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2024-03-31-accounts

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

Registered number: 2888960 Charity number: 1033626

ACTION4YOUTH

(A Company Limited by Guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Trustees' Report 2 - 10
Independent Auditors' Report on the Financial Statements 11 - 14
Statement of Financial Activities 15
Balance Sheet 16 - 17
Statement of Cash Flows 18
Notes to the Financial Statements 19 - 42

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees D H Teasdale, Chairman
D P Knox, Vice Chairman
L Eldred (appointed 19 December 2023)
A Douglas (appointed 20 June 2023)
A R Peters (appointed 19 December 2023)
D R Apperly
N J Peters
D Williams (resigned 15 June 2023)
C R Soames
S S Woods (appointed 19 December 2023)
G R Shankland
J Hulme (resigned 23 June 2023)
L Cruttendon (resigned 29 January 2024)
M Beck (resigned 1 August 2023)
Company registered
number
2888960
Charity registered
number
1033626
Registered office
5 Smeaton Close
Aylesbury
Buckinghamshire
HP19 8UN
Company secretary
J F M Cameron
Chief executive officer
J F M Cameron
Independent auditors
Hillier Hopkins LLP
Chartered Accountants
249 Silbury Boulevard
Milton Keynes
Buckinghamshire
MK9 1NA
Bankers
Lloyds Bank plc
1 Market Square
Aylesbury
Buckinghamshire
HP20 1TD

Page 1

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report together with the audited financial statements of the Action4Youth for the year 1 April 2023 to 31 March 2024. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

The charitable company also trades under the name The Caldecotte Xperience.

Objectives and activities

a. Policies and objectives

The objectives of the charity are:

To help and educate children and young people, through informal education and leisure time activities to develop their physical, mental and spiritual, moral and cultural capacities, to achieve their full potential, that they may grow up to full maturity as responsible individuals and members of their communities and society.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

Our Strategy to achieve our stated objectives has had the following threads:

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities (continued)

c. Activities undertaken to achieve objectives

Action4Youth takes the strategic lead for the voluntary organisations supporting children and young people, aged 5 – 25 years in Buckinghamshire & Milton Keynes, including a range of locally based children and young people’s voluntary sector projects and agencies, as well as the local associations of national voluntary youth organisations.

Action4Youth has representation on the Bucks Children's Partnership Board, The Youth Offending Service Board, Bucks Strategic Partners Board, Early Help Board, The VCSE Partnership Board and Opportunity Bucks.

Action4Youth is a member of UK Youth and The National Association of Boys and Girls Clubs and represents Buckinghamshire and Milton Keynes.

Action4Youth holds a contract to deliver the National Citizen Service in Buckinghamshire, Milton Keynes and the wider South East of England. It delivers The Inspiration Programme and The Breakout Programme in schools and delivers the Duke of Edinburgh’s Award across area.

Action4Youth provides a range of programmes, activities and services which support those young people at risk and creates opportunities for development and advancement for all young people.

Action4Youth runs The Junction, its youth centre in High Wycombe and offers mentoring and counselling support for young people and delivers outdoor adventure and education to many thousands of children and young people from The Caldecotte Xperience.

d. Volunteers

The company is grateful for the efforts of its volunteers. The use of volunteers and other donated services or facilities in the course of undertaking the organisation's charitable or income generating activities are not included in the Statement of Financial Activities.

Achievements and performance

a. Main achievements of the Company

The accounts for the year show an overall surplus of £188,258. Turnover was substantially ahead of the previous year at £2,756,334 and reflects the charity’s growth. This year’s turnover figures include donations to our capital appeal to refurbish the main building at The Caldecotte Xperience so there is a one year distortion from the regular pattern of revenue. Excluding these donations, turnover was £2,592,345, an increase of £481,228 from the previous year and surplus, excluding capital donations, was £24,269.

As always, Action4Youth maintained a rigorous approach to expenditure, working at all times to achieve maximum efficiency.

As of 31 March 2024, the balance sheet shows net assets including pension scheme liabilities of £1,152,098, of this balance £363,573 is held in restricted funds. Fixed assets primarily represent our ownership share of The Caldecotte Xperience as well as the investment there in the two yurt villages.

Looking to the future, our balance sheet and cash position provide a good position going into 2024/25 to manage the challenges ahead though the political and economic situation and international events create uncertainty in all areas so it is understood that very careful management and ability to adapt as necessary will be essential in 2024/25.

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance (continued)

We are mindful of the importance of the staff team. Action4Youth’s achievements are the achievements of all teams working together to support young people. During a difficult economic time which has impacted individuals, we have worked to offer competitive salaries as far as possible. The quality of our work is paramount and will not be retained without quality staff.

b. Key performance indicators

The organisation’s overall financial objective is to ensure that reserves, at each year end, are sufficient to ensure the future financial stability of Action4Youth, and its ability to continue to achieve its objectives in an increasingly difficult funding environment. In this respect the financial performance of The Caldecotte Xperience and our contract for NCS delivery are key and closely monitored indicators. The Duke of Edinburgh Award is a small but growing income stream and the Inspiration Programme and Breakout Programme continue to develop.

Action4Youth has continued to grow in reach and turnover, reflecting its commitment to do more, each year, for more young people. More than 25,000 young people benefitted from Action4Youth’s services during the year.

Fundraising was successful during the year which creates the opportunity for growth.

c. Review of activities

Action4Youth’s aim continues to be to offer support and opportunities to all young people, and this is maintained throughout the year despite ever changing operating conditions.

Action4Youth is driven to do more for young people, addressing need and creating opportunities so a key purpose is to grow the organisation so that it can meet these needs.

The National Citizen Service contract provided an opportunity for Action4Youth to extend its reach far beyond the established home patch in Milton Keynes and Buckinghamshire with delivery stretching across the East and South of England, taking in Norfolk, Suffolk, Essex, Cambridgeshire and north and north east London as well as delivering locally in schools. Delivering programmes took our teams into Wales, North East England and the South Coast. Logistically this was a real challenge to which teams rose admirably and contract numbers were achieved.

Outdoor education and our base at The Caldecotte Xperience is a key part of our operation, creating opportunities for development for the many thousands of children and young people who visit each year. For many 7 and 8 year olds, their visit to TCX will be their first stay away from home without their family. For others it will spark a lifelong interest in the outdoors or in a particular sport like sailing or climbing. Young lives are changed for the better at Caldecotte.

The Caldecotte Xperience is also the base for much of our National Citizen Service delivery and for The Breakout Programme which challenges those young people most at risk of becoming involved in gangs, anti social behaviour and crime to find more positive routes forward in their lives. The programme’s results show a marked positive change in attitudes and understanding.

Action4Youth’s Board of Trustees made a commitment to upgrade facilities in the main building at The Caldecotte Xperience to create a fully accessible space and a large indoor multi use space which would be used for dining, learning and recreation, especially at times of year when weather is poor. This would be an important development enabling the centre to offer its services to many more young people each year and for the centre itself to improve its financial position by extending full operation to more months of the year beyond the already very busy summer period. Fundraising and the development of plans began in the year.

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance (continued)

Review of activities (continued)

Our work to offer the Duke of Edinburgh Award as widely as possible continued. Our focus on creating opportunities for young people with special educational needs and disabilities continues and we now offer paddling expeditions especially for those with limited mobility who would not be a able to complete a traditional walking expedition. An increasing number of schools is taking up our offer to manage expeditions and relieve the schools of that responsibility. Our team members are qualified to national body levels so this is a safe and convenient option for many schools.

Action4Youth continues to be the leading infrastructure support organisation for more than 60 youth clubs and youth organisations across Buckinghamshire, offering essential support and training. Most training sessions were delivered online rather than in person as in the past and this has been a positive development making delivery more cost effective while extending its reach.

The Inspiration Programme continues to have a real impact on participants and was successfully delivered in a number of schools across the area. More and more schools and colleges are seeing the difference the Inspiration Programme makes to students, increasing aspiration, confidence and key skills. The self delivery model of the Programme increases the choice for schools and has been adopted by several while others continue to have Action4Youth delivering the full programme.

The Mentoring Programme has grown and now operates across Milton Keynes and Buckinghamshire and is much in demand. There are often waiting lists for young people to gain this 1-2-1 support. They are referred generally by schools but sometimes by social workers, the police or even their own families. Mentoring works to build self esteem and personal responsibility but often also addresses practical issues limiting the young person’s ability to engage effectively in aspects of their life. This is an important and highly valued area of our work but often unsung because of its confidential nature.

Our crime prevention programme, Breakout, is now much in demand from schools which appreciate the 1-2-1 focus on young people most at risk of being involved in gangs and crime. The Programme is both supportive and hard hitting and is effective in opening young minds to different and more positive ways of living. Progress is measured using Outcomes Star and it is encouraging to see the progress individuals can make while benefitting from the Programme.

The Junction, our youth centre in High Wycombe has gone from strength to strength since opening in 2021. The centre is now a well established part of the town centre’s activity and serves between 300 – 400 young people each month with some attending almost every day of the week while others drop in to attend sessions of particular interest to them. The variety of sessions on offer continues to grow and includes hugely popular cooking, boxing, mixed martial arts, music making, arts and crafts alongside information on relationships and sexual health and money matters. All of these take place alongside pool, table tennis, X box and board games. Buckinghamshire Council’s Community Safety team has noted that youth anti social behaviour in High Wycombe has been reduced since The Junction opened its doors almost 3 years ago.

Fundraising had a particularly good year, due to the skill of the very small but high achieving team of fundraisers. This has enabled the charity to expand its reach and ensure sustainability. Working closely with funders, statutory partners and colleagues from the charity sector is integral to achieving Action4Youth’s objectives and this year has seen relationships established and partnerships strengthened.

d. Investment policy and performance

Investment performance was in line with expectations given the current policy of placing surplus cash with banks and other Financial Institutions wholly covered by the Government's guarantees, for periods of up to two years.

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charitable company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The reserves policy and its review is core to the annual business planning process. As part of that process a reserves target level is set for the year based on the expected business climate and coverage of core operational costs. The policy is primarily based on the Charity Commission guidance of a minimum holding of 3 months’ operating costs but is adjusted to take account of A4Y’s income stream mix where contract rather than fundraising is the prime income stream.

For 2024/25, Action4Youth will hold reserves of not more than 3 months’ operating costs, £465,000, and not less than 2 months’ operating costs, £310,000. It is understood that cashflow may fluctuate during the year because of the planned capital project at The Caldecotte Xperience and this policy will accommodate that.

c. Deficit

Action4Youth operates to a controlled plan with the aim of delivering an operating surplus. At times of planned major reorganisation or process change the operation may run at a temporary deficit.

d. Material investments policy

The Board is concerned to maximise the level of income obtained from its investments but is mindful that its reserves may be required at relatively short notice. The Board of Trustees has continued with the policy of placing surplus cash with Banks and other Financial Institutions. A modest amount is deposited with M&G Charibond.

In line with the above the Board regularly reviews investment policy to ensure it meets the needs of balancing the needs of liquidity and returns.

e. Principal risks and uncertainties

The uncertainty of the wider economy and its impact on purchasing services and on fundraising is a consideration.

There is limited funding for all aspects of youth work and so Action4Youth continues to be actively involved in developing partnerships to reduce costs and increase outcomes for young people.

Not achieving predicted fundraising income is an ongoing concern despite strong performance in the previous 4 years. To ensure best practice and compliance all fundraising is conducted observing the standards of the fundraising regulator.

Recruitment of high quality staff has been, and continues to be, a particular challenge. In some areas we compete directly with both the public and private sectors where rewards are often more generous and opportunities for advancement greater.

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

f. Principal funding

The prime sources of income are:

Action4youth manages its fundraising in house through a team led by the Chief Executive. In carrying out these activities the charity adheres to all recognised standard practices as well as all the latest data, security and people protection requirements of the data protection acts.

We are grateful to the following individuals and organisations for their support:

Wycombe Community Board John Lewis High Wycombe Heart of Bucks Fairhive Thriving Community Fund John Lewis Milton Keynes John Lewis Foundation MyMiltonKeynes LEAP/Sport England Together Fund Mobbs Memorial Trust The Clare Foundation Milton Keynes Community Foundation National Lottery Awards for All The Rothschild Foundation NHBC Stoke Park in the Community The Parks Trust Swire Charitable Trust The Rectory Foundation Alexander & Co St James' Place Charitable Foundation The Anson Charitable Trust centre:mk Bartle Family Charitable Trust Tesco Community Grants South West Chilterns Community Board Red Helix Dentons UK & Middle East LLP Charitable Trust Ringway National Lottery Cost of Living Fund Roger and Jean Jefcoate Trust Garfield Weston Foundation Red Kite Community Housing Springboard Fund The Ridgebarn Trust Charles Haywood Foundation Buckinghamshire Council Community Safety Fund John Mactaggart Trust SquareTrade Europe 29[th] May 1961 Charitable Trust Carey Group M&G Investments John Armitage Charitable Trust Taylor Wimpey Unity Place Thrive Homes

Structure, governance and management

a. Constitution

The charitable company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 19/01/1994, revised on 10/06/2005 and further revised on 18/10/2019. Its registered charity number is 1033626.

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management (continued)

b. Methods of appointment or election of Trustees

The management of the charitable company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. Vacancies are advertised and an open recruitment process is employed.

c. Organisational structure and decision-making policies

The Board of Trustees and each of its committees, meet four times in each year. The Board leads the charity’s strategic direction and maintains critical oversight of the organisation’s running which is delegated to the Chief Executive of Action4Youth and its staff.

d. Policies adopted for the induction and training of Trustees

The Trustees’ training needs are reviewed at board meetings and implemented annually. Any new Trustees are fully inducted and trained according to their needs.

e. Pay policy for key management personnel

The Board’s policy continues to be able to pay salaries which attract excellent staff, whilst remaining within the range of salaries paid by comparable organisations in the charity sector.

f. Financial risk management

An ongoing risk assessment process is in place. Core to this are a risk matrix and issues log. These are updated monthly with the issues log representing the highest risks reviewed at every Board Meeting. The Finance and Risk committee carries out an annual review of the matrix and process and reviews the matrix for changes as a standing item at each quarterly meeting. The Trustees are satisfied that the major risks to which the organisation is exposed, especially those related to operations and finance, have systems and procedures in place with an associated ongoing review process to ensure effective mitigation.

g. Trustees' indemnities

Indemnity insurance has been taken out in respect of the Trustees for the period.

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Plans for future periods

We focus on addressing the needs of young people, and most specifically on those least well served so continue to explore and develop new, innovative approaches. New programmes are soon to be launched.

A major focus for 2024/25 is the project to redevelop the main building at The Caldecotte Xperience. Fundraising is in hand and continues while plans for the building have been confirmed. It is hoped that the work will be conducted during the autumn and winter with reopening in spring 2025. This exciting, major development will create the opportunity for very many more young people to benefit from all that is on offer at The Caldecotte Xperience and most especially for those children and young people with special needs and disabilities whose experience will be both more complete and more comfortable.

With the help and support of Milton Keynes City Council, an agreement has been reached which removes conditions on Action4Youth’s ownership of the property at The Caldecotte Xperience which is very positive and ensures that it will continue to operate as an activity centre for children and young people.

Action4Youth aims to continue to offer all of its current programmes and activities to a wider audience across South East England so that the maximum possible number of young people can benefit.

Chairman's statement

Action4Youth is an ambitious charity which strives to serve the needs of all young people in our communities. We deliver programmes which provide opportunities to grow and learn while also providing support which reduces the chances of young people falling into the traps that can ruin promising lives. We believe that the best way to tackle issues is to prevent them from happening. We make particular effort to give young people with disabilities the opportunity to participate on an equal basis with their peers.

In order to support more young people, we are working to strengthen our programming by investing to improve it's impact and reach. We are immensely grateful to the many partners who support our ambition. It is our fundamental challenge to earn or source the funding which will meet the growing needs that we see everyday.

I am extremely proud of our team who demonstrate boundless enthusiasm and determination. Their positive, can do spirit makes anything possible. Always with us are our Patron, President and Vice President who make important, tangible contributions. I am grateful to our team members, senior leadership team and Board colleagues for the extra effort that makes all the difference.

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Auditors

The auditors, Hillier Hopkins LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................
DocuSignedby:

1806D87FF8A3411...		 ................................................
DocuSignedby:
ACE2493283A6450...
D H Teasdale N J Peters
(Chair of Trustees) (Trustee)
Date:
04-07-2024		 02:36 PDT

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTION4YOUTH

Opinion

We have audited the financial statements of Action4Youth (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTION4YOUTH (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTION4YOUTH (CONTINUED)

Auditors' responsibilities for the audit of the financial statements (continued)

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006, Charities Act 2011 and relevant tax legislation.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF ACTION4YOUTH (CONTINUED)

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Hillier Hopkins LLP Chartered Accountants Statutory Auditor 249 Silbury Boulevard Milton Keynes Buckinghamshire MK9 1NA 17-07-2024 | 16:37 BST Date:

Hillier Hopkins LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

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Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net income before net gains/(losses)
on investments
Net gains/(losses) on investments
Net movement in funds before other
recognised gains/(losses)
Other recognised gains/(losses):
Other (losses)/gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2024
£
173,989
-
-
-
173,989
8,460
8,460
165,529
-
165,529
-
165,529
198,044
165,529
363,573		 Unrestricted
funds
2024
£
195,382
2,364,482
12,482
9,999
2,582,345
2,560,432
2,560,432
21,913
1,218
23,131
(402)
22,729
765,795
22,729
788,524		 Total
funds
2024
£
369,371
2,364,482
12,482
9,999
2,756,334
2,568,892
2,568,892
187,442
1,218
188,660
(402)
188,258
963,839
188,258
1,152,097		 Total
funds
2023
£
118,535
2,001,929
3,702
13,452
2,137,618
2,073,349
2,073,349
64,269
(9,599)
54,670
94
54,764
909,075
54,764
963,839

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 19 to 42 form part of these financial statements.

Included within the Restricted funds total above is £190,490 of restricted income from our capital appeal to help fund the refurbishment of our Caldecotte site in the coming years. Current year donations are £163,989 (2023 - £26,501). As such it cannot be used for any other purpose.

Page 15

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee) REGISTERED NUMBER: 2888960

BALANCE SHEET AS AT 31 MARCH 2024

Note
Fixed assets
Intangible assets
12
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
17
Net assets excluding pension liability
Defined benefit pension scheme liability
24
Total net assets
Charity funds
Restricted funds
18
Unrestricted funds
18
Total funds		 103,745
817,858
921,603
(609,897)		 2024
£
25,469
711,400
151,201
888,070
311,706
1,199,776
(46,038)
1,153,738
(1,640)
1,152,098
363,573
788,525
1,152,098		 69,014
620,241
689,255
(500,542)		 2023
£
8,931
680,295
149,984
839,210
188,713
1,027,923
(60,572)
967,351
(3,512)
963,839
198,044
765,795
963,839

The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 144 of the Charities Act 2011.

Page 16

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee) REGISTERED NUMBER: 2888960

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ ................................................ D H Teasdale N J Peters (Chair of Trustees) (Trustee) 04-07-2024 | 02:36 PDT 04-07-2024 | 01:31 PDT Date:

The notes on pages 19 to 42 form part of these financial statements.

Page 17

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Proceeds from the sale of tangible fixed assets
Purchase of intangible assets
Purchase of tangible fixed assets
Proceeds from sale of investments
Purchase of investments
Net cash used in investing activities
Cash flows from financing activities
Repayments of finance leases
Net cash used in financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2024
£
344,108
1,206
(19,200)
(126,202)
-
-
(144,196)
(2,295)
(2,295)
197,617
620,241
817,858		 2023
£
147,291
1,050
(3,864)
(101,283)
139,037
(152,914)
(117,974)
(6,311)
(6,311)
23,006
597,235
620,241

The notes on pages 19 to 42 form part of these financial statements

Page 18

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. General information

Action4Youth is a company incorporated and registered in England and Wales and limited by guarantee. The registered address is 5 Smeaton Close, Aylesbury, Buckinghamshire, HP19 8UN.

The members of the company are the Trustees named on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Action4Youth meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold.

Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies.

Page 19

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.2 Income (continued)

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.

Page 20

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.5 Research and development

Development costs are capitalised within intangible assets where they can be identified with a specific product or project anticipated to produce future benefits, and are amortised on the straight line basis over the anticipated life of the benefits arising from the completed product or project.

Deferred research and development costs are reviewed annually, and where future benefits are deemed to have ceased or to be in doubt, the balance of any related research and development is written off to the Statement of Financial Activities.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Intangible assets and amortisation

Intangible assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable, and the cost or value of the asset can be measured reliably.

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

Amortisation is provided on the following basis:

Development expenditure

2.8 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Assets in the course of construction are included at costs incurred to date. Depreciation on these assets is not charged until they are brought into use.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined to be the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 21

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.8 Tangible fixed assets and depreciation (continued)

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Freehold property - 2% straight line (on cost of buildings)
Assets under construction - Not depreciated until in use
Plant and machinery - 10 - 33% straight line
Motor vehicles - 25% straight line
Office equipment - 33% straight line
Yurt Village - 10% straight line

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Financial Activities.

During the year ended 31 March 2013, the company entered into agreements with Milton Keynes Council to take over the running of two outside education centres, The Caldecotte Xperience and Longrigg Residential Centre. Under this agreement the charitable company became fully responsible for the operational management and financial performance of both centres. The freehold of both premises was transferred to the charitable company as part of the deal. However, a claw back arrangement is included in each deal which applies for a period of 50 years from the date of transfer. This arrangement is nullified in the event of a sale. It is triggered by any change of use of the property (or any part) from its existing use. Claw back is calculated at 100% less 2% for each year passing from the date of the Transfer of the open market value of the property. In addition, the agreement in respect of The Caldecotte Xperience ring fences the 20% holding which the company had of the freehold under earlier arrangements. The Longrigg freehold was sold during 2020.

The financial statements include the proportion of the market value of the freehold of each property to which the charitable company is entitled under the provisions of the agreements. At 31 March 2024 this was 44% of the market value of the Caldecotte freehold.

2.9 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

2.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 22

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.12 Liabilities

Liabilities and provisions are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.13 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.14 Finance leases and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.15 Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.16 Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.

The Company operates a defined benefits pension scheme and the pension charge is based on a full actuarial valuation dated 30th September 2020.

Page 23

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.17 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Donations
Capital appeal Caldecotte
Donated asset - 2% at Caldecotte
General donations
Total 2024
Donations
Capital appeal Caldecotte
Donated asset - 2% at Caldecotte
General donations
Total 2023		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
163,989
-
10,000
-
-
195,382
173,989
195,382
Restricted
funds
2023
Unrestricted
funds
2023
£
£
26,501
-
10,000
-
-
82,034
36,501
82,034		 Total
funds
2024
£
163,989
10,000
195,382
369,371
Total
funds
2023
£
26,501
10,000
82,034
118,535

Page 24

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4. Income from charitable activities

Unrestricted
funds
2024
£
Training
1,335
Outdoor education
655,732
Membership
4,850
Other
4,360
Grants
364,047
Contract income
1,305,376
Duke of Edinburgh
28,782
2,364,482
Total 2023
2,001,929
5.
Investment income
Unrestricted
funds
2024
£
Income from local listed investments
5,476
Investment income
7,006
12,482
Total 2023
3,702		 Total
funds
2024
£
1,335
655,732
4,850
4,360
364,047
1,305,376
28,782
2,364,482
2,001,929
Total
funds
2024
£
5,476
7,006
12,482
3,702		 Total
funds
2023
£
3,415
555,934
4,800
7,682
312,323
1,079,288
38,487
2,001,929
Total
funds
2023
£
2,494
1,208
3,702

Page 25

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6. Other incoming resources

Insurance claims
Government grants
Total 2023		 Unrestricted
funds
2024
£
9,999
-
9,999
13,452		 Total
funds
2024
£
9,999
-
9,999
13,452		 Total
funds
2023
£
4,422
9,030
13,452

7. Analysis of expenditure on charitable activities Summary by fund type

Restricted
funds
2024
Unrestricted
funds
2024
£
£
Youth activities
8,460
2,560,432
Restricted
funds
2023
Unrestricted
funds
2023
£
£
Youth activities
8,661
2,064,688
Summary by expenditure type
Staff costs
2024
Depreciation
2024
Other costs
2024
£
£
£
Youth activities
1,245,615
96,571
1,226,706		 Total
2024
£
2,568,892
Total
2023
£
2,073,349
Total
2024
£
2,568,892

Page 26

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Analysis of expenditure on charitable activities (continued)

Summary by expenditure type (continued)

Staff costs Depreciation Other costs Total
2023 2023 2023 2023
£ £ £ £
Youth activities 1,093,508 90,911 888,930 2,073,348

8. Analysis of expenditure by activities

Youth activities
Youth activities		 Activities
undertaken
directly
2024
£
2,502,081
Activities
undertaken
directly
2023
£
1,997,268		 Support
costs
2024
£
66,811
Support
costs
2023
£
76,080		 Total
funds
2024
£
2,568,892
Total
funds
2023
£
2,073,348

Page 27

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Pension finance costs
Staff costs
Depreciation
Direct activity costs
Premises costs
Staff and office expenses
Motor expenses
Training
General expenses
Legal and professional
Insurances
Equipment purchases
Accountancy fees
Total 2023
Analysis of support costs
Governance costs		 Activities
2024
£
134
1,206,577
87,171
227,269
233,727
202,165
44,923
395,288
36,486
4,717
27,379
24,406
11,839
2,502,081
1,997,268
Activities
2024
£
66,811		 Total
funds
2024
£
134
1,206,577
87,171
227,269
233,727
202,165
44,923
395,288
36,486
4,717
27,379
24,406
11,839
2,502,081
1,997,268
Total
funds
2024
£
66,811		 Total
funds
2023
£
105
1,053,553
81,253
139,983
193,084
120,360
46,402
192,180
32,775
93,037
22,782
9,409
12,345
1,997,268
Total
funds
2023
£
76,080

Page 28

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

9. Auditors' remuneration

2024 2023
£ £
Fees payable to the Company's auditor for the audit of the Company's
annual accounts 10,960 10,680
Fees payable to the Company's auditor in respect of:
All taxation advisory services not included above - 840
All non-audit services not included above 2,880 2,880

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
1,132,789
88,052
24,774
1,245,615		 2023
£
988,055
82,333
23,120
1,093,508

The average number of persons employed by the Company during the year was as follows:

Management and admin
Youth work
Outdoor education		 2024
No.
11
40
9
60		 2023
No.
10
44
10
64

Page 29

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. Staff costs (continued)

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024 2023
No. No.
In the band £60,001 - £70,000 1 2
In the band £70,001 - £80,000 1 -
In the band £80,001 - £90,000 1 1

All Trustees/directors and certain senior employees who have authority and responsibility for planning, directing and controlling the activities of the company are considered to be key management personnel. Total remuneration of these individuals is £324,719 (2023 - £285,524). This represents the four (2023 - four) members of the senior management team.

11. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year ended 31 March 2024, expenses totalling £ NIL were reimbursed or paid directly to Trustees (2023 - £36 to 1 Trustee) . These expenses related to travel and subsistence.

Page 30

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12.
Intangible assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Amortisation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Development
£
10,110
19,200
29,310
1,180
2,662
3,842
25,468
8,930

Page 31

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Tangible fixed assets

Cost or valuation
At 1 April 2023
Additions
Disposals
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
On disposals
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Freehold
property
£
323,717
10,000
-
333,717
37,891
4,446
-
42,337
291,380
285,826		 Assets under
construction
£
19,116
61,863
-
80,979
-
-
-
-
80,979
19,116		 Plant and
machinery
£
399,592
35,023
(9,856)
424,759
208,664
33,115
(4,270)
237,509
187,250
190,928		 Motor
vehicles
£
87,624
-
-
87,624
59,584
4,260
-
63,844
23,780
28,040		 Office
equipment
£
29,772
19,316
(3,700)
45,388
18,881
11,133
(2,512)
27,502
17,886
10,891		 Yurt Village
£
353,685
-
-
353,685
208,191
35,369
-
243,560
110,125
145,494		 Total
£
1,213,506
126,202
(13,556)
1,326,152
533,211
88,323
(6,782)
614,752
711,400
680,295

Page 32

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


Motor Vehicles
 2024
£

-		 2023
£
5,040

During the year it came to the charity's attention that there is a property that is legally owned by the charity in Chalfont St Giles but is not included in the fixed assets above as it has the title but no beneficial interest.

14. Fixed asset investments

Cost or valuation
At 1 April 2023
Revaluations
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023		 Listed
investments
£
149,984
1,217
151,201
151,201
149,984

All the fixed asset investments are held at market value and in the UK.

15. Debtors

Due within one year
Trade debtors
Prepayments and accrued income		 2024
£
53,644
50,101
103,745		 2023
£
54,010
15,004
69,014

Page 33

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

16. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Obligations under finance lease and hire purchase contracts
Other creditors
Accruals and deferred income
Government grants received
Deferred income at 1 April 2023
Resources deferred during the year
Amounts released from previous periods		 2024
£
74,275
21,485
-
17,742
481,877
14,518
609,897
2024
£
446,439
445,695
(372,749)
519,385		 2023
£
47,320
21,845
2,295
14,055
400,509
14,518
500,542
2023
£
498,455
371,349
(423,365)
446,439

The hire purchase balances are secured on the assets that they relate to.

17. Creditors: Amounts falling due after more than one year

2024 2023
£ £
Government grants received 46,038 60,572

Page 34

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

18. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Development fund
Caldecotte capital
appeal
Richard Swann
Bursary Fund
General funds
General Funds - all
funds
Caldecotte Xperience
Total Unrestricted
funds
Restricted funds
Caldecotte Property
Fund
Caldecotte capital
appeal
Total of funds		 Balance at
1 April
2023
£
14,800
100,000
775
115,575
200,616
449,604
650,220
765,795
171,543
26,501
198,044
963,839		 Income
£
Expenditure
£
-
-
-
-
-
-
-
-
1,521,652
(1,559,635)
1,060,694
(1,000,797)
2,582,346
(2,560,432)
2,582,346
(2,560,432)
10,000
(8,460)
163,989
-
173,989
(8,460)
2,756,335
(2,568,892)		 Transfers
in/out
£
(14,800)
15,575
(775)
-
-
-
-
-
-
-
-
-		 Gains/
(Losses)
£
-
-
-
-
816
-
816
816
-
-
-
816		 Balance at
31 March
2024
£
-
115,575
-
115,575
163,449
509,501
672,950
788,525
173,083
190,490
363,573
1,152,098

Page 35

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

18. Statement of funds (continued)

The designated funds are as follows:

All restricted funds have arisen from grants, donations or contract income being received for specific purposes. Sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with any restrictions imposed:

Statement of funds - prior year

Unrestricted funds
Designated funds
Development fund
Caldecotte capital
appeal
Richard Swann
Bursary Fund
General funds
General Funds - all
funds
Caldecotte Xperience		 Balance at
1 April 2022
£
14,800
-
775
15,575
536,880
186,551
723,431		 Income
£
-
-
-
-
1,097,647
1,003,470
2,101,117		 Expenditure
£
-
-
-
-
(1,324,406)
(740,417)
(2,064,823)		 Transfers
in/out
£
-
100,000
-
100,000
(100,000)
-
(100,000)		 Gains/
(Losses)
£
-
-
-
-
(9,505)
-
(9,505)		 Balance at
31 March
2023
£
14,800
100,000
775
115,575
200,616
449,604
650,220

Page 36

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

18. Statement of funds (continued)

Statement of funds - prior year (continued)

Balance at
1 April 2022
£
Total Unrestricted
funds
739,006
Restricted funds
Caldecotte Property
Fund
170,069
Caldecotte capital
appeal
-
170,069
Total of funds
909,075		 Income
£
Expenditure
£
Transfers
in/out
£
2,101,117
(2,064,823)
-
10,000
(8,526)
-
26,501
-
-
36,501
(8,526)
-
2,137,618
(2,073,349)
-		 Gains/
(Losses)
£
(9,505)
-
-
-
(9,505)		 Balance at
31 March
2023
£
765,795
171,543
26,501
198,044
963,839

19. Summary of funds

Summary of funds - current year

Designated
funds
General funds
Restricted funds		 Balance at 1
April 2023
£
115,575
650,220
198,044
963,839		 Income
£
-
2,582,346
173,989
2,756,335		 Expenditure
£
-
(2,560,432)
(8,460)
(2,568,892)		 Transfers
in/out
£
-
-
-
-		 Gains/
(Losses)
£
-
816
-
816		 Balance at
31 March
2024
£
115,575
672,950
363,573
1,152,098

Page 37

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

19. Summary of funds (continued)

Summary of funds - prior year

Designated
funds
General funds
Restricted funds		 Balance at
1 April 2022
£
15,575
723,431
170,069
909,075		 Income
£
-
2,101,117
36,501
2,137,618		 Expenditure
£
-
(2,064,823)
(8,526)
(2,073,349)		 Transfers
in/out
£
100,000
(100,000)
-
-		 Gains/
(Losses)
£
-
(9,505)
-
(9,505)		 Balance at
31 March
2023
£
115,575
650,220
198,044
963,839

20. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
Total		 Restricted
funds
2024
Unrestricted
funds
2024
£
£
378,167
333,233
-
25,469
-
151,201
-
921,603
(14,594)
(595,303)
-
(46,038)
-
(1,640)
363,573
788,525		 Total
funds
2024
£
711,400
25,469
151,201
921,603
(609,897)
(46,038)
(1,640)
1,152,098

Page 38

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

20. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
Total		 Restricted
funds
2023
£
333,853
-
-
-
(135,809)
-
-
198,044		 Unrestricted
funds
2023
£
346,442
8,931
149,984
689,255
(364,733)
(60,572)
(3,512)
765,795		 Total
funds
2023
£
680,295
8,931
149,984
689,255
(500,542)
(60,572)
(3,512)
963,839

21. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Amortisation charges
Gains/(losses) on investments
Loss on the sale of fixed assets
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Defined benefit pension scheme adjustment
Net cash provided by operating activities		 2024
£
188,660
88,323
2,662
(1,218)
5,568
(34,731)
97,116
(2,272)
344,108		 2023
£
54,670
86,572
1,180
9,599
3,159
42,358
(48,345)
(1,902)
147,291

Page 39

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

22. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2024
£
817,858
817,858		 2023
£
620,241
620,241

23. Analysis of changes in net debt

Cash at bank and in hand
Finance leases		 At 1 April
2023
£
620,241
(2,295)
617,946		 Cash flows
£
197,617
2,295
199,912		 At 31 March
2024
£
817,858
-
817,858

24. Pension commitments

The charitable company operates both a Defined benefit and defined contribution pension schemes.

Action4Youth participates in The Pensions Trust’s Growth Plan (the Plan). The Plan is funded and is not contracted-out of the State scheme. The Plan is a multi-employer pension plan. A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £800.3m, liabilities of £831.9m and a deficit of £31.6m. The 2023 actuarial valuation is underway currently but no figures are yet available. To eliminate this funding shortfall, the Trustee has asked the participating employers to pay additional contributions to the scheme.

Contributions paid into the Plan up to and including September 2001 were converted to defined amounts of pension payable from Normal Retirement Date. From October 2001 contributions were invested in personal funds which have a capital guarantee and which are converted to pension on retirement, either within the Plan or by the purchase of an annuity.

The rules of the Plan give the Trustee the power to require employers to pay additional contributions in order to ensure that the statutory funding objective under the Pensions Act 2004 is met. The statutory funding objective is that a pension scheme should have sufficient assets to meet its past service liabilities, known as Technical Provisions.

As at the balance sheet date, Action4Youth had one active member of the Plan. Action4Youth has closed the Plan to new entrants.

The charity has calculated the deficit under the net present value of future cash flows method, permitted under FRS 102, the deficit of the pension scheme is £1,640 (2023 - £3,512) is materially correct.

Page 40

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

24. Pension commitments (continued)

The total contributions made for the year ended 31 March 2024 were £26,781 (2023 - £25,127) of which £2,007 (2023 - £2,007) were deficit payments. Therefore the charge to the Statement of Financial Activities for the defined contribution scheme is £24,774 (2023 - £23,120).

Value of scheme assets and liabilities

Net pension liability
Movements in deficit during the year:
Deficit in scheme at beginning of year
Interest expense
Contributions
Actuarial (gain)/loss
Deficit in scheme at end of year		 2024
2023
£
£
1,640
3,512
2024
2023
£
£
3,512
5,508
134
105
(2,007)
(2,007)
1
(94)
1,640
3,512

25. Operating lease commitments

At 31 March 2024 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years		 2024
£
66,513
166,561
220,110
453,184		 2023
£
60,704
162,482
212,471
435,657

26. Members' liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

Page 41

Docusign Envelope ID: 399B73C7-DFF6-40C4-BCEE-BF5BD27EAED5

ACTION4YOUTH

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

27. Post balance sheet events

Post year end the charity has completed on the George Amey Centre and now has 100% ownership for no paid consideration, instead of it increasing by 2% every year until they have complete ownership, as was originally agreed with Milton Keynes Council.

28. Controlling party

The Trustees believe that there is no ultimate controlling party.

Page 42