YOUTH CREATE Accounts Year Ended 31 August 2024.
Registered Charity No: 1040008
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YOUTH CREATE Company Limited by Guarantee Registered No. 1040008
Statement of Financial Activities for the Year Ended 31 August 2024
| Notes | Unrestricted Funds |
Restricted Funds |
Total 2024 |
Total 2023 |
|
|---|---|---|---|---|---|
| Incoming Resources Grants&Donation Membershipfees Fundraising, Production andotheractivities Bank interest |
2 | £ 2,291 46,530 6,187 |
£ 3,150 - : |
£ 5,441 46,530 6,187 - |
£ 4,307 43,679 4,347 - |
| Total Income Resources | 55,008 | 3,150 | 58,158 | 52,333 | |
| ————— | |||||
| Resources Expended | |||||
| Direct Charitable Expenditure Other Expenditure: CostofGenerating funds |
47,791 | 3,150 - |
50,941 - |
47,123 - |
|
| Management and Admin | 311 | - | 311 | 240 | |
| Total Resources Expended | 48,102 | 3,150 | 51,252 | 47,363 | |
| Net Incoming Resources forthe | |||||
| year | 6,906 | - | 6,906 | 4,970 | |
| Balances Brought forward | |||||
| at1September | 8,695 | - | 8,694 | 3,725 | |
| Balances Carried Forward | |||||
| at31August | 15,601 | - | 15,600 | 8,695 |
There were no recognised gains and losses other than those included in the results above and therefore no separate statement of total recognised gains and losses has been presented.
All the above amounts relate to continuing activities.
The notes on pages 4 to 6 form part of these financial statements.
(1)
YOUTH CREATE Company Limited by Guarantee Registered No. 1040008
Accountants Report to the directors on the unaudited Financial statements of Youth Create for the year ended 34 August 2024,
As described on the balance sheet you are responsible for the preparation of the accounts for the year ended 31 August 2024, set out on the attached pages and you consider that the company is exempt from audit. In accordance with your instructions | have compiled these unaudited accounts in order to assist you to fulfil your statutory responsibilities from the accounting records and information supplied to me.
Cater. Tonaer Graham Johnson Hythe Kent
I) Jos 25,
Dated
(2)
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YOUTH CREATE
Company Limited by Guarantee
Registered No. 1040008
Balance Sheet as at 31 August 2024
Noles 20024 2023
£ £
Tangible fixed assets 3 : 259
Current assets
Debtors and prepayments 4 459 285
Cash at bank and in hand 15,267 8,151
15,726 8,436
Creditors: Amounts falling due
within one year 5 (125) So
| Net Assets 15,601 8,436
Seer a
Total Assets 15,601 8,695
Represented by: 7
| Restricted funds - :
| Unrestricted funds 15,601 8,695
| ~~ 15,601 ~~ 6,695
|
| In preparing these financial. statements: = ——=——S=—=___—
| The Directors confirm that for the year in question the company was entitled to the exemption
| from the requirement to have an audit under the provisions of section 477 of the Companies Act
| 2006. No Notice Has been deposited at the registered office of the company pursuant to section 476 c
audit be conducted for the year ended 31 August 2024.
The directors acknowledge their responsibilities for:
(I) ensuring the company keeps accounting records which comply with section 386 of the
Companies Act 2006, and
| (ii) preparing the financial statements which give a true and fair view of of the state of affairs of
| the company as at the year end and of its surplus or deficiency for the financial year in
| accordance with the requirements of section 394 and 395 of the Companies Act 2006 relating
|: to financial statements so far as applicable to the company.
|
| These financial statements have been prepared in accordance with the special provision relating
to the small companies regime within Part 15 of the Companies Act 2006 and FRS105 the
Financial Reporting Standard applicable to the Micro-entities regime.
Approved by the Board of Trustees on 11.03.25 and signed on its behalf
Ay f
Hugh Patrick Linden
Director
----- End of picture text -----*
The notes on pages 4 to 6 form part of these financial statements
(3)
| Jack Petchey Foundation 3,150 2,346 | Sawbridgeworth Mayoral Fund 1,516 | East Herts Council | Other Grants and Donations 835 1,961 5,501 4,307 | Grants and Donations included above are adjusted for Accruals and Prepayments calculated | at 31 August 2024 and 31 August 2023. (See note 1c above) | : |
YOUTH CREATE Company Limited by Guarantoo Roglsterod No. 1040008
Notes to the Financial Statements for the Yoar Ended 31 Auqust 2024
- 1 Accounting Policies
a) Basis of Accounting The financial statements have been prepared under the historical cost convention; and ;in accordance with the: Financial; , Reporting Standard for Smaller Entities and in accordance with the recommendations contained in the Statement of Recommended Practice "Accounting by Charities" and applicable accounting standards. A separate income and expenditure account has not been prepared as the information required is included in the statement of financial activities on page 1. b) Donations and Fund Raising whenVoluntaryrece i vedncome received by way of donations and fund raising is included in full in the statement of financial activityc) Grants
b) Donations and Fund Raising
Revenue grants are credited to incoming resources at the earlier date of when they were received. or when they are receivable, unless they relate to a specified future Period in which case they are deferred. Accruals and Prepayments are calculated accordingly.
d) Interest Receivable
Interest is accounted for on a receipts basis
e) Expenditure
Expenditure is charged on an accruals basis.
f) Expenditure has been classified as direct charitable expenditure where substantially all the costs incurred in the expenditure heading relate to the advancement in education of young people in the arts and science of theatre, music and other performing arts.
| 2 | GrantsandDonations | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Jack Petchey FoundationPetchey FoundationFoundation Sawbridgeworth Mayoral Fund East Herts CouncilHerts Council Other Grants and Donationsand DonationsDonations |
3,150 1,516 835 5,501 |
2,346 1,961 4,307 |
(4)
YOUTH CREATE Company Limited by Guarantoo Rogistered No. 1040008
Notes to the Financial Statements for the Year Ended 31 August 2024 (cont)
| 3 | Tangible Fixed Assets | 2024 | 2023 |
|---|---|---|---|
| Office Equipment | £ | £ | |
| CostAt 1 September Additions During Year |
5,113 - |
5,113 - |
|
| Assets Scrapped | - | - | |
| Cost at31 August | 5,113 | "5,113 | |
| Depreciation | |||
| At1September Charge forYear |
4,854 259 |
4,854 - |
|
| Assets Scrapped | - | - | |
| At 31 August | 5,113 | 4,854 | |
| WDVat31August | - | 259 |
All fixed assets are held for the general use of the charity and no distinction is possible between the direct charitable and administrative or fundraising uses.
| All fixed assetsfixed assetsassets are heldheld for the generalthe generalgeneral use of the charity andthe charity andcharity andand no the direct charitable andcharitable andand administrative or fundraisingfundraising uses. |
no distinction is | is possible between | between | ||
|---|---|---|---|---|---|
| 4 | Debtors | 2024 | 2023 | ||
| Due Within One Year | £ | - | £ | - | |
| Debtors and prepayments | 459 | 284 | |||
| 459 | 284 | ||||
| 5 | Creditors: Amounts Falling Due Within One Year | ||||
| 2024 | 2023 | ||||
| Accruals & Prepaid Income | £ | 125 | £ | - | |
| 125 | - |
6 Taxation
All the company's income is applied for charitable purposes and therefore the charity is exempt from corporation tax.
(5)
|
YOUTH CREATE Company Limited by Guarantee Registered No, 1040008
Notes to the Financial Statements for the Year Ended 31 August 2024, (cont)
7 Share capital
The company is limited by guarantee and does not have a share capital. Each member's guarantee is limited to £1.
8 Trustees
No trustee received any remuneration for his or her service. During the year no trustees were reimbursed for travel and subsistence expenses.
9 Donations in Kind
The charity has benefited from the services of unpaid volunteers and donations in kind (including services provided free to the charity) and these services have been evaluted in the sum of £21,060 (2023 £21,060)
(6)
Trustees Report 2023/2024
A Note from the Chair:
“This has been another year of superb performing, so many shows during the academic year, with all our members taking part. Skill & Pro Station came runners up for the second time at the Final of the Jack Petchey Glee Club Challenge held at the IndigQ2. It has been wonderful to see our members enjoying their various roles in the many performances Youth Create has put on this past year. Our Artistic Director and the very hardworking team of tutors, support staff and volunteers have continued to take the charity forward. | consider the success of Youth Create to be a combination of the staff, volunteers and our very talented members. They and their families are instrumental! in keeping this creative, as well as supportive, network strong. | hope that you will continue to support Youth CREATE in the future, to continue providing our exceptional classes to all the local children and young people we can.”
ee
As of September 2023 the number of attendees at Youth CREATE has remained consistent, with approximately 131 members across all classes. This is an increase from the previous years number of subscriptions (approx, 114).
Once again the Staff and volunteers arranged a fantastic ‘Welcome Back!’ picnic on the 10th of September 2023. This event has fast become a favourite with our members’ families. A lot of activities were provided, including a bouncy castle, family games, ice cream and of course some singing. It was a great start to the new academic year 2023-2024.
Towards the end of 2023, we had our older members in Skill & Pro Station perform at the PACT for Autism Ball, the attendees were very impressed with their performance. The local Christmas Lights switch on was enjoyed by many, once again. We hada full house with two Christmas shows, performed on the 9th and 10th of December respectively. Again, both very successful and raised some always needed funds for Youth Create.
We had many appearances and fundraising activities, including the always popular Family New Year’s Eve Party, Bingo Afternoon, taking part in local community events, to name a few.
Youth Create is firmly in the tech age, we’re happy to note. Classes, uniform purchases and school holiday classes are all able to be subscribed to or purchased online.
We continue to try and keep up with technology and investigate ways we can streamline and make it easier for our members and their families/carers to access what we offer.
We also welcomed a new trustee — Mrs Vicky Draper, to our board of Trustees at our last AGM. We're very glad Vicky is on board and ready to take on Trustee duties with us.
Our current committee is now as follows:
-
e@ Andrea Stamadiades
-
e Vicky Draper
-
e@ Hugh Linden
-
@ Katie Wood
-
@ Nicola McCormack
Youth Create also said goodbye to our former Co-Treasurer, Kathy Shearman, who was instrumental in getting the pro rata wages system up and running, as well as setting up the cash book, for future Treasurers of the charity to use. We thank Kathy for all the help she gave to the charity while she was a trustee and wish her every success for the future.
We received some exceedingly kind donations, which are noted in our annual accounts. We continue to show our gratitude to all that offer and donate what they can to our charity.
We offer congratulations to both Connor Linden, who got married in June to his fiance, Kelly. And to Abbie, who got married in the Autumn of 2024, to her fiance Jamie.
Once again, in closing, | would like to thank our amazing staff, Connor Linden, Abbie Powter, Caroline Cole and Eve Corcoran. Thank you to all Trustees and all our volunteers, supporters and especially the members who have helped Youth Create over this past year.