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2021-12-31-accounts

Charity registration number 1119238

Company registration number 6033670 (England and Wales)

MAMA YOUTH PROJECT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

MAMA YOUTH PROJECT

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Melissa Holton
Shaun Darren Scoon
Salvatore Sparace
Louisa Forsyth
Sara Alaine Chenery
Safira Nazli Afzal
Penelope Janet Morgan
Sara Fisher (Appointed 7 June 2022)
Samuel Ampah (Appointed 19 January
2022)
James Allen (Appointed 7 June 2022)
Charity number 1119238
Company number 6033670
Registered office 325-327 Oldfield Lane North
Greenford
Middlesex
UB6 0FX
Independent examiner Berish Hoffman ACA
Landau Morley LLP
325-327 Oldfield Lane North
Middlesex
UB6 0FX

MAMA YOUTH PROJECT

CONTENTS

Page
Trustees report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9 - 10
Statement of cash flows 11
Notes to the financial statements 12 - 21

MAMA YOUTH PROJECT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2021

The trustees present their annual report and financial statements for the year ended 31 December 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016).

Objectives and activities

MAMA Youth Project - Mission Statement:

To support

motivated and under- represented young adults facing challenges

into

sustained employment in the media

through

the provision of training, hands on work experience and access to industry networks.

The Charity's objectives are specifically:

To advance the education of young people who are from disadvantaged backgrounds (including but not limited to black and other ethnic minority backgrounds) and/or who are unemployed, hereinafter referred to as "disadvantaged youth", by:-

a) providing training for disadvantaged youth in the art of audio and/or visual media production (including but not limited to television production) and ancillary matters;

b) producing and staging shows, events and other productions which are aimed at educating disadvantaged youth in connection with practical issues which are of relevance to them, and producing ancillary materials; and

c) sponsoring disadvantaged youth to help them gain greater involvement in audio and/or visual media production and sponsoring events which the company thinks will help disadvantaged youth gain such greater involvement.

MAMA Youth Project is a brand that aspires to be known for giving youth of the United Kingdom from underrepresented backgrounds a platform to express themselves , trusting young people, giving them the responsibility to work within a disciplined environment and supporting them with professional and personal development.

MAMA YOUTH PROJECT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

MAMA Youth Project runs a 14 week TV Training programme and a 6 week Digital media content production training. The most successful training programme to date has been ‘What’s Up TV’, rebranded as “Unmuted” in 2021 and “The Other Art Show” in 2022.

The training targets young people and trains them on television production whilst working as Production Managers, Production Coordinators, Content Producers, Camera/Lighting Operators, Video Editors, & Location Sound Recordist. The training is based on the real experience of doing the job that is assigned to a young adult. They have to perform their duties in a highly professional manner, taking full account of the discipline that goes with working in the television industry. The young trainees who take part in this unique training environment are working on a real television show that is broadcast on Sky Arts.

29 young people have completed the 14 weeks Unmuted TV Training in 2021 and 27 (93%) have been

recommended for a paid placement in the industry.

In 2021 MAMA Youth also delivered 2 x 6 weeks digital media content production training programmes totalling 25 young people trained of which 24 were recommended for a paid placement in the industry.

Strengthening our employer network and talent management team we have seen 100% success rate in sustained employment for our Spring 2020 cohort who are still working in the industry a year after completion and 93% success rate after 6 months in the industry for our Autumn 2020 cohort

MAMA Youth Project (MYP) is a leading UK media charity - building a brand focused on young adults, supported by young adults and giving back to young adults.

Although the main training programme is very much geared towards a working environment rather than theorybased, MYP aims to develop and conduct other training programmes that can take advantage of all the experiences and knowledge that has been developed. Unmuted training ensures trainees have full, hands-on responsibility for producing broadcast quality shows that are made available to the general public through broadcast and other media platforms. The work placements following Unmuted TV training are done in accordance to an entry to employment policy and include:

Young people will be selected to participate in the programme based upon:

MAMA YOUTH PROJECT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Background

MAMA Youth Project is an off shoot of MAMA Production’s Ltd which was established in 2001. Wholly owned by Bob and Caroline Clarke, the company was originally a small concern producing programmes for television and corporate videos. MAMA Productions has been dissolved since March 2009; this allowed Bob and Caroline to dedicate more time to MAMA Youth Project.

MAMA Youth Project's main training product is the Unmuted TV training a unique format specific for the television industry. The employability skills learned can, however, be transferred to any industry. The product has two main outlets:

1. Training New TV Talent

MAMA Youth Project is actively promoting diversity within the television industry by giving free training to diverse groups of people who are under-represented within the industry. There are many publications and reports on the lack of diversity in television. The main reason MAMA Youth Project exists is to give young adults the practical skills and means to have a strong chance of finding employment within the broadcast and media industry .

2. Training Young Adults In Life Skills For Employment

MYP have a strong social impact on society. From 2005 to 2021 MYP have managed to change the lives of over five hundred and ninety-nine young adults who had little hope of finding employment within the media industry. We have also helped give many young adults the confidence and realisation that they can contribute to society as they now know that they are employable. Most of our young adults have been seeking a job within the media for a long time or have been unemployed for so long their confidence had been shattered or they found themselves settling into a routine of getting up late and not really participating in society. Because of their experience with MAMA Youth Project many have had the confidence to do work experience or volunteering. We aim to be a major service provider to youth organisations and civil bodies supporting young adults with various social issues. Although we are very strong on discipline and work ethics, MAMA Youth Project is a brand that means opportunity for young adults. We achieve this by allowing young adults to stand up for themselves, realise their potential and have the freedom to be recognised as equal and valued members of our society. MAMA Youth Project's main training model offers training that is totally based in a working environment and the responsibility that comes with it. MAMA Youth Project is a non conventional learning institution whose main training model concentrates on vocational learning. The working environment is a place where industry professionals guide young trainees and pass on their experience of working in the broadcast and the media industries. Young people are given the confidence to conduct phone calls and correspondence with contributors from all levels of business both known and unknown to them. This helps to build self esteem and belief in their new found abilities. The young adults make a professional television programme, to industry standards under a strict employment code of practice. The training is non-accredited and focuses all its energy on finding employment, meaningful work experience or pathways into further education.

The trustees confirm that they have complied with the duty in section 2 (1) (b) of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.

The aim of MAMA Youth Project is to advance the education of young people for the public benefit by:

a) Providing training for young people from underrepresented groups including, but not limited to, those from black Asian minority and ethnic backgrounds (BAME) in the art of television media production and ancillary matters;

b) Producing shows (and other media productions) which are aimed at educating young people from underrepresented groups in life skills and other practical issues that affect them. The trustees have paid due regard to the public benefit guidance issued by the charity commission.

MAMA YOUTH PROJECT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Achievements and performance

The television industry appreciates and supports our unique way of finding new talent.

  1. March 2009, in the Council of Europe’s study on Diversity In Media throughout Europe, MYP was placed as one of the top 10 organisations in its category setting a good example, initiative and practice towards diversity in media. The only two other organisations from the UK were the BBC and Channel 4.

  2. November 2009 Bob Clarke was the winner of the Special Recognition Award at the prestigious Cultural Diversity Network (CDN) Award ceremony for his work and achievement with MAM Youth Project.

  3. 2011, MYP sign a three year partnership agreement with BskyB which is still ongoing.

  4. June 2011, Bob Clarke was shortlisted for the Community Champion Award in the Trinity Mirror Ealing’s Pride in our People awards for all the hard work that was put into building MAMA Youth Project .

  5. 2012, ‘What’s Up’ is screened on Sky 3 (Pick TV).

  6. 2013, The BBC partner with MYP (Ended December 2020).

  7. 2013, Agreed partnership working with Procam kit room provider who support the charity and its main delivery programme by supplying all the latest equipment for young people to learn their craft to the value of £200,000 pa. Plus giving 13 weeks paid placement to 8 trainees a year.

  8. In 2014 MAMA Youth Project trainees are now paid interns and the show becomes a Sky 1 Commission.

  9. In 2016 MAMA Youth wins the Business in the Community Race Equality Awards for Developing Talent. The other nominees were The Civil Service, Imperial College and American Express.

  10. In 2017 we moved operation to Sky premises where we developed and added a new digital media training programme.

  11. In June 2018 MAMA Youth launched a database of alumni - MYP Talent Pool - and 15 new companies joined in partnership recruiting from our pool of alumni and benefiting from our expertise and consultancy.

  12. In November 2018 MYP wins The Princess Royal Training award, the Princess herself being a judge.

  13. In November 2019 MYP wins Royal Television Award for Community Improvement.

  14. 2020 - Unmuted launches on Sky Arts and replaces What's Up TV. Gavin Ramjuan and Ria Hebden become celebrity patrons of MAMA Youth. Over £9000 raised in donations for the MAMA Youth Alumni Covid-19 Hardship fund. Inclusion Awareness Workshops launches and our Two-Way-Mentoring starts

  15. 2021 - Licklemor Productions (MAMA Youth's commercial arm)win's it's first BAFTA award for Life & Rhymes

  16. 4 -

MAMA YOUTH PROJECT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Financial review

The result for the year to 31 December 2021 shows total income of £882,637 (2020: £529,412) and total expenditure of £656,654 (2020: £521,161). MAMA Youth Project will raise more funds through the Talent Pool memberships and an increase of contributions from our patron and corporate partners Sky, Netflix, Disney, Banijay, Lime Pictures, Warner Bross. Gravity Media. We also look to improve revenue from positive employment outcomes achieved from Hounslow CEZ. Another form of revenue we will be exploring is providing services to our partners who support the charity financially such as a MYP talent pool, workshops for partner employees and the chance to meet industry gurus such as an evening with the Commissioning Editors.

Reserves policy

MAMA Youth Project aims to retain sufficient free reserves equivalent to approximately three months forward expenditure. These reserves will be held in case of any sudden decline in income and ensure continuing commitments to providing services for the young adults.

At the year end, the charity held free reserves £125,319 (2020:£32,428).

The charity still had to cope with rules and regulations concerning the Coronavirus pandemic. But we were able to conduct training. Two digital media and one TV training production. Our commercial arm also managed to produce another show, Life & Rhymes, that won a BAFTA for our 2020 production. The 2021 production was also nominated for a BAFTA.

In 2022 MAMA Youth Project aims to: - Continue to build new partnerships. - Explore and consolidate sustainable funding for MAMA Youth Project to increase our capacity to work with young people. - Seek more commissions for Licklemor Productions Ltd (the charity's commercial arm) to increase funds generated for the charity. - Formalise our training and our links to the qualification providers. We want to increase our digital media training. We will also complete at least one TV training. We shall also be seeking to strengthen our board and increase the diversity of experience within the board.

Structure, governance and management

MAMA Youth Project is a company limited by guarantee, incorporated on 20th December 2006 and registered as a charity on 16th May 2007. Its governing documents are the Memorandum and Articles of Association. The founder, Bob Clarke, who started the organisation in 2005, has been a professional editor in broadcast television for over twenty years.

The Charity is headed by a Board of Trustees:

Safira Nazli Afzal James Stephen Allen Samuel Ampah Sara Alaine Chenery Sara Louise Fisher Louisa Suzanne Emily Forsyth Melissa Sarah Holton Penelope Janet Morgan Shaun Darren Scoon Salvatore Sparace

Trustees are sought in a variety of ways involving exploration of the field of potential candidates, including recommendations from existing trustees and supporters of MAMA Youth Project. Potential trustees are scrutinised by the current trustees and are subject to competitive interview. All new trustees are required to undertake an induction programme and undergo a structured introduction to the operation of the Project.

MAMA YOUTH PROJECT

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

The Chief Executive, Bob Clarke, reports to the trustees on managing risk. The key risks identified within MAMA Youth Project are recorded in a Headline Risk Register (HRR) which is presented to the Trustees quarterly. The HRR details the scope of each risk, actions taken to mitigate that risk and the assessment of the degree to which the risks are being managed. Actions to address risks are planned and monitored in these quarterly reviews and used to update the HRR.

The trustees are responsible for setting the goals of the charity. The day to day management is the responsibility of the executive management team which has overall responsibility for delivery of services and activities including financial, management and fundraising.

The trustees report was approved by the Board of Trustees.

Melissa Holton

Chair of Trustees Dated: 30 August 2022

MAMA YOUTH PROJECT

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MAMA YOUTH PROJECT

I report to the trustees on my examination of the financial statements of MAMA Youth Project (the charity) for the year ended 31 December 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Berish Hoffman ACA

Landau Morley LLP 325-327 Oldfield Lane North Middlesex UB6 0FX

Dated: 31 August 2022

MAMA YOUTH PROJECT

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donations and legacies
3
111,729
207,122
Charitable activities
4
563,786
-
Total income
675,515
207,122
Expenditure on:
Charitable activities
5
570,324
86,330
Net income for the year/
Net movement in funds
105,191
120,792
Fund balances at 1 January
2021
87,626
11,686
Fund balances at 31
December 2021
192,817
132,478		 Total Unrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
318,851
99,090
59,448
563,786
370,874
-
882,637
469,964
59,448
656,654
473,399
47,762
225,983
(3,435)
11,686
99,312
91,061
-
325,295
87,626
11,686		 Total
2020
£
158,538
370,874
529,412
521,161
8,251
91,061
99,312

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

MAMA YOUTH PROJECT

BALANCE SHEET

AS AT 31 DECEMBER 2021

Notes
Fixed assets
Tangible assets
9
Investments
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
14
Net assets
Income funds
Restricted funds
15
Unrestricted funds		 2021
£
-
286,147
286,147
(18,945)		 £
79,376
1
79,377
267,202
346,579
(21,284)
325,295
132,478
192,817
325,295		 2020
£
2,500
142,984
145,484
(20,214)		 £
55,197
1
55,198
125,270
180,468
(81,156)
99,312
11,686
87,626
99,312

MAMA YOUTH PROJECT

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2021

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2021.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 30 August 2022

Melissa Holton

Trustee

Company registration number 6033670

MAMA YOUTH PROJECT

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021

Notes
Cash flows from operating activities
Cash generated from operations
19
Investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Financing activities
Repayment of bank loans
Payment of obligations under finance leases
Net cash (used in)/generated from
financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2021
£
(45,880)
(50,000)
(12,280)		 £
251,323
(45,880)
(62,280)
143,163
142,984
286,147		 2020
£
(2,958)
50,000
(8,921)		 £
71,676
(2,958)
41,079
109,797
33,187
142,984

MAMA YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

Charity information

MAMA Youth Project is a private company limited by guarantee incorporated in England and Wales. The registered office is 325-327 Oldfield Lane North, Greenford, Middlesex, UB6 0FX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is inclusive of irrecoverable VAT.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment 25% reducing balance Motor vehicles 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

MAMA YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

MAMA YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13 Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2021
2021
£
£
Donations and gifts
7,041
37,123
Grants
104,688
169,999
111,729
207,122		 Total
Unrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
44,164
2,820
59,448
274,687
96,270
-
318,851
99,090
59,448		 Total
2020
£
62,268
96,270
158,538

MAMA YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

4 Charitable activities

2021 2020
£ £
Activities undertaken directly 563,786 370,874

5 Charitable activities

Staff costs
Depreciation and impairment
Production costs
Professional fees
Motor, travel and subsistence
Presenter fees
Sundries
Equipment hire
Venue hire
Printing, postage and stationery
Staff welfare
Marketing and advertising
Other office cost
Share of support costs (see note 6)
Share of governance costs (see note 6)
Analysis by fund
Unrestricted funds
Restricted funds		 2021
£
86,850
21,701
7,064
78,699
7,078
5,189
-
1,358
3,999
-
-
414
1,661
214,013
435,661
6,980
656,654
570,324
86,330
656,654		 2020
£
45,962
18,399
-
79,102
2,916
4,067
44
1,395
6,715
494
170
1,550
1,790
162,604
351,025
7,532
521,161
473,399
47,762
521,161

MAMA YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

6 Support costs

Staff costs
Insurance
Motor travel and
subsistence
Other office costs
Staff training and welfare
Marketing and
advertising
Printing, postage and
stationery
Telephone
Subscriptions
Sundries
Interest payable
Bookkeeping fees
Accountancy fees
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
352,669
-
6,004
-
14,257
-
36,969
-
2,647
-
6,245
-
192
-
2,103
-
8,057
-
917
-
1,890
-
3,711
-
-
6,980
435,661
6,980
435,661
6,980		 2021Support costs Governance
costs
£
£
£
352,669
295,472
-
6,004
6,010
-
14,257
14,410
-
36,969
16,065
-
2,647
2,021
-
6,245
3,411
-
192
24
-
2,103
2,294
-
8,057
5,812
-
917
65
-
1,890
1,418
-
3,711
4,023
-
6,980
-
7,532
442,641
351,025
7,532
442,641
351,025
7,532		 2020
£
295,472
6,010
14,410
16,065
2,021
3,411
24
2,294
5,812
65
1,418
4,023
7,532
358,557
358,557

Governance costs include payments to the independent examiner of £2,700 (2020: £2,500) for independent examination services and £4,280 (2020: £5,032) for accountancy services.

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

MAMA YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

7 Trustees

(Continued)

8 Employees The average monthly number of employees during the year was:

2021
Number
18
Employment costs
2021
£
Wages and salaries
403,584
Social security costs
30,760
Other pension costs
5,175
439,519
The number of employees whose annual remuneration was more than £60,000
is as follows:
2021
Number
£70,001-£85,000
1
9
Tangible fixed assets
Office
equipment
Motor vehicles
£
£
Cost
At 1 January 2021
152,058
16,264
Additions
45,880
-
At 31 December 2021
197,938
16,264
Depreciation and impairment
At 1 January 2021
101,236
11,889
Depreciation charged in the year
20,607
1,094
At 31 December 2021
121,843
12,983
Carrying amount
At 31 December 2021
76,095
3,281
At 31 December 2020
50,822
4,375		 2020
Number
15
2020
£
312,541
24,562
4,331
341,434
2020
Number
1
Total
£
168,322
45,880
214,202
113,125
21,701
134,826
79,376
55,197

MAMA YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

10 Fixed asset investments

Cost or valuation
At 1 January 2021 & 31 December 2021
Carrying amount
At 31 December 2021
At 31 December 2020
Other investments comprise:
Notes
Investments in subsidiaries
18
11
Debtors
Amounts falling due within one year:
Prepayments and accrued income
12
Loans and overdrafts
Bank loans
Payable after one year		 Other
investments
1
1
1
2021
2020
£
£
1
1
2021
2020
£
£
-
2,500
2021
2020
£
£
-
50,000
-
50,000

The long term loan is a government-backed loan accessed under a small business loan scheme for businesses impacted by the coronavirus pandemic. It provides a full guarantee against the outstanding guarantee facility balance.

MAMA YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

13 Creditors: amounts falling due within one year

13
Creditors: amounts falling due within one year
Notes
Obligations under finance leases
Other creditors
Accruals and deferred income
14
Creditors: amounts falling due after more than one year
Notes
Bank loans
12
Obligations under finance leases		 2021
£
11,330
815
6,800
18,945
2021
£
-
21,284
21,284		 2020
£
13,738
476
6,000
20,214
2020
£
50,000
31,156
81,156

MAMA YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

15 Restricted funds

The income funds of the charity include restricted funds comprising the following balances held for specific purposes:

Movement Movement in funds Movement Movement in funds
Income Expenditure Balance at Income Expenditure Balance at
1 January 2021 31 December
2021
£ £ £ £ £ £
Alumni Hardship Fund 9,461 (5,660) 3,802 8,123 (600) 11,325
The National Lottery
Community Fund 49,987 (42,102) 7,884 - (7,884) -
John Lyons - - - 40,000 (40,613) (613)
London Community
Response Fund - - - 29,000 (27,285) 1,715
Netflix Inc. - - - 129,999 (9,948) 120,051
59,448 (47,762) 11,686 207,122 (86,330) 132,478

The Alumni Hardship Fund relates to amounts received to help the charity's alumni and trainees affected by the Covid-19 pandemic.

The National Lottery fund relates to a grant received to help the charity redesign and deliver its training in accordance with Covid-19 protocols.

The grant received from the John Lyon's Charity provides funding for the Digital Media Training Programme targeting children and young people under the age of 25.

The London Community Response fund was granted to provide financial support to the charity's trainees affected by the Covid-19 pandemic.

The grant received from Netflix Inc..funds the participation of 10 young people in the charity's training program, recruitment costs and the employment of administrative staff.

16 Analysis of net assets between funds

Unrestricted
Funds
Restricted
funds
2021
2021
£
£
Fund balances at 31
December 2021 are
represented by:
Tangible assets
67,497
11,879
Investments
1
-
Current assets/(liabilities)
146,603
120,599
Long term liabilities
(21,284)
-
192,817
132,478		 Total
Unrestricted
Funds
Restricted
funds
2021
2020
2020
£
£
£
79,376
55,197
-
1
1
-
267,202
113,584
11,686
(21,284)
(81,156)
-
325,295
87,626
11,686		 Total
2020
£
55,197
1
125,270
(81,156)
99,312

MAMA YOUTH PROJECT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

17 Related party transactions

Remuneration of key management personnel

The key management personnel of the charity comprise the trustees, the Chief Executive Officer and the Director of Operations.

The total employee benefits of the key management personnel of the charity were:

2021 2020
£ £
Aggregate compensation 132,000 132,000

18 Subsidiaries undertakings

The following dormant company is a wholly owned subsidiary undertaking of the company:

Licklemor Productions Limited(dormant) - 06971093

19

Cash generated from operations
Surplus for the year
Adjustments for:
Depreciation and impairment of tangible fixed assets
Movements in working capital:
Decrease in debtors
Increase in creditors
Cash generated from operations		 2021
£
225,983
21,701
2,500
1,139
251,323		 2020
£
8,251
18,399
43,550
1,476
71,676