ee
LWlll¥
Unlocking
Opportunities
Annual Report and Accounts
Year ended 31 January 2023
Unlocking
Opportunities
Handing young women the
keys to unlock potential
Annual Report and Accounts
Year ended 31 January 2023
Teen Aetion Annual Report 3ndAccounts 2022-23
Contents
Opening Statement
Mission, Objects and Aims
Achievements
Charitable Activities
Values & Quality
Partners
New Developments
Governance Report
8-12
13
14
15
16
Financial Review
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Accounts
Legal & Administrative Details
17
18
19
19
20-24
24
Chair's
Statement
In a fairsocietyall shouldbeabletoaccess positiveopportunities,
but for some. inequality means that certain opportunities are
locked away or inaccessible.
As an organisation led by and for minoritized young women, for
us, high quality youth work primarily means person-centred work
which addresses the individual needs of the young women we're
supporting rather than providing generic youth work which may
be inaccessible or wholly inappropriate to addressing unique
challenges, such as religious needs, early onset adulthood, poor
socio-e¢onomi¢ standings, and unique familial Circumstances.
We are laserfocussed on unlocking opportunitiesforyoung women,
and ensuring the longevity of our engagement through creating a
lasting impact with the development of transferable skills.
During the year, we were privileged to support 261 young women
on their individual journeys to personal development, adulthood,
employment, and independent living. The Trustees were mindful of
the wider economic, social and environmental challenges, providing
emergency relief where needed, but most importantly continuing
to challenge the status quo - developing our holistic offer and the
charity's general capacity, infrastructure, and quality.
The Trustees are pleased to present'unlocking Opportunities,; our
annual report for 2022-23. With much appreciation to our staff,
volunteers, partners, and supporters for the key roles you've played.
Mrs Yocheved Austerlitz
Chairperson
Teen Aetion Annual Report andAccounts 2022-23
00
The Gold QM lQuality Markl is about showing that you are a
real centre of excellence in the youth sector... What is really
clear is your focus on true meaningful youth involvement in
your organisation.
.* We were also impressed with your leadership and
governance, with strong financial reporting, risk
managemenL and funding.
Hayley Gleeson
99
Youth Sector Development Manager
London Youth
Teen Aetion Annual Report andAccounts 2022-23
## **Mission** ~~**Statement**~~
## **Charitable Objectives**
## **Strategic Aims**
RECREATION
EDUCATION
ARTS
CAREER SUPPORT HEALTHIWELLBEING
OVERVIEW
86 159 119 100 93
beneficiaries
beneficiaries
beneficiaries
beneficiaries
beneficiaries
11 6
retreats
training programs
art provisions
career support
initiatives
healthlwellbeing
provisions
149 1023 336 276 5072291
hours of delivery
hours of delivery
hours of delivery
hours of delivery
hours of delivery
9,. 36.. 12% 13% 27% 970/
of budget
of budget
of budget
of budget
of budget
Recreation
Recreation is the ideal way to support the emotional and
social well-being of young people. Through recreation,
people have new experiences, engage more fully in
living, and develop key life skills.
We unlock opportunities for inner-city young women to
access the countryside and engage in outdoor learning.
Our bi-annual residentials provide a unique opportunity
for youth leadership, with participants managing the
programs, workshops, food and itineraries.
Key Components
3 Residentials
1 day trip
86 young women engaged
This was my first experience away
rom
ome, an
my best experience yet! l enjoyed the challenge, the
company, and the amazing scenery. I have learnt so
much in just 66 hours. its truly amazing.
Youth leadership opportunities
Youth-led workshops
Developing skills whilst having fun
99
Increased independence, confidence, teamwork,
respite, and life skills
Chaya K.
Beneficiary 2022
Teen Aetion Annual Report andAccounts 2022-23
Education
Key Programs
A well rounded education is essential when moving on
in life and accessing employment. Education informs our
learning, knowledge and skill and is the foundation for
progression.
PC Powered
IT literacy training programs designed to challenge digital
exclusion, support young women into higher-grade employment,
and increase societal inclusionlfunction, We delivered Beginners
PC, Touch typing. Computer Graphics, Digital Illustration, and ITQ
Level 2 & 3 CertificatelDiploma.
This is a central focus of our work, up-skilling young
women and providing them with quality training and
support at a core arid advanced level.
11 unique programs,. 4 streams
Gateways
The Gateways program is an evening study program for young
adults with low-level qualifications seeking additional training
towards employment. We delivered 2 accredited Level 3 programs,
in ¢omputerisèd accounting and financial management, as Chosen
by young women.
159 beneficiaries
197 certificates achieved
AQA Unit Award Scheme,.
recognition for bite-size
learning/skills
Champion Club
Our Champion Club provision supports learners who haven't
achieved a minimum pass grade on core GCSES to access further
education, through mentoring support for resits andlor the
achievement of a functional skills qLbalification.
Accredited. vocational, and
informal learning
Post-program mentoring and
signposting support
Get Set Go
Our multi-dimensional Independent Living Program IILPI for
disadvantage adolescents, providing them with the foundation
knowledge and skills to make healthy & stable choices when
moving to independent living, making them more resilient and
independent. Through a series of informative sessions, hands
on workshops, and post-program mentoring support, we
empower young adults by developing their financial literacy, home
management skills, civic responsibility, and societal inclusion.
Recognising the global shift to digital, we will be
expanding our IT literacy training to include digital
literacy and E-safety for young women. This will
be done in conjunction with TAG (Technology
Awareness Group) and Ofcom's Making Sense of
Media resources and platform.
What's
Next?
Teen Aetioft Annual Report andAceounts 2022-23
Arts
66
Joining the photography program was life changing for
me. I learnt a new skill, made new friends, developed a
new passion, and was able to express myself creatively
without any limitations.
Beyond formal education, there are a wealth of skills,
artistic media, and vocational crafts which develop
creativity, fine hand skills, confidence, expression, and
alternative avenues to employment.
Our Artwaves program encompasses a selection of art
provisions, chosen by young women, and designed to
develop creativity, problem solving, team-working, and
expression through a variety of mediums. Delivered
by freelance artists in blocks of16 sessions, it unlocks
opportunities for marginalised young women to access arts.
99
ll::I
Summ•rearnp
We'll be providing employment opportunities
for alumnae of our arts provision at our Creative
Break summer scheme. They will replace the
freelance artists we've used to date, reducing
costs, empowering young women, and
providing relevant employment opportunities.
We'll be embedding Essential Skills recognition,
measurement and progression across our
arts provision, with the intent to scale this to
encompass all our delivery. This will be done in
line with the Universal Skills Builder Framework,
as members oftheir Impact Academy.
What's
Next?
What's
Next?
Teen Aetioft Annual Report andAceounts 2022-23
io
Career Support
Perhaps the biggest milestone a young person faces
is the transition from education to employment. Some
are fortunate to have a well charted path and many
accessible job opportunities, whilst others struggle to
secure employrnent, with Ihe prospect of unemployment
looming.
Key Programs
Get a Job
We deliver the comprehensive Goldstar Employability & Soft Skills
Program, designed to support minoritised young women into the
workforce, taking into account culture and gender-specific needs.
We support underprivileged young women experiencing
systemic inequality, to enler and/or progress in
employment through career guidance, work placements,
Imenloring and in-employment peer-support and learning.
Work & Volunteer Placements
We partner with local schools, design agencies, charities,
and accountants to provide young wornen with suitable work
placements andlor volunteering opportunities.
4 streams,. Career guidance,
mentoring, work placemenls, in-
employmenl 5UPPOrt
Mentoring - Career guidance
Young women are able to a¢¢es$ 1..1 sessions with our youth
worker to discuss individual qualities, challenges, goals, and
aspirations; setting SMART targets and creating their vèry own
action plan with appropriate referrals to further traininglsupport.
100 beneficiaries
99% employment success rate
Co-ordinated 86 work
placements with 11 employers,
and supported 24 YP to access
volunteering opportunities
New Employee Network {NEN)
Conventionally career guidance has focused on employment entry,
yet if young women are to sustain employment & progress, they
need in-work support. NEN, launched in 2022, welcomes young
women in their first year of eTnployment, offering monthly in-work
training opportunities and moderated peer support.
Spring Employment Seminar
Funded by The City Bridge Foundation, as part of
London's Propel collaboration, we'll be exploring
the multiple barriers to higher-grade employment
for minoritised young women and how systemic
inequality influences this, This will shape our
response and intervention going forward.
With more than 80% of local businesses owned
by men, we wish to empower young women to
launch their own enterprises through a business
start-uplcoaching program, addressing gender-
inequality and providing flexibility around the
commitments of raising a family.
What's
Next?
What's
Next?
Teen Aetioft Annual Report andAceounts 2022-23
Health & Wellbeing
Key Programs
Social Talk-shop
Our Social Talk-shop program is our earliest foray into mental
health & wellbeing support, introduced in 2016. It is a weekly,
informal personal development and peer-support group session,
designed to provide a platform to explore effective communication,
innate health & wellbeing, self-image, and self-introspection.
Physical and mental health is of paramount importance,
and the foundations upon which we can exist, grow and
reach higher.
We recognise the critical part health & wellbeing plays in
a young person's development, opportunities, and future,.
and are committed to embed this as a core part of our
holistic delivery. We focus on physical health, personal
developmgnt, peer-support, and counseling to achieve this.
Psychotherapy
Launched in 2020, in response to the Pandemic's detrimental
effect on mental health, we've been offering counseling to young
women who often can't access mainstream mental health services
due to cultural needs and general mistrust.
6 unique programs,. 4 streams
Mentoring for Mental Health (MMH)
The 9-month program was piloted in Conjunction with Happy Kids,
as part ofthe City & Hackney Wellbeing Network, as a means to
address mild-moderate mental health concerns in children and
young people through the development of social skills, which often
underpins wellbeing. 17 young women signed up for a specialised
social skills training program, mentoring children in need in a
supervised environment, and acting as ambassadors for social
skills as a core foundation for mental health.
93 beneficiaries
Emergency food provision
New social skills training &
mentoring program piloted
ig5 part of the City & Hackney
Wellbeing Network, in
conjunction with Happy Kids.
•••
Sport
We upheld the delivery of weekly female aerobics sessions,
f¢xusing on strengthening the core, and addressing high levels
of inactivity in our community. We also provided a 12-week netball
program during the summer months, much enjoyed by participants.
Improved confidence, self-image,
w¢.IIL)L'ing, and general heallh,
Following the success of our Mentoring for Mental
Heatth pilot, we will be looking to consolidate the
program - refining the training program, bringing
on board additional delivery partners, providing
progression opportunities for traineeslmentors,
and sourcing sustainable funding.
What's
Next?
Emergency food provision
In response to growir)g levels of community food poverty, young
women, participants on our confectionery and food & nutrition
programmes, stepped up as change-makers,. cooking & hosting
community dinners for children in need.
Teen Aetioft Annual Report andAccounts 2022-23
12
Inclusion
Our Commitment to
Quality Youth Work
We believe that ethnicity, background, ability
8nd socio-economic factors should not dictate a
young person's future. Our young people will enjoy
similar opportunities as their peers in a culturally
appropriate and inclusive manner.
We are committed to the delivery of qualityyouth work and
maintaining the engagement and involvement ofyoung stakeholders,
Youth Leadership & Involvemenl
We have an elected Youth Advisory Group IYAGI
who work alongside Trustees to chart the direction of
the charity. They are chosen annually by their peers
at a vote held in July and meet formally six times a
year. Young people are also actively engaged in the
planning, delivery and evaluation of programmes and
have opportunities for youth leadership/volunteering.
Involvement
Young people are at the very heart of Teen Action.
We encourage participation right from the top,
through our Youth Advisory Group, down to the
every-day delivery of provisions with young people
involved in design, delivery and evaluation of
programs,
Independence
Safeguardlng
We have robust Safeguarding and Child Protection
procedures, led by our Designated Safeguarding
Officer and regulated by our Responsible Officer, with
the safety of our beneficiaries of prime importance.
We have a framework of consents, controls, policies
and reviews to mitigate risks. These are supported
by our Health & Safety, Safer Recruitment, Whistle-
blowing and Anti-bullying policies.
London
Youth
Our programs are designed to accomplish more
than just short term change. Our holistic support
is ultimately designed to ensure our young women
become self-sufficient, contributing members of
society 8t this transitional period to adulthood,
employment and independent living.
QIIALITY MAPK
2022.25
Innovation
A¢colades and Awards
We're holders of the London Youth Gold Quality
Mark, a programme accredited by City & Guilds and
a mark of excellence for quality youth provisions.
We're also recipients of the London Faith & Belief
Community Awards 2020 under the'supporting
women, category, and the 2023 Acquisition
nii-l'i'nfii
International Non-Profit awards, Best Holistic Youth Cli.:.:,,,,:.
Sector Support Charity 2023 - London"
We realise that what worked a few years ago
may no longer be effective. We are committed to
change with the times and ensure our provision
is responsive. We do this by actively listening to
beneficiaries and embedding awareness of the
constantly changing social, economical, political
and health environment,
Teen Aetion Annual Report andAccounts 2022-23
13
## **Our Partners & Networks**
**Referral partners**
## **Networks**
## **Delivery Partners**
## **Funders**
New Developments
Increased partnership working
In order to enhance our offer, we are actively developing
partnerships with other local services so that we can collaborate,
share resources, address cross-community needs, and increase
impact.
During the year in review, we maintained existing partnerships and
developed some new key networks. We worked in partnership with
Happy Kids and the City and Hackney Wellbeing Network to deliver
our Mentoring for Mental Health Program (Page 12).
We also joined a consortia of local organisations addressing
poverty, allowing us to provide a more comprehensive offer, and
post-program progression for young women accessing our career
support, including strategic volunteer placements at Sunbeams, and
further money advice from Mesila UK and AICS.
Maintained and Increased delivery
We were able to maintain and increase delivery reaching 261
individuals12022.. 2351, despite the financial and global challenges.
Most notably we launched our in-employment support (New
Employee Network, Page 91, and piloted our Social Skills training
and mentoring provision (Mentoring for Mental Health, Page 121
responding to the mental health and employment crisis,
Responded to the Cost of Living Crisis
Recognising the increased financial constraints on local households,
especially those already experiencing poverty, we consulted with
young people to see how we can support them during this time, and
adapted provisions accordingly, primarily..
lal Engaging young women on our Confectionery and Food &
Nutrition programs to prepare and host community dinners for
young people in our networks, relieving food poverty and giving our
beneficiaries 8 chance to be change-makers and actively contribute
to alleviating the challenges of others.
Ibl Refocusing our Get Set Go, independent living and financial
capability program, to support young women with effectively
managing hoLJsehold expenses and budgeting during a time of
economic crisis, as well as signposting to available support across
our network of partner organisations, mosl notably Mesila UK,.
Icl Continuously ensuring that our provisions are at no cost to
users, allowing those at the margins of society to engage in positive
opportunities and high-quality youth work such as training, arts
engagement, outdoor learning, and mentoring support.
Renewed London Youth Gold Quallty Mark
We renewed our London Youth Gold Quality Mark, a programme
accredited by City and Guilds. This allowed us to review the quality
of provisions, the charity governance & infrastructure, our impact,
and youth leadership opportunities. We are proud to maintain the
highest levels of quality youth work,
Secured renlal premlsos
After close to 2 decades of operating out-of-hours in hired spaces,
've finally secured a lease on suttable premises, based in the heart
of our community, and a space that young women can tske ownership
of. and where we can continue to grow our provision with the flexibility
it allows The Trustees are excited with the opportunities this presents
and the sustainabilty provided. Trustees have set aside a £50,000
designated fund for capital works, which commenced in February
2023, and will be further expanded on next year.
Teen Aetion Annual Report andAccounts 2022-23
15
fraud. Both manual and automated checks are regularly invoked,
particularly those relating to the operations & finance of the charity,
The Trustees are satisfied that these systems and procedures
mitigate the potential effects of any perceived risks.
Structure.
Governance &
Management
The Trustees who served during the year and up to the date of
signature of the financial statement5 were,,
Mrs. Yocheved Austerlitz (Chairl, Mr, Abraham Fried (Treasurer),
Mrs. Faigy Taub, Mrs. Sarah Bard, Mrs. Goldy Rosenberg.
Public Benefit
The trustees confirm their compliance with the duty to have due
regard to the public benefit guidance published by the Charity
Commission as well as the Equalities Act 2010 when reviewing the
Charity's aims and objectives and in planning future activities.
Structure, Governance and Management
The charity is governed by a trust deed dated 1 July 2006.
The charity is managed by the Trustees, who meet 5 times a year,
supported by our annually elected Youth Advisory Group {YAG).
Day-to-day operations are overseen by the CEO, who line manages
staff and volunteers. During the year, the charity employed 6 staff,
20 sessionallfreelance workers and 9 volunteers to deliver our
charitable work.
06
The committee was really impressed with the many
ways in which Teen Action has grown and developed
over the last few years.. It's brilliant too that you're
moving into areas where you're able to see a wider
ripple effect from your work, as well as the direct
impact you've long had in the lives of young women.
Jennifer Oatley
Recruitment. Induction and Training
It is not the intention of the Trustees of the charity to appoint any
new trustees in the near future. Should the situation change, the
Trustees will apply suitable recruitment and induction procedures.
Existing Trustees were provided with relevant training.
Risk management
The Trustees have identified and reviewed the major risks to which
the charity is exposed,. in particular sustainability, safeguarding and
Teen Aetioft Annual Report andAccounts 2022-23
99
Grant Manager, Tudor Trust
16
Financial Review
Reserves Policy
The Trustees aim to hold the equivalent of a minimum of 3, and a
maximum of 6 months, running costs in free reserves at all times,.
barring extenuating circumstances. Atthe close ofthe financial year,
Teen Action held £66,127 in free reserves, equivalent to just below 3
months running costs.There was also £50,000 in a designated fund,
setaside for refurbishmentworksatour new premises.TheTrustees
are satisfied with the level of reserves held, even though it did not
reach the required minimum of 3 months, as funds were drawn for
our designated capital works fund, an extenuating circumstance for
which this was justified.
The Trustees present their report and financial statements for the
year ended 31 January 2023.
The financial statements have been prepared in accordance wtth
the accounting policies set out in note 1 to the financial statements
and comply with the Charity's governing document, the Charities
Act 2011 and "Accounting and Reporting by Charities., Statement of
Recommended Practice applicableto charities preparing theiraccounts
in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland (FRS 1021" (effective 1 January 2019),
Financial Review
The Trustees are happy to report that the charity had SLrflicient income
of £337,28812022', £285,823} to cover its charitable expenditure fully.
Se¢uring funding in the current diflicutt financial climate has continued
being challenging and the Trustees gratefully acknowledge that the
outstanding impact and achievement of the organisation are largely
due to the generous support ofour community and generousfunders
(see page 141.
The Trustees. report was approved by the Board of Trustees on
Mrs. Yo¢heved Austerlitz, Trustee - Chairperson
Dated:.,
?I"NOv 2023"
Expenditure by"Cosi cent. and Class
Cost-centred Budget
The Trustees recognise the importance of transparency to our donors,
supporters, stakeholders and the public, and have therefore moved
to a cost-centred budget, which provides a clearer picture of how we
have spent funds in accordance with our charitable objectives and
Strategic aim5. It is important to note that due to the holistic nature of
our work, many provisions cross-cut our strategic aims, and therefore
the incomelexpenses of one particular program may be split across 2
or more of our'cost centres" as appropriate,
Support and governance costs are allocated between all the charitable
activities as per the total direct expenses of each cost-centre. This
provides a better understanding of the full costs associated with the
delivery of each of our strategic aims and allows for better financial
planning and full cost-recovery budgeting.
•FufvJrayD8 •E4knation •Aif5 llC4reerSupptyi llHe3llh &WellWn8
•proRct Exr*nses • SykwtC05ts
Teen Aetion Annual Report andAccounts 2022-23
17
Independent
Examiner's Report
Accounting Practice effective for reporting periods beginning on or
after 1 January 2015.
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..
accounting records were not kept in respect of the Charity
as required by section 130 of the 2011 Act; or
the financial statements do not accord with those records,.
I report to theTrustees on myexamination ofthefinancial statements
ofTeen Action (the Charity) for the year ended 31 January 2023.
Responsibilities and basis ol report
As the Trustees ofthe Charity you are responsible forthe preparation
of the financial statements in accordance with the requirements of
the Charities Act 2011 {the 2011 Act),
or
the financial statements do not comply with the applicable
requirements concerning the form and content of accounts set
out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a true and fair
view which is not a matter considered as part of an independent
examination.
report in respect of my examination of the Charity's financial
statements carried out under section 145 of the 2011 Act. In carrying
out my examination I have followed all the applicable Directions
given by the Charity Commission under section 145{5)Ib) of the
2011 Act,
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.
Independenl examiner's statement
Since the Charity's gross income exceeded £250,000 yourexaminer
must be a member of a body listed in section 145 of the 2011 Act. I
confirm that l arn qualified to undertake the examination because I
am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared
financial statements in accordance with Accounting and Reporting
by Charities preparing their accounts in accordance with Ihe
Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 in preference to the Accounting and Reporting by
Charities.. Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has now
been withdrawn.
Berish Hoffman FCA
Landau Morley LLP
325-327 Oldfield Lane North
Greenford
Middlesex
UB6 OFX
Dated..
21 Nov 2023
l understand thatthis has been done in orderforfinancial ststements
to provideatrueandfairviewinaccordancewithGenerallyAccepted
Teen Aetion Annual Report andAccounts 2022-23
18
## **Statement Of Financial Activities**
|**Unr**
**Notes**
**Income and endowments from:**|**estricted**
**R**
**funds**
**2023**
**£**
37,730
100
2,000
6,000
3,501
3,500
2,374
55,205
852
167
1,737
3,956
5,450
7,524
18,834
19,686
35,519
84,902
120,421|**estricted**
**funds**
**2023**
**£**
40,545
17,262
34,689
114,319
58,005
17,263
-
282,083
8,210
33,993
34,294
93,268
67,522
16,681
245,758
253,968
28,115
72,490
100,605|**Total**
**Unr**
**2023**
**£**
78,275
17,362
36,689
120,319
61,506
20,763
2,374
337,288
9,062
34,160
36,031
97,224
72,972
24,205
264,592
273,654
63,634
157,392
221,026|**estricted**
**R**
**funds**
**2022**
**£**
55,336
-
3,597
2,897
10,482
30,908
7,571
110,791
1,504
6,514
3,512
7,485
5,127
39,992
62,630
64,134
46,657
38,245
84,902|**estricted**
**funds**
**2022**
**£**
9,004
38,050
20,262
60,125
40,820
6,771
-
175,032
7,500
26,601
19,265
61,919
50,434
12,213
170,432
177,932
(2,900)
75,390
72,490|**Total**
**2022**
**£**
64,340
38,050
23,859
63,022
51,302
37,679
7,571|
|---|---|---|---|---|---|---|
|Donations and
legacies
**3**
Charitable activities
Art
**4**
Career support
**4**
Education
**4**
Health & wellness
**4**
Recreation
**4**
Government scheme
**5**
**Total income**
**Expenditure on:**
Raising funds
**6**
Charitable activities
Art
**7**
Career support
**7**
Education
**7**
Health & Wellness
**7**
Recreation
**7**
**Total charitable**
**expenditure**
**Total expenditure**
**Net income for the year/**
**Net movement in funds**
Fund balances at 1
February 2022
**Fund balances at 31**
**January 2023**|||||||
|||||||285,823|
|||||||9,004|
|||||||33,115
22,777
69,404
55,561
52,205|
|||||||233,062|
|||||||242,066|
|||||||43,757
113,635|
|||||||157,392|
## **Balance Sheet**
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**14**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**15**
**Net assets**
**Income funds**
Restricted funds
**16**
Unrestricted funds
Designated funds
**17**
General unrestricted funds|**£**
37,500
220,065
257,565
(38,951)
50,000
70,421|**£**
21,561
218,614
240,175
(19,149)
221,026
100,605
120,421
221,026|**£**
37,500
141,407
178,907
(23,561)
-
84,902|**£**
28,750
155,346|
|---|---|---|---|---|
|||||184,096
(26,704)|
|||||157,392|
|||||72,490
84,902|
|||||157,392|
The notes on pages 20 to 25 form part of these financial statements.
The financial statements were approved by the Trustees on .........................
.............................. Mrs. Yocheved Austerlitz **Trustee**
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 20 to 25 form part of these financial statements.
## **Notes to Financial Statements**
## **1 Accounting policies**
## **Charity information**
Teen Action is a charity constituted and governed by a Trust Deed dated 1 July 2006. The charity is managed and controlled by the trustees, who meet regularly.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The Charity is a Public Benefit Entity as defined by FRS 102.
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:
Computer equipment 25% reducing balance Fixtures and fittings 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.
- **1.7 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).
- **1.8 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.
- **1.9 Financial instruments**
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
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 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**_
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 obligation 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.
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.
## **1.10 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.
## **1.11 Government grants**
Government grants are credited to the Statement of financial activities when there is evidence of entitlement to the grant, receipt is probable and its amount can be measured reliably.
## **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**
**Total**
Unrestricted
Res
**funds**
**funds**
funds
**2023**
**2023**
**2023**
2022
**£**
**£**
**£**
£
Donations and gifts
37,730
34,545
72,275
55,336
Other grants receivable
-
6,000
6,000
-
37,730
40,545
78,275
55,336
**Charitable activities**
**Art**
**Career support**
**Education**
**Health &**
**wellness**
**R**
**2023**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
Income from charitable activities by
activity
17,362
36,689
120,319
61,506
Analysis by fund
Unrestricted funds
100
2,000
6,000
3,501
Restricted funds
17,262
34,689
114,319
58,005
17,362
36,689
120,319
61,506|tricted
funds
2022
£
-
9,004
9,004
**ecreation**
**2023**
**£**
20,763
3,500
17,263
20,763|Total
2022
£
55,336
9,004
64,340
**Total**
**2023**
**£**
256,639|
|---|---|---|
|||15,101
241,538|
|||256,639|
## **4 Charitable activities**
## **For the year ended 31 January 2022**
|ncome from charitable
activities by activity
Analysis by fund
Unrestricted funds
Restricted funds|**ArtCare**
**£**
38,050
-
38,050
38,050|**er support**
**£**
23,859
3,597
20,262
23,859|**Education**
**£**
63,022
2,897
60,125
63,022|**Health &**
**wellness**
**R**
**£**
51,302
10,482
40,820
51,302|**ecreation**
**£**
37,679
30,908
6,771
37,679|**Total**
**2022**
**£**
213,912|
|---|---|---|---|---|---|---|
|||||||47,884
166,028|
|||||||213,912|
## **5 Government scheme**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2023**|2022|
||**£**|£|
|Government kickstart scheme|2,374|7,571|
## **6 Raising funds**
|**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**|
|---|---|---|---|---|---|
|**funds**|**funds**||**funds**|**funds**||
|**2023**|**2023**|**2023**|**2022**|**2022**|**2022**|
|**£**|**£**|**£**|**£**|**£**|**£**|
**7 Charitable activities**
## **7 Charitable activities**
**(Continued)**
||**Art**|**Career support**|**Education**|**Health & Wellness**|**Recreation**|**Total**|
|---|---|---|---|---|---|---|
|||||||**2023**|
||**2023**|**2023**|**2023**|**2023**|**2023**||
|**Direct**|**£**|**£**|**£**|**£**|**£**|**£**|
|**project**|||||||
|**costs**|||||||
## **For the year ended 31 January 2022**
**----- Start of picture text -----**
Art Career Education Health & Recreation Total
Direct £ £ £ £ £ £ support Wellness 2022
project costs £ £ £ £ £ £
Analysis by fund
Analysis
by fund
**----- End of picture text -----**
**8 Support costs**
## **11 Taxation**
|Staff costs
Trainings & Workshops
Professional fees
Subscriptions
Office costs
Maintenance & Repairs
Publicity
Rent
Interest
Travel
Accountancy fees
Analysed between
Charitable activities|**Support**
**costs**
**Gov**
**£**
3,768
511
1,448
335
967
230
731
4,658
711
68
-
13,427
13,427|**ernance**
**costs**
**£**
500
-
-
-
-
-
-
-
-
-
3,900
4,400
4,400|**2023**Support costs Go
**£**
£
4,268
4,157
511
730
1,448
276
335
309
967
52
230
-
731
30
4,658
2,755
711
417
68
-
3,900
-
17,827
8,726
17,827
8,726|vernance
costs
£
-
-
-
-
-
-
-
-
-
-
2,591
2,591
2,591|2022
£
4,157
730
276
309
52
-
30
2,755
417
-
2,591|
|---|---|---|---|---|---|
||||||11,317|
||||||11,317|
## **9 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration, benefits or reimbursement of expenses from the Charity during the year. (2022 - £NIL)
## **10 Employees**
The average monthly number of employees during the year was:
|The average monthly number of employees during the year was:|||
|---|---|---|
|Part time staff
**Employment costs**
Wages and salaries|**2023**
**Number**
26
**2023**
**£**
152,510|**2022**
**Number**
23|
|||**2022**
**£**
135,960|
Staff costs include amounts paid to senior management personnel comprising the CEO. The total employee benefits of the key management personnel were £24,990.
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **12 Tangible fixed assets**
|**12**|**Tangible fixed assets**|||||
|---|---|---|---|---|---|
|||**Computer**||**Fixtures and**|**Total**|
|||**equipment**||**fittings**||
||||**£**|**£**|**£**|
||**Cost**|||||
||At 1 February 2022|59,710||37,340|97,050|
||At 31 January 2023|59,710||37,340|97,050|
||**Depreciation and impairment**|||||
||At 1 February 2022|34,855||33,447|68,302|
||Depreciation charged in the year||6,214|973|7,187|
||At 31 January 2023|41,069||34,420|75,489|
||**Carrying amount**|||||
||At 31 January 2023|18,641||2,920|21,561|
||At 31 January 2022|24,857||3,893|28,750|
|**13**|**Debtors**|||||
|||||**2023**|**2022**|
||**Amounts falling due within one year:**|||**£**|**£**|
||Other debtors|||37,500|37,500|
|**14**|**Creditors: amounts falling due within one year**|||||
|||||**2023**|**2022**|
|||**Notes**||**£**|**£**|
||Bank loans|||7,501|7,219|
||Trade creditors|||28,325|13,217|
||Other creditors|||1,125|1,125|
||Accruals and deferred income|||2,000|2,000|
|||||38,951|23,561|
|**15**|**Creditors: amounts falling due after more than one year**|||||
|||||**2023**|**2022**|
|||**Notes**||**£**|**£**|
||Bank loans|||19,149|26,704|
There were no employees whose annual remuneration was more than £60,000.
**16 Restricted funds**
|**Balance at**
**1 February**|**Movement**
**Income**|**in funds**
**Expenditure**|**Balance at**
**1 February**|**Movement**
**Income**|**in funds**
**Expenditure**|**Balance at**
**31 January**|
|---|---|---|---|---|---|---|
|**2021**|||**2022**|||**2023**|
|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
## **17 Designated funds**
|**Movement**||||
|---|---|---|---|
|**in funds**||||
|**Income**|**Balance at**|**Transfers**|**Balance at**|
||**1 February**||**31 January**|
||**2022**||**2023**|
|**£**|**£**|**£**|**£**|
|**18**|**Analysis of net assets between funds**||||||
|---|---|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total **|**Unrestricted**|**Restricted**|**Total**|
||**fund**|**funds**||**fund**|**funds**||
||**2023**|**2023**|**2023**|**2022**|**2022**|**2022**|
||**£**|**£**|**£**|**£**|**£**|**£**|
## **Legal& Administrative Details**
**19 Related party transactions**
Teen Action have been part ofour commissioned consortia
for a number of years. They are a well-respected and popular
organisation within the community and have proved their
ability to deliver high-quality provision with good outcomes
for young people.
99
Michele Luknar
Partnerships Manager
The Interlink Foundation
25