REGISTERED COMPANY NUMBER: 03201917 (England and Wales) REGisfERED CHARITY NUMBEIL. 11)56035 REPORT OFTHE TRusfEES AND UNAUDITED FINANCIAL sfATEMEN13 FOR THE YEAR ENDED 31 MARCH 2024 FOR YOUNG PEOPLE FIRsf (MIDLANDS) Hanison Beale & Owen Limited Chartered Accounlants Highdown House I l Highdown Road Lumington Spa Warwickshire CV311
YOUNG PEOPLE FIRST(MIDLANDS) for Ibe year ended 31 Mareh 2024 Page Referenee and Admlnl¥tratlve Detalls Report of the Thiitee8 2 to 9 IDdependent Examlner'i Report 10 StatemeDt of FIDao¢tsl Actfvltl Balinee Sbeet 12 to 13 Nots8 to the Flnantlal Statements 14 to 25 Detalled StstemeDt of FIDan¢lAI A¢dvlde# 26 to 27
YOUNG PEOPLE FIRsf(MIDLANDS) REFERENCE AND ADMINISTrATIVE DETAILS for the year ended 31 MArcb 2024 TRUSTEES M C Bums*Jackson P Street (resigned 16.1.2024) Ms A M Bishop (resigned 15.8.2023) MS S l Howe (resigned 25.6.2024) MRHill Ms A A K Bass (appointed l.11.2023) J M Ishepwood {appointeAI 8.5.2024) D S Reynold8 (appointed l.11.2023) COMPANY SECRETARY Ms J A Squires REGISTERED OFFICE Jubilee House Westlea Road Leamin8ton Spa WaThvickshire CV313JE REGISTERED COMPANY NUMBER 03201917 (England and Wales) REGISTERED cHARy NUMBER 1056035 INDEPENDENT EXAMINER HwTi80n Beale & Owen Limited Chartered AeA)untants Highdown House I l Highdown Road itsrnington Spa Warwickshire CV31 Ixr SOLICITORS Moore and Tibbits 34 High Street Warwick CV34 4BE Unity Tn¢ Bank P 4 Brindleyplace BI 2JB Page I
YOUNG PEOPLE FIRsf (MIDLAM)S) REPORTOFTHE TRUSTEFS for the year ended 31 Mar¢b 2024 The trust¢¢5 who are a180 dire¢th of the ¢lwity for the pwpose8 of the Companies A¢t 2006, present their report with the fmwiciaj statements of the charity for the y¢ar end 31 March 2024. Th¢ trustees have adopted the provisions of Accounting and Rq)orting by Charities: Slatement of Recommended Practice appli¢able lo ¢harities preparing their axounts in accordance with the Financial Rwting Standard applicable in the UK and Republic of Iffland (FRS 102) (effective l January 2019). Cbalrl8 Report In the last year, Young People First has continued to face persistent challenges sternn8 from the impact of COVID-19 and wider economic un¢¢rtainty. however the ¢haTity has proactively adapted its approach. Dn8 the year. Young People First hos continued to deliver a rnn8e of programmes and services aimed at supportin8 young pK)ple. These included open acxws youth clubs. now for 8-18s. l-l m¢ntoring in secondwy school4 increased deliv in primary schools and a new community cafe twice a week rhIng up to 30 members of the community each time. While we have f#¢ed considernbl¢ ¢hallenges in securing fimding via ants. the eharity has sUassed its targets for Individu donations and events, 8howca8in8 the unwavering support of ow community. The charity has also exceptiond ¢ffi¢ien¢y in managin8 its expendiw nMinlainin8 a rigorous approach to over1 cost ¢ontrol. This prud¢nt managenwit has enabled us to optimis¢ Ind minirnise unneLw ¢xpenses. To ensure th¢ sustainability of our operations, the charity hL8 Strategically shifted its focus towards securing medium to lar8e-sizal grants instead of 8rnall-sized grants. This approach provides with yeater certainty in d¢liv¢ring our svICes, knowin8 that our expenses will adequately met. Despit¢ the financial landscape presenting vorious obstscles, we renuin mmItted to the prudent mana8ement of our resources, seeking opportunities for and sustainability while en8urin8 that our 8avic¢s continue to positively impact th08¢ we serve. We were delighted to welL¥)me Jo Squires as the new CEO in April 2022. Jo has already proven to be an ex¢eptional leader who clearly embodies the clwitys rni$sion and values. Jo's commitment to the charitys cause, together with her enew, enthusiasm. and leadership. h&8 bTh)ught rnwed vigour to the charitys operntions. Under her le&dership. Jo ha8 not onty implemented office and staff changes but also fostered invaluable connection3 within the ¢ornmunity. Her effort8 have resulted in a significant p)sitive impact on nwnerous youn8 people and their families. Dwing the year. Young People First bid farewell to David Mwr. who had Served 88 the ¢hair of the board for 9 y5 and a ITUStee for severnl years before this. David'8 dedication, expertise, and eonlnThutions to the ¢harity have been invaluable, and we extend our $in¢ere for his service. Following the departure of Davi41 I was appointed by the board of tnistees as the interim chair to ensure the continuity of leadership and effective governance. The board 18 CUTrently undertaking a LThipr¢hensiv¢ process to identify a pernwienl chair, which will include Vd rigorous seledion pro¢¢dure and Consultation with key stskeholda¥. Durin8 Dave's t¢Thwe as Chair, we have also extended a waTm welcome to Matthew Hill. who has Join as the new treasurer. MatthcWs appointment has already proven instnllnentsl in enhancin8 financial oversight and stewardqhip within the organisation. In January of this yw. we were delighted lo wel¢ome so many Support and local community members at ow first in*eTson Annual Genernj Meeting (AGM) since the onset of th¢ C0Vll19 peMiC. Their participation added inenSe value to the event. creating a sIrd sense of commitment to ow cause. The trustees and I would like io extend our to all the staff, volunteers, suprn and donor5 who have contnbuted to the success of Young People First. Their dl¢atiOn, hard wort and 8enerosity have been instrumental in achieving the charitys mission to make a positive differen in the lives of young pwple in need.
YOUNG PEOPLE FIR%f (MIDLANDS) REPORT OFTHETRUSTEES for the year ended 31 March 2024 Objettives ADd alms ur Chants l) To help young people in the Worwickshire, Coventy And so11hl to d¢velop their physical and mental capacities so that they may grow to fvll mativity As caring individuals and jwonsible members of so¢i¢ty' 2) Th¢ provision or asststance in the provision of a¢tivities And facilities for recreation and leisure time occupation and of infonnation con¢erning training recreati[ health and independent living with the Obit of improving the quality of life of young people in the orea of benefjL We put young peopl¢ fiTsL Always. We put young people first. We improve lives by buildin8 positive relationships with young people living with disadvantage, their families and their community. W01ng in partsKrships in 8¢hools, on the stre¢ts gnd with families to enable every young pernon overLY)n ¢hallenBes and be the be8t version of th¢m8¢lves. Young Person Centred; Profes8ion81; P088ionate; Consistent; Inclusive. Hone8L Page 3
YOUNG PEOPLE FIRST (MIDLANDS) REPORTOF THETRUSTELS for tbe year ended 31 Martb 2024 Slgnificant aedvffili As an organisation, we s¢¢ disadvantsg¢ as far ater than economic. BBC Childrni in need define disthantage 09: lllnes4 distress, abwe or neglect; any kind of disability. behavioural or pwhological difficulties; living in poverty or situations of dq)rivatioTh We believe that this is a rninimum definition and that disadvantag¢ is hidden. comple interconnect¢4 and at times syst¢mic and institutional. Our work is crnciai in addressing the Significant disadvantages afftetin8 young people and their familics in Bnlltswick War4 Leamington Sp4 (me of the rnosl deprived ar nationally. This ward includes five L¥Jwer L£vel Super Output Arw (LSOAS). ranking in the top 3(P/o for national deprivatson. The disadvantsges Itrnit young peopl¢'s access to supm increas¢ school disengagernent (with 130/0 of our youth club attendees excluded compared to the national avern8e of 0.08/0). expose them to negative influeD¢¢S and ¥Yim< and restrict re¢ational and dcvelopmentsl opporthties. Violent crim¢ is a major concern, with one 8r¢a where we work ranking in the top 2/¢ for youth violent offences in Warwickshire. Parents worry about county lines a¢tivity and related violence, alongside the lack of affordable positive activities highlighting the need for our work- fw free supwL saf¢ 8paces and tru8tl adults. Youtb Club Ow Outtrach Team ensages with yowig pwle through ¢ornmun1ty.focus youth wo, including our well known YouthY (youth club). 'Youty ha8 offered a ran8¢ of 8e&8ion8 all year-round (only breaking for two weeks over ChTislmas). These sessions provide a safe space, access to safe tTUSted adult4 a hot m1 and fre4 positive activitie4 helping mitiwe risks a&wciated with county lines violenLY. anti-sociol behaviour, and exploitslion. Scbool$ Work Our Schools Team has collaborated with lo¢aJ primary and 8e¢ondary h0O]S to 8uppM young people who 8tTU88le within the ¢ducAtional model. By dev¢lopin8 slmng relationships with two primary and three secondary schools, founded on our longstsnding C4)mmitrnent to mentorin8 Pm8rams within the schools, over this year fiDm October onwards we have begun to provtde trauma.infonned youth WO support from a slaff tearn basal within the xhools. Our team f(¢$ on developing young people's soci04motional skills, which are ¢rucial for achieving positive life outcomes lik¢ qualifications and employmeni as well as greater engagement in edurAtion. Using a trauma-infornied gpproach, we work with young people through sml-groUp sessions and I: I menlorin& alongside providin8 a safe space with safe (non-teaching staffj adults should young people be 8tsug8linW dy8regulated. In one school. sin¢e Youn8 Peopk FiT5t have be¢n ba8ed therq the number of suspen8ion8 reduced by over 700h. Deta¢hed Youlb Work Regvjor dets¢hed youth work has also startd this year. njainly in collaboration with Warwick District Council - ensuring we are workin8 in the areas which are most in need Youth WOTkers are present in areas where young people choose to spend their tirne, and this street-based apprwh, has helped reduc¢ their risk and ltiernbijlty by providing critic support where young people are without any expectation for them to go to an unknown space. Hollday Provl8lon We have Continu to offer Family Thursday's during the holiday4 which enables families (who may be on Fre¢ School Meals during tem) time) AeSS to a safe SP•Ce• positive activities and good quality food every week We have worked with various local busin¢sses who have provid1 volunteers lo help save th¢ yowig people and their famili¢s over these Session Famlty Work Ow Families team has been suppothg the wider households of young people as they fa¢e multiple ¢hallenge8 offering timely interventions to prevent or reduce situations that might othenvis¢ ethte. We provide regular ¢offee momings for parents to meet for Social interaction and support from our qualified workers or peers who have faced similar ¢hallen8e4 creating a network of support even when our staff are not available. Our skilled team passionately nintaInS a non.jud8emental approach and addr¢sses issues like housing, food 1Verty, School aPPlS, and signposting to specialist services. Often. we have foun¢ thal a simple chat and a cup of tea provide crucial reassurance for overelM¢d families. Our work is xclaimed by many aEen¢ies that struggle to ¢ngage with the families we engage with and suppor¢ and many of our families have greatly b¢nefited from their services becall of our relationship and supporL Page 4
YOUNG PEOPLE FIRsf(MIDLANDS) REPORT OF THE TRUSTEES for the year ended 31 Mareb 2024 OWEcfivES AND AcfMTIES Outcomes We focus our resources to achieve the following outcomes for young p¢ople and their families - the quotes are direct from young ppIe we work with: Improved Confidence: °ainJbing th¢ tall trees on residgntiaj made me feel better about myself, as I achieved somethin8 1 wos too nervous to ss to New Ewiences: 'Residential gave me the opportunity to ty something new. it gave me the confidence to be away from Imime.. Increed Knowledge: 'Y¢)uthy has helped m¢ to recognise who not to b¢ friends with." Enhanced Comrnuni¢a¢ion Skills: 'Youthy has given me a best friend.. Better Physical and Mentsl Wellbeing: "Th¢ stsff are lovely. so l know if l come here l Can talk about anythti)g to thern." DeVelod Strategies to Overcorne Challenges: outhy encouraged me lo revise by VIng pwle to help me." Appropriate Saf¢8uarding. Improving these outC4)rn¢s will lead to better emotional managemen( engagement in edurAtion, and positive lat¢r life out¢om¢s, such as obtaining qualifi¢ation4 sustaining ¢mploymenL and nuintaining healthy relationshi which in turn con th¢n reduce broader societsl pre8SUTe& including preventin8 ex¢lusion4 redu¢e41 healthcare costs and crirninaj justiL% costs. Young peoplds sclf-assessment of their interaction8 with our WO show8..... 660/0 felt their ¢onfidence had grown. 88% had benefited fTh)m new experien8. 660/0 felt they had made better ¢hoice8. 560/9 express1 that support from youth workers Iwl helped them to overwme a problem. 8VA reprted that being active and having youth wolkers to talk to had improved their mental health. Over th¢ year, we worked with 368 young people, achieving 2,984 contacts across all projects. Example8 include 66 youn8 pwI¢ 8UPPOrted through one-on-one mentoring and 143 attendin8 'Youthy' (Youth Club) 8essions. Safeguardlng As an organisation wishing young people to be the best Ye10n of th¢rnselves; enquring they do not suffer harni is paramount and the organisation responds appropriately to all safeguardiD8 concern The organisation's robll and annually reviewed safeguarding policy underpins all of our WO and our two highly exp¢ri¢nced Designaled Safe8wding Leads cnsure a c4)nstanl and consistent level of expertise to resolve any concern. For our youth workers to be complian( capable and confident in their safeguarding responsibilities the organisation promotes a positive saftguarding cultuR. encourwg anyone to share concerns about a youn8 per80n with the knowledge these ¢on¢ems will be listen to and responded lo in an empathetic and professiond manner. During the year the tn rais¢d 26 SafeguIng concerns which wer¢ diverse in their nattire and complexity and included con¢¢rns of negleet and abuse. Each ¢on¢ern had the potentid for a young p¢tson to suffer harn but our pertinent observation4 recnrding and reporting ensured young peopl¢ were protthl from any harni and could Continue unimpeded on their journ¢y to become the best version of themselves. Thank yous and Acknowledgements you to the following t giving organizations.. A H Lynall Foundation: Alan Edward Higgs: Albert Hunt TTr: Baron Davenports Charity. Brian Murtsth Charithble Tnjst; C A Rookes Charitable Tnt. Dumbreck Charity: Ed8ar E Lawley Foundation" Edith and Jack Griffiths Charitsble Tn. Edward and Dorothy Cadbury Trust; Gosling Foundation Limitt4" Grace TnisL' Lillie John50n Charitable TTusL' Naliona] Lottery Cost of Living; PCC: Richard Cadbury Charitabl¢ Tn(. St Petefs Aid for the Needy: WPH Charitable Tn1. Youth Work Fund Small Grants. Page 5
YOUNG PEOPLE FIRST (MIDLANDS) REPORT OF THE TRusfEKS for the year ended 31 March 2024 Spxial thanks to the National Lthry Reaching Communities fund as we are in year two of a five y¢ar grant. Cbalr'8 Update It's my pleasure to ttflect on the past year Young People First (YPF) and share the strides we've made, the challenges we've and our exciting plans rnovin8 forword. Our vision r¢mains simple yet bold: No Young Person Limited by Disadvantage. Refieethig on the Put Year The past y¢ar has been o period of transfomwtion for YPF. Wee seen suC¢em in key area& such a8 our mentoring propns and new initiativas like the Employability Projxt with MorTiSI. This proje¢ which provided invaluable guidance on job applications and interview techniques. empowered young participants to envision new ¢aTeer paths. with one ¢ven discovering a job aspiration that has inspired conlinued ¢ollaboTation with Morri80n& Our core work remaiTh8 centMI rnd open-a¢cess youth club4 mentorin& and fthiily supm but we've also tthn steps into new areas such as cornmunity cafés and primftry School work. However. with this yowth, we have en¢ountered si8nifi¢ant challen8ewrirnaTily related to Capacity, role ¢1oTity, and staff w¢llbein8. Th¢ ¢losure of projects like Car¢-L£aver8 and sho Minds meant a 3hift in focu& but also a sty88le to m8na8¢ rcsources effectively. The strain on rnonag¢ment and youth workers alike has b¢¢n evidenL with overlapping responsibilities and high delivery expectstions contnl¥uting to burnouL We've found that our incttdible team. while commit4 has been strthed thiL The complexity of managing ov¢r 100 hours of youth work per weeL in addition to C4)verin8 si¢kne4s and absence, hos tested our limits. ChAlleDges and ChADgog A recurring theme thmu8hout the year has been a la¢k of rol¢ clarity, especially wnong management and youth work¢rn. Mana8erd. like Kierw Katrin4 and Jayne, have ju88led multiple role5, leading to ¢onfitsion over leadership r¢8ponsibilities. Youth worker& too, have been asked to cover ar¢As outside th¢ir ¢xperti8e, which has resulted in ththtion aTrJ impacted the qufylity of delivay. We al80 fad difficult decisions around the continuation of catiin projec1& For example. our Lunchtime Clubs and Senior Youth Club (1&18 Year]d$} were discontinued due to knv en8a8ement. While these closur¢8 were necessary, they serve as a rcminder of the importance of adaptsbility in ow approach. We need to emure that ow pro ali8n with the real nOS of young people in the community. WhAt'8 Worked Well Despite these challeng, the numcrous bright swts. Our Community Café has seen impressiv¢ growth. What stsrted as a space for parents to ¢onnect has evolved into a larger community hub. While th¢ café has expanded beyond its original purpose-now calering to older community members-we continu¢ to provide essential support to parents of the youn8 pP1¢ we work with. Howevff, we remlS¢ the need to refocus this space on youn8 people and their familie4 ensurin8 It iligns more closely with our Core mission. Mentoring has remain a cornerstone of our impac( with group and one-onwone sessions Seeing significant dern•nd. This year. ow mentorin8 expandcd into Primary schools. helping vulnerable young people with essential life skills such As online safety and transitioning to 8econdary 8¢hool. The feedback has been Oveh¢1M1n8jy positive. and we're looknng to grow this offerinB fillther. Our flagship youth club. Youthy. continues to be a ¢ritica] s1(¥ for youfig people aged 11-16. With over 30 attendee8 per Se&810 Youthy provides a safe and enrAchin8 environrnl where young ppIe can unwin4 pArti¢ipate in a¢tivities, and enjoy a meal. However, it's clear we need to reinvigorate this program. Som¢ staff members have expressed ¢oncerns Abo managing challenging behaviour. and at tim¢s it has felt more like crowd Control than genui youth work. A renewed fuS on staff training and enga8¢ment will be a priority for the comtng year. LA)oking Ahead As we move forwar4 we are ¢ommitted to addre&8ing the internal ¢Ilenge8 that hav¢ surfaced this y¢ar. Kry priorities include: Page 6
YOUNG PEOPLE FIRST (MIDLANDS) REPORT OFTHE TRUSTEES for the year ended 31 March 2024 - Improving role clarity and staff w¢llb¢ing: Ensuring each member of our tcarn Wmlerthds their respoNibiliti¢s and has the support they need is essential. This will reduce burnout and improve the quality of our program& - Focusing on impacffiil delivery: We will tske a closer look at the effectivenes$ and costs associated with our cunmt seryices. By refining our approach, we can ensure that every hour and every penny is used to its lIest tential. - Refocusing the Community Café: The café will return to its roo prioritisin8 th¢ families of young p¢ople, whtle also ¢nsuring our staff are properly trained in safeBuardin& - Reinvigorating Youthy: We will provide additional training for our youth wotl(en to help them manage the ¢hallenges of open-acc¢s$ youth work and r¢igThite theirp8$5ion for the work. . Expanding mentoring opportunitie$." With Ing deman4 we will seek new ways to extend both oneonwone and 8ro4) rnentori espeeidly in primary 8¢hools where we See significant impa¢L Additiomlly, v4hile we ¢ontinue to secure funding from ]mt partners like Reaching Communiti4 we are feeling th¢ growing pSSU on our reserves. If not addresse4 this couId make it increasingly difficult for YPF to sustain operations in the fvture. Ensurin8 ow financial stsbility wtll be criti¢al as we move foard especially as face risin8 Gratltude and Hope None of our pr08Te would be possible without the supwt of our fiders, including the Nalional ttery and the Police Crime Con]mi&%iimer, as well as invaluable pother8hip8 with local bwinesses like Morrison8. A special thank8 to our volunteers and Staff. whose unwawing dedi¢ation to Youn8 Pwle First has been the bedrock of our effort& lAking ahea4 l am optimistic that with a renewed focus on clarity. balance. and imprt we will continue to aj an organisation and deepen our support for the young people and families who need us mosL Togdher, we can buikl a fulure Whe no young person is limite41 by di88dvantage. ThAnk you to our donot4 wporteTS. volunteer8 and employeeg for their Continued 8UPPOrt and belief in our mission. Best Wi8he8, Dnien Reynolds BEM Chair of Truste¢8 STRUCTURE, GOVERNANCE AND MANAGEMENr Governlng document The Charity is ¢ontroll¢d by its governing documen¢ a deed of trus( and constttutes a limited wmpany, limited by guarantee, as defined by the Companie5 Act 2006. We were fornied as a Charity in March 1954. Originally known as WaThry¢kshire Association of Youth Club8, we thon8ed our nam¢ to Young People First (Midlands) in June 2017. Fmn l April 1997 we were inCo[t as a Company limited by guarantee (no 3201917) and we ar¢ govemed by its Memorandum •nd Articles of Association dated 21 May 1996.we are registered with the Charity Commissi(m as a charity (no 1056035). Organisations or individuals over 16 can apply to ben a rnemb of the Charity by applying in the fom) wuired by the Trustees who will Consider their appli¢atio Page 7
YOUNG PEOPLE FIRST IMIDLANDS) REPORT OF THETRusfEES for the year ended 31 Mareh 2024 srRucfuRE, GOVERNANCE AND MANACEMENr Pre8ldeDts QDd Vlee Prfsldents Pre5ident- Tim Co& Lord Lieutenant of Wanvickshire. Vice Presidents - Robert AIdent0 The Lady Butt¢rwortN Mervyn Kimberl¢y, Tony PaTSOTh8. we$5 The Hon. Mrs Wheel¢r Bennett and Mrs B.E. Winstanl¢y MBE, DL. Board of Th18tees We have actively enraged young people under the age of 25 to become trust¢¢8 and 14Yo of our Board are young people eleckd b¢fore their 25th birthday and w¢ aim to increa8e this. The directors of the ¢horitsble company (the charity) are its Trustees for th¢ purpos¢ of ¢haritable law and throughout this report are ¢olk¢tively referred to As the The trustees, who are also the directors for th¢ putpose of ¢ompany law, and who served during the year and up to the date of St of the fmanci41 statements were: Ms S l Howe (Chair) (Resi8ned 25 Jun¢ 2024) Mr P Street MrMRHill Ms A M Bishop MsAAKB&88 Mr J M Isherwood MT D S Reynolds (Res]ed 16 January 2024) (Rjgned 15 August 2023) (Appointed l November 2023) (Appointed 8 May 2024) (App)inled l November 2023) The triiste¢s have paid due r¢gard to 8uidan¢e issued by the Charity Cornmission in deciding what activities the ¢hwity should undertake. Publlc BeDeflt The Trustees mplIed with their duty to have due regard to th¢ Charity Commission's public benefit guidance (set out in 8e¢tion 40 of the Charities (Accounts and Reports) Regulations 2008) in deciding what activities the charity should dertake. The trustees LM)nsider that the chaTitys activities reflect our aims and objectiv&% and that they are des]d to provide a¢rxssible services and a¢tivities that benefit the appropriate tOr of the publi¢ in a¢eord8nce with our ¢haTitable activities. Public benefit is dernonstr through: - Young people up to the age of 25 in Warwickshire. Coventy and Solihull are able to access age appropriate a¢tivities. recreatio support and training that builds s¢lf-confidence, reinf$ inclusion within social netwo$ and promotes opJx)rluniti¢s to enga8e in non.fonnal education. - Youn8 peopk 8r¢ personally empowered as individuals and group8 so that th¢y actively engage in And wntribute to the planning pnKess and fvture direction of the Charity and its activiti¢5. - Providing an alternative Ind productive means of self4kvelopment for hith¢rto ali¢nate(L marginalis¢d or disaffected young people therefore reducing the risk of them betng drawn into anti30cial and criminal behaviour or experience of social exclusiott. - Inspiring young people by involving them in imaginative youth WO initiatives delivered by qualifi youth workers who present os positive adult role models. - Providing quality services to affiliated youth organisations and associate meml)ers by giving thern aS to worker siippor¢ trainin& prnetiC resources and youth activity progrrn¢s therefore enabling th¢m to deliver high qUlty
YOUNG PEOPLE FIRST (MIDLANDS) REPORT OF THE TRUSTEES for the year ended 31 March 2024 STRucfuRE. GOVERNANCE AND MANAGEMENT Hclping lo develop positive ideas within young people around the con¢¢pt of belonging to pcer groups. community involvement and Citizenship via the delivery of progrdmmes based upon team building, care for others. creativity and increased self-csteem. Assisting in the appropriate preparation of young people for further education so increasing their pot¢nlial to become responsible, usefully employed and productive m¢mbers of society. ,1,.12*....... Approved by order of thc board of trustees on .....,,..... . and signcd on its b¢half by: rusl¢e Page 9
INDEPENDE EXAMINERIS REPORT TO THE TRUSTELS OF YOUNG PEOPLE FIRST (MIDLANDS) Independent examlner's report to the trustees of YounE People First (MldlAnds) ('the CompADy I report to the ¢h8rity trleeS on my exarnimtion of the acmts of the Compony for the year ended 31 Mar¢h 2024. R¥poDslbllltleJ and bts of report As the charitys Inistees of the Company (and also its directors for the puryosu of company law) you are rwnsible for the preparation of the actounts in acrdanCe with the requirements of the Companies Act 2006 Cthe 2006 ACV). Having 1Sfied myself that the accounts of the Company are not required to be audited Part 16 of the 2006 Act and are ¢ligible for independent eJ¢amination, I report in Tespeet of my examination of your charitys accounts as crIed out under Section 145 of the Charities Act 2011 Cthe 20] l Acff). ID wrying out my examination I Ikqve followed the Direetions given by the Charity Commi88ton under Section 145(5) Ib) of the 2011 Act. Independent ex4mlneT'i •tatement Since yow charitys gmss income exceeded £250.000 your examiner must be a rnember of a lis bfyly. I can confim) that I am qualified to undert&e the examination because l am a member of the Institute of Chartered Acc4)untants in England and Wal¢& 1¢h is one of the li#ed bodies. I have complet¢d my examition. l mfim1 that no matters have come to my ittention in wnnection with the examination 8ivin8 me cause to believ¢: 8ccounting records were not kept in respxt of the Company as required by Seclion 386 of the 2006 Ad; or th¢ allnts do not ac¢ord with those reeorfs; or the accounts do not comply with the atIng requirements of Section 396 of the 2006 Act other than any requijrmmt that the a¢¢ounts give a true and fair view which is not a matter c4)n8idered as part of an 1ndvdt examination. or the accounts have not been prepattd in accordance with the methods and PTinciples of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their 8¢ts in A¢¢ordance WAth th¢ Financial Reporting Standard appli¢Able in the UK and R¢public of IrelAnd (FRS 102)). I have no Conce and have come acro&q no other matters in )leCtIon with the examination to which altention Should Ix drawn in this report in order to enable a proper wthtanding of the aceowAts to be reached. Gregg Olner MPhil BA onS} FCA H8rri8on Beale & Owen Limited Highdown House I l Hishdown Road Lumington Spa Warwickshitr CV31 IXT Page 10
YOUNG PEOPLE TrIRsf (MIDLANDS) srATEMENT OF FINANCIAL AcnvfTIES IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 Mareh 2024 2024 Total fund8 2023 Total Ui)r¢stricted R1¢to1 Notes II¥COME AND ENDOWMENTS FROM Donations and legacies 37,085 3,000 41085 11.587 Charltable acdvhle8 Supporting Young People 9,639 24758 268J97 179,463 Other trhding activities Investment income 14406 7315 14406 7314 16.864 1268 (i) Totsl 261.757 330,102 209.182 EXPENDITURE ON Raising fid$ 1,079 1,079 522 Charltsble aetlvld Supporting Youn8 People 267A91 153,693 421284 357.441 268,670 153.693 421363 357,963 N¢t 8ain8 on investments U72 V72 1.914 NET INCOMEJ(EXPENDITURE) (195,853) 10&064 (87,789) (146.867) RECOIYCILIATION OF FUNDS Total funds brought forward $82281 141J75 870.723 TOTAL FUNDS CARRIED FORWARD 3W28 249,639 636,067 723.856 CONTINUING OPERATIONS All income and ¢xpenditure h8s aTisen from continuing activitie& The statement of financial activities includes all gains and losses re¢ognised in the year. The statement of financial aclivities also cL+mplies with the requiren*nts for an income and exp¢nditur¢ account under the Conyanies Act 2006. The notes forn) part ofthese fJnan¢ial Staternts Pagell
YOUNG PEOPLE FIRST (MIDLANDS) BALANCE SHE 31 Mar¢b 2024 2024 Total nd8 2023 Totsl UnrestTiCted Restrict&l Notes FIXED ASSETS Ton1)]¢ assets Investments 14 15 32&820 32V20 352,066 187,115 32&820 32&820 539.181 CURRE ASSETS Debtors Cash ai bank 16 23J40 47,095 23J40 29&734 8,054 183.121 249.639 70835 249,639 320,074 191,175 CREDITORS Amounts falling due within one year 17 (12027) (IU27) (6,500) NET CURREiYf ASSETS 57,608 249h39 307347 184.675 TOTAL ASSETS LLSS CURRE LIABILrnES 381428 249,639 634067 723.856 NET ASSETS 381428 249,639 634067 723.856 FUNDS Unrestricted fimds Restricted fimds 18 386,428 249.639 582,281 141,575 TOTAL FUNDS 636,067 723.856 The clwitable Company 18 titled to ¢xemption from audit under Section 477 of the Cryies Act 2006 for the year ended 31 Mar¢h 2024. The rnemberd have not required the Company to obtain an audit of its financial ststem¢nts for the year ended 31 March 2024 in accordan¢¢ with Section 476 of the Companies Act 2006. The tiiiste¢s acknOwl£e their responsibilities for (a) ensurins that the charitsbl¢ ¢ornpgny keeps accounting TOrdS that Comply with Sxtion8 386 and 387 of the CompAnies Act 2006 and Ib) preptiring financial statemrnts which give a true and fair view of the state of affairs of the charilable company 8$ at the end of each financial year and of its 3urplu$ or deficit for each financial year in accordanee with the requirements of Seetions 394 and 395 and which otherwise Comply with the reqUireMts of the Companies Acl 2006 relating to financial ststements, so far as applicable to th¢ charitable ¢ompany. The notes forni part of these fmancial statements Page 12 continued..
YOUNG PEOPLE FIRST (MIDLANDS) BALANCE SHEET- continued 31 March 2024 These financial statements havc been prepared in accordance with the provisions applicable to Charitable companies subjecl to the small companies regirne. anci stalemcnts wcre approved by the Board of Trustees and authorised for issue . and were signed on its behalf by: on D S Rcynolds - Trustce The notes fom] part of these financial statements Page 13
YOUNG PEOPLE FIRsf IMIDLANDS) NOTES TO THE FINANCIAL STATEMENrs for the year ended 31 Marcb 2024 Young People Firat (Midlands) is a private ¢ompany limited by gurntee incorporated in gland and W81¢& The re8iSter¢d office is Jubilee House, Westle4 Roa4 Lamington Sp4 WaThvickshire, CV313JE. ACCOUNllNG POLICIES Ba818 of preparlng the Ilnandal statements The finan¢ial statements of the Charitable company. which is a public b¢nefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'A¢¢ounling and Reporting by Charities: Ststem¢nt of Recommended Practice applicable to cbarities pryaring their accounts in accordanLY with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reportin8 Standard 102 Yhe Financial Reporting st applicabl¢ in the UK and Republic of Ireland, and th¢ Companies Act 2006. The financi statements have b¢en prepared under the historical cost ¢Ventio with the ¢xception of investsnents whi¢h Ar¢ included at rnarket value, as modified by the revaluation of certain Issets. Golng eontern At the lime of appn)ving the financial 8ta*ments, the Inthees have a reasonable expectalyon thAt th¢ charity h adequate resour8 to nttnlle in operational existence for the foreseeable future. Thu8 the trustees CA)ntinue to adopt the going concern basis of accountin8 in prepAring the finan¢ial 8tatanen Crld¢al Accounthig Judgements and key Mmreeg of ertlmatlon uncertAlnty In the application of the charitys a¢¢ountin8 policies, th¢ trustees are rwyred to mak¢ judgement4 estinwtes and assumptions about the caTryin8 amount of wets and liabilities that are not r¢adily apparent fiThn other sources. The estimate8 and associated assumptions ar¢ based on hislorical experien¢¢ and Oth factors that are 18idered to be relevant. Actual ttsults may differ from these estimates, The estimates and underlying assumptions are reviewed on on ongoing basis. Revisions to accounting estimates 8r¢ reco8nised in the period in which the estimate is revised where the revision affexts onty that perio or in the period of the tevision and future periods where the revision affects both Currenl and fvture periodg. No signifiwit judgements have had to be mode by the trustees in preparin8 these fin0141 8taternenl8. ID¢ome All income is recognised in the Statement of Financial Activities once the tharity has entitlement to the it is probable that the in¢ome will be r¢¢¢ived and the amount ean b¢ measured r¢liably. Cash donations are reco18 on rruipL Other donations are recognised onL% the ¢hAfity has been notified of the dottatio unless perfornwKe LY)ndition8 require defenal of the amount. Income t&x TeVernb1e in relation lo donations re¢eived under Gift Aid or deeds of covenant is re¢ognised at the time of the donation. L4acies are recognijed on receipt or othenvise if the charity h&8 been notifi¢d of an impending distributio the amount is kn(wi. and receipt 18 expecte(L If the amount is not know the legacy is treat a conting¢nt asset. Grnnts towards revenue expenditure a released to the profit and loss aoUnt as the related expenditure is InvrEd. Grants of a capital nature are attributed to th¢ relevant ¢apital item to which the grant 1$ in speCt of and amortised over the remaining use] life of the 9&8¢t concemed. Expendlture Liabiliti¢s are [Sed as expenditure as soon as the 1$ a legal or constructive obligation conurrittin8 the charity to that expenditur4 it is probable that a transfer of onoMiC benefits will b¢ required in settlement and the am(llmt of the obligation ¢an be rneasural rellably. ExndItuTe is #CnIcd for on an nlS 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 LX)nsistent with the use of Page 14
YOUNG PEOPLE FIRsf (MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS. contlnued for the year ended 31 March 2024 ACCOUNTING POLICIES- eontlDued Expendlthre Costs of raising fimds comprise the costs associated with attracting voluntary ineom¢ and the ¢osts of tradin8 for fundraising purp and th¢ ¢ost of stsff involved in the raising of fid5 and their &w)ciated support costs. Exdi1re on clwitable activities includes the costs iTred by the charity in the d¢liv¢ry of its activities And services for its beneficiaries aNI their as80ciated support costs. Irr#overable VAT 18 ¢har8ed as a cost against the activity for which the eXpdI1Ur¢ was inwred. Siipport costs relate to expenditur¢ that has bn incurred on fimdionB that assist the work of the charity but do not d1CtlY r¢lat¢ to charitsble activitie8. Tanglbk fixed aM¢ts Tangible fixed 0s8ets costin8 £1,000 or more are ¢apitalised and initially measured at 81 and subsequentty m¢aswed at cost or valuatioffj net of d¢WlatiOn and any impaim?ent10&8e8. Depre¢iation is reco8nised so a8 to vnite off the cost or valuation of the assets le88 their residual value8 over their seful lives on the follinving bases: Leasehold IAnd Leasehold Buildin88 Over the terni of the lease Over the 8hort¢r of 50 yearB or the I¢e tsnn Over the terni of the 10 year lleenee to occupy tbe land unlll 29 May 2024 Over S year# (200/0 SL) Over 4 yean (250/0 SL) Over 3 yean (330/0 SL) Refiwbishmeni of Court Motor Vehicles Furnitiwe and 1pment Furniture and Equipment Th¢ gain or loss •risin8 on the disposal of an assel 18 detsmiined as th¢ difference betw¢¢n the 8Vdle proceeds and the carryin8 value of the asseL and 1$ recolS¢d in net ina)md(¢xpenditure) for the y¢Ar. Impalrnient of fixed agiets At cach reporting date the charity reviews the caryin8 amounts of its assets to detemiine whether there is any indication that Ihose assets are included in the financial statements at an amount in exce$$ of either the expected sale proceeds or the value to the charity obtainable through tUre use (the recoverable anwunt). If An &8s¢t is held on the balan£% sheet at an amount 8reatrr the recov¢rable amount then an impairnxnl loss 1$ recognised in the SOFA to th the asset value. Taxadon The charity 18 exempt from corporation tsx on its charitable activities. Fund accounting Unrcstricted funds Can be used in accordance with the charitable obje¢tives at the di8¢retion of the thLes. Designated fimds Lmpris¢ fimds which have been set aside at the discretion of the trustees for specific Pllrp). Restricted fimds can only be used for particular restricted PUTposes wilbin the objects of the charity. Restri¢tions arise when specified by the donor or when fimds are raised for paTITcular restricted puOse& Furthcr explanation ofthe nature and puw of each fimd is included in the notes to thc financial ststements. Forelgn eurrencieB Assets and liabilities in foreign ¢urrwKies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in forei cutren¢ies are translated into sterling at the rate of exchange rnling at the date of transaction. Exchange differen¢es are tsken into account in arriving at the oPeiDg resulL Page 15 continued..
YOUNG PEOPLE FIRST IMIDLANDS) NOTES TO THE FINANCIAL STATEMENTS- eondnued ror the year ended 31 Mydreb 2024 ACCOUNflNG POLICIFS- eondnu¢d P¢Dslon eosts and other po8t.retlremeDt beDefits The ¢haritsble company operates a defined contribution pension scheme. Contributions payable to the chwitable companys pension scheme are charged to the Statement of Financial Activities in the period to which they Telate. The charity Initi]Y Contnutcs 3¥0 and mat¢h¢s ¢mployee rA)ntributions up to 80A of salary into th¢ defined conlribution schern¢. ianelal Instruments The charity has elected to apply the provisions of Se¢tion I I 'Basi¢ Financial Istruty, and section 12 Dther Financial Instsiiments, of FRS 102 to all of its financial instrum¢nts. Financial instruments are r¢¢wised in the ¢harity'$ balan sheet when the charity bee$ party to the ontractual provisions of the instnllnent. Financial assets and liabilities are offseL with the net amounts presen*d in the financial ststements. where there is a legally enforceable risht to set off the recognised amounts and there is an intention to Settle on a net basis or to realise the asset ond settle the liability simultan¢owly. Ble Ilnandal a89ets Basic finan¢ial assets. which include debtors and cash ond bank balan¢e$, are initially measured a t transaction priLx includin8 trRnsaction ¢o$ts and are Subsequently ¢aTTied at amortised cost usin8 the effective interest method unlegs the arrangement constitutes a financing transadion, where the trlnsaction is measuttd at the present value of tre receipts discounted at a market rate of interesL Financial 188ets classified ye1vIb]e within one y¢Ar are not amortised B1¢ IlnanelAI llabllltl Basic financial liabilitie4 including ¢reditor8 and bank lo8 are initially ff¢018ed at transadion price unless the anxngement constitutes a fmancin8 trnnsaction. where the debt instrument is measured at the present valu¢ of th¢ future paym¢nts dis¢ountal at a moTk¢t rate of interesL Financial liAbilitie8 ¢lassified as payable within one year ore not amortised. Debt instruments are subsequently ¢arried at amortised cosL Ing the effective interest rate method DereeogDItIoD of Ilnanelal Ilabllltles Financial liabilities Are deztcognised when the charity8 Ci)ntractua] obligations expire or are discharged or ¢an¢¢lled DONATIONS AND LEGACIES 2024 Totsl fundi 2023 Total UnrestrACt¢d Restricted Donatio 37.08$ 3,000 40,085 11.587 Page 16
YOUNC PEOPLE FIRST (MIDLANI)S) IYOTES TO THE FINANCIAL STATEMENTS- Continued for the year ended 31 Mareh 2024 OTHER TRADING ACTIVITIES 2024 2023 Total nds Fundrnising events R¢nt received 3221 13.643 11000 11,000 1<406 IU06 16.864 INvEsfm I]YCOME 2024 Totsl fund8 2023 Totsl Uiirestrictsl Restricted funds Interest receivable Dividends re¢eivable 7315 (i) 7314 1,168 loo 7315 (i) 7J14 1,268 INCOME FROM CHARITABLE AcfiviTIL8 2024 2023 Adivity Supporting Youn8 People Supportin8 Youn8 People Supporting Youn8 People Youth Work Communities & Groups Mentoring & Schools 9.639 31,500 83,011 64,952 202258 268J97 179.463 RAISIIYG FUNDS Rgtslng donatloni #Dd leggel¢8 2024 2023 Total Unrestricted RIcted fuDd# Fundrnising 5t3 1.079 522 Pag¢ 17
YOUNG PEOPLE FIRsf (MIDLANDS) NOTLS TO THE FINANCIAL STATEMENTS- eonthiued for the year ended 3] Mar¢h 2024 DAt ¢osts (see note 9) Totals Suppoiting Youn8 People 222,922 19&362 421284 SUPPORT COSTS Management Finance To$ Supporting Young People 183.676 324 14J62 198J62 Swjport costs. i[ude4 in the alw)ve, are as follows: MADagement 2024 Supportin8 Young People 2023 Total activiti IOOJ19 9350 5.016 2,929 86.075 7,649 3,649 2,875 So¢ial lty Pensions Insuranrx L li Light and heat Telephone & internet Postage and stationery Sunthies Stsff training IT & ¢omputer sts Repairs and renw41$ Motor runnin8 costs Depttciation of tangible and heritsge a88¢ts 192 4797 1.701 3,679 4560 8282 17,198 iJ54 17J99 7,165 IJ07 931 17,978 lJ33 IQ966 183.676 16Q750 Fln8nce 2024 Supporting Young People 2023 Total activities Bank charges Exchange rate variance 324 275 (646) 324 (371) Pa8¢ 18 ¢ontinue&..
YOUNG PEOPLE FIRST (MIDLANDS) NOTES TO THE FINANCIAL sfATEMENTS- Continued for the year ended 31 March 2024 SUPPORT COM- contlnued Covernance costs 2024 Supporting Young People 2023 Totsl activities Independent ¢xamin&s remuneration Legal and professional A¢¢ountancy fees 3JOO 9,422 1,640 $649 14J62 13.995 10. NET INCOMKI(EXPENDITURE) Net incomd(¢xp¢nditure) is stated after ¢harg1nW(¢di1Ing). 2024 2023 Depreciation . owned assets 24980 24,547 TRUSTELS, REMUNERATION AND BENEFrrs The charity thtee9 were not patd nor received any other ben¢fits frorn employrn¢nt with the charity (2023 - £nil) neither were they reimbursed expenses during the year (2023 - £nil). No charlty r¢¢¢ived paynent for professional or other Services supplied to the charity (2023 - £nil). Trn8tee8' expenKI Th¢re were no lJustees' expenses paid for the yeor ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 12. 2024 2023 Wages and salaries Social security costs Other pension rA)8ts 261,783 IS.937 11,981 212,243 11,478 8.564 289,701 232285 The charity considers its key management personnel to be the trustw the Chief Officer. the Deputy Thief Officer. and the Finan¢¢ Officer. The totsl employment befits including employer pensi(m contributions of the key management pernonnel was £105,685 (2023 - £90,994). The averag¢ monthly number of crnployees dwin8 the year was as follows: 2024 14 2023 13 No ernployees rettived emoluments in excess of £60.000. Page 19 ntinu¢d..
YOUNG PEOPLE FIRST (MIDLANDS) NOTES TO THE FINANCIAL sfATEMENTS- continu1 for the year ended 31 Marth 2024 13. COMPARATIVES FOR THE STATEMENTOF FINANCIALAcrivrriES Unrestricted Restricted Total INCOME AND ENDOWMETh FROM Donations and legacies 11,587 11.587 Charitable aelivlti Supwting Youn8 People 31.500 147.963 179.463 Other tixdin8 activities Investrn¢nt incorne 15,146 1266 1.718 16.864 1268 Totsl 59,499 149,683 209,182 EXPENDuRE ON Raising fid$ 422 Cbgrltable aetlvltl Supporting Young People 227,609 129,832 357,441 Totsl 228,031 129.932 357,963 Net gains on inv¢81ments 1,914 1,914 NET INCOMEIIEXPENDITURE) Tr#Dsfer8 betweeth fuDd• (166.618) 80,376 19,751 (80.376) (146.867) Net movement In fundi (86,242) (60,625) (146.867) RECONCILiATION OF FUNDS Totsl funds brought fonwd 668J23 202,200 870,723 TOTAL FUNDS CARRIED FORWARD 582281 141.575 723,856 Page 20 ¢ontinueAL..
YOUNG PEOPLE FIRsf (MIDLANDS) IYOTES TO THE FINANCIAL STATEMENfs- eontlnued for the year ended 31 Mareb 2024 14. TANGIBLE FIXED ASSEIS FixtseS Freehold property fiitings vehicles COST At l April 2023 Addition8 849915 5S113 1.734 91U74 1,734 At 31 Mah 2024 849915 56,847 914Jl DEPRECIATION At l April 2023 Chars¢ for year 502,649 23.063 50J13 1.917 S6008 At 31 March 2024 52S712 52330 7J46 58S488 NET BOOKVALUE At 31 March 2024 324303 4617 328020 At 31 Mar¢h 2023 347,266 4,800 352.066 15. FIXED ASSET INVESTME Durin8 the year the chArity sold its fixed asset inveslments r¢8li8ing a gain of £4,472. DEBTORS: AMouKfs FALLG DUE HllN ONE YEAR 2024 2023 Trade debtors Other d¢btor8 Prepayments and accru¢d in¢ome 11322 2.754 5,300 11,018 23J40 8.054 17. CREDITORS: AMOUNTS FALLING DUE wmiiN ONE YEAR 2024 2023 Trade Creditors So¢ial security and other laxes Othcr ueditors Accruals and deferred incom¢ Accrued expenses iJio 7271 1896 4750 2,135 1.534 1.826 I,lJ)5 IU27 6,500 An amount totalling £nil (2023 - fAO,000) was Teleased to in¢ome durin8 the yeor in rt8pt of defenrd grants where the associated wforniance conditions were satisfied. An amount totsllin8 £2.750 (2023 - £11) was included within deferred income awaiting satisfaction of various perfomwi¢e conditions. Page 21 continued..
YOUNG PEOPLE FIRsf (MIDLANDS) NOTES TO THE FINANCIAL sfATEMENfs- cOnlled for the year ended 31 March 2024 MOVEME IN FUNDS Net Transfers At 31.3.24 At 1.4.23 Unre8tricted fund8 230216 351065 (170073) {24,980) (1,735) 1.735 57.608 32&820 Unreslricted fixed assets 582381 (195.853) 384428 Rutrleted fund• Communities & Groups MentorAn8 & 8¢hools 41 J74 100,001 (41J58) 149,622 16 249,623 14JJ75 10&064 249,639 TOTAL FUNDS 723056 (87,789) 636.067 Net movement in fund4 included in the above ar¢ 08 follow8: In¢ornin8 Resources Gains and 10&8es Movement in fid$ Unre8trl¢ted fundi Free reserves Unrestricted fix assets (243,690) (24.980) 4.472 (170173) (4980) (26&670) 4472 (195,853) Restrltted funds Communities & Groups Mentorin8 & h0O]S 51499 205358 (9&057) (55.636) (41,558) 149,622 261.757 (153,693) AO&064 TOTAL FUNDS 330,102 (422J63) 4472 (87,789) Page 22 conlinud..
YOUNG PEOPLE FIRST (MIDLANDS) NOTFS TO THE FINANCIAL STATEMENTS. ¢onthiued for the yeAr ended 31 Mareb 2024 I& MOVEME IN FUNDS- tonthiued Comparatlve8 for movement ID hnd8 Net Transfely At 31.3.23 At 1.4.22 Unre4ts4eted fund• Free reserves Unrestricted fixed assets 298.194 370,329 (142,071) {24J47) 74,093 6,283 230216 352.065 668,523 (166.618) 80J76 582281 Re8trlrted fund• ArgyIe-Robin Communiti¢8 & Gro Mentoring & schools 80.376 39.586 82238 (80,376) 1,988 17.763 41.574 I,(m}I 202200 19.751 (80,376) 141.575 TOTAL FUNDS 870,723 (146.867) 723.856 c1paratiVe net movement in fillmls. included in the above are as follows: Incoming resoure¢s expended Gains and 108ses Movement in fillHIs Unre8trleted funth 59.499 (203,484) (24,547) 1,914 (142,071) (24.547) Unrestricted fixed 08sets 59,499 (228,031) 1,914 (166,618) Restrlrted funth COMMltieS & Groups Mentoring & schools 84,730 64,953 (82,742) (47.190) 1,988 17.763 149,683 (129,932) 19,751 TOTAL FUNDS 209.182 (357,963) 1,914 (146.867) Page 23
YOIJNG PEOPLE FIRSTLANDs} NOTES TO THE FINANCIAL STATEMENTS- contlDued for tbe year eDded 31 Mareh 2024 i& MOVEMENT IN FUNDS- eonthued A ¢urrent year 12 month$ and prioryear12 months Lximbined position is as follows: Nd movement Transfera At 31.324 At 1.422 Unnthcted fund• Free serveS Unrestricted fixed assets 298.194 370,329 (312,944) (49.527) 71358 8,018 57.608 328,820 668,523 (362.471) 80,376 386,428 Rethlcted fund8 Argyle-Robinson Communities & Gro Mentoring & schools 80.376 39.586 82238 (80,376) (39.570) 167.385 16 249,623 202200 127,815 (80J76) 249,639 TOTAL FUNDS 870.723 (234,656) 636.067 A current year 12 months and prior year 12 mondL8 ¢ombined net MoVt in fillth. Includ in the above are as follows: Gains and 1088es Movement in fund8 expend Unrntrlcted fbD Ftre r¢$¢rves Unrestricted fixed assets 127,844 (447.174) (49.527) 6,386 (312,944) (49.527) 127.844 (496,701) 6,386 (362.471) Re4trl¢ted funth Communities & Gmups Mentoring & s¢111 141.229 270,211 (180,799) (102,826) (39,570) 167.385 411,440 (283.625) 127,815 TOTAL FUNDS 539,284 (780,326) 6J86 (234,6S6) Fe tt8erves represent amounts held to further the charitable objectives as the tniste¢s s¢¢ fiL The unreslricled fixed ¥et fiuHI 18 a desi8nated pot set aside to recwise the net book value of the fixed ass¢ts ed by the charity. Ar8yle•Robinson represents amounts donated in memory of Ronald Geoffrey Awl¢*Robinson to support our work with young people and youth grou in LeamIn8t0 Radford Seme1< Ivhttnash and Bishops Tachbrook. ComMltieS & Groups has been set up to help young pwple in the Warwi¢k district community with after-school and evening ¢lubs and holiday provision. Mentoring & schools is for helpin8 young people in ethtion and to support their mentsl health and wellbeing. Page 24 continued..
YOUNG PEOPLE FIRST (MIDLANDS) NOTES TO THE FINANCIAL STATEMENTS. eontinued for the year ended 31 March 2024 19. RELATED PARTY DISCLOSURES There were no related porty tiyDsa¢tions for the year end1 31 Mar¢h 2024. Page 25