Cornpany registration number- 06228171
Chèrrty re8iStrètion number: 1121717
Southside Young Leaders Academy
IA company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 30 April 2022
HFL Accountants Limited
Chartered Certified Accountants
HFL House
Saxon Way
Melboufn
Cambridgeshire
SG8 60N
•￿vz76)E*
25101r2023
COMPANIES HCAJSE
A13
#124 .

Southslde Young Leaders Academy
Contents
Reference and Administrative Details
Trustees, Report
2to7
Independent Examiner's Report
Statement of Financial Activities
9tolO
Balance Sheet
li
Note5 to the Financial Statements
12to20

Southside Young Leaders Academy
Report of the Trustees for the year ended 30 Aprll 2022
The trustees who are a150 dirertors of the charity for the purposes of the Companies Act 2￿6. present
their report with the financial statement5 of the tharity for the year ended 30 April 2022. The trustees
have adopted the provisions of the Statement of Recommended Practice ISORPI Accounting and
Reporting by Charities. issued in March 2005.
REFERENCE AND ADMINISTrATIVE DETAILS
Registered Company number
06228171 (England and Walesl
Registered Charity number
1121717
Registered Office..
Ark Academy Walworth
Shorncliffe Road
London
SEI 5UJ
TRUSTEES:
Winston Davis
Annem3rieke Murthi
Veronica de Schot
Ofei Kwafo-Akoto
Max Woodbridge
Shaida Kwapong
Samuel Osei-sarkodie
Caren Onanda
Ikenna Andrew Acholonu
Esme Shirley Berrington
Jason Obahiagbon
David Rowe-Francis
Alan McDougall
Claire Martin
Chairperson (appointed Chair in July 20201
Treasurer Iresigned September 2021)
Treasurer (appointed July 20211
Secretary lappointed April 2019, resigned March 20221
Secretary lappointed July 2021, secretary March 20221
Appointed February 2020
Appointed February 2020
Appointed August 2020
Appointed July 2021
Appointed July 2021
Appointed July 2021
Resigned July 2021
Resigned July 2021
Resigned July 2021
INDEPENDENT EXAMINER
HFL Accountants
HFL House,
I Saxon Way,
Melbourn,
Royston
SG8 6DN
BANK
Lloyds Bank PIC
Canary Wharf Branch
Unit 3 Park Pavilion
40 Canada Square
Canary Wharf
London
E14 5FW
EXECLITIVE LEADERSHIP:
Charlotte Prendergast
CEO {January 20221
Page I

Southside Young Leadets Academy
Report of the Tru5tee5 for the year ended 30 April 2022
STRucfuRE. GOVERNANCE AND MANAGEMENT
GOVERNING DOCUMENT
The charity is controlled by its Eoverning document, a deed of trust, and constitutes a limited
company, limited by guarantee, as defined by the Companies Act 2006.
The organisation is a charitable company limited by guarantee, incorporated on 26th April 2th)7
and registered as a charity on 28th November 2LK)7. The company was established under a
Memorandum of Association which established the objects and polvers of the charitable
company and is governed under its Articles of Association. In the event of the company being
wound up every member of the charity undertakes to contribute such amount as may be
required (not exceeding £1) and subject to any such resolution by the members, the Directors
of the Charity may resolve that any net assets of the charity after all its debts and liabilities have
been paid shall be applied or transferred in any of the following ways=
lal directly for the Objects: or
Ibl by transfer to any other Charity or Charities for purposes similar to the Objects: or
Icl to any Charity for use for particular purpose that fall within the objects.
RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES
Potential trustees are recruited by advertising through various channels including online
recruitment platforms and word of mouth recommendations. Candidates are interviewed by
the Chair and the Secretary and they are asked to provide two referees and subject to
safeguarding checks. If formally approved by the other Board members, they will be invited to
become Trustees.
ORGANISATIONAL STRucfuRE
The Southside Young Leaders Academy ISYLA) has a Board of Trustees who meet every 12 weeks
and who are responsible for the strategic direction and policy of the charity. At the balance
sheet date. the trustees consisted of nine members from a variety of professional background5
relevant to the work of the charity. The board welcomed a number of new trustees over the
period, which included a new Treasurer and Company Secretary.
Members of the Board of Trustees, who are directors for the purpose of company law and
trustees for the purpose of charity law, who sep4ed during the year12021-221 and up to the date
of this report are set out on page l.
SYLA recruited a new full-time Chief Executive, Chadotte Prendergast, in January 2022.
Charlotte attends the quarterly board meetings to provide operational updates. though she has
no voting rights. She also attends the Finance and the Fundraising Sub-committees which are
chaired by trustees. and has acted as interim Chair of the Prograrnme Sub-committee (which
has since been assumed by a trustee after the 30th April 20221.
Pa8e 2

Southside Young Leaders A¢ademy
Report of the Trustees for the year ended 30 April 2022
RISK MANAGEMENT
The trustees have a duty to identify and review the risks to which the charity is exposed and to
ensure appropriate controls are in place to provide reasonable assurance against fraud and
error.
The Board has a formal, written policy of internal financial control procedures which will
continue to be monitored and updated to cover new risk areas as and when they are identified.
Safeguarding the boys remains an utmost priority.
OBJECTIVES AND AIMS
The mission of SYLA is to nurture. develop, maximise and release the leadership potential of
young men from the African and Afro-caribbean community from disadvantaged backgrounds.
especially those at risk of exclusion from school. empowerin8 them to become p051tive active
citizens and a new generation of business and community leaders.
SYLA'S CORE VALUES ARE:
Excellence & Aspiration
Team Work & Sep4ice
Evidence-Based Practice & Learning
Transparency & Accountability
STRATEGIC OBJEcnvES
To support each boy, through needs assessment and activities ￿levant to their
transitional stages (such as counselling and mentoring and enhancement of the educational and
leadership programmes). to identify and achieve their development Boals. and develop as a
young leader:
To strengthen current and develop new partnerships with key stakeholders. agencies.
and experts, forming a support matrix that helps the boys attain their development goals-
To develop a knowledge base of what work5 in empowering boys to become youn8
leaders, to share good practice, and to identify and promote effertive education policies.
GUIDANCE ON PUBLIC BENEFIT
Trustees are aware of the Charity Commission guidance on this subject and confirm that they
will read the POF documents contained on the Commission's website.
Pa8e 3

Southside Young Leader5 Academy
Report of the Trustees for the year ended 30 April 2022
ACHIEVEMENT AND PERFORMANCE
OVERVIEW OF THE YEAR
During 2021122. SYLA began to build back from the pandemic which had significantly impacted
the boys and families we work with. Many of our boys had experienced isolation, had fallen
behind with their learning and were becoming increasingly at risk of educational and social
exclusion. Although we had been providing high-quality and accessible online services during
lockdowns. our boys were desperate to retum to in-person provision to re-engage in positive
artivities. regain their confidence. and reconnert with their peers and communities.
After a year of digital delivery. in July 2021. we transitioned to a blended service of digital and
in-person activities. Thiscoincided with ourmoveto Ark Walworth Academywhich is where our
office is now based. The move to the new accommodation has provided much needed learnin
and retreational space where our boys have a¢￿55 to state-of-the-art facilities which supports
their learnin& safety and wellbeing.
SYLA'S Se￿ICe5
Beneficia
numbers
In the year to April 2022, 50 8-l&year-old boys and their families benefited from SYLA'S services.
Thirty-three boys attended our Saturday Leadership Academy, and 17 boys were on our
boarding school pro8ramme in partnership with Royal National Children's Springboard
Foundation IRNCSFI. Thirty-seven place5 were filled across our three holiday programmes.
Leadershi
curriculum
In July 2021, we delivered a Leadership and Enterprise summer holiday programme in
partnership with Leap Confronting Conflict. This comprised 30 hours of in-per50n workshops
and a 3-day residential trip at Hindle3p Warren Outdoor Activty Centre in Buckinghamshire.
Twelve young people aged 13-16 participated in the course and were supported to engage in
activities that tested their abilities in conflict resolution, teamwork and leadership. The
pro8ramme provided a safe Space for our older boy5 during the school holidays, a time when
they are more vulnerable to gang a55OCiation and is013tion from their peers and social networks.
We successfully delivered a variety of busine55 enterprise and entrepreneurship programmes.
We continued to deliver our Young Enterprise programme. under the National Lottery Thriving
& Striving project. Our boy5 worked collaboratively to learn about the fundamentals of setting
up a business. securing funds from an investor. and designing and taking a product to market,
undertheguidance of è busine55 mentor. The groupgained business confidenceand knowledge
that will increase their employability and enterprise skills for the future.
Ten boys Participated in our 12-week online Young Entrepreneur course. delivered by David
Okoro. an entrepreneur and business owner. to gain insight into the skills. knowledge and
P48e 4

South5ide Young Leade￿ A￿defflY
Report of the T￿￿ee$ for the year ended 30 April 2022
characteristics needed to become an entrepreneur.
In partnership with Peabody, we supported our secondary cohort to participate in the Level 2
accredited Young Ambassador5 social action project. Exploring a practical form of leadership to
identify and address a challenge in their community. the boys planned a podcast series to raise
awareness to the issue of knife crime. They engaged community members, including a local
filmmaker who had recently produced a documentary about youth violence and a Lambeth-
based youth worker. who shared their in5ight5 on the causes and impact of knife crime on the
community.
After over a year of no sports provision owing to the pandemic, we reinstated our sports and
leadership programme, delivered by Elite Evolution. This has been a vital outlet for our boys who
had spent months homebound. often in overcrowded conditions with little or no outdoor space,
resulting in a decline in some boys. physical and rnental health. The sports sessions helped to
improve self-esteem, goal setting and leadership as well as rebuild bonds and connections that
were lost during the pandemic. Staff reported a po&tive change in the boys, behaviour and
engagement.
To 5UPF￿rt our boys. self-worth and identity, also provided African cultural studie5 and
Swahili language lessons, delivered by a volunteer graduate of the School of African and Oriental
Studies.
Academic Su
We continued our partnership with Team Up to provide weekly online academic tuition to
support 33 boys to develop confidence and capability in English. The small group sizes of up to
three boys per tutor enabled intensive tutoring, tailored to the learning need5 of each boy. Over
the course of the year, the boys became more confident in using new online learning tool5.
Towards the end of the programme, attendance and engagement began to decline. Our boys
fed back that they wanted to revert to in-per50n lessons for the following year because they
missed interactions with their tutors. We reviewed this with Team Up and will be moving our
programmes to irFperson delivery from September 2022.
This year. we tested delivering our Maths provision at the Saturday Academy. separating the
boys into two groups: Key Stage 2 and KS3 & 4, with one teacher per group. Engagement was
high as the boys enjoyed the in-person interartions with the teachers, however, learning
outcomes were inconsistent due to the mixing of ages and the demand on the teachers to teach
different key stage ¢urriculurn5. We reviewed the delivery model and will be making changes to
Maths tuition in 2022123.
Boardin
school bursaries
We continued to strengthen our ongoing partnership with RNCSF to offer our boy5 the
opportunity to experience a transformational educational experience at a boarding school on a
full bursary. We supported our boarders with termly school visits. one-to-one mentoring, access
to our leadership curriculum during exeat weekends. and places on our holiday programmes.
Page 5

Southslde Young Leaders Academy
Report of the Trustees for the year ended 30 April 2022
SYLA currently has a total of 17 boy5 at 11 boarding schools - an increase from 13 boys in the
previous year. We are in the process of supporting a further four applicants to gain bursaf ies for
boarding school place in the 2022123 academic year.
SYLA TEAM
In 2021. following the worst of the pandemic. we experienceil changes to our staff team. Our
core team did a commendable job of adapting to the changes and ensuring our services were
searnle551y delivered.
Our Senior Programme Manager showed huge commitment in overseeing the planning and
delivery of the leadership curriculum alongside coordinating our boarding school programme.
Our Administrative Assistant stepped up to brilliantly support our online delivery. provide
mentoring to our boarders, and act as our parent liaison to ensure parents were kept up to date
on their son's participation and progress.
Our board of trustees played an instrurnental role in supporting our back-end operations and
contributing to our fundraising efforts. Our recently appointed CEO has brought further stability
and leadership to the team.
Despite operating with a smaller staff team for much of 2021122, we were still able to
successfully deliver consistent, high-quality services in a safe and nurturing space that supported
our boys to aspire. grow and achieve.
As we plan to further develop our programmes and extend our reach to more boys in 2022123
and beyond. we also plan to increase our staff resources. We began a review ofthe roles needed
to support our growth. This work will continue into 2022123.
FIJTURE PLANS
We are excited to move into 2022123 under the leadership of our new CEO and a refreshed
board of trustees. SYLA is committed to remaining embedded in the communities we serve, to
provide continuing support to vulnerable black boys and their families. We know that the
pandemic has exacerbated existing racial, educational and economic inequalities which will take
time to rebalance. SYLA is well placed to help rebuild communitie5 and level the playing field by
supporting more black boys at risk of social and educational exclusion to thrive, make positive
life choices and become active citizens.
Summary of Aims and Objectives:
Strate
. - Set clearly defined goalsfor the growth and success of the chority.
Our CEO has begun work on our new strategy which will be completed and launched in 2022123.
Paee 6

5outh5ide Young Leaders Academy
Report of the Trustees for the year ended 30 April 2022
We will hold a Board strategy day at the start of 2022123 to h3rne55 new idea5 to help set out
our 5trate8ic vision for the next three years.
Services.. - Maximise opportunitiesfor our boys ond theirfamilies.
We will carry out a consultation with our key stskeholders to determine what our community
wants from SYLA services. We will review our partnerships to ensure that our services meet the
needs and interests of our boys. We will continue to develop our programmes in co-design with
our boys and parents.
Staff resources:_ Buildour stoff teom ond ensure policies andprocesses SUPPOrt recruitment ond
retention.
We will complete the review of our staffing strutture in line with SYLA'S services. We will review
pay. conditions. and continuous professional development and training opportunities for staff.
Governance: _ Ensure compliance with best practice in all areas of chority governonce.
We will focus on the skills of the Board and ensure that the Board provides effective leadership
in line with best practice. We will also review safeguarding training for Trustees.
Financial sustainabili
- Enstsre thefinonciol 5UStoinobility of the charity.
We will review the financial performance of the charity and improve financial contro15. Systems
and efficiency to manage costs.
The annual report was approved bythe trustees of the charityon 2310112023
and signed on it5 behalf by
Winston Davis
Chairman and trustee
Page 7

sO￿h5•de Young Leaders Academy
Independent Examiner's Report to the trustees of Southside Young Leaders Atademy
("the Company")
I report to the charity trustees on rny examination of the accounts of the Company for the year ended
30 April 2022.
Responsibilities and basis of report
As the charity's trustees of the Company land also its dirertors for the purposes of company lawl you
are ￿Sponsible for the preparation of the accounts in accordance with the requirements of the
Companies Ad 2￿61'the 2ts)6 Acl'l.
Having satisfied myself that the accounts of 5outhside Young Leaders Academy are not required to be
audited under Part 16 of the 2006 Act and are eligible for independent examinatKJn. I report in respect
of my examination of your charIt￿S accounts as carried out under section 145 of the Charities Act
20111'the 2011 Arfl. In carrying out my examination I have folkjwed the Direction5 given by the
Charity Commission under section 1451511bl of the 2011 Art.
Independent examlnerfs statement
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:
l. accountin8 records were not kept in respect of Southside Young Leaders Academy as required by
section 386 of the 2006 Act: or
2. the accounts do not accord with those records: or
3. the accounts do not compty with the accounting reqU1￿MentS of sertion 396 of the 2006 Act
other than any requirement that the accounts give a 'true artd fair view. which is not a matter
considered a5 part of an independent examination: or
4. the accounts have not been prepared in accordance with the method5 and principles of the
Statemenl of Recommended Practice for accounting and reporting by charities lapplicable to
charities preparing their accounts in accordance with the Flnancial RewrtingStandard applicable
in the UK and Republic of Ireland IFRS 10211.
I have no concerns and have come across no other matters in conne￿10n with the examination to
whith attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Tracey Nich
CCA
Association of Chartered Certified Accountant5
HFL House
I Saxon Way
Melbourn
Cambridgeshire
SG8 6DN
Page 8

Southside Young Leaders Academy
ststement of Financial A¢tivities for the Year Ended 30 April 2022
(In¢luding Income and Expenditure Account and Statement of Total Recognised Gains and
Losses)
UnrestTiCted
Restri¢ted
funds
Totsl
2022
Income and Endowments from:
Donations and legacaes
Investment inwme
Other income
12.960
142.127
155.087
9.389
9,389
Total in¢ome
22.351
142.127
164.478
Expenditure on:
Charitable actiwties
(4.6401
(146,163)
(150.8031
Total expenditure
{4.6401
{146,163)
{150,8031
Net incomel{expenditurel
17.711
14.036
13,675
Net movement in funds
17.711
14,036)
13,675
Reconelllation of funds
Total funds brought fonvard
Total fund5 carried for￿0rd
27.651
93.759
121,410
15
45.362
Unrestricted
fvnds
89.723
Restricted
funds
135.085
Total
2021
Note
I￿orne and Endo￿nents from:
Donations and legacies
Investment income
57,532
184,069
241,601
Total in¢<>me
57.539
184,069
241,608
Expenditure on..
Charilable activities
38,88
{189,534)
1228.421
Total expenditure
138,887)
1189,534)
1228.4211
Net incomellexpenditure)
18.652
{5.4651
13.187
Net movement in funds
18.652
{5,4651
13,187
Reconcliation of ￿ndS
Total funds brought forward
8.999
99.224
108.223
Total fvnds carried forward
15
27,651
93,759
121,410
The notes on pages 12 to 20 form an integral part of these financial slatements.
Page 9

Southside Young Leade￿ Academy
ststement of Flnanelal Actlvities for the Year Ended 30 April 2022
(Including Income and Expenditure AcGounl and Statement of Total Recognised Gains and
Losso$}
All of the charity's activities derive from ¢ontinuing ¢¥erations during the atKJve two periods.
The funds breakdown for 2021 is sh¢ywn in note 15.
The note5 on pa9es 12 to 20 fomi an integral part of these financial slatemenls.
Page 10

Southside Young Leaders Academy
(Registration number: 06228171)
Balan¢e Sheet as at 30 April 2022
2022
2021
Not•
Flxed asset5
Tangible assets
11
1.116
8.666
Current assets
Debtors
Cash at bank and in hand
12
6,141
133.172
16,600
99,823
139.313
116.423
Credlt¢)vs: Amounts falling due *lthln one year
13
15,344)
13,679)
Nel ¢urrent assets
133,969
112,744
Nel a$sets
135.085
121,410
Funds of the tharity:
Restricted income fund5
Restricted funds
89.723
93,759
Unrestricted income fund5
unreStr￿ted funds
45.362
27.651
Total fun(ts
15
135.085
121,410
For the finanrial year ending 30 April 2022 the charity was entitled to exemption from audit under
section 477 of the Companies Act 20￿ relating to small ¢tYnpanies.
Dire¢lors' responsibilities-.
The members have not required the charity to obtain an audit of its accounts for the year in
question in acwrdance with section 476." and
The directors a(￿nth￿edge their responsibAities for (￿nplyIng with the requirements of the Act
with respect toaccounting recoids and the preparation of aco)unts.
The financial statements on page5 9 to 20 approved by the trustees. and authorised for issue
on 2310112023 and s￿ned on their behalf by..
Winston Davis
Chairman and trustee
The notes on pages 12 to 20 forni w integral part of these financial statements.
Page11

Southside Young Leaders Academy
Notes to the Financial Statements for the Year Ended 30 April 2022
1 Charity ststs
The tharity is limited by guarantee. incorporated in England and Wales. and ¢onsequentty does not
have share capital. Each of the trustees is liable to (y)ntribute ￿ arnount not exceeding £1 lowards
the assets of Ihe charity in the event of liquidation.
The address of its registered office is..
Ark Academy Walworth
Shorncliffe Road
London
SE15UJ
2 A¢¢¢)unting poli¢i•s
Summary of significant accounting policies and key accountlng estlmates
The principal accounting policies applied in the preparation of these finanaal stalements are set out
below. These pjliaes have been ￿nsIstenI￿ applied to all the years presented. unless otherwise
5tsted.
statemenl of ¢omplian¢e
The financial slalements have been prepared in accordan￿ with Accounting and Reporting ty
Charities.. Statement of Recommended Practice lapplirable to charities preparing their accounts in
accoidance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
10211 (issued in October 2019) - (Charities SORP IFRS 102}l. the Finanual Reporting Standard
applicable in the UK and Republicof Ireland IFRS 1021 and the Companies Act 2006.
Basis of preparation
Southside Young Leaders Academy meets the definition of a public benefit entity under FRS 102.
Assets and liabililies are initially recognised at historical cost or transaction value Unle￿ otherwise
stated in the relevant accounting poliw notes.
Golfig concern
The trustees ojnsider that the￿ are no material un￿rtaint￿e$ atoul charity's ability to ￿SntinUe
as a going concern nor any signtfi(3nt areas of unortainty that affect the carrying value of assets
held by the charity.
Exemption from preparing a cash flow ststem•nt
The charity opted lo early adopt Bulletin 1 published on 2 February 2016 and have therefore not
I￿luded a ￿$h flow Staten￿nt in these financial staterrents.
Page 12

Southside Young Leader5 Academy
Notes to the Financial Slatements for the Year Ended 30 April 2022
Income and endOW￿ents
All inwme is re¢£43nised once Ihe tharity has entitlement to the income. it Ès probable that the
income will be received and the anKsunt of the inwme receivable can be measured reliably.
Donations and legacie$
Donations are rewgnised when the charity has been notified in writing of both the amount and
settlement date. In the event that a donation is subject to conditions that require a level of
performance by the charity before the charity 15 entitled to the funds, the income is deferred and
not recognised until either those conditM)ns are fulty met. or the fulfilment of those conditions is
wffiolty within the control of the charily and it i% probable that these CAJnditions will be fulfilled in the
reporting period.
Investment income
Interest on funds held on deposit is induded when receivable and the armunt can be measured
reliably by the chaiity.. thi5 is normally Up￿ notification of the interest paid or payable by the bank.
Expendi￿re
l expenditure is re¢ognised there is a legal or Constr￿t￿e obligation to that expenditure, it ts
probable settlement is required and Ihe amwnt can be measured reliabty. All costs are allocated to
the applicable expenditure heading that aggregate similar costs lo thal category. Where costs
¢annot be directly attributed to particular headings they have been ￿lOcated on a basis o)nsistent
with the use of resources, wth central staff costs allocated on the basts of time spent, and
depreciation charges allocated on the portion of the asset's use. Other support cos1$ are alknated
based on the spread of staff cos
Charitable a¢tivities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and seN1￿$ for its benefi¢i3r*s. It indudes both c(Jsts that can be allocated directly to such
activities and those costs of an indirect nature necessary to support them.
Governan¢e ¢osts
These indude the costs attributable to the charity's compliance with constitutM)nal and statulory
requirements. induding al￿Trt. strategic management and trustees's meetings and reimbursed
expenses.
Taxalion
The charity is considered to pa55 the tests set out in Paragraph 1 Schedule 6 of the Finan￿ kt 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
A¢(xJrdingly, the charity is potentialty exempt from taxation in respect of ino)me or capital gains
received within categories covered by Chapter 3 Part 11 of the CorpOrat￿n Tax Act 2010 or Se¢lion
256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are
applied exdusively to charilable purposes.
Page13

Southside Young Leaders Academy
Notes to the Financial Statements for the Year Endod 30 April 2022
Tangible fixed assets
Individual fixed assets Costing £300.IXt or rn0￿ a￿ initially re￿rded at cost, le￿ any subsequent
ac￿m￿lated depreciation and subsequent accumulaled impairment10sse5.
Depreciation and amortisallon
Depreciation is provided on tangible r￿ed assets so as to Write off the cost or valuation. less any
estimated residud value. over their expected usefvl econoff￿c lrfe as followE."
Assetclass
Motor Vehicles
Computef and OffKe Equipment
Oepreeiation method and rate
25Y• on a redu(yng balance
3 years on cost
Trnde debt¢rs
Trade debtors are amounts due from ￿StomerS for rr*rthandise sold 01 services performed in the
ordinary course of bu5ines5.
Trade debtors are reojgnised initialfy at the transaction price. They are subsequently measured at
amortised cost using the effective interest method. less provision for impairment. A provision for the
impairmenl of trade debtors is established wthen there is objective evidence that the charity will not
be able to collect all amounts due acc4)rding to the original temis of the r￿l¥able5.
Cash and cash ewivalents
Cash and cash equivalents comprise cash on hand and call deposits. aThl other short-term highly
liquid investments that are readily o)nvertible to a known amount of and a￿ subject to an
insignificant risk of change in value.
Trnde ¢reditors
Trade creditors are obligations to pay for g>)ds or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are rjassified as current liabilities if the tharity
dces not have an unconditional right. at the end of the reporting peri(MJ. to defer selllement of the
¢reditor for at least twelve nTh)nths after Ihe reporting date. If there is an unconditional right to defer
settlement for at least twelve months after the reporting date, they are presented as non-current
liabilities.
Trade creditors are iecc8nised initialty at the transaction pn￿ and subsequently measured at
amortised cclst using the effective interest meth￿.
Fund structure
Unrestricled In￿Me funds are general funds that are available for use at the trustees discretion in
furtherance of the objectives of the tharity.
Page 14

Southside Young Leaders Academy
Notes to the Finan¢lal Ststements for the Year Ended 30 April 2022
Restricted income funds are th￿ donated for use in a partKular area or for specifK purposes. thè
use of which is restricted to that area or purpose.
Pensions and other post ￿tIrement obligations
The charity operates a defined ccfitribulion pensron stheme which is a pension plan under vthich
fixed contributions are paid into a pension fund and the charity has no legal or constructive
obligation to pay further contributions even if the fund doe5 not hold suffiuent assets to pay all
employees the benefits relaling to employee service in the current and prior periods.
Contributions to defined contribulim plans are recJ)gnised in the Statement of Financial Activities
when they are due. If contribution payments exceed the conttibution due for service. the eX￿S is
re¢ognised as a prepayment.
3 Income from d(xwtions and leyades
ithrestricted
fvnds
General
Restricted
Total
Donations and legacies;
Donations from companies. trusts and Similar
proceeds
Donations from individuals
1,979
10.981
142,127
144,106
10,981
Total for 2022
12,960
142,127
155,087
Total for 2021
57.532
184,069
241,601
4 Olher inwne
Unrestrfcted
lund$
General
Totsl
fvnd$
Gains on sale of tangible fixed assets for charity's own use
9.389
9,389
Total for 2022
9,389
9.389
Page 15

Southside Young Leadets Academy
Notes to the Flnanclal Statements for the Year Ended 30 April 2022
S Expenthturn On charitable a¢tivit5es
iknrestricted
funds
GeneAI
Restricted
funds
Total
Note
Charitable actrvities
Staff costs
Governance costs
3.778
22,529
114.030
9,604
26.307
114,892
9.604
Totsl for 2022
4.640
146.163
150,803
Totsl for 2021
38.887
189.534
228,421
Totsl
expenditure
6 Anaty$is of goveman¢e and Support ¢osts
Govemance Costs
Restricted
funds
Total
funds
Independent examiner fees
Examination of the financiai statements
Legal fees
Other govemanca ¢05ts
600
2,404
6,600
2.404
6.6C(J
Total for 2022
9.604
9.604
Total for 2021
7.200
7,200
7 TN$tees remunernll¢n and expen
No trustees. r￿[ any persons connected with them, have received any remuneralion from the
¢harity during the year.
P*Je 16

Southside Young Leadets A¢ademy
Notes to the Financial Statements for the Year Ended 30 April 2022
8 Staff costs
The aggregale payroll c05tswere as folkws:
2022
2021
Staff costs during the year￿re.
Wages and salaries
Social security Costs
Pension costs
Other staff ¢>)sl$
9),112
4,032
2,160
18.588
114,908
5.842
3,059
17.242
114,892
141,051
The monlhly average number of persons linduding sen￿r management I leadership team)
emF4oyed by Ihe tharity during the year expressed as full time equrvalenls vtss as follov•ts:
2022
2021
Employees
No employee [￿l¥ed emoluments of more than £60.000 during the year.
9 Inthp¢nd¢nt examinerfs remunernti
2022
2021
Examination of the financial statements
600
600
10 Taxation
The tharity is a registered charity and 15 therefore exempt from taxation.
Page17

South$lde Young Leaders Academy
Not¢$ to the Finan¢lal Statements for the Year Ended 30 April 2022
11 TangibIef￿ed assets
Motor
vehlcles
Computer
equipment
Totsl
Cost
At 1 May2021
Additions
Disposals
10.000
3.498
924
13.498
924
{10.C(IO)
110.0001
At 30 April 2022
4.422
4.422
Depreeiafjon
At 1 May2021
Charge for the year
Eliminated on disposals
1.832
1.474
4.832
1.474
13,000
13.000)
At 30 Apiil 2022
3.3(6
3.306
Net book value
AI 30 April 2022
1,116
1.116
At 30 April 2021
7.000
1.666
8,666
12 Debtors
2022
2021
Prepayments
Accrued income
6.141
6,600
10.000
6.141
16,600
13 Credltor5: am¢yJnts falliTrJ due withln one year
2022
2021
Trade creditors
Other taxation and swal sewrity
Other creditors
Ac¢rLtrals
2.411
2.253
1.617
1,306
686
70
3.679
Page18

Southside Young Leaders A¢ademy
Note$ to the Financial Statements ft>r the Year Ended 30 Aprfl 2022
14 Perrsion and otherschemes
Defined Contribution pension scherne
The charity operates a defined contribution pen%on s¢heff*. The pension LY6t charge for the year
represents LX*ntribution$ payable by the ¢harity to the s¢heme and amounted lo £2,16012021
£3,IAO).
Page 19

Southside Young Leadèrs Academy
Note$ to the Financial Statements for the Year Ended 30 April 2022
16 Fun(ts
Balan¢e at 1
May 2021
¢omiNJ
res¢)urces
Resources
Balance at 30
expwthd April 2022
Unrestrlcted fund5
General
27.651
22.351
(4,640)
45.362
Restricted funds
93.759
142.127
{146.1631
89,723
Total funds
121.410
164.478
(150,803
135,085
Bala￿e at I
May 2020
Incomin9
Resources
Balance at 30
April 2021
Unrestricted funds
General
8,999
57,539
(38.8871
27.651
Restricted funds
99.224
184.C69
1189.5341
93.759
Total f4mds
108.223
241.608
228.421
121,410
Page 20