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← Brighton Youth Centre

2024-03-31-accounts

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

REGISTERED COMPANY NUMBER: 04541241 (England and Wales) REGISTERED CHARITY NUMBER: 1098557

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRIGHTON YOUTH CENTRE (A COMPANY LIMITED BY GUARANTEE)

Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1 to 12
Report of the Independent Auditors 13 to 15
Statement of Financial Activities 16
Balance Sheet 18
Cash Flow Statement 19
Notes to the Cash Flow Statement 20
Notes to the Financial Statements 21 to 29

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of Brighton Youth Centre are to help and educate children and young people, to enable them to develop their physical, mental and spiritual capacities within a strictly interdenominational and apolitical framework so that they may grow to full maturity as individuals and members of society, providing wherever possible equality of opportunity regardless of sex, race, mental, physical or sensory ability or sexual orientation.

Public benefit

In shaping our objectives and planning our activities for the year, the Trustees have given consideration to the duties set out in Section 17(5) of the Charities Act 2011 to have due regard to public benefit and to the Charity Commission Guidance on public benefit. In particular, the Trustees have considered how the planned activities will contribute to the overall aims and objectives that they have set.

The Trustees believe that the paragraphs, specifically on the "Objectives and Aims" and "Achievements and Performance" for the year, relate in detail to the benefit that the Charity provides to the public.

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BRIGHTON YOUTH CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRATEGIC REPORT Charitable activities

Background

Brighton Youth Centre [BYC] is a registered charity), dedicated to offering year-round activities, support and a safe social space for young people from Brighton & Hove, and the surrounding areas of East and West Sussex.

BYC, originally the Brighton Boys' Club, was founded in 1917, and has a rich history within the city, finding it's home on John Street and Manchester Street, before standing on Edward Street for almost 80 years. In the last century, an estimated 30,000 young people have benefited from the support, activities and services provided by Brighton Youth Centre. Currently, more than 1,500 young people use the BYC facilities every year.

Introduction

All young people need a place to go where they can feel they belong, where they can meet friends, and develop their interests.

Brighton Youth Centre (BYC) has provided that place for over 100 years. To ensure the work continues we have raised £7.5million to to create a fully accessible, environmentally sustainable, state-of-the-art facility, open seven days a week. The building work is underway and we are currently delivering youth work from alternate premises. We continue to fundraise to fit out the new building with the best possible equipment and to increase our Youth Work delivery.

Our Organisation

For 100 years, Brighton Youth Centre (BYC) has been a thriving hub of activity, attracting over 1,500 young people every year. It is a valuable resource for young people who come from every ward in the city to access its services. Whilst we work with young people of all ages are notably very effective at engaging older teenagers: 57% of our young people are 16+. The building is also use by a range of other organisations to support Young People.

Our Approach

Creating Empowering Spaces for Young People

Our youth work approach is rooted in the principles of informal education, voluntary participation, and association. By owning our building, we have the unique ability to offer multiple spaces tailored to support a diverse range of young people. These spaces provide opportunities for young individuals to explore various groups, environments, and projects, fostering a sense of community and personal growth. Additionally, we extend our support to other youth-focused organisations by offering them access to our space and facilities.

Principles of Informal Education

Informal education is the cornerstone of our youth work approach. It emphasizes learning through experience and reflection rather than through formal instruction. This method allows young people to develop skills and knowledge in a natural and engaging manner. By participating in activities that interest them, young people are more likely to stay motivated and committed to their personal development. Informal education also encourages critical thinking and problem-solving, equipping young individuals with the tools they need to navigate life's challenges.

Voluntary Participation

Voluntary participation is another fundamental principle of our approach. We believe that young people should have the freedom to choose the activities and projects they wish to engage in. This sense of autonomy fosters a sense of ownership and responsibility, leading to more meaningful and impactful experiences. By allowing young people to take charge of their own learning journey, we empower them to become active and engaged members of their communities.

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Association and Community Building

Association is the third key principle of our youth work approach. We strive to create a sense of belonging and community among young people by providing spaces where they can interact, collaborate, and build lasting relationships. Our programs encourage young individuals to work together, share their experiences, and support one another. This sense of community fosters a supportive environment where young people feel valued and understood.

The Need - Our Young People

We are based in one of the city's most deprived wards, but young people come from across the city to access our services.

The city is one of the most deprived areas in the region; 1 in 3 children in Brighton and Hove live in poverty, and 1 in 5 are eligible for free school meals, which rose by 17% in 2021 (Citizens Advice in Brighton and Hove). These figures are increasing.

Most of the young people we support are experiencing disadvantage through deprivation. A divided city, home to 17 neighbourhoods, some of which have 40% of children living in poverty and where many of the city's Bangladeshi, Pakistani, Arab, “I come here because | feel Chinese and Black African residents live.

Over half (750) of our service users experience specific challenges such as being in care, young carers, homelessness, poor mental health, substance misuse and bullying. We have also noticed an increase in the need for snacks and more filling food in our sessions as young people come in noticeably hungry.

The city has a higher concentration than national averages of young people in care, with poor mental health, admitted to hospital for selfharm and those who are Not in Education, Employment or Training (NEET).

The lack of affordable, regular, and inclusive spaces where young people can build relationships with support from youth workers leaves them isolated from society. Post- COVID, we have seen a huge increase in engagement from young people wanting to form human connections. Without positive opportunities, the cycle of low aspiration and mental and physical health problems associated with deprivation is likely to continue.

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BRIGHTON YOUTH CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The Solution

We place young people's voices, aspirations, and concerns at the heart of everything we do, encouraging them to be part of all aspects of the centre and to get involved in shaping our programme. Our projects hold regular termly meetings for young people to give feedback on activities, bring ideas forward for projects that reflect their needs and interests, and be supported in developing those ideas.

Our youth workers are crucial to building relationships with many young people who come through BYC's doors. Our physical activities, games, and music events bring fun, structure, and consistency, creating new opportunities and broadening their horizons.

Our space is inclusive, friendly and open to all young people, with specific weekly meet-ups for young people who are need extra or specific support.

We are embarking on our biggest project to date, the rejuvenating of our building with a new build extension to bring the space up to date, fit for purpose and able to accommodate everyone.

The new centre will be a fully accessible, environmentally sustainable, state-ofthe-art facility, open seven days a week.

Our Home

After decades of service, it is now vital to transform our building to sustain and grow all these amazing spaces and services and to provide a state-of-the-art youth hub for the young people of Brighton and Hove.

We are on schedule to reopen in Autumn 2025. While building work is being carried out we continue to deliver youth work and our projects in other spaces in the city centre.

The investment will transform youth work in the city, providing a city-wide hub supporting 2,500 to 3,500 young people each year.

Specifically the investment will:

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BRIGHTON YOUTH CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The building will be organised over four floors, making use of the full size of the site, and has been designed to enable us to run multiple groups in the building simultaneously. It will include:

Future Vision

Our goal for the new building is to make Brighton Youth Centre a place that is available to young people every day for the next 100 years and beyond. Throughout the rebuild we have retained our core staff team and continued all our youth work activities from a temporary location. It was key for us to offer continuity of service to the young people we work with, and for our staff to develop ambitious plans to scale-up our operations and increase our impact when we re-open our building.

Our vision for the new space includes the following aims:

Ensure that young people always have a place to go

We want to provide young people with a sustained service delivery as we move into our new premises.

We will be open 7 days a week - with a youth work team available at all times, so that young people have the support they need.

Meet the increase in demand

Through increasing our activities and opening hours from our larger premises we will expand our reach to 2500-3000 young people annually.

Give young people access to wellbeing services

Through a new offering of GP and counselling rooms in the new building we can offer vital support to those in need.

Offer a hot meal to young people on a daily basis

We currently offer snacks to those attending our activities, but it is clear to our youth workers that there has been an increase in young people attending who are likely not to be getting an evening meal elsewhere. We see it as a priority to be able to offer hot food as part of our future delivery, to combat the effects of the cost of living crisis on the young people we work with.

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BRIGHTON YOUTH CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Improve the quality of service to young people and partner organisations

Increasing our opening hours and being able to fully staff our new building will allow us to ensure continuity of service to young people and our partner organisations. Our building will be a city-wide hub for youth work in the area, delivering a holistic, joined up programme of personal, educational and creative development opportunities for young people who may not otherwise have access them.

Sustainability

As part of the refurbish and rebuild of the youth centre we are looking to take advantage of this work to install cost saving equipment. The amount of work needed to make the building fully accessible and fit for purpose has been factored into the plans but we still require additional funds to kit-out the building in a way that will create long-term savings through energy efficiency.

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BRIGHTON YOUTH CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Our sustainability statement was compiled by Delta Green, who were appointed during the design stage of our building project to analyse and report on simulated energy consumption for the proposed new-build areas of the redevelopment, and to suggest improvements that could be incorporated into the refurbishment of the existing parts of the building that are being retained.

Equality, Diversity, Inclusion

BYC increases participation and community cohesion. We firmly believe that young people are not just individuals in need of education but have plenty to offer as educators themselves. Our building and activities provide a space for young people to come together, placing the emphasis on teamwork and collaboration and supporting young people to learn from one another.

Equality, diversity, and inclusion are embedded in our activities. There is a racial, social, and cultural mix within the groups, and we take every opportunity to promote learning and understanding of themselves and others. This provides an invaluable space for young people to explore and celebrate the rich mix of their different stories, experiences, and ideas about the world.

Our People

LEADERSHIP

Mike Roe who has been the CEO of Brighton Youth Centre for 14 years. He started in youth work as a sessional worker in 1984 and qualified in 1989. His experience includes community-based drugs work in London and Birmingham and large centre-based youth work for over 25 years.

TRUSTEES

The board have experience of working in the youth sector local and nationally, including extensive experience delivering complex projects and partnership contracts across Brighton and Hove:

Toby Moore (chair): Creator and Director of Tedx Brighton. Founder of Content Club, a content strategy for creative industry.

Ben Glazebrook: over 20 years of working in the voluntary and community sector in youth training, youth counselling and community arts projects.

Sue Shanks: spent many years as a youth worker before becoming a youth work lecturer at the University of the West of England.

Nigel Jenner: previously head of the centre - over 30 years local authority youth experience. Works with Sussex Pathways.

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BRIGHTON YOUTH CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

BUILDING PROJECT TEAM

Project Manager - Leah O'Brien Sustainability - Delta Green Fire consultant - FSCE Acoustic Consultant - Anderson Acoustic Access Consultant - Jaw Planning Consultant - Lewis and co Transport Consultant - Reeves Transport Ecology consultant - Bakerwell Ecology H&S Principal Designer - Potter Raper Approved Inspector - Total Building Control Contractor - Sunninghill Architect: Alter & Company Planning: Lewis Planning Structural Engineers: Heyne Tillett Steel Quantity Surveyor: Cheesman Consulting

Highlighting Our Projects

YOUTH CLUB: Regular youth clubs for different age groups. There's a range of activities each week - arts, music, gaming, cooking, music, sports, pool - for young people to take part, or they can just come along and hang out. There's always food on offer and the skate park is open and free to access.

Currently, about 50-60 young people aged 11+ attend each week. Most of the young people who attend have a lot going on in their lives: some are in care; struggling at or excluded from school; with special educational needs; dealing with family problems or mental health issues.

B.FEST: is a celebration of youth culture, and it offers young people in Brighton, Sussex and across the Southeast a wealth of creative opportunities to perform, participate or attend over 50+ performances, exhibitions, and workshops.

Delivered for and by young people in partnership with over 30 professional artists and cultural organisations, it aims to celebrate youth culture and bring more creative opportunities to young people, attracting 1000+ young people each year.

B.Game: is a youth-led group weekly gaming club for young people. and inclusive safe space. Young people can socialise, build bonds and relationships, explore a variety of games and access educational opportunities.

The club is for young people aged 13-21 who are neurodivergent or have learning difficulties.

SKATEPARK: The only indoor skateboarding space in the Brighton area. We teach skateboarding and provide a safe, friendly, and supervised place to practise where young people can talk to youth workers. We also run sessions for specific groups, for example girls' night helps support young women getting into skateboarding. We regularly run the Go Skate Project, working with referred young people struggling with mental health, using skateboarding as a pathway to better wellbeing. Annually the skatepark reaches 700 young people aged 13 - 19.

PUPIL REFERRAL UNIT: With the Pupil Referral Unit to introduce young people who have been permanently excluded from school or are on programmes to avoid permanent exclusion to activities available to them at the youth centre.

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BRIGHTON YOUTH CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRATEGIC REPORT

Financial review

The Statement of Financial Activities shows a positive net movement in funds for the year of £1,033,999 (2023: £18,812) and total funds at the year-end of £2,413,757 (2023: £1,379,758). During the year to 31 March 2024 the charity received restricted funding for the capital expenditure on the rebuild and restricted revenue funding for the reduction in earnings during the rebuild. At 31 March 2024 the balance on the restricted capital fund was £825,939 and the balance on the restricted revenue funding was £114,275 (see note 17).

The Charity's unrestricted reserves in the form of Net Current Assets for the year end were £292,572 (2023: £214,294).

Brighton Youth Centre maintains books and records of its financial affairs in accordance with best practice regulatory guidance and current legislation.

Management Committee Members are made fully aware of the financial affairs and the financial implications of its decision-making.

The day-to-day management of its financial affairs are undertaken by the CEO and Administrator, who adheres to policies, regulations, procedures and standing orders approved by the Trustees. All cheques exceeding £1,500 require the formal signature of at least one of the nominated Management Committee Members in addition to the CEO or Centre manager.

Reserves policy

Unrestricted funds are freely available for use in the furtherance of the objectives of the Charity.

Restricted funds are either those funds which are subject to specific conditions imposed by the donor or which have been considered ring fenced by the Trustees. All such funds received during the period were offset against expenditure to the extent to which they were permitted to do so. Income is shown on these funds when it is received. Details of movements on the Statement of Financial Activities are set out in the financial statements.

BYC aims to hold reserves equivalent to 3–6 months of annual revenue turnover. This is to ensure continuity of service and to cover any unexpected expenses.

Investment Policy and Objectives

BYC holds an HSBC investment account designated for the upkeep and renewal of the youth centre building. The trustees reviewed social, ethical, and environmental considerations alongside the needs of the charity in choosing the account. The account is in the lowest risk category.

Monitoring and Evaluation

We monitor KPI's, responding to what's working and testing new approaches. We use daily registers. Sessions close with the completion of a session log, including feedback received from young people in the session and observations from the youth worker. Time is taken after the session to cover safeguarding or operational issues and monitoring young people's progress towards change. Working collectively allows us to share best practices and resources so we can strategically address the needs of young people.

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BRIGHTON YOUTH CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The Charity, is constituted as a company limited by guarantee and a registered charity and has no share capital, and is governed by its Memorandum and Articles of Association. It has no issued share capital but each member of the company has guaranteed to subscribe £1 in the event of the company becoming insolvent. The Articles of Association provide that the business of the company shall be managed by the management committee of the Charity.

It was registered as a charity on 15 July 2003, having been incorporated as a company on 20 September 2002 to take over the assets and liabilities of the previous Brighton Youth Centre charity no 305175. The assets and liabilities of Brighton Youth Centre, charity no 305175, were transferred to the company on 1 April 2007.

Recruitment and appointment of new trustees

All Directors of the company are members of the Management Committee, and the Committee is responsible for the appointment of any members.

Election of Officer Positions of the Charity is by approval at the Charity's quarterly meetings on the basis of willingness to serve and possession of an appropriate professional background and experience to perform the Officer's duties. Newly appointed Management Committee Members are provided with an induction pack of relevant documents of the Charity, together with an initial briefing as to the background and ideas of the Charity.

Organisational structure

The activities of the Charity are advised and monitored by the Board of Trustees/Directors who meet four times a year to ensure that the company fulfils its objectives and complies with the requirements of the Charity Commission and Company Law. The Charity Directors/Trustees have legal responsibility for the overall management and control of the Charity. The Trustees also use their expertise to support various aspects of the running of the Charity.

The work of implementing most of their policies is the responsibility of the CEO Michael Roe who in turn manages the key staff including the Lead Youth Worker, Skate Park Coordinator, B.fest Coordinator and Administrator. These staff manage sessional workers and volunteers.

Planning involves members, all staff and volunteers, and Trustees/Directors. With the Trustees/Directors giving final approval to plans and expenditure on an annual basis.

Key Management Pay

The trustees monitor national and local trends in CEO pay to ensure remuneration is competitive and review performance against agreed activity and financial targets.

Risk management

The Trustee/Directors have conducted their own risk review of the major risks to which the Charity is exposed. Risk management is a standing item at Trustee meeting and policies and procedures are in place to identify and mitigate risk. These policies include financial controls and reporting, building and equipment checks and safeguarding practice designed to maximise the safety and support of Young People and Staff.

All procedures are periodically reviewed by the CEO to ensure they still meet the needs of the Charity.

Principal Risks and Uncertainties

The key risk to the charity is the impact of rebuilding the youth centre. Risks include:

Risk Management Strategy

The strategy to manage these risks includes:

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BRIGHTON YOUTH CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04541241 (England and Wales)

Registered Charity number 1098557

Registered office

64 Edward Street Brighton East Sussex BN2 2JA

Trustees

Ms S Shanks A Jenner T Moore B Glazebrook

Senior Statutory Auditor Shona Wardrop C.A.

Auditors

Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA

Bankers

The Co-operative Bank PO Box 1011 Balloon Street Manchester M60 4EP

Investment Advisers

HSBC Trust Company (UK) Limited PO Box 880 Southampton SO15 1WP

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Brighton Youth Centre for the purposes of company law) are responsible for preparing the Report of the Trustees 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

In so far as the trustees are aware:

AUDITORS

The auditors, Chariot House Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company 30 January 2025 directors, on ............................................. and signed on the board's behalf by:

........................................................................ B Glazebrook - Trustee

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BRIGHTON YOUTH CENTRE

Opinion

We have audited the financial statements of Brighton Youth Centre (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 (United Kingdom Generally Accepted Accounting Practice).

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 Auditors' 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 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 trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 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 matters prescribed by the Companies Act 2006

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

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BRIGHTON YOUTH CENTRE

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 Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company 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.

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BRIGHTON YOUTH CENTRE

Our responsibilities for the audit of the 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 a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and its activities, and through discussion with the trustees and management, we identified the principal risks of material misstatement both at the financial statement level and at the assertion level.

We considered these risks in the light of various factors including the level of complexity, subjectivity, uncertainty, potential management bias, fraud, materiality and any other relevant factors. We considered the extent to which these would have a material impact on the financial statements and designed our audit work accordingly.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and noncompliance with laws and regulations, our procedures included the following:

In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates were indicative of a potential bias and tested significant transactions that were unusual or those outside the normal course of business.

We also

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

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BRIGHTON YOUTH CENTRE

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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. 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 auditors' 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.

Shona Wardrop C.A. (Senior Statutory Auditor) for and on behalf of Chariot House Limited Chartered Accountants 44 Grand Parade Brighton East Sussex BN2 9QA 30 January 2025 Date: .............................................

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BRIGHTON YOUTH CENTRE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Youth Work Activities
Youth Centre Lettings
Investment income
3
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Youth Work Activities
Youth Centre Expenditure
Total
Net gains/(losses) on
investments
NET INCOME
Transfers between funds
17
Net movement in funds
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
funds

£
92,348
78,840
68,781
5,016
244,985
2,779
87,888
55,526
146,193
11,327
110,119
(991,334)
(881,215)
1,379,758
498,543		 Property
Fund
£
-
-
-
-
-
-
-
-
-
-
-
975,000
975,000
-
975,000		 Restricted
funds
£
1,211,695
-
-
-
1,211,695
-
184,461
103,354
287,815
-
923,880
16,334
940,214
-
940,214		 2024
Total
funds
£
1,304,043
78,840
68,781
5,016
1,456,680
2,779
272,349
158,880
434,008
11,327
1,033,999
-
1,033,999
1,379,758
2,413,757		 2023
Total
funds
£
143,857
101,306
90,466
3,321
338,950
2,900
214,751
83,590
301,241
(18,897)
18,812
-
18,812
1,360,946
1,379,758

The notes form part of these financial statements

Page 17

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE (REGISTERED NUMBER: 04541241)

BALANCE SHEET 31 MARCH 2024

2024 2023
Unrestricted Property Restricted Total Total
funds Fund funds funds funds funds
Notes £ £ £ £ £
FIXED ASSETS
Tangible assets 13 3,959 975,000 868,251 1,847,210 976,633
Investments 14 202,012 - - 202,012 188,831
205,971 975,000 868,251 2,049,222 1,165,464
CURRENT ASSETS
Debtors 15 18,233 - - 18,233 93,646
Cash at bank 415,576 - 71,963 487,539 629,800
433,809 - 71,963 505,772 723,446
CREDITORS
Amounts falling due within one
year 16 (141,237) - - (141,237) (509,152)
NET CURRENT ASSETS 292,572 - 71,963 364,535 214,294
TOTAL ASSETS LESS
CURRENT LIABILITIES 498,543 975,000 940,214 2,413,757 1,379,758
NET ASSETS 498,543 975,000 940,214 2,413,757 1,379,758
FUNDS 17
Unrestricted funds 1,473,543 1,379,758
Restricted funds 940,214 -
TOTAL FUNDS 2,413,757 1,379,758

30 January 2025

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. B Glazebrook - Trustee

The notes form part of these financial statements

Page 18

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Net cash used in investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2024
£
730,504
730,504
(870,911)
(52,003)
50,149
(872,765)
(142,261)
629,800
487,539		 2023
£
453,175
453,175
(206)
16,489
(18,897)
(2,614)
450,561
179,239
629,800

The notes form part of these financial statements

Page 19

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
(Gain)/losses on investments
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operations		 2024
£
1,033,999
334
(11,327)
75,413
(367,915)
730,504		 2023
£
18,812
317
18,897
(79,931)
495,080
453,175

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1/4/23 Cash flow At 31/3/24
£ £ £
Net cash
Cash at bank 629,800 (142,261) 487,539
629,800 (142,261) 487,539
Total 629,800 (142,261) 487,539

The notes form part of these financial statements

Page 20

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and on that basis the charity is considered to be a going concern.

The financial statements are prepared in sterling which is the functional currency of the entity, and are rounded to the nearest £1.

The charity meets the definition of a public benefit entity as defined by FRS102.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Grants and donations are only included in the Statement of Financial Activities when the Charity has an unconditional entitlement to the resources.

All incoming resources are included in the Statement of Financial Activities when the Charity is entitled to the income, the amount can be quantified with reasonable accuracy and the Trustees are virtually certain they will receive the resources.

Investment income is recognised on a receivable basis.

Incoming resources from charitable activities is accounted for when earned.

The value of any voluntary help received is not included in the Accounts but is described in the Trustees Annual Report.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - Straight line over 10 years Plant and machinery - Straight line over 10 years

The Charity does not have a minimum value for the capitalisation of fixed assets.

continued...

Page 21

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Recognition and measurement

Fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes. Accordingly the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds - these are the funds set aside by the Trustees out of unrestricted general funds for specific future purposes or projects.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Operating leases

Rentals payable under operating leases are charged against income on a straight line basis over the period of the lease.

Investments

Investments are a form of basic financial instrument and comprise investments in quoted equity instruments which are initially recognised at their transaction value and are subsequently measured at their fair value as at the balance sheet date. Changes in fair value are recognised in the Statement of Financial Activities. Quoted stocks and shares are included in the Balance Sheet at the current market price quoted on a recognised stock exchange as at the reporting date.

Judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the charity is required to make judgments, estimates and assumptions about the carrying value 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 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, if the revision affects only that period, or in the period of the revision and future periods if the revision affects both the current and future periods.

There are no estimates and assumptions that are considered to have a significant risk of causing a material adjustments to the financial statements in a future period.

continued...

Page 22

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Financial instruments

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

Financial Assets

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any discounts due.

Financial Liabilities

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Grants		 2024
£
10,981
1,293,062
1,304,043		 2023
£
28,187
115,670
143,857

Grants received, included in the above, are as follows:

Brighton & Hove CC
Chalk Cliff Trust
The National Foundation
Videoclub
Enjoolata Foundation
Ace Lottery
University of Sussex
Cleo
Pebble Trust
Sussex PCC
Youth Investment Fund		 2024
£
55,337
-
-
-
-
25,530
-
-
-
500
1,211,695
1,293,062		 2023
£
63,352
5,000
2,926
500
4,992
30,000
3,000
3,400
2,500
-
-
115,670

continued...

Page 23

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

3. INVESTMENT INCOME

Dividends
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Youth Work Income
Youth Work Activities
Youth Centre Lettings
Youth Centre Lettings
5.
RAISING FUNDS
Raising donations and legacies
Investment brokers fee
6.
CHARITABLE ACTIVITIES COSTS
Youth Work Activities
Youth Centre Expenditure
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Activity costs
Depreciation
Building repairs
Cleaning
Bank charges
Computer costs
Travel costs
Training
Carried forward		 Direct
Costs (see
note 7)
£
272,349
150,480
422,829		 2024
£
5,016
2024
£
78,840
68,781
147,621
2024
£
2,779
Support
costs (see
note 8)
£
-
8,400
8,400
2024
£
234,393
480
11,095
13,084
752
1,928
5,628
34,622
333
5,135
2,213
177
264
327
3,334
313,765		 2023
£
3,321
2023
£
101,306
90,466
191,772
2023
£
2,900
Totals
£
272,349
158,880
431,229
2023
£
185,772
1,339
10,186
17,197
737
1,338
3,003
40,216
317
7,578
4,525
388
372
111
-
273,079

continued...

Page 24

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

7. DIRECT COSTS OF CHARITABLE ACTIVITIES - continued

Brought forward
Bookkeeping
Copier rental
ndependent Examiners' fee
Professional fees		 2024
£
313,765
1,820
918
-
106,326
422,829		 2023
£
273,079
1,246
568
2,724
20,724
298,341

8. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Youth Centre Expenditure 8,400

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£ £
Auditors' remuneration 8,400 -
Depreciation - owned assets 334 317
Independent Examiner's fee - 2,724

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Youth centre employees		 2024
£
219,272
11,119
4,002
234,393
2024
15		 2023
£
169,445
13,110
3,217
185,772
2023
15

Page 25

continued...

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

11. STAFF COSTS - continued

No employees received emoluments in excess of £60,000.

The number of employees on a full time equivalent basis was 6 (2023: 6).

Key Management Personnel remuneration, consisting of gross salaries, employers NI and employers pension contributions, amounted to £54,118 (2023: £51,313)

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Property
funds
Fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
143,857
-
Charitable activities
Youth Work Activities
101,306
-
Youth Centre Lettings
90,466
-
Investment income
3,321
-
Total
338,950
-
EXPENDITURE ON
Raising funds
2,900
-
Charitable activities
Youth Work Activities
214,751
-
Youth Centre Expenditure
83,590
-
Total
301,241
-
Net gains/(losses) on investments
(18,897)
-
NET INCOME
18,812
-
RECONCILIATION OF FUNDS
Total funds brought forward
1,360,946
-
TOTAL FUNDS CARRIED FORWARD
1,379,758
-
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
funds
£
143,857
101,306
90,466
3,321
338,950
2,900
214,751
83,590
301,241
(18,897)
18,812
1,360,946
1,379,758

Page 26

continued...

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

13. TANGIBLE FIXED ASSETS

Improvements
Freehold
to
property
property
£
£
COST
At 1 April 2023
975,000
197,272
Additions
870,692
-
At 31 March 2024
1,845,692
197,272
DEPRECIATION
At 1 April 2023
-
197,272
Charge for year
-
-
At 31 March 2024
-
197,272
NET BOOK VALUE
At 31 March 2024
1,845,692
-
At 31 March 2023
975,000
-
14.
FIXED ASSET INVESTMENTS
Value at 1 April 2023
Additions
Disposal proceeds
(Loss)/Gain on disposal
Value at 31 March 2024
Historical Cost
Investments are £988 within the United Kingdom and £201,024 overseas.
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income		 Plant and
machinery
£
3,099
219
3,318
1,466
334
1,800
1,518
1,633
2024
£
188,831
52,003
(50,149)
11,327
202,012
210,609
2024
£
13,580
4,653
-
18,233		 Totals
£
1,175,371
870,911
2,046,282
198,738
334
199,072
1,847,210
976,633
2023
£
205,320
57,005
(54,597)
(18,897)
188,831
210,306
2023
£
9,761
4,268
79,617
93,646		 Totals
£
1,175,371
870,911
2,046,282
198,738
334
199,072
1,847,210
976,633
2023
£
205,320
57,005
(54,597)
(18,897)
188,831
210,306
2023
£
9,761
4,268
79,617
93,646


188,831
210,306
2023
£
9,761
4,268
79,617
93,646

continued...

Page 27

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Social security and other taxes
Other creditors
Accruals and deferred income
Accrued expenses		 2024
£
5,692
958
3,562
131,025
141,237		 2023
£
4,996
1,258
-
502,898
509,152

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Property Fund
Restricted funds
Rebuild - Capital Fund
Rebuild - Revenue Fund
TOTAL FUNDS		 At 1/4/23
£
1,379,758
-
1,379,758
-
-
-
1,379,758		 Net
movement
in funds
£
110,119
-
110,119
809,605
114,275
923,880
1,033,999		 Transfers
between
funds
£
(991,334)
975,000
(16,334)
16,334
-
16,334
-		 At
31/3/24
£
498,543
975,000
1,473,543
825,939
114,275
940,214
2,413,757

In 2024 the original property value of £975,000 was transferred to a separate designated fund.

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Rebuild - Capital Fund
Rebuild - Revenue Fund
TOTAL FUNDS		 Incoming
resources
£
244,985
809,605
402,090
1,211,695
1,456,680		 Resources
expended
£
(146,193)
-
(287,815)
(287,815)
(434,008)		 Gains and
losses
£
11,327
-
-
-
11,327		 Movement
in funds
£
110,119
809,605
114,275
923,880
1,033,999

continued...

Page 28

Docusign Envelope ID: 739A1BAA-932D-4308-8FE2-7602A1766D3C

BRIGHTON YOUTH CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS		 At 1/4/22
£
1,360,946
1,360,946		 Net
movement
in funds
£
18,812
18,812		 At
31/3/23
£
1,379,758
1,379,758

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
338,950
338,950		 Resources
expended
£
(301,241)
(301,241)		 Gains and
Movement
losses
in funds
£
£
(18,897)
18,812
(18,897)
18,812		 Gains and
Movement
losses
in funds
£
£
(18,897)
18,812
(18,897)
18,812
18,812

18. EMPLOYEE BENEFIT OBLIGATIONS

The charitable company operates a defined contribution pension scheme with contributions being made by both employer and employees at variable rates. Total pension costs in the current year amounted to £4,002 (2023: £3,217). At the year end £943 was due to the provider (2023: £808).

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 29