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2022-08-31-accounts

REGISTERED COMPANY NUMBER: 07150747 (England and Wales) REGISTERED CHARITY NUMBER: 1141530

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2022

for Ykids

Ykids

Report of the Trustees for the Year Ended 31 August 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2022. The trustees have adopted the provisions of 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).

2021-22 has seen the world emerge from a Global pandemic and into a cost of living crisis and the impact of war in Ukraine. While we are just a small organisation doing our best to serve our community, we have seen the impacts of world events in the everyday life of local people and especially in children. We endeavour to continue to relieve poverty and raise aspirations among children and young people, enabling them to rise above circumstances, believe in themselves and become world changers.

This report outlines our aims and objectives as a charity and how we implemented them over another year of uncertainty and change, how we sought to alleviate need and continue to respond to unprecedented demand.

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Ykids

Report of the Trustees for the Year Ended 31 August 2022

OBJECTIVES AND ACTIVITIES

Objectives and aims

Ykids is a charity working to bring hope to at risk and vulnerable children and young people and their families. While our base and primary focus is Bootle, Merseyside, we have a wider remit to impact children and young people across the region.

Our vision is to raise World Changers – equipping young people to believe that they can, and then do make a difference. We want children and young people to feel safe, loved and lead happy and productive lives, making a positive impact in their own lives and in the lives of those around them. This is particularly important in areas of deprivation where children often lack opportunity, face increased challenges and have low aspirations.

Aims:

Make Change: To equip young people to cope with whatever life throws at them, have plans and hopes for their future and skills to make their dreams a reality.

Be Change: To encourage young people to ‘be the change they want to see’ in their community

Champion Change: To enable our community, families and institutions to make change to nurture young people in an environment where they can thrive.

Objectives

As a result of their involvement with Ykids, children and young people will:

Historically, Ykids has offered a variety of activities to turn these aims into reality. They centre around:

• Youth & Children – we offer multiple regular groups aimed at children 5-17 years focussed on wellbeing, mentoring, citizenship, belonging, skills development and fun. These include one off events and activities, as well as short and longer-term programmes.

• Families – we offer support and promote family cohesion through family projects, peer mentoring and training, one-to-one support and practical help such as court and hospital visits, food through our community pantry and crisis intervention.

• Wellbeing – addressing physical and emotional wellbeing through cooking, nutrition, sport, and early intervention projects.

• Training – we offer apprenticeships, work placements, an intern programme, work experience, bespoke and accredited training opportunities.

• Enterprise - Ykids aims to be a more self-sustaining charity. We do this through social enterprise business. Kingsley & Co is our Victorian Explorer themed children's bookshop and literacy project which aims to support children and family wellbeing through story and generate some income for the charity.

• Community – we host community events including the Believe Awards, Bootle Children’s Literary Festival, fun days, community art projects and social action involving multiple partners and the wider community.

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Ykids

Report of the Trustees for the Year Ended 31 August 2022

• Education – we work in primary and secondary schools to deliver assemblies, self-esteem programmes and extracurricular activities, building relationships, mentoring and offering curricular enhancing projects.

• Faith – Ykids has a Christian ethos and therefore some of our work is with local churches. We work in partnership with churches, support employment, deliver training and activities to promote effective outreach in deprived communities. We also deliver in house projects such as Monday Night Live for young people who wish to explore aspects of the Christian faith.

Our charity’s purposes, as set out in the objects contained in the company’s memorandum of Association, are:

“To advance the Christian religion and to advance the education of children by providing educational and recreational activities to develop their mental, emotional and spiritual capacities so that their quality of life may be improved for the public benefit.”

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Ykids

Report of the Trustees for the Year Ended 31 August 2022

What We Have Delivered

Youth and Children’s Work

Our core work is with children and young people and to this end we delivered on average 8 to 10 projects each week during term time. This included groups for 5-7yrs, 8-11yrs and 12- 17yrs. Young people were consulted about activities they would like to do and activities range from animal care to cooking, art, sport, mental health, enterprise and much more. 278 young people regularly attended projects throughout the year. One of the impacts of Covid was a lack of socialisation, increased anxiety and young people finding it difficult to engage. We have spent much of the year addressing these issues in creative ways to build confidence, self-esteem and social and life skills.

We also delivered activities every holiday including an Arty Party, Trips, scavenger hunts, residentials and family events ensuring there was opportunity for young people to engage all year round.

Families

Our family support continued with the community pantry and saw an increase in families needing support, moving from 30 to 40 families being on our membership. We also gained funding to enable the pantry to be free during holidays and to give out hampers at Christmas.

We delivered ongoing 1 to 1 support with families and identified a need for parenting training which we plan to deliver next year. One off training sessions were delivered and many parents gained certificates in emergency first aid, food hygiene and safeguarding. A group of parents also trained as volunteers and have begun supporting delivery of the community pantry. A group of parents also took part in Nordic walking and one dad has continued and makes it part of his weekly routine. 30 parents also took part in a virtual walking challenge.Our parents’ book club continues to grow and provides a safe space for parents to connect, talk and make friends. Asa result many have began to support each other.

Wellbeing

We have a holistic approach to wellbeing which is embedded across all our programmes however we delivered a number of specifically wellbeing related projects including:-

Mentoring – 1 to 1 sessions with young people who were struggling with behaviour, school or life in general. Sessions often included a bit of cooking or activities to enable young people to talk, put things in perspective and feel encouraged. Often , just having quality time and an opportunity to be heard enables young people to find their own answers and strategies to cope.

Giant Slayers – this was a programme we developed to enable young people to cut their giants (worries) down to size by using basic CBT (Cognitive Behavioural Therapy) and giving them effective tools and strategies to cope. Aimed at 8-11 years we have been developing a programme for older children in consultation with young people.

Post Covid it was evident that many parents had also felt isolated and there was a need for them to have a safe space to be calm. Calm and Create began as a project promoting wellbeing alongside the pantry and up to 30 people take part each week.

Training

In addition to parent training we also delivered training for a number of organisations, and offered volunteering and work placement opportunities to young people from local schools and colleges and the Rank Foundation. Over 45 people volunteered on various projects throughout the year and gained skills in youth work, administration, marketing, family work, retail, schools work and even barista training. Page 4

Ykids

Report of the Trustees for the Year Ended 31 August 2022

We had one full time volunteer on our intern programme who grew in skills and confidence to the point that she decided that she wished to make teaching her career and successfully applied for university. 2 of our previous year’s interns were also employed as sessional workers when on leave from university.

3 staff began apprenticeships in marketing and management, one completed and another began a placement with Rank Foundation Time To Shine Programme and another was successful in gaining a placement on the Rank Foundation Profit For Good social trading programme.

Enterprise

Due to Covid we had been forced to close our café North Perk, and Kingsley and Co our new children’s bookshop and literacy project had only just opened its doors when the lockdowns were announced. As a result our enterprise ambitions were somewhat hampered. However, over the last year Kingsley and Co has grown significantly and developed a regular clientele and begun to develop a customer base of schools. While income is lower than predicted pre pandemic, it nevertheless has begun to grow steadily with events such as the Bootle Children’s Literary Festival and Pirate Fest helping to raise awareness. Book donations continue to come in and local businesses have begun to get on board with collections. We have developed our own product range and are now looking at ways that we can expand sales into other areas including Etsy.

One of the key developments at Kingsley and Co was to take on the shop next door, knock through and install access through a Narnia Wardrobe and refurbish the new shop into a Victorian sitting room classroom complete with moving portraits and steampunk toilets. This also facilitated the change of our former classroom into a discovery room full of hands-on and interactive exhibits. This has proved extremely popular.

We also continue to encourage young people to develop enterprise skills, taught them the basics of micro business and promoted entrepreneurial skills.

Community

Every year Ykids run a number of events aimed at children and families and the wider community, including:

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Ykids

Report of the Trustees for the Year Ended 31 August 2022

Education

We continue to work in both primary and secondary schools offering activities and events that support the curriculum. One of our key events this year was the Bootle Children’s Literary Festival which had a ‘Time Machine’ theme. As part of the project we launched the cartoons of stories written by children in lockdown, held a ‘giant paper doll’ exhibition, an illustration competition and delivered workshops in over 30 schools. We also held two large events themed around the past – with steampunk contraptions and a steampunk rapper, and the future with virtual reality, a space dome and world famous Titan the Robot. 16,500 people took part in activities and over 7,500 children attended a workshop with an author, artist or performer. We also gave away over 4,000 new books through a golden ticket scheme.

Faith

During the last year we saw the work of Monday Night Live, our Christian youth event, begin to grow with multiple young people attending with a number attending a discipleship group. We took a group of young people away on a Christian camp called MCYC and delivered assemblies and workshops in schools.

One major event we supported was the Year 6 transition workshops and leavers’ services at the Liverpool Cathedral, attended by over 6,000 children over 4 days.

We supported a number of churches with their youth and children’s work including 2 church weekends and began a new partnership with the Kings Church in Thornton, taking on the employment and support of a part time children’s worker. The first year has seen the youth and children’s work grow and develop and new outreach projects take place in the community.

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Ykids

Report of the Trustees for the Year Ended 31 August 2022

YKids Approach

We operate from an Asset Based Community Development perspective, recognising the strengths and positives in every person. We seek to build on these strengths to enable individuals to discover what their own gifts, talents and interests are and to encourage them in these fields.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Who Benefits from Ykids?

Children, young people, families and the wider community, predominantly in Bootle but also in other areas across Merseyside.

Bootle as an area is often characterised by gangs, drug use and poverty. In Derby Ward where one of our projects is based:-

Tragically, while Bootle remains among the bottom 1% most deprived communities in the UK, child poverty has actually increased by 17% in the last 5 years ( Sefton Council Ward Statistics).

Poverty is not just a lack of money. It also affects education, attainment but most of all it affects people's view of themselves, giving a message that they are not as valuable as someone who has more money.

Ykids is based in Bootle and we desire to see change in this area. As such, our immediate beneficiaries are children, young people and families living in Bootle and the surrounding area who can directly access our face-to-face projects and activities. For larger events and activities such as Kingsley and Co, the Believe Awards and Bootle Children’s Literary Festival, Ykids has a regional reach. Children and young people are always our priority.

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Ykids

Report of the Trustees for the Year Ended 31 August 2022

ACHIEVEMENT AND PERFORMANCE STATS Ykids Delivery - Sept 2021 to Aug 2022

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Ykids

Report of the Trustees for the Year Ended 31 August 2022

ACHIEVEMENT AND PERFORMANCE Internal and external factors What people say:

‘I have more friends now because of my lessons with Ykids’

‘I know how to manage my anger much better now’

‘I don’t usually mix with other people but I have because of Ykids and now I have more friends’’ ‘I know how to manage my emotions much better now’

Feedback from Giant Slayer lessons in a secondary school

‘Even though I was volunteering to give back to Ykids and the community, I have got so much from doing it. It’s helped me in many ways like meeting new people, amazing people and I have made some lovely new friends too. Massively for me, Volunteering here has made me grow as a person.’ Parent volunteer

‘Kingsley&Co is an adventure for children, not only can they sit and read they can play with the dressing up clothes. The books they sell are not expensive - the adventures you and your child can go on by reading is priceless.’ Kingsley Customer

‘Ever since she first started coming here it's grew her confidence. She became obsessed with books and has just become so social playing with all the kids. We are so lucky to have this on our doorstop. We Love Kingsley&Co’ Kingsley Customer

‘I like coming here (I feel safe) and I am happy and excited that I am here. I love it’ ‘I love everything about Ykids! Also I have fun, I’m happy and I feel safe’

‘I feel safe and happy when I’m here’

‘That Ykids helps me through tough times and I always feel like I can trust them. Ykids always has lots of activities and games to do and it makes me happy’ Feedback from Ykids groups

We held a consultation at our AGM to which children and families are all invited. We asked participants to answer questions on a large sheet of paper. One question was ‘How can Ykids do better? And one 10 year old wrote: ‘ Don’t beat yourselves up – you work very hard and you are doing a great job’

‘As a single working mum of 2, I don’t get a lot of me time so having this book has made me take time out to read. It has enabled me to relax which has helped me as mum. Seeing me reading has also encouraged my daughter to read more often too.’ Parent

‘My 3 children enjoyed the whole day and all of the events. My 5 year old is in a wheelchair and it was very inclusive and accessible for him. Thank you’ Pirate fest feedback

‘We came on Monday and spent 4 hours at Pirate Fest! My son loved it, he doesn't usually read but we left with a Secret Seven book and he is loving every minute. We came back today because Jacob wanted to tell Tam about the book he started and to spend more time in his new favourite place. The magical book store. Thanks for giving him great memories.’ Pirate fest feedback

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Ykids

Report of the Trustees for the Year Ended 31 August 2022

‘I am 73 years old but enjoyed it as much as my 5 year old grandson & 2 year old granddaughter. Thought it was all very well organised and it helped a lot of families out to treat their children to have a lovely day our. The cake and tea was an added bonus. Delicious!’ Pirate fest feedback

"I can't believe my child is sitting still with other children. He never does that in school. Thank you so much this makes me so happy to see. ‘ Parent of a child with autism.

Ykids has also featured in a number of press releases, articles and films made by local including Ellandi, the manager of the Strand Shopping Centre who have acknowledged our impact footfall in the shopping centre and have asked us to consider opening another shop in shopping centre in Knowsley.

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Ykids

Report of the Trustees for the Year Ended 31 August 2022

FINANCIAL REVIEW

Financial position

The Trustees have examined the charity’s requirements for reserves in light of the main risks to the organisation. They have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. Budgeted expenditure for 2022-23 remains under £500,000 and therefore the target is £75,000 to £150,000 in general funds.

While this is the Trustees intention, the present level of reserves fall significantly short of this target level. This is due in part to a loss in earned income during the pandemic and the need for urgent community needs to be met in a time of crisis. We end the year however in a healthier position but need to build some reserves again.

Although the strategy is to continue to build reserves through planned operating surpluses, in the short term the trustees have also considered the extent to which existing activities and expenditure could be curtailed, should such circumstances arise.

Principal Funding Sources

Ykids is seeking to continue to diversify its funding sources and decrease its reliance on grant making trusts. In 2021 - 22 our income was made up of:-

NB: A large proportion of trust and grant funding was towards capital refurbishment in 2017-19. While our income increased due to emergency Covid support grants, our targets to increase our diversification of income were impacted by the pandemic so we have not quite achieved our anticipated target for diversification, however we are still going in the right direction as we continue to work towards sustainability.

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Ykids

Report of the Trustees

for the Year Ended 31 August 2022

WHAT'S NEXT?

During 2022-23 Ykids hopes to deliver a range of activities in response to need and to benefit our community. These include:

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity is a company limited by guarantee as defined by the Companies Act 2006 and is controlled by its governing document, a deed of trust.

The board of trustees are elected on a three year cycle with nominations for presentation to the AGM. The induction is carried out by Claire Morgans. None of the trustees has any beneficial interest in the company. All the trustees are members of the company and guarantee to contribute £1 in the event of winding up.

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Ykids

Report of the Trustees

for the Year Ended 31 August 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Board of Trustees

We have an excellent board of active Trustees comprising of:

The Board of Trustee meets a minimum of 4-6 times a year and as well as being the accountable body, board members also support special events and activities.

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Ykids

Report of the Trustees

for the Year Ended 31 August 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Staffing

New staff appointed this year include:

Unfortunately we lost two marketing managers within the year, both to a higher paid job despite them being one of the highest paid positions in the organisation, and our Rank Time to Shine Worker fell pregnant and was unable to complete her programme.

Our staff structure at Ykids is purposefully designed to give lead members of staff the authority and scope to develop their own projects autonomously while also working under the CEO to ensure all work stays true to Ykids core values and our strategic direction. Our key staff include:

Management Team:

Project Leads

Everyone works towards their own delivery plan targets and outcomes under the overall leadership of Claire Morgans, Ykids CEO and founder. Claire is the link between the day-to-day work of Ykids and the board of trustees who have ultimate accountability.

Thank You

Thanks to the support of our many funders we have been able to move forward and we continue to build on diversifying our income to ensure the future sustainability of the organisation.

On behalf of our community, volunteers, staff and trustees we want to say a huge thank you for your invaluable support which has helped us to be there for our community and continue to change lives in very challenging situations. We move forward into a time of further uncertainty and increased demand but aim to continue to meet challenges head on as we work alongside those who have been so profoundly impacted by poverty and the cost of living crisis.

Thank you for journeying with us.

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Ykids

Report of the Trustees for the Year Ended 31 August 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT Funders List 29th May 1961 Charitable Trust All Churches Trust Cargill Children in Need Four Acre Trust Kickstart Scheme Leathersellers’ Company Charitable Fund Living Well Sefton National Lottery Awards for All England PH Holt Foundation Platinum Jubilee Fund Power to Change Sefton Council – Holiday, Activity and Food Programme Sefton Council for Voluntary Service Sefton Early Intervention and Prevention Sefton in Mind The Arts Council The Beatrice Laing Trust The Granada Foundation The Henry Smith Charity The Ironmongers’ Company The Julia & Hans Rausing Trust The Liverpool One Foundation The Rank Foundation The Siobhan Dowd Trust The Slavanka Trust The Steve Morgan Foundation The Thrive Network The Tudor Trust The Yorkshire Building Society Charitable Foundation Trusthouse Charitable Foundation Well Sefton

Unrestricted Funds

Fredmill Trust The Betty Lawes Foundation The Charles and Edna Broadhurst Charitable Trust The Charles Brotherton Trust The Christopher Home Trust The John Rayner Charitable Trust

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Ykids

Report of the Trustees

for the Year Ended 31 August 2022

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07150747 (England and Wales)

Registered Charity number

1141530

Registered office

98A Linacre Lane Bootle Merseyside L20 6ES

Trustees

Company Secretary

by: Approved by order of the board of trustees on ...... � ................................... and signed on /Jo. 02. -�0�� · its behal·

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Independent Examiner's Report to the Trustees of Ykids

Independent examiner's report to the trustees of Ykids ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FMAAT which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company 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 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

  4. 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.

David Hassall FMAAT

21/04/2023

Date: .............................................

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Ykids

Statement of Financial Activities for the Year Ended 31 August 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
52,057
Other trading activities
2
97,250
Total
149,307
EXPENDITURE ON
Charitable activities
Main Activity
155,441
Other
7,790
Total
163,231
NET INCOME/(EXPENDITURE)
(13,924)
Transfers between funds
11
4,958
Net movement in funds
(8,966)
RECONCILIATION OF FUNDS
Total funds brought forward
145,609
TOTAL FUNDS CARRIED FORWARD
136,643		 Restricted
fund
£
329,460
20,894
350,354
378,187
65,273
443,460
(93,106)
(4,958)
(98,064)
407,676
309,612		 31.8.22
Total
funds
£
381,517
118,144
499,661
533,628
73,063
606,691
(107,030)
-
(107,030)
553,285
446,255		 31.8.21
Total
funds
£
498,769
47,645
546,414
445,889
61,947
507,836
38,578
-
38,578
514,707
553,285

The notes form part of these financial statements

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Ykids

Balance Sheet 31 August 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
339
Social investments
7
1
340
CURRENT ASSETS
Stocks
8
-
Debtors
9
55,265
Prepayments and accrued income
-
Cash at bank and in hand
85,413
140,678
CREDITORS
Amounts falling due within one year
10
(4,375)
NET CURRENT ASSETS
136,303
TOTAL ASSETS LESS CURRENT
LIABILITIES
136,643
NET ASSETS
136,643
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
253,341
-
253,341
-
-
-
61,399
61,399
(5,128)
56,271
309,612
309,612		 31.8.22
Total
funds
£
253,680
1
253,681
-
55,265
-
146,812
202,077
(9,503)
192,574
446,255
446,255
136,643
309,612
446,255		 31.8.21
Total
funds
£
281,397
1
281,398
2,542
69,142
29
214,505
286,218
(14,331)
271,887
553,285
553,285
145,609
407,676
553,285

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

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Ykids

Balance Sheet - continued 31 August 2022

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on .. :?9. . . : .. :Z. .. : ... �.9.-��---······ and were signed on its behalf by:

The notes form part of these financial statements

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Ykids

Notes to the Financial Statements for the Year Ended 31 August 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Long Leasehold 4% SL Plant & Machinery 25% SL Fixtures & Fittings 33% SL Motor Vehicles 14% SL Computer Equipment 33% SL

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

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Ykids

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES

Charitable Revenue Generated
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 31.8.22
£
118,144
31.8.22
£
35,034		 31.8.21
£
47,645
31.8.21
£
40,496

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.

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Ykids

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
67,772
430,997
Other trading activities
47,645
-
Total
115,417
430,997
EXPENDITURE ON
Charitable activities
Main Activity
29,375
416,514
Other
3,594
58,353
Total
32,969
474,867
NET INCOME/(EXPENDITURE)
82,448
(43,870)
Transfers between funds
(18,290)
18,290
Net movement in funds
64,158
(25,580)
RECONCILIATION OF FUNDS
Total funds brought forward
81,451
433,256
TOTAL FUNDS CARRIED FORWARD
145,609
407,676		 Total
funds
£
498,769
47,645
546,414
445,889
61,947
507,836
38,578
-
38,578
514,707
553,285

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Ykids

Notes to the Financial Statements - continued for the Year Ended 31 August 2022

6. TANGIBLE FIXED ASSETS

COST
At 1 September 2021
Additions
At 31 August 2022
DEPRECIATION
At 1 September 2021
Charge for year
At 31 August 2022
NET BOOK VALUE
At 31 August 2022
At 31 August 2021
COST
At 1 September 2021
Additions
At 31 August 2022
DEPRECIATION
At 1 September 2021
Charge for year
At 31 August 2022
NET BOOK VALUE
At 31 August 2022
At 31 August 2021		 Long
leasehold
£
276,953
6,170
283,123
43,347
12,376
55,723
227,400
233,606
Motor
vehicles
£
48,256
-
48,256
27,575
6,893
34,468
13,788
20,681		 Plant and
machinery
£
4,500
-
4,500
3,626
841
4,467
33
874
Computer
equipment
£
53,830
480
54,310
32,556
13,562
46,118
8,192
21,274		 Fixtures
and
fittings
£
31,743
667
32,410
26,781
1,362
28,143
4,267
4,962
Totals
£
415,282
7,317
422,599
133,885
35,034
168,919
253,680
281,397

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Notes to the Financial Statements - continued for the Year Ended 31 August 2022

7.
SOCIAL INVESTMENTS
MARKET VALUE
At 1 September 2021 and
31 August 2022
NET BOOK VALUE
At 31 August 2022
At 31 August 2021
8.
STOCKS
Stock
9.
DEBTORS
Amounts falling due within one year:
Trade debtors
Other debtors
Amounts falling due after more than one year:
NorthPerk Inter Comp Loan
Aggregate amounts		 31.8.22
£
-
31.8.22
£
1,041
20
1,061
54,204
55,265		 Other
investment
£
1
1
1
31.8.21
£
2,542
31.8.21
£
(821)
20
(801)
69,943
69,142

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Notes to the Financial Statements - continued for the Year Ended 31 August 2022

10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pension
Accruals and deferred income
11.
MOVEMENT IN FUNDS
Net
movement
At 1.9.21
in funds
£
£
Unrestricted funds
General fund
145,609
(13,924)
Restricted funds
Restricted Funds
407,676
(93,106)
TOTAL FUNDS
553,285
(107,030)
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
149,307
Restricted funds
Restricted Funds
350,354
TOTAL FUNDS
499,661		 31.8.22
£
2,058
6,046
1,399
-
9,503
Transfers
between
funds
£
4,958
(4,958)
-
Resources
expended
£
(163,231)
(443,460)
(606,691)		 31.8.21
£
7,116
6,111
1,199
(95)
14,331
At
31.8.22
£
136,643
309,612
446,255
Movement
in funds
£
(13,924)
(93,106)
(107,030)

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Notes to the Financial Statements - continued for the Year Ended 31 August 2022

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
Transfers
movement
between
At 1.9.20
in funds
funds
£
£
£
Unrestricted funds
General fund
81,451
82,448
(18,290)
Restricted funds
Restricted Funds
433,256
(43,870)
18,290
TOTAL FUNDS
514,707
38,578
-
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
115,417
(32,969)
Restricted funds
Restricted Funds
430,997
(474,867)
TOTAL FUNDS
546,414
(507,836)
A current year 12 months and prior year 12 months combined position is as follows:
Net
Transfers
movement
between
At 1.9.20
in funds
funds
£
£
£
Unrestricted funds
General fund
81,451
68,524
(13,332)
Restricted funds
Restricted Funds
433,256
(136,976)
13,332
TOTAL FUNDS
514,707
(68,452)
-		 At
31.8.21
£
145,609
407,676
553,285
Movement
in funds
£
82,448
(43,870)
38,578

At
31.8.22
£
136,643
309,612
446,255

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Notes to the Financial Statements - continued for the Year Ended 31 August 2022

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
264,724
(196,200)
Restricted funds
Restricted Funds
781,351
(918,327)
TOTAL FUNDS
1,046,075
(1,114,527)		 Movement
in funds
£
68,524
(136,976)
(68,452)

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2022.

Page 28

Ykids

Detailed Statement of Financial Activities for the Year Ended 31 August 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Charitable Revenue Generated
Total incoming resources
EXPENDITURE
Charitable activities
Sundries
Salaries
Subscriptions
Artist & Performers
Community Events
Consumables
Equipment
K&Co Non Capital
K&Co Stock
Printing & Stationery
Publicity
Refreshments
Training
Travel
Trips
Other
Bank Charges
Cleaning
Accountancy
Depreciation
Carried forward		 31.8.22
£
29,235
352,282
381,517
118,144
499,661
21,525
352,615
1,037
25,202
13,385
30,295
8,362
4,353
10,082
1,659
4,617
4,824
7,770
3,957
5,642
495,325
1,683
2,391
5,255
51,779
61,108		 31.8.21
£
33,524
465,245
498,769
47,645
546,414
10,000
298,575
1,234
10,687
-
26,631
26,770
450
5,765
1,552
949
4,016
14,567
3,438
1,154
405,788
962
2,536
4,359
40,495
48,352

This page does not form part of the statutory financial statements

Page 29

Ykids

Detailed Statement of Financial Activities for the Year Ended 31 August 2022

Other
Brought forward
Equipment Lease
Fundraising Cost
Staff Health & Wellbeing
Staff Training
Other Staff Cost
Travel
Support costs
Management
Sundry Cost
Equip Non Cap
Marketing
Telephone
Postage and stationery
Professional Fees
Subscription & Membership
Information technology
Repairs and renewals
Other
Rent
Insurance
Gas & Electric
Water Rates
Other Premises Cost
Repairs & Maintenance
Total resources expended
Net (expenditure)/income		 31.8.22
£
61,108
2,750
2,434
1,727
1,743
1,657
1,644
73,063
844
431
188
1,567
2,139
6,462
757
12,388
3,363
2,313
3,925
12,343
2,305
276
1,390
22,552
606,691
(107,030)		 31.8.21
£
48,352
2,810
2,989
1,830
3,200
1,299
1,467
61,947
(101)
806
1,653
1,401
2,347
16,495
-
22,601
2,867
-
3,328
6,882
1,332
374
2,717
14,633
507,836
38,578

This page does not form part of the statutory financial statements

Page 30

Ykids

Contents of the Financial Statements for the Year Ended 31 August 2022

Page
Report of the Trustees 1 to 16
Independent Examiner's Report 17
Statement of Financial Activities 18
Balance Sheet 19 to 20
Notes to the Financial Statements 21 to 28
Detailed Statement of Financial Activities 29 to 30