OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Swindon Mentoring And Self Help Youth Project

2024-03-31-accounts

==> picture [46 x 9] intentionally omitted <==

----- Start of picture text -----
fh Hell =e
----- End of picture text -----

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 MARCH 2024

Company Number: 04626164 Charity Number: 1107900

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Cash Flow Statement 13
Notes to the Cash Flow Statement 14
Notes to the Financial Statements 15 to 24
Detailed Statement of Financial Activities 25 to 26

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Reference and Administrative Details for the Year Ended 31 March 2024

TRUSTEES C Etheridge L Howlett J Ridley Company Secretary S Wesley P Brown (resigned 17.10.23) E Young P Lu (appointed 1.4.23) P G Marshman (appointed 1.4.23) L MacInnes (appointed 1.2.24) R Reeve (appointed 1.1.24) REGISTERED OFFICE Pinetrees Community Centre The Circle Swindon Wiltshire SN2 1RF REGISTERED COMPANY NUMBER 04626164 (England and Wales) REGISTERED CHARITY NUMBER 1107900 INDEPENDENT EXAMINER Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA BANKERS Lloyds Bank PLC PO Box 1000 Andover

1

REPORT OF THE BOARD OF TRUSTEES (INCORPORATING THE DIRECTORS’ REPORT)

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).

A message from our Chair

Hello again everyone

Here is our latest annual report, and yet another spectacular year. It seems to me that we are continually growing and moving forward at such a pace, it’s often difficult to keep up. Thank goodness for Andy and the amazing team who keep us Trustees regularly updated and involved with all things SMASH, a huge thankyou to them all for helping to make this such a great charity.

We are now expanding into Wiltshire, with the help and support of the Rotary club, and the partnership that we have established with our health colleagues, to provide mentoring for children and young people with specific medical conditions. This is exciting progress, and for me an old hand in the NHS, innovative work that is going to be one to watch.

Not wanting to rest on our laurels we also:

You can of course read more of our achievements within the body of the report, which I hope will reflect all that we do to support children young people and their families. As always, they are our priority and whilst we remain conscious of how much there is still to do, we aim to provide the best possible quality mentoring for our client group, to enable them to have the crucial support when they need it the most.

As always, I would like to extend my thanks and gratitude to all of the project partners, community groups and fundraisers that help to make this a reality and continue to support us from the wings. We couldn’t do it without you. And last but not least, our amazing Trustees who provide the challenge and drive to commit their time and practical abilities to SMASH, ensuring that we are on message and delivering the best possible service to children, young people and their families. Here’s to another great year.

Chris Etheridge – Chair of Trustees for SMASH.

2

REPORT OF THE BOARD OF TRUSTEES (INCORPORATING THE DIRECTORS’ REPORT)

Objects and Activities

The objects for which the Charity is established are:

  1. The Objects of the Charity are for the public benefit and specifically restricted to the advancement of the education and wellbeing of children, young people and adults in the South West of England, in particular Wiltshire, Gloucester and Oxfordshire, through advice, counselling and mentoring in association with schools, colleges, other educational establishments and the local community so as to develop their physical, mental and emotional capacities that they may grow to full maturity as individuals and that their condition of life may be improved.

  2. To provide relief by offering support and advice to parents/carers of such persons.

Public Benefit

In continuing to deliver our Strategic Plan and activities, the Board of Trustees have given consideration to the duties set out in Section 4 of the Charities Act 2011 to have due regard for public benefit. In particular, the Board of Trustees have considered how the planned activities will contribute to the overall aims and objectives they have set.

Statement of Trustees Responsibilities

The Trustees (who are also the Directors of Swindon Mentoring and Self Help Youth Project 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 that the Board of Trustees must not approve financial statements for the financial year unless they are satisfied that they 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:

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.

All the current Trustees have taken all reasonable steps, which, to the best of their knowledge and belief they ought to have taken, to make themselves aware of any information needed by the Charity’s Independent Examiner for the purpose of completing the accounts and to establish that the Independent Examiner is aware of that information. The Trustees are not aware of any information which they understand would be relevant of which the Independent Examiner is unaware.

3

REPORT OF THE BOARD OF TRUSTEES (INCORPORATING THE DIRECTORS’ REPORT)

Vision

Our vision is for a society where young people’s struggles with their wellbeing are rare, brief and not repeated.

Mission

We work with young people to ensure they get the support they need, when they need it, without judgment.

Values

These values inform everything we do at Smash, guiding our decision making and justifying our approach:

How we work

We have four main strands to our work:

Strategic objectives

In 2023-24 we have continued to push forward our strategic objectives in accordance with our 3-year strategic plan. This identified four strategic priorities:

In becoming the provider of choice locally, we successfully bid for two significant commissions – Running a Wiltshirewide Street-based mentoring partnership through Safer Streets 5, and developing long-term, sustainable Youth Work Partnership at the new Lyndhurst Youth Centre.

We have successfully merged with local youth work charity, Inner Flame. It was a moment of real pride to be considered as a safe home to continue their legacy of work, particularly around reducing anxiety in young people.

We have developed two new key strategic roles within the organisation – Head of Business Development and Head of Practice. Gail has been working hard on supporting project work that enables a more sustainable model of funding, and Luke has been undertaking significant research developing professional standards for mentoring, drawing on support from local universities to shape his thinking.

4

REPORT OF THE BOARD OF TRUSTEES (INCORPORATING THE DIRECTORS’ REPORT)

Finally, we have been improving awareness of our organisation into neighbouring Wiltshire, through supporting the Police and Crime Commissioner through facilitating support for a piece of youth work in Devizes, and through leading a county-wide youth work partnership.

Achievements and Performance

We have delivered close to 500 1to1 mentoring sessions, and 50 group mentoring sessions over the last 12 months, supporting 136 young people directly.

On top of this, we have engaged in 750 street-based mentoring interactions, through supporting youth clubs, detached youth work or seasonal activities.

We continue to receive a high number of referrals from a broad range of partners, including local schools, youth justice service, social services, and other VCSE organisations.

Many were new to our service, and we saw a significant increase in young people with complex needs, with around 25% now reaching the threshold for CaMHs and TaMHs intervention. Feedback from these young people confirms that we are providing vital practical and emotional support to young people with nowhere else to turn.

We continue to make a significant contribution to local and regional partnerships, supporting the Wiltshire Youth Partnership and Network, Chairing the Early Intervention Strategic Board and hosting the Youth Collective.

This year 29 young people we worked with moved into secure education, employment or training outcomes. Our team helped them find work or education through partnerships with the Council and other providers. This is one of the most important steps for a young person and yet one of the most challenging, often due to low confidence, lack of opportunities for work experience and a decreasing number of entry level job roles in Swindon.

Volunteers

We have started to bring volunteers back into the fold with SMASH through this year. We have recruited two new brilliant trustees, have accepted a university student on placement with us, and have two T-Level students completing their placement with us. We know that our volunteers can continue to bring valuable skills and energy to our service, with their rich life experience enabling us to support young people in a greater range of ways.

All volunteers are recruited through an application form and interview, with reference checks and Disclosure and Barring Services (DBS) checks before commencement of their role.

Structure, Governance and Management

Commencement of Activities

Swindon Mentoring and Self Help Youth Project was established by constitution dated 1 July 1999 and registered on 02 February 2005 with the Charities Commission. On 31 December 2002, a Company limited by guarantee was incorporated with the same name as the Charity.

Governing Document

Swindon Mentoring and Self Help Youth Project is a Company limited by guarantee (04626164) and a registered Charity (1107900). It is governed by its Memorandum and Articles of Association, newly written in 2023 to bring it back into line with current charity law, following previous revisions in 2005 and 2019. The members of the Company are the Trustees named on page 1. In the event of the Company being wound up, the liability in respect of guarantee is £1 per member.

Method and Appointment of Trustees

The management of the Board of Trustees is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association. All Trustees are provided with training and the Charity complies with the Code of Good Governance.

Applications are reviewed by the board, including the CEO. Interviews for prospective Trustees are conducted by the Chair, CEO and one other trustee. All new Trustees are required to sign a declaration that they are not disqualified from acting as a Director/Trustee and that they will devote the necessary time and effort in their position. Disclosure and Barring Service checks are carried out on all new Trustees before appointment.

5

REPORT OF THE BOARD OF TRUSTEES (INCORPORATING THE DIRECTORS’ REPORT)

Induction and Training of Trustees

Following a review of our induction process, all newly appointed Trustees will receive a comprehensive information pack upon starting, containing a copy of the governing document, previous Board of Trustees and Committee minutes, a copy of the three-year strategy, operational plans and fundraising strategy, the latest management accounts, and staff structure. New Trustees are also encouraged to spend time with the staff team, observing front-line delivery where possible.

Unless specific skills are headhunted using existing networks, vacancies for Trustees are publicly advertised on the website and via local online channels. The advertisement contains information about the role and skills and qualities required. The application pack includes information about the organisation, a job description and a person specification.

All Trustees will be provided with ongoing training and information to keep their knowledge and skills up-to-date and relevant.

Organisational Structure and Decision Making

The Board of Trustees meets six times a year. The CEO is appointed by Trustees to manage the day-to-day operations of the Charity and to implement the Charity’s strategic plan.

The day-to-day running of the Charity and leadership of the staff team is delegated to the CEO. The CEO meets for regular supervision sessions with the chair and is accountable to the Board of Trustees for the performance of agreed strategic implementation plans.

The remuneration of the CEO is set by the Board of Trustees, with the remuneration of other staff being advised by the CEO. The board annually review staff salaries for cost of living increases. An independent HR service is utilised for support and guidance. Salaries are set against our internal pay scales, to be reviewed every two years by our trustee board.

Swindon Mentoring and Self Help Youth Project is committed to attracting, recruiting and training experienced, professional staff who will deliver the best outcomes for young people.

Delivery of Swindon Mentoring and Self Help Youth Project’s charitable vision and strategic plan is primarily dependent on our key management personnel and staff costs are the largest single element of our charitable expenditure.

Risk Management

The Risk Register is managed by the Head of Operations. Risks are routinely reviewed by the CEO/Head of Operations and significant updates briefed monthly to the Board. The Risk Register is endorsed at each Risk and Finance WG (implemented during 2023, includes 2 x Trustees and is held 3-4 times pa).

Risks are managed and scored using NCVO guidance formula “likelihood x impact (+ impact)” and assessed pre and post mitigation as:

Children and Young Person’s safety remains a priority for SMASH and the Safeguarding Risk (S1) is to be continuously considered an ever-present Top Risk by the Board despite its post mitigation score throughout the reporting period of “LOW.”

Principle Risks

SMASH’s risk management framework has identified the key risks the Board believes could have the most impact on our values, service offering, financial position and reputation. The list below reflects the latest endorsed Risk Register (17 Jul 24).

6

REPORT OF THE BOARD OF TRUSTEES (INCORPORATING THE DIRECTORS’ REPORT)

Major Changes from Previous Report

The most significant change is the post mitigation reduction to “LOW” for Financial 2 (F2) “unable to secure sufficient overall income and/or dependence on a dominant funding source.” F2 was previously considered as “HIGH” and reported as:

This risk has been mitigated down and is currently assessed as ‘LOW’ with a marker for 3/4Q 2024 due to the end of Safer Streets 5 funding (2Q 25). Progress is best summarised by the Risk Register entry 15 Nov 23:

Top Risk(s)

Remaining Medium Risks (not held at Board level)

7

REPORT OF THE BOARD OF TRUSTEES (INCORPORATING THE DIRECTORS’ REPORT)

Environment and Sustainability

We have improved our awareness of our environmental impact and sustainability as an organisation. This year we have:

Financial Review

Income for 2023-4 greatly exceeded the original budget of £274,000 approved by the Board of Trustees, reaching £703,516. This was primarily due to significant new funding streams from Swindon Borough Council and The Office of the Police and Crime Commissioner for government initiatives Safer Streets 4 and 5, from Swindon Borough Council for the Lyndhurst Project, and a number of additional smaller grants from trusts and foundations.

In addition, funding was received following the closure of Swindon charity Inner Flame amounting to £64,687. Of this, £13,786 is allocated to carrying on the Manage Anxiety Your Way course started by Inner Flame. After professional fees relating to the transfer, the balance of £40,307 is carried forward in a Designated Fund to be used on projects aligned with the values of both organisations.

The increased number of projects resulted in increased staffing to a total number of staff of 14 at the year end, equating to an FTE of 7 (prior year 5). Related staff costs increased proportionately and represent 57% of total expenditure.

In line with our values, we enabled other organisations to access government funding through working in partnership with several other youth organisations in Swindon and Wiltshire, distributing grant funding to them from the main overall funder. This funding represents 24% of total expenditure this financial year.

Closing reserves were £395,145, with £241,907 held in restricted funds where projects are in progress at the year end and £153,238 in unrestricted funds (including the Inner Flame Designated Fund). The year’s surplus of £274,576 comprises £66,782 unrestricted (primarily the Inner Flame receipt) and £207,794 restricted where funding has been received for projects which are in progress at the year end.

Fundraising Review

Fundraising in 2023-24 was a year of creating new structures ahead of our two main funding partners ending at the end of the year. We trialled working with two fundraising organisations – Funded Team and Dot to Dot Consultancy – with a view to creating a longer term partnership going forward. Income this year continued to be dominated by two main funding streams – our partnership with The Police and Crime Commissioner and Swindon Borough Council – but we are confident the work completed this year will make the transition to greater sustainability smoother next year.

We are also very grateful for the income secured through our existing Trusts, Foundations and business relationships, some of whom kindly pledged to extend their support in recognition of our good work. We give our warmest thanks to The Blagrave Trust, Children in Need, Community First, Community Foundation for Wiltshire and Swindon, The Masonic Charitable Foundation, Postcode Lottery, Skinners Charity Foundation, Sovereign Housing Association, Truemark Trust, UK Youth, Wroughton Community Trust and Wroughton Parish Council.

We express our sincere appreciation to every single person who supported us with monthly giving or one-off donations; those who gave in memory of a loved one or pledged a legacy, and to all the community organisations and companies who generously raised vital funds to ensure that we could continue our life-changing work with young people.

Reserves Policy

The Board of Trustees approved the establishing of a Designated Fund to ringfence the funding received through the acquisition of ‘Inner Flame’. We have also concluded our ‘Head of Income’ fund following the successful recruitment of our Head of Business Development earlier in the year.

8

REPORT OF THE BOARD OF TRUSTEES (INCORPORATING THE DIRECTORS’ REPORT)

The Board of Trustees has agreed a reserves policy which makes provision for Unrestricted General Reserves to be held within an operating window of 3-6 months of core operating costs, with a further sum designated to cover future closure and related costs. This is considered an appropriate sum.

As at the end of the 2023-4 financial year, the Board of Trustees have included all the year-end designations and general fund in its assessment of the adequacy of the overall reserves to maintain operations. The Board of Trustees regularly monitors the adequacy of funds and will seek to ensure the general level of free reserves equate to six months of core operating costs.

Investment Policy

The Board of Trustees, having regard to the liquidity requirements of the Charity and to the reserves policy, has committed to creating an investment policy this year which keeps available funds in current and interest-bearing accounts with total balances with each financial institution no greater than that covered by the Financial Services Compensation Scheme (FSCS) limit. The exception to this being the Charity’s main operational clearing bank where funds up to a total of £200,000 may be retained subject to tiered maturity profiles.

ON BEHALF OF THE BOARD OF TRUSTEES

Chris Etheridge Chair

Date: 10[th] September 2024

9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Independent examiner's report to the trustees of Swindon Mentoring and Self Help Youth Project ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts 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 accounts to be reached.

Mangia

Christopher Vaughan

The Institute of Chartered Accountants in England and Wales

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

10[th] September 2024

10

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
72,415
Fundraising and other charitable activities
3
12,096
Investment income
4
7
Other income
5
50,528
Total
135,046
EXPENDITURE ON
Raising funds
6
5,005
Charitable activities
7
Child and Young Person support
55,642
Total
60,647
NET INCOME/(EXPENDITURE)
74,399
Transfers between funds
18
(7,617)
Net movement in funds
66,782
RECONCILIATION OF FUNDS
Total funds brought forward
86,456
TOTAL FUNDS CARRIED FORWARD
153,238		 Restricted
funds
£
549,687
4,624
-
14,159
568,470
6,612
361,681
368,293
200,177
7,617
207,794
34,113
241,907		 31.3.24
Total
funds
£
622,102
16,720
7
64,687
703,516
11,617
417,323
428,940
274,576
-
274,576
120,569
395,145		 31.3.23
Total
funds
£
208,465
60
-
-
208,525
8,798
212,459
221,257
(12,732)
-
(12,732)
133,301
120,569

The notes form part of these financial statements

11

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Balance Sheet

31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 14 5,793 - 5,793 3,234
CURRENT ASSETS
Debtors 15 4,370 1,801 6,171 27,843
Cash at bank and in hand 154,283 258,877 413,160 160,280
158,653 260,678 419,331 188,123
CREDITORS
Amounts falling due within one year 16 (11,208) (18,771) (29,979) (70,788)
NET CURRENT ASSETS 147,445 241,907 389,352 117,335
TOTAL ASSETS LESS CURRENT LIABILITIES
153,238 241,907 395,145 120,569
NET ASSETS 153,238 241,907 395,145 120,569
FUNDS 18
Unrestricted funds 153,238 86,456
Restricted funds 241,907 34,113
TOTAL FUNDS 395,145 120,569

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 10[th] September 2024 and were signed on its behalf by:

C Etheridge - Trustee

The notes form part of these financial statements

12

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

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
Interest received
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
2
Cash and cash equivalents at the end of
the reporting period
2		 31.3.24
£
261,501
261,501
(4,594)
7
(4,587)
256,914
156,246
413,160		 31.3.23
£
23,786
23,786
(1,776)
-
(1,776)
22,010
134,236
156,246

The notes form part of these financial statements

13

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Notes to the Cash Flow Statement for the Year Ended 31 March 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Interest received
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operations
2.
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year
Total cash and cash equivalents
3.
ANALYSIS OF CHANGES IN NET FUNDS		 31.3.24
£
274,576
2,035
-
(7)
21,672
(36,775)
261,501
31.3.24
£
22
413,138
-
413,160		 31.3.23
£
(12,732)
1,962
339
-
(26,542)
60,759
23,786
31.3.23
£
13
160,267
(4,034)
156,246
At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 160,280 252,880 413,160
Bank overdraft (4,034) 4,034 -
156,246 256,914 413,160
Total 156,246 256,914 413,160

The notes form part of these financial statements

14

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

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.

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.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

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

Fixtures and fittings

Taxation

The charity is exempt from corporation tax on its charitable activities.

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.

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.

continued...

15

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

2.
DONATIONS AND LEGACIES
Gifts and donations
Grants from statutory funders
Grants from trusts and foundations
Other grants
3.
FUNDRAISING AND OTHER CHARITABLE ACTIVITIES
Fundraising events
Primary purpose income
4.
INVESTMENT INCOME
Deposit account interest
5.
OTHER INCOME
Other income		 31.3.24
£
11,069
481,270
97,400
32,363
622,102
31.3.24
£
10,724
5,996
16,720
31.3.24
£
7
31.3.24
£
64,687		 31.3.23
£
8,270
75,000
39,394
85,801
208,465
31.3.23
£
-
60
60
31.3.23
£
-
31.3.23
£
-

Prior to their closure, SMASH received by deed of transfer the reserves from Inner Flame (charity no. 1127758). In line with the agreement, SMASH has created a Designated Fund to ensure that the income is expended on projects where our charitable objects are in alignment.

6. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
31.3.24 31.3.23
£ £
Staff costs 6,612 -
Fundraising costs 5,005 8,798
11,617 8,798

continued...

16

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

7. CHARITABLE ACTIVITIES COSTS

Child and Young Person support
8.
GRANTS PAYABLE
Child and Young Person support		 Direct
Costs
£
284,320		 Grant
funding of
activities
(see note
8)
£
102,149		 Support
costs (see
note 9)
£
30,854
31.3.24
£
102,149		 Totals
£
417,323
31.3.23
£
-

9. SUPPORT COSTS

Management
Finance
r
£
£
Child and Young Person
support
17,674
32
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Deficit on disposal of fixed assets		 Human
Governance
esources
costs
Totals
£
£
£
2,276
10,872
30,854
31.3.24
31.3.23
£
£
2,035
1,962
-
339

10. NET INCOME/(EXPENDITURE)

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

11. 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

£136 trustees' expenses were paid to 2 trustees for the year ended 31 March 2024 (31 March 2023: nil).

continued...

17

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

12. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.3.24
£
222,226
14,678
6,126
243,030		 31.3.23
£
163,697
10,321
3,630
177,648

The average monthly number of employees during the year was as follows:

31.3.24 31.3.23
Project Delivery 5 4
Management and Finance 2 1
7 5

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

13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES (RESTATED)
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
33,270
Fundraising and other charitable activities
-
Total
33,270
EXPENDITURE ON
Raising funds
8,798
Charitable activities
Child and Young Person support
28,365
Total
37,163
NET INCOME/(EXPENDITURE)
(3,893)
RECONCILIATION OF FUNDS
Total funds brought forward
90,349
TOTAL FUNDS CARRIED FORWARD
86,456		 Restricted
funds
£
175,195
60
175,255
-
184,094
184,094
(8,839)
42,952
34,113		 Total
funds
£
208,465
60
208,525
8,798
212,459
221,257
(12,732)
133,301
120,569

continued...

18

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

14. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2023 15,433
Additions 4,594
At 31 March 2024 20,027
DEPRECIATION
At 1 April 2023 12,199
Charge for year 2,035
At 31 March 2024 14,234
NET BOOK VALUE
At 31 March 2024 5,793
At 31 March 2023 3,234
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Trade debtors 2,208 20,557
Prepayments and accrued income 3,963 7,286
6,171 27,843
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£ £
Bank loans and overdrafts (see note 17) - 4,034
Trade creditors 1,781 476
Social security and other taxes 7,218 -
Other creditors 1,625 -
Accruals and deferred income 19,355 66,278
29,979 70,788

continued...

19

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

17. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£ £
Amounts falling due within one year on demand:
Bank overdrafts - 4,034

The overdrawn bank balance relates to final expenditure on the Building Bridges programme which is reimbursed to the charity in arrears.

18. MOVEMENT IN FUNDS

Unrestricted funds
SMASH General Fund
SMASH Designated Fund
Restricted funds
Wellbeing Project
Atlas Groups Mentoring
Enterprise and Skills Project
Alternative Provision (Lyndhurst Project)
Manage Anxiety Your Way
Street-Based Mentoring (including Safer
Streets 4 and 5)
TOTAL FUNDS		 Net
movement
At 1.4.23
in funds
£
£
54,456
34,092
32,000
40,307
86,456
74,399
19,402
(22,228)
14,711
3,902
-
5,960
-
37,093
-
13,786
-
161,664
34,113
200,177		 Net
movement
At 1.4.23
in funds
£
£
54,456
34,092
32,000
40,307
86,456
74,399
19,402
(22,228)
14,711
3,902
-
5,960
-
37,093
-
13,786
-
161,664
34,113
200,177		 Transfers
between
funds
£
24,383
(32,000)
(7,617)
2,826
4,791
-
-
-
-
7,617		 At
31.3.24
£
112,931
40,307
153,238
-
23,404
5,960
37,093
13,786
161,664
241,907
120,569 274,576 - 395,145

continued...

20

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

18. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
SMASH General Fund
SMASH Designated Fund
Restricted funds
Wellbeing Project
Atlas Groups Mentoring
Enterprise and Skills Project
Alternative Provision (Lyndhurst Project)
Manage Anxiety Your Way
Street-Based Mentoring (including Safer
Streets 4 and 5)
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
SMASH General Fund
SMASH Designated Fund
Restricted funds
BBC Children in Need
Building Bridges
Wellbeing Project
Atlas Groups Mentoring
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
84,518
(50,426)
34,092
50,528
(10,221)
40,307
135,046
(60,647)
74,399
7,640
(29,868)
(22,228)
42,624
(38,722)
3,902
54,656
(48,696)
5,960
74,473
(37,380)
37,093
17,559
(3,773)
13,786
371,518
(209,854)
161,664
568,470
(368,293)
200,177
703,516
(428,940)
274,576
Net
movement
At
At 1.4.22
in funds
31.3.23
£
£
£
70,349
(15,893)
54,456
20,000
12,000
32,000
90,349
(3,893)
86,456
6,707
(6,707)
-
5,728
(5,728)
-
30,517
(11,115)
19,402
-
14,711
14,711
42,952
(8,839)
34,113
133,301
(12,732)
120,569		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
84,518
(50,426)
34,092
50,528
(10,221)
40,307
135,046
(60,647)
74,399
7,640
(29,868)
(22,228)
42,624
(38,722)
3,902
54,656
(48,696)
5,960
74,473
(37,380)
37,093
17,559
(3,773)
13,786
371,518
(209,854)
161,664
568,470
(368,293)
200,177
703,516
(428,940)
274,576
Net
movement
At
At 1.4.22
in funds
31.3.23
£
£
£
70,349
(15,893)
54,456
20,000
12,000
32,000
90,349
(3,893)
86,456
6,707
(6,707)
-
5,728
(5,728)
-
30,517
(11,115)
19,402
-
14,711
14,711
42,952
(8,839)
34,113
133,301
(12,732)
120,569
133,301 (12,732)

continued...

21

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

18. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
SMASH General Fund
SMASH Designated Fund
Restricted funds
BBC Children in Need
Building Bridges
Wellbeing Project
Atlas Groups Mentoring
TOTAL FUNDS		 Incoming
resources
£
33,270
-
33,270
9,444
83,801
50,000
32,010		 Resources
Movement
expended
in funds
£
£
(49,163)
(15,893)
12,000
12,000
(37,163)
(3,893)
(16,151)
(6,707)
(89,529)
(5,728)
(61,115)
(11,115)
(17,299)
14,711
(184,094)
(8,839)
(221,257)
(12,732)
175,255 (184,094)
208,525 (221,257)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
SMASH General Fund
SMASH Designated Fund
Restricted funds
BBC Children in Need
Building Bridges
Wellbeing Project
Atlas Groups Mentoring
Enterprise and Skills Project
Alternative Provision (Lyndhurst Project)
Manage Anxiety Your Way
Street-Based Mentoring (including Safer
Streets 4 and 5)
TOTAL FUNDS		 Net
movement
At 1.4.22
in funds
£
£
70,349
18,199
20,000
52,307		 Net
movement
At 1.4.22
in funds
£
£
70,349
18,199
20,000
52,307		 Transfers
between
funds
£
24,383
(32,000)		 At
31.3.24
£
112,931
40,307
153,238
-
-
-
23,404
5,960
37,093
13,786
161,664
241,907
395,145
90,349
6,707
5,728
30,517
-
-
-
-
-
42,952		 70,506
(6,707)
(5,728)
(33,343)
18,613
5,960
37,093
13,786
161,664
191,338		 (7,617)
-
-
2,826
4,791
-
-
-
-
7,617
133,301 261,844 -

continued...

22

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
SMASH General Fund
SMASH Designated Fund
Restricted funds
BBC Children in Need
Building Bridges
Wellbeing Project
Atlas Groups Mentoring
Enterprise and Skills Project
Alternative Provision (Lyndhurst Project)
Manage Anxiety Your Way
Street-Based Mentoring (including Safer
Streets 4 and 5)
TOTAL FUNDS		 Incoming
resources
£
117,788
50,528
168,316
9,444
83,801
57,640
74,634
54,656
74,473
17,559
371,518
743,725
912,041		 Resources
Movement
expended
in funds
£
£
(99,589)
18,199
1,779
52,307
(97,810)
70,506
(16,151)
(6,707)
(89,529)
(5,728)
(90,983)
(33,343)
(56,021)
18,613
(48,696)
5,960
(37,380)
37,093
(3,773)
13,786
(209,854)
161,664
(552,387)
191,338
(650,197)
261,844

19. RELATED PARTY DISCLOSURES

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

20. FUNDS

Unrestricted Funds

SMASH General Fund

Funds reserved to provide for future potential contingencies and to meet SMASH's reserves policy.

SMASH Designated Funds

The charity's Designated Fund at 1 April 2023 was funding set aside to employ a Head of Income for the charity. The Head of Business Development was employed in July 2023, so this funding was released to SMASH General Fund.

The charity's Designated Fund at 31 March 2024 consists of funds transferred by Deed of Transfer from registered charity Inner Flame (registered number 1127758) prior to its closure. In line with the agreement, the Designated Fund has been created to ensure the funding is spent on projects where our charitable objectives are in alignment.

Restricted Funds

The charity's restricted funds were created for the following purposes:

Wellbeing Project

Funding supporting 1:1 mentoring in schools for children and young people with emerging concerns with their wellbeing or who are at risk of becoming involved in criminality.

continued...

23

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

20. FUNDS - continued

Atlas Group Mentoring

Funding to provide small group mentoring to children and young people awaiting mental health support or in need of support for emotional or behavioural reasons.

Street-Based Mentoring (including Safer Streets 4 and 5)

Funding to provide mentoring for young people directly in their community, often on the streets or in local community settings, with the aim of reducing anti-social behaviour and improving community cohesion.

Alternative Provision (Lyndhurst Project)

Funding for the development of a sustainable youth work provision in the new Lyndhurst Youth Centre.

Manage Anxiety Your Way

Funding for an online course inherited from Inner Flame for young people looking to improve their anxiety.

Enterprise and Skills Project

Funding to provide mentoring for young people who are not in education, employment or training.

- BBC Children in Need (2022 23)

Funding to provide therapeutic group work for children and young people experiencing anxiety, mental health issues and trauma.

- Building Bridges Project (2022 23)

Funding employed to deliver the Building Better Opportunities Programme across Swindon and Wiltshire.

24

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24 31.3.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts and donations 11,069 8,270
Grants from statutory funders 481,270 75,000
Grants from trusts and foundations 97,400 39,394
Other grants 32,363 85,801
622,102 208,465
Fundraising and other charitable activities
Fundraising events 10,724 -
Primary purpose income 5,996 60
16,720 60
Investment income
Deposit account interest 7 -
Other income
Other income 64,687 -
Total incoming resources 703,516 208,525
EXPENDITURE
Raising donations and legacies
Wages 6,612 -
Fundraising costs 5,005 8,798
11,617 8,798
Charitable activities
Wages 215,614 163,697
Social security 14,678 10,321
Pensions 6,126 3,630
Subcontractors 20,412 -
Mobile phones 547 192
Project running costs 7,209 4,369
Project travel 2,945 2,638
External supervision and staff meetings 2,611 1,395
Small asset purchases 3,033 -
Staff training 9,903 3,947
Printing 1,242 -
Grants to partners 102,149 -
386,469 190,189

This page does not form part of the statutory financial statements

25

SWINDON MENTORING AND SELF HELP YOUTH PROJECT

Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24 31.3.23
£ £
Support costs
Management
Insurance 1,195 1,511
Telephone and broadband 1,034 1,217
Postage and stationery 620 147
Sundries 635 338
Website design 481 3,800
Subscriptions & memberships 223 598
Accommodation rental 6,510 6,445
IT support and software 4,356 1,750
Small asset purchases 585 593
Depreciation of tangible and heritage assets 2,035 1,962
Loss on sale of tangible fixed assets - 339
17,674 18,700
Finance
Bank charges 32 32
Human resources
Staff recruitment 63 129
DBS checks 36 66
Payroll and personnel support 2,177 1,317
2,276 1,512
Governance costs
Accountancy fees 868 552
Legal and professional fees 9,857 1,263
Other governance costs 147 211
10,872 2,026
Total resources expended 428,940 221,257
Net income/(expenditure) 274,576 (12,732)

This page does not form part of the statutory financial statements

26