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||||Contents||
|---|---|---|---|---|
|Reference and Administrative||Details|||
|Trustees' Report||||2to9|
|Statement ofTrustees'|Responsibilities|||10|
|Independent<br>Auditors'|Report|||11to 14|
|Statement of Financial|Activities|||15to 16|
|Balance Sheet||||17|
|Statement ofCash Flows||||18|
|Notes to the Financial|Statements|||19to33|





|||||Young Somerset|Young Somerset|Young Somerset||||
|---|---|---|---|---|---|---|---|---|---|
||||Reference and Administrative|||||Details||
|Chief Executive Officer||||Mr N Harwood||||||
|Trustees||||Mr SG Rance||||||
|||||Mrs JSBiggs||||||
|||||Ms P AJudge||||||
|||||Mr D C Elstone||||||
|||||Mrs CTough||||||
|Secretary||||Mrs VTrebilcock||||||
|Charity Registration||Number||1070693||||||
|Company|Registration||Number|03363009||||||
|||||The charity is incorporated||||in England|and Wales|
|Registered|Office|||Unit 2||||||
|||||Suprema<br>Estate||||||
|||||Edington||||||
|||||8ridgwater||||||
|||||Somerset||||||
|||||TA7 9LF||||||
|Auditor||||Four Fifty Partnership|||Limited|||
|||||Chartered<br>Accountants|||&|Registered|Auditors|
|||||34Boulevard||||||
|||||Weston-super-Mare||||||
|||||Somerset||||||
|||||BS231NF||||||
|Bankers||||The Co-operative||Bank|p.l.c.|||
|||||No 2 Cathedral|Square|||||
|||||The Cloth market||||||
|||||Newcastle<br>upon|Tyne|||||
|||||NE1 1EE||||||





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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|2022|
||||Note|E|E||
|Income and Endowmenb||from:|||||
|Donations<br>and legacies|||4|2,334,169|140,947|2,475,116|
|Other trading activities|||5|10,398||10,398|
|Total income||||2,344,567|140,947|2,485,514|
|Expenditure<br>on:|||||||
|Raising funds||||(55,491)|(13,363)|(68,854)|
|Charitable<br>activities|||6|(1,991,536)|(144,706)|(2,136,242)|
|Total expenditure||||(2,047,027)|(158,069)|(2,205,096)|
|Net income/(expenditure)||||297,540|(17,122)|280,418|
|Transfers between|funds|||(21,767)|21,767||
|Net movement<br>in funds||||275,773|4,645|280,418|
|Reconciliation offunds|||||||
|Total funds brought|forward|||160,059|7,380|167,439|
|Total funds carried|forward||20|435,832|12,025|447,857|





||||Young Somerset|Young Somerset|||
|---|---|---|---|---|---|---|
|Statement of||Financial|Activities forthe Year Ended||31March 2022||
|(Including<br>Income|and Expenditure||Account and|Statement ofTotal Recognised||Gains and|
||||losses)||||
||||Unrestricted||Restricted|Total|
|||||funds|funds|2021|
||||Note|E|E|E|
|Income and Endowments||from:|||||
|Donations<br>and legacies||||22,474|1,717,200|1,739,674|
|Total income||||22,474|1,717,200|1,739,674|
|Expenditure<br>on:|||||||
|Raising funds||||(5,137)||(5,137)|
|Charitable<br>activities||||(13,776)|(1,428,756)|(1,442,532)|
|Total expenditure||||(18,913)|(1,428,756)|(1,447,669)|
|Net income||||3,561|288,444|292,005|
|Transfers between|funds|||316,445|(316,445)||
|Net movement<br>in funds||||320,006|(28,001)|292,005|
|Reconciliation offunds|||||||
|Total funds brought|Forward|||(159,947)|35,381|(124,566)|
|Total funds carried|forward||20|160,059|7,380|167,439|





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||Balance Sheet asat31|March 202|2||
|---|---|---|---|---|
||||2022|2021|
|||Note|f|6|
|Fixed assets|||||
|Tangible assets||13|79,392|53,974|
|Current assets|||||
|Stocks||14|8,077||
|Debtors||15|297,444|162,764|
|Cash at bank and in hand||16|1,112,628|383,968|
||||1,418,149|546,732|
|Creditors: Amounts|falling due within one year|17|(1,049,684)|(433,267)|
|Net current assets|||368,465|113,465|
|Net assets|||447,857|167,439|
|Funds ofthe charity:|||||
|Restricted|||12,025|7,380|
|Unrestricted|||435,832|160,059|
|Total funds||20|447,857|167,439|






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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||f|E|E|
|Donations and legacies;|||||
|Incoming resources from Government|and||||
|Other Public Authorities<br>Donations||2,167,147<br>890|81,782|2,248,929<br>890|
|Other Income<br>Incoming resources from Charitable||54,945||54,945|
|Organisations||111,187|59,165|170,352|
|Total for 2022||2,334,169|140,947|2,475,116|
|Total for2021||22,474|1,717,200|1,739,674|





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|5<br>Income from other trading activitie|s|||
|---|---|---|---|
|||Unrestricted|Total|
|||funds|funds|
||||E|
|Trading income;||||
|Shop income from sale ofpurchased|goods|10,398|10,398|
|Tota Ifor 2022||10,398|10,398|



## 

|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
||||Note|E|E|E|
|Youth services||||104,800|5,489|110,289|
|Depreciation,|amortisation|and|||||
|other similar|costs|||15,769|11,374|27,143|
|Grant funding|ofactivities|||33,361|24,996|58,357|
|Staffcosts||||1,787,346|102,847|1,890,193|
|Governance|costs|||50,260||50,260|
|Total for 2022||||1,991,536|144,706|2,136,242|
|Total for2021||||13,776|1,428,756|1,442,532|



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|Net incomin|g resources for the year include:|||
|---|---|---|---|
|||2022|2021|
|||E||
|Audit fees||5,904|5,053|
|(Profit)/loss|on disposal offixed assets held for the charity's|||
|own use||(858)||
|Depreciation|offixed assets|28,001|6,922|



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|The aggregate<br>payroll costs were as follows:|||
|---|---|---|
||2022|2021|
||E|f|
|Staff costs during the year were:|||
|Wages and salaries|1,578,813|1,064,929|
|Social security costs|133,963|90,261|
|Pension costs|42,724|29,424|
|Other staff costs|1,104|3,280|
||1,756,604|1,187,894|





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|13Tangible fixed assets||||
|---|---|---|---|
||Furniture|||
||and|Motor||
||equipment|vehicles|Total|
||E|||
|Cost||||
|At 1April 2021|46,730|86,805|133,535|
|Additions|53,419||53,419|
|Disposals||(41,705)|(41,705)|
|At31March 2022|100,149|45,100|145,249|
|Depreciation||||
|At 1April 2021|16,335|63,226|79,561|
|Charge for the year|20,141|7,860|28,001|
|Eliminated<br>on disposals||(41,705)|(41,705)|
|At31March 2022|36,476|29,381|65,857|
|Net book value||||
|At 31March 2022|63,673|15,719|79,392|
|At 31March 2021|30,395|23,579|53,974|



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||2022|
|---|---|
||E|
||8,077|
|2022|2021|
||E|
|222,239|140,514|
|42,475|17,855|
|32,730|4,395|
|297,444|162,764|





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|16Cash and cash equivalents|16Cash and cash equivalents|16Cash and cash equivalents|||
|---|---|---|---|---|
||||2022|2021|
||||E||
|Cash on hand|||694|331|
|Cash at bank|||1,111,934|383,637|
||||1,112,628|383,968|
|17Creditors: amounts||falling due within one year|||
||||2022|2021|
||||E|F.|
|Trade creditors|||318,589|280,809|
|Other taxation|and social security||40,810||
|Other creditors|||9,168||
|Accruals|||26,287|13,912|
|Deferred income|||654,830|138,546|
||||1,049,684|433,267|



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|Total<br>future<br>minimum<br>lease<br>payments<br>unde<br>follows:|r<br>non-cancellable<br>operating<br>le|ases<br>are as|
|---|---|---|
||2022|2021|
|||E|
|Land and buildings|||
|Within one year|10,563|8,563|
|Between one and five years|41,250|52,250|
||51,813|60,813|
|Equipment|||
|Between one and five years|2 133|9,253|





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|20Funds||||||||
|---|---|---|---|---|---|---|---|
||||Balance at||||Balance at|
||||1April|Incoming|Resources||31March|
||||2021|resources|expended|Transfers|2022|
||||||E|E||
|Unrestricted<br>funds||||||||
|Unrestricted funds||||||||
|General fund|||160,059|||(6,695)|153,364|
|Social Enterprise||||29,108|(70,963)|50,000|8,145|
|RAISE||||10,750|(16,223)|10,000|4,527|
|Alternative<br>Learning||||||||
|Provision||||96,344|(103,906)|10,000|2,438|
|Youth Work Team||||149,862|(190,962)||(41,100)|
|Wellbeing||||1,167,737|(1,087,923)|(86,483)|(6,669)|
|EMHP||||890,766|(577,050)|(208,589)|105,127|
||||160,059|2,344,567|(2,047,027)|(231,767)|225,832|
|Designated||||||||
|Designated<br>Fund||||||210,000|210,000|
|Total unrestricted|funds||160,059|2,344,567|(2,047,027)|(21,767)|435,832|
|Restricted funds||||||||
|National<br>Foundation||for||||||
|Youth Music|||7,380|45,033|(56,876)|4,463||
|Social Enterprise||||13,363|(13,363)|||
|RAISE||||5,833|(5,833)|||
|Alternative<br>Learning||||13,767|(13,767)|||
|Youth Work Team||||17,557|(19,576)|2,019||
|Wellbeing||||32,345|(40,551)|11,483|3,277|
|EMHP|||||(3,589)|3,589||
|Skills Development||||13,049|(4,514)|213|8,748|
|Total restricted funds|||7,380|140,947|(158,069)|21,767|12,025|
|Total funds|||167,439|2,4&5,514|(2,205,096)||447,857|





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|||Balance at||||Balance at|
|---|---|---|---|---|---|---|
|||1April|Incoming|Resources||31March|
|||2020<br>E|resources|expended<br>f|Transfers<br>E|2021<br>E|
|Unrestricted<br>funds|||||||
|Unrestricted funds|||||||
|General fund||(159,947)|22,474|(18,913)|316,445|160,059|
|Restricted|||||||
|Restricted fund||1,815||(1,815)|||
|National<br>Foundation|for||||||
|Youth Music||4,318|54,233|(51,171)||7,380|
|Youth Work Team|||165,898|(167,831)|1,933||
|Wellbeing|||909,120|(709,397)|(199,723)||
|EMHP|||518,363|(412,368)|(105,995)||
|Skills Development|||69,585|(86,173)|16,588||
|Detached Youth Work||29,248|||(29,248)||
|Total restricted funds||35,381|1,717,199|(1,428,755)|(316,445)|7,380|
|Total funds||(124,566)|1,739,673|(1,447,668)||167,439|



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|21Analy|sis ofnet assets between|funds|||
|---|---|---|---|---|
|||||Total funds|
|||Unrestricted||at31March|
|||funds|Restricted|2022|
|||E|f|E|
|Tangible|fixed assets|61,499|17,893|79,392|
|Current|assets|1,398,585|19,564|1,418,149|
|Current|liabilities|(1,024,252)|(25,432)|(1,049,684)|
|Total net assets||435,832|12,025|447,857|





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|||||Total funds|
|---|---|---|---|---|
|||Unrestricted||at 31March|
|||funds<br>f|Restricted<br>E|2021<br>f|
|Tangible <br>Current <br>Current|fixed assets<br> assets<br>liabilities|29,354<br>186,990<br>(56,285)|24,620<br>359,742<br>(376,982)|53,974<br>546,732<br>(433,267)|
|Total net assets||160,059|7,380|167,439|