**REGISTERED COMPANY NUMBER: 07150747 (England and Wales) REGISTERED CHARITY NUMBER: 1141530** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024** **FOR YKIDS** DH Business Support Limited Office 1, Brunswick House, Brunswick Way Liverpool Merseyside L3 4B **YKIDS** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|10| |**Independent Examiner's Report**||11|| |**Statement of Financial Activities**||12|| |**Balance Sheet**||13|| |**Notes to the Financial Statements**|14|to|19| |**Detailed Statement of Financial Activities**|20|to|21| **YKIDS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024** 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 31st August 2024. 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 2023-24 representing the achievements of Ykids over the past twelve months. 2024 marked our 20th birthday as a charity and 22 years working in Bootle and in that time we have seen many changes both for the better and the worse. While the sense of ownership, collaboration and a 'can do' attitude has replaced what was once a quite militant and angry community, a continued lack of investment and infrastructure has seen tangible physical decline. The last ten years have seen unprecedented change and challenge in the voluntary sector which are beyond our control, in a perfect storm of rising demand and decreasing resources which have made what are difficult circumstances even more extreme. From war, a pandemic, cost of living crisis, wage and tax rises, successive lack of political support, huge decreases in giving, particularly to small charities and the current trend of larger trusts, either spending out or pausing giving, mean that for many of us in the sector, just keeping going is a huge achievement. In addition to the geopolitical factors that affected all charities, Ykids has also seen challenges in the last year with our buildings. Extensive leaks and damage in our main centre due to poor workmanship of a previous (now defunct) builder has resulted in the need to replace the roof and rooflights, replaster and redecorate internally. Also, due to the demolition of part of the shopping centre, we had to move our Literacy project, Kingsley and Co, to a new location that needed full refurbishment. This on top of the usual jam-packed programme of activities, events, and support for our community. Our children and families were also impacted by the tragedy of the murder of three children in Southport and the subsequent civil unrest. Many of our children either knew one of the families or had some connection. Our communities, among the UK's 1% most deprived, continue to be disproportionately affected by circumstances beyond their control. - A child born in Bootle will live 10 years less than the national average and 20 years less than those born in affluent areas. - Literacy is in the bottom 6% in the UK, reducing children's life chances. - Bootle is considered one of the most dangerous places in the UK to grow up. - 84% of young people leaving secondary school fail to reach the national average for English and Maths. - Child poverty has actually increased by 17% over the last 5 years. There has never been more need for our work to bring hope, relieve poverty, raise aspirations, and enable young people to rise above their circumstances, believe in themselves and become world changers. This report outlines our aims and objectives as a charity and how we have sought to implement them despite the continuing challenges facing the sector, our charity, and our community. Page 1 **YKIDS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024** ## **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 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 whe re 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, confidence, and skills. - Feel a sense of safety and belonging with trusted adults they can turn to. - Engage in social action, volunteering, community events and have a voice for change. - Feel nurtured, valued and flourish. - Have greater aspirations for themselves and others resulting in community transformation. - Feel civic pride and community ownership. - Have greater opportunities in life and fulfil their potential. Ykids offers a variety of activities to turn these aims into reality, including: * **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 to generate 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, and support literacy through Kingsley and Co outreach programmes. * **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.' ## **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. Page 2 **YKIDS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024** ## **Celebrating 20 Years** From our early beginnings as a voluntary group delivering arts projects for children in the community and children's work at large Christian festivals, Ykids has become so much more. We have had four homes, set up two businesses, refurbished four empty and derelict buildings and brought them back into community use, set up a community garden and two region calendar events reaching thousands of children and young people. Over two hundred young people have been trained and gained work through our various apprenticeships, internships and other training programmes. As part of our 20-year celebrations we: - - Held a 20-year birthday party at our AGM including birthday cake and jelly and ice cream. - Produced a 20-year Impact report outlining all we had achieved. - Produced a book of twenty stories about people whose lives have been impacted by Ykids. - Held a Summer 20th Birthday party with food, circus skills, mobile zoo, Vikings, games, crafts, the police, and a Bootle Bake Off competition where we challenged the community to bake us a birthday cake. It was lovely to welcome back former Ykids members - many of whom have their own children now. ## **Other Highlights of 2023-24 included:** ## **The Bootle Children's Literary Festival - Fairy Tale, Myth and Legend** This exciting three-week event saw over five and a half thousand children participate in workshops and many more in community events. Highlights included: - Publishing a book of children's short stories. - A book launch with Frank Cottrell Boyce of the children's poems. - A giant paper mâché dragon decorating the mall of the shopping centre. - A three-day mediaeval festival with characters, stocks, catapult, indoor archery, sword in the stone, jesters, knights and much more. - A literary fair. - An interactive poetry fairy door trail in a local park. - A dragon trail. - Author workshops. - School visits. - A visit from the Wirral Vikings and an animatronic dragon. The event was hugely successful, and the full impact report of the event is available on request. ## **The Believe Awards** For 2024 the theme of the Believe Awards was History Makers. Having outgrown our previous venues, the event was held at the famous Titanic hotel. Nineteen young people received awards for their courage, bravery and selflessness at this steampunk themed event celebrating the hidden heroes of Merseyside. ## **Awards and recognition** In June 2024 we became the Liverpool Chamber of Commerce Charity of the Year. This is opening many doors to relationships with local business and has provided the opportunity to be the 2025 Southport Flower Show Charity of the year. And our founder and CEO also won the Merseyside Women of the Year Awards in the Community Impact category. Page 3 **YKIDS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024** ## **OBJECTIVES AND ACTIVITIES What we have delivered** In addition to special events, Ykids continues to deliver regular youth and children's projects and family support work. ## **Youth and Children's Work** We see 250 to 300 children and young people for multiple after school projects. Topics this year included: * Friday Footy * Boss Life * Ykids Juniors * Game On * The Hangout * The Panto Project - Christmas Cracker Crafts - Animal Magic - All Grown Up - Animate Venture - Here Comes The Sun * Ready Set Sport We also delivered multiple projects during school holidays from one off days, learning how to do special effect makeup, to day trips and outings. ## **Families** Our family support offer continues to include: * One to one support for families in crisis. - A community pantry serving over fifty families a week. - Calm and Create. - A book club to support parents' well-being and mental health. - Training opportunities including food safety cooking parenting confidence building and money management skills. We also delivered family activities during school holidays including a trip to Llandudno attended by over ninety people, a family scavenger hunt and one-off fun days. At Christmas, we were able to offer hampers to fifty families from our community pantry and over 200 families were supported through our toy pantry, enabling families on low incomes to access new toys for a small donation. ## **Wellbeing** We continue to support individuals in need through multiple one to one mentoring and well-being projects. This year we had the opportunity to work with an art therapist from Chester university. While the support she offered was extremely popular, as she was in training, some of the children who needed her support most were unable to access it due to the college rules. Ykids staff however continue to support these young people as best we can, many of whom are on CAHMS waiting lists and have been for a while. ## **Training** Training is an important part of what Ykids offers to our community. In addition to one off training sessions for families we also run an intern programme, and this year we had four young people interning with us full time with a view to becoming youth and children's workers. At the end of the year one young person went to do an additional 6-month placement in Australia, another went to full time Bible college, one became a TA in a special school and one was employed by Ykids to work at Kingsley and Co and support volunteers. All four grew in confidence and skills. ## **Enterprise** One of our biggest challenges this year was that Kingsley and Co, our Victorian explorer steampunk themed children's book shop had to move premises. The unit was given to us free of charge by Sefton council, but they were now redeveloping the shopping centre and our shop was due to be demolished. The council gave us a new premises which we were excited to see was in a prime location on the High Street. A former bank, the new unit gave us many more opportunities including opening in the evenings and is much larger than our previous premises. However, a great deal of work needed to be done to make it suitable. In January 24 we organised a human book chain to transport 15,000 books from the old unit to the new unit. Over three hundred people turned up to help and we were featured on many local news outlets including Granada reports. It then took ten months to refurbish the shop, but we had a huge amount of help from local businesses, funders and volunteers enabling us to transform a £250,000 refurbishment project with just £70,000. A full report on the refurbishment of Kingsley and Co and the impact it is having on children and families in the Bootle area is available on request. Page 4 **YKIDS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024** ## **OBJECTIVES AND ACTIVITIES** ## **Community** Unfortunately, due to moving premises and the refurbishment of Kingsley and Co we did not have the capacity to organise a large scale community event in the Strand this year, however we did run multiple Ykids projects and attend and support local festival's and community events with pop-up shops, children's work and workshop activities, Our CEO even did a Stand-up routine at the local comedy festival that was fundraising for us. ## **Education** We continue to work in partnership with local secondary school Kings Leadership Academy Hawthorns. We also partnered with forty-five primary schools through the Bootle Children's Literary Festival and welcomed many children to Kingsley and Co for workshops before it closed in December. While Kingsley was being refurbished, we took book clubs and workshops into schools. We are working with Cradle to Career a new regional project being launched in the Linacre ward to promote better outcomes for children and young people, in this, one of the UK's poorest communities. ## **Faith** Monday Night Live continues to be popular with 80 to 120 young people attending every month. Monday Night Live extra is a new group for young people who want to know more about faith and ask questions, whereas Equip is a group for young people who have come to faith and want to explore more. Both groups are popular and growing and young people enjoy being able to ask 'anything' with no judgement or condemnation. This year we have seen young people start their own band and many move into taking leadership responsibilities. We took a group of seventeen young people to Dream the Impossible a Christian festival in the summer led by the Vineyard churches. It was comparatively extremely expensive to take the young people on this trip because none of them had any camping equipment or could afford the fees. However, they all got involved in fund-raising and thanks to many donations from local churches and businesses all costs were covered, and the young people had a fantastic week. We also delivered a Christingle service and an Easter service for families with over 140 attending both with lots of fun, games, laughter, and chocolate and delivered training for young leaders and youth leaders. A full report on our faith work and its impact is also available on request. ## **Volunteers and Support** This year we have seen unprecedented support from local business and volunteers, from the donation of a complete kitchen and all equipment, to raising money by cycling from Ballam in London to Bootle over three days. We have been overwhelmed with people's generosity. It seems in the hardest places where people have least, they are more generous, and we are incredibly thankful for those who have made all that we have achieved this year possible. ## **Who Benefits from Ykids?** Ykids was set up to support children and families living in poverty. We recognise we cannot do effective community work everywhere and while we Deliver some work and training across the Merseyside region emphasis is in Bootle. 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. Over 40% of children in school are on free school meals. 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). 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. We are still 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. 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. Page 5 **YKIDS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024** ## **OBJECTIVES AND ACTIVITIES** ## **What's next?** During 2024-25 Ykids plans to deliver a range of activities to continue to support our community. these include: - Welcoming new interns to our intern programme. - The launch and opening of Kingsley and Co in its new location. - Completing the repairs to our building - new roof scheduled for Sept 2024. - The Believe Awards 2025 -at the famous Titanic Hotel with 'Hidden Treasure' as the theme. - Partnering with Cradle to Career to develop support and a long-term impact in Linacre Ward including the employment of two new family workers. - Having a garden at the Southport Flower Show. ## **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. ## **FINANCIAL REVIEW** ## **Financial review** The Trustees have examined the charity's requirements for reserves considering 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 2024-25 remains around £600,000 and therefore the target is £150,000 to £300,000 in general funds. While this is the Trustees intention, the present level of reserves fall significantly short of this target level. This is due to many circumstances facing the voluntary sector as outlined at the beginning of this report. We end the year however in a healthy 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, and remain vigilant on our spending and forecasting. ## **Principal funding sources** In 2017, Ykids set out a 5-year target to diversify our income and reduce our grant reliance. This was then reviewed in 2022 and extended to a 10-year target. In the last year we have seen an increase in grant funding and a decrease in service level agreements as a percentage of our income reflecting the challenging times, we are currently in. Our decrease in earned income from sales is due to the closure of the project for refurbishment. We have however, seen a significant increase in corporate giving. With our 10-year targets we aim to be increasingly less grant dependant and increase earned income, which would give us greater flexibility and sustainability in the future. |Type of|||||||2023-2|| |---|---|---|---|---|---|---|---|---| |income|2017-18|2018-19|2019-20|2020-21|2021-22|2022-23|4|10-year target (2027)| |Grants and||||||||| |Trusts|77%|70%|65%|72%|55%|62%|53%|30%| |Lottery|0%|1%|9%|5%|2%|0%|15%|2%| |Earned Income||||||||| |SLA's/||||||||| |Contracts|19%|10%|15%|14%|20%|11%|6%|10%| |Earned||||||||| |Income|2%|4%|5%|3%|11%|10%|7%|28%| |Donations||||||||| |Individual||||||||| |Giving|2%|5%|6%|5%|6%|10%|10%|15%| |Corporate||||||||| |Giving|0%|10%|0%|1%|6%|7%|9%|15%| Page 6 **YKIDS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024** ## **FINANCIAL REVIEW** ## **Managing Risk** Running a relatively small charity always has many associated risks. Most are associated with the financial climate and the need to bring in both restricted and unrestricted income to ensure the future legacy of the work. Ykids has a financial risk assessment and robust financial systems and procedures to ensure we always get best value for money and spend wisely. In addition, we have policies and procedures to protect our staff and to ensure our work is always to a good standard. All staff have access to paper and digital copies of these policies which are regularly updated. ## **Risks to the organisation include:** **Financial** - Funding is always a challenge and has become more so in the current climate. This is particularly difficult in a climate where there is growing demand and fewer resources. Funding success rates nationally have dropped to only 4%. Ykids success rate remained within 25-50% **Staffing** - We are only ever as good as our staff team. It is therefore important to us to continually invest in them and support them to ensure they are both happy and effective in their roles. However, while we can offer locally competitive salaries for work within the sector, we frequently find that staff whom we have trained to a high standard, move on to more lucrative employment with larger charities or agencies with whom we cannot compete. **Legislation** - We recognise new legislation could have an impact and could be a risk to the organisation. We are however a member of Locality and other national networks which enable us to stay ahead of the curve and anticipate, and if necessary, challenge new legislation. **Cost of living rises** - As the cost of living rises due to global circumstances there has been a considerable impact on our community and on our running costs, and demand is increa sing. **Capacity** - Over the last 3 years we have seen demand for our services increased threefold, however our income has not increased proportionately nor have our staffing levels. This can have an adverse effect on the organisation, staff, and community we serve. If this trend continues, we will have to turn children away - this is not a situation we wish to be in. ## **Mitigating risk** Ykids is mitigating against these risks in several ways. 1. Maintaining regular reviews of our financial position and forecast to ensure we have a long-term view of our accordingly. financial situation and can act 2. We set a target of writing £2 million worth of funding bids in the hope of securing £600k. We were successful in securing £1 million but over 10 years, including a 10-year commitment of £50k annually from the Steve Morgan Foundation, as we were given Associate Charity Status. 3. We regularly review all our policies and procedures and engage external support as and when necessary. 4. We have implemented Lamplight, a data management system to assist with data management and reporting. 5. We continue to support our team pastorally, review workload, and ensure they feel valued and listened to. We will continue to ensure they are well managed, feel their contribution is of value and see its impact. For those with any medical or other consideration we will make reasonable adjustments such as flexible working hours, and home working where possible to ensure a happy and effective workforce. 6. We build in 'rest weeks' to our annual programme so staff who have too many overtime hours accrued can take some time back. 7. We have increased staff wages and added benefits including Medicash to help with staff retention. 8. We continue to recruit and train new volunteers to support the work and to help with the delivery of our vision. 9. We are seeking additional funding to enable recruitment of new staff to help ease workload. 10. We remain connected with relevant networks and similar organisations to ensure we stay abreast of new challenges and developments and solutions that are offered. 11. We are vigilant regarding what services we are able to deliver, and should it become necessary will adapt again to circumstances, cutting or changing services to ensure we are still around for the long haul. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** 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. Page 7 **YKIDS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Board of Trustees** We have an excellent board of active Trustees comprising of: - Dr Jaime Craig - (Chair) consultant clinical psychologist specialising in children and families and child and adolescent mental health. - Mr Roy Coleman - retired with a background in insurance and HR. - Mr Kevin Thomas - HR and financial manager at Gatehouse Bank. - Mr Steve Matthews - local planning manager at Sefton Council. - Mr Peter Morgan - businessman, finance expert, part of St James Place Wealth Management. - Mrs Andrea Parry - retired former Finance Officer. * Mrs Tanya Edwards - a former young member of Ykids with lived experience of the community. Tanya has just graduated as an Environmental health Officer. 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. ## **Staffing** New staff appointed this year include: - Hamish Cook - New finance Officer - Matt Roughley - community Fund raiser ## **Staff leaving** : Beth our Finance officer took a year's maternity leave and hopes to return part time to do administration. Louisa our community fund raiser moved on to work for another, larger charity. 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:** - Claire Morgans - CEO - Neil Hayes - Operations Manager - Liz Jones - Kingsley and Co Manager ## **Project Leads** - Anne Woodruff - Family Worker - Hamish Cook - Finance Officer - Luke Meehan - Christian Youth and Children's Worker - Rachel Power - marketing manager - Matt Roughley - Community Fund raiser 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 your investment, encouragement, and support, This year Ykids produced a 20-year impact report which shared our journey, what has been achieved and the difference that has been made. We also produced a book of stories featuring 20 people whose lives have been changed as a result of our work. Both are available on our website. www.ykids.co.uk or copies can be requested by contacting the Ykids office. 0151 944 2111 Page 8 **YKIDS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Funders List** 23 Foundation Axis Foundation Cargill plc Garfield Weston Foundation John Moores Foundation Lancaster Foundation Living Well Sefton Locality One Vision Housing Community Fund Orsted Burbo Bank Extension Fund Peel Ports Post Code Lottery Price Parry Charitable Trust Sefton Early Intervention and Prevention Skipton Building Society Sydney Black Charitable Trust The Beatrice Laing Trust The Benefact Trust The Charles Brotherton Trust The Clothworkers Foundation The DWF Foundation The E L Rathbone Charitable Trust The Eleanor Rathbone Charitable Trust The Four Acre Trust The Fredmill Trust The Hemby Trust The John Rayner Charitable Trust The PH Holt Foundation The Rank Foundation The Siobhan Dowd Trust The Steve Morgan Foundation Trusthouse Charitable Foundation Vola Consortium Warwick Development NW Ltd **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 07150747 (England and Wales) ## **Registered Charity number** 1141530 ## **Registered office** 98A Linacre Lane Bootle Merseyside L206ES ## **Trustees** Dr J Craig (Chair) consultant clinicla psychologist ## **Company Secretary** Page 9 **YKIDS** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024** ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Independent Examiner** DH Business Support Limited Office 1, Brunswick House, Brunswick Way Liverpool Merseyside L3 4B Approved by order of the board of trustees on ............................................. and signed on its behalf by: 28th April 2025 ............................................................................................. Dr J Craig - Trustee Page 10 **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 31st August 2024. ## **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 member of the Institute of Chartered Accountants in Ireland, 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 4B Date: ............................................. 28 Apr 2025 Page 11 **YKIDS** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024** |||||**2024**|2023| |---|---|---|---|---|---| |||Unrestricted|Restricted|**Total**|Total| |||fund|fund|**funds**|funds| ||Notes|£|£|**£**|£| |**INCOME AND ENDOWMENTS FROM**|||||| |Donations and legacies||**213,101**|**204,770**|**417,871**|354,588| |Other trading activities|2|**129,294**|**-**|**129,294**|137,691| |**Total**||**342,395**|**204,770**|**547,165**|492,279| |**EXPENDITURE ON**|||||| |**Charitable activities**|||||| |Main Activity||**281,722**|**267,767**|**549,489**|507,249| |Other||**68,034**|**25,051**|**93,085**|53,981| |**Total**||**349,756**|**292,818**|**642,574**|561,230| |**NET INCOME/(EXPENDITURE)**||**(7,361)**|**(88,048)**|**(95,409)**|(68,951)| |**RECONCILIATION OF FUNDS**|||||| |Total funds brought forward||**61,320**|**315,984**|**377,304**|446,255| |**TOTAL FUNDS CARRIED FORWARD**||**53,959**|**227,936**|**281,895**|377,304| The notes form part of these financial statements Page 12 **YKIDS** ## **BALANCE SHEET 31ST AUGUST 2024** |Unrestricted
Restricted
fund
fund
Notes
£
£
**FIXED ASSETS**
Tangible assets
6
**-**
**206,059**
Social investments
7
**1**
**-**
**1**
**206,059**
**CURRENT ASSETS**
Debtors
8
**6,677**
**5**
Cash at bank and in hand
**48,734**
**31,982**
**55,411**
**31,987**
**CREDITORS**
Amounts falling due within one year
9
**(1,453)**
**(10,110)**
**NET CURRENT ASSETS**
**53,958**
**21,877**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**53,959**
**227,936**
**NET ASSETS**
**53,959**
**227,936**
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2024**
**Total**
**funds**
**£**
**206,059**
**1**
**206,060**
**6,682**
**80,716**
**87,398**
**(11,563)**
**75,835**
**281,895**
**281,895**
**53,959**
**227,936**
**281,895**|2023
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| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. 28th April 2025 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. J Craig - Trustee Type text here The notes form part of these financial statements Page 13 **YKIDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024** ## **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** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |Long leasehold|-|4% on cost| |---|---|---| |Plant and machinery|-|25% on cost| |Fixtures and fittings|-|33% on cost| |Motor vehicles|-|14% on cost| |Computer equipment|-|33% on cost| ## **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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2.** ## **3.** ## **OTHER TRADING ACTIVITIES** |Charitable Revenue Generated
**NET INCOME/(EXPENDITURE)**|**2024**
**£**
**129,294**|2023
£
137,691| |---|---|---| |||| Net income/(expenditure) is stated after charging/(crediting): ||**2024**|2023| |---|---|---| ||**£**|£| |Depreciation - owned assets|**19,333**|30,529| continued... Page 14 **YKIDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024** ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st August 2024 nor for the year ended 31st August 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st August 2024 nor for the year ended 31st August 2023. ## **5.** ## **COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
Restricted
fund
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
75,512
279,076
Other trading activities
57,622
80,069
**Total**
133,134
359,145
**EXPENDITURE ON**
**Charitable activities**
Main Activity
191,259
315,990
Other
17,198
36,783
**Total**
208,457
352,773
**NET INCOME/(EXPENDITURE)**
(75,323)
6,372
**RECONCILIATION OF FUNDS**
Total funds brought forward
136,643
309,612
**TOTAL FUNDS CARRIED FORWARD**
61,320
315,984|Total
funds
£
354,588
137,691
492,279
507,249
53,981
561,230
(68,951)
446,255
377,304| |---|---| Page 15 continued... **YKIDS** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024** ## **6. TANGIBLE FIXED ASSETS** |**TANGIBLE FIXED ASSETS**|||| |---|---|---|---| ||||Fixtures| ||Long|Plant and|and| ||leasehold|machinery|fittings| ||£|£|£| |**Cost**|||| |At 1st September 2023|**283,123**|**4,500**|**32,410**| |Additions|**-**|**-**|**2,241**| |At 31st August 2024|**283,123**|**4,500**|**34,651**| |**Depreciation**|||| |At 1st September 2023|**67,809**|**4,489**|**31,478**| |Charge for year|**11,325**|**11**|**1,241**| |At 31st August 2024|**79,134**|**4,500**|**32,719**| |**Net book value**|||| |At 31st August 2024|**203,989**|**-**|**1,932**| |At 31st August 2023|215,314|11|932| ||Motor|Computer|| ||vehicles|equipment|Totals| ||£|£|£| |**Cost**|||| |At 1st September 2023|**48,256**|**54,310**|**422,599**| |Additions|**-**|**-**|**2,241**| |At 31st August 2024|**48,256**|**54,310**|**424,840**| |**Depreciation**|||| |At 1st September 2023|**41,362**|**54,310**|**199,448**| |Charge for year|**6,756**|**-**|**19,333**| |At 31st August 2024|**48,118**|**54,310**|**218,781**| |**Net book value**|||| |At 31st August 2024|**138**|**-**|**206,059**| |At 31st August 2023|6,894|-|223,151| Page 16 continued... **YKIDS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024** ## **7. SOCIAL INVESTMENTS** |**Market value**
At 1st September 2023 and 31st August 2024
**Net book value**
At 31st August 2024
At 31st August 2023
**8.**
**DEBTORS**
**2024**
**£**
Amounts falling due within one year:
Trade debtors
**775**
Other debtors
**5,907**
**6,682**
Amounts falling due after more than one year:
NorthPerk- Inter Comp Loan
**-**
Aggregate amounts
**6,682**
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2024**
**£**
Trade creditors
**5,699**
Social security and other taxes
**5,407**
Pension
**457**
Error/Refunds
**-**
**11,563**
**10.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.9.23
in funds
£
£
**Unrestricted funds**
General fund
**61,320**
**(7,361)**
**Restricted funds**
Restricted fund
**315,984**
**(88,048)**
**TOTAL FUNDS**
**377,304**
**(95,409)**|Other
investments
£
**1**
**1**
1
2023
£
2,525
639
3,164
39,204
42,368
2023
£
2,046
5,301
1,597
42
8,986
At
31.8.24
£
**53,959**
**227,936**
**281,895**| |---|---| continued... Page 17 **YKIDS** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024** ## **10. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|**342,395**|**(349,756)**|**(7,361)**| |**Restricted funds**|||| |Restricted fund|**204,770**|**(292,818)**|**(88,048)**| |**TOTAL FUNDS**|**547,165**|**(642,574)**|**(95,409)**| |**Comparatives for movement in funds**|||| |||Net|| |||movement|At| ||At 1.9.22|in funds|31.8.23| ||£|£|£| |**Unrestricted funds**|||| |General fund|136,643|(75,323)|61,320| |**Restricted funds**|||| |Restricted fund|309,612|6,372|315,984| |**TOTAL FUNDS**|446,255|(68,951)|377,304| |Comparative net movement in funds, included in the above are as follows:|||| ||Incoming|Resources|Movement| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|133,134|(208,457)|(75,323)| |**Restricted funds**|||| |Restricted fund|359,145|(352,773)|6,372| |**TOTAL FUNDS**|492,279|(561,230)|(68,951)| continued... Page 18 **YKIDS** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST AUGUST 2024** ## **10. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |||Net|| |---|---|---|---| |||movement|At| ||At 1.9.22|in funds|31.8.24| ||£|£|£| |**Unrestricted funds**|||| |General fund|136,643|(82,684)|53,959| |**Restricted funds**|||| |Restricted fund|309,612|(81,676)|227,936| |**TOTAL FUNDS**|446,255|(164,360)|281,895| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ||Incoming|Resources|Movement| |---|---|---|---| ||resources|expended|in funds| ||£|£|£| |**Unrestricted funds**|||| |General fund|475,529|(558,213)|(82,684)| |**Restricted funds**|||| |Restricted fund|563,915|(645,591)|(81,676)| |**TOTAL FUNDS**|1,039,444|(1,203,804 )|(164,360)| ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st August 2024. Page 19 **YKIDS** **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024** ||2024|2023| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Gifts|**-**|3| |Donations|**74,455**|44,777| |Grants|**343,416**|309,808| ||**417,871**|354,588| |**Other trading activities**||| |Charitable Revenue Generated|**129,294**|137,691| |**Total incoming resources**|**547,165**|492,279| |**EXPENDITURE**||| |**Charitable activities**||| |Sundries|**712**|12,537| |Salaries|**352,716**|359,258| |Subscriptions|**829**|560| |Artist & Performers|**23,753**|9,968| |Community Events|**14,614**|11,242| |Consumables|**25,354**|21,338| |Equipment|**4,033**|7,850| |K&Co Non Capital|**1,208**|1,028| |K&Co Stock|**3,441**|10,347| |Printing & Stationery|**6,591**|5,248| |Publicity|**1,321**|2,078| |Refreshments|**2,930**|4,081| |Training|**13,882**|5,499| |Travel|**1,542**|3,729| |Trips|**5,576**|9,441| ||**458,502**|464,204| |**Other**||| |Bank Charges|**1,507**|1,795| |Cleaning|**3,017**|3,002| |Accountancy|**5,952**|5,063| |Depreciation|**19,332**|30,529| |Equipment lease|**1,182**|3,126| |Fundraising Cost|**10,955**|1,416| |Staff Health & Wellbeing|**3,544**|2,895| |Staff Training|**3,000**|3,923| |Other Staff Cost|**4,054**|975| |Travel|**1,338**|1,257| ||**53,881**|53,981| ## **Support costs** This page does not form part of the statutory financial statements Page 20 **YKIDS** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2024** ||2024|2023| |---|---|---| ||£|£| |**Support costs**||| |**Management**||| |Equip Non Cap|**10,720**|1,004| |Marketing|**532**|4,525| |Telephone|**1,420**|1,611| |Postage and stationery|**1,104**|985| |Professional fees|**19,166**|2,446| |Subscription & Membership|**6,788**|697| ||**39,730**|11,268| |**Information technology**||| |Repairs and renewals|**2,723**|2,605| |**Other**||| |Rent|**1,298**|3,600| |Insurance|**11,758**|5,142| |Gas & Electric|**10,327**|14,809| |Water Rates|**3,475**|1,842| |Other Premises Cost|**(723)**|979| |Repairs & Maintenance|**22,399**|2,800| ||**48,534**|29,172| |**Other 2**||| |Bad debts|**39,204**|-| |Total resources expended|**642,574**|561,230| |**Net expenditure**|**(95,409)**|(68,951)| This page does not form part of the statutory financial statements Page 21