REGISTERED CHARITY NUMBER: 1068108 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31$1 March 2025 for Voice of Youth and Genuine Em V.O.Y.A.G.E owerment Hentons Chartered Accountants Stag House Old London Road Hertford Hertfordshire SG13 7LA
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment Contents of the Financial Statements for the Year Ended 31st March 2025 Page Chairs Foreword Report of the Trustees 2 to 12 Independent Examiner's Report 13 Statement of Financial Activities 14 Balance Sheet 15 Notes to the Financial Statements 16 to 25
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment Chair's Foreword for the Year Ended 31 st March 2025 It has been an honour and a profound privilege to serve as Voyage's firsl female Chair during a year Ihat has called for reflection, reGalibration and renewed purpose. Stepping into this role al a time of transition has deepened my appreciation for the organisation's strength, adaptability and enduring commitment to empowering young people. In a Ghallenging climate for the charity sector, Voyage has not only held firm - it has evolved. We have extended our reach aGross London, forged meaningful new partnerships, and continued to nurture the next generation of changemakers. I have been particularly inspired by our alumni, many of whom have relurned to contribute as youth leaders, ambassadors and mentors. Their ongoing engagement speaks volumes about the transformative and lasling impact of Voyage's programmes. This progress has been underpinned by a collective resilience from our remarkable staff and dedicated trustees to our steadfast partners and supporters. l extend my sincere gratitude to the entire Voyage team whose professionalism, creativity and compassion have suslained the heartbeat of our mission. As Chair, I have been especially committed to championing strong governance and enhancing our ways of working. We have laid the groundwork for a more transparent, agile and accountable organisation one Ihat continue5 to centre young people while equipping itself for sustainable growth and impact. Looking ahead, l am confident that Voyage's best chapters are yet to be written. We are shaping a future that is inclusive, collaborative and future-facing - a Voyage defined not just by endurance, but by boldness of vision and purpose. Siobhan N. O'Garro - Voyage Chairperson Page 1
Voice ofyoulh and Genuine Em V.O.Y.A.G.E owerment ort of the Trustees for the Year Ended 31st March 2025 CEO Report The year 2024125 has tested Voyage's resilience and adaptability more than ever. It is therefore with both pride and humility that I present this year's annual report and accounts. Pride, because despite the deep challenges we faced, our team's determination ensured that Voyage continued to reach and empower 1,226 young people across London. Many of these young people joined us through new partnerships, innovative programmes, and extended work into new inner London boroughs. l also take great joy in Ihe continued engagement of our graduate young leaders those who have grown with us, returned as youth board members, ambassadors and mentors, shaping Voyage's evolving future. Humility, because our survival and progress in these testing limes have come at great personal sacrifice. Our extraordinary staff gave more than could ever be expected reducing their paid hours yet continuing to work beyond their roles to sustain our mission. Their solidarity, passion and sense of shared purpose have been nothing short of remarkable. I want to pay special tribute to our Trustees, who have continued to safeguard our charity through disciplined governance and the introduction of a strong regulatory framework to ensure 80 % deficit reduction for the year. And to our dedicated staff, whose tireless efforts have resulted in a 17,/0 rise in our charitable incomes this year. These achievements represent not only financial progress, but the courage and creativity of a team that refuses to give up on the young people they serve. l also wish to give heartfelt thanks to our newly appointed Chairvoyage's first female Chairwhose leadership, courage and compassion have steered us through this period of profound Iransition. Her presenGe has been historic and transformative, inspiring a more diverse, forward-looking and responsive organisation. Securing Voyage's future against a backdrop of shrinking charitable resources has forced us to think creatively and act boldly. Rather than discouraging us, these pressures sparked innovation, motivaling us to explore new income-generating palhways that will underpin a stronger, more resilient Voyage in the years ahead. Finally, my deepest thanks go to our partners and supporters such as the Museum of the Home, New City College, FROG, Cap Gemini, Slaughter and May and the Fireflies Business Coach team. Their unwavering support has been a huge lifeline financially, strategically and emotionally. You stood with us through uncertainty, offering steadfast belief in our purpose and people. That belief has lifted me personally and has served to fortify the very core of our charity. This year has been one of endurance, reflection and renewal. I close it with immense gratitude, a renewed spirit, and steadfast hope. Voyage stands ready to lead with purpose, ensuring young people remain at the heart of all we do today, tomorrow and hopefully in the years to come. Paul Anderson MBE CEO Page 2
Voice of Youth and Genuine Em V.O.Y.A.G.E owermenl ort of the Trustees for the Year Ended 31 st March 2025 Voyage Youth Impact Report: April 2024 - March 2025 Financial position As disclosed in the financial statements on page 14 a net movement in funds (Income of £223,896 against expenditure of £264,886) for the financial year resulted in an overall deficit of £40,990 (2024 deficit of £208,144). As mentioned above the challenging fundraising environment continued lo impact our operation during the financial year in question. A lot of efforts are being made to reverse this downward trend of our income in the coming year. Our operations have already been curtailed to keep the charity going. There have also been some considerable registered and secured fundings during the start of 202512026 financial year and we hope this will continue into Ihe future. Summary This year, Voyage operated with greater efficiency.. an 80 % reduction in deficit and a 17 % increase in income. Our reserves are stable, and, with new funding decisions pending, we anticipate the opportunity to further grow our budget and outreach in 2025. Achievements and Performance 2024125 Voyage Youth is proud to report a year of significant achievement and innovation in 2024125, despite ongoing sector-wide challenges and the necessity of rebuilding after a historic deficit. Our delivery has continued apace with a total of over 1,200 young people engaged in high-impact programmes, workshops, leadership opportunities and mentoring across Hackney, Tower Hamlets, Haringey and wider London. Our offer remained inclusive and representative 600/0 of our participants were young women, 40 /0 young men and fully 250/0 identified as Muslim. This diversity reflects our determination lo ensure accessible and relevant pathways for every young person, whatever their background or starting point. Project l Activity Total Engaged Male Women Horizons Youth Project 120 48 72 Aim for Success lo HYPE & Environmental Outreach Peer Mentoring & Youth Board Corporate Work Experience 180 72 108 106 40 66 90 36 54 70 28 42 Summer Scheme Windrush Book / Heritage Project 60 240 24 102 36 138 Black History Monthllm act Da In-house Work Experience Pilots 80 32 48 100 40 60 Voyage Voices Cam ns Other I Community Events 80 32 48 100 42 58 Total Unique Young Peo 1,226 496 730 Page 3
Voice ofyouth and Genuine Em V.O.Y.A.G.E owerment ort of the Trustees for the Year Ended 31 st March 2025 Each year, Voyage reviews ils impact across all core and special projects the table below gives an al-a-glance summary of our reach in 2024125, with a breakdown by gender. (Detailed tables for ethnicity, faith, borough, and other demographics are available upon request.) Summary of Impact by Activity, 2024125 Diversity Prof ile 60 % Young Women {730 participants) 40 % Young Men (496 participants) 25 % identified as Muslim1300 participants) Voyage's performance in 2024125 once again demonstrates the unique value of sustained youth empowerment, intersectional mentoring, and culturally responsive delivery models. All of this is made possible by the commitment of our staff, trustees, youth board and ambassadors, and our partner networks. Key Projects Core Activities Delivered During the Year In 2024, financial constraints meant Voyage was unable to deliver its flagship Young Leaders for Sustainable and Safer Cities (YLFSCI course. This had a direct impact on Ihe recruitment of 14 - 15-year-olds into our wider programmes. Despite this challenge we delivered a range of impactful initiatives for older cohorts and alumni, maintaining our focus on leadership, employability, and personal development. Aim for Success (A4S) Employability Programme Now a well-eslablished feature of Voyage's annual calendar, A4S supports 16-18-year-olds to prepare for the world ofwork. In 2024, over 55 young peoplejoined the program, with a significant number securing high-quality work placements across three partner companies. Participants received employability training, CV and personal statement support, and guidance from employers and professional mentors. After completing a program of evening workshops focused on soft skills, communication, and business awareness, participants progressed to paid work placements, often at London Living Wage rates. Peer-to-Peer Ivlentoring -Voyage-trained mentors aged 18 to 21 worked with under-15s to improve academic engagement, build confidence, and promote wellbeing. This model Gontinues to foster positive role modelling and strengthen community conneGtions. Graduate Opportunities & Support We continued to support alumni through university guidance, professional work placements, and volunteering opportunities. This year, several graduates took on ambassadorial roles, contributing to program of delivery and representing Voyage at partner events. Creative & Environmental Partnerships Our ongoing collaboration with Repowering London enabled us to deliver elements of the Horizons Youth Project for the Environment (HYPE), expanding environmental education and skills training to young people outside our core cohorts. Summary of Programme Outcomes and Impact 1,226+ young people engaged across Hackney, Tower Hamlets, Haringey, and London-wide initiatives. 45+ young people progressed into further education or Iraining, with at least 7 securing long-term employment. Page 4
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment ort of the Trustees for the Year Ended 31st March 2025 Young people accessed paid work experience for the first time, often earning London Living Wage rates. Recorded improvements in confidence, resilience, and ambition among programme participants. Partnerships wilh digital, creative, and environmental organisations opened new career pathways for participants. Key Partnerships Our partners work alongside us in the delivery of programmes, co-designing initiatives, sharing expertise, and engaging directly with the young people and communities we serve. These relationships are built on shared goals, trust, and a commitment to lasting SOGial impact. Greig City Academy - Honoured to support this school through teacher training and targeted interventions for at-risk young people, as part of a three-year programme of collaboration and impact. Museum of the Home -A valued partner in delivering Saturday youth and community activities, playing a vital role in our heritage projects and the growth of our ambassadorial team. Hackney Council Grateful for ongoing support that underpins initiatives for at-risk young people and champions our emerging HEALS service. New City College INCC) As the home of Voyage, NCC provides an invaluable base and ongoing support that enables us to remain a consistent force for good in the community. Repowering London (RP>- A meaningful partnership that created the innovalive Voyage to Repower project, delivering pilots in Lambeth and West London and inspiring our upcoming Horizons Youth Project for the Environment, set to launch in early 2026. Young Entrepreneuz Scheme (YES}, USA - A three-year collaboration empowering young business leaders and fostering cross-cullural exchange. In MarGh 2026, we will take four business plan winners to St. Croix to expand their learning and networks. Hackney Council for Voluntary Service IHCVS) - For over 11 years, a trusted partner on community agendas including policing, environmental action, and youth sector Gohesion. We look forward to deepening our work with new CEO Bejal Shah. 16 Plus Network- A vital collaboration ensuring coordinated support for young people aged 16 and over. reducing the risk of them falling through the cracks while maximising opportunilies for success. FROG CapGemini- Forthe pastthree years, FROG CapGemini has provided vital pro bono supportto Voyage Youth, helping shape our strategic direction and strengthen our graduate programmes. In 2024, this partnership expanded to include Gommunications and social media support, and in 2025, FROG will guide our adoption of a new Salesforce CRM a key step in enhancing our operational efficiency and long-term impact. Fireflies Coaching Fireflies Coaching has supported our CEO through a senior leadership coaching programme, enabling the development of new projects, programmes and policies while strengthening collaboration between our Youth Board and Board of Trustees. Key Funders & Supporters Our funders and supporters provide the essential financial resources, grants, and donations that allow us to design, deliver, and grow our programmes. Their generosity fuels innovation, sustains core operations, and opens new opportunities for young people. Page 5
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment ort of the Trustees for the Year Ended 31st March 2025 Paul Hamlyn Foundation IPHFI - Now in our third year of transformational support, PHF has strengthened our core operations, built corporate partnerships, enabled innovative programmes, and supported national discourse connecting Black and global majority youth workers. Special thanks lo Jane Tanner for her unwavering support. East End Community Foundation {EECF) - Supported the growth of our graduate and ambassador programmes, extending our reach and impact whilst deepening our ties with our corporate partners who continue to provide industry insight, pro bono support and valuable work experience for our young. Near Neighbours Church Urban Fund Enabled the Greation of Voyage's second Vvindrush book, celebrating over 40 elders, 25 young participants, and hundreds of global majority community members. Jack Petchey Foundation - Proud supporter of our annual awards recognising the leadership contributions of young people. We are deeply grateful for Jack Petchey's legacy following his passing last year. Tallow Chandlers Benevolent Fund- Strenglhened partnerships with schools beyond Hackney, supporting Safe in the City and teacher training at Greig City Academy as part of a Ihree-year commitment. Go London Supported the introduction of non-tradilional sports activities inlo our youth programmes, providing a welcome balance alongside workshops on policing, mental health, and other challenging topics. Field Family Charitable Trust- Provided a valued donation in support of our youth programmes underpinning our weekend and evening program. Souter Charitable Trust- Made a generous contribution to help sustain our work with young people. Worshipful Company of Chartered Secretaries and Administrators- Provided a valued donation towards our youth and community programmes. London Borough of Hackney - Offered a welcome grant to support expanded youth engagement plans, marking only the second successful Council grant application in over a decade. Slaughter and May {S&M) - are Voyages Legal pro bono partner supporting our expanded plans to transform our Gharity from a trust deed into a Charity Incorporated Organisalion (CIO). Quadrature Capital - Offers a year on year grant to Voyage lo support its work at the core of its operations assisting its CEO and youth Board. Recruitment and Appointment of the Management Board The recruitment and appointment of trustees is overseen by the Chair and the Governance Committee, with a focus on ensuring the board reflects the diversity, skills, and lived experiences of the communities Voyage serves. Potential trustees are identified through a combination of open recruilmenl, professional networks, and recommendalions from partners. Selection criteria include relevant expertise in education, youth justice, finance, safeguarding, fundraising, and community development, as well as a demonstrable commitment to Voyage's mission and values. New trustees are appointed following an application and interview process, with final approval given at a formal board meeting. This process ensures that all appoinlments meet our governance needs and comply with Ihe requirements of the Charity Commission. Page 6
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment ort of the Trustees for the Year Ended 31 st March 2025 Trustee Induction and Training All new trustees receive a comprehensive induction pack, including Voyage's governing documents, strategic plan, recent financial statements, key policies, and an overview of current programmes. Induction also includes one-lo-one meetings with the CEO, the Chair, and relevant committee leads lo provide deeper insight into Voyage's operations, challenges, and opportunities. Ongoing training is provided through a Gombination of in-house workshops, sector briefings, and external training opportunities, including safeguarding updates, charity finance, risk management, and emerging youth seGtor issues. Trustees are also encouraged to attend Voyage events and programme sessions to maintain a close understanding of the charity's work and the communities we support. Organisational Structure and Risk Management Voyage operates under the guidance and oversight of its Board of Trustees. The board brings together a wide breadth of professional expertise spanning education, criminal juslice, finance, youth engagement, corporate governance, and community leadership. Trustees are collectively responsible for setting strategic direction, ensuring compliance with all statutory and regulatory requirements, and maintaining high standards of governance. Risk management is embedded into Voyage's governance framework. The board maintains a comprehensive risk register, reviewed quarterly at both committee and full board level. This register identifies, assesses, and mitigates risks across safeguarding, financial stability, programme delivery, compliance, and reputational matters. Safeguarding remains a standing agenda item, with the welfare of beneficiaries and staff regularly reviewed. Budgeting and financial monitoring are supetvised by the Finance Committee, with regular reporting to the full board. Voyage also ensures that all operational policies including data protection, health and safety, and equality and diversity are regularly reviewed and updated in line with legal requirements and best practice. Staff Recruitment, Remuneration, and Organisational Structure Voyage's operational delivery is led by the Chief Executive Officer, supported by a dedicated core team responsible for programme management, youth engagement, administration, and communications. Specialist staff and sessional workers are engaged for specific projects, ensuring flexibility and responsiveness to emerging needs. Staff recruitment follows transparent and inclusive processes, with all vacancies advertised publicly or through largeted outreach to ensure diverse candidate pools. Selection is based on merit, relevant skills, and alignment with Voyage's mission and values. Enhanced DBS Ghecks are carried out for all roles involving direct work with young people. Remuneration is benchmarked against comparable roles within the youth and voluntary sectors to ensure fairness and competitiveness, while remaining mindful of the charity's resources. The CEO'S salary is reviewed and approved by the board, in line with Charity sector guidelines. The organisational structure ensures clear lines of accountability, with programme leads reporting to the CEO and the CEO reporting directly to the Board of Trustees. Staff meet regularly for operational planning, and cross-team working is encouraged lo foster innovation and maximise impact. Page 7
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment ort oflhe Trustees for the Year Ended 31st March 2025 OBJECTIVES AND ACTIVITIES Voyage's charilable objects are.. 1. To advance education and life opportunities for young people, especially those from Black, Asian and minority ethnic backgrounds, or affected by exclusion, disadvantage, or exploitation. 2. To increase aspirations, employability, and civic responsibility among participants. 3. To deliver evidence-based programmes focused on leadership, mentoring, employability, community safety, and environmental sustainability. 4. Voyage's mission remains to empower marginalised young people and support their progression. ACHIEVEMENTS AND PERFORMANCE Introduction Working to support our young people in this financial year has been the toughest on record at Voyage. Overcoming the challenges for 2024-2025 has been a year of significant adaptation and achievement under these financial GirGumstanGes. Operating under the shadow of a substantial legacy deficit following the loss of major donors, we prioritised financial resilience and the sustainability of our core programmes. Despite these challenges, through persistent cosl managemenl, robust fundraising, and the dedication of staff, trustees, funders and alumni, Voyage reduced its deficit by 800/0 and grew its income by 170/0 on the previous year. We are proud to have continued delivery of high-impact services for more than 1,200 young people across all our programmes of work in Hackney, Haringey and Tower hamlets supported by one off and much shorter programmes offered to schools and national bodies. Youth Board and Ambassadors A highlight of the year was the role of the Youth Board, an empowered group of young graduates and ambassadors who keep Voyage focused on progression and youth voice in all core activities. The Youth Board led thematic work streams and, this year, launched an ambitious youth-led consultancy initiative designed to offer consulting services to companies and position young people as peer consultants. This work expands the reach and legacy of the Youth Investigator Network and is a key elemenl of Voyage's business strategy for the coming year. KEY CASE STUDY For the first time, Voyage's annual report includes a direct case study, illustrating the transformative power of our work.. Edem Bobie, aged 17, joined the Aim for Success programme and secured a work placement with Gallagher, gaining vital business and professional experience. Edem's involvement in the Windrush Project deepened his connection with London's Caribbean elders, highlighting social history and resilience. Recognised with two Jack Petchey Awards, Edem now serves as a Voyage Ambassador and Youth Board member representing peer aspiration and the power of opportunity. OUR BENEFICIARIES Voyage's primary beneficiaries are young people (ages 13-21) from Black, Asian, and minority ethnic backgrounds, but our work increasingly impacts young people from a range of communities and neighbourhoods. Our delivery model ensures accessibility across Hackney, Tower Hamlets, Haringey, and further afield. Page 8
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment Re ort of the Trustees for the Year Ended 31 st March 2025 FUTURE PLANS Building on our renewed financial confidence, 2025-2026 will see plans to.. Secure new funds to support our third accredited Young Leaders course called Smarl Cities {YLFSC) BTEC wilh Pearson over a 10-weeks. Run the first Horizons Youth Project a flagship environmentallsocial action and work experience scheme. Extend our employability wort(, expanding in-house and exiemal work experience pathways for university and employment readiness. Grow the youth-led consultancy arm, boosting the reach of our Youth Investigator NeOrk and embedding this as part of ourwork experience schemes. Proactively fundraise and diversify income sources to secure trajectory for further gr0h and impact. Continue to grow and progress the charities CIO status. Trustees, Activities and Support During the 2024-2025 period, the Irustees of Voyage Youth continued to play an active and vital role in steering the charity through a time of financial recovery and robusl programme development. Trustees met regularly throughout the year, providing critical oversight on governance, compliance, safeguarding, and risk management. Emphasis was placed on ensuring strong lines of communication between trustees, CEO, and staff team particularly through the lens of the experiences and aspirations of our young people. In addition to statutory duties, trustees have supported the CEO not only in strategic planning and fundraising efforts but also by being present at key youth board gatherings and major programme launches. Trustees have championed a culture of listening attentively to the voices of our young people, ensuring that board discussions reflect the lived experience and creative vision of our beneficiaries. This year, particular priority was given by trustees to Supporting Ihe CEO through the financial turnaround period, including development of the new Horizons Youth Project. Overseeing the maintenance of high standards for safeguarding, inclusion, and youth voice across all activities. Enabling youth board representation at board and committee meetings, in line with ongoing governance reforms promoting youth leadership within the organisation. The board is grateful for the dedication of both CEO and Youth Board, recognising the collaborative achievement as Voyage's offer continued to grow in reach and impact during this financial year. Page 9
Voice ofyouth and Genuine Em V.O.Y.A.G.E owerment ort of the Trustees for the Year Ended 31 st March 2025 YOUTH BOARD REPORT From the Voyage Youth Board This year the Youth Board has been proud to work in close collaboration with the CEO, providing ongoing advice and guidance and helping ensure that young people's perspectives shape Voyage's planning and delivery at every level. We have prioritised and supported the implementation of the new Horizons Youth Project, which we believe is key to offering meaningful, socially and environmentally conscious experiences to young people across Hackney and beyond. A particular highlight has been partnering on the development and production of Voyage's second Windrush Book Hackney Windrush Elders, which drew on intergeneralional perspectives and celebrated local heritage through stories, interviews, and creative projects. We are especially proud to have influenced the organisational response to growing barriers to work experience for young people. As corporate placements became less accessible, we have worked to help shape in-house programmes designed to fill this gap. By developing Voyage Voices, we successfully piloted work experience in the campaign and advocacy space, giving young people an opportunity to gain practical skills, confidence, and a platform for their ideas. Our work helped inform new plans lo underpin an environmentally conscious work experience programme within the new HYPE At-Risk Project, progressing Voyage's aspirations to bolt on sustainable and heritage- focused opportunities for our peers. We have also been clear that investing in the Voyage Ambassadors remains essential both to keep up the momentum and energy among the wider youth Gommunity and to provide specialist roles, such as a Heritage worker for our ongoing heritage and environmental programmes supporting our partnership with the Museum of the Home relocating the statue, Hackney council renaming of streets, digilising our Windrush books as well as supporting our work with 50 Fenchurch Street. We believe there is well over 3 years developmental work which we hope to use to garner and build employment pathways into. Voyage Voices has been a real success, and young people across the Board and the wider nelwork have reaffirmed their commitment to ensuring the Voices project continues, grows, and provides a strong model for future youth-led work experience initiatives. We look foward to building on these achievements in the year ahead, driving fOard youth participation, leadership, and new opportunities for all young people at Voyage. Page 10
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment ort of the Trustees for the Year Ended 31 st March 2025 Structure, Governance and Management Governing Document Voyage was set up in 1998 by the Metropolitan Black Police Association to address issues of racial disproportionality following the MacPhersoTI report. Voyage is based in Hackneys New City College lo ensure young people under 16 understand the importance of sustaining Iheir involvement in higher education beyond secondary school. Voyage's governing document is currently a Declaration of Trusts dated 27th October 1997 as amended on 28th April 2016. The Charities Background Voyage Youth (Voice of Youth and Genuine Empowerment) was established to tackle social and racial inequities impacting London's young people, partlGularly those from Black and minority ethnic backgrounds. Since its founding, Voyage has advocated for the empowerment and progression of vulnerable young people, helping them gain the skills, confidence and networks needed for positive futures in education, employment and Gommunity leadership. Voyage is based at New City College, Hackney, with additional reach across Tower Hamlets, Haringey and wider London. In 2024-2025, Voyage remained steadfast in its commitment to providing transformative programmes, leadership pathways, employability skills and community-engaged projects. REFERENCES AND ADMINISTRATIVE DETAILS Registered Charity number 1068108 Principle address New City College D Block Shoreditch Campus Falkirk Street London N16HQ Trustees Nicholas Marshall Katrina Morris Kosi Okolo Donata Miller Toby Williams Ola Dabiri James Whittle Siobhan O'Garro Tanya Aumeer resigned 6th February 2025 resigned 6th February 2025 -vice Chair -Treasurer -Board Secretary -chair Independent examiner Sean Hudson, ACA Hentons Chartered Accountants Stag House Old London Road Hertford Hertfordshire SG13 7LA Chief Executive Officer Mr P Anderson, MBE Charity's website address htt s:Ilvo outh.com Page11
ceofy d Genui .O.Y.A.G.E ow rment R ort of the Trustees for the Year Ende 3181 March 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIE8 The lru8lee8 are re8ponsible for preparing the Annual Report and the financial statements In accordan with applicable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accounting Practlc8), The law applieable to charities in England and Wales, th$ Charities Act 2011, Charily (Account$ and Reports) Regulallons 2008 and the provisions of the trust deed require8 the tru8tees to prepare financial slalements for each financial year which give a true and falr view of the $lat8 of affalrs of the charity and of the incoming re80urce8 and application of resourix5, includlng the income and expenditure. of the charfty for that period. In preparing those financial statements, the tru8tees ale required to select sullable accounting policies and than apply them con8iStènlly; observe the methods and principles in the Charity SORP., make judgements and eslimales that are reasonable and prudent.. prepare the financial slat8ment8 on the going rJJncern basis unle$G It 18 inappropriate to preBume that the charity will conlinue in busines8. Tha tr¢Jst8è8 arè rgsponslblg for keeping proper accounting records which di8cio$e with reasonable accuraGy al any time the financi81 position of the charity and to enable them lo gnsure Ihat thg financlal slatements comply with the Charities Act 2011, the Charlly (Accounts and Reports) R8gulation6 2008 and the provisions of the trust deed. They are also responsible for safeguarding Ihe assets of the charity and hence for taklng reasonabl8 Steps for the prevention and d818ction of fraud and other irregularities. Approved by ordèr of thè board of trustees on 202s- and slgn8d on ils bghalf by.. ro- Pa9e 12
Inde endent Examinels Re ort lo the Trustees of Voice of Youth and Genuine Em owerment V.O.Y.A.G.E I report to the trustees on my examination of the financial statements of Voice of Youth and Genuine Empowerment (V.O.Y.A.G.E) ('the charity,) for the year ended 31st March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the Gharity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the Gharity's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Ihe charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordanGe with the requirements of the Charities Act 2011 ('the Act'}. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable DireGtions given by the Charity Commission under section 145(5)(b) of the Act. An independenl examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion as to whelher the financial statements present a 'true and fair, view and my report is limited to those specific matters set out in the independent examiner's slatement. 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 thal in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act; or the financial statements do not accord with those records., or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the aGGounts give a 'true and fair view which is not a matter Gonsidered as part of an independent examination. 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 financial statements to be reached. Sean Hudson, ACA Hentons Chartered Accountants Stag House Old London Road Hertford Hertfordshire SG13 7LA Date.. W QiccMbLf 201 Page13
Voice of Youth and Genuine Em V.O.Y.A.G.E owermenl Statement of Financial Activities for the Year Ended 31 st March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Voluntary income 84,795 112,087 196,882 158,763 Other charitable activities other income 15,007 191 11,816 26,823 191 32,052 619 Total 99,993 123,903 223,896 191,434 EXPENDITURE ON Cost of generaling funds 59,949 59,949 70,593 Charitable activities Charitable activities 75,454 129,483 204,937 328,985 Total 135,403 129,483 264,886 399,578 NET (EXPENDITURE) FOR YEAR (35,410) 15,580) {40,990) {208,144) RECONCILIATION OF FUNDS Total funds brought forward 61,041 5,580 66,621 274,765 TOTAL FUNDS CARRIED FORWARD 25,631 25,631 66,621 CONTINUING OPERATIONS All income and expenditure has arisen from continuing activities. The notes form part of these financial stalements Page 14
Voic8 of Youth and G8nuine Em V.O.Y.A.G.E owerme Balance Sheet 31 st March 31.3.25 Total fund8 Unrestricted Restricted fund fvnds 31.3.24 Total fvnd$ FIXED ASSETS Tangible assets Notes 11 36.796 35,796 46.775 CURRENT ASSETS Debtors Cash al bank 12 489 1,190 1,679 17,456 10.018 17,945 1,190 19,135 54,S32 CREDITORS Amounts falling due withln one year 13 (28.1101 11,190) (29,300} (34.686) NET CURRENT ASSETS 10 165) 10,166 TOTAL ASSETS LE8S GURRENT LIABILITIES 25,631 26,631 66,621 NET ASSETS FUNDS Unreslricled funds Reslrlcied funds 14 25,631 81,041 5,580 TOTAL FUND8 66.621 Tha financial stalemenl¥ were approved by the Board of Tru$16è8 and authori8ed for i88ue on ..2x lJ.i.l.&o.x and were signed on ils behalf by.. arro- Chalr Thè note8 form part of these financial slalomenls Pag8 15
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment Notes to the Financial Statements for the Year Ended 31 st March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements have been prepared in accordance with the second edition of the Charities statement of Recommended PracliGe issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The Charity constitutes a public entity as defined by FRS102. The financial statements have been prepared in sterling which is the functional currency of the charity under the historical cost convention. Going Concern At the time of approving the financial statements the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees have adopted the going concern basis for the preparation of the financial statements. Critical accounting judgements and key sources of estimation uncertainty The preparation of financial statements requires management to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are nol readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevanl. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on a continuing basis. Revisions lo accounting estimates are recognised in the year in which the estimate is revised if the revision affects only to year, or in the year of the revision and future years if the revision affects both current and future years. The Trustees consider that there are no significant judgements or estimates in the preparation of these financial statements. Incoming resources All income is recognised once the charity has entitlement to the income, there is sufficient certainty or receipt and so it is probable that Ihe income will be received, and the amount of income receivable can be measured reliably. Donations and grants are recognised when Ihey have been communicated as receivable in writing with notification of both the amount and settlemenl date. In the event that a either type of income is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either Ihose conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charily and it is probable that those conditions will be fulfilled in the reporting period. Inleresl on funds held on deposit is included upon notification of the interest paid or payable by the Bank. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, il is probable that a transfer of economic benefits will be required in settlement and the amounl of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where Gosts cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Page 16 continued...
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment Notes to the Financial Statements continued for the Year Ended 31 st March 2025 ACCOUNTING POLICIES - continued Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery Fixtures and fittings Computer equipment Website and Database 200/0 on reducing balance 20 % on reducing balance 330/0 on reducing balance 20 % on reducing balance Impairment of fixed assets Al each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication thal those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discount due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments that are readily convertible to known amounts of cash and are subject to an insignificant risk to changes in value. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured at amortised cost using the effective interest method. Taxation The charity is exempt from tax on ils charitable activities. Fund accounting Unrestricted funds can be used in accordance with the Gharitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Forèign currencies Monetary assets and liabilities in foreign Gurrencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign Gurrencies are translated into sterling at the rale of exchange ruling al the date of transaction. ExGhange differences are taken into account in arriving at the operating result. Irrecoverable vat Irrecoverable VAT is charged against the expenditure heading for which it was incurred. Page 17 continued...
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment Notes lo the Financial Statements continued for the Year Ended 31st March 2025 VOLUNTARY INCOME 31.3.25 31.3.24 Donations 196,882 158,763 196,882 158,763 OTHER CHARITABLE ACTIVITIES 31.3.25 31.3.24 Fundraising events Grants receivable 23,025 3,798 30,034 2,018 26,823 32,052 COST OF GENERATING FUNDS Raising donations and legacies 31.3.25 31.3.24 Staff costs Rent and rates Fundraising costs Professional fees Website, IT and stationery 16,854 6,995 30,130 28,461 6,493 21,767 5,300 5,372 3,137 57,116 67,393 other trading activities 31.3.25 31.3.24 Depreciation 2,833 3,200 Aggregate amounts 59,949 70,593 Page18 Gontinued.
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment Notes to the Financial Slatements continued for the Year Ended 31 st March 2025 CHARITABLE ACTIVITIES COSTS Direct Costs {see note 6} Support costs (see note 71 Totals Charitable activities 132,878 72,059 204,937 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.3.25 31.3.24 Staff costs Rent and rates Telephone Postage and stationery Tutors Catering Travel and Residential Admin Volunteer Staff training Depreciation 55,749 6,995 1,631 2,419 17,218 4,878 32,124 444 7,350 421 3,647 105,809 10,135 2,458 4,110 61,785 17,840 30,639 17,570 7,266 378 4,014 132,876 262,004 SUPPORT COSTS Governance costs Other Totals Charitable activities 61,806 10,253 72,059 Support costs, included in the above, are as follows.. Other 31.3.25 Charitable activities 31.3.24 Total activities Wages and related costs Telephone Postage & Stationeries Renl and rates Website IT and advertising Bank charges and interesl Insurance staff training 39,230 979 916 13,988 1,231 120 1,274 421 32,985 1,663 731 12,987 2,359 217 378 Carried forward 58,159 51,320 Page 19 continued...
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment Notes to the Financial Statements - continued for the Year Ended 31 st March 2025 SUPPORT COSTS - continued Other- continued 31.3.25 Charitable activities 31.3.24 Total activities Brought foTward Depreciation of tangible fixed assets 58,159 3,647 51,320 4,014 61,806 55,334 Governance costs 31.3.25 Charitable activities 31.3.24 Total activities Independent examination fees Professional fees Trustee meeting and other governances costs Depreciation of tangible fixed assets & Website 5,000 5,280 5,300 4,400 853 1,067 10,253 11,647 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees. expenses Trustees expenses charged in the year ended 31 March 2025 amounted to £nil (2024 - £nil). STAFF COSTS staff costs were as follows- 31.3.25 31.3.24 Salaries and wages Social security Pension 104,881 4,067 2,886 153,273 10,035 3,947 111,834 167,255 The average monthly number of employees during the year was as follows.. 31.3.25 31.3.24 Administration and fundraising Project officer During the year no employees earning in excess of £60,000 per annum, including taxable benefits fall into Ihe following ranges.. 2025 2024 £70,000-£79,999 Page 20 continued...
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment Notes to the Financial Statements continued for Ihe Year Ended 31 st March 2025 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOWMENTS FROM Voluntary income 56,538 102,225 158,763 Other charitable activities Other income 2,018 619 30,034 32,052 619 Total 59,175 132,259 191,434 EXPENDITURE ON Cost of generating funds 70,593 70,593 Charitable activities Charitable activities 124,044 204,941 328,985 Total 194,637 204,941 399,578 NET INCOME (135,462) (72,682) (208,1441 RECONCILIATION OF FUNDS Total funds brought forward 196,503 78,262 274,765 TOTAL FUNDS CARRIED FORWARD 61,041 5,580 66,621 11. TANGIBLE FIXED ASSETS Fixtures and fittings Website and Data Base Plant and machinery Computer equipment Totals COST At 1 st April 2024 Additions 10,980 2,452 63,978 12,523 89,933 At 31 st March 2025 10,980 2,452 63,978 12,523 DEPRECIATION At 1st April 2024 Charge for year 10,261 718 1,541 910 21,307 8,534 10,049 817 43,158 10,979 At 31 st March 2025 10,979 2,451 29,841 10,866 54,137 NET BOOK VALUE Al 31st March 2025 34,137 1,657 35,796 At 31st March 2024 719 911 42,671 2,474 46,775 Page 21 conlinued...
Voice of Youth and Genuine Em V.O.Y.A.G.E owermenl Notes to the Financial Statements continued for Ihe Year Ended 31 st March 2025 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors other debtors 489 1,190 9,479 539 1,679 10,018 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade creditors Other creditors Accruals and deferred income 22,746 1,544 5,010 3,589 2,759 28,338 29,300 34,686 Page 22 Continued...
Voice of Youth and Genuine Em (V.O.Y.A.G.E) owerment Notes to the Financial Statements - continued for the Year Ended 31st March 2025 14. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 61,041 (35,410) 25,631 Restricted funds Commission work - Including Greig City Race 4 Nature - Kickstart Young Leaders for Sustainable Cities 5,580 15,580) 5,580 5,580) TOTAL FUNDS 66,621 40,990) 25,631 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 99,993 1135,403) 135,4101 Restricted funds Commission work- Including Greig Cily Summer & Autumn Projects Graduate Programmes Windrush Project 11,816 25,000 48,429 38,658 (17,3961 (25,000} (48,429) 38,658) (5,580} 123,903 (129,4831 TOTAL FUNDS 223,896 1264,886) 40,9901 Page 23 continued...
Voice of Youth and Genuine Em V.O.Y.A.G.E owerment Notes lo the Financial Statemenls continued for the Year Ended 31 st March 2025 14. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movemenl in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 196,503 (135,462} 61,041 Restricted funds Commission work- Including Greig City Race 4 Nature Kickstart Young Leaders For Sustainable Cities 5,580 12,238} 76,024) 5,580 2,238 76,024 78,262 {72,682} 5,580 TOTAL FUNDS 274,765 1208,144) 66,621 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 59,175 (194,637) (135,462) Restricted funds Commission work- Including Greig City Race 4 Nature Kickstart Young Leaders for Sustainable Cities 36,033 {30,453) 12,239) (172,249} 5,580 (2,239) 76,023) 96,226 132,259 {204,941> 72,682 TOTAL FUNDS 191,434 (399,5781 1208,144) 15. RELATED PARTY DISCLOSURES During the year there were no related party transactions to disclose. Page 24 ontinued..
Voice of Youlh and Genuine Em V.O.Y.A.G.E owerment Notes to the Financial Statemenls continued for the Year Ended 31st March 2025 16. FUNDS The Windrush Project was developed lo produce Voyage's second Windrush publication and celebrate the contributions of over 40 elders and 25 young participants from the original initiative. Focused on preseNing the stories of the Vvindrush generation, especially the Caribbean migrants who arrived in Britain between the 1940s and 1970s. The project addressed their historical exclusion by connecting Hackney youth with elders through oral history interviews, shared meals, and cultural activities. These intergenerational exchanges fostered mutual understanding and respect, while also recognising the wider impact of the global majority community in shaping modern British society. Voyage's Graduate Programme includes the Aim for Success (A4S) Employability Programme, which equips 16-18-year-olds with essential skills for entering the workforce. Participants receive training in employability, CV writing, and personal statements, alongside mentorship from professionals. Following a series of evening workshops on soft skills, communication, and business awareness, they transition into paid work placements, often at London Living Wage rates. Additionally, the Peer-to-Peer Mentoring scheme engages Voyage-trained mentors aged 18-21 to support younger peers under 15, enhancing academic engagement, confidence, and wellbeing while fostering strong community lies. This is the project initiated to introduce a non-tradilional sports activity into our youth programmes, providing a welcome balance alongside workshops on policing, mental health, and other challenging topics. 'Young Entrepreneuz SGheme' (YES), USA, a Ihree-year collaboration empowering young business leaders and fostering cross-cultural exchange. In March 2026, we will take two business plan winners to St. Croix to expand their learning and networks. Greig City Academy Project was aimed al strengthening the partnerships with schools in and beyond Hackney. It is to support Safe in the City and Teacher Training Programmes in Greig City Academy as part of a three-year commitment. Designed to empower Year 8 students with essential skills through a series of workshops and mentoring, the programme has already made a powerful impact, boosting confidence, improving decision-making, and laying the foundations for long-term personal development. 17. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENCIES Minimum lease payments under non-cancellable operating leases fall due amount to £8,215 not later than one year (2024.'£9,441). Page 25