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2023-03-31-accounts

Youth Talk Limited Trustees’ Annual Report and Unaudited Financial Statements Year ended 31 March 2023

Charity registation - 1063572 Company number - 03322319

Year ended 31 March 2023

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 14
Our 2022-2023 accounts 16
Statement of Board of Trustees’ responsibilities 16
A fnal thank you 17
Independent examiner’s report 18
Statement of fnancial activities 19
Balance sheet 20
Notes to the fnancial statements 21

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Youth Talk Limited Annual report and financial statements

Year ended 31 March 2023

Reference and administrative details

Charity number

1063572

Company number

03322319

Registered offce

64 London Road St Albans Herts AL1 1NG

Trustees

Gaynor Cashin Christopher Clulow Teresa Dalley Gareth Evans (Treasurer) Jackie Fowler (Chair) Dr David Hemsi (appointed 26 May 2022) Samantha Keith Alison Kiernan (appointed 19 January 2023) Margaret Thirlway (Secretary) Ian Woods (resigned 20 October 2022)

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

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Year ended 31 March 2023

Youth Talk Limited Annual report and financial statements

A word from our Chair & CEO

Introduction

I’m so grateful to Youth Talk and my counsellor, she made a real difference in my life and my overall well-being. Having someone to talk to without fear of judgment was exactly what I needed.

Client of Youth Talk

2022-23 has been another very busy, demanding but fruitful year for Youth Talk. We celebrated 25 years since Youth Talk was founded and used this anniversary as an opportunity to reach out to our community more widely, and as a springboard to grow further to help more young people. It has been a year full of milestones and important moments with much progress being made, as well as a few areas where we must challenge ourselves further in 2023-24. Most importantly, it has been another year of working with so many local young people, helping them to find ways to cope, come to terms with their feelings and move forward positively.

The highlight of the year was the move into our fantastic new premises at 64 London Road in May 2023 (falling just beyond this financial year being reported on). The move was the fruition of over a year of searching, negotiations, planning and refurbishment. But the wonderful resulting space is a huge step forward for our charity and sets the scene for all that Youth Talk can now do and deliver over the years to come. Our sincere thanks to our Trustee Gareth Evans for his expertise, and for the pro-bono project management support of John Valentine, whose skilled input brought invaluable expertise we couldn’t have managed without.

With success comes challenge – and the greatest one we have faced over the last year has been delivering the ambitious target we set to grow the number of counselling sessions by 20%. Sadly, this was not achieved across the year and we report in more detail on this in section five of this report. It has been a concern and disappointment for us all and is the core priority and focus for us in the coming year.

Linked to this challenge is our waiting list. While the number of young people waiting is down from its peak of over 100, waiting times to the first counselling session are still 3-4 months – much too long, when you feel desperate for help right now. In the current financial year, reducing waiting times is another major area of our focus.

In tandem, it has been a challenge to recruit new counsellors quickly enough. But with our move to our new premises and more space, we are now focusing on this area urgently as we are able to recruit into a really excellent working environment, without the previous concerns about capacity.

It has also been a challenging year for recruiting the fundraising staff we need, and we still have posts vacant. Our team have worked tirelessly to raise the funds needed but, as at March 2023, with less resource than planned, as well as the impact of the rising cost of living on disposable income, fundraising has been tough.

The final upshot is that we did not quite manage to achieve our ambitious financial target for the year. But – the wonderful news is that by launching a new building appeal, appealing to our donors, friends and community as well as to companies and grant-making trusts, we were able to finance fully the whole refurbishment of our new building. The result for the year means that we only just fell short of our original income target. This has been a fantastic success – but emphasises the even greater challenge to come in 2023-24 without such a tangible project to fundraise against.

Our sincere and heartfelt thanks to all the individuals, companies, trusts, and community organisations who have risen to the challenge and given, fundraised, donated their skills, services, time and products to Youth Talk – we thank each and every one of you. You stand alongside every young person whose life is changed by the expert counselling Youth Talk provides. Quite simply, we could not do this without you.

Developing group work was also one of the aims of our 5-year strategy (2022-27), and over the year we are delighted that we have been able to kickstart an exciting pilot project to look at how this new offer could be added to the choice of services we provide to young people and how this may help to provide support faster. Our thanks to the Harpenden Trust for making this possible.

Our amazing Youth Panel has been kept busy throughout the year, coming together to discuss, debate, create, share and laugh together, and contribute their collective wisdom to so many projects. They played a fundamental role in the design and development of our new home, so it was fitting to see them collectively cutting the ribbon on the night we informally

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Youth Talk Limited

Year ended 31 March 2023

Annual report and financial statements

opened 64 London Road. We are so grateful for their energy, ideas and challenge which keeps us on our toes and makes sure we put young people at the heart of all we do.

To celebrate Youth Talk’s 25th anniversary we held a special reception at St Albans School in September 2022 (particular thanks to Headmaster Jonathan Gillespie and the school for making it possible). We’d never seen an event like it with over 120 donors, friends, trustees, volunteers, staff and key members of our local community coming together to celebrate. We were delighted to welcome many dignitaries including our Founder Ida Fairbairn, our local MP Daisy Cooper and the Mayor of St Albans Geoff Harrison. Together we recognised both the many lives changed because of Youth Talk and the scale of the challenges ahead of us. A particular thank you to our brave volunteer Rosie for sharing her own personal story. We were also able to formally launch our new 5-year strategy as well as have the opportunity to thank so many people who have enabled Youth Talk to make such a difference to the lives of local young people.

During the year, we were sorry to say goodbye to longstanding Trustee Ian Woods, whose HR expertise and unfailing common sense have helped to steer many matters over many years. And we have been delighted to welcome new Trustee Alison Kiernan, who brings her HR and corporate experience to our Board.

Finally, as we set out into our 2023-24 financial year, we know we have many challenges ahead – to shorten the time a young person has to wait, to raise the funds needed in a difficult economic climate, to keep our counselling and fundraising teams growing, and to broaden our service. But with our fantastic new home as a base, and with the commitment, dedication and energy of our wonderful community of individuals, businesses, local organisations and other supporters, we know that together we are an unbeatable team who will be there for our local young people in the year to come.

JACKIE FOWLER

CHAIR

DAVID BARKER CHIEF EXECUTIVE

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Youth Talk Limited Annual report and financial statements

About us

You are all fantastic and I will always be grateful for the help. Services like this are so important and I feel very lucky to have been able to benefit from it.

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.

Alongside this we have developed a set of core organisational values that will guide our work over the coming years. These are as follows:

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.

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Youth Talk Limited Annual report and financial statements

Year ended 31 March 2023

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. Currently the Board works with a general organisational risk register and an additional safeguarding 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.

Thank you so much for your services and support. I have felt more understood & listened to here than any other mental health service.

Youth Talk Client

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Youth Talk Limited Annual report and financial statements

Financial review

Thank you so much for all the support and motivation you and your team gave. I thought the event was fabulous and I look forward to the next one!

Youth Talk Fundraiser

How we raised our money

The results for the year are set out on pages 19 to 31.

In 2022-23, we raised £479,366 to provide the best possible mental health support to local young people. Thanks to you, that’s a 27% increase on the previous year.

How we achieved this together …

Over the last year, we are incredibly grateful to have received grants from the following organisations: All Aboard, Batchworth Trust, Beds & Luton Community Foundation, The Blandford Trust, Chapman Charitable Trust, Childwick Trust, Graham Rowlandson Foundation (via HCF), Harlow Health Centre Trust, Hertfordshire County Council (CAMHS & Adult Services), Hertfordshire Community Foundation (HCF), Harpenden Building Society (via HCF), Masonic Charitable Foundation, National Lottery Community Fund, People’s Postcode Trust, St Albans District Council, St Albans Cathedral Mission Allocation, The Garfield Weston Foundation, The Shanly Foundation, Mrs Smith & Mount Trust, The Harpenden Trust.

In addition we are indebted to everyone who helped us raise the significant funds required to get us into our new home at 64 London Road: Axis Foundation, Batchworth Trust, Bernard Sunley (2023/24), Beatrice Laing Trust (2023/24), Blandford Trust, The Clothworkers Foundation, Hertfordshire Community Foundation, Rowlandson Foundation, Sandra Charitable Trust, Wendy Thomas Foundation.

In addition, we are greatly indebted for the support shown from a large number of individuals, companies, local organisations, sports clubs and religious organisations across the District, all of whom have helped us to continue to be there for our local young people. 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 2022/2023 our total expenditure on running Youth Talk was £442,117. The breakdown of our spend was as follows:

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Youth Talk Limited Annual report and financial statements

Year ended 31 March 2023

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’s 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).

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 six months in order to allow us to properly complete clinical programmes of counselling with existing clients. This is currently estimated to be around £200,000.

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

As outlined in note 12 of the accounts, at the year end our total reserves stood at £322,773 (2022: £285,524) with £50,000 (2022: £50,000) having been set aside for the refurbishment of the new premises which was completed in April 2023, and £63,490 (2022:£Nil) being restricted as to use. This leaves general reserves of £209,283 (2022: £235,524). This is within the current policy of holding at least six months of reserves as per the above.

Volunteering helps me as well the beneficiaries of the charity. It provides me with a sense of purpose and it’s rewarding to be part of a caring community. I was particularly keen to join Youth Talk because it provides a vital and unique specialist service for young people. It provides counselling to those who self-refer and who can then go on to live happier lives.

Gaynor Cashin Retired Head Teacher & Youth Talk Trustee

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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?
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.		 First and foremost a huge thank you to our clinical team and our clinical admin
team who support them. Their dedication, hard work and tremendous talent
continues to ensure that the young people we support receive such a high-
quality service that helps to change and save lives.
It has been a tough year for us in terms of delivery of our target number of
clinical sessions. Despite our ambition to grow our counselling by 20% across
the year we have unfortunately seen a slight reduction in the number of
counselling sessions we have been able to deliver.
Across the year we delivered 3,833 counselling sessions and initial assessments
(4,300 in 2021/22).
A number of factors have contributed to this:
1.
Departure of a couple of our regular counselling team due to them
taking on other commitments.
2.
Challenges of recruiting additional counsellors to the team fast enough
in order to meet the growing demand.
3.
The average length of time young people are staying in counselling has
increased to 24 sessions This is a worrying sign of the range and complexity of
the issues faced by many young people today; and also shows us that with the
scarcity of provision available, many more seriously unwell young people are
coming through Youth Talk’s doors needing help.
4.
Challenges of restricted counselling room capacity (in our old home)
with increasing numbers of young people requesting face to face rather than
remote counselling sessions via zoom.
5.
Growing demand on our ‘premium’ after-school counselling times.
Now we are in our new home our primary focus is to get our counselling
numbers back on track.

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Annual report and financial statements

----- 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?
Piloting and roll out a new provision
for group counselling
As part of our fve-year strategic goals
we will over the coming year begin to
scope, pilot and launch a new group
counselling provision for local young
people.		 We are delighted that a new group counselling pilot was successfully set up
over the last year in Harpenden.
This pilot project is assessing how group therapy could possibly support the
current Youth Talk therapeutic offer and create a dual pathway into the service
to provide benefcial choice for young people seeking help. A further beneft of
running a groups programme is to look at how groups could help us reduce the
growing waiting list times.
Our sincere thanks to the Harpenden Trust for providing the funds to run the
project and also to our two lead counsellors Sally and Emma who have made
this pilot possible.
The frst group course included fve young people and was focused around
the presenting issues of social anxiety. The sessions brought together young
people who were able to gradually gain confdence, open up, share their
feelings and gain strength by exploring issues as a group using art materials
so that participants could communicate with and without the need for words.
A second course is currently running after which a formal review will be
undertaken. After that, we are hoping that we can begin to scale the service
and add group counselling as part of the stable offer that Youth Talk provides.
Sustaining and growing our Income
As part of our fve-year strategy, we
have agreed a new fnancial 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.		 Our talented and hardworking fundraising team once again delivered an
impressive year end result (27% up on 2021/22). This is despite the challenges
we faced in terms of recruitment this year meaning that the fundraising team
was not at full capacity across the year.
However, despite not quite achieving our ambitious fundraising target this
year (£506k) we were delighted to have arrived at a fnal year end position of
£479k.
The star performance area this year has been income from Trusts and
Foundations which delivered an impressive £231k. This was bolstered by the
specifc income we were able to generate against the new premises appeal
and we are delighted to report that we have been able to raise all the money
required to get us into our new home at 64 London Road.
It was a particularly challenging year for community fundraising, something
that has been mirrored across the sector and as a result we have downsized
our ambition in this area for the coming year.
Our 25th Anniversary celebration in September 2022 gave us a good platform
to launch our new fve-year strategy and in tandem highlight the signifcant
fnancial challenges ahead of us. As a result, we have been able to secure some
additional individual supporters and corporate partners. This is something we
intend to build on further in the coming year.
Finally, we are particularly grateful for the ongoing work of our volunteer
Fundraising Strategy Group who have met regularly across the year to monitor
our fundraising performance and make recommendations and suggestions on
any changes of course in our fundraising focus.

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Youth Talk Limited Annual report and financial statements

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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 new home for Youth Talk
Over the coming year there will be
an intense focus on fnalising all of
the legal/practical requirements and
refurbishing the premises so that it is
ft for purpose and provides a fantastic
base from which to deliver and grow
the service over the next ten years and
beyond.		 Without a doubt one major focus for us over the last year has been in
negotiating and fnalising the lease and undertaking an extensive programme
of ft out works needed to transform 64 London Road into a wonderful new
home and centre for counselling. We now have eight counselling suites, proper
offce space for our clinical admin team as well as meeting space and potential
spaces for group counselling work going forwards.
The project has been a huge undertaking and we are enormously grateful for
all the hard work of our project manager John Valentine who very generously
volunteered his time and expertise.
Huge thanks also to our Treasurer Gareth Evans who was our lead Trustee for
the project and brought signifcant property experience and expertise to the
project.
Finally, our sincere thanks to our Operations Manager Kaz Underwood who
worked so hard with our Youth Panel to get our new home ft for purpose and
ready to receive our young people.
Our new home is the signifcant frst plank of our fve-year strategy for growth.
Counselling began at 64 London Road on the 8th May 2023 – a major milestone
for the charity and one we intend to build on in the coming months and years.
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 effciencies
and improved ways of working across
the charity. In particular we intend to
focus on:
•
the continued development of
our clinical system (Iaptus)
•
the full integration of our
fnancial systems with our supporter
database
•
development
of
our
supporter database to enable regular
communications with our supporter
base and volunteers
•
updating of our HR policies
and procedures
•
further development of our
website and social media channels.		 Across the year we have continued our ongoing programme of modernisation
and development of a strong infrastructure that will support our ambitious
growth plans. We have made good progress on the following:
•
Embedding our clinical system (Iaptus) into the day-to-day clinical work
and administration of the service including the development of a suite of
more meaningful reporting and management insight.
•
Thanks to our fundraising team we are delighted that our supporter
database (Donorfy) is now fully integrated with our fnancial system
(Xero). This has been a huge undertaking which has helped us to increase
effciencies and make more intelligent use of automated processes etc.
•
As a result of the above we are now able to monitor and collect gift aid
payments more regularly as well as use automated systems much more
effectively.
•
In addition, we were delighted this year to launch a regular monthly
supporters e-newsletter – an important part of our ongoing and regular
communications programme.
•
We are delighted to have recruited a new Trustee to the Board of Trustees
with specifc skills around HR. We will be working with her over the coming
months to revise some of our core HR policies and ways of working.
•
Our social media presence and followers have increased across the
year, and we have worked hard on a programme of regular postings and
engagement across our social channels.

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Year ended 31 March 2023

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

As mentioned earlier in this report it has been a tough year for us in terms of delivering our target number of counselling sessions. Our target of reaching 120 sessions of counselling per week was not achieved and our core focus over the coming year will be to:

• Successfully recruit 3 more counsellors to the team to increase our counselling capacity.

• Work with our Board of Trustees, clinical team and staff to review current ways of working and make recommendations to improve efficiencies and waiting times for counselling.

Roll out a new provision for group counselling

During the year we will extract the learnings from the current group counselling pilot in Harpenden and deliver a final report with clear recommendations for the future. These recommendations will be made to our Board of Trustees on how the charity might best scale a future group counselling provision and we will identify how we could secure the additional funds to deliver this new programme of work.

Over the coming year we are keen to continue to offer group counselling in Harpenden whilst also identifying ways to deliver some group counselling provision within our new home at 64 London Road.

Sustaining and growing our Income

With the growing societal concerns around young people’s mental health, we remain positive that we will be able to inspire and engage our local community to support us with our five-year strategy for growth. We are focused on growing our fundraising capacity to enable us to achieve an income target of £537k in the year ahead.

Trusts and Foundations have long played a vital role in Youth Talk’s income. After this year’s success we want to retain a similar momentum for the year ahead. We’re alert to how the charity sector’s needs mean funding pots are becoming saturated with lots of organisations in need of support yet Trusts are an important focus area of our time and resource.

As a charity providing a vital service to local young people, we firmly believe our community remains at the heart of all that we do. As mentioned earlier, community fundraising is proving tricky in the current financial climate and whilst we will continue to invest time and effort in growing this area we will pivot more effort into corporate fundraising and individual giving.

The local business community is very supportive of Youth Talk with many employing under 25 year-olds and with a responsibility to look after their employees’ wellbeing. Many small and medium sized companies want to be seen as actively involved with their local community. We recognise great potential to generate new income and corporate partnerships that will help companies to fulfil their Environmental, Social and Governance requirements (ESG).

With a loyal and growing number of individuals supporting us on a monthly basis, this helps provide us with much needed security. We are continually striving to improve our efficiencies through the use of our supporter database, Donorfy. We aim to build further on our regular e-newsletter and improved stewardship which will help us to further nurture relationships, sharing the impact our donors’ support has on the lives of our local young people.

Extending our reach – redressing the balance

As part of our five-year strategy commitment, we stated that we wanted to focus on encouraging under-represented groups to access our service – with a particular focus on encouraging more boys.

Over the year we will begin to identify some of the barriers that may prevent boys referring themselves into the service and in tandem look at ways in which we can begin to create a more representative balance across genders. We will work with our youth panel on this new area of work.

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Youth Talk Limited Annual report and financial statements

Continued modernisation and building of a robust infrastructure to facilitate growth

Good progress has been made in a number of areas of infrastructure improvements and organisational efficiencies over the last year.

Over the coming year we aim to build on this further, to unlock greater efficiencies and create improved/smarter ways of working across the charity. In particular we intend to focus on:

• Development of a suite of reports to measure and track progress against our operational plans and strategic priorities.

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Our 2022-2023 accounts

Statement of Board of Trustees’ responsibilities

The Trustees, who are also directors of the Charity for the purposes of the Companies Act, 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 income over expenditure 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 17 of this document meets 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.

Charity number 1063572 Company number 03322319

16

Year ended 31 March 2023

Youth Talk Limited Annual report and financial statements

A final thank you

What a year – one which has seen a number of historic milestones for the charity that will now set us on a good course for the future. Of course, none of this would have been possible without the unwavering support and hard work of so many individuals, groups, businesses and organisations. Whether it’s our Board of Trustees, staff team, clinical team, youth panel, supporters, volunteers, fundraisers – the list just goes on, and we thank you all.

We know from talking to our founder Ida Fairbairn at our special 25th Anniversary event in September 2022 that she could never have imagined the vital role Youth Talk was going to play in the lives of so many local young people. Our 25year journey has only been made possible by all of you. It is something we should all all be so proud of, as we acknowledge that as a result countless lives have been changed for the better and in some instances saved. Thank you.

We know that the coming year is going to bring ever greater challenges for Youth Talk – in terms of meeting our significant plans for growth against a backdrop of constant and increasing demand – whilst in parallel facing another challenging year of very ambitious fundraising targets.

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 our vital service without you.

This report was approved and authorised for issue by the Board of Trustees on 13 July 2023 and signed on its behalf by:

JACKIE FOWLER

CHAIR OF TRUSTEES

Charity number 1063572 Company number 03322319

17

Youth Talk Limited Annual report and financial statements

Year ended 31 March 2023

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 2023 which are set out on pages 19 to 31.

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

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies. 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 do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or,

• 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: 13 JULY 2023

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

Charity number 1063572 Company number 03322319

18

Year ended 31 March 2023

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 2023

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
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-23
31-Mar-23
31-Mar-23
31-Mar-22
£
£
£
£
136,975
206,547
343,522
255,561
129,942
-
129,942
120,460
5,902
-
5,902
836
272,819
206,547
479,366
376,857
96,162
7,570
103,732
67,690
202,898
135,487
338,385
261,137
299,060
143,057
442,117
328,827
(26,241)
63,490
37,249
48,030
285,524
-
285,524
237,494
259,283
63,490
322,773
285,524

The notes on pages 21 to 31 form part of the financial statements.

Charity number 1063572 Company number 03322319

19

Youth Talk Limited Annual report and financial statements

Year ended 31 March 2023

Balance sheet

As at 31 March 2023

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		 £
28,433
319,027		 Total
Funds
31-Mar-23
£
1,339



321,434		 £

25,121
262,116		 Total
Funds
31-Mar-22
£
2,970



282,554
347,460
(26,026)		 287,237
(4,683)
209,283
50,000


235,524
50,000
322,773 285,524
63,490


259,283		 -


285,524

322,773 285,524

The notes on pages 21 to 31 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 2023, and the members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2023 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 13 July 2023 and signed on their behalf by:

JACKIE FOWLER

CHAIR OF TRUSTEES

Charity number 1063572 Company number 03322319

20

Year ended 31 March 2023

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 2023, 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 2023 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 64 London Road, St Albans, Herts, AL1 1NG.

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

21

Youth Talk Limited Annual report and financial statements

Year ended 31 March 2023

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

22

Year ended 31 March 2023

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
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-22
31-Mar-22
31-Mar-22
£
£
£
188,583
66,978
255,561
120,460
-
120,460
836
-
836
309,879
66,978
376,857
67,690
-
67,690
194,159
66,978
261,137
261,849
66,978
328,827
48,030
-
48,030
237,494
-
237,494
285,524
-
285,524

Charity number 1063572 Company number 03322319

23

Youth Talk Limited

Year ended 31 March 2023

Annual report and financial statements

3. Income from donations and legacies

4. Income from charitable activities
Year ended 31 March 2023
Donations
Grant income
Year ended 31 March 2022
Donations
Grant income
Year ended 31 March 2023
Contracts for services
Year ended 31 March 2022
Contracts for services		 Unrestricted
Restricted
Total
Funds
Funds
Funds
Year ended
Year ended
Year ended
31-Mar-23
31-Mar-23
31-Mar-23
£
£
£
101,237
3,051
104,288
35,738
203,496
239,234
136,975
206,547
343,522
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-23
31-Mar-23
31-Mar-23
£
£
£
129,942
-
129,942
129,942
-
129,942
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

Charity number 1063572 Company number 03322319

24

Year ended 31 March 2023

Youth Talk Limited Annual report and financial statements

5. Total expenditure

Year ended 31 March 2023
Raising funds
Charitable activities
Year ended 31 March 2022
Raising funds
Charitable activities		 Direct staff
Direct other
Indirect
Total
costs
costs
costs
costs
Year ended
Year ended
Year ended
Year ended
31-Mar-23
31-Mar-23
31-Mar-23
31-Mar-23
£
£
£
£
78,626
7,036
18,070
103,732
97,426
182,014
58,945
338,385
176,052
189,050
77,015
442,117
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 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 database. 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.

As part of the charity’s five-year strategy for growth there has been continued investment in fundraising over the current year, and in particular investment in starting to grow an experienced team to help the charity achieve its five-year strategy. As a result, there has been an increase in the direct staff costs attributed to raising funds.

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.

Indirect costs consists of the following:

Staff costs
Premises
Other people costs
Marketing and communications
Administration
Governance		 Total
Total
Funds
Funds
Year ended
Year ended
31-Mar-23
31-Mar-22
£
£
17,110
18,326
32,070
19,423
8,423
4,461
591
2,293
16,901
12,133
1,920
1,830
77,015
58,466

Charity number 1063572 Company number 03322319

25

Youth Talk Limited

Year ended 31 March 2023

Annual report and financial statements

5. Total expenditure (continued from previous page)

Governance costs includes:

6. Expenditure on raising funds
Independent examination
Year ended 31 March 2023
Direct staff costs
Direct other costs
Total direct costs
Indirect costs
Year ended 31 March 2022
Direct staff costs
Direct other costs
Total direct costs
Indirect costs		 Unrestricted
Funds
Year ended
31-Mar-23
£
71,056
7,036		 Total
Total
Funds
Funds
Year ended
Year ended
31-Mar-23
31-Mar-22
£
£
1,920
1,830
1,920
1,830
Restricted
Total
Funds
Funds
Year ended
Year ended
31-Mar-23
31-Mar-23
£
£

7,570
78,626

-
7,036
78,092
18,070		 7,570
85,662

-
18,070
96,162
7,570
103,732
Unrestricted
Funds
Year ended
31-Mar-22
£
43,341
12,314		 Restricted
Total
Funds
Funds
Year ended
Year ended
31-Mar-22
31-Mar-22
£
£

-
43,341

-
12,314
55,655
12,035		 -
55,655

-
12,035
67,690
-
67,690

As part of the charity’s five-year strategy for growth there has been continued investment in fundraising over the current year, and in particular investment in starting to grow an experienced team to help the charity achieve its five-year strategy. As a result, there has been an increase in the direct staff costs attributed to raising funds.

Charity number 1063572 Company number 03322319

26

Year ended 31 March 2023

Youth Talk Limited Annual report and financial statements

  1. Expenditure on charitable activities
8. Staff costs
Year ended 31 March 2023
Direct staff costs
Direct other costs (incl. clinical team)
Total direct costs
Indirect costs
Year ended 31 March 2022
Direct staff costs
Direct other costs (incl. clinical team)
Total direct costs
Indirect costs
Gross salaries
Employers NIC
Employers pension		 Unrestricted
Funds
Year ended
31-Mar-23
£
97,426
46,527		 Restricted
Total
Funds
Funds
Year ended
Year ended
31-Mar-23
31-Mar-23
£
£

-
97,426

135,487
182,014
143,953
58,945		 135,487
279,440

-
58,945
202,898
135,487
338,385
Unrestricted
Funds
Year ended
31-Mar-22
£
55,349
104,287		 Restricted
Total
Funds
Funds
Year ended
Year ended
31-Mar-22
31-Mar-22
£
£

19,094
74,443

35,976
140,263
159,636
34,523		 55,070
214,706

11,908
46,431
194,159
66,978
261,137
Total
Total
Funds
Funds
Year ended
Year ended
31-Mar-23
31-Mar-22
£
£
178,417
126,938
9,809
5,914
4,936
3,258
193,162
136,110

The average employed headcount during the period was 8 persons (2022: 6 persons).

No employee received employee benefits of more than £60,000 (2022: Nil).

The total employee benefits paid to key management personnel during the year was £84,303 (2022: £66,298). The increase in the current year is due to changes to the Operations Manager role including moving it from part time to a full-time role.

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

27

Youth Talk Limited Annual report and financial statements

Year ended 31 March 2023

9. Tangible fxed assets

Cost
As at 1 April 2022
As at 31 March 2023
Accumulated depreciation
As at 1 April 2022
Charge in year
As at 31 March 2023
Net book value
As at 1 April 2022
As at 31 March 2023		 Offce
Computer
equipment
equipment
Total
£
£
£
515
4,584
5,099
515
4,584
5,099
119
2,010
2,129
103
1,528
1,631
222
3,538
3,760
396
2,574
2,970
293
1,046
1,339
  1. Debtors and prepayments
Accounts receivable
Prepayments
Rent deposit
Other debtors		 Total
Total
Funds
Funds
31-Mar-23
31-Mar-22
£
£
11,880
13,251
5,128
11,719
11,425
-
-
151
28,433
25,121

11. Creditors: amounts falling due within one year

Accruals
Offce lease rent free beneft
Deferred revenue
Pensions payable		 Total
Total
Funds
Funds
31-Mar-23
31-Mar-22
£
£
2,032
3,858
13,209
-
9,856
-
929
825
26,026
4,683

Deferred revenue consists of grant income to support counselling services in 2023-2024.

Charity number 1063572 Company number 03322319

28

Year ended 31 March 2023

Youth Talk Limited Annual report and financial statements

  1. Analysis of charity funds
ear ended 31 March 2023
2. Analysis of charity funds		 Youth Talk Limited
Annual report and fnancial statements
Year ended 31 March 2023
Restricted funds
New premises
KickStart
Harpenden Groups Pilot
Counselling services
Total restricted funds
Unrestricted funds
General fund
Designated funds
New premises
Total designated funds
Total unrestricted funds
Total funds		 Funds
Income
Expenditure
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-23
31-Mar-23
31-Mar-23
31-Mar-23
31-Mar-23
£
£
£
£
£
-
90,051
(32,687)
-
57,364
-
7,570
(7,570)
-
-
-
11,000
(4,874)
-
6,126
-
97,926
(97,926)
-
-
-
206,547
(143,057)
-
63,490
235,524
272,819
(299,060)
-
209,283
50,000
-
-
-
50,000
50,000
-
-
-
50,000
285,524
272,819
(299,060)
-
259,283
285,524
479,366
(442,117)
-
322,773

New premises restricted fund is funds the charity has received to support the refurbishment of the new premises on London Road.

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

Harpenden Groups Pilot grant was awarded to support the groupwork pilot in Harpenden.

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 £322,773 (2022: £285,524) with £50,000 (2022: £50,000) having been set aside for the refurbishment of the new premises which was completed in April 2023, and £63,490 (2022:£Nil) being restricted as to use. This leaves general reserves of £209,283 (2022: £235,524). 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

29

Youth Talk Limited

Year ended 31 March 2023

Annual report and financial statements

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

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
Expenditure
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.

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

Charity number 1063572 Company number 03322319

30

Year ended 31 March 2023

Youth Talk Limited Annual report and financial statements

  1. Analysis of net assets
Year ended 31 March 2023
Fixed assets
Current assets
Current liabilities
Year ended 31 March 2022
Fixed assets
Current assets
Current liabilities		 Unrestricted
Restricted
Total
Funds
Funds
Funds
31-Mar-23
31-Mar-23
31-Mar-23
£
£
£
1,339
-
1,339
283,970
63,490
347,460
(26,026)
-
(26,026)
259,283
63,490
322,773
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

14. Other fnancial commitments

On 31 March 2023, 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
Within two to fve years		 Total
Total
31-Mar-23
31-Mar-22
£
£
16,511
13,000
202,849
-
219,360
13,000

15. Trustee remuneration

During the year, no Trustee received any remuneration (2022: £Nil). No members of the Board of Trustees received reimbursement of expenses (2022: £Nil).

16. Related party transactions

During the year there were no related party transactions (2022: £Nil).

17. Capital commitments

As of 31 March 2023 the Charity had capital commitments related to the refurbishment of the new premises and equipment relating to them of around £70,000 (2022: £Nil).

Charity number 1063572 Company number 03322319

31