Chartty Registration No. NIC 105711 Company Reglstratlon No. N1027446 (Northern Irelandl THE BYTES PROJECT DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 THE BYfES PROJECT CONTENTS Pa99 Charity reference Bnd adminislralive details Dir8clor5' Rgport 2- 11 Indop8ndent audSlor's r8POrt 12. 1S Statement of financial activities lincorporaiing the Income and Expenditure Account) Balance sheet Statement of c9sh flows Not#$ lo thè financial 5t8temenls 19.27 THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) CHARITABLE REFERENCE AND ADMINISTRATIVE DETAILS Dlrg¢tor5 Ben Carter (Chairl Andrea McLoughlin (Vice-chairl Ed Axon Ciaran Connolly Neil Cook8 Andrew Hamilton Stephen Murray (Treasurer) Ros5 Thompson Company secretary St8phon Dallas Chlef •x•¢ullv• offl¢•r St8ph8n Dallas Charlty numb•r NIC 105711 Company number N1027446 R•glstored wSth Thg Charlty Commlsslon NIC105711 for North•m Ir•land Reglstered offlce and prlnclpal offlc• 300.302 AnlrSm Road Newlownabbey Northern Ireland BT36 SEG Independent Audbtor Johnston Kennedy DFK Chart#red Accountants Regist8r8d Audrtors 10 Pilot5 View Heron Road B*llast BT3 9LE Bank•r8 Bank of Irèland Bellasl Cily Branch 4- 8 Hlgh Stro•1 Bellasi BT1 2BA THE BYfES PROJECT DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Th8 Irust88s, who are dir8clor5 for the purpose of company law, present their annual repth including the strategic r8POrt together with the 8udiled fin8n¢ial staternents of the charity for the year ended 31 March 2023. The trustees h8V2 adopted Ihts provisions of thè Stat8menl of Recommandèd Practice ISORPI"Ac¢ountr'ng and R?￿rtIng by ¢￿?rILl0$ IFRS 1021 in preparing thp annual rÉport and financial sia18m8nts ol the charity. Dlrectors The lollowiro directors have held office since 1 April 2022 (unless 5taledl. 8en Carter (Chairl Andrea M¢Loughlin IVi¢e-chairl Ed Axc)n Aimee Clint C¥iaf%ln Connolly Neil Cooke Andrew Hamilton Colin Mccabrey Stephen Murray ITreasurerl Ross Thornpson {Resign8d 16 May 20231 IR8slgn8d 16 March 20231 Dlr•etor8' Int•r•stg Non8 of tha dirèctors of th8 company hold 8 bonefi'eial intergst in lh8 as$8ls of the company, Th&r6 wore no emolument8 paid lo directors during the current year. Directors did not clairn any 8xpens8s during the current year in their capacity as Directors. Chl8f Exgcutlvg Offlcor Since April 2021 the Chief Ex8Gulive Officer, known a8 the Chief Executive Officer and Cornpany Secretary, ha5 been Stephen Dallas. Structurol gov8manu and managom8nt The By185 Projecl 15 3 youth work Gharity that ha5 been ivorking wilh the most vulnerable young peoplg in Northern Ireland. We were eslabli5hed in April 1993, when a small group of ￿Ople designed an inmvalive concept for Belfast, based on 8xp8rianc8 in an innor$n revièwèd. A risk règistèr is ntsw ineludad as a standing agenda at Board me8tings. Public Benefit Statement The charity s bèneficiariès ara goaally dlsadvantag8d Y￿jng p8opl&. The public benefits of the charity include increased knowledge. skills and qualificgtions and impraved employability for socially dlsadvanta9èd young pèopla. Incraasad knowlèdga, skills and work-r*latod axpèrienca and improved ernployabilily and Increased seff-891eem and wnfidenGe for the wothpl8ce and increased aoce8S to lurlh8r educ3110n, training and omployment. Th85e dired benefi18 are demonstraled through.. The number ol young peoFle who lace social disadvantage cornplekn'ng courses and achieving accredited qualifications and by thè maasurgmènl of prograss against 8mployabilrty oulcomès through both inlarnal ond exl8M318valualion5. The number ol young peO￿e who lace social dis8dvanlage cornpleting creative technology projects and by the mea$ur&m¥nl of progress against inlgnd¢d prc)jo¢t oul¢omo$ through btslh internal and gxtgrnal gvaluations. The number ol young peotAe who lace SOGial disadvantage progre55ing into education, traini￿ and ernploytnenl using personal dcvolopmcnl plans and by the moasurcrnenl of progross against inlcnded porsonal gnd social development ouicornes through both Intamal and axternal 8iialualions. Prln¢lpal Oblo¢tS¥*• and A¢tl¥S119$ The Charitys Objects are specifically restricted to the following= lo *lvance educalion by providing basic training in information technology. video and audio prgdu¢tion, electrical and me¢honico1 design and manufe¢lure and relaled aGlivi11gs lo per$ons ag9d 16-25 havg li1119 01 no foimal gducalign qualif1¢81ion$ Ihergafter refgired lo a$ trainee$l 8nd in particular. • To enable children and young people io d8velop a sense of ach18vemenl and sell-est88m and lo ancourage and supp)rt Ihem lo'Aards employmenl and edu¢ation81 opportunrties., To provide basic training in digital ta¢hnology an¢ work lo rèductt Ihe digital divide in Nl., • Work collaboralively witr Dlher charities delivering youth sÈrYicf>S lor the benefit ol children aThJ young people by providing regiorwl support. The support will fo¢us on curriculum, worklorce development. govem8n¢e and reprèsenlaiion. Our vision and rnission 8re'. Vlslon I Purpose.. Young peoplé transform thelr world for gtod. Mlsslon.. Eoch year we wll ensure that over 3000 yOLJno people 8¢cess digital technology in cornmunities ol prornisa. Our new stretegy from 2021-24 h8$ nomed four pillars to drive our work.. Youth Voice Youth Ernpathy Youth Digital Youth Pla¢es This report 15 based on Ihese thernes. During this period. we $18rted lo reframe thes8 pillars and r8fingd Ihern lo.. Youth Ernpowermanl Youth ErnploY￿￿llt and Digital Youlh Ernpathy Our new operational plan for April 2023 onwards will follow these three pillars. THE BYfES PROJECT DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Youth Volce In May 2023, @ 18oding Nl think tank published a report tx118d Reconciliotion ond D8privalion. A reccrnm8ndaticn in this r8search was Ihal yourvJ p80p18 n88d 10 b8 dir8Ctly asked about k8y qU8glions for their lulur8, cha118nging that only politiGal lea¢ers sp8ak for cornmunili85 and young people. Since 2020 Bylas has dovalopèd Ihg Posltiv& Sparks platform to engag8 Ihe voico of young peoplo from rural ccrnmunitl*s about th8 IS5u8s that Ih8y want lo solv8. A key focus ol Positive Sparks was always to 8n3bl8 childr£n and young people ta acc8ss decision-makers with data and enabla them to effects'vely parlicipate in democratic pracesses. We knew we cx)uld do that across the lo¢al serVI￿S we provide through Bytes and our member organisations. However. this year, we recognised Ihat the data we generate is fo¢us¢d on free-flowing lexl. This has made anal1￿1$ difficult. Therefore. during this ygar. we undertook two exp8rimgnls'. Experiment One.. Consistent Approach to A¥se$sing Lts￿l Nfjedts Frorn June lo September 2022, we gupported 9-member organisations and our youth hubs lo cornplete a needs assessment using digital fomis. We used a standard survey for groups and us8d the data lo produce several reports. on￿ we hod Ihe data, it was shared with young people in each ol the areas for their review and feedback In the forrn of quol8$. Th18 oomplled Into a final raport loi èach area $0 th6y could enyago key stak8holder8 8nd Influenc decisions in Iheir local area. Thiy proc&8$ was morts affective in &nabling local grDUPS lo 8ngage young p8(wle and provide them wilh a rgport they can use lo effectively plan their programmes inllu8nce 8xlernal stakeholders. In addition, as we had a Gonsislent approach, we were able to aggregate the data al a regional level. In total this process engaged ovu 1.200 young people and approxlmalely 50 young peopl8 reviewed the d818 and provided feedback on the dale. This was 8 more effective way 1¢ engage thè voice of young péople and rtinloreed Ihts need lor us lo evolvtt Positive Sp8rks 10 reduce frée-flowing lexl. Exp•rlm•nl Two: Poslllv• Sp•rks- Uslng 3 Th•m• Eetween June and November 2022, we talked lo yourrfJ people and our learn about their experiences with the C05t of Llvlng. Thls Is b9causè we undèrstood thè irnpact it wos havlng on young paople through our an9agèmanls in local comtnunili?$. However, we knew Ihal using Positive Sparks in Ihe Current form would bo lots drffiGull lo dgGode and rapidly present. Therefore, on the Positive Sparks sile, we develoFEd a survey which we shared across social media and our networks of young people. The survey was Ilve between the 6th an(J 23rd of December 2022. In toial I,T39 young ptroplg oggd 11-25 rgspondgd to Ihg survgy. 118sked Yc￿n9 people.. Are you worse off financially than at the start of sutnrner 2022? If you are the bill payer in your hoLisÈhold how WDrriÈd are you about beino able to pay If you ere not the bill payer how worried are yov aboul your porenl$lguardianslpartner paying ygur wcoming bills? - Which rises in c08t3 are you experien¢ing. -which of the following have you had to reduce spending on? Have you or your family used a Food Bank Ihis year? Would you consider taking on extra work or anoth8r job lo help cope with rising costs? A final version of the raport Is at". hltps.'/lwww.bylas.orglrtssoarchl Each ol the points below summ8ris•8 how wé plan to dov8lop Dur Positiv8 Sparks mod81 in the futuro.. Altar tha Positiva Sparks approach lo use strucbjrad quèslions Ihal usè scalas and onè qualitativ¥ rèspons*. Wè also want to develop a function for organisathons lo18av8 granular detail that 8rn8rg85 from the srnall groups reviewing the data for their area. THE BYfES PROJECT DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Evolve P051tive Sparks site to capture the needs of young people under agreed t￿rneS and question5 which are 8V8ilable to everyone on an open-8cce5s digi181 platforrn. Thi5 will be in partnership with key regional partners. Posltion Positive Sparks to become the platform of choice for local voluntary organisations when they airn lo assess needs in Iheir local areas. All data will be freely available. Train youth workers to Use the d￿lIa1 platform to engage young people in reviewing the data and getting rnore qualitative information. Youth Empalhy Bytes partnered with Kells and Gonnor Community lrnprovemenl A5soGiation lo deliver a TBUG proje-l bringing together youth from surrounding communitiès lo discover more aboul their different idenlilies and Cultu￿S. Young people spent mg eslabllshing new relatlonshlp$. 6xplorlng good relauons learnlng logglhor and carrying OLII soclal a¢tion act1￿111￿9. Young people value the opportunity and freedo￿ lo try sports from other cultur88 Without pressure. In partnership with the YMCA, CurTynierin Community Centre and Tullyalley Cornmunity Centre we delivered a TBUC programm& gxplorlng good r$lallons Ihrou9h self-idonlSly and conimunlly idonllly Workshops, Includlng communlty mapping exercises. Th￿ culminated in an overnight residential al Todd's Leap lor tsam-building aclivilies. Young people pariirApated in a social action where they delivered care packages lo the local old people's homes just in tim8 foi Christmas. OverBII. the project was a success and most Df the partiapanls have continued to interact al the YMCA in Drumahoe Ihrough other prolgcts. The TBUC program involving Lincoln Community and Ru118dge group saw two diverse groups come logÈlher. They *arted by working wilhin their community, learning about community mappin9 8nd statistics and then sharing thfrir maps with the other group. Whan the groups camo logelher, Ih&y had leam-building ovents al Creuuan Country Patts. They also look part in sessions looking 81 h8alihy relationships and gambling aw8renes8. They had exciting experiences wh8n Giga Training Game in and showed different skn'lls SiJGh musiG producing and OJing. They also gol soccor GoaGhes coming out and doing skills nights with the young people. Tug¥lli¥r the gruupB came and oryani￿￿ a Halloween Party lor all the youiiy people of IFIV area. They proiiiulvd it alongsido Action Mental Health. The yOLing people went lo job lairs and participated in an Art prograrn that show8d their work in the Derry Train Station. T￿Y worked c>n their cooking skills and cooked for the different members of the groups when 8tlendlng Ih? NW Hub Drop-ln. We had • ¢elebralr)n event Which brought everyone logelher for bowling 8nd dinner. The groups have continued to meet up regularly in the Bytes NW Hub for the drop-in centie. Across Ihe Sperrins, we brought together 47 young people from our 2 main ¢ommunilies to Pgrticipate In ¢i9ht months of team bulldlng & actlvllle8. Thgse young people wouldn't nortnally havg an opportunlly to mlx swlally or have fortnal education wilh people frorn outside of their cornmunily. Through aclivilies, the young people were allowed lo explore Ihryr Ixn idenlity & the idenlilies of others. Parlicipanis looked, not only al our two main traditions bul at oiher tr8dilions. By challenging altitudes & bgligts & learning about diverse Iraditions, we affected altitudinal change throughout the group. The leam building and outdoor adivi11&8 wer8 p￿Itive. Youth Workers noticed how well Ihg group had g$lled and how friendship groups were beginning lo develop. These young people would not have had this chance without our programme. As part of our strategic focu¥ on emp81hy rel8te8 lo how we treat all people. We have explored some new areas of work.. DE Speci81 Education.. we supported several groups lo engage with DE to highlight the role youlh work organisations play in the support of young people with an SEN. THE BYfES PROJECT DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Hillcroft Special Sthool.. we had several engagements with the 12am at Hillcrort to explore how wung people working towards independent living could use our hub at Glengomiley. Youth Dlgbtal This year Bytes accelerated our worf( in this 8re8 Wlth 8 range ol innovalive and creative proje¢t$.' Connect wilh Tech Th& Northarn Regional Coll8g8 r818as8d a lend8r for th8 d8liv8ry ol a Digital Skills programm8 ca118d Connact wlth Tech, funded by th8 Departrnent of the Economy. Th8 purptss8 ol the contract was to appoint a contractor to dèlivér a Digital Progrornrne called 'Connect with Teeh.. This was framèd as 8 new pllol Oigltal Skills Progratnmg to be delivered in eommunity-based lacllill8s Ihat young pèoplè ean acco6$ a# tsppo$•d to eoll89e campusgslprop8rtSes. Byt•s cr8alod a dlgilal skills int8rv•nlion prograrnme in partnership with Giga Training, Giga Is 1 18ading digrtal skills social 8nterpris8 with specialisms in VR, sound 8ngin8&rlng, vld80 editing and digital design. Giga has an outstanding track record ol d&v&loping digital skllls wlth young people. Bytes and Giga Tralning designed a Digltal Skllls and Youth Work Curriculum, We have a unique insight Into how we want lo deliver our digital s tt wi(1¥ ullupViGts. Byt•s has h8lp8d R apply lorpart.llmè Jobs and a Coll￿ coursè. Th8y ar8 looklng fopward lo startlng af th8 CDll8g8 In Saptèmber. R has also bèén succèssful in obtaining part-lim8 work at a loc81 rèstaurant. Thè progrgss R has madé in lh8 pasl few months h8s bèèn Ilfa-¢hanging br lTr•m. R has bg¢ome n￿ra Othgtrlng, and conli(léni and ￿È￿rI8vèls off anKlety ftJ8Vè r•tlueed to th• point whèrè they lèèl thai they can èngagè In attlivltiès and ifttèrèetions th81 ihèy would nom8lly ¢vold. R Is going from slr&ngth lo slrgngth. &FTrd I h&vg hlgh hopes and bgllelthal Ihgy will succood in achigvlng ltrgirgoals In lrffj, Yguth Pla¢t¥ Aller 30 ye8rg of h8ving a prgs$nee ift 8elfasl, wa ch￿0 lo laave the city and Pursue the devtslopmenl of Youth Hubs across Nl. Over several rnonlhs we talked about our lulure direction with young people. stsff and our Board. Thi5 relleclion enabled lo consider the roots ol Bytes.. we used lo be built into the labric ol cornmunities across BeKasl. We decided to rekindle that approa¢h, but instead of focusing on Bemast, we turned to other are8S Vllth limited or inadequate youth services. In August 2022 w6 moved into our new offices in Gl¥ngorml8y. We are in Ihe centre of the town in a building spraad over 2 floors. One floor has a large youtr hub and will be used lo help us move towards opening regular provision. The other floor has space lor our staff team. We are Iwking forward to developing a new luture lor 8ytes at this excellent location. Oth•r Hubs- North Wesl- We celebrated one year back 3t our Strand Road Youth Hub supporting young people across the City. The toam have d61iv6rad èxtensive programmes. We hav6 engaged 6xiansivaly with a wide range of patn6rs including olh•r youth organi6ations. VV9 hav9 kgpt gxcellgnt parlngr6hips with a range of 5Ghoo15. The t93tn arg prgpaiing for th9 launch of thp Youlh Start in the Northwest and engaging partners lo enable us to supwt young people lo progress inlo training and employment. THE BYfES PROJECT DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Anlrim and Newtownabbey - The team ha5 Jeen working hard auoss the region thi5 year. They successfully delivered projects in North Belfast and the Antrim and Newtownabbey council areas including projects in the GlengDmiley are8 al our naw Hubl W8 hav8 d81iv8r8d a project tatkling ASB for a s6cond y8ar lor the EA in Antrim Town. As part of this projeEI, w8 deliv8r 100 evenings of d8tach8d $8SSIDns pgr year, 8ngaging young p8opl8 Involved in risk-taking behaviour. We also support Antrirn and Newtownabbey lo deliver a range ol peryonal and social developrnenl programmes across the Borough. North Anlrim.. Our 881￿mOneY Hub has been v8ry su¢cessful as 8 base lo gxlgnd our r9a¢h in Ihg town and across Villages in the area. This area h8s been vety productive in terms ol building partnerships with olh8r organisalions with whom Bytes has had no previous contact. Mld & East Antrlm We have conllnued our parlnarghlp wllh Kells & Connor Communlly Improvement Assoclallon IKCCIAI, supplying generic non-largelled provision in Kells. Our membership has grown to over 150 Members, with an average of 60 attendlng regularfy. We have also sought lo establish a role lor Bytes as a regional support organisalion with Ihe EA for local groups. To achieve this groups ne8d to regislF>r Bytes as a support organisation on the ￿n￿OI EA r&gistration lorm. We will explore this area in the coming financi91 year. This will enable us to support youth places in areas ¥vhere we have no pr8s8nce bul can support others lo achieve high-q(Jality services lor young people. Achl•v•ment8 and pertomiance This y¢ar we workcij with ov¢r 10 fundors and ongogod ovor 1000 young pcoFJo. Somo oxamplos,. Antrim and Newtownabbey Council- we provided a range ol se￿I￿S en9aging over 500 yDung people. • FE College- supported Northem Regional College lo engage over 260 young people. Good Relallens Programm88- through a range ¢1 funderg wo engaged over 250 young peopb In these prol8¢ts, EA projects- t￿Ough direct delivery or partnership we delivered 5 EA specifications across Nl. This required the weekly &ngag$mgnl ol over 200 young pgoplg. THE BYfES PROJECT DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 OrganlsatSonal Development Wts supponod four staff lo compl81è an OCN Level 2 in Youth Work We also CDmpleled 3 ylaff development days exploring.. Self.Evaluation- Safeguarding and leadership Climate Action Oay Digi181 Skills Wo 81so upgraded slaff ICT 8quipmenl, including mobile devices. Wg now havo ovgr 60 18blgls lo support young people in eveloping Iheir digital skills. As part of th• n8w B￿eS strat8oy 18n prlmary m8asur8s have b88n agr88d upon lor thé organlsallon.. Increased engagement with young people through all our 8clivilies Young people report Improved skills Young people report higher levels ol empalhy for others Young people Increase 8ngag8m8nt wlih www.po8llv8sparks.org Young people 8ng39iny wilh 8yl88 lor more Ihan 6 months rapcsrt they are direeling the a¢livili&S in which Ihtry ar involved. Increase in place-based services Increasè In Bytes partn8rshlp wlth othèr voluntary providars dèllv8rfng youth work Rèsearch published each year Staff salisfacts'on Yearly Incrèas8 In non-granl fundino incomè. We are working to esta)lish o CRM for the organizalion 10 re¢ord our progress against these outcomes. Rr¥e*r¢h Iii Mdrch 2023 we published re)¥earch on the impdut ol Ilie) Cusls ol Living on yDung pwplg. We hdd o¥ver 1,700 respondents. We lound evidenTr tr)at young people are Pxperiencing a reduction in diswsable incorne lor basic items like 10118lries and transport, Ihey ar? wgrried about paying bllls, and 700/ty of r￿pOndents said th?Sr familieg are using food banks. We are convinc8d that the current financial dI￿ale wll erode the mental h&atth of sorne young people. Mle need lo ance Dur services. The results are set out in detail on pages 16 to 27. The Bytes Project returned net income lor the yew of £126.04212022 £138,223) which compriserj a net unreslrided surplus of £142,613 and nel restricted defi¢rt of £17,571. At the year end unrestricted reserves arnounled to £647,229 of which £27,187 wa5 designated towards ffixed assets léavlng Ir80 resorves of £620,042. Rgstricted funds at th8 ygar end amounled lo £125,930 of whS¢h £45.243 was e8ignaled toward8 fixed assets. THE BYfES PROJECT DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Reserves polScy The unreslricl&d funds ara 6ss8nlial lo supply sufficieni funds lo covor any unforeseèn costs which may arise and fulfil the 18gal obligations of the charty if curr8nt18v818 of income ar8 not maiNtain8d. The charity's res8rv8 pdicy is to hold cov8r in line with the recommerKlalions ol tt)e Charity Commission In Northern Ireland. For 2023-24 the Directors aim lo relain 81 least 6 months op8r81ing costs in reserve which would bg jusi over £500k. Ourfree reseNe8 al year end arnounted lo £620.042. Plans for Futur& Periods Th8 plan foi the nexl financial year has b$8n agreed with main funding corning froffl European Social Fund, Furth8r Education Colleges, The Executive Office and RANK. We also have minor partners link Paul Hamlyn and Education Authority, Th8 Byt8S t83rn havè tx)ntlnuèd to Invèstl9at• thè pot8nts.al lor nèw fundlng from P•ae8 Plus and Lèvalllng Up. Th8sg sources ol funding wlll help u$ lo achiéve our operational plan lor Aprfl £023 onwards as datal￿d above. Political and Charitable Donation During the year the cornpany made no polilical or ¢harilable conlribulions. Rofaran¢g and AdmlnSslratbvg 0gtall$ The organisations. del811s arg as disc105ed on the admin181rativ8 deL9ils page. Statement of dir•ctors' respon#ibilitie# I he Irustees, who are also the directors ol I he Llytes Vroiect lor the purpose ol cornpany law, are responsible lor p￿Paring the Directors, Report and the financial stalemenls in occordance with applicable law and United KingdDm A¢¢ounllng Stsndard8 junlled Klngdorn Genorally A￿epted Accounting Pracllcel. Comp9ny Law requires the trustees lo prepare lingnoial statements for ea¢h finoncial yegl which give a true and fair view ol the 8tale ol affairs ol the Charity and ol th& incoming resour¢$s and application ol resourc08, including tho income and expenditure, ol the charitable company lor that year. In prtsparing these financial statements. the Irusleos are required lo.. $91e¢t suitoblo accountr'ng policies and then apply Ihgm consistgntly,. observe the rnelhods and principles in the Charities SQRP., make judggrn81118 and e¥limales that #re reasonable and pruéenl.. - slate whelher applicable UK A¢counling Stsndards have been followed, subject lo any rnaleri81 departures disclosed and explained in the financial $latements', and prepare the Ilnancl81 slalgmenls on the going Concern bosls unless S11s inapproprl819 lo presume Ihal thg charlty wlll continue in operation. The Iruslees are responslble for keeplng adequate accounllng records Ih81 dlsclose wllh reasonable accuracy al any Imo the financial posits'on of ihe charity and enable Ihern lo ensure that the financial stalernents comply with the Corrpanies Act 2006. They are a150 responsitle for safeguarding the assets of the charily and hence lor taking reasonable sleps for riti8s. We, the Directors of the company who held office at the date of approval of these Financial Statemenls. as set our above, each confirm so lar as wo ar8 awar$, that.. There is no relevant audit infomialion of which the company'5 auditors are unaware.. and We have taken all the steps Ihal we ought to have taken as directors in order to make ourselves aware of any relevant audit information and to establish thal the company s auditors are aware of that information. 10- THE BYfES PROJECT DIRECTORS. REPORT (INCLUDING THE STRATEGIC REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Audltors The 8uditorfs services will be re-tendered Ihis year in line with our finanoial pro¢edures. Sp•elal Provlslons Relatlng to Small Companlos This r8POrt has been prepared in accordancg with the sFpGial provision5 Qf Part 15 of tho Companigs AGI 2006 relating lo nall carnpanies. On b8half ol th8 board B8n Cartèr Ben Carter (Chairl Dated: 21 Novembér 2023 11 THE BYfES PROJECT INDEPENDENT AUDITOR'S REPORT TO THE BYTES PROJECT UNDER SECTION a49 OF THE COMPANIES ACT 2006 Oplnlon Wts h8V& 8udited the finan¢ial stslamènls ol The Bytes Project Iihg'charity'l for the year anded 31 March 2023 which compri88 th8 Statement of financisl activi1188, th8 balance sheet, th8 Stat&m8nt of cash flows and th8 notes to th8 financial slatements, induding a summary of significant accounting policies. The linanoal reporting framework that has been applied in their prgparation is applicabl81￿ and United Kingdom Accounting Standards, including Financial Repoming Standard 1 The Financial Reporting Standardapplicable in the UK and R&public of Ireland (United Kingdom GerErally Accepted Acwunling Practi￿1. In our opinion, the financial staternenls.. give a true and lair view ol the slate ol the charitable company's affairs as at 31 March 2023 and of ils incoming r¢sour¢8s and application ol resour¢e$, including rts income and expènditure, for the year then endéd,. havè baon pmporly pr8par8J In accordanc8 wlth Uniièd Klngdom Genèrally Acc8pt8d Accounting Practs'c8,' and have been prepared in acc(rdance wrth the requirements of the co￿paNieS Act 2006. Basi8 for opinion We conducted our audrt in accordan￿ wilh International Standards on Auditing IUKI IISAS IUKII and applicable law. Our r&8ponsibili1168 undor those Standards arts lurthar d8s¢rib$d in the Aiidilors 1&8ponsibilili&s forth& audil of the fin&n¢i&l stal&ments section ol our report. We are independent of the charity in accordanca with the ethical requirements that are relevant to our gudit of Ihe lin8nc481 Slgtempnls in the UK, including the FRC'S Ethic81 Slandaid. and we have f(Jllilled our other elhi¢al responsibilities in accordancg wilh these rgquiremenls. We bgli$ve that the audit eviden¢s wg hgve obtained 1$ sufficient arKI appropriate io provide a basi5 lor our opinion. Conclusions Telating to going roncern In audiling the linanc4al slatemenls, we have concluded Ihat the directors, use of the going concern basis of accounting in the preparation of the financial slatem&nls is appropriate. &ased on the work wp have performed. we have not identified any material uncert?intie$ relating to events or cvnditions th41. individually or ¢o118clively, may east signilic8nl doubl on Ihe charity's 8bilily lo continue as a going cun¢ern for a period of al least Iwglvg mgntrs frorn when the financial slalgmenls ar9 aulhorised lor i88ue. Our r9$pon$lbllllies atYJ th9 rgspon$lbSIill&s of Ihe dlre¢tors wllh r&spg¢1 lo goSng ¢on¢grn arg described In Ihg rglgvonl secb'ons ol thi¥ rgport. Oth•r Inforrnatlon The Iru618gs are responsible lor the other information. The other inforrnalion cornprises tre information included in the annugl report, other than the linanBial statements and our auditor's report thereon. Our opinion on the financial staternents does nol w'i8r the other information and, except lo the extent otherwise explicitly slated in our report. wo do not trxpress any form ol assurance conclusion thereon. In connection with our audit of the financial statements, our ￿Spon￿bIlitY 18 lo lead the other information and, in doing so, consider whether the other information is mal&rially inconsistent with th8 financial statements or our knowledge obtained in the gudit or olheNise eppears to be materially misstotee. If we identify svch material inconsislen¢ies or apparent malerial missi8lemenls, wa are required to deleminè wh&lher Ihore is a material mi$stai&mènt in the finanei81 Staltsmenls or a material misstatement of the olher inlorrnation. 11. based on the work we have performed, we conclude thai there is a moterial misststement of this other information, we are required lo report that lacl. We have nothing to report in this regard. 12- THE BYfES PROJECT INDEPENDENT AUDITOR'S REPORT TO THE BYTES PROJECT (CONTINUED) UNDER SECTION a49 OF THE COMPANIES ACT 2006 Oplnlons on other rnattor5 proscrlbed by tho Companlos A¢t 2006 In our opinion, based on Ihts work undartakan in the ¢our8e of our audit.. the infomi8bon 9ven in the Yirectors, report In¢orFK>f8ting the str8te9ic rep¢>rt. prepered for the purposes of comp8ny law, ltsr the financial year for which the financial slalements ale prepared is consistent wilh the financial staletnents., and the directors, reFQrt has been prepared in accordanc8 with applicabl8 legal requirernents. Mattors on whlch w• ¥r8 r•qulrwl to roport by •xcopllon In the light ol the knOw￿dge and understanding of the charity and it5 environrnent obtained in the course of the audit, w8 have not identified material misstalemenls in the Strateg￿ report induded within the directors, report. We hav8 nothing lo report in respect ol the fdlowing matters wh8re the Cornpanies Acl 2Q06 requir85 us lo repLYt lo you if, in niir nDinirJn' SuffiC￿nI accounting r8cords have not been kept., or tha linanoal slat8mènls ara not in agrggmènt wilh tha accounting r8cord5', or C8rtain disclosures of trustees, r8mun8ralion specif18d by law are not made., or we h8ve not received all the information and explanations we require lor our audit. Re8ponBibilitie& of trustees As explained more full￿ in the statement of directors, responsibilities. the Iruslees. who are also the directors of the charity for the purpose of company law, are responsible for the preparation ol Ihe linencial statemenls and for being salisfied Ihgt they oivè a true and lair vièw, and for such internal control a8 Ihe Irusieeg dglermin• 1$ ntrcessary Its anablg the pr6p8ralion of financial slal8menls that ar8 Ir88 Irom material misstalem8nl. whelh8r du8 to fraud Dr error In preparing th8 financial slatem&nt$, the trustees are respu)slblé lor 8$sessing the ¢harity'$ 8bilily to continue as a golng eon¢èm, cJis¢l0sing, 8$ applicablè, mattèrs r818led lo going Coneern and using tha going concern basis of accouniing unless the trusietss either intend lo liquidal8 the charitab18 company or io cease op8ralions, or have no realistic alleinative bul lo do so. 13- THE BYfES PROJECT INDEPENDENT AUDITOR'S REPORT TO THE BYTES PROJECT (CONTINUED) UNDER SECTION a49 OF THE COMPANIES ACT 2006 Audltor's responslbllllles for the audlt of the flnanclal statements Our objectives arts lo cl)tain reasonabl6 a￿vrance about whelhar tre financial statements as ¥ whole ar8 free from rnalan81 misstat8m8nt, whether due to fraud or 8rror, and to issue an auditorfs report that Includ8s our opinion. R&asonabl8 assurance is a high level of assurance bul Is not a guarantee that an audit conducted in 8¢cord8nce wilh ISAS IUKI will Iways del8cl a material rni5stslgmenl when it exists. MisstaleThenl8 can arise frotll Iiaud or error and are Considered material if. individually or in the aggregate, they could r&asonably be expected to influence the economic decisons of users iaken on the basis of these financial slalements. Irregularities, inoluding fraud. are instances of non-cornpliance with laws and ie9ulations. We design prooedures in line with our r&gponsSbllillgs. ouulngd abovo. lo delecl malfrrfal mlssl81om8nts In respect ol Irrguularllios, Includlng fraud. Th& exlonl lo vihich our procedures ar8 capable ol detecting irregularitses, including fraud is detailed bebw.. the nature of the aativilies and sector. control enwronment and perfr)miance,' rgsults ol our trnouiries ol manogemtrnt abgul IhgSr own IdenUli¢allon and a$s&9sm&nl of thg rksks of IrrggularitS9S', • any rNallers we idenb'lied having obtained and revi8wed the charitable company's document￿.On of their policies and procedures relating lo.. idgnlifying, evaluating and cornplying with laws and Iggulalions and whelh&r Ihey wgra aware of any instsnctss of non-compliance; detecting and responding to the risks of fraud and whether they have kno¥vledge ol any actual, suspected or 8lleged tr8ud., the internal Lunlrols established to mrtigal8 risks of fraud or non-compliance wilh laws and regulalians., the rnotlers disoussed gmong the audit enga9emenl legm ond relevant interngl speoi81ists where neoessary regarding how and whore Iraud mighl occur in th$ financial slal¥manl$ and any potential indicaltsr$ ol fraud. As B rp5uII ?f these priJGetJurp5, we cgnsidered the opportunities and inGentive3 Ihal rnoy exist wilhin the or98ni58lion for fraud. In comtnon with all auéils under ISAS IUKI. we are also required its pertorrn 8pecili procedures lo iespond to Ihe risk of rnanagement override. We also oblaingd an underglariding of Ihg legal and rggulalory Iratngwork$ Ihat the charilgble company operates in, fo¢u¥ing on provisions of those kjws ond re9ulations Ihol had a direct effect on the determination af rnaterial Dmounls and disclosure5 In the Ilnan¢ial $181gmenls. The k&y18ws and regulallons we ¢onsSdgre¢J In Ihls Conlexl Included the Companles Act 2006, the Charities Act (Northem Irglandl 2008 and Taxation Legislation. In oddlllon. we ¢onslder9d provl$lons of olher Igws ond rggulallon$ Ihgl do not havg o dlrgct gffgcl on Ihfj finan¢lal tAt8m8nt8 hul c.ntnpli4ncM with whirh MAY he lundarn8nlAI lo th8 rharilAhl8 r￿MP￿ny'S ability In Dr tn material penalty. AS a result of perfortning the above our procedures lo respond lo risks idenkn'lied included Ihe following.. reviewing the financial staternent disclosures and testing 10 supporting documenlation to assess compliance with provisions of tèrms of funding. rèlsvant laws and ragulalions dèscribad as having a dirg¢1 affacl on Iha financial stalements.. enquiring of m8nagemenl conceming actual and potential litigation and ¢1gims performing analytical procedures lo idonlily any unusual or unexpg=18d relalionships Ih8t may indi¢al$ ri$k$ of aterial mi55latsrnent due lo fraud., reading minutes of meetings of thoge charged wth governan￿ and reviewing correspondence wilh HMRC',and in addressing the risk of fraud through rnanagemenl override of ¢onliols. lesiing the appropri8ten88s ol journal entri98 and other adjuslrnenis,. assessing whether the judgements made in rnaking accounting e5tirnales are indirative ol a potential bias,. and evaluating Ihe business ralionale of any significenl tr8nsaclions Ihat are unusual or oLJtside the normal cours8 ol business. We also ¢ommunl¢atgd rg19vanr Idgniiflgd laws and re￿I9110n5 and poientlal fraud rlsks 10 all engaggmgni Igam rn8mbers, including intemal specialists, and remained alert lo any indications of fraud or non-GomplianGe with laws and regulations throughout the audit. 14- THE BYfES PROJECT INDEPENDENT AUDITOR'S REPORT TO THE BYTES PROJECT (CONTINUED) UNDER SECTION a49 OF THE COMPANIES ACT 2006 This r8POrt 15 mad8 solely to th8 charity metnb8r5, as a body, in aCC￿rdanCe with Chapler 3 01 Part 16 of th8 Cotnpanie5 Act 2006. Our audit work ha5 been undertaken so that we rnight state to the charity members those rnatters we are required to slate to them in an auditorfs r8POrt and for rno other purpose. To the fullest extent pèrmitted by law, w8 do not accepl or 85surn8 responsibility to anyone other than lh8 charity and th8 charrty M8￿berS as a body, for our athit work, for this report, or for the opinions we have formed. Jarnes Gago J•m•s Gag• IS•nlor Statutory Audltorl for and on behall of.. Johnston Kènnady DFK 8tatutory Audltor Charterèd Ac¢ountanl8 Registered Auditor$ 10 Pllots Vlèw H•ron Road B•lfasl BT3 9LE Dated: 21 November 2023 15- THE BYfES PROJECT STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted fund5 Restricted funds Total 2023 Total 2022 Nole$ Incom• from: Charitable activibe5 79,188 1.054,097 1,133,285 1,392,717 ondllure on= Charitable activities 3,464 943,779 1,007,243 1,254,494 Total expenditure 63.464 943.779 1,007,243 1,254,494 Not In¢omlng 15,724 110,318 126,042 138,223 TYansfèT6 betw&8n fund8 14&15 127,889 1127,8891 Net movement In funds 143,613 117,5711 126,042 138,223 Total funds brought forward 503,616 143,501 647,117 508,894 Total fund8 carried lotward 647,229 125,930 773,159 647,117 Contlnulng op•ratlon$ Th8 Statement ol Financial Aclwili85 ha5 been prepared on the bas 8 Ihal all operations are continuing operats'on8. Stat•m•nt ol compr•h•n8lv• Incom• There is no other comprehensive income lo report lor the finoncial year. Comparativ•8 The ¢ornp¥ralive arnounls by fund h¥ve been dis¢lo$ed in notes 2 ond 3. Hlstorlcal cost The resu115 as disclos8d In the Slal#m*nl of Financlal Acllvlti*s and th8 n81 incoming r8yources lor the y8ar hav8 b8én prèsèntèd on a hlstorleal eost basis. The notes on pag0$ 19 to 27 form part of thesè finan¢ial st•l•mènts 16- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS A T 31 AIARCH 2023 2023 2022 Noteb Flx•d ass•ls Tangible as￿(5 72,429 68,595 Currènt assèts Debtors C8sh al bank and in hand io 537.504 334,655 820,494 73,183 872.159 893.677 Creditor8: amounts hlling duo within ono y•ar 11 1146,J881 1281,47Jl Net current assets 725,591 612.202 Total assets less current IlabllltleB 798,020 680,797 Crfydltors: amounts lalllng du& aftor moro than one year 12 124,8611 133,6801 Nèt assèts 773,159 647,11 T Fund¥ Re51ri¢led ￿n￿me funds Unresirictad income funds 14 15 125,930 647,229 143,S01 503.616 Total fund¥ 16 773.159 647.117 The financitl slaternenls wer8 approved by Ihe Truste66 and aulhorised for iSBue on 21 Novembei 2023 and signed on Ils behalf by.. en Carter Stephen Murrgy B•n Cartor Dlrector Stsphon Murray Dlrector Company Registration No. N1027448 Charity No. NIC 105711 The not•s on pagas 19 to 27 form part of thgsa fflnanclal statam8nls 17- THE BYfES PROJECT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 NoteB Cash flows from operatlng actlvltl•s Cash generalgd fromllabsorbed by) operation 24 310,454 1136,6141 Inve8tlng aetSvltles Purchase ol tangible fixed as891 140,1631 158.9081 N¢t cash u¥&d in inv•$ting a¢tiviti 140,1631 158,9081 Flnanclng actlvltlo• IRepayrn8ntsl l adVan￿S from bank loans 18,8191 17,9871 Net ¢aJh u88d in finan¢ing Ictiirytie 18,8191 17,9871 Not In¢roasolldg¢rgaso1 In ¢ash and ¢ash oqulval•nts 261,472 1203.5091 Cash ond ￿$h equivalgnlg gt beginnlng of yfjar 73.183 276,692 Ca$h and ¢g$h equlva19nl$ 01 ond ol y94r 334,855 73,183 The notes on pages 19 to 27 form part of these financial statement8 18- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Ac¢ountSng pollcle8 Ch8rity infowmation Th8 Bylos Projoct is a prlval8 company limlted by guarant88 incorporatèd Sn Northern Iraland. The r•gist@r•d offic8 and principal office is 300-302 Antrim Road, Newlownabbey, B T36 SEG, Northern Ireland. The nature ol the charlty's operations and wincipal activitie5 are given in Ihe directors, report on page 3 01 these financial stzlements. 1.1 Accounting conv•ntion The charity consiilules a publi¢ benefit èntity as defined by FRS 102. The financial s18lements havè been prepared in accordance with Accounting and Reporting by Charits'es.. Statement of R8commend8d Practice applicabla lo charitiè$ preparing their accounts in accordance with the Finanaal Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 Ise¢ond edition October 20191, the Financial Repr)rtino Standard opplicable In the United Kingdom and R8public ol Ireland IFRS 1021, the Charitl8s Act INorthern Ir8landl 2008. the Companies Act 2006 and UK Generally Aceepied Practice as it applies from 1 January 2019. The financial slalements are prepared in 618rfing, which 15 the functional currency ol the charity. Monetary amounts in firidfiLltil sldli>iri¥ril¥ rour)d¥d tu Ili# Iitldf&?*l £. The linon¢io1 Stolements ho'le been prepored under the historical ¢osl ¢onvents'on. The significant accounting pK)licies applied in the preparation Df these financia1 stalernents are set out below. These pollcle8 hove b8&n ¢on858tenlly applied lo 811 years pre8ented unlo88 Othgrwl$e atated. 1.2 Incorne and expenditure Income is recognised when the charity is legally enlilled to il after any perfo￿anCe -ondilions have been rnel, the amounts can b8 rn8a8ur8d 181Sably, and It is probable that Incom8 will b8 r8c8lv8d. ￿1 income aros8 wholly in tha Unitad Kingdom, All expenditure is a¢counled for on an 8ccruals basis and has been classified under headings that aggregate 011 wsts related lo the calagory. Th¥ majority of costs are ¢ireclly allributsbla lo tharilable aclivilies. Whar& costs cannol be directly aiiributed lo particular headings they have been allocated to charitable acliwties on a basis consistent with use ol the resour¢?s. Slgff ¢osts ond overhegd expenses are e110¢oled to aclivilios on the besis of stsN tr'me spent on those activ1￿'es. 1.3 Support costs Support costs are those function5 that assist the work of the charily but do not directly represent charilable aclwities, Support costs include back office costs, finan¢e, human resources. payroll and governance costs which support the harrty's aclivilies. These costs have been allocated against the 8xpenditure on charitable aclivits'e8. 1.4 Fund AccountSng Th8 charily has differ8nt Iyp85 of funds lor which il is responsible, and which require 58paral8 disclosure. Th858 are as Yollows.. lal Reslricled funds - Funding received whieh Can only be used lor a SPEalic purpose as deltsrmined by the funder. Such purposes are within the owerall aims ol Ihe or9anisalion and are sel out in the notes to the linancial statements. Ibl Unreslrlcled fiJnds- Funds whl¢h arg expendablfj al the dtscrellon of Ihe dlre¢tors In the futherance of th objectives of the tharity. In addth'on Ihe funds tnay be held in order lo ffinance capital investrnenl and work ng capital. 19- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounting policies Icontinutdl 1.5 Tangible fixéd assets Tangihle fixed assets are staled al cosl less depreciation. Depreciation is provided at rotes calculated lo write off the ¢ost1oss estimalgd residual value ol trach 8ssg1 ov¥r ils eXp￿ted useful life, 8s follows., FYxlur8s and fittings Computer equipment 25°k straight line 33Dkn straight line 1.6 Flnanclal Instrumènts Th8 charlly has elected lo apply th• prov151on5 01 S8Ction 11 'Basic Flnanclal In5trum8nts' and S8clion 12'0th8r Financlal Instrurn8nts Issu8s' of FRS 102 lo all ol tts Ilnancial Insirumants. Financlal instruments ar8 recognls8d Sn th8 charily's balanc8 sh88t when tho charity b8com88 party to th8 contractual provlsion8 of the Inslrumenl. Flnanclal 858et5 and liabilltl&s ar8 offs81. wlth th8 n8t amounts pr8s8nl8d in th8 financlal stat8rn8nls. when Ih8r8 IS legally •nfofc•ablé right to sel off th8 r8cognis•d amounts and thoro Is an Intenllon lo settle on a nel basls or lo reallse the asset and seiiie the liablily sirnullaneously, Ba$1¢ finan¢lal a$$gts Basic financial asse15, which include debtors and caBh and bank balances. are initially measured al Iran8aclion pric8 induding transaction costs and are 5ub5equenlly carried at amorlised cost using the eNective interest rnelhod unless th8 ariangtrmanl conslitules 8 lin8n¢in9 Iransaclion, where the Iransaclion 18 measured 81 tha pr&sanl value ol th8 future receipts di5counled al a rnarket rate of inter851. Financkil assets classified as receivable wrthin one year are not amortised. Bask flnancl41 Ilabllltl•$ Basic fin8nci81 li8bilitiès, including creditors and bank loans are init1811y r8cogni9èd 81 transaction pri￿ unl838 thè a￿angernent conslilute5 8 fin8ncing Ir8nsaction, ￿here the debl instrument Is measured at the present value of the future payments discount8d al a Mark￿ ral• ol intorost. Financlal liabilili88 classifi8d 85 payable within on8 y8ar ar not amortis8d. Debt inslrum8nls art subsequèntly tarrièd at arnorti$8d cost. using thè £ffaetivè int8rè$l rat8 mèthod. Oper8ling crèditors are oblig8tions lo pay lor goods or services that h8ve been 8¢quired in the orclin8ry course of optsrations from suppliers. Amounts payablo aro c￿SSIfIed as currttnt liabililitrs il payment is dua wrthin ono year or ltsss. 11 not, they are presented as non-current liabilities. Operating creditors are recognis&d initially at transaction prlc and subsequently me8sured al amortised Cost using the effective inleresl rnethod. Derecognlllon of financlalllabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.7 Taxatlon The CDmp3ny 15 a registered charity and is not liable to lax on funds generated frotn activities wrfhin Ihe scope of the charitable exemption5. 1.8 Pensions The comp8Thy oper8tes a defined contribution pension 8cherne. Pension contributions in re8pect of the Scheme lor employees a￿ charged to the profil and loss account as they become payable in accordance with the rules of the s¢h&me. The assets are h&l.J sep8ral&ly from those of the comp8ny in indèpendently administered fund. Differences between the amounts charged in the income and expenditure account end payments made lo pension funds are treated as assets Dr liabilities. -20- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounting policies Icontinutdl 1.9 Rentels p8y8ble under oper8ting le88es, in¢luding any le8se incentive8 received, are eh8rged 8s an expense on straight line basis over the terrn ol the ielevant lease. Statomgnt ol Flnan¢l81 ActlvStlg$:Unr•$trlctsd fvnds 2023 2022 Income from,. Charitable aclivilies 79,188 39,734 Total Incomè 79.188 39.734 Expenditure on: Charil8bl8 acliviti•s 63.464 121,421 Total •xp&ndltur8 63,464 121,421 Not In¢omlng 15,724 181,6871 Tran8fer8 bets￿0n funds 127,889 200,052 Not movement In lund8 143,613 118,365 Totsl frjnds brouqhl forward 503.616 385.251 Total funds Carried forward 647,229 503.616 21 THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Statement ol Flnanclal ActlvStles- Restrlcted Funds 2023 2022 Income from.. Charitable activilies 1.054,097 1.352.983 Total incorne 1,054,097 1,352.983 Exp•ndltur• on: Charitable aclivities 943.779 1,133.073 Total •xpèndltur• 943,779 1.133,073 N•t Incomlng 110,318 219,910 Transf•rs b•tw••n funds 1127.8891 1200.0521 Net movement In funds 117,5711 19.858 Totsl funds brought lorward 143.501 123.643 Total funds carried forward 125.930 143.5)1 4 Charltable activities Unr••trlet•d fund R•strlet•d fund Total 2023 Total 2022 Big Lottèry Fund Educats'on Authority SÉUPg- PÉACE ANBC- Lrfe Skills pcsp T.'BUC I CGRF ESF . Launch Pad Vvic¥tt 4 Iiiipabl YP- Tech Projects Misce112neous Restrioted Covid Recovery Fund Fees for s&rvi¢es d&liv&red Comrnunily funding support JRS Grant Santander Grant 4,714 157.981 2.702 80.291 51,760 254,201 275.307 22,524 149,136 47,613 4,714 157,981 2,702 80,291 51,760 254,201 275,307 22,524 149,136 47,613 47,414 206,973 676,323 78.400 190,469 30,000 84,075 30.273 10,056 36.216 77.318 77,318 2,518 1,870 7,778 9,648 79,188 1,054,097 1,133.285 1,392,717 -22- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Expendlture on charltable actlvltles LlnreBtricted Fund Regtrieted lund 2023 2022 Aclivily ¢05ts Support costs 28,407 35.057 755,174 188,605 783,581 223,662 972,731 281,763 83,4fj4 943.779 1.007,243 1,254,494 N•t Incom•ll•xp•ndltur•l 2023 2022 Nel rvovemenl In lunds 1$ slated aftgr ¢haiying Depreciation af tangible fixed assets Auditorfs remuneratlon 36.329 5,724 23.725 5.992 Employ84s Numb¢r of employ0•8 Thè averag8 monthly number ol employ885 durlng the yoar was.. 2023 Numb•r 2022 Numbor 38 49 Thè numbef of •rnployèès whosè *nnLwI r8rnun8rth.on was £60,000 or rnore worè,. 2023 Number 2022 Number £60,000- £70,000 DIr￿tors. r•mun•ratlon No dlre¢lor rè¢eiied any remuneratlon or wèrè ￿1mb￿r$¢d expenditu￿ from the charity dunno Ihè ¢urrent or pr8VIOUS year. -23- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Tanglble flxed assets Flxlures and flttinga Cpmput¢r ewipment Totol Cost At 1 April 2022 Additlons Disposals 108,062 35,328 139.5681 672,646 4,835 1393.2091 780,708 40,163 1432.7771 At 31 March 2023 103,822 284,272 388,1 Depreciation At 1 April 2022 Dèpreclalion chargad in th8 yaar Elirninaled in respect ol disFosals 99,085 13,329 139,5681 613.028 23,000 1393,2091 712.113 36,329 1432,7771 Al 31 March 2023 72,846 242,819 315,665 N•t bwk valuo Al 31 March 2023 30,97e 41,453 72.429 Al 31 M¥r¢h 2022 8,9T7 9,618 68,595 10 Debtor8 2023 2022 Amounts falllng due wlthln one year.. Actlvlty d8btors Prepayments and accrued income 256,393 281.111 358.724 461.770 537.504 820,494 11 Cr•dllors'. amounts falllng duo wlthln on• y•ar 2023 2022 Noles Bank loans other taxation and goclal g*curity Aclivily creditors Other creditors Accruals and deferr6d incorne 13 8.33ts 8,622 43.943 630 85,040 8,333 38,311 46,478 7.675 180.678 146.568 281,475 -24- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 12 Credllors.. amounts falllng due after more than one year 2023 2022 No¢eg Bank loans 13 24.861 33.680 13 Loan$ and overdrafts 2023 2022 Bank loans 33,194 42,013 Pay8bl8 wilhin one year Payable after one year 8.333 24,861 8.333 33.680 14 Restrlcted Sncone lund4 Balanco at 1 Incomlng April 2022re8our¢08 Resources exptnd•d Transfers 8alanc• at 31 March 2023 Big Lottary- Exodus Big Lott8ry Detached Educalitsn Authority ANBC - Life Skills SEUPB- PEACE Street 1 ESF - Launch Pad PCSP Projects T,BUC I CGRF Voic¥5 4 Impact YP - Tech Projects Santander Other Small Funds 3,035 13,0351 14,6271 4,714 87 $55 39,W 555 59,389 157,981 80,201 2,792 1177,3861 164,0071 115,6561 116,2841 12,191 673 5,029 264 8,154 2,111 13,107 14,441 5.029 275,307 51,760 254,200 22,524 149,138 7,778 47,614 1224,6311 139,2751 1255,8521 124,9621 186,8471 15, 1261 141,7601 150,9401 20,￿9 1.059 10.669 5.329 2,652 39.363 171.4011 34,964 11.4551 143,501 1.054,J97 1943,7791 1127,8891 125,930 15 Unrestricted income fund Balance at 1 Incomlng April 2022resourees Rgsourcos oxpendod Transfors B¥lanc• at 31 March 2023 Unresliicied incotne funds 503,616 79,188 163,4641 127.889 647,Zd9 -25- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Analysls of net assets between fund Tangible Flxed Assets Net Currgnt Agsets Total 2023 Restricted Incorrp Funds Unrestricted Income FLJnd$ 45.243 27,186 80.687 125.930 620,043 647,229 72,429 700,730 17 Op•ratlng l•as• comrnltrn•nts Al the reporting end dale the charity h￿A outstanding commitments for lulure minimum lease payments under non-cancellablo operatlng leasos, whlch f811 due a5 follows.. 2023 2022 Belween two 8nd five years 16.496 15,531 18 Capitsl ¢ommilfflgnts The company no financial commitments as at 31 March 2023 and at 31 March 2022. 19 Non4udll s8Th1¢£ provl$lon In comrnon whh many other ¢h8rlli¢s ol our slz9 ond naturg wg uso our audltors to os$1sl wlth Ihg preparation ol tho financial stalem?nls. 20 R•lat•d party trinjactlons There were no di5cIosable related party Iranyaction5 during the year12022- none). 21 Cornpany 5talu$ Th& Company 58 as company limllgd by guarantee and does not have sharg capltal. 22 Control Thts dirtsclors control th8 cumpany. The directors ar8 appointed by and are accountable to the mtrmbtrrs. 23 Flnanclal commltmonts Thp r.rJmpHny hF)4 nn finanrlAI fftmmitrnpniq A* At 31 Marr.h 2023 Elnd Al 11 Marr.h 2n22. -26- THE BYfES PROJECT (CHARITABLE COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Cash genorated from operatlons 2023 2022 Nel fflovemenl in funds 126,042 138.Z23 Adjustments for.. Depreciation and impairment of tangit)le fixed assets 36,329 23,725 Movements in w¢rklng c8pllal.. DecreaseJlincr8asel in debtors IDecr8asellincrease in creditors 282,990 1134,9071 1493,0301 194.468 Cash generated fromllab5Drbed by) operations 310,454 1136,6141 25 Analysls of changgs In n&t funds At 1 Aprll 2022 Cmh flow$ At31 Inarch 2023 Cash at bank and in hand 73,183 261.472 334,655 Loans falling due within one year Loans falllng du• aft8r mor8 than onè yèar 18,3331 133.6801 18,3331 124.8611 8.819 31,1TO 270,291 301.461 -27- This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of the Companies Act 2006.