REGISTERED COMPANY NUMBER: 03066714 (EDglnd nd Wale$) REGISTERED CHARITY NUMBER...I 118469 REPORT OF THE TRUSTEES AND UNAUDITED ANC STATEMENTS FOR THE YEAR NDED 31 MARCH 2 FOR wis AMPR llllllllllll Illl èACHD4TO3" 11r2023 cPANIEs HOUSE A14
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Ch¥ioi House Lin)ited CtLartered Accountsnts 44 Grdnd Paradc Brighio E&st Sussex BN2 9QA
HA ROJ HO ONTENTS OF THE FINANCIAL TATEMEN RT E YEAR ENDED 31 MARCH 2023 PAge Report of the Trn$¢ets IndependeNt Examiner's Report ststem¢mt of FiDa•¢l8J A¢tivities 10 Balttce Sheet 11 to 12 N•te5 to ihe Finncial Statements 13 to 20
YOUNG LEWISHAfvI PROJEcr ORKSHOP REGISTERED NUMBER: 03066714 RT HE FOR THE YEAR ENDED JI IKARCH 2023 A Wml from Th¢ Chalr Life at the Young Lewisham Projeci 15 never quiet. and csrttially over the past year. As a tru5Lee over the ycars, I have wilnc55¢d thr projerl urtdvgo nuTnerous transfomaiion& aT¥J this year we have sUeSslI1Y realizEd many of our long.temi plans as a wrn. Year afTei year. the prtsje¢t has ¢xperi¢nced growth. thanks tts it)cr¢ased fvndirtg from ow supportive pamer5 and refen15 from sch(N)Is. both of whom I would like to thank for their OllBoin8 SUPPOrt This Sustained progre&8 has allowed u5 10 achieve the highem income level ITr stvcral years. making it the largesi thc project as ever been. This r¢]n#rkable accomplishment is a testsment to the dcdicatiOD of our st•lTam aud enables us to reach more young people than ever before. To atmmOdate the proj¢cVs expansion. we have implemented S¢ra1 changes and redefLned the worting dynamic5 of our5tsff ieam. In the pa. when the projecr wa5 smaller. our managernent learn ¢onsi$ted of ihrtt individal5 who 3h3TEd leadu5hip restth5ibililic5 while WOTking ¢l(Kly wilh the Board of Trustee5. AlihoLLgh this atrangemcnt was never forma112ed as a tiwtive, for example, It served Is an cfftciive way of operatin8. However, with the incrwing demands from fimders and iht growit)g number of youn8 peoplc we scrye, thi5 StnKtUTe becamc increasingly challenging. In November. we introduced thc p)5ition of Managing Diwlor to provide cleaT leadcrsbiptr wbil¢ maintaining clos¢ Collaration with th¢ two senior manag¢rs. This chan8e, in addition lo enhanced stsff training and management. P05itioninE the project for its next phase of development and rutur¢ wllaiK>ratiOn5 With larger fUl¢r5. OD¢ orth¢ higbligh15 of this year has been our c105c pthcrship with the Lewisham Council, particularly through the Vittijal S¢hool ProJe¢t and b¢ing s¢lKted as the Mayotrs Chaniy of the Year. This htgh-profile opportunity not only broLLghi addiiional funts io the project bui also raised ILS profjle amon8 the coun¢il's stJff ressdeftts. W¢ wert honoured host th¢ Mayor ai OVT proj¢¢t and hope h¢ aqmired a few ¢y¢ling skills for the thrure. Looking ahead, the support the projert has received shows no signs of slowin8 dowj. ensuring our continuou5 presence for the young people of Ltwisham whenever they need us. We cageAy anticipate what the next few year$ wll bring and the posilive growth that the Young Lewisham Projeci and the youttg 0p1¢ it serves will experien¢t iogeth¢r The tsustets who are also dir[01$ of th¢ tharity for the puTros¢s of the Companies Ar¢ 2. pr¢s¢ni their rewjrt with the financial statements of the charity for the year ended 31 Mah 2023. The tru5ttts have adopted the provisions of Accountin8 ar Reporting by Charities.. Sutcment of Recomrnended Practice applicable to charit1¢5 Preparing their accounts in accordan¢¢ with the Finanrial Rep)rting Srandard applic•blc in th¢ UK •Ld RepublLC of Ireland IFRS 102) lefftstive l January 2019). OBJECTIVES AND ACTIVITIES Objectives alms The Young Lcwi5ham Project 15 a re8iStered Charity working primarily with youn8 people aged I1- 18. Our aims and objectives are". To provide a safe inclusive e¥%vifonmeni offering youn8pa)ple enn¢hment and ie-engagemeni opw1uftits&S Ihrou learning a rdngc of skills. including mtsiorcycle merhanics. bicy¢le rnainicnan g8rdeniD& healthy (¢king. ¢aTP¢ntry. painting, aTts and ¢rafts. Music production. dr187 art and gym . To provide young people with the oppornjnity of uking part in physical activities nornially available to them, such as Tesideniial and off-5iie excursion . To off¢r young peoplc the opportunity of gaining credJtation and improvtng their numettcy and lit¢ra¢y athd social . To offer advice. guidance and empowcr ycwjng roplt by tncouraging them to take contwl of their lives and makc d¢ci5ions th¥t will promo¢¢ their welfare and ¢nhance their fuwrts. • To help young people from th¢ NEET ¢atrgory to either teturn io educiothiDin8 or gain employmeni. To Improve outcomes for yowi8 people. $0 that every yOg person a¢hieves their poteniial. To promore equal oppornmiiies. • To encoura8e social interacuon between youn8 people and iherefore promore social inclusion. . To encourdgt young people 10 be fully involved wiihin the projeci and its managerneni. • To fvlfil the GovemmeDI'S aim for every young perstsn. whatever their background or their cir¢wnstan¢es. to have the 5UPPOrt they need to be healthy. stay safe. enjoy and athievt, make a PM)$itive COntributi(>n and achieve economic well-bein8. Thi5 cornplies with th¢ obJIS s out in the Memorandurn and Articlt5 of Associauon of a5sislin8 and educating young peopl¢ aged 25 or less. resident in or etnployrd or attrThJing 3D ¢ducationol ¢stsblishrnent within the ixsndort Borou8h of Lewisham Ire8ardless ol sex. class. ra¢¢. religion or political or other opinions) so &$ 10 advance their physical. meThlal and spiritual capacities that they may grnw w full aduli matiwity within the ¢ommunity. Page I
YOUNG LEWISHAM PROJECT ORKSHOP GISTERED NUMBER: 03066714 RT HE FOR THE YEAR ENDED 31 MARCH 21123 Publ1¢ ben¢fit In shaping our objeciiv&s and plannin8 our activiiies for ihe year, tht TnLsiees have given consideration lo the dutie$ %t out in sectron 17(5) of the Chariiies Aci 205 I to have duc Te8ard to public benefit. In particulaT, the TTUSites have considered how the plarttted 9clitieS will ¢onthbvte to ¢hc overall aiTns ond obie¢tives thar they have sei. ACHTEVEMENT AND PERFORMANCE Charitable •ctivitie5 li's beett an ex¢iling year with increasing eapa¢iry at the PToJe¢t to eable u$ to better resp)nd to the oeeds of our youn8 people. families aod partner5 The COVLD pandemic followed by the Cost-of-Livin8 crisis has laken a huge toll on young people's mental health.- 83•h of people aged 13-25 say their meDtsI healih has negatively impart¢d by th¢ ¢urTtnt ¢conorni¢ rlimot¢ (UK Youth rtporL J3D 2023). This in¢r¢as¢ in mental health has led a surge i demand for our ser¥i¢¢ from otjr parniers Ilwl schools, P¢4)il Referral Ut)Itx Youth Offendin8 Serviee. Social Services and the Leavin8 Care mI.. referrals have increased by 46•A in the l&st year. We are also seeing a Silf$Can1 increose in Trfert)ls fTOm other Alitnulivc Educalioll Pmvidcrs as young peopl¢ with the hWJ¢st n¢¢ds ar¢ S8g1¢n8 10 cope evert in specialist edtscaiional sertirt8s. YLP is untqu¢ because it offers a more holi5ric. supportive environmeni which focu5e8 on pfdctical skills such as mororrycle maintrnance. carpentry. cooking and art% whikn 5ti11 PFoviding people with (Th (0 College N¢hvork) ac¢r¢ditations. We have appointed a Managing Director who is taking a more stra¢e8i¢ lead and dTiving th¢ project towards its aims and objtttjves and in September we will have 2 Sjll time tutor roles and a lead tutor to suprym. Thts will allow morc time to deliver face to fr4¢e WOTk. complete OLrt¢ome sthrs 8Th1 better gather the evid•t about our Im¢ this will also allow bettei foGus ott the wder operations of ihe project and development oppornmitics. We are cuntnily Working on a new strategy which rcpresents the ever-changing landscape of our work and will htlp u5 to provid¢ a more stteamlined. cosi-eff¢ctive scrvice whi¢h offers the flexibiliry and creativity rneluding the in¢re&sing so¢ial and e101 nttd5 of our young people. We ar¢ reviewing and txpandit)g our offer 10 ineorporaie 8 wider rattgc of a¢iiviti¢5 Therefor4 in ordtr to manage this, we havc iocreased our staffing levels.. I¢ year our ststrjng ratio was 1..4.. this yw Li is 1..3. with an additional staff rnember available to support with challengtn8 b¢haviour. We hav¢ also r¢cTui*d Staff with high¢T skills and ¢xpe[]Ce to ensure everyone receives the support ihty need io succttd. and more accredjtations. Intreasing aTJd trainin8 the tearn to have more tiTne and tter resources 10 work with complex needs. Having rn0 finance administrnlion and monitoring support LO provide bctter infrastWCLure to th¢ proj¢¢t. We are also in the ptoccss of setting vp a job club to help irAprov¢ employment Ou0Me$ of our young people. The acc¢ss gym and ¢ycling project been delivering successfully to improve the health #nd well-being ouT¢omes for our young ptoplc through trip& &Ctivities and workshops. This is something we are ke¢n to exiend, its also ofyer digitsl media and art-bosed PTDj¢Cts in the new school year. The Grub Club goe5 from strength To strength and since 5ignrficant funding from Si James Place we wr Committed to PToviding b)th a healthy breakfast and lunch to our young pc¢wle to ¥ssi4 families wryth th¢ tost-of-living crists. Wc finally sccured pcppcrcorn rent frDm Lewi5harn Council for our prcmi5ts 8hd are Currently Tdentifyirtg and tkIng rther Capital fvndittg in)tiative$ thai will help us ¢ornpl¢tf OUT building work Our Virtual School exclusions co-ordinator and The Lighl1U5e project is 8oiThg well and are keen ID expand on the work. cr¢ating.another fvll-time post 5tsrting in September 2023. this will give us artothei member of fijll-iirne who will d¢liver stsfft)on for Young Lewisham Project and Virnjal School youn8 pcople who are excluded from school. PaE¢ 2
YOUNG LEWISHAM PROJECT ORKSHOP EGISTERED NUMBER: 03fJ667 EP RT STE 31 We are now rnnning two groups each day across three days of the week- which means we are better utili5ing our space and coniinuing (0 signifieattdy improv¢ OD the referral fiding we are bringing we now have a mucb beller balatKe of referral income aThJ grdnt iri¢ome and we are hoping w shift this even fijrther over the next year to have about 70% of our in¢OTT)e from referrnls making us a mu¢h more sustainable busine55 model. .The digitsl media side of our work 1$ ¢ontinuing to flourish. with a range of rn$1¢ pr(yJu¢tion. film rnoking and t-shirt d¢signing courses belng addtd to our otyer and taken up by %hotsls. We ar¢ ¢omJnitt¢d to the continuaiion of this area of workand con5thntly seekin8 fimdÈn8 for new equipment and seekAll8 new porthetsbws which will add valll¢. We have had more of a focus on fictIOnal Skills wilh rn0 Students completing written eletnents to our courst5 each week. We have also been otyering one its one tutoring where appropriate and necessary. This is working well individual Sdents who really need litIc4] onc to oli¢ $uppon to impTOVC confider¢ and skills in this area. Our web5ii¢ and social media continue io go fiom strrnyh stren8th, with a Bat following across our social media. We have been off¢d 8ran15 and nominad as tzwisham MayoTS chariry of the year in rcsponse to the con5tani new content 3nd visibility of the tnJJJy activirits and 5ession5 are being delive1. Havin8 a dedicated wk force behind thi5 has b¢En key the success of this sidE of the work and we committed continue to put re50ur¢es into keeping our pres¢n¢e out there reflecting thc frcsh •)d cxciring work we are delivering. W¢ also us¢ th¢s¢ channels to thank our fvnders. highlight new partnerships and ask for resources w¢ - we r¢¢enLly W¢ gifted a piano Ln resFKJns¢ io a request for one on our s¢Kial5. A team of stsff and of th¢ rhaTity did an 80-mil¢ sponsored ¢y¢l¢ ride mJdwinter to maTonI woods whiGh raised £26(M) *Jd buill OA litths with Noah'$ Atk children's venture to WE can vi$it r¢guIarly ID th¢ upcoming year. We expandcd the workshop off¢ron the digitsl media side of thin8s. improving our IT equipment and software to allow young people to complete courses in- digital design. phologrdphy. fashion ¢k5ign and T shirt production. This has led to a relaiionthip with UnL4410 which we Continue to build ort. Pa8t 3
You EW SHAM PROJ OR HOP GISTERED NUMBER: 03066714 RE RT OF THE TRUSTEES We rdn two tnusi¢ pru¢ll0 work5hop5 whith w¢re fidly fundNJ and offrT¢d to lo% m?irLsttEam %bools wbts have slru8gled to acces5 our service duc w bud8¢t constraints. The gntb club fed att average of 6 youn8 le per day. a bigger on Sittin8 and eating Logeth¢r, a Teal highlight of the day and so nice to see yowig people enjoy F¢d cooked by theirpeers. Srarted working with 5 new schools whose young pw)le continue to access the setvice. StrEngth¢rKd ¢xi$ting r¢lion5hips with 5dwols wi¢h visil&ioint worl TeSOUffe sharwg amd rommuniutioo5. Shared our fflEnibus with. a Lewisham y¢Juth nball team 3 times. with Lewisham young carcrs 6 time5 and wilh a local primary school oft¢e. This enabledthcm a¢tiviiie$ whith othmvise would not have gont ahtad. Installed CCTV. new burglar 18frn and furtber incrt4sed security to tKotect OUT new e4tsipment and furthEr safeguard our assets. Conlinued to have r¢ally positive f¢cdbxk from Schools. Kla1 worker5. parenty fafET5 arKI oth¢rcomrnunity groups. With thi5 amazitlg 5UPPOrt we hav¢ achieved some really Brcat thiTtgs this ycaT. We have-. 126 Unique Young People Supp)rted Average attendance of 5 young ptopl¢ per 5cssis)n for a of 2160 dircct ¢ngag¢m¢nts with young p¢opl¢. Delivered 38 certificatrd OCN 10 ow leam¢rs. mainly io the year I I s bui the youn8 sThJdents also achieved Units which t oniinue io build on ihis vear. Been on 19 off site activities and taken young peopkon 2 rtsid¢ntial tTtps. Young people aged 13-25 say their mental health has been negatively impacted by the cutreDt economic climat¢ Pw4
OUNG LEWISHAM PROJECT ORKSHOP EGISTERED NUMBER: 03066714 REPORT OF THI TRUSTEES FOR THE YEAR ENDED 31 MARCH Z023 FINANCIAL REVIEW Financial p05itii)11 The Charity's incom¢ itt ihe finantial ye8reDded 3 1st March 2023 £419.614 and £267.567 in 2022 The total ¢xpendiNre was £362.901 for 2023 al £267.153 for 2022 wtively. Funds carrt<l fonvard at 31st March 2023 wert £48,324 reslricted and £154.72] unr¢5triCtcd. Post COVID-19, Th¢ ChaTity embork¢d on puwin8 its goal Of seeking to gen¢rate tnrome attd our inttividuai referraJ5 programme to boosl our unrestricted fvDds as evidenced in our itlcome for tbe year under review. We ¢ontinu¢d with all our ¢xisting projecrs increasing number5 in sorne of the grDUPS and managed a5 well 35 to add new 8roups and initiatives. W¢ hav¢ therefore be¢n abl¢ to in¢rease our frt¢ teserv¢s as well as oiir T¢Stri¢ied fijnding. This is in no small way duE to hard work a1 deienninaiion by our staff and th¢ unwavering suppon of our fiinders. parthers and oiher support agencies. Part of our new fundraising marketing strate8y ts the us¢ of swTrai media and this has paid off immensely 2s we have been able to attra¢r the attention of prospeclive fimder5. young people and referrÉng agencies. The highlighi beittg named th¢ Lewisham M8yor'$ Clthrity for the y¢ar with provided a funh¢r inj¢ctiOll of fiJnd5 thJough aciivities or8ani5ed by the Mayor. Wt have also tar8dcd Ire h[$ at (uThltaisin8 for specific CO tentres Ihke worksh¢Jp suppli¢5. cquiprnent and for grdnts £IOk and under. As well as ccmenting thc long-emablishcd TellonShiPS with our fvndcrs and reraining those fuTth through excellcnt r¢porting #nd me¢ting outcorn. w¢ trying to PEneNa othcr funding rwwkets in ordu to mainiain and increase our ndraising ptofil¢. The planned review of our referral PTogTammes tnablcd us ¢0 increase our fees effective from September 2022 and this has helped in alleviaiiTh8 some of the finaYJc)al pressures Jn respe£t ofincre&8es itt energy bills. fvel. food and salary ¢ost. We continue to review our referrdl 5tragy and cutTently ourprices rernain reasonable which still allows some toom for manoeuvring a price uplift Should the TSed arise. which will ketp us abTOSt with cornpetii0TS offuing the same kind of setvices. Young Lcwisham Project r¢main5 ¢ornmitd to its ¢ore vahJcs and distinctivencss and $0 our aim is io monitor the fundraising and frtt rcserve5 tnvirotlment closely. We are rnaKimLSiti8 our efforts to use rtsources in the mo&t effective, ¢ffJci¢nt and econornical ways possible to btncfjt thc young people we scrve. our other bcncficiarics and 5tskeholder5. We aim to b¢ a more Tespon$iv¢ service in lertns of th¢ n¢¢d5 of our Tcferr¢rs #nd yowig pwple and eontirtue to participate with them on thrs key level of en8agem¢ni artd well as seeking oui new partnerships and undertakings to furth¢T b0051 our charitable acl¥vitics and remain cutting edge. The conrinued support of the Youth Offending S¢rvice of IA)Adon Borou8h of t£wisham. local 5choo15 aT college5 and 811 our various part[shipS and referrdl agenctes during the year ha5 bgen most itWlLritJ8 ar we are m05t appreciative. To all our funder5 including the Msrs and Erant grving organ1110ns that have awarded u5 Much sought after fiJnd5 duTing the year. including The Natyonal Lottery. M¢rthant Taylor. 8aTbarJ Ward Childrert's FniiDdation, Garfield WeSn Foundotion. Thc J8Lk Petchy Foundatiort. The Lcaiher5tllets' Company Rets Lila Howard Foundation. Groundwork UK. L&Q, TFL Cycl¢n8 & Walkin8 Fund, Kusum4 Hobsons, The London Communjty Fund. Princt of Walts Foundation, Drapers. Merchan( Taylor& B&skffl Makers. WÉlliam Hatcliffe. wt remain grateful for their financial assistance. We aTe also 8reatly indebied to and appreciative of the Mayorof t£wislLam for choosin8 Ils &$ the Charity of rhe Year which ha5 Jlot only rdi5Ed the Charity's profile bui brought in additional streams of income. We extend our h¢artftlt thanks to everyone who has made individual donations to the Prtsjcct, either through fundrnising and local ¢ommunity evenrs, vio the donate option on our website. Every single ¢ontributioo ha5 played o notsble part in fa¢ilitsting. maintaining and rcalising our urtd¢rtakin8s while evtn mott pojniedly is the p)sitive impact which sueh mtanin8fv1 support has accomplished ihe lives of the youn8 w)ple who attend iht Projeci. Pag¢ 5
LEWISH JE GISTERE NU 0667 REP RT F THE TRU TEE R THE YEAR ENDED 31 MAR H 2023 FINANCIAL REVIEW Investment ptslicy and objrttives Under th¢ Memorandum and Articles of Association. th¢ Proje£t has the power to invest in any Wdy the dirKtors wr5h. The Management Committee, having regard to the Itquidiry requitmcnts of Ihe Projett and to th¢ res¢rv¢s policy. have operaied a policy of keepin8 available htnds In an irlwest be•n"n8 deposit account and seek achieve a rate of deposii inteTesi which rnatches or exceeds inflation. Reserves poli£y In accordance with th¢ Chariry Commission's guidelines on reserves (which meaTh funds thai are unrestrided and neither designated for particu]ar PUTP05¢S nor held as fixed as5etsX the Young Lewisham Projea sets out below its policy in re$pe¢t of establishing atxl maithtsining reserv¢ The Management are of the opinirjn that ideally the res¢T¥es shId be sutYi¢ient to Ver three month$ essential staffing and rnwiing costs. lo ensu that all the groups Tun by the Projc¢t may ¢oniinu¢ with the minimum ofdisrnpiEon or brou8hi to a $atisfactory eonclusiort in the event ofenforc¢d cash flow d¢fJ¢icncies whi¢h equates to no less than £45.(. The resetves CLLrrenily available. which ar the yearnd stood at £75,(XKI meei thrs []1¢Y. The Mana8ement Committ¢¢ wtll review this policy annually. FUTURE PLANS We currcntly Working on a new stsatrgy which rrprcsents ihc cver-changing Ldscape of OUT work and will hclp us to provide a more strcamlintd, cosl-effrtive s¢rvice which offers the flexibility and crtstivity our young people need. This includes reviewing and expalldittg our offer to incorrrfJFate a wider tan8e of activitie5 and more ac£reditaiLon's. IncT¢a5ing and training the team w have more timc and berter resource5 to Work with compkx needs. Having rno fADath¢e. administration and moaiioritig support provide betrer ithfrnstfU¢tyre th¢ wij¢¢t. W¢ are also in the process of setting up a job club to help improve employment outcomcs of our young people. The open ee$S gym and cyclipg p¥oject has t¢n deliveving succ¢ssfvlly to iTnpT(>ve th¢ health and w¢ll-bett)g out¢OTnes for our young people ihrollgh thps. aciiviiies and workshops. This 1$ something we are keen to extend. also off¢r digitsl rnedia and art-based projects in the new sch1 ye4r. are planning some activities that we will deliver jointly with the Mayorfs team ¢0 bring in &Jditional funding. STRUCTURE GOVERNANCE AND MANAGEMENT Governlng ducument The Young Lewishwn Pmject. louTed in 1974. is a regittewl charity and ¢omparty limiiryl by guarane, governed by irs Memorandum and Articles of Association dated 9 Junc 1995. The financial stsiements comply with Current stabjtory requiremenw wd requiTemcnts of th¢ Memorandum and Articles of AsKlatIon. Rrtruitment ppoiThtment of llew tru51tt5 The direttors of the company are a15ts charity trusitts for th¢ purFw5 of tharity law and under the mPaNY'S Articles are known as fftetnb¢Fs of the Managerncnt Committ¢¢. Under thr requir¢m¢nts of the Memorandum and Articles of Association the members of the Mnagem¢ni Committ¢¢ ate ¢l¢tted al each Annual Gerjeral Merting and intlud¢ the Chair. Vicc Chair and Treasurer. Organisational strucwre For the Managernent of ihe Project. The Trusiees have appoint¢d a full-tim¢ Nlanaging Director ¢ff¢ctivc from Novembu 2022 for the day-104tay r¢sponsibiliiies for the service proviston. Two oth¢r Managets support th¢ Managing Dirth in this rtslt as part of the rnaThagern¢nt team. The Mana8¢meni Conmiinee retains r¢sponsibility for the Stra]¢ ditiOn poli¢y of the project and m¢eis be¢¢n six and len limes per year. Sub-¢ommitw ar¢ c¢)nveoed deal with speciaj issu¢5, ¢g HIL Th¢ Se¢rewy also sits on the Committee bui ha5 no voting ri8his. Organi$atlott•l structre The Management Committee meets between six and ten times peryear artd is resp(>nsible for the srrdtegi¢ diffction and policy of the Project. Sub-committtts are convened io deal with sp¢¢ial issues. e.g. HR. Tbe Se¢retary also stts on the Committee but has no voting rights. To deliver the Projecvs strategic plans ihere is a scheme of delegation in place and day ¢0 day resp0Tr5ibility for the provision of the scrvice5 rc5ts With the rnana8ernent team. Page 6
VOUNG LEWISHAM PROJECT HOP REGISTERED f4uMBER: 03066714 REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE COVERf4ANCE AP4D MANAGEMENT Induction and triThiDg of ner4 tru51ees .N¢w Management ComTllitt¢C Tn¢rnb¢ts are identified by existthg In¢S and stsff of the ProjecL initially serving as tO-OPted members and, if Itesired tonfim)ed at the next AGM to serve f( fijll three-yeor tenn. They a provided with a Copy of rhe Memoratjdurn and Articles of AsxKiation. along with the mom recent annual repon and annuaj reviews. when they sign the declardrion lo becorne a member. A copy of the Charity Commis5iO))'s public4tion'The Essential TTusiee.. you need to know. ICC3) is also provided. rogcther with the Young Lcwi5ham Projecvs Trustee Induction Poli¢y. Th¢y will b¢ invited ro me¢1 and vi5jt the Project and to tslk to staff and voluThtCe. Relted prties Norte of our tru$Lees re¢¢iv¢ remuneration orother benefit from their Work with th¢ Young Lewisham Project. Any connection between a tnjstee or sethior manager of the chanty with a contratkd 5upplJer rntsst bc disc105cd tts the board of trusttes in the same way as any other contracwal relationship wih a relaied party. Tn the tu¢ni year rK) Suth relad porty trwisaclions WCTC rcported. Risk manggtme•t The Mana8ement Comrnittee h&$ eonducttd a revitw of the major risks lo which the Project is exposed. This is reviewed annually. Where appropriate. system5 or procedures have been established io rnitigale thc risks the PToject A kcy cl¢meThi in the rnana8cment of financial risk is the ttIng of a rt%rves policy and its regular VIeW by the Martagement Cotnmitt¢r15¢e below). Particular attention focused on non-fJDaacial risk5 arising from fire. hcalth alld safety of the young people. both whilst on the Proj¢ct's pr¢mis¢5 (5pccifirally in the workshop areas) and whr151 participating in off-511e al rc5JdeDlial activiti¢s and on safrguarding. Rel¢vant Jiisuiaii¢¢ Is maintsJn&l to cover any lijbility ts) prt>j¢¢i staff and Glrents for incidents at off-site events. REFERENCE AND ADMINISTRATIVE DETAIts Registered C•mpamy ntsmber 03066714 (England and Wales) Regi$t¢red Cbarlty numb¢r 1118469 RegI$t¢red 01£¢ 124 Kilmorte Road London SE23 2SR Trusttes Ms E S Bannister (resigrd 2816r2023) I P Bern¥rd J R Easiham {resigtJed Inr2023) DMAGree Ms K Mccook M5 E V Power D C B Tarling D Shah Company S¢¢retAry M5 Y Dodson Page 7
YOUNG LEWISHAM P ORKSHOP GISTERED NUMBER-. 3066714 REPORT OF THE TRUSTEES REFERENCE AND ADMINISTRATIVE DETAILS Independent Examlntr Mark Partri4Jge FCA Chariot Hous¢ Ljmited Chartered Accounranrs 44 Grand Pa1¢ Brighton East SUSSEX BN2 9QA 17111 /LoZ3 Apprnved by order of the of mjsteeson............................................. and signed on its behalf by". D Shoh- Tnle¢ Page 8
PEND NT YOUNG LEW[ IN HAM PROJEcr EPO ORKSHOP EE OF IDd¢ptAdent ¢xmin¢r's repon to the trnstees of Young Lwl$hAm Projttl Ovorkshopl ('th¢ Company.) I re[ to the chatity tn on my examination of the accounts of the Company for the year rnded 31 March 2023. Responslbilities and bss5s of report As the chaTIty'S trUS(ecs of the Company (and also its dirfftors for the PUfFrfJses of conyany law) you are Te5ponsiblt for th¢ preparation of the ac¢ounLS in a¢¢ordan¢e with the rquiremcnts of the Compwnies Act 2()6 Cihe 2006 Act). Having satisfied myself that the accounts of the Company are noi ]zqutred to be audited under Part 16 of rhe 2006 Act Ind •Te eligible foi independent examination, l TeWI in TespECt of my exarnin4ti¢)n tsf your charitys accounts as carried out under Secrion 145 of ihe Charities Aci 2011 Cihe 2011 Aci). In carrying out my examLiJatiott I have followed the Directions given by the Charity Commission under Section 14y5) Ib) of the 2011 Acr. Independent examlner s Stlterntot Since your charity's gross income exceeded £250.(KKI your exarnitxr be a mernkr of a li5*d body. I can confirm thai J am qualified to urtdertake th¢ examination be¢au5e l am 3 member of the Institu of Charnercd Accountants i Engla[ and Wales. which ts one of the listed IxJdi¢5. I have completed my ¢x3mination. l ¢rJnfirn) th•t no IliAtte hJv¢ comc to rny atlcrbtion in conn¢cti(Ki with the cxamination 8iving me cause to believe- accounting records weTe kept in tEspect of th¢ Company &$ t¢quir¢d by Stttion 386 of the 2006 Act" or th¢ accounts do noi accord with those r¢conJs.' or Ihe a¢eoun¢S do not Comply with the a¢¢ountJng requifftncnts of SectiOTt 396 of the 21K16 A¢t other than any requirement that the accounts 8ive * ttue and fair view whi¢lL is Dot a matter considered as part of irtd¢pendenl ¢xarninaiion' or the 2¢counts have noi been pr¢parfyJ in a¢d with the methods and prin¢iples of the sleMent of Recommended Practice for accouniing and reportitlg by charitie5 (applicable to charities preparing their accounts in accordantt with the FiTwxci31 Reporting St4TKlard applicmbie in the UK and Republit of Ireland IFRS 1021). I hav¢ no ¢on¢errts aThJ have come •¢ross no othet matters in Con]110 wtth the examination to which a¢¢¢ntion should be drawn in this repon in order 10 enable a understandin8 of the accounts w be reached. Mark Partridge FCA Th¢ In$iiiuie of Chartertd A¢¢ountsnts in England and Wales Ch4ri01 House Limit Chartered Aceouniants 44 Grand Parade Brighton Easi Sussex BN2 9Q IY JOLS Pag¢ 9
YOUNG LEWISHAM PROJEcr WORKSHO TA OF AN TIE 2023 TOMI 2022 Total funds Unre5tricd Restricted fiujd fuTM INCOME AND ENDOWMENTS FROM Donations and ItBacics 19.378 187,995 207,373 97.153 Charitable adivities Chantable Activities 204,051 7,160 211211 162,614 Investmcni incomt Other Iorne 1.030 i.ojo 16 224 459 195 155 419614 267 567 EXPENDITURE ON Charltble ctivltieJ Chariiabl¢ Activities 188385 174516 362 267 153 NET INCOME 36.074 20.639 56,713 414 RECONCILIATION OF FUNDS Total funds brought forward 118.647 27.685 146J32 145,918 TOTAL FUNDS CARRIED FORWARD 154721 48.324 203.045 The notc5 fom) part of these financial thments Pa8e 10
YOUNG EWISHAM PROJEcr ORKSHOP TERED NUMBER: 03966714 BALAN 31 MAR E SHEET H 21J23 2023 Totsl fimds 2022 Totsl nd No¢¢s FIXED ASSETS Tan8ible assets 34.815 34.815 26.732 CURBEpif ASSE13 DebtOTS Cash at bank and in hand 2.461 159.956 2.461 9,928 163 202 162.417 48.325 210.742 173,130 CREDITORS Amounts falling due within one y (42512) {42.512} {53.5301 NET CURREiYf ASSETS 168230 TOTAL A&SETS LESS CURREKr LIABILrriES 154,720 48,325 203.045 146.332 NET ASSETS 154.720 48.325 203.045 FUNDS io Unttstticied funds Restricted firnds 154,720 118,647 TOTAL FUNDS The charttsble Company 1$ ¢ntitled to ¢xempknon frvm audit under Srftion 477 of the Companits Act 2006 for th¢ year ended 31 March 2023. The members have not required the company to obrain an audii of its financial staiements for the Y eTLded 31 March 2023 in accordance with Section 476 of the Cornpanics Aet 2006. The twstees a¢knowledge their responsibilities for (al ensuring thai Ihe eharitable company key ac¢ountirtg r¢¢ords thai comply wilh Sections 386 and 387 of Ehe Companies A¢t 2 and preparing firtancial statemtsts wh"Lcb give a tru¢ atsd fair vi¢w of th¢ sttte of atTairs of the ¢haritabl¢ eompany a5 at the end of each financial year and of its SlIL$ or deficit for each fLDaftcial year ITh accordance wsth the uirem¢nts of Section5 394 and 395 ar which oihclwix comply with the Iwuirem¢nts of ihe Companies Acl 2Crf16 relating to financial statemthlts. so faras applicable ro the charitable eompany. (b) Th¢ note5 form part of these financial 5ratemtnts Pagell continued...
YOUNG LEWISHAM PROJEff ORKSHOP REGISTERED NUMBER: 03066714 ALANCE HEE JI MARCH 2013 Tb¢sr finan¢ial statements have b¢cn pr¢paT in attonlan with the provisions appliublc to ¢haritsble companies subj¢¢t to the small ¢ompanies ¢¢8lllle. Inaneiol ststem¢nts WWE appToved by the BD3rd of Tnts*es and authorised for issu¢ Ill....25 . and were signed on irs behalf by.. D Shah - Tru51¢¢ The noles forni pan of these financial mtements Page 12
YOUN LEWISHAM PROJ ORKSHOP TH R THE YEA IN END IA STAT I MARC ME ACcOUrING POLICIES Bsis ol preparlng tht findal st8ttthents The financial staicments of the th8ri&ble company. which is a public bcnefii entity undtT FRS 102. have been prepared in accordance with the Charitie5 SORP {FRS 1021 'Ac£ounling and Krporting by ChaTitie5'. Ststem¢nt of RK0mmdcd Pracii¢e appli¢ablc to charitie5 preparing their accounts in a¢cordan¢c with the Financial Reporting Stsndard applicablc in the UK and Republic of Ireland (FRS 1021 (effective l Jartuary 20191,. Financial Reportin8 Ststhdard 102 The Finattcial Reportin8 Stsndard applicable in the UK and Republic of Ireland. and the Companies Acl 2. Tht fLnancial stalements havt been prepared wxlcr the historkcal cost convention. In£ome All income is r¢¢ognis¢d in the stsment of Ftnancial Aciiyiiies once thc charity has entitlcmcnt to the funds, it j5 probable that thc income will bc rcccived and ¢k arnount can be rncagtr reliably. Expelldit¥re Liabiliiie$ art recognised a5 expcnditure a5 soon as there is a legal or ronstwctive obligation committing th¢ charity to that ¢xp¢nditur¢. it 15 probable thai a transfer of economic bcn¢fits will b¢ reguir¢d Jn s¢ttlement )nd thr amowjt of th¢ obligation catj be m¢a5ured liablY. Expendiwre is accounted for on an accnjais basi5 and ha5 been classified under headin8s thar a8greBa(e all cosi lal ro the category. Where r05ts cannot be directly attributcd to particular headings they have been all¢xata to 1VitIeS on a basi$ consistent with the usc of r¢sourr¢s. Tangible fixed wets Dtpr¢cialion is provid al thc following annual ¢S ID kr to writ¢ off ea¢h &$5¢t ovei estimated u$¢fvl life. Plant and machinery FixThres and fittings Motor vehLcles Cornputer equipment 25% and on co 25% and 5¢Yh on co 25°h and 50°A on ¢osi 331Jh r)n c05t T4xtlo The Charity is constder¢d to pass the tesrs sd out in Paragraph I Schedulc 6 Finance Act 2010 and therefore it rneets the definition of a charitable company for UK co>Tation Tax PUTPO5¢5. Accordingly the ChaTity is potentlally ¢xernp¢ from wation in T¢5pe¢t of income or capital gairts received within categories ¢overed by Chapter 3.Part I I CorpoT3110ts Tax A¢t 2010 or Section 256 of the Taxion rjf Chargeable Gains Act 1991 to the extent that 5u¢h income or 8aios are appli>J exclusively to Chl[able pur5¢$. Fllttd 4etounting Unr¢sth¢*d fvnds Can bc US in ac¢ordan¢e with the charitable rtJj¢¢tives at the dixrerion of the mtstees. Re5tricied funds can only be used for particular restricted purwTrse$ wiihin the objecLS of the ¢h#rity. Rcslrictions arise when specified by the donor or when funds are raised for partictslar resmtcted PUTposes. Furfh¢T explanaiion of the and PUTpose of each bjnd is included in th¢ Th)tes to th¢ financi81 statements. Pen510D Costs and other p05t-retirernent benetits The charitable company operates a defined contribuihon pensi¢Jn erne. ContriltIOnS payable to the charitable ctsmpany's pension scherne are ¢har8ed to the Statement of Fioan¢ial Activities 111 th¢ period to whi¢h they relate. Page 13 con(tnued...
UN OJE TEST THE FINAN IAL TATEMENT FOR THE YEAR ENDED 31 MARCH 2023 - Eontinued INVESTMENT ANCOME 2023 2022 tkposit account intercst 16 NET INCOMEIIEXPENDITUBE) Nei in¢omel(expertdJiure) 15 $ed after cha1(¢[&11tig).' 2023 2022 [kpclaI1Qll- owa¢d assets TRUSTEES. REMUNERATIOJ¥ AND BENEFITS There were no ttustee5' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees. expenses There werE no trustte5' expen5e5 paid for the year eIed JI March2023 nor for the ytar ellded 31 March 2022. STAFF COSTS 2023 2022 Wages and salaries Social Urity costs Other pettsiott Costs 214.709 13,024 137,651 7.282 232 323 147 336 The avera8e monthly nurnber of employees duiing the year follows.. 2023 2022 ChaTitable A¢iivities Fundraising Governance io No ernployc¢s e1Ved anoluments in cxcw of £60.(. Thc total remuncration paid to key rnanagcment personnel thLring thr yr wa5 £112,154. Pa8e 14 conlirtu...
YOUNG LEWISHAM PROJECT ORKSHOP TES TO THE FINAN RTHEY R ENDE JAL STATEMENTS- tontinyed 31 fvIARC 2023 COMPARATIVFS FOR THE gfATEMENT OF FINANCiAL ACTIVITIFS Unrestrithed fund Re51ricltd funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 1,627 95.526 97.153 Charitable activitle5 Charitable Activiiies 156J26 6288 162.614 Investment income her inwm¢ 16 16 Toi*l 165 753 101814 267 567 EXPENDITURE ON Charltable actlviti¢S Charitablc Activitie5 267 153 IYET INCOMEIIEXPENDITURE) 8,688 (8274) 414 RECONCILIATION OF FUIYI>S Total fund5 broughi forward 109.961 35.957 145.918 TOTAL FUNDS CARRIED FORWARD 146.332 TANGIBLE FIXED ASSETS Fixttjres Plant aDd machinery Motor vehicles Computer equipment rJtiinBs TotaJ5 COST Al l April 2022 Additions 5.852 14.725 9.468 53.934 10.o(x) 7.190 81.701 At 31 March 2023 5.852 103 872 DEPRECIATION At l April 2022 Cha¥8e for year 5.852 8.767 35.083 5,267 848 54,969 At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022 5,958 Page 15 ¢oniinued...
YOUNG LEWISHAM PROJECT WORKSHOP TE E FINATrI IA TATEMEN REN ED 31 MAR H20 DEBTOIiS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 TTad¢ debiors P¥epaym¢nts ond ac¢rued income 9.083 CREDITORS: AMouNfs FALLING DIJE MTHIN ONE YEAR 2023 2022 Trade crrditOTS S<Kial security and other taxes Othcr credir5 Actruals 2nd d¢f¢fftd income 4,089 8.277 1.664 1,596 3.007 595 io. MOVEhiENT IN FUNDS Nei twvem¢ni in fi]nd5 At 3113123 Ai 114f22 U•rutritted funds General fiLDd 118.647 36.073 154.720 R¢$tricted fvnds Garfield Weston Jack Peichey Foundation Youth Offending S¢rviee Other Grants 23.IMX) (1.758) 367 (3.501) 4.5 1.250 4,374 {1.012) 1.813 {10,000) 1.607 23,000 1,223 852 4,317 4.500 1.378 6,448 2.981 7.818 Groundwork UK TFL Walkin¥ & Cy¢ling- Groundwork TNL Community Ftsnd William Hatcliffe Kusuma Trust UK Merchant Taylor 128 2.074 1.012 3,187 10.c TOTAL FUNDS 146.332 56.713 203.045 Page 16 ¢ontinued...
YOUNG LEWI HAM PRoJEcr ORKSHOP I¥OTES TO THE FITr¥ANCIAL STATEMENTS- eontinued R THE YEAR ENDED 31 MARCH 2023 10. MOVEMENT IN FUNDS- tontiD•ed movement in funds. includ¢d in th¢ above are as follows:. IornIng Resources expended Movement in fiJnd5 Unrestricted fundj G¢n¢rdl fund 224.459 (188.386) 36,073 Reslrl¢ted fwnd$ Garfield WesLI)n Jack P¢i¢hey Foundatio Sir Wtlliam Boreman FouDdatiOD Yotb OffeTtding Service L¢athcrs¢ll¢Ts Barabara Ward lIdm Fwld Other Grants 38,695 2,700 10.O(M) 7.160 14.999 10,0 12,732 (15.695} 14.458} (lo.1) 16.793) (14.9991 (10,000) (16.233) (8,6101 (15,0001 {250) (4.356) {11.012} (2.310} (3.187) {10.(KK)) (10.0001 15.8931 (10,000) 13,511)) 23,Th)0 11,7581 367 (3,5011 4,500 L&Q Reta Lila Howard Found8ti¢Jn Groundwork UK TFL Walking & Cycling- Groundwork TNL Communiry Fund L£wisham Youth Theatre Williatn Halcliffe Kusuma Trusi UK Hobsons Merthant Taylor London Community Fw Doyly Cart¢ Lewi5bam Virtual Sch¢1 15,( 1,250 4,374 (1,012) 8.730 10,( 2.3 10 1.813 (10,(Kio} lo, 7,500 iO.¢MKI 3,5(K) .607 195 155 174515 TOTAL FUNDS 419614 3629)1) Page 17 continutd...
LEWISHAM PR ORKSH NOTES TO THE FJNANCIAL STATEMENTS- c•ntityed FOR THE EAR ENDED 3 MARCH 2023 iij. MOVEMENT IN FUNDS- C•mpar•tlves for movement In Net rnovem¢ni ID fund5 At 3113t22 At 114r21 Unrestritted funds G¢neral fund 109.961 8.686 118,647 Restricted funds Ja¢k Petchey Foun<tsiion Awards FOT All- Big tAJttery Rotkboume Youth Club Youth Offending Service L¢ath¢rsell¢rs thher Grants 1,027 3.041 123 259 3,867 10.534 1,954 (3.041} (1231 226 (3,8671 12.716) 11061 {1.8721 {2.9261 (8,9881 3.187 2,981 7.818 Groundwork UK TFL Walking & Cycling- Groundwork TNL Community Fund William HJtcliffe Kuwma TTr UK 128 2.074 l.012 3,187 iO.(MM) TOTAL FUNDS 145918 414 146.332 Page 18 continued...
YOUNG LEWISHAM PROJECT ORKSHO NOTES T FINANCIAL STATEMENTS- ¢ontiowd YEAR ENDED 31 MARCH 2023 io. MOVEIKEIYT IN FUNDS- eonthi*ed Compardlive nct nx>vcment in fund4 Includ in th¢ above ar¢ as follow5.. . ITKoming Resourc¢s expended Movemeni in fvTMJ5 Ullrtstricted fuDd5 Genernl fund 165.753 (157.067) 8.686 Restricted funds Garfield Weston Ja¢k Pei¢hey Foundation Award5 For All - Big ttery Rockbourn¢ Youth Club Youth Offendtng S¢rvi¢¢ Leathersellers Bardbara Ward Childrens Fu1 Other Grants 11.305 6.999 (11.3051 15,0451 {3.041) {l231 (6,062) 113.867) (5.(MXI) (23.257 19.497) {10.(wJ} 13,872) {2.9261 18,988) {i.(Kx>i (4.2) (1,8131 1.954 13,041) (123) 226 (3,867) 6,288 iO.(MMJ 20,541 9.391 10.(xJ) (2.716) (106) Ret& Lila HowaTd Foundation Groundwork UK TFL Walking & Cycling- Groundwork TNL Cornmuttity Fund Baily Thomas Charitable Futtd Lewisham Youth Theatre William H•tcliff¢ K5mI TnL%t UK (1.872} (2,9261 (8.988) 4.290 3.187 i0.i)00 io.lxN) 101.814 110086 TOTAL FU]¥DS 267 567 267 153} 414 The purpos¢ oleach restricted fund is as follow5.. Awards for All - Grnb Club provith"n8 lunth'and ckIn8 suFwI for youn8 twple attending s¢s$ions ai Ihe Young Lewishawn. Rets Lila- Trd5h 2 TreLwre upcycling Ixojeci Ja¢k Pet¢hey- Aciivitics for the young pcople attcThJing Young Lcwisham L¢ath¢rsellcr5- Towards CO costs for Youn8 Lewisham The Fore Raft - Covid Resww funding w1 towa5 laptops and fleece¢qUJpMCn1 to cttable staff io work from home.or outside City Bridge- Covid rryon5e fuNling- activiiies and some equipment for the gym and garden Barbard Ward- Mad Al)out Motorbikes (motor bike ¥¢ivities & workshops for yout)g pwle). L&Q - Power to the Pedal. Salurday and Monday tvening cyclin8 and rtITss SsIonS for the youn8 rthple att¢nd2ng. Page 19 continued..
YOUNG LEWISHAM PROJECT ORKSHOP NOTES TO THE FINANCIAL STATEMENTS- ¢ontinued FOR E YEAR ENDED 31 MARCH 202 MOVEMENT I1¥ FVNDS- contin¥ed YOS . ReParlon ses$ion5 commissioned by Ltwisham Yth Off¢TMtiftg Scrvi¢¢ on rolling programme 50 w¢¢ks of the year. Garfield Weston- Mad A1 Motrwbikes (mOrbIke ¥iivtties and workshops foryoung pwple). TFL- s¢rappage scheme from old mTni bus Grout)dwork- WCGL- Power to th¢ Pedal for school bas cycling rnajn¢¢na¢ workshops. Clothworkers - donation t0dTS purchase of the minibus Variery. was a150 doDaiion Lowards the w of the mini bus TNL Cotntnunity (Awards for All) Gnth Club providing a hot luKh and cooking 5UPPOrt for yowig ple ati¢nding s¢ssion$ * th¢ Young Lewisham. William Hatcliffe- to fund an extrd djy fundrniser andbusintss development Young Lewsham Theatre - sraffing cost proje£t ¢04yrdinaw durin8 F•swand r¢mainder core sraff costs Bally Thomas. staffing cost Trash for Ireasure ll¢]1ng project Ku5wna- 8iven flexibility by funders ro be speDi xross projeci delivery. ii. CONTtNGENT LIABtLITIES During rhe year the w&$ an nfOrna* accident involvtng on¢ of our servi¢¢ users, howev¢r the trustees are confident that the COSLS will be fijlly covered by our insurance. 12. RELATED PARTY DISCLOSURIS There W¢Te no relatcd party transxtions for the ytar ended 31 March 2023. Page 20