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DRC YOUTH PROJECT (SCIO) FINANCIAL STATEMENTS FOR THE PERIOD 31ST MARCH 2025
Registered Charity Nc $C050035
DRC YOUTH PROJECT (SCIO)
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
| CONTENTS | Pages |
|---|---|
| Trustees’ Annual Report | 2-6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| NotestotheFinancialStatements | 10-14 |
| | | |
DRC YOUTH PROJECT (SCIO)
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their report and financial statements for the DRC Youth Project (SCIO) for the period ist April 2024 to 31st March 2025.
REFERENCE AND ADMINISTRATIVE INFORMATION
DRC Youth Project (SCIO) is a Scottish Charitable Incorporated Organisation (SCIO) which was formed in March 2020.
CHARITY REGISTRATION NUMBER
$C050035
PRINCIPAL OFFICE
9 Kelso Place Yoker Glasgow G14 OLL
INDEPENDENT EXAMINER
A & AAccountants 1037 Sauchiehall Street Finnieston
GLASGOW G3 7TZ
BANKERS
Zempler Bank Cottons Centre Cottons Lane LONDON SE1 2QG
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DRC YOUTH PROJECT (SCIO)
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES
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Interim Chair
Treasure
Secretary
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STRUCTURE GOVERNANCE AND MANAGEMENT
Governing Document
DRC Youth Project is a Scottish Charitable Incorporated Organisation governed by its conslitution effective fromm 13th March 2020.
Appointment of Trustees
The Trustees are appointed under the terms of the constitution by the membership. The Trustees are able to co-opt up to 5 additional Trustees to the board with a maximum number of 15 Trustees allowed at any one time.
Organisational Structure
The Charity Trustees administer the charity. The Trustees meet regularly and delegate responsibilities to the Head of Operations who is appointed by the Trustees to manage the day to day operations of the charity. To facilitate effective operations, the Head of Operations has delegated authority for operational matters including service provision, finance
Risk Management
The Charity Trustees have considered the major risks to which the charity is exposed and have reviewed those risks and established systems and procedures to manage those risks.
The Charity Trustees' have agreed clear lines of delegation and authority to the Head of Operations including delegated authority for operational matters including service provision, finance and administration.
Key Management Personnel
The Charity Trustees consider the key management personnel of the charity to be the Charity Trustees and the Head of Operations together with the Engagement and Operations Coordinator, the Engagement and Operations Support worker and two lead Youth Workers to be the key management personnel of the charity in charge of directing, controlling the
Charitable Objectives
The charity's objectives are the prevention or relief of poverty, advancement of health, the advancement of citizenship and community development and the relief of those in need through ill health, disability, financial hardship or other disadvantage related to young people.
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DRC YOUTH PROJECT (SCIO)
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Strategy and future plans
The Charity's strategy is associate with local authorities, voluntary organisations and employers in a communal! effort to advance the welfare of young people.
ACHIEVEMENTS AND PERFORMANCE
Financial Review
The results for the period show the direct expenditure on charitable activities at £352,738 with a total surplus of £10,084 in the period giving reserves of £64,178 as at 31st March 2025.
Review of the period
The DRC Youth project was a project run by the Yoker Resource Centre which recieved core funding for a number of different projects through the Glasgow City Council Integrated Grant Scheme. The introduction of the Glasgow Communities Fund by Glasgow City Council which replaced the Integrated Grant Scheme required that organisations could only apply for one stream of funding. The decision was taken to form a Scottish Charitable Incorporated Organisation , the DRC Youth (SCIO) to apply for Glasgow Communities Funding to continue the Youth proivision in the area. We found out on the 2nd Sept 2020 that we have been successful and now have secured funding till the 31st March 2023 to operate and develop as an independent organisation
From the 1st October till the 34st March 2021 we have been running our usual generic youth services online and also at the usual hubs and centres we also continued doing streetwork trying to make sure vulnerable YP were safe and well and everyone was included. We continued work with our community pantry which provides food for the most vulnerable in society and we also continued with our own youth employability and training at our main office as well as pathfinder (the main youth employability service for the North West) which covers the whole of the North West of Glasgow. We have also been running our sports activities at the Scotstoun leisure centre and also our BMX and Mountain biking activities at various locations. Our early intervention services (8-11s) have also been very active at Yoker and Scotstoun. We do specialist tailored sessions for the local secondary schools and these are based around early leavers and act as another route or destination for young people.
COVID 19
The project had to adapt an online presence during the worst of the lockdowns and slowly build back the clubs when restrictions eased. We had to change our youth employability service to suit the restrictions and advice from the government but continued to successfully work in this area. We also set up the food relief service and this evalved into a community pantry. We are more or less back to normal with everything but with the addition of the pantry service which
Principal Funding Sources
The principal funding source was a grant from Glasgow Communities Fund and funding from Workrite related to the Pathfinder project.
Reserves Policy
The reserves are categcrised as unrestricted where the reserves are available to be applied by the Trustees in furtherance of the charity's objectives and restricted which represents the grants received through the Council or the income received from Workingrite which have to be applied in accordance with the funder's requirements. The policy of the charity is to have unrestricted reserves equivalent to three months running costs. Current reserves are considerably lower than this and the Trustees are working to achieve this target.
Unrestricted reserves as at 31st March 2025 were £38,106 restricted reserves were £26,074 as at the 31st March 2025.
Future Plans
The DRC Youth (SCIO) aims to continue to provide the same successful services based around the core remits of generic youth work and youth employability. The Project will have even more of a focus on cycling and training going forward and we aim to spread our youth employability services (mainly Pathfinder) across the whole of Glasgow and not just the North West. The DRC Youth (SCIO) aims to continue to develop the Pantry for which we have applied and been granted funding to renovate and provide equipment for the shop in Dumbarton Road where the Pantry is based. On completion of this work, we aim to grow the pantry while employing and training local young people.
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DRC YOUTH PROJECT (SCIO)
TRUSTEES ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent Examiner
A resolution to reappoint A & A Accounting as independent examiners will be proposed at the forthcoming AGM.
DRC YOUTH PROJECT (SCIO)
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FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's Memorandum and Articles requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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- make judgements and accounting estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concer basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, The Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's Memorandum and Articles. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website, Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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INDEPENDENT EXAMINERS REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent Examiner's Report to the Trustees of DRC Youth Project (SCIO)
| report on the accounts of the charity for the period ended 31st March 2025, which are set out on pages.
Respective responsibilities of Trustees and Examiner.
The Charity's Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 ("the 2005 Act") and the Charities Accounts (Scotland) Regulations 2006 (as amended) ("the 2006 Regulations"). The Trustees consider that the audit requirement of Regulation (10)(1)(d) of the 2006 Regulations doas not apply.
It is my responsibilty to examine the accounts under section (44)(1)(c) of the 2005 Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with my examination no matter came to my attention:-
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1 which gives me reasonable cause to believe that in any material respect, the requirements
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to keep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the
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2006 Regulations, and ‘to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations
have not been met, or
- 2 to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
A&A Accounting 1037 Sauchiehall Street Finnieston
GLASGOW
G3 7TZ
Date:
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DRC YOUTH PROJECT (SCIO)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted | Restricted | TotalFunds | TotalFunds | |||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | |||
| Income | ||||||
| Donations and Legacies Charitable Activities |
2 2 |
- 8,184 |
275,191 133,234 |
275,191 141,418 |
273,203 105,077 |
|
| Investment income | 2 | - | - | - | - | |
| TatalIncomingResources | 3,184 | 408,425 | 416,609 | 378,280 | ||
| ResourcesExpended | ||||||
| Costs ofgenerating funds: | : | |||||
| Raising Funds | 3 | - | 56,800 | 56,800 | 47,591 | |
| Charitable Activities | 3 | 9,319 | 343,106 | 352,425 | 327,326 | |
| Total ResourcesExpended | 9,319 | 399,906 | 409,225 | 374,917 | ||
| Net Incoming/(outgoing) resources and net movements infundsforyear |
(1,135) | 8,519 | 7,384 | 3,363 | ||
| Transfers between funds | - | - | - | |||
| Reconciliation offunds | ||||||
| Total Funds broughtforward | 17,250 | 36,845 | §4,095 | 50,731 | ||
| Totalfundscarriedforward | ” | 16,115 | 45,364 | 61,479 | 54,094 |
The notes on pages 16 to 21 form part of these financial statements.
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DRC YOUTH PROJECT (SCIO)
STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 MARCH 2025
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|---|---|---|---|---|---|---|---|---|
|Notes|Unrestricted|Restricted|Total|Funds|Total|Funds|
|Funds|Funds|2025|2024|
|Fixed assets|£|£|£|£|
|Intangible|assets|11|-|-|-|-|
|Tangible|assets|12|15,306|-|15,306|7.612|
|Investments|
|Total Fixed Assets|15,306|-|15,306|7,612|
|Current|assets|
|Stock|-|-|-|-|
|Debtors|13|-|-|1,500|
|Cash|at bank and|in|hand|7,322|58,755|66,077|65,591|
|Total Current Assets|7,322|58,755|66,077|67,091|
|Liabilities|
|Creditors|falling|due|within|
|one year|14|(6,513)|(13,391)|(19,904)|(20,609)|
|(6,513)|(13,391)|(19,904)|(20,609)|
|Total|assets|less|current|liabilities|16,115|45,364|61,479|54,094|
|Creditors:|Amounts|falling|
|due|after|more|than one|year|-|-|-|-|
|Net|assets|16,1 15|45,364|61,479|54,094|
|The|funds of the|charity:|
|Unrestricted|income funds|16,115|-|16,115|36,845|
|Restricted|income|funds|15|-|45,364|45,364|17,249|
|Total charity funds|16,1 15|45,364|61,479|54,094|
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Approved by the Trustees on 10th April 2024 and signed on their behalf by:
The notes on pages 16 to 21 form part of these financial statements.
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DRC YOUTH PROJECT (SCIO}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1 ACCOUNTING POLICIES Statutory information Scotland,DRC Youth TheProject Registered (SCIO) Officeis a registered (and principalScottish place ofCharitale business)Incorpaanisation and is registered in
Basis of preparation and Statement of Compliance
The
financial statements are prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant Notes to these financial statements. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their Accounts in accordance with Financial Reporting Standard 102 (as amended for accounting periods commencing from 1 January 2019), the Charities and Trustee Investment (Scotland) Act 2005, and the Charities Accounts (Scotland) Regulations 2006 (as amended). The principal accounting policies adopted in the preparation of the financial statements are set out below. This being . the first period of the charities operations there are no comparative figures.
The group meets the definition of a public benefit entity under FRS 102.
Going Concern
The Trustees are obliged to consider the appropriateness of the going concern assumption when preparing the financial statements. The DRC Youth Project (SCIO) applied and was awarded funding from Glasgow Communities Fund from the 1st October 2020 to the 31st March 2023 this gives a high degree of certainty for funding for the next two years. Given thai the Covid-19 pandemic has created a degree of uncertainty, the ‘Trustees have assessed its potential impact on the finances and future of the charity. Further disclosure regarding the Trustees' assumptions and decisions taken thus far to mitigate its impact are detailed in the Trustees’ Report. Consequently, the Trustees believe that there are no material uncertainties affecting the charity's ability to continue as a going concern and, accordingly, the financial statements are prepared on a going concern basis.
Fund accounting
Funds are classified as either restricted funds or unrestricted funds, defined as follows, Restricted funds are funds subject to specific requirements as to their use which may be declared by the donor or with their authority or created through legal processes, but still within the wider objects of the charity, Unrestricted funds are expendable at the discretion of the Trustees in furtherance of the objects of the charity, If parts of the unrestricted funds are earmarked at the discretion of the Trustees for a particular purpose, they are designated as a separate fund. This designation has an administrative purpose only and does not legally restrict the Trustees’ discretion to apply the fund.
Income All income is recognised once the charity has entitlement to the income, itis probable that the income will be received and the amount of income receivable can be measured reliably.
Donations Donations are recognised when the charity has evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably, Entitlement usually arises immediately upan receipt, however, in the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of {hose conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.
Grants receivable Income from government and other grants, whether ‘capital’ or 'revenue' in nature, are recognised when the charity has unconditional entitlement to the funds, it is probable that the income will be received, the amount can be measured reliably. Unconditional entitlement will be achieved once any performance or other conditions attached to the grants have been met, or fulfilment of those conditions is wholly within the contro! of the charity. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a iiabllity and included on the balance sheet as deferred income to be released.
DRC YOUTH PROJECT (SCIQ)
11
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 1 ACCOUNTING POLICIES (Cont.d)
Income from charitable activities Income from charitable activities includes income earned both from the supply of goods or services under contractual arrangements and from performance-related grants which have conditions that specify the provision of particular goods or services to be provided by the charity. Income from charitable activities is recognised as earned (as the related goods or services are provided).
Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured or estimated reliably. Liabilities are measured on recognition at historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. All expenditure is accounted for on an accrual's basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.
Expenditure on charitable activities Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. The costs of charitable activities presented in the Statement of Financial Activities includes the costs of both direct service provision and the payments of grant awards if applicable
Governance costs Governance costs (which are included as a component of support costs in accordance with SORP) comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include those related to constitutional and statutory requirements, extemal scrutiny (audit or independent examination), strategic management, and other legal and professional fees.
Activity based reporting To comply fully with the Statement of Recommended Practice would require income and expenditure to be reported by activity. The Trustees are of the opinion that the activities of the charity are inter-linked, therefore this would be impractical to calculate and would provide no additional benefit to the users of these financial statements. Therefore, no further analysis of income and expenditure is provided within these financial statements.
Tangible Fixed Assets
Vehicles are depreciated at 25% reducing balance per annum. Fixtures and fittings are not capitalised but are written off in the year of purchase.
Debtors Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.
Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds fo a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
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DRC YOUTH PROJECT (SCIO)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 1 ACCOUNTING POLICIES (Cont.d)
Pension Auto Enrolment
The DRC Youth Project (SCIO) currently operates a pension scheme under the government's auto enrolment initiative. This scheme is a defined contribution scheme with the current levels of contribution being 5% for employees and 3% for employers. All premiums due have been paid for the year.
Judgements and estimates
In preparing the financial statements, the Trustees are required to make estimates and assumptions which affect reported income, expenses, assets, and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates. The Trustees are satisfied that the accounting policies are appropriate and applied consistently. Taxation
No taxation is provided for as all the income of the SCIOs' activities fall within the exemptions of sections 466
- VOLUNTARY INCOME
| 2. | VOLUNTARY INCOME | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | 2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Scottish Government - ICF | - | 110,359 | 110,359 | 116,167 | |
| GlasgowCommunitiesFund -GCF | - | 83,727 | 83,727 | 83,727 | |
| Corra Foundation | - | 49,899 | 49,899 | 49,850 | |
| Area Partnership | - | 19,206 | 19,206 | 23,459 | |
| Charities Trust | - | 2,000 | 2,000 | - | |
| GSVS | - | 10,000 | 10,000 | - | |
| Total | - | 275,191 | 275,191 | 273,203 | |
| Restricted | Unrestricted | Totai | Total | ||
| 3. | INVESTMENT INCOME | Funds | Funds | 2025 | 2024 |
| £ | £ | £ | £ | ||
| BankInterestReceived | - | - | - | - |
- INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2025 | 2024 | |
| income | £ | £ | £ | £ |
| Workrite GCCSchools |
- - |
58,296 45,829 |
58,296 45,829 |
63,943 32,100 |
| Allotment Income | - | 1,903 | 1,903 | “ |
| Donations Pantry Other |
1,100 7,084 - |
- - 27,206 |
1,100 7,084 27,206 |
3,464 4,125 1,445 |
| Total | 8,184 | 133,234 | 141,418 | 105,077 |
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DRC YOUTH PROJECT (SCIO)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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|---|---|---|---|---|---|---|---|
|5.|DIRECT COSTS|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2025|2024|
|Raising|Funds|£|£|
|Group|Costs|-|47,196|47,196|47,591|
|Allotment|"|9,604|9,604|-|
|Total|Fund|Raising|-|56,800|56,800|47,591|
|Charitable|Expenditure|
|Activities|-|-|-|;|-|
|Advertising|-|232|232|-|
|Gross|Wages|-|241,883|241,883|230,870|
|Rent|&|Rates|6,000|52,478|58,478|48,322|
|Heat|&|Light|-|3,506|3,506|9,817|
|Travelling|109|3,583|3,692|1,337|
|Printing,|Postage|&|Stationery|323|5,925|6,248|8,746|
|ICT,|telephone &|software|-|-|-|-|
|Legal|&|Professional|Fees|89|5,742|§,831|2,900|
|Office|Machine|Maintenance|-|-|-|-|
|Repairs|and|Renewals|32|9,455|9,487|8,445|
|Cleaning|-|4,352|4,352|630|
|Bank|Charges|-|459|459|227|
|Loan|Interest|-|-|-|-|
|Depreciation|2,701|-|2,701|2,538|
|ICT,|Website|&|Subscriptions|35|217|252|7,667|
|Staff training|30|5,344|5,374|566|
|Insurance|-|4,185|4,185|1,505|
|Sundry Expenses|-|184|184|-|
|Total|Governance Costs|9,319|343,106|352,425|327,326|
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DRC YOUTH PROJECT (SCIO)
13
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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|---|---|---|---|---|---|---|---|
|8.|SURPLUS|FOR THE YEAR|
|2025|2024|
|This|is|stated|after charging:|£|£|
|Depreciation|of tangible|fixed|assets:|
|- owned|by the|charity|2,704|2,538|
|Independent|examination|fee|1,980|1,980|
|Pension|costs|-|-|
|2025|2024|
|Trustees|received|benefits|in|kind|amounting|to;|
|During|the|year the|trustees|received|reimbursement|of expenses|of;|
|9.|STAFF|COSTS|AND|KEY MANAGEMENT|PERSONNEL|
|Salaries|
|Social|Security|Costs|
|Pensions|
|10.|TRUSTEES'|RENUMERATION|
|2025|2024|
|£|£|
|Aggregate emoluments|(see|note|17)|-|-|
|11.|TANGIBLE|FIXED|ASSETS|
|Motor|
|Vehicles|2025|2024|
|£|£|£|
|Cost|
|As|at|1st April|2024|12,600|12,600|5,600|
|Additions|10,395|10,395|7,000|
|Surplus|on|revaluation|-|-|
|Disposals|-|-|:|
|As|at|31st March|2025|22,995|22,995|12,600|
|Depreciation|
|As|at|1st April|2024|4,988|4,988|2,450|
|Charge|for the year|2,701|2,701|2,538|
|Surplus|on|revaluation|-|-|
|On|disposals|-|-|-|
|As|at|34st March|2025|7,689|7,689|4,988|
|Net|book|value|
|As|at|31st|March|2025|15,306|15,306|7,612|
|As|at|ist April|2024|7,612|7,612|3,150|
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DRC YOUTH PROJECT (SCIO)
14
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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|---|---|---|---|---|---|---|---|---|---|
|12.|Debtors|2025|2024|
|£|£|
|Trade|debtors|-|1,500|
|Amounts|owed|by group|undertakings|and|
|undertakings|in|which|the|company|has|a|
|participating|interest|-|-|
|Other|debtors|-|—|
|-|1,500|
|Amounts|due|after more|than|one|year|included|above|:|-|
|13,|Creditors:|amounts|falling|due|within|one year|
|£|£|
|Bank|loans|and|overdrafts|-|-|
|Obligations under finance|lease and|hire|purchase|contracts|
|Trade|creditors|13,391|20,609|
|Other taxes and|social|security costs|6,513|-|
|Other|creditors|-|-|
|19,904|20,609|
|14.|Analysis of net assets between funds|Unrestricted|Restricted|Total|Total|
|Funds|Funds|2025|2024|
|Fixed|Assets|15,306|-|15,306|7,612|
|Current Assets|7,322|58,755|66,077|67,091|
|Current|Liabilities|(6,513)|(13,391)|(19,904)|(20,609)|
|Total|Net Assets|16,115|45,364|61,479|54,094|
|15.|Statement of funds|Brought|Incoming|Resources|Fund|
|forward|resources|expended|cifwd|
|Restricted funds|36,845|408,425|(399,906)|45,364|
|Unrestricted|17,249|8,185|(9,319)|16,115|
|Total|of funds|54,094|416,610|(409,225)|61,479|
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