CHARITY REGISTRATION NUMBER: 1201998
Byachad Youth Project Unaudited Financial Statements 28 February 2025
HAFFNER HOFF LTD
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
Byachad Youth Project
Financial Statements
Year ended 28 February 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
Byachad Youth Project
Trustees' Annual Report
Year ended 28 February 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 28 February 2025.
Reference and administrative details
| Registered charity name | Byachad Youth Project |
|---|---|
| Charity registration number | 1201998 |
| Principal office | 8 Cavendish Road |
| Salford | |
| M7 4WW | |
| The trustees | G Rose |
| E Schleider | |
| C D M Nissenbaum | |
| Independent examiner | Mr Howard Schwalbe ACA |
| 2nd Floor - Parkgates | |
| Bury New Road | |
| Prestwich | |
| Manchester | |
| M25 0TL |
Structure, governance and management
Byachad Youth Project is constituted by a constitution and is a Charitable Incorporated Organisation (CIO). It was registered as a charity on 17 February 2023 with a charity number 1201998.
There is no chief executive officer. The day-to-day affairs are undertaken by the trustees. All major decisions are taken collectively by the trustees, and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity's employees are the sole domain of the trustees.
There are no policies for the induction or training of new trustees.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from ineffective grant making. These risks are managed by the trustees researching potential beneficiaries before granting donations.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants.
- 1 -
Byachad Youth Project
Trustees' Annual Report (continued)
Year ended 28 February 2025
Objectives and activities
The objects of the CIO are:
To advance in life relieve needs of and help young people through
-
(A) The provision of recreational and leisure time activities, in the evenings after school and during holidays, provided in the interest of social welfare, designed to improve their conditions of life;
-
(A) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
Grant making policy
The charity is funded by donations and grants. The charity gives out grants in line with the above objects.
There were no grants paid to institutions or individuals during the year.
The trustees consider they have met the public benefit test and outline these achievements below.
The trustees measure the success of achieving the stated aims by the number and value of grants paid out for each object. The grants paid out in the year are detailed in the notes to the accounts and the trustees consider they have met their aims successfully this year.
The trustees consider the shorter-term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.
- 2 -
Byachad Youth Project
Trustees' Annual Report (continued)
Year ended 28 February 2025
Achievements and performance
The charity received £138,912 (2024: £92,201) in donations and grants during the year. The charity paid out £259,292 (2024: £102,029) directly for youth club expenditure including materials, equipment, refreshments, play workers, other direct costs and support costs.
The trustees consider the above expenditure is in line with the objects of the charity.
The charity has governance costs that comprise professional fees and sundry office costs.
The trustees wish to express their appreciation to the various grant making authorities listed in the grant income note to the accounts. The trustees are certain that without their support these youth clubs would simply not have taken place.
There were no material fundraising costs during the year.
Related party transactions in the reporting period, are reported in the accounts.
The split between restricted and unrestricted funds is as disclosed on the face of the SOFA.
There was an overall net expenditure and net movement in funds for the year amounting to £120,380 (2024: £9,828) of which £109,710 relates to unrestricted funds and £10,670 relates to restricted funds.
Financial review
The trustees feel that the activity reflects the profile and standing within the local community. The impact for future year's expenditure is self-evident, and the trustees would like to record their appreciation for all the financial support received from benefactors during the course of the year.
Reserves policy
The unrestricted fund and the restricted fund represent funds arising from past operating results.
The unrestricted fund is overdrawn by £130,208 (2024: £20,498). The trustees are aware of this overdrawn fund and consider the charity to be a going concern for the following reason. One of the trustees has lent significant funds to the charity during the year on a long-term basis. The trustee has confirmed that he will not call in his loan to the detriment of the cash flow of the charity.
It is appropriate therefore to account for the charity as a going concern.
The trustees are delighted to have made many valuable contributions to the community and hope to be able to do so for many years to come.
The free reserves of the charity, represented by the net current liabilities stand at £6,995 (2024: assets of £17,211) all of which are unrestricted (2024: assets of £10,670 which were restricted funds and £6,541 of unrestricted funds).
- 3 -
Byachad Youth Project
Trustees' Annual Report (continued)
Year ended 28 February 2025
The trustees' annual report was approved on 10 December 2025 and signed on behalf of the board of trustees by:
C D M Nissenbaum Trustee
- 4 -
Byachad Youth Project
Independent Examiner's Report to the Trustees of Byachad Youth Project
Year ended 28 February 2025
I report to the trustees on my examination of the financial statements of Byachad Youth Project ('the charity') for the year ended 28 February 2025.
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 Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
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 accounts to be reached.
Mr Howard Schwalbe ACA
Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
10 December 2025
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Byachad Youth Project
Statement of Financial Activities
Year ended 28 February 2025
| Period from | |||||
|---|---|---|---|---|---|
| 17 Feb 23 to | |||||
| Year | to 28 Feb 25 | 29 Feb 24 | |||
| Unrestricted | Restricted | ||||
| funds | fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 20,903 | 25,000 | 45,903 | 80,000 |
| Charitable activities | 5 | 76,613 | – | 76,613 | 12,201 |
| Other income | 6 | 16,396 | – | 16,396 | – |
| -------------------------------- | ---------------------------- | -------------------------------- | ---------------------------- | ||
| Total income | 113,912 | 25,000 | 138,912 | 92,201 | |
| ================================ | ============================ | ================================ | ============================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 223,622 | 35,670 | 259,292 | 102,029 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 223,622 | 35,670 | 259,292 | 102,029 | |
| ================================ | ============================ | ================================ | ================================ | ||
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Net expenditure and net movement | in | ||||
| funds | (109,710) | (10,670) | (120,380) | (9,828) |
|
| ================================ | ============================ | ================================ | ================================ | ||
| Reconciliation of funds | |||||
| Total funds brought forward | (20,498) | 10,670 | (9,828) | – |
|
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | (130,208) | – | (130,208) | (9,828) |
|
| ================================ | ============================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 16 form part of these financial statements.
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Byachad Youth Project
Statement of Financial Position
28 February 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 14 | 189,906 | 150,344 |
| Current assets | |||
| Debtors | 15 | 14,551 | 270 |
| Cash at bank and in hand | 32,001 | 32,976 | |
| ---------------------------- | ---------------------------- | ||
| 46,552 | 33,246 | ||
| Creditors: amounts falling due within one year | 16 | 53,547 | 16,035 |
| ---------------------------- | ---------------------------- | ||
| Net current liabilities | (6,995) | 17,211 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 182,911 | 167,555 | |
| Creditors: amounts falling due after more than one year | 17 | 313,119 | 177,383 |
| -------------------------------- | -------------------------------- | ||
| Net liabilities | (130,208) | (9,828) | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Restricted funds | – | 10,670 | |
| Unrestricted funds | (130,208) | (20,498) | |
| -------------------------------- | ---------------------------- | ||
| Total charity funds | 18 | (130,208) ================================ |
(9,828) ============================ |
These financial statements were approved by the board of trustees and authorised for issue on 10 December 2025, and are signed on behalf of the board by:
C D M Nissenbaum Trustee
The notes on pages 8 to 16 form part of these financial statements.
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Byachad Youth Project
Notes to the Financial Statements
Year ended 28 February 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 8 CAVENDISH ROAD, SALFORD, M7 4WW.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The total charity funds are negative. This is due to the unrestricted fund being overdrawn.
As mentioned in the Trustees Annual Report, the trustees are aware of this overdrawn fund and consider the charity to be a going concern for the following reason. One of the trustees has lent significant funds to the charity during the year on a long-term basis. The trustee has confirmed that he will not call in his loan to the detriment of the cash flow of the charity.
It is appropriate therefore to account for the charity as a going concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates and assumptions that affect the amounts reported.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.
- 8 -
Byachad Youth Project
Notes to the Financial Statements (continued)
Year ended 28 February 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Byachad Youth Project
Notes to the Financial Statements (continued)
Year ended 28 February 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Freehold property | - | 2% straight line |
|---|---|---|
| Fixtures and fittings | - | 15% reducing balance |
| Equipment | - | 15% reducing balance |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
- 10 -
Byachad Youth Project
Notes to the Financial Statements (continued)
Year ended 28 February 2025
3. Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 20,903 | – | 20,903 |
| Grants | |||
| Delapage Ltd | – | 25,000 | 25,000 |
| National Lottery - Main Grant | – | – | – |
| Crowdfunder Ltd | – | – | – |
| ---------------------------- | ---------------------------- | ---------------------------- | |
| 20,903 | 25,000 | 45,903 | |
| ============================ | ============================ | ============================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 10,000 | – | 10,000 |
- 11 -
Byachad Youth Project
Notes to the Financial Statements (continued)
Year ended 28 February 2025
4. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Grants | |||
| Delapage Ltd | – | 50,000 | 50,000 |
| National Lottery - Main Grant | – | 10,000 | 10,000 |
| Crowdfunder Ltd | – | 10,000 | 10,000 |
| ---------------------------- | ---------------------------- | ---------------------------- | |
| 10,000 | 70,000 | 80,000 | |
| ============================ | ============================ | ============================ |
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Subscription Income | 65,570 | 65,570 | 11,726 | 11,726 |
| Activities Income | 11,043 | 11,043 | 475 | 475 |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | |
| 76,613 | 76,613 | 12,201 | 12,201 | |
| ============================ | ============================ | ============================ | ============================ |
6. Other income
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Rental Income | 7,651 | 7,651 | – | – |
| Other income | 8,745 | 8,745 | – | – |
| ---------------------------- | ---------------------------- | -------------- | -------------- | |
| 16,396 | 16,396 | – | – | |
| ============================ | ============================ | ============== | ============== | |
| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Youth club expenditure | 213,038 | 35,670 | 248,708 | |
| Support costs | 10,584 | – | 10,584 | |
| -------------------------------- | ---------------------------- | -------------------------------- | ||
| 223,622 | 35,670 | 259,292 | ||
| ================================ | ============================ | ================================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Youth club expenditure | 40,687 | 59,330 | 100,017 | |
| Support costs | 2,012 | – | 2,012 | |
| ---------------------------- | ---------------------------- | -------------------------------- | ||
| 42,699 | 59,330 | 102,029 | ||
| ============================ | ============================ | ================================ |
7. Expenditure on charitable activities by fund type
- 12 -
Byachad Youth Project
Notes to the Financial Statements (continued)
Year ended 28 February 2025
8. Expenditure on charitable activities by activity type
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Youth club expenditure | 248,708 | 9,684 | 258,392 | 101,129 |
| Governance costs | – | 900 | 900 | 900 |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | |
| 248,708 | 10,584 | 259,292 | 102,029 | |
| ================================ | ============================ | ================================ | ================================ |
9. Analysis of support costs
| Analysis of | ||||
|---|---|---|---|---|
| support costs | Total 2025 | Total 2024 | ||
| £ | £ | £ | ||
| General office | 9,684 | 9,684 | 1,112 | |
| Governance costs | 900 | 900 | 900 | |
| ---------------------------- | ---------------------------- | ----------------------- | ||
| 10,584 | 10,584 | 2,012 | ||
| ============================ | ============================ | ======================= | ||
| 10. | Net expenditure | |||
| Net expenditure is stated after charging/(crediting): | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 11,674 | – | ||
| ============================ | ============== | |||
| 11. | Independent examination fees | |||
| Period from | ||||
| Year to | 17 Feb 23 to | |||
| 28 Feb 25 | 29 Feb 24 | |||
| £ | £ | |||
| Fees payable to the independent examiner for: | ||||
| Independent examination of the financial statements | 900 | 900 | ||
| ============== | ============== | |||
| 12. | Staff costs | |||
| The total staff costs and employee benefits for the reporting period are | analysed as | follows: | ||
| Period from | ||||
| Year to | 17 Feb 23 to | |||
| 28 Feb 25 | 29 Feb 24 | |||
| £ | £ | |||
| Wages and salaries | 43,551 | 22,037 | ||
| ============================ | ============================ |
- 13 -
Byachad Youth Project
Notes to the Financial Statements (continued)
Year ended 28 February 2025
12. Staff costs (continued)
The average head count of employees during the year was 8 (2024: 6). The average number of full-time equivalent employees during the year is analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Number of staff - admin | 1 | 1 |
| Number of staff - casual wages | 7 | 5 |
| -------------- | -------------- | |
| 8 | 6 | |
| ============== | ============== |
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
14. Tangible fixed assets
| Freehold | Fixtures and | |||
|---|---|---|---|---|
| property | fittings | Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 March 2024 | 126,195 | 665 | 23,484 | 150,344 |
| Additions | 20,347 | 11,071 | 19,818 | 51,236 |
| -------------------------------- | ---------------------------- | ---------------------------- | -------------------------------- | |
| At 28 February 2025 | 146,542 | 11,736 | 43,302 | 201,580 |
| ================================ | ============================ | ============================ | ================================ | |
| Depreciation | ||||
| At 1 March 2024 | – | – | – | – |
| Charge for the year | 2,931 | 660 | 8,083 | 11,674 |
| -------------------------------- | ---------------------------- | ---------------------------- | -------------------------------- | |
| At 28 February 2025 | 2,931 | 660 | 8,083 | 11,674 |
| ================================ | ============================ | ============================ | ================================ | |
| Carrying amount | ||||
| At 28 February 2025 | 143,611 | 11,076 | 35,219 | 189,906 |
| ================================ | ============================ | ============================ | ================================ | |
| At 29 February 2024 | 126,195 | 665 | 23,484 | 150,344 |
| ================================ | ============================ | ============================ | ================================ |
15. Debtors
Other debtors
| 2025 | 2024 |
|---|---|
| £ | £ |
| 14,551 | 270 |
| ============================ | ============== |
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Byachad Youth Project
Notes to the Financial Statements (continued)
Year ended 28 February 2025
16. Creditors: amounts falling due within one year
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Accruals and deferred income | 900 | 900 | ||||
| Social security and other taxes | 3,205 | 1,271 | ||||
| Other creditors | 49,442 | 13,864 | ||||
| ---------------------------- | ---------------------------- | |||||
| 53,547 | 16,035 | |||||
| ============================ | ============================ | |||||
| 17. | Creditors: amounts falling due after | more than | one | year | ||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Director loan accounts | 313,119 | 177,383 | ||||
| ================================ | ================================ | |||||
| 18. | Analysis of charitable funds | |||||
| Unrestricted funds | ||||||
| At | 01 | At 28 | ||||
| Mar 2024 | Income | Expenditure | Feb 2025 | |||
| £ | £ | £ | £ | |||
| General funds | (20,498) | 113,912 | (223,622) | (130,208) | ||
| ============================ | ================================ | ================================ | ================================ | |||
| At | 17 | At 29 | ||||
| Feb 2023 | Income | Expenditure | Feb 2024 | |||
| £ | £ | £ | £ | |||
| General funds | – | 22,201 | (42,699) | (20,498) | ||
| ============== | ============================ | ============================ | ============================ | |||
| Restricted funds | ||||||
| At | 01 | At 28 | ||||
| Mar 2024 | Income | Expenditure | Feb 2025 | |||
| £ | £ | £ | £ | |||
| Restricted fund - grants receivable | 10,670 | 25,000 | (35,670) | – | ||
| ============================ | ============================ | ============================ | ============== | |||
| At | 17 | At 29 | ||||
| Feb 2023 | Income | Expenditure | Feb 2024 | |||
| £ | £ | £ | £ | |||
| Restricted fund - grants receivable | – | 70,000 | (59,330) | 10,670 | ||
| ============== | ============================ | ============================ | ============================ |
- 15 -
Byachad Youth Project
Notes to the Financial Statements (continued)
Year ended 28 February 2025
19. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Tangible fixed assets | 189,906 | – | 189,906 |
| Current assets | 46,552 | – | 46,552 |
| Creditors less than 1 year | (53,547) | – | (53,547) |
| Creditors greater than 1 year | (313,119) | – | (313,119) |
| -------------------------------- | -------------- | -------------------------------- | |
| Net liabilities | (130,208) | – | (130,208) |
| ================================ | ============== | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 150,344 | – | 150,344 |
| Current assets | 22,576 | 10,670 | 33,246 |
| Creditors less than 1 year | (16,035) | – | (16,035) |
| Creditors greater than 1 year | (177,383) | – | (177,383) |
| -------------------------------- | ---------------------------- | -------------------------------- | |
| Net liabilities | (20,498) ================================ |
10,670 ============================ |
(9,828) ================================ |
20. Related parties
Mr D Nissenbaum, trustee of Byachad Youth Project, lent £135,736 (2024: £177,382) to the charity during the year, on an interest free basis. The balance of £313,118 remained outstanding at the year end.
Mr Emmanuel Schleider, trustee of Byachad Youth Projects is also the director of Darwen Properties LTD. During the year, Darwen Properties donated £20,000 to Byachad Youth Projects.
21. Taxation
Byachad Youth Project is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
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