Company No. 05611999 (England & Wales) Charity No. 1129397
SOUTH CENTRAL YOUTH LTD (a company limited by guarantee)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
ALISON WARD ACCOUNTANTS CHARTERED CERTIFIED ACCOUNTANTS
28 HILLS ROAD BUCKHURST HILL ESSEX IG9 5RS
SOUTH CENTRAL YOUTH LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
CONTENTS
| Page | 1 | Trustees' Report |
|---|---|---|
| 6 | Independent Examiner's Report | |
| 7 | Statement of Financial Activities | |
| 8 | Balance Sheet | |
| 9 | Notes to the Financial Statements |
SOUTH CENTRAL YOUTH LTD TRUSTEES' REPORT - STATUTORY INFORMATION FOR THE YEAR ENDED 31 MARCH 2022
TRUSTEES
T J Barratt M Bruce (Chair) R Hodgson (Company Secretary and Treasurer) K Karampatsos G Kasanga J Wilkinson
SECRETARY
R Hodgson
REGISTERED OFFICE
PO Box 63640 London SW9 1BR
COMPANY NUMBER
05611999
CHARITY NUMBER
1129397
BANKERS
The Co-Operative Bank Plc P.O. Box 250 Skelmersdale WN8 6WT
INDEPENDENT EXAMINER
Alison Ward Accountants Chartered Certified Accountants 28 Hills Road Buckhurst Hill Essex IG9 5RS
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SOUTH CENTRAL YOUTH LTD TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022
The trustees (who are also directors of the Company) present their report and the independently examined financial statements of the Company for the year ended 31 March 2022. The statutory information is shown on Page 1.
STATUS
The company, number 05611999, is limited by guarantee and has charitable status. The charity registration number is 1129397. It has a Memorandum and Articles of Association as its governing document.
OBJECTIVES
The charity's objectives and aims are to support vulnerable and at-risk youths.
Charity Overview
South Central Youth Ltd (SCY) (the Company) is a Lambeth based charity working to improve the life chances of young people in some of London's toughest communities. Our specialist team works at a community level, building strong relationships and a sense of kinship with young people. We help support them to feel safe and secure, to look after their mental fitness and develop their ability to make positive choices to enable them to live safer, more fulfilling lives. Beyond that, we work to help them express their feelings and build their self-worth.
The London Poverty Profile noted that Lambeth has lower than average indicators for infant mortality, premature mortality and school education. Trust for London cites 43% of Lambeth's population live in areas of high deprivation. My London News reports that crime in Lambeth rose by 14% in May 2022. These factors show concerning statistics, however, lived experience for many of our young people means, empty fridges and fewer meals, less attachment and attainment in school, reduced mental health, increased risk of exploitation and community violence.
We believe that opportunities and therapeutic relationships can significantly impact a young person's wellbeing and facilitate positive change for many young people. To achieve this we provide the following services.
Public Benefit
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing their aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives of the charity.
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SOUTH CENTRAL YOUTH LTD TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
ACHIEVEMENTS
A Crisis Response Service
Supporting young people through crises, including homelessness, after experiencing sexual assault, being remanded in custody, mental health emergencies and extreme poverty. 22 of our young parents strongly agreed that our RIPPLE OF HOPE project helped their family and 69% of those strongly agreed the project helped them to feel less isolated and anxious.
Intensive Mentoring
This is tailored support given by our team regularly over a long period. 100% of the 15 young people currently receiving mentoring told us their mentor helped them to feel more confident and improved their wellbeing.
Therapeutic Programs
Including counselling, CBT, creative and art therapy and somatic therapies to support young people experiencing PTSD and complex PTSD. 25 young people received counselling in the last 12 months, 10 experienced significant progress, 12 experienced some progress and 3 are yet to experience significant progress. Of the 12 young people on the CREATIVE RELEASE PROGRAM 61% told us they strongly agreed that the group helped them to better understand their feelings and 91% told us that the group helped them to feel more confident. 69% told us that the group helped them to feel less anxious.
Self Development Workshops
Practical hands-on sessions and courses designed to channel young people's energy in positive and productive ways and help them to make better choices and improve their communication and interpersonal skills. Over the last 12 months we delivered our THINK GOOD, FEEL GOOD program to 90 young people, 100% of whom experienced improvement in their confidence and emotional wellbeing. 100% of the 25 young people who attended the YANA program increased their engagement and improved their behaviour and academic attainment.
Detached Youth Work
This is on-the-street youth work designed to connect with young people who would be difficult to reach through conventional means. In recent months Lambeth Social Services have asked us to support a group of young people on the Blenheim Estate. We are in the initial phase of observing and introducing ourselves to the group. This is a prerequisite to providing support, signposting and the possibility of ongoing activities in their area.
Looking Forward
We are looking forward to an action-packed 2022 summer program. We are delivering 2 weeks of a free summer sports camp on Streatham Common, 2 weeks of mindfulness art, mentoring and therapy services, a trip to the beach, a theatre trip to see The Lion King, go-karting and detached youth work.
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SOUTH CENTRAL YOUTH LTD TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
FINANCIAL REVIEW
The Company reported a deficit of £41,556 for the year ended March 2022. This is due to significantly lower income during the year but high expenditures relating to the delivery of programs utilising funds received in prior financial years.
RISK REVIEW
The trustees are constantly reviewing the risks associated with the delivery of our programs and external risks such as COVID-19. SCY's systems, procedures and processes are reviewed at least annually and all new projects undergo a risk assessment before commencing.
RESERVES POLICY
Reserves equating to 3 months of unrestricted expenditure is considered sufficient to cover management, staff and support costs and to cover costs relating to potential unforeseen situations. The reserves policy is therefore set at free reserves totalling a minimum of 3 months of unrestricted expenditure.
TRUSTEES
The trustees who served during the year are shown below:
T J Barratt M Bruce (Chair) R Hodgson (Company Secretary and Treasurer) K Karampatsos G Kasanga (Appointed 14 June 2021) K P Thompson (resigned 30 December 2022) J Wilkinson
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SOUTH CENTRAL YOUTH LTD TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
TRUSTEES RESPONSIBILITIES
Company and charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the trustees are required to:-
1) select suitable accounting policies and then apply them consistently.
2) make judgements and estimates that are reasonable and prudent.
3) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
SMALL COMPANY EXEMPTIONS
This report has been prepared and delivered in accordance with the provisions in Part 15 of Companies Act 2006 applicable to companies subject to the small companies' regime.
This report was approved by the board on 20 March 2023 and signed on their behalf.
M Bruce (Chair)
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH CENTRAL YOUTH LTD FOR THE YEAR ENDED 31 MARCH 2022
I report on the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 accounts to be reached.
Alison Ward FCCA
20 March 2023
Alison Ward Accountants 28 Hills Road Buckhurst Hill Essex IG9 5RS
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SOUTH CENTRAL YOUTH LTD STATEMENT OF FINANCIAL ACTIVITIES (including the Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2022
| Unrestricted | Unrestricted | Restricted | Restricted | Total | Unrestricted | Unrestricted | Restricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Note | Funds | Funds | 2022 | Funds | Funds | 2021 | ||||||
| £ | £ | £ | £ | £ | £ | |||||||
| Income and endowments from: | ||||||||||||
| Donations and legagies | 3 | 1,780 | 54,750 | 56,530 | 65,573 | 99,332 | 164,905 | |||||
| Charitable activities | 4 | - | 33,000 | 33,000 | 12,000 | 18,600 | 30,600 | |||||
| Other trading activities | ||||||||||||
| Other | - | - | - | 24,484 | - | 24,484 | ||||||
| Total | 1,780 | 87,750 | 89,530 | 102,057 | 117,932 | 219,989 | ||||||
| Expenditure on: | ||||||||||||
| Raising funds | 5 | - | - | - | - | 11,520 | 11,520 | |||||
| Charitable activities | 6 | 11,283 | 119,803 | 131,086 | 62,100 | 54,600 | 116,700 | |||||
| Other | 7 | - | - | - | 5,390 | - | 5,390 | |||||
| Total | 11,283 | 119,803 | 131,086 | 67,490 | 66,120 | 133,610 | ||||||
| Net income(expenditure) | (9,503) | (32,053) | (41,556) | 34,567 | 51,812 | 86,379 | ||||||
| Transfer between funds | - | - | - | 3,990 | (3,990) | - | ||||||
| Net movement in funds | (9,503) | (32,053) | (41,556) | 38,557 | 47,822 | 86,379 | ||||||
| Reconciliation of Funds | ||||||||||||
| Total funds brought | ||||||||||||
| forward | 48,743 | 69,807 | 118,550 | 10,186 | 21,985 | 32,171 | ||||||
| Total funds carried | ||||||||||||
| forward | £ | 39,240 | £ | 37,754 | £ | 76,994 | £ | 48,743 | £ | 69,807 | £ | 118,550 |
The company made no recognised gains and losses other than those reported in the income and expenditure account.
All income and expenditure derive from continuing activities.
The notes on pages 9 to 15 form part of these financial statements
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SOUTH CENTRAL YOUTH LTD
Company registered number: 05611999
BALANCE SHEET AT 31 MARCH 2022
| Note FIXED ASSETS Tangible assets 8 CURRENT ASSETS Debtors 9 Cash at bank and in hand CREDITORS: Amounts falling due within one year 10 NET CURRENT ASSETS NET ASSETS RESERVES Unrestricted funds 11 Restricted funds 11 |
2022 2021 £ £ £ 303 589 1,321 1,254 81,114 124,659 82,435 125,913 (5,744) (7,952) 76,691 117,961 76,994 £ 118,550 £ 39,240 48,743 37,754 69,807 76,994 £ 118,550 £ |
|---|---|
In approving these financial statements as trustees/directors of the Charitable Company we hereby confirm that:
For the year ending 31 March 2022 the Charitable Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the Charitable Company to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The accounts were approved by the board of trustees on 20 March 2023
M Bruce (Chair)
The notes on pages 9 to 15 form part of these financial statements
page 8
SOUTH CENTRAL YOUTH LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
1a. Basis of preparation
The financial statements have been prepared in accordance with 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), (Charities SORP FRS 102), the Charities Act 2011 and the Companies Act 2006.
SCY meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
1b. Preparation of the accounts on a going concern basis
SCY has reported a deficit of £41,556 for the year. The trustees are of the view that the immediate future of the charity for the next 12 to 18 months is secure and that on this basis it is a going concern.
1c. Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life by the reducing balance method.
% Plant and machinery 25
1d. Taxation
SCY is exempt from taxation under sections 466 to 493 of the Corporation Tax Act 2010.
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SOUTH CENTRAL YOUTH LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES (CONTINUED)
1e. Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of a specified service it is deferred until the criteria for income recognition are met.
1f. Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activitiy headings:
-
Costs of raising funds comprise the costs of staff time and associated support costs.
-
Expenditure on charitable activities includes the direct costs of providing the services and other activities undertaken to further the purposes of the charity and includes their associated support costs.
-
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
1g. Funds
The Restricted Funds are restricted income funds given to the charity for specific purposes. They are expendable by the trustees in furtherance of particular projects within the charity objects.
The Unrestricted Funds are funds expendable at the discretion of the trustees in furtherance of the objects of the charity.
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SOUTH CENTRAL YOUTH LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES (CONTINUED)
1h. Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in the year.
2. OPERATING DEFICIT
| OPERATING DEFICIT | |
|---|---|
| 2022 | |
| £ | |
| Deficit is stated after charging: | |
| Independent examiner's fees | 2,100 |
| Depreciation | 286 |
| Staff costs (note 12) | 85,660 |
3. INCOME FROM DONATIONS AND LEGACIES
| Unrestricted | Unrestricted | Restricted | Restricted | Total | Unrestricted | Unrestricted | Restricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | Funds | Funds | 2021 | |||||||
| £ | £ | £ | £ | £ | £ | |||||||
| London Community | ||||||||||||
| Foundation | - | 25,000 | 25,000 | 4,930 | 35,000 | 39,930 | ||||||
| Tudor Trust | - | - | - | 19,000 | 38,400 | 57,400 | ||||||
| Children In Need | - | 19,750 | 19,750 | - | 20,500 | 20,500 | ||||||
| City Bridge Trust | - | - | - | - | 4,930 | 4,930 | ||||||
| Peabody Housing | - | - | - | - | 502 | 502 | ||||||
| Youth Futures | - | 10,000 | 10,000 | - | - | - | ||||||
| JP Foundation | 850 | - | 850 | 500 | - | 500 | ||||||
| CAF | 750 | - | 750 | - | - | - | ||||||
| Souter Charitable Trust | - | - | - | 3,000 | - | 3,000 | ||||||
| Garfield Weston Foundation | - | - | - | 20,000 | - | 20,000 | ||||||
| Lambeth Hardship Fund | - | - | - | 10,000 | - | 10,000 | ||||||
| Vintners | - | - | - | 5,000 | - | 5,000 | ||||||
| SYCT Mindfulness | - | - | - | 1,628 | - | 1,628 | ||||||
| Donations | 180 | - | 180 | 1,515 | - | 1,515 | ||||||
| £ | 1,780 | £ | 54,750 | £ | 56,530 | £ | 65,573 | £ | 99,332 | £ | 164,905 |
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SOUTH CENTRAL YOUTH LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
4. INCOME FROM CHARITABLE ACTIVITIES
| Unrestricted | Unrestricted | Restricted | Restricted | Total | Unrestricted | Unrestricted | Restricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | Funds | Funds | 2021 | |||||||
| £ | £ | £ | £ | £ | £ | |||||||
| London Youth (Burberry) | - | 30,000 | 30,000 | 12,000 | - | 12,000 | ||||||
| GLA | - | 3,000 | 3,000 | - | 18,600 | 18,600 | ||||||
| £ | - | £ | 33,000 | £ | 33,000 | £ | 12,000 | £ | 18,600 | £ | 30,600 |
5. COST OF RAISING FUNDS
| COST OF RAISING FUNDS | ||||
|---|---|---|---|---|
| Total | Total | |||
| 2022 | 2021 | |||
| Fundraising costs | £ | - | £ | 11,520 |
| The 2021 costs were all restricted. |
6. CHARITABLE ACTIVITIES
| Unrestricted | Unrestricted | Restricted | Restricted | Total | Unrestricted | Unrestricted | Restricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | Funds | Funds | 2021 | |||||||
| £ | £ | £ | £ | £ | £ | |||||||
| Charitable expenditure | 9,183 | 119,803 | 128,986 | 62,100 | 54,600 | 116,700 | ||||||
| Governance costs | 2,100 | - | 2,100 | - | - | - | ||||||
| £ | 11,283 | £ | 119,803 | £ | 131,086 | £ | 62,100 | £ | 54,600 | £ | 116,700 |
7. GOVERNANCE COSTS
| GOVERNANCE COSTS | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | 2022 | 2021 | ||||
| £ | £ | £ | £ | ||||
| Independent examination | 2,100 | - | 2,100 | - | |||
| £ | 2,100 | - £ |
£ | 2,100 | £ | - |
page 12
SOUTH CENTRAL YOUTH LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
8. TANGIBLE FIXED ASSETS
| Plant & Machinery Total £ £ Cost At 1 April 2021 19,145 19,145 At 31 March 2022 19,145 19,145 Depreciation At 1 April 2021 18,556 18,556 For the year 286 286 At 31 March 2022 18,842 18,842 Net Book Amounts At 31 March 2022 303 £ 303 £ At 31 March 2021 589 £ 589 £ 9. DEBTORS 2022 2021 £ £ Social security and other taxes 141 - Other debtors - 1,254 Prepayments 1,180 - 1,321 £ 1,254 £ |
Total £ 19,145 |
|
|---|---|---|
| 19,145 | ||
| 18,556 286 |
||
| 18,842 | ||
| 303 | ||
| 589 | ||
| 2021 £ - 1,254 - 1,254 £ |
2021 £ - 1,254 - |
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SOUTH CENTRAL YOUTH LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other creditors including taxation and social security | 269 | 7,952 | ||
| Accruals | 5,475 | - | ||
| £ | 5,744 | £ | 7,952 |
11. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| **Unrestricted ** | **Unrestricted ** | Restricted | Restricted | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Total | ||||
| £ | £ | £ | ||||
| Fund Balances at 31 March 2022 are | ||||||
| represented by | ||||||
| Tangible fixed assets | 303 | - | 303 | |||
| Current assets | 44,681 | 37,754 | 82,435 | |||
| Current liabilities | (5,744) | - | (5,744) | |||
| Total Net Assets | £ | 39,240 | £ | 37,754 | £ | 76,994 |
| Fund Balances at 31 March 2021 are | ||||||
| represented by | ||||||
| Tangible fixed assets | 298 | 291 | 589 | |||
| Current assets | 56,397 | 69,516 | 125,913 | |||
| Current liabilities | (7,952) | - | (7,952) | |||
| Total Net Assets | £ | 48,743 | £ | 69,807 | £ | 118,550 |
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SOUTH CENTRAL YOUTH LTD NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
12. STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES, AND THE COST OF KEY MANAGEMENT PERSONNEL
The charity considers its Key Management Personnel to be the trustees and the Chief Executive.
| Employee costs during the year amounted to: | 2022 | |
|---|---|---|
| £ | ||
| Wages and salaries | 82,035 | |
| Social security costs | 3,134 | |
| Other pension costs | 491 | |
| £ | 85,660 |
The average number of employees during the year was 5 (2021 - 5).
No employees received emoluments in excess of £60,000.
The total employee benefits including employer's NIC of the key management personnel were £42,479.
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021 - £nil). No charity trustee received payment for professional or other services supplied to the charity (2021 - £nil).
13. RELATED PARTIES
There were no related party transactions during the year ended 31 March 2022. During the year ended 31 March 2021 £1,000 was paid to Mr R Hodgson with regard to time spent on maintaining the charity's accounting records.
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