Trustees’ Annual Report for the period
From January 2022 Period start date To 31[st] March 2023 Period end date Charity name: Inspire Youth Yorkshire
Charity registration number: 1197495
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Providing support, advice, information and activities which develop their skills, capacities and capabilities, assist with their emotional, physical, mental, spiritual and/or social development and enable them to participate in society as mature and responsible individuals who are valued within their community. b) Providing educational, recreational and leisure time activities in the interests of social welfare with a view to improving their conditions of life. c) Working with statutory authorities, voluntary and other organisations in a common effort to improve facilities and service provision for young people predominantly in Yorkshire. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
We provide young people access to a wide range of positive and inclusive activities and development opportunities across North Yorkshire and elsewhere. Enable young people development, informal education, creation and reflection opportunities. Through the use of our mobile youth base, drop-in and much more. Activities vary in duration from weekly to annually, one off or regular activities. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The charity trustees have acted in accordance to the guidance issued by the charity commission with regard to how they have carried out their charity’s purposes for the public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Inspire Youth Yorkshire has provided a range of provision that is of benefit to young people directly as set out in the purposes. This has been through the provision of individual youth support, focused youth projects, youth engagement activities, alternative provisions, workshops, community events, project development and consultation services. We have built relationship with young people, hear their voice and responded to meet their needs and wants including providing a safe space that enables positive relationships with trusted adults. We have established community provision from our mobile youth base as well as delivery within community spaces in heart of local communities. Engaged with parents, carers and other professionals. Worked in collaboration to establish and deliver where there is need, especially in high need areas, where youth provision is little to non- existent especially that remains open access to young people. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 |
|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
|---|---|---|
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity’s financial position is positive, we cannot compare the annual income and expenditure figures as this is our first year, we do not have any accounts to compare to. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity does not currently have a policy because they do not have any reserves, however the trustees have a statement to agree to creating a policy and working towards a reserve of 3 months of unrestricted fund expenditure on charitable activities. The trustees will set a target amount in the coming year, as the charity evolves and work towards putting a percentage aside to work towards having 3 months of running costs in reserves. This will be reviewed annually. The restricted funds are not included in the trustees view of reserve needs because these restricted funds are held by the charity for only as long as is necessary to organise and deliver any projects. It is anticipated that these will be spent the following year. |
| Amount of reserves held | Para 1.22 | £0.00 |
| Reasons for holding zero reserves |
Para 1.22 | The charity is within its first year of operation. The trustees have decided that the charity needs to hold a small reserves pot to cover any emergency situation or repairs in the coming year. In the addition the charity has a small number of contract payment that are made in arrears which may require a reserve amount in the future. |
| Details of fund materially in deficit |
Para 1.24 | n/a |
| Explanation of any uncertainties about the |
Para 1.23 | There are no uncertainties about the charity's ability to continue. |
charity continuing as a going concern
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Foundation model constitution - Constitution of a Charitable Incorporated Organisation who’s only voting members are its charity trustees. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Apart from the first charity trustees, every trustee is to be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
| Charity name | Inspire Youth Yorkshire |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1197495 |
| Charity’s principal address | 9-10 Half Penny Close Knaresborough HG5 0TG |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| KatyQuinn | ||||
| Louise Terzza | ||||
| Mary Elizabeth Smith |
||||
| Natalie Taylor | ||||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Jessica Ward
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(8) Full name(s) Position (eg Secretary, Chair, etc) @LJILJLJ CHrtI 19 /0112024- Dats
Company No: CEO27938 Charity No: 1197495
INSPIRE YOUTH YORKSHIRE
TRUSTEES ANNUAL REPORT &
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
INSPIRE YOUTH YORKSHIRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Trustees | 2 |
| Independent Examiners Report | 4 |
| Income & Expenditure Statement | 5 |
| Balance Sheet | 6 |
| Notes | 7 |
INSPIRE YOUTH YORKSHIRE
CHARITY & COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2023
GENERAL MANAGER: Jessica Ward TRUSTEES: Katy Quinn Louise Terzza Elizabeth Smith Natalie Taylor
REGISTERED OFFICE: Oaktree Farm Bullamoor Road Northallerton DL6 3RA
REGISTEREDCOMPANY NUMBER: CEO27938 REGISTERED CHARITY NUMBER: 1197495
ACCOUNTANTS: SJW Business Solutions Thornborough Hall Moor Road Leyburn North Yorkshire DL8 5AB
page 1
INSPIRE YOUTH YORKSHIRE
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Charity was registered during 2022; pre incorporation income and expendiure have been included in the financial statements.
We provide young people access to a wide range of positive and inclusive activities and development opportunities across North Yorkshire and elsewhere. Enable young people development, informal education, creative and reflective opportunities. More specifically :-
Individual Youth Support
We offer a responsive and effective one to one support package for young people in a formal capacity (over several weeks) or as an informal discussion. We support individuals to identify (and help us understand) their needs. This could be with regards to health, wellbeing, lifestyle or career aspiration or anything else relevant to enable them to achieve their full potential in their transition to adulthood
Focused Youth Projects
Development and delivery of bespoke projects tailored to meet the needs of young people and their communities, on a more long-term basis. Either independently by Inspire Youth or in association with other services.
We currently deliver youth projects providing a safe space combining fun, fitness, food creations and issue-based activities for young people aged 11-16 in various areas through support from North Yorks Sport.
Youth Engagement
Supporting young people to engage, focus or motivate them in education and/or communities. Delive intervention packages to support making positive choices and greater future prospects.
Alternative Provisions
We offer a selection of awards that young people can sign up to such as the babysitting course twice year and a young leader award which we recruit as and when projects are established enough to supp We also get involved with local community events or celebration and awareness raising events where possible, aiming to engage the whole family, offering a selection of fun activities and informal learning.
page 2
INSPIRE YOUTH YORKSHIRE
TRUSTEES ANNUAL REPORT (Cont'd) FOR THE YEAR ENDED 31 MARCH 2023
Parents or Professional Workshops
From time to time we offer opportunities for parents of professionals to gain information, skills and knowledge on issues effecting or involving young people today and enhance the support network around you in the process. Topics may include Exploitation, Drugs, Relationships, Parenting Implementing change, Identity, Mental Wellbeing, Festivals, Social media, Transition and much more.
Bespoke Tailored Workshops
Interactive and engaging workshops covering particular subjects ;to raise awareness or other identified needs. Topics may include Exploitation, Drugs, Relationships, Sexual health, Social media, Social media, Keeping safe, Implementing change, Identity, Mental Wellbeing, Coping strategies, Festivals, independence, Transition and much more.
Project Development and Consultation Services
Professional service offering support or information on setting up, developing or enhancing services offered to young people, this can be with other professionals or young people themselves to get ad idea off the ground.
We can assist with funding, generating or maintaining the audiences, full consultations to aid development or full set up of a project.
Mobile Youth Base
We are excited to have launched our versatile Mobile Youth Base, as a creative approached to enable us to continue to offer a dedicated space for young people throughout the coronavirus pandemic and beyond. It enablesus to continue face to face delivery and be mobile in doing so. It features a smart Television screen, speaker, whiteboard and sensory lighting, laptop, kitchen facilities, table, and seating area inside. Arts and crafts, games, undercover area with table and seats, table tennis, full size football goals and other sports equipment, a Playstation 4 and a selection of games kindly donated by Harrogate Town AFC Community Foundation.
Approval
The report of the members of the board of Trustees was approved on 10 January 2024 and signed on their behalf
…............................................................. Katy Quinn (Chair)
page 3
INSPIRE YOUTH YORKSHIRE FOR THE YEAR ENDED 31 MARCH 2023
INDEPENDENT EXAMINERS REPORT
The records of the Charity were reviewed and explanations obtained from the General Manager.
The accounts were examined and found to agree to the clerical records of the Charity.
SJW Business Solutions Thornbourough Hall Moor Road Leyburn North Yorkshire DL8 5AB
page 4
INSPIRE YOUTH YORKSHIRE
INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
| GRANTS, DONATIONS & SUNDRY FUNDS RECEIVED less EXPENDITURE Staff Costs Rent Resources & Equipment Facility Hire Refreshments Vehicle Running Costs Advertising & Marketing Staff Training Insurance Phones & Communications Protective Clothing Repairs & Maintenace Printing & Stationery Depreciation SURPLUS FOR THE YEAR Note: Retained Funds Brought Forward add Net Surplus for the Year Retained Funds Carried Forward |
unrestricted 2023 £ 131,197 (Note 2) 44,499 1,830 3,414 4,317 671 4,155 144 1,450 963 344 120 42 240 1,003 63,193 68,004 0 68,004 68,004 |
|---|---|
page 5
INSPIRE YOUTH YORKSHIRE
| INSPIRE YOUTH YORKSHIRE | |||
|---|---|---|---|
| BALANCE | SHEET | ||
| 31 MARCH 2023 | |||
| 2023 | 2023 | ||
| £ | £ | ||
| TANGIBLE FIXED ASSETS | 15,036 (Note 3) | ||
| CURRENT ASSETS | |||
| Debtors | 0 | ||
| Cash at Bank | 52,968 | ||
| Cash In Hand | 0 | ||
| 52,968 | |||
| CURRENT LIABILITIES | |||
| Corporation Tax | 0 | ||
| Accruals & Deferred Income | 0 | ||
| 0 | |||
| NET CURRENT ASSETS | 52,968 | ||
| TOTAL NET ASSETS | 68,004 | ||
| CHARITY FUNDS | |||
| Retained Funds | 68,004 | ||
| SHAREHOLDERS' FUNDS | 68,004 |
signed
date
Jessica Ward
page 6
INSPIRE YOUTH YORKSHIRE NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommeded Practice:Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standardapplicable in the UK and rebublic of Ireland (FRS 102)(effective 1 January 2019) and with the charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are only included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that
the trustees will receive the resources and monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performnce.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability incurred.Liabilities are recognised where it is more likely than not, that there is a legal or constructive
obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from
corporation tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £2,500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt.
Depreciation is provided at a rate calculated to write off the cost of each asset over it's estimated useful life as follows :-
Motor vehicles - 25% reducing balance
page 7
INSPIRE YOUTH YORKSHIRE NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
2. Grants and donations
RESTRICTED UNRESTRICTED
| Knaresborough Town Council NYCC Ripon City Council Two Ridings Community Waugh Trust Rotary City of York Council South Bank Ripon Recycling Fund North Yorkshire Police Donations and charity events Local Lotto Inspire Youth 19 Ltd Fixed Assets COST Additions As At 31/3/2023 DEPRECIATION Charge for year As at 31/3/2023 NET BOOK VALUE As at 31/3/2023 |
Motor Vehicles £ 16,039 |
4,080 41,568 1000 7,995 18,500 5,200 360 250 19,200 9558 155 23331 |
|---|---|---|
| 91,343 39,854 |
||
| 16,039 | ||
| 1,003 | ||
| 1,003 | ||
| 15,036 |
3. Tangible Fixed Assets
page 8
Company No: CEO27938 Charity No: 1197495
INSPIRE YOUTH YORKSHIRE
TRUSTEES ANNUAL REPORT &
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
INSPIRE YOUTH YORKSHIRE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Trustees | 2 |
| Independent Examiners Report | 4 |
| Income & Expenditure Statement | 5 |
| Balance Sheet | 6 |
| Notes | 7 |
INSPIRE YOUTH YORKSHIRE
CHARITY & COMPANY INFORMATION FOR THE YEAR ENDED 31 MARCH 2023
GENERAL MANAGER: Jessica Ward TRUSTEES: Katy Quinn Louise Terzza Elizabeth Smith Natalie Taylor
REGISTERED OFFICE: Oaktree Farm Bullamoor Road Northallerton DL6 3RA
REGISTEREDCOMPANY NUMBER: CEO27938 REGISTERED CHARITY NUMBER: 1197495
ACCOUNTANTS: SJW Business Solutions Thornborough Hall Moor Road Leyburn North Yorkshire DL8 5AB
page 1
INSPIRE YOUTH YORKSHIRE
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Charity was registered during 2022; pre incorporation income and expendiure have been included in the financial statements.
We provide young people access to a wide range of positive and inclusive activities and development opportunities across North Yorkshire and elsewhere. Enable young people development, informal education, creative and reflective opportunities. More specifically :-
Individual Youth Support
We offer a responsive and effective one to one support package for young people in a formal capacity (over several weeks) or as an informal discussion. We support individuals to identify (and help us understand) their needs. This could be with regards to health, wellbeing, lifestyle or career aspiration or anything else relevant to enable them to achieve their full potential in their transition to adulthood
Focused Youth Projects
Development and delivery of bespoke projects tailored to meet the needs of young people and their communities, on a more long-term basis. Either independently by Inspire Youth or in association with other services.
We currently deliver youth projects providing a safe space combining fun, fitness, food creations and issue-based activities for young people aged 11-16 in various areas through support from North Yorks Sport.
Youth Engagement
Supporting young people to engage, focus or motivate them in education and/or communities. Delive intervention packages to support making positive choices and greater future prospects.
Alternative Provisions
We offer a selection of awards that young people can sign up to such as the babysitting course twice year and a young leader award which we recruit as and when projects are established enough to supp We also get involved with local community events or celebration and awareness raising events where possible, aiming to engage the whole family, offering a selection of fun activities and informal learning.
page 2
INSPIRE YOUTH YORKSHIRE
TRUSTEES ANNUAL REPORT (Cont'd) FOR THE YEAR ENDED 31 MARCH 2023
Parents or Professional Workshops
From time to time we offer opportunities for parents of professionals to gain information, skills and knowledge on issues effecting or involving young people today and enhance the support network around you in the process. Topics may include Exploitation, Drugs, Relationships, Parenting Implementing change, Identity, Mental Wellbeing, Festivals, Social media, Transition and much more.
Bespoke Tailored Workshops
Interactive and engaging workshops covering particular subjects ;to raise awareness or other identified needs. Topics may include Exploitation, Drugs, Relationships, Sexual health, Social media, Social media, Keeping safe, Implementing change, Identity, Mental Wellbeing, Coping strategies, Festivals, independence, Transition and much more.
Project Development and Consultation Services
Professional service offering support or information on setting up, developing or enhancing services offered to young people, this can be with other professionals or young people themselves to get ad idea off the ground.
We can assist with funding, generating or maintaining the audiences, full consultations to aid development or full set up of a project.
Mobile Youth Base
We are excited to have launched our versatile Mobile Youth Base, as a creative approached to enable us to continue to offer a dedicated space for young people throughout the coronavirus pandemic and beyond. It enablesus to continue face to face delivery and be mobile in doing so. It features a smart Television screen, speaker, whiteboard and sensory lighting, laptop, kitchen facilities, table, and seating area inside. Arts and crafts, games, undercover area with table and seats, table tennis, full size football goals and other sports equipment, a Playstation 4 and a selection of games kindly donated by Harrogate Town AFC Community Foundation.
Approval
The report of the members of the board of Trustees was approved on 10 January 2024 and signed on their behalf
…............................................................. Katy Quinn (Chair)
page 3
INSPIRE YOUTH YORKSHIRE FOR THE YEAR ENDED 31 MARCH 2023
INDEPENDENT EXAMINERS REPORT
The records of the Charity were reviewed and explanations obtained from the General Manager.
The accounts were examined and found to agree to the clerical records of the Charity.
SJW Business Solutions Thornbourough Hall Moor Road Leyburn North Yorkshire DL8 5AB
page 4
INSPIRE YOUTH YORKSHIRE
INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
| GRANTS, DONATIONS & SUNDRY FUNDS RECEIVED less EXPENDITURE Staff Costs Rent Resources & Equipment Facility Hire Refreshments Vehicle Running Costs Advertising & Marketing Staff Training Insurance Phones & Communications Protective Clothing Repairs & Maintenace Printing & Stationery Depreciation SURPLUS FOR THE YEAR Note: Retained Funds Brought Forward add Net Surplus for the Year Retained Funds Carried Forward |
unrestricted 2023 £ 131,197 (Note 2) 44,499 1,830 3,414 4,317 671 4,155 144 1,450 963 344 120 42 240 1,003 63,193 68,004 0 68,004 68,004 |
|---|---|
page 5
INSPIRE YOUTH YORKSHIRE
| INSPIRE YOUTH YORKSHIRE | |||
|---|---|---|---|
| BALANCE | SHEET | ||
| 31 MARCH 2023 | |||
| 2023 | 2023 | ||
| £ | £ | ||
| TANGIBLE FIXED ASSETS | 15,036 (Note 3) | ||
| CURRENT ASSETS | |||
| Debtors | 0 | ||
| Cash at Bank | 52,968 | ||
| Cash In Hand | 0 | ||
| 52,968 | |||
| CURRENT LIABILITIES | |||
| Corporation Tax | 0 | ||
| Accruals & Deferred Income | 0 | ||
| 0 | |||
| NET CURRENT ASSETS | 52,968 | ||
| TOTAL NET ASSETS | 68,004 | ||
| CHARITY FUNDS | |||
| Retained Funds | 68,004 | ||
| SHAREHOLDERS' FUNDS | 68,004 |
signed
date
Jessica Ward
page 6
INSPIRE YOUTH YORKSHIRE NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommeded Practice:Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standardapplicable in the UK and rebublic of Ireland (FRS 102)(effective 1 January 2019) and with the charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are only included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that
the trustees will receive the resources and monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performnce.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability incurred.Liabilities are recognised where it is more likely than not, that there is a legal or constructive
obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from
corporation tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £2,500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt.
Depreciation is provided at a rate calculated to write off the cost of each asset over it's estimated useful life as follows :-
Motor vehicles - 25% reducing balance
page 7
INSPIRE YOUTH YORKSHIRE NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
2. Grants and donations
RESTRICTED UNRESTRICTED
| Knaresborough Town Council NYCC Ripon City Council Two Ridings Community Waugh Trust Rotary City of York Council South Bank Ripon Recycling Fund North Yorkshire Police Donations and charity events Local Lotto Inspire Youth 19 Ltd Fixed Assets COST Additions As At 31/3/2023 DEPRECIATION Charge for year As at 31/3/2023 NET BOOK VALUE As at 31/3/2023 |
Motor Vehicles £ 16,039 |
4,080 41,568 1000 7,995 18,500 5,200 360 250 19,200 9558 155 23331 |
|---|---|---|
| 91,343 39,854 |
||
| 16,039 | ||
| 1,003 | ||
| 1,003 | ||
| 15,036 |
3. Tangible Fixed Assets
page 8