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2023-08-31-accounts

YOUTHBUILD UK

COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 AUGUST 2023

Charity Number 1091571 Company Number 4278225

YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2023

CONTENTS PAGE
Trustees Annual Report 1
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6
Independent Examiner's Report to the Trustees 9

Page 1

YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT YEAR ENDED 31 AUGUST 2023

The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 August 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name: - Youthbuild UK
Company no:- 4278225
Charity registration number: - 1091571
Registered Office: - c/o Denbre
103a High Street
Rickmansworth
WD3 1AN

THE TRUSTEES

The Trustees who served the charity during the period were as follows: -

Mr Brennan Mr Davis Ms Chenia (appointed 15 June 2023) Mr O'Connor Mr Pearce (resigned 31 January 2023) Mr Price (appointed 15 June 2023) Mr Stewart Mrs Williams

The Trustees are supported by Mr Selby, General Manager.

Independent examiner: - Eleanor Rice ACMA FMAAT CGMA
Acer Business Services Ltd
12 Broadwalk
Darley Dale
Derbyshire
DE4 2TT
Bankers: - TSB Bank plc
Normanton Road
Derby, PO Box 1000
BX4 7SB

STRUCTURE, GOVERNANCE AND MANAGEMENT

Youthbuild UK is a company limited by guarantee and a registered charity governed by its Trust Deed. The organisation of the charity consists of a committee of approximately seven volunteers. Unpaid volunteers hold regular committee meetings and maintain the overall policy and direction of the charity. Minutes are recorded and decisions on unforeseen expenditure up to a reasonable amount being taken outside the committee.

Page 2

YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT continued YEAR ENDED 31 AUGUST 2023

OBJECTIVES AND ACTIVITIES

The principal objects of the charity in the year under review were those of promoting engagement with young people to combat social exclusion, through the development of construction based support services, and celebrating young people's success.

ACHIEVEMENTS AND PERFORMANCE

The charity works with construction employers, charities, colleges and training providers to share and promote best practice in the engagement with and the provision of training and employment opportunities. The charity also celebrates, through the Young Builder of the Year Awards, the success of young people who have overcome barriers to train for and become employed in the construction industry. Our second year after re-starting activities following the Covid 19 pandemic was one of our most successful. The Young Builder of the Year Awards 2022 held on the House of Commons Terrace in November 2022, our first since 2019, were very well received. We held a workshop at the London Build Expo in November 2022 for the first time, our sponsors' and patrons' reception at the House of Lords in March 2023 was one of the best attended and our best-practice event in June 2023 was similarly well attended. We attracted new sponsors and patrons during the year and our resulting income was the highest we have achieved, allowing us to strengthen our reserves following the pandemic.

The charity with reference to the Statement of Financial Activities, saw an increase in income from £23,559 to £46,343. Resources expended increased from £17,670 to £38,212. Net Funds increased by £8,131 (2022: increase £5,889)

FINANCIAL REVIEW

FINANCIAL REVIEW
With reference to the Balance Sheet:
Funds at the beginning of the year were £55,907
The increase in funds during the year was £8,131
Funds at the end of the year were £64,038
The increase in the charity's funds of
£8,131		 is explained as follows: -
Increase in the Cash at Bank of £8,131

PLANS FOR FUTURE PERIODS

Attract funding and investment to Youthbuild UK to maintain the charity as financially sound and viable.

RESPONSIBILITIES OF THE TRUSTEES

Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.

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

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them

Page 3

YOUTHBUILD UK

COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT continued YEAR ENDED 31 AUGUST 2023

to ensure that the financial statements comply with the Charities Act 2011. The Trustees 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.

For the year ended 31 August 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibility for:-

Signed by order of the trustees

I Davis c/o Denbre 103a High Street Rickmansworth WD3 1AN

Chairman and Company Secretary

7th December 2023

Page 4

YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES

31-Aug-23

Note
INCOMING RESOURCES
Incoming resources from generating funds
Voluntary income
2
Investment income
3
Incoming resources from charitable activities
4
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Charitable activities
5
Governance costs
6
TOTAL RESOURCES EXPENDED
NET INCOMING RESOURCES FOR THE YEAR
7
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2023
2022
£
£
22,000
11,900
343
159
24,000
11,500
Total
Funds
Total
Funds
46,343
23,559
(37,662)
(17,120)
(550)
(550)
(38,212)
(17,670)
8,131
5,889
55,907
50,018
64,038
55,907

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

Page 5

YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE BALANCE SHEET

31-Aug-23

Note
CURRENT ASSETS
Cash at bank
9
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
11
TOTAL FUNDS		 2023
2023
2022
£
£
£
64,588
56,456
(550)
(550)
64,038
55,906
64,038
55,906
64,038
55,906
64,038
71,051
64,038
71,051		 2023
2023
2022
£
£
£
64,588
56,456
(550)
(550)
64,038
55,906
64,038
55,906
64,038
55,906
64,038
71,051
64,038
71,051		 2022
£
56,456
(550)
64,038
55,906
64,038
55,906
64,038
71,051
64,038
71,051

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The accounts have been prepared in accordance with the micro-entity provisions.

These financial statements were approved by the members of the committee on the 7th December 2023 and are signed on their behalf by: -

I Davis Chairman

Page 6

YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS 31-Aug-23

1 ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, the Statement of Recommended Practice "Accounting and Reporting by Charities" issued in December 2017 (SORP 2017) and the Charities Act 2011.

Fixed assets

All fixed assets are initially recorded at cost

2 VOLUNTARY INCOME

2
VOLUNTARY INCOME		 2
VOLUNTARY INCOME
2023
2023
2022
£
£
£
Other income
Donations
22,000
22,000
11,900
3
INVESTMENT INCOME
2023
2023
2022
£
£
£
Other income
Bank interest received
343
343
159
4
INCOMING RESOURSES FROM CHARITABLE ACTIVITIES
2023
2023
2022
£
£
£
Awards, grants and sponsorship
24,000
24,000
11,500
5
COSTS OF CHARITABLE ACTIVITY BY FUND TYPE
2023
2023
2022
£
£
£
Unrestricted Funds
Total
Funds
Total
Funds
Unrestricted Funds
Total
Funds
Total
Funds
Total
Funds
Total
Funds
Unrestricted Funds
Total
Funds
Total
Funds
Unrestricted Funds
Awards & room hire expenses
Young people's awards
Other events		 7,072
7,072
437
5,870
5,870
0
4,567
4,567
3,230
General expenses
Management fees
Web design and expenses		 3,346
3,346
1,120
15,000
15,000
11,250
1,807
1,807
1,083
37,662
37,662
17,120

Page 7

YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

31-Aug-23

6 GOVERNANCE COSTS

Unrestricted Funds Total Total
Funds Funds
2023 2023 2022
£ £ £
Accountancy fees 550 550 550
Companies House costs 0 0 0
550 550 550
7 NET INCOMING RESOURCES FOR THE YEAR
This is stated after charging: -
2023 2022
£ £
Auditor's remuneration: -
- independent examination of the financial statements 550 550
8 STAFF COSTS AND EMOLUMENTS
No salaries or wages have been paid to employees, including Trustees, during the
year.
9 CASH AT BANK
2023 2022
£ £
TSB Current Account 2,046 7,808
TSB Deposit Account 62,542 48,649
64,588 56,457
10 CREDITORS: - Amounts falling due within one year
2023 2022
£ £
Accruals 550 550
11 UNRESTRICTED INCOME FUNDS
Balance at Incoming Balance at
01/09/22 resources 31/08/22
£ £ £
General funds 55,907 8,131 64,038
12 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Net current assets
/(liabilities) Total
£ £
Unrestricted income funds 64,038 64,038
Total funds 64,038 64,038

Page 8

YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS

31-Aug-23

13 ANALYSIS OF CHANGES IN NET DEBT

ANALYSIS OF CHANGES IN NET DEBT
Cash at bank
Loans falling due within one year
Loans falling due after more than one year
General funds		 Balance at Movement Balance at
01/09/22
in year
31/08/22
£
£
£
56,456
8,131
64,587
0
0
0
0
0
0
56,456
8,131
64,587

The company is limited by guarantee with members being required to contribute an amount not exceeding £1 in the event of the company being wound up.

14 COMPANY LIMITED BY GUARANTEE

Page 9

YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE

INDEPENDANT EXAMINERS REPORT TO THE TRUSTEES OF YOUTHBUILD UK 31-Aug-23

I report on the accounts of the charity for the year ended 31 August 2023 set out on pages 4 to 8.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER

As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with the General Directions given by the Charities Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention: -

have not been met; or

Eleanor Rice ACMA FMAAT CGMA Independent Examiner Acer Business Services Ltd 12 Broadwalk Darley Dale Derbyshire DE4 2TT Date: 18 December 2023

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Date: 18 December 2023
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