DRC YOUTH PROJECT ISCIO) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$t MARCH 2024 R¢glst•red Charity No SC050035
DRC YOUTH PROJECT ISCIOI TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Pages Trustees, Annual Report Independent Examintsr's Report Slalemenl of Financial Activities Stsiemenl of Flnanclal Position Noles lo the Financi81 Statements 10-16
DRC YOUTH PROJECT (SCJOI TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 PIARCH 2024 Tho Trustees pr&sent their report and finan(xal slatements for the ORC Youth Projecl ISCIOI for the year ended 31st March 24. REFERENCE AND ADMINISTRATIVE INFORMATIOM The DRC Youth Project is a Scotlish Charitabl& Incorporated Oiganisation ISCIOI was formed in March 202D. CHARITY REGISTRATION NUMBER SCOS0035 PRINCIPAL OFFICE 9 Kelso Place Yoker GLASGOW G14 OLL INDEPENDENT EXAMINER A & A Accountants 1037 Sauehiehall Street Finnieston GLASGOW G3 7TZ BANKERS Zempler Bank Collons Centre Coltons Lane LONDON SE1 2QG
DRC YoiYfH PROJECT (SCIO) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES STRUCTURE GOVERNANCE AND MANAGEMENT Govemlny Documont DRC Youlh Proj8cI is a Scottish thritable Incorporated Organisation {SCIO) eMed by its constitulron Effectnie from 13th March 2020. Appointment of Trugteas Thg Trustees are appointed urKter the ternls of the c¢JnslilLrtI by lh8 m8mbership. The Tmslees are ablg to Co-opt up 10 5 athjilional Trustees lo the board bwlh a wnaximum number of 15 Trusteos allowed al 8ny one lime. Organlsatk>nal Stru¢tu The Charity Truslges adminislgr the charity. The Twstees mtht r8gularly and delegate responsibiltties lo the Head of Operations who is appointed by the Trustees to manage the day lo day operations ofthg charity. TD facilitate effective opèrab"ons. th8 Head of operat8 has delegated aUrItY lor op8ralional matiers including soNlcg provision, financo and administratson. Rlsk Mana9em¢nt The Charity Trustees hav6 nsid8r9d Ihe major risks to which Ihe tharify exposed and have reviewed ItrK)5e risks and established systems and procedures to manage those risks. The Charity Tru$t895' have agceed clear li9 of dg18galion and wjlhorlty to the H8ad of operatnS induding delegala(S authority for operational mattets including seNice proS. finance and admlr)Istrats"on. Key Managpment Personnel Tho Charity Trustetss consider th6 key management personnel of the chaiity to be Ihe Charily Truslges and the Head of Operations together wlth the Engagement and Operation$ Coordinator. the Engagewnenl and Op£*alii)ns Support worker and bad Youth WorkeTS to be the k8y m8nagem8nt personnel of the ch8ri1y in chargg of dIreCtg, Charltabl• Objectives The charitys oblecllves are the prevention or relef of poverty. advancfjmenl of hèalth, the advancement ol dli•nship and communily dovelopmenl and the relief of those in need through ill healtr. disabilty. financial hardship or olber disadvantage related to young 0p.
DRC YOUTH PROJECT (SCIOI TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Strategy and future plan$ The Charity's strategy is to associate with local authorities. voluntary organisatiS and empJoy&rs in a communal 8ffort lo advance tho welfare of young people. ACHIEVEMENTS AND PERFORMANCE Flnanclal Revl The sults for the period show the direct expèndllure on charitable activities at £374.917 {2023= £251.241). Tha DRC Youth Project ISCIO} made a surplus 01 £3.36212023.'£5.1091 in the ar giving resèrves as at 31 st March 2024 of £54,09412023: £50.732} Revlew of th• yvr The DRC Youth project was funded Ihrgugh the introduclK)n of Ihe Glasgow Cornmunities Fund by Glasgow City Council which replaced the Integrated Grant Scheme. The Glasgow comvnunit Fund (GCFI required thal organisations COLJkl only 8pply for one SIarn of funding. The PToje¢t Iformalty a service Urer the umbrella ol lh& Yokpr Resource Cenlrel took the decisM)n lo form a Scoltish Charilae Incorporated Organisation. th8 DRC Youth ISCIOI so we would be eligiblts lo apply for Glasgow Communities Funding to continue the Youth wovision in the area. We found oul on the 2nd of Sepl 2020 thsl we had been sUSsful. and funding was se(¥red till Ihe 31st of March 2023 to opfyrale and develop as an Independent organisalion. This fore melllioned funding has helped to give us a plattrKm lo buikl and pand upon. and our SuccseS have le(J us lo sècure furthèr funding from the GCF and the Scoitish Goveinment thr(wh their Investing in Communities IICFI fund unbl 2026. Our Succe$ and recognised stsnding as a key prowder in Ihg Northwest ol Glasg)w has also h8lpad us lo secure a substants'al amount of funding from other srAJrces like the knal arèa partnerships and CORRA, who hav8 fund8d a programme for us until 2027. We are recognised nationally as an example of good innovation and practi¢e, and we Continue lo grow. A not8ble area of growth is through expanding partherships with thal secorKJary schools where w& are providing an allemalive curriculum for disengaged students. To mpliment everything we do, during the last 12 months we have been running wr usual generfc youth services 81 the usual hubs and cenlres, we also continued doing street woth tr"ng to make sure vulnetable Young People were safe and well and everyone was included. W& continued work with our community panty %hich provid8s food for the most vulnerable in society and we also continued with our own youth empk)yability and training at our main Offi as well as p81hfinder Ilhe main youth employabilily seNice for the Northwe51) %thich covers the whole of the Northw8sI of Glasgow. We have aL80 b&en running our sports activities at Ihe S¢otstoun leisure centre and our BMX and Mounlaln biking activities at various locations. Our oarty inlerventKJn SeriS (8-11 sl have also been very aclive at Yok8r end Scolstoun. We do specialist tailor sessions for the kKal secondary schooLs, and Ihese are based around earfy leavers and act as another route or destinatlon for young peop. We have also SeCud funding lo supwrt young peo in recovery from dnjgs and *thol. This gained momentum and Prin¢ipal Funding Soure•$ Th8 principal funding sources were a grant from Glasgow Communitiès Fund. funding from Workingritè related to the Pathfinder project and Scottish Govemmer)t Inv8sting in Communities Fund together wilh Area Partnership funds. Rosotv¢s Pollcy The reserves are categorised as unrestri¢tsd where th8 r8s8rve$ are available to be appleé by Ihe Trustees in furtherance of the charills obieclives and reslricled vthi¢h represents the grants receNed through the Council, Scollish Govemment or from Workingrile which have lo be applied in 8¢¢0rdance wth the funderfs requirements. The policy of tho charity is to hava unreslricled reserves equarent to th monlhs wnning costs. Current resorv6s are considerably lower than this and tha Tnjslees are workifi9 to 8chieve this target. Unreslricled reservas 89 al 31st March 2024 were £17.249 {2023'. £21.419 ) restricted SerVeS as at 31st March 2024 were £36.84512023.. £29.313}.
DRC YOUTH PROJECT ISCIO) TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 Futur¢ Plan The DRC Youth Prokct ISCla} alffls lo continu8 to provide Ihe same successful s8rvl(*s basad around the cora remits of generic youth work end youth employability. The Pr¢4ecl will ha¥e ev8n more of a fo5 on wling and Iralnlng win fotward and we aim lo Spd our youth emplo)fdt%lity seNces {mainly Palhfinderl across the whol8 ol Glasgow and not just tho Northwest. Th8 DRC Youlh (SCIOI aim lo conbnue to devèk)p th8 Pantry. and the previous funding lo redevelop thtt shop unil. has now been completed. W& now operate a fulty functioning food soNre which dFsliibules 2 tonnos of food per wèek lo Ihg most disadvantaged In our soclety. Vva aim to gr<pw thg panty while èmpk)ying and training local youno people. We a180 aim lo devekjp our fo growiro FK¥lentlal by developKo local allotments areas in Yok8r. W8 have sought funding from Glasgow City Council for this and aim to be grong seasonal fruit and vegelables frcyn spring next year. We also have a d8velopmenl project al the disused Yoker sports hall knre we aim tci doli¥er and expand Dur wcfk with secondary s¢hools due lo hwJh dom8nd. We 8re in the process of an asset transfer wilh the council and have som8 kéy partnèrs in place. Vve have a0 been chosen by the Hunler Foundation as a cenlre of ex¢8Ttenc8 and we are part of 8 new pilot programme that began at the very end of the financi81 year. Big things to Come frowv thls. Independont Examlner A rasolution to reappoint A & A Accounting 8s independcnl examin b8 prDposed at Ih? forthGomirvJ AGM. 19112J2024
DRC YOUTH PROJECT (SCIOI FOR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES The Trusl8es are responsible for prepang the Trustees, Report and the fin8ncial slatements in accordance wth applicable law an(J United Kingdom Accounting Standards IUnit8d Kingdom Gtrnerally Accepted Accounting Pra+01. The law applicable lo chartties In Scouand, the Charitiès and Trustee Investment (Scotlandl Act 2005, the Charitle$ Accounts Iscotlandl Regulallons 2006 las amended) and Ihe prowsions of the d)arills Memorandum and Articles requires the Trustees lo prepare financial slatemenls for each finanaal yeai whh give a true and fair view of rhe slal8 of affairs of the charity and of the incomirvj resources and application of SoUrceS ol the charity for thal period. In preparing Ihese linancial slatemenls, the Trustees aTe required to.. select Suitab accounting wlicies and then aF)p]y them Consistently. obsèrvè the methods and principles in the Ch8dUes SORP.. make JUdMents and accounting estimal$s that are reasonabje and prudent.. slate whelhÉr applicable accounting standards have been fdkjwed, subject lo any material d8partur6s disclosed and explained in the financial statements.. prepa th& financial stalernents on Iho going COnM basis unless it is inappropriate lo presume that the charily will continu8 in operation. The Trustèes a responsible for keep5ng proper accounting records which disclose with reason8ble 8ccuracy al any lime the financlal position of the charity and enable them to ensure that the financial staternents ¢omply wlh the Charities and Trustee Investment IScolland} Act 2005. The Charilies Accounts {Scollandl Regulations 2006 las amended) and the provisions of Ihe charitrfs Memorandurn and ArtiCs. They are also r&sponsible for safeguarding the assets of Ihts Charity and hence for tsking reasonable steps for the ventIOn and detection of fraud an(f other Irregularities. The Trustees are responsible for Ihe maintenance and integrity of thè corporate and finan¢ial infomialion 1cded on th8 charitls website. Legislallon in ihe United Kingdom otsveming the pparation and dissemination ol financial slalements may diffor from legislab'on in Oth jurisdictions.
INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31 MARCH 2024 Indgpndent Examinerfs Report to the TrustÈes of DRC Youlh ProS8Ct ISCIO) I rtsport on th8 8ccounts of the charity for the year ended 31st Mard) 2024, which are sel out on pages 8 10 16. ROB¢11¥0 responslblllli•s of Trusteès and Examiner. The charl1$ Trustees are respmsible for lffte preparakn'on oflhe COUnts in accA)rdance wilh th& terms of th8 Charitie5 arKI Trustee Inv&slm8nl {Seollandl 2005 Ilh9 2005 Acri and Ihe Charibes Accounts IScolkrpd} Regulations 21M)6 {as amended} I'the 2006 Regulalions'l. The Tnjsteès (x)nsKl8r thal the audit iequir8m8nl of Regulation (10111)Idl of Ihe 2008 Regulations does not appty. 11 is my respon8ibility to examine the accounts under seclron (441I1)Icl of the 25 Act and lo slste Whellr particular matters have come to my attent)n. Basls of Indepandènt Examlnefs Ststom•nt My examination is carried out in accordance wilh Regulation 11 of th8 2006 Regulailons. An examination includ8s review of the accounting e0rd$ kept by the charily and a comparison of the accounts presented with Ihgse records.11 also indudes consthtion of any unusual items or disclosures In Ihe accounts, and sèekg expl#n#tlon$ from the Trustees conMIng any such matters. The procedure5 undertak8n dD not FwvKle all evidence that would be required in an audit. and consequenliy l (h) r1 express an audit opiiion Im the view given by the aCnts. Independent Examln•r's Statèmènt In conntI)n wilh my ex2mlnaUM no m8tt8r c8me lo my aliention:_ which gives me reasonable (ause to b8li8ve that in arw malerial resp1. th8 reouirgments to keop accounting recordg in acurdance with Section 44{11{a} ol 2005 Act and Regulation 4 of the 2006 ReguLgtions, and to prepare accounis which accord the accounting reci¥ds and Comply with Rcgulation 9 of the 2006 Rewlalions ha not been rnel. or 2 to which in my opini¢M, attention shoukj be drAwn in uder to en8ble a proper understanding ol Ihe aGwutS lo be rs8¢hed ASA Accounting 1037 Sauchiehall stet Finnission GLASGOW G3 7TZ Dale.. 19/1212024
DRC YOUTH PROJECT ISCIOI STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 INCOME Unrostricted Restricted Funds Funds Notfrs 2024 2023 Grants Donations and Legacies Charitable Activities 3.464 37.669 273,203 63,943 276,667 101,612 133.701 122.649 TOTAL 41.133 337.146 378,279 256.350 EXPENDITURE Charitable Aclivities 45.303 329.614 374.917 251,241 TOTAL 45.303 329,614 374,917 251.241 NET (èxpendltuyel l incom• 4.170 7.532 3.362 5,109 Net Movom¢nl In Fund8 {4.170) 7.532 3.362 5.109 Reconclliation of Reserv Total Reserves Brclughl Forward 21.419 29,313 50.732 45,623 Total Reserves Carri8(l ForwarLI 1T,249 36.845 54.094 5LI,732 The rte$ on pages 10 to 16 form an integral part of thase finan(¥al statemonls.
DRC YOUTH PROJECT ISCIO) STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 MARCH 2024 Note 2024 2023 FIXED ASSETS 7,612 3,150 CURRENT ASSETS Doblors Bank 8fKI cash 1,500 5.591 2.000 78.014 67,091 80.014 CURRENT LIABILITIES Credilors and Accrugd charges 20.609 32,432 N•t Current Assets 46,482 47,582 Net Assgt$ 54,094 50,732 RESERVES Unrestri¢led Restrict 17.249 36.845 21,419 29.313 As al 31st March 2023 54,094 50,732 The notes (x) pages 10 10 16 form an Integr part of these financi81 statements. These financial slalemenls were approved by Ihe Trustees on the 19th December 2024 and signed on
DRC YOUTH PROJECT ISCIOI 10 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 ACCOUNTING POLICIES Statutory Infom)atlon DRC YoLFth Project is a iegistered Scottish Chariiable In¢orw8ted Organisation and is registered in Scotland. The Registered Office land prinupal place of buslness}1$ 9 Kelso Place Glasgow G14 OLL. Basis of preparation and Statement of Compllance The financial stslemenls are prepared under the hisloric81 cosl convènlk)n with items recognised al cost or Iran5aclion value unless otherwise stat1 in the revant Notes to these finanaal statements. The financial slalemenls have been prèparèd in aeeordance wth thè Stat8m8nl of Recommended Practice.. Accounting and Reporting by Charities PTeparing their Accounts in ¢[dance with Financial Reporting Standard 102 (as 8mended foraccounling periods ¢ommenung from 1 January 2019), the Charities and Trustee Investment Iscotlandl Act 2005, and the Chariles A¢nts (Scollandl Regulations 2006 las am8ndedl. Th8 principal accounting policies adopted in th8 preparation ol the financial slalements are set out below. The charity meets the definiiion of a public benefit entity under FRS 102. The financial slalements are presented in UK Sterling and rounded lo the nearest ¥hIe pound. Going Concern The Trustees are obliged to consider the appropriateness of the going concern assumption when preparing the financial slalemenls. The DRC YoLrth Proied ISCIO) has been awarded Glasgow Communlties Funding IGCF) unlil 31 sl March 2026. The DRC Youth Project has also been awardèd funding from th8 Scollish Govemmenl through the Investing ill Communttie5 Fund until the 31st March 2026.This gives a high degree ol certainty of funding until March 2026. Consequenvy, the Twslees bèli&ve that there are no material uncertainties affectin9 the CharitS ability to Gonbnue a5 a going concern and, accordingly, the financial statements are prepa on a going con¢em basis. Fund a¢¢ountlng Funds ar8 classified as either restricted funds or unrestricted funds. define(l as follows. Restricted funds are funds subject lo $peur requirements as lo their usè which may be declared by the donor or bwth their aLthority or ¢ated through legal processes, but still wthin the WKler objects of the charity. Unrestricted funds a expendable at the discretion of the Trustees in furtherance of the objects of the charity. If parts of the unrestricted funds are eam)arkeé at the discretion of the Trustees for a particular purpose. they are dèsignated as 8 sep8r8le fund. Thi% dasignalion has an aclminislrative purpose only and dogs ngt legally restrict Ihe Trusteès, discretion to appty the fund. Incomo All income is rewgniseLI once the tharity has entiuement to Ihe income. il i8 probable that the income will be reIVed and the 8mounl of incorne rgceNable Can be measured relk4bty. l)onatlon5 Donations are rg¢ognised when the charity has ewdence of entillemenl to the grft. receipt is probable and its amount can be measured reliably. Entitlement usually are5 immediately upon receipt, however, in lh8 event that a donation Is subject lo ndon$ that require a level of perfomiance belore the chaty is eniitled to the funds, the Income is dafarrèd arKJ not r8cognised until either those condilions are fully mel. or the fuffilmenl of those conditions is wholly wlhin the control of the charty and il is probable that those conditions ill be fulfilled in the reporting poriod. Grants rgceivable Income from govgrnment 2nd other grants. ether.catar or'revenue, in nature. are recognised when the charity h8s unconditional enDlem&nt to the funds. il is probable that the income will be received. the aTnounl can bg measuied reliably. unnditional enlillement wll be achleved orTrce any perfomance or other ¢dItIonS attach8d to th& grants have been mel. or fuifilment of those conditions is wholly within tho control ol the charty. VVher8 performanc& condilions are attadbed to the grant and are yel lo be mèL the income is receonised as a liablllty and includ8d on the balar sheet as deferred irwme lo be reaged.
DRC YOUTH PROJECT ISCIOI 11 NOTES TO THE FINANCIAL STATEMEMTS lcont.dl FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES ICont.d) In¢omo from charitable actlvltles Income from charitable actimlies includes incom& &am8d both from th8 supply of goods or seNicès under conlraclual arrangements and from perfomanc&relaled grants which have conditions that specify the provision of particular gOCMYs or service5 to be provrded by the ch8rity. Intne from charitable activities is recognisÈd as 8arn8d las the related goods or $ervi(*s are provvjedl. Expendlture Llabilities are recognised as exp8nditure as soon as there i8 a legd ot ¢onslnJctive obligation ¢ommitting the charity to that expendiluro. 11 Is pr¢)bable that setuemenl will be required and the amount of the obligation can be measur8d or estimated reliably. Liabilities are measured on recognition at historical cost and then subsequenlty measured al the best estimate of the amount reqUId to settle the oblig8lKJn at the reporb.ng dale. All expenditure is accounlad for on an accrual's basis. All expenses induding support costs and govemance Costs are allocated ¢y apporboned lo the applicable experltUre headings. Exptndlturè on ¢harltsble aetlvitle$ Expenditure on charitsble actiwbes indudes all St8 incJJrred by the charity in undertaking activities that further its Charitab aims for the benefrt of ils benefiaaries, including those Support costs and costs relating to the govemance of the charlty apportloned to Gharitable activits. The costs of charitable activities wesented in the Stalemenl of FinanGial A¢bwb8s includes the costs of both direct service provision and the payTnents of grant awards if applicable Oparatlng laas8S R8nlals applicable trj operating leases Whe substantially 81101 the benefits and risk ol ownership remain with the lessor are charged lo Stslemenl of Financial Activitses on a slraighl-line basis over th8 period of the lease. Governanc& costs Governance costs {vthich are included as a COmp(t ol support costs in accordance th SORPI Comprise all costs involving Ihe public accountability of the charity and ils compliance regulation and good practice. These costs Miclude those related to constitutional and statutory r8quirèmènts, exl8rnal scrutiny laudit independent examination). strategic managemenl. OtherIal and professK>nal fees. Actlvlty based reporting To comply fully wth the Slalement of Recommended Praclice WOU requi in¢om9 and &xpendilurg to b8 reported by acliMty. The Trustees ale of the opinion that the aclivilies of th? charity are inter-linked. therefore this would be Imprac'cal lo calculate and wouhy provide no additional benefrt to th8 us8rs ol these flnan¢Sal statements, Therèfore. no further anaIlS of income and expenditure is prowded wthin these financial statements. Tanglble Fixed As$ets Vehi¢los ate depieciatsd al 25% reducing balance per annum. Fixtures and filtlngs are not capilalised but are vrritten off in the year of purchase. Debtors Trade and other éebtors are recconised at the settfement amount due after any discount offered. Prepayments are valued al the amount wepaid after taking account of any discounts due. Cash at bank and In hand Cash al bank and cash in hand includes cash an¢J short term highty liquid illvestmenls with a short maturity ol Ihr8e months or less fvom the date of auJuisiti¢)n or ¢)pening of the deposit or similar account. Croditors and provi51on5 Cr8ditors and provisions are recognised vthere the charity has a present Obration resultg from a past evenl that wlll probably resuli in the transfer ol funds lo a thlrd parly and the amount due to settle the obligation can be measured or estimated reliabty. Cr8dilors and provisions are nomi8lly recognised 81 th81 seltlemenl amount after allowing for any trad$ dis¢oLFnts due.
DRC YOUTH PROJECT ISCIO) 12 NOTES TO THE FINANCIAL STATEMENTS {Cont.d) FOR THE YEAR ENDEO 31 MARCH 2024 ACCOUNnNG POLICIES {Cont.d) Financial instrum8nt$ The Charity only has financial assets and financial liabilleS of a kind Ihal qualify as basic financial inslrumènls. Basic fin8nci81 instruments are initialty recognised at transaction value and subsequently measured at iheir settlement value. Penslon Auto Enrolment The DRC Youth ProjeGI (SCIOI currenuy operates a pension sch8mè under th& govemm8nVs auto enrolment Iniliatlvo. This scheme is a defined contribution scheme wlh the current kvels of contribution bging 5Yo for employees and 3% for employers. All premiums due have been paKI for the yeai. Judgements and ostimates In preparing the financial statements. the Truslees are qUired to make eslimates and assumplions which affect reported income, exp8nsas, assets, and liabilities. Use of available Information and application of judgement are inherent in the formation of eslimales, loyether wtth pasl experience and expectations of future events thal are believed to be reasonable undèr thè ¢ir¢umslances. Actual results in the future could difler from such eslimales. The Trustees ar& satisfwj that the accounting policies 8re apprwriate and applied consistently. Taxatlon No laxalion is prowded for as all the income of the SCIOS, a¢tithfi6s f811 wthin Ihe exemplSons of sectlons 466 10 493 otthe CoryKralion Tax Act 2010 {CTA 2010) ANALYSIS OF INCOME Unrestrlcted Reslrlcted Income Incorne 2024 2023 Grants Donation$ and Legacies GCC Glasgow ComMuni.eS Fund Scollish Gov8rnmenl- ICF Corra Foundation GCC Area Partnership - Evenl Costs GCC Area Partnership- Acliwty GCC Area Partnership- Street Work GCC Nei9hboLJrhood & Ren8{all0n sViCes Don81ions 83.727 116,167 49.850 3.0(K) 6,000 14.459 83,727 116.167 49.850 3.000 6.000 14.459 98,519 8,000 8,000 3.712 15.470 3,464 3.464 273.203 276,667 133,701 Unrestricled R•$trl¢t&d Income Income 2024 2023 Charitable Activitie8 Workingrile Yok8r Resource Centre Stigm8 Project GCC Sctvjols YOMO Remade Network NHS Gr&a18r Glasgow and Clydè P8nty Income 63,943 ,943 67,572 5.000 9,540 32.100 1.445 32.100 1.445 17.500 21.250 1,787 122,649 4,124 37,669 4,124 1Q1,612 63,943
DRC YOUTH PROJECT ISCIOI 13 NOTES TO THE FINANCIAL STATEMENTS (Cont.dl FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE ACTIVITIES Unre5tr1cted Restricted Expenditur• EXpdIturn 2024 2023 Staff Costs Travel Expenses Training Rènt and Rates Insurance Heal and Light Repairs and Maintenance Panty Repairs Ilmprovements Waste Uplift and Cleaning Telephone Administration Membership Vehicle Expendilure D8pre¢ialion Loss on Disposal of Vehide Equipmenl Group Expenses Hall Hire Bank Charges A¢¢ixJntancy Fees 230.870 1.000 250 21.000 1.501 3.704 230,870 1,337 566 24,644 1.505 9,818 2.9D1 1.254 630 2,561 6,184 7,667 3,756 2.538 151,987 631 288 17,758 1,507 4,307 627 610 2,014 293 3,199 8.660 1.862 1,050 3,319 10,124 25,387 14.700 118 2,800 337 316 3.644 6.114 2.901 1.254 630 1.761 521 7.667 3.756 1.750 800 5,663 788 4,291 8.246 1.484 227 400 4.291 47.591 23.677 227 2,900 39.345 22.193 2.500 45,303 329,614 374,917 251.241 SURPLUS FOR THE YEAR 2024 2023 The surplus of inwe over expondilure is staled after charging.. Independent Examiners Report Depreation 700 2,538 610 1,L)5D
DRC YOUTH PROJECT ISCIOI 14 NOTES TO THE FINANCIAL STATEMEKfs ICont.d) FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 STAFF COSTS AND KEY MANAGEMENT PERSONNEL Salaries Social Security Costs Pension Costs 216,254 10,629 3.987 230,870 142.776 6,388 2,823 151,987 During the ar the DRC YjIh Pmject operated a defined contrityjtion scheme wlh Ihe National Employment Savings Trust under the govemments Auto Enrolmenl Inilk4lNe. Thè contriLtIOnS peid were £3.98712023= £2,823) The Trustee5 consider th8 k8y manag8menl personnel of the charity to be the Twsloos. Head of Operations, Engagement an¢J Operation5 Coordinator. EThJag8menl aThJ opeOn$ sUprt and the two Lead Youth Workers. The total employment benefits induding employer pension conbibuttons ofthe key managernenl personnel was £148,71312023..£126,6601 No employee received r¢Tnuneration of more Ihan £60.000 and no Trustee received any expenses or The average number of empl¢)yees during the perk.. LEASES The future minimum lease payTnents under noTrcan¢elL8bl8 loases fall due as lolk)ws'.- 2024 2023 Within one year Betwèen one and five years Later than five years 22.500 24.000 6.000 22,0 24,000 12.000 52.500 58,500 FIXEO ASSETS Motor Vohld•s Tanglble Total Cost As al 1st April 2023 Additions Disposals 5,600 7,000 7.000 As al 31st March 2024 12,600 12,600 DeprecIaOn As al 1 sl April 2023 Dlsposals Charge for year 2.450 2.450 2.538 2,538 As a131st March 2024 4.988 4.988 NBV as at 31st March 2023 3.150 3,150 NBV as al 31st March 2024 7,612 7,612
DRC YOUTH PROJECT {SCIOI 15 NOTES TO THE FINANCIAL STATEMENTS (Cont.dl FOR THE YEAR ENDED 31 MPRCH 2024 DEBTORS 2024 2023 Trad8 Debtors 1,500 2.000 CREDITORS.Amounts falllng dug in1o$sthan on¢ year: 2024 2023 Other Taxation an¢J Soci81 Security Accruals and Deferied Income 20,609 32,432 20.609 32,432 NET ASSETS ANALYSIS BY FUND Unrestrlcted Restrlcted FuDd$ Fund$ 2024 2023 Fixed Assets Current Assets Current Liabilitie Total Fund Value 5.250 16,604 4.6051 17.249 2.362 50,487 16.004 36.845 7,612 67,091 20,609 54,094 3.150 80,014 32,432 50,732 Statement of Funds Tr#nsfers Asat Exp&nditure B8tsve8n Funds 3110312024 0110412023 Incom8 Unrestrlcled Funds Rostrlcted Funds Glasgow Communities Fund Scotlish Govemm8nt- ICF Corra Foundation Workingrile GCC Area Partn&rship - Evonl Costs CCC Area Partn8rship- Activity GCC Ar8a Partn8rship- Street Work GCC Area Partnership Victoria Park GCVS Mental Health GCC Schools ReslTi¢led Funds Total 21.419 41.133 (45.3031 17.249 83.727 116.167 49,850 63.943 183,7271 (116,1671 {41,034) (63,943} 13,0001 16.0001 114.4591 (788) 8,816 15.667 15.667 6.1)00 14.459 3,1 10,000 496 29.313 2,362 10,000 496 337,146 _1329,6141 36,845 Totol 50,732 378.279 374,917 54,094 Purpos# of Funds Unrestrictèd Funds - represents the free reserves of Ihe charity whith the Trustees are fr98 to us& In furthering the charilies objectives. Reslricled Funds - represent grants re¢eive(I through Glasgow C(¥nmunities Fund, Scottish Govommenl- ICF. Coffa F¢xJrKlalN)n. Workingrite, Glasgow City Counal Aa Partnership and GCVS whi¢h ar6 applwj in a¢¢ordan¢e wth Ihg funderfs requirements.
DRC YOUTH PROJECT ISCIOI 16 NOTES TO THE FINANCIAL STATEMENTS ICt)nt.dl FOR THE YEAR ENDED 31 MARCH 2024 12 STATEMENT OF FINANGIAL ACTIvlES FOR THE YEAR ENDED 31ST MARGH 2023 Unre5tricled R8slrict8d Funds Funds 2023 InGom• Granis D)nalions and Legacies Charitable ACtitieS 19,182 55,077 114,519 67,572 133,701 122.649 Total Ineomè 74.259 182,091 256,350 Expenditure Charitable Actiwbes 63.032 188.209 251,241 Total Expenditure 63.032 188.209 251.241 N•t Income Iloxpondtture) 11.227 18.1181 5.109 TranBf•r8 botWo•n fund¥ Recon¢lliati¢n of Res*r¥o$ Total Funds Brought Fotward 10.192 35,431 45.623 Total Funds Carrlod Forward 21.419 29,313 50,732 UrMJer Charitie5 Stalernenl of Recomrnended Practi IFRS1021. comparatives for eath das5 of funds are rwuired for each line ol tho Slalemenl of Financial Aclwiiies {SoFAI. The note above illustrates the SOFA for the yeaf lo March 2023. 13 RELATED PARTY NOTE The Charity ente.ec nto 3 lease in July 2020 wrth (Head of OpeTationsl to rent the shop premises at rom him for th9 FLrpose> .?- Usllg tL as th8 base for the Pantry. The shDP lease Is for a period ol io Years at a rent of E6,000 per annum but the fiisl year and a haw wa5 grve r8nl free lo help vAth Ihè slatl tsp of thè Pantry. Th8 am¢Mt pabd dtsring the ysar on Iha leas8 was £6,000 {2023 £9.OOD}.