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2023-08-31-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 2023

for Ykids

DH Business Support Limited Office 1, Brunswick House, Brunswick Way Liverpool Merseyside L3 4BN

Ykids

Report of the Trustees for the Year Ended 31 August 2023

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 2023. 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).

It is with great pleasure we present the Annual Report for 2022-23 representing the achievements of Ykids over the past twelve months.

2022-23 has been another year of unprecedented challenge for the charity sector with rising costs, hugely increased demands and ever decreasing funding resources. This puts huge pressure on charities, especially small charities such as Ykids which do not have large teams of back-office support staff. We do however have a hard working, dedicated team who adapt, always making best use of what we do have to make a difference in our community. Without their hard work and passion for young people and families we serve, we could never have achieved all that we have over the last 12 months.

Our communities, are among the UK’s 1% most deprived, continue to be disproportionately affected by circumstances beyond their control.

It is time for change and Ykids are determined to help to bring about that change, bringing hope, purpose and a sense of worth to our communities.

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.

Ykids also produces a full impact report each year which outlines what we have achieved and the difference that has been made. We continually monitor and evaluate our services, collect video, photographic evidence and case studies, and consult our community to ensure we continue to meet need. This is available on our website www.ykids.co.uk or can be requested by contacted the Ykids office. 0151 9442111

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Ykids

Report of the Trustees for the Year Ended 31 August 2023

OBJECTIVES AND ACTIVITIES

Objectives and aims

Ykids Aims and Objectives

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:

• Have increased emotional resilience.

• Youth & Children –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 –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 –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.

• 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.

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Ykids

Report of the Trustees for the Year Ended 31 August 2023

Faith – Ykids has a Christian ethos and therefore some of our work is with local churches. We work in partnership with all denominations, 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 2023

OBJECTIVES AND ACTIVITIES 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 cooking, animation, puppetry, art, sport, mental health, life skills, enterprise and much more. 430 young people attended projects throughout the year. Demand for places on groups has risen so much that we have doubled group sizes to accommodate as many children as possible but are now at capacity due to lack of funding for additional staff. We continue to face the challenge of constant referrals from different agencies with no additional funds to support additional and often challenging young people.

Families

Our family support continued with the community pantry and saw an increase in families needing support, moving from 40 to 50 families being on our membership. We also gained funding from Cargill plc 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 delivered a parenting training course, cooking on a budget, and budgeting courses and welcomed various external organisations supporting families with employment, mental health, empowerment and energy saving.

Our Virtual walk with the Conqueror Challenges remain popular and we deliver another two challenges with over 50 participants. Feedback showed that in addition to supporting people to be active, it also improved mental health and built friendships as families met together to complete the challenge. Book club continues to be popular, and this year included visits from authors and some crime solving with an interactive murder mystery game.

We also received 100 free tickets to Chester Zoo which enabled us to make two wonderful trips with families and volunteers. We also delivered a Christmas club, similar to our community pantry giving parents access to low-cost quality toys and helping them avoid the temptation to go into debt or use the services of loan sharks.

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 – our teen Giant Slayers Book was completed and released and will feature as a free gift at an up-and-coming National Literacy Trust Conference.

Calm and create parent drop in moved to a different day and while numbers dropped, it was more effective in supporting wellbeing without the hustle and bustle of the pantry, and participants showed a marked improvement.

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.

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Ykids

Report of the Trustees for the Year Ended 31 August 2023

OBJECTIVES AND ACTIVITIES

One member of staff completed an apprenticeship in fund raising and another began a placement with Rank Foundation Aspire Programme, and another continued her placement on the Rank Foundation Profit for Good social trading programme.

Enterprise

Kingsley and Co, our steam punk Victorian Explorer bookshop has grown significantly and developed a regular clientele and begun to develop a customer base of schools. While income remains low due to location and the closing of many of the shops in the lower mall to make way for demolition. We have been given notice to move by Jan 2024 but will be in place for Christmas and the 4th Bootle Children’s Literary Festival in November 2024. We have been given a new property in prime location but need to refurbish the building before being able to move in.

Despite huge upheavals we have continued to deliver free workshops for children and families eery weekend, and during school holidays attracting thousands of visitors. We have also grown a large Story and Rhyme group for parent and toddlers and delivered a range of after school projects. We also employed an Artist/author in Residence who has helped us develop a huge range of activities from illustration workshops and author visits to schools’ programmes and after school clubs.

In preparation for the Bootle Children’s Literary Festival, we also ran a short story competition which saw over 30 schools engage, with a book being published in time for the November festival. We also delivered:

Monster Bash – a free monster themed week of activities in the Strand shopping centre including cookie monster trail, crafts, dress up competitions and silent disco.

The Grinch Experience - where 1200 children came to meet the Grinch and Cindylou

Duck Fest – a 3-day event over the Easter holidays with all things duck! From hook a duck, racing ducks and duck shooting (with nerf guns) to storytelling and crafts.

Eurovision – with Eurovision visiting the city, Kingsley joined in the fun with Karaoke and dressing up. Neurodiversity week – celebrating our wonderful brains and the way they work. We offered books for all abilities, workshops with authors and an art installation of colourful umbrellas celebrating the ADHD foundation and its work.

Summer Programme –a five-week programme offering free activities to children and families promoting a love of literacy and learning with events including a teddy bear’s picnic. Bear hunt, circus skills, storytelling, workshops, author visits, illustration workshops, craft and a two-day pirate fest. Over 1000 people attended the events and monitoring showed that 65% of children were on free school meals evidencing we were reaching our target audience.

Community

Every year Ykids run a number of events aimed at children and families and the wider community, this year many we cantered most of our community activities around Kingsley and Co as we had access to the free venue of the Shopping centre.

The Believe Awards – a regional event celebrating 10 remarkable young heroes. This year it was based at the Isla Gladstone and the theme was Camelot, featuring jugglers, knights a harpist, and a fire performance. Each award centred around the code of Chivalry and 170 guests celebrated the young people’s achievements.

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Ykids

Report of the Trustees for the Year Ended 31 August 2023

OBJECTIVES AND ACTIVITIES

Education

We continue to work in both primary and secondary schools offering activities and events that support the curriculum including a wide range of workshops. We deliver mentoring in a local secondary school and offer support on trips and activities.

Faith

Monday Night Live, our Christian youth event, has grown in size with a regular attendance of 80 – 100 young people mostly form a local secondary school. From this we have started two groups for young people who wish to explore faith further.

We took 17 young people to a summer residential conference ‘Dream the Impossible’. For most of them this was their first camping and conference experience, but everyone came back excited and engaged.

We continue to deliver assemblies and workshops in schools and support 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 partnership with the Kings Church in Thornton, taking on the employment and support of a part time children’s worker. Their youth and children’s work continues to grow and develop, and new outreach projects take place in the community.

This year we also began a termly prayer breakfast to bring people together across the town to share breakfast, network and have the opportunity to share the work they deliver.

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Ykids

Report of the Trustees for the Year Ended 31 August 2023

OBJECTIVES AND ACTIVITIES

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.

We are committed to early intervention and long-term support offering stability in sometimes chaotic lives.

We aim to build a nurturing environment and a sense of belonging for all participants, encouraging volunteering and giving back, and working with people rather than doing services to them. We aim to build community, family and self-worth empowering children and their families to achieve and succeed in life.

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 there is significant deprivation, persistent disadvantage and low social mobility. The area ranks in the highest 1% for deprivation in health, employment, income, education and skills in the UK (ONS, 2021).

The biggest issue affecting children who access Ykids is poverty. Bootle has seen a 17% increase in child poverty over the past five years, with 1 in 6 under-16s living in poverty. Poverty has a pervasive impact on children's physical and mental well-being, aspirations and life prospects (Sefton Council, 2022). Life expectancy is 10 years less here than the national average and 20 years less than in more affluent areas. A high proportion of impoverished children have special educational needs, behavioural problems and mental health issues. It is significantly concerning that Child and Adolescent Mental Health Services (CAMHS) can only handle severe cases, leaving those with warning signs of poor mental health unattended (Sefton Council, 2022). With CAMHS overburdened, we face a tsunami of demand and more challenging young people referred to us. Poverty, low attainment and hopelessness drive young people into a subculture of gangs, violence and crime. In 2023, the crime rate in Bootle was 195% higher than the rest of the Northwest and 96% higher than the national average (Crime Rate, 2023).

Bootle’s literacy rates are in the bottom 6% nationally, and 84% leave school without achieving the national standard in English and mathematics.

For these young people, it is sadly not difficult to see the relevance of studies like those undertaken by Toogood et al. (2020), which revealed how children who attend school in deprived areas have chronic confidence issues; feel helpless and hopeless about their education and job prospects; and have lower career aspirations.

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Ykids

Report of the Trustees for the Year Ended 31 August 2023

OBJECTIVES AND ACTIVITIES

We are also seeing the impact of COVID-19, the cost-of-living crisis, the Ukraine war and the Israel/Palestine war on young people’s mental health. Our regular monitoring shows that aspirations have significantly dropped - 60% of CYP have less understanding of what they want life to look like now compared to a year ago, and 62% of CYP are more likely to participate in harmful behaviours. Upon the outbreak of war in Ukraine, one 17-year-old took a youth leader aside and asked, ‘ will I get called up? ’, genuinely frightened.

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.

ACHIEVEMENT AND PERFORMANCE STATS Ykids Delivery - Sept 2022 to Aug 2023

How our activities deliver public benefit

Our main activities and who we help are described above. All our charitable activities focus on enhancing the lives of children and young people, promoting self-esteem, positive mindsets, mental wellbeing, health, emotional resilience, skills, employment and raising aspirations and are undertaken to further our charitable purposes for the public benefit.

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Ykids

Report of the Trustees for the Year Ended 31 August 2023

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 2023-24 remains around £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

In 2017, Ykids set out a 5-year target to diversify our income and reduce our grant reliance. In the last year we have seen an increase in grant funding and a decrease in earned income and service level agreements as a percentage of our income reflecting the challenging times, we are currently in. We have however, seen a significant increase in individual giving and corporate giving. We have set new 10-year targets as we aim to be increasingly less grant dependant and increase earned income which would give us greater flexibility and sustainability in the future.

5-Year 10-Year
Type of 2017- 2018- 2019 2020- 2021-2 2022-2 Target Target
Income 18 19 -20 21 2 3 (2022) (2027)
Grants &
Trusts 77% 70% 65% 72% 55% 62% 40% 30%
Lottery 0% 1% 9% 5% 2% 0% 0% 2%
Earned Income
SLA's/Contract
s 19% 10% 15% 14% 20% 11% 20% 15%
Earned Income 2% 4$ 5% 3% 11% 10% 20% 25%
Donations
Individuals
Giving 2% 5% 6% 5% 6% 10% 10% 13%
Corporate
Giving 0% 10% 0% 1% 6% 7% 10% 15%

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Ykids

Report of the Trustees for the Year Ended 31 August 2023

WHAT'S NEXT?

During 2023-24 Ykids plans to deliver a range of activities to continue to support 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.

Board of Trustees

We have an excellent board of active Trustees comprising of:

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Ykids

for the Year Ended 31 August 2023

Report of the Trustees

STRUCTURE, GOVERNANCE AND MANAGEMENT

Staffing

New staff appointed this year include:

Staff leaving:

We said goodbye to Darran Draper our Deputy CEO who moved on to an exciting new venture in charge of a large-scale project across the Northwest.

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 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Funders List The 29th May 1961 Charitable Trust Awards for All Awesome Foundation The Benefact Trust Cargill plc Children in Need Chester Zoo The Charles Brotherton Trust The E L Rathbone Charitable Trust The Eleanor Rathbone Charitable Trust Ellandi Enid Slater The Four Acre Trust Holiday Activity Fund The Fredmill Trust The Hemby Trust John Lewis Living Well Sefton Locality The PH Holt Foundation Mark’s and Spencer Marsh Christian Trust Nathaniel Rayner One Vision Housing Community Fund Orsted Burbo Bank Extension Fund Peel Ports The Proven family Trust Sefton Early Intervention and Prevention The Beatrice Laing Trust

The Granada Foundation The Henry Smith Charity The Ironmongers’ Company The Liverpool One Foundation The Rank Foundation The Siobhan Dowd Trust The Slavanka Trust Sported The Steve Morgan Foundation The Tudor Trust Trusthouse Charitable Foundation The Betty Lawes Foundation The Charles and Edna Broadhurst Charitable Trust The Leathersellers Charity The John Rayner Charitable Trust The Toyota Community Fund

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Ykids

Report of the Trustees for the Year Ended 31 August 2023

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

Independent Examiner

David Hassall FMAAT DH Business Support Limited Office 1, Brunswick House, Brunswick Way Liverpool Merseyside L3 4BN

27/03/24

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

Dr Jaime Craig ............................................................Chair of trustees Trustee

Page 13

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 2023.

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.

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Independent Examiner's Report to the Trustees of Ykids

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 DH Business Support Limited Office 1, Brunswick House, Brunswick Way Liverpool Merseyside L3 4BN Date: .............................................

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Ykids

Statement of Financial Activities for the Year Ended 31 August 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
75,512
Other trading activities
2
57,622
Total
133,134
EXPENDITURE ON
Charitable activities
Main Activity
191,259
Other
17,198
Total
208,457
NET INCOME/(EXPENDITURE)
(75,323)
RECONCILIATION OF FUNDS
Total funds brought forward
136,643
TOTAL FUNDS CARRIED FORWARD
61,320		 Restricted
fund
£
279,076
80,069
359,145
315,990
36,783
352,773
6,372
309,612
315,984		 31.8.23
Total
funds
£
354,588
137,691
492,279
507,249
53,981
561,230
(68,951)
446,255
377,304		 31.8.22
Total
funds
£
381,517
118,144
499,661
533,628
73,063
606,691
(107,030)
553,285
446,255

The notes form part of these financial statements

Page 16

Ykids

Balance Sheet 31 August 2023

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
6
284
Social investments
7
1
285
CURRENT ASSETS
Debtors
8
42,368
Cash at bank and in hand
20,113
62,481
CREDITORS
Amounts falling due within one year
9
(1,446)
NET CURRENT ASSETS
61,035
TOTAL ASSETS LESS CURRENT
LIABILITIES
61,320
NET ASSETS
61,320
FUNDS
10
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
222,867
-
222,867
-
100,657
100,657
(7,540)
93,117
315,984
315,984		 31.8.23
Total
funds
£
223,151
1
223,152
42,368
120,770
163,138
(8,986)
154,152
377,304
377,304
61,320
315,984
377,304		 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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

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continued...

Ykids

Balance Sheet - continued 31 August 2023

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 ............................................. and were signed on its behalf by: 27/03/24

Dr Jaime Craig .............................................Chair of trustees Trustee

The notes form part of these financial statements

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Ykids

Notes to the Financial Statements for the Year Ended 31 August 2023

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

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.

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.

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continued...

Ykids

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

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		 31.8.23
£
137,691
31.8.23
£
30,529		 31.8.22
£
118,144
31.8.22
£
35,034

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
52,057
Other trading activities
97,250
Total
149,307
EXPENDITURE ON
Charitable activities
Main Activity
155,441
Other
7,790		 Restricted
fund
£
329,460
20,894
350,354
378,187
65,273		 Total
funds
£
381,517
118,144
499,661
533,628
73,063

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continued...

Ykids

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
fund
fund
£
£
Total
163,231
443,460
NET INCOME/(EXPENDITURE)
(13,924)
(93,106)
Transfers between funds
4,958
(4,958)
Net movement in funds
(8,966)
(98,064)
RECONCILIATION OF FUNDS
Total funds brought forward
145,609
407,676
TOTAL FUNDS CARRIED FORWARD
136,643
309,612
6.
TANGIBLE FIXED ASSETS
Long
Plant and
leasehold
machinery
£
£
COST
At 1 September 2022 and
31 August 2023
283,123
4,500
DEPRECIATION
At 1 September 2022
55,723
4,467
Charge for year
12,086
22
At 31 August 2023
67,809
4,489
NET BOOK VALUE
At 31 August 2023
215,314
11
At 31 August 2022
227,400
33
Total
funds
£
606,691
(107,030)
-
(107,030)
553,285
446,255
Fixtures
and
fittings
£
32,410
28,143
3,335
31,478
932
4,267

Page 21

continued...

Ykids

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

6. TANGIBLE FIXED ASSETS - continued

COST
At 1 September 2022 and
31 August 2023
DEPRECIATION
At 1 September 2022
Charge for year
At 31 August 2023
NET BOOK VALUE
At 31 August 2023
At 31 August 2022
7.
SOCIAL INVESTMENTS
MARKET VALUE
At 1 September 2022 and
31 August 2023
NET BOOK VALUE
At 31 August 2023
At 31 August 2022
8.
DEBTORS
Amounts falling due within one year:
Trade debtors
Other debtors		 Motor
vehicles
£
48,256
34,468
6,894
41,362
6,894
13,788		 Computer
equipment
£
54,310
46,118
8,192
54,310
-
8,192
31.8.23
£
2,525
639
3,164		 Totals
£
422,599
168,919
30,529
199,448
223,151
253,680
Other
investment
£
1
1
1
31.8.22
£
1,041
20
1,061

Page 22

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Notes to the Financial Statements - continued for the Year Ended 31 August 2023

8.
DEBTORS - continued
Amounts falling due after more than one year:
NorthPerk- Inter Comp Loan
Aggregate amounts
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
Trade creditors
Social security and other taxes
Pension
Error/Refunds
10.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 YEAR
At 1.9.22
£
136,643
309,612
446,255		 31.8.23
£
39,204
42,368
31.8.23
£
2,046
5,301
1,597
42
8,986
Net
movement
in funds
£
(75,323)
6,372
(68,951)		 31.8.22
£
54,204
55,265
31.8.22
£
2,058
6,046
1,399
-
9,503
At
31.8.23
£
61,320
315,984
377,304

Page 23

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Ykids

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
133,134
(208,457)
Restricted funds
Restricted Funds
359,145
(352,773)
TOTAL FUNDS
492,279
(561,230)
Comparatives for movement in funds
Net
Transfers
movement
between
At 1.9.21
in funds
funds
£
£
£
Unrestricted funds
General fund
145,609
(13,924)
4,958
Restricted funds
Restricted Funds
407,676
(93,106)
(4,958)
TOTAL FUNDS
553,285
(107,030)
-
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
149,307
(163,231)
Restricted funds
Restricted Funds
350,354
(443,460)
TOTAL FUNDS
499,661
(606,691)		 Movement
in funds
£
(75,323)
6,372
(68,951)
At
31.8.22
£
136,643
309,612
446,255
Movement
in funds
£
(13,924)
(93,106)
(107,030)

Page 24

continued...

Ykids

Notes to the Financial Statements - continued for the Year Ended 31 August 2023

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 At 1.9.21
£
145,609
407,676
553,285		 Net
movement
in funds
£
(89,247)
(86,734)
(175,981)		 Transfers
between
funds
£
4,958
(4,958)
-		 At
31.8.23
£
61,320
315,984
377,304

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

Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
282,441
(371,688)
709,499
(796,233)
991,940
(1,167,921)		 Movement
in funds
£
(89,247)
(86,734)
(175,981)

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2023.

Page 25

Ykids

Detailed Statement of Financial Activities for the Year Ended 31 August 2023

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		 31.8.23
£
44,777
309,811
354,588
137,691
492,279
12,537
359,258
560
9,968
11,242
21,338
7,850
1,028
10,347
5,248
2,078
4,081
5,499
3,729
9,441
464,204
1,795
3,002
5,063
30,529
40,389		 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

This page does not form part of the statutory financial statements

Page 26

Ykids

Detailed Statement of Financial Activities for the Year Ended 31 August 2023

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		 31.8.23
£
40,389
3,126
1,416
2,895
3,923
975
1,257
53,981
-
1,004
4,525
1,611
985
2,446
697
11,268
2,605
3,600
5,142
14,809
1,842
979
2,800
29,172
561,230
(68,951)		 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)

This page does not form part of the statutory financial statements

Page 27

Ykids

Contents of the Financial Statements for the Year Ended 31 August 2023

Page
Report of the Trustees 1 to 13
Independent Examiner's Report 14 to 15
Statement of Financial Activities 16
Balance Sheet 17 to 18
Notes to the Financial Statements 19 to 25
Detailed Statement of Financial Activities 26 to 27