Jjones Peters Charity Number: NIC 105883 Company Number: Nl 641494 YEIVHILL YOUTH AIID COll)lii%lT)' .4SSOCIATIOIN A CO,%IPAliI' LlI%llTED BI. GLi.4RANTEE TRL.STEES' REPORT IIYCLLDIING DIRECTORS. REPORT AIND FINI AIYCIAL STATEINIEINITS I'EAR EINDED 3111.4RCH 2021 ones Peiers NEWHILL YOUTH AND COMMUNITY ASSOCIATION TABLE OF CONTENTS Page Company Infonnation Trustees, Annual Report (including (he Direciors, report) Independent Auditor's Report to the members 10-13 Statement of Financial Activities (including income and expenditure account) 14 Statement of Financial Position 15 Noies to the Financial Statements 16-22 ones Pecers NEWHILL YOUTH AND COMI MUNITY ASSOCIATION COMPANY INFORMATION Company registration number N.1. 641494 Charity registration uumber NIC 105883 Directors and trustees John McGeoiim (Appointed 4 June 2020) Denise Rooney (Appoinied 4 June 2020) Cathy Fitzsimons (Appointed 4 June 2020) Stephanie Reid (Appointed l June 20191Resigned 4 June 2020) Sean Mcchesney (Appointed 7 June 20191Resigned 4 June 2020) Rachelle Mccurry {Appoinled 9 July 20191Resigned 4 June 2020) Christina Cahill (Appoinied 21 October 20191Resigned 4 June 2020) Richard May (Appointed 21 Ociober 20191Resioned 4 June 2020) Marie Mcllm'ee (Appoinied 21 October 20191Re5igned 4 June 2020) Secretary Donal McKinney (Appointed 4 June 2020) Stephanie Reid (Appointed 9 July 20191Resigned 4 June 2020) Registered office 261 Old Whiterock Road Belfast BT12 7FX Auditors Jones Peters Registered Auditors Chartered Accounlants 6 Church Street Banbridge BT32 4AA Bankers AIB 26 University Road Bellast BT7 INH Solicitors Edivards and Co. Solicitors 28 Hill Street Belfast BTI 2LA Jjones Pecers NEWHILL YOUTH AND COMIMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT INCLUDING THE DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Report of the Trustees for the year eoding 31 M2r¢h 2021 The trustees are pleased io present their annual trustees, report iogether ivith the financial statemenls of the charitable company for the year ending 31 March 2021 ivhich are also prepared to meei the requirements for a directors, report and accounts for Companies Acl purposes. The financial statements comply with current slatutorj requirements including the Charities Act (Northern Ireland) 2008 amended by the Charities Act (Northem Ireland) 2013. Companies Aet 2006, the Charity's Memorandum and Articles of Association, Accounling and Reporting by Charities: Statemeni of Recommended Practice applicable to ¢harilies preparing Iheir accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Principal Activity Neii,hill Youth and Community Association promotes the benefit of the inhabitants of the New Barnsley and Derniolt Hill area of Belfast knoivn as Newhill and ils environs (hereinafter described as 'ihe area of benefit") wiihoui distinction of age, sex, race, political, religious or other opinion, by associaiing with the 51atutory authoritie5, volunlarv organizations and inhabitants in a common effort io advance education. and to provide faciliiies in the interests ol soeial ivelfare for recreation or oiher leisure-time occupaiion, with the objective of improving ihe conditions of life for the said inhabitanis. Newhill Youth and Community Association provides high quality services io children. young people and their families, in an area of high deprivaiion, meeEing identified community needs. Based upon community development principles the charity uses a varieiy of Strategies io involve local people in project planning and delivery, enablints them lo tackle the issues that affect their lives. Our projects ￿'ork through ihe area's integrated partnership's ihemes ii.'hich are.. children young people and families; employability: health and community services. Thi5 partnership ensures greater focus and synergy in the relief of poverty. The poor experience multiple disadvantages through unemployment. low income, poor healthcare, barriers to lifelong learning, barriers to takine part in culture, sport and recreation. We aim to thckle these barriers and block5 to social inclusion. We have ihree educational priorilies. achievement through leaming for adults. for young people, and through building Community capacity. Our infomial education programme supports the community lo increase their skills and confidence. Our afterschool service, summer schemes and youth club promote the education, health, development and ivellbeing of children and young people within the local area, providing access 10 arts, crafts: drama, sports and physical recreation. cookery, outing5 elc. Our afterschool's provision and school collection service enable local parents, including lone pa￿nts, lo gain and hold doivn employment, or progress their education and training. Statement of Public Benefit Our communily developmeni activities achieve change iviihin the community in relation to problems that members of the community themselves identify. It is a colleciive process, not a one-off. Our community development ivork enables, facilitaies and builds capacity ivithin the Community and creales greater Communiiy cohesion, intervention, co-produced with, not for, the community. Our programmes successfully attrdct local target communities by combining health. educational, and social benefits in the activities ihey provide: increased access to educaiion and trdining, greater community capacity, improvemenls in health equality and child development. improved prosperity and increased social mobility. Engaging in education increases 5elf' Ivill continue in business. The trustees are responsible for keeping adcquale accounting record5 that are sutTicienl to show and explain ihe charii) S transactions and disclose ivith reasonable accuracv at any time the financial position of the charil}' and enable them lo ensure thai the financial siatemenis comply iviih the Companies Act 2006. They are also responsible for Safeguarding Ihe asseis or the charil), and hence for takins reasonable steps for the prevention and detection of fraud and other irregularities. Auditor Ehch of the persons ivho is a trustee ai the dale of approval of Ihis report confims that: so far as they are aware, there is no relevant audit infomiation of which the charity's auditor is unaivare; and they have taken all steps thai they ought lo have taken as a Irusiee 10 make themselves a￿,are of any relevant audil infom)aiion and to establish thal ihe charity's audi(or is aivare of ihai infomialion. The auditor is deemed to have been reappointed in accordance iviih Section 487 of Ihe Companies Act 2006. Small company proi'ision This report has been prepared in accordance with ihe provisions applicable to companies entitled to the small companies. exemplion. This report ivas approved by the board on 19 January 2022 and signed on its behalf by: . McGeoivn Trustec Jjones Peters NEWHILL YOUTH AND COMI￿lUNITy ASSOCIATION INDEPENDEh'T AUDITOR'S REPORT TO THE LIIEMBERS OF NEWHILL YOUTH AND CO￿TilluNITy ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2021 Opinion We have audited the financial stalemenis of Neii.'hill Youth and Community Association (the 'chariiy') for the year ended 31 March 2021 ivhich comprise the siaiement of financial activities (including income and expenditure account), statement of financial posiiion, statement of cash floi¥s and ihe relaled noies: including a summary of significant accounting policies. The financial reporting framei%'ork thai has been applied in their preparation is applicable laiy and the United Kingdom Accounting Standards including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Unl￿d Ktngdom Generally Accepted Accounting Pracli¢e). In our opinion the financial statements- give a true and fair view of the stale of the charity's affairs Is at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended. have been properly prepared in accordance ivith United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordance with the requirements of ihe Companies Act 2006. Basis for opinion We Conducted our audit in accordance with Iniemaiional Standards on Auditing (UK) (ISA5 (UK)) and applicable law. Our responsibilities under those standards a￿ further described in ihe auditor's responsibiliiies for the audit of the financial statemenis section of our ￿pOrt. We are independent of the charitable company in accordance with the ethieal requirements that are relevani io our audit of ihe financial stalemenis in the UK, including the FRC'S Ethical Standard, and i%'e have fulfilled our other ethical responsibilities in accordance ivith Ihese r¢quiremenls. We believe that the audii evidence we have obiained is sufficient and appropriate lo provide a basis for our opinion. Conclusions re12ting to going concern In auditing the financial Slatements, H'e have concluded that ihe trustees. use of the going concern basis of accounting in the preparation of the financffial siatements is appropriate. Based on the work ive hav¢ perfomled. Ive have not ideniified any malerial uncertainties relating to events or conditions that, individually or colle¢tiv¢ly. mav cast significant doubt on ihe charity's abiliiy 10 continue as a going concem for a period of ai least ttvelve monihs from ii'hen the financial statements are authorised for issue. Our responsibilities and the responsibilitie5 of the irusiees with respect to going concern are described in the relevani sections of this report. 10 Jjones Peters NEIVHILL YOUTH AND COMMI UNITY ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NEWHILL YOUTH AND COIN11￿luNlTy ASSOCIATION FOR THE YEAR ENDED 31 MARCH 2021 Other information The other infonnaiion comprises the infom)aiion included in the annual report: other than the financial statements and our auditor's report thereon. The Iruslees are responsible for Ihe other inforniation. Our opinion on the financial Statements does noi eover the other infomlaiion and. e.¥cepi to the exient otherwise explicitly slated in our ￿port, Ive do not express any forni of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the oiher infomiation is materiall), inconsistent ii'ith ihe financial staiements or our knowledge obtained in the audii or othenvise appears to be materially missiated. If we identify such material in¢on5islencies or appareni material misstatemenls, li'e are required 10 detem]ine whether there is a material misstaiemenl in the financial slatemenls or a malerial misstalement of the OEher information. If. based on the work we have performed, we conclude that there is a material missiatement of Ihis other infomaiion, li'e are required to report that faci. We have nothing lo report in this regard. Opinions on other matters prescribed by th¢ Companies A¢t 2006 In our opinion: based on the ivork undertaken in the course of the audit: the information oiven in the trustees, report for the financial year for which the financial slaiements are prepared is consistent ivith the financial staiements. and the Iruslees, report has been prepared in accordance with applicable legal requirements. MAtters on which we are required to report by exception In the light of the knoivledge and understanding of the company and its environmeni obtained in the course of the audit, we hav¢ nol identified material missialements in the Irusiees, report. We have nothing lo report in ￿SPect of the folloiving matters in relation to which the Companies Aci 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audii have not been received from branehes not visiled b>. us. or the financial statements are not in agreemeni wilh the accounting records and returns- or certain disclosures of irustees. remuneration specified by law are not made" or we have not received all the infonnation and explanations we require for our audit. or the iruslees were not entitled io prepare the financial statements in accordance ivith the small companie5, regime and take advantsge of the small cotnpanies ¢x¢mpiion in preparino the irusiees. report and from the requirement to prepare a strdtegic report. Jjones Peters NEWHILL YOUTH AND COMMUNITY ASSOCIATION INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NEWHILL YOUTH AND COMIMUNITY ASSOCIATION FOR THE YEAR ELNDED 31 MARCH 2021 Responsibilities of trustees As explained more fully in the irustees. responsibiliiies slatement, the trustees, (who are also the directors for the purposes of company laiv). are responsible for ihe preparation of the financial statements and for being satisfied that they give a true and fair vieiv. and for such internal conirol as the trustees detem]ine is necessar). (o enable the preparaiion of financial statements ihal are free from material misstatement, Ivheiher due to fraud or error. In preparing the financial siaiements, the trustees a￿ responsible for assessing the charitable company's ability to continue as a going concern, dis¢10sing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trusiees either intend to liquidate ihe charitable company or lo cease operations, or have no realistic altemative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about ivhether the financial siatemenls as a whole are free from material misstatemeni. Ivhether due to fraud or errol. and io issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guaranltt that an audit conducted in accordance with ISAS (UK) Ivill alivays delect a maierial misstatement when it exisis. Mi55tatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users thken on the basis of these financial statement5. Extent lo which the audit was capable ofdeteeting irregularities, including fraud Irregulariiies, including fraud, are insiances of non-compliance ii'ith laivs and regulaiions. We design procedure5 in line with our responsibilities, outlined above, to detect material misststements in respect of irregularities, including fraud. We gained an understanding of the legal and regulaiory framework applicable io the charity and the industry in which il operates. and considered the risk of acts by the charity that were conirary to applicable laws and regulations, including fraud. We considered the significani la1￿$ and regulations to be the Companies Act 2006, Irktemational Financial Reporting s￿ndards and UK letsislation. In identifying and assessing risks of material misstsiement in respect of irregularities: including fraud and compliance ivith laws and regulations, we considered Ihe following: the nature of ihe industry, conlrol environrnent and business perforniance. the charity's own as5essmeni of the risks that irreuularities may occur either as a result of fraud or error. the results of our enquiries of management and other key persons about their own identification and asse55menl of the risks of irregularities- any matters we identified having obtained and reviewed the company's documentaiion of their w)licies and procedures. and the matters discussed among the audit engagement team regarding hoiv and where fraud mighi occur in Ihe financial statements and any potential indicators of frdud. non- 12 Jones Peters NEWHILL YOUTH AND COIMMUNITY ASSOCIATION [￿'DEPENDENT AUDITOR'S REPORT TO THE MI EMBERS OF NEWHILL YOUTH AND cOm￿luN1Ty ASSOCIATION FOR THE YEAR EI%DED 31 MARCH 2021 Our tests included. but were not limited to: agreement of the financial statements disclosures to underlying supporting documentation. in response to the risk of management override of controls, idenlifying and iesting the appropriateness of journal entries and other adjusiments, in particular any unusual account combinations and jouma15 Posted by unexpected users: challenging ￿SUMptiOnS and judgements made by management for any potential bias; and enquiries ivith the company's solicitors and management regarding any actual or Potential litigaiion and claims. We also communicated relevant identified laivs and regulations and potential frnud risks to all audit team members and remained alert lo any indications of fraud or non-compliance ivith laivs and regulations throughout the audit. Because of the inhereni limiiations of an audit, there is a risk ihat ive will noi detect all irregularities, including Ihose leading to a maierial misstatement in ihe financial statements or non-compliance iviih regulation. This risk increases the more that complianee ivith a laiv or regulation is removed from ihe events and transaclions reflecl¢d in the financial statements, as li'e will be less likely to become al￿are of instances of noft-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than e￿or, as fraud involves intentional concealment. forgery, collusion, omission or misrepresentation. A further description of our Rsponsibiliiies for the audit of ihe finaticial statements is Iwated on the Financial Reporting Council's website at ww%v.frc.or .uklaudiiorsres audiior's report. onsibilities. Thts description fom)s part of our Use of our report This report is made solelj, to the charity's members. as a body. in accordance wilh ChapEer 3 of Part 16 of ihe Companies Aci 2006. Our audil work has been undertaken so that we might state lo the charity's members ihose matters we are required to sate to them in an auditor's report and for no other purpose. To the fullest extent permiiied by law.. lye do not accept or assume responsibilit)- to anvone oiher than the charity and the charity's members as a body, for our audil Ii'ork. for this report, or for ihe op ion5 Ive have formed. Hughes House 617 Church Street Banbridge BT32 4AA 19 January 2022 Paul Cummings ( lor Statutory Auditor) For and on behalf of Jones Peters Chartered Accountants and Statutory Auditors 13 Jones Peiers NEWHILL YOUTH AND COMMUNITY ASSOCIATION STATEMENT OF FINALYCIAL ACTIVITIES INCLUDINI G INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EINDED 31 MARCH 2021 Unrestricted Funds Restrieted FuDds 31 Mareh 2021 31 March 2020 Nott Income Incomefrom charilable aclivilies.- Grants and ¢ontracts 18.iO3 82,216 100.719 181.808 Chariiable Activities 3b 7.933 Total income 26.436 82.216 108652 274 043 Expenditure Expendiiure on chariiable activiiies 86.099 213.610 Tot21 expenditure 4.)80 213610 Net incomel(expenditure) and net movement in funds for the >'egr 21.856 697 22,553 60.433 Property revaluation 847 294 Net movemeni in funds (825.438) 697 (824.741) 60,433 Re¢onciliation of funds Total fullds brougbt forward Total funds carried foTW*Td 3.45.70A Tlie statement of financial actlvilies includes all gains and losses recognised in the year. All income and expenditure derives from continuing activllies. The note5 on pages 16 to 22 forni an integral part of these finan¢i41 statements 14 Jjones Pecers NEWHILL YOUTH AN'D COMMUNITY ASSOCIATION STATEMEINT OF FifiAIN'CIAL POSITION AS AT 31 MÉ ARCH 2021 Note 3110312021 3110312020 Fixed assets Tangible as5els 338,352 1,170,893 Current assets Debtor5 Cash at bank and in hand 1,425 14.352 Creditors: Amounts falling due within one year io 2.000 Net cu rrent assets 'et assetsl(liabilitie5) The funds of the charity: Un restrieted funds 12 345.704 1,171 142 Restrieted funds 12 6.425 Total charity funds The financial slaiements ii.'ere approved and authori5ed for issue by the board of iru5tees on 19 January 2022 and signed on its behalf by:" D. Rooney- Trustee . McGeown - Trustee Registration Number: N1641494 The notes on pages 16 to 22 form an integral part ofthese finAneial stAtements 15 Jjones Peters NEWHILL YOUTH AND COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES The principal accounting policies are sumrnarised beloii,. The accounting policies have been applied consisiently throughout the year and ihe preceding )'ear. B35is of preparatio The financial 5talemenES have been prepared in accordance with Accounting and Reporting by Chariiies: Statemeni of Recommended Praciice applicable io charities preparing iheir accounts in accordance ivith the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (Charities SORP (FRS 102)), the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Assets and liabilities are initially recognised al historical Cost or transaction value unles5 other¥vise stated in relevant accounting policy notes. Reconeiligtion with previous Generally Aeeepted Accounting Practice In preparing the accounts. the trusiees have applied ihe accounting policies required by FRS 102 and rhe Chariiies SORP FRS 102 and as a result the comparative figures have been restaied to comply with FRS 102. Going concern The extent of the impact of the Covid-19 pandemic on ihe charity remains uncertain. Whilst there has been a Ivorldwide sloiv do1￿￿ in economic activity and the loss of jobs across many businesses ihe charitv has conlinued io run its programmes and provide ils services. The Trustees have considered the poieniial financial effects from the changing economic envimnment for the upcoming 12 months, including the potential impact on ongoing funding and are taking miligaling actions. They have considered financial projections for the period ended 31 December 20?2 and have a reasonable expectaiion thal the charity has adequate resources to ensure that the charily will coniinue to operate. The trustees believe Ihat there are no material uncerlainties about the ability of the charity to continue in operational existence and ihe financial ststements have been prepared on a going concern basis. Public benefit entity Neivhill Youth and Community Association meets ihe definilion of a public benefit eniity under FRS 102. 16 Jones Peiers NEWHILL YOUTH AND COMMUNtTY ASSOCIATION NOTES TO THE FINANCIAL STATEMEINTS FOR THE YEAR ENDED 31 hlARCH 2021 Incoming resources Income is recognised when the charity has entitlernenl to the funds, any performance conditions attached lo the item(s) of income have been met, it is probable ihat the income will be received and the amouni can be measured reliably. Income from governmeni and other grants, whether 'capital' grants or 'revenue' grants, is recognised w.'hen ihe charil). has entitlemeni io ihe funds, anv perlorniance conditions attached to the granls have been mei, it is probable thai ihe income will be received and the amount Can be measured reliably and is noi deferred. Donated services or faciliiies are recognised as income ivhen the eharity has control over the item, any conditions associated ivith the donated item have been met. the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. A corresponding amount is then recognised in expenditure in the period of receipt. Resomrces expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT ivhich cannot be fullv recovered, and is reported as part of the expenditure to iyhich li relates. Charitable expendiiure comprises those costs incurred by the charity in the delivery of ils activities and services for its beneficiaries. It includes l)oth costs thai ean be allocated directly to such activities and those costs oran indirect nature necessary to support them. Fund accounting Unrestricied funds- the unrestricted fund is under the control of the Trustees, to be used in the furtherance of the general objectives of the companv. Reslricled funds - the restricted funds represent income/grants received where the donor has imposed reslriclions on the use of ihe funds ￿,hICh are legally binding on the Trustees. The cost of raising and administering such funds are charged against the specific fund. Tangible fixed assets Tangible fixed assets are stated al cosi less accumulaied depreciation and accumulaied impaimient. Cost includes cosi directly attribuiable to making asset capable of operdling as intended. Depreciation Tangible fixed assets are stated at cosi less aCcumula￿d depreciation. Depreciation is provided al rates calculated to write off the co* less residual value of each asset on a straight line basis over its expected useful life as folloivs= Fixtures, fittings and equipment 200/0 Straight line per annum 17 ones PeEers NEWHILL YOUTH AND COMMUNITY ASSOCIATION NOTES TO THE FIN'ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 1.10 Financial instruments The charity only has financial assets and financial liabilities of a kind thai qualify as basic financial instruments. Basic financial instruments are initially recognised ai transaction value and subsequentl), measured at their selllemeni value ii'iih the exception of bank loan5 ivhich are subsequently measured at amortised cosi using ihe effective interest method. l. I l Defined contribution pensioD schemes The pension costs charged in the financial ststements represent the contribution payable by the company during the year. LEGAL STATUS OF THE TRUST Neivhill Youth and Community Association is a company limiled bv guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amouni as may be required not exceeding £ l io the assets of the charitable companv in ihe eveni of its being wound up ivhile he or she is a member, or w'ithin one }'ear after he or she ceases to be a member. Wiih effecl from 4 June 2021 Upper Springfield Development Trust Ltd became the sole member of the company. INCOME Unrestricted Restricted Funds Funds 3110312021 Total Funds 3110312020 Total Funds 3a.lttcome from grants and contracts Department for Communities Belfast Health & Social Care Trust Belfast City Council Children in Need Education Authority Education Auihorily - Refurbishrnent The Henry Smith Charity Asda Equipment Funding Department for Economy Halif&x 20,300 7.6iO 16,7iO 20,300 7,6iO 16,750 7.650 13,494 1,920 39,810 60,988 2.470 18,695 1.836 16,667 34,489 36,325 16,667 377 377 2.650 Income from charitable activities ivas £100:719 (2020: £181,808) of which £82,216 was resiricied (2020.. £102,125) and £18,503 was unrestricted (2020- £79.683). 18 Jones Peters NENVHILL YOUTH COt*gfviuNITY ASSOCIATION NOTES TO THE FINA)I 'CIAL STATEMEINTS FOR THE YEAR EIIDED 31 I¥IARCH 2021 Unrestricted Restricted 3110312021 3110312020 Funds Funds Total Funds Tolal Funds 3b. Income from charitable activitie5 Charitable activities 7.933 7.933 92.235 Income from charitable activities all of which IV￿ unrestricted in both years was £7,933 (2020: £92,235). EXPENDITURE Unrestricted Restricted 3110312021 3110312020 Funds Funds Total Funds Total Funds Charitable activities Staff costs Redundancv costs Premises cosis Depreciation Other operating costs Programme delivery Governance costs (see not¢ 5) 33,706 5.880 18,400 3,748 343 15.230 33,706 5.880 18,400 3,748 343 19.810 107,624 26,216 3,168 509 74.093 4,580 E.xpendilure on chariiable activiiies ivas £86,099 (2020.. £213,610) of which £81,519 (2020- £96,397) was restricted and £4,580 (2020: £117.213) Ivas unrestricted. ANALYSIS OF GOVERNANCE COSTS Unrestricted Restricted 3110312021 3110312020 Fund5 Fund5 Total Funds Tolal Funds Accountancy/AudiVConsuliancy 4.212 4.212 NET INCOIWllNG RESOURCES FOR THE YEAR 31103n021 3110312020 This is stated after charging: Depreciaiion 19 Jones Pecers NEWHILL YOUTH A,ND Co1￿mUNITy ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 INIARCH 2021 ANALYSIS OF STAFF COSTS AND TRUSTEE REMUNERATION 3110312021 3110312020 Salaries and ii'ages Social securily costs 30.392 3.314 94,798 12.826 No employee had employee benefjts in excess of £30,000 (2020: £30.000). The charity trusiees were not paid or ￿¢¢iVed any oiher benefits from emplo}'ment with the charity in eiiher year. No charity tiuslee received pavment for professional or oiher services supplied io the charity {2020- Nil). STAFF NUMBERS The average number of full-lime equivalent employees during the year were as folloivs:. 3110312021 3110312020 Number of staff TANGIBLE FIXED ASSETS Fixtures rittings and equipment Leasehold Property Total Ai l April 2020 Additions Revaluation Ai il March 2021 18.432 1,836 1,155.629 1.174,061 18,501 847.294 345 268 847.294 32i.000 Depreciation At l April 2020 Charged during the year At 31 March 2021 3.168 3.748 3,168 3.748 6.916 Net book Tralue At 31 March 2021 Ai 31 March 2020 The bases by which depreciaiion is calculaied are stated in noie 1.9. The long leasehold property is slated ai fair value in accordance with Royal Institution of Chartered Surveyors (RICS) 'Red Book Global Standards , at 31 March 2021 by Osborne King, comme￿ial Property Consultanls. 20 ones Pecers NEWHILL YOUTH ￿}D CO￿￿1U￿1Ty ASSOCIATION NOTES TO THE FILYANCIAL STATEMENTS FOR THE YEAR Ef4DED 31 MARCH 2021 10. CREDITORS: Amounts f211ing due within one year 3110312021 3110312020 Accruals 2.000 2.000 FINANCIAL INSTRUI¥IENTS All financial inslrumenis have been recorded at iheir transaction price. No other financial instruments exisi other than those included in debiors and creditors. 12. ANAL YSIS OF CHARITABLE FUNDS Analysis of movements in restricted and unrestricted funds. BAlan¢e It l April 2020 IDcoming Resovrte5 Outgoing Resource5 Property RevAIu¥tio Balanee at 31 Mxrth 2021 Total Lnr¢5trieied F￿ndS Total Resiricied Funds Total Funds 1.171.14? ?6.436 4.580 81.519 1847,?941 345,704 £L847 ?9 £35? 129 Analysis of movements in restrieted and unrestrieted funds- previous year. Incomlng Resourets Outgoing Resources Propew. Revaluation Balance at 31 Ma￿h 2020 l April 2019 Total Unrestricied Funds Total Restricied Funds Total Funds 1.116.437 171.918 117213 96.i97 £1 176 87 21 Jjones Peters NEWHILL YOUTH AND COIMfvIUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 INIARCH 2021 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Analysis of net assets Unrestricted Funds Restricted Funds 31 March 2021 Total Fixed assels Net asselsl(liabililies) 338.352 7.352 338,352 6.425 425 52 Analysis of net assets- previous year Unrestricted Funds Restricted Funds 31 March 2020 Total Fixed assels Net assetsl(liabilities) .170.893 249 1.170,893 i.728 £1 14. CORPORATION TAXATIOLY The charity is e.xempt from tax on income and gains falling ivithin section 505 of the T&ies Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that ihese are applied to its charitable objects. CONTINGENT LIABILITY A Contingent liability exists to repay grants received should certain conditions not be fulfilled by the chariiable company. In ihe opinion of the trusiees the te￿S of ihe letters of offer have been, or will be, Complied with and no liability is expecied to occur. 22