CompnDy registsation number. 05639458 Charity r¢gÈstration number.. 1112691 The Source Young People's Charity (A comp&ny limitsa by 8uar8n*) AmiuaI Re And Financial Ststem¢nts for th¢ Year En(kd 31 Mar¢h 2023
Contents Reference aod Admioistrativ¢ Dethils The Source Young People'i Chlty Strategic Rert The Sourc¢ YouD8 Peopk's Charity Tnte£s, RerK>rt 3ty7 Accountants, Repxxt Statement of Finatlcial A¢tivities Bthn¢e Sh¢¢t 10 Ne$ to the Fineticial Statem 11 to 19
Reference and Admintstrative Detsib Cbalrrn•n Lk Jos JOIllOn BEM TrUstS . BaTry Bird Mr Tim Heys DrJ(6 J(thth BEM Mr Roger Hold¢r MT5 Sus8D Wiggam (reSIed 14 July 2022) Mrs Joy North (aPin1¢d 31 January 2023) Mrs Pam Welch (appointed 12 May 2022) Mr St¢v¢ Delv¢5 (appoind 31 January 2023) SeDlor M4n8emtnt I IAder8hlp Mr PeterJam¢g She4r4 Dirtrtty T¢ath Ch8rlty Reglstratlon Number 1112691 Company Rtytstratbh Number 05639458 Rrylslered Offk¢ Floor Imperial House 2 Grosv¢nor Roa Alder5hot GUII IDP A¢¢ountsTrts M T D A¢cowkn¢y Ltd 21 Silver Street ottY Si. Mary EXII IDB Po8¢ 1
Tbe Source Young People's Charity Strategic Report for the Year EDded 31 Mvdrch 2023 The trustees, who are directOTS for the purp0y of compaDy law. prellt their stixt¢gic report foT the year ended 31 March 2023. in c(Knpli8n¢e with $414C ofth¢ CoDWi¢S A¢t 2(. Fknnciil revlew The end of the year f]nanciai results include donattLW grants arwj eharitsble activities income amouniing to £78,954 (2022 £87247). of whith £14.774 (2022 £19.573) wis Testricted income. Activitics for generating incom4 which eonsisted of tti¢ome fr(xn Bikestart and counsellitig servi¢e5, amounted to Ul.279 (2022 £41,589). This result in tolal income for the year omountitig to £120333 £128,836). Th¢ iotsl rexourcu ¢xpended wrre kw undeT W control to £128231 (2022 £123.714). The overa]I Surp1 of income over expendfftture w&% thuefor¢ -£7.998 (2022 £5,122). With the end of the virus and ater stsbility among the stsff, 2022-23 was a more settled year than its prthswrs And we were able to b¢8ift to consolidat¢ and 8ryiw the orrations, albeit with a small overnll defi¢it for the year. PIAns for fvture perlodj Alw arddkey 00&fOrthrePer1•4 One legacy of the pandemic is an iwre&8od number of young people strugglin8 with their wellbeirtg and mental health. We are committed to tytng to allevi•¢e thi$ through earty ini¢r¥ention$. The key ones remain our bespoke l-l counsellin8 and mentoring f(f 14 to 25 year olds. but we intend to broaden our offering to include soft touch group and infornl activities for young people, some of whorn may be less than 14. Thi5 en8a8emont will involve srnall groups 81£ creative 8rL music, b¢ maintenance. physi1 activity. and other skills to build onfiden¢¢ and 111¢¢. We ar¢ 8ratefvl to our Blkestart v0hteerS who have raised mole iticome through th¢ir 8Aivities but have also provided m(xe gUPP)rt ftIryow people. AedvliiesplanAed¢o 4chlrtY4lnu The mentsl health and wellbeing of all l¢)¢al youn8 Fwple 1$ a 8rowin8 Concern. tn 2022 the NHS Childrens Commissioner stated that l in 5 childreOUng people aged 7 10 16 years and l in 4 young people aged 17 10 19 years had a probable rnentsl health cot)dition. The Children's Society also T¢POrted r#¢ntly th4155/• of 16 to 25 year old's have seen a GP about their mentsl health. We are p$lonate about supporttng yOllll8 people gnd will continu¢ to ¢)ur Fwyamm¢s. mccting the needs of those who require it. The emph&si5 on early help and prevention will continue to grow within our strategy. alongside the vitsl work of eouns¢llllw for youn8 peopk tti immlate need of support. The ncw creative programme5 will be enhanced &$ tO8¢ther with partntt4 w¢ develop further activities to support 8rea¢cr numbers of youns people. We wtll 8130 r¢duc¢ the ag¢ range for these participants to I l ye&¥ old. We will continue to expand our reach wtthin the vitsl coungellin8 and mentoring prOThe5, with a reCOltiOn that these 8r¢ still Ilkely to be more suitable for 14 to 25 years old youn8 Ptople. The strategic report appToved by the trtee$ of the CIlty 6 Dee¢mber 2023 and si8nwJ ¢)n its behalf by.. Dr Jos Johnston BBM
The Souree Young P¢opk's Charity Truste¢s' Report The ¢rusie£8. who are dift¢torn for the of (mpY 18w. pr&wt the aDnual report together with the fiDan¢iaI ststemuts of the charitabl¢ compw for the year ended 31 March 2023. Objectivu and etlvi¢les Objects and al lo our M¢morandurD and Anicles of A$SlatIOn our obj¢¢ttves are: The provision of facilities for r¢¢reationaE and oth¢r leisure4ime 010 including but not by way of limttation the provts1( of edu¢ation and trailling in lift skills in the int¢rests of social welfare for peTsons who have need by reason of their youdL N>verty OT so¢ial and economic circillnsiances and with the object of improving their Condition of life in AldershoL HaMpth1 and ID such otheT parts of the United Kingdom as the Trustr¢s from time to lime think fit. Our mission is to seTve the local communty as an ¢xpression of our Christiln faith. by providing perwna]ised I to l youth ¢ounsellin& mentoring and creative group activities to young people 28ed 14 to 25 years strjggling with their rnen health and wellbein& Throu8h in¢rea8ed resjlien¢e, confideD¢e and self¥esteem. our aim is for them to live healthy, hop)1 8nd lfilled lives. We c¢lebr diversiry and our doors are open to everyone r¢8ardle$3 of b¢lief or background as deM(Mrated by the wide range of local a8¢ncies who recommend our services 10 yi)un8 people and families. Our viston is to see &ll IIKat y(>un8 people aT 3tru8gling with th¢ir mentat Falth and Wellbei livin8 lfilled thn'vin8 attd hopefiEI lives. Our Values.. W¢l¢omin8. recog4isin8 everyoD¢ as unique and spxi•L rewting their ba¢knund bel j¢fs Cornp88sionate - acknowkdgin8 the needs of others and trivin8 to help HofUl - seeing the potential in alL and enabltng them to realise 1¢ ColiaborWive. workin8 tO8¢ther, willuw to learn with humility, TWniSiD8 OUT stren8ths and weakn¢sses Prnyerfvl . brm8llw everythiD8 before Go¢ for help and Strength Our Focus.. We support 10¢41 people who are Stru88lln8 with their wellbein8 or mental health. Counsellin8 is a str(m8 focus for our work however. in 2022r23 have Start io create and test new thctiviiies io offer fvrther early help suppor¢ enabling youn8 people to improv¢ their wellbeing rore any health issucs w0en. Measurin8 our impact is also a WIng feat for w4. We are in the wocess of developing lIbeIng programme impacw well a5 using new PH(>9 and GA1>7 Mvrement tools to evalu&te depression and anxiety syinploms respcctiv¢ly. In 2022, w¢ predornin ustyj Rosenb¢rg and NScholson McBride measurement syst¢n. to ¢vaiuate 5¢1f<$l¢¢m and re5ilienc¢ with )sitIve oulcomes for a higb per¢ents8¢ of parti¢ipJnts. Evaluations following a programme of sUprt from ow coUeIlenttir]ng te4m showed an increase in self-esteem of 820/ts and resiltencc of 77 Pmbllc bertefit Th¢ tru5te&s confinn that thty have c(Mnplied with the requirenknits of section 17 of the Ch8ri¢ies Act 2011 to have re8aTd to the publio benefrt guidan¢¢ publish by th¢ Chwity comm10n for England and Wa]es.
The Sourne Young Peopk's Charity Trustees, Report CounselliWeMI)ring Throughout 2022Q3 our counselling [rmm&$ have COntiDued to pYovid¢ vital swn for lo¢ttl young people strJggliJ)g with their mental health. 53 young peopk aged between 14 to 25 accessed our ¢ounselling and meDloring supp)rt programmes. The larg1 8g¢ bracket 14 10 17 year olds with 31 young people 8upwrt¢ follow¢d by 13 young people ageAI 18 to 21 and 9 young Fwle a8ed 22 to 25. we aiso sceing an IncrS1ng nLunb¢r of young pPIe with neUrJ1¥er5e and similar support needs accessing our serYi¢¢s. Young people refeJTed to our servitts in the past 12 months are rwuesting #upport for a rnn8¢ of chthllcn Including depressio anxiety. la¢k of self-estery disordered eattn& Isolatio 5elf.hann. traum4 abusive relationthip tll¢S and suicidal thoughts. The growing nuttther of younger ieena8ers accessing our support programme, and th¢ derstAnding of the SIlficant mental health challenges for many. continues ¢0 drive our Strate in 2023. Wellbetng PrO¢S In August 2022 w¢ pilot¢d a new Weubeing Workshco PA)ae. Using MC and ¢T¢1ve an4 we provided serie5 of workshops which aimed to increase the youn8 people's confidenR and self<st¢¢m. Whilst the number of attendees was Jow (8). this bme the sprin8b08Jd for 2023,3 succ¢ssfiJl Holiday Wellbeing W(Kkthop progromme which has seen an in¢Tew ID partkcipants grow to 25. Using the NHSS 5 ways to wellb¢ing forn)aL w¢ are designing workshops to ineaSe young peopl¢¥ confidence, 5elf-este¢rn, and re5ilien¢e. Th¢ Wellbeing nKthLNJs we use developin8 nntivIty l friendthtp4 learn new skilb, have funlr¢l&Y. tske part in physi¢41 acttvity. and 8iving to oth¢TS. In Janu8ry 2023 w¢ $upp)rted a ILUI Hish School throuth meDtoring six youD8 people $¢rn881in8 during lasses. Providing a liSt¢nm ear dum8 ¢halleom tllti#y in th¢ir schwl day& saw students attending school more r¢gularfy. Blk&St•rt Our swial enterprise BikeStsrL has continued to be an 4mazin8 re50urte for the charity throw r¢firt+ishin8 doned bikes for sales and providing a low cost kul bke mainten4nce service. The volunt¢er team have $0 developed further are&s of support for I(1 people through offerin8 a rang¢ of be maintsnanee workshops, mcntorlng SUPFQrt (for Hampshire YowJ8 Offendin8 Service). work experience for young people wth diS&bilitie4supfl needs and volunteertng oppknities for both young and older bike enthusIts. One lo¢al young p8rticipant who offered volunlary SUPPOrt to Bikestaru initially c4me to us aft¢r lostng his job in lockdown. with his mental health begtnning w suffer. He left 8 months later sayuw .1 knew this would b¢ a great place to inrnse my be maintenance skills in pr¢paNion for gaining paid work wIt I didn realise was how much li would help me peT5cwIfy too.. In 222 Bikestsrt conthThuted to ow l(Kal sthinable economy as folknv3: Number of volte¢r5.. l i Number of bikes donated (and sav•1 from landfill): 353 Number of refuTbished bikes sold.. 187 Number of btkes serviced: 232 Nwnbor of bikes don4ted to Africa: 45 (R¢iy¢le Halford% scl%nk) Number of bikes donated to local refuge¢s.' 75 Our BikeSt#rt slogan of "reduce w&*. reiLse parLK refirtiish bieycles. shows lW thi8 innovktivc project is both environmentslly friendly and comrnunty fo¢used.
The Sourv Young People's Charity Trnsttts, Report rtDershlp Our mership with I(1 stattrtcry orgaDiWoL8 has CODtinued to 8row and develop. To8ether with other third sector organisation4 we are seeing regular r¢ferrals for young rwple in need of our 5ervic¢s. Regular r¢ferral8 are taken from CAMHS (Child and Adolescent M¢ntsl Hth Service). NHS Health Team5. Social Care staff, Secondary sch(K)Is. other local charities and GP 5ur8erie& Addttloml Support Reco8nisin8 the challenges around schwl holiday4 and particularty chriSth we provided w¢llbein8 paeks for 20 young Ftople who were part of our counsellinthentoring prog1w dwing 2022. With kind support from local Chur¢h¢s and donations from LUSH stor¢ we were able to provide the packs free of charge. Athlitional items donated were donated to HarVRkn Yoww Carers Proj¢ct to ¢Ji$tribu to I1 young carers. Hl8hll8hts for 2022-23 l. We conduci¢d 451 ¢ouns¢ll]nrneD1orlllg sessions for 53 local young pecyle. prekniJwitly hce to face. 2. Christsnas W¢llbetng pa¢k5 distributed to I1 young people in rrt¢d. 3. 751(1 refu8ees re¢eiving r¢furbi%hed bikes, providing ¢05t efficient Irai)5pM for daily ITvin8 and exer¢ise. 4, Bikestart ¢ontinuin8 lo be a valuable resour¢e foT lo1 e¢owSUStainability. b&e maintenance training. and volunt¢¢rin8 Opportunities. 5. 450 hours of volunteerinthffk experTen¢e OpPx¢il16s Fyovided to lo1 youn8 pyle via Bikestart. Melltor&nWYouth volunteer e•¢ Jthdy "I started an apprenticeship an (JJtdcoTS lttstructor (ArcheryNountsin Bikirtgl in 2020, howeyer when Covid-19 hil. the proje was shw down. When it didnl tethStatL I needed monry. $0 I took 4 job in a bettin8 shop. After 18 months I began to 8¢t quite low and my mentyi health slarted to suffer. I becam¢ de-sensitised towards gamblin& which w&snl healthy. and I d¢¢ided to leave. I heard at4)ul A Ial bike mainienance workshop called Bikestan and was encouraged to 8et involved. I w¢n¢ alon8 and found a team of volunteers who take dond bik¢& reIsh them and sell them io the public. I w&s a¢cept¢d and started volunieering two days a week. I knew this would a ry place to InCre my bike maintenance skills in preparation for gaining fubjre paid work. Vlhat I didnl realise w&$ how much it would help me personally tcrt). The stsff and other voltsnteers wer¢ so friendly nd ¢nthusiasti¢ about bik¢$, that it W¥5 pleasure just bein8 ar(MJnd the workqhop. The athiospher¢ ts amuin8 and so many of took ¢ime to teach me rKw mainienance Skills. l also found that by just 8ivin8 my time to help oth¢rs, it made me feel really good. I dtstinctly rem¢mber W&i¢hin8 an excited iK)y from a refitgee family cycle away on a bike which fd refiubished for him. It W&8 4 8reat fe¢liti8. Knowin8 everything we do benefits wlnernbl¢ locAI young peopk is fantasti¢ Thanks to all the knowled8¢ and experienc¢ I gned at Bik¢StwL' I rttentty passed my level 2 C)lech bike maintenan¢¢ qUalifieion. I now hav¢ fid14tme paid eMplOenT at a lo¢al bike store. I feel genuinely sad to be leaving Bikestan and the amazing team of volunietrs. ¢ven if they 8re mosdy 30 years older than mel IVS 4 great little comrnunity to be port of. rv¢ loved ¢very minute and I will 41way3 be 8ratefid for th¢ help and support thefft given me.. A HUGE THANK YOU TO ALL OUR INCREDIBLE SUPPORTERS Your generosity m¢ons so much to us aDd th¢ young peopl¢ we suptort and etnp)wff. Thank you to everyone who h&% supp)rted our work by making an individual donation (monthly donors and one-off) or givin8 yoI]r time. Your ¢ontribution is important and valu&l and we appr¢¢iate your parthership with $.
The Souree Young People's Charity Truste¢$' Report Orts1t0nl Donors for 2022-2023 Thank you lo the local churches, businesses and 30cietics who ljave dollate4J fid8 and in-kind support in 202212023. These in¢lude: Lloyds Bank Foundation, Broadhurst Trust, Garfield We$ton Foundatio B¢nefact TrusL Hampthire County CouTt¢il. mchett Ministri¢5. Waitrose, TK MaLY, Th¢atre Foundation, local Churches (St. P¢tels Famborough, Holy Trinity, Aldetshot North Camp M¢thodi5t and Hale Methodist), Aldershot Rotary, Purple Patch, Rushmoor Community Lotteryj Indelible tksign and Oaklands Agency Ltd. Thank you also to everyone who supported Bikestort through donating an old bike. purchasing a bike, booking bike maint¢nance training or getting yow bike repairedlservi¢ed. The fidS raised by thi5 amazing Social enterpris¢ provide further valuable contributions to the lives of vulnerabl¢ young people. Strurtur& 8overnAne¢ #md mn•8emenÉ N4thre of8overnln8 The governing do¢urnent of The Source Young People's ChaTity is the Mwnor&ndum and Articles of A&so¢ialion dated 29th Novemb¢r 2005 which was am¢nded In January 2011. Recrullmenl andappothbnemtofirwlees The Sour¢e Youn8 People's Charity 15 an independent charity and is not affiliat to Any other organisation. The memberg of The Sourc¢ Young People's Charity are the Trustee$ ond the le8al minimum number of Trustees 15 three. The Board of Trustees may by ordin8ry resolution appoint a person who is willing to act to be a tnJste¢. New Trnstee$ are reerniled through lo¢al publicity {e.g. through the website, voliint¢ering siies and newsletters.) Applicants und¢T80 a comprehcnsive re¢rnitsMent procedure which focuses on the skills, knowledg¢ and cxperienc¢ of the appli¢an¢ and the needs of the Charity. The induetion of new Truste¢s may include shadowing with stsff and volunt¢¢rs, site vlsits, menloring from a TTUSte¢ and fornwl in-hou ttatning &8 part of their on8OLng development. Board mtttings ar¢ held at leas¢ quarterly (alihough usually more frequently.) At board m¢¢tings 8overn4n¢¢, Strategic plung, operational plans> policies risk assessments. budgets etc are reviewed and de¢isions made. Oryanlfarfon41$truclure Management During the year 2022123 the Director w&$ Mr Peter Shears, who is responsible for implem¢nling the decisions made at Board meetingy, reporting back to the Board and ensuring The Source's work 15 fully r¢sourced and Carried out to the highest slandBrds. The Director receives regular SUrvIsion from the Chair. ststement oftrugtee8' responslbllltles The bStee5 (who are also the directors of The Source Young People's Charity for the purposes of company law) are responsible for prcparin8 the Iwstees, report and th¢ finamcial ststernents in accordance wilh applicable law and United Kingdom AOUnting Standards {United Kingdom Grner&]ly AePted Accounting Practice), in¢luding FRS 102 "Th¢ Financial R¢porting Standard applicable in the UK and Republic of Ireland" Company law requtres the tmste¢s to PrePe finAn¢iai 5tat¢ments for each financial year. Under mpanY law the uvstees must not approve the finan¢ial statements unless they are satisfied that they give a knje and fair view of th¢ state of affairs of the ¢haritsbl¢ company and of th¢ incoming resources and application of resources, includin8 its income and expenditure. of the chatitable ¢ompany for that period In preparin8 thes¢ fm8n¢Éal s¢atem6nts, the trustees are required to: Pa8¢ 6
Tbe Souree YouDg People's Charity Trustees, Report select suitable ac¢ountill8 [licieS and apply them eonsi•: observe the methods and tKiDciples in the Chartti¢s SORP. State whether applicable accouoting stsndards Comprising FRS 102 have been followe4 subject 10 any nwlerial departtires disc105¢d and exp]ained in the finawia] statemetkts: and prepare the financial statem¢nts on the goin8 cowern b&sis unkss it is in4Jpropriat¢ to presume that the charitable company will continu¢ in business. The bustees are r¢$W1b1¢ for keeping prorrt actOUDting Tr£ords that e4n disclo with re&wnable &¢¢uracy at any lirne the financiat positic) of the ¢trlIable company aTJd enable them to ¢n5ure that th¢ financial statcmenls cornpty with the Companies Act 2006. They 8re also rasrx)nsible for safeguarding the assets of the charitsbl¢ cornpany and hence for tsking reasojjabk Steps for the prevention and detection of fraud and other inrgularities. The trustees aTè responsible for th¢ maintsnance and inwity of th¢ CO¢ and fmancia] information included on th¢ ¢haritabl¢ comp3 website. L£SlatIOn governiDg the prepatiOn and diSsninl0D of financial sta¢em¢nts may diff¢r from legislation in other jurisdI10n$. The annual Tqjort was approved by th¢ trjstees of the on 6 D¢¢ember 2023 and sied on its b¢h#lf by.. Dr Jos Johnston BEM Chaimian and Tntee
The s1xw Young Peopws Charlty For the Year ended 31" Marth 2023 We report to the trustees on our exarninan of the aOUnts of the charitable cornpany for the year ended 31° March 2023. Responslbllltles and basls of rep(Yt As the charlty Twstees. who are also directors for the purposes of the company law, are responsible for the preparation of the accounts in accordan with the requirements ot the Cc#npanles Art 21J)6 ('the 2CQ6 Ace) Having satlsfied oursefves that the accounts of the Company are not required to be audited under Part 16 of the 2CJ)6 Act and are eli8ible for independent examlnatlon. We report In respect ol our eXaMinatn of the charitvs accounts carried out under sertion 145 of the Charltles Act ZOII I'the 2011 ACY). In carrylng out our exarninatk>n we have followed the dlrectlons grven by the Char4ty commion under section 145(51{b) of the 2011 Att. Independent examlners statement We have completed our examlnation. We confinn that no matters have come to our attentlon in connection with the examination 8tvin8 us cause to believe that in any material respett: l. Accountln8 recordswere not kept In respect of the Company as required by section 386 ofthe 2CX)6 Att. or 2. The accounts do not accord with these records. or 3. The accounts do not eompty with the requirements of section 396 of the 2LN)6 Act other than any quIrernent that the accounts give a'true and fair vw which is not a matterconsidered as part of an independent examlnatlon; or 4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practi for accountln8 and reportin8 by charities appllcable to charities prepafing their accounts In accordance with the Flnancol Reportin8 Standard appllcable in the UK and Republic of Ireland IFRS 102). We have no concems and have come across M other matters in connectlon wlth the examlnatlon to which attention should be drawn In this report in order to enable a proper understandlng of the accounts to be reached. 14° Dernher 2023 MTD Actountanry Ltd 21 Slfver Street Ottery St Mary Devon EXII ID
Statem¢n¢ of Financial Activities for the Year Ended 31 Mah 2023 (In£ding Ineome and Expenditure AecouDt and StatemeDt of Total Recognised Gains and Losses) Unrwtriet¢d R£s¢rkted rtynds funds Total 2023 Note Incomt 4nd End0ents froM". DLatIonS and le8a¢i Charitsble activities Other trading activities Toial income 64.180 41236 43 14.774 78.954 41236 43 105.459 14.774 120.233 Exp¢ndlture on: Raising funds Charilabl¢ activities (157) 94,709 (157) 128,074) 33.365 Total expenditure 33.365 128.231 Net imcom6(exF¢nditure) Transfers between funds 10.593 18.591 (18,591) 18,591 (7.998) Net rnovement in fim¢l8 RttoD¢lliatlom of Ind$ Total fun(ts br(HJgh¢ fonward Total funds carried for¥vwd (7.998) {7.998) 58.143 58,143 15 SO.145 Umre5trkted runds Restrieted runds Totsl 2022 Noté Income and Endowments from.. Donation5 and Iwci¢s Clwitable actlvilies (kh¢r trading activlii¢5 Total in¢ome 67.674 41.536 53 19.573 87,247 41.536 53 109,263 19.573 128,836 Expendlture on: Raising fi]nds Charitable activities (216) 79.57 (216} 123,498 43.921 Total expenditure Nei Income/(expenditin) Transfers b¢tween fimdg 79.793 {123,714 29,470 4,348 (24,348) 24,348 5.122 Net mv¢ment in fund8 Re¢onclllatk)n offvffjds Total funds brought fonvard Total funds carried foTward 5,122 5,122 53,021 S3,21 58,143 15 58.143 A]1 of the charitys ¥tivities derive from cOntinull 0puatio dwing the thve two peTiod8. The notrs on pjges I I to 19 form an illte of these financial statetn. Pa8¢ 9
IRegistratioD number 05639458) Ba14nee Sbeet as at 31 Mch 2023 2022 Note FiIed ssets Ta8ble assets 10 .276 Current wts SLO 226 1.101 80.208 12 C&sh at bank and in Ftand 3.916 88.595 13 92.511 81,535 Credltors: Amounts f•lllty8 d¢ wlthlD one ye•r Net eurrent assets 14 25.358 48.869 56,177 Nel let9 58.143 Funds of the eh*rlty: Unrestrleted income funds Unrestricted fimds 50.145 58,143 Totsl funds 15 50,145 58.143 For the financlal year endin8 31 Mar¢h 21r23 the ch8rity was entitled to exwtion from Judit under s¢¢¢ion 477 of the Companies Act 2006 relating io small companie& DirKtors' responsibilities: The members hAv¢ not requireil th¢ thority to obtain an alldi¢ of its accounts for the yetr in question irt rdance with 8Ktion 476.. and The direcior8 a¢knowled8e thetr responsibilili¢s for eonwl)In8 with the Tequirements of the Act with respect The financial ststements on pgges 9 to 19 were 4yroved by the trust¢es. and authorised ftir issue on 6 De¢ember 2023 and si8ned on their Eeha]f by: Dr Jos Johnstoo BEM Th¢ notss OD py I I 19 fonD an imegrnl pwt of these financial statements. Page 10
Notes to the Fitiancial Statements for tbe Year Ended 31 March 2023 I Chxrlty The charity is limited by 8uaraMtee, in¢OTporat¢d ID . and conwu&)ty dces oot have shaxe capita]. Each of the Ite¢S is liable io wnrribu an amount not exce&ling £1 towards the Lssets of the clwity in the ¢vent of liquidation. The address of its registered offic¢ is: 2nd Flty)r Imperial House 2 Grosvenor Road Ald¢rshot Hampshire GUII IDP 2 Ateountlng poll¢k# Summary of slznlllnt ae¢oulltlTrg pollele8 •od kry att0118 estlm•t£s The princip ae¢ouniing p)lici¢s applied in th¢ preparntion of these finw¢id ststemtht$ are set out below. Thes¢ pollciw have been consJ• applied to all the years presente4 1¢$8 othenwise s¢ateiL St8lemtn¢ ofeompllne• The f]nan¢ial ststements have Ix¢n prepartyj in wrdfin with A¢¢ountin8 Reporting by Charities.. Stslemenl of Recommended l>ractice (applicable to charities preparing their accounts in ac¢ordance with the Finoncial Reportin8 Stsndard applicBble tn the UK and Republic of Ireland {FRS 102)) (issued in Oetober 2019) - (Charities SORP Rs 102)). the Financial Reportiti8 Stsndard awlic4ble in th¢ UK and Republi¢ of Ireland (FRS 102) and the Companies Act 2. B$ly of PreratIOn Th¢ Sourc¢ Young Peoples Charity meets the defmition of a public ben¢fft enttry under FRS 102. Assets and liabilities are initi8lly reCols¢d hiori¢ftl cos¢ or tr•Dsath TAI unless oth¢nvise sts¢ed in the relevant a¢¢ountin8 poli¢y notes. coneern The ttustees consider that there fjre material wKert8intie5 about the charitys ability to Continue as a 80in8 ncem nor any stlfIcant 8rw of uncertainty that aff¢ the carryin8 value of &ssets held by the clwity. Exernptlon from Prering # casb now $tatemeit Th¢ ¢harity opted to earty &lop¢ Bulletin I publish¢d on 2 FeWY 2016 and have therefore not inCld a flow sthtement in these fin8n¢ial statements. Income and endowments All incorne is recognised ODce the chwity h&q entitlement to the inwnK it LS FKobabl¢ that the hKome will be receiv and th¢ amount of the Income re]Vable can bc tlleasured reliably. Donallons dndlqael rknnatiO]LS are r¢cogDis¢d wh¢n th¢ charity has beffl nolified fn witing of the atnount and settlemem date. In the event that a donAtion is subjed to conditions that requir¢ a level of perforn)at]ce by the charity b¢fore th¢ charity is entitIed to the fiu]ds. th¢ incorne is defeThed and not rec08tiis until either those ¢ondition5 are 1]Y rn. or the fulfilment of th(b5e conditions is wholly within the control of the charity and it is probable that th¢se conditions will b¢ fvlfilled in the reporting FETifyJ. Page 11
Notes lo the Financial Statements for the Year Ended 31 March 2023 Grnnts reeehwble Grallts aTe recognised when the charity h&$ enttil¢TheDt to the fun(ts aftd any conditions linked to th¢ grants have been m¢L Where rKrforniaDce condiiions are atrached to the graat arml are yet io be me( the imeome is recognised as a liabilty and iDclwJed on the balance sheet as deferred income to be releawl. DeJerr¢dlncon Defured income r¢presents amou received for futswe wiods gnd is ftle&sed to iticoming resources in the period for whicty it h&8 beerl rettived. Swh incotne is only deferred wb¢D: . The donor specifies the wt or dcrfwion onty be ed in aCcOting periods. or . The donor h88 imposed Conditi 1¢h must be met before the cbtirity bas urKonditionat enttdement. ElpeDdit All expenditttre is re¢ISed onc¢ there is a le841 or wnstrwve obligation to that expenditUTq it is probable settlement is required and the amount Con be measured reliably. All costs 8Te allated to the applicable expcndintre heading awegate similar costs to that category. Where sts catmot be directly attributed to particular headtngs they have been allocat¢d on a basis consistent with the us¢ of r¢source4 with central sraff Costs allocated on the basis of time SFtt¢ and depreciation chaT8¢S alled on the portion of the &qs¢t's we. Other support costs a lllloed bld on the spr¢ad of sraff $5. Rathln¥f4nds Th¢s¢ are costs incwTed in attracti vohmlary income. the MaDa8ellnf of investm¢nts Ind thos¢ incurr¢d in ¢rnding a¢tivitieg that rnise Charltsble acdv&l¢s Clwitable expendlture compTiSes th¢ costs Incur by the ¢barity in the deliv¢ry of its ¥tivitiu and servi¢es for its beneficiaries. It includ&9 both eosts that ¢an b¢ lOcated direAly to Such •ctiviti¢s and th05¢ Costy of an indirect natur¢ rceys8ry to support th¢m. Support eosts Support ¢osts in¢lude central fillKtions and have kn a]lo¢ateAJ to activity cost tegOrieS on a basis consisient with the use of reSoU¢s, for exampl< allcuttng property costs by are4 or per ¢apity staff costs by the time srnt and other ¢osts by th¢ir us•8¢. Governanee e(ts These include the cts attrib1¢ the thtrity's ¢onwliawe with ConstiOn and ststutory requirements, kncluding wdiL Strate8i¢ maDa8¢ment ond trusttts mxtin8s reimburs•J expenses. TAxtlo The ¢harity is conside1 to pass the t¢sts 8¢t out kn Pwaph I Sche4Me 6 of th¢ Fin8n¢¢ Act 2010 and therefor¢ it meets the d¢finition of th charitsble ¢ompfiny for UK COrporn purpos¢5. Ac¢ordinsly, the chlty is potentially exempt from taxation in respe¢¢ of income or capital gain8 receiv&J within categories covered ty Chapter 3 Part I l of the Colwrntion Tax Act 2010 or Section 256 of the Taxation of Chargeabl¢ Gains Act 1992. to the ex¢¢nt thAt such incon or att applied exclusively to chaTitable Tangib fixed #wts Indiwdual fixed assets costiU8 £50.{ or more 8re initially reeordoj at ¢054 l¢ss ally subsequent a¢cumulated d¢precia¢ion and subsequent rnula*d impairment lo&w. Page 12
Notes to the FillClaI Statements for the Year Ended 31 March 2023 D¢preei¥tion amortb•tiDD Depreciation is provided ott tangible fixed &5s¢ts 80 to write off the ¢05t or Valuatio le&s any estima residual valu4 over th¢ir expY¢ted ulefid ecomDi¢ life as follo. Asset elas8 Plant & Machinery DeprteA8tion method aDd rate 25% straigbt litie on addit&on8 Stoek Stock is valued at the lower of cost and estim selling price less costs to complete and selL after due r¢gard for ob501ete and $low movin8 siocks. Cost is determined the first-iN firstry0 (FIFO). Trnde debtors Tr#de debtors are amounts due from for Dh1nd]s¢ sold or seTViC48 p%rfonned in the ordinary course of bLLSins. CAsb and t•sh ¢qlyle¢8 Cash and cash 4uivalents comprise casb on Iwid and ¢411 and othes short-temi highly Itquid investments that are readity 1vertible kn a kN)wn amouth of and are subject to an insignificant risk of chan8e iti value. Trnde credltors Trade eredi¢ors are obligations to pay for good8 or services that hav¢ been wuired in the ordinary couThe of business from suppli¢Ts. Accounts payable are classified &8 ¢urrent liabililies if the charity does not have an unconditional righ( at the of the reporting perio¢ to defer 5ettl¢m¢nt of the ¢reditor for at ]t twelve months after th¢ reporting date. If there is an un¢ondition41 right to defer settlement for at least twelve months after the reportin8 date, th¢y are pwesented &4 non-current liabiliiie& Fund Structure Unrestricted income funds are g¢nera] fund8 that ate avaitsble f(f use at the tnw¢•s discretion in fiJrther•n¢¢ of the objedives of the charity. R¢8tricted income funds ore th<w doD&tsd for use In i partKular ¥rn or for specific pu8. the of which is restricted to that areA or purpose. 3 IDeome from donatlons #Id ds G¢nerl R£strlcted funds Totsl funds Donations and Itles. Donations Gift aid r¢¢laim¢d Grants, including capitaI Grants from other tharities 13,938 2.658 13,938 2,658 47.584 14,774 62,358 Total for 2023 64.180 14,774 78,954 Tot*1 for 2022 67.674 19.573 87.247 Page 13
Notes lo the Finneial Stents for the Year Ended 31 Mar¢h 2023 4 Incom¢ from chritable aettvlties UDrtstrl¢ted funds Gtn¢r•l Totsl fmnds Bike Start inconle 41.236 Total for 21)23 41236 41236 Tothl for 2022 41.536 41,536 3 In¢ome from other tradlng Ithvttl Ullrntrlcted Tolal Geknernl Events iGOme. Other events income 43 43 Total for 2023 43 43 Totsl for 2022 53 53 6 Expendl¢urt on r•l$lDi ) Costs of tMdlm8 e¢fvltl•• Unrestrleted fund$ C¢¢rnl Total runds No¢e Other direct costs of a¢tivitieg for genffati fiu Totsi for 20LI 157 157 157 157 Total for 2022 216 216 7 Expendlture on eharl¢ble •ctlvhl¢ Page 14
Notes ¢0 the Finncial Sttem¢Dts for the Year Ended 31 Ma 2023 Unrestrkted rund5 Genernl Restrkted fud8 Total IndS Notr Stsff costs Allocated support Governance costs 41,4 50,347 2.8T2 31,311 1.814 240 72,801 52.161 3.112 Total for 2023 94.709 33.365 128.074 Total for 2022 79,577 123.498 ADlys18 of goverDfjce •nd $ppOrt ¢0 GoYernaDC¢ costs U4r¢slrlcted Restrtcted tunds Tot81 Genernl Oth¢r governance costs Allocated support costs TotAI for 2023 392 2.480 392 2,720 240 240 3.112 Total for 2022 3.218 Pa8e 15
Notes to the Financial Statsments for the Yr Ended 31 M8drch 2023 Stff e The aggregatc payroll costs were As follows.. 2ir22 Stff costs durlng the year IF¢rn: Wages and salaTies Social seeurity ¢osts Pension costs Oth¢r stAff 69.563 60,248 lJ39 1.899 772 2.169 72,801 63,3 The )nthlY average number of rrtT50ns (includiDg Senior i leadership team) employed by the ¢haTity durin8 the year ¢xpressed ag full tinle equivalents wgs as follows: 2023 No 2022 No Avrye numbor of ¢mploy•¢s No employee tKeived emohrnents of more than £60.(((i thn8 the year. Page 16
Notes to the FIn¢1 SttemeDts for the Year Ended 31 March 2023 9 TtiOn 10 Tanglbk fjied *ssets Furnlthre •nd equlpmeDt Total Cost Ai l April 2022 At 31 March 2023 28,936 28,936 28.936 28.936 Deprttlatlon At l April 2022 Charge for the year At 31 March 2023 26,970 6 26,970 690 27.6 27,660 Net book value At 31 March 2023 1276 1.276 At 31 March 2022 1,966 I I Stock 2023 2022 Stocks 226 12 Debton 2023 2022 Trade debtOTS Other debtors 3.914 500 601 3,916 1,101 13 Casb and e•sh equfv#lents 2023 2022 Cash at bank 88,595 80.208 14 Credltors: fallillg wlthl# OD¢ yur Page 17
Notes to the Financi Statements for the Yr Ended 31 March 2023 2023 2022 Trade ¢reditOTS 55 1,020 A¢crua]s Deferred income 2.110 2,510 39.022 22,223 43.642 25,358 15 Funds BAl•n¢t #t I Aprll 2022 Balnfe at 31 March 2023 eomlDt R¢wure expended Trnn&f¢rJ UDrn9trltted General 58.143 105.459 (94,866) 33.365 (18.591) 50.143 Restrl¢ted funds 14.774 Total funds 58.143 120233 128 31 50.145 Balan¢e at 31 Mhrcb 2022 Resources expended Aprll 2Q21 r¢sotArces TrnJfers Unr¢strlcted thndg General 53,021 109263 (79.793) 43,921 (24J48) 58.143 Rwtrleted funds 24,348 Tothi ruAdJ 128 836 123.714 58,143 16 AThts of Det isets between UDrestrlct¢d fMTrds GeDer*l Totsl funds 4t 31 Moreh 2023 TBn8Lble fixed assets 1276 92,511 43.642 1276 92,511 43.642 Current liabili¢ies Totsl net assets 50.145 Page 18
Notes to the Fin%n¢ial Statements for the Year Ended 31 March 2023 Umrestricted funds G¢nernl Totsl *t 31 March 2022 T8n8ibl¢ fixed assets CuTrent assets Current liabilities 1.966 81.535 25,358) 81.535 25.358 Total net 8ss¢ts 38.143 58.143 Pa8e 19
Statement of Financial Activities by fund for the Year Ended 31 March 2023 Unrestiiet¢d Funds Total Total Unrestrlrt¢d UDrestrl¢t¢d Funds Funds 2023 2022 and Eftdowmellts from: Don10nS 8nd legacies Choritable activities Other trading activities 64,180 41.236 43 67.674 41.536 53 Total incom¢ 105,459 109263 EIpendlture on: Raisin8 fimd$ Charitable activities (157) 94.709 (216) 79,577 Total expendill¢ Net income 194,866 79.793 10.593 29,470 Net movement in fimds (7,998) 5,122 R•conclll•tlon ofthnd• Tothi fijnds brought fomrd Total fimds ¢arri4d ftirnvd 58,143 53.021 58.143 Page 20
ststement of Finsincial Activities by fund for the Ye4r Ended 31 March 2023 Restrleted Funds Total R¢$trlcted Funds 2023 Total Restricted Fundg 2022 lrteome and Endowments from: Donations and legaci¢s Total in¢ome 14.774 19,573 14,774 19,S73 Expendlture on: Charithbl¢ activities 33,365) 43.921 Total ¢xpenditstre 43,921 N¢t expenditure Transfer5 between funds {18.591) (24.348) 24.348 ReoonclliAtlo# of fundg Tota] funds Carried forward This pago does not fortn part of the ststutory financial statements. Page21
Detailed StAtement of Finaneixl Activities for the Year Ended 31 March 2023 Tot#1 2023 Total 2022 Income aDd End0wmets from: Donations and legacies (analysed beknv) Cbaritable activities {aDalywJ below) Other trading activiti (analys b¢low) Totsl inrne 78,954 41,236 43 87.247 41.536 53 120233 128.836 ExpeDdlture on: ising fimds (analysed below) Charitsbl¢ activities (ana]ywA b¢low) Totsl expenditi]re (157) 128,074 (216) 123,498 128231 123,714) Net {expendiftweyinc(*ne Net movem¢nt in fimds 7,998 5,122 (7.998) 5,122 ReconelllatloD of Total fimds brou¥hi fonvaTd Total funds carried fonward 58,143 53,021 50.145 58,143 This page do&$ Not fonn part of the stalutory financial statements. Page 22
Detsiled Statement of Finaneial A¢tivilies for the Year Ended 31 Marcb 2023 Totsl 2023 Total 2022 Donodons and lezacl Appeals and donatiom ApalS and donations Glft Aid tsx r¢¢14im¢d Gra1- oth¢r ag¢n¢i¢s Grants. other agenci¢5 4,553 25,455 3.119 15,020 39,1(N) 13.938 2.658 14.774 47.584 78.954 Chapllable aellvllles Bike Start sales 41.236 41,536 41.236 Oiher trt athldej Fund rdisin8 ¢vents 43 53 43 53 Commissions payable 157 (216) 157 216 Charftsble acdvld¢s Bik¢ stsrt MlnIC Wageg and sal8Ties W4g¢5 and 541aries Staff NIC IEmployers) Stsff pensions {Other). pelon stheJDe I Staff pensions (Other). pension $dme I Staff welfare Staff welfare Volunt¢¢r exp$ Volunteer exn¢S Depreciation of plant and maehiwy Staff ¢rainin8 Staff trainin8 (13.898) (29.198) (40,365) (14,812) (38,736) (21,512) (490) (849) {1274) (374) (349) (276) (690) (317) (311) (451) (321) (1,945) (224) (265) 12,189) {578) {489) (1,796) (2220) {13,500) Tr*velling Travelling Re¢ruStrneni Rent and rates utilities Utilities Rcpairs and rnainknr Client well being packs (2.654) {13,5(N)) (240) (4,060) (1,397) (802) (1,103) (3,257) (1.017) Pa8e 23
Detailed Ststement of Finaneial Activitses for the Year Ended 31 Marcb 2023 Total 2023 Total 2022 (10.552) (147) (1.947) (13.117) PriDtin& Frf)sla8e and sthtion¢ry Sunthy ¢xpenses Cost of trustee meetings Advertising Advertisin8 Bank chary¢$ Sundry expens¢s Accountancy fees Lega] and professional fees Legal and professional fe (2.698) 130) (70) (7) (162) 1392) (13) (2.060) (240) (407) (942) (1.071) (2,060) 87 128.074 123,498