REGISTERED CHARITY NUMBER: SC051582 r Youth Pro Accountants Plus (Hamllton) Ltd TIA Accounlants Plus Statutory Audltor Unit 1 Cadzow Park 82 Muir Street Hamimon ML3 6BJ
ar Youth Pro Pago Chairman's Report R8POrt of the Trustees 2 to 7 Report of the IrKlependent Audilors 8 10 11 statement of Flnanclal Activiti06 12 Balance Sheet 13 Cash Flow Statement 14 Notes to the Cash Flow Statement 15 Notes to the Flnandal Statements 16 to 26 Detailed Statement of Finandal Activities 27 to 28
Youth P scio AA f rth8Y rEn 2024 As chair UNS year again. l am happy to report thal have had a very successful year in t8rn18 of providing actmties and a safe spact for the young people of Bgar, in at has been a period of great change. l am satisfied ryth the progress being made With the major refurbishm8nt of our building in Bgar. and the exciting plans we are currenty making for the future of BYP. Our sessional workers d8s8Ne credit and praise for their enthusiastic efforts to provide a temporary space ft>r the young people, whilst our building is being refurbished. and for their efforts to keep In touch with the young people, and keep the community updated with our plans and progress. We are appreciative of the financial suprM)rt we have reIVed from the grants and donations, particularfy the main funders for our building refurblshment: The sth Lanarkshire Place Based Investment Programme, th8 SSE Clyde Windfann and Clyde Windfarm Extension Communlty Funds, th8 Nadara G18nk8rie Windfami Communty Fund. th8 Scottish Govemment Let's Do Net Zero Community Buildings FurKI. th8 National Lottery Awards for Al Community Fund and the G8rf18ld Weston F(ndati. We realise that this is 8 huge vote of confidence In our future a6 charity. The completion of the major refuffoishment will be a huge improvement on our facillty, and we plan to increase our service provisK)n. BYP is aiming to recrutt new part-time youth workers. lo increase the openlng hours, and extend the session avallablllty. Once the charty has settled back into the bUding. on completion of the r8furblshment at th8 end of 2024, it is hoped that the service wlll be gradually ramped up. Plans are to have th8 bullding open tlll 8pm weekday evenings, and polenllally at weekends and over the school Mldays as well. We believe that the beneth't our serrfices bring to the young people. and the cornmunty in BFggar and tha wider Ctydesdale area, improves the wellbeing of 8veryone in this area, and will give the young people more opportunity. vthilst they grow up in these parts of rural Clydesdale. W8 alm lo ensure our serrfice remains affordable to the young people in the BKJgar area. and especlally to those in the oUtIng and often overk)oked areas. In closlng. I would Ilke to thank our funders. our w)nderful sessional rkers. and of courso, all our young people th use wr fadlities. and ill continue to use our refurbished facilities, on completed. It's all aboul our young people. Please Tri81t our webslte atKI 80cial medla to find out more about all the ¥nderful work that we do Visit w•M.biggaryoulhproject.org.uk or email US Vla facebook, tiktok. Instagram. r get in t<)uch wllh Page 1
Youth P ect SCIO rt f th Truste for th Year Ended 30 June 2024 The trustees present their report with Ihe fanal statements of the Gharty for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charitlas: Statement of Recommended Practi applicable to charities preparing their accounts in acwrdanc8 With the Finan(ial Reporting Standard applicable in the UK and Republ of Ireland (FRS 102) (effective 1 January 2019). OBJEcnvES AND ACTivmES ObJectlves and alrns The governing document fcy 8YP 8tst6S that the organisation's purposes are: 1 Provision of recreational faciliiies, or the organisan of re(¥eational activltle8 2 Th6 advancement of •dueallon 3 The advancement of health 4 The 8dvan¢ement of cilizenship or Communty development 5 The advancement of the arts, herltage. ltUre and scien(x 6 The promotlon of 8quallty and dlverslty 7 Any other purposes that may reasonably be reg8rdod as analogou$ to any of the precedlng purposes. To further these purposes, BYP'S primary objective is to provide fadlltles and 8Ctlbllles for young people resident in Biggar and the surrounding area. Page 2
ary r th Year En 30 OBJECTIVES AND ACTivmES Slgnlficant actlvitios From the start of th8 new school term in August 2023. BYP wa5 open for lunchtimes and after school. right up unts'l the closure of the buiiding mKI-December 2023. The lunchtim8 droplns from Monday till Thursday (during Sch¢> terms) ensures that young people have acc8SS to freshly pr8pared lunches whh are served at very affordable prlces. All items. hot and cold, cost £1. This is Gheap8r than the meals available at Ihe high school canteen. and many of the takeaway nUeS in Biggar. Drlnks and confectionery ar8 also sold. Fresh fruit is available for free. BYP is also open after school until 6pm Monday till Thursday, and from 1.30pm till 6pm on Fridays, during school terms. Our after-school provision enables yDun9 people to stay in Biggar latèr, as a saf8 space. ere they can enjoy the facility, and have a snack, befor8 haading home for the evening. They can play pool, snooker. tabl8 t8nnl8, or use the computers to access Ih8ir homework, or for garnlng. BYP has a Project Lead who is based al our bullding in B gar, four days a week. We also have a part-time youth worker. as well as Iwo part-time kltch8n Catering leads, who take tums to manage Ihe kitthen and aN the food on offer at BYP. There are currently two volunteers to a6SiSt wtth lunthtime OP8nlngs, and after-school sessions. Thls is espgaally helpful when the facilty is at full capacity, usually at after-school sesslons, and especialty on Fridays. In December 2023. w8 organised ChrTStmas parties in our building, for our regular u8er8. whlch were well attended. We then cleared oul of the tIldIng. and the keys were handed over to the bullders for the malor refurbishm8nt of the building in January 2024. From February 2024 tlll the end of the school temi in June 2024. 8 YP managed to offer an after-school facllty In a local muslc ¢afé in the centre of Big9ar. on Fridays. BYP also rnan8d to run som8 transition sessions for Prlmary 7 pupils over th8 Easter tK)Ild8ys in 2024, in tha Gillespie Contre in Bigg8r. These sesslon8 are an opportunlty for those about to transition (from rural prlmary schools wlthin the Blgg8r High School catchment area) to Biggar High School, to get to know 80me of their future peers, as well as 8YP's sessronal workers and ¥dunt8ers. BYP i¥ al80 very Involved wlthin local communlty and relies on voluntary help. B YP has a Gommunity fiidge bvtlich Is used by tho young people, as well as people of all ages In the community. Anyone passing by Can pop into our building and help Ihemselv8S to free fo¢>a vthich rJ donated daily by the Coop supemiarkel in Biggar. vla thelr Food Share Inltlatlve. Thls Initiative means that BYP can provlde free toast to all Yn9 People at the after-school sesslons. whlch reduces the stigma on paying for ld. BYP$ pncing pollcy reflects our strategy of enabling all vAthln our community, whatever their means, to attond our sassions. and access free or affordable food. Volunteèrs The Iruslees are indebted to the SUPPOrt of those wlK> volunleeT for the <*8rity. Page 3
ryo scio Re ort of the Trustees for the Y8ar Ended 30 Jun8 2024 ACHIEVEMENT AND PERFORMANCE Charltable actlvltles Our lacility was well attended between July and December 2023. An average of 40 young people came in for lunthtime sessions. After school sessions were also well attended, wlth 25 young people mMIng In. and especlally busy on Frfdays. often r8achlng maximum pacitY. Between Fgbruary and June 2024, due to the ternporary venue being a lot smaller. there was an average of 10 kids dropping in on FridayB. After undertaking a feasibilty study to upgrade BYPS bulldlng. the Boarf agreed to embark on a full refurbishment of the building. The main objective of the refurbishment was to make the building warmer. incorporate more light into th8 building. and make it a more welcoming space. Ai thè tlme of reporting. the refurblshment of the bulkling is progressing well and on budget. The board and the Sessional workers managed to secure around £900,000 of grant fundlng. from Th8 South Lanarkshlre Plac8 Based Investment Programme, the SSE Clyde Windfarm and Clyd8 Wlndfarm Extension Communlty Funds, the Nadara Glenkerie Windfam Communty Fund, the Scottish Govemment Lefs t)0 Net Zero Communty Buikjings Fund. the National Lottery Awards lor All Community Fund and the G8rfield Weston Foundation. This grant funding was speclfically awarded to refurbish the building. in order to enhance the facility for the young people. The board are very grateful to all our funder3. Adding new Trustees has brought new ideas. energy and enthusiasm to BYP. As of 30 June 2024. BYP had added tm) new Trustees to Ihe board. each bringlng thali own pa1th of experience, lo enhance our efforts as a b08rd. to 8UPPOrt BYP through a year of thange and transltlon. Invo$lm•ni p•rforni•n¢• The primary measure of BYP'8 success is the number of young people engagin9 With our actkvlues each year, vthich is dependent on the days and hwrs that our fadllty can open ar+d the range of aGttvlti88 and 8UPPOrt on offer. FINANCIAL REview Inv•$tm•nt poll¢y and obJ•ctlv BYP aims lo balance keeping suffident oasily accossiblo funds wlth optimising 5rme from inter08t. BYP does not have large amounts to Invest so does not hold equity inv8stmenls, but from time to time receives grant payments and donations which are able to attract savings Interest. We set up a savings account in Mar 2024 to generate interest from upfront Payments granl payments. R¢serve$ poll The Charlty has a buslness plan whith ver$ 2024-2026, thls outllnes the estlmated runnlng costs for th8t perlod. BYP h8ve klentffled varlous Snario$ which cover diff8rent18vels of activity, which means that the activ.e9 Can be adjusted based on the amount of fundlng secured. We aim to hold 3 - 6 months running costs In reslrlcted and unrestricted reserves. As at 30th June 2024 the UnstrICted SerVeS were in a deficit. This was due to a retentions creditor for the ongoing refurbishments works. Should this not b8 taken into account. and we assume the usual course of operations. unrestricled r8S8rv85 would have been around £10,000. The board wlll cmtlnue Io 8Ctwty monitor unrestricted reseNes.
ect rEn June 2 FUTURE PLANS BYP plan5 to ramp up the servk¥ provision, once the chanty has settled back into the building, on comp18Uon of the r8furbishment at the end of 2024. BYP is aiming to recruit new part-time youth workers, to increase the opening hours. and extend the session availabillty. It is hoped that the Servi will b8 gradually rarnp8d up to tho point vther8 BYPS building will be open till 8pm weekday evenings. and potentially at weekends and over the school holidays as well. The board intend to keep a keen eyè on the pmgress of the building refurbishment and liaise cIos81y wtth the IlIders, and suppliws of fittings and fixtures. to ensure we hav8 a rSt-clasS facility for our young people, and our wider communlty. We Viill aim to continue to strengthen our links with the communty. by en8uring that we work dosely with Biggar Hlgh School. the Biggar Business Group, the C(>op in Biggar who bvill hopofully condnue lo provid8 the Food Share daily. in our new buildiTr3, and th the other community groups in Biggar and the surrounding area, to ensure that can offer all our yourvJ people tho best experience when vtslting our fadllty in Biggar. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng docum•nt Th8 thanty Is controlled by ts governing do(yJmenl and constitute8 a Scottish Charflable Incorpor8ted 0rgan1satk. BYP'S Constrtution (dated 28th June 2023} is the goveming docment that sets out BYPS purpo88. structure, and descrlbes how It operat6s. All Trustees we responslble for ensurlry that BYP complies %th the Conslitution. Organl$aUonal structur8 The toard of trustees administers the charty. The board nomialty m88ts every two months and there ar8 subroups cov8ring the building refurbishment, compliance. recrurtmenVHR, and fundraising, whlch nomally me8t monthly. B YP has a Projed Lead who Is based at our lyjilding in Blggar 4 days a week. a part-tlme youth vrker, a8 well as 2 part-time kitchen cateiing leads. l)o take turns to manage the kitchen and all the food on offer at BYP. The sessronal workers ar8 complemented by 2 volunteers. who help to supeprfise the lunchtime and after-sthool sesslons. This is especi811y helpful when the facillty is at full capacity, usualty 8t 8fter-8chool sessrons. and esp8oalty on Fridays. Induction and tralnlng of now trusto•8 Tru8le8s are appointed to provide the r8nge of sk41s required by the Board. Trustee recruftrnent Is C8rried out in line th our Board Recruitment Policy. ProsPtive Trustees may approach the board or the board rnay proactively re(¥uil new members 8tther by Inviting suitable peOe or advertlslng a vacancy. 1 Trustees are requlred to undergo Disdosure Scottand PVG checks. New Trustees ar8 provlded %bith an Induction pack containing our constitutFon, key policies and procedures and the latest annual account and reports. New Trustees are briefed on their responsibilities and are required lo undertake training <)n Charity GovemanGe. Page 5
ary hPro ect SCI rEn 30 June 2024 STrUCTURE, GOVERNANCE AND MANAGEMENT Rl$k managernent The trustees have a risk management strdtegy %thich compri5e5: 1. An annual r8TrA8w of Ihe principal rfsks 2nd uncetsinb'es that the charity faces 2. Th8 establishment of policies, s>stems and procedures to miligate those rlsks Identlllod in the annual review 3. The Implementation of procedures designed to minimts8 or manage any poiential impact on tho Ghartfy shoukl Ihose rlsks materHlise. Thls WDrk has Id8ntifl8d that finandal 8U8tainabllty Is th8 rnar finandal rlsk for both the charrty. Attention has also been focussed on non-financial rfsks arising from fire, health and safety and food hygiene. Th8S8 risks are managed by en6urir¥J accreditation is up to date. havlng robust policies and prcKedur88 in plac4, and regular awareness training for 8833ional worker8 Yffjrklng In Ihe88 operation818rea8. REFERENCE AND ADMINISTRATIVE DETAILS Roglstered Charlty Trum1 SC051582 Prlnclpal addrnss The Old Au¢tlon Rlng 12 Clydesdale Close, Blgg8r South Lanarf(shlre ML12 6GH Auditors Accountants Plus (Hamilton) Ltd TIA Accountants Plus ststutory Auditor Unit 1 Cadzow Park 82 Muir Slreel Hamilton ML3 68J Page 6
thP cio r Ended 30 J 2024 EVENTS SINCE THE END OF THE YEAR Infomation relatlng to 8V8nts sln¢e the end of the year is given in the noles to the financial statements. STATEMENT OF TRUSTEES. RESPONSIBILMES The trustees are responsible for preparlng the Annual ftept and the financlal statements in accordancè with applicable law and United KirKJdom Accountlng Standards (United Kingdom Generally Accepted Accounting Practlce). The law applic8bl8 to charltles in Scolland, the Charitss 8rNJ Trustee Investment (Scotland) Act 2005. Charitles Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charitys constrtution, requir8s the trustees to prepare financial statements for each financial year whi¢h give a true and fair view of the stale of affairs of the Gharity and of the in(x)ming re80urces and application of resources, includlng the income and expenditure. of the tharity for that pèrfod. In preparing Ih088 financial statements. trustees are requlred to select 8Uitable accountlng polldes arKI then apply them consistently; observe the methods and principl8s In the Charity SORP; make ludgem8nts and estimates that are reasonable and prudent; state whether appllcable accountlng standards have been followed. sublect to any materwl d&partures disclosed and explained in the financial ststements: Prepare the financial statements on th8 golng nCern basis Un83 it is inappropriate tc presume that the charity V11 continue in business. The trustees are responsible for k88plng proper accounting records which disclose with reasonable acixracy at any time th8 flnanci81 positi'on of the charity and to onabl8 them to ensure that the flnanci81 statements compty with tho Chanlies and Trust8e Investment (Scodand) Act 2005. th8 Charltles Accounls (Scotland) Regulations 2006 {88 amended) and the provisions of the charitys constitution. They are also responsible fr>r safeguarding the assets of the charlty and henc8 for taking reasonable steps for the prevention and detectlon of fraud and other Iiregularities. ApproNpd by order of the board of trustees on . behalf b and slgned on Its Pag8 7
ort of thè Inde Oplnion We have audited the finanaal stalements of Biggar Youth Project SCIO (the 'charW) for th8 year ended 30 June 2024 wthich comprise the Statement of Financial Adivtties, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, induding a summary of signtficant accounting poli¢ie8. The financial reporting framework that has been applied in Ihelr preparation is applicable law and United Kingdom AG¢ounts'ng Stsndards (United Kingdom Generally A(Lepted Accounting Practice). In opinlon the flnanoal ststements: give a true and fair view of the stste of the chani5ls affairs as at 30 June 2024 and of Its incomiro re80urces and applicalion of resources. for the year then ended; have been property prepared in accordance with Uruted Kingdom Generally Accepted Accounting Practice. and have been prepared in a¢¢ordar¢e with the wuirements of the Charities and Trustee Investment (Scotland) A¢1 2005 arKJ RegulatK¥1 8 of the ChaTities Accounts (Scollandl Regulations 2006. Ba$ls for oplnlon W8 conducted our aud* in a¢¢ordan¢e Imth Intematlonal Standards on Auditlng (UK) (ISAS (UK)) and applicable law. Our responsibllities under those standards are further des¢ribed in the Auditors. responsibilitie8 for the audit of the financial statements section of our report. We are Indepenéenl of the charity in accordance with the ethical requirements that ar8 r818vant to our audit of the financial statemenls in the UK. iUding Ihe FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordanc8 wlth these requlrements. We belleve that the audll evSden¢e we have obtained is sufficlent and appropriate provide a basis for our oplnlon. Materlal Unc•rtalnty r•lat•d to golng ¢LYbC0m We draw attention to Note 20 in the financial statements, whlth Indlc8tes that there 18 8 potential shortfall in unrestricted income for the next 12 months . Thls issue indicates that a materlal uncertalnty asts that may cast significant doubt on the charitl8 ability to contlnue 88 a going concem. Our oplnlon Is not modlfied In respect of thls matter. Oth•r Informatlon The trustees are re8pon6ible for th8 other information. The other infomiation comprises the Information Included in the Annu81 R8POrt, other than the financial ststefnents and our Report of the Independent Audftors thereon. Our oplnlon on the financlal stslements does nol cover the other Infonnatn and. except to th8 extent othepmse expllcltly stated In wr r8POrt. we do not express any form of assurance condush)n thereon. In connection wlh our audit of the financial statements. our responsibilty is to read the other informatlon and, in doing so, cA)nsider whether the other infomiation is materially inconsislenl wlth tho financial ststements or Iwr knobbledge obtsined in the audrt or otherbvise app8ars to be materially mlsstated. If we identify such material inconsistencies or apparent material rnisstatements. we are required to detemiine whelher this gives rise lo a material rnissialoment in the financial statements Ihemselves. If, based on the Work we have performed, ojnclude that there Is a matedal mlsstatement of thls other Information, are required to report that fact. We have nothing to report in this regard. Page 8
endent ecls the Tru ar uth Pro Matters on whlch w• arn requlred to report by oxceptlon We have nothing to report in respect of th8 follovkng matters where the Chariti8s Accounts (Scolland) Regulations 2006 rèquires us lo rewrt to you If. in our opinion: the Information given in the Report of the Twstees is inconsistent in any material r8sp8¢t wth the financial statements; or proper accounting rewds have not been kept; or the financial statements are not in agfeemenl with the accounting records and r8tums; or we have not recetved all the infomiatlon and explanations we require for our audiL Responslbllltles ot Irustees As explained more fully in the Stat8m8nt of Trust88s' ReS[SibIlitIeS. th8 trustees ara r88ponsibie for th8 pr8paratI of the financial statements whith grve a true and fair vi8w, and for such internal control as the SteeS detennine is necessary to onable the preparation of financial statements that are free from material misstatement, ther due to fraud or em)r. In preparfng the financial Statements, the trustees are responsible for assessing the tharlWs abllity lo continue as a golng concem. disc1051ng, as appficable. matters relaled to golng concem and uslng the going Goncem basis of accounling uniess the trust8es etther intend to liquidate the charity or to ceas8 operatK)ns, or h8V8 no reallstic attematiV8 but to do so. Page 9
Our responslbllSti8s for tho audit of the flnanclal slatsments We have been appoint8d as audltors under Section 4411)(¢) of the Charitios and Trustee Investment (Scotland) Act 2005 and report In accordance wlth the Acl and relevant regulations made or having effèct thar8under. Our objectives are to obtain reasonable assurance about whether Ihe financial ststements es a olé are free from material misstslement, whether due to fraud or error, and lo issue a Report of the Independent Audilors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit o)rKlucted in accordance with ISAS {UK) wlll always detÈet a material misstst8ment when it 8XiSts. Misstalemants can arise from fraud or error and are consider8d material rf, individually or in th8 aggregate. they Could reasonably be axpected to infiuence the 8conomi¢ decisions of users tsk8n on the basis of th8se financial statements. Irregularlti8s, In&dIng fraud, are instances of non4omplianco ryth laws and regulations. We d8son procedure3 in line with our responsibilities, oullined above. to deteGt material misstatements in réspect of irregularities, including fraud. The extent lo Ithich our PredureS are Capable of deleGting irregularltSes, includlng fraud Is detallod b81ow: The objectrves of our audlt are to fvjentlfy and assess the rfsks of mat8rtal mlsstatement of the financial statements due to fraud or error. to obtain suffK48nt appropriat8 audit evidence regardlry the assessed risks of malerlal mlsstatement due to fr8ud Of error,. and to respond appropriately to Iho88 risks. Th8 k8y factors impactlng the d8t8Ction of Irregularltles are the Inherent dlfflculty In detectlng Irregularltl8S. the effectiveness of the ¢ompanls Controls and tha nature. ts'ming and extent of th8 audit procedures perfofm8d. We note that 11 can be harder to delect Irregularits arising due to fraud as they may involve deliberate Goncealment or collusion. We focused on laws and regulations that could glve rlse to a materlal mlsstaternent ID the financial statements Including, but not limited to, Ihe Charltles counts (SGollandl Regulations 2006 (as amended). the Charities and Trustee Investment (Scolland) Act 2005 and significant regulations relating to th8 S8Ctor In bthich the company operates. Our procedures in relation to fraud and irregularities induded but were not limited lo: - Inquiries of management Ythether they have knowledge of any actual, suspected or allesed fraud. Gaining an understanding of the legal and regulatory framework through dlsujssion with management and identfying how the entity en3ures ccwnplianGe through a review of systems. Assessing the collective ability of the audit team to Identify or re¢ognize non-cofflpliance wlth laws and regulations. W8 Id8ntifled the folk>*lng as slgnificant laws and r8gulatlons for Ihls charity Health and Safety and Prolection of Vulnerable Groups Scheme. - Galning an understanding of the intem81 controls estsblithed to mrtyate risk rela lo fraud. Making an a8888sment of the 8US¢8Ptibilty of the Charitys finencial statements to materfal mi8slatem8nt. - Carrying out a review of accounling systems and prucedure and making an assessment on the effectlven8ss of Its control envlronment. Page 10
Inde ar Youth Pr ende itors to the T -Identifying the prinopal risks where fraud could tske place eg posting manual journal entrles to manlpulate financial performance. management bias through judg8ments and assumptions in significant accounting estimates and signffjicant onewoff or unusual trarbsaction. Dlscussion of these matters by Ihe audtt team. - Addressing the risk ol fraud through management ov8rrkl6 of controls by performing journal entry lesting. - Review of board minutes and relevant correspondence with regulators and legal 8(fvlsors. - Agreement of the fin8nLlal ststement dlsdosure5 to undetyru supporting documentation Th8 prlmary responsibilty for the prevenllon and detection of Irregularilies including fraud rests wlth l)olh th088 charged with governance arnl management. Owing to th8 Inherent limitations of an audit, there Ss an unavoKlable risk that material misststements in the financial statements may not be detected. even thwgh the audrt Is properly planned and perfornd in aCrdanCe wtth the ISAS (UK). In particular. the mor8 r8rn0vod from the financlal transactions, th8 18$$ likely it 1$ that we IUkI become awaro of nonvcompll8n¢• wllh laws and regulatlon$. As 8 rosult of our pro¢eduro$. we did not idenlify any key audit matters relatlng to irregularltles. A further descriptlon of our re8ponslb116tles for the audrt of the financbal statements is bcated on the Flnanci81 Reporting CourKil's lIe at W4Yw.frc.trg.uklauditorsr8swmslbiliUes. This descrfptlon fom)s part of our Report of the Independent Audritys. Use of our rnport This report is made solely to the charitys trustees, as a body. in accordance with Regulation 10 of the Charrtles Accounts (Scotland) Regulats'ons 201%. Our audit work has been undertaken 80 that we might state to the charty's trustees those matters we are required to state to them in an audrtors, report and for no other purpose. To the fullest extent pennltted by law. we do not accept or assume responsibilty to anYe other than the Gharity and the dri5 trustees as a l)ody, for our audit work. fof this rep¢)rt. or for the opinions we have formed. Accountants Plus (Hamitton) Ltd TIA Accountsnts Plus Statutory Auditor Unit 1 Cadzow Park 82 Muir Street Hamilton ML3 68J Date: .. Page11
tatem nl of Fin rdlA for the Year Ended 30 June 2024 30.6.24 Total funds 30.6.23 Total funds as reststed Unrestrided Restrict8d funds funds Not8S INCOME AND ENDOWMENTS FROPA Donations and legacies 704 706 5,106 Charitabl• a¢tivltl•s Charilable Actiwties 10,187 661,742 671,929 75,743 Other trading activth'es Investment income 4.581 993 4.581 993 6,085 Total 16.465 661,744 678,209 86,934 EXPENDITURE OM Charltable actlvltles Charilable Aclivtties 15.809 110,906 126,715 96.165 NEf INCOMEI(EXPENDITURE) Tran8forg botweon fund• 656 {11.633) $50,838 11,633 551,494 (9,231) 15 Net movoment In fund* (10,97n 562,471 551.494 (9.231) RECONCILIATION OF FUNDS Total funds brought forward As pr8viously reported Prior year adjustment 14,703 (4,396) 108.559 4,396 123,262 132.493 10 AS restated 10.307 112.955 123.262 132.493 TOTAL FUNDS CARRIED FORWARD <670) 675,426 674.756 123,262 The notes form part of these fnanoal statements Page 12
ary ect SCIO 30.6.24 Total funds 30.6.23 Total funds as restated Unr8stn¢ted Restrtcted fvr)d6 funds Notes FIXED ASSETS Tangible assets 11 353.064 353. 120.0 CURRENT ASSETS Debtors Cash at bank 12 153,487 353,052 153,488 363,063 10,011 10,642 10,012 506.539 516.551 10,642 CREDITORS Amounts falling due %h1n one year 13 {10.680) (184,179) (194.859) (7.380) NEf CURRENT ASSETSI(UABILrnES) (6681 322,360 321.692 3,262 TOTAL ASSET8 LESS CURRENT LIABILITIES (668) 675,424 674,756 123,262 NET ASSETS {668) 675,424 674,756 123,262 FUNDS Unre81ricte(I funds Restrlcted funds 15 1668) 675,424 10,307 112,955 TOTAL FUNDS 674,756 123,262 The financial ststements were approved by the Board of Trustees and authorised for Issue on ..2.7.-M 20&S... and were signed on Its behalf by.. The notes forni of these financial statements Page 13
un 2024 30.6.24 30.6.23 as restated Notes Cash flows from operallng a¢tlvltl•• Cash generated from operations 524.505 (9.231) Net cash provided byl(used in) op8rating 8¢tivities 524,505 (9.231) Cash fl•)ws from Investlng actlvltles Purchase of tangible fixed assets Interesl r8tslved (291.698) 993 Net cash {u$8d inllprowded by investiry acllvltles (290.705) Change In Gash and cash equlvalents In tho rnportlng perlod Cash and cash aqufvalonts at thè boglnnlng of th• r•portlng p•rlod 2 233,800 (9,231) 3,262 12,493 Cash and cash •qulvalonts at tho ènd of the r•portlng p•riod 237,062 3,262 The notes form part of these financial ststements Pag8 14
toth RECONCIUATION OF NET INCOMEI(EXPENDITURE) TO NEf CH FLOW FROM OPERATING ACTMTIES 30.6.24 30.6.23 as reststed Net Incom(8xPend1tUre} for th• r•porting p•rlod {a* por the Statemenl of Flnanclal A¢tlvllle•) Adjustments for: Depreciatn charges Interest received Increase in debtors Increase in credltors 551,494 (9,231) 58,634 1993) (153,488) 68,858 Net cash provld•d byl(used In) 0ratIOnS 524.505 {9,231) ANALYSIS OF CASH AND CASH EQUIVALENTS 30.6.24 30.6.23 as restated Notice deposits {less than 3 months) Overdrafts included In bank loans and overdrafts falllng due t14lthln one y68r 363.063 10,642 (126.001) (7,380} Total cash and ¢a8h equlvafents 237,062 3.262 ANAL YSIS OF CHANGE3 IN NEf FUNDS At 1.7.23 Cash flow At 30.6.24 Not cash Cash at bank Bank overdraft 10,642 352,421 363,063 (7,380) (118.621) (126.001) 3.262 233,800 237,(2 Total 3,262 233,800 237.062 The noles fomi part of Ihese fInar1 statements Page 15
ar Youth P t th Fin une 2024 ACCOUNTING POUCIES Basis of preparing th• financial statements The financial slatements of the charity, wthich is a publlc benefft entity under FRS 102, have been prepared in accordance with the Cha¥itie3 SORP {FRS 102) 'Accounting and Reporting by Charities.. Slatem8nt of Recommended Pradice applicable to charities preparing their accounls in accoTdanGe wilh Ihe Financial Reporting Standard applicab18 in th8 UK and Republlc of Ireland {FRS 102) (effective 1 January 2019)., Financial Rep)rting Standard 102 The Flnandal Reporllng Standard applicable in the UK and Republic of Ireland. and th8 Charrbes and Trustee Investmenl {Scottand) Act 2005. The fmancial statements have been prepared under the historical cost convents'on. Incom• All inu)me is reo)gnrsed in th8 Statement of Flnan¢ial Adiyities once the charity has enlitlemenl to the furKls. it is probable that th8 Incorne *lll be recelved and the amount can be measured rellably. ExndItuT0 Liabilf(ies are recognised as 8xpendlture as soon 8s there Is a legal or constructive obligation committing the charity to that expondrture, it [8 probable that a transfer of economlc benefits 11 be requlred In setU8ment and the amount of the obligat#?n can be measured r8liably. Expenditure is accounteil for on an accruals basis and has been classified under headings that aggregate all c¢)st related to the category. Where costs cannot b8 directty attrlbuted to partlcJJlar headkngs IFY have been allocaled to 8CtMtl8s on a basls conslslent wmh the use of resources. Tanglbl• flx•d a•$•ts Depreciation is provided at Iho folknwng annual r8te8 in Lyder to %lte off each a&8et over Its estimated useful lrfe. Freehold property 2% on cost Taxallon The charity is exempt from tax on its charitable activrties. Fund accountiftg Unrestrlcted funds can be used in accordance with the charitable obieGtives at the discretlon of the trustees. Restrlcted funds can only be used f partlcJJlar festrlcted purposes wrthin the objects of the charity. Restrictions arise specffied ty the donor or when funtjs are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund 18 included in the notes to the financial statements. Page 16 contlnued...
Not the Fin statem DONATIONS AND LEGACIES 30.6.24 30.6.23 as restated Donations Subscriptions 551 155 5.106 5.106 OTHER TRADING ACTMTIES 30.624 30.6.23 restated Saf88 H811 Hlre 4.325 256 6.085 4,581 6,085 INVESTMENT INCOME 30.8.24 30.6.23 as reststed Depo8lt acoyjnt Interest 993 INCOME FROM CHARITABLE ACTMTIES 30.6.24 30.6.23 as rastated Actlvtty Ch8ritsble Acttvltses Grants 671,929 75.743 Grants receNed, induded in th8 above, are as follows.. 30.6.24 30,6.23 as restated Restricted Grants Unrestricted 661,921 10,008 75,743 671.929 75.743 Pa9e 17 continued...
ar scio Financial Statements - continued for the Year En 24 CHARITABLE ACTMTIES COSTS Support costs (see nole 7) Direct Costs Totals Charitable Activities 114.385 12,330 126.715 SUPPORT COSTS Governance costs Charitable Actlvlues 12,330 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other benefits for the yoar ended 30 Juno 2024 nor for tho year ended 30 June 2023. Tru•l••s' •xp•nso* Thefe no trustees. exp&nses pald for the year ended 30 June 2024 nor for th8 y88r ended 30 June 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restrict8d funds fund8 Totsl funds as restatod INCOME AND ENDOWMENTS FROM Donations arKI18gad8S 5,106 5,106 Charltablo actlvltlos Charltable Actlvltles 749 74,994 75.743 Other tradlng activiti'os 6.085 6.085 Total 11.940 74,994 86.934 EXPENDfTURE ON Charitable actlvltles Charitable ActiVitS 2.714 93.451 96,165 NET INCOMEI(EXPENDrruRE) Trnnsf•rs b•twoon funds 9,226 (4,395) (18,457) 4.395 (9,231) N•t mov•m•nt in funds 4.831 (14,062) (9.231) RECONCILIATION OF FUNDS Total fijnds brought forward 5,476 127.017 132,493 Page 18 ¢ontinued...
N t lo the Fina COMPARATIVES FOR THE STATEMEpif OF FINANCIAL ACTivmES . contlnued Unrestricted R6slrfcted ToLql funds funds funds as r8Stated TOTAL FUNDS CARRIED FORWARD 10.307 112,955 123,262 10. PRIOR YEAR ADJUSTMEKT A prior year adjustment has b88n made to reallocate £4.396 of experKliture from restricted to unrastrlctsd funds. 11. TANGIBLE FIXED ASSETS Freehold property COST OR VALUATION Al 1 July 2023 Addltions 120,000 291,698 At 30 Juno 2024 411,698 DEPRECIATION Charge for y88r 58.634 NET BOOK VALUE At 30 June 2024 353,064 At 30 Jun8 2023 120,000 Cost or valuation at 30 June 2024 Is represented by: Fr88hold property Valuallon in 2022 Cosl 120,000 291.698 411,698 Page 19 continuwj...
t SCIO Not s to the Financial Ststernents- contin f rth Y rE 12. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 30.6.24 30.6.23 as restated Accrued Income 153,488 13. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 30.6.24 30.6.23 as reststed 8ank loans and overdrafts (see note 14) Ac¢rued expenses 126.001 68,858 7.380 194.859 7.380 14. LOANS An anal$ of the maturity of bans is given befv)w: 30.6.24 30.6.23 8$ restated Amounts falllng due wllhin one year demand.. Bank overdrafts 126,001 7,380 Page 20 Continued...
Not to the Fi ial Stat 15. MOVEMENT IN FUNDS Prior year At 1.7.23 adiustrnenl Net movem8nl in funds Transfers At 30.6.24 funds Unr•slrlct•d funds General fvnd 14,703 {4.396) 658 (11,633) {668) Rutrl¢l•d funds Feasibilty Study South Lan8rkshlre Council Robertson Trust Hubbub Grant8 Fixed Asset Reserve RBS Regenerate Fund South Lenarkshl Place Based Investment Programmo Ctyde Clyde Ext Glenkerie Let's do net Zero Awards for all Garfield Weston Foundallon R8valuation Reserrfe {7.373) 6,588 785 (43) (324) (130) 43 324 11 4.061 119 (4.068) (8.234) 291.698 283.464 (600) 224,648 177,309 138.984 10,(X)O 6,831 20,000 (224.657) (47.222) (1,7081 (9) 130.087 137,276 10.000 (6,8311 20,000 22,606 (50,400) 22,606 69.600 120,000 108,559 4,396 550,836 11,833 675.424 TOTAL FUNDS 123,262 551.494 674,756 Pag8 21 ¢ontinued...
Finan(ial ntinu 1& MOVEMENT IN FUND3- ¢ontlnu8d Net movement in funds, induded in the atove are as follows: Incoming Resources Movement resources expended In funds Unrnstrfcted funds General fund 16,466 (15,808) 658 R¢slrf¢ted funds Feasibility Study Loaningdale Trust South Lanarkshire Council Rob8rtson Trust Hubbub Grants Fixed Asset Reserve RBS Regonerate Fund South Lan8rkshire Place 88S8d Investment Progr8mme Clyde Clyde Ext Glenkèrfe Let's do nel zero Awards for all Garfteld Weston Foundats"on Revaluation ReseNe 28.619 4.620 (22,031} (4,620) (523) (9,123) (891) 6.588 (43) <3241 (1301 8,799 761 (8,2341 (8,234) 3,000 3,000 224,648 185.000 138.984 10,000 6,831 20.000 30.000 224,648 177,309 138.984 10,000 6.831 20,000 (7,394) 22,606 (50,400) (50,400) (7,6911 661,743 (110,907) 550.836 TOTAL FUNDS 678,209 (126,715) 551,494 Page 22 contlnued...
Noles the Finan 24 15. MOVEMENT IN FUNDS - continued Comparatlves for movement In funds Net Transfers movement between in funds funds At 30.6.23 At 1.7.22 Unrestrlctod funds General fund 5.476 9,226 (4,395) 10,307 Re81rlcted fvnds Feasibility Study Robertson Trust Hubbub Grants Revalualion Reseprfe (7.372) (7,372) 324 11 (81 120.000 324 7.017 120.000 {11.085) 4.060 127,017 {18,457) 4,395 112,955 TOTAL FUNDS 132,493 (9,2311 123,262 Comparative net movement in furKls. includ1 In lh8 above ar8 as folkws: Incoming Rosourc88 Movement resources expended in funds Unr•8tr5cted funds General fund 11.940 (2,714) 9,226 R•8trlded fund• Feasibility Study Grants 52,439 22,555 <59,811) (33,640) (7,372) (11,085) 74.994 (93,451) {18,457) TOTAL FUNDS 86,934 (96.165) (9,231) Page 23 continued,..
Notes to th8 Financial Statements - contin 1& MOVEMEKf IN FUNDS - contlnugd R¢sIr1¢t Fund* r•lat•d to th• r•furbishment of tho bulldlngi Including thg leIbIlIty Study: Clyd8 Fund - Thls fund Indudes both eAtNtal arKI revenue funding, administered by South Lanarkshire council and funded by SSE through Ihe communrty benafft programme from the Clyde Windfami. This fund was us8d to pay for part of th8 rofijrbishment ¢osts relab'ng to the building durirKd Ihe year. such as the building contractor, architect, structural engineers, quantty surveyors and professional design fe8s. The revenue portK>n of this funding was us8d to pay for some of th8 costs relatlng to sesslonal workers and venuo hlre during the period of the refvrbi8hment works. Clydo Extenslon - Also funded by SSE Ihrough the communty bengfil programme from the Clyde Windfarm To fund renovation and energy efficiency works and improved space utilisation and progress towards not zero carbon eMisSns. RBS R•g•n•ral• Fund - This fund was ayrdrded for the bull ding project In general, and was used to cover desi9n fees in the earty stages and following the year end. the balance was used as match funding for part Payment of building worf($. South Lanarkshlr• Pl•¢• Bamd Inv•$tm•nt Capitsi Gr•nt Fund . This fund was awarded by South L8narkshire Council the council's allocation from th8 Scottish Gov8mment'$ 5 Year, £SOm Tovm Centre Fund in order to create 'transformaticKTr chan9e" within local town centres. These funds have been used for the refurbi8hment of the buldlng, Including builder and professional fees. Foundatlon Scotland - Glenkerfe- To conldbute to the 1))sts of a comprehonsiva r8furbishment of Biggar Youth Proj8Ct's premls8s, Improvlng ihe energy effl¢len¢y of thg building to CLrt heating tX8ts, reduce greenhouse gas emi8sM)n8 Improve intemal layout of facilities. Let's Do Nel Z•ro (LDNZI (Local Energy Scotland) - Th8 Scottish Governmenvs Communty and Renewable Eneigy Stheme (CARESI supports communities to engage wlth. particlpate In and b8n8fft from the 8n8rgy Iransttlon to net zero emlssions. This has and wlll b8 used to cover part of the costs for energy efficient iterns for the bulldlng, including heat pump. PV panèls, bft and Ceiling insulalon and assockqted costs. Awards for All (Natlonal Lottsry) - Thls fund VAII be used for kitchen fixtures and fittings during the refurbishmont. Garfleld Weston Foundation - This fund has been re1Ved for use as rnatch funding, arKI for the bulldlng proJ8ct kn general. South Lanarkshlro Placo Basod Inv•stmont Programmg Foaslblllty Grants This funding vS awarded in 2022 and cov8r8d professional fees assoclated wlth fe8sibility and design wwk for the building proj8¢t up lo the 8tart of building w)rk January 2024. Other restrlctod funds: Page 24 continued...
sloth ancial 24 15. MOVEMENT IN FUNDS- ¢onlinued Loanlngdale School - Funds re(%iv8d for stsffing of a chlld (xxJnsellirvJ project - Kudos, unfortunately Ihis did not take place due to the closure of the buildirvJ. BYP have asked Loaningdale school for pemiissk)n to use thls grant for sessional workerJ for general running costs. SLC Surnmer Hollday Enhancod Provlslon This grant furKling step-actlvlties for P7 wpils movirKJ into S1 during summer Z)23. Rob•rtson Trusl - Awarded for o)sts relatirvJ to the Project Coordinator. Hubbub - A small grant was awarded to support the wmmunty frfdge arKI run a Halloween Pumpkin Day aimed al reducSng food waste. 16. CAprrAL COMMIThIENTS The charlty has a Capital commftment of £519.571 at the year end. Thi8 relat8s lo the construction work on the building. Grant funding has been awarded to Gover theses construction costs. 17. RELATED PARTY DISCLOSURES During the yèar the tharlty received a 108n of £9.000 from Janel Moxl8y (Trust88), this loan was repakl %%ithin 2 weeks of being recetved and no interest was chargod. 18. POST BALANCE SHEEf EVENTS Subsequent to the year end. the trustees identsfied thal some of the rnfurblslynent costs were lor energy saving materials whrh could be chargèd at 0% VAT. Tho suppll8r has been asked lo amended the invoices vthlth had been thJlnally charged at 20% VAT and is8u8 a refund for payments made. A8 these (xjsts were grant funded, some of thls refund would requlre to be r8paSd to the grant funders. The amounts Involved cannot presently be quanOfknd. 19. PRIOR YEAR ACCOUNTS The accounts for the year ended 30th June 2023 re prep8rgd on the receipts and payments basls arKI were unaudlled. Th8 property was valued in 2022 at £120,000 and has be8n introduced Into the accounts at th8t value. This was previously recorded as a note to the 8¢¢(nts. Had the acunt$ been prepared ¢)n an a¢GTuals basis n pri)r years, the propety would have been deprerAated. In order to adjust for this. d8pre¢lation of £50,400 has been charged agalr the property value in the current year. Page 25 cononued...
Notes to th8 Finan f th Y rEn 20. MATERIAL UNCERTAINff RELATED TO GOING CONCERN The trustees have Identified that minimum running costs of £48,000 are required for the year ahead, and they are working hard to secure the grant funding required lo cover these costs. However. the charity has not currently 8eaJred sufficient fundirvJ to meet the expected costs for the full year. The tteeS conlinu8 to kjentlfy opportunltles for funding 8fKY have applications at various stages. Th8 charity will find cxrt rf they have been Su$$fUl in securing around £35,000 of funding within the noxt few weeks. £20.000 of this funding has begn recommended for approval, however approval by the panel is not certain at this date.. If successful. 2 of the funding sources are for a period of 3 years (£15.0000 per year). The trustees are confident that non*rant income is comfortably on track at the moment. and hope to increase income where possib18 by making use of the glft ald sm811 donatlons scheme. Non-grant Income Is proie(a8d to be in tha region of £16,000. before gfft aid claiw or any profit from food sales. At thls tlme £2,600 of unr8strlcted funding has been 88cured for 2025126, as w811 as a further £5.340 of restricted funding. Th8 trust88s are commltted to ralsing local awareness of Ihe Charity and are proactively organising an open day for young people, kKal businesses and potential funders to attend. Whlle the trustees consldef Iha th8rlty to b8 8 golng conc8m. they accept that there 18 material uncertainty in relation to future running costs. Page 26
'led Stat ntofF 30.6.24 30.6.23 as restated INCOME AND ENDOWMENTS Dorbations and l•ga¢l•s Donations Sub8CriPtions 551 155 5,106 706 5,106 Other tradlng actlvltles Sales Hall Hirn 4.325 256 6,085 4,581 6.085 Inv•$tment in¢ome Dewsit account interest 993 Charltabl• actMtIo8 Grants 671,929 75,743 Total inGoming resour9 678.209 86,934 ExPENDVRE Charltabl• actlvitl•• Insur8n¢e Llght and heat Telephone Sessional Workers Sundrles Cost of sales Refurbishment Waste Cotlection Licenses and Pemits Staff Training Feasibillty Sludy Subscriptions Depr8cialion of tanglble fix8d ass8ts 1,883 1.901 $80 22,758 69 33.640 2.714 5.502 509 20 478 22,031 20 58.634 59,811 114.385 96.165 Support ¢08ts Thls page does not form part ol the statutory financial statements Page 27
Financial une 2024 iti 30.6.24 30.6.23 as restated Support costs Governance costs Auditors. remun8ration 12,330 Totsl resources expended 126,715 96.165 Net incomel(axpondlture) 551.494 (9.231 } This page doas not forni part of thè statut(ry finan(aal statem8nt8 Pag8 28