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← Solent Youth Action

2024-03-31-accounts

COMPANY REGISTRATION NUMBER: 05307086

SOLENT YOUTH ACTION

(COMPANY LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS

31 MARCH 2024

Charity Number 1108361

The Granary Hones Yard Waverley Lane Farnham Surrey GUS 8BB

SOLENT YOUTH ACTION

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

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||||||| |---|---|---|---|---|---| |CONTENTS|PAGE| |Trustees Annual|Report|1to8| |Independent|examiner's|report to the|members|9| |Statement|of Financial|Activities|10| |Balance|sheet|i1| |Notes to the|financial|statements|12|to|20|

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SOLENT YOUTH ACTION

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name

Solent Youth Action (SYA)

Charity registration number

1108361

Company registration number 05307086

Registered office 12 Romsey Road Eastleigh Hampshire S050 SAL

THE TRUSTEES

The Directors of the charitable company (the charity) are its Trustees for the purpose of charity law and throughout this report are referred to collectively as the Trustees. The Trustees serving during the period and since the end of the period were as follows:

Harriet Chapman Chair Dale Lane Deputy Chair Alex Houghton Treasurer Samuel Holah Joanne Petty (appointed 4 May 2023) Marley Guthrie (resigned 4 May 2023)

Company Secretary

Kailea Hurcombe

independent Examiner

Mr S. P. F. Howell FCCA TC Group The Granary Hones Yard Waverley Lane Farnham Surrey GUS 8BB

Bankers

Lloyds Bank plc 36 Market Street

Eastleigh Hampshire $050 9YT

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SOLENT YOUTH ACTION

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

The trustees (who are also directors of the charity for the purposes of the Companies Act 2006 and are collectively known as the Management Committee), present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ (FRS102) in preparing the annual report and financial statements of the charitable company. The financial statements comply with current statutory requirements and the Articles of Association.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a company limited by guarantee and is a registered charity, which was founded on 7 December 2004. It is governed by its Memorandum and Articles of Association dated 7 December 2004, and subsequent amendments on 7 February 2005 and 31 July 2009. This amendment allows SYA to extend our work into social and other activities and in new geographies.

Recruitment and Appointment of new Trustees

The Management committee of the charity has this year had 5 members in total, with each one bringing transferable skills from their roles outside of the charity. Trustees have brought knowledge and experience from the fields of finance, politics, HR, mental health, IT and the armed forces, and have supported the charity through ongoing challenges resulting from the cost-of-living crisis.

All members of the Management Committee give their time voluntarily and receive no benefits from the charity.

Induction and Training of new Trustees

When someone expresses an interest in becoming a trustee for SYA they begin with a pack introducing them to the work that SYA does, and a meeting with the Chief Executive Officer (CEO), to find out more about SYA does and how we operate, as well as what the role of a Trustee involves. Interested candidates are then invited to attend a management committee meeting to experience the way the board manages the operation. Upon attendance at three management committee meetings, a new candidate can be voted onto the board.

The board are continually looking for new people to join the board, especially anyone who brings a new skill-set.

Organisational Structure

The trustees meet at least every 6 weeks and use email and other messaging platforms to stay in touch and up to date between meetings. The CEO meets with the Board at these meetings in her position as CEO and company secretary, providing operational updates and assisting the board on matters of governance. A scheme of delegation is in place and day-to-day responsibility for the provision of the services rest with the CEO. The CEO is responsible for ensuring that the charity has financial longevity, delivers the services specified, the objectives of the charity are met, and supports the Youth Liaison Manager in their role of managing the team of Youth Support Workers and volunteers.

Risk Management

The trustees have a duty to identify and review risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees have carried out an assessment of potential risks and have documented this in a risk register, which is regularly reviewed.

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SOLENT YOUTH ACTION

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Risk Management (continued)

The greatest risk posed to SYA is funding, especially as we navigate through the cost-of-living crisis. Many funding streams we relied on in the past are no longer available due to reduced financial resources available to them, and the unrelenting financial and economic pressure across the entire charitable sector means we are competing for grants that much larger and better resourced charities are applying for also. When our Youth Diversity Officer left the charity in April, we chose not to rerecruit to preserve our finances for the year, instead increasing the hours the CEO works. The work done by the CEO in the previous financial year meant that we were able to secure multiple year funding from several grant-giving organisations and the local authority. This has allowed the CEO to help with some of the day-to-day activities without it being to the immediate detriment of the charity, whilst also allowing her to strategize at grass roots level how the services can grow in response to the needs of the young people we serve and how we finance this.

The Routes Skills centre, our youth-led initiative that we run in partnership with Edmonds Learning and Development, has been an invaluable source for our corporate partners to volunteer their time at and donate funds towards, whilst also providing an office space at no cost, saving us thousands of poundsa year.

As such, despite the risks we still consider SYA to be a going concern, continuing to seek ways to make our projects more financially sustainable and raising our profile to secure further corporate partners and sponsorship opportunities, which this year has included us being the chosen charity for the Bigbursfest Music festival.

We are registered with HMRC to claim Gift Aid through donations, are registered with Paypal Giving which enables us to gain donations through Facebook fundraisers and simple ‘donate’ platforms, and we were registered with Amazon Smile, which until recently paid a percentage towards the charity for each purchase made (this donation platform no longer exists).

We continue to closely watch our spending through regular budget reviews and using a cloud-based accounting system to ensure we always havea clear financial picture.

Objectives & Activities

Solent Youth Action (SYA) empowers disadvantaged young people aged 10 to 25 to develop as individuals and enjoy new challenges through volunteering, social action and active citizenship whilst making a positive contribution to their community. We do this by providing young people with access to good quality volunteering and social opportunities, supporting them to realise their own projects and ideas as they navigate through childhood into adulthood.

SYA meets its aim through focusing its work on engaging young people in initiatives that address community needs and, in benefiting others, provide them with a sense of citizenship and community responsibility. Our work is focused in Eastleigh, but we support young people across Hampshire. We have a high local profile; recognised as a credible voice for youth in the third sector and for our activities within the community. Our activities prepare young people for adulthood, consistently supporting them through the many transitions they experience between the ages of 10 and 25. We merge social activities, social action and informal education, providing a holistic approach to enable better outcomes for young people emotionally, socially and economically so that they can progress.

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SOLENT YOUTH ACTION

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Objectives & activities (continued)

It is our ethos to encourage the involvement of young people from all sections of the community (especially those who are at risk of social exclusion) and ensure that all have equal and equitable opportunity to participate regardless of gender, religious and ethnic background, disability or sexual preference (or any other factor that may result in discrimination and prejudice).

Objectives for the financial year to 31 March 2024:

To ensure the continued progress of Solent Youth Action over the short and medium term, the following goals for the future were identified for the financial year ending 31 March 2024 to build on the strengths of Solent Youth Action and take advantage of the opportunities available:

e Develop our reputation in the sector of youth provision.

SYA has developed a consistently strong reputation for service delivery, and this continues to grow. Our CEO is the representative for all youth within the third sector on the Hampshire Safeguarding Children’s Partnership, acting as the advocate for all young people who engage in non-statutory provision.

e Develop our collaboration with stakeholders and partners

We recognise the importance of working pro-actively and constructively with partner organisations and stakeholders. We have continued to strengthen and develop our relationship with our stakeholders, increasing their understanding of, and involvement in the work of SYA.

SYA has a strong history of developing innovative projects for young people, and our development of the Routes Skills Centre during this financial year has provided numerous opportunities for young people as well as our charity to develop.

e Volunteers

SYA is fortunate to receive help from a number of volunteers, without whom our services would lack the care and value that they currently provide to the young people we support. We are dedicated to providing volunteer opportunities for young people we have supported in the past through projects, with many progressing into paid roles within our charity.

Achievements and Performance

This financial year Solent Youth Action supported approximately 82 young people on a weekly basis through our various projects and schemes, and this year has supported over 310 young people. These young people all require the support and skills of our volunteers and staff to engage in positive activities, and this year in particular, have required significant interventions due to the multiple challenges each young person faces.

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SOLENT YOUTH ACTION

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Achievements and Performance (continued)

Our supported youth clubs provide a safe place for young people with additional needs to develop friendships and have fun. SLAMS & J’s have been running successfully for over a decade, and our Additional Needs Young Carers Club (ANY Club) is a specialist provision for young carers who are unable to access other young carers provision because of their needs or behaviours. In total 46 different young people attended the 3 different youth clubs. All clubs provide the consistency that young people with complex needs require to maintain their emotional well-being, and this is extended to our Holiday scheme, which provides engaging activities to our 86 members of these schemes during school holidays. We ran both club based and trip sessions, taking young people out for the entire day to Avon Tyrrell Outdoor Adventure Centre (thanks to funding from UK Youth), Arundel Castle to watch Jousting tournaments and Exbury Gardens. 40 different young people took part in these activities, which provided respite for families during the many school holidays as well as an opportunity for young people to improve their social skills, confidence, and self-esteem.

Our supported volunteering site provides young people with mental health issues, learning disabilities and those that are long term disengaged with a positive outlet in a nurturing outdoor environment. The Routes Skills centre, which was created in partnership with Eastleigh Borough Council and Edmonds Learning and Development, has seen an increase in the number of young people accessing the site and gaining qualifications, with 32 young people achieving a qualification in construction this year.

Alongside the activities we ran for young people at the Routes, we also ran 10 adult volunteer sessions, with over 50 different adult volunteers giving their time to help improve the site. Activities included building an outdoor kitchen structure with employees from Ridge, raised beds and site maintenance with employees and partners of Womble Bond and Dickenson, as well as groundwork and clearance from adults completing their community payback as part of the adult probation service. We also had Mural 23 work alongside our young people to design and paint our office container on site, which now displays a kingfisher, graffiti tree and sunflower.

Working directly with Deer Park School in Botley (a new school with an exceptionally large number of children with Education and Health Care Plans and additional needs), we delivered face to face workshops to 40 different young people aged 11-16. These are especially vulnerable young people who are in jeopardy of engaging in high-risk behaviours such as drug taking and selling, underage sexual activities, criminal behaviour and are at the greatest risk of mental health issues, exploitation, and abuse. Workshops included subjects such as knife crime and county lines (when gangs and organised crime networks groom and exploit children to sell drugs), sexual health and relationships, online exploitation, aspirations and anger management. We also worked with students to contribute to the #Beewell initiative, which is a nationwide project to develop better mental health provisions within schools across the UK.

Our Community Buddies scheme which sends youth workers out with vulnerable and isolated young people to support them to engage in social activities within their community continues to be in high demand and is our only project that operates a waiting list. In total we directly supported 11 very vulnerable young people through this scheme and continue to see the need for buddies increase as we move into the next financial year.

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SOLENT YOUTH ACTION

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Achievements and Performance (continued)

In addition to our core projects, we also ran a project to support young people and their families to navigate the cost-of-living crisis. Between January and March, we ran a cook along and food delivery project, Solent Food Action, which we originally created during the Covid-19 pandemic during the winter lockdown. We worked with 20 families over 2 months, reaching 78 individuals (48 of them children and young people), providing the means for them to cook healthy alternatives to their favourite meals. In addition, we provided each household Happy Kits, which we have distributed to hundreds of individuals since their inception, as well as vouchers for supermarkets to help alleviate the impact of the increase in the cost of basic food items. We were also part of the annual Eastleigh Youth Conference, which we have been involved in for the past 9 years. Here we worked with 80 young people from across the Eastleigh Borough, delivering workshops on food and mood.

Financial Review

The Management Committee has reviewed the reserves policy of Solent Youth Action in accordance with the guidelines issued by the Charity Commission.

It is the trustees’ policy to maintain an unrestricted reserve sufficient to cover three months of operating expenses. Given the pandemic and the financial complications that have occurred in previous financial years, the trustees agree that adding to our reserves to enable financial security during unprecedented times needs to be considered, but not at the expense of developing services. Three months of operating expenditure is considered prudent (given the need to cover fluctuations in income) whilst taking into account the aims of the charity.

The majority of the activities of Solent Youth Action are funded by grants and donations. During the year ending 31 March 2024, we are grateful to the following sources of funding:

Thanks to the awards of these grants and kind donations, we have been able to continue to support the most vulnerable young people within our community.

Treasurers’ report The year ending 31st March 2024 was the nineteenth full year of operation for Solent Youth Action as an independent charity.

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SOLENT YOUTH ACTION

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

Treasurers’ report (continued)

We have generated incoming resources of £101,090, of which voluntary income amounts to £31,359 and resources from charitable activities of £69,731. The distribution of our total funds in the year was £4,004 from restricted funds as set out in the Statement of Financial Activities on page 10 and accompanying notes.

Members of the Management Committee

Members of the Management Committee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.

The Management Committee is responsible for maintaining 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. The Management Committee is 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.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of SYA for the purposes of company law) are responsible for preparing the Trustees Annual Report 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 year. In preparing these financial statements, the trustees are required to:

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

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SOLENT YOUTH ACTION

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MARCH 2024

INDEPENDENT EXAMINER

At the Board Meeting to be held a resolution will be proposed to re-appoint Mr Simon Howell of TC Group, The Granary, Hones Yard, Waverley Lane, Farnham, GU9 8BB as Independent Examiner for the year ending 31 March 2025.

Registered office:

Signed by order of the trustees

12 Romsey Road Eastleigh Hampshire $050 9AL

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HARRIET CHAPMAN Chair of Trustees Date: Jélor [1624

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF SOLENT YOUTH ACTION A CHARITABLE COMPANY LIMITED BY GUARANTEE

YEAR ENDED 31 MARCH 2024

| report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024, which are set out on pages 10 to 20.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity trustees of the company (and also its directors for the purpose 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, | report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  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

  3. 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)].

| 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.

Simon Howell FCCA TC Group The Granary Hones Yard Waverley Lane Farnham Surrey GU9 8BB

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SOLENT YOUTH ACTION

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2024

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||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Restricted|TotalFunds|Total|Funds| |Funds|Funds|2024|2023| |Note|£|£|£|£| |INCOME AND|ENDOWMENTS|FROM| |Incoming resources from generated| |funds:| |Donations and|legacies|2|30,669|-|30,669|37,966| |Investment income|3|685|-|685|108| |Incoming|resources from|charitable| |activities|4| |Encouraging youth|led|volunteering|projects|5|69,731|69,736|53,889| |TOTAL INCOMING|RESOURCES|31,359|69,731|101,090|91,963| |EXPENDITURE|ON| |Charitable|activities|5| |Encouraging youth|led volunteering|projects|(14,271)|(83,497)|(97,768)|(103,949)| |TOTAL RESOURCES|EXPENDED|(14,271)|(83,497)|(97,768)|(103,949)| |NET (EXPENDITURE)/INCOME|FOR THE| |YEAR|17,088|(13,766)|3,322|(11,986)| |Transfer|between|funds|(9,762)|9,762|-|-| |NET (OUTGOING)/INCOMING|RESOURCES| |FOR THE YEAR|7,326|(4,004)|3,322|(11,986)| |RECONCILIATION|OF|FUNDS| |Total funds|brought forward|53,266|4,004|57,270|69,256| |TOTAL FUNDS|CARRIED FORWARD|60,592|-|60,592|57,270|

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

All of the above amounts relate to continuing activities.

The notes on pages 12 to 20 form part of these financial statements.

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SOLENT YOUTH ACTION

BALANCE SHEET

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||||||||| |---|---|---|---|---|---|---|---| |31|MARCH|2024| |Note|2024|2023| |£|=| |FIXED ASSETS| |Tangible|assets|10|2,630|3,507| |CURRENT ASSETS| |Debtors|11|3,354|3,136| |Cash|at|bank|and|in|hand|75,744|62,182| |79,098|65,318| |CREDITORS: Amounts falling due within one year|12|(21,136)|(11,555)| |NET CURRENT ASSETS|57,962|53,763| |TOTAL ASSETS|LESS CURRENT|LIABILITIES|60,592|57,270| |NET ASSETS|60,592|57,270| |FUNDS| |Restricted|funds|14|-|4,004| |Unrestricted|funds|13|60,592|53,266| |TOTAL FUNDS|60,592|57,270|

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For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006. No members have required the company to obtain an audit of the accounts for the period in question in accordance with section 476. The trustees acknowledge their responsibility for:

Trustee

Company Registration Number: 05307086

The notes on pages 12 to 20 form part of these financial statements.

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SOLENT YOUTH ACTION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Accounting convention

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 (FRS 102) (issued in October 2019) — (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charitable company and rounded to the nearest £.

Solent Youth Action meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Incoming resources

Voluntary income including donations, gifts and legacies and grants that provide core funding or are of general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:

Investment income is recognised on a receivable basis.

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific conditions is recognised as earned (as related goods and services are provided). Grant income included in this category provides funding to support activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Volunteers and donated services

The value of services provided by volunteers is not incorporated into these financial statements.

Where goods or services are provided to the charity as a donation that would normally be purchased from suppliers, these contributions are included in the financial statements at an estimate based on the value of the contribution to the charity.

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SOLENT YOUTH ACTION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES (continued)

Resources expended

Expenditure is recognised whena liability is incurred. Contractual arrangements are recognised as goods or services are supplied.

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.

irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixture and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance

Individual fixed assets costing £500 or more are capitalised at cost.

Financial instruments

The charitable company 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 the charitable company’s balance sheet when the charitable company 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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SOLENT YOUTH ACTION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, 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 receipts 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.

Taxation

As a charity the organisation is exempt from corporation tax on its 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 of financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the statement of financial activities on a straight line basis over the period of the lease.

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.

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SOLENT YOUTH ACTION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

2. VOLUNTARY INCOME

Unrestricted Total Funds Total Funds
Funds 2024 2023
£ £ £
Donations
Donations 30,669 30,669 37,966

3. INVESTMENT INCOME

Unrestricted Total Funds Total Funds
Funds 2024 2023
£ £ £
Bankdeposit account interest 685 685 108
INCOMING RESOURCESFROM CHARITABLE ACTIVITIES
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
Encouragingyouth led volunteering
projects: £ £ £ £
Grants “ 69,731 69,731 53,464
Other income - - - 320
Projects 5 - 5 105
5 69,731 69,736 53,889

4. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

Grants were received in the year from sources including Hampshire County Council, Hampshire and Isle of Wight Community Foundation, National Lottery, Screwfix Foundation, UK Youth Fund, Tweed Family Charitable Foundation and BBC Children In Need.

Income from charitable activities was £69,736 (2023 - £53,889) of which £69,731 (2023 - £53,464) was attributable to restricted and £5 (2023 - £425) was attributable to unrestricted funds.

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SOLENT YOUTH ACTION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

5. COSTS OF CHARITABLE ACTIVITIES

Support Total Funds Total Funds
Direct Costs Costs 2024 2023
£ £ £ £
Staff costs 63,836 . 63,836 70,832
Employers national insurance 480 - 480 423
Employers pensions 2,636 - 2,636 3,193
Rent 352 > 352 -
Stafftravel 3,299 - 3,299 3,189
Stafftraining 129 > 129 143
Volunteerexpenses - 3,581 3,581 1,805
Equipment 8,235 - 8,235 6,675
Bankcharges - 64 64 -
Insurance - 988 988 1,137
CRB checks 129 - 129 62
IT support and software - 927 927 878
Telephone . 1,624 1,624 1,350
Premises costs - 2,969 2,969 5,834
Room hire 4,401 - 4,401 3,870
Printing, postage and stationery - 416 416 1,271
Depreciation - 877 877 613
Accountancy fees - 767 767 748
Governance costs 6 - 2,058 2,058 1,926
83,497 14,271 97,768 103,949

Expenditure on charitable activities was £97,768 (2023 - £103,949) of which £83,497 (2023 - £88,328) was attributable to restricted and £14,271 (2022 - £15,621) was attributable to unrestricted funds.

  1. GOVERNANCE COSTS
2024 2023
£ £
Management committee costs 258 126
Independent Examination fee 1,800 1,800
2,058 1,926

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SOLENT YOUTH ACTION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

7. NET (OUTGOING)/INCOMING RESOURCES

Net resources are stated after charging/(crediting):

2024 2023
£ £
Depreciation 877 613
Independent Examination fee 1,800 1,800
  1. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 March 2024 (2023 — £nil).

Trustees’ Expenses

During the year no trustees (2023 - nil) were reimbursed for out of pocket expenses for travelling totalling £nil (2023 - £nil).

9. STAFF COSTS AND EMOLUMENTS PARTICULARS OF EMPLOYEES

Total staff costs were as follows:

Total staff costs werecosts werewere as follows:
2024 2023
£ £
Wages and salaries 63,836 70,773
Social security costs 480 423
Pension costs 2,636 3,193
66,952 74,389

Particulars of employees:

The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows:

2024 2023
No. No.
9 10

No employee received remuneration of more than £60,000 during the year (2023 - None).

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SOLENT YOUTH ACTION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

10. TANGIBLE FIXED ASSETS

Fixtures and Fixtures and Computer
fittings equipment Total
£ £ £
COST
At 1 April 2023 5,968 7,309 13,277
Additions - - -
At31March 2024 5,968 7,309 13,277
DEPRECIATION
At 1 April 2023 2,511 7,259 9,770
Charge fortheyear 864 13 877
At31 March 2024 3,375 7,272 10,647
NET BOOKVALUE
At31 March2024 2,593 37 2,630
At31 March 2023 3,457 50 3,507
11. DEBTORS
2024 2023
£ £
Trade debtors including grants due 2,953 519
Prepayments and accrued income 401 2,617
3,354 3,136
12. CREDITORS: Amountsfallingduewithinoneyear year
2024 2023
£ £
Trade creditors - 156
Social securityand othertaxes 1,891 1,541
Accruals and deferred income 19,245 9,858
21,136 11,555
13. ANALYSISOF MOVEMENTS IN UNRESTRICTED FUNDS
Balance at
Balance at Incoming Outgoing Transfers 31 Mar
1Apr2023 2023 resources resources 2024
£ £ £ £ £
GeneralFund 53,266 31,359 (14,271) (9,762) 60,592

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SOLENT YOUTH ACTION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

13. ANALYSIS OF MOVEMENTS IN UNRESTRICTED FUNDS (continued)

ANALYSIS OF MOVEMENTS IN UNRESTRICTED FUNDS — Previous year

Balance at
Balanceat at Incoming Outgoing Transfers 31Mar
1Apr2022 resources resources 2023
£ £ £ £ £
General Fund 62,789 38,499 (15,621) (32,401) 53,266
14. ANALYSISOF MOVEMENTS IN RESTRICTED FUNDS
Balance at
Balanceat at Incoming Outgoing Transfers 31Mar
1Apr2023 resources resources 2024
£ £ £ £ £
Slams 4,004 9,825 (15,661) 1,832 -
Tweed Family Charitable
Trust - 8,126 (9,202) 1,076 -
HIWCF - 7,662 (8,677) 1,015 -
National Lottery - 10,071 (11,405) 1,334 -
Hampshire County Council - 19,880 (22,512) 2,632 -
Screwfix Foundation - 5,000 (5,662) 662 -
UKYouth Foundation - 6,667 (7,550) 883 -
UnitedWay - 1,500 (1,699) 199 -
Anton Jurgens Charitable
Trust - 1,000 (1,129) 129 -
4,004 69,731 (83,497) 9,762 -
ANALYSISOFMOVEMENTS IN RESTRICTED FUNDS—Previous year
Balance at
Balance at Incoming Outgoing Transfers 31Mar
1Apr2022 resources resources 2023
£ £ £ £ £
Slams 4,004 9,689 (15,302) 5,613 4,004
Sovereign Housing
Association - 8,412 (13,285) 4,873 -
HIWCF - 5,950 (9,396) 3,446 -
Albert HuntTrust - 2,000 (3,159) 1,159 -
Hampshire CountyCouncil - 19,600 (30,955) 11,355 ~
HenrySmith Charity 2,463 2,463 (7,780) 2,854 -
Hendy Foundation - 2,350 (3,711) 1,361 -
The Leathersellers’
Foundation - 3,000 (4,740) 1,740 +
6,467 53,464 (88,328) 32,401 4,004

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SOLENT YOUTH ACTION

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

15. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted 2024
Funds Funds Total Funds
£ £ pA
Fixed assets 2,630 - 2,630
Currentassets 3,354 - 3,354
Cash at bank 60,247 15,497 75,744
Current Liabilities (5,639) (15,497) (21,136)
60,592 . 60,592
ANALYSISOF NETASSETS BETWEEN FUNDS -—Previous year
Unrestricted Restricted 2023
Funds Funds Total Funds
£ £ £
Fixed assets 3,507 - 3,507
Current assets 3,136 - 3,136
Cash atbank 58,178 4,004 62,182
Current Liabilities (11,555) - (11,555)
53,266 4,004 57,270

ANALYSIS OF NET ASSETS BETWEEN FUNDS -— Previous year

16. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year (2023 — nil).

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a