Partnership for Young London Partnership foryoung London 2711112024 08:54 TRUSTEES, REPORT AND FINANCIAL STATEMENTS 1 Aprll 2023 to 31 March 2024 Charlty Roglstratlon No. 1062226 A company Umltad by guarafftee. Reqlsterod In England and Wales 3334117 R•gl8tered Office: PO Box 270, Guildhall, London EC2P 2EJ VAT Registration No. GB 701560181 Al Partnership for Young London Tru8ts08'Annual Raport and FinanclalStatoment8 fortha yoarended 31 March 2024 Contents 1. Tru8tee* Annual Report 3.25 2. Independent Verifier 26 3. Statement of Flnanclal Activities 27-36 htt 5.11w￿. artnershl un k)n n.or Partnership for Young London Tru8tOO'8 Annual Roport fortho yoar onded 31 March 2024 1. R•fornnce and Admin18tratlon Dotall8 CharityName: Partner8hlp for Young London RoO•torod Charfty Numb•r: 1082226 RO08t•r￿ Company Number: 3334117 VAT Ra8lstratlon Number GB 701560181 Board olTru8tsa•: Date ol Appolntment l Re-Electlon Thoma8 M8Utner 1710912021 Jade Paul 1710W2021 Kalth 8ottoml8y (Chalr) F8nell8 Boyl8 (VIC8 Chalr) 1710912021 1710912021 Chrl8toph8r Murray 1211212022 Suzanne Wood 2110212022 Flnn Grant 2710912023 Gozl8m Mottoh 2710912023 S8rah Jo Loveday 1010712023 Troy Norbert 1010712023 John Grifflth city of London Corpor8tlon city of London Corpor8tlon Florence Ke8l80n-Anfu Treaiurer: Tha Ch8mbertaln of London Sollcltor: The Comptroller and Cltysollcltor Banker: Lloyd8TS8 Bank plc City Offlce. PO Box 72 Bailey Drive Gillingham. Kent ME8 OLS Investm•nt Fund Managor8: Artem18 Inve8trnent Management LLP I ndon.o Partnership for Young London Indepandont Verlflcatlon: Tudorjohn Llmltod Nightingale Hou8e. 46- 48 E88t Street, Epsom. Surr8y. Kr17 1 HQ Partnership for Young London Dlrector'• Report The Tru8tee8 pre3ent their statutory report wlth the flnanclal ststement8 of Partner8hlp for Young London ft>rtheyear ended 31 March 2024. The Trustee8' Report ha8 been prepared In compll8nc8 wlth tha St8tement of Recommend8d Pr8Ctlce (SORP) 'Accountlng and Reporting by Charftles.. publlghed In 2015, the FinanGlal Reporting Standard 102 appUc8ble in the UK and Repubuc of Ireland (FRS 102). effective J8nuary2019 end the Charftles Act 2011. QllE￿￿' To provid8 leadershlp 8nd vlslon 8bOUt￿ungpeop10 8 88rvlc8S.' Cre8tln8 Partner8hlp8. BulLdlng Futures Young peoplé make up 25% of London'8 population but are 100% crucl8l to Its future. Yet they face one of the most chalL8nglng economic 8etting8 of 8 88neratlon. wlth so many of London'8 young populatlon 8tlll struggllngto ecce88 the 8eNiG88 they need and the right opportunitiesto build happy 8nd 8UCC833ful futures. D88pltethese challenges. young people p088888 the 88S8t8they need to thrive. Partner8hip for Young London b8ll8ve8 In 8 future where every young per80n's rlght to w8LLbalng is recogn188d, where thelr 8tren8ths are celabrated. and their potentiaL 18 fulfllled. We are d8t8rmlned to make 8ur8 that thls become8 a re8Uty: and we knowwe are not alone In our vlslon. That18 why we provlde a cr0ssv88ctor platform. dr8wlng together publlc and priv8te organ188tlon8. 83 welL 88 the volunt8ry sector, 80cial enterpri8e8, and loc8L. raglonal. and national government, 89 P8rtn8rs In tha 8amevlslon. Slnce P8rtner8hlpfor Young London began in 2005, our work has centred around thr88 key goal8: We are connectlng everyone car88 8boutyoungpaople In London. Our approach Is a collaboratfve one, underplnn8d bythe b8llef that 2 unitedvoice 8houts louderthan Indlvldual ones. Through our plattorm. w8 brlng together a diverse network of over 3.000 organl3atlons. all workingto achi8v8 a real Imp8Ctto young peoples, live8 In London We 8ra detrBlopingand sharing ourknowledga and skllts. We have built UP 8 unlque und8r8tandlng of what works be8tfor young people-from how to engage wth them 8ucce88fulLy to whlch 88rvlc8s ar8 most Important for them to acce88. We contlnually htt :/Avw. artners Partnership for Young London develop and 8hare our 8ector knowLedge and expert18e acr088 our network and beyond, to b6tter 8qulp other8to help young people aGce88 the opportunitie8 and 8ervices they need to succeed. We ar8 Influ8nclngpoUcy. Partner8hlp foryoung London 18 recognl8ed as an Independent thought ￿eder. constsntly strlvlng to generate innovative idea8 that will help young people In London thrlve. Our strong Ilnks wtth LocaL reglonaL 8n(I national govemment enables us to Influence youth pollcy 8t 8 top Lev81. so that W8 C8n rai8e awar8ne8s of key challenges and promote young people's rlqhts to brlng 8bout long-tsrm change. By conn8tr(in8. developin& and influ8ncin& w8 are laying deep foundatlon8 on whlch to bulld happy 8ndthrfvlngftrture3foryoung people. Birt8 unlted volce18 our8tron8e8ttool. It18 onlythroughworklng together collectlvely that we wlll be ab￿ to make a la8tlng dlfference. Partnershlp forYoungLondon-together. we can bullda 8UCC888fulfuture foryoungpeople in London. Partnership for Young London Our key functlon18 to work wlth others to en3ure that W8 8LL put young people'8 voic88 and n88d8 at the cor8 ofyouth poucy and pr8CtIc8, avery aspect of ourwork18 about developing partner8hip8 and collatJoratlon8, It18 tha thr88d that runs across all programme8. Only byworking 8y8temlc811y can w8 re8Uytackle the Inequltyf8ced by rn8nyyoung Londoner8. We hold our88lv88 to 8ccountthrough our lanifR2ts whlch outunes our key objectlves. through thi8 we aim to be: COLLABORATIVE-We knowth8t ch8n88 happengwhen we worktogether. and wetske a 8y8temic approach acr033 our work. EQUITY- We beli8ve that tackllng Inequalltl88 Is core to everythlngwe do. YOUTH- LED. We belleve thatyoung people'8 voice8 and needs are a key part of our dec1810n- making proc88888. We focu8 on proactivety 8h8rln8 power wlth young people to Influence poUcy/practlce. Through the pan London Children in Care Councll, the Young Londoners Re88arch Network, HousingA88OGlation Peer R88earcher8, H8alth Amb8888dor8• young researcherg. cmc Identltles youth Leader8hlp and re8earch group we are worklng to en8ure that young people d881gn the pollcy and practice solutlon8 they need. Working wlth dlver88 groups of young people W8 t8ke an IntsfBectional approach. 8UPPOrting the next generatlon of chang8 makers. Young people'8 le8derghlp Is developed acro88 our proqrammes. through paid role8, peer r8888rch8r8, youth 8dvl80ry boards, 8nd wlder youth netsvork8. more than 200 young people ar8 C8mpal8nlng and Influ8nclng 8y8tsmleally across our wor The staff tsem at Partnershlp for Young London are ambitiOU8 for change. they are cre8tlve. collaboratfve and h8ve 8 coLLectlve ambition to make an Impact. They are focused on achlevlng change through couaboratlon and partnership8. We contlnue to build our peer re888rch network and have over 40 paar researchers who have worked with u8 acr088 a rango of prograrnmes over the183t year. The Staff have transformed the waywe work, extendlng our network8 and p8rtn8r8hlp8. bulldlnq collabor8tlon8 b8sed on an underpinning focu8 on 80ciaL Justice. We have a bo8rd who are challenglng. knovAedgeablo, creative and demandlng the be8t of Partnershlp for Young London helpingto ensure we extend and develop both our quallty and our Imp8Ct. Partnership for Young London A key 88P8Ct of our remlt Is about maklng sure that young Londoner9 Systemlcally Infiuence pollcy and practlce, wlthout structur8L chan88 manyyoung Londoners are f8cln8 an uphlll 8tru8gia. London should be a 8r88t place for youn8 peop￿ to grow up and yet we knowthere are stlLL many ch8ll8nq8S. Socl8lJu8tlc88nd 8888t ba8ed approaches Shape 8verythlngwedo.we almtoworkwlthyoungp8opl8 to hlghughtthe cr88tlvlty, reslllence, and strength of young Londonerg 8s well a8th8 ch8nqe th8y need to thrlve and make London 'A F8lr8r Clty.. L68dlng up to the M8yoral Electlons In May 2024. and In partnershlp wlth over 300 young paople we cr88ted our Manlfesto for Young Londoner3. Thls was gUPPOrted ty over 100 yOLrth sector leads 81mlng to show how coll8bor8tlon can b8 developed 8cr089 London and creat8 8 f8lrar and more SUStslnabl8 London. Youth-led events and conferenceg hlghllghted pollcy prforltlas forthe raglon and mechanlsms 88 to how we contlnue to en8ur8 young peopl8 ara at the core of future plannlng. We know that we need to do th13 through a 8y8tem8 change l8n8 8nd onLy through cross sector partnerghlps and coll8bor8tlong Can we shlft outcom83 for rn8ny young people maxlmlslng the totsl collectlve 89gets of London. Ourfunders have contlnued to enable us to b8 creatlve. be fiexlble 8nd 8d8Ptlve as the need8 of the youth 88Ctor and young people changa. W8 are not compl8cent about thls trust and we need to contlnu81ly r8vl8w what wa do and 8ssess how we can be better. through our partner8hips and new 8lllances.we thankthem for thelrsupport. thelr Ideas and their challenge. Cty Bridg8 Foundation A8socl8tlon of London Dlrectors of Chlldren's Servlce8 London Council8 The Clty oy London Corporatlon The G￿ New Deal for Young People and Youth Soclal Actlon. Tru8tfor London The Natlon8l Lottery Communlty Fund The Nationalyouth &qency and the Dapartmentfor Culture. Medla. and Sport Healthy London Partner8hlp Good Thlnklng The Hyde Group. MTVH. Clarlon Hou31ng The NationaL Hou88 Project Museum of London Royal Houoway. Univ8r8ty of London ht un lond Partnership for Young London Thls yBar. Partnership for Young London ha8 contlnued to deliver 88rvice8 whlch 8r8 8LL underplnnad by our collectlvely agreed manrfoSt0. The work acr088 20231202418 both Informed and d8veLoped by young Londoner8 and the group8 who 8UPPOrtthem. Partner8hlp foryoung London only 8xlst8 88 It 18 a collaboratlon acr088 multipl8 partner8 who are re8pondlng to the vlews and needs of young people, adaptlng and developing 8ervic88 to create Impact. The staff tsam are clear aboLrt howwe power 8h8re wfth youn8 p8opI8 and 89 an org8nl8atlon challenge our8elve8 to continuou81y l8am and develop our pr8Ctlce. They are 8 creatfve ts8m and highly committed and 88Tru8t888, W8 ar8 committed to Inv88tln8 In them, 3upportlngthem. and workingwith them In thetsce of our rapldly changlngenvlronment. Th18 forthcomlngyearwe wlll have both the London Mayoral El8ctlon8 and N8tlon8l General Electlons and our role 18 to help 8hap8 pollcy and practlce for tha naxt generatlon. wlth young Londoners. The team ha8 an incredible ablllty to create new partnershlpg. brlnglng 8 huge range of groups together to Share Learning, develop practlce and Influence youth pollw. Ovar the l8St year we have created new partner8hlp8 wlth 8 ran88 of London's Unlver8ltle3. we hav8 extended our network8 With the bu8in888 8ector. pubuc health, museum. and art3 88Ctor almlngto 8Ct as a connector acr088 London'8 multlple assets. Th18 year wa $8t ourselve8 an ambltlon to create more opportunltle8 for young Londoner8 acr088 all of the proJ8Cts. We h8va funded roles, peer re8eaTch contracts as well a8 youth 8dvi80ry board8 as well 89 wlderyouth 8ng8gement opportunities through event8 and survsrf8. We know we can do more to d8v8lop the opportunltles on offer foryoung people and truly power 8hare 8cro88th8 org8nlgatlon 80 th8tyoung Londoners take leader8hip roles aGfo88 alL a8pects of our work. Overthe la8tyear, we have had over 40 peer re8earcher8 engaged In v8rlou8 prol8Cts foeuslng on youth 8ervlce8. policy dev8lopmont, housing 8trats8y, clvlc Identity, and leader8hlp. The Chlldren In Care CounGII havo ho¥(ed the launch of the Pan London Compact for Care LeAver8 8tthe Guildhall with 160 8trate8ic lead8 of Children8 SeNlce8. the DFE, the NHS lead for London and the Minister for Care Leaver8. rtnershi un Partnership for Young London W8 have been worklng wlth natlon8L partners on youth pollcy and pr8Ctlce and th8 wlcjer network of Reglonalyouth Work Unlts where fundlngfrom the Department for Culture. Medla and Sport Is 8nabLlng u8 to cre8ts robust reglonal networks. We are alw8ys open to new coLLabor8tlons that focus on gocl8lJustlee and 8mpllfythe volce and needs of young Londoner8 and the groups wh0 supportth8m. We are 8d8Ptlve, contlnuou8ly learnlngto brlng about P081tlve change wlth young Londonars. The Trustees contlnue to be very actlveLy engaged In the long-term 8U8tainabiLity of the organ18atlon. We h8va r8vl8wed our 8Dq888rnent wlth the buslness 8ector, asBes8ed howwe mea8ure our Imp8Ct. revlewed the p8thw8y foryoung people across the organisation and we continuou8ly review ourfundralsing strate8yto make 8ure we can deliverthe aims of the manFfe8to. Ourfunder8 have 8UPPOrted us immen8ely. they work proactively with u8, investing in our approach to en8ure we can deliver high quality 8ervice8. The 8taffing and re80urce8 8ub-group place8 addltlonal scrutiny on 8taffing, budget8, and longer-tarm planning, en8uring that we have robu8t flnancl8l 8y8tem8 In place forth8 future. The board con8i8t8ntly work8 to mak8 8ur8 w8 have the rlght 8kllL8 In pL8ce. through our 8udltwe 888888 our 8trength8. review our recrultment proc888 to 8ngure we can18verage In th8 expertl3e and 8kill8 we need to 8hape our fLrture work. We have recrultsd Gozlem Mottoh to tha board to help develop our bu8lne88 8tr8te8g. Flnn Gr8ntworkln8 on our Impact and research approach. Troy Norbert on youth engagernent end Sarah Jo Lov8d8y who leads on our HR Governance. The city of London Corporatlon provlde8 88rvlc88forthe k8yfunctlons th8t 8UPPOrt the organlsatlon, 8n8bUng U8 to contlnue to d8V8Iop and 8xt8nd ouroffer, we aré Incrédlblygr8tsfulto them forth18 support. We h8Va ttvo gr88t 8cJvlsors from the city of London Corporation, Florence Keel80n-Anfu and John Grlfflths. thelr skllls and perspectlves shape the overall quality of ourwork. Thankyou to them both and a huge thankyou to ourwonderfultsam of 8tsff and Trustees. Wlth the year ahead 2024-2025. we must rnake 8ure that we have soLution focu88ed and 888et- based per8pective8 acro88 ourwork, where young people'8 voices will Gontlnue to Inform our pLan8 a8 we go forward. We knowthatthe i88ue8 faced byyoung Londoner8 and London'8 Communiti88 are complex and 8y8temlc and wlth the eleotlon8there h88 never b88n a more cruelaltlme to m8ke re8L p081tive dlfference anchored In cro88 88ctor collaboratlon and ambltlou8 actlon. alwayg Puttlnq youn8 Londoner8 atthe centre of everythln8we do. artnershi un london.or 10 Partnership for Young London Achlevement8 and Performance Connect- We are connectlng everyone who cares aboutyoungpeople in London- bringing together organisations, local and regional government, and youngp8ople themselves. We Gontlnue to have a wide range of org8ni88tlon8 In our network whlch Includa n8tlonal. r8glonal government. local authoriti88, voluntary and communlty 8nd 80clal 8nterprlse8. collages. sport group8. unlver81tle8. hou81ng a880ciation8. Private 8ector. and IndMdu8ls. We currently have over 3.000 group8 on the wld8r malUn8 gettlng reguLar upd8te8 on youth pollcyi practlce, fundlng. and workforce developmem opportunltle8. We have facllltsted a range of m88tlng3 8nd neMrk8 Over th8 last year. we continue to develop the Young Londoner8 Co8lltlon 8 partnershlp wlth London Youth. Funders. the GW London CounGII8, NHS London, the Houslng Sector and Loc81 Infr88trUCtur8 wlth 4 key prlorities; Data an(1 In81ght, Worl(force D8velopment, Youth Engagement and CoU8boratlon. We have had over 7 network meetln88 focu88d on worldorce, youth work In h88lth b88ed 8ettlng8. youth voice and poll￿• Apprentlc88hlp8 and th888 hav8 been attended by over 300 practltloners and manager8 from acro88 the youth Sector, coverlng $8V8r8L dlfferent sector8: Local authorltles. VCSE. hou8ing 8880ciatlon8, re8lon8l and centr8l governmerrt. the Police, and private sector organi8ation8. We have dlstrlbuted flftyweekLy updats3 out to over 3,000 practrtioner8 and policy lead8 over tha last y88r. Thls Infomiatlon cover8: research and new8. funding. resourc88, OPPOrtunltle8for practltloners and young people. report8, and publications. It glve8 UP-tO￿al8 in8ight8 acr088 youth pollcy In London and nationaLLy to 8UPPOrt 8ervice8 to d8v8lop thelr knowledge. 8klll8. and c8P8elty. We have 8t8rted to P08t material8 on Linkedln to galn more follow8r8 and 8hare our re80urce8 more wldely. The update 18 a critical linkto our networK It18 8 key meehanlsm to proflle our offer and those of our partner8, we aL80 have 8 regular new818tter out to over 150 young peopl8 to angege them in the dlver88 rang8 of opportunltle8. htt rtnershi 11 Partnership for Young London Develop- We 8re developlngandsh8ringknowledge and skills- equipping others to help youngpeople in London access the support theyneed. We have been worklng with the oth8r region81 youth work unlts and the Natlonal Youth 48ncy to deliver the Departrnent for Cultuie. Medl8 and Sport youth work bursary scheme and have ca8cad8d out four round8 of bur88rie8to more than 400youth workers (level 2 and 3). Thls has a particular focu8 on encouraging 8taff and volunteers from raclally mlnorlt13ed communftles to galn qualification8. Thi8 year we continue toworf(wlth London Youth and other partners on 8 youth workforce ¥(rat8&l to create clearer p8thway8 8cr088 tralnlng and deveLopment opportunltles and encourage a wider pipeline of youth workers to develop th8lr skllls 8crog8 the reglon. A key focus ha8 been on building routew8y8 Into 8ppr8ntlce8hlp8 wlth NYA. GLAand BBC ChlLdren In Need. We have been awarded funding from City Bridge Tru8t to contlnue the 8UPPOrtfor yOLrth 88Ctor group8. We have faGilltst8d mor8 than frfteen events over the188t ye8r, and over 250 organ188tlons have engaged wlth th18 offerto date. Thi8 tralnlng h88 Included: Trauma Inform8d Practlce Mentsi Heelth and W8Llb8lng Mentsi Heelth Flr8t Youth work In health based 3etting8 Youth Engagement and Impact Detach8d Youth Work We have profiled our reach on ourweb81te through Power Bi and we contlnue to revlewour reach and impact of the tralning offer. 12 Partnership for Young London INFLUENCE- WE ARE INFLUENCING POLICYAND PRACTICE- GENERATING THE NEW IDEAS THAT WILL HELP YOUNG LONDONERS THRIVE. Th18 group conslsts of representstlon from the GW London Counclls. Health. Funder8, LocaL Authorftles, f8lth and bellef Sector and voluntsry $8Ctor groups almlng to drlve up collaboration acrossthe réglon end It has taken 8 focu8 on the followlngtheme8: Dats and In81ght Youth P8rtlclpatlon Workforce DeveLopment Developing Partnerships and Collaboration8 Wlth th18 network. we have h08t8d 88v8ral 8vant8 and woth8hop8 on workforce• youth vole6 and we have been worklng alongside of the GLA, LGA and DCMSto help 8h8pe youth pollcy natlonally. We have h08tsd reglonal event8 With the GLA and NCS on Youth Soclal Actlon. and collaborated wlth regional Golleague8 on detached yDuth work and youth work In he81th-b88ed 88ttlng8. Leading up tothe Mayoral Election8, we collaborated on 0youn￿￿ whlch w85 developed by young people and 8ndor88d by over 100 organ188tlon8. Wlthln th18 young people generatsd policy 80lution8 for London with over 350 young people from across th8 re81on. Authorlng Our Own Storl Thi8 yOLrth voice project8 explor88 how youn8 people'8 cmc Identltlas can Influence thalr 8CCeS8 to youth 8UPPOrt. W8 are working n8tlonaltywlth youn8 peoplefrom mlnorftlsed communltl88 Includlng young whlte worklng-cla88 men from po8t-Industrl8l are8s In York3 8nd Humber. young people from coa8tal are88 In the 80UthMK8t of England, young p80ple who are neuro-dlv8r88 from the northwest and young people of Black and Aslan herltage In the sOUthe88t. We are m8klng 8 tsnglble chang8 acrosg the country. L• 13 Partnership for Young London In London. Young Leaders have been invited to deuver tralning to t8acher8. b888d on eurrent flndlng3from thls project. Nationally• Young Lead8r8 have dellver8d events on flndlngs to 8 r8nge of stakeholders includlng councillor81 youth work pr8Ctltloner8, aeademlc8. and pollcy m8kers. They are now explorlng how their Learning can influence Local youth pollcle8. Members of Natlonal Communlty Lottery Fund attended a semlnar to learn more about what to agk prospectfve grantses Seeklngfunding for prolects related to identlty. Th1818 to g8nerats better prov181on for young people from minoriti8ed Gommunitie8. Profe88iona18 in the youth 8ector want to learn howwe are u8lng cr8atlve approaches in pe8r re8earch to get our m888a8e8 acro88 on th8 n8ed for young peopL8 wlth mlnoriti8ed identlti88 to have better acc888 to 8ervlce8. Over the p88t faw months. the Natlonal Lead for ALrthorlng Our (kn Stor188 h88 been bulldlng naw partnerghlp8 wlth org8nls8tlons across the capitaL to optlml8e OLrtcom88 for young people. She h88 algo bean recrultlnq the new cohort of Yaung Lea(ler8 for 2024. Thi8 year they WILI have greater opportunltle3 to engage wlth decision makers. Thi8 8hould help tran81ate recommendatlong from young p8opL8 Into actlons that re8uIt in tan￿ble chang8. The r880urce8 belng created can b8 acc888ed vl8 th18 lloL Partn8r8hlp foryoung London has partnered up with three major hou8ing 8880clatlon8: Metropoiitsn Th8mes Valley Hou8ing (MTVH). Hyde Hou81ng, and Clarion Hou81n8, by8etting up a P88r research team to gain a better understandlng of howyoung re81dentgwould Ilke to InfLu8nc8 thelr hou8lngsltuation and howto increase youth l8ad8r8hipwlthln Hou8lngA88ocl8tlon8 (HAS). Thls project buiLds on previous wotta and tRa£atoh outUnln8 th8188U88 th8tyoun8 p8opI8 f8ce In relatlon to hou81￿ such a8 how In8ecurity aboutthelr hou81n8future8 mlght 8ffectthelr Ilfe decl8ion8, weLL-being and a8plratlon8, a8 Well 88 howyouth volce18 currently underrepresented in decision-maklng. We aim to contribLits to th18 work by Id8ntlfylng opportunltles for Intsgratsd youth voice and l8ader8hip irrflu8ncing pollcy and practlce aeross hougln8 a88ocl8tlons. 6 peer re88archer8 from acr088 the Hou81n8 A880clatlons have been reg88rchlng how youth voice can be embedded acro88 housing pollcy and 8trate8y and the reportwlll b8 l8unched In June 2024. hl london.0 14 Partnership for Young London Wlth the fundlng from Tru8t for London, we 8re worf(Ing to bulld the 9k1113 and c8P8cIty of org8nl8atlon8 to conduct peer-led re888rch and take forward youth-Led campalgnln8. (knr the L8st year we h8ve completed the followlng: Youni Londonorn. Manllo•to 2024-Ambltlon8 to work In partner8hlp wlth the next Mayor of London The Xoun&L￿[s 8 collaboratlon beTrM8n the youth 88Ctor and young people, oudlnln8 8 serles of asks for the next London Mayor and the Gr88ter London Authorltyto make London the best cltyto grow up In. Thls wa3 endorged by over 106 or88nls8tlon8 who coll8Ctlvely reach more than 300.000 young people. There are three a8pects to th18 work: A Falr•r London-The work of young Londoners and the organlsatlons that 8UPPOrtthem Th18 report was collatsd ty young Londoners and the youth 88Ctor; It hlghllghts the pollcy solutlons daslgnad by p88r r888arch 8dvlsory board at P8rtner8hlp for Young London and presents a 8erle8 of C888 Studleg on th8 work 8lre8dy undérway across the youth 8ector. EmpowerlngVolc•s and Insplrlng Chang•- Event Summary Report 'EmpowerfngVolces. Insplrlng Change. wa8 a co-deBigned evontthattook place on January 27th 2024 at Clty Hall. The everrt almed to explore the work of young people and youth group8. the impatr( or change they had created through thelrwork on policyand practice. This 8umm8ry report 8har88 whatyoung Londoner8 highlighted, and a video that wa8 made tyYouMeU8.TV on th8 day. P••r R•s•aroh Board and FMrnoworf( Recrulted a Peer R838arch Advlsory Board. who have met every tsvo months to look at Internal and external pear r8888reh pr8Ctlce. They have SUPI￿rted wlth the creatlon Of the Peer Research Ev8lu8fjon. theYoun8 London8r8' M8nlf8sto. and the Supportlng of campai communlcatlong aheed of the electlon. Developed 8 Peer Re88arch Evaluatlon Fr8m8worK whlch allows an organlsatlon to evalu8t8 8ny peer r8888rch proJ8Ct for four key outcom88: essentlal sklLL8. agency and empowerment, r88earch 8klll8, and Impact. Provlded Case StudyforTru8t for London about peer research. and the lrnportance of Involvingyoung people in reBearch and deG18ion maklng. htt rtnershi un london.0 15 Partnership for Young London KnOw￿dIe Sharfng P8rt1clpated In Unlverslty of Hertford8hlr8's #lrNoLv8YoungPeople podca8t, 8P8aklng about paèr re88areh from 8 pr8Ctltloner8 par8pectlve, and 8UPPOrtlng two peer r0888rcher8 to tske part In an eplsode from the young person'8 per8pectlve. Shared Dur peer research approach at Toynbee HeU'8 Knowledge Exchange Clrcleth provldln8 one to one Support over the cour8e of a day to Local TowBr Hamlet8 organi8atlon8 over four weeks onllne. Produoed"Levelling up London: Improving London to m8etth8 a8piration8. need8, and rlght8 of yx>ung people", a peer r88earch project looklnq at the l8veUlng up agenda appued to Inequatltyfor Young Londoner8, and th8 C08t-of-IMn8 crf818. We 8180 Involved a renge of 8takeholder8 from the outset. with 8 88rle8 of roundtsbLe8 on k8y193ue8 wlth 8 total of over 30 practrtioner8. A totsl of1.258 young people completed the suNey that undarplns the report. Supported the Latin American Women'8 Rlghts Servlc8 to conduct peer re888rch. h08tlng and tralnlngyoung people from the communltl88 theywork over four day8. They conductsd r88earch Into domestlc vloLence. end barrler8 to Seaklng support for young Latin Amerlcan mlgr8nt women. Supported the Peer R888arch Advl80ry Bo8rd to engage wtth every London Mayoral campalgn team. wlth young peopl8 8lttlng down wlth the Green candidate ZOO Garbett and Assembly Member Caroune Ru88ell. Supported the Peer Research Advisory Board to 8peak at the APPG for London on apprerrtlceships, highLight the c08t of livlng Gr1818 and flnancial barrier8 for many young people to accessing apprentice8hip8 in the Gapitsi. 'Ji- We launched theflnal report of the Young Londoner8 Re8earch programmab￿th the GLAat Clty HalL Thi8 worf(wa8 funded by the GLAto deliver nln8 grants to young people and youth group8 to develop their peer18d r88earch approach88. Thè fundlng tr8lned and 8UPPOrted young people to research a k8y188ue th8t they have Identlflèd and then engage tholr peer8 In developlng 8oLutlon8. Nlne groups were to facllltate peer research and thw Includ88: Chicken Shed Theatre. H8rlngey Gold. The Avenue8 Youth Project, Young Hammer8mlth and Fulham Foundation, Hlghbury Roundhou88Youth Project, London Borough of Merton. R880urcesforAutlsm. Sounds Llke Ch808. Soap Bo& Dragon Hall. We h08ted 8 8t8keholder event wfth over 100 p8rtlclpants ghowc8slng the 16 Partnership for Young London workand 8atherln8 thelrvlew8 and 8UPPOrt to embed the flndlng3 In thelr practlce and poucy makln8. The fln81 vldeo for the project can ba downloadedth￿ and the flnal report on the process and the keyflndlng8 from each otthe groups can be downloaded The Pan London Chlldren In C8re Councll (CICC) Is funded by A88ociation of London Director8 of Chlldren's SeNIc8s (ALDCS) and the Clty of London Corporation. The work over th8 last part of the year h88 focus8d on 8 ranga of themes: PaLLoD￿￿-Tr8 Pan London CICC contlnuestoworkon the Compactwith a ft>cu8 on the folLowlng ar8a8: Hou8lng. Educatlon. Tr8lnlng and Employment. Mentorlng. Health and Wellbein& Tr8vel. Tha Compact wlth l8unch8d 8t the Clty of London Corporatlon wlth over 180 stskeholder8. It w88 hosted by the Pan London Chlldren In Care Council. Young people, Director8 of Chlldren. Servlce8. Elected members.the DFE NatlonaLCareAdvi8or,the Mini8terand the NHS Leadfor London 88 well a8 Chief Ex8CUtive8 of London Borough8 all Game toDther to a88e88 how we c8n Improve outcomes for cara Leaver8. Youth Engagement cfvervlewfor the Pan London CICC please cllckjwo Pan London Compact Launch Goverage Gan be viewed hftto Pan London Chlldrnn in Car• Councll Adv180ry Oroup-W8 have h08ted over ten 8e881on8 Mrfth thls group to revlewthe overall programme and engage widervoic88 in future planning. They 8l80 m8twfth the Deputy Mayorjoanne Mc Cartneyto profile the role of th8 GLA In 8UPPOrting care leaver8. v¢yrER ID and Vot•r Engagement - The Pan London CICC wa8 funded to run outreach 8nd engagement 8e881on8 8cr088 London wlth care experl8nced young people to support them to aCC8S8 thelr democratlc rlght8 to vote and 88t VOTER ID prlor to the Mayoral Electlons. 15 workshops were f8cILltatsd wlth the boroughs 3harfng resources and galnlng Inglght from young peopl8 about the baThl8rs to 8X8relslng thelr democratlc rlghtg. Podca8t8 and R•goureo9- we h8ve created tsNO podc88t8 focuslng on r8lslng 8W8ren8ss of VOTER ID and Voter Reglstr8tlon whlch w88 supported by th8 Mayor of London. Thls cr88ted resources for Care experlenced young people acr098 London. We have a180 created a resource pack for all borou8h8 almlng to 8how them how to 8UPPOrt care leaver8 and Gare experlenced young peopL8 to re¥ister to Vote and get the right VOTER ID. Volc8 for Care L8av8r8 can b6 vlawed horo htt . rtnershi fo un lon on 17 Partnership for Young London VOTER ID and Votsr Regi8tration Re80urce PaGk Gan be download8d t￿0 ShlnnlniStar8-we collaborated with the Network of Virtual School Headteach8r8 to h08t an awards ceremonyyor care experfenced young peopLe. Over 160 people attended the 8888ion and the Mayor of London Sadlq Khan sentthi8xidootO show h18 appreciation of their achi8V8ment8. Collaboratlon- we.have facilitated over eleven meetlng8 for the Partlclpatlon Workers who Support care experl8nGed young people acr088 London wlth over 90% of the boroughs represented. Thesa meetlng8 have 8xplor8d;targ¥(ed p.mployment 8UPPOrt for cara experfene8d young people. optlons foryoung people coming out of th6'88cure 88t8ts. C8mpal8nlng and Influanclng poucy. re80urcasfor key groups of care leaver8, developing a pan London offer, engaglng wlth the Care Rovlew 8mong other area8. Amplllylngvolco•-The Pan London CICC wa8 a kay note spe8ker8 at the cityof London Corporatlon Annual Dlnn8r proflllngthe work of the Pan London CICC. they presented at two 8e88ion8 for elected members on the needs of care leavers and th8 pan London Compact. The CICC also hosted two eng88em8nt 8vents wfth the tsmlly courtJudg88 to help bulLd Llnks and roLrte8 irrto the family court8 on the 8xp8rlenc8 of car8 le8v8r8. Eniaq6ment Evant8-W8 faclLltated 8 range of 8e3slons which aimed to profile routs8 into HE at UCL and Klng8 Collage London. hlghught lob8 In the bu8ine88 8ector and ensure that wlder group8 were Ilstsnlng and actlng on the needs of young people. We have been worklng overthe yearwlth Good Thinking. and Healthy London Partnor8hip on the r deslgn and development of the Good Thinkingweb81ts. on young people'8 mentsi health and wellbeing. Within thi8 we have facilitsted the following: Soclal Medla Cont•nt-Th8 8mbasgadors' group have co-creatsd content for the Good Thlnklng webslta, faclllt8tsd Instagram Ilve ovents on 8tr888 at unlver8ity, and created 8ocI8I m8dl8 8858ts on the Ylve ways to weLL-belng and how to 8UPPOrtyour p88r8. M•ntal H•atth Recovory Board - Young people have presented th8irwork at the Chlldren and Young People's Mental Health Recovery Board. The group intorvi8wed key mental health 18 Partnership for Young London lead8 acr088 the Integratsd Chlldrens Board8, collating feedback on waitingweLLft>r young Londoner8. We have bean worklnqwlth Rocket Sclence and the GLAfocu8ed on evalu8tln8 the Impact ofYoLrth SoclalActlon. Th18 Included revlewlngtwo progr8mm88 Headstart Actlon and YoungAmb8888dor8 funded bythe Communltle3 8nd CMI SocletyTeems atthe GLA. Peer r8888rcher8 were 8 kay Part of this evaluatlon framework 8nd theywere tralned to g8therthe vlews and oplnlons on youth soclaL action8 wlth thelr peer8 and other stakehoLders. The vldeos cr88ted from thls programme can be viewed h￿We will also be creating a video narratlve of the work as part oythe overall evalu8tlon ol the project8 which WILI be launched at an event in summer 2024. The Care L8aver8 National Movement has been worklngwlth P8rtner8hlpforYoung London ov8r 12 months to 8stabli8h a peer research evaluatlon approach 8cross the Natlon81 Hou88 Project. Th1818 COwd881gned project with young peopLe acro88 their 8ervlce8. and we have been fac1l￿tIng tralnlng and development programm88 to a88888th8 88rvlce8 on offer. anelysing data and en8uring young people 888e88 the 88rvic88 on off8r acr088 th8 projects. We have been worklng wlth Roy8l HolLoway Unlv8r81ty to set up a learnlng and coU8bor8tlon partner8hipwith unlversftles 8cro8sthe reglon. Thlsgroup has Identlfled a range of 8r8asforpotsntlal coILaboration and development. 1. Data Hub: To manage requests forth8 8naly81s of d8ts from charftles and othergroups 8eeking universlty support. 2. Research Partner3: To create an onllne space for academlc8 and charftles, to collaborate on projects. 3. Student Plac8rn8nt8: To create a 8pace wh8re opportunlt188 for student placements and pald Intsrn8hlp8 can be 8hared wlth youth sector colle8gue8. htt rshi oun k)ndon.o 19 Partnership for Young London 4. Thematic Research: to worf( collaboratively to identify where there18 a nead for res88rch. and potential funding bid8. bulldlng on the th8rn88 identlfled by the ts1apolDg LoDdon report. 5. Youth En8agem8nt: To In￿StIgate 8 standlng panel ofyoung people who can h8Lp In co- deslgn of all the projects, 8Ctlng es the 'advi80ry boar(a' of the Network. 8. Rasearch Showcase and Impact: Showc88lng research workto the medla. Influonc8 and engage pollcymaker3. and pratrcltloners. P8rtnar8hlp for Young London Is represented on a range of boards both nationauy and ra8lon8lly almlng to Influ8nce youth pollcy and practice at a 8trateglc level. Thi8 COV8r8 board8 8uch 88 the Natlon8lYouth Advl80ry Group. CYP Mental Health Recovery Board, the Babl88. Chlldren and Young People Health Transformation Board, the Good Thlnkln8 Adv180ry Board. the Pan London Compact Governance Group. among oth8r8. We work acr088 our programmes to engure that young people engaged In the work we d8Liv8r take part in 8trateglc plannlng groups and 8h8re the vlews and opinions at all L8vel8. We have been delivering against our aiming to creats 8 cle8rer Set of ambltlong acro99 our work. In order to shape the focu8 for the organi8ation wa have 88th8red feedback from over 170 Btakeholdor8 on our offer and future n88d81prioritie8. 8lmlng to Incr8888 our reach and Impact. We are a 8mall charty and communlcatlon8 remaln8 8 crltlcal way In whlch we engage wlth the youth 88Ctor acr088 London. Th8 communlcatlon8 Output of PYL hes eontlnued to expand wlth the websits, this aims to be more acc8881ble and far more Inter8Ctlve-where 8U staff can curats updated contsnt monthly. We u88 the web8lt8 to proflle progr8mmes of work. highll8ht resources and advertise events 88 weu a8 networklng opportunltles. The 3tsff have been worklng to regularly update our 80cial media, ￿th Llnkedln. twitter. to extend our reach 8nd craats new partnership5. We contlnue to expand the reach of the weekly and monthly updats and attrect new reader8 Via the events that are taking place. AddltlonalLy, young people engage In the worK creating contsnt Via In8ta8ram and Llnkedln 80 that theyt8ke Increased owner8hlp OY our content and communication8 channel8. s:Ilww. •JL• 20 Partnership for Young London We hava made progress on: Twlttar: W8 hav8 d8V8loped our pr888nce on twitter pogtlng reports. proflllng events. and 8haring content and we contlnue to 88ln n8wfollow8rs. Llnkedln: Our Llnk8dln compeny page continue8 to be updated and we are 8haring contsnt vla pogt8. Ilk88. shares. and new foLlowers. In•tagram: we hav8 d8volop8d our work on In8t88ram and contlnue to promote m8terl815 and profil8 matsria18. Thi8 ha8 P8rtlcularly been tocused on worklngwlth h88lth to cr88ts youth led contsnt around well-beln8. we have 8I80 U88d thlg to 8dvertlge 3uN8ys. generate content and create link8 8cr088 the work. W•hlt8: we have updat8d our webslte to increase its functionality. It Gontinue8 to grow It8 reach. overth8 last y88rwe h8d over 24.000 hlts on the website with more than half of th08e belng new vl8ltor8. W••kly and Monthly Updat•8: th18 goe8 OUE to thre8 thousand people. 8nd we have a 24% cUckthrou8h rat8 on content. We contlnue to upload relevant rnaterla￿ to 8881st the sector ecross London to acc888 U8eful matsrlals to gUPPOrtthe quallty of thelrworL Wa drfve uptrafflctothe websltethrough thi8 ouremail update and content. to create more Interactlon wlth v181tors. The alm Is to be re8ponsive. vislble. and curator for th8 organls8tlons worklng wfth young paople In London. We arg currently worklng on a new communlcatlons Strate￿yOr 2024125 to explore howwe can Improve our offer and roach 88 w8ll 88 a newwebslte. Company Offlco The team conduct company 8Ctlvltl8s from the Partner8hip for Young London office 88tabli8hed wlthln the city of London'8 Department of Community & Children'8 Servic88 under a manag8ment contract. Partnershlps Durlng the year. the organlsatlon has corrtlnued to develop and extend it8 offer. we have engaged repre88nt8tlves from overthree thousand groups including hou81ng a880clation8, local government, the voluntsry youth sector organl8atlon8, art8 and cultural group8. volunteer8, among other8. We track our reach vla PowerBI and can profile the work that h88 been dellvered onlln8 vla the Impact paqo. We have includedleedbackfrom our 8tskehoLd8r8 on thelrvlew8 onthe servlce es well 88th8lr future n88dB. 21 Partnership for Young London Partn•r8hlp toryoung London Staff and Volunt••rn Partn8rshlp for Young London is only a8 good 88 th8 8t8ff ts8m. volunteers. and tru8ts88 who work here. and through th18 GapaGlty and Commitment, We can 8U8tain high quality 8ervlc88 8nd respond tofuture. We are committed to bulldlng skill8 and 8xperti88 acr088 th8 organi88tion and provlde mentoring and 8UPPOrtfclrall new &£arter8. Th8 Board ofTru8t88818 alw8y8 Impre888d bythe ongolng commltmentofthe 8taff andyoung p8oplewho 8ngag8 acr088 allour 8eNlce8. the qu8iityofourwork and our offer18 reuarrt upon havlng Staff and volunt88r8 who can deliver 8U8talned outcom88. The 8taff team contlnueto d8velopthelrexi8ting partn8r8hip8 88 well a8 cre8ts new partn8r8hlpsto bulld a robu8t offer aGr088 our 88Nic88. We are commrtt8d to buiLdlng on each other'8 exp8rt1se, sharlng 8kil18 and bring In targeted 8kill8 where needed. We work acr088 the youth 88ctor 8nd cre8tlng Ilnks wrth now organi8ation8, 80 we continue to extend our reach In Llne wlth young p8ople'3 needs and 88piration8. MatthewWal8ham Pollcy and R88earch Lead Communlcatlon8 Lead Rianne William8 Sandra Vacci8n8 Improvlng Practlce Laad Strateglc Dlr8Ctor Event8 end Tralnlng Lead Youth Reg8arch Prolect Le8d Youth R8geareh Ofncer Sharon Long Zoe Natlon Ir18 B08 Nor8 Z18 Zhane Decembre Chlldren In C8re Development Offlcar Chlldren In C8re Developmant Offlc8r Lou188 Foyla Vlctorf8 Odude Chlldren In C8re Development Offlcer 88nc18 Wllll8ms Chlldren In Care Development Offlcer (left November 23) Youth Volc8 and Engagement Offlcer (left January24) Shelby Davle3 Over the ￿StY88r w8 have young people have sh8ped the workwe offer. led projects and brought in a r8nge of dfv8rs8vlews 8ncl 8xp8rf8nc88 to the organlsatlon. Their 8UPPOrt ha8 been invaluable, and wa would Ilke to thank: Peer Re88arch Advi80ry Board. Reglna. Tan18ha, Sky8, Halder, Kaylah, Flrdaus. Syed8 Authorlng Our Own Storle8: Yezl. Camron, Mo8hood, Zl, Llng HAYN R88e8rcher8: Trl. Cindy. Ther888. K8ra. Rum8n, Malaka. 22 Partnership for Young London Chlldren In Care Counell Advlsory Board: Sarge. L8treec8, Chartle, S8nc18. Reece. Brle. Opeyeml. AaLlyah. Slroun Good Thinking Health Ambassadors: Salem. Izzy. Hebe, Imogen. Katie, Makeda, Rhea Mentsl HeaLth Youth Board . Syeda. Vlctorfa. Dylan. Mauha. Opeyeml, Rhea Youth SoclalActlon T88m: Oskar. N881r and Mu88 2. Flnanclal Revlew Revl8w of tho Flnanclal Po8ltlon The flnanclal Statements Show a deflclt of £(194) (2023: deflclt1£53.636)). In addltlon. galn3 on Inv88tments were £9.&35 (2023: I088e8 (£2,244)) Showing a Net Fund Movement of £9.241. (2023: (£55.880)). The Balance 8h88t 8how8 Net A88et8 amounting to £453,097 (2023: 443.858) ol whlch £59.127 (2023- £72.666) Is held In unr8Strlcted res8rv88. Ruems Poucy The Trustwasestabllshed In 1997wlth an endowmentof £181.405 fromtheformer London and South Ea8t ReglonalAdv180ry CounGllfor Further Educatlon. No re8trictlon8 were placed on tha ability of the Tru8tee8' to convert th18 endowment Into Income If requlred for the purp0888 of the Tru¥(. Parthershlp for Youn8 London'8 pollcy on re88rve8 18 to hold 8ufflclent re80urce8 to continue the charitable actlvftle8 of the company In the event of adver8e ca8h flow movements and 8UPPOrt the funding of urfore8een project8. The Boerd of Tru8tse8 agreed that re8er￿a8 be equlv8lent to three months operatlng c08tg. plu8 enough fund8 to wlnd-up the company should that be n8c8888ry. Th8 pollcy18 ravl8w8d 8nnu8lly. PYL almg to mlnlmlseth8 Imp8Ctthat tha curr8ntfln8ncl8l sltU8tlon Is havlngon Its reserves through Careful monltorlng of exp8ndlture, overseen raguL8rly at board meetlngs. A balanced budget has been formulated for the 2024125 operating year whlch accounts for 8ufficient reseNe8 to remaln available to cover the need8 of the Re8erve8 Poucy. Golng ConMrn The Tru8t8e8 con8ider the Charrty to be a going concern for the ft>r8888able future a8 detaiL8d in th8 Accounting Polici88 nots 1 b). 23 Partnership for Young London •J 24 Partnership for Young London Invo•trnorrt Poucy The chari￿8 inve8tment8 are held in unlts of the cty of London Charftles Pool. The Ch8rltla8 Pool Is an inveBtrnent mechanism operatlng In a 8imilarwayto a unlt tru8t. It 8n8bLe8 the city of London to "pool" Small charitable investments together and con88quently obt8ln batter returng than would b8 the case if inve3tmerrt8 were made indivldually. The Investment poliw of tha Charitie8 Pool18 to provid8 a real incre88e In annual Income In the long term whilst pre8eNing the value of the capitaL ba88. Th8 annual report and flnancl8l 8tatem8nt8 of the Charitie8 POOL are available from the Chamberlain of London. 3. Plans forfuturn Perlod8 To continue to champion and promote the rl8hts and needs of young people and the servlceB that 8UPPOrt it. 4. Statemont of Tru8tO8'8 R08pon81blllt188 The Trustee8 (who are aL80 dlrectors of Partnership of Young London for the purp0888 of Company Law) are r8sponslbleforpreparfngtheTrustee3' Roportand FlnancialStatsrn8nts in accordancewfth appllc8bLe I8W and Unlted Klngdom Accounting standard8 rt Natk)nal House Froject | HAYN Youth Network | Trust for LorKlon Mayors Fund for London City 8rldg8 Trust 2 Cty Bridge Trust 3 Clty Brldge Trust 1 Digital Champion8 , London CICC 19.967 19,987 11.￿, 11.9001 8,000, 91.303, 91.303, 8,7CiO' 8.TooI 10,CO), 52,450, 52,450: 51.000 20,870. 20,8701 10.7561 74,4401 74.4401 95.506. 94,8211 94.821 i 112.6921 89,825 89,825, 87.(XK)j 16.900. 16.900. 29,017 29.0171 NYA Bur8aries National Cornmunty Lottery Rocket Sclence Mu8eum of Lonck)n 11,950, GLA Youth Social AGtian Programme Contrlbutlons Totsl Donation8 and Legacle8 ' Income from Inve8tments.' investment dmdend br￿orne Interest on cash thqlances Total Incomo from Inve8tments Other Income.. 6,5001 6.500 524,693 524,6931 497.104 3.198 3,810 4331 6.361. 3,198,, 8,141 Other Total other incorne 'Total Income 5.435 5.435, 15,691 5,435,, 15,691 3,198 624.693 539,687 520,936 11.796 ht arthershi 32 Partnership for Young London Expondlture on Ra181ng Fund8 Part of the Staff costs for the year of £27.111 {2023: £25.754) wa8 In r8latlon to fundralslng including getting member8hip8. don8tlons and grant Income. 5. Exp•nditur8 on Charftablo Actlvltl88 Outgoing resources are 8xpended on ch8rltable activities such 88 8tsff c08ts, indlrect staff 8XP8ndtture. 8uch as tralnlng. webstte malntenance and other 8uppLies and 8eNlc88 and governance c08t8. such as audlt fees. Expendlture for the year amounted to £512,770 (2023 - £548.818) of whlch £10,000 was Other unrestrfcted costs {2023 - £7000). £487,535 (2023: _ £535,218) w88 r88trlctsd and £15.235 wa8 unr8Strlcted (2023 - £6,602). This is broken down 8S.. follow8: U nre8trlct•(I Fund e8trlcted Fund 2024 Totsl 2023 Total Dlrect C06ts: Staff costs 294,267 180,398 294,267 180,396 3,288 1.949 21,972 900 602.770 256.200 Consultants l Dlrect costs Offte expens88 ComFJUter costs other 1,309 576 15,￿6 6.737 900 205(K) Governanco- examlnallon fees 16.236 487.636 541.818 6. Stsff costs The avera88 full-time equiv81ent number of people dlrectly undertakingactivitie8 on behalf of the harity duringth8 year w88 12 {2023: 11) Amounts paid in re8pect of employees d1￿ctLY for undertaklng charitsble activitias and to r8is8 fund8 on behalf ofthe charitywere as foLLows (988 Note: 4 and Staff Casts Not8: 5): 2024 2023 Salari88 and w8iie8 Natlonal Insurance costs Emplo) ef8 penslon contrlbutlon8 Totsl emolument8 of 6mploy8e8 280.759 23,231 17.388 321,378 243.994 22,390 15.570 281,954 No employees. emoluments were in 8xce88 of £60,000. 33 Partnership for Young London 7. Other Expondlturo Other expenditure amounted to £10,000 {2023: £7.000) and 18 in r8l8tion to manag8mentfees. 8. Trust￿ Expenses The Trustses received no remuneration cluring the year. No tr8vel c08t8 were relmbursed to members ofthe Board. Investmont Assets The value and cost of investments comprise8: Market Value 8t 1 April Net investment galn on revaluatlon Market Value at 31 March 96.349 9.435 105.784 98.593 (2.244) 98.349 Cost at 31 March UnltB In Charltle8 Pool 74.999 10.838 74,999 10,638 The majorlty of the charty's surplus fund8 are invested within the Charrti88 Pool edmin18tered bythe City of London Corporation and the interest 18 received from the Ch8mberl8ln of London on b818nc88 held on behalf of Partner8hlpforYoung London. The Investments are m8nageLI tyArtemis Investment M8n8gement LLP and the performance of the fund is measured againstthg fund manager b8nchmark (FfsE ALL Share Index) htt rtnershi ou lo 34 Partnership for Young London 8. Invostmont A8SOt• Icontinu8d) Overthe course of 2023124 the Charltle8 Pool Inv88tment 8tr8te8y dalfv8red an ab80Lute retum (8r088 of f898) of +14.18% which w88 above the FfsE All Share Index benchmark return of +8.43% (2022123: the Investment 8tratew gained +2.22% v8r8U8 +2.92% from the benchmark). thr the longer term three and flve year horlzon. the Ch8rltl88 Pool contlnues to outperfonn the FfsE All Share Index a8 8hown In thetsble below. The Ch8rltle8 Pool Invests In the Artemi8 Income (Exclu8ion8) Fund. whlch Is an uncon8traln8d. multl-c8P Strategy that alms to generate a ri8ing income 8trearn eomblned MAth long-term cepltal growth. Th8 Fund Invests in UK equitle8. and can al80 hold intematlon8l equltlas and bonds. Share8 In companle8 that derive moro than 20% of thelr ravenueg from tob8CCO. gambung. weapons and fo88ilfuel8 are excluded. 31 March 2024 31 March 2023 3y8ar 5 y8ar 3y8ar 5y8ar +14.08% +5.6496 Fund +9.03% +7.62% FfsE All Share +8.05% +5.44% +13.81% +5.04% Fund OLrtP8rformance +0.98% +2.18% +0.25% +0.6% Geo8raphlcal spreed CHARrnES P(X)L MARKEf VALUEAT 31-MAR-2024 A888t TypelLocation Amount Equltl88 Unltsd Klngdom Europe Japan (Ovars8a8) 84.14% £20.376,229.62 9.13 £2.211,393.33 1.82% £441,415.81 Equiti88Totsi £23.029.038.76 Pooled Investments Unlted Klngdom 3.73% £903,303.21 Pooled Inve8tment8 Total £903,303.21 Ca8h 1.1846 £284.625.63 Charlt188 PoolTotal £24.216.967.80 ij oun lorKlon.o 35 Partnership for Young London 10. Debtor8: 2024 2023 Trade Debtors Other Debtors 266,653 49,484 266,653 49,484 11. Cr8ditor8: Unr88trlct8d Fund 2024 2023 Accruals and deferred Income Trade Credltors HM Revenue & Customs Other Creditors 1.800 3.400 980 1.800 17119 55 6,180 18.974 12. Analyslg of Net as8•ts by Fund at 31 March 2024 Unrestrlcted Endowrnent ,' R8Strlcted Total Funds 2024 Total Flxed Asset3 Invèstments Total Flxed A8set8 Current assets Current liaLxlities Totsl Net A88et8 1 (Ilabllltle8) 105,7841 105,7841 96.349 105.784, 105,7841 96,349 26,5081 261,678 353.493, 366.481 18.974 132.2921 281.878. 453.0971 443.856 65,307, 6,1PII.; 59,1271 12a Analy818 of Not a880t• by Fund at 31 March 2023 Unrestrlcted Endowmenl Restrlcted Funds Funds Fund8 Totol Totsl Flxed A6set8 IrNestments Total Flxed A888ts Current assats Current labilities Total Net As8ats l (Ilabllltles) 96,349 98,593 96.349 98,593 251,631 366,481 403,532 18,974 2,389 261.631 443.856 499,736 96.349 23.310 91,540 18,974: 72,566 119,859 htt rtnershl fo un london.0 36 Partnership for Young London 13. Movement of Fund• during the yoarto 31 March 2024 Balan￿ at 1 Aprll Incomlng | Outgoing 2023 1 resources re8ourGes TransfergNet Gains on Balanoe at 31 Revaluation j March 2024 Unrestrlcted General furKI Restrlcted General ￿ndS EX￿ndable ernyowment fvnd Restrlcted Fund Total Fund8 72,5681 11,7961 61,1171 (54,61n.I 119,659. 3,198, 251,631" 463,5161 IW,029)1 443.866; 539.887 | (539.881) 1 59,127 9,435, i32,￿2 9,435, 453.097 Total r88tricted funds cn at the year-end 8r8 £261,678 Including £6.500from GLA Youth Soc18l Actlon Programme which is shown as r88tricted generalfunds. 13a Movemont ot Funds durlngthe yearto 31 March 2023 TransferslNet Galns on Revaluation BalanGe at Incoming 1 Aprll 2022 resources Outgoiig resources Balance at 31 March 2023 Unrestrkted General fund Restricted G￿eral fijnds Èxpidable endowment fijnd Restricted Fund Total Fund8 72,945 1,122 118,093 3.810 307,576, 5CQ.395, (567,970), 499, 736. 520,936, (574.572)1 7,731 (5.480)1 (1.122). 72, (2.244>, 119,659 251,631 443,856 {2.244); htt 37 Partnership for Young London 14. Notes to tho tunds: Unregtrictsd Fundg Interest earned on ca8h baLanc08 and general donation8 8re creditsd to this fund each year. Surplu8 income In thls fund Is carrled lomard to be used In subsequentyears. This fund holds the investments at current market value. Dividend irrterest which 18 not held within the investment fund but IS transferred to the chariVs currerrt account. is alBQ credited to thi8 fund each year. Ro8trict8d Funds Consists of grant income received from third parties along with the a8sociated expenditure. Any unspent income at the end of the financialyear 18 held in this reserva to be u88d in future period8. 15. R•latsd Party Transactions The followlng dlsclosures are made In recognitlon of the prlnclples underLylng Accountlng 8nd Reporting by Charities {FRS 102) concerning related party transactions. Durfng 2023 & 2024 three grants of £nil (2023- 210,000), £nil (2023 - £56.000). and £52.450 (2023- £51,000) were received from The City Bridge Tru8t. The Trust h88 Investment3 In the city of London Charltles Pool of vthlch the city ol London Corpor8tlon18 also a Trustee. Investment Income from the Ch8rltle8 Pool durlng 2023 amountsd to £3.198 (2023 £3,810). artn un tondon.o 38