Report of the Trustees and Financial Statements for the year to 31st August 2024 for Youthscape Limited Youthscape Bute Mills, 74 Bute Street, Luton, Bedfordshire, LUI 2EY Higginson & Co (UK) Ltd statutory Auditors 3 Kensworth Gate 200- 204 High Street South Dunstable Bedfordshire, LU6 3HS REGISTERED CHARITY NO. 1081754 REGISTERED COMPANY NO. 3939801 REGISTERED IN ENGLAND, A COMPANY LIMITED BY GUARANTEE Contents Reference and Administrative details The Trustees Report 2.1 Introduction from the Chair 2.2 Charitable Objectives 2.3 Achievements and Impactforthe Year 2.4 Principle Capital Developmentsforthe Year 2.5 Strategic Planning and Sustainability 2.6 Financial Review 2.7 Reserves Policy 2.8 Investment policy and objectives 2.9 Organisational structure 2.10 Affiliations and Relationships 2.11 Governing Document 2.12 Responsibilities of Trustees 2.13 Auditors li li li li li 12 Reportof the Independent Auditors 13 AnnualAccounts 16 4.1 Consolidated Statements Df Financial Activities 16 4.2 Statements of Financial Position 17 4.3 Consolidated Statement of Cash Flows 18 4.4 Notes to the statement of Cash Flows 19 4.5 Notesto the Financial Statements 20 4.6 Donations and grants 4.7 Incoming resources from activities to furtherthe charity's objectives 4.8 Donations and grants- Bute Mills 4.9 Total resources expended 4.10 Net incoming resource5 forthe year 4.11 Staff costs and numbers 22 23 23 24 24 25 Contents (continued) 4.12 Trustee Remuneration & Related Party Transactions 4.13 Taxation 26 26 4.14 Tangible Fixed Assets- Consolidated and Charity 4.15 Debtors 27 28 4.16 Creditors 28 4.17 Analy515 of net assets between funds 4.18 Movements in funds 29 30 4.19 Significant Control 31 All photos from Satellites 2024, used with permlsslon Reference and Administrative details Registered Company number 3939801 IEngland and Wales) Registered Charity number 1081754 Registered office Youthscape Ltd 74 Bute Street Luton Bedford5hire LUI 2EY Trustees Dr N Adamu MrA Course (resigned 24 March 20251 Revd T George Mrs R Herbert (appointed 24 March 20251 Rev T Lomax Mr J Rudder (appointed 24 March 20251 Mr M Summerfield Bank HSBC 63 George Street Luton Bedfordshire LU12AP Auditor Mr D M Brown FCA Higginson & Co IUKI Ltd Statutory Auditors 3 Kensworth Gate 200- 204 High Street South Dunstable Bedfordshire LU63HS Trustees Report 2.1 Introduction from the Chair them to participate in society as independent, mature and responsible individuals. Thefigures in these Financial Ststementstell partof the story of Youthscape in thi5 pastyear but not all- the other half is told through the changed lives of countle55 young people both in Luton and across the It is their well- bein& their spiritual formation and their successes that we celebTrte and we continue to regard it as a privilege to play a part in their lives. lill relieving poverty, suffering and distre55 among young people by the provision of advi￿, counsellin& infomiation and support; liiil advancingeducation by providing personal development programmes and courses foryoung people and byproviding resOur￿s,trainlngand adVi￿t0those workingwiththem: and That impact is in no small partdueto ourteam ofstsff and volunteer5 who work so hard on behalf ofyoung people. As a Board, we are so grateful for theirskilts and their commitment to the work of the charity and to young people. livl advancing the Christian faith by helping members of the public to develop spiritually. socially, emotionally and in their education, particularly but not exclusively young people and those working with young people. In the last year, Youthscape ha5 continued to develop our work in Luton working directly with young people from the amazing community where we are based. We have also expanded and developed our national work where the charity has a reputation forthoughtful, innovative and impactful programmes and resources. 2.3 Achievements and Impact for the Year The charity has continued its strategy of working both directly with young people, principally in Luton, and indirectly through our trainin& programmes and resources for churches across the UK. s a Board we have worked closely with the Chief Executive and the Leadership Team to ensurethat this work is grounded in robustfinancial management and best practice in safegijarding. The charity is in a strong position in both these areas and they continue to be important priorlties. In Luton, we havecontinued to offera wide range of services at Bute Mills. Our drop-in cafe and youth centre welcomed a diverse group of young people and, alongside the activities and recreational facilities, our team was able to offersupport and guidance to young people. Our hope and expectation is thatyouthscape will continue to thriveand. most importantly. continueto makea positive and lasting impact in the lives of many more young people in thecomingyears. In addition. our long-standing Compass and Fearless programmes helped address the social and emotional barriers that are preventing some young people from achieving their potential in education. Our team of youth Worke￿ also provided mentoring and pastoral support for students in local secondary schools and a highly successful football project wa5 launched that combined exercise and sporting skills with personal social and emotional development. Matt Summerfield Chair May 2025 2.2 Charitsble Objectives Alongside ourdirect work with young people in Luton. we continued to offer Headstron& our national online programme to support young people's mental well-bein As part of that programme, ourAlumina self-harm support groups worked with more than 500 young people and. for the first time, we lowered the eligible age range to 10 to The objects ofthe charity are". lil advancing In life and helping young people by developing their skills, capacitie5 and capabilities to enable accommodatetheworrying increase in harming among io to 13 year olds. Youth Ministry Weekend in Birmingham, and in the summer, morethan 3,000 people took part in Satellites, our annual summer event for youth groups that takes place at the Bath and Wells Showground. The success and growth of these events also introduces the charity's work to a wider audience. The Youthscape Centre for Research expanded its staff team and published further reports as part of it's'Translating God. research programme. The valueofthese reports has been widely acknowledged and they have helped shape much of the charity's work as a result. The Centre 3150 continues to oversee our evaluation and impact framework5. As a result of these activities, and over the course of the year, Youthscape's work has impacted the lives ofmore than 25,000 young people, both directly and indirectly. We are proud of our'child-centred, approach that puts young people's needs first and which seeks to create programmes, activities and spaces where they can thrive. We expect this wort< to continue to expand in its reach and impact in the coming year. Launchpad is our flagship national project that has helped more than 500churches acrossthe UK start a youth work activity in theircommunity. We have a growingstsff team workingto run this programme. tOEetherwith a network of local trainers and facilitators in every region of the country. Launchpad does not offer a prescriptive activity for a church. Instead it enables them to listen to their community and to young people and to develop a plan that is relevant and achievable. Churches do not have limitless resources or people. so any programme that is going to last has to be realistic. The programme works with the church for about three months during which the leaders receive intensive supportto create a plan foryouth work and begin to put it into practice. 2.4 Principle Capital Developments for the Year There was nocapital development undertaken by the charity during this period. 2.5 Strategic Planning and Sustsinability Complementing this work, Youthscape Essentials is our training programme for anyone wanting to help run youth work activity as a volunteer. We have continued to train facilitators to run the programme and provide all the content which is a mix of video, discussion and activities. Youthscape Essentials has been created with the help of young people and each session stsrts with a powerfulvideo of a young person talking about their lives. It teaches basic youth WO￿ skills- from listening to 5aleguarding- and challenges those attending to listen and learn from the young people they meet. Some 1,500 people attended a course this year and the programme 15 expaTbding rapidly. Youthscape is f￿USed on building a sustainable organisation thatcan make an impact in the lives of young people formany years to come, In orderto be ableto successfully deliver our work, the Board, togetherwith the Leadership Team, know that it is vital to develop strong foundations that include., • Clearvision and strategic plan with milestones A comprehensive strategy and business plan is vital to enable us to achieve our vision. The CEO and Leadership Team work closely with the Board to develop this strategy and review progress. Youthscape has become well known and respected for developing materials that support youth work and the ResourcesTeam continued to launch a range of new resources through the year, including those addressing young people's mentsl health and Christian discipleship. The team also developed a new resource to specifically support5malleryouth groups of lessthan Ioyoung people wherethegroup dynamics means many existing materials are not suitsble. . strong governance Every organisation should be led and controlled by an effective Board of Trustees which collectively ensures delivery of its objects, sets its strategic direction and upholds its values. Youthscape's Board are collectively responsible and accountsble for ensuring and monitoring that the organisation is performing well, 15 501vent, and complies with all its obligations. Highly trained and motivated staff Youthscape believe our staff are our most precious a55et and we tske their development seriously. As part of this commitment. staff are offered a wide range ofin-house training as well as external CPD and regular staff retreats. The charity's subsdiduaryj Youthscape Events, held two majoreventsthrough theyear. In November morethan 1,000 youth workers from the UK attended The National . Effective safe8uardlng prartice Ourcommitmentto best prdctice In safeguarding continued in this past year. We have three safeguarding officerswho are responsible formanaging and implementingthe safeguardlng policies. We completed our annual review of these policies and updated them to reflect recent legislation and advi￿. We also continued to carry out trainingwith all stsff to ensure these policie5 are fully Implemented. are restricted funds which comprised £2.624k at the year end (2023: £2,672kl. un￿$tritted funds are needed for severdl purposes, includlng to fund worklng capitsl of the group. to enable flexibllltyto respond to unexpected challenges and opportunities and to provide a contingency against unexpected costs. The Trustees review the level of Un￿￿ritted funds during each yearand seekto seta level of unrestricted fund5 which is proportionate to the operations of the group as they grow and develop, and also that are achievable. The Trustee5 have been working to Increase the designated operating reserves overthe past few years to the level appropriate forthe size of the group. and will continue to monitor them. Unrestricted funds at the end of the year were £247k {2023: £216k}. Designated funds were £604k12023: £468kl. More detsiled information regarding income and expenditure can befound in the Notesto the Financial Ststements. . Financial stability Ourworkwith young people must be underpinned bygood management Df our resources to ensure we can continue this worl( in the long term. Developing and diversifying new income stream5 is vitsl to ensure that we have greater financial 5tsbility. We believe this aspect of our organisation is every bit as critical as the impact of our direct workwith young people. * Management of rlsk Youthscape has a robust risk management policyand this is regularly reviewed by the Board of Trustees. We are detemiined to create an organi5ation that can wlthstand intemal and extemal challenges and continue to deliver our Vision and aims. 2.7 Reserves Policy The Board of Trustees have agreed that developing an appropriate level of reserves is required in order to: • Meet contractual Ilabilitie5 should the charity have to dose. This includes redundancy payi amounts due to creditor5 and commitments under lease 2.6 Financial Review - Meet unexpected costs like staff cover re illness, maternlty leave, parentsl leave, and legal costs defendlngthe charities Interest. The charity has benefited from the generosity and support of a large number ofgrant-makingtrustsand this continuesto form the majorpartof our income. Athree yearpartnershipwith the Church of England, beglnnlngln January 2023, has also enabled us to dellveroursenilces across more than 20 Dioceses. . Replatrequipment as it wears out. * Ensure that the charity can continue to provide a stsble and qua11ty5ervi￿ to those who need them. We contlnueto develop income from others activities includingthe5ale ofresources and through ourevents. However we recogni5e there 15 more to be done to create diverse, and therefore more secure, portfolio of income SoUr￿s. In particular we want to develop our donor base of individuats and are planning to launch a national carnpaign to that end in the near future. . Provide working capital when funding is paid in arrears and place the charity in a position where it could bid for fundingwhich can be paid upto 12 months in arrear& The Trustee5 have considered the requirements for reserves based on the main risks to funding. Youthscape's restricted activities are mainly supported by grant funding and these activities could be reviewed and potentially reduced if required. Reserves are therefore mainly required to cover unrestricted activities, and the Trustees plans to maintain a level of unrestricted reserves of 4-6 month& The Board of Trustees believes that reserves should be at least at thi5 leveltoensure thecharity can run efficientiyand meetthe needs of our beneficiaries. Ourtotal income in the year, for both Youthscape and it's subsidiary companies, wa5 El.9m12023: £1.7m) and totsl expenditure £1.9m {2023: £1.6m). There was a surplus for the yearof £55k {2023: £137kl. The majority of the group'5 reserves are held in our Bute Milts building which is Used as office space and also a centre for ourwork with young people in Luton. These 2.8 Investment policy and objectives 2.11 Governing Document The trustees consider that the present policy of investing funds in a higher rate bank account offers the least rlsk in the current economic climate. Youthscape, is a Charitable Company limited by guarantee and therefore the Directors of the Company have no interest in the shares ofthe Company. Every memberof the Charity undertskes to contribute such amount as may be required {not exceeding £10) tothe Charity's assets if it should be wound up. 2.9 Organisational structure The Trustees tske responsibility for-. 2.12 Responsibilities of Trustees • Ensuring compliance with the objects, purposes and values ofyouthscape, and with its governing document. The Trustees (who are also the directors of Youth5cape Limited for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). . Setting or approving policies, plans and budgets to achieve those objectives, and monitoring perfomiance againstthem. Ensuring the solvency, financial strength and good performance ofyouthscape. Company law requires the Trustees to prepare financial statements foreach financial year which give a true and fair view of the state of affairs of the charitsble company and of the incoming resources and application of resources, includingthe income and expenditure, of the charltsble company for that period. In preparing those financial statements, the Trustees are required to Ensuringthatyouthscapecomplies with charityand all other laws and regulations that are applicable to Youthscape. Dealing with the appointment land if necessary the dismissal) of the Youthscape's chief executive. . Select suitsble accounting policies and then apply them consistently. • Setting and maintsininga frameworkofdelegation and internal control. • Observe the methods and principles in the Charity SORP; . Agreeing or ratifying all policies and decisions on matters that might create significant risk to Youthscape. financlal or otherwlse. Makejudgements and estimatesthatare reasonable and prudent; The reference and administrative page lists those who served in this capacity. Prepare the financial statements on the going concern basis unless It is inappropriate to presume that the charitable company will continue in business. The Leadership Team, led bythe Chief Executive, implement Youthscape's strategic plan as an organi&ition, working closely with the Board of Trustees. Specific project and programme responsibilities are delegated to other members ofstaff a5 required, The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enablethem to ensurethatthefinancial statements complywith the CompaniesAct2006. 2.10 Affiliations and Relationships They are also responsible for safeguarding the assets of the charitsble company and hence fortaking reasonable Steps forthe prevention and detection of fraud and other irregularities. Youthscape is committed to working in partnership with other organisations to achieve the best possible outcomes foryoungpeople. Thisyearwe continued ourpartnership with The Church of England tosupporttheirwork with young people. We also strengthened our local partnerships with schools, social care services and other charlties. li In so far as the Trustees are aware: . There is no relevant audit infomiation of which the charitsble cotnpany's auditors are unaware- and • The Trustees have taken all steps that they oughtto have taken to make themselves aware of any relevant audit information and to estsblish that the audwtors are aware of that information. 2.13 Auditors The auditors. Higginson & Co (UK) Ltd, will be proposed for re•appointment at the next Annual General Meetin& On behalf of the Trustees, Matt Sumyerfield Chair May 2025 12 Report of the Independent Auditors We have audited the financial ststements ofyouthscape Limited {the'charitsble company'l and its subsidiaries {the'Group'l for the year ended 31st August 2024 which comprise the Consolidated Statement of Financial Activities (incorporating an income and expenditure account). the Group and Youthscape StatemeTbt of Financial Position, the Consolidated Statement of Cash Flov￿ and notes to the financial statements. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom GenerallyAccepted Accounting Practicel including Financial Reportingstandard 102The Financial Reportingstsndard applicable in the UK and Republic of Ireland {United Kingdom Generally AC￿pted Accounting Practice) . The trustees, use the goingconcern basis of accounting in the preparation of the financial ststements is not appropriate.. or . The trustees have not disclosed in the financial ststements any identified material Un￿rtaIntieS that may cast significant doubt about the charitable company's ability to continue to adoptthe goingconcem basis ofaccountingfor a period of at least twelve months from the date when the financial statements are authorised for issue other information The trustee5 are responsible for the other information. The other information comprises the information included in the annual report. other than the financial statements and our Report of the Independent Auditors thereon. In our opinion the financial statements- Give a true and fair view of the 5tste of the charitable company's affairs as at 31st August 2024 and its incoming resour￿5 and application of resources, including its income and expenditure, for the year then ended. . Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and Have been prepared in accordance with the requirements of the Companies Act 2￿6 Ouropinion on thefinancial statementsdoes not cover the other infomation and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance concluslon thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, conslderwhether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially mlsstated. If we identify such material inconsistencies or apparent material misstatements we are required to determine there is a material misstatement in the financlal ststements or a material misstatement ofthe other information. If, based on the work we have perfomied, we conclude thatthere is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard Basis for opinion We conducted our audit in accordance with International Standards of Auditing (UK) IISAS (UK)) and applicable law. Our responsibilities underthose standards are further described in the Auditors responsibilities for the audit of the financial ststements section of our report. We are independent ofthe charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believethattheauditevidencewe haveobtained is sufficient and appropriate to provide a basis for our opinion. Opinion on matters prescribed by the Companies Act 2006 In ouropinion. based on the work undertaken in thecourse of the audit. Conclusions relating to going concern . the information given in the Report of the Trustees for the financial yearforwhich thefinancial 5tstements are prepared is consistent with the financial 5tatements.- and . the Report of the Trustees has been prepared in accordance with applicable legal requirements We have nothing to report in respect of the following matters in relation to which the ISAS IUKI require u5 to report to you where: 13 Matters on which we are required to report by exception Auditors, responsibilities for the audit of the financial Statements In the lightof the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misststements in the Report ofthe Trustees Our objectives are to obtain reasonable assurance about whetherthe financial statements as a whole are free from material misstatement, whetherdue to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misststement when it exists. Mi5Statements can arise from fraud or error and a considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Theextentto which ourprocedures arecapableof detecting irregularities. includingfraud is detailed below: The trustees are responsible for the other information. The other information comprises the information included in the annual report. other than the financial statements and our Report of the Independent Auditor5 thereon. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: . Adequate accounting records have not been kept or return5 adequate forour audit have not been received from the branches not visited by us: or . The financial ststements are not in agreement with the accountingrecords and returns: or • Certain disclosure5 of trustees, renumeration Specified by laware not made: or . We have not received all the information or explanations we require for the audit: or * The trustees are not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees . Identifying and assessing potential risks related to irregularitie5 • In identifying and assessing risk5 of rnaterial misststement in respect of irregularities, including fraud and non- compliance with law5 and regulations, we considered the following: Audit response to risks identified . The nature ofthe industry and sector, control environmentand business perfomiance includingthe design of the remuneration policy. Resultsof ourenquiriesof management abouttheirown identification and assessment of the risks of irregularitles. . Any matters we identified having obtained and reviewed the Company documentation oftheir policies and procedures relatingto: Identifyin& evaluating and complyingwith laws and regulations and whetherthey were aware of any instances of noncompliance; • Detecting and re5pondingto the risks of frdud and whetherthey have knowledge of any actual. 5U5pected or alleged fraud- . The internal controls established to mitigate risks of fraud or non-complian￿ with law5 and regulation5: . The matters discussed amongthe audit engagement team, includingtax regarding how and wherefraud might occur in the financial ststements and any potential indicators of fraud. Responsibilities of Trustees As explained more fully in the Ststement ofTrustees Responsibilities, the trustees (who are also the directors ofthe charitable company for the purposes ofcompany lawl are responsible forthe preparation of the financial statements and for being5atisfied that they give a true and fair view, and for such internal control as the trustee5 detemiine is necessary to enable the preparation of financial statements that are free from material misstatement, whetherdue to fraud or error. In preparing the financial statements the trustees are responsible for assessing the charitable company's ability to continue as a goinE concern, disclosin& as applicable matters relatingto going concem and u5ingthe going concern basi5 of accounting unless the trustees either intend to liquidatethecharitsblecompanyorto cease operations, or have no realistic alternative but to do so. As a result of these procedure4 we considered the opportunities and incentive5 that may exist within the 14 organisation for fraud and identified the greatest potential for fraud in relation to revenue deferrals. In common with all audits underlSAs IUKI,we are also required to perfonn specific procedures to respond to the risk of management override. We 3150 obtained an understanding of the legal and regulatoryframeworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures inthefinancial Statements. The key laws and regulation5 we considered in this context included the UKCompanie5Act, UKCorporateGovemance Code and local tsx legislation. In addition. we considered pmvisions of other laws and regulation5 that do not have a direct effect on the financial Statements but compliance with which may be fundamental to the Company's ability to operate orto avoid a material penalty. These included Complian￿ with Financial Conduct Authority regulation for the UK operating segment and compliance with local legislation. A further description of our responsibilities for the audit of the financial ststements is located on the Financial Reporting Council's website at wMv.frc.org.uk/ auditorsresponsibilities. This description forms part of our Report of the Auditors. Use ofour report This report is solely to the charitsble company's members, asa body. in accordancewith Chapter3 of Part 16 ofthe Companie5Act2006. Our auditwork has been undertaken so that we might state to the charitsble company'5 members those matters we are required to stateto them in an auditors. reportand fornootherpurpose. To the fullest extent permitted by law. we do not accept or a55ume responsibility to anyone other than the charitable company and the charitsble company's members as a body, for our auditwork. forthi5 report, or for the opinions we have formed. Donald M Brown FCA (senior Statutory Auditor) For and behalf of Higginson & Co (UK) Ltd ststutory Auditor5 3 Kensworth Gate 200- 204 High Street South Dunstable, Bedfordshire, LU6 3HS /S/,¥ 25 15 Annual Accounts 4.1 Consolidated Ststements of Financial Activities Unre5tr1rtod Rejtrlrted T•l*l Total Funds Fundi Fundi 2024 2024 2024 2023 JA¢•mln¢r•wureosfr•rn yn•r*•d fvNdL' VoluThtsry kntom4: J4SO53 548876 894029 111 829,466 Adlvlt1•5fwynw4llnilurtds: 13318 1.057 lrtornkngr•MUrc￿frorn ¢h4rlt•bi•*ttivbtiu: Grants•nd c•thtrncts JYOW4 998,144 891.405 Inc•mlnir•sw¥t•sn•tolBute IAlllsC•nw18 43551775 549,816 1.720.938 uts Mlll•piop#ty Incorne 44 3J81 2061 Tot￿l￿orni￿ R•Jourc•s 4355.T15 553097 IJ08.872 1.723J99 Rewur<•s•xp•ndedi Ch¥ltthl•adivitlqs 1054mi T•t•lr•S￿rc•••xp•fvd1d 58SA37 Iy6*8 67WI {uh401 $4,7•X 136,842 Il•tfflov•m•rtlNfvndi T•tsllun& kr￿8ht￿rnxrfI S•pt•rnb•r2023 14 664023 2.6T5.740 3340563 3,203.721 T•tslfundi ¢•th•df•rwaThl 4.14 aEraaE 732054 2063JOO JJ95W4 3X1￿3 The resultforthe yearfor Companies Act 2006 purposes is represented by the net movement in fvnds in the con- solidated statement of financial activities. There are no recognised gains or losses in the current or preceding year other than those shown in the consolidated Statement of financial activities above. All amounts derive from contin- uing operations. The turnover ofthe company for the year was £1,314k12023: £1,239kl. The net result ofthe company forthe year wa5 a surplus of £118k12023: £145kl. 16 4.2 Statements of Financial Position Grot 2023 2023 Flx•d assèts Land & BulldlA8S 2377J 1377J23 .9a 1377,923 FI￿urEs & Fittlngs 1928 26lI65 311928 Furnlture and Eq￿1PMent 4.10 1,252 L252 Computer Equlpment 4.10 25 25 15fi47 25.362 5680 717A65 2,717,465 46340 btors 4.11 193,247 Cash •tBankandln hand 895￿84 &12460B 887,249 L227.113 1.126.836 Creditor5 (due wlthln i yearl 4.12 [624.￿5) 143493 Net Asjets 624(08 642.629 N# Assets 3J95354 3.340￿63 3A7&576 a360,094 Genernl 14 197,130 21LZ13 216,661 Designated 467.693 467,693 Restrlct•d 4J4 J9,a30 Pmperty 2.671,774 4970 1671.774 Titsl Fw 3,395,354 3J60N94 These accounts are prepar•d In acco￿anCe with th• spedal prnfjslons of the Companies Art 2(￿ relatln8 to smal I entltles. Appm%*d bv e Trus J j May2025 and 518ned on thelf behalf br. Trustse TTUStee rtrt6(4FieL I I LofflA-k Naffle Name 17 4.3 Consolidated Statement of Cash Flows 2023 Clshfiowfrnm op•r*lng•¢thilths Cash generatedfrom operations 263,975 103.671 Netca5h provtded bylu5ed inloperating 263P75 103ffi71 activitles C•5h IIOw5frarn knvutknzaclfvltl Purchase of fLYed assets 118J51) 17.9251 terest recefved 1067 Loss on disposalof fixed assets lJ•t oih pro¥ld•dby{us•d In) In¥•rtI￿*￿IvIII 13J51 160541 ChathK• •Thd c*h •4thal•thtslNthe r•pwilry perknd 260,1)24 960lZ 803.071 Cash •*d¢Mh•qthl•nts*tth•4Dd￿th* Y•p•rtlTri 8990 18 4.4 Notes to the statement of Cash Flows 2023 Net Intome I IE4Jenditurel from the reporUn8 pèrltsd las perthe Statement Df finandal act1￿11¢$) 136.842 Adjustments for DeprEdatlon tharKe5 70.761 Interest recelved 110671 Iincreasel/De(reasè In sto¢k 17,091) 17,1 IlncrÈasellDeuEa5o in debiors 141819 1210A031 Ilncrn•s•llDeL¥ease In tredsiors 975 101671 19 4.5 Notes to the Financial Statements Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year. Investment incorne is included when receivable. {a) Basis of accounting (d) Resources expended The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The financial statements have been prepared on a going concern basi5 under the historical cost convention. Expenditure is recognised on an accruals basls as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates: Charitable expenditure comprises those costs incurred by the charity In the delivery of activities and services for its beneficiarles. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them, (b) Fund Accounting Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Unrestricted funds comprise accumulated surpluses less deficits after transfers to deslgnated funds. These allows the charity to budget for anticipated commitments and a150 provide adequate workingcapitsl. Unrestricted funds are available for use atthe discretion of the trustees in furtherance of the general objective5 of the charity. Designated funds are unrestricted funds put aside atthe discretion of the trustees for particular purposes, Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal. All costs are allocated between the expendlture categorles of the SOFA on a basis designed to reflect the use ofthe resource. Costs relatingto a particular activity are allocated directly, others are apportioned on an appropriate basis e.g floor area, per capita or estimated usage as set out in Note 4 The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of rinancial Activities as they become payable in accordance with the rules ofthe scheme. (c) Incoming resources (e) Fixed assets All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specrfic policies are applied to particular categories of income: Fixed assets are stated at cost less accumulated depreciation, The cost of minor additions or those costing less than £1,000 are not capitalised. Depreciation is provided at r3tes calculated to write off the cost of each assetover its expected life as follows: Incoming resources from grants, where related to performance and specific deliverable5, are accounted for as the charity earns the rightto consideration by its performance. Voluntary income is received by way of grants, donations and gifts and is included in full in the Ststement of Financial Activitles when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Freehold land Fixtures and fittings - 10%15% straight line Furniture and equipment - 20% straight line Computers - 25% straight line The useful economic lives and residual value of fixed assets are reviewed at the end of each accounting period. 20 (f ) Stock Stock of resources for sale are valued at the lower of cost and net realisable value. The carrying amount of stock sold is recognised as an expense in the period in which the related ￿VenUe is recognised. (g) Cash at Bank Cash at bank is held to meet shortterm cash commitrnents and includes cash equivalents. Cash at bank include5 interest and non interest bearing amounts held at bank5, and cash at hand. Short term money deposits (maturity of up to 6 months) are held undercurrent assets. 21 4.6 Donations and grants 2023 Totsl Vnr•stfirt•d R•5trfttqd Tqknl Anon)Trous 24ODO ActibE Luton BDCChlldren In Ileed 25h51 244 Dedlordshlrn & Luton Communlty FouThdalon B•n•fartTrust 27,CO) I25,OL￿) 170.(( eernirf Sunley FouThdatlon ISL CadburyChadtabl• TNst soo thèrfes S F￿nch Cl•ritsblq TNst Chlld's tha￿1¥bIl TNst 15,LJJO Communityofst Andrew Dlocese of St￿balls Dods Aeld tharltsble Trust DWF Foundatlon Ewson TN5t Fwsh Foundation GladlatorTmst Green Hllls TNst 550 Hlnchleytharltabl• TNst Johnnle Johnson Trnst 3.5 Jerusalem Trust Lanrastrr Foundatlo urlc• & Hlld• L•Sn¥Trust Ilatlonal Lott•ry N•l8hbourlyChaAtsble Trust PanahpurTNst 3,667 73.995 1.2th) Rotsrya¥b ol Luton Sotst*rCharftablo Trust StJam¢s Pl•¢• th•rit•bl• Foundadon 24,000 SlrHalleySt•wartTrust SlrftobertMcAlplna 4647 The AIM Found•tlDn 35,CQO The Amateur5 Trust 32.083 The 8aptOst Unlon ol Gr•it Brft•ln 16,L The DI0￿5￿ of Bath & Wells Th• Blble Sodety The connollyFoUnda￿9￿ The Co-op Fouffidailo The Grace TN$t 10),L 1.716 ¥716 1751 The HadleyTrust The Howard Founda¢lon 20.417 The Joseph Rank Trust The Lalng Foundatlon The LlnderFour+datlon 1150) 5.500 Th• St••1 Ch•rt¢èbl• Trust Wlxèmtreè Trust 3.333 Dona14ons fr¢m Indi￿dullS Ind (hurEh•$ 220A53 24.002 228,222 345.955 S￿2?6 829866 22 4.7 Incoming resources from activities to further the charity's objectives 2024 2023 Unrestricted R•strict•d Total Resid•ntials i¥0 Conhrence Income 415.098 389,339 Diocesan Income 397.490 397090 340,171 Trainin8 Income 32￿76 32,876 21302 Consultsncylncome Re50vrce Sales Speaknnglwritingfees and otherearned irKome 12,500 OD 25.501 87.099 17.099 66.069 Room Hir• 51.542 48m3 996.f4M 1540 998,144 890.405 4.8 Donations and grants - Bute Mills 1024 2023 Unrestsicted RestrScted T•t•l Total Bute Mills Property Income: Donationsfrom Indivvlualsand rhur