REGISTERED COMPANY NUMBER: 032019J7 (England and Wale5) REGISTERED f4UMBER: 1056035 REPORT OF THE TRUStEES AND UNAUDITED FINANCIAL STATEMEf4TS FOR THE YEAR ENDKD 31 MARCH 2022 FOR YOUNG PEOPLE FIRST (MtDLANDS) •ABJFLS8Y* 2211212022 COMPANIES HOUSE lllll A12 #353 Harrison Beale & Owen Limited Cbart¢red Accountants Highdown House I l Highdown Road Ltamington Spa WaTwi¢kshir¢ CV31 Ixr YOUNG PEOPLE FIRST (MIDLANDS) coNrENfs OF ThE FINANCIAL STATEMENTS for the year ended 31 March 2022 Pxge Reference Administrativ¢ Details Report of the Trllstees l￿dePendent Examiner's Report 10 ststerntnt of Financial Aetivities B•lance Sheet 12 to 13 Notes to tbe Fin#rteial St*temettts 14 to 26 Detailed Statement ofFinancial Activitits 27 to 28 YOUNG PEOPLE FIRST (MIDLANDS) REFERENCE AIYD ADMIP41sfRATIVE DETAItS for the ye%r ended 31 Marth 2022 TRUSTEES DNMarr M C Buros-Jack& L Elpiliya {rtsigned 25.4.2022) P Street Ms K Whitdkead {Tesigned 25.4.2022) Ms E Zetn (resigned 25.4.2022) Ms A M Bishop (appointed 26.4.2022) Ms S E Carol {appointed 27.4.2022) Ms S J Howe {apEK)inted 1.5.2022) COMPANY SECRETARY MsJASqui REGISTERED OFFICE Jubilee Hous¢ Westlea Road Leamington Spa Wanvickshire CV313JE REGISTERED COMPANY NU1￿BER 03201917 (England al￿ Wale5) REGISTERED CHARITY NUMBER 1056035 INDEPENDEIYT ExAMIf4ER Hatrison Beale & Owen Limited Chartered Accountancs Highdown House I l Highdown Road Lealnington Spa Warwick5hire CV31 IXT SOLICITORS Moore and Tibbits 34 High Stred Warwjck CV34 4BE BANKERS Unity Trust Bank PLC 4 Brindleyplace Bimkingham BI 2JB Page I YOUNG PEOPLE FJRST {MIDLAJIDS) REPORT OF THE TRUSTEES for the year ended 31 Msr¢h 2022 The trustees who are also directors of the charity foT the putp)s&s of the Companies Act 2006. Present their report with tbe finaneial ststements of the charity for the year ended 31 March 2022. The trnstee5 have adopted the provisions of Accounting and Reporting by Chatities.. Statement of Recornmended Pwtice applicable to charitits pttparing their accounts in aceordance with the Financial RewrtiDg Sfalldard applicable in tbe UK aod Republic of Ireland (FRS 102) (effective l January 2019). Chair's Report In last yearfs repor¢ J wrote of how COVID19 continued to impact both ourday to day lives and the Work of our charity. During the last yeat this at r￿st coniioued ro be the case. and emphasised the importan¢e of our th¢D r¢cent restrueturing, with 2 more discreet area of interest and greater emphasis on collaboTating with local schools to keep vulnerable young people engaged ID education. This last has proved highly successfvl and now Iw greai poteotial moving foThvard. Once again I am grateful for the hard work and PTofessionalisrn of our staff which has enabled us to noi only suryive those £￿'ller difficulties, but also to face the future with cenainty than we mi8bt reasonably have expected. One area of cootinuillg uncertainty though, is the financial environmenl Coming out of CoviiL While fimdrai$ing is always difficult for a srnall charity like ours. the general economic pIC￿re and increasing costs experienced by potential funders has rnade cotnpetition for funds more acute. As a tesull we have had to f￿V$ more attention ots the quality of the bi(Ls we are making. as well theii appropriatena55 to oui business tnodel. Staff have also made great progress in tailoring their speDding within projecLs to the r&%ources available alld I cautiously oplimistic about the fvture or the organi5ation. Towards the end of the year we Iwl a highly significant change in le4detship. Our chief officer. David Skoppek, left us for a new position. and I need to record my grdtityde to him for leAding the organisation thtOU8h the wotst period of the pandemic. His successor. Jo Squires. has hit the ground nLnning, bui h&5 a150 brought a fresh viewpoint not only to how the ¢harity is martaged. but also to our strat¢gy moving fojward. As far Ls I can judge, She ha5 also greatly improved staEfmorale and engagemefti in business planning. It is also time for me to move on. and this will be my last Chairfs repo]t I have enjoyed my time on the Board, althougb at times there have been some very difficult finan¢ial and organisational difficulties which have involved a more hands on approach than trnstees would norn)ally expecL Lt is a credit to Jo and the current staff and (Tustees. that I leave the or8anisation optimistic ftir ifs fvtt¢re. So my thanks once again them all for thcir contaiTKd hard work and commitmenL Dav¢ Chair Page 2 YOUNG PEOPLE FIRST (MIDLANDS) REPORT OF THE TRUSTEES for the year ended 31 March 2021 OBJECTIVKS AND AcfIvITIES Objectives and ur harita lePu oses and aetivities as set out our constitution l) To help yollng people in the Wa￿iCksh1rc, Coventry and Solihull ￿ta to develop their physical and mental capacities SO that they may grow to fidl maturity as ￿ling inthviduals and responsible memkn5 of soci¢ty' 2) The provision or assistance in the provisjon of activiti¢s and facilities for re¢rtation and leisure time occupation and of inforniation CODeerning Irdining recreation health alld iudependenl livillg with the object of itnproving the quaiity of life of young people in the 2re& of benefit. Our Vislon No young ￿rsOn limited by disadvantage Provide positive a¢tivities. create meaning￿1 and otherwise inaccessible oppornwities and offer lailored support to help disadvantaged young people traDSltioD to self-&%sured adulthood. ur Values Young PUSOD centred. Caring,. tswstwortby. p￿IOnate. professional As an organisation we see disadvantsge as far greater thaj) ee0t￿mI¢. BBC Children in Need define5 disadvantage as.. Illnus, distress, abuse or neglecL any kind of disability" behaviowal or psychological difficlllties. living in povety or situations of deprivation. We believe tbis is a n)inimum definition and that disadvalltsge is complex. interconnected aD¢L at times systemic and institulional. Page 3 YOUTrIC PEOPLE FIRST {MIDLAJ4DS) REPORT OF THE TRUSTEES for the yeAr ended 31 March 2022 OBJECTIVES AND ACTIVITIES Significant activitie5 Our Work: Covid restrictions, underpinTJed by NYA iegul*ions. remained in p13ce during the first quarter of the y¢ar. Though not as restrictive as prior regulation5, the staff team had to CODtiDue delivery in cortttolled etsvironments. some of which w¢r¢ challenging to manag¢ as youn8 p¢ople were confused at the differing rules between schools and youth clubs. However. delivery ￿￿tIlluCd and the team started to r¢-¢5tablish alld strengthen link5 with YOUD8 people eMerg￿E frotn the confines of the pandemi¢. In June all restriciiorts were lified and the team were able to operate in a pie-covid Tnanner and CODtinue their work supporting vulnerable young people in the community- this work is capts￿ed in the following paragraphs and is reflective of the strdtegy adopted by the organisation to ensure li survived the debilitaung effects of Covid. BrU￿sWi¢￿ Youtb Project- This is our ttlltral yo)Jth work delivery. being based in the heart of our community in the Brnnswick ward of Lexmington Spa. The Brunswick ward is ranked in the top 250A for deprivation, afflicted by Child poverty.. low educatsonal attainment and high crime rate (both county and nationally). It h&5 also been confirmed that geoETaphica]ly the youth centre is in the heart of three 'open county line5'. These factors highlight why there is a bigh need for our woik to help prevent young people becoming a product of their environmen¢ an ertViTonment they have had little say in. The project provided an open-attess youth club for the local commuoity. delivering ttvo 5¢SSi0Tr5 per week that provide stbmulating, engaging and hjn a¢tiviti&S for youJ)g people. During these session5 young people accessed qualified, expenenced aod caring trusted adults who offered support and 8uidan¢¢ thrnugh Challenging times. Alongside this holistic supporl young people accessed opporbjnities and experientts that would not usually be available to them. It is by bridging the gap8 Ca￿ed by inequality thaiyoung people have transi(ioned ro at*tter self-assured adulthood. The or8an15ation has become increasin8ly aware of the inueased Pressures families face during school holiday peJio(ts. During these periods there is financhal pressure and increased living Pressure. So[neti￿eS in poor and overcrowdtd Ousillg. all of whicb are detrimental to strong aud positive family Telationsh"LPS. Over the lasi n¥elve months th¢ organi5ation has responded by providing lunchtime activities in schijol holidays with food provided that all the family could attend,. the se5sson5 have been incredibly well attended and everytbiDg is provided ou a ntseost basis. Here is some feedback form our seTViC¢ Use￿ affirming our work: "Daisy loves comin8 to Youthy, it really hdps her to make friends. Thank you so much for the hamper that's tttade me emotional" 'll feel i'elaxed at Youthy and feel l Can be calm down hw?. brought my friends thi5 weekl. JC recognised that staff were going alJ)ve and twond (o keep YP sale aDd remat*ed 'you wouldn't get this at any other youth clubl" When he TeDJmed to the s￿s1On io ask foT help. he stated that he knew he could come back here 3S theTe would always be someone to help bim. Jt is this endorsement of our Work that has kept us goiog and driv¢s us every day to supwrt all the yOUTLg people ill our community. During the last twelve month period we have: Dclivered 56 optn acces5 scssion5: establishing connections with 148 young people attributing to 1,289 Contacts. Pmvided 12 school holiday s￿810￿4 with rtotential safeguarding eoncerns and our safeguarding kX)Iicy 30d accompanying procedures ensur¢s all COD¢¢ms ar¢ appropriately recoided and 3ctiolled. Last year we raised 44 safeguatditL8 concern& ¢oncerns that would have gone unnoii¢ed without our youth work and each and every concem had the potential to signifi¢w]tiy impact on the welliting and fijttue of the young people w¢ support. This is why we continue to work within our comrnunity- to protect some of the most vulnerable ID ow society. We believe in the work we do and see a clear need for increased levels. All of our wotk h&$ a direct ¢0￿ClaI10n to our vision of.. no young person limited by disadvant2ge. This fvndamentsl belief maintsins our passion and desire to achieve this goal aod conth.nues our drive to suppo rt s0￿C of the most thsadvantsged youog people ill our so£iety. Thank You$ and Acknowledgements: We can only maintain our opeTaiions with the support of others who believe in our vision. with th¢ majority of the chatity's iocorne generèted frorn the support of charitable trusts and foundatithjs we art etetllally ￿teful to them, for their belief in what we do and their willingn&ss to supwrt the rnost wlnerdble. Deepest thanks to the following for their ongoing suppo Page 6 YOUP4C PEOPLE FIRST {MKDLANDS) REPORT OF THE TRUSTEES for the year ended 31 March 2022 OBJECTIVES AND ACTtvtTIES National LDtttry- Community FutKI 29th of May Cbaritable Tn￿t Grantham Yorke Charitable Tnjst Edward and Dorothy Cadbwy Trust National Lattery- Awaid5 for All Alan Edward Higg5 Charity Richard Cadbury Charitsble Twst Dumbreck Charitable Twst Wan¥ickshire County Council Small grants Sheldon Trust Warwick District Council ThiTd Sector 8rnlt Warwick District CouDciI Sports fjrant Heart of England William A Cadbury Charitsble Trust Norton Fouodation STRUCTURE, GOVERNATr4CE AND MANAGEMErir Governing document The charity is controllfAi by ILS gov¢rning documeni A deed of w and constitutes a limited company, limEted by gu8rantee, os OefiJTred by the CompaDie$ Act 2006. We were fomi¢d as a Clwi'ty March 1954. Originally knowD as Waswithhirc Associatioo of Youth Clubs, we changed our name to Young People First (Midlands) in JuDe 2017. Frorn l April 1997 we were ID¢orporated as a company limited by guarantee (no 3201917) and we are governed by its Memoralldutn and Articles of Association dated 21 May 1996.we are registered with the Chariry Commission a5 a charity {no 1056035). Organisations or individuals OV￿ 16 can apply to become a member of the Charity by applying in the fonn required by the Trustees who will consider their applicatLOtt. Page 7 YOUNG PEOPLE FIRST {MtDLANDS) REPORT OF THE TRUSTEES for the year eDded 31 March 2022 STRUCTURE, GOVERNANCE APID MANAGEMENT Presidents and Vice Pre5ident$ Pitsident- Tirn Cox, Lord Lieuieoani of WBrwJckshire. Vice Presidents - Robert Aldenton, The tAdy Buttetworth. Mervyn Kimberley. Tony Parson5, Ben Wes$on, The Hon. Wtseeler BeDn¢tt and Mrs B.E. Winstanley MBE. DL. Board ofTrustees We have a¢tiv¢ly encouraged young people under the age of 25 to be£ome trustees and 14% of our Board are young people elected before ¢beir 25th birthday and we aim to incrtase this. The dlrectors of the chatitable Company (the charity) are its Trustr&8 for the pwpose of charitsble law and throughout this rep)rt ate collectively iefetred to as the Trustees. Thc tnLStecs, who are also the directors for the putpose of compatly law. athd WI￿ served during thc year and up to the date of signa￿¢ of the financial statements were: Mi D N ma￿ {Chairrnan) Mr M Burns.Ja¢ksoD Mr L Elpitya Mr P Street Ms K Whitehead Ms E Zeen Ms A M Bishop Ms S E Carol MsSIHowe IResigr]ed 25 Aptil 2022) (Resigned 25 April 2022) (Resigned 25 Aprit 2022) (App)inted 26 April 2022) (Appointed 27 April 2022) (Appoirtted l May 2022) The tnJste&% have paid due regard to guidance issued by the Charity Commission iD deciding what activities the Charity should undertake. Public Benefit The TnLSte¢s complied with their thity to have due regard to the Charity Commission's publi¢ benefit guidance (set out in section 40 of the Charities {Accounts aDd Reports) Regulations 2(KJ8) ID deciding what activities the charity should undertake. The tswtees consider that the charit￿$ activiti￿ reflect our aims and objectives and that they are designtd to provide accessible Se￿1¢¢5 2nd activities that b¢nefJL the appropriate sector of the public in accordance with our charitable activities. Public benefit is demonstrated through-. - Young people up to the age of 25 in Warwickshire. Coventy and Solihull are able to acces5 age appropriate activities, recieatson. support and tTaining that builds self-confidence. reinforces inclusion within social n¢tWOTks and prornotes opwrtUDities to engage in non-fonnal educatioD. - Youttg people are petsonally empow¢r¢d as iDdividuals and groups $0 that they actively en8a8e in and Contribute io the planning ptocess and hjture diiection of the Charity and its activities. Pix>viding an alkrnative and prothictive means of self￿eVe10pmeni for hitherto alienated. marginalised or disaffected young people therefore reducing the risk of them being drawn into a￿tis￿la1 a￿d Cri￿]nal behaviour or experience of social exclusion. Inspiring youn8 people by involving them in imaginative youth w￿* initiatsvu delivered by qualified youth workers who present &$ N)sitive adult role m¢ylels. Providing quality 5¢rvi¢¢s to affrliated youth organ15ations and aswiate memi￿5 by giving them access to worker support, trainirtg, practical resources aott youth activity programmes therefore CDabling them Éo delivtr higb quality youth woik. Page 8 YOUNC PEOPLE FIRST {MIDLANDS) REPORT OF THE TRUSTEES for tbe year ended 31 March 2022 STRUCTURE, COVERNANCE AND WIAGEMENT Helping to develop posltive ideas within young people around the concept of belonging to peer groups. community Involvement and ¢ilizensbip via the delivery of programme5 based UPOD team building. eare for others, creativity and increased self-esteem. - Assisting in the appropriate preparntion of yourtg people for fvrther ethL¢ation so increasing their ￿tential to become responsible, usefully employed a[￿ prryiuctive EneM[￿S of society. Approved by order of the board of tswl¢es ¢)n 10 Decern￿r 2022 and sI￿d OD its kbalf by.. D N Marr. Tn￿tee Page 9 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YOUNG PEOPLE FIRST (MIDLANDS) Independent examiner's report to the trustees of Young People First Imidlands) ('the Compaoy,) I re￿rt to the charity trusttts on my examination of the accounts of the Company for the year ended 31 March 2022. Re5pon5ibilitie5 and basis of report As the charity's tsustees of the Company {and also its directors for the PUTposes of company law) you ar¢ r¢sponsible for the prepp￿atIOn of the accounts ID accordance with the requircmellts of the Cofflp3ll]ie5 Act 2006 ('the 2006 A¢t). Having satj5fied myself that the accounts of the Company are not required to be audited uDder Part 16 of the 2006 Act and are eligible for indeptndtnt examination, I report in respect of my examirtation of your chartty's accounts as carried oul L￿der section 145 of the Charities Act 2011 Cthe 2011 Acv). Ca￿708 out my examination I have follow¢d th¢ Directions given by the Charity Commission under section 145{5) (b) of the 2011 ACL Independent examin*r's ststement Since your charity'5 gross income excealed £250.￿ yow examiner must be a member of 8 list¢d body. I can confirm that l am qualified to uodertake the examit]ation because l am a registered memixr of ICAEW whicb is olle of the listed bodi&s. J have compleied tuy examination. I confum that no matters have come to rny attentiort in cortnection with the examinaiion giving me cause to believe.. accountillg record5 w￿e not kept in respect of the Cornpany as required by Section 386 of the 2006 Act,. or the a￿OU￿￿ do not accord with those re¢ord5' or the accounts do not comply with the accounting requirements of section 396 of the 2(K>6 Act other thaD any requiremtnt that the accounts give a bue alld fair view which Is not a matter comsidered &$ part of an independent ex3minatLOll' or the accounts have not been prepared in a¢¢oidance with the methods and principle5 of the Statement of Recommended Practice for accouniing and reporting by charities (applicable to cha]It1¢5 preparing their accounts in a¢¢ordance with the Fitwlcial RepoTtiog StandaTd applicable iti the UK and Republic ollrtlat)d (FRS 102)). I have no concems artd have come across no other mattets in COmi*Xtion with the examitsation to which attention should be drawn irt this report in order io enable a proper widetstanding of the accowits ro be reached. Gregg Olner MPhil BA {Horts) ACA ICAEW Harrison Beale & Owen Limited Chartered A¢￿UrItaTIts HiEhdown House I l HighdowD Road Leamington Spa Watwickshire CV31 IXT 16 December 2022 Page 10 YOUNC PEOPLE FIRST (MIDLANDS) STATEMENT OF FINANCIAL AcfiviTILS UNCORPORATING Af4 1Tr4COME AIYD EXPENDITURE ACCOUNT) for the year ended 3] Mareh 2022 2022 Total funds 2021 Total filnds Unrestricted fiwds Restricted fixnds INCOME AND ENDOWMEpifs FROM Donations and legac￿eS 50925 SO.92S 57.146 Charitable aetivities Supporting Young People 203.973 IJS,4S7 339,430 1&1,645 Other trading activiti&s Investment in¢omc Other income 10587 51 lo￿87 si 11.913 89 50,279 Total 26S,536 135,457 400,993 284,072 EXPENDITURE ON Raising funds 3513 3,513 25.549 Charitable activities Supporiing Young People 12&635 272.136 397.771 296,423 Total 129,148 272,136 401,284 321,972 Net gains on investsnents 11.029 11.(129 41,404 NET INCOMEI(EXPENDITURE) 147,417 (136,679) 10,738 3.504 Tr8nsfer$ between fund5 18 (1,281) 1381 Net movement in funds 146.136 (135J98) 10,738 3,504 RECONCILIATION OF FUNDS Total funds brought forward 522J87 337598 8S9J85 856,481 TOTAL FUNDS CARIUED FORWARD 668523 20221 870.723 859,985 CONTINUING OPERATIONS All income and expendtture has arisen from CQTJtinuing activities. The State￿eTjI of fillanctsl activiti&% iDcludcs all gains and losses recogniscd in tbe year. The Statement of fillantial activiti&S also complies with the reqllirements for aD income and expenditure account Under the Companies Act 2006. The not&% forTll part of thege financial statrmthL8 Pagell YOUNG PEOPLE FIRST (MIDLANDS) BALANCE SHEET 31 M3rch 2022 2022 Total 2021 Total funds Unrtstricted ffiJniLs Restrictrd funds Notes FIXED ASSETS Tangible assets InvestTnents 14 15 37OJ29 104,825 370,329 185.201 393,392 174,171 So￿76 475.154 80J76 5SS530 567,563 CURRENT ASSETS Debtors Cash at bank 16 2.850 197961 2050 359.785 5,626 441,(M)8 161824 200011 161 J24 362,635 446.634 CREDITORS Amounts falling due within one year 17 (7,442) {4O,000) {47.442) (154,212) NET CURRENT ASSETS 193J69 121.824 315.193 292,422 TOTAL ASSETS LESS CURRENT LIABILtTIES 66&523 202200 870,723 859,985 NET ASSETS 664523 202,200 870.723 859.985 FUNDS Unrestricttd funds Restricted fi￿dS 18 668,S23 202.200 522,387 337,598 TOTAL FUNDS 870,723 859,985 The charitable company is entitled to exemption from zudit under Section 4T1 of thc Companies Act 2006 foT the year ended 31 March 2022. The members have not ffquurd the company to oblaio an audit of its financia] statements for the year ended 3 1 March 2022 in accordance with Section 476 of the Companies Act 2(Kl6. The tnjstees acknowledge their ruponsibilities for (al ensuriog that the charitable coanpany keeps accounting records that comply with Sections 386 and 387 of tile Companies Act 2006 and preparing financial statements which give a tme and fair view ol the state of affairs ol the charitable company as at the end of each financial year and of its sujplus or deficit for each financial year in aCcord￿ce with the rtquirements of Sections 394 and 395 and whi¢h oth¢rwis¢ comply with tht rtquirtmcnts of the Companit5 Act 2006 relating to fuuncial stalements. so far as applithle to the charitable cotnpany. Ib) The notes form part of finatlcial stateTI￿nts Page 12 continued... YOUNG PEOPtE FIRST (MIDLANDS) BALANCE SHEET- continued 31 March 2022 These fmaocial statements Ilave been prepared in accordance with the provisions applicable to cbaritable cornpani& subject to Ihe small companies regime. The f1nartci￿ ststemertts were approved by the Board of Tn￿tte5 and authorised for issue on 16 December 2022 and were signed on its beba]f by.. D N Marr- Tnjstee The I￿teS fonn part of these financial slatements Pa8e13 YOUNG PEOP￿ FIRST (MIDLANDS) NOTES TO THE FINANCIAL STATEMEf4TS for the year ended 31 Mareh 2022 CHARITY INFORMATION Young People First (Midlands) is a private comparty lirnited by guarnntee incorporated in England and Wales. The re8lStered office is Jubilee House, Westjea Road, Leart)ingtoo Sp4 Warwickslll're, CV313JE. ACCOUNTll¥G POLICIES Basis of preparing the fina￿¢[al st8temtnts Tht fiDancLal statemeats of the charitable company. whith is a public beoefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP (FRS 102) 'A¢¢ounting and Reporting by Charities.. Stsiement of Recommended Practice applicable to clwities prepanTh8 tbeir accoullts accordance with the FiaaH¢ial Reporting Standard appli￿b]e In the UK and Repllblic of Ireland (FRS 102) {effective l January 2019}'. FillaDcial ReportiDg Staod•d 102 The Financial RepO￿g Standard applicable in the UK #Dd Republic of Ireland, and the Comparbies Act 21K>6. The financial statements have been prepared under the historical cost Conventio￿ with the exception of illvesttnenL% which ate included ai market value. as modified by the revaluation of certain assets. Coing concern At the tErne of approving the financAi sthtellLeDts. the trustees have a reasonable expectation that the charity has adequate resouTt&% to continue in 0￿￿tIonal existrnce for the foreseeabl¢ ￿tllre. Thus tht truslees continue to adopt the goillg ci)ncern basis of accountiiig ill prqw the fiDancia] sratements. Critical accounting judgements and key so￿rte5 of estimation uncert#inty ID tbe application of the charsty's accounting policies. the ttUS*&8 ate required to make judgements. estimates and aswmptions at4)ut the carying amount of assets and liabilities that are not readily apparent frorn other sources. The estimates a￿d associated assurnpiioDs are b&sed on historical expenence and other factors that are considered to be relevant. Acts￿1 results may differ from these esthmates. The estimates and llnderlying assumptions are reviewed on an ongoing basis. Revisions to accouniing estimates are re¢ognised in the period in wtru'¢b the ¢stimate is ttvised wherc the revision affects tsnly that penod, or In the period of the revision and future periods where the revision affects IM)th current artd fubjre periods. No significartt judgements have had to bt made by the trustee5 In preparing these financial statements. Income All income is recognised in the Statewneni of Financial Ac¢ivities on¢e the charity has entitlement ¢0 the furmls. it is probable tbat the income will bc received and the amount caD be measured reliably. Cash donations are recogNsed on reteipl. Other doDaiioDS ate recO￿lSed ollce the charity has been notified of the donation, unless performance condition5 require defeTf21 of (he amount. Income tsx recoverable in relation to donations received under Gift Aid or dttds of covenant 15 recogn]sed at the tirue of the donation. Legacies are recognised on receipt or othmvise if the ¢h3rity has notifi¢d of an impending distribution, the arnount is known, and receipt is expected. If the amowit is not known. the legacy is treated &s a contingent asset. Grants towards revenue expenditure are released to the pmfii and 10&8 account as the related expenditure is incurred. Grants of a capital natrjre are attributed to the relevant capitsl i*m ro which the grant is in respect of and amortis¢d over the remaining u5efvl life of the collcerned. Expenditure Liabilities are reCo￿lSed expenditure &$ soon as there is a legal OT constn¢live obljgation cornmitting the charity to that txpenditure, it is probable that a transfer of economic benefits wiu be required in settlement ond the amount of the obligation can be rneasured reliably. Expenditure is accounted for on aCCTuals basis and has been classifled under headings that aggregate all Cost r¢lated to the category. Where costs cannot be diiectly am"ibuted to particular headings they have been all¢)cated to activities on a basis consistent Wlth the use of Page 14 continued... YOUNG PEOPLE FIRST IMIDLANDS) NOT￿ TO THE FINANCIAL STATEMEf4TS- continued for the year ended JI Nlarch 2022 ACCOUNTING POLICIES- eorttinued Expertditutt Costs of raising funds comprise the Costs associated with attractsng volwitary income alld the costs of trdding f fundraising puryK)ses and the cost of staff involved in the raising of and their associated suptKJrt costs. Expenditure on ¢haritabl¢ activitie5 includts the COSLS incurred by the chatity in the delivery of its activities and services for its beneficiaries and their associat¢d support Costs. Irrecovernble VAT is charged as a cost against the activity for whith the exwditute wa5 iThcurred. Support costs relate to expenditure that h&% ￿en incurred on functions that assist the work of the charity but do Dot dir¢ctly r￿a￿ to charitable activities. Tangible r￿ed assets Tangible fixed assets Costing £l.OLK) or more capitslised and initially rnea5urtd at cost and subsequently measured at cost or valuation. net of depreciation and any impairn)eDt Ioss¢s. Depreciation is recogwsed so &% io write off the cost or valuation of the assets less their residual valu¢s ov¢r their useful lives on the following bases= Leasehold Land Leasehold Buildings Over the term of the lease Over the shorter of 50 years fjr the lease terrn Over the term of the 10 yegr licenee to occupy the18nd until 29 M#y 2024 Over S years {20"/• SL) Over 4 year5 {2S•/• SL) Over 3 years {33'/• SL) Refilrbtshtnent of Sports Court Motor Vehicles Fixtwes and Fittings CollLPUters The gaill or loss arising OD the disp)sal of an asser Is de*rniined as the difference between the sale proceeds and the carryiug value of the 3sset, and is recognised in net income/(expendLftJ]t) for the year. Impairrnent of fixed assets At each Teporting date the Charity veviews the carrytng amounts of its assets to deterniine whether there is any inth"cation tbat those assets are included in the financial statements at an amouni in txccss of either the expected sale proceeds or the value to the cbatity obtainable through fu￿re use (the ￿coVerable amowiE). If an asset is held on the balance sheet at an arnount greater thaj the re¢overabl¢ amouni thert an impaimient loss Is recogriised in the SOFA to reduce the asset value. Taxation Tbe charity is exempt frojn corporation tax on its charitable activities. Fund atcounting Unrestricted fuDds can be used in ￿COrdaI￿Ce with the charitable objectivcs at the discretioll of the tmstees. Designated ￿rtdS cotwise fiulds which have set &side at the discretioll of the trustees for specific pu]poses. Restricted funds can only be used for particular Tutri¢ted purposes within the objecLg of the cltsTity. Resttictions arise when specified by the donor or when fimds are rnised for particular restricted pU￿05t5. Further explanation of the nature and puw of each fimd is included in the noras ro the fjnancial statements. Foreign currencies Assets and liabilities foreign ￿TTen¢s￿l are transla*d into swling at the ralts of exchange rnling at the balance sheet date. Transactions in foreign curreDCi&% are transl*ed sterling at the rdte of exchange n]ling at the date of transaction. Exchange differences are taken into account in arrivirtg at the opernting result. P8ge 15 continued... YOUNG PEOPLE FIRST (MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS- continued for tbe year ended 31 March 2021 ACCOUNTING POLICIES- continued Pension costs and other po5t-retireMe￿t benefits The charitable compally operates a defiDed contribution pension scheme. Contributions payable to the ch8ritsble company's pension scheme are ¢harged to the Statement of Financial ActlVLtie5 in the ￿rIOd to which they relate. The charity initially contributes 3% and matches employee contributions up to 80/* of s&l8ry into the defined contribution scheme. Financial instruments The charity ha5 elected to apply the provi5i0D5 of Section I I 'Basic Financial Lnstsuments. and s¢ction 12 '0ther Financial Instruments, of FRS 102 to all of its financial instrumerhts. Finan¢io1 instsuments are recognised in the charl￿5 balar￿ $heet when the charity becomes pty th the contractual provisions of the instrumenL Fknancial assets and liabilities ate offseL with the net amowits pr¢sented in the financial stat¢ments, where there is a legally enforceable right io set off the recognised amounts and there is an inteniion to settle on a net basis or to realist the asset and settle the liability skmultaneously. B4sic financlal assets Basie financial assets. which include deb￿￿$ and cath and bank bala1￿e5, are initiatly measured a t trausaction Ptice including traHsadion costs and are subsequently Carried at amortistd cost Using the effective interest method utti&ss the arrangement coL%tirutes a financing th￿￿ti0)l. where the trallwtion is measured at the present value of the future receipts discounted ai a ra￿ of interesL Financial assets classkfied as reeeivable withiD one year are not afflorttsed. Bgsic financial liabilities Basic financial liabilitie& ijicluding creth'tors and bank loans are initially recognised at transaction ptice unless the arrangement constittltcs a fittancing transaction, where the debt instrument is me￿ured at the present value of the payments dis¢ourtted at a market rate of ijiterest. Finatlcial liabilitias clas5ifsed as payable within one year are noi amortised. Debt iTJ$twments att subsequently carritd at amorti5cd cos4 using the effecttve interest rdte method. Derecognition of fin%ll£ial liabilities Financial liabilities are deretognised when the charity's contracwal obligations expire or are discharged or cancdled. Dof4ATAONS AND LEGACiES 2022 Total funds 202I Total fi￿dS Unrestricred fi]nds RestrÉcted fimds Donations 50925 50,925 57,146 Page 16 continued... YOUNG PEOPLE FtRST (MIDLANDS) NOTES TO THE FJNANCJAL STATEMENTS- ￿ntinUed for the year ended 31 Mxrcll 2022 OTHER TRADING ACTIVITIES 2022 Total funds 2021 Total Thd5 Unrestricted fun¢ts Rt5tricttd funds Fundraising events Rent received 913 11.000 JOJ87 10,587 IQ587 10.587 11,913 INVESTMENT INCOME 2022 Total fullds 2021 Total funds UnT¢stricted flwds Restricted Interest rec¢ivable 51 51 89 INCOME FROM CHAIUTABLE ACTIVITIES 2022 2021 Activity Supporting Youog People Supporting YouD8 People Supporting Youn8 People Supporting Young People Supporting Young People Supportirjg YouDg People Youth WoTk Sharp MiDds LLavin8 Care Bnjnswick Youth Project Colllmunities & Groups Mentoring & Schools 203,973 36.768 9,997 4.080 36,354 77,446 69,663 65,794 339,430 164.645 114ISING Fuf4DS Raising dtsnations #nd legaeies 2022 Total funds 2021 Total fi￿d$ Unrestricttd Restricted fimds funds Staff costs Fundraishng costs 24.787 762 3513 3,513 3513 3,513 25.549 Page 17 continued... YOUNG PEOPLE FIRST (MIDLANDS) NOTES TO THE FINAf4CIAL STATEMENTS- continued for the year ended 31 Marcb 2022 CHARtTABLE AcfiviTIES COSTS Support costs {see ote 9) Dired Costs Totsls Supwrting Young People 207.248 190,523 397,771 SUPPORT COSTS Governanc¢ Finance Tot21s Supporting Young People 17J.026 303 19.194 190,$23 Support costs. iDcluded in the abo￿ are as follows: MgD*gement 2022 SupJx)rting Yowig Pctsple 2021 Totrl activities Wa8e% Social security Pension5 losurance Light and heal Telephont & internet Postag¢ and Stationery Sundnes Travelling Staff training IT & computer costs Repairs and renewals Motor rLmning costs Depreciation of tangible and heTitage assets 79,547 6.930 3.793 2,737 3,814 5,562 1.857 9,367 89 2,S87 7,217 30.467 1,577 IS,482 70,651 2.525 4,328 4,846 1,469 2.91 J9 2,913 10,559 IS,780 1,342 15,482 171.026 132,824 Finallce 2022 Supporting Young People 2021 Totsl activklies BaThk charge$ 303 333 Page 18 colltiDued... YOUNG PEOPLE FIR￿ (MiDLANDS) NOTFS TO THE FANANCIAL ￿AT£MEr4TS- continued for the year ended 31 March 2022 SUPPORT COSTS- continued Coverrt4nce costs 2022 SupportiDg Yow)g People 2021 Total activities Independeni examiner's remuneration Legal and Professional Accounianey fees 2.700 14,160 2,334 2,700 17.072 396 19,194 20,168 Ao. NET tNCOMEI(EXPENDTfURE) Net incomeJ(expendiwxe) is stated after¢hargin￿(¢reditin 2022 2021 Depreciatson- owned assets 23,063 23.063 ii. TRUSTEES. REMUNERATION AND BENEFITS The charity trustees were not paid nor receive41 any other i*nefits from employment with the ¢iwity {2021 £nil) neither were they reimbursed expenses durin8 the year (2021 - £Tril). No Charity rettived payment for profe￿10]￿1 or other seEvices supplied to the ¢barity (2021 - £nil). Trustees. expenses There were no trustres. expenses pa]d for the year ended 3 1 March 2022 nor for the ye4[ eDded 31 March 2021. 12. STAFF COSTS 2022 2021 Wages and salaries Social security costs Othtr pension costs 174,111 8,982 8,021 206.549 10.214 8,172 191,114 224.935 The charity consider5 its key management tÉrsonnel to be the tnjstees. the Chief Offiur. the Deputy Chief Officer. and the Finance OITicer. The total employtDent benefits including etnployer pension contributions of the key management personnel was £86,140 (2021- £91,977). The average monthly number of employeu dwing the year was ￿ follows". 2022 2021 12 Staff No employees received emolum¢nts in excw of £60.(MKJ. Pag¢ 19 contiaued... YOUNG PEOPLE FIRST (MIDLANDS) NOT￿ TO THK FI]YANCIAL sfATEMENTS- corttinlled for the year ended 31 Martb 2022 13. COMPARATIVLS FOR THE STATEMEf4T OF FINANCJAL ACTIVITIES Unrestricted funds Restricted Ojnds Total fi]nds tNCOME AND Ef4DOWMENTS FROM DouatioJJs and legacies 56.146 1.0 57,146 ChAritable actsvities Supporting Young People 164,645 164,645 Other trading activitie Investment income Other illeome 11913 88 50,279 11,913 89 50,279 Total 18,426 165,646 284,072 EXPENDITURE ON R2ising fi￿¢￿$ 25,549 25,549 Charitable activltles Supporting Young People 124.465 171,958 296,423 Total 150.014 171.958 321,972 Net g2iDS on iDV¢SLTneDts 16.562 24.842 41,404 NET JNCOMEI(EXPENDITURE) {15,026} 18,530 3,504 Trao$fer$ betweeD funds 14,357 (14,357) Ntt movement in funds 1669) 4.173 3,504 RECONCILIATION OF FUNDS Total funds brought forward 523,057 333.424 856,481 TOTAL FUNDS CARJUED FORWARD 522,388 337,597 859.985 Page 20 contlnued... YOUf4G PEOPLE FIRST (MIDLANDS) NOTES TO THE FINANCIAL STATEMEPIFS- continued lor the ye4r ended 31 March 21122 14. TANGIBLE FIXED ASSETS Fixtwrs and fittiTLgs Freehold propety Motor vehicles Totsls COST Ai l April 2021 and 31 March 2022 849,915 48029 7546 91J6.290 DEPRECIATIOTrI At l April 2021 Charge for year 45A523 23,063 48,829 7.546 512.898 23,063 At 31 March 2022 479,586 48,829 7,546 535.961 NET BOOK VALUE At 31 Maych 2022 370J29 370,329 At 31 Maich 2021 393J92 393,392 15. FIXED ASSET INVESTMENTS FPCAF Fixed Interest FPCAF UK Equity Totals MARKET VALUE At l April 2021 ReVaI￿atIonS 21,235 (911) 152.936 11941 174.171 11,030 At 31 March 2022 20J24 164,877 185,201 NET BOOK VALUE At 31 March 2022 211J24 164.877 185,201 At 31 March 2021 21.235 152.936 174,171 There were no inv¥ttnent assets outside the UK. Cost or valuation at 31 March 2022 is represented by: FPCAF Fixed Interest FPCAF UK Equity Tot*l$ Valuation in 2022 20J24 J64077 185,201 Page 21 ¢ontinu¢d... YOUNG PEOPLE FIRST (hltDLAf4DS) NOTFS TO THE FINANCIAL STATEMENTS- contittued th¢ year ended JI March 2022 16. DEBTORS: AMOUNTS FALLING DUE WITHtN OIYE YEAR 2022 2021 Trade debts)rs Prepayments and accrued inci)me 349. oi 704 4.922 2,850 5,626 17. CREDITORS: AMOUNTS FALLING DUE W]THtN ONE YEAR 2022 2021 Trade creditors Social security and other taxes Other creditors Defe￿ed income Accrued expenses 5,683 785 1.064 1,290 145.456 5.617 632 40,000 259 47,442 154.212 An amount totallin8 £145,456 (2021 - £32.160) was released to irtcome during the year in respect of defetted granLs whett the associated performance conditions were satisfied. An amount totalling £40,000 (2021 £145,450 was tncluded within deft￿ed income awaiting satisfaction of various perfornianct condition5. 18. MOVEMENT ll¥ Fuf4DS Net movement in fimds TransfeTS between nds At 313.22 At 1.4.21 Unrestrieted funds Free reserves Unrestricted fixed &ssets J 2&995 393J92 J70.480 {23.063) (1,281) 298,194 370,329 522J87 147,417 (1,281) 668.523 Restricted funds Brurtswick Youth Pioject Argyle-Robinson Communities & Groups MeDtoring & schools {1.28J) 1,281 80J76 111.772 145.4511 80,376 39.586 82,238 {72,186) {63212) 337J98 (136,679) 1281 202.200 TOTAL FUNDS 859985 10.738 870,723 Page 22 continued... YOUNG PEOPLE FIRST (MLDLANDS) NOTES TO THE FtNANCIAL sfATEMENTS- continued for the year ended 31 March 2022 18. MOVEMENT IN FUNDS- tontinued Net movement in fijnds. included in the atrf)v¢ are as follows.. Incoming Gains and losses Movement in fuDds expended Unrestricted funds Free reserves Uniutricted fixed assets 2655J6 (106,085) 123,063) 11.029 170,480 (23,063) 265,536 (129,148) 11.029 147.417 Restricted funds B￿￿$wICk Youth Pmject CollllnuDitiG5 & Groups Mentoring & schools {1,281) (141,849) {129,(M)6) {1,281) (72.186) (63.212) 69,663 65.794 135,457 {272,136) (136.679) TOTAL FUNDS 400,993 {4O1.284) 11.029 10,738 Comparatives for movement in fuDds Net movement in funds . Trallsfe between fiJnd5 At 31.3.21 At 1.4.20 Unrestricted funds Free reserves UnK%tricted fixed assets lo6,￿2 416,455 8.036 (23,063) 14.357 128,995 393,392 523.057 (15.027) 14,357 522.387 Restritted funds Shajp Minds Inteimational Youth Exchang¢ Leaving Care BnLn$wick Youth Project Argyle-Robinson Comrnunities & Groups Mentoring & schools 58,934 98288 73,369 47,199 55,634 lJ92 (60,326) (98.288) (49,895) (32,940) (ioi) {23,474) (14,259) 24,843 (7,343) 37.372 80,376 111,772 145,450 108.078 333,424 18.531 (14.357) 337.598 TOTAL FUNDS 856.481 3504 859,985 Page 23 CODtinued... YOUTr4G PEOPLE FIRST (MIDLANDS) NOTES TO THE FINAIYCIAL STATEMENTS- Continued for the year ended 31 Marcb 2022 18. MOVELKENT IN FUNDS- continlled Comparative net movement in fvnds, included in the above are 8$ follows.. Incoming Resources Gains and m0verT￿lI in fiJn(ts Unrestri¢ted funds Free reserv Unrestricted fixed assets 118,426 (126.952) 123.063) 16.562 8.036 (23,0631 118.426 (150.015) 16,562 {15,0271 Restricted funds Shatp Minds Leaviog Care Bnjnswick Youth Project Argyle-Robinson Comrnullities & Groups M￿lOrillg & schty)Is 36.768 {35 J76) (23,474) (28,336) 1,392 (23.474) (14,259) 24,843 (7,343) 37,372 14.077 24,842 36.854 77.946 (44.197) (40,574) 165.646 (171.957) 24,842 18,531 TOTAL FUNDS 284.072 (321.972) 41,404 3.504 A cwreot yeas 12 months and pnor year 12 months Combined position is as follows: Net movement infiu Transfers betsveen funds At 31.3.22 At 1.4.20 Unrestritted funds Frec reserves Unrestricted fixed &%sets 106.602 416,455 178.516 {46,126) 13,076 298,194 370,329 523,057 132,390 13.076 668,523 Restricted funds Sharp Minds Intemaiional Youth Exchange Leavitsg Care Bwnswitk Youth Projea Argyle-Robinson ComTt]unities & Groups Mtntoring & 5cboo15 58,934 98,288 73,369 47.199 55.634 1.392 (60,326) (98,288) (49,895) (31,659) (ioi) 123,474) (15,540) 24,843 {79.529) {25.840) 80,376 39,586 82,238 108.078 333,424 (118,148) (13,076) 202.21M) TOTAL Fuf4DS 856.481 14242 870,723 Page 24 continued... YOUNC PEOPLE FIRST (MIDLAf4DS) NOTES TO THE FINANCIAL STATEMENTS- continued for the year ¢Aded 31 March 2022 18. MOVEMENT IN FUNDS- continued A tU￿ent year 12 months and prior year 12 monihs combined net movement in fund4 included in the aEA>ve are follows.. Incorning resources Gains and losses Movemenr in funds expended u￿restricted fund5 Free re5erve5 Unrestricted fixed assets 383,962 (233,037) {46,126) 27.591 178.5 16 {46,126) 383,962 (279,163) 27,591 132,390 Res¢rleted funds Sharp MiDds Leaving Care BruDswick Youth Project Argyle-Robin50n Cottmiunities & Groups Mentoring & schools 36,768 (35.376) (23,474) (29.617) 1,392 (23.474) (15,5401 24.843 (79,529) (25.840) 14.077 24.842 106,517 143,740 {L86,046) {169.580) 301.103 {444.093) 24.842 {118,148) TOTAL FUNDS 685.065 (723.256) 52.433 14,242 Free reserves repr&sent amcwjnts held to further the clwitable objeaives as the ttustees see fiL The unrestricted fixed asset futKi is a d&%i8nated pot set aside to reeognise the nd book value of the fixed assets Used by ihe charity. Sharp Minds uses group aetivities and one to one support to womore mthl well-being among young people with emotlODal difficulties. International Youth Exchange is used io fund in￿matiOnal youth exchanges by young people. Leaving Care repEe5ents a[￿oUnts donated to fuDd gtoup activities and one to one nielltorillg across Coventy artd WaTh¥ickshire to suP￿rt young people leaving care. Brunswick Youth Project is an ottn accc&s youth project that offers provision to young people on the Brunswick Estat¢. Argyle-Robinson repr￿￿ts amounts donated in rnemory of Ronald Geoffrey Argyle-Robinson to support our work with young people and youth groups its Leaming(on. Radford Semele. Whithash and Bishop5 Tachbrook. ComTVUDities & Groups bas been set up to help yOVDg people in the Warwi¢k district ￿n￿nUnIty with after4¢hool and evening clubs and holiday provision. Mentoring & sCh￿IS is for helphng youngpeople in education a[￿ to support their mental health and wellbeing. Page 25 continued... YOUNC PEOPLE FIRST (MtDLANDS) NOTES TO THE FINAP4CIAL STA TEMENTS- continued for Ihe year ended 31 Marcb 2022 19. RELATED PARTY DJSCLOSURES There were no related party transactions for the year ended 31 March 2022. Page 26