REGISTERED COMPAIYY NUMBER: 03066714 (England and Wales)
REGISTERED CHARITY NUMBER: 1118469
REP
RT
F THE TRUSTEES AND
NAUDITED FIIYANCIAL STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
FOR
YOULYC LEWISHAM PROJECT
WORKSHOP
Chariot House Limited
Chartered Accouniants
44 (rrand Parade
Brighton
East Sussex
BN2 9QA
*ADG3ZQ19•
1811112024
COMPANIES HOUSE
A10
#31

YOUNG LEWISHAM PROJECT
ORKSHOP
CONTENTS OF THE FIIYANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Chalrman'j Report
Report of the Trustees
Independent Examiner's Report
Slalemen¢ of Financial Activities
Balance Sheet
10 io 11
Note$ to the Flnaneial Statements
12 10 19
Detalled Statement of FinAnei#l A¢tivitie$
20

YOUNG LEWISHAM PROJECT
WORKSHOP
CHAIRMAN'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Life at ihe Young Lewisham Project is never quiei. especially over the pasi year where I have witnessed the
project undergo some really significant transfornutions. This year we have successfully accomplished some
long terni ambitions by increasing the size of our amazing team of staff and undertaking some much needed
modernisalion of our building. All of this means we can give an even belter offering io our young people to
help them be the bes( they can be.
Year after year, the projeci has experienced growth, thanks to increased funding from our supportive partners
and referrals from schools, both of whom I would like to thank for their ongoing support. This sustained
progress has allowed us lo achieve the highest income level in several years, making it the largest the projeci
has ever been. This remarkable accomplishtnent is a testament to the dedication of our stsff team and enables
us to reach more young people than ever before.
To accommodate Ihe project's expansion, we have implemented slru¢iural changes and redefined the working
dynamics of our staff team. Taking on a new behaviour support role and two more tulors. With support of
Land Aid we are looking al how we can increase the classroorn and workshop space of the building lo enable
us lo have greater capacity to meet ever increasing demand.
These changes, in addition to enhanced staff training and management. has p051tioned the project for ils next
phase of development and future collaboration5 with new schools and larger ￿nders. The projeci has also
widened its OCN accrcditattons offer, enabling more choice and better routes for progression.
One of the highlights of this year has been the strengthening of the relalionship with Lewisham Council and
Virtual School. with an addilional member of Lighthouse Project slaff based full time within the team. Out
of hour's provision is also expanding which means the project now has activities running every day after
school and on a Saturday morning.
Looking ahead, the projeci shows no signs of slowin8 down, ensuring our Continuous presence for the young
people of Lewisham whenever they need us. We eagerly anticipate what ihe next few years will bring and the
posilive growth that the Young Lcwisham Projecl and the young people il serves will experience togeiher.
Page I

YOUNG LEWISHAM PROJECT
ORKSHOP
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are a150 directors of the charity for the purposes of the Companies Act 2006. present iheir
report with the financial s(atemenlS of the charity for the year ended 31 March 2024. The trusices havc
adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Young Lewisham Project is a regISte￿d Charity working primarily with young people aged I l - 18. Our
aims and objectives are..
- To provide a safe inclusive environment offering young people enrichment and re-engagemenl opportunities
through learning a range of skills, including motorcycle mechanics, bicycle maintenance, gardening, heal(hy
cooking, carpentry. painting. arts and crafts. Music production. digital an and gym
To provide young people wilh the opportunity of laking part in physical activilies noi nornially available 10
them. such as off-site excursions.
To offer young people the opportunily of gaining accrcditalion and improving their numeracy and literacy
and social skills.
- To offer advice, guidance and empower young people by encouraging them to take control of their lives and
makc decisions Ihat will promoie their welfare and enhance their fulures.
To help young people from the NEET category lo either return to edu¢a¢ionltraining or 8ain employment.
To improve outcomes for young people, so that every young person achieves their potential. To promote
equal opportunities.
To encourage social inleraclion between young people and therefore promote social inclusion.
To en¢ourAge young people 10 be Sjlly involved wiihin the project and ils management.
To ￿lfIl the Government's aim for every young person. whaiever their background or their circumstances.
to have the support they need to be healthy, Slay safe, enjoy and achieve, make a positive contribution and
achieve economic well-being.
This complies with the objects sel out in the Memorandum and Articles of Association of assisting and
educaiin8 young people aged 25 or less, resideni in or employed or attendin8 an educational eslablislunent
within the London Borough of Lewisham (regardless of sex, class, race, religion or political or other opinions)
so as to advance their physical, mental and Spiritual capaci(ies that they may grow to full adult mawrily within
the community.
Public benefit
In shaping our objectives and plannin8 our aclivities for the year, the Trustees have given consideration lo
the duties sei oul in section 17(5) of the Charities Act 201 l io have due regard 10 public benefil. In particular,
the Trustees have considered how the planned aciivilies will coniribute to the overall aims and objeclives thai
they have sel.
Page 2

YOUNG LEWISHAM PROJECT
WORKSHOP
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Charitable Ydctivities
This year has been marked by significant growth and development at Young Lewisham Project (YLP),
enabling us to belter respond to the needs of our young people, families, and partners. The ongoing impact of
the Cost-of-Living Crisis, continues to place immense pressure on our families and young people. leading lo
anoiher year of increasing referrals and growing demand from our parthers, including local schools. Pupil
Referral Units, Youth Offending Seryices, Social Services, and the Leaving Care (eam.
Referrals from other Aliernalive Edu¢a¢ion Providers have continued to grow, as young people with the most
complex needs siNggle 10 cope even within specialised educaiional settings. YLP'S unique approach
continues to sel us apart, offering a holistic, supportive environment thai priorilises wellbeing and practical
skills such as motorcycle maintenance, bike maintenance, carpentry, digital media, music production,
gardening, sports, cooking and the arts, all of which youn8 people Can gain an OCN (Open College Network)
aGcreditaiion.
To better meet the growing demands on the service we have recruited an addilional fvll and part time tutor
and we have a Behaviour Support role to fill. This will help us to undertake more fa¢e-to-face engagement.
have smaller groups and gather more robusl evidence of our impact. This expansion of staff will also enable
us to concentrate on broader project operalions and explore further development opportunilies. Having a
music lutor 3 days a week and a full timc art and design tutor has enabled us to deliver more of these sessions
and really develop bo(h these pans of the project. l am very much looking fonvard to seeing how these
activilies continue to evolve.
The open-access aciivilies have continued to thrive. with new sessions on offer, a kn'nship cookery project,
and a virtual school children looked after you¢h club night alongside the exisiing offer, these activities aim to
significantly improve health and well-being outcomes for our young people through various trips, aciivilies,
and workshops. We are exciied lo extend Ihis inilialive in the new school year, incorporating di8ithl media
and art-based projecES and a session for 18-25 year old young adults 10 ￿rther engage our participants and
local community.
We have undertaken some of the urgent works required al the project, we P41so secured a grant to refurbish the
kitchen which will take place over the summer enabling us to remain operaiional while works are underway.
We have been working closely with Land Aid and have also had a visit from an architect and 3D plans drawn
up which would enable us to utilise our space more efficiently. We will continue 10 seek additional capital
funding iniliatives to help us complete our ongoing building work. which will further enhance our service
delivery capabilities.
Finally, our Virtual School-funded exclusions projecl, Tht Lighthouse, continues to grow, with two full time
members of the team in place and the project 8rowing next year io have a third, Ihey are working in 3 schools
and Ihe day lime exclusions numbers ebbing and flowing across the year. With a new Early Help team in
place in the local authorily there is now strong momentum lo expand this work further.
In conclusion, this year has been one of significant progress and transforniation for YLP. We remain dedicated
to adapiing and growing in response to the challenges faced by our young people and Iheir families. With an
expanded team. improved infrastructure, and a forward-looking strategy, we are well-positioned lo continue
making a positive impact in the lives of Ih05e we serve.
Page 3

Yo
LEWISHAM PROJECT
ORKSHOP
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Financial position
The Charity's income in the financial year ended 31 si March 2024 was £474,776 and £419,614 in 2023. The
lolal expenditure was £493,982 and £362,901 for 2024 and 2023 respectively.
Funds carried forward ai 31 si March 2024 werc £21,640 restricted and £162.199 unrestrictcd.
The Charity continues to pursue its goal of seekin8 out new income sources and growing the individual
referrals programme lo increase its unrestricted funds. This Seems the best way forward as the res¢ri¢ted
funds market appears sa￿ra¢ed wilh applicaiions and competing priorities for the same funding pots. We
continue 10 work towards new vocational pathways and initiatives 10 widen what we offer in order to atiraci
new referral inlerests. We are also working 10 widen ihe refe￿al5 calchment area and this has already started
lo bear frnil. The diligence and
resolve of our staff team and the sleadfasl support of our funders, partners and agencies are sources of
inspiraiion and motivation.
In addilion lo the use of social media. our fundraising strategy ftow includes working with an external agency
to increase our fundraising 5UPPOrt. This ha5 enabled us to &p new funding markets as we aim attract and
reach rnore prospeclive funders, young people and referring agencies.
We continue io target more
fvndraising hours towards specific cost centres like workshop supplies, equipment and for grants £ Iok and
under. We are also working on a new fundraising strategy lo increase our visibility and really sell our service
brand.
Over the pasl years the referral rale was kept ticking over unchanged, however the new financial year will see
a 470/0 increase io refle¢1 the market raies of our compeiilors, The plan is to work towards a fvll cost recovery
model as well as yearly increases in our prices to keep abreasi with the market. We also seeking to get
banded rates with a higher cost for needs led, person centred service. all in an allempt lo boost over
unrestricted funding income which has had lo offset the £19.2k deficil in the review period.
We are seeking to strengthen the well esthblished relationships with our funders and contlnue to maintain
those links through excellent reporting and achievement of desired outcomes.
We are seekn'ng 10 penetrate
other funding markets and also offer more off site services while adding new vocational iniliaiives to the
exisiing niche provision.
We aim to keep our referral and pricing strategies under review in line with market
Irends while simultaneously responding to the needs of our customers.
Young Lewisham Project's commilment ¢0 ils core values and uniqueness remains resolute. As part of the
moniloring and free reserves environment the trustees will review the reserves policy in the period under
review.
We continue 10 make every effort to utilise rcsource5 in the most effe¢tAve. efficient and economical ways
possibl¢ io maximise the benefits of our service provision lo our young people as well as all of our other
beneficiaries and stakeholders. The facility remain5 responsive as pertaining lo the needs of our refe￿eTs
and young people.
Stakeholder participation and cngagement are key priorities as we pursue new
partnerships and activities to enhance our charitable activities and slay relevant.
We are grateful for ihe support of the Youth Offending Service of tKJndon Borough of Lewisham, local
schools, colleges and all our numerous associates and referral agencies during the period under review.
To all our funders including the trusts and granl organisations that have awarded us much sought after funds
during the year. including Merchant Taylor, Barbara Ward Children's Foundation, Garfield Weston
Foundation, The Jack Pelchy Foundation, The Leathersellers, Company, Reta Lila Howard Foundation.
Groundwork UK. L&Q. TFL Cycling & Walking Fund, Sport England, Hedley. William Boreman, St James
Place and William Hatcliffe; we say we are most appr¢¢ialivc of your support. We are also indebicd lo The
Morrisons, Foundation and The Elizabeth Legacy Fund for their generosity towards the refurbishment cost of
our premises.
Funders
Page 4

YOUNG LE￿SHAm PROJECT
WORKSHOP
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
We extend our 5incerest gratitude to absolutely everyone, to the many individual donations io the Project,
either through fundraising and local communily events, via the donaie Option on our website including The
Gem]an Church Sydenham. To the siaff of London Borough of Lewisham who ran th¢ London Marathon and
donaled the proceeds io our charity, we say a massive well done and thank you. Every single donaiion has
been beneficial in enabling, maintaining and achieving our endeavours. This really assists in such an impaciful
and unquantifiable manner in positively influencing the lives of the youn8 people who attend the Project.
Investment policy and obJectlve$
Undcr the Mernorandum and Articles of Association, Ihe Project has the power lo invest in any way the
directors wish. The Management Committee, having regard to the liquidity requirements of the Project and
to the reserves policy, have operated a policy of keeping available funds in an inieresl bearing deposit account
and seek to achieve a rate of deposit interest which matches or exceeds inflation.
Reserves policy
In accordance with the Charity Commission's guidelines on reserves (whlch mean fijnds that are unrestricted
and neither designated for particular purposes nor held as fixed assets), the Young Lewisham Project seis out
below ils policy in respect of establishing and maintaining reserves.
The Management are of the opinion that ideally the reserves should be sufficienl to cover three months
essential staffing and running costs, io ensure that all the groups run by Ihe Project may continue with the
minimum of disruption or brought to a satisfactory conclusion in the evenl of enforced cash flow deficiencies
which equales ro no less than £30.000. The reserves currently available, which at the year-end stood at
£141,085, meet this policy. The Management Commillce will review this policy annually.
FUTURE PLANS
We ar¢ currently working on a new strategy which represents the ever-changing landscape of our work and
will help us lo provide a more sireamlined, cosl-effeciive service which offers (he tlexibility and creativity
our young people need. This includes reviewing and expanding our offer to incorporate a wider range of
activiiies and more accreditation's. Increasing and training the team to have more lime and better resources to
work with complex need5. Having more finance, admini5tralion and monitoring support lo provide beiier
infrastructure lo the project.
We are also in Ihe process of setting up a job club to help improve employineni ouicomes of our young people.
The open access gym and cycling project has been delivering successfully to improve the health and well-
being outcomes for our young people through trip5, activities and workshops. This is something we arc keen
to extend, lo also offer digital media and art-based projects in th¢ new school year.
STRUCTURE, GOVERNANCE AND MANAGEMEIYT
Governing document
The Young Lewisham Project. founded in 1974, is a registered charity and company limited by guarantee,
governed by its Memorandum and Articles of Association dated 9 Jl￿e 1995. The financial stalements comply
wilh current sta￿l0ry requirements, and rcquiremenls of the Memorandum and Articles of Associaiion.
Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law and under the Company's
Articles are known as members of the Management Commiltee. Under the requirements of the Memorandum
and Articles of Association the members of the Management Commillee are elected al each Annual General
Meeting and include the Chair, Vice Chair and Treasurer.
Organisational structure
For the Management of the project, the Trustees have appointed a full-lime Managing Director effective from
November 2022 for the day-to-day responsibilities for the service provision. Two oth¢r Managers support the
Managing Director in this role as part of the maT]agernent leam. The Management Commillee retains
responsibility for the strategic direction and policy of the project and meets belwcen six and ten times per
year. Sub-committees are convened to d¢al with special issues, eg HR. The Secrelary also sits on the
Committe¢ but has no voting rights.
Page 5

YOUNG LEWISHAM PROJECT
WORKSHOP
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Induction and tr*inlng of new trustees
New Management Committee members are identified by existing trustees and staff of the Project, initially
serving as co-opied members and, if desired, confirn)ed al the next AGM 10 serve for a full Ihree-year tem.
They ar¢ provided with a copy of the Memorandum and Articles of Association. along with the mosi recent
annual report and annual reviews, when they sign the declaration to become a member. A copy of the Charity
Commission's publicaiion 'The Esseniial Trustee.. What you need to know, (CC3) is also provided, together
with the Young Lewisham Project's Trusiec Induction Policy. They will be inviied to meet and visit the Project
and to talk ¢0 staff and volunteers
Related parties
None of our trustees receive remuneration or other benefit from their work with the Young Lewisham Project.
Any connection between a trustee or senior manager of the charity with a contracted supplier must be
disclosed lo the board of (rustees in the same way as any other contractual relaiionship with a r¢lat¢d party.
In Ihe current year no such relaied party transactions were reported.
Risk maDagefflent
The Managerncnl Commi¢tee has conducted a review of the major risks to which the Project is exposed. This
is reviewed annually. Where appropriate. systems or procedures have been established io mitigate the risks
the Project faces.
A key element in the management of financial risk is the setting of a reserves policy and ils regular review by
the Managernenl Committee (see below).
Particular attention has focused on non-financial risks 8risin8 from fire, health and safely of the young people,
both whilsi on the Project's premises (specifically in the workshop areas) and whilst participating in off-site
and residential activilies and on safeguarding. Relevant insurance is maintained to cover any liability to
project staff and clients for incidents ai off-site evenls.
REFERE]YCE AND ADMINISTRATIVE DETAILS
ReEi$tered Compiny number
03066714 (England and Wales)
Registered Charlty number
1118469
Registered offlce
124 Kilmoric Road
London
SE23 2SR
Trustees
Ms E S Bannister (resigned 281612023}
I P Bernard (resigned 2811112023)
J R Eastham (resigned 11712023)
DMAGreen
Ms K Mccook
Ms E V Power
D C B Tarling
D Shah
Company Secretary
Ms Y Dodson
Page 6

YOUNG LEWISHAM PROJECT
ORKSHOP
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Mark Panridge FCA
Chariot House Limited
Chartered Accountsnts
44 Grand Parade
Brighton
Easi Sussex
BN2 9QA
Approved by order of the board of truslees on .
and signed on its behalf by-
hah - Tn￿te¢
Page 7

INDEPENDENT E￿￿MINER's REPORT TO THE TRUSTEES OF
YOUNG LEWISHAM PROJECT
WORKSHOP
Independent examiner's report to the trustees of Young Lewisham Project (Workshop) ('the
Company,)
I report to the charity trustees on my examination of ihe accounts of the Company for the year ended
31 March 2024.
Responslbilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 {'the 2006 Act,).
Having satisfied myself that the accounts of Ihc Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respeci ofrny examination of your charitqs
accounts as carried out under Section 145 of the Charities Act 2011 ('Ihe 2011 Act,). In carying out my
examination I have followed the Directions 8iven by the Charity Commission under Section 145(5) (b) of the
2011 Act.
Independent examlner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I
can confirni that l am qualified lo undertake the examination because I am a member of the Snstitute of
Chartered Ac¢ountsnts in England and Wales, which is one of the lisied bodies.
I have completed my examination. I confimi that no matters have come to my attention in connection with
the examination 8ivin8 me cause to believ¢..
accounting records were not kept in respect of the Company a$ required by Section 386 of the 2006 Act; or
Ihe accounts do not accord with those records. or
the accounis do not comply with Ihe accounling requirements of Section 396 of the 2006 Act other than any
requiremenl that the accounts give a true and fair view which is not a matter considered as part of an independent
examination; or
the accoun(s have not been prepared in accordance with the methods and principles of the Statemcni of
Recommended Practice for accounting and reporting by charities (applicable lo charities preparing their accounts
in accordance with Ihc 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
atiention should be drawn in this report in order to enable a proper und¢rstandin8 of Ihe accounts lo be reached.
Lrj
Mark Partridge FCA
The Institute of Chart¢red Accountanls in England and Wales
Chariot House Limited
Chartered Accountants
44 Grand Parade
Brighton
East Sussex
BN2 9QA
Date..
ASL
Page 8

YOUNG LEWISHAM PROJECT
WORKSHOP
STATEMENT OF FINANCIAL ACTIVITIE
FOR THE YEAR ENDED 31 MARCH 2024
2024
Tothl
funds
2023
Total
funds
Unrestricled
funds
Restricled
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
22,857
210.574
233,431
207,373
Charitable activities
Charitable Aclivities
229,701
7,160
236.861
211,211
Inveslment income
Other income
3.634
850
3,634
850
1,030
Tolal
257,042
217,734
474 776
419 614
EXPENDITURE ON
Charitable aetivities
Charitable Aclivilies
299 563
194 419
493,982
362,901
NET INCOMEI(EXPENDITURE)
(42,521)
23,315
(19,206)
56,713
RECONCILIATION OF FUNDS
Total funds brought forward
154,720
48,325
203,045
146,332
TOTAL FUNDS CARRIED FORWARD
112.199
183,839
203,045
The noles forni part of these financial statement8
Page 9

YOUNG LEWISHAM PROJECT
WORKSHOP
BALANCE SHEET
31 MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Noies
FIXED ASSETS
Tangible assets
21,117
21,117
34,815
CURRENT ASSETS
Debtors
Cash at bank and in hand
43.344
43,344
150.163
2,461
208,281
71.637
121.870
71.637
193,507
210,742
CREDITORS
Amounts falling duc within one year
(30,785)
(30,785)
(42,512)
NET CURRENT ASSETS
91.085
71,637
162 722
168,230
TOTAL ASSETS LESS CURRENT
LIABILITIES
12.202
71,637
183,839
203,045
NET ASSETS
112,202
71,637
183,839
203 045
FUNDS
Unreslricled ￿ndS
Restri¢ied fvnds
io
112,202
71,637
154,720
48.325
TOTAL FUNDS
183,839
203 045
The charitable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 March 2024.
The member5 have not required the company lo obtain an audit of its financial sthtements for the year ended
31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trusiees acknowledge their responsibililies for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companie5 Act 2006 and
preparing financial statements which give a true and fair view ofthe sthie of affairs of Ihe charithble company as
al Ihe end of each financial year and of its sU￿lUS or deficit for each financial year in accordance with the
requiremenis of Sections 394 and 395 and which otherwise ¢omply with ihe requirements of the Companies Act
2006 relating to financial statements. so far as applicable to the charitable company.
(b)
The notes fonn part of these financial statements
Page 10
continued...

YOUNG LEWISHAM PROJECT
ORKSHOP
BALANCE SHEET- e ntinued
31 MARCH 2024
These financial stsiements have been prepared in accordance wilh the provisions applicable to charitable
companies subject lo the small companies regime.
The financial $￿tementS were approved by the Board of Tn￿le¢S and auihorised for issue on
Il /ll./.LcJZ-*
. and were signed on its behalf by..
D Shah - Trust¢¢
The notes form part of these financial statements
Pagell

YOUNG LEWISHAM PROJECT
WORKSHOP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Basis of preparing the financial $talemen¢s
The financial Stslemenls of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with ihe Charities SORP (FRS 102) 'Accounting and Reporting by
Charities.. Slaiement of Recommended Practice applicable 10 charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effeclive l January 2019),. Financial Reporting Standard 102 The Financial Reporting Standard
applicable in the UK and Republic of Ircland, and ihe Companies Act 2006. The financial statements
have been prepared under the historical cost convention.
Ineome
All income is recognised in the Statement of Financial Activities once the charity has entitlement to
the funds, 1¢ is probable ihal the income will be received and the amount can bc measured reliably.
Expenditure
Liabilities arc recognised as expenditure as Soon as Ihere is a legal or ¢onstnJcliv¢ obligalion
commilling the charity to thai expenditure, 1¢ is probable that a transfer of economic benefits will bc
required in settlement and the amount of the obligation can be measured reliably. Expendi¢ure is
accounted for on an accruals basis and has been classified under headings thal aggre8ale all cosl
related to the category. Where costs cannot be directly attributed lo particular headings they have been
allocated to a¢tiviti¢s on a basis Consislenl with th¢ use of resources.
Tlngible fixed assets
Depreciation 15 provided at the following annual rates in order to write off each asset over its eslirnated
useful life.
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment
250/0 and 50/0 on cost
25/0 and 50% on cosi
25/0 and 500/0 on cos(
33% on cost
Taxatlon
The Charity is considered to pass the lesls sei out in Paragraph I Schedule 6 Finance Act 201 O and
therefore it Meets the definition of a charitable company for UK Corporation Tax purposes.
Accordingly the Charity is potentially exempt from iaxaiion in respect of income or capital gains
received wiihin caiegories covered by Chapler 3 Part I I Corporaiion Tax Act 2010 or Section 256 of
the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied
cxclusively lo charitable purposes.
Fund 2ccounting
UTLrestricied funds can be used in accordance with the charithble objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Reslricllons arise when specified by the donor or when funds are raised for particular restricted
purpose5.
Further explanation of the nature and purpose of each fund is included in the notes lo the financial
stalemenls.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contribuiions payable to
the charitable company's pension scheme are charged to the Statemeni of Financial Aciivities in the
period to which they relate.
Page 12
ontinued...

YOUNG LEWISHAM PROJECT
WORKSHOP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT INCOME
2024
2023
Deposil account interesi
3,634
1,030
NET IIYCOMEI{EXPENDITURE)
Nei income/(expcnditure) is sthted after chargingl(crediting)'.
2024
2023
Depreciation - owned assets
Surplus on disposal of fixed assets
19.396
14,088
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for thc
year ended 31 March 2023.
Trustees, expenses
There were no truslecs, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Other pension costs
328,081
25,960
7,619
214,709
13,024
4,590
361,660
232,323
The avera8e monthly number of employees during ihe year was as follows..
2024
12
2023
Charitable Activities
Fundraising
Governance
14
No employees received emoluments in cxcess of £60,000.
The total remuneralion paid to key managemenl personnel during the year was £162,191 (2023:
£112,154).
Page 13
conlinued...

YOUNC LEWISHAM PROJECT
ORKSHOP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
COMPARATIVES FOR THE STATEMENT OF FINAI¥CIAL ACTIVITIES
Unrestricted
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donaiions and Icgacies
19,378
187,995
207,373
Charitable activities
ChariLqble Aciivities
204,051
7,160
211,211
Invesirnent income
1,030
Tolal
224.459
195.155
419.614
EXPENDITURE ON
Charitable activities
Charitable Activities
188 385
174 516
362,901
NET INCOME
36,074
20,639
56,713
RECONCILIATION OF FUNDS
Total funds brought forward
118,647
27,685
146,332
TOT AL FUNDS CARRIED FORWARD
154,721
48,324
203.045
TANCIBLE FIXED ASSETS
Fixtures
and
fittings
Plant and
machinery
Motor
vehicles
Computer
equipmeni
Totals
COST
Ai l April 2023
Additions
5,852
24,193
63,934
9,893
103,872
5,698
At 31 March 2024
5,852
28,293
63,934
109,570
DEPRECIATION
Ai l April 2023
Charge for year
5,852
11,747
6,371
45,343
11,927
6,115
1,098
69,057
19,396
At 31 March 2024
18,118
57,270
NET BOOK VALUE
Ai 31 March 2024
10,175
6,664
21,117
At 31 March 2023
12.446
18,591
3,778
34.815
Page 14
continued...

YOUNG LEWISHAM PROJECT
ORKSHOP
NOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR ENDED 31 MARCH 2024
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayinents and aecrned income
40.428
2,916
2,461
2,461
CREDITORS: AMOUIYTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and other taxes
Oihcr creditors
Accruals and deferred income
2,646
8,257
1,618
18,264
4.089
8.277
1,664
28.482
42,512
io.
MOVEMEIYT IN FUNDS
Nel
movemeni
in funds
At
3113124
Ai 114123
Unrestricted funds
G¢n¢ral fund
154,720
.(42,518)
112,202
Restricied fund5
Garfield Weston
Jack Pclchey Foundation
Sir William Boreman Foundation
Youth Offending Service
Other Grants
23,000
1.223
(23,000)
246
2,456
(852)
(1,317)
(4,500)
(1,378)
(4.347)
(5,000)
(1,146)
12,150
1,469
2,456
852
4.317
4.500
1,378
6,448
5.000
1.607
3,000
L&Q
Groundwork UK
TFL Walking & Cycling - Groundwork
William Haicliffe
Merchant Taylor
Sport England
Building Rcfurbishmenl
2,101
461
12,150
50,000
48.325
23,312
71,637
TOTAL FUNDS
203,045
19,206)
183.839
Page 15
continued...

YOUNG LEWISHAM PROJECT
ORKSHOP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
io.
MOVEMENT IN FUNDS - ¢on¢inued
Net mov¢rnent in funds, included in the above are as follows..
Incoming
resources
ResourGcs
expended
Movem¢nt
funds
Unre$tricted funds
General fund
257.042
(299,560)
(42,518)
Reslrieted funds
Garfield Weston
Jack Pelchey Foundation
Sir William Borcman Foundation
Youth Offending Service
Leathersellers
Barabara Ward Childrens Fund
St James Place
Other Grants
(23,000)
(2,454)
(7,544)
(8,013)
(5,000)
(5,000)
(10,001)
(6,817)
(6,999)
(1,378)
{7,348)
(5,000)
(8,947)
(3,000)
(85,479)
(2,350)
(6,092)
(23.000)
246
2,456
(852)
2,700
10.000
7,161
5,000
5,000
io.ooi
5.500
2,499
(1.317)
(4,500)
(1,378)
(4,347)
(5,000)
(1,146)
L&Q
Groundwork UK
TFL Walknng & Cycling - Groundwork
William Haicliffe
Merchant Taylor
Doyly Carte
Lewisham Virtual School
Sport England
Active Communities
Building Refurbishment
3,001
7,801
3,000
85.479
14,300
6.092
50,000
12,150
217,734
194,422
23,312
TOTAL FUNDS
474,776
493,982)
19,206)
Page 16
continued...

YOUNG LEWISHAM PROJECT
ORKSHOP
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
io.
MOVEMENT IN FUNDS - COAtinued
Comparatives for movement in funds
Net
movement
in funds
At
3113123
Ai 114122
Unreslricted funds
General ￿nd
118,647
36,073
154,720
Restricted funds
Garfield Weston
Jack Petchey Foundation
Youth Offending Service
Oth¢r Grants
L&Q
Groundwork UK
TFL Walking & Cycling - Groundwork
TNL Community Fund
William Halcliffe
Kusuma Trust UK
Merchani Taylor
23.000
(1,758)
367
{3,501)
4,500
1.250
4,374
(1,012)
1,813
(10,000)
23,000
1,223
852
4,317
4.500
1.378
6,448
2,981
485
7,818
128
2.074
1,012
3,187
10.ooo
5,000
.607
27,685
20,640
48,325
TOTAL FUNDS
146,332
56,713
203,045
Page 17
conlinued..

YOUNG LEWISHAM PROJECT
WORKSHOP
NOTES TO THE FINANCIAL STATEMENTS - Continued
FOR THE YEAR ENDED 31 MARCH 2024
io.
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above a￿ as follows:
Incoming
resources
Resources
expended
Movemenl
in funds
Unrestricted funds
General fund
224,459
{188,386)
36,073
Restricted funds
Garfield Weston
Jack Pelchey Foundation
Sir William Boreman Foundation
Youth Offending Service
Leathersellers
Barabara Ward Childrens Fund
Other Grants
L&Q
38,695
2.700
10.000
7,160
14,999
10.000
12,732
13,110
15,000
1.500
8.730
10,000
2,310
5,000
(15,695)
(4,458)
{ i 0,000)
(6.793)
{14,999)
{ i 0.000)
{16,233)
(8,610)
(15.000)
(250)
(4.356)
{11,012)
(2,310)
(3.187)
{ i 0,000)
( 10.000)
(5,893)
(10,000)
(3,500)
12,219)
23,000
(1,758)
367
(3,501)
4,500
Reta Lila Howard Foundation
Groundwork UK
TFL Walkn'ng & Cycling - Groundwork
TNL Community Fund
Lewi$ham Youth Theatre
William Halcliffe
Kusuma Trusi UK
Hob50ns
Merchani Taylor
London Community Fund
Doyly Carte
Lewisham Virtual School
1,250
4,374
(1,012)
1,813
{ i 0,000)
10.000
7,500
10.000
3,500
12,219
1,607
195 155
174515
20,640
TOTAL FUNDS
419 614
362 901)
56,713
The purpose of each restricted fund 1$ as follows:
Reta Lila - Trash 2 Treasure upcycling project
Jack Petchey- Activities for the young people attending Young Lewisham
Leathersellers - Towards Core costs for Young Lewi5ham
Barbara Ward - Mad About Motorbikes {motor bike activities & workshops for young people).
L&Q - Power to the Pedal, Saturday and Monday evening cycling and fitness sessions for the young
people attending.
YOS - Reparaiion sessions commissioned by Lewisham Youth Offending Service on rolling
programme 50 weeks of the year.
Garfield Wesion - Mad About Motorbikes (motor bike activities and workshops for young people).
Page 18
continued...

YOUNG LE￿SHAm PROJECT
ORKSHOP
NOTES TO THE FINANCIAL STATEMENTS - Continued
FOR THE YEAR ENDED 31 MARCH 2024
io.
MOVEMENT IN FUNDS- continued
Groundwork - WCGL - Power lo the Pedal for school bascd cycling rnaintcnance workshops.
fNL Community (Awards for All) Grnb Club providing a hot lunch and cooking support for young
people attending sessions al the Young Lcwisham.
William Hateliffe - to fund an extra day fundraiser and business development
Hedley (included in other grants) - small grant for motorbike supplies.
Ironmongers - funding for cooking support for the breakfast club.
St James. Place - funding for cooking SUPPOrt for youn8 people atlcnding sessions.
Duke of Edinburgh (included in other grants) - funding ￿ give young people develop skills
confidence and resilience Ihrough various activilies.
Sport England - funding to help young pcople cngage in physical exercises and sport lo improvc wcll
being.
Active Conununilies - Providing free sports in the community for young people outside of school
hours.
Doyle - small grant for equipment for the young people.
TFL Walking and Cycling - funding for cycling classes for young people after school hours.
Merchanl Taylor - fundin8 for core cosis for delivering the service provision,
Ground Work UK - funding for art murals
William Boreman - fundin8 for core Cosi for delivering the service provision.
Lewisham Virtual School (The Lighthouse Projeci) working with young people excluded from
school through the Lighthouse Project
ii.
RELATED PARTY DISCLOSURES
There wer¢ no rela(ed party transactions for the year ended 31 March 2024.
Page 19

YOUNC LEWISHAM PROJECT
WORKSHOP
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
IIYCOME AND ENDOWMENTS
Donations And legacies
Donations
Grants
22,856
210.575
19,378
187,995
233,431
207.373
Investment income
Deposit account interest
3.634
1,030
Charltable gctlvltles
Individual referrals
Youth offending service
Other
210,097
7.160
19,604
182,163
7,160
21,888
236,861
211,211
Other Income
Gain on sale of tangible fixed assets
850
Total Incomlng resourees
474,776
419,614
EXPENDITURE
Charitable Actlvltles
Wages
Social security
Pensions
Freelancers
Running costs
Repairs and maintenance
Activilies
Activity support costs
Independeni examiner's fee
328,081
25,960
7,619
18,023
62,031
4,107
15,435
30,506
2,220
214,709
13,024
4,590
28,985
65,727
2,767
13,211
17,800
2,088
493,982
362,901
Total resources expended
493.982
362 901
iyet (expenditure)lincome
{19.206)
56,713
This page does not forni part of the slarutory financial statements
Page 20