##
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|Trustees||ARamos||(Appointed|17November|2023)|
|---|---|---|---|---|---|---|
|||SEdwards||(Appointed|17November|2023)|
|||KPoison|||||
|||AKay||(Appointed|17November|2023)|
|||D Pugh||(Appointed|17November|2023)|
|||MJGarrod|||||
|||DPWood|||||
|||FBeecher|||||
|CEO||N Connolly|||||
|Chairperson||ARamos|||||
|Charity number||1201811|||||
|Company|number|14101070|||||
|Registered|ofgce|23-27StAndrews|Street||||
|||Notuoch|||||
|||NR2 4TP|||||
|Auditor||Simpson Wreford LLP|||||
|||Wellesley House|||||
|||Duke ofWellington|Avenue||||
|||Royal Arsenal|||||
|||London|||||
|||SE186SS|||||
##
|||Page|
|---|---|---|
|CEO's statement|||
|Chairperson's
statement|||
|Trustees' report|||
|Independent
auditor's|report|IO- 13|
|Statement offinancial|acntnties|14|
|Balance sheet|||
|Statement ofcash flows||16|
|Notes to the finanaal|statements|17-33|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||Dec2023|Dec 2023|Dec 2023|Mar 2023|Mar 2023|Mar 2023|
||Notes|||||||
|Income from:||||||||
|Donations
and legacies|3|346,883|668,708|1,015,591|477,641|521,210|99S,S51|
|Charitable
activities|4|2,821||2,821||||
|Total income||349,704|668,708|1,018,412|477,641|521,210|998,851|
|Expenditure
on:||||||||
|Raising funds||157,787||157,787||||
|Charitable
activities||189,723|737,933|927,656|5,799|13,146|18,945|
|Total expenditure||347,510|737,933|1,085,443|5,799|13,146|18,945|
|Net income/(expenditure)||2,194|(69,225)|(67,031)|471,842|508,064|979.906|
|Transfers
between funds||(24,184)|24,184|||||
|Net movement
in funds||(21,990)|(45,041)|(67,031)|471,842|508,064|979,906|
|Reconciliatioa offuadsi||||||||
|Fund balances at I April|2023|471,842|508,064|979,906||||
|Fund balances at31December||||||||
|2023||449,852|463,023|912,875|471,842|508,064|979.906|
##
##
||||||Dec 2023||Mar 2023|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Fixed assets||||||||
|Intangible
assets|||||10,150|||
|Tangible assets|||||7,512||9,245|
|Current assets|||||17,662||9,245|
|Debtors||||198,216||963,468||
|Cash at bank and in|hand|||812,832||29,895||
|Creditors: amounts|falling due within one|||1,011,048||993,363||
|year||||115,835||22,702||
|Net cmrent assets|||||895,213||970,661|
|Total assets less current||liabiTities|||912,875||979,906|
|The funds ofthe charity||||||||
|Restricted income funds
Vnreatricted
funds|||||463,023
449,852||508,064
471,842|
||||||912,875||979,906|
##
##
||||||Dec 2023||Mar 2023|
|---|---|---|---|---|---|---|---|
||||Notes|||||
|Cash flows from operating
activities||||||||
|Cash generated
from operations|||23||795,117||39,140|
|Investing|activities|||||||
|Purchase|ofintangible
assets|||(12,180)||||
|Purchase|oftangible fixed|assets||||(9,245)||
|Net cash|used in investing|activities|||(12,180)||(9,245)|
|Net cash|used in financing|activities||||||
|Net incmase in cash and cash equivalents|||||782,937||29,895i|
|Cash aud|cash equivalents|at begrnmng ofperiod|||29,895|||
|Cash and|cash equivalents|at end ofperiod|||812,832||29,895|
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||||Unrestricted|Restricted|Total|Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||Dec 2023
f|Dec2023
f|Dec 2023|Mar 2023f|Mar 2023|Mar 2023|
|Donations||and gifts|326,883|287,620|614,503|477,641|521,2]0|998,851|
|Grants receivable||||381,0SS|381,088||||
|Sponsorship||fees|20,000||20,000||||
||||346,883|668,708|1,015,591|477,641|521,210|998,851|
|Grants receivable|||||||||
|LandAid||||96,088|96,088||||
|John Laing||Charitable|||||||
|Tout||||150,000|150,000||||
|The Albert||Hunt Trust||25,000|25,000||||
|The Morrisons Foundation||||100,000|100,000||||
|Insurance|Industry||||||||
|Charitable||Foundanon||10,000|10,000||||
|||||381,088|381,088||||
##
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##
|Fundraising|and publicity|
|---|---|
|Advertising||
|Ststfcosts||
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|Dec 2023|Mar 2023|
||g|
|8,582||
|149,205||
|157,787||
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##
##
|Previous period:|Previous period:|||Central|Employabilit|Housing|Total|
|---|---|---|---|---|---|---|---|
||||||y Boost|Fund||
|||||Mar 2023|Mar 2073|Mar 2023|Mar 2023|
|||||8|8|8||
|Direct costs||||||||
|Bookkeeping||||1,300|||1,300|
|Consultancy|costs|||700|||700|
|Entertainment||||254|||254|
|Legal and professional||fees||1,990|||1,990|
|ITsottware|and consumables|||1,398|||1,398|
|Postage||||90|||90|
|Telephone||||67|||67|
|||||5,799|||5,799|
|Grant funding ofactivities (see note 8)|||||8,526|4,620|13,146|
|||||5,799|8,526|4,620|18,945|
|Analysis
by|fund|||||||
|Vnrestricted|funds|||5,799|||5,799|
|Restricted funds|||||8,526|4,620|13,146|
|||||5,799|8,526|4,620|18,945|
|Description|efcharitable||actiirities|||||
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||Employabilit|Housing||
|---|---|---|---|
||y Beost|Fund||
|||g||
|Grants to delivery partners|8.526|4,620|13,146|
|Auditor's
remuneration||||
|Fees payable to the charity's auditor and associates:||Dec 2023|Mar 2023|
|For audit services||||
|Audit ofthe financial
statemmts ofthe charity||8,400||
|For other services||||
|Other assurance
services||2,400||
##
##
|||Dec 2023|Mar 2023|
|---|---|---|---|
|||Number|Number|
|Employment|costs|Dec 2023|Mar 2023|
|Wages and salaries||294,460||
|Social security|costs|25,337||
|Other pension|costs|14,512||
|||334,309||
##
##
|Employees||||||||(Continued)|
|---|---|---|---|---|---|---|---|---|
|The number of|employees|whose annual||remuneration||was more than f60,000 is|||
|as follows:|||||||||
||||||||Dec 2023|Mni'2023|
||||||||Number|Number|
|f60,001tof70,000|||||||||
|580,001tof90,000|||||||||
|Remuneration|ofhey management||personnel||||||
|The remuneration|ofkey management||personnel||is as|follows.|||
|Aggregate compensation|||||||112,529||
##
##
|Cost||
|---|---|
|At 1April 2023||
|Additions|12,180|
|At 31December 2023|12,180|
|Amortisation
and impairment||
|At I April 2023||
|Amortisauon
charged for the penod|2.030|
|At 31December 2023|2,030|
|Carrying
amount||
|At 31December 2023|10,150|
|At 31 March 2023||
##
##
|14|Taagible fixed assets|||||
|---|---|---|---|---|---|
||||||Computers|
||Cost|||||
||At 1April 2023||||9,245|
||At 31December 2023||||9,245|
||Depreciation
and impairment|||||
||Depreciation
charged|in the period|||1,733|
||At 31December 2023||||1,733|
||Carrying
amount|||||
||At 31 December 2023||||7,512|
||At 31March 2023||||9,245|
|15|Debtors|||||
|||||Dec 2023|Mar 2023|
||Amouots Ming due|within oue year:||||
||Trade debtors|||183,565|929,715|
||Other debtors|||11,555|2,141|
||Prepaymeats
and accrued income|||3,096|31,612|
|||||198,216|963,468|
|16|Creditors: amounts|falling due within one year||||
|||||Dec 2023|Mar 2023|
||||Notes|8|g|
||Other taxation and somal security|||17,736||
||Grants||17|20,000||
||Trade creditors|||62,927|22,702|
||Other creditors|||4,372||
||Accruals snd deferred|income||10,800||
|||||115,835|22,702|
##
##
||||||
|---|---|---|---|---|
|Grants||||(Confinued)|
||||Dec 20Z3|Mar Z823|
||||8||
|Deferred|mcome is included|within:|||
|Current|liabihties||20,000||
|Movements
in the period:|||||
|Deferred|income at I April|2023|||
|Resources deferred in the period|||20,000||
|Deferred|income at 31December 2023||20,000||
##
##
##
|||AtIApii1 2023|Incoming|Resources|Transfers|At 31|
|---|---|---|---|---|---|---|
||||resources|expended||December|
|||||||Z023|
|||||||8|
|Health fund||1,161|100,000|(63,430)||37,731|
|Employabdity|fund|112,439|142,413|(222,700)||32,152|
|Bursary fund||39,273|25,000|(41,770)||22,503|
|Housing
fund||302,113|185,140|(224,294)||262,959|
|Restricted grants||28,942||||28,942|
|Contingency|fund|24,136||||24,136|
|Future Builders fund|||150,000|(173,750)|23,750||
|Super Boost|||60,000|(5,400)||54,600|
|Central|||6,155|(6,589)|434||
|||508,064|668,708|(737,933)|24,184|463,023|
##
##
|19|Restricted funds||||||||||(Continued)|(Continued)|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||Previous period:|||At 1|April|2021||Incoming|Resources|Transfers|At 31|March|
|||||||||msources|expended
f|f||1023|
||Health
fund|||||||1,161||||1,161|
||Employability
fund|||||||112,439|||112,439||
||Bursary fund|||||||47,799|(8,526)|||39,273|
||Housing
fund|||||||306,733|(4,620)||302,113||
||Restricted grants|||||||28,942||||28,942|
||Contmgency
fund|||||||24,136||||24,136|
|||||||||521,210|(13,146)||508,064||
|20|1/nrestricted
funds||||||||||||
||The unrestricted|funds ofthe|charity||comprise||the unexpended
balances of donations|||and grants|which|are not|
||subject to specific conditions||by donors and|||grantors||as to how they|may be used. These include designated|||funds|
||which have been|set aside out|ofunrestricted|||funds by||the trustees for|speafic purposes.||||
|||||At 1April||2023||Incoming|Resources|Transfers||At 31|
|||||||||resallrccs|expended||December||
|||||||||||||2023f|
||General funds||||471,842|||349,704|(347,510)|(24,1$4)|449,852||
||Pmvious period:|||At 1April||2022||Incoming|Resources|Transfers|At 31|March|
|||||||||resollrces|expended|||2023|
|||||||||f|f|||f,|
|||||||||477,641|(5,799)||471.842||
|21|Analysis ofnet assets between|||funds|||||||||
||||||||||Unrestricted|Restricted||Total|
||||||||||funds|funds|||
||||||||||Dec 2023|Dec 2023|Dec 2023||
||||||||||f|f|||
||Fund balances at 31December 2023||||are represeated|||by:|||||
||Intangible
fixed assets||||||||10,150|||10,150|
||Tangible assets||||||||7,512|||7,512|
||Current assets/(liabilities)||||||||432,190|463,023|895,213||
||||||||||449,$51|463,023|912,875||
##
|21|Analysis ofnet assets between funds||||(Continued)|
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds||
||||Mar 2023
f|Mar 2023f|Mar 2023|
||Fuad balaaces at31March 2023are represeated|by:||||
||Tangible assets||9,245||9,245|
||Current assets/(liabilities)||462,597|508,064|970,661|
||||471,042|500,064|979,906|
##
##
##
##
##
||and Wales. Every Youth|pard f)02,003 in grants to the charity in the pe|riod.||
|---|---|---|---|---|
|23|Cash geaerated from|operations|Dec 2023
f|Mar 2023|
||(Deficit)/surpus
for the|period|(67,031)|979,906|
||Adjustments
for:||||
||Depreciation
and impairment oftangible fixed assets||3,763||
||hlovements
in working|capital:|||
||Decrease/(increase)
in|debtors|765,252|(963,460)|
||Increase in creditors||73,133|22,702|
||Increase m deferred income||20,000||
||Cash generated
from|operations|795.117|39,140|
##