**Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** **Registered Number | 05999166 Charity Number | 1119528** ## **The Young Lives Foundation** A Company Limited by Guarantee **Financial Statements | Year Ended 31 March 2022** **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** ## **Contents** - **3 Reference and Administrative Details of the Charity, its Trustees and Advisors** - **4 Trustees’ Report** - **22 Independent Auditors’ Report** - **27 Statement Of Financial Activities 28 Balance Sheet** - **30 Notes Forming Part Of The Financial Statements** ## **Kreston Reeves** Chartered Accountants Montague Place Quayside Chatham Maritime Chatham ME4 4QU **----- Start of picture text -----**
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**Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** ## **THE YOUNG LIVES FOUNDATION** ## **INFORMATION | FOR THE YEAR ENDED 31 MARCH 2022** **Trustees and Directors |** The Directors and Trustees that served during the year were: M Farmer, Trustee (Retired, December 2021) AM Fisher (Appointed, April 2022) A Godden (Appointed, June 2021) M L Hodges, Trustee L Hutchinson _(Chairman)_ I C Pearson, Trustee P S Powell, Trustee, R Smedy, Trustee (resigned, October 2022) N S Smith, Trustee (resigned, August 2022) S H Wallace, Trustee J B Williams, Trustee (Retired, December 2021) S J Williams (Appointed, December 2021) **Chief Executive Officer |** S M Gray **Charity Number |** 1119528 **Company Number |** 05999166 **Registered Address |** 71 College Road, Maidstone, Kent ME15 6SX **Business Address |** 71 College Road, Maidstone, Kent ME15 6SX **Auditors |** Kreston Reeves, Montague Place, Quayside, Chatham Maritime, Chatham, ME4 4QU **Bankers |** HSBC Bank plc, Maidstone Commercial Centre, 1 - 5 Week Street, Maidstone, Kent ME14 1QW **Solicitors |** Warner LLP, Bank House, Bank Street, Tonbridge, Kent TN9 1BL **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** ## **The Young Lives Foundation | Objectives and Activities for Public Benefit** The objectives of the charity, as set out in the memorandum of association, are: (a) To meet the needs of young people and to promote their personal and social development and advancement in life by providing information, assistance and advice; and (b) To meet the needs of adults over the age of 25 who have formerly received support from the charity, or such adults who are in need or socially or economically disadvantaged, by providing information, assistance and advice. The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit reporting when reviewing the charity’s aims and objectives and in planning future activities. The Young Lives Foundation (YLF) has continued to provide a range of services and activities for the benefit of those in need across the South-East of England in line with the charity’s mission, which is to be alongside children, young people and those deemed vulnerable in ways that: - Affirm their identity and worth - Champion their rights, needs and interests - Promote their well-being and development YLF does this by: - Supporting them through times of difficulty and distress - Enabling their voices to be heard - Assisting them to achieve their potential YLF’s services are delivered through a set of unique programmes in the following areas: - Mentoring & Befriending - Advocacy & Children’s Rights - Positive Activities (Legends Programme) - Apprenticeship Programmes **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** ## **YLF | Activities and Achievements** The last 12 months have presented significant challenges to the charity due to ongoing issues that were caused by the Covid-19 global pandemic, which has impacted service delivery, working practices and has had significant impact on the lives of those benefitting from the support of YLF. Despite this, the charity was able to sustain usual levels of support to over 3,000 people. YLF also continued to see significant growth and development, delivering statutory services under contracts with local authorities, designing and launching innovative support programmes and maintained fundraising to resource much needed services where there was a lack of provision. This has allowed YLF to continue responding to demand with innovative service design and delivery, recruiting experienced staff and volunteers and more importantly, supporting more vulnerable people, children, young people and families. YLF continues to work to a shared vision that every child and young person in need has access to resources and opportunities needed for them to lead fulfilled lives and reach their potential. Feedback from young people and other stakeholders lets us know what a positive impact the support provided by YLF has had on their lives. _“In six years YLF are the best support service by far that we have engaged with. The support offered has been phenomenal and had had such an impact on our lives. I can’t thank the team enough for the support we get and long may it continue._ _So, thank you for your incredible charity and I believe your organisation would not be as amazing if weren’t for the people you have working for you.”_ ## _Parent_ ## **YLF | Response to Covid-19** The impact of the Covid-19 pandemic remained challenging during the 12-month period, with the impact of the pandemic on people’s lives leading to an increase in demand for YLF services. YLF was able to utilise emergency funding from central government, local authorities and trusts to ensure that services could be upscaled to meet the changing needs and increased demands. In this period YLF was able to - maintain frontline work as key workers, ensuring essential statutory work and key services for vulnerable people was delivered in challenging circumstances - sustain support for children and families who needed it and maintaining high standards of delivery - adapt to a new way of working and delivering services, including new technologies and remote ways of delivering support safely - Establish a new management structure to ensure teams were resources and supported effectively - Recruit, induct, train and support more staff and volunteers to meet increasing demand **----- Start of picture text -----**
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**Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** - Ensure funding streams were in place to support the development of increased work and delivery of support services Whilst there was inevitable disruption to the YLF’s longer term strategy and plans that were in place, YLF demonstrated a high degree of resilience, the ability to mobilise rapidly, adapt to change, embrace it and ensure the charity and its people were able to maintain the charities mission and values: - **Passion –** motivated to do something, desire to help, energy to offer support - **Principles** - despite pressures on time and conditions, remaining focused and young person centered - **Innovation** – delivering services differently, utilizing technologies, gaming groups, video tutorials, increased partnership working and so much more - **Integrity –** safe in our practice, dependable, honest and accountable During the year YLF experienced in excess of 60% increase in demand for support, particularly from schools and families. Much of this demand related to the emotional impact the pandemic had on young people and difficulties in adjusting from the isolation to a return to school and pre pandemic ways of life. _“I just wanted to say thank you so much for the sessions that you are doing with our students they are working so well and the feedback from the students is lovely to hear. James couldn’t wait to tell me yesterday about his mentoring and Jack said the sessions are helping him so much!”_ _Head of Year_ ## **YLF | Mentoring and Befriending** ## **Mentoring** YLF’s mentoring programmes have been developed and expanded to meet the continued increase in demand, particularly for children and young people who have been identified as having increased needs due to the pandemic. YLF has established a successful model for delivering both group and one to one mentoring in schools and in the community. YLF continues to receive funding from the Big Lottery to provide mentoring under the HeadStart programme and in the last year received additional funds from Reconnect Programme to expand mentoring support for children impacted by the pandemic and meet the increased demand. YLF’s successful mentoring programmes in primary and secondary schools, complements the work of the school and offers additional guidance and support to young people who have additional needs or are experiencing difficulties. _“I just wanted to make contact to share how delighted we are with the service that Amber has provided for some of our students. My staff have told me that the students involved in the mentoring have found this very beneficial in a time which is proving very difficult for many of our community.”_ **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** ## _Deputy Head Teacher_ YLF recruits, trains, supports and retains volunteers to act as mentors, who, motivate, guide and assist young people and work with them in the achievement of positive goals. Our mentors build young people’s self-esteem and confidence, encourage and reward positive behaviours, divert away from risk taking, crime and exploitation. They do this by introducing positive activities and assisting with the achievement of positive goals. During the past year, these goals included: building resilience, addressing safeguarding concerns, improving relationships within the home, returning to school, improving schoolwork/attendance, gaining work experience or employment and taking part in activities within their communities and/or school. _"My son is an extremely anxious boy who does not do well with new people. Matthew took his time to get to know my son and to settle his nerves until he was confident with him. My son has been going to see Matthew and joining in the YLF clubs for just short of a year now. YLF have stepped in and supported my little boy when he was very lost in a very confusing world. The support he gets from YLF is astronomical and vital in his wellbeing! I cannot thank his mentor enough for all the extra_ _hours he has been there to support my son in times of crisis and the confidence he has given him in such a troubling time in his life. I cannot count how many different clubs my son has joined but he has never managed to stay for more than a month or 2. He has been going to the clubs that YLF run_ _and has been able to stay out for the whole time and thoroughly enjoys going. This is a massive achievement for him and this time last year I would of thought it was impossible! YLF has given him a sense of belonging in this crazy world. Whenever he is feeling low there is always someone at the end_ _of the line ready and willing to support him. I owe YLF so much as a parent I cannot thank them enough for the support they give my son through his rough times and good times. I really don't know what my son would do without them now!”_ ## _Parent_ In addition to the outcomes above, as an ASDAN Registered Centre and an Arts Award Centre, YLF can offer nationally recognised qualifications. Over **350** young people received mentoring support from YLF last year. 85% of mentoring arrangements were successful in supporting the young person to achieve their agreed goals/objectives. 90% of young people receiving mentoring support show an increase in positive behaviour at home or school. Referrals are received principally through the Early Help Teams, Social Workers and Schools. - “It has been an absolute pleasure working with your team, and getting a huge emotional wellbeing programme off the ground and delivered across Kent, which has been a huge undertaking, but working with organisations like yours has made it a joyful journey for us all.” ## _Programme Manager, HeadStart kent_ **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** ## **Befriending** YLF also recruits, trains and supports volunteers to act as Independent Visitors (IV) or befrienders for young people in care. The statutory role of the IV, as defined in The Children Act, is “to visit, advise and befriend” and to take a long-term interest in the young person’s well-being and development. YLF’s befriending programme is designed for children in the care of local authorities and the Independent Visitor is often the only consistent and stable adult in the young person’s life. Independent visitors spend good quality time with young people and vary the time between informal support and activities. The service is available to any eligible young person placed in Kent or Medway, with referrals being received from the young person’s Social Worker. The service is funded through agreements with Kent County Council and Medway Council and through spot-purchase arrangements with other local authorities who place young people into our operating area. This support and having a consistent adult was even more valuable over the last 12 months given the isolation many children experienced due to the pandemic. Over **124** looked after children benefit from having a YLF Befriender last year. _"This is an absolutely fantastic scheme; my foster son has an Independent Visitor, and it has been the best thing for him, I cannot speak highly enough about it. He loves his visitor and they have a great relationship. I would recommend it to all young people!"_ ## _Foster Carer_ _"I have seen on my visits when doing assessments that his visitor is the most important person in his life. That may sound extreme, but this service has been life changing for him in so many ways. His volunteer is a fantastic listening ear"_ ## _Social Worker_ _"I feel free to talk to her, our relationship is honest, and I tell her things, like how I feel, and she understands my perspective, I am happy that I can tell her how I feel, and she will understand me.”_ ## _Young Person_ ## **Mentoring Care Leavers** YLF continues to deliver a Mentoring Programme for young adults leaving the care system. As part of both Kent and Medway Councils Care Leavers offer, the service: - Supports care leavers practically in developing life skills - Reduces care leavers who are at risk of being Not in Education, Employment or Training (NEET) **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** - Sustains tenancies and placement stability - Reduces loneliness and isolation by giving someone to talk to The Leaving Care Mentoring also allows for the IV Service to be extended to post 18 and ensure that young people in transition to independence receive consistent support from a trusted adult. In the first 6 months over 52 care leavers have received support from a Mentor. In the past 12 months, YLF has developed a positive network and partnerships with local businesses, trusts and community groups to ensure care leavers can access work experience, apprenticeships and training opportunities. YLF has also been able to distribute over £3,000 to care leavers in hardship grants, to support young people to buy clothing and equipment for work, pursue talents and interests and purchase resources for college/university. This year we supported a care leaver to apply for hardship grant to support his interest and obvious talent for boxing. Through the grant he was able to pay for 6 months gym membership at the boxing club, buy clothing and gloves etc. He is now competing in national championships and has been awarded the National Amateur Champion under 60kg title. _"Mentoring has given me the freedom, fresh air and a purpose for getting out of the house. It was hard for me to meet someone new but I am pleased I did. I am building my confidence and feeling more settled. I am very grateful”_ _“Honestly, I feel upgraded and like I belong in the rest of the world and fit in with people_ _**.** Its not just coffee and cakes but real opportunities”_ _Care Leavers_ ## **YLF | Advocacy and Children’s Rights** YLF’s Rights, Representation and Advocacy Services, have continued to support an increasing number of vulnerable people each year on a wide range of issues. Enabling young people’s voices to be heard in the decisions that affect their lives and ensuring they are safeguarded in these processes is central to our charity’s mission and activity. Over **2,500** people were supported through our advocacy and children’s rights services in 2021/22. ## **Accompanying Adult Service** When asylum seeking children arrive in the UK unaccompanied, there will sometimes be confusion over their age. YLF has been delivering The Accompanying Adult Service across Kent for over 5 years, assisting in an age assessment interview process. YLF’s Accompanying Adult volunteers are there to ensure interviews are conducted properly and fairly and are compliant with the legal requirements. YLF Accompanying Adults are volunteers who act independently from the Local Authority. They are fully trained to ensure they can give the best support to children seeking asylum. The role of the **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** volunteer Accompanying Adult is to ensure that the child understands why the age assessment is taking place and has an interpreter present, and to facilitate communication between all parties. YLF’s experience in working with vulnerable young people in times of distress, particularly in an interview setting, means it can offer excellent support to the young person and equally provide the right training to the volunteers who are delivering this crucial frontline work. In the last 12 months YLF supported people at **250** age assessment interviews. _“You listened to me and helped me through the hardest time in my life….Thank You”_ ## _Unaccompanied Asylum Seeker_ ## **Independent Person Service** An Independent Person (IP) is appointed to oversee the process of a Stage Two Complaint Investigation when a local authority receives a complaint about a child they have supported. An IP is not an Advocate for the complainant. The role of the IP is to work alongside the Investigating Officer (IO) to provide an independent and objective view to the investigation of the complaint. YLF’s IPs are self-employed to avoid conflict of interest and comply with timescales for completion (up to a maximum 65 working days) in line with the requirements of The Children Act 1989 Representations Procedure Regulations and Guidance, ‘Getting the Best from Complaints’. IPs provide a written report on the investigation written in plain language. _“I wish to express my profound gratitude for the sincere, thorough and unbiased work you carried out on the stage 2 complaint. I appreciate the painstaking efforts you made going through the numerous details and correspondences.to establish the facts and the fair and uncompromising manner in which your findings were disclosed. This was very reassuring and thank you for your good work.”_ _Complainant_ ## **Secure Panel Reviews** YLF can provide trained and experienced staff to support further statutory processes such as Return Interviews and Secure Panel Reviews. Our staff have expertise to ensure the young person has opportunities to express their views and opinions, feel listened to and, when appropriate, offer advice on further support or signpost them to other supportive services. Although independent from local authorities, YLF staff have established excellent protocols for partnership working with social work teams and are key in the delivery of effective communications which help safeguard young people. _“Having the Independent Person on the Panel offers reassurances to both the young people we are reviewing and my staff. The perspective they can offer is helpful and we are very grateful for the high standard of support we receive from YLF Independent People.”_ _Director, Kent County Council_ **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** ## **Appropriate Adult Service** YLF recruits, trains and supports volunteers to act as appropriate adults for young people aged 10-17 and vulnerable adults when they are in Kent Police custody. The presence of an appropriate adult is a legal requirement under the Police and Criminal Evidence Act 1984 (PACE). In most cases, this role is carried out by a parent, family member, or carer, but when one of these is not in attendance, Kent Police call for one of our volunteers to act as the appropriate adult. The role of an appropriate adult is to monitor procedures in custody, facilitate communication between the detained person and the police and to ensure that the detained person is safeguarded whilst in custody. In addition to the above, our volunteers will raise any concerns they have about the safety or well-being of the detained person outside the police custody environment (eg home, school, or neighbourhood). The Home Office declared the Appropriate Adult role ‘key work’ during the pandemic and in order to comply with PACE, YLF’s Appropriate Adult volunteers and staff were required to attend custody suites in person throughout the pandemic. In the year, YLF’s appropriate adults attended custody suites on **2,863** occasions. YLF is delighted and incredibly proud that the Appropriate Adult Service received The Queen’s Award for Voluntary Service (QAVS). The service is available to all custody suites in the Kent Police area and is funded through Kent County Council and Medway Council. YLF’s Appropriate Adult Service meets the national standards set by the National Appropriate Adult Network and Home Office. _“I am not sure how we recognise excellent work from the AA scheme. On Saturday I was covering Folkestone custody. On a very busy day, one of our Appropriate adults arrived at the station to deal with a Detainee as prearranged. In the suite we had one person in for murder who also required an AA. Due to the offence a lot of work was required around the suspect with samples etc. The suspect who was known for extreme violence was likely to be in for several days but the AA immediately volunteered to stay and was aware it may require several days of his commitment along with him hearing some gruesome details._ _As well as taking on this job, he said as we were very busy in custody he would, in between dealing with the murder suspect, pick up any other AA jobs that came in. There were a further 2 which he kindly assisted with._ _Without the volunteer that day with Canterbury custody full and Margate shut, Folkestone would have ground to a halt. I thanked him for all his hard work and commitment but feel that he should receive some formal recognition.”_ **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** _Custody Sgt, Kent Police_ ## **Advocacy Programmes** YLF provides the Rights and Advocacy service for young people receiving or eligible to receive support from both Kent and Medway Children’s Services and children placed into Kent with neighbouring authorities. These services are commissioned by each local authority under their statutory obligations. In 2021/22, YLF advocates supported **406** young people who presented with a wide range of issues. Our advocates supported young people, aged 5-24, through direct advocacy support, or by empowering the young person to self-advocate. Young people present to YLF with a wide range of issues relating to their lives, which this year included: placement moves, leaving care, education, housing, legal or financial matters, appropriateness of treatment, standards of care, and family contact. YLF’s advocates also support and/or represent children and young people in meetings where decisions are being made about their lives. These meetings include Care Plan Reviews, care proceedings, Joint Housing Assessments and Family Group Conferences. YLF delivers the service using a team of experienced and trained advocates combining an extensive range of skills and experience to support the individual needs of young people accessing the service. _“To the best of my knowledge, living in a different country is very difficult without your family, I came to the UK as an Asylum seeker in 2019 and I have been struggling with a lot of problems in the past two years, since I have arrived in the UK. I found the Young Lives Foundation very helpful; I was feeling that no one is here to listen to me. Finally, the refuge council referred me to this organisation and I had someone to stand up for me and fight for my rights, I would like to also mention about my advocate. She has supported me in the best way she could, I appreciate her presence and I wish her a_ _peaceful life full of happiness. People like her are hard to find and I am telling this from the heart. I appreciate her support and all the work she has done for me.”_ _“You were very helpful, and I can't thank you enough for your support over the last couple of years. You made such a difference to me, and my baby, and our life is better than I ever imagined due to you never giving up on us. Thank you”_ _Hi J, I just wanted to say thank you so much or all you have done in the few days since we met you. You are moving mountains!! L is very reassured by you being his voice. Thanks again.”_ _Foster Carer_ **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** ## **Medway Children and Young People’s Council (MCYPC)** YLF has also continued to facilitate and support young people speaking collectively about their experiences of being in care – principally through the Medway Children and Young People’s Council (MCYPC). YLF provides the MCYPC for Medway Council and facilitates young people’s involvement and engagement with the local authority. The overall aim of the council is to be the effective and representative voice of all children and young people in and leaving Medway Council’s care through the development and review of the local authority’s policy, performance, practice and provision affecting life in care. Members of the MCYPC have continued being the voice of Medway’s 420 plus children in care by attending formal meetings with the Director of Children’s and Adults’ Services and by providing a proactive voice on the Corporate Parenting Group. During the year, participation events have been delivered and achievements this year have included the ongoing campaign to tackle the stigma of being in care and the language used by professionals. The MCYPC has also successfully lobbied the Council to fund driving lessons, consider council tax exemption for care leavers and improve the standard of supported accommodation. These issues are instrumental in shaping Medway Council’s offer to its children and young people. _“I am writing to you following our 3[rd] Monitoring Visit by Ofsted that focussed on Children in Care. Inspectors spoke to us about the positive work they have seen that you have been supporting_ _to enable our children and young people to participate more actively in our corporate parenting board. I hope that you will be able to feed this back to the YLF Team and the children who_ _participate and we enjoy working especially close with._ _We are enjoying being on this journey with you!”_ _Assistant Director, Medway Council_ ## **YLF | Positive Activities Programmes & Hubs (LEGENDS)** Funding from TNL Reaching Communities, BBC Children in Need and the Masonic Charitable Foundation, have enabled YLF to expand the range of activities offered throughout the year and deliver new and increased opportunities for a wider range of young people. The Legends Programme continues to provide a safe and secure setting for disadvantaged young people to come together and have the opportunity to try new things. The young people engaging in these programmes are children in care, those with learning or behavioural difficulties or having **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** special educational needs or those from deprived backgrounds. Most would not otherwise have the opportunity to enjoy some of the activities YLF has been able to offer them. In the last 12 months, the Legends Team have had to show high levels of innovation to ensure support could be maintained in line with Covid restrictions on social activities. Over 170 young people were supported during the year the past year, with 88% of these young people attending activities rating the programme as 10 out of 10 Gaming groups were also created for young people to have a safe gaming zone to interact with peers, staff and volunteers, educating young people on how to game safely and the risks that the virtual gaming world can present. Many young people lack opportunities, self-confidence, self-esteem and social skills. Many do not have appropriate role models and have limited relationships with peers. 100% of the activities offered are funded using YLF’s fundraised income. YLF is extremely grateful to its supporters and grant making trusts for the success of these programmes. YLF believes that involving the young people in designing, planning and then participating in each activity gives them ownership of their programme and develops life skills including budgeting, confidence and social skills. _"My 2 kids love their Tuesday at the YLF youth group. It gives them the opportunity to try new things that they wouldn't be able too, and they are able to enjoy this is a supportive and safe environment.”_ _The groups and activities and staff have helped my son who is autistic with support whilst being bullied and helped to learn social skills that he struggles with due to his autism._ _Both my children have blossomed.”_ _Parent_ _The club has really helped both of my children, for K it is a safe social setting that are accepting of his additional needs and encourage him and has really helped with his attachment issues from when he first joined. For E it is a place to build relationships and confidence and she has experienced so many new things since joining._ _Both of my children love attending the club and they enjoy the activities weekly and the holiday activities that are varied to suit everyone._ _The Staff are amazing and always available to children and parents.”_ ## _Parent_ _"If I didn't start coming to the group two and half years ago, I don't know where I would be, you guys stopped me joining a gang and have helped me to get out of trouble and made me feel better about myself."_ **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** ## _Legends Member (Thanet)_ Referrals to the programme are primarily from Specialist Children’s Services, Foster Carers, Early Help Teams, Schools and other Voluntary Groups. ## **YLF | The Value and Benefits of Volunteering** Volunteers from YLF have once again shown how valuable the gift of time can be with over 3,500 people benefiting from that gift in 2021/22. We continue to recognise the importance of ensuring our team of 260 volunteers are trained and supported in delivering high quality frontline services and achieving the exemplary standards we set. Despite the challenges of the pandemic, YLF continued to recruit and train new volunteers to assist with the increased levels of demand. In the last 12 months YLF recruited and trained over 78 new volunteers. _"I really feel like part of the wider YLF Family since volunteering for YLF. Staff are always there with offers of support and guidance"_ ## _Volunteer Befriender_ Over the year, YLF’s volunteers gave over 30,000 hours of frontline support to vulnerable people. When calculated at the minimum wage this equates to a value of almost £280,000. Volunteers tell us how they themselves also benefit from these volunteering activities. Their horizons are broadened; they are able to see beyond the stereotypes of ‘young people today’ and understand better the challenges and issues that some young people have to face. New skills are learned, and skills gained occupationally can be enhanced or continued in retirement. _“Young People can have a tough time and I wanted to be someone who is there to support them and try and make a positive difference in their lives. It has been incredibly rewarding and life changing for me too!! It has changed my whole perspective and I have learnt so much about issues young people grow up with in the modern world. I have learnt there is far more than meets the eye and I feel energised to help young people on their hard and diverse journeys.”_ ## _HALEY’S VOLUNTEER STORY_ YLF is delighted to have been awarded The National Appropriate Adult Network Standard and the NCVO Investing in Volunteers Award. This demonstrates that YLF is a supportive organisation to volunteer with and that there are effective systems in place for keeping volunteers and service users safe. _“Volunteers from YLF perform a vital role is supporting and mentoring young people across Kent. They make a massive contribution to helping young people across many areas of their lives, from HeadStart mentoring to helping through the challenges of the transition to adult life.”_ _Roger Gough, Leader, Kent County Council_ **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** ## **YLF | Apprenticeships and Students** Thanks to funding from The Cobtree Trust, YLF is now in its eighth year of offering apprenticeships to young people who were previously not in education or employment. This ambitious scheme provides opportunities for young people to learn and develop skills for the world of work in a safe and supportive environment. Apprentices are required to complete an NVQ Level 2 Qualification and when the time has come for them to move on they do so with a qualification, skills, experience and a new found confidence - along with a helping hand and practical help to find alternative employment. YLF also offers placements for MA and BA Social Work Students from local universities. These placements offer invaluable learning experiences to students to support them in their studies and future career goals. We have also offered young people unique work experience opportunities, learning about the world of work in a thriving charity environment. _"From talking to others on my course I know I have been very lucky to have a placement with YLF, the experiences it has afforded me are so helpful to my studies and my future career in social work. It has ben a wonderful and challenging experience but I have learnt so much – thank you”._ ## **YLF | Financial Review** ## **YLF |** Principal Funding Sources The charity’s principal funding (61% of income) continues to come from local authority contracts for commissioned services and activities. Fundraising events, fundraised grants and voluntary donations (about 34% of income) have played an increasingly important part during the year. The remaining 5% of income is made up of investment and earned income. For every £1 raised by YLF fundraising activity, at least 80 pence is allocated to front line services and support. ## **YLF |** Reserves Policy The policy in respect of reserve funds is to build and maintain reserves at a level sufficient to sustain and enhance existing work, where necessary and appropriate; enable the development of new areas of work and contribute towards the central costs of the charity. YLF Trustees aim to build free reserves to cover six months operational costs. Currently free reserves stand at £337,270. 6 months expenditure equates to £464,247 which is higher than our current reserves, however part of this expenditure is on our mentoring projects for **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** which we hold £419,126 restricted reserves at year end. Therefore it is considered that we are within our reserves policy. The Trustees have carefully considered the need to hold higher reserves in the short term to be appropriate given the uncertainty caused by the global pandemic and with the re commissioning of the local authority contracts in 2022. By increasing the reserves for the current period the charity can be confident of meeting it’s charitable objectives over the coming year regardless of these external factors. ## **YLF |** Investment Policy The Trustees have kept the charity’s investment policy under review during the year balancing diversification, to ensure that funds placed on deposit are covered by compensation arrangements, with the need to obtain a reasonable return on investments. ## **YLF | Structure, Governance and Management** ## **YLF |** Governing Document The Young Lives Foundation is a company limited by guarantee, incorporated on 15 November 2006 and registered as a charity on 6 June 2007. The company is governed by its Memorandum and Articles of Association. In the event of the company being wound up, the members may each be required to contribute an amount not exceeding £10. ## **YLF |** Recruitment and Appointment of Trustees The Directors of the company are also charity Trustees as defined by Section 97 of the Charities Act 1993. All Trustees give their time voluntarily and receive no benefits from the charity. The charity is fortunate in retaining Trustees who have a demonstrable commitment to its work and who collectively possess a range of business and professional skills including business management and development, charities finance and fundraising, education, marketing, HR, children’s services and the law. YLF also have a Trustee who acts as a frontline volunteer with the charity and a Trustee with lived experience having previously been supported by the charity. ## **YLF |** Trustee Induction and Training Trustees receive regular written and oral briefings on the charity’s services and activities. There are also opportunities during the year for Trustees to meet with staff, volunteers and young people with whom the charity works. Those invited to become Trustees have opportunities to meet with the Chairman and existing Trustees and with the CEO and YLF staff team to discuss the role and to learn more about the charity’s organisation, aims, objectives and operations. New Trustees also receive a comprehensive induction to the work and management of the charity from the CEO and an experienced Trustee and undertake training on Safeguarding, GDPR, Prevent and Equality and Diversity. **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** ## **YLF |** Organisation The Board of Trustees meets at least six times a year. The Board has overall responsibility for the effective governance of the charity and for setting the long-term strategy. Managerial responsibility is delegated to the Chief Executive Officer. In addition, there are sub-committees of the Board where vital areas of the charities governance can be given more focused input. Sub Committees are Finance and Risk, Fundraising and Governance and Compliance. Trustees undergo training relevant to their duties and responsibilities during their term. YLF adopts the Charity Commission Good Governance Code as a benchmark for the governance of the charity. ## **YLF |** Risk Management Risk management measures are in place covering both financial and non-financial risks. The latter category includes health and safety, lone working, business continuity and safeguarding the young people and vulnerable adults with whom the charity works. All activities involving young people are rigorously risk-assessed. The financial risks to which the charity might be exposed are regularly reviewed and action taken, as required, to protect the charity’s cash assets. Particular attention has been paid during the year to the risks the charity might face from changes in the social care landscape, funding environment and commissioning regime. A business continuity strategy and risk register are in place to ensure that the charity can engage positively and creatively with the challenges and opportunities being presented and can also mitigate the impact of any reductions in local authority grant funding. ## **YLF |** Plans for Future Period The Young Lives Foundation is dedicated to maintaining the highest standards of practice throughout its work with vulnerable young people. The input and feedback given by partners, professionals, staff, volunteers and most importantly, the young people supported is highly valued. YLF aims to develop and enhance its services to meet the needs and demands of beneficiaries each year whilst ensuring that positive outcomes are achieved. Challenges that were caused by the pandemic over the last 24 months, as highlighted earlier in this report, have meant that some of the plans for the year were not progressed. The focus and priority for the period has been on delivering frontline key work and ensuring this continued, including redeployment of staff/volunteers from existing roles to key work. This prevented progress in developing some of the plans that YLF had hoped to implement. However, these plans, have been adapted and are included in YLF’s planning for the coming year. **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** Plans for the coming year include, successful re tendering for statutory support programmes and further development of these programmes, developing and increasing earlier interventions and preventative support to a wider range of children, young people and families in response to growing demand and investment in robust fundraising strategies and increased resources to support these plans: - **Develop and increase services that support young people in need with a focus on earlier intervention and prevention** - Launching new preventative programmes to address the risks to young people of in a post pandemic world, with focus on Reconnecting to education and employment opportunities, positive social and leisure pursuits, building emotional resilience and coping strategies and educating to avoid exploitation and damaging online behaviours _(Mentoring, Legends Programme, School Based Support)_ - Partnering with more schools and colleges across Kent, supporting students who have additional support needs and those with emotional and mental health support needs. This includes a dedicated a Mentoring Coordinator to develop the mentoring support in schools. _(Mentoring)_ - Increasing YLF’s Apprenticeship and Employment Programme to build in more Apprenticeships, work experience placements and volunteering opportunities _(Learning & Development)_ - Expanding the Legends Hub Based Model of service into new districts and increasing partnership working across districts _(Positive Activities and Local Presence)_ - Resource, Implement and Develop effective support programmes for Care Leavers to include increased mentoring provision, peer support models, Hardship Bursaries and sustainable programmes supporting the transition to independence (Mentoring & Peer Support) - **Retain and recommission statutory services with a wider YLF offer to complement existing services** - _Support local authority partners to review and Implement existing specifications and models of delivery which are sustainable for the coming 5 years_ - _Explore the provision of supported accommodation for Care Leavers_ - _Establish a mentoring offer as an alternative to Befriending for children in care to increase reach to more young people._ - _Provide 24 hr support for some statutory provisions_ **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** - _Develop a specialist training package for YLF volunteers to upskill the workforce to support wider groups of children in need_ - **Maintain a focus on service delivery within Kent, Medway and neighbouring regions** - **Investment in fundraising resources so that YLF can increase income to develop and expand services to support a wider range of young people** ## **YLF |** Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. ## **YLF |** Post Balance Sheet Events There have been no events since the Balance Sheet date that have materially altered the position of the charity as represented within these financial statements. ## **YLF |** Trustees' Responsibilities The Trustees (who are also the directors of YLF for the purposes of company law) are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements the Trustees are required to: - select suitable accounting policies and then apply them consistently - observe the methods and principles in the Charities SORP - make judgements and estimates that are reasonable and prudent - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the **Financial Statements | Year Ended 31 March 2022 Registered Number 05999166| Charity Number 1119528** assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **YLF |** Disclosure of Information to Auditors Each of the persons who are Trustees at the time when this Trustees’ report is approved has confirmed that: - so far as Trustees are aware, there is no relevant audit information of which the charitable company’s auditors are unaware, and; - that Trustees have taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable company’s auditors are aware of that information. ## **YLF |** Auditors The auditors, Kreston Reeves, have indicated their willingness to continue in office. The Designated Trustees will propose a motion re-appointing the auditors at a meeting of the Trustees. In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006. Approved by the Board of Trustees on and signed on their behalf by:- 20 October 2022 ## **L HUTCHINSON | CHAIRMAN** **Registered office** 71 College Road, Maidstone Kent ME15 6SX The Young Lives Foundation (A company Ilmlted by guarnntee) Independent auditor's report to the Members of The Young Lives Foundation Opinion Vve have audited the financial statements of The Young Lives Foundation (the 'charitll for the year ended 31 March 2022 which comprise the Statement of financial aclivilies. the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard 8ppIic8ble in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stslements: give a true and fair view of the stale of the charitable companls affairs as al 31 March 2022 and of ils incoming resources and application of resources. including its income and expenditure for the year then ended., have been propedy prepared in a¢¢ordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. 8asls for opinlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are ftjrther described in Ihe Audilorfs responsibilities for the audit of the financial statements section of ovr report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Stsndard, and we have fulfilled our other ethical responsibilities in accordance with these requiremenis. We believe that the audit evidence we have obtained is sufficient and appropnate to provide a basis for our opinion. Concluslons relatlng lo golng concem In auditing the financial stalemenls, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any materi81 uncertainties relating to events or conditions that, individually or colleth'vely. may cast significant doubt on the ch8ri18ble company's ability to continue as a going concem for a period of at least iwelve months from when the financial statements are 8ulhorised for issue. Our responsibilities and the responsibilities of the Trustees wth respect to going concem are described in the relevant sections of this report. The Young Lives Foundation (A company Ilmlted by guarnntee) Independent auditor's report to the Members of The Young Lives Foundation (continued) Other information The other information comprises the infomiation induded in the Annual report other than the financial statements and our Audilorfs report thereon. The Trustees are responsible for the other information contsined within the Annual report. Our opinion on the financial slalements does not cover the other information and, except lo the exlenl otherwise explicitly staled in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is to read the other infomialion and. in doing so, consider whether the other information is materially inconsistent with the financial slalemenls or our knowledge obtained in the c£)urse of the audit, or otherwise appears to be materially misstated. If we identify such materi81 inconsistencies or apparent material misstatements, we are required lo delemiine whether this gives rise to 8 materi81 misst8lemenl in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material misstatement of thi$ other information. we are required to report that fact. We have nothing lo report in thi5 regard. Oplnlon on other rnattgrs prgscrlbgd by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given in Ihe Trustees. report for the financial year for which the financial statements are prepared is consislenl wlh the financial statements. the Trustees. report has been pr&pared in accordance with applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of our knowledge and understanding of the th8rilable company and its environment obtsined in the course of the audit, we have not identified malerial misstalemenls in the Trustees, report. We have nothing to report in respect of the following matters in ￿latiOn to which Companies Act 2006 requires us lo r8POrt lo you if. in our opinion.. adequate accounting records have not been kept, or retums adequat8 for our audit have not be8n received from branches not visited by us.. or the financial statements are not in agreement with the accounting record$ and returns- or ertain disclosures of Trustees, remuneration specified by law are not Made; or we have not re￿Ived all the information and expl8nalion5 we require for our audit- or the Trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from the requirement to prepare a Strategic report. Responsibilities of trustees As explained more fully in the Trustees, responsibilities statement. the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlemal control as the Trustees detemiine is necessary lo enable the preparalion of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charitable companys ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going con￿rn basis of accounling unless the Truslees eilher intend lo liquidate the charitsble company or to cease operations, or have no realistic allematsve but lo do so. The Young Lives Foundation (A company Ilmlted by guarnntee) Independent auditor's report to the Members of The Young Lives Foundation (continued) Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstalemenl, whether due to fraud or error, and to issue an Audilorfs report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misslatemenl when it exists. Misslatemenls can arise from fraud or error and are considered materi81 rf. individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial stslemenls. Irregularities, including fraud. are instances of non-compliance wilh18WS and regulations. We design procedures in line with our responsibilities. outlined above. lo delect material misstalemenls in respect of irregularities. including fraud. The extent lo which our pr(Kedures are capable of delecling irregularities, including fraud is detailed below= Capability of the audit in deteding irregul8nties. including fraud Based on our understsnding of the Charity and the sector as a whole. and through discussion with the Trustees and other management las required by auditing stsndardsl, we identified that the principal risks of non- compliance with laws and regulations related lo safeguarding, heallh and safety, anti-bribery and employment law. We considered the exlenl lo which non-compliance might have a material effect on the financial slalements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Chanlies SORP IFRS 1021 Second Edition (released October 20191. the Companies Act 2006 and other relevant charity legislation. We communicated identified laws and regulations throughout our team and remained alert lo any indications of non-compliance throughout the audit. We evaluated Trustees, and management's incentives and opportunities for fraudulent manipulation of the financial slalemenls (including the risk of override of conlrolsl and delemiined that the principal risks related posting inappropriate journal entries lo increase revenue or reduce expenditure, management bias in accounting estimates and judgemental areas of the financial. Audit procedures perfomed by Ihe engagement team included.. Discussions wth management and assessment of known or suspected instances of non-compliance with laws and regulations {including health and safety) and fraud; and Assessment of idenlified fraud risk faclors; and Review of cash and credit card expendilure to confirni no evidence of personal benefit,. and Challenging assumptions and judgements made by management in its significant accounting eslimales., and Performing analytical procedures lo identify any unusual or unexpected relationships, including related party Iransaclions, that rnay indicate risks of material misstalemenl due to fraud,. and Confirmation of related parties with fflanagement. and review of transactions throughout the period lo identify 8ny previously undisclosed transactions with re18ted parties outside the nom)al course of business- and Reading minutes of meetings of those charged wlh govemance- and Review of significant and unusual transactions., and Identifying and lesling ioumal entries. in particular any manual entries made al the year end for financial statement preparation. As part of an audit in accordance with ISAS {UKI. we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identrfy and assess the risks of material misstatement of the financial slatemenls, whether due lo fraud or error, design and perforni audit procedures responsive to those risks, and obtain audit eviden￿ that is sufficient and appropriate to promde a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of intemal control. Obtain an understsnding of inlemal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion of the effectiveness of the charitsble companys inlemal control. Evaluate the appropriateness of accounting policies used and Ihe reasonableness of accounting The Young Lives Foundation (A company Ilmlted by guarnntee) Independent auditor's report to the Members of The Young Lives Foundation (continued) estimates and related disclosures made by the Trustees. Conclude on the appropriateness of the Trustees. use of the going concern basis of accoLJnting and. based on the audit eviden￿ obtained, whether a material uncertainty exists related lo events or conditions that may cast significant doubl on the charitable companvs ability to continue as a going concern. If we conclude th818 m8leri81 Un￿rtaInty exists, we are required to draw attention in my Auditor's report lo the related disclosures in the financial stslemenls or, if such disclosures are inadequate, lo modify our opinion. Our conclusions are based on the audit evidence obtained up to the dale of my Auditovs report. However, future events or conditions may cause the charitable company to cease to continue as a going concern. Evaluate the overall presenlatson, struclure and conlenl of the financial stalemenls, including the disclosures, and whether ihe financial statements represent Ihe undedying transactions and events in a manner that achieves fair presen¢ation. The Young Lives Foundation (A company limlted by guarnntee) Independent auditor's report to the Members of The Young Lives Foundation (continued) We communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audil findings. induding any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely lo the charitsble companls members. as 8 body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitsble company's members those matters we are required to stale lo them in an Audilorfs report and for no other purpose. To the fullest extent pemitted by law. we do not accept or assume responsibility to anyone other than the charitable company and ils members. as a body. for our audit work. for this report. or for the opinions we have formed. Susan Roblnson BA FCA MCMI FCIE DChA (Senlor stalutory audltorl for and on beh81f of Kreston Reeves LLP Chartered Accounlanls Slatulory Auditor Monlagu8 Place Quayside Chatham Maritime Chatham Kent ME4 4QU Dale.. 21 October 2022 The Young Lives Foundation (A company Ilmlted by guarnntee) Statement of financial activities lincon)orating income and expenditure account) For the year ended 31 March 2022 Restricted Unrestricted funds funds 2022 2022 Total funds 2022 Total funds 2021 Note Incomo from: Donations and legacies Ch8rilabl8 aclivitses 71.723 927.909 94,515 63,819 11 166,238 991,728 11 176,977 817,966 91 Investments Total Income 999,632 158,345 1.157,977 995,034 Expendlture on: Raising fund$ Charilablg activits8S 2,115 817,314 72 2,187 926,295 108,981 746.880 Total expendlture 819,429 109,053 928,482 746.880 Net movement In funds 180,203 49,292 229,495 248,154 Reconclllatlon of funds". Total funds brought forward Nel movement in funds 310,930 180,203 287,978 49,292 598,908 229,495 350,754 248.154 Total funds carrled forward 491,133 337,270 828,403 598,908 The Statement of financial activities includes all gains and losses re(>)gnised in the year. The notes on pages 30 to 42 fomi part of these financial statements. The Young Lives Foundation IA company limited by guarantee) Registered number.. 05999166 Balance sheet As at 31 March 2022 2022 2021 Note Flxed assets Current assets Debtors Cash at bank and in hand 12 154.480 720,291 83.467 594,235 874,771 677,702 Creditors.. amounts falling due within one year 13 {46.368) 178,7941 Nèt turrènt ass•ts 828,403 S98,908 Total assets less current Ilabllitles 828,403 S98.908 Net assets excluding pension asset 828,403 598,908 Total not assets 828,403 598,908 Charlty funds Reslricled funds Unreslricleé funds 14 14 491,133 337,270 310,930 287,978 Total funds 828,403 598,908 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial slatemenis. The financial statements have been prepared in accordance with the provisions applicable lo enlilies subject lo the small companies regime. The financial statements were approved and authorised for issue by the Tnjstees on 20 October 2022 signed on their behalf by.. and L Hutchinson Chair of Trustees The notes on pages 30 to 42 form part of these financial statements. The Young Lives Foundation (A company Ilmlted by guarnntee) Statement of cash flows For the year ended 31 March 2022 2022 2021 Note Cash flows from operatlng actlvltles Nel cash used in operating activities 17 126.045 316,323 Cash flows from investing activities Dividends, interests and rents from investments 11 91 Net cash provlded by investing acllvlties 11 91 Change In cash and cash equlvalonts In tho yoar Cash and cash equivalents at the beginning of the year 126.056 316,414 277,821 594,235 Cash and cash equivalents at the end of the year 18 720.291 594,235 The notes on pages 30 to 42 form part of these ffinan¢ial statements The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 General information The Young Lives Foundation is a company. limiled by guarantee. incorporated in England and Wales. The company registration number is 05999166. The registered office address is 71 College Road. Maidslone, Kent. ME15 6SX. Accountlng pollcles 2.1 Basls of preparatlon of flnanclal statements The financial stslemenls have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The Young Live$ Foundation meets the definition of a publi¢ benefit entity under FRS 102. As$els and liabilities are iniiially recognised al historical cost or transaction value unless otherwise staled in the relevant accounting policy. 2.2 Golng concom The financial slalemenls have been prepared on a going concem basis. While the impact of the Covid-19 virus has been assessed by the Twslees, so far as resonable possible, due to ils unprecedented impact on the wider economy. it is difficult lo evaluate with any certainly the potential outcomes on Ihe charilYs aclivilies. However, taking into consideration the UK Government's response and the charilvs planning, Ihe Trustees have a reasonable expectalion that the charity will continue in operational existences for the foreseeable future. 2.3 Income All income is recognised once the Charity has entillemenl to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing enlitlemenl, the probability of receipt and the ability lo estimate with sufficient accuracy the amount receivable. Evidence of entillemenl lo a legacy exists when the Charity has sufficient evidence th818 gift has been left to them Ithrough knowledge of the existen￿ of 8 valid will and the death of the benef8clorl and the executor is satisfied that the property in question will not be required lo satisfy claims in the estate. Receipt of 8 legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable. which will generally be the expected cash amount lo be distributed to the Charity, can be reliably measured. Grants are induded in the Statement of finanryal activities on a le￿1vable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant fvnds on the Balance sheet. Where income is received in advance of entitlement of receipt, ils recognition is defe￿ed and induded in credilors as deferred income. Where entitlement occurs before income is received. the income is accrued. Income lax recoverable in relalion to investment income is recognised al the time the investment income is receivable. The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 Accounting policies Icontinuedl 2.4 Expendlture Expenditure is recognised once there is a legal or constnjctive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the totsl of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation harges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for ils charitsble purposes and includes costs of all fundraising activilies events and non-charilable trading. Expenditure on charilable activities is incurred on directly undertaking the activities which further the Charity's objectives. as well as any associated support cosls. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest recelvablo Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Chanty, this is nomally upon notification of the interest paid or payable by the inslilulion with whom the funds are deposited. 2.6 Taxatlon The Charity is considered lo pass the lesls sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accoréingly, the Charity is potentially exempt from taxation in respect of ineome or c8pi181 gains received within categories covered by Chapter 3 Part 11 of the Corporab'on Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to tharilable purposes. 2.7 Dobtors Trade and other debtors ar9 r9cognised al th8 setuement amount after any trado discount offergd. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.8 Cash at bank and In hand Cash al bank and in hand includes cash and short-lem highly liquid investments with a short maturity of three months or less from the dale of acquisitson or opening of the deposit or similar account. The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 Accounting policies Icontinuedl 2.9 LlabllltSes and provlslons Liabilities are wognised when there is an obligation al the Balance sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anlicipales it will pay lo settle the debt or the amount it has received as advanced pa￿￿ents for the goods or services il musl provide. Provisions are measured al the best estimate of the afflounts required lo settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.10 Flnanclal Instrumgnts The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their seltlemenl value with Ihe exception of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.11 Operatlngloases Rentals paid under operating leases are charged to the Statement of financial activities on a slraighl line basis over Ihe lease lefm. 2.12 Penslons The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the lund in respect of the year. 2.13 Fund o¢¢ountlng General funds are unreslricled funds which are available for use at the discretion of the Trustees in fvrtherance of the general objectives of the Charity and which have not been designated for other purposes. Roslricled fvnds are funds which are to b8 used in accordance with spocific r8slriclions imposed by donors or which have been raised by Ihe Charity for particular purposes. The costs of raising and administering such funds are charged againsl the specific fund. The aim and use of each restricted fund is set out in the notes lo the financial slatements. Investment income. gains and losses are allocaled to the appropriate fvnd. The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 Income from donations and legacies Restrl¢ted Unrestrlcted funds funds 2022 2022 Total funds 2022 Total funds 2021 Donations 71,723 94.515 166.238 176,977 Total 2021 54,949 122,028 176,977 Incomg from charitablg activities Restrlcted Unrestrlcted tunds funds 2022 2022 Total funds 2022 Total funds 2021 Local Authority Service Agreements Fundraised Income - G￿nIS and Trust$ Fundraised income - Events Earned income 708,900 208,S91 708.900 208,591 16,839 57.398 572,844 207,890 11.329 25,903 16.685 47,134 10,264 927,909 63.819 991,728 817,966 Total 2021 746,063 71,903 817,966 Invostrnent Incorne Unrestrlcted funds 2022 Total funds 2022 Total funds 2021 Bank interest 11 11 91 Total 2021 91 91 The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 Analysis of expenditure on charitable adivilies Summary by fund type Restrleted Unrestrlcted funds funds 2022 2022 Total funds 2022 Total funds 2021 Charitable Aelivities 817,314 108.981 926,295 746,880 Total 2021 646,492 100.388 746,880 Analysis of expenditure by activities Actlvltles undertaken dlrectly 2022 Support costs 2022 Total funds 2022 Total funds 2021 Charitable Aclivili¢$ 836,248 90.047 926,295 746,880 Total 2021 671.972 74.908 746,880 Dlred costs Restrlcled Unrestrlcted funds funds 2022 2022 Total funds 2022 Total funds 2021 Vvages and Salaries National Insurance 529.143 35,056 21,114 168.630 49,736 3.295 1,985 27,290 578.879 38.351 23,099 195.920 491,616 31,612 21,708 124,433 2,603 Pension Project expenses Depreciation 753,943 82.306 836,249 671,972 Total 2021 599,005 72,967 671.972 The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 Support costs Restrl¢ted Unrestrlcted funds funds 2022 2022 Total funds 2022 Total funds 2021 Repairs & Mainlenance Legal & Professional fees Rent, Rates & Utilities Pnnting, Postage & Sialionery IT costs Telephone costs Motor costs Sundry expenditure Fundraising costs Inlerpretting costs 2,700 5,905 14,210 5,732 14.364 9,704 6,869 2,024 S37 1,326 677 3.324 8.623 2,522 2.630 5.549 2.683 346 3.377 9.229 22,833 8.254 16,994 15,253 9.552 2.370 744 1,441 1,177 6,699 22,281 7,384 12,160 12,966 6,658 2,352 1.391 1,840 207 115 63,371 26,676 90.047 74,908 Total 2021 47,487 27.421 74,908 Audltor's r•mun6ratlon 2022 2021 Fees payable lo the Charitys auditor for the audrt of the Chantys annual accounts 5.728 4,320 Staff costs 2022 2021 Wages and salaries Social securily costs Contribution to defined contribution pension schemes 578,879 38.351 23.099 491.616 31,612 21,708 640.329 544,936 During the year redundancy payThenls of £Nil {2021 - £Nil) were made. The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 Staff costs {continued) The average number of persons employed by the Charity during the year was as follows.. 2022 2021 Employees 33 31 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2022 No. 2021 No. In the band £60,001 - £70.000 The total employment benefits including employers. pension contributions and employers, national insurance of the key management personnel were £147,739 12021- £73.0861 10. Trusteos. rgmuneratlon and expensos During the year, no Trustees received any remuneration or other b8nefiis12021- £NIL}. During the year ended 31 March 2022, no Tnjstee expenses have been incurred {2021- £NILI. 11. Tanglble flxed assets Motor vehlcles Offlce equlpment Total Cost or valuatlon Al 1 April 2021 Disposals 31,075 (9,000) 9.338 40,413 19,0001 Al 31 March 2022 22.075 9.338 31,413 Depreciation At 1 April 2021 On disposals 31,075 {9,000) 9,338 40,413 19,0001 At 31 March 2022 22,075 9.338 31,413 Net book value At 31 March 2022 At 31 March 2021 The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 12. Debtors 2022 2021 Due within one year Trade debtors Other debtors 139.169 135 78,336 Prepayrnenls and accrued income 15.176 5,131 154.480 83,467 13. Cr￿lIOrs.. Arnounts falllng due wlthln oné yéar 2022 2021 Trade Creditors Other taxation and social security Other creditors Accruals and deferred ino)me 6.412 12,520 3,247 24,189 2.470 8.427 4.047 63,850 46,368 78.794 The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 14. Statement of funds Statement of funds - current year Balance at 31 March 2022 Balance at 1 Aprll 2021 Income Expendlture Unrestricted funds Gener81 funds 287.978 158,345 (109.053) 337,270 Restricted funds Mentoring Apprenticeships Other Positive activities 222.575 19,352 872 36.942 31,189 362,625 12,500 2,459 125,066 466,078 1166.074) 112.688) {2.018} 1158.919) 1458,237) 1117) {1.128) 120,248) 419,126 19,164 1,313 3,089 39,030 Rights, representslion and advocacy services Covid-19 campaign Easter Xmas appeal 1,128 29,659 9,411 310.930 999,632 1819.429) 491,133 Total of funds 598.908 1.157,977 1928.482) 828,403 The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 14. Statement of funds (continued) Statement of funds - prfor year Balance al 31 March 2021 Balance at 1 April 2020 Income Expenditure Unrestricted funds 194.344 194.022 (100,3881 287.978 Restricted funds 68.575 18.464 284.998 12.000 17.000 53.347 417.223 16,444 1130,9981 111,1121 116,1281 185,7781 1386,0341 116,4441 222,575 19.352 872 69.371 38.942 31.189 156,410 801.012 1646,4921 310,930 Total of funds 350,754 995.034 1746,8801 598,908 15. Summary offunds Summary of funds . current year Balance at 31 March 2022 Balance at 1 April 2021 Ineome Expenditure General funds 287.978 310.930 158,345 999,632 (109.053) (819.429) 337,270 491,133 Restricted funds 598,908 1,157,977 (928.482) 828,403 The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 15. Summary offunds (continued) Summary of funds - prlor year Balance al 31 March 2021 Balance at 1 April 2020 Income Expenditure General funds Restricted funds 194,344 156.410 194.022 801.012 (100,3881 (646,4921 287,978 310.930 350.754 995.034 1746,8801 598,908 16. Analysls of net assets between fund8 Analysls of net assets between funds - current year Restrlcted Unrnstrlcted funds funds 2022 2022 Total funds 2022 Current assets Creditors due within one year 491,133 383.638 146,3681 874,771 {46,3681 Total 491.133 337,270 828,403 Analysis of net assets between funds - prlor year Restricied Unreslricled funds funds 2021 2021 Total funds 2021 Current assets 310.930 366,772 178,7941 677,702 {78,7941 Creditors due within one year Total 310.930 287,978 598,908 The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 17. Reconciliation of net movement in funds to net cash flow from operating activities 2022 2021 Net income for the ye8r {8s per Statement of Financial Activities) 229,495 248,154 Adjustments for: Depreciation charges Dividends. interests and rents from investments Decreasellincreasel in debtors Increasel{decre8sel in creditors 2,603 1911 25,228 40,429 {11) 171.013) 132.426) Nèt tash provlded by 0￿ratIng actlvltles 126,045 316,323 18. Analysls ol cash and cash equlvalents 2022 2021 Cash in hand 720.291 594.235 Total cash and cash equlvalents 720.291 594.235 19. Analysis of chang68 in nèt d&bt At 1 Aprll 2021 Cash Ilows At 31 March 2022 Cash at bank and in hand 594,235 126,056 720,291 594,235 126.056 720,291 20. Pension commitments The group operates a defined contribution pension scheme. The assets of the scherne are held separately from those of the group in an independently administered fund. The pension cost charge represents contribubons payable by the group to the fund and amounted lo £23,09912021 £21,708). Contribub'ons tolalling £3,247 12021 £2,730) were payable to the fund at the balan￿ sheet dale and are included in creditors. The Young Lives Foundation (A company Ilmlted by guarnntee) Notes to the financial statements For the year ended 31 March 2022 21. Operating lease commitments Al 31 March 2022 the Charity had commitments to make future minimum lease payments under non- cancellable operating leases as follows.. 2022 2021 Not later than 1 year Later than 1 year and not later than 5 years 9.239 21,830 9,239 9.239 31,069 22. Members. Ilablllty Each member of the charitsble company undertakes lo contribute to the assets of the company in the event of il being wound up while helshe is a member, or within one year after helshe ceases lo be a member, such amount as may be required, not exceeding £NIL for the debts and liabilities contracted before helshe ceases lo be 8 member. 23. Rèlat•d party tran8actlon$ During the year in¢ome was wceived from the Masoni¢ Charitable Trust of £29.99412021- £Nill, of whi¢h Leslie Hutchinson (Trusleel is also a member of key management personnel. There was no balance outstanding as of year end12021 4Nill.