tharlty Reglsirnwon 1081903 Ctynpary ReO5rratlon No. 04037793 IEngland and Wales) BRENT CENTRE FOR YOUNG PEOPLE FORMERLY KNOWN AS BRENT ADOLESCENT CENTRE (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ## **BRENT CENTRE FOR YOUNG PEOPLE** ## **LEGAL AND ADMINISTRATIVE INFORMATION PAGE** |**Trustees**|Mr P J Bard BCom MBA MSc (Chair)| |---|---| ||Dr B L Roberts MB ChB FRCPsych| ||Dr F M Hare (the Earl of Listowel) PhD(Resigned July 22)| ||Pessi Elias MSc| ||Mr Randy Mannie (Treasurer)| ||Mr Gideon HadaryMSc| ||Mr Simon Dodds| ||Mr Ian Barnes| ||Anoushka Babbar| ||Philip Stokoe (Appointed May 2022)| |**Chief Executive**|Dr M J A de Sauma MD, F. Inst. Psychoanal.| |**Company Secretary**|Dr M J A de Sauma MD, F. Inst. Psychoanal.| |**Charity number**|1081903| |**Company number**|04037793| |**Registered office**|51 Winchester Avenue| ||London| ||NW6 7TT| |**Auditor**|HW Fisher LLP| ||Acre House| ||11-15 William Road| ||London| ||NW1 3ER| ||United Kingdom| |**Investment managers**|Seven Investment Management LLP| ||55 Bishopsgate| ||London| ||EC2N 3AS| |**Bankers**|HSBC Bank UK Plc| BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) CONTENTS Tru5tee5' report Statement of trustees, re5pon5ib"Itties io Independent auditor's report 11-13 stètsment of financlal activitles 14-15 8alance sheet 16 Stètement of cash fl¢)ws 17 Notes to thefinan¢ièl St*t￿nts 18-31 **BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022** The Board of Trustees are pleased to present their Trustees’ Annual Report and financial statements for the year ending 31 March 2022. The Trustees’ Annual Report contains a Directors’ Report as required by company law. The financial statements comply with the requirements of the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS102 (effective 1 January 2019). On 23 December 2022, the Charity changed its name from Brent Adolescent Centre to Brent Centre for Young People. ## **OBJECTIVES AND ACTIVITIES** The main objectives of the charity as set out in the charity’s Articles of Association and Memorandum are to provide assessment, treatment and interventions, information to young people in the areas of Health (mainly Mental Health) and other areas relevant, and to research adolescence and the causes of adolescent breakdown. The principal activities of the charity continue to be the provision of services to young people in the area of Mental Health and development of a clinical audit, an outcome study on adolescent psychotherapy and research into adolescent breakdown. The Brent Centre for Young People (BCYP) provides Adolescent Exploratory Therapy (AET) and Psychotherapy services to help young people who experience a range of emotional and mental health difficulties. The most prevalent problems across all service users in the past year include: - **Depression** : 86% - **Anxiety** : 84% - **Difficult relationships with family** : 83% - **Difficult relationships with peers** : 72% - **Concentration difficulties** : 63% These challenges can be addressed head-on through the Centre’s range of therapy services. If they aren’t talked through in early adulthood, the problem presented can significantly impair mental and physical health and limit young people’s ability to progress into fulfilling adult lives. The aim is to help young people make positive changes and improve their wellbeing. This can lead to: - **Improved relationships** - **Reduced social exclusion** - **Lower risk of breakdown in adulthood** - **Better educational attainment** The Centre’s activities are provided through nine initiatives, Individual Adolescent Exploratory Therapy (AET), Individual Psychotherapy, Parental Support and Family Therapy, Practical Support, Young Offenders Project, Schools Services, Sport and Thought, Psychoanalytic and Research. AET, Psychotherapy, Parent Support and Family Therapy, Practical Support and Research activities are undertaken at Laufer House, and the other projects take place in outreach locations such as Schools and Brent Youth Offending Services. - **Adolescent Exploratory Therapy (AET):** Is the exceptional core analytic provision specifically to meet the needs of adolescents and was created and developed by Brent Centre for Young People. It is the first therapeutic provision through a series of consultations in which a young person explores their feelings and difficulties and begins to understand what is worrying them and why. The young person and therapist will think together about what changes could be made and what might 1 **BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022** make the person feel better. Proven to help young people cope with feelings of depression, anxiety, anger, low self-esteem, relationship difficulties and even suicidal thoughts, sessions last for 45 minutes and continue for as long as they are needed. - **Individual psychotherapy:** Designed for those who have had AET but need additional support, sessions are offered three times a week for up to three years. This gives young people space to understand their situation, feelings, and behaviors - empowering them to make needed changes. - **Private Services:** The private service has continued to grow in 2021-22 seeing a 58% increase in invoice revenue and a 37% increase in patient numbers from the previous year. In 2021-22 we offered a total of 789 sessions to 52 individual patients and their families. The private service continues to be a therapeutic home to a range of young people and their families who are in distress. The expertise within the private service team and the robust structure of the service means we are particularly adept at providing a vital service to young people whose presentation is too disturbed and complex to be treated by a therapist working solo. - **Parental support:** Support is offered to parents and carers whose children are already in Therapy. This creates opportunity for them to talk openly about their child’s needs, discuss concerns and develop new ways to help their loved one overcome the issues they face. - **Family therapy:** Engaging parents, carers and siblings in group work, where they are encouraged to take an active role in the treatment process. Guided by BCYP therapists, they learn to understand the difficulties they face and work together to build a better future. - **Practical support:** Offered alongside therapy for as long as it is needed. It is designed to help young people access key services such as education, health, housing and employment – smoothing out practical challenges so that they are better able to address their mental health difficulties. - **Working with Young Offenders:** The Young Offenders Project is based at the Brent Civic Centre working in conjunction with the Youth Offending Service. At the Youth Offending Service (YOS), BCYP offer AET, parent support, family therapy and group discussion programs. On behalf of the YOS, BCYP run one-off victim awareness sessions for youths on conditional cautions or out of court disposals. BCYP staff also provide support to YOS staff, helping them to better identify signs of distress and understand the mental health needs of the young people under their care. - **Schools:** At schools, BCYP provide one-to-one support through AET and a pilot brief intervention service for pupils with less severe difficulties. In response to specific concerns raised by teachers, BCYP provide therapeutic group work for pupils to work through shared difficulties together. BCYP supports academic and pastoral care staff to better identify and assist students struggling with mental health. Lastly, BCYP provide parents and carers the chance to talk openly about their children’s needs through parental or family therapy. The project is based in two primary, one infant and eight secondary schools. Supervision, individual and group work are provided to school staff. - **Sport and Thought:** Sport & Thought is a combined football coaching and group therapy programme delivered by adolescent psychotherapists. Sport & Thought creates a safe place for young people to build friendships and address the root cause of their behaviors, facilitating improvements in their social functioning, general behavior, and focus. The project is run at two secondary schools, a local football club, and a youth centre. 2 **BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022** **Research:** BCYP continue to research the area of adolescent mental health and are currently working on several articles for mental health publications, particularly on young offending and Adolescent Exploratory Therapy. Current research projects include: a detailed prospective clinical study on adolescent suicidality and self-harm; a retrospective study revisiting BCYP’s early work on suicidality and adolescence; and a study on Adolescent Exploratory Therapy. ## **ACHIEVEMENTS AND PERFORMANCE** Brent Centre for Young People is delighted that in a year with the Covid Pandemic it: - Helped 819 young people, up 36% from last year - Offered 8980 sessions, up 10% from last year The Brent Centre for Young People has continued to develop its outreach therapeutic work in 13 schools in the boroughs of Brent and Ealing, the Brent Youth Offending Service, and the ‘Sport and Thought’ project. The young people who used BCYP services during 2021/22 were aged between 11 and 25, and their ethnicities reflect the diversity of the boroughs in which the Brent Centre for Young People works. To assess the impact of their work on young people, the Brent Centre for Young People conducts regular clinical audits of their service. Therapists regularly provide assessments of their patients, to track progress over time and understand the impact of therapy. Young people are also asked to periodically complete a self-assessment, which helps us to build a picture of their own sense of wellbeing. By comparing the data from a young person’s initial assessment with their most recent assessment, we can measure change in presentation and provide an indicator of therapeutic progress. The information from these assessments is measured according to five key outcome areas: mental health/emotional difficulties, social functioning, academic/employment functioning, risks towards self, and risks towards others. ## **Outcomes for Mental Health/Emotional Difficulties** _Note: Stabilisation of difficulties is an important step towards recovery. It is recognised as an achievement. However, improvements in specific areas does not necessarily mean total recovery._ We saw significant therapeutic achievements in mental health and emotional difficulties. - 88% experienced a stabilisation or a reduction in their anxiety - 83% experienced a stabilisation or an improvement in their family problems - 83% experienced a stabilisation or a reduction in their concentration difficulties - 86% experienced a stabilisation or a reduction in their depression - 80% experienced a stabilisation or an improvement in their peer relationships - 80% experienced a stabilisation or a reduction in self-harming 3 **BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022** **----- Start of picture text -----**
Improvement in at least one outcome metric
social functioning
academic functioning
risks towards others
risks towards self
mental health/emotional difficulties
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
% of young people
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_In-House Services Case Study: Healthy Minds Brighter Futures._ Simon had recently been diagnosed with ADHD following challenges with concentration. He struggled with outbursts of anger and troubled relationships with his father and siblings, which were compounded by depression during the Covid-19 lockdowns. Simon was very defensive at first and stressed that losing his mother suddenly at five had nothing to do with his current difficulties. In general, he felt troubled and isolated. His friendships felt superficial, he’d never had a girlfriend or a sexual experience, and was constantly clashing with his father that caused Simon to feel like the bad, unwanted child. However, Simon was very intelligent, and capable of securing a place at his chosen university. He was also attractive and naturally inquisitive. Our weekly therapy involved gently working with Simon to think how, following earlier losses, he was protecting himself from people getting close, how painful it was to consider being unwanted, and ultimately losing someone important again. Simon became more open to this work: this was not easy as he experienced some new rejections along the way. However, with the support of therapy, he was able to become more curious and open to the world, and to give others a chance. He did not spiral into depression and managed to achieve two key goals in getting into Oxford University and starting his first relationship. We parted a few weeks after these milestones, and in our last session Simon shared that the work done together had really helped him. ## _A*’s story_ A* was referred by her GP in November 2019, due to low self-esteem, low mood, and self-harming behaviors (stabbing herself in the arm with a compass). A* was sixteen and despite doing well for her GCSE’s was having a very difficult time, suggesting adolescent breakdown, which was having an impact on many areas in her life. She was struggling to sleep, finding it hard to concentrate at school, finding social situations extremely anxiety provoking, which often left her feeling paranoid and she had many negative thoughts about herself. Her family were a protective factor (Asian heritage) and kept a safety plan in place for her self-harm and low mood. A* quickly engaged in the sessions, she was eager to talk and think about her thoughts that concerned her. Something very disturbing was brought to her room, a strong fear of her own aggression and mind perhaps. She was tormented by the feeling that something was wrong with her, and that she wanted to know why, searching into her family history for reasons or wondering about a diagnosis. She felt there was no point to life and a month into our sessions became increasingly paranoid and self-harmed, with a razor. The impact of her mother going away highlighted the difficulties around separation, which we explored in our work. A* spoke about having different parts inside herself, that were in conflict. One part urged her to hurt herself. Her impulsivity and a fear 4 **BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022** of a lack of control, increased towards the first break. A* increasingly brought her paranoid thoughts and anxiety to the sessions. As she approached her 17th birthday she presented as very low and expressed a wish to ‘just not wake up’. I was very concerned when she missed the following session after her birthday. She returned the following week and was very low, expressing no hope or dreams for her future. Her fears of being abandoned and unloved, were thought about in our work. A*’s parents were offered review sessions at the Brent Centre, this was essential to support their anxiety and also, helped us to understand a fierce parental protection, that over time was slowly encouraged to lessen, allowing her more space and independence to grow. A* seemed to begin to feel contained by our sessions. Despite the Covid pandemic moving our AET sessions to the phone in spring 2020, I sensed that A* felt held in mind by the different professionals and support around her and perhaps her social anxiety was eased initially, by not being at school. In our sessions she was more able to use the space to think about her fear of growing up and began to separate more from her mother. She began to speak less of the different parts of herself that were in conflict and felt slowly more integrated. As time went on, she began to express a wish to go to university and separation for her and her parents became a theme in their work and hers. Eventually she no longer expressed suicidal thoughts or self-harmed. In her final year at school, as it returned to be in person, A* struggled with group dynamics, connecting to her peers, and found online friendships easier. She expressed that she had never fitted in, and I wondered about her struggle to understand and connect with others. Understanding her own struggles made them feel less overwhelming. As she approached her 18th birthday, she began to note the progress she had made and looked forward to going to university. There was concern from her parents about her wish to move away for this, and a worry at her ability to get the grades. A* had struggled, like most, with online learning and there was a sense of loss which we thought about in our work. We had returned to in person sessions once the Covid restrictions have eased. Looking at her progress, we started to work towards our ending in the summer before she would move away for university. She no longer self-harmed and seemed to grow into herself, appearing more comfortable and gaining confidence through working in hospitality and passing her driving test. She also began to express a wish to have a boyfriend and had a very idealised idea of what university would be like. Over time she began to see a more balanced view of what university may offer, but also the challenges she would face. She was able to express her fear at leaving the familiarity of her family life and could think about how hard she found making friends. A* could see how her fears could now be processed in a different way, more externally to how they were when we began our work. ## **FINANCIAL REVIEW** The charity is wholly dependent on regular and consistent funding to carry out its work with young people who are provided the services free except for the newly initiated Private Services Clinic. In the financial year ending 31 March 2022, the Brent Centre for Young People received funding from the following organisations who kindly donated towards the different activities: The in-house and Irish Projects and the development of our private services: Brent CCG, John Lyon’s Charity, the Government of Ireland: Emigrant Support Programme, Irish Youth Foundation, the National Lottery Community Fund, Comic Relief, London Borough of Brent, Young Brent Foundation, The Pantheon Charitable Trust, Gamesys Foundation, Garfield Weston Foundation and Jusaca Charitable Trust. The Schools and Sport & Thought projects were funded by the City of London’s Corporation’s Charity - City Bridge Trust, Comic Relief, Bridgepoint Charitable Trust, John Lyon’s Charity, BBC Children in Need, Lehman Brothers Foundation Europe and the Hargreaves Foundation. 5 **BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022** Youth Offending Service project received support from: Dentons LLP, Drapers’ Charitable Trust, The 29[th] May 1961 Charitable Trust, Beatrice Laing Trust, Mrs. Smith & Mount Charitable Trust and Charles Hayward Foundation. The organisation’s core activities received funds from donations by Marathon events, St Joseph’s Dads Bike Ride, Mazars Charitable Trust, Young Brent Foundation and The Schroder Foundation. For the year ended 31 March 2022, the Brent Centre for Young People had total incoming resources amounting to £1,450,223 (2021: £1,179,575) including capital income. The total resources expended were £1,365,448 (2021: £1,241,987) with the net movement in funds – surplus £69,130 (2021: surplus £100,830). The Brent Centre for Young People is dependent on the generosity of our donors for our daily activities. The demand for our expertise and services to vulnerable young people has never been greater. The main sources of income for the Brent Centre for Young People have been through Brent CCG, Schools, and Grant Making Trusts. ## **Going Concern** The Trustees after making appropriate enquiries and based on the forecasts for the charity, have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. ## **RESERVES POLICY** Brent Centre for Young People's policy is to set aside enough funds, equivalent to between six to nine months expenditure to give the charity a reliable safety net against financial fluctuations. Each year the Executive Committee of Trustees reviews the appropriate level of reserves by assessing the risks facing the Brent Centre for Young People and the potential financial impact of these. The policy requires the Trustees to ensure that the reserves are adequate to: - allow time for fundamental restructuring in the event of a major downturn and consequential future funding uncertainties; - enable the charity to continue the ongoing programme of work, much of which is long-term in nature, in spite of unexpected variations in income. As at the end of the year, of the total reserves, the amount of free reserves held by the Brent Centre for Young People was £773,144 which is approximately six to nine months of the charity’s expenditure. As per the policy the free reserves are sufficient to cover the charity for the six to nine months period. The Trustees review the activities and expenditure of the charity and consider which services and expenditure could be reduced, if needed. Whilst our fundraising activity results in a spread of income from a broad range of sources, some of which are longer term, the impact of sudden and major loss in income would impose serious risk on our ability to maintain our activities. However, our reserves policy provides for a period of stability. In addition, the Centre owns the freehold interest in its building in Brondesbury Park. Further risks which have been identified include allegations of impropriety of our personnel and more usual risks associated with 6 **BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022** natural catastrophes, such as fire, flood, communications failure, data breach, etc. (most of which are covered by our insurance, in any case). Risks are reviewed regularly. Brent Centre for Young People aims to keep the amount invested in reserves such that, most of the income can be spent on the services that it provides to young people, while also ensuring reasonable financial security. ## **Investment Policy** The charity invests funds in a balanced portfolio of securities administered by 7IM (seven investment management LLP) in accordance with the charity’s investment policy and ethical values. ## **PLANS FOR FUTURE PERIODS** The Brent Centre for Young People is grateful to the funders who during the pandemic continued their support our schools and the NHS CCG also continued their contracts to our services through the pandemic. We are looking forward to expanding these services over the next year, working towards providing greater provision of mental health services for young people through all projects. We are planning to continue our collaboration with The Institute of Psychoanalysis in the London Borough of Westminster, having experienced success to the work since November 2021. The development of regional services: A new hub is being developed in Scottish Highlands; it has gained a registered Charity status with the Office of the Scottish Charity Regulator (OSCR). This project will widen our sphere of influence and capacity to help adolescents, it is also opening new funding streams outside of London based services. The Highlands Project provides opportunities to target Scotland specific and Highlands specific grant funding. In terms of Research, we are progressing a partnership with the University of Essex’s Psychoanalytic department, to provide training and supervision for people working with adolescents, undertake work discussion groups /supervision /seminars on particular topics and annual lecture, these would generate additional research income. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Brent Centre for Young People is a registered charity (1081903). The charity is set up under its Memorandum and Articles of Association as a company limited by guarantee (registration number 04037793). The company was incorporated on 17 July 2000. Prior to this, the unincorporated charity operated as Centre for Research into Adolescent Breakdown. The Board of Trustees are the charity's Trustees and the legal directors of the company. They are eligible for reappointment after three years for a further three-year term at the Annual General Meeting. As the need to recruit new Trustees arises, Brent Centre for Young People analyses the skills and capacity of its current board. The Brent Centre for Young People will then seek to identify potential candidates who will bring relevant knowledge and experience to the board in line with its needs. Candidates are then invited to apply. The current board will discuss the candidates and select new Trustees who must be appointed at a Board meeting. Training needs of Trustees are identified by the Chair of Trustees with the Board. The Trustees who served during the year were: Mr P J Bard BCom MBA MSc (Chair); Dr B L Roberts MB ChB FRCPsych, Fellow of the Inst. Psychoanal; Dr F M Hare (the Earl of Listowel), PhD (Resigned July 22); Ms. Pessi Elias, MSc, ACP Member;Mr Randy Mannie (Treasurer) ;Mr Gideon Hadary, MSc, ACP Member, Fellow of the Inst. Psychoanal; Mr Simon Dodds; Mr Ian Barnes;Ms. Anoushka Babbar; Mr Philip Stokoe (Appointed May 22). 7 **BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022** ## **Key management personnel** Chief Executive Officer and Company Secretary **,** Dr M J A de Sauma MD, F. Inst. Psychoanalysis; Head of Clinical Services, Ms Valentina Levi, ACP Member; Head of Finance and Resources, Ms Edith David; Head of Private Services, Ms Anna Honeysett; Research Manager, Ms Sarah Fielding. The Board of Trustees meet at least five times a year. The Board set and review strategy and monitor operational matters. The Management and Finance Committee is a sub-committee of the Board of Trustees which includes the Chair, Treasurer, 3 Trustees and the Chief Executive Officer. They meet to review the general and financial management of the Centre, annual financial statements, matters relating to internal and external audits, investment and reserves' policies and changes in remuneration of staff. Other sub-committees are the Schools Sub-Committee, Private Services Sub-committee, Fundraising, development & Communications and Governance Working party. All recommendations from sub-committees are presented at subsequent Trustees’ meetings and a decision is finalised by the board. The Chief Executive Officer (CEO) and Clinical Director was appointed by the Board of Trustees to manage the running of the organisation. In the absence of the CEO and Clinical Director there is a senior management team consisting of the Research Manager, Head of Finance and Resources, Head of Clinical Services and Head of Private Services to help with the strategy and management of the organisation. The CEO and Clinical Director is the manager of heads of the departments, all the heads of the departments manage their respective departments, Finance & Resources, Fundraising, Communications, Clinical Services (In-House and Outreach services), Research, and Private Services. All clinical in-house and outreach staff attend clinical meetings and are allocated a small supervision group. Trustees are elected every three years at the Annual General Meeting, but the Board can also co-opt people during the year. New Trustees should be provided with a detailed induction pack and an induction programme involving meeting with key members of staff to gain an understanding of the organisation and the external environment in which it operates. Trustees are encouraged to attend the meetings and conferences, training and other events organised by the Charity. The CEO and Clinical Director sends Trustees a list of possible training courses. The removal of any member of the Executive by the Executive Committee is undertaken if a member of the Executive Committee fails to attend three consecutive meetings of the Executive Committee, the Executive Committee may resolve that he/she be removed from the Executive Committee. The member must be given at least 7 days’ notice in writing of the resolution. The CEO and Clinical Director oversees setting the pay and remuneration for management personnel. These are presented to the Board of Trustees who discuss the implications on the budget before approving. ## **Internal control and risk management** The Board of Trustees is responsible for ensuring that the Brent Centre for Young People has an appropriate system of financial controls that regulates the efficient and effective operation of the charity. The Trustees ensures that the charity complies with relevant laws and regulations and approve policies relating to them. The trustees have evaluated the major risks to which the charity is exposed to and are satisfied that systems are in place to manage those risks. The prevailing risk in the period was still the Covid-19 pandemic. The operations of Brent Centre for 8 **BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)** ## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022** Young People have adapted well to the changing circumstances. As the restrictions relaxed, all our services reopened face to face service. Our In-house clinic at Laufer house commenced as usual for the patients and families to provide clinical services. The Outreach teams at our schools continues to provide face to face services at the schools and youth centres. Key identified risks and approaches to mitigate are: - Income volatility because of the economic uncertainty and austerity - good financial controls, development of the private services to provide additional predictable income and the regional services to diversify income streams and spread the risk. Increased applications to Trusts and foundations and investment in marketing and communication such as upgrade to the website. Security of assets - good financial procedures in place including segregation of roles, vigilance against fraud including cybercrime, investment in IT. - Ongoing challenges of reduced income through tenders due to public service reductions - continued investment in all income generating initiatives, ongoing review and developing service models to ensure relevance and value for money. Brent Centre for Young People’s policies are initially written by the member of staff most involved in that policy area in conjunction with the Head of Finance and Resources. The policy is then reviewed and amended by the CEO before submitting to the Board of Trustees for approval. If a policy is not approved, the Trustees will comment, and it will be returned to the CEO and the Senior Management Team. Decision making is taken at the most appropriate level depending on the risk involved. All decisions are made with the knowledge of the CEO. For decisions that involve a large commitment or level of risk to the organisation, the Board's approval is required. ## **Disclosure of information to auditor** Each of the directors has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. ## **Auditor** In accordance with section 485 of the Companies Act 2006, a resolution proposing that HW Fisher LLP be re- appointed as auditor of the company will be put to the Annual General Meeting. On behalf of the Board of Trustees P J Bard BCom MBA MSc **Trustee** Dated: 9 BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) ATEMENT OF TRU5TEES' RESPONSIBILITIE5 FOR THE YEAR ENDED 31 MARCH 2022 The Tru5tee5, who are a150 the dirertQfs of Brent Centre for Young People for the purFxJse of company law, are responsible for prep3rin8 the Tru5tee5' Report and the financial Statements in ac(x)Tdarbce with appliCa￿e law and United Kingdom Accountin8 Standard5 (United Kingdorn Generally Accepted Accounting Pracbcel. Company Law rèquirès the Tru5teÈ5 to PTÈPafÈ fina￿131 statemènts lor Èath finantial ￿ar which J true and fair of thÈ stste of affairs of the Charity and of the irtoming rÈwurces and applitation of resources, including the intome and expenditure, of the tharitible tompèny for that year. In preparing these financial ststements, theTrustees are required to". - selett suStèble accounting pollcSes and then apply them consSstently. - observe the methods and prinuples in the CharitiesSORP; - make judgements and estimates that are reasonable and prudent: 3nd prepare the financial ststements on the concern basis unless it 15 inappropriate to pre5urne th* the Charity will continue in operatlon. The Tru5tee5 are re5pon5ible for keepin8 adequate accouThting records that di5c105e with rea￿nats1e accurary at any time the financial position ol the Charity Jnd enable them to ensure that the financial statements cornply with the Companie5 Art 2IJ06. Thev are also re5pon5ible lor 5afe8u3rdin8 the asset5 of the Charity and hence for tskin8 reasonable Steps for the preventlon and detection of fraud and other irre8ularitses. 10- BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRENT CENTRE FOR YOUNG PEOPLE Oplnlon We have audited the financial statements ol Brent Centre for YounE People Ithe'charity'l for the year ended 31 Mard) 2022 whlch comprise rhe starement of financial actwities. the balance sheet. Ihe statemenr of cash flows and the notes to the financial statements. Including significant accounting polioes. The financial reporting framework rhat has been applied In their preparation Is applicable law and United Kingdom Accounting Standards, including Finanoal Reporring Standard 102 The Finonciol Reportin Stondardopplicoble in the UKondRepublic ollrelond (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial ststements.. Éive a true and fair view ef the state of the chariiable company's affairs as at 31 March 2022 and of Its Incomlng resources and pplicatien of resources. Including Its Income and expenditure. lor theyear ihen ended., hbve been properly prepared in accordance with United Kingdom fjeneraltyAccepted Ac£ountin8 prarti￿., and have been prepared in accordance with the requirements olthe CompaniesAct 2(X￿. ea￿S for pplnlon We conducted our audlt in accordance with International Standèrds on Audlting IUKI IISAS IUKII and appllcèble law. Our responsibilitles under those stsndards are furth￿ described in the Auditors responsibilifiesfv the oudir ol theflnonciol storements sectlen of our report. We are Independent of the Charily In accordance with the ethical requirements that are relevant to our aJdit of the flnancial statements In the UK, Including the FRC'S EthKal Standard. and we hawe fulfilled our other ethical responsibilities In accordance with these requirements. We beliewe that the audit ￿idence we have obtained 15 sufficient and appropriate to provlde a basis for our opinion. Concluslon5 relatlng to 8oln8cwcern In auditing the finèncial statements, we cO￿luded that ihe irustses, use of the 8oln8 con￿rn basls of accountlng In the prepèratlon ef the financial statements isappropriate. Based en the work we have performed, we ha¥e not Identthed any ma*rial un￿rtaIntleS relatln8 to events or conditlens that, individually er collectively, may cast slgnihcant doubt on the Charity's abillty to continue as a golng Concem for a perled of at least twelve months from when the financlal statemenis are authorised for issue. Our re5pon51blliles and the re5pon&bllitles of the Trustees with respect to 6oln8 ￿n￿rn are desthbed In the rel￿ant sectlens of Other Informallon The other Infermation Comprises the infOrmatx￿ included in the annual report other than the finèncial stètements ènd our auditor's report thereon. The Trustses are responsible for the othef infomiation Contained wthin the annual report. Our opinion on the flnanclal statements does not cover the other Information and. except to the extent otherwise eiplicitly stated in our report. we do not express any form ef assurance conclusion thereon. Our responybility is to read the orher information ènd, in doing $0, conslder whether the other Information is materially inconysteni wilh the financial statements or our knewledge obtained In the course of the udlt, or otherwise appears to be materially misstated. If we identify such material inconsistencies er apparent material misstatements. we are required to deterrnine whether this gNes rise to a material misgtatement In the financial ststements themselves. If. based on the work we have performed. conclude that there is a material misststement of thi5 Other information, we are required to report thar fact. We have nothing to report in this regard. Oplnlons on other matters prescrfbed by the Cornpanles Art2r In our opinion, based on the work undertaken In the course of eur audit". the information given in the tru5tee5' report, which include5 the director5. repDrt prepared for the purp05e5 of company law, for the financial yearfor which the finaniial 5taternents are prepared is con5i5tent with the financial statements. and the directors, report included within the rrustees, report has been pwared in accordance with applicable legal requirements. Matterson ￿1th we are requlred to report by except In the light of the knowledge and understanding of the Charity and its enwronment obtsined in the course of the audit, we have not identified materièl misstatements In the direttors. report induded within the truAees' report. BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT {CONTINUEDI TO THE MEMBERS OF BRENT CENTRE FOR YOUNG PEOPLE We have nothing to report in respect of the following matters in relatw to which the Companie5 Act 2Tr)6 require5 U5 to report to you if, in our opinion.. adeouate accounting records have not èeen tr*pt. crf returns adeqL*te forour audii have not been re￿ived from branches not visited by us.- or thè financial ststemÈnts are not in è8rÈÈmÈnt with the attountin8 records and roturns.. or certsin disclosures of tru5tees' remuneration specified by laware not made: or we hève not received all the informètion ènd explanations we reouire for our èudit,. or the Tru5tee5 were not entitled to prepare the financial statements in accordan￿ with the small companie5 regime and take athiantage of the sm311 companies. exemptions in preparing the tru5tee5' report and from the requirement to prepare a str3tegic repDrt. Re5ponslblllt4es of Truslees As explained more fully In the statement of trustees. re5ponsibilibes. the Trustee5, who are a150 the director5 of the Charity for the purpose of company law, are re5pon51ble for the preparation of the financial statements and for being satisfied that they give 3 true and fair view, and for such internal control as the Tru5tee5 determine is nece55ary to enable the preparation of financial ststements that are free from materi31 mi55tstement, whether due to fraud or error. In preparing the financial ststements, the Trustees are responsible for o55e5sin8 the Charity'5 ability to continue as a 80ing concern. di%losin& 35 applicable, matters related to going concern and using the 80ing concern ba515 of Kcountin8 unless the Trustees either intend to liquidate the charitsble company or to cease operation5, or have no realistic altern*we buttodo 50. Audltvr's r¢5ponslbllltlesfor the of th¢ fln•nd•l stslefflents Our objettives are te obtain reasonable assurance about whether the flnanclal statements a5 3 whole are free from material mlsstatement. whether due to fraud error. and to issue an auditor's report that includes our opinion. Reasonable assurance 15 a high level ef a95urance but Is not a guarantee that arb audit conducted in accordance with ISAS IUKI will always detect a material misstatement when It exists. Misstatements caTr arise from fraud or error and are considered material if, Indivldually or In the a86re8ate, they could reasonably be expected to infiuence the economic dec15ions of v5er5 tsken on the basis of these financial ststements. Irre8ularitle5, includin8 fraud, are instances of non-rompliance with IM and re8ul•ti￿s. We design PTocedures In Ilne with our responsibilities, outlined ab¢)ve, to detect materiél mi55ta¢ements in re5pert ol irregulorities, includin8 fraud. The extent to which our procedures •re up•ble otdetertin8 irre8ularities. in¢ludifi8fr¥ud. isdetsiled below. A5 part of our planning prore$5'. We enquired of mana8ement the systems and tafitrols the thaTity has in place. the •reas of the finantiol statements th* rÈ ffl05t 5U5ceptiblÈ to thÈ risk of irregularities and frèud. and whether there wa$ any known, suspÈded or alleged fraud. The Charity did n(It inform us of any known, sUSPÈttÈd or alle8Èd fraud. We obtsined an under5tandin8 of the le￿1 ènd regulatory frarnewefks applicèble to the charity. We detem)ined that the following were m05t rÈlevant'. the Chèrity SORP. FRS 102. Charities Act 2011 and Companie5 Act 20C6. We considered the incentNes and opportunities that exist in the charity, includin8 the extent of mana8ement bias, whlch present è potential fer irre8ularities and fraud to be ￿rpetua￿l. and tailored our risk assessment accordinly. Using our knowledge of the charity, together with the discussions hehl with the charity at the planning Stage, we formed concluslon on the rSsk of mSsstatement due to Srrwlarities Induding fraud and tallored our procedures accordlnz te thls risk assessment. The key procedures we undertook to detett irreBularltles Indudlngfraud durlnethe course of the èudlt Included.. Identifying and testing journal entries and the oveiall accouniing records. in particular those ihat were slgniflcant and unusual. Rewiewing the financial ststement disdosures and deterniinirbg whether accounting polioes have been appropriately applied. Assessing the extent of compliance. or lackof, ¥￿th the rethnt laws and regulations. Assessing the validity of the classification of income. expenditure. assets and liabilitie5 between unrestricted and restricted fund5. Obtainingthird-partyconffirmation of rnaterial bank balances. Performing a physical verification of key assets. Documentingand verifyin8 all significant related party balances and tran5attion5. Reviewin8 documentatloll such a5thetru5tee'5 minute5for dI￿u5510￿5 of irregular[t￿5 indudin8fraud. Testln8 key revenue line5,in particular cut-off , for e￿den￿ of tnanagement bia5. 12_ BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT {CONTINUEDI TO THE MEMBERS OF BRENT CENTRE FOR YOUNG PEOPLE Owing to the inherent lirnitations of an a￿lt. there 15 an unavoidable risk th* we may not have deterted some material isstatements in the financial Statements even thou8h we have properfy planned and performed our audit in accordance with auditln8 Standard5. The primary re5pon5ibility forthe pre￿￿tion and detection of irre8ularities and fraud rests with the trustees. A further dÈscription of our respt>nsibi1it1È5 15 èvailèble OTr thÈ Finantial Reportin8 Countil's website at.. https..Ilwww.frt.or8.uk/ uditorsresponsibilities. This description forms pèrt of ouf auditof's report. Use of our report Thi5 report is made 501ely to the charitable company 5 members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken y> that we might state to the charitable company s members those matters we are required to state to them in an auditor's repc>rt and for no other purpose. To the hjllest extent permitted by law, we do not accept or assume re5pon5ibility to anyone other than the charitsble cornpjny arKI the charitsble compjny's mernber5 45 a body, for our audit work, for thi5 report, or for the opinion5 we have formed. Carol Rud8e (Senlor Ststutory Audltorl for and on behalf of HW Flther LLP Chartered Accountants Statutory Auditor Acre House 11-15 WS11iam Road London NWI 3ER United Klngdom 17 Apr 2023 13- BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) ATEMENT OF FINANCIAL A￿1VITIEs INCLUOING INCOME AND EXPENOITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Currentfinanclal year As restated Totsl Total thjnds lund5 yneral delznated 2022 fund5 2022 2022 2021 It)come and endowments fwm: Donations 342.649 251.029 9.549 846.996 1,189,645 251,029 9,549 864,377 298.416 10,222 6,560 Investment Income Other Income 603.227 846.996 1,450,223 1,179,575 endlture an.. Raisin8funds 111.?72 111,772 120,067 714*77 531,895 1,253,676 1,121,920 Total rewurces expended 826.649 531.895 1,365,448 1,241,987 Net 6ains/llossesl on investments 115,6451 115,6451 163,242 Net mo¥ement In fvnds 1239.0671 16,9041 315,101 69,130 IW,830 Fund balances at l Aprll 2021 A5 erlginally reported Prior year adjustment I.OIZ211 46&186 81,611 104,764 1,562.1 104,764 J,506,839 59,103 As reststed 1.012.211 468,186 186.375 1,666,772 1,565,942 Fund ￿lanCeS0t 31 March 1012 773.144 461,282 501.476 1.735,902 1.666,772 The st*emÈnt of financial ath¥ities includes all gains and losses reco8nised in theye*. All Income and expenditure derNe from continuin8 acti￿lIes. The statement of financial activi￿e$ also complie5 With the requirements for an income and empendlture account under the Companies Act 2W6. 14_ BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) ATEMENT OF FINANCIAL A￿1VITIES ICONTINUED) INCLUOING INCOME AND EXPENOITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Prfor financial year As reststed ReArftted funds Tthl lund5 general 2021 fund5 desl8nated 2021 2021 2021 It)come and endowments fwm: Donations 397,273 298.416 10,222 6,560 467,104 864,377 298.416 10,222 6,560 Investment Income Other Income 712,471 467,104 1,179,575 endlture an.. Raisin8funds I20,￿? 120,067 691,685 8,792 421,443 1,121,920 Total rewurces expended 811,752 8.792 421,443 1,241,987 Net 6ains/llossesl on investments 12 163,242 163,242 Net mo¥ement In fvnds 63,961 18.7921 45,661 IW,830 Fund balances at l Aprll 2020 A5 erlginally reported Prior year adjustment 94&250 476,978 81,612 S9,103 J,506,839 59,103 As reststed 948,Z50 476.978 140,714 1,565,942 Fund ￿lanCeS0t 31 March 1011 1.012,211 468.186 186,375 1.666,772 The st*emÈnt of financial ath¥ities includes all gains and losses reco8nised in theye*. All Income and expenditure derNe from continuin8 acti￿lIes. The statement of financial activi￿e$ also complie5 With the requirements for an income and empendlture account under the Companies Act 2W6. 15- BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) BALANCE SHE ASAT31 MARCH2022 As restated 20ZI Z022 Note5 Flxed assets Tangible 355ets Investments 161,282 852.454 168,186 867,570 1.013.736 1.035,756 Current assets Debtors Cash It bank and in hand 16 291.635 594.137 311,510 411,813 885,772 I163.￿} 723,323 192,3071 Credltors.. amounts lallln8 due wiihln ￿ yeaf 17 Net current assets 722,166 631,016 Total •￿ets leu current Ilabllttles I.735.￿2 1,666,772 Income funds Restritted funds 5tricted fu Desi8nated funds Gener31 unrestricted lunds 19 501,476 186,375 461,282 773,144 468.186 1.012,211 1.234,426 1,480,397 1.735,9J2 1,666,772 17 Apr 2023 The financi31 ststements were approved by the Trv5teeson......................... PJ Bèrd Bcom MBA MSC Trustee Cornparby Re81stratlan No. 0403ll93 16- BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) ATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Noies Cash flowsfrom operavni Cash 8enerètÈd fromllèbsorbÈd by) operations 25 182.280 1247,1831 InvestlnÉ att1￿1￿e$ Investment income rereNed Net ush generttèdfr+Jmllustd Irk¥ts￿ *ttl¥ltlÈs Net tash used In Net Increaselldeueasel In osh cash equ1￿1¢￿$ 182,324 1247,1831 Cash ind cash equivalents at be￿nDing0f year 411,813 658,996 Cash and fash equfvalert5at el￿ of ￿•T $94.137 411,813 17_ BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs FOR THE YEAR ENDED 31 MARCH 2022 Ac¢ounting poll¢ie5 Cornparry informatian Brent Centre for Young People is a privare company limited by guarantee incorrwated in En￿and and Wales. The ￿gIStered office is 51 Winchester Aven￿. Lor￿0￿. NW6 7rr. 1.1 Accountlngconventlon The financial statements have been yepared accordance with the Charlty's Memorandum and Articles of Assoclèt5on. the Companies Att 2LNJ6 and"AccountinB and Reporting by Charities." Statement of Recommended Practice applicable to charlties preparing their acceunis in accordancewith the Financial Reporting stsndard appluble in the UK and Republic of Ireland IF 1021 leffective l January 20191.. The Charity isa Public Benefrt Entity as defined by FRS 102. The financial Statements are prepared in sterlin& thich is the fvnctional currency of the Charity. Monetsry amount5 in these financial statement5 ère rounded to the nearest £. The financiol statements hove been prepared under the hi5toric41 c05t convention. modified to include the revoluation of Inve5tment5 * fair valve. The principal accountin8poliEie5adopted are Set out below. 1.2 fj•ln8 ton¢*n The Trustees. after considerinB the Charity's financial results and finanoal forecast5. ha¥e a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable fvture. For this reason, they continue to adopt the goin8concern b3515 in preparin8the financial Statemen 1.3 ChDrll8ble funds Unrestrirted funds are wallable lor yseatthe dis¢retiom of ihe Tiusiees in lurthefan¢e•f their ¢harltable objectives. Oe5ignated funds compr15e lund5 %thich hwe ljeen Set asideat the discretion of the Tru5tee5for swclfic purposes. The purposes and u5e5 of thede518nated fund5 are set out in the note5 to the finanual statements. Restrlcted funds are subject to specific conditSons by donors as to how they may t* used. The purposes and uses of the restricted funds are set our in the notes to the financial ststements. 1.4 Incomln8 resourtes Income is reco8nised when the Charity 15 legally entitled lo it after any performance wndition5 hwe bpen met, the amounts ¢an be measured reliably, and it is probable that income will be received. Cash donation5 are reco8ni5ed on receipt. Other dorb*iws a￿ reco8nised oncethecharity ha5 been notified ofthe donation, unless performance conditions require deferral of the amouni. Income tax rec￿erable in relation to donations received Under Gift Aid or deed5 of co¥enont Is reco8Thised at the ¢ime of the donatbon. Grant Income Is recognised In full In the year in which it is receivable. uyng the performance model, unless there are speclflc performance related conditions ihat preveni its recognition and instead the income is deferred. 18- BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting pulicie5 Icontinuedl 1.5 Re50urce5 expended All expenditure is accounted for ¢)n an attruals basis and has been Classif￿ under headings th* a88rewe all tosts related to the category. stsff cests notdlrectly identrf*d have been allocated on the lollowin8 basis= Fundraising costs Support costs Direct charitable actwitie5 Direct cosi 22% of total cost 78% oftotal cost 1.6 T*n8lble flxed assets Tangible fixed 355ets are initially measured at C05t and 5vbsequently measured at cost, Thet of dep￿CiatIon and any impairment105ses. Depreciation Is reco8nSsed so as to write off the cost ol assets less their residual values over their useful Ilve5 en the fellowln8 bases.. Freehold property Equlpment 3% on reduclngbalance 25% 5trai8ht line The galn or105s arising on the disposal of an a55et is determined as the difference between the Sale proceed5 and the carryln8 value of the asset, and is recognised in net incomellexpendrf(uiel for the year. 1.7 Flxed asset In¥estsneThts Fixed a55et investment5 are initialty me•surel at transartion price excludindtransartion cost5, and are 5ub5equently me45ured at fair value at each reporting dale. Ch•n8es in fair value are rewgnised ifi net ifi¢omellexpenditufel for the year. Transartion costs are expensed as In¢urred. 1.8 lrnpalrrnenl olflxed 45Wt5 At each reportin8 end d*e, the Charity r￿ewS the carrying amounts of Tts tsngible assets to determine whether there Is anv indication that those assets have suffered an impaimient loss. If any such indicatKn exists. the recoverable amount of the asset is estlmated In order to determinethe ertent of the impalmient loss Ilf arwl. 1.9 Cash and ush equlvalents Cash and cash equivalents incI￿le cash in hand, deposits held at rall with bon*$ and other short-term liquid investments wlth oriwnal maturitie5 of three monlh5 or le5$. 1.10 Flnanclal In5trument5 The Charity has elected to appty the PTovlslon5 of Sectlon 11 'Ba￿C Flnandal lThstrurDent5' and Sectlon 12 '0ther Flnanclal In5trument5 Issues, of FR5 IOZ to all of its financial insrruments. The Charity only ha5 financial assets and finanual liab-lit*s of a kind that qualify as basic financial instruments. Basic financial instruments, other th4n investmeThts. a￿ initially recognised at transaction value and subsequently measured 8t their settlement value with the ex£eption of bank loans which are sUbseq￿￿tIY measured at arnortised cost using the effective interest rneth¢KI. 1.11 Ret1￿MeTht beneffts Paytnents to defined contribution rÈtiremÈnt ￿nefit 5(hemÈs* charged as an Èxpense 35 they fall due. 19- BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Crltiral accountingestirnates and ju*ments In the application ol the Charity'5 accountiTrg poliaes, the Tru5tee5 afe Tequifed to make judgerTTrent5, estirnate5 and as5UmPtion5 about the Girrying amount of assets and liabilit￿5 that are not readity apparent from other 50urce5. The estimates and associated èssurnptions ère ba￿ orb historical experience and othef factors that are £onsidered to be relevant. Attual results mty differ from theseestim*es. The estlmates ènd underlyingassumptions are on an on80in8 basis. to accounting estimates are recognlsed in the perlod In which the estimate is revised wh*e the revision afferts only that period, or Sn the period of the revlslon and future periods where the revision affects both Current ènd future perieds. The Trustees de not consider there to arhy critical acctyJntin8 estimates or jud8ements applied In the preparation ef the financial statements. Donotlons As restated Restrirted funds As restated Totsl Unreslvlrted Aethrted fvnds funds neAI Tot•1 Unrestricted funds 8efieral 2021 2022 2022 2022 2021 2021 Donations and 8lfts 342.649 846,996 1.189.645 397.273 467,104 864,377 Ch•rltsbl¢ l¢tI￿tIeS 2021 Prlvate and clinical serwces 251,029 298,416 Investmtnt Imtome unreA￿tted lunds 8eneral 2022 Unrestritted funds general 2021 Bank interest receivable and Investment incorne 9,549 10,222 -20- BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Otherlncorne Totsl Unrestricted funds general 2021 2022 CJR5 government grant 6,560 unre#￿tted lunds 8enernl 2022 Unrestrlcted funds 8eneral 2021 20,846 81,950 2,400 108,827 Stall costs FundraI￿n8 ènd publi¢ity 102,796 111,227 Im man 8,976 8,840 111,772 120,067 21 BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 ainlcal services Z022 2021 Staff costs Depreciation and impairment Other 937,466 6,904 3,992 837,197 8,792 3,979 948,362 849.968 Share ef support costs (see note91 Share of 8overnance c05ts15ee note91 289,144 16,170 260,539 11,413 1,253,676 1,121,920 Afialysls bylund Unrestricted funds- Beneral Unrestricted funds- desl8nated Restricted fund5 714,877 6,904 531,895 691,685 8,792 421,443 1,253,676 1,121,920 Supporttosts 2022 Support cost5 Governance cost5 2021 Staff costs Heèd oNitè costs Other costs 147.213 62,71S 79.216 147,213 62,715 79.216 134,515 33,523 92.501 134,515 33,523 92.501 Audlt fee5 16.170 16.170 11,413 11,413 289.144 16.170 305,314 260.539 11,413 171,952 io Tvustee5 None ofthe TrurtÈÈs lor any per$￿S tonnÈtted wtih theml receNed any remunetati¢)n or benefttsfrom the Charityduringthe year. There were no reSmbursed empensestotrusiees duringthe year12021- nil). -22_ BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 li Employees Number of employee5 The average monthly number of emplow durinRthe¥ear was= 2022 Number 2021 Number Man38ernent and administrative staff Research and clinical staff io 30 27 36 Employment costs 2011 2021 Wa8es and sèlarles Social Security costs Other penslon costs 1.041,192 94,529 30.908 959,121 83,752 37,666 1,166,629 1,080,539 The number of employees whose annual remuneration was £60.C(Qty Ma￿ were.. 2022 2021 Number Number £￿,0(￿}£99,999 The key management personnel of the charity comprise rhe trustees. the Ch*1 Executive Officer, Ekecutfve A5SiStant to the Chief Executive OfFicer. Head of Finance & Resource and Admini5traiion and Finance Mana8er. The total benef115 of the kev management Per￿n￿e1 of the charity were £278.89512021.. £255.3031. Pension costs In respect of higher pald employees was £8,15012021.. £9.4IOI. Net salnsllloue51 w In¥es¢ments Unrestrtcted fvnds 8ener*l 2022 funds 8eneral 2021 Revaluation of investments Gainlllossl on sale of investments 13,4641 112,1811 131.819 31,423 115,6451 163,242 -23- BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Tan8lble fixed asset5 £4￿1PMent Total 0￿rtY Cost At l Aprll 2021 341.440 40.806 382,246 At 31 March ZOZ2 341,440 40.806 382,246 Oepreclatlon and Impalrment At l April 2021 Depreclation charged in the year 178.674 4N3 35,386 2,021 214,060 6,9C14 At 31 March 2022 183,557 37.407 220,964 Carryln8 amount At 31 March 2022 Is7￿3 3.399 161,282 At 31 March 2021 162,766 5,420 168,186 -24_ BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 14 FIMed asset Investynents u#ed Cash In p(ffrlono In4v￿ents Totsl C05t or At l Aprll 2021 Additions Valuation change5 Investment income Management charge5 Disposals 308,402 92,1 13.4641 59,168 192,(ml 867,570 13.4641 9,505 18,9761 9,505 18,9761 73,091 185,2721 At 31 March ZOZ2 811,666 40,788 852,454 Carryln8 amount At 31 March 2022 811,666 40,788 852,454 At 31 March 1021 808,402 59,168 867,570 15 Flnantlal Inrtruments 2022 2021 Carrylni amountof fln•ntlal assets Instruments me•sured at lèir valye throu8h profit or loss 811,666 808,402 16 Oebtars 2022 2021 Amountshlllni due ￿thIn thie ￿*￿- Trade debtors Other debtc>rs Prepayments and accrued income 280,212 305,426 669 9,379 5,415 291,635 311,SLO -25- BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 17 Credttors-. amoyntsfallingdue ¥thhin ye As reststed 2021 zoiz Other tèx*ion and social ￿￿ritY Deferred income Trade creditors Other creditors Accruals and deferred income 22,099 50,WD 13,582 755 30,339 9,424 77,170 52.544 163,606 92,307 At 31 March 2022 £50,QCOI2021".£nS11 ol Income wasdeferied. 140 amout)twas brou8hi forward from earlier years. Re￿reMeTht benefft sthemes Deflned contrlbutlM Khemes The Charity operates a defined contribution pension scheme fef all qualifyin8 employees. The assets of the scheme are held separaiely from those of the Charity in an independently administered fund. The charge to statement of financlal arthfllies respett of defined COThtrlbufjon schemeswas £30,9)812021- £37,666), -26- O p Q Ln ry4 Ifi BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 20 DeslBnated funds The income funds of the charity include the following de5i8nated fund5 which have been Set aside out of urire5tricted funds by thetru5tee5 for sppcific purp05es'. BalaKeat IAw4 IOZO eYweTrded IApril 2021 Resources 8alJnce at eynded 31 Marth 2022 Fixed Asset Fund5 Research Projects Education and Trainin8 DeVelO￿ent 176.978 Iso.its) IS0.￿XI 18.7921 168.186 150,0 Is0.￿) 16.Wl 161,282 150,0 150,0(N) 476.978 18.7921 468.186 16.9041 461,282 Flxed asset fund- equate5tothevalue of fwed assetsatthe balance sheet date. -29- tyJ r¥ 4n *) r BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL ￿ATEmENTs {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Related partytransactiry There %vere no di5closable related party tranS￿l0￿5d￿nn8theyearl2o21- nonel. 24 Prlor year adlustrnemt The prlor year adjustment relates to £104.764 of restricted lund income received in the year to 31 March 202112020". £59,103) whlch was Incorrettiy deferred to the following ￿ar. The effect ol recognising the income in the year In which it was received is to redu￿ accruals and deferred income ai 31 March 2021 by £104.764 and to Increase the restricted fund balance brought forward at that date by the same amount lincreayng the balance at 31 March 2020 by £59.1031. The difference between these two amounts. £45.661. increases the valueof donations and Eifts in the year ¢0 31 March 2021. As ￿$tated sh 8ener•ted from opeTrtlon5 2022 2021 Surplu5 for the ￿aT 69,130 I￿),830 Adju5trnent5 for.. Investment Inceme recognised in stètsmentof flnancial activities Los511gainl on disposal of investments Falr value 8ains and10sses on investments InvÈstmÈnt mana8ernent thar8es Depreclation and Impairment OltsnW￿e fixed xsets 19,5491 12,181 3,464 8,976 6,904 131,4231 1131,8191 8,840 8.792 Mevernent5 In wcrkin8cawtsI.. Decreèsellincreèsel in debtors 19,875 21,299 50,IXX) 1192,5871 Increase In deferred Income Cash generated fr0m1labsort￿d by) oper•tlons 182,280 1247.1831 26 Analy515 of than8e5 In fvrbd5 The Charity had no debt durin8 year. 31