Company Number: 04149036 Reglstarnd Charity Number.. 1087163 trust 99 ISLE OF WIGHT YOUTH TRUST A Company Limited by Guarantee TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
Isle of Wight Youth Trust Company Limited by Guarantee Trustees Report and Unaudited Accounts for the year ended 31 March 2022 REFERENCE AND ADMINISTRATIVE INFORMATION Truslees l Dlrectors Nlk Attfield Peter Elliott Helen Farrant Antonio Giannotta Michael Lilley Malcolm Marshall Lee Peckham Alison Pleszak Amy Sweeting Edward Webb Chief Executlvg Officer Jo Dare Company Secretary Jo Blad(ley Patrons Rob da Bank Josie da Bank Lord Michael Grade Charlty Number: 1087163 Company Number: 0414W36 Princlpal address & Registered Offlce 114 Pyle Streel Newport Isle of Wight P030 1XA Contact delails: Tel: 01983 529569 Email.. info outhtrust.co.uk Website outhtrust.co. Bankers Bardays 8 High Street Ryde P033 4PE Indop8ndent Examlner Moore (South) LLP g St John's Place Newport Isle of Wight P030 1 LH Governlng Instrumont M8morandum and Athles of Association dated 29 January 2001
Isle of Wight Youth Trust Company Lirnited by Guarantee Trustee5 Report and Unaudlted Accounts forthe year ondod 31 March 2022 CONTENTS PAGE Trustees, and Directors, Report Independent Examiners Report 10 Statement of Financial Aclivities Ilnduding Income and Expenditure Accounll 11 Balance Sheet 12 Cashflow Statement 13 Notes to the Financial Statements 14-22
Isle of Wight Youth Trust Company Limited by Guarantee Trustees Report and Unaudited Accounts for the year ended 31 March 2022 TRUSTEES. AND DIRECTORS, REPORT The trustees present their report and accounts for the year ended 31 March 2022. This r8POrt also meets the criteria for a Directors Report under Company Law. The accounts have en prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Trust's Articles and Memorandum. the Companies Act 2(K16 and the Statement of Recommended Practice ISORP)°Accounting and Reporting by Charities. (FRS102) (applicable January 2019). AIMS, OBJECTIVES AND ACTIVITIES The objects of the charity are to advance the education and training of young people on the Isle of Wight through the relief of poverty, distress, and sickness. The charty seeks to meet the need for an independent service which bridges the gap in the netwark of r3re provided for young people by the statutory agencies in the Isle of Wight. To achieve this, the Isle of Wight Youth Trust Provides a confidential and independent counselling and advice seNice for young people under 25. Offers advice, infomiation and family counselling to the parents and guardians of young people. Co-operates and works in partnershipwith statutory and charitable bodies engaged in work with young people. Promotes the study of and research into all aspects of the problems faced by young people and di%seminate$ results appropriately. Engages in advocacy activity, to promote and campaign for a joined-up Island appro&h to tackling youth mental health stigma and improving outcomes for young people. Organises or contributes to meetings, seminars and other activities invoiving young people as appropriate. Engages with service users, to better understand the needs of our client group and work in partnership with them to develop our sefvices, to ensure better mental health outcomes for young people. In setting the charity's objeclives and planning activities. the trustees have considered the Charity Commission's general guidance on public benefit. The focus of our work and ensurlng It dellverg our alms Laying the groundwork for trdnsforniatlon Leadership change and the pandemic has resulted in us deciding lo review factors associated with sustainability. In this way, we wll be better able to manage risk around infrastructure arbd service delivery and ensure the charity can both survive and thrive. It is vital to achieve sustainability to continue to respond effectively to the mentsl hea5th needs of children and young people 4-25 years, formally broadening our remit into a YIACS Iyauth Information. Advice and Counselling Servi} mental health and wellbeing charity. strat6gy Durlng the year, development of a co-produced strategy commenced that included a review of youth mental health census data. work with the youth taskforce and staff consultation. Understandlng the challenges facing young people has giv8n us a new purpose.. To Ilsten to, and work withy young i51and8rs and thelr famllles so they can get the help they need, when they need It. to support their mental, and emotlonal wellbelng. To campaign for change that has posltlve Impact on young people. Therefore. we have new clarity in our vision for what we must achieve.. An bland where children and young people's mental health needs are wo11 rocognls•d and supported
Islo of Wlght Youth Trust Company Llmlted by Guarantee Trustees Reporl and Unaudited Accounts for the year ènded 31 March 2022 TRUSTEES. AND DIRECTORS, REPORT {continuod...) And how we will achieve it.. Life can be hard butaccesslng 8UPPOrtshouldn't be. By providing youth-led wellbelng and therapèutlc support when it's needed. we empower young people to fa¢0 lilo's challenges. If aligned to national research (Source." Princes Trust N81west Youth Index 2022) Approximately 3.029 young people on the Isle of Wight fe81 they will never recover from the emotional effects of the pandemi¢. Over 5.000 young people not in education, employment or training think their life wll amount to nothirKJ, no matter how hard they try. Recognising that local need has grown and with waiting times increasing. often young people's needs become more complex and multifaclorial. The co•roductron events have given us new energy to be more creative and ambitious, finding additional ways to deliver alongside counselling. psychotherapy. and CBT. This will help us build capacity within our seNices and ensure that children and young people feel more confident about their future, never having to wait too long for support. Underpinning this are our pro)sed refreshed values to direct the way we Wofk, the decisions we make and how we behave towards each other. Tru3tlng in our skill, honesty. integrity. op8nness, and mutual respect to ¢reate a safe environment Klnd through our compasston. understanding and support for one another Positiv• about being non-judgmentsl, hopeful. oplimislic. creative. empowering, ¢elebraling success Collaborative in our approach by being inclusive. flexible. adaptable, engaging -'no decision about us without us. and cornmunity focused Living these values will be vital if we are to achieve the 3 ambitions, we have sel ourselves over the next 3 years: Ambltlon 1: Young people have greater say in the things that affect them Ambltion 2: Gettlng the right information and help earller, when It's needed Ambition 3: Gettlng thg rlght help qulckly when thlngs get more difficult Governance Recruitmenl for new Trustees is ongoing with the aim of broadening and deepening the range of skills on the Board to represent Education and ditterent aspects of mental health delivery. Income ggneratlon Plans have been drafted to broaden income streams to reduce reliance on contracts and grants that include new opportunities kn fvndraising and social enterprise. People A review has ImpVed pay and conditions for staff. Improved levels of annual leave and support if ill, alongside pay that more closely matches, when affordable, NHS Agenda for Change salary structures are designed to cognise the stressful work undertaken to support staff wellbeing as well as trying to manage workforce shortages. Trustees also agreed lo a new role to lead on training and developrnent to start from April 2022. The role will develop and implement a comprehensive training and workforce development strategy, ensure that we maintain quality and manage risk through maintaining staff development and supports income generation through related social enterprise. perfOman management now has a consistent approach to addressing challenges and celebrab'ng achievements.
Isle of Wight Youth Trust Company Limited by Guarantee Trustees Report and Unaudited Accounts for th8 year ended 31 March 2022 TRUSTEES, AND DIRECTORS, REPORT {continuod... Youth voice Opportuntties to increase co-prodwtion and extend youth voice internally, and externally. have been agreed including fomialisation of young people and parentsl¢arers in the Trusfs govemance. Premlses During the year we reviewed our premises needs to support strategy outcomes. The premises in central Newport remain important for access due lo transport links but exploralion has commenced to achreve green spa¢e and community outreach lo improve the range of activities offered and accessibility. Communications A new website is being developed to improve understanding of Youth Trust and increase access to online and community resources. A Digital Marketing apprentice has been recruited since the year end to ensu communications for young people are led by young people. Managlng rfsk Resignation of key clinical roles during the year led to an independent review of our practice and risk management approach to review whelher we could maintain safe and effective opeF8tions whilst posts were recruited to. A¢tions were taken to ensure the continued safety of our service delivery, including. A review was carried out by the Head of Coun5elling and Wellbeing and an exlemal consultant who issued a report following the review which gave assurance over safe delivery of services. 3 Clinical Supervisors were appointed to provtde regular and consistent 3-way clinical supeTvision for counselling and wellbeing staff. All policies and procedures, the staff handbook, were reviewed and updated where n88d8d. Monitoring and evaluation There has been an increased use of data to monitor and evaluate Seices, maintaining quality and providing opportunibes for servts improvement. How OUT actlvltles dellver publlc beneftt Regular scrutiny looks at whal has been athleved, th8 beneficial impact on our clients and community and where we might improve. This keeps u5 on track and helps ensure that as a charity we are working to our stated purposes, mindful of the Charity Commission's guidance on public benefjl in how our executive team plan lo delNer activities that contribute to our aims and objectives. Review of activities Island population data analysed against national research outcomes reGognises that 1 in 8 children and young people are now struggling with t1r mental health at any one b'me (previously 1 in 9 in 2019) meaning that on the Island.. S,078 children and young people aged 4-25 may be struggling with their menlal health al any one time. Through early help actNity, rf half of all mental health problems are established by the age of 14, the Youth Twst stands the of preventing over 2.500 young people on the Island developing enduring mental heamh needs over Iheir lffetime.
Isle of Wight Youth Trust Company Limited by Guarantee Trustees Report and Unaudlted Accounts for the year ended 31 March 2022 TRUSTEES, AND DIRECTORS. REPORT (continued...) The current capacity and model of delivery during the year has Su[ted in our ability to support 674 children and young people with a total of 4,000 sessions. Trustees and staff are therefore exploring how we can develop and evolve our model (rf delivery to meet demand which is likely to increase again in the ¢ontext of war, the cost-of-living crisis and climate change. We plan to extend io a wider wellbeing offer and engage a volunteer and peer mentor team to suppc>rt Tier 1 wellbeing, information, advice and signposting as we develop into a YIACS model. This wll be led and managed by a new Youfh and Community Development Coordinator posL Progress to evofve a new model to meet demand and achieve our strategy ambitions has been slower paced (but not stopped) by Ihe knowledge that the Integrated Care Systems IICS) will be going out to re-procure the under 18's counlling SeN1 on the Isle of Wight during 2022. Although we still offer online or telephone appointments a large percentage of our clients prefer lo reM to face to face SesSnS held in person which has proved very positive. Counselllng Service5 During the last 12 months the counselling serv¢¢e has continued to offer a range of one to one and family sesstons to children and young people requiring a Tier 2 Counselling service. During the year there has been a consistent number of referrals every month of approximately 100 (with a 3-month closure to referrals) The gender split of referrals was 580fi females, 40°A males and 2°h other wÉth an age range of 280/0 4-12years, 51 /. 13-17years and 21¥0 18+ years. Referrals came In from a range of professionals including schools 124%), GP'S 112Qhl, parents1330hl and self-referral {13%) as well as several other agencies (18%). This semce has been predominately funded Ihrough a Tier 2 Gounselling Contract with the NHS Clinical Commissioning Group (CCGI to offer up to 12 sessions of 1=1, group or family sessions for4-18-year-olds at a current value of £211,000 which is now block funded and in Pla until March 2023 with additional funding gained from Children in Need for over 12 sessions complex counselling and Lottery funding for 18-25-year-olds. The use of a Routine Oul¢ome Measure {ROM} showed that 820fi of service users had an improved paired score from first sessi to last session using the YP-CORE 10 statement questionnaire. Evaluation feedback forms completed at the end of interventions for the date period show 83% scored 8 or above out of 10 many posfftive comments such as", "I cam8 here with anxiety, m8iorstress andprevlous low moods. l am only a lew weeks 8way from taking my GCSES but after six s8ssions with my counsellor, my stress is practically nonxistenl and my anxiety has completely disappeared. The methods my councillor has taught me have made me far more resilignt and as a resuft l am protjd ofhow far I have come- "I'm able to recogn0 my thought and feeling and have contml over them. I f881 I can speak tOP80pJ8 eawer and feel a lol betterin myselr. °My counselling from Youth Tnist has been helpfvl, I've leafflt how Èo properly cope with my emotions and panic attacks. In October 2021. we made the difficult decision lo pause new referrals. Recruitment difficulties across the sector coupled with more young people needing our help as we came out of the Covid-19 pandemic meant we had a waiting list of 380 young people. We therefore agreed with the CCG to close to new referrals until 1 FebTuary 2022 lo address the backlog and look al our clinical processes and capacty levels. We worked closely with commissioners and reviewed our cllnical processes and proUreS, including implementation of a threshold chart co -prodUd with CAMHS and 8amardo's and an agreement to recruit a Triage Lead for more collaboration across MH service providers and smarter triaging and assessment processes. This was agreed to be paid for by the CCG and the post has now been successfully recruited to. Consistent with many seclors acr055 the economy, a number of our employees took the time during the pandemic to re-evaluate their positions artdlor relocate off Ihe Isle of Wight. Thi5 caused a number of slaff Changes at the Youth Trust. This resulted in a re-struclure of senior posts and a Head of Counselling and Wellbeing role being established lo lead across organisational SeiCe delivery and join up the wider service offer of both well1n9 and Counselling.
Isle of Wlght Youth Trust Company Llmlted by Guarantee Trusteas Report and Unaudited Accounts for the year ended 31 March 2022 TRUSTEES, AND DIRECTORS. REPORT (contlnued...) This was alongside a new and experienced CEO starting in June 2021. The recruitment of a Senior Counsellor with many years of experien, a Service Team Lead. trained in both IAPT and Person Centred Counselling and a Triage Practice Lead reefuiled from CAMHS have all joined the team this yearto furtherstabilise the Clinical team and delivery. The Youth Trusl long standing Clinical Supervisor also left his post in February 2022 which enabled us to reassess all clinical policies and procedures with an extemal audit and recruit 3 highly qualified and experienced extemal Clinical Supervisors io Work wrth groups of counsellors and practitioners each fortnight All three have embedded themselves very well and are providing the expertise required to better support the team. The clinical systems and processes are now more robust and service specffic, and we are exploring BACP Accreditation as an additional quality standard. We aL80 recrutted two trainee counsellors on student placement working one day a week each offering counselling to further grow our future workforce and are looking lo attract more Recruit to Train ASC (Autism SpectNm Condition) specialism next year due to a growing demand of ASC referrals. Wellbglng Servlces The Wellbeing Service has also been developed in the last 12 months with tsvo qualified Child Wellbeing Pra¢titioners {CWPl delivering a range of 1=1 low intensity CBT interventions on Anxi8ly. Low Mood. Anger and Behaviour as well as a series ofworkshops delivered for parents and young peopl8 on Depression and Anxiety. On 1 September 2021 we opened Ihe Youth Trust Hub for a weekty drop in to allow young people and parents ac$$ to infomalion, advice and guidan. There are plans in place to reciuit two addifional CWP trainees to study at Sussex University from March 2023 to further expand the wellbeing and outreach offer. We have recruited a Youth and Community Development Coordinator to build on well-being services arKI outreach links in the community and grow a volunteer and peer mentor team. Group worft During the last 12 months two practitioners have been Irained lo deliver a three-week Tics w0shoP which is proving successfvl for those attending. The Youth Trust is now the first line intervention for young people presenting with Tics and referraLs must come with a di4gnosis from a GP. We also have a trained ASCLD IAPT (Autistic Spectrum Condib'onlLearning Disability - Increasing Access to Psychological Therapies) Practitioner who qualified at UCL and h85 been supporting young people with ASC and going into schools to look at the environment and the effect this may have on their needs. This has been partially funded by the CCG and in partnership with AIM (Autism Inclusion Matters). Durlng 2021 a sel of self-CCffidenee building groups called 'lNSPIRE 'were delivered to several young people aged 9-14 years lo Increase resilience. self-esleem. and confidence. Groups held were positive and feedback from the Course leader included.. "All of the group member3 expressed having enjoyed the group and found it very helpful. None of the group membgrs had w8llted to talk direcuy about the experifjnces that brought them to therapy. but they all expressed a s8ns8 of coh8sion fmm b8ing in a group of their peers. When engag8d in creatlV8 activities they began to talk oppnfy and to sharn gxpe179ncas and in tum gain Confiden.. In April 2022 we won a bid of £20k from the CCG and Energise Me to deliver a'skate Well, project in collaboration wilh Isorropla and John cattle Skate Club. Thi$ is still in initial development slages to roll out. MHST- Mental Health Support Team The MHST servKe contsnues to develop with all 8 trainee EMHP'S {Education Mental Health Practitioner) qualified in April 2022. Unfortunately, we rntlY lost four members of the team lacros5 Youth Trust and Barnardo's) to other roles and $0 have needed to recruit 4 replacement EMHP trainees. They will start their training in January 2023 al southamp University. The MHST office is now based in our Hub which has provided a useful and secure base with team meetings held weekly. There is an aim forthe team to be working in all Secondary Schools and Colleges and 16 Primary schools.
Isle of Wight Youth Trust Cornpany Limited by Guarantee Trustees Report and Unaudited Accounts for the year ended 31 March 2022 TRUSTEES. AND DIRECTORS, REPORT (continued...) We have also recruited a Clinical Lead froTll June 2022. Both roles have added additional stability and ¢linical skills and leadership lo the team. The Youth Trust has a Band 6 Senior Practitioner recruited from May 2022. The MHST team have received 350 referrals by 31 March 2022. MHST have delivered a range of 110 1 low iniensity CBT interventions on Anxiety, Low Mood, Anger and School phobia as well as Whole School Approach workshops, assemblies. and staff support sessions. All schools complete an audit to assess need and delivery and a half termly referral meeting is in place to ensure appropriate levels are coming into the service. The branding of the MHST 1090, which was co-produced Vth young people and the team, was designed by our Youth Trustvolunleei and is now on all the paperwork and leaflets. This has helped glve an Idenllty lo the team working across the three partner organisations (Youth Trust, Bamardo's tal and NHS). Youth Volco The focus during this year ha5 been to develop plans to extend youth voice further and enable increased participation. In July 2021 the bi-annual CENSUS was completed by 2.241 children and young people a¢r05s many Island schools and supported by the Taskforce members going into schools with staff members to gain the Voice and feedback from children and young people acr055 the Island. A new cohort of 12-25 T8skforce volunteers were recruited in September 2021. They attended an induction day al the Isle of Wighl Youth TrusL Taskforce members attend monthly rneelings in groups.. 12-18 years old & 18-25 years old. In February 2022 the Taskfor¢e look part in a short film to sh(hvcase Youth Mental Health senrices on the Island funded by the High Sheriff Funds. The Ta5kforce planned an away day event al Rob da Bank's, one of our Patrons, house with a focus on wellbeing in outside Spa5. One of our over 18 Task FO members attended and successfully completed the MHFA Youth Mental Health First Aid training in January 2022. As part ofthe strategy development, Task Force members worked wllh a consultant supporting strategy development. to share their views. This work means that the slrategy Is youth led and that young people help shape the service they need and want. Towards the end of the year. the Taskforce were involved in work to create a collaboration wtth the NHS Engagement Team which will allow shared discussions and decision making across many more Island services. To further expand on coifaboratton and youth voice, the Task Force developed plans to reach out lo the IW College and attended St Mary's Hospttal Wellbeing Fayre. They were able to engage with other young people and organisations and kK)k al ways to recruit more Task Force Membe and see what other services are available. Young people from Island schools were supported to help wth the recruitment of the MHST EMHPS by being a key part of the selection process. In October 2021, the Training and Advocacy Manager resigned, leaving in December 2021. The role was reviewed and. in the context of Youth Voice, support io develop this area of work fvrther was achieved by increasing the hours dedicated to this work. 3 clinical praclitionets within the team brought new energy and Ideas. A separate. dedicated Fundraising and Communications Manager was recruiled to focus on income generation and communicalions.
Isle of Wight Youth Trust Company Limiled by Guarantee Trustees Report and Unaudited Accounts for the year onded 31 March 2022 TRUSTEES. AND DIRECTORS, REPORT (continu&d...) FINANCIAL REVIEW Financial posltlon and prfnclpal funding sources Total income increased by 22%12021- 42%) on the FKevious year to £959,19912021- £784,814). This increase is primarily due lo the Youth Trust's success in securing grant income to fund its increased and expanded delivery and development. Grants receNed from Charities and Foundations tolalled £522.44012021- £523.378}. Statutory income from the CCG contract and Anna Freud IAPT funding increased by 64% 10 £421.5 12021 £256.8961. Total expenditure increased in line with income to £926,130 {2021- £595,861). During the year, the Youth Trust reported a surplus on operating of £33,06g {2021- £188.953}. As expe¢led, Ihe $urplus 1$ significantly re(luced from the previous year, as we have managed our budgets to deliver the increased demands post ¢ovvJ. Investment pol)cy As in pviouS years, Trustees hold reseTves in cash using a mix of noti and red term accounts to maintain flexibility of access. With the increasing demand for our services Trustees consider that we need to be able to draw upon reserves as needed. Reserves policy We have free reserves of £246,097 (2021- £190,180). Free reserves are general funds after allowing for the fvnds tied up in assets Inel of the related mortgage loan). or restricted or designated funds. Trustees have decided that funds should be designated 1n our reserves to reflect our strategic and operational planning for the future of the Trust. The Trust is budgeting a deficit for 2022-23 to ulilise some of these reserves for organisalional transformation and managing the NHS prc¢urement process for th& U18 counselling service. Details of designated funds are shown in Note 12. The tNstees consider free reserves equivalent to three to tsvelve months of operating costs are appropriate at Ihe Current lime due to the extent of variation in the terms of statutory and non-statulory funding and the potentia] need to rebid for fvnding on a regular basis. The free reserves represent 27¥0 {3.2 months) of the actual 2022 expenditure of £926,130. However, the designated reserves include an amount of £150,000 for service transttion costs. This reserve is to enable the Trust develop seNices to meet changing demand whilst seeking funding, therefore this £150,000 also provides cash flow support. These Iwo reserves together1£396,097) would cover 5.1 monihs offull costs on the same basis. Curront Statu$ and prlorltle5 ft*r the next 12 months- 2022123 At the time of writlng thls report. we are awarf(ing the release of the CCG tender to retain the NHS Hampshire and Isle of Wight Integrated Care Board contract for the under 18's counselling servi. Whilst this creates a level of uncertainty for prioriiies over the next 12 months. regardless ofthe outcome. our strategy needs to be deltvered, and our vision remains unchanged achieving 'an Island where children and young people's mental health needs are well recognised and support8d'. Over the next 12 months, trustees will work wth the CEO to embed sustainabilty by.. Building and implementing robust sustainability plans thal= Improve governance and finanaal reporting Diversify income streams, extending fvndraising and intr¢)Jucing soual enteTprise Deliver workforce plans to Introdu volunteering, encourage diversity. build retention. capacity, skills and sUCSsion Explore collaboralNe activity such as co-purchasing training, sharing materialslstaff etc
Isle of Wight Youth Trust Company Limited by Guarante8 Trustees Report and Unaudited Accounls for the year ended 31 March 2022 TRUSTEES, AND DIRECTORS. REPORT (continuod...) Progressing the slralegy from a set of ambiknons to a set of implementation plans that help shape the conb'nued transformation into a YSACS model youth mental health and wellbeing Gharity by- Extending youth engagement to increase influence Protecting current service delivery and innovating to meet new, wider, identified needs that affect children and young people's mental health Managing new roles (EdtIOn, Tiiage. Navigation) to ensure that delivery and financial objeclNes and plans are developed and met Evidencing impact of services that contribvte to the mental wellbelng of young Islanders land therefore enabling increased and broader funding sources} Continuing to build and ft)rmali58 nefvrks with peer organi$ation$ to ensure best practice and ICal innovation Continue to focus on the culture of the Trust to become an employer of choice. leading by example and creating a people strategy that reflects our role as a mental health Charity and being a model employer in this area. STRUCTURE, GOVERNANCE AND MANAGEMENT The Charty is controlled by tls governing document. the Memorandum and Articles. The Charity is a company limited by guarantee, as defined by the Companies Act 2006 and has no share capital. In the event of a winding up the mnbern {trustee$) have to contribute a sum up to £10. The trustees. who are also the directors of the company, who served in the year, were.. Nik Attfield- appointed 13 July 2022 PeleT Elliott Helen Farrant- appointed 13 July 2022 Antonio Giannotta - appoinbj 27 April 2022 Michael Lilley Malcolm Marshall Lee Peckham Alison Pleszak- appointed 13 July 2022 Amy Sweeting- appointed 27 April 2022 Edward Webb Shaun Woolford- resigned 7 September 2022 The Trustees have a wide range of relevantexperience with skills and background in clinal practice, commerce, local govemment. HR, propety. charities and accounting. Candidate tnjstees with relevant skills are recruited and first meet th the CEO and Chair of Trustees. Following their recommendation, candidates then attend a more fomal interview with two tnjstees, before being appointed by the Board of Trustee8. All Trustees are subject lo a Disclosure and Barring Servlce IDBSI check. and confimiatton of compliance with the Trustees Code of ConducL Training is provided.
Isle of Wight Youth Trust Lompany Limited by Guarantee Trustees Report and Unaudited Accounts for thè year ended 31 March 2022 TRUSTEES, AND DIRECTORS, REPORT (eontlnued...) TRUSTEES RESPONSIBILITIES The trustees {who are also the Directors for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United lQngdom Accounting Standards Iuriited 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 charitable company and of Ihe incoming resources and application of resources, induding the income and expenditure, of the charitable cornpany lor that period. In preparing these financial slalements, the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methtjjs and principles in the Charities SORP 2019., make judgements and estimates thal are reasonable and prudenL state whether applicable UK Accounting Standards have been followed, subject to any material departu$ disclosed and explained in the financial statements., prepare the financial slaternents on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operats'on. The Iruslees are responsible for keeping adequate accounling records that disclose with reasonable accurdcy al any time the financial position of the charitsble company and enable them to ensure that Ihe financial statements comply with the Companies Act 20[. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was prepared taking advantage of the exempbons available to small companies within the Companies Act 2006. and was approved by the Board of Trustees and signed on its behalt. Malcolm Nlarshall Chair of Trustees Dated.. g De,
Isle of Wight Youth Trust Company Limited by Guarantee Trustees Report and Unaudited Accounts for the year ended 31 March 2022 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ISLE OF WIGHT YOUTH TRLIST I report on the accounls for the year ended 31 March 2022 set out on pages 11 to 22. Ra8ponsRJiliti8¥ ond basi¥ of report As the charty trustees of the cornpany (and also its directors for the purposes of company law) you are responsible for the preparation of the accounls in accordance with the requirements of the Companies Act 20061'the 2006 Act'i. Having satisfied myself that the accounts of the company are rnl required to be audited under Part 16 of the 20 Act and are eligible for independent exarnination, I report in respect of my examination of your company's accounts as carried out unde¢ section 145 of the Charities Act 20111.the 2011 Acfl. In carying out my examination I have followed the Directions given by Ihe Charity Commission under section 145151{b) of the 2011 Act Indèp6ndent examlneffs statement Since the company's gross income exeded £250.000 your examiner must be a member of a body listed in section 145 ofthe 2011 Act. I confirm thal l am qualified to undertake the examination because l am a member ofthe institule of chartered accountants of England and Wales, which is one ol the listed bodies. I have completed my examination. I confimi that no matters havo come to my attention in Connection with the examination giving me caLEse to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a'true and fair vielv which is not a matterconsidered as part ofan independent examination,. or the accounts have not been prepared in accordance wlh the methods and prtnaples of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporbng Standard app]ble in the UK and Republic of Ireland IFRS 1021- I have no concerns and have come across other matters in connection with the examination to which atteniion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Kevin R Cooper BA FCA DChA For and on behalf of Moore (South) LLP Chartered A¢¢ountanls 9 Sl John's Place Newport Isle of Wight P030 1LH Dated". 1£ 22 10
Isle of Wight Youth Trust Company Limited by Guarantee Trustees Report and Unauditsd Accounts for the year ended 31 March 2022 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) Unrestrrcied Restrlctod Funds Funds Total 2022 Tolal 2021 Notes INCOME: Donallons and legacies 25,732 510,314 536,046 526.306 Income from charitable activities Investment Incom6 421.556 421,556 256,896 TOTAL INCOME 448.885 510.314 959,199 784.814 EXPENDITURE Costs of raising funds Costs of fundraising 25,000 25,000 25,000 Charitable activtties.. Counselling services 534 771 901 130 570 861 TOTAL EXPENDITURE 391,359 534,771 926,130 595,861 NET INCOMEI(EXPENDITURE) BEFORE TRANSFERS 57,526 (24,457) 33,069 188,953 Gross transfers beeen funds NET SURPLUSIIDEFICIT) FOR THE YEAR 57.526 124,4571 33,069 188,953 FUND RECONCILIATION Fund balances as at 1 April 2021 575 025 104 992 680 017 491064 Fund balances at 31 March 2022 632,551 80.535 713.086 680.017 The results for the year derNe from continuing operations, and there are no gains or losses other than those shown above. The notes on pages 14 to 22 fom an integral part of these financial slalements.
Isle of Wight Youth Trust Company Llmited by Guarantse Trustees Report and Unaudited Accounts for the year ended 31 March 2022 BALANCE SHEET 2022 2021 Notes FIXED ASSETS Tangible assets 289.027 286,411 CURRENT ASSETS Debtors Cash at bank 64.751 39.333 712,329 576.195 Creditors: amounts falllng duo within one year 10 139 765 275161 CURRENT ASSETS 861.591 835,090 Credftors: amounts falllng duo after More than one year 11 1148 5051 155 073) TOTAL NET ASSETS 713.086 680.017 INCOME FUNDS Unrestricted funds 12 632.551 575,025 Restricted funds 13 713,086 680,017 For th8 ffnancial year in question the Company was enltited to exemption under section 477 of Ihe Companles kt 2006 relating to small companies. No members have required io company to obtain an audit of its accounts foi the year in question in accordance wlth secli()n 476 of the Compani8s Act 20c. The directors acknowledge their responsibilily forcomplying with Ihe requirements of the Aclwth Tespect to acc>)unting cords znd for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable lo MpanieS subject to the small companies, regime. The finanaal stslements on pwJes 11 to 22 we approved by the Board of Trustees and signed on its behalf by: EdwTrrd Webb. Trustee Dated: 9 Company Registratlon Numbgr: 04149036 The notes on pages 14 to 22 form an integral part of these ftnancial statements. 12
Islè of Wight Youth Trust Company Limited by Guarantee Trustees Report and Unaudited Accounts for the year ended 31 March 2022 CASHFLOW STATEMENT 2022 2021 Cash flow from operatlng a¢tlvltl•s Net cash flow from Operan$ As below 135 236 Total cash flow from operatlng actlvltl8s 135236 Cash flow from Investlng activities Interest received Proceeds from sale Payments for fixed assets 1.597 1,612 Total cash flow on Inve8tlng actlvltles 113201 Cash flow from financing actfvitles Repayment of kKsrrowing Total cash flow on financing actlvltles Net IncToas8 In cash and cash equivalents 110,716 197,623 Cash and cash equivalents at 1 April 2021 339 239 Cash and cash equivalents at 31 March 2022 647.578 536,862 Cash and cash equivalénts consist of: Cash at bank and in hand Ca8h and 8h equivalent at 31 MarGh 2022 647,578 536.862 Reconciliatlon of Income to net cashflow from operations: 2022 2021 Nel surplus of income over expenditure for the year Adjustments for. Interest received Depreciation charges (Increaseydecrease in debtors Increasel{decrease) in creditors 33,069 188,953 {1,5971 16.933 (25.4181 112249 (1,612) 13,199 9,038 Net ¢ash from oporations 135,236 216,394 13
Isle of Wight Youth Trust Company Limited by Guarantee Trustees Report and Unaudlt8d Accounts for the year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMEKtS ACCOUNTING POLICIES The prinapal attounling policies are summarised below. The 8¢(x)unfiig p¢Jiiy88 have been apled c(Jnsistentty throughout the peiicJ. Basls of accountlng Th8 Islè ofwightyouth Tw#1 is a cornpany linwied by guarantee. In the evenlof th¢ tharitybeingwound up, the liabilty in rasp8Ct of Iheguarantee 18 limited 10£10 permemberoflhe charity. Theadd of1he regisleied office isgrven in Ihe charity infom)ation on page 2 of the58 finanThal statements. The nature of the tharitys operations 8nd prinrypal aCtity is providing counsdling sèrv1$ to young people in the Isle ofwtyhl. Thg chaty constilules a publ benefit enlity as defined by FRS 702. The finanryal stslemenls have been prepared in ar[dance wlh A(wunling and Reporting by Charities". Statement of Recommended Practice applicable lo charities prepariftg their a¢counts in aOIaNce th the Financial Reporting Standard ap[ltabl8 in thè UK and Republic of Ireland IFRS 1021 i&£u8d in oth2019, the Charibes Act 2011. the Companies Acl 2006 and UK Generalty Aeeepted Practice. The financial stalgm8nts are prepared on a going concern basis under the hislorical cost w¥Jvention. modiffied to indude rtain items at fair value. The ffinanckgj stalements are prepared #i sterfing whith is thè fundional ¢urrency of the charity, and rounded to thè n8arèst £1. The slgnlftcanl accounllng wJll¢i8s applied in the preparation of Ihese finanual sl8tement8 are Sel out bBlow. These poliaes have been consist¢nUy awfiEd lo all ye5 presentsd unless otherwise stated. Fund accountlng Unrestricted ftJrKIs 8rè av8ilablè for use atts discTetion of the trustees in ffijrtherartt oflhe general 0tr4e¢tives of Ihe tsity. Reslrirknj funds ale sut4e( lo reslriLons thgir exFEnditure imposed by Ihe donor or thrixtgh tha lems of a ar Designat fL)nds tmprIsÈ unrèstrirjed fvnds Ihal have been set aside by the trustees for partKular purposes. The aim and use of each de$ignal8d fvnd Is set rArt In the notes to the financAal statements. Income recognition policies All incoming resources ar8 truded in the statÈmènt of firtanci activities when the charity is enlill lo the income and the amount can be quant41kd wllh wsonablo accuracy. The followng specific poliaes are applied lo partiGar (knwries of Voluntary income Is I1ved by way of donalions, legaops and gifts and are induded in full in the Statement of Finanrjal Activities when the Charity has control overthe income. any conditions placed are met. the r6ceipt is wobaNÈ. snd thal il can be measured reliably. GTanls. induding Goverrment Gratts where entWem¢nt is not conditional on the delivery of a specific pèrfom8ncè by the charity. are recognised when the ch8rity be¢(Nne8 UnconditiallY entilted to the grant and as the eharity Èams the right to income through delwery of semces. Donated services and lacilities (Gifts in kind) are indud¢d at tho vae lo the tharity onlysthere this can be qu)tifi8d. Thè value of services provided by volunteers has not been i1led in Ihese 8(Yi)unts. Investment income is irttuded when reoeiv¢d. D¢btars Trade and ofher debtors are recognised at the settlement amount due. Prèp8ymÈnt# are Vaed al the amount ppaId. R•sourcos 8xpond•d Expendilure rs re¢ognised cfi an acLwafs ba%s as the liarty is incurred. All costs are shown in and no nettiro off whh infj(>me occurs. Expen(fiture indudes any VAT ¥yhith cannot be recovered and is réported as part of the exrRndiiure to which it Costs of geneiing funds rA)mPrise the costs assoaated with attracting donations and othèrvoluntsry come. Charitable èxp9ndiluie comprfses those incurred by the charty in the ddivery of its aLliwtie8 8nd serytces for its benefKIa[i. 11 indudos both cos15thal be allocated diTedy to such adivib•s 8nd thosè of 8n indirect nature newsary to support them. Govemance $ts IUd9 lh costs asscthled with meeltng the L¥)nStiiu0naI and stalut(Ky rsquiremènls of the tharity and indudè audit fees arK1 costs linked stralegiG manaJgment oflhe charity. All costsare albcatad b•Nvè8n thè 8xpèndrturÈ CAtÈgoriè#ofihè SOFAon a basisdesigne(Ito tefledtho us¢ ofthe resource. Costs ielating to a parlItrai aCtity aro allocatoil dirgGtty, others are apwlloned on an appropn.atè basi$. S*ries are allocated by reviewing thme spent by eath employee on Ihe acbvtbos 8nd attrilxrting cost accordwty. 14
Isle of Wight Youth Trust Company Limited by Guarantee Trustees Report and Unaudited Accounts for the year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES (contlnued...) rgdltors and provlslons Creditors and provisions are re¢ognbed where the charfty has a present obligation resultiThJ fmm 8 $t event that will probatty result in 1he transfer of luntls to a thwd party, an¢J the amount due can be measured reliably. All3119 of $upportco8ts and Governance Supwrt costs are those fvnctions that assisl the worf( oflhe chity. but do not ¢Jire¢ty undertake thitable acbmlies. Costs are all0(ted lo charitable adiwties on the basrs that this is th¢ main aGbvity. and there aTe minimal costs altributable to fundraising. Govemance indudes independent examination Bnd any in wnrwtion wth wnning the trustee4 and are also allocatèd to the main acbvity as shown in note 3. Flnanclal assèts and IlabUIti8s The Trust only has financial assets and finanaal liabilities of a kind Ihal qualify as basic financial instruments. Basic fin81 instruments are inbtially recognised at transaction value and subsequently mea8ured al their setuement value. Tanglblo FSxed Assets and Depreciation Tangible fixed assets other Ihan freehold land are staled at or valuation less deprwiation. Assets below £250 ar8 not Irealed as capital. Depreaation is provided at rates calculated towrite off the e8timaled residual value of each asset ov¢r its oxpected useful life, as follows- FreÈhold buildg8 Officè equipmèni Compuler equipment al database 2° 20% 50% Slralgm lin& Redu(xng balan Str8igM linè Flnanclal Instruments Tha Tmsf only has finantAal instruments that qualty as basK atla1 instmments. whiEh are recogni8ed al tranStIOn value. Taxatlon No corporation lax has been provided in these acUnts because the income of the charity is wilhin thÈ exemption granted by Section 505 of thé Inrx)mè and CorpoT81ion Taxes Act 1988 to the extent that these funds ale applied lo Charitable objects. Pèn#io The Trust operates a defined u)nlribulK)n 8tskehokler pen8h)n scheme. Contitlutio ar6 charged in thè attounts #s they become payable in ac£ord8nc8With tha rul88 of Ihè schèm. Judgements and key sources ofesttmatSon uncertalnty In the application of the charitablE rompanys aEcounlin9 pdiae8, the trustees are requir to make judgements, •8fMat8S and assumptions about Ihe (*nyng amount of 8ssets and liabilities that are not readily apparent from other sour. The estimates and associated assumptionsare basad on historical exnèA¢e and otherfactors that areconsidered to be ielBvanl. Actuaj results may differ from these estimates. The estimates and underlwng assumptions are rewewed on ongoing basi8. Revisions to accounting estimat8s arÈ recognised in the periodwhich the estimale is ravised wher8 the revision affectsonty that petiod. or in Ihe period of the thslon and lutUTe periods where the revision affects both current atyj future periods. Golny concom The finan¢ial slalements have been prepared on a goiThJ concem basis as th8 trustees believe Ihal no material uncertainlies exist. The tsuslees have considered the level of funds held and the exp8ct8d18vÈl of income aThY expenditure for 12 months fmm 8ulhori%ng these financial statements. trustegs have also considered the impact of Covi¢$19 on income forecasts and its èffect (x) charity activities and the signifirx)t fvnding to miti9ale the financial effects of the pandernio Consequantly thè trustÈox believe that it Temains appropriate to ppare financial a¢tivilie8 on a going concom basis. 15
Isle of Wlght Youth Trust Company Limited by Guarantea Trustees Report and Llnaudltod Accounts for the year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS COMPARATIVE STATEMENT OF FINANCIAL ACTIVITES As required by SORP FRS102, the comparative SOFA infomiation is produced telow. Unrgstrfctsd Rastrfcted Funds Funds Total 2021 Total 2020 Note8 INCOME: Donations and legacies Income from charitable activities Investment income 70,678 256,896 612 455,628 526.306 345,740 256,896 206,192 TOTAL INCOME 329.186 455,628 784,814 553,481 EXPENDITURE Costs of raising funds Costs of furmdraising 25,000 25,000 30.659 Charitable activities.. Counselling Services 176 533 394 328 570 861 498 406 TOTAL EXPENDITURE 201,533 394,328 595,861 529,C65 NET INCOMEI{EXPENDITURE) BEFORE TRANSFERS 127.653 61,300 188,953 24.416 Gross transfers beeen funds NET SURPLUSIIDEFICIT) FOR THE YEAR 127,653 61,300 188,953 24,416 FUND RECONCILIATION Fund balances as at 1 April 2020 491 Q64 466 648 Fund balances at 31 March 2021 575.025 104.992 680,017 491,064 INCOME Unre$trlctsd Restrl¢ted Funds Funds Total 2022 Total 2021 Donations and le acies Donations including gift aid Grants and donations- Charities and Foundations 7,154 12,126 7.154 2.694 522.440 523.378. 510,314 Gala dinner donations Fundraising income l Festival ticket donations 234 25,732 510,314 536.046 526,306 Income from Chatable Activities Counselling Servi level agreement 421.556 421,556 256.896 Investmenl Income Bank interest 1,597 1.597 1.612 TOTAL 448,885 510,314 959,199 784.814 Of the comparative grants and donations total income fwJure of £523,378. £455,628 was rn respect of restricted funds. 16
Isla of Wight Youth Trust Company Llmlted by Guarantee Trustees Report and Unaudited Accounts for the year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS 4. EXPENDITURE Unrestrlcted RestACted Funds Funds Total 2022 Total 2021 Fundraisln costs.. Wage costs (see note 6) 25.000 25,000 25,000 Charitable Activities.. Counselling services-. Wage costs (see note 61 Sessional fees Direct costs Support costs 194.859 14.803 40,243 479.857 74,716 14,803 76,434 129423 374.842 39,968 68,923 36.191 360.605 534.771 895,376 566,123 Governance costs.. Accounting and Independenl Examination 366,359 534.771 901,130 570.861 TOTAL 391.359 534,TT1 926.130 595.861 Of the comparative total expenditure figure of £529,065, £254.462 was restricted fund expenditure. 2022 2021 Suppori costs Payroll charges Printing poslage and administration costs Advertising and marketing utiltsties Cleaning and Covid-19 rsts Insurance Subscriptions Bank charges and interest Telephone Bookkeeping Consultants and recruitmenl Rent and leases Maintenan Sundry Depreciation 953 4,672 6,278 4,511 12,019 6,804 3,440 6,144 2,636 2,639 13,146 14,000 32,570 2,678 442 2.185 727 2.136 8.511 3.685 1,438 5,699 1.234 7.010 14,216 21,222 685 129,423 82,390 17
Isle of Wlght Youth Trust Company Llmlted by Guarantee Trusteas Report and Unaudited Accounts for the year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS ADMINISTRATIVE EXPENSES 2022 2021 The surplusl(deficit) is slated after charging.. Independent examination Other accounting services Depreciation of owned fixed assets 2,795 5,598 16,933 2,000 2,738 13,200 STAFF COSTS AND RELATED PARTY TRANSACTIONS 2022 2021 Wages and salaries Social Security costs Pension wsts 633,925 52,114 362,136 30.230 699,716 399.842 All(ated to.. Fundraising costs Charitable activities 25,000 674 716 25.000 699,716 399.842 The average weekly number of employees during the period was as follows: 2022 2021 Project and office a(Jministralion {Actual) Project and office administration {FTE) 27 23 14 No employee received remuneration in excess of £60,000 (2021- £NII}. No payments were made to any Trustee either as remuneration, or the reimbursementoftravel or otherexpenses. Trustees, indemnity insurance is paid by the Charity. PENSIONS The charity operales a defined conlrrbulion pension scheme- the assets ofwhich are held separate to the Trltsl's assets. Amounts due al the year end £2.81112021- £5.218). The contributions for the year are shown in note 18
Isle of Wight Youth Trust Company Limited by Guarantee Trustees Report and Unaudited Accounts for the yèar ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS TANGIBLE FIXED ASSETS Land & Building¥ OlC8 Equipment Totsl Cost al 1 April 2021 Additions in the year 294,222 60.748 354,970 Al 31 March 2022 294.222 80.297 374,519 Depreciation at l April 2021 Charge for the period 17,655 88 50,904 68.559 At 31 March 2022 23,539 61.953 85,492 Net Book Value at 31 March 2022 270,683 18,344 289,027 Net Book Value at 31 March 2021 276.567 286.411 The land and buildings are secured by a mortgage charge by ihe Charity's bankers. DEBTORS 2022 2021 Grants receivable Prepayments 60,578 35,833 64,751 39.333 10. CREDITORS DUE WITHIN ONE YEAR 2022 2021 Amounts falling due within one year- Bank loan {¢urrent portion) Accounts payable Defer inrne Taxation including social security Other creditors Accruals 6.568 21.206 72,499 12,519 2.811 6.568 12.610 5,218 139,765 27,516 Deferred income relates to income SPifiCallY on projects related to 2022 which could not be recognised in 2021, and is therefore carried fonvard and released to income in 2022-23. 19
Isle of Wight Youth Trust Company Llmlted by Guarantee Trustees Report and Unaudited Accounts for the year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS 2022 2021 11. CREDITORS DUE AFTER ONE YEAR Amounts falling due after more than one year.. Bank toan 148,505 155.073 Amounts repayable by installments in more than 5 years: Bank loan 122.235 128,802 The bank loan is secured on the freehold woperty. 12. UNRESTRICTED FUNDS At 1 April 2021 Fund Transfgr 31 March 2022 Inc4xno Expendlture Gainsl (losses) Unr8Strlct 314.950 448.885 (383.784) 380.051 Deslgnated Building fund and r¢)of repalrs 55.000 servi transition 130.000 Wotkforce devek)pment 47.500 Covid recovery 20.000 Computer renewal & Database 7,575 Cowes Enterprise College 55,000 150,000 47,500 20,000 (20,0001 17,5751 Total Deslgnated 260 075 Total Unrestricted fund 575.025 448,885 1391,359) 632.551 The TTUSt has designated the above funds towards IT projects, the upgrading of the Trusys property. and developing services for the future delivery of the chartty's objects. COMPARATIVE At 1 April 2020 Fund Transfer At 31 Marth 2021 Incom8 Expendlture Gainsl {lo$ses) Unrestrlcted 439,047 329,936 1201,533) {252,5001 314,950 De8lgnated Building fund and roof repairs Service transition Workforce development Covid recovery Computer renewal & Database 7,575 Cowes Enterprise College 55.000 130.000 47.500 20.000 55.000 130.000 47.500 20.000 7.575 Total Doslgnated 750 252 500 260 075 Total Unr05trlctgd fund 447.372 329.186 1201,533) 575,025 20
Isle of Wight Youth Trust Company Limlted by Guarantee Trustèes Report and Unaudited Accounts for the year ended 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS 13. RESTRICTED FUNDS At 1 Aprll 2021 Fund Transfor Al 31 March 2022 Income Expendlture Grants towards Com Costs Paul Hamlyn Foundation SoGiety of Friends 20,000 4,638 30,000 17,326 {50,000) (17,766) 4.198 Counselllng and Advoca¢y Servi¢es BBC Children in Need National Lottery NHS MHST Hampshire & low Community Foundation (HIWCFI violen Redu¢lion Unil 7,154 Police & Crime Commissioner (PCC) 11.500 Barnard Sunley Grant 10.000 HIWCF Pink Therapy Training EaTly Help Community Capacity 40.000 112,300 267,966 (40,0001 {112,3001 (243.3291 27.450 24.250 27.450 48.887 20.000 16,322 (20,000) 123,476) 111.500) 110,000) {3,400) 3,400 T¢)tsl Restrfcted funds 104,992 510,314 1534,771) 80.535 Paul Harnlyn Foundation provlded Core funding towards the salary of the CEO HIWCF covered the cost of trainee salaries and some clinical staff training The Society of Friends {Quakers} provided funds for digital resilience which supported staff training and client record database BBC Children in Need supported one-to-one and family counselling to children and young people presenting more complex issues. National Lottery supported counselling for over 18's NHS MHST is the fvnding for the Mental Health School Team Wtolerkce Redudion Unit and PCC provided funding for counselling and group work where anger and violence were issues Other restricted grants provided group Work, counselling, and advocacy during the year. Al 1 April 2020 Fund Transfor At 31 March 2021 Comparativo Infomiatlon Income Expendlture Grants towards Core Costs 50.000 32.518 5.000 Paul Hamlyn Foundation Society of Friends IT expenditure {30.000) {27.880) {5,000} 20.000 4.638 Counselllng and Advocacy Services Blagrave Trust Lloyds MINO HEE National Lottery NHS MHST Violence Reduction Unit Police & Crime Commissioner (PCC) Bernard Sunley Grant 7,500 30,000 25,000 47,200 35,833 109,800 78.365 3.412 11.500 10,000 (37,5001 (25,000) (47.200) 135.833) (109.800) (54,115) 27,450 27.450 24.250 7,154 11,500 10,000 3.742 Shop conversion Newport and c2risbrke Community Council Total Restricted funds 43,692 455,628 (394.325) 104,992 21
Isle of Wight Youth Trust Cornpany Lirnited by Guarantee Tru5tee5 Report and Unaudited Accounts for the year endad 31 March 2022 NOTES TO THE FINANCIAL STATEMENTS 14. ANALYSIS OF NET ASSETS BY FUNDS Unrestrfcted & Designated Restrlctsd Funds Funds 2022 2021 Tangible fjxed assets Current assets Creditors 289.027 631.794 288 270 289.027 712.329 (288 270 286.411 576.195 182 589 80,535 632,551 80,535 713,086 680.017 COMPARATIVE ANALYSIS OF NET ASSETS BY FUNDS Unrestrlcted & Deslgnated Restricted Funds Funds 2021 2020 TarwJible fixed assets Current assets Credf(ors 288.411 471.203 182 5891 286,411 576,195 286,678 387,610 104.992 576,025 104.992 680.017 491.064 15. LEASING COMMITMENTS The charfty has operating lease commitments in respect of land and buildings which increased as a result of passing break4ause mllestone as outlined below: 2022 2021 Within one year Between two and five years 14,000 14.000 35,OCrf) 14.000 16. FINANCIAL ASSETS AND LIABILITIES 2022 2021 Financial assets measured at fair value Financial liabilities measured at fair vafue 708,156 215 771 572,695 182 589 492,385 390.106 22
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