YOUTHBUILD UK
COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS 31 AUGUST 2024
Charity Number 1091571 Company Number 4278225
YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2024
| 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 2024
The trustees have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 August 2024.
| 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 (resigned 7 Dec 2023) Mr Davis Mrs Chenia Mr O'Connor Mrs Jones (appointed 1 Nov 2023) Mr Price 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 2024
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.
This was our third year after re-starting activities following the Covid 19 pandemic and saw a full programme of activities. The Young Builder of the Year Awards 2023 were held on the House of Commons Terrace in October 2023. A well-attended Sponsors' and Patrons' Reception was held at the House of Lords in March and followed by a best practice event in June 2024.
We attracted new sponsors and patrons during the year, although some were lost. We would like to record our special thanks to NHBC, who have supported and sponsored the Young Builder Awards for over 20 years, for a significant and generous one-off donation. This resulted in us recording our highest ever income and reserves are now the strongest since our foundation, allowing to invest further in our charitable aims.
The charity with reference to the Statement of Financial Activities, saw an increase in income from £46,343 to £78,855. Resources expended increased from £38,212 to £41,085. Net Funds increased by £37,770 (2023: increase £8,131)
FINANCIAL REVIEW
With reference to the Balance Sheet:
| ence to the Balance Sheet: L REVIEW |
|
|---|---|
| Funds at the beginning of the year were | £64,038 |
| The increase in funds during the year was | £37,770 |
| Funds at the end of the year were | £101,808 |
The increase in the charity's funds of £37,770 is explained as follows: - Increase in the Cash at Bank of £37,770
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: -
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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 2024
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 2024 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:-
i) Ensuring that the company keeps accounting records which comply with sections 386-9.
- ii) Preparing accounts which give a true and fair view of the state of affairs of the company as at the end of its profit and loss for the financial year in accordance with Sections 394-7, and which otherwise comply with the requirements of the Companies Act relating to accounts so far as is applicable to the company.
IPDavis Signed by order of the trustees I Davis c/o Denbre 103a High Street Rickmansworth WD3 1AN
Chairman and Company Secretary
26th February 2025
Page 4
YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES 31-Aug-24
| 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 |
2024 2023 £ £ 35,500 22,000 855 343 42,500 24,000 Total Funds Total Funds |
|---|---|
| 78,855 46,343 |
|
| (40,485) (37,662) (550) (550) |
|
| (41,035) (38,212) |
|
| 37,820 8,131 64,038 55,907 |
|
| 101,858 64,038 |
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-24
| 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 |
2024 2024 £ £ 102,408 (550) 101,858 101,858 101,858 101,858 101,858 |
2024 2024 £ £ 102,408 (550) 101,858 101,858 101,858 101,858 101,858 |
2023 £ 64,588 (550) |
|---|---|---|---|
| 64,038 | |||
| 101,858 | 64,038 | ||
| 101,858 | 64,038 | ||
| 101,858 | 64,038 | ||
| 101,858 | 64,038 |
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 26th February 2025 and are signed on their behalf by: -
IPDavis
I Davis Chairman
Page 6
YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS 31-Aug-24
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 |
|---|---|
| 2024 2024 2023 £ £ £ Other income Donations 35,500 35,500 22,000 3 INVESTMENT INCOME 2024 2024 2023 £ £ £ Other income Bank interest received 855 855 343 4 INCOMING RESOURSES FROM CHARITABLE ACTIVITIES 2024 2024 2023 £ £ £ Awards, grants and sponsorship 42,500 42,500 24,000 5 COSTS OF CHARITABLE ACTIVITY BY FUND TYPE 2024 2024 2024 £ £ £ Total Funds Total Funds Unrestricted Funds Total Funds Total Funds Unrestricted Funds Total Funds Total Funds Unrestricted Funds Total Funds Unrestricted Funds Total Funds |
|
| Awards & room hire expenses Young people's awards Other events |
11,874 11,874 7,072 2,850 2,850 5,870 4,032 4,032 4,567 |
| General expenses Management fees Web design and expenses |
5,905 5,905 3,346 15,000 15,000 15,000 1,374 1,374 1,807 |
| 41,035 41,035 37,662 |
Page 7
6 GOVERNANCE COSTS
YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS
31-Aug-24
| 6 | GOVERNANCE COSTS | |||
|---|---|---|---|---|
| Unrestricted Funds | Total | Total | ||
| Funds | Funds | |||
| 2024 | 2024 | 2023 | ||
| £ | £ | £ | ||
| 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: - | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| 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 | |||
| 2024 | 2023 | |||
| £ | £ | |||
| TSB Current Account | 2,175 | 2,046 | ||
| TSB Deposit Account | 100,233 | 62,542 | ||
| 102,408 | 64,588 | |||
| 10 | CREDITORS: - Amounts falling due within one year | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Accruals | 550 | 550 | ||
| 11 | UNRESTRICTED INCOME FUNDS | |||
| Balance at | Incoming | Balance at | ||
| 01/09/23 | resources | 31/08/24 | ||
| £ | £ | £ | ||
| General funds | 64,038 | 37,820 | 101,858 | |
| 12 | ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||
| Net current assets | ||||
| /(liabilities) | Total | |||
| £ | £ | |||
| Unrestricted income funds | 101,858 | 101,858 | ||
| Total funds | 101,858 | 101,858 |
Page 8
YOUTHBUILD UK
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS 31-Aug-24
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 01/09/23 in year 31/08/24 £ £ £ 64,588 37,820 102,408 0 0 0 0 0 0 |
| 64,588 37,820 102,408 |
14 COMPANY LIMITED BY GUARANTEE
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.
Page 9
YOUTHBUILD UK COMPANY LIMITED BY GUARANTEE INDEPENDANT EXAMINERS REPORT TO THE TRUSTEES OF YOUTHBUILD UK 31-Aug-24
I report on the accounts of the charity for the year ended 31 August 2024 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: -
-
1 which gives me reasonable cause to believe that in any material respect the requirements:
-
(a) to keep accounting records in accordance with section 41 of the Act; and
-
(b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act
have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
E Rice
Eleanor Rice ACMA FMAAT CGMA Independent Examiner Acer Business Services Ltd 12 Broadwalk Darley Dale Derbyshire DE4 2TT Date: 13 December 2024
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Date: 13 December 2024
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