REGi%fERED COhfPANY NUMBER: 03201917 ffjrtgland and Wales) REGISTERED CHARITY NUMBEIL. 1056035 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 21123 FOR YOUNG PEOPLE FIRST (fuDLANDS) llwwll *AC7Q17K' 1410712023 CCthIPAMES MOUSE A14
117
Chartered Accovnwits Higbdown House I l Highdo*D R(iad iAmingron Spa Warwickshire CV31 IXT
YOUNG PEOPLE FIRST (NflDLANDS) COJYTENTS OF THE TrIIYANCIAL STATEMENTS for the year ended 31 March 2023 Page RefereTrce nd Admlnlstratlve Detalls Report of the Trns¢ees ]ndK1¢t knmiD¢r'$ Report S¢ttmeDt of A¢tlvlties Balgnce Shtet 10 to 11 Notes 10 th¢ FIndj Stst¢m¢nts 12 23 Detsiied Stattmtht of Fm*tttial Adivilies 24 to 25
YOUNC PEOPLE FIRST lDLANDS) REFERENCE AI¥D ADhllNISTRATIVE DETAIIS for the year eDded 31 March 2023 TRUSTEES D N Matt (Teslgned 25.1.2023) M C Bums-Ja¢kson L Elpiiiya (resigned 25.4.2022) P Street Ms K Whitelwd (resid 25.4.2022) Ms E Zeen (res]e0 25.4.2022) M$ A M Bishop (apFd)inied 26.4.20221 Ms S E Carol (app)inted 27.4.2022) {rtsiBThed 1.12.2022) Ms S l Howe (app)inted 1.5.2022) M R Hill (apInted 26.1.2023) COMPANY SECRETARY Ms J A Squir¢s REGISTERED OFFICE Jubilee Hous¢ Wesilea Road tAminglon Spa CV31 J REGISTERED COMPKNY NUMBER 03201917 IEngW and Walts) REGTSTERED CHARITY NUMBER 10ts)35 INDEPENDEKf EXAMINER Harrison 8eale & Owen Limited Cbartered Accountsnts HighdowD HO$t I l Highdowm Road CV31 IXT SOLICITORS MO0 and Tibbits 34 Higb Strc¢t Warwick CV34 4BE BANKERS Unity Trust Bank PLC 4 Brklldleyplacc BiTmin8bam BI 2JB Pag¢ I
YOUNG PEOPLE FtRST IMIDLANDS) REPORT OF THE TRUSTEES for the year ¢ed 31 Marth 21123 The tn]stets who are also dirEdors of the charity for the purpoks of ibe C(wnpanias Ad 2006. present iljeir rq>ort with th¢ financial statemethts of the charity for th¢ year ended 31 March 2023. The trustees have adopted the provisio8 of Accounling and Reporting by Charit>&s'. Ststemtnt of Recornmended Pwactice applicable to charities Preparing their a¢nts in ac£ordaw¢ with th¢ Finwial Reporting StaD(knrd aFViib1¢ ID th¢ UK and R¢publi¢ of ir¢laDd {FRS 102) (effective l January 2019). Chair's Report In the l&sl yeaT, Young People Fitsi ha5 CODIiDued io face peTSiSteni challenges SM8 from the impact of COVID-19 and wid¢r ¢conomic unccrtainty. bowever theclwity proadively laptcd its appToach. iring ihe year. Young People Firsi has coniinue41 deliver a range of programmes services aimed ai supporiing young people. These irtcluded opets y(th clubs. Dow for 8-18s. l-l men¢oTKng in secondary scbools, i]Kttased (klivery in primary schools and a new cornmty fdfe tiviee a week reaching UP to 30 berS of the community each While we bave faced consideffable challenEes in secuTing fundiDg via gr3J)t& the clJaTity has SUasSed lis largets for indivithial donations and events, showo%in8 the WaVering supp)rt of our community. The charity has also demonstsaied excepiioDd efficiency in managing its expeoditvre. maintsining a rigorou5 appro8¢h io overall cost cothtrol. This pnjdent manaEemeni has enabled us to optimise resowces and minimise unnecessary expenses. To ensure the sustainability of our operations. the cbarity has strate8]cally skn.fted its focus towards securing medium to large-s ants instcad of 5mall-sized . Thi5 approxh provides us with greater certainty in delivering our services, knowin8 that our will be adequately mtL Despile the fmaDcial landape wesentmg various obstaclth we TemaiD committed to the ptudeDi nwMgement of our reSoUes. seekmg 0ppffttitS for Sustsinabiliry while envLiyw that our seryices continue to positively impaci those we ser4e. We wer¢ d¢lighted to welcome Jo Squires as the new CEO in April 2W22. Jo has already proven to be an exceptional 1¢od¢r who cl¢arly embodi¢s th¢ cbaTityS missioo and values. Jo's wmmitrpent to the ¢haritys CaUS¢, tog¢theT with her energy, enthusiasm. and leadership. has broughi renewed vigour io ibe chariiy's op¢wations. Under her leadership. Jo has noi only implemen41 office and Maly changes bui a]so fosietrd invaluable nneCtionS wiihin ihe community. Her efforts have resulied iTJ a siwficant positive impacr on numuous young 01At atwj their families. Lxwing the year, YowAg People btsj farnvell to David Marr. wb) hal setved as the chair of the board for 9 years and a trustee for several yvars before Ihis. DaYi(f5 dedication: exiKrti5c, aThJ contributiOTL¥ to the charity hive been itivaluable, and we ex*Dd our sincue gratitud¢ for bis 5¢rvi¢¢. Following the dwrtur¢ of David, I w&5 appD]nt by th¢ board of trustees a5 the interim chair to Cr[¢ the ¢OnTinuiry of leadership and effective governanc¢. Th¢ board is currently undertaking a eomprehensive process 10 ideniify a pernMnI chair. which will include a rigorous seleuioD procedure and ¢onsulthiion wth key stskeholdeT5. During Dave's tenure as Chair, we have also extended a wam) welcome to Matthew Hill. who has joined a5 the new treasurer. MattbuV5 appoiDtmeDt has already proven iDstrumental ID enhanc18 fmancia] over5i8ht and stewardship within the organisatsotL In January of this year, we were delighted io welcome so many supponeys arnl Ioc81 Communiiy membeTS ai our fiTSi iD-person Annual General Meeting (AGM) 5iTK¢ th¢ ojwt of the COVID-19 pathi¢. Their participation added imrnense value lo the eveDI, Creating a shared s¢nse of nMithnt to our The trustees and I would like to cnd our thanks all ihe Maff, voluntttts. supporteTS. and donors who have CODtributed io the success of Youn8 Ptople First. Th¢ir dryllcats0 hard worK and 8¢n¢r05ity hav¢ b¢¢n instn]rn¢ntal in athieving the th¥rity's mi&sion to make a p)sitive difference in the lives ofyoung people in tteed. Sopbie Howe Cbair Pag¢ 2
YOUNC PEOPLE FtRST (ThfjDLANDS) REPORT OF THE TRUSTEES ffjr the year eDded 31 March 2023 Ob5ediYes and aim$ Our Char able Pu as set out in our l) To help young people in the WaTwick5hire. Covmty aNI Solihull &rtA to develop their physical and mentsl ¢apacilies so that they may grow to full rnaturity as caTing individuals and re5P)Dsible mrn]b¢r5 of yKi¢ty,' 2) The provision or 8SSiSthnce ID the provision ol activities and facilities for Tecreation and leisure time oceupalion and of inforniarion ¢onorning trdining reeTeatiffi h¢alth and independent living with the i)bject of improving the quality of life of young people in the ar¢a ofb¢ncfiL Our Visio No young person limited by di5advanla8¢ Ml Provide ¥itiVe activitiLs, create mtaningful and otherwist inaCClblt opp)rthNties and offu tsiloTtd Support to help disadvanraged young people transition to self.awred adul Young person cenrttd,. Caring. tThstworthy' passiona*. Frofes.081 As an organisaiion we see disadYants8e &% far greaiu than ttom)mic. BBC Cl)ildren in Need defines disadvantage &8.. 11]ness, di5tres4 abuse or neglecL any kiTMI of disability.. bebavi(xwal or psychologic difficuliie5: living in poverty or situations of dqJnvatioD. We believe th is a rniDimum {kfmiti and that disthanrage is complex, intercorfflert¢d and, ar limes systemic aJMI institutional. Page 3
YOUNC PEOPLE FIRST (MIDLANDS) REPORT OF THE TRUSTELS for the year ended 31 Mar¢h 2023 Slgnlficnt artlyltl Bryn5wi¢k Youth Projtcl This continues to be ow Centr youth wk (klivery, being based in the heart of our community in ihe Brunswick ward of Leamin8ton Spa. The BTunswick ward is [ked iti the w) 31P/. for depriwdtion. (N3ti1)Dal ]ndex of Multipl¢ Deprivation) afflicred by child povety. low ethic8tioDal attainmutr, hi8b crime Tate, open county lines. There is a high need for our pr¢v¢ntauv¢ and diversionjry work as we work to see No Young Person Limi( by Disodvan¢age. helpin8 young people io not just become a prod1 of iheir enwwntneni. ofwhich they have little control. The project has bistorically provthl aD opcn-acces5 youth club for the I16 year old young peopl¢ from tbe I?1 ¢ommuniry. delivering two Sessio per week that provide stimulaLLng. engaging and fim a¢tsviries for young people. Over this year we recognised ihe need io WOT with young pwle for a longer perio4 and thai particularly for ihe young people who were 15116 during lockdowD, there was a need for son)tthms Tnore after the youth club. We hav¢ sin¢¢ diversified this projecl and we run three distinct age-VOUP 4Jecific youth clubs. One for 16+ young people, one for 8-1 l year old young people, and wt continue to run Iwo evenings for 11-16 y¢aT olds. Each session is led by qualified. exwienced and ]rt8 youth w(Ykus who offer support and guidance. Within the sessions we offer food (usually ioasi or Sandwiches) and age appropnatt activitses, just for fill4 some eneourd8iDg exercise and (eamwork, others 5wrring general wellbeing. and a loi of specific life skills such as c(x)king or lime nwagement. Ovcrihe twelve month pen wc rni.. 126 youth clubs and mei 253 yowig peopk. Mentorlng Menioring continues ts) be a thtical part of our work with young people and over the I¢ 12 moDths we hav¢ m¢ntored 35 young people in the two local secondary sch15. We don't have a set lenoh of time for support foT a rnenttt, and tbis way we are able to work with them until they fttl like they no longer need such a level of sUp1L W¢ have also incTeased our mentoring support lo w(rfk with young people wbo are under 11 in two local prinwy schools. We were approa¢Fd by one of the sclM)ols. aljout mell]ng some of thc most vulneTrble children in the School and began a grp mentoring pft)gramrt with two small groups of thildren. and recently bEW two 1-1 5es5ions with vo children who were unable to engage in a VironMent. W¢ have Tn¢re&5¢d ow provision Th)w into anoiher prirnary school working with thc grp$ on themes such as transiiioning well to s¢coodary school and online safety. These grovps are rea¢hin8 a totsl of 21 YOUD8 PU)ple each week Holiday Provislon After previously ideniifying the need for famili&s Imve a'spac¢' wilh aaiviti£s for children and fd duTing the holidays we bave contiucd and grown this over the I 12 months. We bave Worked in PaTm¢rship with Myton Church. who provide voluDteer5 to help serve the famili, a5 well as support through provision of food home-mad¢ cakes. We have broughi in othu OT8anisations io tun a¢ttvities such as sp)ns, magi¢ and fa¢¢ paitstirtg and always have staff on hand io engage young people and chat io families. We offered weekly trips for young people over the summer. giving many of ibem opkx)numities they wouldn't (theTr¥ise have go on a day tiipl ex¢iiing v¢ntur¢. This 1$ something thai Heart of England funded in 2022, arrfl we are seekithg fvnding for thR5 scheme again 2023. Community Cfe The llew delivery tnodel for thts year widened our scope. If yowi8 people are the roc% of our Visio we ned to start Seeing Ihem rnore than JU individuals. A yowig puson hos a family, and a community Surrounding them, and for real positive change to occur. the impaci bas to t¢ wider than just them as one young peTson. We therefott starfed to think aFA>ui bow we eould sUp)rt this wideT netWOTk, to enable tbis nelwork to impact y>sitivety on y(wJng Ople and began a 'parents gro,. Whal sraffled oui &$ a small gro wIe pareDts could Come and have a euppa and a ehat hts now grown to a ihriwng community cafe where wt feed upwards of 60 people every week and provide a space for parents, young ¢hildr¢n and oth¢r m¢mbers of thc community to come and chal get sufft and advice. eat and be with others. As a result of these cortntttions we have held vario% familics with getting SUP) for their children at sd1 and with family services. and even throu] how8iDg w Pa4
YOUNG PEOPLE FIRST IMIDLANDS) REPORT OF THE TRUSTEES for the year eDded 31 2023 OWECTtVES AND A1VITIEs W¢ r¢c¢ived fvnding from Morri50ns ConmwTuty FuDd to sd up this cafe space, enabling us to buy quipm¢nt, resources (sucb as soft play equipmetht and high chairs), and have a weekly budget for food to tllable us to provide free hot meals io everyone whts tums up. The Cafe space h&s Ertcome a re for rn¥ny memtts of the comrnunity and CODiinues to grow as members inviie frieThts and other conthcts join. Overtht 12 month lOd. wc have been seeing an averdge of 32 Lte in the Izfc exh week. Safeguarding All of our work is underyjinned with an absolute desire and ddemiinail ensure the safely and wellbeing of all the young people we 5UPWrt. Our team is highly woficient in reco]$1¥ tential safeguardiDg coDcerns attd our safrguardinE Policy and accornpanng procedures tosures all concerns are appropnately Tecorded and actioned. L&sl year we raised 28 safeguarding concerns. concerns thai would have gone unnoiiced wiihoui our youth work and each and every concem had Ihe poieniial to significantly impxi on the wellbeing and future of the young people we support. This is why we ¢ontinu¢ io work within ourComlty- to prote¢i some of the most vulnerable in our StK. We have also recently buili a gwd ConDli0n with our local Community Safety Officer, Jon Barndl (Warwick Di5triei Council). and are working closely with him, meeting regularfy io share relevani infornialion. This inforniation sharing ha5 ¢nabl¢d us to better 5aft8uard the young peopl¢ thai w¢ work with aDd also provide Ulfonnation to safe8uard a wider n¢tsvork of yowig people. This 15 Particulady im11 with the wtvalence of counry lines and violence (including knife Crime) in this ea. We believe in the work we do and see a clear need for Mcle levels. All of our work has a direct coThelation to o vision of.. no young person limiled by disadvantage. This fiJr¥Jamentsl lief maintains our passion ad desire io achieve this goal and continues our drive to supwrt some of the tnost disadvantaged yOUDg people in our society. Thank Yous and A¢knowledgeTrents We can only maiotsin our operations with the support of others wbo believe in our vision" with the majority of the ¢baTity'S income generad from the suppon of charitable tsusts and foundalions we e etemalty grarefjjl io them. for eir IlIef in what we do and thcir willingness to suptnrt the MOStInerable. Sinc¢re thanks to the following for their ODgotDg suwKJrt.' Gatheld Weston Ex Par Community Fund Nalional ttery- Comrnunity Fund 29th of May Charitsble TnLSt Wanvickshire Couoty Coun¢il Small Morrisons Communily Grdnt Police CriTne coMTni]0l Heart of Engla1 Th¢ Edward Cadbwy GrJDt Warwickshire County Courtcil Local Authonty Community Grant NFU Mutual Agrncy Giving Fund CB & HH Taylor Grdnl BaTTart Homes Charitabl¢ Grant STRUCTiJRE, GOVERNANCE AND MANAGEMENT Governing do¢umen¢ The ¢harity ig controll¢d by its governing docwnenL a de£d of tnrt and consu1¢5 a limited company, limited by guardntre, as Ikfukd by the G)mpanAes Aci 20(kn. We were fornxd a Chan'ty in Marcb 1954. Originally knowi) as Wanvickshirt Association of Youib Club4 we changed our name to Yourt8 People First (Midlands) in June 2017. Frorn l Apnl 1997 we were irtcorporaied as a company litnited by guardnt¢e (no 3201917) and we are gov¢rned by its Memorandum and Arti¢ks of AssiKiati(Trn dated 21 May 1996.we ar¢ registered with the Charity Qjmmission as a charity (no 1056035). OTganisations or individua15 over 16 can apply to become a mernlr of the Charity by applying in the foTm required by the TrLtsiets who will Consider ihetr application. Page 5
YOUNG PEOPLE FIRST (MtDLANDS) REPORT OF THE TRUSTKES for the yegreoded 31 Mah 2023 STRucfuRE, GOVERNANCE AND MANAGEMENr Presldents #hd Vlce Pruid¢Dts PresidcDI- Tim Cox, Lord Lieutenanl of Wanvi¢kshire. Vice pSidents - Robert Aldenton, The Lady Butterworth. Mervyn Kimbuley. Tory Parsons. Ben Wesson. The Hon. Mrs WILeeler Bennetl arKi Mrs B.E. WiDstsnJey MBE, DL. 80rd of Trust¢¢5 We have actively encouraged young people uThJeT the age of 25 10 b#om¢ tnLStees ¥nd 14°h of our Board are younB people elected before their 25th birthday and we aim io inc¥ease thi& The direAoTS of the ¢haritabl¢ Company {the ¢harity) ar¢ its Trusteo for the purpose of chan"fable law thr(wJ8bout ilu"s report ¥¢ collcctivcly r¢ferr¢d to as th¢ Tne¢s. The trwtres. wl]o ale also the directors for the pury)os¢ of company law, aDd who s¢rv¢d during the y¢4r and up to th¢ dat¢ of signarnre of the finJcial Maments were". Mr D N Marr {Cbaimian) (Resigtsed 25 January 2023) Mr M Burns-Ja¢kson Mr L Elpitya Mr P Streel MrMRHill Ms K Whitehead Ms E Z¢en Ms A M BislM)p Ms S E Carol MsSIHowe (Resigncd 25 April 2022) (Apwinied 26 January 213) (Resigd 25 April 2022) {ResigKd 25 April 2022) (Appointed 26 April 2022) {Appoind 27 Apnl 2022) (Resi8oed l December 2022) (Ap1(cd l May 2022) The tfustees have paid due regard to guidance kssued by the Clwity Commission in deciding whai aciivities the ¢haTity should uudertakc. Publlc Benellt The Trustees complitsj with rheir duty to have due tegth io Ihe Charity Commission's sthlic benefit guidance (set out i s¢ctioD 40 of the Charities (Accounts and Reports) Re8ulatiotkS 2008) in decidin8 what a¢tiviti¢s th¢ ¢lwity should undertake. The tnjstees consideT that the chanty's activities Teflect our aims and objectives and thai they ar¢ desied to provide a¢c¢ssibl¢ servi¢es and actlVlLi¢S Ib ttnefil the approprie se¢r of the public An acwrdan¢e with Iw charitsble aciiviiieg. Public benefit is deMtrated throu.. - Young people ro the age of 25 in Warwickshire, Coventsy and Solihull are able to acces5 Age appropriatc activiti&%. recreation, sUPPOrt and training thai builds self4¢onfiden¢e, reinforc48 inclwsion within la] netwotks and Promotes opportunities to engage in non-forn)ai edatiO . yng people aTe per50nalty ernpTrwered as individuals and group5 so that they xtivety enwag¢ in and ¢ontribute to the planning process and fithue direciion of the Charity aNI its xiiviiies. - Providing an alternative and productive means of self4evelopm¢nt for hitherto alienakd. mawnalised or disaff¢d¢d young people therefore reding the rtsk of them Ing dTa*m antis0¢1 atyj behaviour or experience of Srtial excl10n. - Iwiiring youDg FWe by involvthg them in inkllatiVe yth WO iniriatives deliveTed by qualified youth wo WIM) present as positive adult role models. Pag¢ 6
YOUNC PEOPLE FIRST IMIDLANDS) REPORT OF THE TRUSTEFS for ¢h¢ year eJth4131 2023 STRUCTURL GOVERNANCE AND MANAGEMENT Providing quality $¢rviS to affiliated youth organisations and asslat¢ mcmb¢rs by giving th¢m aw¢5S to work¢r 5uppori training, praaical [esouTS and youth a¢tivity proEranThs therefore enabling them to deliver hi8h quality youih Work. - Helpin8 to develop positive ideas within young twle around the eoncw of belonging to peer group% comm¥Jnity involvement ad citizenship via the delvvery of based up)n ttarn buildin& care for other5, LTCativity and increased selfry¢sie¢m. - Assisting ID the appropriate preparation of young peIe for fjjrther education so increasing their potential to becom¢ responsible, use1]Y employed attd productive n)embers of society. Approved by order of the Iwrd of tru5t¢ts on 3 July 2023 and sigtsed its behalf by: P Jrrtesr P8ge 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YOiINC PEOPLE FIRST (MIDLANDS IndepeTrdet ex#mintr'$ report to the truslees of Young P¢opk fwst (Midlands) {'Ih¢ Companv,) I repon io th¢charity tnLsltts on my examination of the accourts of the Company for the year amled 31 March 2023. Responsibiliti¢5 and basls of report As th¢ chzrity's ttiiste¢s of th¢ Cor0)Y (and als0 its director5 for the pwses of eompany law) you are responsible for the preparation of the accounts in accordaDce with the r4uirements of the Companies Act 21M)6 Cthe 2(M)6 Acfi. Having satisfied myself thai the accounts of the CoTnpaDy are Tequired ty b¢ audRled wider Part 16 of th¢ 2006 A and are eligible foT independeDi examinalioD. I repon in TESSKd of my ¢xamiDation of your ¢harity'5 acwunts as ¢aJTied out under Section 145 of the ChaTities Act 201 E Cthe 2011 Act?. In Carrying my examitiats.on I have followed the DiTe¢iions given by lh¢ Charity Commission under knion 145151 OJ) of the 2011 Acl. Independent examlhtr's statement I have compl¢ted my ¢xarnination. l ¢onfirni that w matt¢t5 bave come th JDY *ttents"on in connection with the examination giving me uuse to beli¢ve:
¢countin8 records were noi kept in ryi of the Company as requireAI by sect 386 of the 2¢X16 Act" or
th¢ a¢¢ounts (k> not accord with those r¢cords,' or th¢ accounts do not comply with the accounting requircmcnts of SedioD 396 of the 2006 (rther than arty requiremenr thai the a¢covnts give a true and 18ir view which 15 noi a Matter considered as pth oran independent examination" or th¢ aOUnts have noi be¢n ]ryared in accorda¢ with the meth(Kts and principles of ibe Ststemtht of R¢commended Practice for accouttting and reporting by chariti'&s (applicable to charities prcparing their accounts in accordan¢e with the Finan¢iai Rewrting StsDdard applicable in the UK and Republic of IrclaDd (FRS 102)). I have no concerns and Ilave corne across no other in co]u)ertion with the examinarioD to whicb atlention should be drawn in this reEM)rt in order to enable a properunderstanthng of the accounts to be Teacbed. GT¢gg Oln¢r MPhil BA (HoTLS} ACA Harrison Beal¢ & Ow¢n Limited Chartered Accounthts Highdown House I l Highdown Road Leaminglon Spa Warwicks"re CV31 IXT 3 July 2023 Page 8
YOUNG PEOPLE FIRST (MIDLANDS) STATEMENT OF FINANCIAL ACTlVtTtES (UYCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for ihe y¢•r ended 31 m¢h 2023 21123 Tot#] fund5 2022 Totsl funds Notes TNCOME AND ENDOWMENTS FROM Donations and legaeies 11587 50,925 Chiritble etivities Supporling Young People 147J63 179,463 339.430 Oiher trndiib8 activiii&s ]nv&stment incorne 15,146 1.718 10,587 51 1268 Toial $9,499 149 209,182 4(KJ,993 EXPENDITURE ON R2isiDg fund5 422 522 3,513 Charitsble tivitieS Supporting Young People 227.609 129J32 357.441 397,771 Total 228,031 129,932 357,963 401284 Nel gairts on invesknertls 1.914 1.914 11.029 NET INCOMEJff XPENDITURE) Transfers behveen funds (166.618) 811J76 19,751 (81)J76) (140067) 10,738 18 Net movement in funds 186342) {60ffi25) {A46,867) 10,738 RECONCiLIATION OF FUNDS To¢al fwids brough¢ foTward 202300 87(1,723 859.983 TOTAL FUNDS CARRtED FORWARD $82281 I4175 723.856 870,723 cONTINuG OPERATIOiYS All income ad expenditure h&% aThSry] from ¢ontinuiDg activitie5. The slatcment of financial ¥iiviti¢s includes all gains and los rt¢08Di5esJ in year. The statement of financial ¥tivities also ¢omplies with the TW4UiTeJJKnts for on iD¢ome and expenditure account UTthr the Companies Act 2(MJ6. The no*s fom) part of these fiTwKial ststernents Pa8c 9
YOUNG PEOPLE FIRST (MIDLANDS) BAtANCE SHEET 31 Marth 2023 2023 Tolal funds 2022 Total fijnds Unr&stride41 Restricted fijnds FIXED ASSETS Tangible L%sets Invesiments 14 15 352.lJ66 187,115 352,066 187,115 370,329 185.201 539,181 $39,181 555.530 CURRENf LSSETS Debtors Cash at bank 16 054 41546 &OS4 183,121 2,850 359,785 14J575 49.60 14157S 191,175 362,635 CREDITORS Amounts falling within on¢ year 17 (6JOO) (6W) (47,442) NET CURRE[ ASSETS 43,100 141575 184,675 315.193 TOTAL ASSETS LESS CURREKr LIABILITIKS 58U81 14J575 870.723 NET ASSETS 582281 141 J75 723.850 870,723 FUP4DS Unresthcted fimds Restricted fund4 18 581281 141,575 668,523 202.200 723.856 870.723 The charitable company is eniiiled to exemption from audit urthr Section 477 of the Companies A¢t 26 for ihe year ended 31 March 2023. The Tnernbers have nol Tequired the company to obtain au audit of its finawial statemuts foT the yur ended 31 March 2023 in accordance wilh Sttiion 476 of ihe CompHnies Act 21XI6. The trslee$ acknowledge their respon5ibililies for (a} ensurin that the eharitsble company keq)5 accouniiD¥ records that comply with sectt.ons 386 aDd 387 of tthe Companies ACÈ 2(M)6 aNI preparing fmaocial statements which give a tyue and lair view of tbe of affairs of the charitsble company as at the end of each financial yfdT aTMI of its suiplus or deficii for each financial year in accordaDce with Tbe requiremenis of Section5 394 and 395 aDd which othmvise eomply with the requirements of tl* Comp¥nies Aet 26 relating to financial StsleMen so faras appliuble io the charitsble company. (b) Th¢ n$ forni of these fin•1#1 Page 10 contioued...
YOUNG PEOPLE FIRST (MIDLANDS) BALANCE SHEET- e•ntlnued JI Mar¢h 21P23 TIse financial MatrmeDts ha b¢¢n in #¢cordan¢¢ with th¢ pmvisioL8 applicable ts) eharitable compati]¢$ 6ubjecl to the small cthnpanies Tegime. Th¢ financial stsiements wer¢ appTov¢d by the Board of Tnksttts and auth for issu¢ 4)n 3 July 2023 and W¢T¢ sigD¢d on its behalf by: P ST(££r The < fomi Jwt of these financial stswnen Pagell
YOUNG PEOPLE FIRST (MIDLANDS) NOTES TO THE FINANaAL STATEMENTS for Iht year ended JJ Mar¢b 2023 CHARITY INFORMATION Young People First (Midlands) is a pivate ITmited by guarantee irKory¥)Trted in EDgland and Wales. The registered office is Jubiltt House, Westlea Roa4 LeamingtOD Sp4 Wanvickshire, CV313JE. ACCOUNTING POLICIES Basis of prtyrin8 the fmancial sttemertts Th¢ flnancial ststerntts of ihe charilable CLMnpany. which is 4 public rit cntity under FRS 102. have ien prepar¢d ID accordanc¢ with th¢ ChaTiti¢s SORP (FRS 102) 'Ac¢ouDting and R¢wting by ChaTiti¢s.' Statrm¢nt of Recommended Pracii¢e applicable to ¢harities prep3riDg their accounts ID accordance with the Financial Reporting Stsndard applicable in ihe UK and Republic of Ireland (FRS 102} (effective l January 2019}', Finaneial Reporting Standard 102 'The Financial Repoth"ng Stsndard applicable in the UK and Republic of Ir¢land' and th¢ Companies Act 2[kn. The financial stalements bave ixeD prepared UDder the "stOrical eost nvention, with the eXce10n of investTr%nts w.Ch aTe included at malkd valut, as modified by tbE revaluation ofc¢rtain assets. Golng ¢oth¢ern At the tirnc of approving thr financial 5tatemeDts. the trustces havc a reasonable expectation that the chaity has adequalt resouTCts to contill in operational existence for thc foreseeable future. Thus the truses continue to a(knpt lh¢ going wnc¢rn b&%is of aCUnting in tK¢paring th¢ financial statemenES. Critical ccounting judgements and key SOr£¢$ of estimation uncertainty in the applicatiott of the cbaritys accounting polici4 the tnJses are required nmke judgements. estimates and umptsons aboui thc canyin8 amwil of ats aDd liabilitÈes that are Doi readily appareni from other sources. The esiimate5 and aSslated &ssumptiODS are bth on hisiorical exprriencc and otber factiKs that aTe ¢¢)nsid¢red io b¢ r¢l¢vanL A¢uLa] r¢sults may diff¢r from th¢s¢ ¢5timale5. The estimates and underlying assumptions aye vIeWl on an ongoing tosis. Revisions to a¢ting estimat¢5 are recognised in the penod in which ihe lMa is revised where ibe revision affects only thar riod. or in ihe penod of the reytsion and fuhwe FfK¥Js whewe the rnision affttts both Curmit artd future peri(¥Js. No sificallt JIements have had to bc mth by the tnLStets in preparing these fujancial sratemenl& All ineome is retognistd in thc Sialernent of Financial Activities once the charity has enliilemeni io ihe fimds. il is probable thot th¢ irKome will be tffeived and the amount be measwed reliably. C&sh donations ate recognised TeceipL Other th>Datiots are recognised once the chaT]"ty en notified of the donaiion, unltts perfomiance conditions require deferrdl of ihe amount. IneoTne tax recoverdble in relation to donations re¢¢iv¢d und¢r Gift Aid QT deed5 of wv¢naDt is r¢¢ogDised at th¢ titn¢ of th¢ donatlOD. Legacies are reco¥nised on elpt OT othawise if the tharity has been ]ffied of an impertdin¥ distribulion. rhe amount is known. and receipt is expecied. If the amount is nol krHJffj. the leg&y is treated as a conlingenl asser. Grants toward8 rev¢nue expenditiue are leaSed to the profit arNJ loss xwint as the relatel expendi 15 incurred Grants of a capital nanjre are ?nted io the relevant capitsl item io •Athich the grani is in respect of amortised oveT the remaining $efi life of the &sset concerned. penditsre Liabiliti¢s are recognts¢d as ext] as soon as there TS a legal or constru¢tiv¢ obligation committing th¢ Charity to that expcndiDJie, Tt is probable thai a transfer of ec4>llomic lllefits will be requirtd irt settlemeni and the amouni of the obligation ean me&sured reliabty. Expermiiture is aceounted for on an acen]als blS and has be¢n cla$5ifi¢d under headiogs thai aggregate all CO reed io the category. Wh¢r¢ sts Cann be diwily attributed to parti¢ulaT headitigs they have been allated activities on a basis consistent WAth th¢ use of Page 12 eontinued...
YOUNG PEOPLE FIRST (MtDLANDS) NOTES TO THE FINANCIAL STATEMENfs- tonthiued for the year ended 31 Martb 2fj23 AccouKrtNG POLICIES- contlnued Expendlthre Costs of raising funds wmprise the w5ts a$slate{l with attr¥iiDg volwllary inwme and the of trading for fimdrdising pwpose5 aNJ ibe of staff involv>J ID the raising of funds aDd their aswiated support costs. Expcnditure On charitable activities Includes the costs incurred by the charity in the delivery of its aettvities arml services for its benefi¢iari¢s and their a$Slated sup1 Irrecoverable VAT is cbat8ed &% a COM a8aitLrf the aciiwity forwhich the expendiDJre was incurtd. Support costs relate to ex[11UTe th has been incurred on fimet10 that S1$L the WOTk of the charity bui do Dot dire¢tly relat¢ to charitsblt acttvities. Taneibk red assets Tangible fixed &&%e15 Costing £I.(KKI or More are capiialised and inilially measured at cost and subsequently measured ai ¢ost or valuation. nd of depr¢¢iatii)D and any impairni¢Dt105ses. DepTeLiation is re¢ognised so as to write off the Cosi or Valu10 of the assets less their residual values over their Useful live5 on ihe followng b.. Leasehold Land I£asehold Buildings Over the terni oftht lease Over Ihe shorter of SO yean or the lease ttm Over the ten• of the 10 year knnc¢ ts oceupy the lond 29 M•y 2024 Over S year5120•/• SL) Over 4 year5125•/• SL) Over 3 ye4rs133"/ SL) R¢fvrbisl]ment of Sm Court Molor VehL"cles FurnitUTe and Equiprnent Furniture and Equipmenl The gain or loss arising on the disposal of an asset is deiem)ittd as the diffeten¢t between the sale priKtt&% and the Carrying value of the asseL and is recowiised in income1(ext.tTt) for the year. lrnpinntnt Df fixtd assets Ai each r¢poning dale th¢ chan'ty rniews the CaltiE amou of its assets ddennine wbether theTe is arty indication that those ass¢ts are included in the fina¢13] statemettts at an amounr in ex¢tss of eitlr the ¢xp¢¢t¢d sale pri)cecd$ or the value to th¢ charity i)btainable thrnugh use (th¢ reVerable aMow}. If an ossei is held on th¢ balance sheet ai an amouot gffaitt than the recovtrable amouni thets an impairnnL Ioss is recognised in the SOFA to reduce the assd value. Taxatiort The chariry is ¢xempi from tax its tharitaTrle Xfivities. Fund aeeounting UnrGstricted funds ¢an be used in a(th¢¢ with the ¢l¥riLable obieaives ihe discmion of ihe tnlees. Designated fijds conyise fimds wh]"ch have been sd b*de the di%crdion of the InLStees for sNifK puw. Re5trieted funds can only be used foT particular restri¢trd purposes within the objects of the charity. Rn¢t105 aris¢ lI¢ll specified by the dot)oT orwhen are rnised foi particular rutrTrcted puTp05CS. Further explanation of ihe nalU and pwp)se of each fund is include4J in nc$ io financial srhtements. Foreign curr¢ncie$ Assets and liabilities in foreign currencies translated into steAin¥ at ibe rnt¢s of excbange rnling at the balance sheet dale. TrdDsactions ID foreigD Currencies are translated into 5t¢rling at the rate of exchange ruling at the date of IJa¢llOll. Exchange differeoces are tskem ioto account in arriving ai the operniing resulL Page 13 ontinued...
YOUNG PEOPLE FIRST (MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS- conllnued for the yer ended 31 Ma 2023 ACCOUNTING POLlCtES- cOntined Pen51oh costs and other pos1¢reMet btnellts Tbe dritsbIe comparty operdtes a defintd contribution Fthsion scheme. ContrilyjtloS payable to the tharitable ¢oThyany's ptn5ion scheme are charg¢d io the Statement of Financial Adivities in the peri to which they r¢la¢¢. The charity iniLially COnul£s 3 / and MCheS employee conmffjutions up of salary In the defi]d ¢ontriiKLtion s¢hetne. Fin#nell In5trnMents The chan.ty has elecred to aEvly the provi5iODS of Secti¢)ll I l B&ic FiDancial InstnuncDts' aThJ scdion 12 '0ther FinaTKial Inslruments, of FRS 102 10 all of its financial Instruments. Financial instrvments are re¢Ogll in the charitys balance shed when tbe charity b¢comes to the contrdcthjal provisions of the instrument Financial wets and liabiliiies ar¢ offseL with th¢ att]ounts pre5¢ni¢d in the fmancial statements, where there is a legally enforceable right to set off the recognised amouots and tbere is an intention 10 5¢tt1¢ on a nei basis or to realise the &ssd and setrle the liability sim¥jltsneouy. Basic fi¢11 assets B&%ic financial assets, which include deots and cash and bank balancts. are inilially measu1 a i transaction price including transaction costs and are sub5equenily carried at aTfK)ni5ed cost using the effective intere rnethod Unless the atrdngement constitutes a fuJaDcing traDsactTron, where the transaction is rne4sur¢d ai the pres¢nT value of th¢ fvture T¢¥eipts diso)uni¢d al a mark¢t rat¢ of interesL Financial assets classified as receivable wiihin one year are noi anN)nis&l Ba51t fihnelal Ilabllltles Basie financial liabilities: iwluding CrltOrS and bank loans ar¢ initialty r¢En1$¢d at transa¢tioD pn¢c wllcs5 the arrangement coosritutes a financing tt8ns¥tion, where the d¢lx instrument is measurtd at the present vu¢ of the fiure payrnents di%owLied ai a markei Tate of interesL Financial liabiliiies classified as payable within one yeaT are amonise Debt Ènstnjments are subwuentty c4rried at amonised cost. wing the effective inlerest rar¢ m¢th¢)d. DerttogmitiDn of finaneil libililtes Financial liabilities are derecognised when t ¢harity$ contrauuaj obligaiions expire or ar¢ diharged or ancelled. DOIYATIOIYS AND LEGACIES 2023 Total fuods 2022 Total [kn1atiS liJ87 Jl.$87 50.925 Page 14 continued...
YOUNG PEOPLE FIRST (MIDLANDS) NOTES TO THE FINANCIAL STATEMEKfs- ror the yr ended 31 Mw¢h 2023 OTHER TRADING ACTIVITtES 2023 Total futsds 2022 Totsl ffijnds Unrtstyictd Restricted fijnds Fundraising events Renr received 1,718 3,221 13,643 13,643 10.587 IS146 1.718 16,864 10.587 YVLSTMEiYf INCOME 2(123 Total fund5 2022 Total funds Unrestric*d Restriued Interest r¢c¢ivabl¢ Divbdertds rcrcivable 1,166 51 100 1,268 51 ]NCOME FROM CHAIUTABLE AcnviTIES 2023 2022 A¢iiviry suprting Young Peq)le sUprting Young People Supporring Young People Youth Wthk ComnJunitie5 & Groups MentoriIi8 & Sthools 31,50 83.DJ i 64,952 203,973 69,663 65.794 179.463 339.430 RAJSING FUI¥DS R¥ising dolI0S and leE4cies 2023 Totsl funds 2022 Total nds Unrestri¢trd Restrided Fundraising costs 422 522 3,513 Page 15 ¢(tinUed...
YOUNG PEOPLE FIRST (MIDLANDS) IYOTES TO THE FINANCIAL STATEMENTS- continued for ihe year ended 31 2023 CHARTTABLE ACTIVITIES COSTS Support sts (5¢¢ note 9) Dired Tots15 Supportin¥ Youn¥ P¢opk 177,067 18ilJ74 357,441 SiiPPORT COSTS Totals Supporting Young People 16&750 (371) 13,995 180J74 Supwt Costs, inclu1 in the above, aTe as follows: Ment 2(123 Suppyrting YOug Peopl¢ 2022 Total tivilies Wagf5 Social security Pensions Insurance Light and hear Telephone & internet Postage and station¢ry Sundries Travelling Staff iraining IT & comput¢r costs Repairs and r¢ncwals Motor nmning cosrs Dq)reciation of tangible and heritagc ass¢ts 86,075 7.649 3,649 2,875 7.165 6J09 I.S07 5,965 79,547 6930 3,793 2,737 3,814 5,562 1.8S7 9.367 931 8J48 17.978 JJ33 16.966 4587 7,217 3(1.467 1,577 15,482 166,75(1 171,026 2023 Supportin¥ Young People 2022 Total activilies Bank ¢harge5 Exchange rate V8Tiart¢ 275 (646> 303 (371) 3(13 Page 16 continued...
YOUNG PEOPLE FIRST (MtDLANDS) IYOTES TO THE FINANCIAL STATEMENTS- ror the year ended 31 Mar¢h 2•23 SUPPORT COSTS- Governatttt tosts 2023 Supporting Young People 2022 Total activities Independeni examirtvs remunerntion Legal and prOfS1Oal Accountan¢y fees 3JlXI 8,649 1700 14,16(1 2J34 13.995 19.194 io. NET INCOMEJ(EXP£NDITURE) Net incomel(expendirure) is se1] atler charwyJ(creth"titig): 2023 2022 tkpreciation. assets 24J47 23.063 TRUSTEES, REMUNERATION AND BENEFITS The Charity truttS were Im paid nor rtceived any her benefits fn)m employmeni with the charity (2022 - £nil) neither wert they reimbursed exrKn5es during the year (2022 £DiI}. No charity received payinent for professional or other services SUFvlied to the chariry (2022- £nil). Trusteu. expenses There wtte no trUte expetw paid for the year ended 31 March 2023 for the ye4r ended 31 March 2022. li STAFF COSTS 2023 2022 Wages and salari&s Social security costs I¢r p¢nsiot) costs 212243 11.478 8,$64 8,982 8,021 2J2J85 The charity COD5tders its kry management wsotmel to be the trusttts, tht Chief Offi¢u, the Deputy Chief Officer, and the Finance Officer. The totsl employmeni ttnefils illcludtng employu pension rontributiolls of the key management personnel was £90.994 (2022- £86.1401 The averdge monthly number of employees during the year was as foll¢)ws: 2023 13 2022 io Staff No employee5 re)Ved emoh]ments in excess of£60.(#X). Page 17 ConthnuI...
YOUNC PEOPLE FllisT (MTDLANDS) NOTES TO THE FINAIYCIAL gfATEMENTS- ¢onliTrued for the y¢ar eDd¢d JI Mh 21ll3 13. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACnVJTIES UDre5tricied liesricted ds Tothl INCOME AND ENDOITrTrIENTS FROM DotLation5 and le¥a¢ies 50,925 50,925 Charhble activiti¢5 Supporting Young P¢ople 203.973 135.457 339,430 Other trading activilies Investmen¢ income 10.587 51 10.587 51 T•tl 265.536 135.457 41)0,993 EXPENDITURE ON Raising fimds 3,513 3,513 Cbarilable acti1¢% Supporting Young PeOt 125.635 272,136 397,771 Totsl 129.148 272,136 401,284 Nei ¥ains on inveth)eDts 11.029 11.029 NET fNCOMFJ(EXP£NDITURE) Transfers be¢weeTr funds 147.417 (1281) (136.679) 1.281 10,738 Nel movement fuhds 146.136 (135.398) 10.738 RECONCILIATION OF FUNDS Tokl fimds brought fOrard 522.387 337.598 859,985 TOTAL FUNDS CARRIED FORWARD 668.523 202.2(M) 870,723 Page 18 coniioued...
YOUNC PEOPLE FIRST (hfiDLANDS) NOT TO THE FINANCIAL STATEMENTS- Ced for the ye¥r ¢oded 31 Mar¢h 2023 14. TANGIBLE FIXED ASSETS Fixiures and Freehold mOr vehicles Totsls COST At l April 2022 Additions 849915 44829 906390 At 31 Mar¢b 2023 849,915 55,113 912.574 DEPRECIATION At l April 2022 Charge for year 479W6 23,063 48029 535,961 24,547 At 31 Mawb 2023 5(12,649 SDJ13 7¥6 560JO8 NET BOOK VALUE At 31 Marth 2023 347,266 352.lJ66 Ai 31 Marcb 2022 370329 370J29 15. FIXgD ASSET INVESTMENTS FPCAF Fixed Intrresi FPCAF UK Equity Tothts MARKET VALUE Ai l A1 2022 20324 {iJ53) 164,t76 3268 185,200 1,915 Revaluation5 Ar 31 March 2023 18,971 16&144 187,115 NET BOOK VALUE At 31 Mat¢h 2023 18,971 16&144 187,115 At 31 March 2022 20J24 164,876 185,200 The were no invesunent a&sets outside the UK. Cost or valuarion ai 31 March 2023 is by.. FPCAF Fixed Imierest FPCAF UK Equity Totals Valuation in 2023 18,971 168.144 187.J15 Page 19 continued...
YOUNG PEOPLE FtRST (MIDLANDS) NOTES TO THE FINANCIAL STATEMEfft- eonthued ror the ye*r tnded 31 Mah 2023 16. DEBTORS: AMOUNTS FALLTNG DUE wfTHIN ONE YEAR 2023 2022 TTad¢ d¢btors Other debtors 349 2,754 2JOI 2,850 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trnde creditors Social security and otheT t&xes Other creditors Deferred incomc Accrued £XpeLS 2,135 5,683 868 632 40.(X)O 259 1,005 47.442 An arTh)unt lotalling £40,C(KI (2022 - £145,456) wds rEkascd to inrome during the year in respect of deferred grdnts where the &ssociaied perfornwKC COJKiition5 wert saiisficd. An atnounl totauing £nil Q022 - £40,000) was in¢luded within defe¢d InMe awaiting satisfaction of varioLL4 wforniance condilions. MOVEMENT IN FUJYDS Trnnsfers At 31.3.23 Ai 1.4.22 in fun UTrrestri¢ted funds Fret reserves Unrestricted fed 29&194 370J29 {142,1171) (24J47) 74,093 6383 230.216 352,065 (166h18) 811J76 582281 Restrieted funds Ar8yle-Robin50n Communiiiu & Groups Mentoring & scbools 8(lJ76 39516 82338 180J76) 41574 17.763 20U 19.751 180J76) 141575 TOTAL FUNDS 870,723 (14Q867 723,856 Page 20 continued...
VOUNG PEOPLE FtRST (MIDLANDS) NOTtS TO THE FINANCIAL STATEMENTS- for the year tnded 31 Mr¢b 2023 18. MOVEMEIYT IN FUNDS- tonttntsed N¢t movement in fimd& it) th¢ aknv¢ are a5 folknv5'. Incoming Resow¢es Gains and Movement in funds Unrestrleted funds Free r¢s¢rves Unr&sthcied fixed assets 59A99 (2•3,414) {24J47) (142,071) (24,547) 59,499 {22&031) 1,914 (166.618) Restrieted funds Comrnuniti¢s & Groups Menioriog & scbools (82,742) {47,19(1) 64,953 17,763 149M3 {129,932) 19.751 TOTAL FUNDS 209,182 {357,963 1,914 {14067) Comp8rtivts for Trovemenl in funds Na fivement Transfers At 31.3.22 Ai 1.421 Unres¢ri¢t¢d fund$ Free reserves Unrestricted red asse 728,995 393.392 170,480 (23.063) (1281) 298,194 370.329 522 J87 147.417 (1281) 668.523 Restrirted funds Brnnswick Youth Pmjecr Argyl¢-Robinson Communities & GTOUP5 Mentoring & schools (1281) 1.281 80,376 111.772 145.450 80.376 39,586 82.238 {72.186) (03212) 337.598 {136.679) 1,281 202,200 TOTAL FUNDS 859,985 10.738 870,723 Page21 ¢ontiDWI...
YOUNG PEOPLE RST (TrfiDLANDS) NOTES TO THE FINANCIAL STATEMENTS- ¢ontiDutd for the year ¢wded 31 Marth 2023 18. MOVETrTENT IN FUNDS- continued CoD)pardtiv¢ n¢1 llK)v¢m¢nt in fiuKls. iluded in thc abovc are as follows". Incoming Resources Gains aTrJ Ioss¢5 Movement in funds Unrestri£ttd fwnds Free reserves UnKstrictrd feI ats 265,536 (106,085) (23.0631 11,029 170,480 (23.0631 265.536 (129,148) 11.029 147,417 BruDswick Youtb Projeci Commurtities & Grnps Mentoring & s¢hool$ (1281) (141.849) (129.INJ6) (1281) (72,186) (63,212) 69.663 135,457 (271136) (136.679) TOTAL FUNDS 4(Kl.993 (401284) 11,029 10,738 A current year 12 months and prior yedr 12 mlthS Combi Posilion is as follows: Net movtmtni in fLmd5 Tran5ftr5 between Ai 31.3.23 At 1.421 UthrÈ5tricted fijnds Free rtserves UnrLstricted fixed Lssets 128,995 393,392 28,409 (47,610) 72,812 6.283 230,216 352,065 522J87 (19,201) 79,5 582281 Restricted funds Brunswick Youth Pn)jKt Argyle-Robinson Communiiies & Grws Mcntoring & Sch(1$ (1281) 1,281 (80.376) 80J76 1.772 145.450 (70.198) (45.449) 41.574 100,001 337,598 (116.928) (79.095) 141,575 TOTAL FUIYDS 859.985 (136.129) 723,856 Page 22 coniithued...
YOUNG PEOPLE FIRST (MIDLANDS) M)TLS TO THE FINANCIAL ¥fATEME- for the year eDded 31 Mr¢b 2023 MOVEMENT IN FUNDS. Contined A current year 12 rnonttL5 and pTior )raT 12 cornbiDed net ent iti funds, included in the above a &s follows.. In¢(bmin8 Resources Gain5 and losses Mov¢m¢nr in funds Unrestricted hnds Free reserves Unresthcied fixed assets 325,035 (3,569} (47,610) 12,943 28,409 (47,610) 325,035 (357,179) 12.943 (19.201) Re5trided fund$ Brutlswirk Youth Project Communities & Groups M¢ntorillg & schools (1281) (224,5911 (176.196) (1,281) (70,198) (45,449) 154J93 130.747 285.140 {401068) (116.928) TOTAL FUNDS 610,175 (759247) 12,943 (136.129) Free Yeseryes represeDt aMots held io firtlw the ¢lwitabk obj¢aive5 as the truste¢5 se¢ fft. The unres¢ricted fixed assd fund is a designad w sa aside recognise the net book value of th¢ fixed assrfs used by the chuity. Brnnswick Youth Projeet is an i)n aece&s yth PTOi1 that provisi( to young ptople on the Bnjttswiek Estate. Ar]e-RobInSon T¢pres¢nts amowjts donai¢d in memory of Ronald Gwffr¢y Argyle-Robinson lo support OUT work with young people and youth grow)s in Leamington. R*l(ord Sen1¢. Whiinasb and Bishops Tachbrook. Communities & Groups has been set up to help young p¢opl¢ in the Wan¥i¢k distrid mmunity with after-scbool attd evening clubs attd holiday provision. Menioring & schools is foT helping yow)g pwile in thiion and support theIrMthI health and wellbeing. A9. RELATED PARTY DISCiA)SURFS Th¢Jr were no relaied party transactions for the year ended 31 Mw¢h 2023. Page 23