**_
Whilst our aims and objectives as an organisation are focused on the betterment of the lives of young people and their families, we were humbled this year to receive an award from the High Sheriff of Worcestershire “in recognition of great and valuable services to the community”.
## • _**Detached Youth Work**_
The aim of our detached youth work is to take support to those young people who do not attend centre-based provision. This enables relationships of trust and acceptance to be formed whereby the young people know that our teams will approach them in nonjudgemental ways.
This works continues to be made possible through our ongoing partnerships with ReachOut Bromsgrove and Bromsgrove Street Pastors. We are all stronger together.
Towards the end of our financial year conversations began with a neighbouring District Council who are seeking our support with establishing a detached youth team in the nearby town of Droitwich. Plans are now being put in place for new detached work to begin in that area, starting early in our next financial year.
- 3 -
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## • _**Outreach Youth Work & Centre-based provision**_
As our detached work has continued, the inclusion of an outreach focus has seen more young people transfer from their own street based activities, into our centre-based provisions. Where we originally had a once a week open access centre based offer, the group had grown so much that we need to split into a twice a week model. The differentiation is made by age group.
This new approach is having a positive impact on lives and future direction of the young people, as well as changing the perception of youth related ASB problems within wider community.
Sports activities form a key part of our groups, and the provision of food is has become something of an essential for some of the young people attending. We are seeing an increase in the number of young people whose families are struggling with the rising cost of food prices as a result of the current cost of living crisis. When funding allows, the offer of food during our sessions is supplemented with food packs for young people to take home.
## **Development Plans**
In February 2023 The Hub appointed a Development Manger to assist with strengthening current Hub procedures, and to assist with further planning. The role has already enabled a significant IT infrastructure upgrade to be implemented and is continuing to progress towards the full implantation of activity monitoring systems and financial accounting packages.
A key identified need for the future sustainability and ongoing development of the organisation is a move to a larger premises. This will be a continued focus in the year ahead.
During the financial year we strengthened our governing body (Trustees) through the addition of new trustees with a broad spread of experience and expertise. This places The Hub in a strong position to build on its successes and ensure the long term development of the organisation.
## **Risk Management**
The trustees recognise their responsibility with regard to risk management. The risks to which the organisation may be exposed have been identified and documented in a risk register together with appropriate mitigation and control procedures. The risk register is monitored and updated regularly and reviewed by the trustees on an annual basis.
## **Reserves Policy**
The Hub holds reserves in restricted funds that are the unspent portion of restricted grants and donations.
The trustees have continued their aim of building up reserves in unrestricted funds, and currently meet the Charity Commission recommend level of 3-6 months operating expenditure. The purpose of these reserves is to enable the charity to operate day to day without cash flow problems and to ensure there would be enough funds held.
Financial controls are reviewed by the trustees on an annual basis.
## **Financial Review**
Some progress has been during this accounting period towards securing longer term funding in order to stabilise the future stability of the organisation. There is more to be done in this regard during the next accounting period, and this needs to be especially focused on funding for core costs.
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## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **Structure, Governance and Management**
The Hub is registered with the Charity Commission as a Charitable Incorporated Organisation (CIO). It is governed by an original Constitution dated 10th July 2020.
The charity trustees are responsible for the general control and management of the charity. The existing trustees are responsible for the recruitment of new trustees as and when the need arises for specific skills, experience and knowledge within the trustee body. Before appointment the trustees ensure that a prospective trustee understands the responsibilities they are taking on and can be relied on to carry them out responsibly.
Our organisation structure seeks to delegate responsibilities, where appropriate, to a management team who report directly to the trustees. Management sub-groups have been established to ensure that the skills and expertise of staff are included, and the voices of the young people who are our service users are heard.
Our current structure chart:
The Trustees' report was approved by the Board of Trustees.
Revd D S Ford 21[st] September 2023
- 5 -
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF THE BROMSGROVE YOUTH AND COMMUNITY HUB**
I report to the Trustees on my examination of the financial statements of The Bromsgrove Youth and Community Hub (the charity) for the year ended 5 April 2023.
## **Responsibilities and basis of report**
As the Trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) 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 come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Martin Bradley FCCA Jerroms GCN Limited**
West Point, Second Floor Mucklow Office Park Mucklow Hill Halesowen B62 8DY
Dated: 21[st] September 2023
- 6 -
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 5 APRIL 2023**_
|**Unrestricted**
**funds**
**2023**
**£**
**Restricted**
**funds**
**2023**
**£**
**Notes**
**Income from:**
Donations and
legacies
**3**
56,745
167,199
**Expenditure on:**
Charitable activities
**4**
24,193
107,963
**Net income for the year/**
**Net movement in funds**
32,552
59,236
Fund balances at 6 April
2022
42,635
31,399
**Fund balances at 5 April**
**2023**
75,187
90,635|**Total**
**Unrestricted**
**funds**
**2022**
**£**
**Restricted**
**funds**
**2022**
**£**
**2023**
**£**
223,944
45,187
63,281
132,156
14,636
62,912
91,788
30,551
369
74,034
12,084
31,030
165,822
42,635
31,399|**Total**
**2022**
**£**
108,468
77,548
30,920
43,114
74,034|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 7 -
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **BALANCE SHEET**
## _**AS AT 5 APRIL 2023**_
|**Notes**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Debtors
Cash at bank and in hand
**10**
**Creditors: amounts falling due within**
**one year**
**11**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
Unrestricted funds
**12**|**2023**
**£**
5,995
152,054
158,049
(1,137)|**£**
8,910
156,912
165,822
90,635
75,187
165,822|**2022**
**£**
3,525
70,391
73,916
(1,200)|**£**
1,318
72,716|
|---|---|---|---|---|
|||||74,034|
|||||31,399
42,635|
|||||74,034|
The financial statements were approved by the Trustees on 21[st] September 2023.
Revd D S Ford **Trustee**
- 8 -
**THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **1 Accounting policies**
## **Charity information**
The Bromsgrove Youth and Community Hub is a Charitable Incorporated Organisation (CIO) with the Charity Commission for England and Wales. It is governed by a trust deed, dated 10th July 2020, and adopted by its members.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
- 9 -
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 3 years straight line Computers 3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 10 -
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 11 -
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **3 Donations and legacies**
Donations and gifts Grants
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**£**
**2023**
**£**
51,947
4,798
74,152
93,047
56,745
167,199|**Total**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**£**
**2022**
**£**
**2022**
**£**
126,099
97,845
42,584
2,603
22,374
40,907
223,944
45,187
63,281|**Total**
**2022**
**£**
64,958
43,510
108,468|
|---|---|---|
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**THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **4 Charitable activities**
|Staff costs
Depreciation and impairment
Insurance
DBS checks
Project costs
Safety equipment
Repairs and renewals
Telephone and computer costs
Sundry expenses
Travel
Staff training
Music workshops
Room hire & rent
Bank charges
Office supplies & printing
Cleaning
Food and refreshments
Share of governance costs (see note 5)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2023**
**£**
92,726
1,483
831
276
21,700
-
-
634
1,200
56
1,465
1,842
7,415
161
511
229
547
131,076
1,080
132,156
24,193
107,963
132,156|**2022**
**£**
55,968
696
959
113
10,936
147
37
470
1,651
549
876
29
2,635
84
258
246
1,174
76,828
720
77,548
14,636
62,912
77,548|
|---|---|---|
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## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **5 Support costs**
|**Support Governance**
**costs**
**£**
**costs**
**£**
Governance costs
-
1,080
-
1,080
Analysed between
Charitable activities
-
1,080|**2023**
**£**
1,080
1,080
1,080|**2022**
**£**
720
720
720|
|---|---|---|
Governance costs includes payments to the accountants of £720 (2022- £480) for independent examiner fees.
## **6 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **7 Employees**
The average monthly number of employees during the year was:
||**2023**|**2022**|
|---|---|---|
||**Number**|**Number**|
||8|5|
|**Employment costs**|**2023**|**2022**|
||**£**|**£**|
|Wages and salaries|90,029|54,290|
|Other pension costs|2,697|1,678|
||92,726|55,968|
There were no employees whose annual remuneration was more than £60,000.
## **8 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
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## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
|**9**
**Tangible fixed assets**
**Fixtures and**
**fittings**
**£**
**Computers**
**£**
**Cost**
At 6 April 2022
Additions
139
-
2,172
9,074
At 5 April 2023
139
11,246
**Depreciation and impairment**
At 6 April 2022
Depreciation charged in the year
17
17
976
1,465
At 5 April 2023
34
2,441
**Carrying amount**
At 5 April 2023
105
8,805
At 5 April 2022
122
1,196
**10**
**Debtors**
**2023**
**£**
**Amounts falling due within one year:**
Fund debtors
5,995
**11**
**Creditors: amounts falling due within one year**
**2023**
**£**
Accruals
1,137|**Total**
**£**
2,311
9,074
11,385
993
1,482
2,475
8,910
1,318
**2022**
**£**
3,525
**2022**
**£**
1,200|
|---|---|
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## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
## **12 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement in funds**|**Movement in funds**||**Movement in funds**|**Movement in funds**||
|---|---|---|---|---|---|---|---|
||**Balance at**|**Incoming**|**Resources**|**Balance at**|**Incoming**|**Resources**|**Balance at**|
||**6 April 2021**|**resources**|**expended**|**6 April 2022**|**resources**|**expended**|**5 April 2023**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|David Morgan Music Trust|504|3,468|(3,732)|239|2,598|(2,837)|-|
|Allchurches Trust|3,950|-|-|3,950|-|-|3,950|
|Covid-19 Response|8,550|-|(8,550)|-||-||
|Worcestershire County Council - S Webb|481|-|(481)|-|1,000|(1,000)|-|
|Metro Centre|2,375|-|(2,375)|-|-||-|
|Bromsgrove Refunds|15,170||(15,170)|-|||-|
|Brewin Dolphin Street Pastors||-|||1,000||1,000|
|Bromsgrove & Redditch Network|-|267|(267)|-||||
|Awards for All|-|10,000|(7,750)|2,250||(2,250)|-|
|Postcode Local|-|17,640|(10,155)|7,485||(7,485)|-|
|BDC Equalities|-|500|(500)|-|||-|
|Tesco Community|-|500|-|500||(500)|-|
|BDC Communities (NHB)|-|5,000|-|5,000|209|(3,326)|1,883|
|TIF|-|8,170|-|8,170|9,388|(14,549)|3,009|
|RBC/CSP General Outreach|-|9,559|(9,559)|-|||-|
|RBC/CSP Street Pastors Outreach|-|3,800|(1,095)|2,705|-|(1,855)|850|
|Redditch Borough Council / CSP: Enhanced Youth Worker|-|4,378|(3,278)|1,100|17,511|(18,611)|-|
|Councillor J Robinson|||||1,500|(1,500)|-|
|Oakland International|||||250|(250)|-|
|BDC Social Prescribing|||||615|(615)|-|
|BDC Equalities Small Grants Scheme|||||900|(900)|-|
|Youth Music|||||9,100|(7,938)|1,162|
|All Saints Church|||||250|(250)|-|
|Commonwealth Games Legacy Grant|||||2,498||2,498|
- 16 -
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
|**Restricted funds**
St Godwalds Church
Youthscape 2
Mc Carthy & Stone
Street Games /Youth Justice
National Lottery Community Fund
Youth Council Project
SEN/ASD Project
West Mercia Police
Catshill PC
Worcestershire Community Fund (#iwill2022)
Wychavon COMF Funding|31,030|63,281|(62,913)|31,399|**(Continued)**
250
10,467
300
20,000
59,646
5,000
2,405
246
124
9,250
12,693
(250)
(8,938)
(300)
(18,710)
(10,910)
(2,353)
(1,013)
(246)
(124)
(635)
(620)
-
1,529
-
1,290
48,736
2,647
1,392
-
-
8,615
12,073
167,199
(107,963)
90,635|
|---|---|---|---|---|---|
## **12 Restricted funds**
During the year the charity has received grant funding from various sources with specific criteria for expenditure, including the following:
- Redditch Borough Council/CSP: Enhanced Youth Worker of £17,511. This has been the second year of a three year agreement with the Community Safety Partnership team of Redditch Borough Council to fund the cost of a 20 hour per week contracted member of staff, plus associated management costs.
-
- Youth Music of £9,100. The grant was awarded to enable the delivery of music tuition, free at the point of access.
- Youthscape 2 of £10,467. This has been the first year of a three year agreement to fund the cost of a 20 hour per week contracted member of staff, plus associated management costs.
-
- Street Games/Youth Justice of £20,000. The grant was awarded to enable the delivery of one-to-one support, empowerment groups and multi-sports sessions.
- National Lottery Community Fund of £59,646. The grant was awarded for the development of the organisation, including specific funding for salary costs of the hub manager and a new development manager.
-
- Worcestershire Community Foundation of £9,250. The grant was award for the delivery of LGBTQ+ support group and an open access group.
- Wychavon COMF funding of £12,693. Funds were received as the first payment of a contract to delivery detached youth outreach patrols in the town of Droitwich.
- 17 -
## **THE BROMSGROVE YOUTH AND COMMUNITY HUB**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2023**_
|**13**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**2023**
**£**
Fund balances at 5
April 2023 are
represented by:
**Restricted**
**funds**
**2023**
**£**
Tangible assets
Current assets/(liabilities)
8,910
66,277
-
90,635
75,187
90,635|**Total Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**£**
**2023**
**£**
**2022**
**£**
8,910
156,912
1,318
41,317
-
31,399
165,822
42,635
31,399|**Total**
**2022**
**£**
1,318
72,716
74,034|
|---|---|---|
## **14 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none).
- 18 -