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2024-03-31-accounts

Charity Registration No. 1081903 Company Registration No. 04037793 (England and Wales)

BRENT CENTRE FOR YOUNG PEOPLE

(A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

BRENT CENTRE FOR YOUNG PEOPLE

LEGAL AND ADMINISTRATIVE INFORMATION PAGE

Trustees Mr P J Bard BCom MBA MSc (Chair)(resigned on 29 April 2024)
Dr B L Roberts MB ChB FRCPsych (appointed Chair on 29 April 2024)
Pessi Elias MSc
Mr Randy Mannie (Treasurer)
Mr Gideon Hadary MSc
Mr Simon Dodds
Mr Ian Barnes
MS Anoushka Babbar
Mr Philip Stokoe
Chief Executive Dr M J A de Sauma MD, F. Inst. Psychoanal. (resigned on 15 April 2024)
Mrs Valentina Levi (appointed 16 April 2024)
Company Secretary Dr M J A de Sauma MD, F. Inst. Psychoanal. (resigned on 15 April 2024)
Mrs Valentina Levi (appointed 16 April 2024 / resigned 6 November 2024)
Mr Niall Henderson (appointed 6 November 2024)
Charity number 1081903 / SCO052246
Company number 04037793
Registered office 51 Winchester Avenue
London
NW6 7TT
Auditor Azets Audit Services
2ndFloor Regis House
45 King William Street
London
EC4R 9AN
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

Page
Trustees’ report 1 – 8
Statement of trustees’ responsibilities 9
Independent auditor’s report 10 – 12
Statement of financial activities 13
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 26

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Board of Trustees are pleased to present their Trustees’ Annual Report and financial statements for the year ending 31 March 2024. The Trustees’ Annual Report contains a Directors’ Report as required by company law. The Trustee’s confirm they have complied with the requirements of the Charities Act 2011 to have due regard to the Charity Commission’s general guidance on public benefit. The financial statements comply with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 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).

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 around 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:

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:

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BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Centre’s activities are provided through, Individual Adolescent Exploratory Therapy (AET), Individual Psychotherapy, Private Services, Parental Support and Family Therapy, Practical Support, Young Offenders Project, Schools Services, Sport and Thought, Research and Scottish Highlands. AET, Psychotherapy, Parent Support, Practical Support and Research activities are undertaken at Laufer House and Byron House (WCYP), and the other projects take place in outreach locations such as Schools and Brent Youth Offending Services.

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BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

ACHIEVEMENTS AND PERFORMANCE

Brent Centre for Young People is delighted that in the year 2023/24 it:

The Brent Centre for Young People has continued to develop its outreach therapeutic work in 8 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 2023/24 were aged between 11 and 25, and their ethnicities reflect the diversity of the boroughs in which the BCYP works.

To assess the impact of their work on young people, the BCYP 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 do not necessarily mean total recovery.

We saw significant therapeutic achievements in mental health and emotional difficulties.

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BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Clinical Services Case Study.

Bella, 15, was referred to the service due to low mood, anxiety and self-harm. The referral confirmed she was in temporary foster care, having absconded from home and family placements on multiple occasions. Bella had described to her Social Worker a complex and traumatic history including parental neglect, severe domestic violence together with sexual, physical and emotional abuse.

Whilst Bella generally presented in a pseudo-adult way, there were glimmers of young, child-like naivety and innocence. She was doing very well at school and played high-level cricket, but despite her obvious capacities, it was clear that she was extremely vulnerable and that there were few protective factors in her life. Bella had an intense relationship with her boyfriend she had been with for three years, but her boyfriend was very controlling, had tried to stop her attending therapy and made her quit her cricket team. She had become very isolated.

Bella attended weekly therapy sessions for seven months, despite being wary of making new connections due to the pain of the loss she experiences when relationships end. She had a good capacity for thought and told me that she valued the calm and reflective space to help her think and make decisions. Towards the end of the intervention, Bella had settled into her permanent foster care placement after a difficult start, ended her relationship with her boyfriend and rejoined her cricket team.

Schools Services Case Study.

Caleb, aged 15, was referred to the Brent Centre while awaiting CAMHS support. His school was deeply concerned, reporting suicidal thoughts, past attempts, and the impact of domestic violence at home. Though academically gifted, his performance was declining, and he struggled with anxiety and "meltdowns." The Centre provided Caleb with four years of therapy, followed by two years of practical support from a youth liaison officer.

Initially, therapy focused on Calebs' family challenges, his low mood, and his critical inner voice. Persistent suicidal thoughts and feelings of hopelessness were addressed through a supportive network involving social services and school safeguarding leads. Over time, he explored feelings of abandonment linked to early traumatic experiences and began to understand his parents' struggles, fostering forgiveness and reducing self-blame.

Recognising traits of autism, Caleb’s therapist facilitated an autism diagnosis through CAMHS, which proved pivotal. Therapy shifted to helping him understand his sensory sensitivities, social difficulties, and executive functioning challenges. This understanding allowed Caleb to reframe painful memories and accept himself, leading to a decrease in suicidal thoughts and an improvement in managing anxiety.

Practical support from BCYP’s youth liaison officer helped him navigate academic choices, university applications, and extracurricular activities. He joined a prestigious community and personal development programme and cadets, which offered structure and a sense of belonging. Opting for less academic A-levels, Caleb discovered a passion for photography and gained confidence in pursuing university education.

As therapy neared its conclusion, Caleb explored complex feelings about gender and relationships, finding relief in a nonjudgmental space. Though leaving therapy was difficult, he reflected on his progress, now envisioning a future for himself. Support structures were arranged for his university transition, empowering him to face challenges with resilience and independence.

Caleb’s journey highlights the transformative impact of comprehensive support, enabling him to overcome significant obstacles and build a hopeful, fulfilling path forward.

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BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

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 Private Services Clinic. In the financial year ending 31 March 2024, 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 were supported with funding from: NWL (Brent) ICB, John Lyon’s Charity, Government of Ireland: Emigrant Support Programme, Irish Youth Foundation, National Lottery Community Fund and Young Brent Foundation.

The Schools and Sport & Thought projects were funded by John Lyon’s Charity, BBC Children in Need, Hargreaves Foundation, The ASDA Foundation, The Percy Bilton Charity, The Hedley Foundation and National Lottery Communities Fund (Million Hours Fund).

Youth Justice Service project was funded by The 29[th] May 1961 Charitable Trust, Beatrice Laing Trust, Charles Hayward Foundation, The Austin & Hope Pilkington Trust and Dentons LLP.

The Westminster Centre for Young People project was funded by: John Lyon’s Charity and Westminster Foundation.

Scottish Highlands project was funded by Scottish Children’s Lottery Trust, The Barcapel Foundation, The Hugh Fraser Foundation, Crerar Trust and the Susan Emery Trust.

The Young People in Crisis project, which works across the above projects, was funded by The Sobell Foundation, The Henry Smith Charity, The James Tudor Foundation, David Riddell Memorial Trust, William Allen Young Charitable Trust, Garfield Weston Foundation, Jusaca Charitable Trust, Peter Stebbings Memorial Charity, Pantheon Charitable Trust, and The Belvedere Trust.

BCYP core activities received funds from donations by marathon events, individuals, training/seminars, The Julius Silman Charitable Trust and The Vintners’ Foundation.

For the year ended 31 March 2024, the Brent Centre for Young People had total income amounting to £1,736,951 (2023: £1,335,360) including capital income. The total expenditure was £1,855,394 (2023: £1,630,995) with the net movement in funds being a deficit of £62,140 (2023: Deficit £313,965).

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 NWL ICB, Schools and Grant Making Trusts.

Going Concern

The Trustees after making appropriate enquiries, have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future, at least twelve months from the date of approval of these financial statements. For this reason, they continue to adopt the going concern basis in preparing financial statements. Further details of the adoption of the going concern basis can be found in the accounting policies.

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BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

RESERVES POLICY

BCYP’s policy is to hold sufficient free reserves to cover expenditure of between three and six months. This will allow the charity to continue some level of its activities in the event of a sudden deterioration in its finances and give and to give a degree of freedom to find new opportunities.

Each year the Executive Committee of Trustees reviews the appropriate level of reserves by assessing the risks facing the BCYP and the potential financial impact of these. The policy requires the Trustees to ensure that the reserves are adequate to:

As at the end of the year, of the total reserves, the amount of free reserves held by the BCYP was £749,463 which is approx. 5 months of planned forward expenditure. We are comfortable with this level considering the fluctuations in the economy. 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 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.

BCYP 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 clinical services of the Brent Centre are reaching a large number of young people. With the expansion of the clinical services of the centre, there is an increased need of an infrastructure that supports the excellent work taking place in our many projects. To this end we are continuing to focus on expanding our fundraising and communication strategy. This with a view of expanding the reach of the Centre geographically, both within London, and more widely.

Training and research are important strategic developments for the Centre, in terms of reaching more young people with our therapeutic model and expertise, and in continuing to understand adolescent mental health. The Centre will continue to expand the seminar series to GPs, frontline workers, international series of lectures and clinical seminars aimed at psychotherapeutic professionals and trainees. These new directions in training will continue to bring a source of funding to the Centre.

The Centre additionally held a very successful conference with Westminster School in 2023 and look forward to holding a second conference in the summer of 2024.

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BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Brent Centre for Young People is a registered charity (1081903) in England and Wales, and (SCO052246) in Scotland. 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 the 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 for a further three-years term at the Annual General Meeting. As the need to recruit new Trustees arises, BCYP 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. The 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; PhD; 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 and Mr. Philip Stokoe.

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 meets at least five times a year. The Board set and reviewed strategy and monitored operational matters. The Management and Finance Committee is a sub-committee of the Board of Trustees which includes the Chair, Treasurer, three 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 annually by members 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.

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BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2024

Internal control and risk management

The Board of Trustees is responsible for ensuring that BCYP has an appropriate system of financial controls that regulates the efficient and effective operation of the charity. The Trustees ensure 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 and are satisfied that systems are in place to manage those risks.

Key identified risks and approaches to mitigate are:

BCYP 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 it 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 Azets Audit Services be re- appointed as auditor of the company will be put to the Annual General Meeting.

On behalf of the Board of Trustees

Dr Bernard Roberts MB ChB FRCPsych Chairperson Date: 16 December 2024

Randy Mannie Treasurer Date: 16 December 2024

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BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2024

The Trustees, who are also the directors of Brent Centre for Young People for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 . They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

9

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR’S REPORT

TO THE MEMBERS OF BRENT CENTRE FOR YOUNG PEOPLE

Opinion

We have audited the financial statements of Brent Centre for Young People (the ‘charitable company’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the Statement of cash flows 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, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the 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 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Report of the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

10

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR’S REPORT (CONTINUED)

TO THE MEMBERS OF BRENT CENTRE FOR YOUNG PEOPLE

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees, who are also directors for the purposes of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are 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.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

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BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITOR’S REPORT (CONTINUED)

TO THE MEMBERS OF BRENT CENTRE FOR YOUNG PEOPLE

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/Our-Work/Audit/Audit-and-assurance/Standards-and-guidance/Standards-and-guidance-forauditors/Auditors-responsibilities-for-audit/Description-of-auditors-responsibilities-for-audit.aspx.

This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

J Howard FCA (Senior Statutory Auditor) for and on behalf of Azets Audit Services Statutory Auditor

2[nd] Floor Regis House 45 King William Street London EC4R 9AN

Date: 17 December 2024

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BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Current financial year
Unrestricted
funds
general
Unrestricted
funds
designated
Notes
2024
£
2024
£
Income and endowments from:
Donations
3
752,144
-
Charitable activities
4
261,475
-
Investment income
5
12,717
-
Total income
1,026,336
-
Expenditure on:
Raising funds
6
162,138
-
Clinical services
7
644,942
77,729
Total expenditure
807,080
77,729
Net gains/(losses) on investments11
56,303
-
Net movement in funds
275,559
(77,729)
Fund balances at 1 April 2023
473,904
367,528
Fund balances at 31 March 2024
749,463
289,799		 Restricted
funds
2024
£
710,462
-
153
710,615
-
970,585
970,585
-
(259,970)
580,506
320,536		 Total
2024
£
1,462,606
261,475
12,870
1,736,951
162,138
1,693,256
1,855,394
56,303
(62,140)
1,421,938
1,359,798		 Total
2023
£
1,160,730
164,626
10,004
1,335,360
104,965
1,526,030
1,630,995
(18,329)
(313,964)
1,735,902
1,421,938

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

13

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Prior financial year
Unrestricted
funds
general
Unrestricted
funds
designated
Notes
2023
£
2023
£
Income and endowments from:
Donations
3
585,619
-
Charitable activities
4
164,626
-
Investment income
5
10,004
-
Total income
760,249
-
Expenditure on:
Raising funds
6
104,965
-
Clinical services
7
936,195
93,754
Total expenditure
1,041,160
93,754
Net gains/(losses) on investments
11
(18,329)
-
Net movement in funds
(299,240)
(93,754)
Fund balances at 1 April 2022
773,144
461,282
Fund balances at 31 March 2023
473,904
367,528		 Restricted
funds
2023
£
575,111
-
-
575,111
-
496,081
496,081
-
79,030
501,476
580,506		 Total
2023
£
1,160,730
164,626
10,004
1,335,360
104,965
1,526,030
1,630,995
(18,329)
(313,964)
1,735,902
1,421,938

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

14

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET

FOR THE YEAR ENDED 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed Assets
Tangible assets 12 148,411 153,147
Investments 13 888,395 833,346
1,036,806 986,493
Current assets
Debtors 15 154,361 98,736
Cash bank and in hand 293,104 459,370
447,465 558,106
Creditors: amounts falling due within one year 16 (124,473) (122,662)
Net current assets 322,992 435,444
Total assets less current liabilities 1,359,798 1,421,937
Income funds
Restricted funds 18 320,536 580,506
Unrestricted funds
Designated funds 19 289,799 367,528
General unrestricted funds 749,463 473,903
1,039,262 841,431
1,359,798 1,421,937

The financial statements were approved by the Trustees on 16 December 2024

Dr Bernard Roberts MB ChB FRCPsych Trustee

Company Registration No. 04037793

15

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash absorbed by) / generated from/(operations
23
Investing activities
Investment income received
Net cash generated from/(used in) investing
activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
(170,353)
4,087
4,087
-
(166,266)
459,370
293,104		 2023
£
£
(136,344)
1,577
1,577
-
(134,767)
594,137
459,370		 2023
£
£
(136,344)
1,577
1,577
-
(134,767)
594,137
459,370
(134,767)
594,137
459,370

16

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. Accounting policies

Company information

Brent Centre for Young People is a private company limited by guarantee incorporated in England and Wales. The registered office is 51 Winchester Avenue, London NW6 7TT.

1.1 Accounting convention

The financial statement has been prepared in accordance with the Charity’s Memorandum and Articles of Association, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 and “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 (FRS 102)”. The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investments at fair value. The principal accounting policies adopted are set out below.

1.2 Going Concern

The Trustees, after considering the Charity’s financial results and financial forecast, 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.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Design funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purpose and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been net, the amounts can be measure reliably, and it is probably that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Grant income is recognised in full in the year in which it is receivable, using the performance model, unless there are specific performance related conditions that prevent its recognition and instead the income is deferred.

1.5 Expenditure

All expenditure is accountable for an on accrual basis and has been classified under headings that aggregate all costs related to the category. Staff costs not directly identified have been allocated on the following basis:

Fundraising costs Direct cost Support costs 15% of total cost Direct charitable activities 85% of total cost

17

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to wite off the cost of assets less their residual values over their useful lives on the following basis:

Freehold property 3% on reducing balance Equipment 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting data. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expected as incurred.

1.8 Impairment of fixed assets

As each reporting end date, the Charity review the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

1.10 Financial instruments

The Charity has elected to apply the provisions of Section 11 “Basic Financial Instruments” and Section 12 “Other Financial Instruments Issues” of FRS 102 to all of its financial instruments.

The Charity only has financial assets and financial liabilities of a kind that qualify as basis financial instruments. Basic financial instruments, other than investments, are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charges as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The Trustees do not consider there to be any critical accounting estimates or judgements applied in the preparation of the financial statements.

18

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES ON THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

3
4
5
6
7		 Donations
Unrestricted
funds
general
Restricted
funds
2024
2024
£
£
Donations and gifts
752,144
710,462
Charitable activities
Private and clinical services
Investment income
Interest and dividend income
Raising funds
Fundraising and publicity
Fundraising costs
Staff costs
Investment management
Clinical Services
Staff costs
Depreciation and impairment
Other
Share of support costs (see note 8)
Share of governance costs (see note 8)
Analysis by fund
Unrestricted funds – general
Unrestricted funds – designated
Restricted funds		 Total
Unrestricted
funds
general
2024
2023
£
£
1,462,606
585,619		 Restricted
funds
2023
£
575,111
2024
£
261,476
2024
£
12,870
2024
£
25,456
126,646
152,102
10,036
162,138
2024
£
1,230,920
4,736
199
1,235,855
441,801
15,600
1,693,256
644,942
77,729
970,585
1,693,256		 Total
2023
£
1,160,730
2023
£
164,626
2023
£
10,004
2023
£
20,603
75,155
95,758
9,207
104,965
2023
£
1,119,295
8,135
9,725
1,137,155
373,807
15,068
1,526,030
936,195
93,754
496,081
1,526,030

19

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8
Support costs
Staff costs
Head office costs
Other costs
Audit fees		 Support
costs
£
223,194
103,499
115,168
-
441,861		 Governance
costs
£
-
-
-
15,600
15,600		 2024
£
223,194
103,499
115,168
15,600
457,461		 Support
costs
£
174,688
119,512
79,607
-
373,807		 Governance
costs
£
-
-
-
15,068
15,068		 2023
£
174,688
119,512
79,216
15,068
388,875

9 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

There were no reimbursed expenses to trustees during the year (2023: nil).

10 Employees

Number of employees

The average monthly number of employees during the year was:

Management and administrative staff
Research and clinical staff
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
Number
10
37
47
2024
£
1,407,494
135,864
37,402
1,580,760		 2023
Number
12
33
45
2023
£
1,218,806
118,601
31,731
1,369,138

The number of employees whose annual remuneration was £60,000 or more were:

The number of employees whose annual remuneration was £60,000 or more were:
2024 2023
Number Number
£70,000 - £79,999 1 1
£80,000 - £89,999 1 -
£120,000 - £129,999 - 1
£130,000 - £139,999 1 -

The key management personnel of the charity comprise the trustees, the Chief Executive Officer, the Head of Clinical Services, the Head of Finance and Resources, the Head of Private Services and the Research Manager. The total benefits of the key management personnel of the charity were £392,467 (2023: £329,481). Pension costs in respect of higher paid employees was £9,793 (2023: £8,150).

20

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

11
Net gains/(losses) on investments
Revaluation of investments
Gain/(loss) on sale of investments
12
Tangible fixed assets
Cost
At 1 April 2023
At 31 March 2024
Depreciation and impairment
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023
13
Fixed asset investments
Cost or valuation
At 1 April 2023
Additions
Valuation changes
Investment income
Management charges
Disposals
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Unrestricted
funds
general
Unrestricted
funds
general
2024
2023
£
£
56,303
(19,541)
-
1,212
56,303
(18,329)
Freehold
property
Equipment
Total
£
£
£
341,440
40,806
382,246
341,440
40,806
382,246
188,293
40,806
229,099
4,736
-
4,736
193,029
40,806
233,835
148,411
-
148,411
153,147
-
153,147
Listed
investments
Cash in
portfolio
Total
£
£
£
810,915
22,431
833,346
567,113
(567,113)
-
56,303
-
56,303
-
8,782
8,782
(10,036)
(10,036)
(557,723)
557,723
-
876,608
11,787
888,395
876,608
11,787
888,395
810,915
22,431
833,346		 Unrestricted
funds
general
Unrestricted
funds
general
2024
2023
£
£
56,303
(19,541)
-
1,212
56,303
(18,329)
Freehold
property
Equipment
Total
£
£
£
341,440
40,806
382,246
341,440
40,806
382,246
188,293
40,806
229,099
4,736
-
4,736
193,029
40,806
233,835
148,411
-
148,411
153,147
-
153,147
Listed
investments
Cash in
portfolio
Total
£
£
£
810,915
22,431
833,346
567,113
(567,113)
-
56,303
-
56,303
-
8,782
8,782
(10,036)
(10,036)
(557,723)
557,723
-
876,608
11,787
888,395
876,608
11,787
888,395
810,915
22,431
833,346
(18,329)
Total
£
382,246
382,246
229,099
4,736
233,835
148,411
153,147
Total
£
833,346
-
56,303
8,782
(10,036)
-
888,395
888,395
833,346

21

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

14
Financial Investments
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
16
Creditors: amounts falling due within one year
Other taxation and social security
Deferred income
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
876,608
2024
£
142,416
600
11,346
154,362
2024
£
56,334
-
15,821
1,993
50,325
124,473		 2023
£
810,915
2023
£
91,490
711
6,535
98,736
2023
£
46,528
-
21,493
1,063
53,578
122,662

17 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

The charge to statement of financial activities in respect of defined contribution schemes was £37,402 (2023 - £31,731).

22

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

18 Restricted funds

The income funds of the charity include the restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

In house projects
Development Fund
Schools project
YOS Project
Sport and Thought
Healthy minds Brighter Future (Big Lottery)
Irish Projects
Tablets
Highlands
WCYP Projects		 Movement in funds
Balance at
1 April 2022
Income
£
£
130,614
120,983
59,111
-
59,691
87,145
67,334
32,500
14,976
80,657
-
156,990
11,750
22,000
-
12,836
-
-
158,000
62,000
501,476
575,111		 Expenditure
£
(26,667)
-
(49,146)
(34,221)
(65,582)
(136,771)
(5,250)
(12,836)
-
(165,608)
(496,081)		 Movement in funds
Balance at
1 April 2023
Income
£
£
224,930
116,080
59,111
-
97,690
136,950
65,613
48,050
30,051
83,993
20,219
142,872
28,500
26,150
-
-
-
26,000
54,392
130,520
580,506
710,615		 Expenditure
£
(285,984)
-
(183,952)
(83,727)
(86,182)
(151,044)
(48,150)
-
(12,650)
(118,896)
(970,585)		 Balance at 31
March 2024
55,026
59,111
50,688
29,936
27,862
12,047
6,500
-
13,350
66,016
320,536

23

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

18 Restricted funds

In House Projects – Funded to support, Healthy minds, brighter futures through Adolescent Exploratory Therapy, Parent Support and Family Therapy, Practical support and Research activities undertaken at Laufer House.

Development Funds – Staff professional development.

Schools project - Outreach at schools, currently working with 8 schools in Brent and beyond. BCYP provide one-to-one support through Adolescent Exploratory Therapy and pilot brief intervention service for pupil with less severe difficulties.

YOS Project - The Young Offenders Project is based at the Brent Civic Centre working in conjunction with the Youth Offending Services. Youth Offending Service offered for Adolescent Exploratory Therapy, Parent support, Family therapy, and group discussion programs.

Sport and thought - Sport and Thought is a combined football coaching and group therapy programme delivered by adolescent psychotherapists. Sport and Thought creates a safe place for young people to build friendship sand address the root cause of their behaviours.

Irish Projects - The funds were restricted to the Irish Mental Health and practical support project, included within In House projects offered at Laufer House. It offers Adolescent Exploratory Therapy, Parent Support, and Family support. During the year the Government of Ireland, awarded a grant of £22,000 towards the Emigrant Support Programme for the year 1 July 2023 to 30 June 2024.

WCYP - collaborative service with the Institute of Psychoanalysis and the British Psychoanalytic Society to develop a child and adolescent clinic. The WCYP offers assessments, Adolescent Exploratory Therapy, Parent and family support.

19 Designated funds

Fixed Asset Funds
Research Projects
Education and Training Development		 Balance at
1 April 2022
£
161,282
150,000
150,000
461,282		 Expenditure
£
(8,135)
(85,619)
-
(93,754)		 Balance at 1
April 2023
£
153,147
64,381
150,000
367,528		 Expenditure
Balance at 31
March 2024
£
£
(4,736)
148,411
(64,381)
-
(8,612)
141,388
(77,729)
289,799		 Expenditure
Balance at 31
March 2024
£
£
(4,736)
148,411
(64,381)
-
(8,612)
141,388
(77,729)
289,799
289,799

Fixed asset fund – equates to the value of fixed assets at the balance sheet date.

Research project – funds designated to help manage costs of future research projects.

Education and Training Development – funds designated to the development of training projects.

24

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

20 Analysis of net assets between funds

Fund balances at 31 March 2024 are represented by:

Tangible assets
Investments
Current assets/(liabilities		 Unrestricted
funds
2024
£
-
747,007
2,456
749,463		 Designated
funds
2024
£
148,411
141,388
-
289,799		 Restricted
funds
2024
£
-
-
320,536
320,536		 Total
2024
£
148,411
888,395
322,992
1,359,798		 Unrestricted
funds
2023
£
-
618,965
(145,062)
473,903		 Designated
funds
2023
£
153,147
214,381
-
367,528		 Restricted
funds
2023
£
-
-
580,506
580,506		 Total
2023
£
153,147
833,346
435,444
1,421,937

25

BRENT CENTRE FOR YOUNG PEOPLE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

22 Related party transactions

There were no disclosable related party transactions during the year (2023 – none).

23 Cash generated from operations

Cash generated from operations
(Deficit)/Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Loss/(gain) on disposal investments
Fair value gains and losses on investments
Investment management charges
Depreciation and impairment of tangible fixed assets
Movement in working capital:
Decrease/(increase) in debtors
Increase in creditors
(Decrease) / Increase in deferred income
Cash generated from/ (absorbed by) operations		 2024
£
(62,140)
(12,870)
-
(56,303)
10,036
4,736
(55,626)
1,812
-
(170,353)		 2023
£
(313,964)
(10,004)
(1,214)
19,541
9,207
8,135
192,899
9,056
(50,000)
(136,344)

The charity had no debt during the year.

26