FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Restrictsd
funds
funds
2024
2024
Total Unrestrlctsd Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Charitable activitles
Investrnents
118.675
118,675
109,544
109,544
Total Income
118.675
118.682
109.544
109,553
Expendlture on:
Charitable activities
218
124.162
124,380
221
157,674
157.895
Tolal oxpondlture
218
124,162
124,380
221
157,674
157.895
Net expendlture and
movement In funds
(211)
(5.487)
(5,698)
(212)
(48.130)
(48,342)
Reconclllatlon of funds:
Fund balances at 1 April 2023
42.236
17.018
59.254
42,448
65,148
107,596
Fund balances at 31 March
2024
42,025
11.531
53,556
42,236
17.018
59.254
The statement of financlal actilAties includes all gains and losses recognised in the year. All income and expenditure
derive from continuin9 ad1vit￿$.
16-

FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notès
Current assets
Debtors
Cash at bank and in hand
13
37,464
25,917
39.964
28,578
63.381
68.542
Creditors: amounts falllng duo wlthln
one yoar
14
(9.825)
(9,288)
Net current assets
53.556
59,254
Income funds
Restricted fvnds
Unrestricted funds
16
11.531
42.025
17.018
42,236
53.556
59,254
The company is entitted to the exemption from the audit reqU1￿ment contsined in sectton 477 of the Companies Act
2006, for the year ended 31 March 2024, although an audit has been carried out under section 144 of the Charities
Act2011.
The directors acknovAedge their responsibilitres for complying v￿th the requirements of the Companies Act 2006
with respect to aceounting records and the preparation of financial statements.
17-

FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The members have not requlred the company to obtain an audrt of its financial statements under the requirements
of the Companies Act 2006. for the year in question in accordance V*ith section 476.
These financial statements have been prepared In accordance with the provisions applicable to companies subj'ect
to the small companies reglme.
The finan￿al statements were approved by the Trustees on 19 September 2024
Mr R A Jones
Trustee
Company registration number N1020232
18-

FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notss
Cash flows from operatlng activities
Cash absorbed by operations
20
(5.168)
(27,578)
Investing activities
Repayment of loans
Investment Income recelved
2.500
12,000
Net cash gonerated from Investlng
actlvltles
2.507
12.009
Net cash used In finan¢lng activities
Net deerease In cash and Gash equivalents
(2.661)
115,569)
Cash and cash equivalent5 at beginnin9 of year
28.578
44.147
Cash and cash equlvalents at end of year
25.917
28.578
19-

FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcl
(Contlnued
8asi¢ flnanclal liabilities
Basic ffinancial liabilities, including creditors and bank loans are initialty recognised at transaction price unless
the arrangement constitutes a financing transa¢tion. vthere the debt instrumenl is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classthed as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using the effective interest rate method.
Trade credltors are obligations to pay for goods or services that have been acquired in the Ordin￿ course of
operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one
year or less. If not, they are presented as nonvcurrent liabilities. Trade creditors are recognised Inrtially at
tr8nsactlon prlce and subsequenuy measured at amortised cost usin9 the effective interest method.
Derecognhlon of financial Ilabilities
Financial liabilities are derecognised ￿en d￿rity's contraclual obligattons expire or are discharged or
cancelled.
1.9 Employeo beneffts
The cost of any unused holiday entitlement is recognised in the period in which the employee's serV￿eS are
received.
Temination beneffts are recognised immediately as an expense when the charty is demonstrably committed
to terminate the employment of an empk)yee or to Provide temiination beneffts.
1.10 Retirement bèneffts
Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due.
Crltlcal a¢¢ountlng osllmatss and Judgernents
In the application of the charity's accounting policies, the trustees are required to make judgements. estimates
and assumptions about the carying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results May differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is fevised where the revision affects Lmly that
period. or in the period of the revision and future periods where the revision affects both current and future
periods.
Incomo from charflablo actlvltles
Restricted
funds
2024
Rostrictsd
fund8
2023
DSD - Respect Project
118,675
109,544

FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from investments
Unrestricted Unrestricted
funds
funds
2024
2023
Bank interest ￿ceiVed
Expendlture on charltsble actlvltles
FYCDL
Respect
Project
2024
Totsl
FYCDL
Respect
Project
2023
Total
2024
2024
2023
2023
Dirèct costs
Staff costs
Depreciation and
Impairment
Bank fees
Telephone
nsurance
Meetings & conferences
L•9al & professional feas
Printing. postage &
stationery
Training
7,304
111.194
118.498
28.408
118.510
146,918
931
191
503
931
221
1,005
701
1,970
102
30
188
1.154
757
2.000
120
218
1,154
757
2.000
120
30
502
701
1.970
102
513
513
650
1,520
650
1.520
7.334
115.926
123.260
29.641
124.377
154.018
Share of support and governance costs Isee note 6}
Govemance
1,120
1,120
3.877
3.877
7.334
117,046
124.380
29,641
128,254
157,895
Analysls by fund
Unrestricted funds
Restricted funds
30
7,304
188
116.858
218
124,162
30
29,611
191
128.063
221
157,674
7,334
117.046
124,380
29,641
128,254
157.895
Support costs allocated to activitiès
2024
2023
Govemance costs
1,120
3.877
Analysed bet￿en.
Charbtable a¢ts'vities
1,120
3,877
-23-

FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net rnovement In fvnds
2024
2023
The net movement in funds is stated after ¢harginty(crediting)'.
Fees payable for the audit of the charity's financial ststements
Depreciation of owned tangible fixed assets
1.120
3,877
931
Audltor's remuneratlon
Fees payable to the charity's auditor and associates..
2024
2023
For audit $8rvlces
Audit of the financial statements of the charity
1.120
3,877
Trustees
None of the trustees {or any persons connected with them) re¢etved any remuneration or benefits from the
charity during the year.
10 Employees
The average monthty number of employees during the year was:
2024
Number
2023
Number
Emptoyees
Trustees
Totsl
10
12
Employment costs
2024
2023
Wages and salaries
Social security ¢osts
Other pension costs
110.705
7.133
660
135.714
10.528
676
118,498
146,918
There m￿re no emDloyees whose annual rernUnerat￿ vras more than £60.000.
Remuneration of koy management personnel
The remuneration of key management personnel was as follows:
11 Taxatlon
The charity is exempt from taxation on tts activilies because all its income is applied for charitable purposes.
-24-

FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Tangible fixed assets
Plant and Flxtures and Comwier
equi￿Ont
ffttings
Total
Cost
At 1 April 2023
153.670
61,593
224
215,487
At 31 March 2024
153,670
61.593
224
215,487
Depreciallon and impairment
At 1 Aprll 2023
153.670
61.593
224
215.487
At 31 March 2024
153.670
61.593
224
215,487
Carrying amount
13 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtors
37,459
39.959
37.464
39,964
14 Credltors: amounts falllng duè wlthln one yoar
2024
2023
Other taxation and social security
Trade Creditors
Other creditors
Accruals and deferred income
2.971
1.040
3.000
2.814
5,401
3,887
9.825
9,288
15 Rellremènt benefit schemes
2024
2023
Defined contrlbutlon schemès
Charge to profft or loss in ￿SpeCt of defined contribution schemes
660
676
The charily operates a defined Contribution pension scheme for all qualifylng employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
-25-

FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Rostrictod funds
The restricted funds of the charity comprise the unexpended balances of donations and grdnts held on trust
subject to specific conditions by donors as to how they may be used.
At 1 Aprfl
2023
Incomlng
resourcos
Resources At 31 March
oxpended
2024
Restricted Funds
17.018
118,675
(124.162)
11,531
Prnvlous yèar:
At 1 Aprll
2022
Incomlng Resour¢è$ At 31 March
resource$
exponded
2023
Restrtcted Funds
65.148
109.544
(157,674)
17.018
17 Unrestrieted funds
The unrestricted funds of the charity comprise the unexpended batances of donations and grants which are
not subject to Specif￿ condttions by donors and grantors as to how they may be used. These include
desSgnated funds 4thlch have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2023
Incomlng
resources
Resourcès At 31 March
expended
2024
General funds
42,236
(218)
42.025
Pr•vious year:
At 1 Aprfl
2022
Incomlng
resource5
Resources At 31 March
expended
2023
General funds
42.448
(221)
42.236
18 Analysls of net assets between funds
Unrèstricted
funds
2024
Restricted
funds
2024
Total
2024
At 34 Marth 2024:
Current assetsl(liabilitres}
42.025
11.531
53.556
42,025
11.531
53.556

FARSET YOUTH AND COMMUNITY DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Analysls of net assets bètween funds
(Continued)
Unrnstrlcted
funds
2023
Restri¢tsd
funds
2023
Total
2023
At 31 March 2023:
Cu￿ent assetsl(liabilities)
42,236
17.018
59.254
42,236
17.018
59.254
19 Related party transactions
The Trusees in Farset Youth and Communty Development Limtted (FYCDL) are also trustees in Farset
Development Limited (FDL)-
Included In debtors is a loan balance of £37,459 (2023-. £39.959) due from FDL.
During ihe year. the company invoiced FDL £24.000 (2023: £25,01)O) for management charges.
FYCDL also paid FDL a total of £2.000 (2023-. £1.970> for room hiring.
20 Cash generated from operatlons
2024
2023
Deficit for the year
{5.698)
(48.342)
Adjustments for..
Investment Income recognised In statement of financial activities
Depreciation and impaiment of tangible fixed assets
17)
(9)
931
Movements ifl working capttal..
{Increase)Idecrease in debto
Increase in creditors
17.682
2,160
537
Cash absorbed by operatlons
(5.168)
(27,578)
21 Analysis of changes In netfvnds
The charty had no material debt duriNJ the year.
-27-