2023-12-31-accounts

	Page
Trustees’Report	2
StatementofTrustees’Responsibilities	12
IndependentAuditorsReport	14
StatementofFinancialActivitiesincludingincomeandexpenditureaccount	18
BalanceSheet	19
StatementofCashFlows -	20
NotestotheFinancialStatements	21

Totalincome	£7,581,964	SeeStatementofFinancialActivities
LessCourtsincome	£4,278,651	Seenote3
Netadjustedincome	£3,303,313
Totalexpenditure	£3,530,539	SeeStatementofFinancialActivities
Underlyingdeficit	£227,226

Post	Postholder	FTE
ChiefExecutiveOfficer	MarkCoates	Fulltime
DeputyCEO	JackBeech(untilDecember2023)	Parttime
HeadofCentralServices	DeborahGee	Parttime
HeadofCreative	EmilyBull	Parttime
CreativeDirector	NicholasYoung(untilFebruary2023)	Parttime
HeadofYouthServices(Bristol)	KateGough(untilAugust2023)	Parttime
HeadofYouthServices	HannahPanes*	Fulltime
HeadofFundraising& Communications	RosieFenlon	Parttime
HeadofEstates	NickCarter(untilApril2023)	Parttime

5 July 2024

																		21,998 4,844,884 94,675 1,619	4,963,176	(4,149,755)	(4,149,755)	813,421	813,421	13,785,069	14,598,490
																	RestrictedEndowment funds funds £ £	1,178,726	1,178,726 -	(422,544) -	(422,544) :	756,182 -	756,182 -	202,722 7,145,870	958,904 7,145,870
																	Unrestricted funds £	21,998 3,666,158 94,675 1,619	3,784,450	(3,727,211)	(3,727,211)	57,239	57,239	6,436,477	6,493,716
																		50,892 7,523,647 1,822 5,603	7,981,964	(3,530,539)	(3,530,539)	4,051,425	4,051,425	14,598,490	18,649,915
CreativeYouthNetwork			StatementofFinancialActivitiesincludingincomeandexpenditureaccount Fortheyearended31December2023														IncomeandEndowmentsfrom: Unrestricted funds Note £ Restricted funds £ Endowment funds £	Donationsandlegacies Charitableactivities Othertradingactivities Investmentincome 50,892 3 3,021,854 1,822 5,603 4,501,793	TotalIncome 3,080,171 4,501,793	Charitableactivities 4 (3,216,360) (314,179)	TotalExpenditure (3,216,360) (314,179)	Netincome/(expenditure) Transfersbetweenfunds (136,189) 15 . 4,187,614	Netmovementinfunds (136,189) 4,187,614	Totalfundsbroughtforward 6,493,716 958,904 7,145,870	Totalfundscarriedforward 6;357,527 5,146,518 7,145,870

	Note	2023 £	2022	£
Fixedassets
Intangibleassets
Tangibleassets		17,788,642 17,788,642	12,703,678 12,703,678
Currentassets
Stocks		:	192
Debtors	11	933,308	543,452
Cashatbankandinhand		892,136 {825.444	2,590,070 393,714
Creditors:Amountsfallingduewithinoneyear	12	(964,171)	(1,238,902)
Netcurrentassets		861,273	1,894,812
Netassets		18,649,915	14,598,490
Fundsofthecharity:
Endowmentfunds	15	7,145,870	7,145,870
Restrictedfunds	15	5,146,518	958,904
Unrestrictedincomefunds
Unrestrictedfunds	15	6,357,527	6,493,716
Totalfunds		18,649,915	14,598,490

		2023	2022
	Note	£	£
Cashflowsfromoperatingactivities
Netincome		4,051,425	813,421
Adjustmentstocashflowsfromnon-cashitems
Depreciation		7,640	21,869
Investmentincome		5,603	(1,619)
		3,903,412	833,671
Workingcapitaladjustments
(Increase)/decreaseinstocks		192	660
(Increase)/decreaseindebtors	11	(389,856)	(177,664)
Increase/(decrease)increditors	12	(274,731)	102,631
Netcashflowsfromoperatingactivities		(3,400,273)	(759,298)
Cashflowsfrominvestingactivities
Interestreceivableandsimilarincome		(5,603)	1,619
Purchaseoftangiblefixedassets	10	(5,092,604)	(573,973)
Netcashflowsfrominvestingactivities		(5,098,207)	(572,354)
Cashflowsfromfinancingactivities
Interestpayableandsimilarcharges		-	-
Netincrease/(decrease)incashandcashequivalents		(1,697,934)	186,944
Cashandcashequivalentsat1 January		2,590,070	2,403,126
Cashandcashequivalentsat31December		892,136	2,590,070

Allofthecashflowsarederivedfromcontinuing	Allofthecashflowsarederivedfromcontinuing	operationsduringtheabove	twoperiods.
Analysisofnetdebt	At1 January 2023	Othernon- Cashflowscashchanges	At31December 2023
Cash	2,590,070	(1,697,934)	- 892,136
Loansfallingduewithinoneyear	(93,669)	-	- (93,669)
Total	2,496,401	(1,697,934)	" 798,467

	Unrestricted	Restricted	Total
	funds	funds	2023
	£	£	£
CourtsDevelopmentProject	101,513	4,177,138	4,278,651
EstatesandtheStation	1,060,001	104,679	1,164,680
CreativeDepartment	(1,199)	99,801	98,602
YouthServices	1,861,539	120,175	1,981,714
	3,021,854	4,315,537	7,523,647
	Unrestricted	Restricted	Total
	funds	funds	2022
	£	£	£
CourtsDevelopmentProject	-	802,644	802,644
EstatesandtheStation	1,004,797	55,076	1,059,873
CreativeDepartment	100,654	112,092	212,746
YouthServices	2,560,707	208,914	2,769,621
	3,666,158	1,178,726	4,844,884

	Activityundertaken	Activitysupport	Total
	directly	costs	2023
	£	£	£
EstatesandtheStation	1,005,343	136,401	1,141,744
CreativeDepartment	125,340	52,703	178,043
YouthServices	1,638,161	572,591	2,210,752
	2,768,844	761,695	3,530,539
	Activityundertaken	Activitysupport	Total
	directly	costs	2022
	£	£	£
EstatesandtheStation	828,456	10,408	838,864
CreativeDepartment	199,751	83,572	283,323
YouthServices	2,335,680	691,888	3,027,568
	3,363,887	785,868	4,149,755

				Premisescosts
	Governance		Human	including	Total
	costs	Office/IT	Resources	depreciation	2023
	£	£	£	£	£
EstatesandtheStation	11,743	247,617	11,943	(134,902)	136,401
CreativeDepartment	1,506	31,765	1,532	17,900	52,703
YouthServices	19,721	415,813	20,055	117,002	572,591
	32,970	695,195	33,530	-	761,695
				Premisescosts
	Governance		Human	including	Total
	costs	Office/IT	Resources	depreciation	2022
	£	£	£	£	£
EstatesandtheStation	7249	6,883	165,692	(169,416)	10,408
CreativeDepartment	2,441	2,318	55,802	23,011	83,572
YouthServices	21,990	20,881	502,612	146,405	691,888
	31,680	30,082	724,106	-	785,868

	2023	2022
	£	£
Operatingleaseexpense	16,052	35,341
Auditors'remuneration- audit	12,350	11,750
Auditors’remuneration- other	2,400	2,300
Depreciationoftangiblefixedassets	7,640	21,869

	2023	2022
	£	£
Wagesandsalaries	1,878,198	2,307,421
Socialsecuritycosts	156,019	198,124
Pensioncosts	57,175	69,602
Terminationpayments	59,612	1,169
	2,151,004	2,976,316

charityduringtheyearwasasfollows:
	2023	2022
	No	No
Averagenumberofemployees	98	127

	2023	2022
	No	No
Fundraising	Zz	3
Estates	15	15
Creative	3	6
Finance,HR,ITandMarketing	ute	12
YouthServices	31	46
	62	82

			2023	2022
			No	No
£60,001	-	£70,000	1	x
£70,001	-	£80,000	a	1

	Software
	assets	Total
	£	£
Cost
At1 January2023	43,822	43,822
At31December2023	43,822	43,822
Amortisation
At1 January2023	43,822	43,822
Chargefortheyear
At31December2023	43,822	43,822
At31December2023
At31December2022

		Leasehold	Fixtures,
	Freehold	property	fittingsand
	property	improvements	equipment	Total
	£	£	£	£
Costorvaluation
At1 January2023	12,607,489	190,993	647,292	13,445,774
Additions	5,092,604	a	-	5,092,604
Disposals	-	-	7	-
Revaluation	=	-	7	-
At31December2023	17,700,093	190,993	647,292	18,538,378
Depreciation
At1 January2023	-	102,414	639,682	742,096
Chargefortheyear	-	7,640	-	7,640
Eliminatedondisposals	:	-	-	-
At31December2023	-	110,054	639,682	749,736
Netbookvalue
At31December2023	17,700,093	80,939	7,610	17,788,642
At31December2022	12,607,489	88,579	7,610	12,703,678

	2023	2022
	£	£
Tradedebtors	132,726	145,637
Otherdebtors	570,013	257,788
Prepayments	44,313	57,857
Accruedincome	-	82,170
	747,052	543,452

	2023	2022
	£	£
Tradecreditors	441,575	223,553
Othertaxationandsocialsecurity	21,690	51,486
Othercreditors	107,935	115,446
Accruals	339,913	42,237
Deferredincome	53,058	806,180
	964,171	1,238,902

	2023	2022
	£	£
Withinoneyear	13,121	19,735
Betweenoneandfiveyears	7,670	6,977
	20,791	26,712

andbuildingsduetothecharitywere:
	2023	2022
	£	£
Duewithinoneyear	565,360	559,144
Duebetweenoneandfiveyears	804,490	566,893
Dueafterfiveyears	35,478	58,583
	1,405,328	1,184,620

	Balanceat	Incoming	Resources	Plier		Balanceat 31
	1January	yesources	expended			December
	£	£	£		£	£
Endowmentfunds
Expendableendowment	5,974,648	-	-		-	5,974,648
Revaluationreserve- theStation	1,171,222	-	-		-	1,171,222
Totalendowmentfunds	7,145,870	-	-		-	7,145,870
Unrestrictedfunds
Designatedcapitalfund-Kingswood	2,388,579	-	(7,638)		-	2,380,941
Designatedcapitalfund- Bridewell	-		-	824,274		824,274
Revaluationreserve- Bridewell	2,458,674		-		-	2,458,674
Fixedassetdesignatedfund	21,909	-	-		-	21,909
Designatedunrestrictedfund	4,869,162		(7,638)	824,274		5,685,798
Generalunrestrictedfund	1,624,554	3,080,171	(3,208,722)	(824,274)		671,729
Totalunrestrictedfunds	6,493,716	3,080,171	(3,216,360)		-	6,357,527

		Balanceat	Balanceat					Balanceat31
		1	January 2023	eons: resources	aaaonseces expended		Transfers	December 2023
Restrictedfunds
Courtsdevelopmentproject			802,644	4,177,138		7	-	4,979,782
Estates
StJamesPlaceCharitable
Foundation- StationDutyand			8,358	24,903	(24,961)		-	8,300
CrisisFund
Youthservices
EsmeeFairbairnFoundation			18,764	7,411	(26,175)		-	-
TheNationalLotteryCommunity				100,903	(99,711)		-
Fund- PartnershipsSouthWest			49,857					51,049
Region
WesportTogetherFund			633	209	(842)		2	:
WesportCrimePrevention			-	4,260	(2,130)		-	2,130
ThroughSportFund
WesportChildren& Young			-	7,392	(3,696)		-	3,696
PeoplePositiveActivitiesGrant
CreativeDepartment
ArtsCouncilEngland			(2,839)	:	:		2	(2,839)
The National Foundation YouthMusic	for		44,987	ames	iSeele)			34,456
JoyceFletcherCharitableTrust			2,000		(2,000)			-
TheSpielmanCharitableTrust			10,000	10,000	(12,500)		-	7,500
TheSingerFoundation			-	4,997	-		-	4,997
TheMarchusTrust			-	4,816	(2,007)		-	2,809
TheNisbetTrust			:	30,000	(17,500)		.	12,500
SchroderCharityTrust			-	5,000	(1,250)		-	3,750
Core
PaulHamlynFoundation- Youth			em	3,000	(27,500)		.	;
Fund
TheNationalLotteryCommunity			;	76,776	(38,388)			38388
Fund- RCSouthWestRegion
Totalrestrictedfunds			958,904	4,501,793	(314,179)		-	5,146,518
Totalfunds		14,598,490		7,581,964	(3,530,539)		-	18,649,915

	Balanceat 1January 2022	; Incoming resources	Resources expended	Transfers	Balanceat 31 December 2022
	£	£	£	£	£
Endowmentfunds
Expendableendowment	5,974,648	-	-	-	5,974,648
Revaluationreserve- theStation	1,171,222	-	-	-	1,171,222
Totalendowmentfunds	7,145,870	-	-	-	7,145,870
Unrestrictedfunds
Designatedcapitalfind Kingswood	2,396,217	-	(7,638)	-	2,388,579
Revaluationreserve- Bridewell	2,458,674	-	-	-	2,458,674
Fixedassetdesignatedfund	36,140	-	(14,231)	-	21,909
	4,891,031	-	(21,869)	-	4,869,162
Generalunrestrictedfund	1,545,446	3,784,450	(3,705,342)	-	1,624,554
Totalunrestrictedfunds	6,436,477	3,784,450	(3,727,211)	-	6,493,716

	Balanceat	Incoming	Resources	aeameiers	Balanceat 31
	1January 2022	yesources	expended		December 2022
	£	£	£	£	£
Restrictedfunds
Courtsdevelopmentproject	-	802,644	-	-	802,644
Estates
StJamesPlaceStationDutyand CrisisFund	8,243	25,076	(24,961)	-	8,358
LeonardLaityStoateFoundation	1,000	-	(1,000)	-	-
Barclays	91,667		(91,667)	-	-
Youthservices
EsmeeFairbairn	19,233	74,113	(74,582)	-	18,764
BigLotteryYouthInvestment	39,291	99,712	(89,146)	-	49,857
Fund
BBCChildreninNeed	(16,617)	33,189	(16,572)	:	:
WesportTogetherFund	-	1,900	(1,267)	-	633
CreativeDepartment
ArtsCouncilEngland	-	25,555	(28,394)	-	(2,839)
Austin& HopePilkington	4,583	-	(4,583)	-	-
BBCChildreninNeedInspiring	22,974	26610	(49,584)	:	;
Futures
NationalFoundationforYouth	_	2,940	(10,288)	,	;
Music
NationalFoundationforYouth	-	44,987	-	-	44,987
Music
JoyceFletcherCharitableTrust	-	2,000	-	-	2,000
SpielmanCharitableTrust	-	10,000	-	-	10,000
Core
PaulHamlynFollowonFunding	25,000	30,000	(30,500)	-	24,500
Totalrestrictedfunds	202,722	1,178,726	(422,544)	-	958,904
Totalfunds	13,785,069	4,963,176	(4,149,755)		14,598,490

16. Analysis	ofnetassets	betweenfunds	betweenfunds
					Endowment
			Unrestricted		funds-	Expendable
	Unrestricted		designated	Restricted	revaluation	endowment
	generalfunds		funds	funds	reserve	funds	Totalfunds
2023		£	£	£	£	£	£
Intangiblefixed
assets		7	:	:	e	-	7
Fixedassets		-	5,685,798	5,070,817	1,171,222	5,860,805	17,788,642
Currentassets	1,358,609		-	352,992	-	113,843	1,825,444
Currentliabilities	(686,880)		-	(277,291)		-	(964,171)
Totalnetassets	671,729		5,685,798	5,146,518	1,171,222	5,974,648	18,649,915
	Unrestricted general funds		Unrestricted designated funds	ptricted funds	Endowment funds - revaluation	Expendable endowment funds	Totalfunds
					reserve
2022		£	£	£	£	£	£
Intangiblefixed
assets		-	;	-	i	¢	_
Hixedassets		-	4,869,007	802,644	1,171,222	5,860,805	12,703,678
Carrenteassets	2,863,611		-	156,260	-	113,843	3,133,714
Currentliabilities	(1,238,902)		i	-	z	-	(1,238,902)
Totalekassets	1,624,709		4,869,007	958,904	1,171,222	_5,974,648_	14,598,490

Categorisationoffinancialinstruments
	2023	2022
	£	£
Financialassetsthataredebtinstrumentsmeasuredatamortisedcost	1,718,131	3,075,664
Financialliabilitiesmeasuredatamortisedcost	942,481	1,187,416