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2022-03-31-accounts

Youth Talk Limited Trustees Annual Report and Unaudited Financial Statements Year ended 31 March 2022

Charity registation - 1063572 Company number - 03322319

Year ended 31 March 2022

Youth Talk Limited Annual report and financial statements

Contents

Contents
Reference and administrative details 4
Introduction 5
A word from our Chair & CEO 5
About us 7
Structure, governance and management 8
Constitution 8
Objectives and activities 8
Organisation 8
Trustees and offcers 8
Trustee, recruitment, induction and training 8
Public beneft 8
Risk assessment 8
Financial review 9
How we raised our money 9
How we spent your money 9
Staff remuneration 10
Reserves policy 10
The difference we’ve made 11
The coming year 13
Our 2021-2022 accounts 14
Statement of Board of Trustees’ responsibilities 14
A fnal thank you 15
Independent examiner’s report 16
Statement of fnancial activities 17
Balance sheet 18
Notes to the fnancial statements 19

Charity number 1063572 Company number 03322319

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Youth Talk Limited Annual report and financial statements

Year ended 31 March 2022

Reference and administrative details

Charity number

1063572

Company number

03322319

Registered offce

Lower Ground Floor Dagnall House 2 Lower Dagnall Street St Albans AL3 4PA

Trustees

Gaynor Cashin (appointed March 2022) Christopher Clulow Teresa Dalley Gareth Evans (Treasurer – appointed March 2022) Jackie Fowler (Chair) Dr Roger Gibbs (Stepped down September 2021) Susan Holliday (Treasurer – stepped down September 2021) Samantha Keith Margaret Thirlway (Secretary) Ian Woods

Chief Executive

David Barker

Independent examiners

Andy Nash Accounting & Consultancy Units 24 & 25 Goodsheds Container Village Hood Road Barry CF62 5QU

Principal Bankers

The Co-Operative Bank plc PO Box 101 1 Balloon Street Manchester M60 4EP

Charity number 1063572 Company number 03322319

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Year ended 31 March 2022

Youth Talk Limited Annual report and financial statements

Introduction

A word from our Chair & CEO

Thank you for all your help over the past six months. I will never be able to explain how much this has helped me. I feel the best I ever have and that’s down to having you to help me get through the hard days. I wish you all the best and thank you again. Always remembering you can’t have the good days without the bad.

Client of Youth Talk

2021 – 2022 has been another very difficult year for many young people. As COVID-19 restrictions relaxed in September 2021, schools started to get more back to normal – but with the arrival of the COVID-19 omicron variant over the winter months, school absences, disruptions and uncertainties continued. Young people are navigating a world full of challenges from personal to global, and the incidence of mental health issues of all kinds continues to rise – as we are all too well aware from national headlines.

We have seen this directly at Youth Talk. Demand for our service is unprecedented, and that pressure has led to the waiting list reaching a new high of 100 young people. Knowing these young people are waiting, struggling, unable to access help, drives us to innovate and grow as fast as we can.

This urgent need for growth and development drove the outcomes of our recent rigorous five-year planning exercise, where we consulted with many different people, reviewed our service, evaluated the changing needs of our community, and developed Youth Talk’s five-year plan. This challenges us to double in size over the next five years, to develop group work alongside individual counselling, to focus more on some under represented groups, to support people through the transition to university, to continue to attract experienced counsellors, and to evolve our fundraising to deliver the challenging targets that lie ahead. This plan was completed towards the end of the financial year 2021-22, including developing a detailed financial and fundraising plan, and work has already begun on the delivery of our agreed strategic goals. In the coming year we look forward to reporting on the progress we are making.

During the year we have continued to develop not just our funding but awareness of Youth Talk and its work. We have been privileged to be the chosen partner charity of the Mayor of St Albans Edgar Hill and his Mayoress Caroline Jane Lee. Together they have worked tirelessly to organise some wonderful events enjoyed by many and bringing not just income but stronger awareness of the mental health struggles faced by so many young people and the services offered to our young people by Youth Talk. Our sincere and grateful thanks to you, Edgar and Caroline, for all you have done.

Our thanks as ever go to our staff and counsellors who give their energy and commitment to Youth Talk. Over the past few challenging years they have continued to always give their best, adapting to rapidly changing needs, embracing new systems and ways of working, and continuing to ensure we are there for so many local young people. Our thanks too to our Board of Trustees who give their time, talents and skills to steward Youth Talk into the future.

We extend a huge and heartfelt thank you to every one of our supporters, funders and volunteers – who give, care, fundraise, organise, help, and spread the word. You are the network within the community who work so hard to make sure we can stand by the young people reaching out for help.

In December 2021 we said goodbye to our longstanding Operations Manager Jo Banks. During her 17 years of service Jo has embraced a multitude of challenges and been a constant stalwart: caring, thoughtful, efficient and effective. We also said farewell to our outgoing Treasurer Sue Holliday and past Chair Roger Gibbs – we thank you for giving your time, energy, and professional skills to Youth Talk for many years.

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Youth Talk Limited

Year ended 31 March 2022

Annual report and financial statements

In March 2022 we welcomed new Trustees: a new Treasurer Gareth Evans who brings a wealth of business and financial expertise and Gaynor Cashin, a former Headteacher and educational specialist. More recently we were delighted to welcome a newly retired GP David Hemsi to the Board. We have also welcomed our new Operations Manager Kaz Underwood in February, and two new counsellors also joined us across the year.

As this annual report is published, we are making plans to move into much bigger new premises on London Road in St Albans. As well as this significant challenge, we are planning to celebrate Youth Talk’s 25th anniversary. With our proud track record of lives changed, the main focus will be to look forward and focus on the need to grow, and we will use this as a springboard to reach out further, to raise more funds, to grow awareness further, and to be able to say yes to more young people who need help.

It will be an important year for Youth Talk with daunting new challenges ahead, not least the growing demand on the service and the significant funds that we need to raise to enable our plans for growth. But with all of you beside us, we are confident we can achieve the progress we need.

Thank you, as ever, for your vital support.

JACKIE FOWLER

DAVID BARKER

CHAIR

CHIEF EXECUTIVE

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Youth Talk Limited Annual report and financial statements

About us

I just wanted to send a message to let you know how incredible my therapist was! I feel I’ve progressed so much thanks to our time together. Thank you for existing as a local charity, it means the world to me that I was able to access such quality counselling free of charge. Wishing you all the best!

Client of Youth Talk

Our vision

Every young person can talk to someone who can help with whatever’s worrying them.

Our mission

To provide the best possible mental health support to young people in St Albans and surrounding areas.

Our values

We are open and accepting

We do not judge. Whatever a young person is going through we take time to listen, understand and respond in confidence.

We always give our best

From the expertise and care of our qualified counsellors, to the professionalism of our staff, the energy, passion and creativity of our fundraisers to the ambition of our strategy – we always give our absolute best in everything we do.

We are stronger together

We can’t deliver our mission alone. By working with others we can achieve more and make a lasting difference to the lives of young people.

Our message to young people

When you need help, you can contact Youth Talk directly for free, confidential counselling support. Our expert team have time for you and provide a safe space to talk. We will listen, respond and support you with your mental health and emotional wellbeing.

Charity number 1063572 Company number 03322319

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Youth Talk Limited Annual report and financial statements

Year ended 31 March 2022

Structure, governance and management

Constitution

The Company was incorporated on 21st February 1997. The governing document is the Memorandum and Articles of Association adopted on that date and amended by special resolution on 5th June 1997. On 15th July 2004 a further resolution increased the limit on the number of trustees to 14; and on 24th September 2015 another special resolution removed the specific limits on the age of beneficiaries.

Objectives and activities

The charity’s primary objective is to improve young people’s mental health. This is delivered by one-to-one counselling, outreach and information services for young people.

Organisation

The Company is under the control of the Trustees who usually meet 6 times a year. The Chief Executive reports to the Chair of Trustees, and is responsible for all members of the clinical team and administrative/fundraising staff.

Trustees and officers

The names of the Trustees and Officers who have served during the year are shown on page 4 of this report.

Trustee, recruitment, induction and training

Trustees are appointed from people who have the necessary skills and experience to fulfil specific areas of need within the charity. In addition we look for individuals who have experience of or an interest in dealing with young people and their welfare.

New Trustees are provided with documentation to enable them to appreciate our objectives, organisation, method of operation and their responsibilities under the law. In addition, existing Trustees assist them in becoming fully conversant with their role.

Public benefit

The Trustees confirm that they have complied with the duty in Charities Act 2011 to have due regard to the Charity Commission General Guidance on Public Benefit, when reviewing their aims and objectives and in planning future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

Risk assessment

The major risks to the charity have been identified and documented for assessment. The Trustees and management have an ongoing process to review these risks via the charity’s risk register.

There are policies for Health and Safety, Safeguarding, Lone Working, Data Protection, Equality and Diversity, Grievance/ Harassment and Whistleblowing. All policies are reviewed regularly and updated as appropriate. Disclosure and Barring Service (DBS) checks are undertaken annually on each member of staff and our counsellors.

Clinical procedures are under the regular scrutiny of our consultant clinical supervisors, who review all cases considered to be high risk.

The Trustees and management regularly review operational processes to ensure ongoing delivery of activities. Investment in these processes is made as appropriate.

My counsellor was great. She really helped me. I feel like a different person to when I came in.

Youth Talk Client

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Year ended 31 March 2022

Youth Talk Limited Annual report and financial statements

Financial review

How we raised our money

The results for the year are set out on pages 17 to 30.

In 2021-22, we raised £376,857 to provide the best possible mental health support to local young people. Thanks to you, that’s just under a 10% increase on the previous year.

How we achieved this together …

•Community & Events £106,454
•Corporate fundraising £7,527
•Individual Giving £34,901
•Statutory Grants £120,460
•Trusts & Foundations £89,038
•Other income £18,477

Over the last year, we are incredibly grateful to have received grants from the following organisations: The Batchworth Trust, The Blandford Trust, Children in Need, Graham Rowlandson Foundation (via HCF) Hertfordshire County Council - Children and Adolescents Mental Health Service (CAMHS), Hertfordshire Community Foundation (HCF), Harpenden Building Society (via HCF), The Childwick Trust, St Albans District Council, The Masonic Charitable Foundation, The Garfield Weston Foundation, The Shanly Foundation, Mrs Smith & Mount Trust.

In addition, we are greatly indebted for the support shown from a large number of local organisations, sports clubs and religious organisations across the District which can be found on our website. In particular we are very grateful to the Mayor and Mayoress of St Albans City and District who over the last year selected Youth Talk as their chosen charity for the year, and worked tirelessly for the charity’s benefit.

This crucial funding has supported both the provision of our counselling services and our general operating costs.

How we spent your money

At Youth Talk, we pride ourselves on our focus. We place young people at the centre of everything we do, ensuring they’re supported by the expert care of our qualified counsellors and dedicated staff.

In 2021/2022 our total expenditure on running Youth Talk was £328,827. The breakdown of our spend was as follows:

Charity number 1063572 Company number 03322319

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Youth Talk Limited Annual report and financial statements

Year ended 31 March 2022

Staff remuneration

Youth Talk is committed to ensuring a proper balance between (i) paying the people who work for us fairly so that we attract and retain people with the right experience, skills and qualities and (ii) careful management of our charity funds. In so doing we ensure the greatest effectiveness in delivering our charitable objectives and meeting the needs of the local young people who need our help.

Our work is dependent on voluntary donations and we act in an open and transparent way that respects the money, time and energy given by donors and volunteers. In our commitment to openness, we disclose information about senior staff salaries within our annual report. This is in line with recommendations and guidelines from the Charity Commission and the National Council for Voluntary Organisations (NCVO).

In 2021 the Board of Trustees made a commitment to formally review staff remuneration annually and to also regularly review the sessional rates paid to our freelance counsellors, with a view to making changes if the charity is financially able to do so.

Reserves policy

The charity’s policy is to have sufficient resources to fund at least 6 months’ operations on hand at any given time. This is important so that in the event of the charity needing to cease activities we are able to operate for a period of at least six months in order to allow us to properly complete clinical programmes of counselling with existing clients.

Free reserves comprise the total reserves available to the charity, less those reserves which are restricted or designated for specific purposes.

At the year end our total reserves stood at £285,524 (2021: £237,494) with £50,000 (2021: £Nil) having been set aside for the new premises that are currently being found as noted on page 12 of this report. This leaves general reserves of £235,524 (2021: £237,494). This is within the current policy of holding at least six months of reserves.

As a result of the unprecedented demand on the service, the need to grow and scale up our counselling provision as well as the urgent need to secure new premises, we anticipate there will be significant pressure placed on our finances and reserves in the coming year. During the next financial year the trustees are also intending to review the reserves policy to ensure it is robust and fit for the challenges ahead.

During my time as a GP, I always viewed Youth Talk as the ‘Rolls Royce’ service for local young people struggling with their mental health and wellbeing. As a newly appointed Trustee I am now truly honoured to be part of this vital charity offering such an important and desperately needed service to our local young people.

David Hemsi Retired GP & new Youth Talk Trustee

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Youth Talk Limited Annual report and financial statements

The difference we’ve made

Last year in our annual report we set out some of the main priorities for the coming year.

So how have we done?

----- Start of picture text -----
What we said we’d do How did we do?
----- End of picture text -----

What we said we’d do How did we do?
Meet the growing demand
Over the coming year we plan to
grow the number of counselling
sessions we are able to offer each
week. By the end of the coming
year, we want to be in a position
where we are able to offer at
least
20%
more
counselling
sessions a week.		 It has been an extremely busy year, one in which we have seen unprecedented
demand on the service. We are proud to report that across the year we have been
able to signifcantly increase the number of counselling sessions offered to local
young people.
In 2021/22 we offered 4,304 counselling sessions – an increase of 32% on the
previous year.
During the year we increased our number of counsellors to eleven and also welcomed
an additional Clinical Supervisor to the team as well as a new Operations Manager.
We have also continued work on embedding our new clinical system into the day-to-
day workings of the charity. This has been a challenging project to implement but it
has given us a solid, secure platform from which to grow the service and increase our
effciencies, clinical insight and service reporting.
Despite this signifcant increase in the number of sessions we have been able to offer,
we have struggled to meet the demand and we currently have over 100 young people
on our waitinglist – the highest number we have seen in our 25year history.
Sustaining and growing our
income
In order to set us up to meet the
growing demand on the service
a key priority is to review our
fnances and identify the steps
we need to take to grow and
sustain our income.		 As outlined on page 9 we are delighted to report that despite the tough economic
environment we were able to grow our overall income by just under 10% (from
£341k to £377k) over the last year. We saw a strong showing from our community
fundraising efforts, helped by the support we received from being selected as the
Mayor of St Albans’ chosen charity.
Innovative work was undertaken this year to enable people to easily donate or give
regularly to the charity through our website. A signifcant amount of time and effort
has been spent developing the back-end systems to support this and we are delighted
that people can now easily give to Youth Talk via this route.
Across the year our Board reviewed progress against our fundraising strategy, our
fnancial targets and our priority areas of focus. We are pleased with the progress
we have made, but it is clear that we need to invest further in our fundraising efforts
in order to be able to provide the necessary resources required to scale up and grow
our counselling capacity in the future.
As such, the Board have agreed to a new fundraising structure and investment, to be
implemented from April 2022, designed to help us deliver an ambitious new fve-year
fnancial and operational plan.
Work has already begun on building the fundraising capacity we will require and we
look forward to reporting further on this next year.
In order to ensure we are able to grow, nurture and look after our supporters,
fundraisers and volunteers we have this year worked hard on the implementation of a
new supporter database which will enable us to develop more effective stewardship
and communication with our local community.

Charity number 1063572 Company number 03322319

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Annual report and financial statements

Youth Talk Limited

----- Start of picture text -----
What we said we’d do How did we do?
----- End of picture text -----

What we said we’d do How did we do?
A focus on our premises
Our current premises no longer
give us the provision we need to
run the service and a major focus
over the coming year will be to
fnd suitable new premises for
the charity.		 Across the year we have looked at a number of options for new premises for the
charity. We are delighted to report that we have recently agreed Heads of Terms
with St Albans District Council on a new property in central St Albans which will give
us a tremendous new home for the charity.
The new facility will give us nine counselling suites (up from three), a waiting area
for our young people, proper offce space and capacity to run group sessions in the
future which is an area we identifed as a priority as part of our fve-year strategy.
Detailed negotiations are currently underway on the lease agreement, and we are
currently securing contractors to assist us with the ft-out work that will be required.
It is our intention to be in our new space byearly2023.
Finalising & embedding our fve-
year strategy
In the coming year we will
consolidate and complete this
work and build a clear and
ambitious
operational
and
fnancial plan for Youth Talk’s
next fve years, supported by a
clear and ambitious fundraising
plan.		 During the year the Board agreed the key areas of priority for our fve-year strategy
(2022-2027) as follows:
Grow our psychodynamic therapy capacity
•Over 5 years, to double the total number of counselling sessions we offer
(from 100 sessions a week to 200)
•Introduce group-based counselling work
•Invest in additional counselling resource (and associated supervision) with a
focus on developing our recruitment practices in order to continue to attract
high calibre counsellors
Extend reach within the following areas:
•Support for 17-19 year olds during any transition period when moving away
from St Albans to University etc
•A focus on encouraging under represented groups to access the service
Priority focus on securing new premises for the charity
Investment in fundraising in order to grow income
•We have set an ambitious stretch target for fundraising over the coming
year where we need to raise over a third more income (£506k)
•In order to achieve this we will invest in fundraising resource in order to
grow fundraising
•Invest in and develop a volunteering programme (volunteer led fundraising)
Ensuring a strong and scalable platform to enable our future growth plans
•Appropriate investment in IT, clinical systems, supporter database and the
necessary supporting infrastructure etc
Good progress has been made to develop a detailed fve-year fnancial plan to help
us deliver the fve-year strategy and in tandem time has been spent reviewing our
fundraising capability and strategy.
Due to other organisational pressures, work has been delayed on turning the high-
level goals into a detailed annual operational plan and a set of organisational KPI’s
but this will be a focus for us over the coming year. In the meantime, the key strategic
aims agreed drive our detailed ongoing planning.

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Youth Talk Limited Annual report and financial statements

The coming year

In the coming year we intend to focus our efforts on the following key priorities:

Growing capacity and helping more young people

Over the coming year we intend to grow further the number of counselling sessions we are able to offer each week. By the end of the coming year, we want to be in a position where we are able to offer at least 20% more counselling sessions. This will mean that we will be supporting up to 120 young people every week. In order to achieve this growth we will need to make further investment in our professional counselling team and the associated infrastructure required in order to deliver this increase.

Piloting and roll out a new provision for group counselling

As part of our five-year strategic goals we will over the coming year begin to scope and pilot a new group counselling provision for local young people.

Sustaining and growing our Income

As part of our five-year strategy, we have agreed a new financial plan for the charity. Our most ambitious fundraising target to date has been set for the coming year and we are aiming to raise in excess of £500k.

In order to deliver this we will increase our fundraising capacity, develop a new team structure and ensure we have the necessary systems and processes in place to develop a strong foundation for income generation. We will focus on growing our individual giving portfolio in order to provide us with greater security for the future and we will concentrate our efforts on growing our income from Trusts and Foundations. In parallel we will actively work on establishing and strengthening our supporter base and growing a volunteer led fundraising model.

Over the coming year we will also use our 25th Anniversary as a strong platform for heightened awareness and call for support.

A new home for Youth Talk

As mentioned earlier we have agreed a Heads of Terms for a new home for the charity in central St Albans and over the coming year there will be an intense focus on finalising all of the legal/practical requirements and refurbishing the premises so that it is fit for purpose and provides a fantastic base from which to deliver and grow the service over the next ten years and beyond.

Continued modernisation and building of a robust infrastructure to facilitate growth

We have worked hard over the last year to modernise and develop our internal infrastructure, systems, procedures and processes. Over the coming year we aim to build on this further, to unlock greater efficiencies and improved ways of working across the charity. In particular we intend to focus on:

Charity number 1063572 Company number 03322319

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Youth Talk Limited Annual report and financial statements

Year ended 31 March 2022

Our 2021-2022 accounts

Statement of Board of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the excess of expenditure over income for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the Trustees confirm that they are happy that the content of the annual review on pages 4 to 15 of this document, meet the requirements of both the Trustees’ Annual Report under charity law and the Directors’ Report under company law.

They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s governing document, the Charities Act 2011, the ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Trustees confirm that:

• so far as each Trustee is aware, there is no relevant information of which the Charity’s independent examiner is unaware; and,

• each Trustee has taken all the steps that they should have taken as a Trustee/Director in order to make themselves aware of any relevant independent examination information and to establish that the Charity’s independent examiner is aware of that information.

Preparation of the report

This report has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006, and the exemptions available for smaller charities under the Statement of Recommended Practice.

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Youth Talk Limited Annual report and financial statements

A final thank you

This has been another very challenging year for so many of our local young people, who have turned to Youth Talk to help them through a difficult time.

We could not have been there to support so many young people and achieved what we have over the last year without YOU and we send all our supporters, friends, volunteers and partners a most heartfelt THANK YOU for continuing to support Youth Talk and the young people we are able to help across the District.

We know that the coming year is going to bring ever greater challenges for Youth Talk – in terms of meeting the anticipated and significant growth in demand for our service, getting us into a new home whilst facing a challenging year of very ambitious fundraising ahead of us.

We have a duty to every young person experiencing mental health challenges to do everything we possibly can to make sure Youth Talk is there for them when they need us.

Thank you so much in advance for your continued support and everything you will do for us over the coming year. We could not deliver this vital service without you.

This report was approved and authorised for issue by the Board of Trustees on 21 July 2022 and signed on its behalf by:

JACKIE FOWLER

CHAIR OF TRUSTEES

Charity number 1063572 Company number 03322319

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Youth Talk Limited Annual report and financial statements

Year ended 31 March 2022

Independent examiner’s report

I report to the Trustees on my examination of the accounts of Youth Talk Limited (charity number 1063572, company number 03322319) for the year ended 31 March 2022 which are set out on pages 17 to 30.

Respective responsibilities of trustees and examiner

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). The Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (‘the 2011 Act’) nor under Part 16 of the 2006 Act, and that an independent examination is needed. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, it is my responsibility to:

This report, including my statement, has been prepared for and only for the Charity’s Trustees as a body. My work has been undertaken so that I might state to the Charity’s Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

ANDREW PHILIP NASH ACA

MEMBER OF THE INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES – 2461833

DATED: 21 JULY 2022

Andy Nash Accounting & Consultancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road. Barry CF62 5QU

Charity number 1063572 Company number 03322319

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Year ended 31 March 2022

Youth Talk Limited Annual report and financial statements

Statement of financial activities

Incorporating the Income and Expenditure Account & Statement of Realised Gains and Losses

For the year ended 31 March 2022

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
5 & 6
Charitable activities
5 & 7
Total expenditure
Net income/(expenditure)
Reconciliation of funds
Total funds brought forward
12 & 13
Total funds carried forward
12 & 13		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
Year ended
Year ended
Year ended
Year ended
31-Mar-22
31-Mar-22
31-Mar-22
31-Mar-21
£
£
£
£
188,583
66,978
255,561
227,983
120,460
-
120,460
113,095
836
-
836
-
-
-
-
73
309,879
66,978
376,857
341,151
67,690
-
67,690
46,943
194,159
66,978
261,137
251,302
261,849
66,978
328,827
298,245
48,030
-
48,030
42,906
237,494
-
237,494
194,588
285,524
-
285,524
237,494

The notes on pages 19 to 30 form part of the financial statements.

Following the appointment of a new independent examiner, the Charity carried out a review of its fund allocation model and has subsequently redesigned the model to more suitable reflect the areas of work the Charity is engaged in. As a result, the prior year expenditure figures have been reallocated to reflect this change. Total expenditure remains unchanged.

In addition, income has been reallocated to more accurately represent the correct headings under the SORP, and the prior period figures have been represented to reflect this. Total income remains unchanged.

Charity number 1063572 Company number 03322319

17

Youth Talk Limited Annual report and financial statements

Year ended 31 March 2022

Balance sheet

As at 31 March 2022

Notes
Fixed assets
Tangible assets
9
Current assets
Debtors and prepayments
10
Cash at bank
Total current assets
Creditors:
Amounts falling due within one
year
11
Net current assets
Net assets
Funds of the charity:
Restricted funds
12 & 13
Unrestricted funds
General funds
12 & 13
Designated funds
12 & 13
Total unrestricted funds
Total funds		 £
25,121
262,116		 Total
Funds
31-Mar-22
£
2,970



282,554		 £

4,825
233,854		 Total
Funds
31-Mar-21
£
3,858



233,636
287,237
(4,683)		 238,679
(5,043)
235,524
50,000


237,494
-
285,524 237,494
-


285,524		 -


237,494

285,524 237,494

The notes on pages 19 to 30 form part of the financial statements.

The financial statements have been prepared in accordance with section 415A of the Companies Act 2006 relating to small companies and FRS 102 Section 1A.

The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 31 March 2022, and the members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2022 under section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

They were approved and authorised for issue by the Board of Trustees on 21 July 2022 and signed on their behalf by:

JACKIE FOWLER

CHAIR OF TRUSTEES

Charity number 1063572 Company number 03322319

18

Year ended 31 March 2022

Youth Talk Limited Annual report and financial statements

Notes to the financial statements

1. Accounting policies

Basis of preparation of the financial statements

The financial statements have been prepared in accordance with ‘Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), including Update Bulletin 1, and the Companies Act 2006.

The effect of any event relating to the year ended 31 March 2022, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2022 and the results for the year ended on that date.

The functional currency of the Charity is GBP and amounts in the financial statements are rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment, and the ongoing global COVID-19 pandemic has had no material impact on this assessment.

Legal status

Youth Talk Ltd is a charitable company registered in England & Wales and meets the definition of a public benefit entity. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member. The registered address is Lower Ground Floor, Dagnall House, 2 Lower Dagnall Street, St Albans, AL3 4PA.

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in note 12 of the financial statements.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 12 of the financial statements.

Income

Income is recognised when the Charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable. Client contributions are classed as donations as they are entirely voluntary and do not impact access to service.

Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.

Income from charitable activities and other trading activities is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific future period or event, in which case it is deferred, except for tickets sales and bar revenue which are recognised on a cash basis.

Charity number 1063572 Company number 03322319

19

Youth Talk Limited Annual report and financial statements

Year ended 31 March 2022

1. Accounting policies (continued from previous page)

Expenditure and irrecoverable VAT

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated between activities proportionate to the direct costs incurred in those activities.

Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their residual value, over their useful life, on a straight-line basis. The useful life used is:

Computer equipment 3 years Office equipment 5 years

Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.

Debtors and prepayments

Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors and accruals

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.

Pensions

The Charity operates a defined contribution pension scheme which is administered by an external independent pension provider. Contributions are recognised in the Statement of Financial Activities as they fall due.

Financial instruments

Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

Critical estimates and judgements

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. The treatment of tangible fixed assets is sensitive to changes in useful economic lives and residual values of assets. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

Charity number 1063572 Company number 03322319

20

Year ended 31 March 2022

Youth Talk Limited Annual report and financial statements

2. Comparative statement of fnancial activities

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
5 & 6
Charitable activities
5 & 7
Total expenditure
Net income/(expenditure)
Reconciliation of funds
Total funds brought forward
12 & 13
Total funds carried forward
12 & 13		 Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Mar-21
31-Mar-21
31-Mar-21
£
£
£
169,130
58,853
227,983
113,095
-
113,095
-
-
-
73
-
73
282,298
58,853
341,151
46,943
-
46,943
174,449
76,853
251,302
221,392
76,853
298,245
60,906
(18,000)
42,906
176,588
18,000
194,588
237,494
-
237,494

Charity number 1063572 Company number 03322319

21

Youth Talk Limited

Year ended 31 March 2022

Annual report and financial statements

3. Income from donations and legacies

Year ended 31 March 2022
Donations
Grant income
Year ended 31 March 2021
Donations
Grant income
HMRC Coronavirus Job Retention Scheme		 Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Mar-22
31-Mar-22
31-Mar-22
£
£
£
151,919
-
151,919
36,664
66,978
103,642
188,583
66,978
255,561
Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Mar-21
31-Mar-21
31-Mar-21
£
£
£
95,020
-
95,020
74,110
57,700
131,810
-
1,153
1,153
169,130
58,853
227,983

Income has been reallocated to more accurately represent the correct headings under the SORP, and the prior period figures have been represented to reflect this. Total income remains unchanged.

4. Income from charitable activities

Year ended 31 March 2022
Contracts for services
Year ended 31 March 2021
Contracts for services		 Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Mar-22
31-Mar-22
31-Mar-22
£
£
£
120,460
-
120,460
120,460
-
120,460
Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Mar-21
31-Mar-21
31-Mar-21
£
£
£
113,095
-
113,095
113,095
-
113,095

Income has been reallocated to more accurately represent the correct headings under the SORP, and the prior period figures have been represented to reflect this. Total income remains unchanged.

Charity number 1063572 Company number 03322319

22

Year ended 31 March 2022

Youth Talk Limited Annual report and financial statements

5. Total expenditure

ear ended 31 March 2022
. Total expenditure		 Youth Talk Limited
Annual report and fnancial statements
Year ended 31 March 2022
Raising funds
Charitable activities
Year ended 31 March 2021
Raising funds
Charitable activities		 Direct
staff
Direct
other
Indirect
Total
costs
costs
costs
costs
Year ended
Year ended
Year ended
Year ended
31-Mar-22
31-Mar-22
31-Mar-22
31-Mar-22
£
£
£
£
43,341
12,314
12,035
67,690
74,443
140,263
46,431
261,137
117,784
152,577
58,466
328,827
Direct
staff
Direct
other
Indirect
Total
costs
costs
costs
costs
Year ended
Year ended
Year ended
Year ended
31-Mar-21
31-Mar-21
31-Mar-21
31-Mar-21
£
£
£
£
22,734
13,334
10,875
46,943
61,451
131,632
58,219
251,302
84,185
144,966
69,094
298,245

Following the appointment of a new independent examiner, the Charity carried out a review of its fund allocation model and has subsequently redesigned the model to more suitable reflect the areas of work the Charity is engaged in. As a result, the prior year expenditure figures have been reallocated to reflect this change. Total expenditure remains unchanged.

Direct staff and other costs include costs that can be directly attributed to activities. Other direct costs relating to charitable activities includes clinical supervision costs, freelance counsellor costs, and costs relating to the clinical databse. Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated between activities proportionate to the direct costs incurred in those activities.

A breakdown of expenditure on raising funds between restricted and unrestricted funds can be found in note 6.

A breakdown of charitable expenditure between restricted and unrestricted funds can be found in note 7.

An analysis of staff costs can be found in note 8.

Charity number 1063572 Company number 03322319

23

Youth Talk Limited Annual report and financial statements

Year ended 31 March 2022

5. Total expenditure (continued from previous page)

Indirect costs consists of the following:

vernance costs includes:
Staff costs
Premises
Other people costs
Marketing and communications
Administration
Governance
Independent examination		 Total
Total
Funds
Funds
Year ended
Year ended
31-Mar-22
31-Mar-21
£
£
18,326
18,599
19,423
19,853
4,461
2,346
2,293
16,714
12,133
8,681
1,830
2,901
58,466
69,094
Total
Total
Funds
Funds
Year ended
Year ended
31-Mar-22
31-Mar-21
£
£
1,830
2,901
1,830
2,901

Governance costs includes:

Charity number 1063572 Company number 03322319

24

Year ended 31 March 2022

Youth Talk Limited Annual report and financial statements

  1. Expenditure on raising funds
Year ended 31 March 2022
Direct staff costs
Direct other costs
Indirect costs
Year ended 31 March 2021
Direct staff costs
Direct other costs
Indirect costs		 Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Mar-22
31-Mar-22
31-Mar-22
£
£
£
43,341
-
43,341
12,314
-
12,314
12,035
-
12,035
67,690
-
67,690
Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Mar-21
31-Mar-21
31-Mar-21
£
£
£
22,734
-
22,734
13,334
-
13,334
10,875
-
10,875
46,943
-
46,943

Following the appointment of a new independent examiner, the Charity carried out a review of its fund allocation model and has subsequently redesigned the model to more suitable reflect the areas of work the Charity is engaged in. As a result, the prior year expenditure figures have been reallocated to reflect this change. Total expenditure remains unchanged.

Charity number 1063572 Company number 03322319

25

Youth Talk Limited

Year ended 31 March 2022

Annual report and financial statements

7. Expenditure on charitable activities

Year ended 31 March 2022
Direct staff costs
Direct other costs
Indirect costs
Year ended 31 March 2021
Direct staff costs
Direct other costs
Indirect costs		 Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Mar-22
31-Mar-22
31-Mar-22
£
£
£
55,349
19,094
74,443
104,287
35,976
140,263
34,523
11,908
46,431
194,159
66,978
261,137
Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Mar-21
31-Mar-21
31-Mar-21
£
£
£
60,298
1,153
61,451
78,471
53,161
131,632
35,680
22,539
58,219
174,449
76,853
251,302

Following the appointment of a new independent examiner, the Charity carried out a review of its fund allocation model and has subsequently redesigned the model to more suitable reflect the areas of work the Charity is engaged in. As a result, the prior year expenditure figures have been reallocated to reflect this change. Total expenditure remains unchanged.

8. Staff costs

Gross salaries
Employers NIC
Employers pension		 Total
Total
Funds
Funds
Year ended
Year ended
31-Mar-22
31-Mar-21
£
£
126,938
96,197
5,914
4,198
3,258
2,389
136,110
102,784

The average headcount during the period was 6 persons (2021: 5 persons).

No employee received employee benefits of more than £60,000 (2021: NIL).

The total employee benefits paid to key management personnel during the year was £66,298 (2021: £69,468).

The Charity also employs a number of freelance counsellors and clinical supervisors on a freelance basis - these costs reflect within other direct costs in note 7 above.

Charity number 1063572 Company number 03322319

26

Year ended 31 March 2022

Youth Talk Limited Annual report and financial statements

  1. Tangible fxed assets
10. Debtors and prepayments
11. Creditors: amounts falling due within one year
Cost
As at 1 April 2021
Additions in year
Disposals in year
As at 31 March 2022
Accumulated depreciation
As at 1 April 2021
Charge in year
Disposals in year
As at 31 March 2022
Net book value
As at 1 April 2021
As at 31 March 2022
Accounts receivable
Prepayments
Other debtors
Accruals
Pensions payable		 Offce
equipment
£
515
-
-		 Computer
equipment
Total
£
£

12,210
12,725

600
600

(8,226)
(8,226)
515
4,584
5,099
15
104
-
8,852
8,867
1,384
1,488

(8,226)
(8,226)
119
2,010
2,129
500
3,358
3,858
396
2,574
2,970
Total
Total
Funds
Funds
31-Mar-22
31-Mar-21
£
£
13,251
-
11,719
4,825
151
-
25,121
4,825
Total
Total
Funds
Funds
31-Mar-22
31-Mar-21
£
£
3,858
4,364
825
679
4,683
5,043
  1. Debtors and prepayments

11. Creditors: amounts falling due within one year

Charity number 1063572 Company number 03322319

27

Youth Talk Limited Annual report and financial statements

Year ended 31 March 2022

12. Analysis of charity funds

outh Talk Limited
nnual report and fnancial statements
2. Analysis of charity funds		 Year ended 31 March 2022
Year ended 31 March 2022
Restricted funds
BBC Children in Need
KickStart
Masonic Charitable Foundation
Counselling services
Total restricted funds
Unrestricted funds
General fund
Designated funds
New premises
Total designated funds
Total unrestricted funds
Total funds		 Funds
Income
Expended
Transfers
Funds
brought
in the
in the
between
carried
forward
period
period
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
31-Mar-22
31-Mar-22
31-Mar-22
31-Mar-22
31-Mar-22
£
£
£
£
£
-
15,803
(15,803)
-
-
-
7,793
(7,793)
-
-
-
5,000
(5,000)
-
-
-
38,382
(38,382)
-
-
-
66,978
(66,978)
-
-
237,494
309,879
(261,849)
(50,000)
235,524
-
-
-
50,000
50,000
-
-
-
50,000
50,000
237,494
309,879
(261,849)
-
285,524
237,494
376,857
(328,827)
-
285,524

BBC Children in Need grant was awarded to provide counselling services.

KickStart grant was awarded to employ staff under the government KickStart scheme.

Masonic Charitable Foundation grant was awarded to extend the opening hours of the service to include Monday sessions.

Counselling services fund consists of a number of grants provided to support the counselling services offered by the charity.

New premises designated fund is funds the trustees have set aside to support the search for and fit out of new premises in the next financial year.

At the year end our total reserves stood at £285,524 (2021: £237,494) with £50,000 (2021: £Nil) having been set aside for the new premises that are currently being found as noted on page 12 of the trustees’ report. This leaves general or free reserves of £235,524 (2021: £237,494). This is within the current policy of holding at least six months of reserves. More details of the reserves policy can be found on page 10 of the trustees’report.

Charity number 1063572 Company number 03322319

28

Year ended 31 March 2022

Youth Talk Limited Annual report and financial statements

12. Analysis of charity funds (continued from previous page)

Year ended 31 March 2021
Restricted funds
BBC Children in Need
The Childwick Trust
Harpenden Building Society
Blandford Trust
Masonic Charitable Foundation
Government furlough grant
Total restricted funds
Unrestricted funds
General fund
Designated funds
IT spend
Total designated funds
Total unrestricted funds
Total funds		 Funds
Income
Expended
Transfers
Funds
brought
in the
in the
between
carried
forward
period
period
funds
forward
Year ended
Year ended
Year ended
Year ended
Year ended
31-Mar-21
31-Mar-21
31-Mar-21
31-Mar-21
31-Mar-21
£
£
£
£
£
-
34,295
(34,295)
-
-
-
20,000
(20,000)
-
-
8,000
3,405
(11,405)
-
-
5,000
-
(5,000)
-
-
5,000
-
(5,000)
-
-
-
1,153
(1,153)
-
-
18,000
58,853
(76,853)
-
-
160,088
282,298
(208,896)
4,004
237,494
16,500
-
(12,496)
(4,004)
-
16,500
-
(12,496)
(4,004)
-
176,588
282,298
(221,392)
-
237,494
194,588
341,151
(298,245)
-
237,494

The Childwick Trust grant was awarded to cover rental and overhead costs in the year.

Harpenden Building Society grant was awarded to provide counselling services.

Blandford Trust grant was awarded to support a database upgrade.

Government furlough grant was awarded to support furloughed staff through the HMRC Coronavirus Job Retention Scheme.

Charity number 1063572 Company number 03322319

29

Youth Talk Limited

Year ended 31 March 2022

Annual report and financial statements

13. Analysis of net assets

Year ended 31 March 2022
Fixed assets
Current assets
Current liabilities
Year ended 31 March 2021
Fixed assets
Current assets
Current liabilities		 Unrestricted
Restricted
Total
Funds
Funds
Funds
31-Mar-22
31-Mar-22
31-Mar-22
£
£
£
2,970
-
2,970
287,237
-
287,237
(4,683)
-
(4,683)
285,524
-
285,524
Unrestricted
Restricted
Total
Funds
Funds
Funds
31-Mar-21
31-Mar-21
31-Mar-21
£
£
£
3,858
-
3,858
238,679
-
238,679
(5,043)
-
(5,043)
237,494
-
237,494

14. Other fnancial commitments

On 31 March 2021, the Charity had annual future minimum lease payments under a non-cancellable operating lease for the office premises as set out below:

Within one year Total
Total
31-Mar-22
31-Mar-21
£
£
13,000
13,000
13,000
13,000

15. Trustee remuneration

During the year, no Trustee received any remuneration (2021 - £NIL). No members of the Board of Trustees received reimbursement of expenses (2021 - £NIL).

16. Related party transactions

During the year there were no related party transactions (2021 - Nil).

Charity number 1063572 Company number 03322319

30