Charity registration number: 522334 Nottingham Roman Catholic Diocesan Youth Service known as The Briars Annual Report and Financial Sthtements for the Year Ended 31 July 2024 Community Accounting Plus Unit l and 2 North West 41 Talbot Street Nottingham NGI 5GL
Nottingham Roman Catholic DiocesaD Youth Service knowD as The Briars Contents (continued) Reference and Administrative Details Trustees, Report 2to4 Independent Examiner's Report Statement of Financial Activitie5 7t08 Balance Sheet Cash Flow Statement io Notes to the Financial Statements 11 to23
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Reference and Administrative Details Trnstees Rt Rev Patrick Joseph McKinney Yvonne May Greg Howell Pauline Lynch Paulin¢ Payne Pe(er Giorgio David Lawes Jacqueline O'Brien Andrew Muldoon Juan Carlos Valer Erin Doughty, Director Joseph Fanner, until 31112123, Operational Director Senior Management Team Charity Registrgtion Number 52?334 Principal Office The Briars Residential Centre Briars lane Crich Matlock Derbyshire DE4 5BW John O'Brien, employee of Community Accounting Plus Unit l and 2 North Wesi 41 Talbot Street Nottingham NGI 5GL Independent Examiner Bankers HSBC Church Street Ripley Derbyshire DE5 JBY Page I
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Trnstees, Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 July 2024. Trustees and oificers The trustees and officer5 serving during the year and since the year end were as follows: Ri Rev Patrick Joseph McKinney Yvonne May Greg Howell Pauline Lynch Pauline Payne Peter Giorgio David Lawes Trustees: Jacqueline O'Brien Andrew Muld¢y)n Juan Carlos V31er (appointed 12 January 2025) Rev Joseph Wheat (resigned 7 August 2023) Clare Alderson (resigned 24 August 2023) Structllre* governance management Noture ofgoverning document The charity is governed by the original Trust Deed of ?nd April 1969 as arnended 9th May 2021. The 5trUCture of the chariry is detailed in the Constitution and composition of the NDCYS. Board of Ttees, Management Committee and sub-committees, of 9th May 2008 which ouilines the responsibilities of the Trustees and Management Committee. Recruilment and appoinlmenl of trustees All tn15tees give their time voluntarily and receive no benefits from the chariry. Trustees arc recruited by invitation from the Bishop, The Chair and the TNstees. They aim to reflect the diversity of the Charity and contain a broad skill mix with. Primary Schools. Secondary Schools. Parishes, Youth Work. Finance and Clergy all represented. Organi5ational structure The day to day running of the charity is by the Direc(or with the assistsnce of the Finance Manager. Operational DireOr and the Programme Director. Spending of £5,000 or more must go to the Finan¢e Trustee5 for approval. The Charity Truslees have three Sub commiit¢es: Finance Committee. Youth ministry.and Outreach Committee. Pay and Remunerntion Committee. Pcrforniance criteria are set and reviewed for the Director by the Trustees and by th¢ Director for the other management team. Page 2
Iyottingham Roman Catholic Diocesan Youth Service known as The Briars Trustees, Report (continued) Objectives and activities Objects and alp The principal objects of the chariry are helping and educating young people through their leisure time activities so as to develop their physical, mental. moral and spiritual activities and capacities, that they may grow to full maturity as persons and members of society and that their conditions of life may be improved. The principal activities which achieve the objec(ives include: The provision of residential educational sthys- The provision of outreach and youth minisry. that supports young people wherever they are this includes digital ontact- The provision of residential retreats and catechesis- Advice, resOu1rtg and training for youth minisfry in the Dioce5¢ of Nottingham is provided according to need and demand. Public benefit The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Objedives, stralegies and aclivities During the period, the chariry has Provided residential retreats for almost 3,000 young people. Provided oulreach work with young people around the Nottingham Diocese through Confinnation retreats days. assemblies. ¢areers and vocations days - Supported diocesan events and pilgrimages With WOTkshop5 and inputs for young people Trained two apprentice5 and three volunreer mission team mcmbers to deliver high quality youth ministry and equip and up skill them for futur¢ study and work. Provided advice, resourcing and trdining for chaplaincy tearns. adults youth worker5 and young leaders and clergy throughout the Diocese of Nottingham - Worked with CAFOD, SVP and the Columbans promoiing the work of social jusiice" Continued with an online presence and outpui to further support the work of the charity, through the Charity's website, Youtube channel. Twitter and Instagrarn accounts: Enabled young people to serve (heir local communities through the Faith in Aciion Award Offered a calendar of open events for young people to engage with beyond their residential - Developed our residential programmes w further meet the needs of young peoplc post covid. Page 3
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Trustees, Report (continued) These activities benefit the public by educating young people and providing oppjrtunities for them to develop spiritually, morally, socially, mentally and physically by the provision of educational in residenlial. discussion forums. prayer times and refleaions. These young people are from communities throughout the East Midlands and increasingly further afield. They are aged between 9 - 23 years and come from a variety of soci¢¢0n0mL backgrounds, from Catholic institutions and sch(Kyls. other Christian schools. The principal activities are overseen by a team of employed, qualified youth work prdctitioners and a team of trained full-tirne volunteer youth workers. These volunteers live and work in the community based at The Briars Catholic Youth Retreat Centre for a year. Some also r¢main for a second year. The training and care provided for these volunieers is a major task of the Charity. Care is taken to ensure that whilsl much of the charity's activities are of a Catholic, faith based nature, these activities are accessible to all young people who wish to access them. The service also provides advice, training and resources for chaplaincy teams throughoui the East Midlands, helping them develop their work and serve young people better. This includes providing placements for work experience students and undergraduate students sbjdying youth and commwiity work. The charity works with various oth¢r organisations and contributes to their work. These include other Catholic organisations such as Nottingham Diocesan Education Service. Nottingham Diocese Safeguarding of Children and Vulnerable Adults Commission, CAFOD, CYMFed, Nottingham Diocese and individual parish communities in the East Midlands. Financial review The Financial position ai ihe end of the financial year was stronger (han forecasting due budgetary savings. a break from the loan repayments and additional income from the Trading company established to support our haritable endeavours. Poliry on reservos The charity aims to maintain unrestricted funds ai a level ivhich equates to 3 months unrestricted expenditure. This provides sufficient funds to cover management, administration and support cost. This has not been the c&se for much of this year as reireat booking have not yet returned to prevcovid levels. A plan for increased marketing and communications is in place for next financial year and a break from payment of the loan has been agreed to support cash flow. Pl¥n$ for future periods Aims and key objeclivesforfuture period5 The charity aims to continue all services. Page 4
Nottingham Roman Catholic DioeesAn Youth Service knoTrvD as Tbe Briars Statement of Responsibilities The trustees are reSnSIble for preparin8 the tnL8tees' report and the financial statements in accordance with the United Kingdom Ac£ountin8 Sthndards (United Kingdom Generally Ac¢epted Accounling Practice) and applicable law and regulations. The law applicabk to Charities requires the trustees to prepare fillan¢ia] statements for each financial yw which give a tsve and fair Vie of the state of affairs of the charity and of the incoming resourccs and application of resources of the charity forthat period. In prepaTing these financial statements, the Ine¢S are required to: select suktable accounting policies and then apply them c(1$t¢tty. observe the method5 and principles in the Charities SORP: make judgements and estimates i1t are re&wnable and prudent; state whether applicable accounting standards have been followe4 subject to any mattrial departures disclosed and explained in the fmanciaE SLqtements" and prepare the fllwicial starements on the goiDg concem basis unkss ir is inappToprÉate to presume that the charity will continue in business. The trustees are responsible for keeping proper aCnting records that disclose with reasonable accuracy at any time the fjnancial position of the ¢hariry and enable thern to ensure thal the f]nancial statements comply with the Charities Art 2011. the chariti {Accounts and Repons) Regulation5 2008, and the provisions of the constitLltion. The trustees are also responsible for safeguarding the assets of the ¢harity and hence for takin8 reasonabl¢ steps for the prevention and dete¢li(¥n of fraud and other itregularities. Approved by the tr*tee$ of the clwity on ... . signed on its behalf by: Rt Rev Patrick Joseph M TTWStc¢ Pa8e S
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Independent Examiner's Report to the trustees of Nottingham Roman Catholic Diocesan Youth Service Independent examiner's report to the trustees of Nottingham Roman Catholic Diocesan Youth Service I report ts) the trustees on my examination of the accounLS of Nottingham Roman Catholic Diocesan Youth Service (the Charity) for the year ended 31 July 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparntion of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Charity's accounts carried out under section 145 of the ?0 I l A and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5Xb) of th¢ Act. Independent examiner's statement Since the Charity's gross income exceeded £250,000 YOUT examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm ihat l am qualified to undertake the examination because l am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies. I have completed my examinaiion. l Confirni that no matters have come to my attention in connection with the examinaiion giving me cause to believe that in any maierial respect-. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'ttue and fair, view which is not a matter considered as part of an independent examination. I have no conrerns and have come across no other matters in connection with the examination to which attention should be drdWI in this report in order to enable a proper understsnding of the accounts to be reached. rien MSC, FAIA. FCTE, employee of Community Accounting Plus Fellow of the Association of Charity Independenf Examiners Unit l and 2 North West 41 Talboi Street Nottingham NGI 5GL 2815125 Page 6
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Statement of Financial Activities for the Year Ended 31 July 2024 Total 2024 Total 2023 Unrestricted Note Income and Endowments from: Donations and legacies Charitable activities Investment income Other income 126,825 538,661 792 58.217 126.825 538.661 792 58,217 109.419 498.667 406 72,680 Total Income 7?4,49) 724,495 681.172 Expendilure on: Charitable activilies Other expenditure (682.080) {18,165) (682.080) (18,165) (776,013) (30,964) Total Expenditure 1700.245) (700.245) (806,977) Net movemenl in funds 24,250 24.250 (125.805) Reconciliation of funds Total funds brought forward .712.6)4 1,712.634 1,838,439 Total funds carrled forward 17 1,736,884 1,7J6,884 .712.634 All of the charity's activilies derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 17. The notes on pages 11 23 forn an integral part of these financial statements. Page 7
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Statement of FiDancial Activities for the Year Ended 31 Juty 2024 (continued) These are the figures for the previoiis accounting period and art included for comparative purposes Total 2023 UnrestTiCted Note Income and Endowments from: Donations and legacies Charitable activities Investment income Other income 109.419 498.667 406 72.680 109,419 498,667 406 72,680 681,172 681.172 Total Income Expenditure on: Charithble activities Other expenditure Total Expendityre Net movement in funds Reconciliation of funds Total funds brought fonwd Total fijnds carried forward (776.013) ()0,964) (776,013) (30,964) (806,977) (806,977) (1 ?5.805) (125,805) .8J8.4J9 1,838,439 17 1.712.6J4 1,712,634 The noies on pages I I to 23 forni an integral part of these financial statements. Page 8
Nottingham Roman Catholic Diocesan Youth Service known as The Briars (Registration number: 522334) Balance Sheet as at 31 July 2024 2024 2023 Note Fiied xssets Tangible assets Investments 2.267.487 i 0,000 2.307.969 i 0.000 24 2.277,487 2.317,969 Current assets Debtor5 Cash at bank and in hand 12 138,695 89,700 66,639 57.330 13 228,395 123,969 Creditors: Amounts f*lling due within one year 14 (245,654) (223.630) Net current liabilities (17,259) 199,661) Total assets less current liabilities 2,260.228 2.218,308 Creditors: Amounts falling due after more than one year 15 (523,344) (505,674) Net ass¢ts 1.7J6.884 1,712,634 Funds of the charity: Unrestricted ineome funds Unrestricted funds 1.736.884 1,712.634 TotAI funds 17 1,736.884 1,712.634 The financial slatements on pages 7 to 23 were approved by th¢ tntee5, and authorised for issue on 261051202S.. and signed on their behalf by: YT/onne May Trustee The notes on pages I I 23 forni an integrdl part of these financial statements. Page 9
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Cash Flow Statement for the Year Ended 31 July 2024 2024 2023 Note Cash flows from operating activities Net cash incomel(expenditure) 24.250 (125,805) Adjustmen15 to cash flows from non-cash items tkpreciation Investment income 55,124 {792) 72.363 (406) 78.582 15J,848) Working eapital adjustments Increase in debtors {Decrease)lincrease in creditors Increas¢l{decrease) in deferred income 12 14 15 (72,056) (2.749) 24.773 (7,789) 821 16,297) Net cash flows from operating aclivtties 28.iio (67,113) Cash flows from investing activities Intrrest receivable and similar income Purchase of tangible fixed assets Sale of tangible fixed assets Acquisition of investments in subsidiary undertakings Net cash flow5 from invesling activities 792 (14.642) 406 949 ( i 0,000) 24 (13.850) (8.645) Cash flows from financing activities Repayment of loans and borrowings Net increasel(decr¢&se) in cash and c&sh equivalcnts 14 17,670 (54,076) (129,834) Cash and cash equivalents at l August 57,330 187,164 Cash and cash equivalents at 31 July Reconciliation of net cash flow to movement in net funds Increa5e/(decrease) in cash 89.700 57,iiO 32.370 (129,834) 187.164 Net fvnds at l August 2023 57.i30 Net funds at 31 July 20?4 89.700 57.330 All of the c85h flows are derived from continuing operntion5 during the above two periods. The notes on pages 11 23 forni an integral part of these financial statements. Page 10
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Notes to the Financial Statements for the Year Ended 31 Juty 2024 l Accounting policies Statement of compliance The financial statements have been prepared in a¢cordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation Nottingham Roman Catholic Diocesan Youth Service meets the definition of a public benefit entity under FRS 102. Assets and liabiliiies are initially recogni5¢d at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going coneern The financial ststements have been prepared on a going concern basis. The tNstees asses5 whether the use of going concern is appropriate i.e. whether there are any material uncertainiies related to events or conditions that m3y cast significant doubt on the ability of the chariry to continue as a going concern. The trnslees make this assessment in respect of a period of one year from the date of approval of the financial statements. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entiilement to the inwme. it is probable that the income will be received and the amount can be measured with sufficient reliability. Donations and legacies Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. Grants receivable Grants are recognised when the charity has an entitlement ts) the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the granl and are yet to be mel the income 15 recognised as a liabiliry and included on the balance sheet as deferred income to be released. Deferred income Deferred income represents amounts received for fijture periods and is released to incoming resources in the period for which, it been received. Such income is onl) deferred when: The donor specifies that the grant or donation only be used in future acwunting periods; or - The donor has imposed conditions which musi be met b¢fore the Chariry has unconditional entitlement. Page
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Notes to the Financial Statements for the Year EDded 31 Juty 2024 (continued) Expenditure All expcnditure is re¢ognised once there is a legal or constructive obligation to that expenditure, 1¢ is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregates similar cos15 to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consisteni with the use of resources. with central staff costs allocated on ihe basis of time spenl. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable odivilies Charitable expcnditure comprises ihose costs incurred by the Charifv in the delivery of its activities and services for its beneficiaries. It include5 both costs that can be allocated directly to such activities and those costs of an indirect nattire necessary to support them. Taxation The charity is considered to pa5S the tests set out in Pardgrdph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the ¢harity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitsble purposes. Tangible fixed assets Jndividual fixed &ssets costing £500.00 or more are initially recorded al Cost. less any subsequent accumulated dcpr¢ciation and subsequent rMulated impairnient losses. Depreciation and Amortisation Depreciation is provided on thngible fixed assets so as to wriie off the cost or valuation. less any estimated residual value, over their expected useful ewnomi¢ life as follows: Asset clgss Land & buildings Furniture & equipment Motor vehicles Computer equipment Depreciation method and rate 20/0 Straight line l O % rcducing balance 25 % reducing balanc¢ 330/0 reducing balance Trade debtors Trade debtors are amounts due from ¢ustorneTS for merchandise sold or services perfornied in the ordinary coursc of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. .4 provision for the impaimienl of debtors is estsblished when ihere is objective evidence thai the charity will noi be able to collect all amounts due according io the original ienns of the receivable5. Page 12
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Notes to the Financial Statements for the Year Ended 31 July 2024 (continued) Cash and cash equivxlents Cash and cash equivalents comprise cash on hand and call deposits. and other short-terni highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services thai have been a¢quired in the ordinary course of business from suppliers. Accounts payable are classified as Cuent liabilities if the charity does not have an unconditional right, ai the end of the reporting period. to defer settlement of the creditor for ai least twelve months after the reporting date. If ihere is an unconditional right to defer settlement for at leasl twelve month5 after the reporting date, they are presented &$ non-current liabilities. Trade creditors are recognised initially at the Irdnsaction price and subsequently measured at amortised cost using the effective interest method. Fund strueture Unrestricted income funds are general funds that are available for use at the trustees. discretion in furtherance of the objectives of the charity. PeD5ions #nd other post retirement obligations The ehariry operates a defined contribulion pension scheme for employe¢s. The assets of the scheme are held s¢parat¢ly from those of the charity. Pension costs charges in the Statem¢ni of Financial Activities represent the contributions payable by the charity during the year. Page 13
Nottingham Roman Catholic Dioeesan Youth Service known as The Briars Notes to the Financial Statements for the Year Ended 31 July 2024 (continued) 2 Income from donations and legacies Unrestricted funds General Totsl 2024 Total 2023 Donation5 and legaeies; Donations from companies. trusts and similar proceeds Donation5 from individuals Grants, including capitsl grants. Grants from other charities 24.844 6,981 24,844 6.981 9.419 95,000 95.000 loo,000 126,825 1 ?6,825 109,419 3 Income from Charitable activities Unrestric¢ed funds General Total 2024 Total 2023 Fee income Tuckshop & bar income Activities 515,752 22,909 515,752 22.909 471,431 21,690 5,546 5J8,661 538,661 498,667 Page 14
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Notes to the Financial Statements for the Year Ended 31 July 2024 (continued) 4 Grants aDd donations unrtricted funds Totgl funds Nottingham Roman Catholic Diocesan TteeS Sundry donations NDCYS Trading Ltd 95,000 6.981 24.844 95,000 6.981 24,844 1 ?6.825 126,825 5 Investment income Unrestrieted fun General Total 2024 Total 2023 Interest receivable and similar income- Interest receivable on bank deposits 792 792 406 6 Other income Unrestricted Total 2024 Total 2023 General Rental income Gains on sale of tangible fixed assets for chartty'5 own use 56.580 56.580 71.568 717 395 Other income 1.637 1,637 58.217 58.217 72.680 Page 15
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Notes to the Financial Statements for the Year Ended 31 July 2024 (continued) 7 Expenditure on eharitAble activities Unrestricted funds GeneTAI Totsl 2024 Total 2023 Bank fees Bar expens¢5 Chaplain & diocesan costs Cabin expenses Depreciation expense Development and building costs Food General administrdtion Housekeeping Loan interest payments Lease agreements Payroll & professional fees Repairs and maintenance Waste management Servic¢ provision Sundry Training Tuck shop expenses Utilities & insurance Vehicle expense Wages allowances RecNitment 3,461 3,461 3.725 3,475 3,778 55,124 928 3.718 6,779 i,475 3,778 55.124 72,363 10.082 76,505 9.680 14,494 12.368 1.008 20,682 10,522 53.972 3?,935 10.282 23,711 1,008 3,103 15,107 5.837 8.320 2.052 5,337 1 ?.730 44.431 1.979 391.713 53,972 10,282 23,711 1,008 15,107 5,837 8.320 2,052 34.226 3,53? 3,952 11.755 62,943 5,553 414,379 544 12,730 1.979 391,713 68?,080 682,080 776,013 Page 16
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Notes to the Financial Statements for the Year Ended 31 July 2024 (continued) 8 Other expenditure Unrestricted Total 2024 Total 2023 Genernl Bungalow expenditure 18.165 18.165 30.964 18.165 18,165 30,964 9 Net incomingloutgoing resources Net incomingl(outgoing) resources for the year include.. 2024 2023 Depreciation of fixed assets 55.124 72.363 l O Staff costs The aggregate payroll costs were as follows: 2024 2023 Staff eosts during the year were: Wages and salaries Social security costs Pension Costs 359,008 20,070 12.635 377,456 21,917 15.006 391,71J 414,)79 Page 17
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Notes to the Finaneial Statements for the Year Ended 31 July 2024 (continued) The monthly average number of person5 (including senior management team) employed by the charity during the year was as follows: 2024 2023 Number of employees 27 26 13 (2023 - 20) of the above employees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schemes for the year totalled £12,635 (2023 - £15,006). No employee received emoluments of more than £60,000 during the year The tothl employee benefits of the key management personnel of the charity were £91.116 (2023 - £126,640). Tangible fixed assets Land and buildings Furniture and equipment Computtr equipment Motor vehicles Total Cost At l August ?023 Additions 3,052,249 13,559 278,184 i.240 10,662 1,083 3,344,335 14.642 At 31 July 20?4 i,065,808 278,184 1.745 J,J58.977 DepreciatlOD At l August 2023 Charge for the year 790,755 49.624 234.308 4.386 1.873 342 9.430 772 1,036,366 55,124 At 31 July 2024 840,379 238.694 2.215 10,202 1,091,490 Net book value At 31 July 20?4 2,225.429 39.490 ,025 1.543 2.267.487 At 31 July 2023 ?.261.494 43,876 2,307,969 Page 18
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Notes to the Financial Statements for the Year Ended 31 July 2024 (continued) 12 Debtors 2024 2023 Trade debtors Due from group undertakings Prepayments Other debtors 106.841 9,400 932 21,522 63,941 2.698 138,695 66,639 13 Cash and eash equivalents 2024 2023 C&sh on hand Cash at bank 4.631 85.069 3.402 89.700 57.330 14 Creditors: amounts falling due within one year 2024 2023 Trade creditors Other loans Due to group undertakings Other t&¥ation and social security Other creditors Deferred income 6.855 57,000 22.594 57,000 4.264 29.173 15,036 95,563 52,914 8,549 1 ?0,336 245,654 223,630 Other borrowings Loan from the Diocese with a carrying wnount of £580,344 (20?3 - £562,674) is denominated in Sterling with a nominal interesi rate of B&se plus 20/0 (2023 - Base plus 20/0). The final insialment is due on 30 June 2034. Repayable over 12 years. Starting January 2022 15 Creditors: amounts falling due after one year 2024 2023 Other loans 523,344 505,674 Pag¢ 19
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Notes to the Financial Statements for the Year Ended 31 July 2024 (continued) 16 Obligations under lease5 2nd hire purchgst contracts 2024 2023 Other Within one year Between one and five years 1,162 1.162 1.162 1,162 2,324 17 Funds Balance at I Augus¢ 2023 Incoming resourees Resources eipended Balanee at 31 July 2024 Unrestricted ndS General General fund 856,684 724,495 (682.074) 899.105 Oiher Revaluation Reserve 855,950 (18,171) 837.779 855.950 (18,171) 837.779 Total funds .712.634 724.495 (700.245) 1,736,884 Page 20
Nottingham Roman Catholic Dioeesan Youth Service known as The Briars Notes to the Financial Statements for the Year Ended 31 July 2024 (continued) B4lgnct at I August 2022 Incoming resources Resources expended Balance gt 31 July 2023 Unrestricted funds General General fund 964,318 681.172 (788,806) 856,684 Oiher Revaluation Reserve 874,121 (18.171) 855.950 874,121 (18,1711 855,950 Total funds ,838,439 681.172 (806.977) .712.634 18 Analysis of net assets between funds Unrestricted 2024 Total funds General RestTieted Tangible fixed assets Fixed asset investhients Current assets Curreni liabilities Creditors over l year 2.267,487 i 0.000 228,J95 (245.654) {52J.344) 2.267,487 i 0,000 228.J95 (245.654) 1523.344) Total net assets 1.736,884 ,736.884 Unrestricted 2023 Totgl funds GeDernl Restricted Tangible fixed assets Fixed asset investments Current assets Current liabilities Creditors over l year 2.307.969 10.000 123.969 {22J.6JO) (505.674) 2,307,969 i 0,000 123.969 (223,630) 1505.674) Total net assets 1.712,634 .712,634 Page 21
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Notes to the Financial Statements for the Year Ended 31 July 2024 (continued) 19 RelAted party transaetions During the year the charity made the following related party transactions: The Right Reverend Patrick McKinney During this period. the charity received support totalling £95,000 (2023: £95.000) from Nottingham Roman Catholic Diocesan Trustees. In 2021 the charity also received a loan of £650,000 from the Diocese repayable over 12 years at an inierest rate of B&%e plus 20/0. The Right Reverend Patrick McKinney is also a trustee of this connected charity. Ai the balance sheei date the amount due tolfrom The Right Reverend Patrick McKinney Wd5 £Nil {2023 £Nil). 20 Benefit5 in kind During the period the charity benefi(ed from rent free use of accommodation owned by Nottingham Roman Catholic Diocesan Trnstees the no(ional value of £32,000 {2023- £32.000). 21 T¥xation The charity is a registered charity and is therefore exempt from taxation. 22 Trustees remuntration and eipenses No truslees. nor any persons connected with them, have received any rcmuneration from the charity during th¢ year. No trustee5 have received any reimbursed expenses or any other benefits from the charity during the year. 23 Independent eiaminer's fees During the period, the fees payable {excluding VAT) to the charity's independent examiner Community Accounting Plus are analysed as follows: 2024 2023 Independent examinaiion Payroll services 1,940 422 1,750 1,750 Pagc 22
Nottingham Roman Catholic Diocesan Youth Service known as The Briars Notes to the Financial Statements for the Year Ended 31 July 2024 (continued) 24 Fixed asset investments Shares in group undertakings Ind participating interests Subsidiary undertaking5 Total Cost At l August 2023 i 0.000 i 0,000 At 31 July 2024 i 0,000 i 0,000 Net book value At 31 July 2024 i 0.000 i 0.000 At 31 July 2023 i 0,000 i 0,000 Det#i]s of undertakings Details of the investments in which the charity holds 200/0 or more of the norninal value of any class of share apilal are as follows- Country or incorporation Proportion of voting rights Principal and shgres held activity Undertaking Holding 2024 2023 Subsidiary undertakings 10000 Ordinary Shares of £1 each the provision holiday accommodation NDCYS Trdding Limited England & Wales IOO/• Page 23