REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Trustees' Report and |
Unaudited Financial Statements For The Year Ended 31 March 2024 |
for |
Elgin Youth Development Group |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Trustees' Report and |
Unaudited Financial Statements For The Year Ended 31 March 2024 |
for |
Elgin Youth Development Group |
Elgin Youth Development Group |
Contents of the Financial Statements |
For The Year Ended 31 March 2024 |
Page |
Trustees' Report | 1 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Balance Sheet | 7 | to | 8 |
Notes to the Financial Statements | 9 | to | 15 |
Elgin Youth Development Group (Registered number: SC201393) |
Trustees' Report |
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). |
Organisation Overview |
Originally established in 1998 in response to concerns that there wasn't a safe place for young people to meet and socialise - Elgin Youth Development Group continues to prioritise this need and in doing so we have evolved into a multifaceted organisation. |
At the heart of our organisation are our universal youth work services which remain free to all young people aged 11-18. We continue to work with the ethos 'run by young people, for young people' at the forefront of our provision, giving young people the platform to influence our services and maintain their relevance. Therefore, our term time programmes, holiday programmes and other activities are directly in line with the needs and interests of those engaging with them. Our membership now stands at 578, an increase of 137 since last year. |
Our social enterprises, The Inkwell and Cafe @ The Warehouse, continue to operate with the goal of supporting our youth work provision while also providing employability opportunities to 16-24-year-olds facing barriers to work. |
The past year has been one of both change and growth for the organisation as we continue to provide free, universal youth work, invest in young people and engage with our community. |
Youth Work |
It has been a busy year for our Youth Team and the young people interacting with our youth work services. Our term time provision consistently gave local young people a safe space to meet and socialise with 173 term time sessions delivered over the year. Our Eat, Chat, Chill sessions are a staple of our provision, giving attendees a free, hot, two course meal. We saw a real need for these sessions through consultation with our young people with 124 different people attending these sessions. |
Through the activities we offer, we continue to promote healthy lifestyles. Whether it was games in the park, cycling, tennis or trips with Outfit Moray - we encouraged our members to have fun while keeping fit. A popular offering is our After School Cooking Classes which give attendees a chance to learn valuable life skills in a safe environment. Every week, young people take on a new theme to their cooking - keeping classes fresh but also introducing members to new cuisines and skills. Our cooking classes have proven to be a great success in building skills both in and out of the kitchen with one of our regular attendees now taking on the role of planning, organising and delivering classes alongside a youth worker. |
Towards the end of the year, we piloted our neurodiverse friendly sessions which provide a quieter alternative to our regular sessions. We found that for several young people, attending sessions was an overwhelming experience and wanted to provide those who were neurodiverse with the same safe space as their peers. The long-term goal is to get attendees comfortable and confident enough to come along to other sessions and activities. |
During our holiday programmes we offered a total of 79 activities, sessions and trips. There was a wide range of activities including day trips to Inverness for shopping, trampolining, mini golf and the cinema. |
Other outdoor activities gave young people the opportunity to try things they may not otherwise including kayaking, paddle boarding and gorge walking amongst others. We continued to provide free meals during the holidays which were not limited to our Eat, Chat, Chill sessions but also included breakfasts, brunches and lunches. Our young people truly shaped our holiday programmes through regular consultations and feedback. |
We are currently in the process of reshaping our Youth Management Group and young people are at the heart of this review. This group of dedicated young people volunteer their time not only during sessions but also during our Youth Takeover events which have proven to be a great success over the last year. We held two Youth Takeover events which gave our young people the opportunity to get involved in organising and running community events. The money raised at these events is spent with close consultation with these young people. |
Elgin Youth Development Group (Registered number: SC201393) |
Trustees' Report |
For The Year Ended 31 March 2024 |
We continue to make a real effort to introduce ourselves to local P7 cohorts. We held P7 visits at the end of May, inviting schools into our space to give them an overview of our services and to experience what activities we have on during sessions. It has been great to see so many new faces and we hope that by accessing our services in the new academic year the transition between primary and secondary will be made just that bit easier. |
Social Enterprises |
Our building is the home to not only our youth cafe but also our social enterprises which we run with the goal of being more sustainable as an organisation. |
The Inkwell |
The Inkwell offers rooms for hire as well as catering services. With two spacious rooms and a purpose-built community kitchen, we are able to offer local businesses, charities, organisations and individuals with accommodating venue hire options. |
We are delighted that we will be continuing to host Moray Pathways partners in our small Inkwell as part of their Employability Hub. We recognise that providing our partners with our meeting and cafe spaces for their work in helping people reach positive destinations is invaluable to the community. |
Meanwhile our large Inkwell space is available in various set up options. It has been a pleasure to host such a diverse range of events and meetings over the last year. |
In order to bring our hire income in line with the recent wage increases and running costs, we reviewed all our hire costs using local competitor analysis. Our customers have been understanding, with some even seeking expected increases prior to us making the final decision. |
Over the year our Bread & Banter project provided a safe, non-judgmental space for young adults to come together, relax and enjoy a hot, nutritious meal. These sessions invite vulnerable adults who are socially isolated into a supportive space where they can build friendships, grow in confidence and learn new skills. The sessions are informal with the Inkwell space set up with music, video games, board games, tables for dining and more. We are truly passionate about addressing issues of social isolation, loneliness and food poverty through this project. |
Cafe @ The Warehouse |
Our training cafe continues to support our charitable aims with all profits going towards the running of our youth work services. The space provides the public with good food in a relaxed environment or for on the go while also giving young people hands-on hospitality experience. |
At the beginning of 2024, the Cafe underwent some much-needed refurbishments. New insulation was installed, our booth seating was upcycled into moveable pieces and the space was freshened up with new paint. It has made a great difference not only aesthetically but also in becoming more sustainable - a goal we are eager to achieve. |
Employability Programme |
Our employability programme continues to provide young people facing multiple barriers to employment with paid work experience. We currently offer placements in hospitality, catering, venue roles, administration and social media - enabling our trainees to learn skills relevant to these industries but also those that are transferrable to all future work. |
Many trainees come to us with obstacles such as mental health, disability and a lack of confidence and it is our goal to support them in taking their first steps into the working world at a pace that suits them. Staying true to the ethos of EYDG, we endeavour to tailor each placement to the individual based on their unique needs, skill base, interests and ambitions. Alongside the practical, hands-on experience from working in our spaces we also give our trainees training opportunities in the likes of Food Hygiene, First Aid and Safeguarding to bolster their CVs and stand out to future employers. |
Of the 17 trainees we employed this year, 8 gained employment, 3 moved into further education, 4 are being supported by partner organisations and 2 are still on placement with us. |
Elgin Youth Development Group (Registered number: SC201393) |
Trustees' Report |
For The Year Ended 31 March 2024 |
Looking Forward |
As we look forward to the year ahead, we are optimistic about the continued impact we will have on the lives of young people in Moray. They will remain central to everything we do over the next year, influencing change with their concerns, interests and needs. In meeting the expectations of our young people, we are committed to keeping our services free of charge so that we can reach as many of those in need of our services as possible. Having completed the pilot Neurodiverse Sessions, we have included it in our ongoing provision. |
We are looking forward to seeing the Cafe @ The Warehouse evolve over the next year. We are delighted that Moray Pathways have decided to continue their contract with us and we're enthusiastic about working with them to benefit the wider community. |
The success of our employability programme is something we are immensely proud of, and we aim to continue to nurture the potential of those facing barriers to employment. We will develop the programme based on the feedback and experiences of our trainees, ensuring that we can provide them with placements that allow them to realise their potential. |
Thank You |
The work that we have done over the past year would not have been possible without the generous support from our funders. It is thanks to these organisations that we can continue to provide free, universal youth work and employability opportunities. |
We express our appreciation to our team of volunteers who continuously show up and lend a hand with our provision. Without their support, we wouldn't be able to offer so many opportunities to young people. |
Our staff go above and beyond to make sure that our services stay relevant, innovative and inclusive. Everyone within the organisation plays a key role in our success and we want to thank them all for their dedication and hard work over the year. |
Finally, we want to spotlight the young people that our organisation has worked with. We are privileged to bear witness to their development and growth - they are a testament both to themselves and our organisation. Our young people lie at the heart of everything we do, and it is their enthusiasm and resolve that inspires us to continue our work and provide them with opportunities to flourish. |
FINANCIAL REVIEW |
The level of unrestricted funds held at the year-end includes fixed assets of £630,387 and liquid funds of £233,115. The Board regularly reviews the level of unrestricted and restricted funds are maintained at a level equivalent to between three and six month's expenditure. The Board has also designated £60,000 to cover planned expenditure associated with the improvement and upkeep of our building as well as future planned developments. |
Restricted funds are funds which are used in accordance with the specific restrictions imposed by our funders and which have been raised by the Charity for a specific purpose. The level of restricted funding held at the year-end was £137,544. This represents funds received to cover specific expenditure in future years. |
All significant and material expenditure is approved by the Board before being actioned and cash reserves are monitored by ongoing review of cash flow forecasts and quarterly management accounts. |
Overall the Board is very pleased and most appreciative of the staff for this set of accounts considering the current economic climate in which the Charity is operating and is optimistic about the future. |
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. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Elgin Youth Development Group (Registered number: SC201393) |
Trustees' Report |
For The Year Ended 31 March 2024 |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
Alan Long FCA |
Cathedral Accountancy |
4 North Guildry Street |
Elgin |
Moray |
IV30 1JR |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Elgin Youth Development Group |
I report on the accounts for the year ended 31 March 2024 set out on pages six to fifteen. |
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. |
Alan Long FCA |
The Institute of Chartered Accountants in England and Wales |
Cathedral Accountancy |
4 North Guildry Street |
Elgin |
Moray |
IV30 1JR |
26 September 2024 |
Elgin Youth Development Group |
Statement of Financial Activities |
For The Year Ended 31 March 2024 |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities | 2 |
Investment income | 3 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) | ( |
) |
Transfers between funds | 12 | 2,515 | (2,515 | ) | - | - |
Net movement in funds | ( |
) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 1,104,106 |
Elgin Youth Development Group (Registered number: SC201393) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 8 |
CURRENT ASSETS |
Stocks | 9 |
Debtors | 10 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 11 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 12 |
Unrestricted funds | 914,907 |
Restricted funds | 189,199 |
TOTAL FUNDS | 1,104,106 |
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. |
Elgin Youth Development Group (Registered number: SC201393) |
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 |
Elgin Youth Development Group |
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. |
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. |
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 | - |
Plant and machinery | - |
Computer equipment | - |
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. |
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. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Elgin Youth Development Group |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
2. | OTHER TRADING ACTIVITIES |
31.3.24 | 31.3.23 |
£ | £ |
Inkwell and related income | 58,968 | 54,309 |
Bar and kitchen income | 56,174 | 58,006 |
3. | INVESTMENT INCOME |
31.3.24 | 31.3.23 |
£ | £ |
Deposit account interest |
4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.3.24 | 31.3.23 |
£ | £ |
Depreciation - owned assets |
5. | 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. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
6. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
31.3.24 | 31.3.23 |
Full time | 14 | 15 |
Part time | 8 | 6 |
Elgin Youth Development Group |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
7. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Investment income |
Other income |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
Transfers between funds | 27,083 | (27,083 | ) | - |
Net movement in funds | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 920,451 | 281,728 |
TOTAL FUNDS CARRIED FORWARD | 914,907 | 189,199 | 1,104,106 |
8. | TANGIBLE FIXED ASSETS |
Freehold | Plant and | Computer |
property | machinery | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2023 |
Additions |
At 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 |
Elgin Youth Development Group |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
9. | STOCKS |
31.3.24 | 31.3.23 |
£ | £ |
Stocks |
10. | DEBTORS |
31.3.24 | 31.3.23 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
Prepayments |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Accrued expenses |
12. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.23 | in funds | funds | 31.3.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 914,907 | (53,920 | ) | (6,958 | ) | 854,029 |
Designated Fund | - | - | 9,473 | 9,473 |
(53,920 | ) |
Restricted funds |
Youth Team Activities | 11,908 | 92 | - | 12,000 |
Youth Work Funding | 167,684 | (119,094 | ) | - | 48,590 |
Rank Foundation Support | 8,728 | (3,728 | ) | (5,000 | ) | - |
Employability Project | 879 | 35,203 | 40,000 | 76,082 |
Property improvements | - | 38,387 | (37,515 | ) | 872 |
(49,140 | ) | ( |
) |
TOTAL FUNDS | (103,060 | ) | 1,001,046 |
Elgin Youth Development Group |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
12. | 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 | 212,416 | (266,336 | ) | (53,920 | ) |
Restricted funds |
Youth Team Activities | 23,174 | (23,082 | ) | 92 |
Youth Work Funding | 1,747 | (120,841 | ) | (119,094 | ) |
Rank Foundation Support | - | (3,728 | ) | (3,728 | ) |
Employability Project | 37,400 | (2,197 | ) | 35,203 |
Property improvements | 48,246 | (9,859 | ) | 38,387 |
( |
) | (49,140 | ) |
TOTAL FUNDS | ( |
) | (103,060 | ) |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 311,228 | (32,627 | ) | (44,608 | ) | 233,993 |
Designated Fund | 609,223 | - | 71,691 | 680,914 |
920,451 | (32,627 | ) | 27,083 | 914,907 |
Restricted funds |
Youth Team Activities | 2,999 | 8,909 | - | 11,908 |
Youth Work Funding | 257,971 | (76,952 | ) | (13,335 | ) | 167,684 |
Rank Foundation Support | - | 8,728 | - | 8,728 |
Employability Project | 7,000 | (6,121 | ) | - | 879 |
Property improvements | 13,748 | - | (13,748 | ) | - |
Covid Recovery Support Fund | 10 | (10 | ) | - | - |
281,728 | (65,446 | ) | (27,083 | ) | 189,199 |
TOTAL FUNDS | 1,202,179 | (98,073 | ) | - | 1,104,106 |
Elgin Youth Development Group |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
12. | 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 | 154,856 | (187,483 | ) | (32,627 | ) |
Restricted funds |
Youth Team Activities | 43,170 | (34,261 | ) | 8,909 |
Youth Work Funding | 42,625 | (119,577 | ) | (76,952 | ) |
Rank Foundation Support | 16,892 | (8,164 | ) | 8,728 |
Employability Project | 69,960 | (76,081 | ) | (6,121 | ) |
Property improvements | 500 | (500 | ) | - |
Covid Recovery Support Fund | - | (10 | ) | (10 | ) |
173,147 | (238,593 | ) | (65,446 | ) |
TOTAL FUNDS | 328,003 | (426,076 | ) | (98,073 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 311,228 | (86,547 | ) | (51,566 | ) | 173,115 |
Designated Fund | 609,223 | - | 81,164 | 690,387 |
920,451 | (86,547 | ) | 29,598 | 863,502 |
Restricted funds |
Youth Team Activities | 2,999 | 9,001 | - | 12,000 |
Youth Work Funding | 257,971 | (196,046 | ) | (13,335 | ) | 48,590 |
Rank Foundation Support | - | 5,000 | (5,000 | ) | - |
Employability Project | 7,000 | 29,082 | 40,000 | 76,082 |
Property improvements | 13,748 | 38,387 | (51,263 | ) | 872 |
Covid Recovery Support Fund | 10 | (10 | ) | - | - |
281,728 | (114,586 | ) | (29,598 | ) | 137,544 |
TOTAL FUNDS | 1,202,179 | (201,133 | ) | - | 1,001,046 |
Elgin Youth Development Group |
Notes to the Financial Statements - continued |
For The Year Ended 31 March 2024 |
12. | 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 | 367,272 | (453,819 | ) | (86,547 | ) |
Restricted funds |
Youth Team Activities | 66,344 | (57,343 | ) | 9,001 |
Youth Work Funding | 44,372 | (240,418 | ) | (196,046 | ) |
Rank Foundation Support | 16,892 | (11,892 | ) | 5,000 |
Employability Project | 107,360 | (78,278 | ) | 29,082 |
Property improvements | 48,746 | (10,359 | ) | 38,387 |
Covid Recovery Support Fund | - | (10 | ) | (10 | ) |
283,714 | (398,300 | ) | (114,586 | ) |
TOTAL FUNDS | 650,986 | (852,119 | ) | (201,133 | ) |
13. | RELATED PARTY DISCLOSURES |