Company registration number: 059J9049 Charity registration number- 1118893 Nottingham Children, Young People and Their Families Project Ltd {A company limited by guaranfre) Annual Report and Financial Statements lor the Year Ended 30 September 2024
Contents Reference and Administrative Details Trustees, Report 2to8 Independent Examinerfs Report Statement of Financial Activities 10 Balance Sheet Notes to the Financial Statements 12to21
Reference and Administrative Details Trustee5 Lisa Bamford Coleen Francis Nyrdn Roberts Kath Andrew Curtis Scott Jomo Joseph Andre Nicho15 Ashley Shand 111889) Charity Registration Number Company Registration Number 059J9049 Registered Office 152 Sneinton Boulevard Nottingham NG2 4FY Independent Examiner John O'Brien. employee of Community Accounting Plus Units l & ? North West 41 Talbot Street Nottingham NGI 5GL Page I
Trustees, Report The trustees, who are directors for the purposes of company law. present the anTJual report together with the financial statements of the chariiable Company for the year ended )0 September 2024. Trustee5 and officers The trustees and officers serving during the year and since the year end were as follows: Trustees: Lisa Bamford Coleen Francis Nvran Roberts Kath Andrew Curtis Scott Jomo Joseph Andre Nichols Ashley Shand (appointed 15 November ?023) Structureg governanee and management ature ofgoverning document The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 115106. It has no share capital and the liability of each member in the event of winding-up is limited to £O.O I. Recruilmenl and appoinlmenl oflru51ees Once the need for new trustees is identified the eiisting trustees agree what skills, experience aT]d knowledge are needed. and write it down in the fonn of a short job description and person specification. The trustees then agree responsibilities and a process for recruilmeni: iak-lng care to comply with any specific requirements set out in the governing document. The trustees consider the best methods of attracting a diverse range of candidates with the skills the charity needs. Shon-listing and inlervieH'.s take place against agreed criteria. Interviews are carried out by a small panel of truslees, and each candidate is asked similar questions to ensure a fair and objective approach. Notes are kept of each interview. Preferred candidates are identified and invited to join the trustees, subject to references. fomial vetting and approval by the full trustee board. The trustees check that the candidates have not been disqualified from acting as trustees. and candidates are asked to confirm in writing that this is the case. Candidates are asked to consider and declare any existing or potential conflicts of interest. Trustees seek any appropriate checks from the Disclosure and Barring Service. In the light of the checks and declarations, trustees go ahead and fonnalise the appointment of new trustees. Major risks and management of ihose risks Financial reviews CYF remains a financially robust organsiation with regular financial reviews by our board of trustees. Page 2
Trustees, Report Objeetives and aetivities Objecls and aims The principle object of the charity is to enhance the development and relieve the poverty of young people between the age5 of O and 25 years and their fatnilies in Nottinghan]. We achieve this objective by developing the commmunity capacity to address local need5. Objeclives, 5tralegies and activilie5 Mentoring and one to one.. Built on 15 years of experience. ?0?1 Saw CYF launch its new model of mentoring and one to one support. Each year up to 16 young people aged bets*"een 14 and 25 are provided M.-ith a year long programme of tailored mentoring and one to one work. with each young person accessing between 4 and 12 hours of support each week. Work with each young person is specifically desioned to build on their strengths, interests and passions and to overcome marginalisaiion and barriers to opportunities. We achieve this by working with young people to create new opportunilies thai are specifically designed to be inclusive and accessible. We adapt to young people's needs raiher than expecting them to adapt to traditional and mainstreain approaches. By this we mean we provide support at times that fit with young people's needs rather than a 9-5 approach. We make no assumptions about iheir starting point - for example we don't assume that they can read, we don't assume they have intemet access ai home. we don t assume that thej. know how to navigate the city and we don't assume that they have the skills or confidence to al'ayS articulate their needs. Our workers understand the culture and community that young people are from w'e don't judge and we really listen, hear and respond to what they are telling us. We provide workers with the necessary structures, support and resources to be flexible, responsive and meet need. Community leaders: builds on our mentoring.. one to one. group and project work. The aim is to use the individualised approach applied to our other areas of work to build young people's leadership skills and create a new generation of leaders with lived experience, insights and ener2y. We want to build a more diverse group of leaders across society. We know from experience that young people from our community can play a critical role in driving forward social change. Project Work: Each year CYF delivers a Series of high-end. arts-based group project5 through which young people work together to develop their technical. creative. social and life ski115 and use the arts to tackle the social issue5 that impact and are itnportant to them. ThrouJ thi5 work CYF enable5 young people to be part of the w ider movement that uses creativity and the arts to bring about social change. We have a strong track record of working with young people and creative industry experts to create piece5 of M'ork that are high impact and in which young people feel a strong sense of owmership and being heard. CYF takes a wholistic approach to Family Support. working closely with families to assess their needs and then developing interventions specifically tailored to meet those needs. Page i
Trustees, Report While the specifics of our work with each family vary, our package of support typically includes a combination of the follom'ing services: Health and Wellness: Promoting phvsical and mental well-being is an integral element of our work.. This may involve facilitating access to healthcare services. providing nutritlon education, organising wellness activities, and offering support for managing existing conditions. Financial Management= We assist families in budgetin& addressing debts, and accessing their full benefit entitlements to achieve financial stability- Therapeutic Intervention: Provision of free. high-quality. long-tenn therapeutic intervention, including talking and creative therapy, delivered by highly exrienCed and fully qualified therapists. Education and Skill-Building'. Empowering families with know,ledge and skills for long-tenn stability and resilience. We offer educational workshops. training programs. and vocational support to help family members develop job skills, improve literacy.. and pursue educational opportunities. Service Access.. We collaborate with fatnilies and partners to overcome barriers to support, including accessing mental health services, homele55 services. and substance dependency support. Our advocacy efforts ensure families, rights and interests are represented within various systems. Social Isolation: We facilitate opportunities for families to connect with peers. participate in community events, and access social networks for mulual support. Supporting access to opportunities such as school holiday activities, family activities, sports, and local leisure facilities combat social isolation. Crisis Intervention.. Supporting families in times of crisis from bereavement to homelessness to food poverty. Parenting Support.. For families '1th complex needs. we offer specialist and individualised parenting support to equip parents with the skills and knom'ledge necessary for effective parenting. Each family receives between I to 6 hours of support per 'eek. depending on thelr level of need. For instsnce, a family in crisis may initially access 6 hours of support, 'hICh may reduce lo 2 hours once the crisis is managed. Our support is long-tern], with families accessing our services for a minimum of l year. At Nottingham CYF, we are committed to walking alongside families on their joumey to.ardS stability, resilience, and empowennent. Crisis Response=Whilst a key aim of CYF'S work is to avert crisis. some young people are already at crisis point when they first engage with us or reach crisis point during their time with us. For these young people we provide a responsive, intensive intervention. Examples include homelessness. mental health crisis, involvement in the criminal justice system, immigration issues. school exclusion and food poverty. Public benefit Reducing the negative impact of multiple deprivation. The trustees confirni that they have complied M'ith the requirements of section 17 of the Charities Act 201 I to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 4
Trustees, Report Achievements and performanee Over the past year, the needs of the people we support have evolved, particularly with a notable increase in the number of young people facing homelessness and mental health issues. This demographic shift has been especially resource-intensive. requiring substantial staff time and effort to provide support. Assisting these young people involves navigating the complex bureaucracy of homelessness. which includes helping them gather evidence, complete documentation: and advocating for them in their interactions with housing offices. Often. this require5 our staff to turn up daily to housing olfices. ensuring that these young people's cases are not overlooked and that they receive the necessary accommodations and assistance. In addition to housing challenges, mental health has emerged as a significant and dominant issue. To address thi5, we have employed a qualified psychotherapist one day a week. and depending on individual needs, we a150 buy in specialist SllPPOrt. Recognising the cotnpleNity ol the mental health concern5 our young people present, we have prioritised training for our staff. Our team has undergone cusiomised mental health training tailored to the specific needs of the young people we work with. Furtherniore. we ensure ongoing support and learning through six-weekly supervision sessions with a qualified psychotherapist. helping staff manage the emotional demands of their roles and improve their ability to support those in crisis. We have also further expanded our family support services. As some of the young people we support are now parents, they are grappling with a range of complex issues such as isolation, food povertv, homelessness, and a lack of support networks, alongside mental and phvsical health challenges. Our family support work addresses these intersecting needs by offering holistic support to young parents. helping them navigate these difficulties and promoting both their own well-being and that of their children. These combined efforts reflect our commitment to adapting our services to meei the growing and evolving needs of the people we support. Our successes have spanned various areas. from one-to-one support to comprehensive family interventions and project-based work aimed at improving mental health and well-being. These successes have not only deepened the impact of our services but also enhanced our ability to measure and respond to the needs of those we serve. A highlight of the past year has been the development and implementation of a comprehensive monitoring and evaluation system in collaboration w'ith Lloyds Bank Foundation and an external consultant. This system allows us to asse55 the impact of all areas ol our work effectively and elficiently, providing us with data and ins]ts into the experiences and outcomes of the young people and fatnilies we 5UPPOrt. Development of Monitoring Tools to ensure that our monitoring system 15 as inclusive and representative a5 possible, we have des]ed a range of tools that cater to the different stakeholders involved in our services. These too15- snapshot surveys, feedback questionnaires, impact records. one-off consultation5. and reflection tools, are tailored to gather feedback from children, young people, faTnilies. primary carer5. and professional partner5. This holistic approach ensures that .¢ capture ihe diverse perspectives and experiences of everyone who interacts with our services. The monitoring system measures impact across multiple issues, including educational engagement, self-awareness. mental health. family latIonShips. isolaiion. and employmenL among others. By tracking these outcome themes, we are better able to identify areas of success and areas in need of improvement. This, in turn, allows us to tailor our interventions to meet the specific needs of each individual or family, ensuring the most effective support. Page 5
Trustees, Report Positive Survey Results the pilot surveys we Conducted have yielded overwhelmingly positive results. reflecting the tangible impact of our services. We achieved a l OOO/o return Tale. with 920/0 of participants rating our service as "excellent" and the remaining 80/0 rating it as "good." This is a testament to the quality of our services and the dedication of our staff. Feedback from open-ended questions further illustrates the positive impact we have had. One parent commented, "The staff at CYF are the nicesl people ever; they can t do enough for you. They go above and beyond all the time. I'm so grateful for all the lime and effort." A young person shared. "I have a lot more confidence and can handle challenges of life., These responses show that our work not only provides practical support but also foslers emotional resilience. confidence: and personal groth. Participants have reported feeling less isolaied. more integrated inio their communities. and more aware of the opportunities available to them. Many have also shared that their relalionships w'ith friends, family, and trusted adults have improved, contributing to an enhanced sense of well-being and belonging. Service Development.. Responding to Emerging Needs Family Work a notable developrnent over the past year has been the expansion of our services to include more extensive family support. particularly for young families who are homeless or facing other complex needs. For instance. we are currently working with three young couples {aged under 25), all of whom have children and face significant housing challenges. One of these families, for example, consists of a )'oung tnother who is 50 anxiou5 that She only leaves her temporary accommodation for CYF sessions. This has restricted the development opportunities available to her six-month-old baby. To address these challenges. we have employed an early year5 practitioner on a sessional basis. This specialist 'OrkS ii-.ith Tnaroinalised families with children under five. helping them overcome barriers to accessing early years services. The long-terni goal 15 to Secure nursery places for these children, ensuring they have the developmental support they need during this critical stage of life. This iiitervention is already showing promise in helping families feel more supported and in ensuring that children are given a fair start despite the difficult circumstances they may face. Mental Health Support.. another significant area of service development has been in the realm of mental health, which has emerged as a pressing need for many of the young people we support. In response. we have deepened our partnerships '1th local mental health services and expanded the mentsl health support we provide in-house. We have worked with Nottingham Counselling Service. renling a room every. Thursday to offer free psychotherapy sessions led by our newly employed psychoiherdPiSt:Maja Likar. Maja is an art therapist with extensive experience working with survivors of sexual abuse. as well as refugee, asylum seeker, and economic migrant communilies. Her skills and experience have been invaluable in addressing the complex mental health needs of the young people w'e support. In addition lo Maja's sessions, we have continued our partnership with psychotherapist Sarah Mann Shaw. who provides therapy for complex cases. Sarah also delivers group supervision for our team. ensuring that staff members are well-equipped to handle the emotional and psychological challenges of their w'ork. This consistent access to supervision and training has significantly enhanced our team's capacity to support the mental health of our service users effectively.
Trustees, Report Beyond one-t(pone therapy: we have also secured funding from Boots Charitable Trust to develop a mental health peer education programme. This iniliative aims to empower )'oung people by training them to become mental health advocates and educators among their peers. further extending the reach and impact of our mental health work. Key outcomes= empowernient. resilience. and community connection. the impact of our services is evident in the outcomes 'e have tracked over the past year. After 12 months of engagement with CYF, participants have reported a range of positive developments: New opportunities and experiences; yOLmg people and families have engaged in activiiies and experiences that they would not have otherwise had access to, broadening their horizons and helping them build new skills- Increased confidence and emotional resilience, participants have reported feeling more confident in handling life's challenges. with many attributing this growth to the support and guidance they have received from CYF- Improved relationships and community integration. young people have reported stronger relationships with friends. family, and trusted adults. as well as a greater sense of connection to their communities. This is a crucial outcome. as isolation and loneliness can have profound negative effects on mental health and well-being. Am'areness of available opportunities.. participants have become more aware of the resources and opportunities available to them, whether in education, employment: or cornrnunity engagement. This increased awareness has empom'ered them to make more infornied choice5 about their future5. Future directions- leveraging our succe55es a5 we look to the future. our focus will be on building upon these successes and further refining our services to meet the evolving need5 of the young people and families we support. The monitoring and evaluatiotl System M'e have developed M"'ill continue to play a critical role in this process: all0.Ing us to track our progress. gather feedback-. and make data-driven decisions. The expansion of our family work and mental health services will remain a priority. particularly as The seek to support more young people facing homelessness and Complex needs, as well as the growing number of young people presenting with mental health issues. The menthl health peer education programme funded by Boots Charitable Trust will be a key initiative in this regard, as it .111 allow. us to engage young people in meaningful ways while addressing a critical need in the community. In Conclusion. our most significant successes over the past year have been rooted in our ability to respond to emerging needs, enhance our service delivery through partnerships and innovative programmes, and consistently monitor and evaluate our impact. By doing so, we have empowered young people. strengthened families. and contributed to the overall well-being of our community. As we continue to grow and adapt, we are confidenl that we will achieve even greater success in the coming year. Over 70 children, young people and family members have engaged in our services over the last 12 months. Policy on reserves CYF is currently working to develop a reserves policy that will enable us to build free reserves that will enable 6 months of full delivery. Page 7
Trustees, Report Statement of Responsibilities The trustees (who are also the directors of Nottingham Children, Young People and Their Families Project Ltd for the purposes of company law) are responsible for preparing the trnstees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies. Company law requires the trustees to prepare financial slalements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that the), glve a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure. of the charitable compan}, for that period. In preparing these financial statements, the trustees are required to- select suitable accounting policies and apply them consistently; observe the methods and principles in the Charitie5 SORP- make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in busine55. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the chariiable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporale and financial inforn)ation included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislalion in other jurisdictions. Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. 20/12124 The annual report was approved by the trnstees of the charity on .................... and Sied on its behalf by: Nyran Roberts Trustee
Independent Examiner's Report to the trustees of Nottingham Children, Young People and Their Families Project Ltd {'the Company,) Independenl examiner's report to the Irustees of Nottingham Children. Young People and Their Families Project Lid ('the Companv,) report to the charity trustees on my examination of the accounts of the company for the year ended 30 September 2024. Responsibilities 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 the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In Ca'ing out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirni that no matt3 have come to my attention in connection with the examination giving me cause to believe that in anv material respect: accounting record5 were not kept in respect of the Company a5 required bv section 386 of the 2006 Act. or 2. the accounts do not accord wilh those records. or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than anv requirement that the accounts give a 'true and fair, view which is nol a matter considered as part of an independent examination; or 4. the accounts have not been Prepared in accordaT]ce with the method5 and Principle5 of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance w'iih the Financial Reporting Standard applicable in the UK and Republic of Jreland (FRS 102)]. I have no concern5 and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 'Bri=n NISC, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Associalion of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL 0210112025 Page 9
Statement of Financial Activities for the Year Ended 30 September 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Total 2024 Total 2023 Unrestricted Restricted Note Income and Endoivments from: Donations and legacies Charitable activitie5 549 383 549 504 105,708 86,053 Total income 9)2 86,985 106,212 Expendilure on: Charitable activities (98,062) (98,J62} (81,481) Total expenditure (300) (98.062) (98,362) (81,481) Net incomel(expenditure) Transfers between funds (12,009) (17,338) (11,377) Net movement in funds 17,970 (29,347) (11,377) 24,731 Reconciliation of funds Total funds brought forward 7.859 18,500 Total funds carried forward 25,829 6.025 Unrestricted funds Restrieled funds Total 2023 Note Income and Endoivments from: Donations and legacies Charitable activitie5 504 5.950 504 105,708 100,458 Total income 5.754 100,458 106,212 Expenditure on: Charitable activities (8.465) (73,016) (81,481) Total expenditure (8,465) (73,016) (81,481) Net (expenditure)/income (2.711) 27,442 Net movement in funds (2.711) 27,442 24,731 Reconciliation of funds Total funds brought forward 10,570 18,500 Total funds carried forward 7.859 The notes on pages 12 to 21 forni an integral part of these financial statements. Page 10
(Registration number: 05939049) Balance Sheet as at 30 September 2024 2024 2023 Note Current assets Debtors Cash at bank and in hand 5.040 28,276 33,316 44,137 Creditor5: Amount5 falling due within one year (1,462) (906) Net assets Funds of the charity: Restricted income funds Restricted funds 6,025 35,372 Unrestricted income funds Unrestricted funds 25,829 7.859 Total funds For the financial year ending JO September 2024 the charity was entitled to exemption from audit under section 477 of the Companie5 Act 2006 relating to small companies. Directors, re5ponsibilities- The members have not required the charity to obiain an audit of its accounts for the year in question in accordance with section 476; and The directors acknowledge their responsibilities lor complying with the requirement5 of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on page5 10 to 21 were approved by the trustees, and authorised foi issue on .2PI.P.oo/.24. and signed on their behalf by- Curtis Scott Trustee The notes on pages 12 to 21 forni an integral part of these financial statements. Pagell
Iyotes to the Financial Statements for the Year Ended 30 September 2024 l Accounting policies Summary of significant accounting policie5 and kev accounting estimate5 The principal accounting policies applied in the preparaiion of these financial statements are set out below. These policies have been consist¢nily applied to all ihe years presenie(t unless othenvise stated. Slatemenl of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)). the Financlal Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Nottingham Children, Young People and Their Families Project Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertaintie5 related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. Exemption from preparing a cash flow statement Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows .]lh1n the financial statements. Income and endowlnents Voliintary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the iT]come will be received and the amount Can be measured with sufficient reliability. Donations and legacie5 Donations are recognised when the Charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perforn)ance by the charity before the charity is eniitled to the funds, the income is deferred and nol recognised until either those conditions are fully met. or the fulfilment of those conditions is 'hOllY within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Expendilure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that categorv. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spenL and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Page 12
Iyotes to the Financial Statements for the Year Ended 30 September 2024 Charilable activities Charitable expenditure comprises those costs incurred by the charlty in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter J Part I l of the Corporation Tax Act ?010 or Section ?56 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets costing £ 1,000 or more are initially recorded at cosL less any 5ub5equent accumulated depreciation and subsequent accumulated impainnent losse5. Trade debtors Trade debtor5 are amounts due from customers for Tnerchandise 501d or Services performed in the ordinary course of business. Trade debtors are recognised inilially at the transaciion price. They are subsequently measured at amortised cost using the effective interest Metho less provision for impairment. A provision for the impairn)ent of trade debtors is established 'hen ihere is objective evidence that ihe charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page li
Iyotes to the Financial Statements for the Year Ended 30 September 2024 Fund strueture Unrestricted income funds are general funds that are available for use at the trustees, discretion in furtherance of the objectives of the charity. Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribuiion pension scheme which is a pension plan under which fixed contributions are paid into a pension nd and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution pavments exceed the contribution due for service. the excess is recognised as a prepayment. 2 Income from donations and legacies Unrestricted fund5 General Total 2024 Total 2023 Donations and legacies. Donations from companies, trusts and similar proceeds 549 549 504 549 549 504 3 Income from charitable activities Unrestricted funds General Restricted funds Totsl 2024 Total 2023 Grants & donations Fees Sundry income 100,458 5,250 86,436 105,708 Page 14
Iyotes to the Financial Statements for the Year Ended 30 September 2024 4 Grants & donations Unrestricted funds Restrieted funds Total Sundry donations Lloyds Bank Foundation Racial Equity Fund The Henry Stnith Charity Ragdoll Foundation The Leathersellers Foundation Boots Charitable Trust UK Youth & Pears Garfield Weston Foundation BBC Children in Need Foyle Foundation 549 549 27,500 20,000 1,410 2,500 7,946 7,500 i 0,000 4.197 5.000 27,500 20,000 1,410 2,500 7,946 7,500 10,000 4,197 5,000 549 86,602 5 Expenditure on charitable activities Unrestricted funds General Restricted fund5 Total 2024 Total 2023 Administration Bank charges Equipment Insurance 1,021 ,021 689 ,383 319 456 710 1,556 2,114 2,750 Legal & professional Rent & room hire Premises maintenance Crisis response Travel & accomodation Sessional worker & activity costs Salaries Training & Supervision Payroll expense Phone costs Residential Sundry expense Activity costs 456 2,750 2,750 5,506 5,506 24 5,256 42,564 21,846 1,414 474 1,414 474 170 170 19.808 19,772 98,062 98,362 81,481 Page 15
Iyotes to the Financial Statements for the Year Ended 30 September 2024 6 Staff Costs The aggregate pa)ToII costs were a5 lolloH's- 2024 2023 Staff eosts during the year were: Wages and salaries Pension costs 22,739 454 20,768 1,078 23,193 21,846 The monthly average number of persons (including senior management team) employed by the charity during the year was as follows.. 2024 2023 Monthly average number of persons employed 1 {202J - 2) of the above employees participated in the Defined Contribution Pension Schemes. Contributions to the employee pension schetnes lor the year totalled £1,059 (2023 - £1,078). No employee received etnoluments of more than £60,000 during the year. 7 Debtors 2024 2023 Prepayments Other debtors 40 5,000 5,040 8 Creditors: amounts falling due within one year 2024 2023 Other taxation and Sla1 security Other creditors 460 1,002 906 1,462 906 Page 16
Iyotes to the Financial Statements for the Year Ended 30 September 2024 9 Funds Balance at 30 Seplember 2024 Balance at I October 2023 Incoming resources Resourees expended Transfers Unrestricted fund5 General General Fund 7,859 (300) 17,338 25,829 Restricted funds Boots Community Leaders Czech Notts Foyle Foundation Garfield Weston Foundation Leathersellers Foundation Lloyds Banks Foundation Racial Equity Ragdoll Young Women Project Sport England Stnall The Henry Smith Charity The Verdict Tru5thouse Foundation Uk Youth & Pears We Move Fund Digital Research Core Support Costs 7.946 (6,994) (7,234) (2,957) (8,012) (2,500) 952 8,155 921 5.000 10,000 2.500 2,043 1,988 27,500 (10,162) (17,338) 1,410 (1,410) (5,119) (24,508) (1,405) 5,119 20,000 4,629 121 1,405 493 2,744 7.500 4,197 (10,244) (16,024) ( 1,000) 11,827 1,000 7.866 (7.866) Total restricted funds (98,062} (17,338) 6,025 Tot21 funds 43,231 86,985 (98,362) 31,854 Page17
Iyotes to the Financial Statements for the Year Ended 30 September 2024 Balance at 30 Seplember 2023 Balance at I October 2022 Incoming resources Resources expended Unrestricted funds General General Fund 10.570 5,754 {8,465) 7,859 Restricted Czech Notts Ragdoll Young Women Project Sport England Small The Verdict Uk Youth & Pears We Move Fund Digital Research Core Support Costs Notts Voices Mentoring Stop Loan Sharks Bruk-up Stigma Freelance Work Play Based Activities 9,650 3,000 6,360 10,000 {1,495) (7,000) {1,241) {8,595) {),660) {7,92J) 8,155 4,000 5,119 1,405 19,750 1.000 11.827 1,000 7,866 (?9,6)4) (2,196) (2,000) (4,070) {1,602) (J.600} 2.196 2,000 1.602 Total restricted funds 100,458 (73,016) Total funds 18,500 106,212 (81,481) 43,231 Page18
Iyotes to the Financial Statements for the Year Ended 30 September 2024 The specific purposes for which the funds are to be applied are as follows: Funder.. Awards For All (The National Lottery) Project: Czech Notts will explore the experiences of young people from marginalised groups using film and music. Funder.. Sport Engalnd Project: A programme of 5POrts and physical activitieds to increase the engetnent of children and young people in physical activitie5 Funder: Lloyds Bank Foundation Project: Core cost funding towards our racial equity work with young people aged 18 to 25. Funder: The Henry Smith Charity Project: Core cost funding towards our work with children. young people and families experiencing complex challenges. Funder.. Boots Charitsble Trust Project: Developing the leadership skills of local people to enable them to lead community projects and address local need. Funder.. Foyle Foundaiion Project.. Core cost funding towards our work with children, young people and families experiencing complex challenges. Funder.. Garfield Weston Project.- Core cost funding towards our work with children, young people and families experiencing complex challenges. Funder.. Leathersellers Foundation Project: Core cost funding towards our work with children, young people and familie5 experiencing complex challenges. Funder: Ending Youth and Gang Violence INotts Police) Project: To create a film that explores issues around youth violence. Funder: Trusthouse Foundation Project: Core cost funding towards our work with children. young people and families experiencing complex challenges. Funder.. UK Youth and Pears Fund Project: Core cost funding towards our work with children, young people and families experiencing complex challenges. Funder.. BBC Children In Need, We Move Fund Project= To deliver a Youth Social Action project with children and young people under the age of 18 which addresses inequality in accessing nature and the countyside. Page 19
Iyotes to the Financial Statements for the Year Ended 30 September 2024 Funder: Ragdoll young women's project Project: Workshops, mentoring and a residential that develop the talent of young women who show talent in and passion for the music & film industry to develop their artistic & technical skills. Funder.. Digital research Project: A research grant to deepen our underslanding of the effectiveness of live streaming, using creative sound production editing tools boih as a means for. developing effective continuing face to face learning and maintaining a community of collabordtive creative learning. The transfer from the Llovds Bank-s Foundation racial equity fund to the General fund reflects the release of any restrictions on the use of these funds. The transfer from the Core support costs fund to the UK Youth & Pears, Trusthouse Foundation and The Henry Smith Charity is to more clearly reflect the restriction placed on these funds. 10 Analysis of net assets behveen funds Unrestricted 2024 Total funds General Restrieled Current assets Current liabilities 27,291 (1,462) 6,025 33,316 (1,462) Total net assets 25,829 6,025 Unrestricted 2023 Total funds General Restrieled Current assets Current liabilities 8,765 (906) (906) Total net assets 7.859 i5,372 43,231 11 Trustees remuneration and expenses No trustees, nor any persons connected with them. have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 12 Related party transactions There were no related party transactions in the year. Page 20
Iyotes to the Financial Statements for the Year Ended 30 September 2024 13 Fees payable to independent examiner During the period, the fees payable (excluding VAT) to the charitv's independent examiner Community Accounting Plus are analysed as folloM'5- 2024 2023 Independent examination 755 835 755 14 Taxalion The charity is a registered charity and is therefore exempt from laxation. Page21