DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
Charity registration number 1099715
Company registration number 04774173 (England and Wales)
YOUTH EDUCATION SUPPORT SERVICES LONDON
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2022
DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
YOUTH EDUCATION SUPPORT SERVICES LONDON
LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 30 APRIL 2022
| Trustees | T Carey | (Resigned 8 July 2022) |
|---|---|---|
| O Durowoju | (Resigned 8 July 2022) | |
| T Simpson | (Resigned 8 July 2022) | |
| ML Clark | (Appointed 7 July 2022) | |
| BE Morgan | (Appointed 7 July 2022) | |
| W Chipperfield | (Appointed 7 July 2022) | |
| B Soltanpur | (Appointed 7 July 2022) | |
| (Resigned 30 August 2022) | ||
| Secretary | M Mawson | |
| Charity number | 1099715 | |
| Company number | 04774173 | |
| Registered office | 88/90 Baker Street | |
| London | ||
| W1U 6TQ | ||
| Independent examiner | Geoffrey Frost BSc (Hons) FCA | |
| Blue Spire Limited | ||
| Cawley Priory | ||
| South Pallant | ||
| Chichester | ||
| PO19 1SY | ||
| Accountants | Dales Evans & Co Limited | |
| 88/90 Baker Street | ||
| London | ||
| W1U 6TQ | ||
| Bankers | HSBC UK Bank plc |
DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
YOUTH EDUCATION SUPPORT SERVICES LONDON
CONTENTS FOR THE YEAR ENDED 30 APRIL 2022
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Independent examiner's report | 3 |
| Statement of financial activities | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 10 |
DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
YOUTH EDUCATION SUPPORT SERVICES LONDON
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 APRIL 2022
The trustees present their annual report and financial statements for the year ended 30 April 2022.
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
The company is a charity and exists to advance the education and conditions of life of young people under the age of 30 in London and anywhere in the world by the provision of advice, guidance and education, educational facilities and other facilities in the interests of social welfare and the relief of poverty for those young people.
Youth Education Support Services London (YESSL) offers a sympathetic and professional approach , taking into account the individual circumstances and difficulties of the young people we work with. Through a combination of moral and emotional support, linked to practical resources in association with other support agencies, Youth Education Support Services London is helping many disadvantaged young people to build a better future for themselves .
In accordance with Section 17 of the Charities Act 2011, the trustees have given careful consideration to the Charity Commission's general guidance on public benefit and in particular to continue maintaining its principal objects for the advancement of education and conditions of life of young people.
The charity is providing a public benefit through moral and emotional support for disadvantaged young people and developing educational facilities to offer students with opportunities for personal and professional development.
Achievements and performance
As we ended o ur 1 9 th year (30 April 202 2 ) we were well established, having provided general support for students beyond the capabilities of schools and local authorities . During the year, we have continued to provide after school music sessions at St Gabriel's college. We are in the process of contacting other schools in the area to offer extra-curricular music activities. We have now successfully delivered the community music industry programme with charity partner St Giles Trust (SGT) as mentioned in the Trustees' report for the previous year (30 April 2021).
In the year, we received a donation of £103,000 from a charity football event held by TAP Sports & Entertainment Limited and Keep Agency Limited. Of these funds, £41,211 has been held by YESSL to be paid over to other charities. The remaining funds of £61,789 will be used by YESSL to help fund music studios in schools and provide students with extra-curricular music activities.
We continue to provide practical and moral support, remotely, for students in difficulties, whatever those difficulties may be. Most importantly, we assist students in finding opportunities for further education, training and employment and also provide motivation and resources for them to put their hopes and plans into action .
In previous years, we have been operating exclusively in South London. We would like to offer our support to a wider range of young people, the main focus being in Afghanistan. In the coming years, we hope to deliver funding to build schools here, providing educational and financial support to young individuals and their families.
Financial review
The trustees have reviewed its financial performance achieved during the year, full details of which are shown on the Statement of Financial Activities on page 4 together with the accompanying notes to the statement.
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity. The charity's has scaled down its operation, and trustees believe the current level of funds maintained is sufficient to meet its expenditures
The trustees have considered the most appropriate policy for investing funds and believe the current investment policy meet their requirements to generate income.
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DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
YOUTH EDUCATION SUPPORT SERVICES LONDON
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2022
The trustees have assessed the major risks to which Youth Education Support Services London is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.
The balance of reserves as at 30 April 2022 are £46,012. The trustees' believe the balance of reserves at 30 April 2022, along with obtaining further funding, are sufficient for the charity to continue activities in the forthcoming years.
Structure, governance and management
The charity is controlled by its governing document, the memorandum and articles of association , and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Trustees
T Carey (Resigned 8 July 2022) O Durowoju (Resigned 8 July 2022) T Simpson (Resigned 8 July 2022) ML Clark (Appointed 7 July 2022) BE Morgan (Appointed 7 July 2022) W Chipperfield (Appointed 7 July 2022) B Soltanpur (Appointed 7 July 2022 and resigned 30 August 2022)
Trustees are appointed each year at the Annual Genera l Meeting of the company.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and in the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.
Small Companies Exemption
This report has been prepared in accordance with the provisions applicable to charitable companies subject to the small companies' regime.
The trustees' r eport was approved by the Board of Trustees.
28/2/2023 Ce .............................. 984492E806EA4CC...(lipperfiel A .................................... W Chipperfield Date Trustee
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DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
YOUTH EDUCATION SUPPORT SERVICES LONDON
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YOUTH EDUCATION SUPPORT SERVICES LONDON FOR THE YEAR ENDED 30 APRIL 2022
I report to the trustees on my examination of the financial statements of Youth Education Support Services London for the year ended 30 April 2022.
Responsibilities and basis of report
As the trustees of Youth Education Support Services London (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of Youth Education Support Services London are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of Youth Education Support Services London’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of Youth Education Support Services London as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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 view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
1/3/2023 .............................................................. (¢ 5BBA192EFDocuSigned 161484... by: ......................... Geoffrey Frost BSc (Hons) FCA Date Blue Spire Limited Cawley Priory South Pallant Chichester PO19 1SY
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DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
YOUTH EDUCATION SUPPORT SERVICES LONDON
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 APRIL 2022
| Unrestricted funds Restricted General funds 2022 2022 Notes £ £ Income from: Donations and legacies 3 82,807 - Expenditure on: Charitable activities 4 60,568 - Net income for the year/ Net movement in funds 22,239 - Fund balances at 1 May 2021 23,773 - Fund balances at 30 April 2022 46,012 - |
Unrestricted funds Restricted Total General funds 2022 2021 2021 £ £ £ 82,807 82,644 6,732 60,568 59,351 6,732 22,239 23,293 - 23,773 480 - 46,012 23,773 - |
Total 2021 £ 89,376 66,083 23,293 480 23,773 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
YOUTH EDUCATION SUPPORT SERVICES LONDON
BALANCE SHEET AS AT 30 APRIL 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Current assets | |||||
| Cash at bank and in hand | 102,427 | 38,159 | |||
| Creditors: amounts falling due within | |||||
| one year | 9 | (56,415) | (14,386) | ||
| Net current assets | 46,012 | 23,773 | |||
| Income funds | |||||
| Restricted funds | 10 | - | - | ||
| Unrestricted funds | 11 | 46,012 | 23,773 | ||
| 46,012 | 23,773 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2022.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for :
-
Ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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Preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies' regime.
28/2/2023
The financial statements were approved by the Trustees on .........................
Ce .............................. 984492E806EA4CC...(lipperfiel A W Chipperfield Trustee
Company registration number 04774173
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DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022
YOUTH EDUCATION SUPPORT SERVICES LONDON
1 Accounting policies
Charity information
Youth Education Support Services London is a private company limited by guarantee incorporated in England and Wales. The registered office is 88/90 Baker Street, London, W1U 6TQ.
1.1 Accounting convention
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared in sterling , which is the functional currency of Youth Education Support Services London . Monetary a mounts in these financial statements are rounded to the nearest £ .
1.2 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
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 .
1.3 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.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
1.4 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under costs of charitable activities which includes the cost of the charities staff and other costs in the fulfilment of the charity’s objects.
1.5 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6 Financial instruments
Youth Education Support Services London has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in Youth Education Support Services London 's balance sheet when Youth Education Support Services London becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously .
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DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2022
YOUTH EDUCATION SUPPORT SERVICES LONDON
1 Accounting policies
(Continued)
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2 Critical accounting estimates and judgements
In the application of Youth Education Support Services London’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Donations and legacies
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| funds | Restricted | funds | Restricted | |||
| General | funds | Total | General |
funds | Total | |
| 2022 | 2022 | 2022 | 2021 |
2021 | 2021 | |
| £ | £ | £ | £ |
£ | £ | |
| Donations and gifts | 82,807 | - | 82,807 | 82,644 |
6,732 | 89,376 |
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DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
YOUTH EDUCATION SUPPORT SERVICES LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2022
4 Charitable activities
| Staff costs Nines youth community project St Gabriel's c ollege music room Support costs Governance costs Analysis by fund Unrestricted funds Restricted funds 5 Net movement in funds Net movement in funds is stated after charging/(crediting) Independent examiner's fees - Examination |
2022 £ 49,688 - 295 49,983 9,625 960 60,568 60,568 - 60,568 2022 £ 960 |
2021 £ 49,696 6,732 3,043 59,471 5,652 960 66,083 59,351 6,732 66,083 2021 £ 960 |
|---|---|---|
6 Trustees' Remuneration and Benefits
The Trustees' did not receive any remuneration or other benefits during the year (2021 - none).
The Trustees' do not have any personal interest in any contracts or transactions entered into by the charity during the year (2021 - none).
The Trustees' did not have any expenses paid for during the year (2021 - none).
7 Employees
The average monthly number of employees during the year was:
| 2022 | 2021 |
|---|---|
| Number | Number |
| 1 | 1 |
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DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
YOUTH EDUCATION SUPPORT SERVICES LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2022
| 7 Employees Employment costs Wages and salaries Social security costs There were no employees whose annual remuneration was more than £60,000. 8 Financial instruments Carrying amount of financial assets Debt instruments measured at amortised cost Carrying amount of financial liabilities Measured at amortised cost |
(Continued) 2022 2021 £ £ 48,250 48,250 1,438 1,446 49,688 49,696 2022 2021 £ £ - - 55,578 13,549 |
|---|---|
Financial liabilities measured at amortised cost comprise of other creditors and accruals.
9 Creditors: amounts falling due within one year
| Other taxation and social security Other creditors Accruals and deferred income |
2022 £ 837 41,211 14,367 56,415 |
2021 £ 837 6,125 7,424 14,386 |
|---|---|---|
10 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Movement | in funds | Movement | in funds | ||||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | |
| 1 May 2020 | resources | expended | 1 May 2021 | resources | expended | 30 April | |
| 2022 | |||||||
| £ | £ | £ | £ | £ | £ | £ | |
| Nines Youth | |||||||
| Community | |||||||
| Project | - | 6,732 | (6,732) | - |
- | - | - |
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DocuSign Envelope ID: 7062188D-B59E-42F7-976E-B63C0D47676E
YOUTH EDUCATION SUPPORT SERVICES LONDON
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2022
11 Unrestricted funds - General
These are unrestricted funds which are material to the Youth Education Support Services London's activities made up as follows:
| Movement | in funds | Movement | in funds | ||||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | |
| 1 May 2020 | resources | expended | 1 May 2021 | resources | expended | 30 April | |
| 2022 | |||||||
| £ | £ | £ | £ | £ | £ | £ | |
| General | 480 | 82,644 | (59,351) | 23,773 |
82,807 | (60,568) | 46,012 |
12 Related party transactions
There were no disclosable related party transactions during the year (2021 - none) .
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