(HARITY COMMISSION J FOR ENGLAND ANO WALES Trustees, Annual Report for the period From 1st April 2023 Period stsrt dats To 311l March 2024 Porlod gnd dats Charity name: Insplre Youth Yorkshire Charity registration number: 1197495 Objectives and Activities SORP Teleren Summary of the purposes of the ¢hanty as set out in rts goveming document Parn117 Providing SUPPOrt, 8dvi¢e, inlorrnation and 8Ctivities which develop their skills, capacities and Gapabilities, assist wth their ernolional. physical, rnenlal, $pirilual andlor social development and enable them lo parts'cipale in soaely as mature 3nd r&$ponsilJe individuals who are valued wrthin their communrty. bl Providing educational, re¢reational and leisure lime activities in the interests of social weff8re with a view to improving their condrtions of lrfe. cl Working with slalutory authorrties, voluntary and other organisations in a common effort to improve facilities and servi￿ provision for young people redominantl in Yorkshire. We provide young people access to 8 wide range of positive and inclusive activitie5 and development opportunitie5 across North Yorkshire and elsewhere. Enable young people's development, infom81 education, creation and ￿flectIOn opportunities. Through the use of our mobile youth base, dropin and much more. Adivilies vary in duration from weekly It) annually, one off or regular activitie5. Summary ol the main activrties in relation to those purposes for the public benefit. In particular, the activrties. projects or services identrfied in the account5. Parnl 17 Slalemenl confirrning whether the Iru51ees have had regard lo the guidan issued by the Charrty Commission on public benefir Pam 1.18 The charity trustees have acted in accordance lo the guidan￿ issued by the charity commission with regard to how they have Garried out their charity's purposes lor the public benefit. Additional infomiatlon loptionall You rna hoose to include lurther statements where relevant about.. SORP tthTenc• Porn 1.3U Polic on rant rnakin Policy on social investment Including program related investment Para 1.38 Contribution made by volunteers Pèrd 1.38 Other Achievements and Performance SORP T•*TrJnc• Inspire Youth Yorkshire IIYYI has provided range of provision that is ol benefit lo young people directly as set out in the PUTpose5. This has been through the provision of individual youth support. focused youth proje¢ts. youth engagement adivities, allemalive provisions, work5hop5. cornrnunity events, project developrnent and consultation Se￿1￿$. Building relationships with young people and their communities to hear their voi¢e and ￿sPOnd to meet their needs and wants including providing a safe spaee that enables positive relationships Wlth trusted adults. IYY offers established community provision trom our mobile youth base as well as delivery within community spaces in the heart ol local cornrnunilies. Engaging with parents. carers and other professiona15 as well as the wider ¢ornrnunty. w0￿ed in collaboration lo establish and deliver where there 15 need, especially in high need areas, where youth provision is little lo nonoxislenl especially that remains o n a¢¢ess lo oun le. Summary of the main achievements ol the ¢haTity, identifying the difference the charity's work has rnade to the circuMstan￿S of ils beneficiaries and any wider benefits to Society as a whole. PJR 1.20 Additional infomiatlon {optionall You ma choose to indude further slalements whefe felevant about.. Achievements against obj¢ctives set PAfd 1.41 Perforrnance ol fundraising activrties against obj'ectives set P4rn141 Investment performancg against objectives Pjra 141 other Financial Review Review of the charrty's financial position at the end of the period Para 1.21 The charity's financial position is positive, although lower in In¢ome, in comparison lo the previous year thi5 is not a concem more ol an awareness as some ol tho$e funds were to be carried forward to be spent in this financial year, with greater fund5 due in the following year offering security of income forlhe coming financial ear. The charity has a financial reserves policy and is working towards a reserve of 3 months ol un￿St￿Cted fund expenditure on charitable activities. Statement explaining the policy lor holding reserves slating why they are held ParJ 122 The Iruslees have a set targel of £21,000 which will cover 3 months ol running ¢osl, atthough we are not there yet over the coming year. as the charity evolves, we are working towards putting 8 percentage aside lo work towards having the 3 months of running costs in reserves. This will be reviewed annually. Th& restricted funds are nol included in the trustees view ol reserve needs because these reslrieted fvnds are held by the charity lor only as lon9 a5 is neco55ary to organise and deliver any projects. It is anlicipaled that these will be spent the followin &8r. £5.000.00 The trustee5 have decided that the charity needs lo hold a small reserve5 Pot lo cover any emergency srtuation or repair8 in the coming yèar with a view lo grow this over the coming year. In the addition the Charty ha5 a small number of contract payment that a￿ made in arrears whi¢h may wuiie a reserve amount in the fvlure. Amount of ￿erVeS htrld Reasons for holding zero reserves Para 1.22 Para 1.22 Details of fund materially in deficrt Explanation of any uncertainties about the charity ¢onlinuing as a going concern Poro 1.24 nla PAra l.YJ There are no uncert8inlies about the Charity's ability lo continue. Additional infomation loptionall You ma choose to include fvrther slalemenls where relevant 8boLrt'. The charity's principal sources of funds (including any lundraisingl P•w 1.47 Investment policy and objectives including any social investment poli¢y adopted Para 1.4fj A de5eriplion of the principal risks lacing the charity Pard 1.46 Other Structure, Governance and Management Description of charity's tfusls. Type ol goveming document Parn 1.25 Foundalion model constitution- Constitution of 8 Chartable Incorporated Organisalion whose only voting members are ils charit ITUStees. cio How is the charity consliluled? Para 1.25 Ited Trv51ee selection melhcKIs including details of any constitutional provisions e.g. election lo post Or name of any person or body entIt￿d lo appoint one or more trustees P*8125 Apart from Ihe first charity trustees. every Iruslee 15 to be appointed for a lerrn of th￿e years by a resolution passed at 8 property convened meeting of the charty trustees. In selecting individuals for 8ppointmenl as charity trustees, the charity trustees rnust have regard to the skills, knowledge and experien￿ needed lor the effective administration of (he CIO. Additional infomiatlon loptionall You ma choose to in¢lude fvrther st81ements vthere re￿vant about.. Policies and Procedures adopted for the induction and trainin9 of truslees Pw4 1.51 The ¢harrty's organisational structure and any Wlder ne￿Ork with whi¢h the charsty works PAA I.$1 Relationship wth any related parties p￿151 Other Reference and Administrative details Charit name Other name the cha uses Re istered charity number Chanty's principal address In5 ire Youth Yorkshire 1197495 10 Half Penny Close Knaresborough HG5 OTG NameB of the charity trustees who manage the ¢harlty OatsA acted11 not lorwhokry ear Name of pernon lor bodyl •ntillod Int tru8tse Tntytso n*m• Offlco Ilf •nyl Katy Quinn Louise Terzza Mary Elvzabelh Smith Natalie Taylor 10 11 12 13 14 15 16 17 18 19 20 Co rate trustees- name$ of the directors al th* date the re Dirt¢tor I￿rne ortwasa roved Name of tnjslees holding lit￿ lo property belonging to the charity Tryitee namo D•tss acted if notforwhole ear Funds held as custodian trustees on behalf of others De5CriPtion of the assets held in this capacity nla Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objeds nla Details of arrangements for sale Custody and segregation of such assets from the charity's own assets nla Additional infomiatlon loptional Names and addres¥es ol adviser¥ Ioptlonal inforniatlonl Typè gf Name Address adviser Name of chièf gxecutivo or names of sènior Staff memb•r¥ Ioptlonal Information) Jessi¢a Ward Exemptions from disclosure Reason lor non4isclo$ure of ke rsonnel details Other o tional infomiation Declarations Tho trustees d*clar• that they havè approved the trustees, r•port above. Slgned on behalf of the charity's tru$ts¢$ SSgnaturelsl Full namelsl Position leg Secretary* Chair, etcl Larv oo i (lj Ll Date 06. 11.LLF- Company No: CEO27938 Charity No: 1197495 ## **INSPIRE YOUTH YORKSHIRE** **TRUSTEES ANNUAL REPORT &** **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2024** ## **INSPIRE YOUTH YORKSHIRE** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ||**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 2024** **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 2024** 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 2024** ## **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 26th September 2024 and signed on their behalf …............................................................. Katy Quinn (Chair) page 3 ## **INSPIRE YOUTH YORKSHIRE FOR THE YEAR ENDED 31 MARCH 2024** ## **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 2024** |**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
Bookeeping and Accountancy
Consulting
Entertaining - Business
Pension Costs
**DEFICIT FOR THE YEAR**
**Note:**
Retained Funds Brought Forward
less Net Deficit for the Year
Retained Funds Carried Forward|**2024**
**£**
unrestricted
53,977
59,504
3,636
1,779
4,530
1690
6,368
558
684
1,045
684
460
100
205
3,759
3,391
1,500
140
31
90,064
-36,087
68,004
-36,087
**31,917**|**2023**
unrestricted
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
0
0
0
0
63,193
68,004
0
68,004
**68,004**| |---|---|---| page 5 ## **INSPIRE YOUTH YORKSHIRE** ## **BALANCE SHEET** ## **31 MARCH 2024** |**TANGIBLE FIXED ASSETS**
**CURRENT ASSETS**
Debtors
Cash at Bank
Cash In Hand
**CURRENT LIABILITIES**
Creditors
Corporation Tax
Accruals & Deferred Income
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**CHARITY FUNDS**
Retained Funds
**SHAREHOLDERS' FUNDS**|**2024**
**2023**
**£**
**£**
**£**
**£**
11,277
15,036 **(Note 3)**
0
0
23,424
52,968
0
0
23,424
52,968
2,094
0
**(Note 4)**
0
0
690
0
2,784
0
20,640
52,968
**31,917**
**68,004**
31,917
68,004
**31,917**
**68,004**| |---|---| page 6 ## **INSPIRE YOUTH YORKSHIRE NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **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 2024** |**2. Grants and donations**
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
LGBTQ Sports
Knaresborough Connectors
Ripon Together
North Yorkshire Sport
Coop
Knaresborough Lions
M&S
Betty & Taylors
Donations and charity events
Local Lotto
Inspire Youth 19 Ltd|**2024**
**2023**
5,500
4,080
23,689
41,569
0
1,000
0
7,995
0
18,500
1,850
5,200
0
360
0
250
4,035
19,200
500
0
200
0
300
0
200
0
2163.33
0
1500
0
924.75
0
386.8
0
12355
9558
373
155
0
23,331| |---|---| ||53,977
131,197| page 8 ## **INSPIRE YOUTH YORKSHIRE NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **3. Tangible Fixed Assets** |**COST**
Cost B/Fwd
As At 31/3/2024
**DEPRECIATION**
B/Fwd
Charge for year
As at 31/3/2024
**NET BOOK VALUE**
As at 31/3/2023
As at 31/3/2024|**Motor**
**Vehicles**
£
16,039| |---|---| ||16,039
1003
3759| ||4,762| ||11,277
15036| ## **4. Creditors** |Other Taxes & Social Security
Accruals|2094
690| |---|---| ||2784| page 9 Company No: CEO27938 Charity No: 1197495 ## **INSPIRE YOUTH YORKSHIRE** **TRUSTEES ANNUAL REPORT &** **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2024** ## **INSPIRE YOUTH YORKSHIRE** **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ||**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 2024** **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 2024** 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 2024** ## **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 26th September 2024 and signed on their behalf …............................................................. Katy Quinn (Chair) page 3 ## **INSPIRE YOUTH YORKSHIRE FOR THE YEAR ENDED 31 MARCH 2024** ## **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 2024** |**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
Bookeeping and Accountancy
Consulting
Entertaining - Business
Pension Costs
**DEFICIT FOR THE YEAR**
**Note:**
Retained Funds Brought Forward
less Net Deficit for the Year
Retained Funds Carried Forward|**2024**
**£**
unrestricted
53,977
59,504
3,636
1,779
4,530
1690
6,368
558
684
1,045
684
460
100
205
3,759
3,391
1,500
140
31
90,064
-36,087
68,004
-36,087
**31,917**|**2023**
unrestricted
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
0
0
0
0
63,193
68,004
0
68,004
**68,004**| |---|---|---| page 5 ## **INSPIRE YOUTH YORKSHIRE** ## **BALANCE SHEET** ## **31 MARCH 2024** |**TANGIBLE FIXED ASSETS**
**CURRENT ASSETS**
Debtors
Cash at Bank
Cash In Hand
**CURRENT LIABILITIES**
Creditors
Corporation Tax
Accruals & Deferred Income
**NET CURRENT ASSETS**
**TOTAL NET ASSETS**
**CHARITY FUNDS**
Retained Funds
**SHAREHOLDERS' FUNDS**|**2024**
**2023**
**£**
**£**
**£**
**£**
11,277
15,036 **(Note 3)**
0
0
23,424
52,968
0
0
23,424
52,968
2,094
0
**(Note 4)**
0
0
690
0
2,784
0
20,640
52,968
**31,917**
**68,004**
31,917
68,004
**31,917**
**68,004**| |---|---| page 6 ## **INSPIRE YOUTH YORKSHIRE NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **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 2024** |**2. Grants and donations**
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
LGBTQ Sports
Knaresborough Connectors
Ripon Together
North Yorkshire Sport
Coop
Knaresborough Lions
M&S
Betty & Taylors
Donations and charity events
Local Lotto
Inspire Youth 19 Ltd|**2024**
**2023**
5,500
4,080
23,689
41,569
0
1,000
0
7,995
0
18,500
1,850
5,200
0
360
0
250
4,035
19,200
500
0
200
0
300
0
200
0
2163.33
0
1500
0
924.75
0
386.8
0
12355
9558
373
155
0
23,331| |---|---| ||53,977
131,197| page 8 ## **INSPIRE YOUTH YORKSHIRE NOTE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **3. Tangible Fixed Assets** |**COST**
Cost B/Fwd
As At 31/3/2024
**DEPRECIATION**
B/Fwd
Charge for year
As at 31/3/2024
**NET BOOK VALUE**
As at 31/3/2023
As at 31/3/2024|**Motor**
**Vehicles**
£
16,039| |---|---| ||16,039
1003
3759| ||4,762| ||11,277
15036| ## **4. Creditors** |Other Taxes & Social Security
Accruals|2094
690| |---|---| ||2784| page 9