Company registration number. 03363009 Charity registration number. 1070693 Young Somerset (A company limited by guaranlee} Annual Report and Financial Statements for the Year Ended 31 March 2025 acm ic iii(.)IL Young Somerset Contents Reference and Administrative Details Trustees. Report 2to9 Independent Auditors, Report 10t013 statement of Finan¢ial Activities 14 Balance Sheet 15 statement of Cash Flows 16 Notes to the Financial Statements 171029 Young Somerset Reference and Administratlve Detalls Chalr Mr David Charles Elstone Chlof Executlva Offlc•r Mr N Hanwood Trustees Mr Davld Charles Elstone Mrs Clalre Tough Ms Julle Sarah Blggs - Vlce Chalrperson Mr Rlchard Tum8r- VIC8 Chalrman Mr8 Stephanle Noyc8 Mrs Jodle Loveday - Treasurar Mr8 Ethna Bashford Mlss Laurèn Holland Secretary Mrs Claire Trunks Charlty Roglstratlon Number 1070693 Company R•glstratlon Number 03363009 The charlty is Incorporated in England and Wales. Unlt 5-6 Thistle Park Crossways Road Brldgw8ler Somer8et TA6 6LS R•gl8terod Offlcg Audltor A C IAole LLP stafford Housg Blackbrook Park Avenue Taunton Somer8et TA12PX Sollcltor• Ashfords LLP Ashford House Grenadier Road Exgler EX13LH Bankors Co-operative PO Box 250 Skelmersdale WN8 6WT Page 1 Young Somerset Truste8s' Report The Iruslees, who are directors for the purposes of company law, present Ihe annual report together with the financlal slatements and auditors, report of the charilable company for th8 year ended 31 March 2025. ObJecllve3 and actlvltles Charltablo objects To help young people In the County of Somersel, especially but nol exclusively through 18isure tlme actlvities, ID develop their physlcal, mental and spiritual capabilitles that thay may grow to full maturity as individuals and members of sociely and that thelr conditions of life may be improved. To promote the social welfare and the preseNation of the health and wellbelng of young people in the sald areas by the provlslon of informatlon, advice and guidance. Objects and alms Young Somerset Is the primary youth work organis81ion In Somerset. Our mlsslon 18 to pui young people first by working with them, not doing thlngs to them or for them. Young Somerset engages and 5UPPOrts young people in a range of social, economlc, educational and recreational opportunitlas deslgned to encourag8 soclal incluslon and Ilfe-long learnlng. Wa help Young People navigale through éifflcult times Sn their lives wlth the alm of bulldlng a more confident outlook for the future by.. Addresslng the Issues of excluslon, Ssolation and disadvantage Increaslng the take-up of edU￿tion, tralnlng, 8mployment and enlerprlse opportunltles Encouraging community reg8n8ratlon through good cltlzenship and participatlon Engaging and providing access to informatlon, advlce and guld8nce Generatlng and partlclpaling in partnerships Involving young people and st8k•holders Involving young people In the organisallon's d8V81opmenl and delivery Enabllng the voice of young people to be heard In thelr communities . Acting as a voice for the volun18ry and communlty youth 88clor Establlshing projects to respond to local n86d Ensurlng our work dollvers our alms Young Som8rset reviews Ils alms, objecllvos and actlvltles on a regular basls to ensure we further the legal purpose of th8 Charlty. We have referred to the guidance contalned In the Charlly Commlsslon's general guldance on publlc benefit when revlewing our aims and objectives and in p18nnlng our future actlvlties. When rnaklng decisions, th8 Trustees atways conslder how planned actlvltles will contrlbute to the alms and oblecllves thay have set. The measures used to assess our success in the reportlng period Include meetSng the key performance Indicators outlined in our commissloned contracts together wllh monltorlng compllance with grant funded work, to ensur8 compliance wlth all contract terms. In additlon, we car8fully collale data regarding oulcome measures and impact assessments for Young P8opIe. Paga 2 Young Somerset Trustee5' Report (conllnued) Publlc benefit Young People in Somerset are golng through a turbulent tlme. Not only are they dealing with well documented chlldhood trauma issues such as bullying, dom8stlC 8buse and povety. they ar8 now confronted with the ongolng 8ff8cls of the cost-of-llvlng Crisis, post Covld Isolation issues, soclal medla and an overextended educatSon system wlth r8cord levels of ab98nce. It is against thi8 backdrop that Young Somerset operates, We mainlain aclively revlewed servlce and organlsatlon rlsk regislers whlch ara regularly reviewed at s8nlor 18adership and Board level. We have also conducled SWOT and PESTLE analysls and adjusted our 8tral8glc plan accordingly. Durlng the past year. Young Somerset's tèam of 100 staff has helped almost 6.500 young people through our three core area8 of dellvery.. Targeted Youth Support Alternatlv8 Education Provislon and Enterprls8 Mental Health and Wellbeing Targèted Youth Support Our Targeted Youth Support Team contlnues to make a posltlve Impact supporting young p8ople who have hlgh levels of n66d, risk and vulnerablllty by deploying youth workers alongslde cllnlcal and safety response Golleagues (CAMHS. Children's Soclal Care, Avon & Somersel Pollce). Umbrella offers youth club support for young people experiencing mSld to moderate mental health Issues. soclal Isolalion and emollonal dlslr8ss and utilises a tradltlonal youth work methodology to allow young people to build peer-support networks, Improve confldence, engage in educatlon end reduce socl8118olatlon. Young paople can also recelve support from Ihe youth workers in the form of 1.1 mentoring, supportlng them lo bulld on Iheir pro¥soclal development galned In the groups by worklng wlth th8m In the communSty to make thelr own informed declslons for change. Currently ihls service Is posltlvely Impacting young people to reduce social Isolatlon and Sncrease Educatlon attendance, currenlly educatlon attendance has Increased by an average of 30%. Alternatlv• Educatlon Provlslon Young Som8rsot Is proud of ils unlque provlslon uslng youth worker8 to support18arning for chlldren and young people not In educatlon, employment or training and for whom the maln8tr8am educatlon provlslon do8s not work. Our youth workers focus on lh8 young pgrson's naeds and a8plratlon8, building relatlonshlps 1.1 or In small group5 and leadlng wlth positive ro16 modelllng. The Bold & Brave 8nt8rprise initiative has grown from str6ngih to strength wlth the shop and café both operated by Young People. The café In Taunton Llbrary has Just celebrated Its sècond birthday and has a loyal and growing cllentele. A new café Is opening at Brldgwater Railway Statlon and a new Bold & Brave shop Is opening in Bridgwater town centre. We also provlde accredlted courses In a wide range of actlvltles which include motor mechanlcs. art, dlgllal skills, music communlty actlvltles, hospltality and business. It is our alm to help thes8 Young Peopl8 move on to long temi amployment wlth Ihelr new.found skllls and confidence supported by our tralned Job coaches. Page 3 Young Somerset Trustees, Report (contlnued) Mental Health and Wellbelng Our Community W8llbeing and Mental Health Support Teams continue to reach Young People with mild-to-moderate mental health disorders. We have reached over 1,540 young people this year worklng directly 1..1 1 clinical groups. Non-clinical contacts have reached over 1,585 children and young people, through events, peer mentoring and groups. The wellbeing support practitioners have worked with 318 parents. 93 /0 of CYP gave positive feedback on their experience. Through setting goals and working together, young people learn ways of coping with anxiety and low mood and how to handle difficult situations in the future. Our staff support Mindline {Somersel's 24-hour mental health phone helpllnel, by manning thelr helplinos in the evenings and weekends. On average We take 70 calls per week, calls thal might be missed if the phone lin8s were closed. Th8 Iruste6s confirm that they hav6 compli8d with the requirements of secllon 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commisslon for England and Wales. Flnanclal revlew Overall performance The Charity reported a surplus In the accounts of £103,58612024.' defi¢ll £184,673) which has Ihe full backing of the Board of Trustees. This will be carried forward resulting in an overall carri8d fornard reserve of £567,225 12024: £463.639}. These funds wlll be held and applied lo existing and future prolects to slrenglhen our offerlng to the young people of Somers8t. The reserves also ensure a robust posltlon for the Charlty to contlnue to Increase Ils reach and offerlng. Over Ihe year, the charity has rec8iV8d Income of £3,644,190 (2024.. £3.423,5611 whlch Is 8 6.44 % Increase on th8 previous financial year. This is a good result consldering the backdrop of local financial pressure and the national continued underfundlng for young people. This income is used to provide the servlces oullined In our objectives and the Charity Is selective In ensuring all funds are dedicated to furthering our alms. During the reportlng perlod, the Charlty successfully secured the procured contract for The Community Wellbeing Service from Somerset ICB. The nature of slandsllll contracts in the publlc sector has meant that we have carried out an operalional restructure to align staffing wllh contract values. We now have a strong team which will lead us into the next phase of our development. The Trustees recognlse Ihal the Senlor Leadershlp Team conlinues to work hard lo Improve the organlsalion's financial position and are pleased with the level of progress made. This year has seen a targeted effort lo conlfol costs, whlch has helped manage the overall position. Page 4 Young Somerset Trustees. Report (conllnued) Principal fundlng 8ourco8 Young Somerset actlvely Identlfles potenlial contracl procurement actlvltles which allgn wllh our objectives (largely from public sector sources) and seeks to secure these to further the alms of the Charlty. Young Somersel 8pplies for grants according to Identffied prlorltles matched ag8lnst funding opportunities. We have a well-developed process for bid-wrltlng whereby 8V6ry grant appllcatlon goes through a quality assurance process which Involves the finance and Senlor Leadership Team before final slgn-off by the CEO. Grants applied for and outcomes are reported to the Board on a quarterly basss. In all cases, detailed records 8r8 m8lntained of numbers of young people uslng the seNice8 provided. Successful £chlÉvemgnt of the oblectlves form part of the feedback to grant aw8rdlng bodle8. Young Somerset carrles out 8 small amount of fundraislng wlth selected partnars who support our Work wlth Young Péople. No fundrals5ng complaints have been recelved. Pollcy on reserves The Balance She8t shows a raserves surplus 8131 M8rch 2025 of £567,225 (2024 £463,639). Th8 general guldance from the Charlty Commlsslon suggests that charltl8s should seek to malntaln a level of Reserves equlvalent to at least 3 months. operatlng costs (for Young Somerset this would be equivalent lo around £885,151 In the 2024125 financlal y8ar). The charlty Is working towards thls goal whllst also seeklng io dèllver effective content over its varlety of operatSons. As et 31 March 2025, the Charlty had unrestricted reserves of £567,013 (2024,. £458,725), of this £36.833 (2024: £66,269) was held as fFxed assets, £6,764 (2024: £7,260) as stock and £NII (2024: £NILI deslgnated funds, leavlng free resepie8 of £523,416 {2024.. £385,196). The Trustees report that the balance Sheet of the Charity Is robust. There are slgnlllcanl flnanclal and monltorlng controls in place to ensure the golng concern posltlon of the Charlty Is strong, not only supporting ongolng s&rvic8s but also the Charltys plans for the coming short to medium lerm perS0d. Rlsk management In light of recent Government Natlonal Insurance changes. the Charlty has identttled, ovaluat8d and provlded for any upllft in costs In order lo mStigate the Increase5 as far as possible ahead of thé implementatlon. The charltys cash ftow rlsks m8inty relate to ongoing grant fundlng. The Senlor Leadershlp Team and Truste65 closely monltor the flnancial posltlon of th8 charity and strong budgetlng procedures are In place where only confirmed Income Ss recognlsed. Th• charity has no slgnlflcant concentration of credlt rlsk. The charlly is reliant on the contlnu8d provision of 8eNIc8S to thelr suppliers. The termly review and subsequent renewal of these servlces Is expected to take plac8 in the next 610 12 months. Page 5 Young Somerset Trustees. Report (contlnued) Plans for future perlods Young Somersel Is a foNard thlnking, fast actin9 charity. It has a "t8St and 18arn" approach to new Sdeas and Is well placed to try them out and 8valuate their potential. The Senlor Leadership Team and Board of Trustees are currently working on a 3 ye8r busln8ss plan with further expansion into Allernalive Educalion Provision. In the meantime, focus Ss on the following areas: Wlden R•a¢h & Access Expand provision lo undèrseNed and rural area8 Strengthen mobile and outreach youth seNic8s Targat support for NEETS, LGBTQ+ youth, young carars. and care-exp8ri8nc8d young people Enhance Mental H¢alth Support Grow Mental Haalth Support Teams {MHST) and peer-led servlces Embed trauma-informed approaches across all delivery Reéuce stigma and promote eady Intervention through community wellb8ing inltiallves R•lmagln• Educatlon Pathways Scale up alternatlve provision and part.time currlculum support Partner wlth schools on wellbeing frameworks and pupll volce Improve transltlons at key educational stages Advanco Employment & Ent•rprlse Exp8nd Bold & Brav8 and voc8tlon81 opportuniti88 Develop employer partnerships and t8ch skllls programm&s Provlde tsllored employ8bllity SUPPOrt for dlsengaged young people Emb•d Youth L•ad•rshlp Strengthen Youth Advlsory Boards and young leaders, tralnlng Increase youth Influence in servlce design and dellvery Support youth-led community and civic prol8Cts Inlluence Systems & Strategy Act as a Strategic partner wlth Somersel Council and ICB Shape policy and commlssloning through youth-informed insight Bulld evldence base for soclal return on Investment Ensure Organlsatlonal Growlh Secure sustainable. long-term fundlng Invest in staff development and specialist training Implem8nl 8ffectiv8 Impact measurement sysl8ms Wè ar8 proud to partner locally with Som8rs8t ICB, Somersel Councll, Somerset Foundation Trust, the Somerset Group IVCFSE collaboratlve} and the Somerset Youth Work Alllance and look forwar(I to strengthenlng these relatlonships over the comlng yaars to ach16ve wldespread, compr8h8nsive support for Ihe young people of Somerset. A new trading subsidiary has b8en establlshed ready for the expansion of th8 8nt8rprise service through the Bold & Brave model and furlher commerclal activilies. Page 6 Young Somerset Trustees. Reporl (continued) Structure, govèrnance and managem•nt Nature of governlng document The charity was Incorporat8d on 1 May 1997 as a company Ilmlted by guarantse and as a registered charity. It is governed by its Memorandum and Articles of Assoclatlon. The charity changed Its nam8 from Som8rs8t Rural Youth Prol8cl to Young Somersel on 29 Augusl 2018 and took the opportunSty to refresh Its controlling Memorandum and Artlcles of Assoclation. A Board of Trusl8es comprising of an Independ&nt Chalr and up to fv161v8 members meets at leasl four times a year to admlnister the charity. Rocrultment and appolntm•nt of trust••8 In the reportSng perlod, one Trustee retired and our long-standSng Chalrman Stuart Rance 8180 retlred. The Board would Ilke to ext8nd 8 huge thank you to them both for their contrlbullons to the Charity. All prospective trustees, whether nomlnated by an exlsting tru8tee or co-opted, are inteNlew8d by the Chair 8UPPOrted by other Trust88s. Exlsllng trustees m6el formally with the Chalr once a year and th8lr Int8rests and 8klll8 document Is regularly revlewed and updated. Inductlon and tralnlng of trustees On appolntment, truslees ere required to complete a skllls and interests survey to help align thelr input wlth approprlate organlsational requirements and d8v8lopmenls. Trustees also attend an Onboardlng D8y and Safeguardlng tralnlng. Organlsatlonal structurè The Board of Truslees Is responslbla for: determlnlng the pollcy directlon of the charlty for flxSng and regularly reviewing the annual budget rev18wlng tha remuneratlon of CEO and Senlor Leadership Team uslng benchmark crlterla Includlng Solbury Payscales and comparatlve VCFSE sector analysls of senior rol6s locally and nationally. approvlng the annual accounts. The Chlef Executive Offlcer Is r8sponsSble for th8 day-to-day managèment in accordance wlth determlned pollcies and is supported In thls role by the Senlor Leadershlp T88m. Thls year, the Board hav8 b88n concentratlng on plans to support more Young People who are In need of our services, whllst heedlng lessons learned from experlences with current a¢tlvStles. In order to achlèv8 this. a review of premlses requlrod to 8xpand our footprlnt across the county has been carried out and key areas Identified. Throughout the perlod under review a third-paty Indemnlty provision was In force for the benefit of all the Trustees of the charity. Page 7 Young Somarset Trustees. Report (contlnued} Trustees and offlcors The trustees and offlcers serving during the year and slnce the y88r end w8re as follows: Chief Executlve Offlcer.. Mr N HaNood Trustees: Mr Stuart Gilbert Rance (reslgned 4 July 2024) Mr Davld Char18s Elstone Mrs Claire Tough Ms Julie Sarah Blggs - Vice Chalrperson Mr Richard Turner- Vlce Chairman Mrs Stephani6 Noyce Mrs Maggie Fork8s (resigned 31 May 2024) Mrs Jodie Loveday - Treasurer Mrs Ethna Bashford Mlss Lauren Holland Chalr.. Mr 08vid Charles Elstone (from July 2024) Mrs Viclorla Tr8bllccck (resigned 31 July 2024) Mrs Claire Trunks (appointed 31 July 2024) Secretary: Stalement of trustees, rgsponslbllltlos The trustees (who are also the dlrectors of Young Som8rs8t for the purposès of company law) are responslble for preparing the Iruslees, report Ilncorporating the dlrectors, report} and the flnanclal statements In accordance wlth appllc8ble law and Unlled Kingdom Accountlng Standards, including FRS 102 "The Flnancial Reportlng Standard applicable in the UK and Rapublic of Ireland" (Unlted Klngdom Generally Accepted Accounting Practlce). Company law requires the trustees to pr8pare financlal statements for each flnanclal year which give a true and faSr vlew of the state of affalrs of tha charltable company and of the Income and expenditure, of the charltable company for that perlod. In preparing these financial statemgnts, the Irustees are requlred lo.. select sultable accounllng pollcies and apply them conslstently; observe the methods and princlples In the Charitias SORP: make judgements and accounting eslimates that are re8sonable and prudent. stale whether applicable UK Accountlng Standards have been followad, subject to any materlal departuras disclosed and explalned in the financlal statements., and prepare the financlal statomants on the golng concern basis unless It Is Inappropriate lo presume that the charltsble company will continue In busln8SS. The trustees are responsible for m8intalning proper accountlng rècords which dlsclose wlth reasonab18 accuracy al any tlme the flnancial posltion of the charitable company and 8n8ble th8m lo ensure thal the flnancial statements comply wllh the Companies Act 2006. They are also responslble for safeguarding the assets of the charllable company and henc8 for taking reasonab16 Steps for the pr8ventlon and detection of fraud and other Irregularities. Page 8 Young Somerset Trustees. Report (continued) The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charilable companys website. Legislation in the United Kingdom governing the preparation and disseminatlon of financial statements may differ from legislation in other jurisdictions. In so far as the trustees are aware.. there is no relevant audit Informatlon of which the charitable companls audltors are unaware: and the trustees have tak6n all steps that they ought lo have laken to make themselves aware of any relevant audlt information and to establish that the auditors are aware of thal Information. Mr David CharlesEl8ti?ne Chalrman and trustee Page 9 Young Somerset Independent Audltor's Report to the Members of Young Somerset Oplnlon We h8ve audited lh8 financial statemenls of Young Somerset (the charitable company) for the year ended 31 March 2025, which comprlse the Statement of Flnancial Actlvitles. Ba18nce Sh8et, statemant of Cash Flows, and Not8S to the Financial Statements, including a summary of significant accounting policies. The financial reportlng framework that has been applleé in their preparatlon Is United Kingdom Accounting Standards, comprlsing Charities SORP FRS 102 The Financlal R8POrting Standard applic8ble in the UK and Republic of Ireland, and appllcable law (United Kingdom Generally Accepted AccounlSng Practice). In our opinion the flnanclal stslements.. glve a true and falr view of the state of the charltable companys affalrs as 8t 31 March 2025 and of its incoming r8sources and application of resources, including ils incomo and expenditure, for the year then ended: have been properly prepared In accordance wilh Unlt8d Klngdom Generally Acc8Pted Accounllng Practice., and have bean prèpared In accordance with the requlrements of the Compani8s Acl 2006. Basls for oplnlon We conducted our audlt Sn accordance with Intematlonal Standards on Auditing (UK) IISAS (UK)) and applicable law. Our respon$ibili116s under those standards are furthèr descrlbed In th8 audStor responsibili118s for the audlt of the financlal statemenls section of our report. We are independent of the charltable company in accordance with the athical r8qulr8m6nls that are relevant to our audSt of the financial stalem8nls In the UK, including the FRC'S Ethical Stsndard. and we have fulfilled our other 81hlcal responsibilitie5 in accordance wlth these requiremants. We bellev8 that the audll evldence we hav8 obtained Is sufflclent and approprlate to provlde a basis for our oplnlon, Concluslons rolatlng to golng concern In audltlng the flnanclal statements, we hava concluded that the tru8tegs us8 of the golng concern basls of accounting in the preparatlon of the financial sl8t8ments Is approprlate. Based on the work we have performed, we h8V8 not Id8nt1fl8d any materlal uncertalnlles relatSng lo events or condlllons that, Indlvidually or colleclSvely, may cast significant doubt on the charitable compan￿$ ability lo continue as a going concern for a perlod of at least ￿e1ve months from when the origin81 financlal statements were authorlsed for Issue. Our responslblllll8s and Ihe responslbilltles of the tru8tee8 With respect to golng concern are descrlbed In the relevant sections of thls report. Othor Informatlon The trustees are responsible for the other Informallon. Th8 Other Information comprises the Informatlon Included in th8 annual r8POrt, other than the financlal slatements and our audltor's report thereon. Our opinion on the financial stalemenls does not cover the olhgr information and, except to the extent otherwlse expllcltly staled In our report, we do not express any form of assurance conclusion thereon. In connection with our audlt of the financial ststemenls, our responsibility Is lo read the other information ané, In dolng so, consider whether the olher information is materia15y inconsistent with the flnancial statements or our knowledge obtained in the audlt or otherwise appears to be malerially mlsstated. If we identify such malerlal inconsistenci8s or apparent materlal misstatements, we are r8quired to d8t8rmlne whether Iher8 is a materlal misstatement in the flnanclal statements or a ma18rlal mlsstatement of the other Information. If, based on Iha work we have performed, we conclude that there is a material mlsslatement of this oth8r inform8tlon, we are requir8d lo report that fact. We have nothlng lo report in this regard. Page 10 Young Somersel Independent Auditorfs Report to the Members of Young Sornerset (contlnued} Oplnlon on other matter prescrlbed by the Companlos Act 2006 In our opinion, based on the work undertaken In the course of the audit: the InformatSon given in the Trustees, Report (whlch indudes th8 Strategic report and the dlrectors report) pr8par8d for the purpose of company law for the financlal year for which the financlal ststements are prepared Is conslslent wilh the financlal statements. the Trustees, Report (whlch Includes the directors report) has been prepared In accordance with applicable legal requlrements. Mati8rs on whlch we are requlred to roport by •xceptlon In th8 Ilght ol our knowledge and understandlng of the charllab16 company and its environment obtained In the course of the audil. we have not Identlfled material mlsstat6ments in the Trustaes, Report, Includlng the strateglc and dlrectors reports. We have nolhlng to report In respect of the following matters where the Companles Act 2006 requlres us lo r8POrt to you If, in our opinion: adequate prop8r 8ccountlng records hav6 not b8én kept, or retums adequate for our audlt have not been recelved from branches not Visited by us. or the flnanclal statement8 are not in agreement wlth the accountlng records and returns; or certaln dlsclosures of trustees remuneration spectfied by law are not mada,, or we have not recelved all the information and explanatlons we requlre for our audll: or the trustees were not entltled to prepare the financlal statements in accordanc8 With the small companies reglme and take advantage of th8 small companles, exemptions In preparfng the trustees, report. R•8pon8lbllltle8 of tru8t••8 As explained more fully In the St8t8ment of Irustees, responslbllllies 3,261.236 {18.197) 3,522.407 261,171 Tot81 expendlture Nel incomel{8xpendSture) Transfers b8tween funds 3.279.433 261,171 3,540.604 126,771 18,483 (23,185) 18,483 103,586 Net movement Sn funds 108,288 (4,702) 103,586 Reconclllatlon of funds Totsl funds brought forward 458,725 4,914 212 463,639 Total funds carrled forward 21 567,013 567,225 Unrestrlctod funds Restrlctod funds Total 2024 Not Incom• Donatlons and legacies Charltable actSvltles Other tradlng actlvities 24.168 3.187,672 76.282 6,523 128,916 30,691 3,316,588 76,282 Total incom8 3.288,122 135,439 3,423,561 Expendlture Raising funds Charltsble activities {20,237) 3.457,472 120,237) 3,587,997 130,525 Total expendlture 3,477,709 130,525 3,608,234 Net (expenditure)Ilncome Transfers between funds 1189,587) 8,748 4,914 8,748 {184,673) Net mov8m8nt In lunds 1180.839) (3,8341 {184,673} Reconclllatlon of funds Total funds brought forward 639,564 8.748 648,312 Totel funds carriaé forward 21 458,725 4.914 463,639 The notes on pages 17 to 29 form an Integral part of these financial slat8ments. Page 14 Young Somerset (Registration number: 03363009) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assets 15 36,881 66,269 Current assets Stocks Debtors Cash at bank and in hand 16 17 6,764 400,895 7,260 124,437 558 472 1,114,660 690,169 Credltors: Amounts falllng due wlthin one yeaf Net current assets 18 292 799 530,344 567,225 397 370 Not assets 463 639 Unrestricted funds Restricted funds 567,013 212 458,725 Total fund8 21 Thes& financial staloments hsve beèn prapared in aC￿rdanCe with the special provisions relating 10 companies subject to tha sm811 companies regim6 Within Part 15 of the Companies Act 2006. The financial statements on pages 14 to 29 were approved by the trustee8, and authorised ft)r issue on .2slo61zs.. and signed on their behalf by.. r David C arles Elstone Chairman and trustee The notes on pages 17 to 29 form an integral part of these financial 5taternent5. Page 15 Young Somerset Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from oporatlng actlvltles Net cash Incomell8xpendSlure) 103,586 (184,673) AdJustm•nl8 to cash flows from non•cash Itèms Depreciation Investment Income 41,888 37 48,282 145,437 (136,391) Worklng capltal adJustm•nts De¢reasel{increase) in stocks {InGreaseVdecrease in debtors Incr8as8 In credltors Increaselldecrease) in deferred income Net cash flows from operatlng actlvities Cash flow8 from Invesllng actlvltl•• Interest receivable and similar Income Purchase of t8nglble flxed assets 16 17 18 18 496 (276.458) 47,914 243 603 (1.792) 14.649 12,844 235,132 160,992 345,822 37 12.500 15 39,377 Net cash flows from Invèstlng acllvllles 12,463 39,377 Net Increas81(decreas8) In cash and cash equlvalents Cash and cash equlvalenls at 1 Aprll Cash and cash equlvalents at 31 March 148,529 558,472 {385,199) 943,671 707,001 558,472 The notes on pages 17 to 29 form an Integr81 part of these Ytnancial stal8m8nts. Pag8 18 Young Somarset Notas to the Flnanclal Statements for the Year Ended 31 March 2025 1 Charlty status The charity Is limlted by guarantee, incorporaled In England and Wales. and consequently does not have share capital. E8ch of the trustees Is Ilable lo contribute an amount not exc8edlng £1 towards the as88ts of th8 charlty In Ihe event of liquldatlon. The 8ddr8ss of Its reglstered offlce Is.. Unlt 5-6 Thlstle Park Crossways Road 8rldgwater Somers8t TA6 6LS 2 Accountlng pollcles Summary of slgnlfl¢ant acGountlng pollcles and k•y aG¢ounllng •stlmatg8 The princlpal accounllng poliGles applled In the pr8paralion of thes6 financl81 statements are sat out below. These pollcles have been conslstently applled to all the years presented, unless otherwlse stat8d. BaslB of proparatlon and statoment of compllanca The flnanclal statements have been preparéd under the hlstorlcal cost conventlon wlth Items recognlsed at oosl or transactlon value unless stated otherwise wilhSn these notes. The flnanclal statements have been prepared In 8ccordance wlth Accountlng and Reportlng by Charllles: Statement of Recommended Practice (8ppllcable to charities preparlng thelr accounts Sn accordance with thè Flnanclal Reportlng Standard appllcable in the UK and Republlc of Ireland {FRS 102)) (Issued In Oclob8r 2019) - {Charltles SORP (FRS 102)), the Financial R8POrtlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) and the Companles Act 2006. Young Somers8t meets th8 definllion of a publlc beneflt entlty under FRS 102. The pr6sentstlon currency of the financlal ststements Is the Pound Sterling (£) rounded to the neare8t pound. Golng concern The trust88s conslder that there are no malerial uncertalnties about the charitys abillty to contlnu8 as a golng concern nor any slgnlficant areas of uncertalnty that affect the carrySng valu8 of assets held by the charity. Incomg All Income is r8cognSsed once the charlty has entitlement to the income,11 is probable that the Income will be recelved and the amount of the income rec8lvabla can be measured reliabw. Page 17 Young Somerset Notes to the Flnan¢lal Statements for tha Year Ended 31 March 2025 (contlnued) 2 Ac¢ounllng pollclos Icontlnuad) Donations are recognised when the charity has been notified In wrlting of both th8 amount and S8tt1ement date. In the event Ihal a donatlon is subject to condilions that requlre a level of performance by the charity before the charity is entitl8é to the funds. Ihe income Is deferred and not racognlsed until elther those condltions are fully mot, or the fulfilm8nt of those condltlons is wholly within the control of the Gharlly and it Is probable that these conditions will be fulfilled in the reporting perlod. Incom8 from grants and contracts, r8latlng to charitable activities are recognised In the Statemenl of Financial Actlvlties when receivab18. If there Is a Service Level Agreement or Contract in place income Is taken into account in the perlod to which it relates. Where grants and contracl income recelved have condltlons or reslricllons as to their use attached the income Is recognised as restricted Income funds. Whore no such condltlons or reslrlctions exisl, grants and contract income received are recognised as unrestricted Incom8. Glft ald Income from lax reclaims are Included In the Statement of Financi81 Actlvlties at the same tlme as the gift to whlch they relate. Investment Income Dlvldends are reccgn18ed once the dividend has been dèclared and notlflcation has been rec8iv8d of the dividend due, Expendltur8 All exp8ndllure Is recognlsed once there is 8 legal or constructiva obllgatlon to that expendlture, it is probable settlement Is required and tha amount can be measured reliably. All costs are allocat8d to the appllcable expendlture heading that aggregate similar costs to that category. Where costs cannol be dlrectly attrlbuted to particular h8adlngs they hav8 been allocated on a basis conslst9nt wlth the use of resources. Ralslng funds Th6se are costs Incurred in altractin9 voluntsry incoma and those Incurred in tradlng activit185 that raise funds. Charltable actlvltlès Charltable expendlture comprises those costs incurred by the charity In the delivery of Its activltles and services for Its beneficiarles, It includes both cosls that can be allocated directly to such actlvlties and those cosls of 8n Indlrect nature necessary to support them. This includes costs in relatlon to both the shop and cafe whlch are operated to leach lifo skills and provid8 work experience. Governanco cosls These Include the costs attrlbutable to the charity's compliance wlth constitutlonal and statutory requirements. including audit, strategic management and trustees m8etings and relmbursed expenses. Irrecoverable VAT Irrecoverable VAT Is charged against th6 category 8xpenditure for whlchll was incurred. Page 18 Young Somerset Notes to the Financial Statements for the Year Ended 31 March 2025 (continuod) 2 Accountlng pollcl88 (contlnued) Taxatlon The charlty Is a registered charlty and Is, therefore. &x8mpt from Ilablllty to taxatlon on ivs Incom8 and capital galns, to the extenl that such Income or galns ar8 applled excluslvely to charftsble purposes. Tanglblo flxod assèts Indlvldual fixed assets costlng £500 or more are Inltlally recorded at cost, less any subsequent accumulated depreclatlon and subsequent accumulated impalrment losses, Depre¢latlon and amortlsatlon Depreciation Is provlded on tanglble flx8d assets so as to write off the cosl or valuatlon, les5 any altlmat8d r8sidual value. over thelr expected useful economlc Ilf8 8s follows: Asset class Motor vehlcles Furnlture and equlpment Dopreclatlon method and ratg 330h raduclng balanc8 330A stralghl Ilne Stock Slock Is valued at the lower of cost and estlmatad selling prlce18ss costs to complele and sell. after due regard for obsolete and slow moving stocks. Cost Is delermlned uslng the average c03t method. Cash and cash equlval•nts Cash and cash equlvalents cotnprise cash on hand and call deposits, and other short-term hlghly liquid Snveslments that are readlly Convertible lo a known amount of cash and are subject to an Inslgnificant rlsk of change In value. Fund structuro Unrestrlcted Income funds are general funds that are available for use at th& trust88s discretlon In furtherance of the oblectlves of the charlty. Deslgnated funds are unrestrlcled funds Set aside for sp8clfic purposes at the dlsGretlon of Iha trustees. R8Strlcted income funds are those donated for use In a partlcu18r are8 or for speclflc purposes, the use of whlch Is restricted to that 8r88 or purpose. Flnanclal In8truments The charlty only enlers Into baslc flnanclal instruments thal r8suIt in the rècognition of flnancial assets and Ilabililies such as trade and other debtors and credltors together wllh loans to related parti8s. Debt Instruments. such as trade debtors and credltors, are Inltlally measured at transaction price and subsequently measured at amortlsed cost. Flnanclal ass8ts are 8sses5ed al the end of each reportlng period for objective 8vid8nc8 of Impalrment. If objectlve evidence of Impalrment Is found, an impairment loss Is recognlsed In the 5ncDm8 statement. Page 19 Young Somerset Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (continued) 2 Accountlng pollcles (contlnuod) Crltlcal accountlng Judg8menls and estlmallon uncertalnty Thg preparation of the financiBI s18t8ments In Conformlly with FRS 102 requires management to make Judgements, estimates and assumptlons that affecl th8 appllcailon of pollcl&s and r6POrted amounts of assets and Ilabllltles, Income. and expenses. Estimates and judgements are contlnually evaluat8d and ar6 based on hlstorlcal axperlence and oth8r factors, Including expectations of futur8 events that are believed to b8 reasonable under the circumstances. The charlty makes estimates and assumptlons concemlng the future. The resultlng accounting estimates will, by definition, seldom equal the relaled actual results. The Trustees conslder that thera are no crltlcal accounting estimatas and Judg8m8nts whlch have a significant risk of causlng a material adjustment to the Carr￿ng amounts of asset5 and liabllltles wlthln the next financlal year. 3 Income from donatlons and logacles Unreslrlcted funds Re5trlcted funds Tolal funds Donations Other income 43,072 7,376 1,076 44,148 7,376 Total for 2025 50,448 1,076 51,524 Donelions other Income 18,578 5,590 6,523 25,101 5,590 Total for 2024 24.168 6,523 4 Charltablo actlvltl•8 Unrestrlct8d funds Restrlct•d funds Total funds Income from Government and Olh8r Publlc Authorities Income from Charltabl8 Organlsatlons 3,166,742 114,436 87,092 149,818 3,253,834 264,254 Total for 2025 3.281,178 236,910 3.518,088 Income from Gov8rnment and Olher Public Authorltles Income from Charltable Organlsations 3.097.542 90,130 4.914 124,002 3.102,456 214,132 Total for 2024 3.187,672 128,916 3,316,588 Page 20 Young Somerset Notes to the Flnanclal Stalements for the Year Ended 31 March 2025 (contlnued) S Income from other tradlng actlvltlos Unrestrlctod funds Re61rlcted funds Total funds Shop income from sale of purchased goods Total for 2025 74.541 74,541 74,541 74,541 Shop Income from sale of purchased goods Tolal for 2024 78.282 76,282 76,282 76,282 6 Invostmont Incom• Unr•8trlcted fund8 Gen•ral Total 2025 Interest receivable and slmllar Income; Int6re8t recelvable on bank deposlis 37 37 37 37 Unrestrlct•d funds G•noral Total 2024 Interest rec&lv8ble and simllar Incoma; Intarest r8¢8ivable on bank deposlls 7 Exp•ndllur• on ralslng fund• a) Other cost8 of gon•ratlng donatlons and1ggacl•s Unrestrlcted funds R•strlcted funds Total fund8 0th8r dlrecl costs 18,197 18.197 Total for 2025 18.197 18,197 othar direcl costs 20,237 20,237 Totsl for 2024 20,237 20,237 Page 21 Young Somerset Notes to the Financial Statements for thè Year Ended 31 March 2025 (contlnued) 8 Expendlturo on charltable actlvltlo8 Unrestrlcted funds R&slrlctod funds Total funds Note Youth services Depreciation, amortlsallon and other sSmSlar costs Grant funding of actlvltles staff costs Govemance costs 476,483 154,022 630,505 40,388 (129) 2,645,940 98,554 3,261,236 1,500 1,364 104,285 41,888 1,235 2,750,225 98,554 Total for 2025 261,171 3.522,407 Youth seNlces Depreciation, amDrtlsatlon and other slmllar costs Grant fundlng of aclivilies Staff costs Governance costs 616,158 616,158 48,282 4,381 2,674,776 113,875 48,282 4,381 2.805.301 113,875 130,525 Total for 2024 3,457,472 130,525 3.587,997 Youth 8eNlces contalns £172,038 of staff costs (2024.. £171,691) 9 Analysls of governance and Support costs Governance c08ts Unrostrlcted funds Rg8tTlct•d fund8 Total funds Audlt fees Legal fees Other governance costs Total for 2025 10.710 84,928 2,916 98.554 10,710 84,928 2,916 98,554 AudSt fees Legal fees Other governance costs 9,000 101,639 3,236 113.875 9,000 101,639 3,236 Total for 2024 113,875 Page 22 Young Somerset Notes to the Flnanclal Statements for Ihe Year Ended 31 March 2025 (contlnued) 10 Not Incomel(expgndlture) Net Incomel{expendlture) resources for the year Include: 2025 2024 Audlt fees Depreclallon of fixed assets 10,710 41.888 9,000 48.282 11 TrustO05 remuneratlon and •xpèn3o8 No trust6es, nor any persons connected wlth them, have recelved any ramuneratlon from the charlty durlng the yeer {2024: None). No trustees have recelved any relmbursed expenses from the charlty during th8 year (2024: None). 12 Staff costs The aggregat6 payroll costs were as follows: 2025 2024 Wage3 and $818rles Soclal $8curlty costs Penslon costs Other 8taff costs 2,532.525 220,857 66,943 1 Q1,939 2,922,264 2,626,284 225,732 67,771 57,205 2,976,992 Other staff cost8 above Includ8 staff tralnlng costs. 2025 2024 Average Haadcount 105 109 The monthly average number of person6 (lncludlng senlor man8gement I leadership team) employed by thg charlty during the y8ar expressed as full tlme equivalents was as follow8.. 2025 2024 No Youth wotk8rs Health & wellbelng Management Other 21 45 24 41 10 17 84 92 Page 23 Young Somerset Notes lo the Flnanclal Statements for the Year Ended 31 March 2025 (contlnued) 12 Staff costs (contlnuad) The number of employees whose emoluments fell within the followlng bands was: 2025 2024 No £60.001- £70,000 £80,001- £90,000 £90.001- £100,000 The kéy manag8m8nt personnel of th8 charlty consists of the Chlef ExecutSv8 Officer, Head of Sèrvlce W811b8lng. Head of Service- Targated Youth and H8ad of S&rvlce - Flnance & Enterprisé. The tolal 8mployee beneflts of the key management personnel of the charlty were £305,225 (2024 £323.4011. During the year th8 Ch8rSty made settlement Payments of £13,001 (2024: £nll). 13 Audltor8' remunératlon 2025 2024 Audit of the financial stat8m6nts 10,710 9,000 14 Taxatlon The charlty Is a reglstered charily and Is therefore exempt from taxatlon, to the ext8nt such Income and gains is applied to charitable purposes. 15 Tanglble flxed a88ets Furnllure and oqulpment Motor vohlcles Tolal Cost At 1 AprS12024 Additions 166.851 12,500 45,100 211,951 12,500 At 31 March 2025 179,351 45,100 224,451 D•preclatlon At 1 April 2024 Charge for the year 107,603 39.571 38,079 2,317 145,682 41,888 At 31 March 2025 147,174 40,396 187,570 Nol book value Al 31 March 2025 32,177 4,704 36,881 Al 31 March 2024 59,248 7,021 66,269 Page 24 Young Somerset Notes to Ihe Flnanclal Statements for the Year Ended 31 March 2025 (contlnued) 16 Stock 2025 2024 Stocks 6,764 7,260 17 Dèbtors 2025 2024 Trade debtors Prepa￿nentS Accruéd income 305,719 90,064 5.112 39,790 84,105 542 400.895 124,437 18 Credltors". amount8 falllng du• wlthln one year 2025 2024 Trade credltors Other taxation and soclal securlty Other credltors and aGGruals Deferred Income 163,317 56,386 88,074 276,539 584,316 165,013 51.224 43,626 32,936 292,799 19 Obllgatlons undor lea•e• and hlre purchasè contracts Op•ratlng l•ase commltments Total future mlnlrnum lease payments under non-cancellable operatlng leases ara as follows.. 2026 2024 Land and bulldlngo Wlthln one year BetrNe8n one and five years 31,934 72,329 104,263 11,000 8.250 19.250 Equlpment Withln on8 year Behveen one and five years 3,930 4,277 8,207 2,807 4,924 7,731 Page 25 Young Somerset Notes to the Flnancial Statements for the Year Ended 31 March 2025 (continued) 20 Ponslon and other 8chgmes D8flned Conlrlbutlon penslon s¢hom8 Th& charity OP8rat8s a deflned contribution penslon scheme. The pension cost charge for Ihe year represents conlrlbutlons payable by the charity to the scheme and amounted lo £66,943 (2024 £67.771) 21 Funds Balance al 1 Aprll 2024 Balance at 31 March 2025 Income Expondltura Transfors Unrg8lrlct¢d funds General Fun 458,725 3,408,204 (3,279,433) (18.4831 567.013 Rostrlcted funds Alt8rnatlvé Educatlon Provision STAR Social Enterprise Targeted Youth Support 44,127 1,218 131,283 61,358 237,986 (44,127) {1,006) (136,197) 79,841 281.171 212 4,914 18.483 4,914 18.483 212 Total funds 463,639 3,644,190 3,540,604 567.225 Page 26 Young Somerset Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (contlnued) 21 Funds (contlnued) Balan￿ at 1 Aprll 2023 Balan￿ at 31 March 2024 Income Expendlturo Transfer8 Unrestrlcted funds General Fund 411,564 3,288,122 (3,477,709) 236,748 458,725 Deslgnated funds Deslgnated Fund 228.000 228,000 Total unro8lrlct•d funds 639.564 3,288,122 3.477.709 8,748 458.725 R•strlcted fund8 RAISE Altematlva Educatlon Provlsion Ski118 Development Wallbeing STAR Social Enterprlse Targeted Youth Support 7,526 (7,526> 971 (971) 8,748 (8.748) 19,865 30,563 14,914 61,600 135,439 (19,865) (30,563) (10,000) 61.600 130 525 4,914 8,748 4,914 Total fund8 648,312 3.423,561 3,608.234 463,639 Pag8 27 Young Somerset Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (contlnued) 21 Funds (contlnued) Deslgnated Funds Designated Fund - Designated funds 8r8 unrestricted funds sel aslde for sp8cific purposes at the discr8tlon Df the trustees. Designated funds were fully utilis8d In the previous year. Rèstrlct8d Funds RAISE - Is Young Somerset's team that works towards Racial Awareness. Inclusion. Support and Educatlon. Allernatlve Education Provlslon & Skllls Development Young Somerset's unique provlsion uslng youth workers to support learnlng for chlldren ané young peopl8 nol in education, employment or training (NEET) and for whom mainstream educatlon provislon does not work. This includes support to help develop young people's skllls and formal accredltatlon. Our AEP provision Includes Young Rangers. This provldes an excltlng opportunlty for young people aged 12-16 to spend time In the Quantocks alongslde formal skllls developmenl. Skllls Development - A project to assisl young p8ople In acqulrlng the skills need to secure futur8 employment and manage to Ilve independently. Wellbeing - Communlly Wellbelng Is deliverèd through Low-lntenslty Cognitiv8 Behavioural Therapy for mild-lo-moclerate mental health dlsorders. we also provide peer support, group wotk and support for parents. STAR - STAR'S alm is lo provlde funding opportunltles for childrèn and young people 0-21 years, to build and develop reslllence through taklng part In music, sport, art and recreallonal activltles. Soclal EnterprSse - Our Soclal Enterprlse offer is delivered through out Bold and Brave Shop and Café, Youth workers work alongslde young people In the Shop to teach Ih8m Ilfe skllls through workSng In 8 buslness envlronm8nt through both running the shop and also making the goods to sell In the shop. We also support young entrepreneurs to set up thelr buslness and work with other retall sector experts to expand their buslness. The Café opened In Taunton Llbrary In June 2023 and we support young people to develop skills to enable them lo secure employment wllhln the hospltality sector. Targeted Youth Support - TYS is d81lvered through our Jigsaw, Off Ihe Werd 8nd We've Got Thls Projects. The Jigsaw Prolecl is for young people who have had a rècenl hospllal admlssion for their mental he81th difficulties or low emotional wellbeing. Current outcomes data shows we helped reduce tha hospital readmisslon rate by 700/a. Off the Ward Is shaped to provlde a safe spac8 for young people with medlcal needs to dlscuss their Ilves and wallbeing away from a cllnlcal setling. thls work is currently commissioned wlthin th8 Dlabetes Teams (Yeovll Dlslrlct and Musgrove Park Hospit81s) and Oak Ward (MPH). We've Got Thls offers the opportunlty for young people lo self-refer to a peer mentor who can help support them to understand thelr own joumeys and what they can do to make their own Informed decislons for chang8. Page 28 Young Somerset Notes lo the Flnancial Statements for the Year Ended 31 March 2025 (continuod) 22 Analysls of net aBS8t8 bgtween funds Toial funds at 31 March 2025 Unrèstrlcted funds R•slrlcted funds T8nglble fixed assets Current assets Current Ilabilitles 36,833 1,114,496 584,316 48 164 36,881 1,114,660 584,316 567,225 Total net assets 567,013 212 Total funds at 31 March 2024 Unrestrlctsd funds Restrlcted funds Tanglb16 fixed assets Current assets Current Ilabllllles 66,269 685,255 292,799 66,269 690,169 292,799 4.914 Total net a$$ets 458,725 4,914 463,639 23 Rol8t•d party tran8actlon8 There were no relaled party transactlons in the ye8r (2024: None). 24 Non-adJu8tlng •vents aftèr th• flnanclal p•rlod Since the year end, th6 charftabl8 company has entered Into a further operatlng lease commltment. The lease18 for a four year period at a cost of £10,000 per annum. Page 29