REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
GIRVAN YOUTH TRUST |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
GIRVAN YOUTH TRUST |
GIRVAN YOUTH TRUST |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Report of the Trustees | 1 | to | 5 |
Independent Examiner's Report | 6 |
Statement of Financial Activities | 7 |
Balance Sheet | 8 | to | 9 |
Notes to the Financial Statements | 10 | to | 19 |
GIRVAN YOUTH TRUST (REGISTERED NUMBER: SC202628) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
Mission Statement |
To provide services and activities that develop young people as individuals and members of society. |
Objectives and aims |
Being a voluntary community led initiative, with charitable status, the main aim of Girvan Youth Trust is to enhance the quality of life for all local young people in Girvan and the surrounding rural district. The Trust provides mainstream diversionary, social and recreational opportunities and activities for young people aged 12 to 25 years of age, within and outwith the Z1 Youth Bar, our multi-functional, dedicated youth facility. We are heavily focussed on the development and well-being of young people, helping them to develop and enhance their individual and collective social skills and thereby realise their full potential. Our whole working ethos is founded on youth empowerment with the needs of the young people being at the heart of our project. |
GIRVAN YOUTH TRUST (REGISTERED NUMBER: SC202628) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
ACHIEVEMENT AND PERFORMANCE |
Charitable activities |
As the Board of Trustees, we are delighted to present our annual report for 2023/2024. This year has been marked by substantial progress and achievement for Girvan Youth Trust (GYT). Our dedicated efforts to expand youth work, enhance community engagement, and advance towards self-sustainability have yielded significant results. Here, we share the highlights of our work and its impact on the community. |
Expansion of Youth Work Capacity |
This year, we successfully expanded our youth work capacity by employing six additional Casual Youth Workers. This strategic move has allowed us to broaden our program offerings and reach more young people in Girvan. By providing our staff the freedom to run short pilot programs, we have introduced several new initiatives, including BMX Intro Sessions, Books & Biscuits, and a Boys' Group. These pilots have shown promising results and are candidates for inclusion in our main program. |
Youth Work in Schools |
Our Youth Work team have worked with Girvan Academy for over 20 years and in that time, the partnership with the school and the staff has grown and developed considerably. Our growing staff team are well known faces with both pupils and staff through our delivery of various sessions for pupils in S1 through to S6 in areas including Health and Wellbeing, Junior and Senior Transition, Work Readiness, Community Volunteering and Emerging Issues. Our staff team brings a diverse set of skills which enable us to offer youth work in school using a whole school approach as well as offering a more tailored and targeted approach for those who may need it in the way of 1-1 and small group sessions. |
In 2023/2024, Girvan Academy invested in our team to offer an extended Youth Work in School programme, funded by their Pupil Equity Fund (PEF). Youth Work staff attend regular focus group and strategy group meetings and in doing so, work together with school staff and other key partners to offer young people the tailored support they need to learn, develop skills and recognise and achieve their potential. This investment in our time and expertise has allowed our team to offer personalised support as and when needed for pupils who may be facing barriers to attainment and achievement. |
Volunteer Programme |
Girvan Youth Trust currently have 82 volunteers registered who support our local youth work services and social enterprises. Volunteer roles include Trustees, Charity Shop Assistants, Bar Volunteers, Youth Work Volunteers and Community Volunteers. Between April 2023 and March 2024, Volunteers contributed 4,417 hours of their time, bringing with them a diverse set of valuable skills and experience. In 2023, Girvan Youth Trust secured funding to employ a Volunteer Development Worker who has created systems to log and track volunteer hours and progress and recognised their achievements through awards such as Saltire Awards, SAVA Awards and Dynamic Youth Awards. To date, the Volunteer Development Worker has recruited and supported 32 new volunteers into their roles and is looking to work with other local community organisations to create a volunteer network for Girvan and South Carrick and to renew Girvan Youth Trust's Volunteer Friendly status. |
Community Engagement and Events |
Our commitment to community engagement remains strong. We organised another successful Christmas Dinner, feeding over 70 young people, each of whom also received a Christmas gift. Additionally, we hosted our first-ever Modern Thinking Day at Girvan Academy, targeting S3 pupils. This event featured workshops on Positive Masculinity, Gender-Based Violence, and Media Stereotypes, facilitated by No Knives, Better Lives, Children & Young Person's Centre for Justice, and South Ayrshire Women's Aid. |
We also revived Girvan's Annual Summer Cup in partnership with Girvan Youth FC, Girvan & District Attractions, and Community Safety. Moreover, we developed the Ballantrae Youth Club in collaboration with Ballantrae Community Council, further extending our reach and impact. |
GIRVAN YOUTH TRUST (REGISTERED NUMBER: SC202628) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
Celebrating Milestones |
This year marked two significant anniversaries for GYT: 30 years of local youth work and 15 years of the Z1 Youth Bar. These milestones highlight our long-term commitment to supporting the youth in our community. |
Sustainability and Financial Health |
We are pleased with GYT's ongoing progress towards self-sustainability. Our charity shop has continued to thrive, generating a profit that contributes toward our overall running costs. This success enables us to offer a broader range of employability and training opportunities for our adult and young volunteers. This year, we supported Invergarven and Girvan Academy seniors with their volunteer awards and customer service qualifications. |
Partnerships and Employability Programs |
Securing an ongoing Service Level Agreement with South Ayrshire Council to fund Girvan Boating Pond has been a significant achievement. This grant supports our employability program, allowing us to employ 20 young people from April to September on a rolling three-year basis. Girvan Boating Pond, a unique tourist attraction, provides excellent training and employment opportunities, with a 100% success rate in moving young people into positive destinations in education, training, or work. |
Facility Utilisation and Community Events |
Our Z1 building continues to be a hub of activity, hosting events by NHS, South Ayrshire Council, and NEST Ayrshire. Positive feedback on our modern facilities and accessibility is a testament to our ongoing efforts to provide a welcoming environment. |
GYT's presence in the local community is well-established through various events, such as the Christmas Fayre, community bingo, panto, and free family trips. These events not only offer enjoyment but also introduce more people to our facilities, leading to increased private hire bookings. The Music on the Prom (MOTP) remains Ayrshire's premier free music event, attracting up to 600 visitors weekly during the summer and boasting an online following of over 30,000. |
Future Plans |
Looking ahead to 2024, we plan to upgrade our bathroom and garden areas at the Z1 Youth Bar to further improve on our disability-friendly and inclusivity standards. These improvements, currently in the planning stages, represent the final phase of our building renovations initiated in 2020. |
Project Search and Team Activities |
Project Search continues to thrive, with five interns from last year securing employment and nine new interns joining this year's cohort. The progress of these young individuals is incredibly rewarding. Our various trips, including Christmas shopping and activities like bowling and laser tag, have provided fun and bonding experiences for our young people. Whole team activities, such as the Halloween walk-through and Christmas dinner, foster team spirit and camaraderie among staff and participants alike. |
In conclusion, the Board of Trustees is proud of GYT's achievements in 2023/2024. Our strategic initiatives have enhanced our capacity to serve the community, fostered youth development, and strengthened our financial health. We remain committed to our mission and look forward to another year of growth and success. |
FINANCIAL REVIEW |
Reserves policy |
As at 31 March 2024, unrestricted funds amounted to £219,011, restricted funds were £460,627. The aim of the company is to maintain reserves sufficient to meet its future obligations. |
GIRVAN YOUTH TRUST (REGISTERED NUMBER: SC202628) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
FINANCIAL REVIEW |
Review of Financial Statements |
The financial statements are set out on pages 7 to 19. |
The Statement of Financial Activities for the period shows total income of £447,495 and total expenditure of £470,884 which results in net deficit of £23,389. Of this, net expenditure of £72,972 was attributable to restricted projects and net income of £49,583 was attributable to general reserves which now stand at £219,011. |
Changes in fixed assets are detailed in note 12 to the financial statements. |
FUTURE PLANS |
We will continue to provide support to the young people of Girvan and the surrounding areas through our ongoing projects and new opportunities that we explore. We will also continue to work closely with other local charities and community groups to enhance the quality of life for all local young people and to ensure that all our initiatives and services continue to provide a safe and fun environment in which young people can develop and enhance their lifelong learning |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new Trustees |
New directors are put forward by the members of the company for election.The trustees meet frequently to hear of progress on activities and take decisions as necessary and appropriate. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
GIRVAN YOUTH TRUST (REGISTERED NUMBER: SC202628) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
Alistair Campbell FCCA |
Galbraith Pritchards |
Chartered Accountants |
20 Barns Street |
Ayr |
Ayrshire |
KA7 1XA |
Bankers |
Ayr |
KA7 1QP |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
GIRVAN YOUTH TRUST |
I report on the accounts for the year ended 31 March 2024 set out on pages seven to nineteen. |
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 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. |
Basis of the independent examiner's report |
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. |
Independent examiner's statement |
In connection with my examination, no matter has come to my attention : |
(1) | which gives me reasonable cause to believe that, in any material respect, the requirements |
- | to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and |
- | to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts 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. |
Alistair Campbell FCCA |
The Association of Chartered Certified Accountants |
Galbraith Pritchards |
Chartered Accountants |
20 Barns Street |
Ayr |
Ayrshire |
KA7 1XA |
22 August 2024 |
GIRVAN YOUTH TRUST |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31 MARCH 2024 |
31/3/24 | 31/3/23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities |
Other trading activities | 3 |
Investment income | 4 |
Total |
EXPENDITURE ON |
Charitable activities | 5 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 703,027 |
GIRVAN YOUTH TRUST (REGISTERED NUMBER: SC202628) |
BALANCE SHEET |
31 MARCH 2024 |
31/3/24 | 31/3/23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 12 |
CURRENT ASSETS |
Stocks | 13 |
Debtors | 14 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 15 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 16 |
Unrestricted funds | 169,428 |
Restricted funds | 533,599 |
TOTAL FUNDS | 703,027 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
GIRVAN YOUTH TRUST (REGISTERED NUMBER: SC202628) |
BALANCE SHEET - continued |
31 MARCH 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
GIRVAN YOUTH TRUST |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The Trustees consider that there are no material uncertainties about the company's ability to continue as a going concern. |
Critical accounting judgements and key sources of estimation uncertainty |
In the application of the company's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Charitable activities |
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. |
Governance costs |
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity including the scrutiny costs and costs linked to the strategic management of the charity. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property - 4% on cost |
Equipment - 25% on reducing balance |
Motor Vehicles - 25% on reducing balance |
Individual fixed assets costing £500 or more are capitalised at cost. |
GIRVAN YOUTH TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | ACCOUNTING POLICIES - continued |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. The company is not registered for Value Added Tax and, accordingly, any such irrecoverable tax is included in the expenditure concerned. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Financial instruments |
The company 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. |
2. | DONATIONS AND LEGACIES |
31/3/24 | 31/3/23 |
£ | £ |
Donations |
3. | OTHER TRADING ACTIVITIES |
31/3/24 | 31/3/23 |
£ | £ |
Thrift Shop income |
Z1 Youth Bar income | 21,540 | 11,040 |
Boating Pond Takings | 7,306 | 8,274 |
4. | INVESTMENT INCOME |
31/3/24 | 31/3/23 |
£ | £ |
Deposit account interest |
GIRVAN YOUTH TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
5. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 6) | note 7) | Totals |
£ | £ | £ |
Costs directly allocated to activities | 456,082 | 637 | 456,719 |
Support Costs | - | 14,165 | 14,165 |
456,082 | 14,802 | 470,884 |
6. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
31/3/24 | 31/3/23 |
£ | £ |
Staff costs | 280,321 | 264,415 |
Z1 Youth Bar Costs | 13,439 | 12,061 |
Telephone | 1,764 | 1,634 |
Activities and entertainment | 52,663 | 36,748 |
Printing, postage & stationery | 3,605 | 3,487 |
Premises costs | 30,638 | 42,646 |
Training | 3,050 | 718 |
Travelling | 2,862 | 1,323 |
Project Search Costs | 3,570 | 4,496 |
Charity Shop Expenditure | 9,928 | 8,327 |
Minibus Expenses | 2,571 | 2,725 |
Depreciation | 51,671 | 52,240 |
Loss on sale of assets | - | 519 |
456,082 | 431,339 |
7. | SUPPORT COSTS |
Governance |
Finance | costs | Totals |
£ | £ | £ |
Costs directly allocated to activities | 637 | - | 637 |
Support Costs | - | 14,165 | 14,165 |
637 | 14,165 | 14,802 |
Included on Governance costs is remuneration paid to the independent examiner of £3,635. |
GIRVAN YOUTH TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
7. | SUPPORT COSTS - continued |
Support costs, included in the above, are as follows: |
31/3/24 | 31/3/23 |
Costs |
directly |
allocated |
to | Support | Total | Total |
activities | Costs | activities | activities |
£ | £ | £ | £ |
Bank charges | 637 | - | 637 | 441 |
Accountancy and legal fees | - | 3,635 | 3,635 | 3,635 |
Professional Fees | - | 10,530 | 10,530 | 300 |
637 | 14,165 | 14,802 | 4,376 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31/3/24 | 31/3/23 |
£ | £ |
Depreciation - owned assets |
Deficit on disposal of fixed assets |
9. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
No director received any remuneration during the year. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
10. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
31/3/24 | 31/3/23 |
Average number of employees |
GIRVAN YOUTH TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Other trading activities |
Total |
EXPENDITURE ON |
Charitable activities |
83,415 | 348,365 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 160,099 | 540,470 |
TOTAL FUNDS CARRIED FORWARD | 169,427 | 533,600 | 703,027 |
' |
12. | TANGIBLE FIXED ASSETS |
Freehold | Motor |
property | vehicles | Equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2023 and 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
GIRVAN YOUTH TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
13. | STOCKS |
31/3/24 | 31/3/23 |
£ | £ |
Stocks |
14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/24 | 31/3/23 |
£ | £ |
Trade debtors |
Prepayments |
15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/3/24 | 31/3/23 |
£ | £ |
Social security and other taxes |
Accruals and deferred income |
16. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1/4/23 | in funds | 31/3/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 169,428 | 49,583 | 219,011 |
Restricted funds |
Property grants | 290,643 | (41,426 | ) | 249,217 |
Ring Fenced | 78,609 | (55,205 | ) | 23,404 |
Severance | 25,014 | (3,911 | ) | 21,103 |
Life's a Journey | 8,026 | 8,199 | 16,225 |
Hand in Hand | 81,927 | 29,748 | 111,675 |
Managed Money | 18,128 | (2,563 | ) | 15,565 |
Minibus Fund | 22,875 | (5,719 | ) | 17,156 |
Solar Panel Funding | 8,377 | (2,095 | ) | 6,282 |
(72,972 | ) |
TOTAL FUNDS | (23,389 | ) | 679,638 |
GIRVAN YOUTH TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
16. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 100,505 | (50,922 | ) | 49,583 |
Restricted funds |
Property grants | - | (41,426 | ) | (41,426 | ) |
Ring Fenced | 95,924 | (151,129 | ) | (55,205 | ) |
Severance | 1 | (3,912 | ) | (3,911 | ) |
Life's a Journey | 60,307 | (52,108 | ) | 8,199 |
Hand in Hand | 156,430 | (126,682 | ) | 29,748 |
Managed Money | 3,209 | (5,772 | ) | (2,563 | ) |
Boating Lake | 31,120 | (31,120 | ) | - |
Minibus Fund | - | (5,719 | ) | (5,719 | ) |
Solar Panel Funding | (1 | ) | (2,094 | ) | (2,095 | ) |
( |
) | (72,972 | ) |
TOTAL FUNDS | ( |
) | (23,389 | ) |
Comparatives for movement in funds |
Net |
movement | At |
At 1/4/22 | in funds | 31/3/23 |
£ | £ | £ |
Unrestricted funds |
General fund | 160,099 | 9,329 | 169,428 |
Restricted funds |
Property grants | 332,709 | (42,066 | ) | 290,643 |
Ring Fenced | 35,896 | 42,713 | 78,609 |
Severance | 20,506 | 4,508 | 25,014 |
Life's a Journey | 18,245 | (10,219 | ) | 8,026 |
Hand in Hand | 82,159 | (232 | ) | 81,927 |
Managed Money | 19,192 | (1,064 | ) | 18,128 |
Boating Lake | 31,763 | (31,763 | ) | - |
Minibus Fund | - | 22,875 | 22,875 |
Solar Panel Funding | - | 8,377 | 8,377 |
540,470 | (6,871 | ) | 533,599 |
TOTAL FUNDS | 700,569 | 2,458 | 703,027 |
GIRVAN YOUTH TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
16. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 96,679 | (87,350 | ) | 9,329 |
Restricted funds |
Property grants | - | (42,066 | ) | (42,066 | ) |
Ring Fenced | 139,608 | (96,895 | ) | 42,713 |
Severance | - | 4,508 | 4,508 |
Life's a Journey | 26,999 | (37,218 | ) | (10,219 | ) |
Hand in Hand | 126,637 | (126,869 | ) | (232 | ) |
Managed Money | 337 | (1,401 | ) | (1,064 | ) |
Boating Lake | 8,274 | (40,037 | ) | (31,763 | ) |
Minibus Fund | 30,500 | (7,625 | ) | 22,875 |
Solar Panel Funding | 9,139 | (762 | ) | 8,377 |
341,494 | (348,365 | ) | (6,871 | ) |
TOTAL FUNDS | 438,173 | (435,715 | ) | 2,458 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net |
movement | At |
At 1/4/22 | in funds | 31/3/24 |
£ | £ | £ |
Unrestricted funds |
General fund | 160,099 | 58,912 | 219,011 |
Restricted funds |
Property grants | 332,709 | (83,492 | ) | 249,217 |
Ring Fenced | 35,896 | (12,492 | ) | 23,404 |
Severance | 20,506 | 597 | 21,103 |
Life's a Journey | 18,245 | (2,020 | ) | 16,225 |
Hand in Hand | 82,159 | 29,516 | 111,675 |
Managed Money | 19,192 | (3,627 | ) | 15,565 |
Boating Lake | 31,763 | (31,763 | ) | - |
Minibus Fund | - | 17,156 | 17,156 |
Solar Panel Funding | - | 6,282 | 6,282 |
540,470 | (79,843 | ) | 460,627 |
TOTAL FUNDS | 700,569 | (20,931 | ) | 679,638 |
GIRVAN YOUTH TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
16. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 197,184 | (138,272 | ) | 58,912 |
Restricted funds |
Property grants | - | (83,492 | ) | (83,492 | ) |
Ring Fenced | 235,532 | (248,024 | ) | (12,492 | ) |
Severance | 1 | 596 | 597 |
Life's a Journey | 87,306 | (89,326 | ) | (2,020 | ) |
Hand in Hand | 283,067 | (253,551 | ) | 29,516 |
Managed Money | 3,546 | (7,173 | ) | (3,627 | ) |
Boating Lake | 39,394 | (71,157 | ) | (31,763 | ) |
Minibus Fund | 30,500 | (13,344 | ) | 17,156 |
Solar Panel Funding | 9,138 | (2,856 | ) | 6,282 |
688,484 | (768,327 | ) | (79,843 | ) |
TOTAL FUNDS | 885,668 | (906,599 | ) | (20,931 | ) |
Severance - This is the funding that has accrued to cover our legal obligation to pay long standing members staff severance. |
Life's a Journey - This funding is restricted as it relates to the funding granted against staff & operational costs for delivering the "Life's a Journey" Youth Development project. |
Hand in Hand - This is for funding that is awarded solely for the staff & programme costs in relation to the Hand in Hand project. |
Managed Money - This fund comprises 2Kare South Carrick / South Carrick Wages. This is a fund for our Youth Participatory Budgeting committee. The South Carrick wages was awarded in relation to the incurred costs in regards to employing a sessional support youth worker & ongoing operational / administration costs relating to the Participatory Budgeting project. |
Minibus Fund - These funds were awarded for the cost of the minibus. |
Solar panels Fund - These funds were provided for the cost of our solar panels. |
GIRVAN YOUTH TRUST |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
17. | RELATED PARTY DISCLOSURES |
18. | ULTIMATE CONTROLLING PARTY |
The Trustees consider there to be no ultimate controlling party. |
19. | GRANTS RECEIVED |
The company acknowledges receipt of financial support from the following organisations which are recognised in the financial statements: |
£ |
Agnes Hunter Trust | 13,500 |
Assell Valley | 3,000 |
Ballantrae CC | 4,543 |
BBC Children in Need | 47,892 |
Crimestoppers | 500 |
Foundation Scotland | 14,000 |
Henry Smith Charity | 50,500 |
M V Hillhouse | 1,000 |
National Lottery | 23,465 |
South Ayrshire Council | 34,714 |
Scottish Government | 50,263 |
The Rozelle Trust | 3,000 |
The Robertson Trust | 29,700 |
Turcan Connell | 3,640 |
Wm Grant & Sons | 73,425 |
Youthlink Scotland | 4,410 |
Total | 357,552 |