IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.7.23 30.6.24 30.6.24 FY FRS 102 Unaudited Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090005302023-06-30090005302024-06-30090005302023-07-012024-06-30090005302022-06-30090005302022-07-012023-06-30090005302023-06-3009000530ns0:CharitableCompanyLimitedByGuarantee2023-07-012024-06-3009000530ns15:PoundSterling2023-07-012024-06-3009000530ns11:FRS1022023-07-012024-06-3009000530ns11:AuditExempt-NoAccountantsReport2023-07-012024-06-3009000530ns11:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009000530ns11:FullAccounts2023-07-012024-06-3009000530ns11:CharitiesSORP2023-07-012024-06-3009000530ns16:EnglandWales2023-07-012024-06-3009000530ns11:RegisteredOffice2023-07-012024-06-3009000530ns0:Trustee22023-07-012024-06-3009000530ns0:Trustee12023-07-012024-06-3009000530ns0:Trustee32023-07-012024-06-3009000530ns10:WithinOneYear2024-06-3009000530ns10:WithinOneYear2023-06-3009000530ns0:TotalUnrestrictedFunds2024-06-300900053022023-07-012024-06-30
REGISTERED COMPANY NUMBER: 09000530 (England and Wales)
REGISTERED CHARITY NUMBER: 1160767










Report of the Trustees and

Financial Statements for the Year Ended 30 June 2024

for

Youth Engineering Project

Youth Engineering Project






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Report of the Trustees 1

Statement of Financial Activities 2

Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8

Youth Engineering Project (Registered number: 09000530)

Report of the Trustees
for the Year Ended 30 June 2024


The trustees present their report with the financial statements of the charity for the year ended 30 June 2023. 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 aforesaid (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
This charity's objectives are to improve peoples lives by getting young and disadvantaged people out of the unemployment trap into full time work thereby benefitting them and society as a whole.

Public benefit
The trustees have had regard to the Charity Commission guidance on public benefit.

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
09000530 (England and Wales)

Registered Charity number
1160767

Registered office
6 Atkinsons Way
Foxhills Industrial Estate
Scunthorpe
North Lincolnshire
DN15 8QJ

Trustees
Mrs S C Jackson Company Director
T M Strawson Company Director
Ms A Harvey (appointed 3/10/2023)

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 25 October 2024 and signed on its behalf by:





T M Strawson - Trustee

Youth Engineering Project

Statement of Financial Activities
for the Year Ended 30 June 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   

EXPENDITURE ON


Other 583 547

NET INCOME/(EXPENDITURE) (583 ) (547 )


RECONCILIATION OF FUNDS
Total funds brought forward 350,940 351,487

TOTAL FUNDS CARRIED FORWARD 350,357 350,940

Youth Engineering Project (Registered number: 09000530)

Statement of Financial Position
30 June 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 3 2,000 149,526
Cash at bank 348,861 201,882
350,861 351,408

CREDITORS
Amounts falling due within one year 4 (504 ) (468 )

NET CURRENT ASSETS 350,357 350,940

TOTAL ASSETS LESS CURRENT
LIABILITIES

350,357

350,940

NET ASSETS 350,357 350,940
FUNDS 5
Unrestricted funds 350,357 350,940
TOTAL FUNDS 350,357 350,940

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.


Youth Engineering Project (Registered number: 09000530)

Statement of Financial Position - continued
30 June 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 25 October 2024 and were signed on its behalf by:





T M Strawson - Trustee





S C Jackson - Trustee

Youth Engineering Project

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

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.

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.

2. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.


TRUSTEES' EXPENSES

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.



Youth Engineering Project

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 2,000 149,526

Other debtors is an amount owed to the charity by Youth Engineering Scunthorpe Limited, a company registered in England & Wales under number 09000532. The amount payable is unsecured and interest free.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Accrued expenses 504 468

5. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 350,940 (583 ) 350,357

TOTAL FUNDS 350,940 (583 ) 350,357

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund - (583 ) (583 )

TOTAL FUNDS - (583 ) (583 )


Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 351,487 (547 ) 350,940

TOTAL FUNDS 351,487 (547 ) 350,940

Youth Engineering Project

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. 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 - (547 ) (547 )

TOTAL FUNDS - (547 ) (547 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.7.22 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 351,487 (1,130 ) 350,357

TOTAL FUNDS 351,487 (1,130 ) 350,357

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 - (1,130 ) (1,130 )

TOTAL FUNDS - (1,130 ) (1,130 )


Youth Engineering Project

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.