COMPANY REGISTRATION NUMBER: 05307086 SOLENT YOUTH AcfioN (COMPANY UMITED BY GUARANTEE) FINANCIAL STATEMENTS 31 MARCH 2025 Charity Number 1108361 BUSINESS ADVISORS &ACCOUNTA¥TS The Granary Hones Yard Waverley Lane Farnham Surrey GU9 8BB
SOLENT YOUTH AcfioN FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Trustees Annual Report Ito7 Independent examiner's report to the member5 Statement of Financial Activities Balance sheet io Notes to the financial statements Ilto19
SOLENT YOUTH ACTION TrUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 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 9AL THE TRUSTEES The Directors of the charitable company {the charity) are its Trustees for the purpose of charity law and throughout thi5 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 Dale Lane Alex Houghton Samuel Holah Joanne Petty Chair Deputy Chair Treasurer Company Secretary Kailea Hurcombe Independent Examiner Mr S. P. F. Howell FCCA TC Group The Granary Hones Yard Waverley Lane Farnham Surrey GU9 8BB Bankers Lloyds Bank plc 36 Market Street Eastleigh Hampshire S050 9Yr
SOLENT YOUTH AcfioN TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 The trustees {who are also director5 of the charityfor 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 2025. The trustees have adopted the provisions of the Statement of Recommended Practice {SORP) 'Accounting and Reporting by Charities, IFR5102) 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. STRucfuRE, 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. The most recent amendment5 enabled SYA to broaden its activities into new social initiatives and geographical areas, reflecting the chariws evolving focus. Recruitment and Appointment of Trustees During the year, the Management Committee comprised five trustees, each bringing valuable expertise and professional experience from a range of sectors, including finance, politics, human resources, mental health, IT, and youth services. Their combined skills have continued to strengthen the charitvs strategic direction and ability to respond to ongoing challenges, particularly those arising from the cost-of-living crisis which continues to impact both the charity and the community it serves. All members of the Management Committee give their time voluntarily and receive no benefits from the charity. Induction and Training of new Trustees Prospective trustees are introduced to SYA through an induction pack outlining the charity's aims, structure, and activities. This is followed by a meeting with the Chief Executtve Officer ICEOI to discuss the organisation's operations and the responsibilities of trusteeship. Candidates are invited to attend Management Committee meetings to observe governance in practice. Afterattending three meetings, individuals may be formally nominated and voted onto the board. The board remains committed to broadening its membership and welcomes new trustees who can contribute fresh perspectives and skills. Organisational Structure The trustees meet at least every six weeks, maintaining regular communication between meetings via email and messaging platforms. The CEO attends trustee meetings in her role as both CEO and Company Secretary, providing operational and strategic updates and supporting governance processes. Operational responsibility for service delivery rests with the CEO, who ensures the charity's financial sustainability, oversees project delivery by the Senior Youth Support worker, and supports the Youth Liaison Manager in managing staff and volunteers. A formal scheme of delegation is in place to ensure effective and transparent decision-making.
SOLENT YOUTH AcfioN TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Risk Management The trustees recognise their duty to identify, assess, and manage the key risks facing the charity- A comprehensive risk register is maintained and reviewed regularly, with controls and procedures in place to mitigate risks and provide reasonable assurance against fraud, financial loss, and operational error. The most significant ongoing risk for SYA remains the challenge of securing sustainable funding, particularly as the cost-of-living crisis continues to impact both our beneficiaries and the wider charitable sector. Many of the funding sources that previously supported our work have reduced or closed due to financial constraints, while competition for grants has intensified as larger, better- resourced organisations also seek the same limited opportunitie5. As several of our multi-year grants reached their conclusion. the trustees made a strategic decision to Strengthen the team's capacity by appointing a Senior Youth Support Worker. This role has allowed the CEO to step back from day-to-day delivery and focus on strategic development, cultivating corporate partnerships, and pursuing new funding opportunities to meet the growing demand for our services. Although this expansion has required drawing on our financial reserves, it represents a planned investment in the organisation's future stability and growth. Our Routes Skills Centre, a youth-led initiative delivered in partnership with Edmonds Learning and Development, continues to play a central role in our operations. It not only offers meaningful engagement opportunities for our corporate partners through volunteering and financial support, but also provides SYA with affordable office space, significantly reducing our overheads each year. This year, we also made the decision to relinquish our charity allotment. While it was not a major financial commitment, maintaining it was beginning to stretch our limited staff and volunteer resources, and the change allows us to refocus on activities With greater impact. Despite the challenging financial landscape, the trustees are confident that SYA remains a going concern. The charity continues to seek ways to enhance the sustainability of its projects, strengthen its corporate relationships, and increase its visibility among potential supporters. We were proud to be selected as Rathbones, Charity of the Year and delighted to have been chosen as Deloitte's nominated charity for the next three years, both of which will provide valuable partnership and fundraising opportunities. SYA is registered with HMRC to claim Gift Aid on eligible donations and is also registered with PayPal Giving and JustGiving, allowing supporters to contribute through online fundraising and social media donation platforms. To ensure sound financial management, we continue to monitor expenditure carefully through regular budget reviews and the use of a cloud-based accounting system, providing the trustees with real-time oversight of the charit5 financial position. Objectives & Activities Solent Youth Action {SYA} is a Hampshire-based charity supporting vulnerable and disengaged young people aged 10-25. Our beneficiaries include those with disabilities, learning difficulties, mental health issues, and neurodivergent conditions, as well as young carers, those displaying challenging behaviours, and young people at risk of criminal, sexual, or extremist exploitation. While our base is in Eastleigh, we work with young people across the wider Hampshire area.
SOLENT YOUTH AcfioN TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Objectives & Activities {continuedJ Our mission is to improve the social, emotional, and economic outcomes of these young people by reducing isolation, building confidence and resilience, and equipping them with the skills and self- belief needed to thrive in adulthood. We aim to remove the barriers that prevent young people from realising their potential, helping them develop stronger relationships, better emotional wellbeing, and greater independence. We deliver a wide range of projects and direct support, including youth clubs, holiday schemes, supported volunteering, life skills workshops, one-to-one community buddying, and family advocacy. Activities run five days a week, including evening and weekend sessions, ensuring consistent and accessible provision. SYA is committed to inclusivity and equality of opportunity. Our ethos is to involve young people from all backgrounds, especially those at risk of exclusion, and to ensure participation is free from discrimination on the basis of gender, ethnicity. religion, disability, sexual orientation, or any other characteristic. Objectives for the financial yearto 31 March 2025: To build on our strengths and ensure the continued development of SYA. the trustees identified the following key objectives for the year: Enhance our reputation within the youth sector SYA continues to build a strong reputation for quality service delivery. Our CEO represents the youth sector within the Hampshire Safeguarding Children's Partnership, advocating for young people engaged in non-statutory provision, and also serves as the third-sector representative on the Local Area Partnership Board. Strengthen collaboration with stakeholders and partners We recognise that partnership working is vital to achieving positive outcomes. This year we have further developed relationships with key partners and stakeholder5, increasing understanding of our work and encouraging deeper involvement in our programmes. Develop innovative approache5 to emerging youth issues SYA has a proud history of creativity in youth engagement. The Routes Skills Centre continue5 to provide new opportunities for young people to learn, connect, and contribute, while supporting the ongoing growth of the charity. Our youth club, ANY Club, has increased from fortnightly to weekly to accommodate the huge surge in referrals to our service5 following the increase in diagnoses of Neurodivergence amongst young people within the Eastleigh Borough. Support and value our volunteers Volunteers remain central to ourwork. adding depth and personal connection to our services. Many young people who have benefited from SYA projects return as volunteers, with some progressing into paid roles within the organisation, demonstrating our commitment to nurturing personal grovrth and opportunity.
SOLENT YOUTH AcfioN TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Achievements and Performance The 2024-25 financial year has been one of exceptional growth and impact for Solent Youth Action. Over the course of the year, we have supported more than 1,000 young people, a dramatic increase from previous years. On a weekly basis, over 90 young people engaged with our ongoing projects and programme5. Each of these young people faces complex and varied challenges, and the dedication of our staff and volunteers has been crucial in helping them to access positive, life-enhancing opportunities. Our supported youth clubs continue to be a cornerstone of our work, providing safe, inclusive spaces where young people with additional needs can make friends, develop social skills, and build confidence. Both SLAMS and J's Youth Clubs have been running successfully for over a decade, and this year saw further expansion of our Additional Needs Youth Club {fomerly the Additional Needs Young Carer5 Club}, which increased from fortnightly to weekly sessions in response to rising demand. This development has allowed us to reach more young people in Ea5tleigh, offering the routine and Structure that are vital for maintaining their emotional wellbeing. Our holiday schemes extended this consistency into school breaks, offering a rich programme of club- based activities and full-day excursions. We delivered trips to destinations such as Avon Tyrrell Outdoor Adventure Centre (thanks to 5UPPOrt from UK Youth for the second year running), Arundel Castle's annual jousting tournament, and the New Forest Wildlife Park. These experiences provided both respite for families and valuable opportunities for young people to develop independence, confidence, and social skills. The Routes Skills Centre. developed in partnership with Eastleigh Borough Council and Edmonds Learning and Development, continues to thrive as a youth-led supported volunteering site. It provides a nurturing outdoor space where young people with learning disabilities, mental health challenges, and those at risk of exploitation can build confidence, gain qualifications, and contribute meaningfully to their community. The site has seen a steady rise in participation, with increasing numbers of young people and volunteers actively involved in maintaining and developing the space. We have also continued to engage our corporate partners through volunteer initiatives. Notably, over 30 volunteers from Womble Bond Dickinson joined us this year to assist with site maintenance and the clearance of our charity allotment, demonstrating the power of corporate engagement in supporting our mission and community work. Our partnership with Deer Park School in Botley has been another key area of growth. Through weekly workshops, one-to-one mentoring, and school assemblies, we have supported some of the most vulnerable students, including those at risk of criminal behaviour, exploitation, and poor mental health outcomes. Workshops have addressed critical topics including knife crime, county lines, sexual health and relationships, online safety. aspirations, and anger management. Assemblies on drugs, hormonal changes, and Al versus reality on social media have also sparked valuable discussions and awareness among students. Meanwhile, our Community Buddies Scheme remains one of SYA'S most in-demand services. The scheme matches youth workers with vulnerable and isolated young people, supporting them to re- engage with their communities and build social confidence. Each pairing is carefully and individually matched to ensure long-term success, meaning that while demand and waiting lists remain high, outcomes are consistently positive and transformative for the young people involved.
SOLENT YOUTH AcfioN TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Financial Review The Management Committee has reviewed the resenies 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 trustee5 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 month5 Of operating expenditure 15 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 2025, we are exceptionally grateful to the following sources of funding: Children In Need Hampshire Countycouncil The Tweed Family Foundation UK Youth Cost of Living UK Youth Adventures Away Places for People HAF George Balint Charitable Trust Groundwork The National Lottery The Hampshire and IOW Community Foundation Connecting Communities Fund The Hampshire and IOW Community Foundation Ford Fund Ben Rayner Sponsored Eastleigh Iok Kailea Hurcombe Sponsored Southampton Marathon Rathbones Other income from donations, subscriptions and fundraising 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 2025 was the eighteenth full year of operation for Solent Youth Action as an independent charity. We have generated incoming resources of £94,305, of which voluntary income amounts to £29,739 and resources from charitable activities of £64,566. The distribution of our total funds in the year was £16,982 of unrestricted funds as set out in the Statement of Financial Activitie5 on page 10 and accompanying notes. Members ofthe 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 senied during the year and up to the date of this report are set out on page l.
SOLENT YOUTH AcfioN TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 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 lawl 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: select Suitable accounting policies and then apply them consistently; obseNe the methods and principles in the Charities SORP 2019 IFR5102) make judgement5 and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. 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 step5 for the prevention and detection of fraud and other irregularities. 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 2026. Registered office: Signed by order of the trustees 12 Romsey Road Eastleigh Hampshire S050 9AL HARRIET CHAPMAN Chair of Trustees 2& 111 /'45 Date:
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF SOLENT YOUTH AcfioN A CHARITABLE COMPANY LIMITED BY GUARANTEE YEAR ENDED 31 MARCH 2025 I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025, 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 forthe purpose of company law) you are responsible forthe preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. 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 companvs accounts as carried out under section 145 of the Charities Act 20111'the 2011 AcV}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5)Ibl 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: accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or the account5 do not accord with those records; or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the account5 give a 'true and fair view, which is not a matter considered as part of an independent examination; or 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 lapplicable 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. Simon Howell FCCA TC Group The Granary Honesyard Waverley Lane Farnham Surrey GU9 8BB
SOLENT YOUTH AcfioN STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2025 Unrestricted Funds Restrirted Totsl Funds Funds 2025 Total Funds 2024 Note INCOME AND ENDOWMENTS FROM Incoming resources from generated funds". Donation5 and legacies Investment income Incoming resources from charitable activities Encouraging youth led volunteering projects 28,943 777 28.943 777 30,669 685 19 64,566 64,585 69,736 TOTAL INCOMING RESOURCES 29,739 64,566 94,305 101,090 EXPENDITURE ON Charitable activities Encouraging youth led volunteering projects (12.252) (99,035) 1111.287) (97,768) TOTAL RESOURCES EXPENDED (12.252) {99,035) (111,287) 197,768) NET (EXPENDITURE)/INCOME FOR THE YEAR Transfer between funds 17.487 (34,469) (34.469) 34,469 (16.982) 3,322 NEf IOUTGOING)/INCOMING RESOURCES FOR THE YEAR (16.982) (16.982) 3,322 RECONCILIATION OF FUNDS Total funds brought forward 60,592 60,592 57,270 TOTAL FUNDS CARRIED FORWARD 43,610 43,610 60,592 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 pa8es 11 to 19 forrn part of these finanaal statements.
SOLENT YOUTH AcfioN BALANCE SHEEr 31 MARCH 2025 Note 2025 2024 FIXED ASSETS Tangible assets io 1.973 2,630 CURRENT ASSErs Debtors Cash at bank and in hand li 7,632 44,283 3,354 75,744 51,915 79,098 CREDITORS: Amounts falling due within one year 12 {10,278) 121,1361 NEf CURRENT ASSEf5 41,637 57,962 TOTAL ASSEfs LESS CURRENT LIABILITIES 43,610 60,592 NEf ASSETS 43,610 60,592 FUNDS Restricted funds Unrestricted funds 14 43,610 60,592 TOTAL FUNDS 43,610 60,592 For the year ended 31 March 2025 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: ensuring the company keeps accounting records which comply with sections 386 and 387 of the Companies Act 2006; preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial period, and of its income and expenditure for that financial period in accordance with sections 394 and 395, and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company These financial statements were approved bythe board of trustees on the .. are signed on their behalf by: .and HARRIET CHAPMAN Trustee Company Registration Number: 05307086 The notes on pa8e5 11 to 19 forni part of these financial statements. -io-
SOLENT YOUTH ACTION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 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 1021 (issued in October 2019}- (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 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 atfairvalue. 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 enttty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notels). 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: the donor specifies that the grant or donation must only be used in future accounting periods; or the donor has imposed conditions which must be met before the charity has unconditional entitlement. 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. -li-
SOLENT YOUTH ACTION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (continuedj Resources expended Expenditure is recognised when a liability is incurred. Contractual arrangements are recognised as good5 or services are supplied. Costs of generating funds are those cost5 incurred in attracting voluntary income. Charitable activities include expenditure associated with providing services to the charity's beneficiaries and include both the direct costs and support costs relating to those activities. Governance costs include those incurred in the govemance of the charity and its assets and are primarily associated with constitutional and statutory requirements. Support costs include central functions and have been allocated to activities on a basis consistent with the use of re50urce5. 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 Computer equipment 25% on reducing balance - 25% on reducing balance Individual fixed assets costing £5 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 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charitable companvs 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. -12-
SOLENT YOUTH AcfioN NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 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 fjnancial 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 bener The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable companvs pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 13-
SOLENT YOUTH AcfioN NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 VOLUNTARY INCOME Unrestricted Total Funds Total Funds Funds 2025 2024 Donations Donations 28,943 28,943 30,669 INVESTMENT INCOME Unrestricted Total Funds Total Funds Funds 2025 2024 Bank deposit account interest 777 777 685 INCOMING RESOURCES FROM CHARITABLE AcfiviTIES Unrestricted Funds Restricted Total Funds Total Funds Funds 2025 2024 Encouraging youth led volunteering projects: Grants Other income Projects 64,566 64,566 69,731 io io 19 64,566 64.585 69,736 Grants were received in the year from sources including Hampshire County Council, Hampshire and Isle of Wight Community Foundation. National Lottery, UK Youth Fund, Tweed Family Charitable Foundation and BBC Children In Need. Income from charitable activities was £64,585 {2024- £69,736) of which £64,56612024- £69,731) was attributable to restricted and £19 (2024- £5) was attributable to unrestricted funds. -14-
SOLENT YOUTH AcfioN NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 COSTS OF CHARITABLE ACTIVITIES Support Total Funds Total Funds Costs 2025 2024 Dirert Costs Staff costs Employers national insurance Employers pensions Rent Staff travel Staff training Volunteer expenses Equipment Bank charges Insurance CRB checks IT support and software Telephone Premises costs Room hire Printing, postage and stationery Depreciation Accountancy fees Governance costs 78,121 773 3,160 78,121 773 3,160 63,836 480 2,636 352 3,299 129 3,581 8,235 64 988 129 927 1,624 2,969 4,401 416 877 767 2,058 3,173 356 3,173 356 733 8,822 733 8,822 932 932 359 1,360 1,567 3,566 4,271 705 657 840 1,892 359 1,360 1,567 3,566 4,271 705 657 840 1,892 99.035 12.252 111,287 97,768 Expenditure on charitable activities was £111,287 {2024 - £97,768) of which £99,03512024 £83.4971 wa5 attributable to restricted and £12,252 {2024 - £14,271) wa5 attributable to unrestricted funds. GOVERNANCE COSTS 2025 2024 Management committee costs Independent Examination fee 92 1.8(K) 258 1,800 2.058 2,058 -15-
SOLENT YOUTH AcfioN NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 NET {OUTGOING)/INCOMING RESOURCES Net resources are stated after chargingJ{creditingl: 2025 2024 Depreciation Independent Examination fee 657 1,800 877 1,800 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 {2024 £nill. Trustees, Expenses During the year no trustees {2024- nil) were reimbursed for out of pocket expenses for travelling totalling £nil {2024 - £nil). STAFF COSTS AND EMOLUMENTS PARTICULARS OF EMPLOYEES Total staff costs were as follows: 2025 2024 Wages and salaries Social security costs Pension costs 78,121 773 3,160 63,836 480 2,636 82.054 66,952 Particulars of employees: The average number of employees during the year, calculated on the basis of full-time equivalent5, was as follows: 2025 No. li 2024 No. No employee received remuneration of more than £60,000 during the year12024- None). -16-
SOLENT YOUTH ACTION NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 10. TANGIBLE FIXED ASSETS Fixtures and Computer fittings equipment Total COST At l April 2024 Additions 5,968 7,309 13,277 At 31 March 2025 5,968 7,309 13,277 DEPRECIATION At l April 2024 Charge for the year 3.375 7.272 10,647 657 At 31 March 2025 4,023 7,281 11,304 NET BOOK VALUE At 31 March 2025 1,945 28 1,973 At 31 March 2024 2,593 37 2,630 11. DEBTORS 2025 2024 Trade debtors including grants due Prepayments and accrued income 1,821 5,811 2,953 401 7.632 3,354 12. CREDITORS: Amounts *alling due within one year 2025 2024 Trade creditors Social security and other taxes Accruals and deferred income 1,721 8,557 1,891 19,245 10.278 21,136 13. ANALYSIS OF MOVEMENTS IN UNRESTRicfED FUNDS Balance at 31 Mar 2025 Balance at Incoming Outgoing l Apr 2024 resources resources Transfers General Fund 60,592 29,739 (12,252) {34,469) 43,610 -17-
SOLENT YOUTH AcfioN NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 13. ANALYSIS OF MOVEMENTS IN UNRESTRicfED FUNDS (continuedj ANALYSIS OF MOVEMENTS IN UNRESTRicfED FUNDS- Previous year Balance at 31 Mar 2024 Balance at Incoming Outgoing l Apr 2023 resources resources Transfers General Fund 53,266 31,359 (14,271) (9,762) 60.592 14. ANALYSIS OF MOVEMENTS IN RESTRicfED FUNDS Balance at 31 Mar 2025 Balance at Incoming Outgoing l Apr 2024 resources resources Transfers Slams Tweed Family Charitable Trust HIWCF National Lottery Hampshire County Council Groundwork UK UK Youth Foundation Place for People 4,118 (6.316) 2,198 9.878 9,793 15,037 15.990 (15,152) (15,021) {23,065) (24.526) {1,534) (12,2711 {1,150) 5,274 5,228 8.028 8,536 534 4,271 41)0 750 64.566 (99,035) 34.469 ANALYSIS OF MOVEMENTS IN RESTRicfED FUNDS_ Previous year Balance at 31 Mar 2024 Balance at Incoming Outgoing l Apr 2023 resources resources Transfers Slams Tweed Family Charitable Trust HIWCF National Lottery Hampshire County Council Screwfix Foundation UK Youth Foundation United Way Anton Jurgens Charitable Trust 9,825 (15.661) 1,832 8.126 7.662 10,071 19,880 (9.202) (8,677) (11.405) {22,512) {5.662) {7.550) (1,699) 1,076 1,015 1.334 2,632 662 883 199 6.667 1,5(K) (1.129) 129 69.731 (83.497) 9,762 -18-
SOLENT YOUTH AcfioN NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 15. ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS Unrestrirted Funds Restricted 2025 Funds Total Funds Fixed assets Current assets Cash at bank Current Liabilities 1,973 7,632 39,321 (5,316) 1,973 7,63Z 44,283 (10,278) 4,962 (4.962) 43.610 43.610 ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS- Previous year Unrestrirted Funds Restricted 2024 Funds Total Funds Fixed assets Current assets Cash at bank Current Liabilities 2,630 3.354 60,247 (5,639) 2,630 3.354 75,744 (21,136) 15,497 (15.497) 60,592 60.592 16. RELATED PARTY TRANSAcfioNS There were no related party transaction5 during the year {2024- nill. -19-