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← Gladstone Terrace Centre for Young People

2025-03-31-accounts

Charity Registration Number: 520800

Gladstone Terrace Centre for Young People Financia l Report For the period ending

31 March 2025

Gladstone Terrace Centre for Young people

Financial Statements

Period ended 31 March 2025

Table of contents
Page No
Trustees’ Report 1 - 6
Independent examiner’s report 7
Statement ofreceipts and payments 8
Statement of assets and liabilities 9
Notes to the financial statements 10 - 15

Gladstone Terrace Centre for Young People

Trustees’ Annual Report

Period ended 31 March 2025

The trustees present their report and the unaudited financial statements of the charity for the period from 1 December 2023 to 31 March 2025.

Our aims and objectives

The overall aim of Gladstone Terrace Centre for Young People as set out in its Constitution is:

(1) TO PRESERVE AND PROVIDE FOR THE PHYSICAL AND MENTAL HEALTH OF YOUNG PEOPLE AND THEIR FAMILIES LIVING IN THE BOROUGH OF GATESHEAD AND SURROUNDING AREAS BY PROVIDING ADVICE, INFORMATION AND SUPPORT, WITHOUT DISTINCTION OF SEX, SEXUALITY, DISABILITY, RACE OR POLITICAL, RELIGIOUS OR OTHER OPINIONS, IN A COMMON EFFORT TO ADVANCE EDUCATION AND TO PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE;

(2) TO MANAGE AND MAINTAIN A CENTRE FOR ACTIVITIES PROMOTED BY THE CHARITY IN FURTHERANCE OF THE ABOVE OBJECTS.

G l a d s t o n e T e r r a c e c e n t r e f o r y o u n g P e o p l e delivers this mission though its strategic objectives which include:

Identity and Distinctiveness

 To be at the forefront of engaging with the young people to advance their education and social transformation by providing space for engagement opportunities through group work that are relevant to their needs and space for young people to explore their identity and emotional wellbeing.

 To ensure that young people are given correct information, guidance and support, this in turn enables them to make informed choices for themselves.

 To raise aspiration and achievement and to enable young people to challenge, question and evaluate; encouraging them to play a full part in a changing society.

 To deliver a person centred way meaning that the young person is at the core of the support offered.

 To work with young p e o p l e t o support and encourage them to develop resilience, problem solving and skills to help them physically and emotionally.

 To offer a service focused on engagement in decision making to improve the experience of young people in GTCfYP.

1

Gladstone Terrace Centre for Young People

Trustees' Annual Report

Period ended 31 March 2025

Partnerships

To develop and sustain productive multiagency relationships which support the development and enhance the life of young people. We actively seek out positive partnerships and welcome other providers who can enhance the outcomes of young p e o p l e .

Innovation

 To be imaginative, creative and enterprising: open and responsive to new areas and ways of working to further the mission of the Gladstone Terrace Centre for Young People.

 To be guided and develop good practice by listening to the needs and issues that face young people, and alongside them develop good practice.

Our Beneficiaries

Gladstone Terrace Centre for Young People is dedicated to providing safe spaces for:

 The families of these Young People, where their involvement facilitates better involvement of the Young Person.

The Public Benefit we provide:

Gladstone Terrace Centre for Young People is committed to ensure that it is:

How we measure the Benefit we provide

Gladstone Terrace Centre for Young people measures the impact of its work in several ways, primarily using data which is measured against internal performance indicators and where possible against external benchmarks.

2

Gladstone Terrace Centre for Young People

Trustees' Annual Report

Period ended 31 March 2025

Achievements and performance

Over the period 1 December 2023 to 31 March 2025 Gladstone Terrace Centre for Young People has changed significantly. We started the year with half of the building just becoming suitable for use after extensive renovations. The legal status of the building remains the same, No11 is owned by Gladstone Terrace Centre for Young People trust, No12 is owned by Gateshead Council and leased to GTCfYP for the period of 35 years. No rent is paid, the rent ‘in lieu’ is the benefit GTCfYP adds to the lives of young people in Gateshead.

We changed the name of the trust managing the building from BBC House to Gladstone Terrace Centre for Young People and then went through the process of bringing all legal entities, such as bank accounts, charity commission and land registry into the same legal name.

We started raising funds to deliver our unique youth work and counselling to children and young people during 2023 and in late 2023/early 2024 we began to deliver these services. Progressing through the following year and we are now almost at capacity.

We now rent out most rooms in No11 and No12 on a weekly basis and the rental income covers our costs, which was the aim. We endeavour to keep rental costs low so small charities and organisations can use our building.

Financial review

The Charity received a gross income during the period of £80,852 (2023: £94,090)

Principal funding sources in 2023/25 came from grants for our youth services and the remainder is rent from the organisations renting space. The c harity is working on a fundraising strategy in place and will never apply for funding that does not meet the direct needs of the Young People in Gateshead.

Reserves Policy

The Board of Trustees have created a policy on reserves . We will endeavor to save 5 – 10% of the rental income into reserves until we have six months running costs.

Risk Review

The Board of Trustees have examined the major risks the organisation face and confirm that systems have been established to enable regular reports to be produced so that the necessary steps would be taken to minimise any significant risk.

Plans for future periods.

Gladstone Terrace Centre for Young People will continue to offer space to offer learning opportunities and support services to young people, the work being informed by on-going evaluation of the services offered, involving both participants and workers, and in consultation with the Board of Trustees.

3

Gladstone Terrace Centre for Young People

Trustees' Annual Report

Period ended 31 March 2025

To evolve and develop the building with the changing needs and issues that face young people, to be responsive to those needs and develop new areas for working. - To continue to work with and train young volunteers, to enhance volunteers self - confidence and self belief.

We will continue to apply for Charity and Statutory Funding as it becomes available. To continually search for new funding opportunities. To develop further training opportunities for young people. That would also bring into the Project some core funding.

We are moving forward and are very positive and excited about the future of Gladstone Terrace Centre for Young People.

Structure, governance and management

Governing Document

GTCfYP (520800) was originally established as a registered Charity 1964 under the name of BBC House Boys Club. In 2022 the new Board of Trustees applied to change the name to Gladstone Terrace Centre for Young People to better fit the work carried out in the building and make it fit for purpose.

Organisational Structure

Gladstone Terrace Centre for Young People is a registered charity with a Board of Trustees which consists of three individuals who are connected to the main tenants of the building. We are currently going through the process to convert into a CIO.

Public Benefit

As a registered charity GTCfYP is committed to demonstrating the benefits that it's work provides for individuals, communities and the wider public. This statement sets out the aims, mission and strategic objectives of GTCfYP outlines the beneficiaries it serves and the impact and benefits of the personal and social development learning opportunities it provides for young people in Gateshead.

Recruitment, Induction and Training of Board of Trustees

4

Gladstone Terrace Centre for Young People

Trustees' Annual Report

Period ended 31 March 2025

Reference and administrative details

Registered charity name Gladstone Terrace Centre for Young People Charity registration 520800 number 11/12 Gladstone Principal office and Terrace registered office Gateshead NE8 4DY Independent Examiner Lilian Hetherington FCA Connected Voice One Strawberry Lane Newcastle upon Tyne NE1 4BX

The trustees who served the charity during the period and up to the date of signing this report were:

Sue Adams Valerie Ender Joanne Jopling

5

Gladstone Terrace Centre for Young People

Notes to the Financial Statements

Period ended 31 March 2025

General information

The charity is a registered charity in England and Wales. The address of the registered office is 11/12 Gladstone Terrace, Gateshead, NE8 4DY.

Going concern

There are no material uncertainties about the charity’s ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. These funds are mostly income raised from rent.

Designated funds are unrestricted funds earmarked by the trustees for future projects or commitments.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, almost all GTCfYP income is in the form of rental.

Approved by the trustees on 29 January 2026 and signed on their behalf by:

Valerie Ender Trustee

6

GLADSTONE TERRACE CENTRE FOR YOUNG PEOPLE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the Period ended 31 March 2025

I report on the financial statements of Gladstone Terrace Centre for Young People for the Period ended 31 March 2025, which are set out on pages 8 to 15.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

I 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.

Lilian Hetherington FCA Connected Voice One Strawberry Lane Newcastle upon Tyne NE1 4BX

Date: 29 January 2026

7

GLADSTONE TERRACE CENTRE FOR YOUNG PEOPLE

STATEMENT OF RECEIPTS AND PAYMENT

For the Period ended 31 March 2025

5
Other trading activities
6
Payments on:
7
Operation of the charity
Total payments
Charitable activities
Net of receipts/payments
Cash funds brought forward
Total receipts
Receipts from:
Charitable activities
Grants and contracts
Notes
Cash carried forward
Reconciliation of funds		 Unrestricted
Funds
£
3,030
29,808
32,838
34,229
34,229
( 1,391 )
9,465
8,074		 Restricted
Funds
£
48,014
-
48,014
11,775
11,775
36,239
-
36,239		 Total
Period
ended 31
March 2025
£
51,044
29,808
80,852
46,004
46,004
34,848
9,465
44,313		 Total
Year ended
30 November
2023
£
79,010
15,080
94,090
96,014
96,014
( 1,924 )
11,389
9,465

The Receipts and Payments Statement includes all gains and losses recognised in the year. All receipts and payments derive from continuing activities

The notes on pages 10 to 15 form an integral part of these financial statements.

8

Charity Number 520800

GLADSTONE TERRACE CENTRE FOR YOUNG PEOPLE STATEMENT OF ASSETS AND LIABILITIES

As at 31 March 2025

Cash funds
Cash at bank and in hand
12
Liabilities:amounts falling due within
one year
13
Notes		 Unrestricted
Funds
£
8,074		 Restricted
Funds
£
36,239		 Total
Period
ended 31
March 2025
£
44,505
252		 Total
Year ended
30 November
2023
£
9,657
192

The notes on pages 10 to 15 form an integral part of these financial statements.

These financial statements were approved by the Board on: 29 January 2026

and are signed on its behalf by: Valerie Ender Trustee

9

GLADSTONE TERRACE CENTRE FOR YOUNG PEOPLE

NOTES TO THE FINANCIAL STATEMENTS

For the Period ended 31 March 2025

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

The accounts have been prepared on the receipts and payments basis. An audit is not required by the charity's constitution and has not been requested by the trustees.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: 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.

Gladstone Terrace Centre for Young People meets the definition of a public benefit entity under FRS 102.

2.2 Preparation of the accounts on a going concern basis

The charity reported total unrestricted funds at the year end of £8,074 and has already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity for the next 12 to 18 months is secure and that on this basis the charity is a going concern.

3 Receipts

3.1 Recognition of receipts

Receipts are recognised when the charity has received the resources, any performance conditions attached to the item(s) of receipt have been met.

3.2 Offsetting

There has been no offsetting of receipts and payments, unless required or permitted by SORP.

3.3 Grants and donations

Receipts from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has received the funds, any performance conditions attached to the grants have been met.

3.4 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.5 Interest receivable

Interest on funds held on deposit is included when received.

10

GLADSTONE TERRACE CENTRE FOR YOUNG PEOPLE

NOTES TO THE FINANCIAL STATEMENTS

For the Period ended 31 March 2025

3.6 Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in donations and legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as a receipt earned from the provision of goods and services as a receipt from charitable activities.

3.7 Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments.

3.8 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

Payments on charitable activities includes the costs of general charitable purposes and other activities undertaken to further the purposes of the charity and their associated support costs.

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the payment was incurred.

4.5 Liabilities

Any liabilities are measured at settlement amounts less any trade discounts.

11

GLADSTONE TERRACE CENTRE FOR YOUNG PEOPLE

NOTES TO THE FINANCIAL STATEMENTS

For the Period ended 31 March 2025

Analysis of receipts

5
6		 Charitable activities
Income from grants
Allen Lane Foundation
Connected Voice
Gateshead Council
Other trading activities
Miscellaneous income
NHS NE and Cumbria
The Global Fund
National Lottery awards for all
LGBT Foundation
Digital Voice
Community Foundation
Rent		 Unrestricted
Funds
£
-
-
-
-
-
-
3,030
-
-
3,030
29,803
5
29,808		 Restricted
Funds
£
-
11,400
19,310
750
6,000
772
-
3,550
6,232
48,014
-
-
-		 Total
Period
ended 31
March 2025
£
-
11,400
19,310
750
6,000

772
3,030
3,550
6,232
51,044

29,803
5
29,808		 Total
Year ended
30
November
£
79,010
-
-
-
-
-
-
-
-
79,010
15,080
-
15,080

Receipts were £80,852 (Year ended 30 November 2023: £94,090) of which £32,838 was unrestricted or designated (Year ended 30 November 2023: £15,080) and £48,014 was restricted (Year ended 30 November 2023: £79,010)

12

GLADSTONE TERRACE CENTRE FOR YOUNG PEOPLE

NOTES TO THE FINANCIAL STATEMENTS

For the Period ended 31 March 2025

Analysis of payments on charitable activities

7 Charitable activities
Support costs
Governance costs
Repairs and renewals
Utility costs
Youth Work
Office costs
Insurance
Independent examiner's fees for reporting on
the accounts		 Unrestricted
Funds
£
1,662
4,165
21,536
2,043
4,631
192
34,229		 Restricted
Funds
£
11,775
-
-
-
-
-
11,775		 Total
Period
ended 31
March 2025
£
13,437
4,165
21,536
2,043
4,631
192
46,004		 Total
Year ended
30
November
2023
£
92,004
3,818
-
-
-
192
96,014

Payments on charitable activities were £46,004 (Year ended 30 November 2023: £96,014) of which £34,229 was unrestricted or designated (Year ended 30 November 2023: £17,004) and £11,775 was restricted (Year ended 30 November 2023: £79,010)

8 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts
Other accountancy services paid to the examiner		 Period
ended 31
March 2025
£
192
-
192		 Year ended
30
November
2023
£
192
-
192

There were no other fees paid to the examiner (Year ended 30 November 2023: nil)

13

GLADSTONE TERRACE CENTRE FOR YOUNG PEOPLE

NOTES TO THE FINANCIAL STATEMENTS

For the Period ended 31 March 2025

9 Analysis of staff costs and the cost of key management personnel

The charity currently does not employ staff as it subcontracts the management of the charity to Gateshead Youth Council

10 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

11 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

12 Cash at bank and in hand

Cash at bank and in hand Period
ended 31
March 2025
£
44,505
44,505		 Year ended
30
November
2023
£
9,657
9,657

13 Liabilities (payable within 1 year)

IE fee due Period
ended 31
March 2025
£
252
252		 Year ended
30
November
2023
£
192
192

14 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

14

GLADSTONE TERRACE CENTRE FOR YOUNG PEOPLE

NOTES TO THE FINANCIAL STATEMENTS

For the Period ended 31 March 2025

15 Analysis of charitable funds

Analysis of movements in unrestricted funds

Period ended 31 March 2025

Unrestricted funds
General unrestricted fund
Totals		 Fund
balances
brought
forward
£
9,465
9,465		 Incoming
resources
£
32,838
32,838
 Resources
expended
£
( 34,229 )
( 34,229)		 Transfers
£
-
-		 Fund
balances
carried
forward
£
8,074
8,074

Purpose of unrestricted funds

General unrestricted fund The 'free reserves' of the charity

15 Analysis of charitable funds (continued)

Analysis of movement in restricted funds Period ended 31 March 2025

Period ended 31 March 2025
Restricted funds
The Global Fund
National Lottery awards for all
LGBT Foundation
Allen Lane Foundation
Digital Voice
Connected Voice
Gateshead Council
Totals		 Fund
balances
brought
forward
£
-
-
-
-
-
-
-
-		 Incoming
resources
£
11,400
19,310
750
6,000
772
3,550
6,232
48,014		 Resources
expended
£
-
-
( 750 )
( 471 )
( 772 )
( 3,550 )
(6,232)
(11,775)		 Transfers
£
-
-
-
-
-
-
-
-		 Fund
balances
carried
forward
£
11,400

19,310

-
5,529
-
-
-
36,239

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

All grant funding was to deliver youth work and counselling to LGBTQ+ and neurodiverse young people and bespoke youth services for vulnerable young people.

16 Capital commitments

As at 31 March 2025, the charity had no capital commitments (Year ended 30 November 2023 - £nil)

15