REGISTERED COMPANY NUMBER '. 3939801 IEnBland arjd Walesl REGISTERED CHARITY NUMBER- 10811754 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR TO 31st AUGUST 2023 FOR YOWHSCAPE LIMITED Higginson & Co IUKI Ltd Ststutory Auditors 3 Ken5WOrth Gate 2CQ- 204 High Street SoLrth Ounstable Bedford5hire LU6 3HS IIIIIIMIIII *I￿5)TR5• 2YIO512024 COMPANIES HOUSE A11 #285 Youthstape timited Reference and Adrninistrative details Re8lstered Company nurnber 3939801 IEngland and Wale51 ReWstered Charfty nufflber 10811754 Reglstered offlc• Youthscape Ltd 74 Bute Street Luton Bedfordshire LU12EY Trustees Or N Adamu Mr A Course Rev A Gardner {reslgned 28 April 20231 Mrs T George lappointed 18 Marth 20241 Rev T Lomax Mrs A Smith Iresi8ned 21 March 20231 Mrm Summerfield Bank HSBC 63 George Street Luton Bedfordshire LUI 2AP Audltor Mr D M Brown FCA Hi88inson & Co IUKI Ltd Statutory Auditors 3 Ken5WOrth Gate 21KI- 204 High Street South Dunstable Bedfordshire LU6 3HS Youthscape Limited Contents Page Refereno and Admlnistrative details Report of the Tfustees of Youthscape............................................. Report of the Independent Audrtor5...... ..... ... Consolidated Statements of Financial Aciiwties........... ......... .10 13 Statements of Financial Position. 14 Consolidated Statement of Cash Flows......-.........-..........-.................................................. .15 Notes to the statement of C3sh Flows...... 16 Notes to the Financial Statements...........-........................................ 17 Youthscape Limited Report of the Trustees of Youthscape Introduction from the Chair -ervin8tho noods of young people in Luton and aeroJJ the This year markr thtthirtioth Jnniveryary ofyo￿hSUPo- UK. W¥ lire exiieinely proud not unly thiiiily's aChIe￿ment but also olthe commltted Eeam of ￿aff and ¥olunteer5 whg make that possible. In the last year the charity has continued to grow and innovate to respond to the changing needs of young people and thoure who seTVC thcm. Ncw projetLr have emergcd, particular￿ the national expansion of Launchpad helpin8 churches develop youth work in their communi(ies. The Board havc rJUPPOrtcd thc Chicf Exectuive and LeaderJhip Team in theA developmcnts ond cn5ured that this work i.. ￿oUnded in robutt financial managcmcnt and bcJt prorticc in JJfcguordin8. Thc charity lj in a rong posltion to continue to move forward$ In the coming year and. we hope, make a meanw-nful drfference to thousands more youn8 live5. To see thèm thrive in every aspect of their lives remains ouf focus and the reason for our existence. Matt Summerfield Chalr Charitable Objectives Youthrcupe dovclop4 innov)tive approaches to workingwith youn8 people, especially those who are socially and emotionally disadvanta8ed. From its base in L￿tOn. our work has gained a reputation for using new ways of workin8 that engaEe young people and help thcm ovcrcomc pcrsonJl chJllengca. auth as being in care. those at risk of bèing NEET and those stnjggling wff¢h issues 5uth as anxiety or sew-harm. which are impatting them per50fbally and educatlonally. These are shared widelythrou8h our nationa5 work offeriftgtraininB and resourtt5 to te3chers. professionals and youth workers. The th3rity is proud to havo 3 rtrong reputstion for child centrcd work that IJ wclcomins and cnEasin& a5 well as being rooted in Bood principlcs Jnd prarticc. 11 work• Jlong5idc a hbghly diverse population in Luton ha r with thc local outhority. xh¢)ol:: faith group dovelopod strong partnership. r and local buinv44¢5. The objects af the tharlty are.. lil advancin8 in life and helping young people by dèvÈlopinÉtheir skilLs. capacities and capabilit￿5 to enable them to participate in society as independent, mature and responsible indtviduals- lill relieving poverty, sufferin8 and distress amon8 youn8 people by the Provision of advice, cDunsellin& infofmatiort and support- liiil advancin8 edutation by providine personal development proerammes and ujursès for young people and by prowding resources. training and advice to those workingwith them- and liv} advanting thè Christian faith by helplftg members of thè public to devèlop spiritually. sotially. emotionally and in their education. partiCLtlariy but not txdusivety youn8 people and those workin8 Wlth youn8 people. Youthscape Llmited Report on Activites and Impact Youthscape works d1￿CtlY with young people, particularly In Luton, resources those acr05S the UK who do the same, and carrie5 Out research to better urbderstsnd the needs we are addressin& In thi5 Past year wr dirert work with youn8 people has continued in Luton. particularly through the services we offer at our youth ccntrc, Butc Mill- Morc than teena8er5 have participatèd in ailivilie5 in the last twelve months, includin8 our bn8-Standing Compass and Fearless programmes that serve students in lotal schoo15. Thèse projerts help address the social and emotional barrers that are preventing some young people from achieving their potential in education. More than i.sJ)J young people have requested help through Alumina. our free online support pro8ramme for sèlf- harni. This work ts just part of our wider strate8y to address young people's mental health and remains a key focus of our artivities. In August 2023 we held our second summer event for young people in churches Kross the UK: Satellite& We were delighted that numbers increased from our yearto more than 2.5￿. Whilrt the costs of 5tagin8 the event remain a challenge. we are confident that this event is making a lasting impact in young people's lives. Youth5cape provides an extensive range of seNicès and resources to those who are working wtth young people across the UK- particularly through churd)es. This has been an excytin8 year of development in many ways- we have de$Ign￿ and dèvèltspÈd rÈsourtès that addrèss anti-ratism. mental he3￿h and Christian dt%tpleship. We have held national training events for youth Workers. including more that nine h¥Jndred attendee5 at the 2022 National Youth Ministry Weekend. Throu8h a partnership with the Church of En8land and fvndingfrom The Benefact TrusL we have been able to substantially Brow our national work- and consequently our impart and the number of youn8 people's lives we indirectly benefft. More than one thousand churches have received help from the charity in the last year toward5 their own work with young people. The Youthscape Centre for Research contlnues to grow in IVS scope of work. In this past year a major new research programme. Translating God. was d￿eloped and launched. The findings are being published in late 2023 and 2024 and will help the church undefstand what r¢ means to be a teenager in the UK at this time. and how young people understand and respond to the Christian faith. The Centre also continued tp publish a range of other research and it's quarterly digest The Storf. Principle Capital Developments for the Year There was no Capital development during this period. Strategic Planning and Sustainability Youthscape is focused on buildlng a sustainable organisatitin that can make an impact in the lives of young people fof many years to come. In orderto be able to Successful￿ delI￿r our work. the Board. together with the Leadership Team, know that it is vital to develop 5tron8 foundations that include= Clear vlslon ond strnte9lc plort wlth milestones A comprehensive stratègy. and burdiners plan is vital to enable us to •¢hieve our vision. The CEO dnd Leadership Team work closely with the Board to develop this strate8y and review progre55. Youthscape Limited Stmn9 9ovemonce Every organisation should be led ènd ¢ontrollÈd by an effertive 8oard of Trustees which collectively ensures delivery of Its objects, séts its Strate8ic dtreetion and upholds its values. Youthscape's Board are Collertive￿ responsible and accountable for ensurin8 and monitoring that the or8anisation is performin8 well. is ￿l¥￿Tht, and complÈe5 Wlth all its obli8ation5. In the past year we have worked to expand the &)ard both in numbef of Trustees and in diversity. We will continue this in the comin8 year as well as introducin8 add￿onal training for Board rnembers. Our l¢)nger term plan is to expaDd the Board frc¥n the current five members to a total gf ei8ht. Highly tr•inedgnd motlvatedstoff Youthscape believe our staff are our mosl precious asset and we take their development serlousw. As part of this commitment. staff are offered a wide range of in-house trairiin8 as well as exiernal CPD and re8ular staff retreats. Effectivesofrguordingprnrtlce Our comrnitment to best practice in safeguarding continued in this Past year. We have three safeÈuarding offi￿r5 who are responsible for managing and implementing the safeguardin8 policies. We completed our annual revtew of these policies and updated them to refiect recent 1e8ts1at￿n and advice. We also C￿tinUed to carry out trainin8 with all staff to ensu￿ these policies are fully implemented. Flnuntiolstabttfty Our Wofk with young people must be underpinned by good management of our resources to ensure we can continue this work in the long term. Developing and d￿ers￿Ing new income streams 15 Vital to ensure that we have greater financial stability. We believe this aspert of our organi5ation 15 every bit as critical a5 the impaLt of our direL work with young people. Monagementof risk Youthstape has a robust rlsk management polrcy and this is regularly wewed bythe Board of Trustees. We are determined to create an or8anisatton that can withstand intemal and e￿e[nal challenges and tontinuè to deliver our vision and aims. Recruitment and appointment of Trustees New Trustees are approached depending on the skill base requirements of the charTty and the experience of the individual. A process of informal and then fornial interyiew5 take place before any appointment IS Putto the Board and ratified. Induction and Training of New Trustees New Trustees are expected to tsmbliarise themselves with the charity and the context within w*ith it operates. They are also required to read the Chafity Comfflission publTrcation The Essential Trustee- Whatyou need to kno￿. All trustees are also required to complete safeguarding trainin& 61pa8e Youthscape Limited Financial Review 2022123 marked an expansion of some of our artivities that we have been developing for some years- particularly our conffe￿nce events and youthwork training courses for Church Leaders and Youth workers. We are grateful to OUT 8rant funder5 and our donors for their 8enerwty in sUPPOrtin8 us in thi5. We are have a150 worked hard to 8enerate intome through sales of our re50urtès and room hirè. whÈn our buikling is not being utilisèd bythÈ Group. and are conscious that there are challenges to come in maintainingthe room hire income and the resource sales Income. The proceeds of all of these help to fund our charitable aims. Our charitable expenditure has risen with the pressure of increased costs across all of our artivitie5. and the tru5tee5 and financial team have been carefully monitoring those costs wherever we can to manage the financial stability of the group. The group income in the year was £1.7m12022.. £1.4ml and group expendrture £1.6m12022: £1.4ml. There was a group surplus forthe year of £137k12022= loss £22kl. The majority of the chariws reserves are held in our Bute Mills buiklin8 whith is used as ofFKe Space and also centre for our yO￿h work in Luton. These arè rèstrirted funds which comprised £2.676k at the year end12022= £2,765kl. UnrestrictÈd funds are needed to needed for several purposes, indudinB to fund working capital of the group. to enable flexibility to respond to unexpected challenges and opportunrtiÈs and to provide a contingency a8alnSt uneypected c0515. The trustees review the level of unrestricted funds during each year and seek to Set level of unrestrirted funds which is proportionate to the operations of the 8roiip as they 8row and develop, and also that are achievable. To this end the tru5tee5 were ablè to intrease thè designated opèrating reserve this year and will continue to rnonitor il in corning years. Un￿Stricted funds at the end of the year were £198k12022= £112kl with further £468k12022: £327kl of designated fvnds. More detailed information regarding income and expenditure can be found in the Note5 to the Financial Statements. Reserves Policy The Board of Trustees and the Leadership Team have •￿ed th* developsng an appropriate level of reserves is ' required in order to: Meet contractual liabiliiies should the tharity have to d05e. This indude5 redundancy pay, amounts due to credffiors and tommttments under leases. Meet unexpected costs like staff cover re illness, maternity leave, parental ￿aVe, and legal costs defending the charities interest. Replace equipment as it wears out. Ensure that the charity tan continue to provide a stable and quality Servi￿ to those who need them. Provitle working capital when fundin8 is paid in arrear5 and place the charity in a position where it ould bid for fundin8 which can be paid up to 12 months in airears. The trustees have considered the requirements for reseryes based on the main risks to funding. Youthscape's restricted activities are mainly supported by 8rani funding 8nd these a¢tivities could be reviewed and potentially reduced rf required. Re5erve5 are therefore marnly required to cover unrestricted activities. and the tru51ee5 plans to maintain a level of unrestrirted reseNes of 3-6 months. The Board.of Trustees believes that resewve5 should be at least at this level to ensure the charity can run efficiently and meet the needs ofthe beneficiaries. Investment policy and objectives The trustees ¢onsiderthat the present policy of investing fvnds in a higher rate bank account offers the least risk in the current eronomic climate. 71Page Youthscape Limiied Organisational structure The Trustees take respOn￿k￿lIty for.. Ensurin8 compliance wrth the objects. purposes and values of Youthscape, and with its 8oveming document. Setting or apprown8 poIKies. plan5 and budgets to achieve those objectNes. and monitorin8 perfrymance against them. Ensuring the solvency. financial strengrh and good perfomianee of Youth5cape. Ensurin8 that Youthscape complies wrih charity and all other laws and regUlat￿sn5 that are applicable to YouthscapÈ. Dealing wrth the appointment land rf necessary thè dIsM￿saI) of the Youthscape's thief executive. Settin8 and maintaining a framework of delegation and intemal control. Agrèeing or ratifying all poliae5 and deci￿on5 owt matter5 that mi8ht create significant rlsk to Youths¢ape, financial or otherwise. The referen￿ and administrative page lists those who served In this capacity. The Leadership Team, led by the Chief Executive. implement Youthscapè's strategic plan as an or8anisation. working closeEy with the Board of Trnstees. Specifit projett and pro8ramme re5ponsibifrties a￿ de￿gated to other member5 of staff as required. Affiliations and Relationships Youthscape is committed to working in partnership with other organisationsto achieve the best ptsssible outcomes for youn8 people. This year we developed a longtemi partnership with The Church of England to support their work with young people. We also continued our stron8 local partnerships wrth schools, social care services and other charities. Future Plans The charity has developed a strategy to address three key areas in the coming year. Firstly. to better support church youth work volunteers, especially given the reduction of numbers of paid workers. Second to prioritise services to churche5 where there 15 little or no enga8ement whth youn8 people. Third. to addre55 the needs of srnall youth groups wheie thèrè are only a har￿ul of young people partiopatin8. These a￿aS will shape the research we carry out and the resources and seNces we offei. At the same time. our tomrnitment to address critical issue5 like young people's metnal health remains a core aim of the charity. Governing Document Youthscape, is a Charitable Compary limited by guararrtee and therefore the Directors of the Company have no intèrest in the sha￿$ of the Company. Every member of the Charity undertake5 to contribute such amount as may be required (not exceeding £10) to the Charl￿5 assets rfit sh¢)uld be wound up. Responsibilities of Trustees The Trustees IWIK) are also the directors of Youthscape Limited for thè purposes of company lawl are responsible for preparing the Report of the Trustees and the financial stzternents in accordance with applicable law and United Kin8dom Accountin8 Standards (United Kin8dom General￿ Accepted Accountln8 Prarticel. 8jPage Youthscape Limited Company law requires theTrustees to prepare financial statements for each financial year whith give a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resources. sncluding the income and expenditure. ofthe charitable company forthat period. In preparing those finarKial statements, the Trustee5 are required to selett suitable accounting poltcies and then appty thern consistently.. observe the methods and prinoples in the Charity SORP.. makejudgements and estimates that are reasonable and prudent; prepare the financial ststements on the 8oinE concem basis unless tt IS inappropriate to wesume that the charitable company will ¢ofttin￿ in bUsi￿ss. The Trustees are responsible for keeping woper accounting records which disclose with reasonable accuracyat any time the financial position of the charitable company and to enable them to ensure that the financial 5tstements comply with the Companies Att 2C(6. They are also responsible for 5afeguardingthe assets of the th)r[￿ble company and hence for taking rèasonable step5 for the prevention and detertion of fraud and other irregulaiities. In so far as the Trustees are awarè= there is no relevant audit infom)ation of whith the tharitable company's auditors are unaware: and the Trustee5 ha¥etaken all steps that they ought to have tsken to make themselves aware of anv relevant audit Informati￿ and to establtsh thatthe auditors are aware of that information. Auditors The auditors, Higglnson & Co (UK} Ltd. will bè proposed for re-appointment at the forthcoming Annual General Meeting. On behalf of the Trustees on M Symmerfield Chai Youthstape Limited Report of the Independent Auditors We li(Ive audited the financial &tiltemerit5 of Youthscape Llmlted Ithe'charftable compan￿) and lis subsldlaries (the 'Group'l for the year ended 31° August 2023 which comprise the Consolidated Statement of Financial ActNities (incorporating an incomt and exptnditure account).. the Group and YouthAapc Statement of finantial PoJltion. the Consolidated Statement of Gish Flows and notes to the financial statements, irtdudin8 a summary of si8nrficant OLCUUntin¥ yulKi¥s. Tli¥ firianiial ieporting framewoik that has been applled In thelr preparaTlon is appllcable law and United Kingdom Accounting Standardr (United Kingdom Generally Acccpted Accounting Practice) including Financial Reporting 5t?ndard 102 The finanials Reporting Standard applicable in the UK and Republic of Ireland (Unitod Kingdom Generally Accept¢d A¢¢ouftting Pra¢ti¢el In our opinion the financial statements grve a true and fair wew of the state of the charitsble companvs affairs as at 31" August 2023 and tts incoming resourees and applicatK>n of resources. induding its income and expendi(ure. forthe year then ended,. have been properly prepared in ac¢ordan¢e with United Kirwdom Generally Attepted Accountin8 Practice- and have been p￿Pared in accordance with the requirements of the Comp￿￿5 Art 20C Basls for oplnlon W¥ LUlbJuLted ouw audii lil dLcvrdiliiCe willi lirtellldl1￿1dI Stsndards of Audhln¥ iuK?115As IUKII and applicable law. our rorpon"ibilTrtlQ5 undor tho•e ttandJrd* are further described in the AudttOffJ re￿portalbilitlÈ* for th¢ oudit of th financial statements 5ertion of our report. We a￿ independent of the charitable compawty in accordancc with thc ethical requirements that are relevant tg our audit of the financial statements bn the UK. including the FRC5 Ethical Stsndard, and we have fulfjlled our other ethical re5pon5ibilities tn accordance wilh these requirements. We believe that the audit evidence we have obtJincd b ￿fficient and opproprtatc to providc o baulJ for our opinion. CO￿lUsIOnS relatingto going concern We have nothing to report in respect of the follo¥wng matters in relation to which the ISAS IUKI reqvire usto reptyt to you whèrÈ the tru5tee5' Use the goin8 concern basis of attountin8 in thè prèparation of the financial statements is not appropriate.. or the trustees have wtot disdosed in the finarEo31 ststements any lrtentif￿d material uncertainties that may cast Slgnificant doubt about the charitable compan￿5 ability to continue to adopt the going concern basls of accounting for a period of at least twelve months from the date when the finandal statements are uthorised for issue Other information The trustees a￿ responsible forthe other inforniation. The other information comprises the infomiation included In thè annual report, other ihan the financial statements and our Report of the Independent Auditors thereon. Our opinton on the finJnGiJl stJtomonts doc5 not covorthc othor information and, cxcept to thc c¥tcnt otherwise oxplicitly stated in OUT report, we do not cxprcss any form of orJJrurancc concluion thereon. In connrxtion with our Judit of the financial ttatements. our ferponotibility to rcad the othcr information and, in doing so. consider whether the other inforrnation 15 materially inconsistent with the financial statements or our knowledge obtained in the audit or otheThwire appears to be materially mi5 utcd. If we identify Such materiBI .Yat¢mcnL wc are requircd to dcterniinc there rs a material mTsst8tement inconrjrtencies or apparont mJtcrTrJl Tll1￿ in the financial statements or a material misstatement of the other information. If. based on the work we have performed, we contlude that there is a material misstatement of this other information. we are required to report that fact. We have nothin8 to report in this regard Iolpagè Youthsczpe Limited Oplnion on n￿tter$ prexribod bythe Companles Art 2￿6 In our opinign. based on the work undertaken in the course of the audit-. the inforfftation gNen in the Report of the Trustees for the financial year for which the financial statement5 are prepared is conststent with the financial statements.. and the Report of the Tnjstees has been prepared in accordance wrth applicable le8al reqvlrements Matters on whlth we are requlred to repixt by extepilon In the li8ht of the knowledge and understanding of the Charitab￿ company and its environment obtained in the ourse of thè audit. we have not ￿entrf￿d rnater￿1 rni5Statement5 in the Report of the Tfustees The tru51ees zre responsible for the other information. ThÈ other infomatiorl comprisesthè infomizlion intluded In the annual report. other than the financial statements and our Report of the Independent Auditors thereon. We have nothing to report tn respertof thefollowing mattets wh￿e the Companies Act 2006 requires usto report to you if. in our opin¥)n adequaie accounting records ha￿ not been kept or retums adequate for Our audir have not been rece¢ved from the branches not visited by us: or the financial statements are not in a8reement ￿th the accounting records ènd retums: or certain disclosures of trustees, renumeration specified by law are not made.. or we have not received all the information or explanations we require for the audit: or the trustees are not erjtitled to take advantage of the small companies exemption fromthe requifementto prepare a Strat*Ele Report or prepar￿8 the Report of the Trustees Re5ponsibilitits of Trustees As explained more fully ￿ the Statement of Trustees Responsibilities. the trustees {who are also the Llirettors of tht tharitable company for ihe purposes of company lawl are resporssible for the preparation of the financial statements and for bein8 satisfied that they give a true and fair view. and for suth internal control a5 the trustees determine 15 Nece55aryto enable the preparation offinancial staternents that are free from material misststement, whether due to fraud OT error. ITr preparfjn8 the financial statements the tTUrtee5 are responsible for assessingthe tharitsbl? companrfs abiliiy to continuè as a goin8 concern. disclosin& as applioble matters relatingto 8oin8 concern and usingthe 8oin8concern basis of accounting unless the trustees either intend io Irwidate the tharitsbje companyor to oase operations, or have no Tealistic atternati¥e but to do so. Auditty3' respon51billti*s for the audit of the financial S&￿eMerrts Our objectives are to obtain reasonable assurance about whether the finanoal statements a5 a whole are free from rnaterial misstatement. whether due to fraud or effor. and to issue a Report of the Audrtors that indudes our opinion. Reasonable assurance is a hi8h level of 355urance. but is not 3 gvar3ntee ih3t an audii conducted in accordance with ISAS IUKI wrll always detect a material mi55tatement when it exis￿ Mi5Statements can arise from fraud or error and are considered material tf. indNidually or In the aggregate, they could reasonab￿ be experted to influence the economit decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detectin8 irre8ularities. incluOin8 fraud is detailed below.. Identlfylni and a$5esslns potential rfsk5 felatedto Irregularftie5 In Identifyin8 and as5essin8 risks of material mi5Statement in respect of irregularitre5, induding fraud and non- compliance with laws and re8ul&ions, we considered the fdlowin& 11 |Page Youthscape Limited Audit response to f15ks identified the nature of the industry and sector. control environrnent and business performance includin8the design of the remuneration policv,. results of our enquiries of management alwut their identifitatth and assessment of the risks of irregulzrities.. any matter5 we identSfi￿ having obtatned and reviewed the Company documtntation of t￿1r policies and procedures relatingto= identifyin8, evaluating and co￿pI￿nE with laws and reeulations and whether they were aware of any instances of noncompliance: detettin8 and respondtn8 to the risk5 of fraLKI and whrfher they have knowledge of any artual. suspected or alleged fraud.. the internal contro15 established to mitigate rosks of fraud or non-compliance with laws and regulations; the matters di5CUS5ed amon8the audit engagement team, includin8tax regardin8 how and where fraud might occur in the financizl statements and any potential I[￿￿t0￿5 of fraud. As a result of these procedures, we £onsidered the opportvnities and intentivesthat may exist withrn the organisation for fraud and identified the 8reatest potential for fraud in relation ta reveftue defèrrals. In common wlth all audits under ISAS IUKI, we are al￿ required to perform ycific procedures to respond to the risk of management overrrde. Wè also obtained an understandin8 of the Iwl and regulatory framev40rk5 that the Company operates in, focusin on provisions of those laws and ￿gUlai10ns that had a diiert effert on the dÈterminaiion of material amounts and disc105ures in thè financial statements. The key laws and re8ulatiofts we ry>nsidered in thi5 tontext induded the UK Companies Art. UK Corporate Govemance Code and local tax legislation. In addition. we considered provisions of other laws and regulations that do not have a direct effert on the financlal statements but compliance with which may be fundamentsl to the Company'5 ability to operatp or to avoid material pÈftalty. These induded compliance with Finanoal Condurt Authority re8ulation for the UK operatin segment and compliance with local le8isl*ion. A fvrther description of our responsibilities forthe audit of the financial stziements t5 locatèd on thè Financial Reportir)g Council's website at wwW.frcor&ukla￿lItoTSre5pon￿bI1ff¢leS. Thi5 description form5 of our Report of the Auditors. Use of our réport This rèport is solely to the chariiable compant/s members. as a body. in ¥cordance wff.801 ¥a￿tIeS Cash Iov4from In¥*51iii8 •Uivid Purchase of fixed assets 17.9151 1233501 Interest received IM67 33 N•t cash Pr￿[d*d by (used in) in¥*stin¥attv•ities 123.3171 Change In tasth aftd cashequhalents In the reportth period 96.812 167A84 tash and t35h ¢qthtalentsat the be81nn1￿ ofthe reportkyperlod 635.587 C05h lhd ush eqyi¥aknts * the end r*portx period 151Page Youthscape Llmited Notes to the statement of Cash Flows 2022 et Income / (Expendlturel from the reporting per*)d las per the statement of f￿anCIal adwitiesl 136.842 122.4541 Adjustments for Depreciation thèrEe5 70.761 67.622 Interert receNed I1￿67) 1331 Ilncreasel/Oecrease in Stock 17.198 17,8431 IlnEre35el/Decre•se in debtors 12108031 147.3751 Ilncrea5ellDecrease ITr (reditors 2N).884 lo1￿71 190.801 161Page Youthscape Llmtted Notes to the Financial Statements l. Accounting Policies The principal accounting policies are sumrtwrised t*ltyw. The poI￿leS have t*eft èpplied tonsistemttythroughout the veaf and in the preceding year. lal Basis of accounting The financi31 ststements have been prepared in accordance with AccourfinB ond Reporting by Chariti& Statevnentof Recommended Prartice applicable io charities preparing theiraccounts in accordance wth the Financial Reporttng Standard applicable in the UK and RepublK of lieL4nd IFIiS 1021 lefFettNe l January 20191, the Finaficiil Reportin8 Standard applicab￿ in the UK and Republic of Ireland (FFS 1021 and the CompaniesAct 2L￿. The finarKial siatements ha¥e been prepared on a gotng c¢)ncein basb underthe hlsrorial co# convention. Ibl Fund Accounting un￿strided funds comprise acrumulated surpws ￿$$def￿its aftertransfrrs to desiwed fvnds. These alkmsthe charityto budget for anticipated cornmitments and a150 provide adeqvate working capital. Unre51rKted fvn¢tsare available for use atthe discretion of the trustees in furtherance of the general objectives ol the charity. De5igniieJ fvnd5 are unrestrthd funds put aside ai the discretson of the trustees fot particular purpo5e5. Restritted funds are subjected io restri¢tionson their expefyJit¥re imposed by the donof orthrouRh the terms tsf an appeal. Ic) Incoming resources l incoming resources are Included in the statement of financial acti¥it*swhen the charity is entitled toihe income and the amount can be quantÈfied with reasonable aecuraty. The folk)win8 spetrf¢ polities •re applied tts particular cateeorie5 of income.. I￿ornIng resources frorn grants where relatedto Ferformontt and SPECtfic delvwerobles. are accounted foras the charity earns the righi io consideration by its perfOrniar￿e. Volvntsry ificome is received byway of Rrants. donations arrt1 grftsarO is irKluded in fvll ihe statement of Financial Activities when receivable. Grants. where entitternent is not conditional on the delivery of a wfic performance by the ch3rty. are recognised when the charity becomes unconditsonally entitled to thegfant. Donated se￿l¢e$ and facililies are included at thevaiueto thetharity where this ¢aA be ou4ntified. n* Ydlue of 5eFvices provided by vdunteers has not been I￿luded in these accounts. lThvestment income is included when receivable. Idl Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fvlly recovered, and is reported as part of the expenditure to which tt relates.. Charitable cxpendilurc compri•CJ thorA co¢ts incurred bythe tharity in the delivery of artiviti￿ and servirfft% fnr its beneficiartes. It Includes both costs that ¢an be ¥llo¢ated directly 10 Such artivities and those costs of an indirect nature necessary to support them. 17jPage Youthscape Limited Govemance costs indude those ¢osts associated with meeting the constitutional and statutory requirements of the chaflty and include tho Judit fe￿ and cort: linkcd to thc utrate8ic management of the charity- All co*ts aro allocated between tht expendituve ¢ate8oric.s of the A*FA an a basis desb)e(I lo i efitLt the use of tlie resource. Costs relatin8 to a particular activity arè allocated directly. others are apportioned on an appropriate basls e.8 ftoor area, per Capita or estimated usage as set out In Note 4 The charity operater a defined contribution pcnJion ￿herne. Contributions aré chai'$èd to ihe Statém*iil uf Financial Activitlcf 3E thcy bcc.ome payable in attordance with the ru￿3 of the stheme. le) Fixed assets Fixed assets a￿ stated at cost less accumulated depreciation. The cost of minor additions or those costin8 less than £1,000 aro not capitalbred. Dcprcciation is providcd ot rate5 cakulated to write ortthe ￿51 of exli assel uver ils expected life as follows: Freehold land Fixtures and ffttings I￿/ 5% straight line Furniture and equipment - 20% straight line Computer5 - 25% straight line The ureful economic livu. and rvuidual value of fix¢d a￿et$ are reviewed at the end of each aLiQUliting perlod. (f) Stock Stock of rèsourctt for sale are valued at thc lowcr of COJ and net realisable value. The caKryin8 amount o( stock sold is recognised as an expense in the period in which the related revenue 15 recogni5ed. (g) Cash at bank Cash at bznk 15 hdd to meet short terni cash commitments and indudes cash equivalents. Cash at bank includes interest and non interest bearbng amounts held at banks, and cash at hand. Short term money deposits Imaturity of up to 6 months) are held under current assets. 181Pa8e Youthstape Limlted 2. Donations and grants )23 2Q22 UDrestrirte Restrirted Total Total Anonyrnous Amold cla￿ Auto enefart Tnjst 170.( 170J lo.o( BBC Chi Idren in Need 33.7n 33,7n 40.882 Bedford5hire & Luton Found¥tbon 39.744 8erTrard Sunley Foundation Communlty of St Andrew DWF Foundation 2.IINJ Fwish Foundation Garfield Weston Charttable Tryst Gordon Cook Charitable Trust 6,375 GEM Trust 14.513 HAF- Acti* Luton 2,7C MlochleyCh¥ritable Tnjst lo,￿1 J@￿Sa IErn TNst Iw,¢JJo Luton Borough Council Nat40nal Lottery- Awards fr¢rAII Souter tharits ble fvust St James Plact Foundation 2,OS7 Sir Halleystewart Twst 9291 18.587 Slr Robert KkAlpi*e stewa￿shiP 12.269 The 29th May 1961 Charttable Tnjst The Fovhdatlon 35,( 14,583 The Amateurs Trust 31083 35,( The Q>nnolly Fovndarion 115.727 The cO￿P Foundation 3.757 J.757 24,630 The HadleyTru5t 35,ffAI 45.417 The Howard Foundation The Lalng Fotsndation IL667 IL667 70.ryjo The Steel Charitable Trusi 12.3(rf) 6.974 Wixamtree Trust 7,986 10.803 Donatlons from Indl¥lduals and churches 7.736 268222 212,431 375,486 453.980 852.693 191Page Youthscape Limited 3. Incoming resources from activities to further the charity's objective5 2023 2022 T¢Xal Total Conference Income 389J39 385.034 Diocesan Income 340J71 Tra ining Income 21.302 44,724 Consultsncy Income 15.501 8.(Q6 Resouree Sa les 66069 46,293 Corona¥irus Job Retention Scheme Income 714 Room Hi 48.023 47.614 532,385 4. Donations and grants- Bute Mills 2023 20Z2 Unrestr￿le Total Total 8uQe M1115 Property InwD•: Oortati¢)ns from IndivtlualsarKt churches 2,461 2,436 Z.461 2.436 20IPage Youthscape Lsmited 5. Total resources expended Trt Total 2022 •lloAtedloxip41 StalFc05ts 59.412 L31.)80 90.IK7 162.215 63.984 71.066 S78.124 527.797 1.7 752 286 3lS 3.177 11.864 L173 Z.7•0 969 1,032 8.302 Fundrdl51￿1 costs Summer Camp 4.9ZZ 7J81 12.304 24.608 32.233 8.420 8.420 7.8SI Re50urcès and e%tnts 4.286 2S.YSI 27.971 19.73S $9.4as 117.178 90,596 Training and eofftferen S61 4SS,89S 45S.456 16L,OSO Website maintenaThtr and de¥tlop 3345 95 3.936 ie8•1 and professional 5.111 5.141 10.167 8ank tharg?5 229 457 t.￿9 69.907 I73￿3 $47.0>9 21S.426 8S.LnS 13123B s,iii 1.227,840 1.054.lQ5 Supsm costs allrKatedthacU¥h*s O and Core stsff Is.tS2 42J97 I8.￿4 28.160 11.18S ILIÈS 7,219 144,J72 127.143 Otheroffice ¢osts 1.945 35QQ 5.635 9.144 2.722 5.982 9.W8 69,530 Team w*dE traiNinE 401 7ZI 1.161 561 Ll33 Z.042 4.448 PADtITrl, POStaze, Stationery L371 274 Lg19 274 3.57Z 8uildln8, I￿sUranCe and ufjlities 8.954 11.939 5.970 14.924 8.954 8.9S4 42.5SS Buildirb8 maintenance & repairs 4.728 6.304 3.152 4.728 4.728 40.327 Oepretiation 10.614 L4.IS2 i.o?s 17.69J 10.614 10.614 70.759 67.621 41342 84 5Z.145 11.6th) 39,312 4a.144 19.443 358.668 355.196 IIZ.249 253A67 s99.ui I97￿26 124.397 175.482 24.5SS LS86.S58 I.410.￿1 ead count Floorspate Estimated houw5 6. Net incoming resources forthe year Thi51s Mated aftercharging.. 2023 2022 Oepreciatknn 70,761 67,622 Auditors. remunerntion 21 |pa8e Youthscape Limited 7. Staff costs and number5 21>23 2022 Salaries 673.856 Pension ContributKMS 33,194 31XJ29 705.n6 One employee received emoluments linduding beneftts in kind. but exdudin8 emph)yerfs pension) of more than £60,tsX): 704￿85 2023 2022 £60.CQI. £70.0 Contribytions in respert ofthe 8roup money purchase penS￿n 5theme are char8ed to the statement of finanual activitie5 in the year in which thèy arè due. representing the full year of the 8roup's tontributions. The average nymber of employeè5 duringthe year. calculated on the basis of full-time equivalents, was as follows: 2022 Youth5tape Luton Youthscape Centre of Research Innovation National Conferences Equippin8 Othe Administration and Support CEO 19.9 19.9 8. Trustee Remuneration & Related Party Transactions No trustee received any remuneration in the year12022 £nil). No trvstees wefe relmbursed for expensÈs durin8 the year1202Z: one trustee- £31ZI. 22 |p3ge Yoythscape Limited 9. Taxation A$ 3 charity. Youthscape is exempt from tax on income and gains falling within Section $05 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gain5 Art 1992 to the extent that these are applied to its charitable objectives. No tax char8e5 hove arisen in the ¢h•rity. 10.Tangible Fixed Assets- Consolidated and Charity Land & Fiytvres & Furniture & Computer E4uipment Total Buildings Fittim8s Equipment C05t As at I September 2022 2.377.923 714.068 193.968 111,576 3.397.535 Addition5 IDyear 2.650 5.275 7.925 Oi5posa15 in year As at 31 August 2023 2.377.923 716.718 193.968 116.851 3A05 . Ac¢umul*tsd D*p￿t￿ltiOn As at I September 2022 347.624 187851 81.759 617.234 Charge lorthe year 56,166 4,865 9.730 70.761 Disposals in year As at 31 August 2023 403.7￿1 192.716 91.489 687.995 As it 31 August 2023 2377923 312J28 1.251 2,717A65 AS al 31 Au8USt 2022 2J77J23 6.117 19J17 2,780301 ii. Debtors Youthscape Group 2022 Youthscape 2023 2022 Debtors 70.487 193.247 43.978 70.487 193247 43.978 23jPage Youthsc3pè Llmited 12. Creditors Youthscape Group ZOZ2 Youthscape 2022 Taxation and social security 11374 12.327 Amount owed to Group undertakin8 24.455 Creditors- income received in adVa￿e 375.098 361387 320,101 Other (￿ditorSa￿d aCfTuals 165999 126203 66.9n 48.131 513.675 484,207 405.014 13. Analysis of net assets between funds Youthscape Total Funds FurKIs Tawible fixed a55et5 45.691 2.671.774 2.717065 Currertassets 89D.691 136.145 L116W6 Curyent liabllities 1252.0281 1232.1791 14a4207) 684.354 2.675,7410 3J60X194 Youthscape Group Unre5trirle T￿al FuAds nds Fund5 Tawible fixed assets 45.691 2.671.774 L717865 Curyent assets 236.145 1227.113 Curfeni liabslities 137L8361 1232.1791 I6040￿) 664.823 2.675.740 3340563 241Page Youthscapè Limited 14. Movements in funds YouthKape AQiS• In¢omh At31 AUK 2023 Restricted Fund5 33,441 453. 1483.4551 5.966 Property Fund 1731.156 2.461 161.8431 1671.774 T¢)tal Restricted Funds 764J97 456A41 1545.2981 1675.740 Unrestricted Funds 112.206 616.760 1472.3841 256.662 Desv8nated Optrating Funds i*).th Iso.0 350.IJTrJ Des*nated Events Fynds 99.059 167.0591 3lOCiI Deswated Property and Maintenance Fur*J5 49.146 18.9181 45.692 Total Furbds 3215A188 1238.665 11A193￿59) 3.360A194 Youthxape Group At I Sept Incoml Outgoini At 31 Aui 20 Restiirted Ftsnds 33.441 453. 1483.4551 Property Fuftd 2.731.156 2.461 161.8431 67L774 Trtal Resirtrted Fyvrfl$ 1764597 456A41 15452981 1675,740 Unrestricted FurKIs 112.287 1,061,494 1976,6501 197,130 Designated Operating Funds I￿,C 390.OLKI Desieftoted Events Funds 87.691 155.6911 32.OC4) Oesignated Propertyand Maintetsan￿ Funds 49.146 5.464 18.9181 45.693 Totsl Funds 3203.7Zi L723399 11.586.557> 3340563 25 | Page Youthscape Limited Restricted fvnds These funds are forthe specFfic purpose of supporting the actfvities assoaated with grant funding. Property fund This fund represents the cost of the land and buildings purchased with rtrtrirted fundin& Dèsi8nated Events funds These funds comprise unrestrirted fijnds that ha¥e been desi8nated by the trustees fw Specific purposes, beir¥g conference artivitie5 of the 8roup. Designated Operating Funds These funds relate to between 3 and 6 months of operatin8 Costs of the group. t>esignated Propèrty and Maintenante funds These funds comprise lunds used to purchase(I fNed assets for the group. 15. Significant Control Youthscape has significant control over Youthscape Events Limited. All trnnsartions are appro¥ed by the Board. Youthscape 15 committed to supporting Youthscape Events for the foreseeable fU￿re. At the year end, Youthscape owed Youthscape Events Limited £43k12022: £24kl. Name aJ55 of share ¢apital held H4￿re ol by51ness YouthscapÈ Events nla- Limite(I by Guarantee Youth conference events activities 26jPage