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YOUNG PEOPLE FIRST (MIDLANDS)
CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2021
Page
Reference and Administrative Details 1
Report of the Trustees 2 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Notes to the Financial Statements 14 to 25
Detailed Statement of Financial Activities 26 to 27
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socialise, enjoy positive activities and access the support of professional youth workers as and when needed. All of these services were offered for free to local young people. The charity continued to innovate during this time. One such way was the new community cafes delivered in partnership with Myton Church that ran throughout the half term and school summer holidays. Offering free cooked meals to local residents we were able to cultivate stronger relationships with families and carers which gave us greater insight into the circu g people. This was done whilst also continuing to offer a fully funded sum with free trips to national attractions and specialist-led activities. None of enjoyed without us.
Another exciting area of innovation w s to online donations we raised over £700 and were able to provide over h sweets, treats and snacks for local families who had been deeply affe lockdowns. We repeated it again in December 2021 and thanks to our Group we were able to double the number of hampers delivered.
Throughout lockdown we were unab s. Schools at the time were the only place that offered any in-person sup ising that the charity invested heavily in its school service which had been anager appointed to oversee all our schools work our intention was to o ools assisting them in pastoral care. Beginning in Campion School, our s and within weeks we had a caseload that exceeded our capacity. In total w the course of the year. The charity now operates in two se |. We provide three small groups a week that meet for a fixed period of time a e of concern whether it be anger, anxiet relationships. We also provide 22 mento | of which are delivered by our team of professional youth workers. With our focus ngage young people at the earliest sign of concern and will continue to work with them hanges that occurred during our res ur delivery plans. Over the past 12 months we: 1) Reorganised our office environmen space for all staff to meet at the same time whilst adhering to social distancing g 2) Upgraded our CCTV system to prov young people and community residents 3) Conducted repairs on our outdoor sp a more effective space for young people 4) Set up a Young People First ‘Heart could apply to in order to purchase specific items, like new shoes, for vulnerable young people who do not have the financial means. 5) Improved our financial and fundraising reporting so the charity is better able to predict and prepare for leaner times should they arise. 6) Revisited and updated all of our policies and procedures including issuing a new staff handbook. We would like to draw attention to the following areas that we are particularly proud of:
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We also wish to acknowledge our supporters whose assistance was greatly appreciated.
| Deeley Group | RBH Creative | Wright Hassall |
| HB&O Financial Services | ARHR Consultancy | Myton Church |
YOUNG PEOPLE FIRST (MIDLANDS)
REPORT OF THE TRUSTEES
for the year ended 31 March 2021
Presidents and Vice Presidents
President - Tim Cox, Lord Lieutenant of Warwickshire Vice Presidents - Robert Aldenton, The Lady Butterworth, Mervyn Kimberley, Tony Parsons, Ben Wesson, The Hon. Mrs Wheeler Bennett and Mrs B.E. Winstanley MBE, DL.
Board of Trustees
We have actively encouraged young people under the age of 25 to become trustees and 57% of our Board are young people elected before their 25th birthday and we aim to increase this. The directors of the charitable company (the charity) are its Trustees for the purpose of charitable law and throughout this report are collectively referred to as the Trustees.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr D N Marr (Chairman) Ms C Dobbs (Resigned January 2021) Mr P Street Ms K Whitehead Mr M Burns-Jackson
Mr L Elpitya Ms Beth Zeen (Resigned December 2021)
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Public Benefit The Trustees complied with their duty to have due regard to the Charity Commission's public benefit guidance (set out in section 40 of the Charities (Accounts and Reports) Regulations
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
YOUNG PEOPLE FIRST (MIDLANDS)
Independent examiner's report to the trustees of Young People First (Midlands) (‘the Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried
out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member ofa listed body. I can confirm
that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed
bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any
requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities (applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)).
Ihave no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Gregg Olner MPhil BA (Hons) ACA
Harrison Beale & Owen Limited
Chartered Accountants
Highdown House
11 Highdown Road
Leamington Spa
Warwickshire
CV31 1XT
Date: cece ec eeeceeeseeereseeeneeeeeeee
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YOUNG PEOPLE FIRST (MIDLANDS)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2021
2021 2020 Unrestricted Restricted Total Total funds funds funds funds Notes £ £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 56,146 1,000 57,146 90,258 Charitable activities 6 Supporting Young People - 164,645 164,645 273,748 Other trading activities 4 11,913 - 11,913 28,576 Investment income 5 88 1 89 675 Other income 50,279 - 50,279 1,960 Total 118,426 165,646 284,072 395,217
EXPENDITURE ON Raising funds
Raising funds 7 25,549 - 25,549 44,993 Charitable activities 8 Supporting Young People 124,466 171,957 296,423 369,021 Total 150,015 171,957 321,972 414,014 Net gains/(losses) on investments ~~16,562 24,842 41,404 (27,831)~~ NET INCOME/(EXPENDITURE) (15,027) 18,531 3,504 (46,628) Transfers between funds 18 14,357 (14,357) - - Net movement in funds (670) 4,174 3,504 (46,628) RECONCILIATION OF FUNDS Total funds brought forward 523,057 333,424 856,481 903,109 TOTAL FUNDS CARRIED FORWARD 522,387 337,598 859,985 856,481
CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities.
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
The notes form part of these financial statements
YOUNG PEOPLE FIRST (MIDLANDS)
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BALANCE SHEET
31 March 2021
2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 14 393,392 - 393,392 416,455
Investments 15 93,795 80,376 174,171 132,767
487,187 80,376 567,563 549,222
CURRENT ASSETS
Debtors 16 5,626 - 5,626 15,260
Cash at bank 53,329 387,679 441,008 358,809
58,955 387,679 446,634 374,069
CREDITORS
Amounts falling due within one year 17 (23,755) (130,457) (154,212) (66,810)
NET CURRENT ASSETS 35,200 257,222 292,422 307,259
TOTAL ASSETS LESS CURRENT
LIABILITIES 522,387 337,598 859,985 856,481
NET ASSETS 522,387 337,598 859,985 856,481
FUNDS 18
Unrestricted funds 522,387 523,057
Restricted funds 337,598 333,424
TOTAL FUNDS 859,985 856,481
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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.
The notes form part of these financial statements
continued...
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YOUNG PEOPLE FIRST (MIDLANDS)
BALANCE SHEET- continued
31 March 2021
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
sistisesesseceeeeesssseeeeseeseseeeeeeeeees ad Were signed on its behalf by:
D N Marr - Trustee
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The notes form part of these financial statements
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YOUNG PEOPLE FIRST (MIDLANDS)
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2021
1. CHARITY INFORMATION
Young People First (Midlands) is a private company limited by guarantee incorporated in England and Wales.
The registered office is Jubilee House, Westlea Road, Leamington Spa, Warwickshire, CV31 3JE.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’,
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost
convention, with the exception of investments which are included at market value, as modified by the
revaluation of certain assets.
Going concern
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At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has
adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to
adopt the going concern basis of accounting in preparing the financial statements.
Critical accounting judgements and Key sources of estimation uncertainty
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised where the revision affects only that period, or in the
period of the revision and future periods where the revision affects both current and future periods.
No significant judgements have had to be made by the trustees in preparing these financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable that the income will be received and the amount can be measured reliably.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of
the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation
to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the
amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is
incurred. Grants of a capital nature are attributed to the relevant capital item to which the grant is in respect of
and amortised over the remaining useful life of the asset concerned.
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.
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YOUNG PEOPLE FIRST (MIDLANDS)
NOTES TO THE FINANCIAL STATEMENTS- continued
for the year ended 31 March 2021
2. ACCOUNTING POLICIES- continued
Expenditure
Costs of raising funds comprise the costs associated with attracting voluntary income and the costs of trading for
fundraising purposes and the cost of staff involved in the raising of funds and their associated support costs.
Expenditure on charitable activities includes the costs incurred by the charity in the delivery of its activities and
services for its beneficiaries and their associated support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Support costs relate to expenditure that has been incurred on functions that assist the work of the charity but do
not directly relate to charitable activities.
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Tangible fixed assets Tangible fixed assets costing £1,000 or more are capitalised and initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of the assets less their residual values over their useful lives on the following bases: Leasehold Land Over the term of the lease Leasehold Buildings Over the shorter of 50 years or the lease term Over the term of the 10 year licence to occupy the land until Refurbishment of Sports Court 29 May 2024 Motor Vehicles Over 5 years (20% SL) Fixtures and Fittings Over 4 years (25% SL) Computers Over 3 years (33% SL) The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. Impairment of fixed assets At each reporting date the charity reviews the carrying amounts of its assets to determine whether there is any indication that those assets are included in the financial statements at an amount in excess of either the expected sale proceeds or the value to the charity obtainable through future use (the recoverable amount). If an asset is held on the balance sheet at an amount greater than the recoverable amount then an impairment loss is recognised in the SoFA to reduce the asset value.
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. Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. 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. Foreign currencies Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
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YOUNG PEOPLE FIRST (MIDLANDS)
NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2021
- ACCOUNTING POLICIES- continued
Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. The charity initially contributes 3% and matches employee contributions up to 8% of salary into the defined contribution scheme.
Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments’ and section 12 'Other Financial Instruments’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured a t transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
Reserves policy The Board of Trustees agreed in July 2021 that the charity would seek to retain a free reserve of three months running costs in addition to the organisational shutdown costs, which were recently estimated at £35,000. The charity has succeeded in meeting this target.
DONATIONS AND LEGACIES
Donations
2021 2020 Unrestricted Restricted Total Total funds funds funds funds £ £ £ £ ~~56,146 1,000 57,146 90,258~~
continued...
YOUNG PEOPLE FIRST (MIDLANDS)
NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2021
- OTHER TRADING ACTIVITIES
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2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Fundraising events 913 - 913 16,461
Rent received 11,000 - 11,000 12,115
11,913 - 11,913 28,576
5. INVESTMENT INCOME
2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Interest receivable 88 1 89 423
Dividends receivable - - - 252
88 1 89 675
6. INCOME FROM CHARITABLE ACTIVITIES
2021 2020
Activity £ £
Youth Work Supporting Young People - 1,000
Sharp Minds Supporting Young People 36,768 103,236
Leaving Care Supporting Young People 9,997 92,530
Brunswick Youth Project Supporting Young People 4,080 76,982
Communities & Groups Supporting Young People 36,354 -
Mentoring & Schools Supporting Young People 77,446 -
164,645 273,748
7. RAISING FUNDS
Raising donations and legacies
2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Staff costs 24,787 - 24,787 20,978
Fundraising costs 762 - 762 24,015
25,549 - 25,549 44,993
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- RAISING FUNDS
continued...
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YOUNG PEOPLE FIRST (MIDLANDS)
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NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2021
- CHARITABLE ACTIVITIES COSTS
Support Direct costs (see Costs note 9) Totals £ £ £ ~~143,098 153,325 296,423~~ Governance Management Finance costs Totals £ £ £ £ 132,824 333 20,168 153,325 2021 2020 Supporting Young Total People activities £ £ 70,651 57,365 - 3,478 2,525 2,488 4,328 4,239 4,846 7,358 1,469 1,719 2,910 4,392 19 3,569 2,913 4,502 10,559 9,809 15,780 8,109 1,342 1,571 - 2,263 15,482 10,725 132,824 121,587 2021 2020 Supporting Young Total People activities £ £ 333 451 ~~: 34~~ 333 485
Supporting Young People 9. SUPPORT COSTS Supporting Young People
Support costs, included in the above, are as follows: Management Wages Rates and water Insurance Light and heat Telephone & internet Postage and stationery Sundries Travelling Staff training IT & computer costs Repairs and renewals Motor running costs Entertainment Depreciation of tangible and heritage assets
Finance
Bank charges Exchange rate variance
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YOUNG PEOPLE FIRST (MIDLANDS)
NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2021
- SUPPORT COSTS- continued Governance costs
2021 2020 Supporting Young Total People activities £ £ Independent examiner's remuneration 2,700 2,640 Legal and professional 17,072 3,587 Accountancy fees ~~396 3,480~~ 20,168 9,707 10. ©.NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2021 2020 £ £ Depreciation - owned assets 23,063 18,306
- ©TRUSTEES' REMUNERATION AND BENEFITS The charity trustees were not paid nor received any other benefits from employment with the charity (2020 - £nil) neither were they reimbursed expenses during the year (2020 - £nil). No charity received payment for professional or other services supplied to the charity (2020 - £nil).
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. 12. STAFF COSTS 2021 2020 £ £ Wages and salaries 206,549 254,372 Social security costs 10,214 15,538 Other pension costs 8,172 9,704 224,935 279,614
The charity considers its key management personnel to be the trustees, the Chief Officer, the Deputy Chief Officer, and the Finance Officer. The total employment benefits including employer pension contributions of the key management personnel was £91,977 (2020 - £96,058).
The average monthly number of employees during the year was as follows:
Staff
2021 2020 12 16
No employees received emoluments in excess of £60,000.
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YOUNG PEOPLE FIRST (MIDLANDS)
NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2021
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND AND ENDOWMENTS FROM Donations and legacies 90,258
Unrestricted Restricted Total funds funds funds £ £ £ INCOME AND AND ENDOWMENTS FROM Donations and legacies 90,258 - 90,258 Charitable activities Supporting Young People 1,000 272,748 273,748 Other trading activities 28,576 - 28,576 Investment income 575 100 675 Other income 1,960 - 1,960 Total 122,369 272,848 395,217 EXPENDITURE ON Raising funds 31,515 13,478 44,993 Charitable activities Supporting Young People 208,615 160,406 369,021 Total 240,130 173,884 414,014 Net gains/(losses) on investments (16,699) (11,132) (27,831) NET INCOME/(EXPENDITURE) (134,460) 87,832 (46,628) RECONCILIATION OF FUNDS Total funds brought forward 657,518 245,591 903,109 TOTAL FUNDS CARRIED FORWARD 523,058 333,423 856,481 TANGIBLE FIXED ASSETS Fixtures Freehold and Motor property fittings vehicles Totals £ £ £ £ COST At 1 April 2020 and 31 March 2021 849,915 48,829 7,546 906,290 DEPRECIATION At | April 2020 433,460 48,829 7,546 489,835 Charge for year ~~23,063 - - 23,063~~ At 31 March 2021 456,523 48,829 7,546 512,898 NET BOOK VALUE At 31 March 2021 393,392 - - 393,392 At 31 March 2020 416,455 - - 416,455
- TANGIBLE FIXED ASSETS
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YOUNG PEOPLE FIRST (MIDLANDS)
NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2021
-
FIXED ASSET INVESTMENTS
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FPCAF
Fixed FPCAF UK
Interest Equity Totals
£ £ £
MARKET VALUE
At 1 April 2020 19,660 113,107 132,767
Revaluations 1,575 39,829 41,404
At 31 March 2021 21,235 152,936 174,171
NET BOOK VALUE
At 31 March 2021 21,235 152,936 174,171
At 31 March 2020 19,660 113,107 132,767
There were no investment assets outside the UK.
Cost or valuation at 31 March 2021 is represented by:
FPCAF
Fixed FPCAF UK
Interest Equity Totals
£ £ £
Valuation in 2021 21,235 152,936 174,171
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade debtors 704 13,272
Other debtors - 260
Prepayments and accrued income 4,922 1,728
5,626 15,260
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade creditors 785 1,939
Social security and other taxes 1,064 7,048
Other creditors 1,290 1,167
Deferred income 145,456 47,160
Accrued expenses 5,617 9,496
154,212 66,810
An amount totalling £32,160 (2020 - £9,997) was released to income during the year in respect of deferred
grants where the associated performance conditions were satisfied. An amount totalling £145,456 (2020 -
£47,160) was included within deferred income awaiting satisfaction of various performance conditions.
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YOUNG PEOPLE FIRST (MIDLANDS)
NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2021
MOVEMENT IN FUNDS
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Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.21
£ £ £ £
Unrestricted funds
Free reserves 106,602 8,036 14,357 128,995
Unrestricted fixed assets 416,455 (23,063) - 393,392
523,057 (15,027) 14,357 522,387
Restricted funds
Sharp Minds 58,934 1,392 (60,326) -
International Youth Exchange 98,288 - (98,288) -
Leaving Care 73,369 (23,474) (49,895) -
Brunswick Youth Project 47,199 (14,259) (32,940) -
Argyle-Robinson 55,634 24,843 (101) 80,376
Communities & Groups - (7,343) 119,115 111,772
Mentoring & schools - 37,372 108,078 145,450
333,424 18,531 (14,357) 337,598
TOTAL FUNDS 856,481 3,504 - 859,988
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
Free reserves 118,426 (126,952) 16,562 8,036
Unrestricted fixed assets - (23,063) - (23,063)
118,426 (150,015) 16,562 (15,027)
Restricted funds
Sharp Minds 36,768 (35,376) - 1,392
Leaving Care - (23,474) - (23,474)
Brunswick Youth Project 14,077 (28,336) - (14,259)
Argyle-Robinson 1 - 24,842 24,843
Communities & Groups 36,854 (44,197) - (7,343)
Mentoring & schools 77,946 (40,574) - 37,372
165,646 (171,957) 24,842 18,531
TOTAL FUNDS 284,072 (321,972) 41,404 3,504
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Net movement in funds, included in the above are as follows:
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YOUNG PEOPLE FIRST (MIDLANDS)
NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2021
- MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
Net movement At At 1.4.19 in funds 31.3.20 £ £ £ Unrestricted funds Free reserves 222,757 (116,155) 106,602 Unrestricted fixed assets 434,761 (18,306) 416,455 657,518 (134,461) 523,057 Restricted funds Sharp Minds 23,464 35,470 58,934 International Youth Exchange 98,288 - 98,288 Leaving Care 32,144 41,225 73,369 Brunswick Youth Project 25,029 22,170 47,199 Argyle-Robinson ~~66,666 (11,032) 55,634~~ 245,591 87,833 333,424 TOTAL FUNDS 903,109 (46,628) 856,481 Comparative net movement in funds, included in the above are as follows: Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ Unrestricted funds Free reserves 122,369 (221,825) (16,699) (116,155) Unrestricted fixed assets - (18,306) - (18,306) 122,369 (240,131) (16,699) (134,461) Restricted funds Sharp Minds 103,235 (67,765) - 35,470 Leaving Care 92,531 (51,306) - 41,225 Brunswick Youth Project 76,982 (54,812) - 22,170 Argyle-Robinson ~~100 - (11,132) (11,032)~~ 272,848 (173,883) (11,132) 87,833 TOTAL FUNDS ~~395,217 (414,014) (27,831) (46,628)~~
continued...
YOUNG PEOPLE FIRST (MIDLANDS)
NOTES TO THE FINANCIAL STATEMENTS- continued for the year ended 31 March 2021
- MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows:
Net Transfers movement between At At 1.4.19 in funds funds 31.3.21 £ £ £ £ Unrestricted funds Free reserves 222,757 (108,119) 14,357 128,995 Unrestricted fixed assets 434,761 (41,369) - 393,392 657,518 (149,488) 14,357 522,387 Restricted funds Sharp Minds 23,464 36,862 (60,326) - International Youth Exchange 98,288 - (98,288) - Leaving Care 32,144 17,751 (49,895) - Brunswick Youth Project 25,029 7,911 (32,940) - Argyle-Robinson 66,666 13,811 (101) 80,376 Communities & Groups - (7,343) 119,115 111,772 Mentoring & schools ~~37,372 108,078 145,450~~ 245,591 106,364 (14,357) 337,598 TOTAL FUNDS 903,109 (43,124) - 859,985
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Unrestricted funds Free reserves Unrestricted fixed assets
Restricted funds Sharp Minds Leaving Care Brunswick Youth Project Argyle-Robinson Communities & Groups Mentoring & schools
TOTAL FUNDS
Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ 240,795 (348,777) (137) (108,119) - (41,369) - (41,369) 240,795 (390,146) (137) (149,488) 140,003 (103,141) - 36,862 92,531 (74,780) - 17,751 91,059 (83,148) - 7,911 101 - 13,710 13,811 36,854 (44,197) - (7,343) ~~77,946 (40,574) - 37,372~~ 438,494 (345,840) 13,710 106,364 679,289 (735,986) 13,573 (43,124)
Free reserves represent amounts held to further the charitable objectives as the trustees see fit.
The unrestricted fixed asset fund is a designated pot set aside to recognise the net book value of the fixed assets used by the charity.
Sharp Minds uses group activities and one to one support to promote metal well-being among young people with emotional difficulties.
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YOUNG PEOPLE FIRST (MIDLANDS)
NOTES TO THE FINANCIAL STATEMENTS- continued
for the year ended 31 March 2021
18. MOVEMENT IN FUNDS- continued
International Youth Exchange is used to fund international youth exchanges by young people.
Leaving Care represents amounts donated to fund group activities and one to one mentoring across Coventry
and Warwickshire to support young people leaving care.
Brunswick Youth Project is an open access youth project that offers provision to young people on the
Brunswick Estate.
Argyle-Robinson represents amounts donated in memory of Ronald Geoffrey Argyle-Robinson to support our
work with young people and youth groups in Leamington, Radford Semele, Whitnash and Bishops Tachbrook.
Communities & Groups has been set up to help young people in the Warwick district community with
after-school and evening clubs and holiday provision.
Mentoring & schools is for helping young people in education and to support their mental health and wellbeing.
19. ©RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
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YOUNG PEOPLE FIRST (MIDLANDS)
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2021 2021 2020 £ £ INCOME AND ENDOWMENTS Donations and legacies Donations 57,146 90,258 Other trading activities Fundraising events 913 16,461 Rent received 11,000 12,115 11,913 28,576 Investment income Interest receivable 89 423 Dividends receivable - 252 89 675 Charitable activities Youth Work - 1,000 Sharp Minds 36,768 103,236 Leaving Care 9,997 92,530 Brunswick Youth Project 4,080 76,982 Communities & Groups 36,354 - Mentoring & Schools 77,446 - 164,645 273,748 Other income Other income 5,225 1,960 CJRS grant 45,054 - 50,279 1,960 Total incoming resources 284,072 395,217 EXPENDITURE Raising donations and legacies Wages 24,787 20,978 Fundraising costs ~~762 24,015~~ 25,549 44,993 Charitable activities Wages 111,111 176,029 Social security 10,214 15,538 Pensions 8,172 9,704 Youth Work 1,016 18,911 Carried forward 130,513 220,182
This page does not form part of the statutory financial statements
YOUNG PEOPLE FIRST (MIDLANDS) DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2021 2021 2020 £ £ 130,513 220,182 23 4,502 75 1,637 178 3,340 1,029 - 3,699 - ~~7,581 7,581~~ 143,098 237,242 70,651 57,365 - 3,478 2,525 2,488 4,328 4,239 4,846 7,358 1,469 1,719 2,910 4,392 19 3,569 2,913 4,502 10,559 9,809 15,780 8,109 1,342 1,571 - 2,263 15,482 10,725 132,824 121,587 333 451 - 34 333 485 remuneration 2,700 2,640 17,072 3,587 396 3,480 20,168 9,707 321,972 414,014 and losses (37,900) (18,797) and losses asset investments ~~41,404 (27,831)~~ 3,504 (46,628)
Charitable activities Brought forward Sharp Minds Leaving Care Brunswick Youth Project Communities & Groups Mentoring & Schools Freehold property Support costs Management Wages Rates and water Insurance Light and heat Telephone & internet Postage and stationery Sundries Travelling Staff training IT & computer costs Repairs and renewals Motor running costs Entertainment Freehold property
Finance Bank charges Exchange rate variance
Governance costs Independent examiner's remuneration Legal and professional Accountancy fees
Total resources expended Net expenditure before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments
Net income/(expenditure)
This page does not form part of the statutory financial statements