YOUTH FEDERATION LIMITED TftUSTEes' REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charlty number 1143231 Company number 07604916 YOUTH FEDERAnoN LIAfjITED CONTENTS FOR THE YEAR ENDED 81 MARCH 2024 Page Charlty InfomiaJon Chalrman's R8POrt Trustees, Report 3-13 Independent Audltorfs R￿ort ConBoildatsd Statement of Flnan¢l81 A¢lfvlffjos 17 CompaHllvo Consolldaled Ststwnenl ol Flnan¢lal Act[￿lIeS Consolld•t¢d and Charlty Balan￿ Sh¢ots 19 Consolldatgd Slatsment of Casb Flows. Notes tolhe Consolldat•d Flnanda Statements 21-41 YOUTH FEDERATION LIMITED CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES The Trustees are also the drectors ofth¥ ¢harltsbl¢ ¢ompanyfoi company law) who served durfng the year wara as follow8. Jam&$ Blwl M8E Ichalrman) Glyn Cartgi {Spcr¢t¥ry} Phll Splbey ITre85urer) Ataslalr Sloddart Peter Bibby Amanda Klddle Martin Pearson CHIEF EXECUTIVE AND SENIOR LEAOERSHIP TEAM Th¥ ¢hlel oxocullve and senior leaderghip team during the yearwere as lojlows: Chrfs Hlndloy 08E Metw) Haidlno Kevtn Bradbume Lynseywhllley Laura Hlckllng Chlof Executlve Olro¢tor4)f FInan￿ and the Ch￿hIre and Warrlngton Pledge DlrecEorof Dlr¢cl D¢llvory Head of Fundrojslng Moad of 0￿ratIOnal SuppL¥t HEAD OFFICE I REOISTERED OFFICE 20-21 Ro3$more Bu$ln¢ss Vlll*ge Ellosm•rè Port Cheshlre CH65 3EY REGISTERED CHARITY NUMBER 1143231 COMPANY NUMBER 07604916 STATUTORY AUDrroRS Xelnadln Audit Umlled Chartared Aeeountants 2 Hltjlards Court Chè$tsr 8uslnéss Park Che$t¢r CM4 gQP BANKERS TSB Banklng Bu8ine88 Contrè 2nd Floor H&nry Dunoan Hou39 120 Gèorgè Street EdSnburgh EH2 4LH SOLICITORS Brabners LLP Horton House Ex¢hangB Ftaos Llve L2 3YL YOUTH FEDERATION LIMITED CHAIRMAN'S REPORT FOR THE YEAR ENOED 31 MARCH 2024 Durfng a ￿¥r which has been very challenglng, both for the ¢harlty and our benefldarles, the Trustees and l are very proud ofth8 ¢onlinued hard wort( from our dedlcaled staff and commttted partners. We are sllll seelng the longer term Impacts of Ihe pandomlc both In tèrms ol thè m6ntal health Lylsis for young pèople as wèll as unaee8pt8bly hlgh levels of yOLflh economlc Inactlvlty. Thls Is a challenge which ￿ Ilkely lo perslsl lor some ttme however we are resolved lo creats more opportunltles for young people as well as provlding support seTvlc&s forthose who are struggllng. Thè eharity conllnuèd to provldo programme3 and seNkey whl¢h all fall under )Ive coro areas of work, the3e we: Careers and employabfrlltywork lo Inform and knsplre about career pathways and aFso dlrectlysuppwt young pwplè Into educatton, amploymonl or traknlng- Our M&nt81 Health Earfy Intwvantlon programmo $upportlng thosè 8ufforlng o$¢alallng monlg1111 he8#h,' Skpls, tr8lnlng and educauon programme$ deslgned to P￿Pare yoyn9 p￿pIe for Ilfo and th¢ wodd of work; Cl￿ZenShIP programmes provldlThJ opportunmeg to yolunteer and gel Involved ￿th 8oclal acllon and do amazlng Ihlng$ In local ¢ommtsnille$: Supportlng youth group¥ to b¢ $ustsln•ble ￿th and Lwl praGll¢e gukaan￿ 4¥ weil as ￿1P wllh re¢rultlng volunteers and ralslng funds. Ourlng th¢ y¥ar lh$ ¢h¥rlty ha¥ engaged and Supported a slgn1fl￿nt numbor of Indlvidual$, worklng with 15,993 young p8oplp wlth 3,957 attendlng QUT fun communlty evenl?, and 210 youlh gioyp members supported. In December we Bawthp end of fttnding ariangèmen18 With Europe. In partl¢ular the European So¢lal Fund whlth ha$ had a slgnmcant Impact on both our charftyand othei organlsallons that we work In partnershlp wlth. However, through our excellènt relationshlp$ wlth Local Authothest partners and othèr commlgslontrs wo h4vè bèèn ft*rtunal8 lo conunue our vltal programmes thanks lo lunding Irom the UK Shared Pro8perlty Fund and other source8. Our In- house fundlng team conllnue lo develop new fundlng streams. We continue to develop our plans to bulld our own YoLrth Centre. known as'our Space, Mawle5f￿ld'. Thls Is new vènturè for Youth F•dèratlon Ltd butonè wè f•81 wni $upport young peopl• In thlg ar•a. Al board level, wè sald thank you arjd goodbye lo JIM Bl$$Èl M8E afterover 10 yoars a$ Chalr of thè board. Wè thank JIM for hls leadershlp and guldance and overseelng many challenges none more so than the pandemk pèriod, I have faken ovoi Irom JIM after 6 yoars wilh th¢ char6ty. Durfng 2023 th$ board undert￿k an Independent goveman¢è revlw. the acllon plan fiom the revlew Is now b8lng dellvered whlch Indude$ fixed ptrrfod tsmis of oflke for trustees. l am pleased to reporl Ihata recrullmenl campalgn for new trustees expanding the boArd8 skllls and experfen¢e wa¥ ¥u¢¢essfulty ¢ompietsd lft 2024 and wl3h them gvory $u¢¢&$8 In Ih¢Jr n¢w rolo8. Durtng 2024 the board supported by the CEO arwj senior team started a revtew of thè chF￿￿8 fuiure strate9y. Th WO￿ 1$ oxpacted lo ¢omplèt• durlng 2025 and wlll Include vlaws from ItrK*s8 wa dellver sat￿¢8& l 8UPPOrt lo and Ihoso who wa work 8longsldè to deuvér Ouf charlt8bb obJèctlve8. arti P•èrson Chalmian 14th November 2024 YOUTH FEDERATION LIAIITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Thè Tiu8taas pres&nt thelrannual report and the audited financlal statements for th¢ ￿ar endeil 31st March 2024. Th$ Ilnanclal stalèmonts h8v8 been prepared In accordance with the accounting pollcle$ $¢1 out on pages 20 and 23 and complywlth the Youth Federalon Limlled's con$UttJtlon. th¢ Charfles Act 2011, Charflles IProie¢tlon and Sodal Inve8tm&nll Act 2016 and Ihe Statement of Recommended Pra¢lice applitsble to charttle$ Pr￿arIng Ihelr accounts In a¢¢ordan¢8 ￿th the Flnan¢141 Rèportlnj Stsndard appllcable En the UK {FRS 102). BACKGROUND The ¢harllywa$ orfglnaNy èstabllshed Sn 1952 by Lord Levefhulme as the Cheshlre A88o¢f8llon of Boys Clubs. The charlty was tasked with supporttng youth organi8ation8 acro$s Che$hlre In order Ihal volunteers and staff Could d$liv•r a quallty servlce lo young people. As the Borough Coundl$ èmèrged, th¢ Cheshlre Federallon of Youth Club$ a¥11 became known In¢r¢a$ed 11$ r¢a¢h to Include Halton, Warrlnglon and Wlrral and thè organlsallon became (ully consllluted In 1976. The Cheshlre Fodwalion of Youih Club$ ¢onllnuèd offertng support to young people al￿ youlh organl$atlons before evol￿ng Into Ihe Youlh FedeTallon foi Choshlrg, Hallon, Wavlngton and Wlrral In 1999. In 2011, th? Gharily Commls$lon made Ihè Order appolnllng Youlh Federalon Llmhed ag the coiporat8 IrLtslee of Ihe Youth F8deTalEon lorChashlr6. Halton, W8rrfngton and Wtrral and Th8 Feimaln Club. Slnce that P8rf¢d thè Youth F8deratlon Llmlted and Its gubsldlaries have grown to re8¢h LWOf 5,000 young people wllh our programmeB and provbjes support lo ov¢r 500 ywlh organlsatEon$. DIRECTORSJTRUSTEES Tho dSr¢¢tors lor tho purpose of company law, who tho tN$tess for the purpos8 of chathy law, vtho served durlng the year ar• set out on pagè 1. OBJEGTIVES ANO ACTIVITIES Objects ofthe Charlty are 8pedftcally.' To advance In Ilfè and help young people through ths provlslon of re¢￿210nal and lelsure Ilme actlvllles provlded tn the Interest of so¢lal wolfaw, deglgned lo Improve thelr condltTrons of Ilfe and providlng support and acllvltlos whlch d&velop Ihelr $klll$, copacllèg and capabllllSes lo enable them lo partlclpate In $¢x10ty 9$ mature and r&gponslble dlvlduals. To as a r6source for young p8ople by provldlng advl¢g. ag$lslance, saNlces, tralnlng and organ5slng prooramme$ of physlcal, educational and othw aclvlues as a means ofadvanclng 8dueAtKin and rèllèvjng unèmploymenl. Beneflawl*g of tho Charftys Work Indude.. hIldr￿ and young people volunteer8 ladull$ and young people) voluntary yOLrth organl8allons local cornrnunlllo$ To lulfll Ihe Charilrfs objo¢ts a numbér of acllvltles were undertaken through the charltys 8ub8ldlarlg¥ whkh hav¢ dellvered wlde ranglng publ1¢ bènafllg. In sha￿n9 ouroblectfves and pknntng our actlvlles forth• ￿ar, Iha Trust•￿ ¢￿fl[M that they have given due regard to guldanc8 wbllshed by the Charlty Commlsslon, Indudlng publlc b*nefil.' runnkng a chartty IP821 guldance. YOUTH FEDERATION LIMITEO TRUSTEE'S REPORT Icont.) FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE To fuWIl the Charitys aims a numberof aclivhies werè undertaken which dglivered wlde rarolrvJ publk bgnefil. In order to achleve the charf￿8 oulcomes, th¢ charlty promoted themed actfvlties to b8n&fft thè young people In t8rm8 of developlng new sk'llls orgalnlng ¢onflden¢e In lrylng new actlvltles. The charlty atso delivered projects dlrèdly thal helped break down Iho barriers and obstacles that can ¥lop young people achleylng thelr full potsnttal. These mlghl b¢ dlfficulties In remole leamlng, low ssll*onfldence or self-esleem, off¢nding, flndln9 a lob and Increasln￿Y coplng wtlh mental health problems. An (iullne of the a￿￿110$ undert￿(￿n whloh dellvered publk beneftt aro Ilsted bdow. Talent Match ptogrammw The Talent Match programm$ wa$ dtrllvèred In collaborallon Mer$w8lde Youth A88OCtallon across thè LIV0￿￿￿1 Clty Reglon. Youth Fèd•iallon Limited's delfvery areas Included Halton, Wlrral, and St H¢len$. Many of the young people accesslng Talent Match support f8¢0 slgnlflcant barrlers whlth Included belng a caTe le8vor, ox- offenderloffender. young parenc homéles$n&$s, Insecute houslngi and m$nlal health issues or dtsabSJlUes, Mentors from Youth Federallon Llmited provlde ess8nttal $upport. helping young peopte bulld fft¥11￿nc9 and develop th• $klll$ ond conndence necessary to ¢ntor the workforce. By offerlng p&rgonallged guldance and ¢oplng slral6910¥. Montor8 ¢mpower young peopte to ovei¢ome obstacles and achleve thelr goal$. Glven the long4erm chall$nge8 these young peopl¢ fa¢¢. tho wojèct represènted a SIgn￿¢¥￿t a¢hlov¢menl In Iran8fomilng lhdrllvès. Natlon Careèrs S*rvlc• Communfty Based Servlce North West Tho N411onal Careerg Servlce provldes free Impartlal ¢arew8 Informallon, advke, and guidancg to young peoFde ovor the age on 19, Funded by Sgel¢¢, Youth Federation Llmlted's Advlsors work closely ￿th young peopl$ lo offer porsonallsed support and help them Ilnd work. In thls flnan¢lal year, Yolth Federatlon Llmttèd havè Supported 724 young P¢OFlfy Ihfough lhla pfogramme wSth 77 mo￿ng Into •mptoyment and 249 Into le8mlng. Notlon Careors Sgrvlce Communlty Based S•rvlc• North West The Nallonal Clllzen Servlce (NCS) 1$ dellvefed across Cheshlre, Groater Man¢he8ter, Halton, and Wirral civer a nlno- month padod, from SopletnbeT to frAarch. Durlng thjs tlmts, Youth Federailon Limlled Fed th8 Inltiatlvo in the Llverpool Clty Re9ion, worklng effectively wlth parfners Ilko Evarttsn in th8 Communlty, Meraeysldè Youth Assodalion, and Vlb6. Speciflcally tallored for young p¢opte ag?d 16 to 17, the NCS programme fo¢u$¢d on three key areas: Llfè Sklll$, Employabllfty, and Soclal A¢tloTh. Young peopte engag¢d In 48 houT8 of adlvSlles that nol only promotsd personal growlh bul also Instilled a strong sen$& of cmc rtsponslblllty. By provldlng practlcal expertences. the programme piepared young people for the challenges of adulthood and equlpped them wlth e$¥enllal sk1115 foT Ihelrfuiure caieor$. Funded by the govommenl, NCS was accesslble to 8 d1￿[$• wango of young people, en8urfng indu¥ivlly and ¢ommunlty engagement. Throughout Its dellvory, a total of 1,009 young peopl8 graduated I￿rn the progrAmmg, ¢ompleting an 3,027 experlences. Th1$ gu¢¢e$$ hlghlighted the posltive Impact of NCS on yotsth developm6nl and communlty Involvom$nt. Overall, NCS played a cmclal role In emp¢)wertng young people. helplng thèm reallse Ihelr polenllal whlle encotsraging them to contrlbut¢ po$ldvelyto thelr communlNes. Youth Foderatl Chgs Hallon Warrln un Ink8d¢hAfl ACHIEVEMENTS AND PERFORMANCE Youth Fedoralltsn dèllv¢r¢d a varletyof projects that almo0 lo provlde 81gnltkanl benellts to young pooplo and thè commLtnlty In vthl¢h thoy Ilve In. These efforts focused on ¢mpowerlnu young people through youth woth and fosterlnu nfldence lo explore new opporiunltl$$ lo h¢lp maxlmise Youth Federath)ns potentlal, Yo)ulh Federalloti prlorfllsèd hotlstlc approach to d81ivory, *n811rlng that the support offersd addr¢ssed young people's wadcal needs as well as Youth FedeTaltons montal haalth and ¢motlonal wo11-belftg needs, YOUTH FEDERATION LIMITED TRUSTEE'S REPORT1¢gnt.) FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE Icont.) In addilion, target￿ progrommés w&rÈ Implernèntsd to tacklè Iho kèy challènges thAt often*rev&nt¢d young petsple from rÈachlng thèlr lull potenllal. Thèsè challenges Includod limlted a¢ce$8 Its educallon, employment, tralftlng and menlal health ser¥Sces. By breaklng down barrf¢r8, Youth Federatlon equlpped young people wllh Ihe tools and rèslllèn¢¥ lo thilve In all asp4cts of Ille. Youth Fedgr¥lltsn$ elforts also collaborated wllh local partner8, en$urfny thatthe $upport provlded was well-rounded. In total, 17,(100 yourlg peopl8 accessed supptsrt duFlng thls nandal year. Below Is a summary ofthe acllvlU8s th81 contrlbuted to these posltSvo outcomès. Tackllng Youth Unemployment Youth F¢dèration rAn sè￿1$1 projgets almed al addrosslng youth unémpltsymènl. Youth F¢dèrAtlan dèllvoied the Bettér Start project In Chester, Ellesmere Port, Northwlch and Wlnsford, whlch helped 60 young people bulld a Slionger foundallon for thelr future. ThSs I2￿week prole¢t supported by Cheshlre Communlly Foundatton and Awardg 4 All piovldod both prad¢al and &mottonal a$slslan¢e, hdplng young people develop reslllonce. ga￿ valuable sklls. and make Informed declsbns aboyl thelr Iransffitlon Into adult Ilf&. Young people also 8arned Important ¢ertlflcalion$ such as Mental Health FlrstAld 8nd Emergency Flrst Ald at wo￿. Bulldlng Asplrations18 dellv8red In Wlrral and Its gn employabllity prooramme for young people aged 18-24 who are not In education. employment or Iralnlng or are al rlsk of belng so. The Buldlng AspSralon$ progr•mm• onablos youth woth¢r$ to Support young pw)1o lo Idanllfy thelr inlero$ts and passlons and plan how to take steps towards Ihelr goals through a skljl-bulldlng currtculum. Youth Federallon supported 30 young people and encouraged four young people a chance to apply for a scholar8hlp. The currlculum In¢lud*g s¢sslon$ on, ov¢rcomlng sglba¢k$ 8n¢ bartlèr8 to émpl¢)ymont, mon*y manay&mont $klll$, Goal sewng and plannlng and Inleryiew tschnlques. The Murtlply pro9ramme It) Cheshlre West and Wlrral Is deslgned lo enhance nLtmaracy skllls for young peopltr ag 19 and over, partieulady tho8e wllh poor m%lh$ $klll$. Th* piogr•mme improvod ba$1¢ num¢ia¢y abilttles that wwe Cruclal frjr evoryday Iwe and ¢mploymenl, 8u¢h a$ bud0t￿n9 and measurements. By providlng taibr¢d workshops, the Youth Federauons Mulllply programme catered to a dfverse lange of learnlng needs and backgrounds. Funded by tha govemm¢nl, our M￿lor$ work¢d with lo¢al ¢o11¢gP$ to fo¢u$ on s￿11 dovolopmgnl to boost ¢mploy4blllty, loytsr ¢orrftdon¢o In uglno numbw$, and conlrfbut¢ to ¢¢orv)mk growih wlthln th&1o¢81 ¢ommunlty. Th& malorfty of young people accesBing the course were ESOL young paople. Enhanclng the H•allh and Wellbelng of Y¢ung People Through Iha'your Mlnd Matters Team,, Youlh Federafjon provlded non-Crt81s support to chlldren and young people aged 8 *0 25. The team helped young people develop coping slrategles to help I￿Ung people cope ￿th the pressure8 Ilfe brfjngg. As a tssult, the prol4GI conlrfbuled to Improved mental health outcom&$, oaslng pr$s8ure on local CAMHS and SCP servlces. Notably. 95% of those Involved In Ouf programmes reported graaler conlldence In progresslng Into educalon, IrAlnlng. or employment. AddSltonally. the Pllgrfm's TnFsI Programmes focts8ed on young women nav6gating the transition from school to the next phase of Ihelr Ilves. Through early Inlervenllon. both one-on-one and Irj groups, Youth Federatlon asslsted Ih)se $twggllng wlth mental h881th ¢hall$ngo8, hèlplng tham managè th• pwgu¥é$ of 8arfy 8dulthood. In Hallon, the Chlldren In Need project supported vulnerable young people aged 10 to 18 Ythowere al rtgk ol dl$engaglnu from educgllon. Through $trony, trusted relotlon$hlps wllh stsffi youn9 people galned ¢onfldon¢e and developed eBsentlal tsoclal 8klll8. Youth Federalbn oho provlded on0￿n￿ne and group 8es$lons lorthose flndlng It dlfftcull lo Iran$lllon fiom prfmaryto Secondary $¢hool. The Phlllp Bathor pr¢gramm6 provtd•d mentsl h¢¥llh Supptsrt lo ¢adets and unlformgd volunteern In Cheshlre and Wathnuton, ott¢rtng lallored tralnlny to volunl¢¢rsi parents, and ¢aregfv¢r$. Thes& s$$$lon$ rols¢d awareness of mental he8llh Issues, empowerlng volunleers to Idenlfy triggers and support cadets. Addluonally, cadets could access personaltsed'L6vlng Your 8esl Llfg" se$slons f¢y 8elfwcar¢ strateglgs Ilke MIndfulne￿ and healthy hablb. YOLITH FEDERATION LIMITED TRUSTEE'S REPORT {conl.) FOR THE YEAR ENDED 31 MARCH 2024 Etthatsclng tho Health and Wellbelng of Young People (conl.) Youth Federallon tralned young ￿0P7￿ In Mèntal Health AwaTeness, s6Jl-hami educ&llon, and18ader8hlp sklll$, emptywering Ihewn lo become mental heahh champlon$ In $¢hools, ensuring th& projecvs legacy conlinugd. On8-on- ne support, based on Acceptance and Commltm$nt Therapy, was provlded over 12 week6 to fo8torTeslllencAg and w8lJ.bolng among pèarg. The ESCP programme 8ddro$s¢d the mental h￿1th needs of chlldien and young people referred to the conlexlual safeguardlng hyb, manyof whom faGed exploitation rlsks and experlenced adverse chlldhood experlences. The programme offered therapeullc Inlervenllons, Improvlng mettsl h*alth out¢orng$, reiluclng 8eil-harm and sulcidal bJ6ation by62%, and tsnhanelng $chtwI on9agemenl for 64.9% of partldpan Empowerlng Young People wilh Lll¢long Skllls Al the heart of Youth Federation's wortt was equlpplng young people wtth Ihe pra¢tl¢al $klll$ needed lo thrfv6. Wlth oenerous support from the ChaTJes Haywood Foundallon and Notlonwldo. Youth Foderallon con￿nued delEverlng a be$poke on6-tO-on¢ m¢ntortng programme Back on Track. Thls proleot provlded young people with Infomation advlce and guldance lo 81 young people. Young p¢opl& wer¢ refvrred through partn&rship8 $uoh a¥ 16-19 Service, Work Zones, Jobcenlre Plus (JCPI, and Hou$lng AssoclaUon$. Throuuh th¢$8 programmo$, young people recelvod tallor¢d $upport In k¢y oreas IM(e hoyslng advke. benefll manapmenl. budgetlngi and essenlgl skllls for Ind8p•ndont tlvtng. In addttlon tothe mentsrfng programmas, ongolng ttjllabofatlon wllh Santander allowed Youth Federallon to traln over 1SOO young people between the ages of 14 and 25 In Ilnanolal Ilteracy. The programmas wèrè young p￿p1a led and covered toplcs such as underslondlng paysllps, managlny overdrafts. effectfve budgetingi and lo￿ard flnandal plannlng. The progf8mmes almed to provld¢ youno p¢aple wllh th¢ l¢019 1() take control of thelrflnanclal futures. To maxlrntBe Impact, YoLrth Federatlon partnered wllh sd)ools, colleges, NHS prograwnm¢$, local aulhorllles, aF youth groups to ensure young people fiom all background8 ben¢fll, By gngaglng a broad range of relerral nolworks. Yotrth F8deratlon dellvèrèd 6s$onfjal Iralnlng lo ¥ wid& demographlc. ensurfng that young people across the reglon were better equlpped to handle the challenges of adulthood vAth confldence and resJ116nce, Youth Partlclpatlon Youth Federa14on dellvered numerous programmes Ihrouohoul the year IhBt encouraged young people to gd a¢llvoly Involved In Yottlh FederalloDS communllles. P¥ole¢t$ that focused youlh particlpalton Induded Llmilless You. Youth Vol¢g, and th$ Youth Amba$sador$. Youth Volce empowered young people lo actlvely partldpale In do¢1glon¥ that affeded thelr IIvo$ and the communllle$ In whlch they Ilve. Youth Federauon dellvered a serfes ofworkshop$, forums. and collaborattve projects wlth key st8keholders lo pro￿de 8 plaffom) for young p￿pIt lo Share Youth Fedèrallons perspo¢llw$, engage In meaningful dlalogue with declsion-maker8, and Influen￿ pollcles on Issues such as educallon, men181 h*alth, eMplo￿ent. and safeguardlng. By losterfng leadership, communlcatton, and advocacy skllls, the programme8 ensured that young volc¢s were not onty hgard but were ¢¢nlral lo $hapJng the future In our aroa. Capacity Bulldlno forvoluntary S¢¢torYouth Orqanl$atlon$ Mèmborship •xp¢rién¢èd giawth ond $l¢¢d at210 oroanlsallons, all shared A common goal of Improvtng Ihe I1￿$ of chlldren and young people In Ihe area. Member organlsalions b8n&fltèd from ￿lSonalIS¢d support tsiloted to their speclfic need8. Thls Included ona-on-one consullallons on b&st pracllcèsi governanc6 Issuès, polieydèvolopmenl, r¢cruilm¢nl slral¢glè8. and ottectiv¢ fundrol$lng te¢hn￿ueS. By PTOVtdlng thts support. Youth Federatlon ensured that Mom￿r$ were wel-equlpped to surylve the dmlfcutt flnanclal cllmal8 and delfv&r htghquallty servlces to young paoplè. In addlllon to p&rsonallsed Support, tralnkng wogrammos were offered to enhance the sklll sel of memb&rs to ensur6 they PTovlded a safe space. The tralnlng Sesslons covered essent[81 loplcg such as 8afeguardlng practk¢$, first ald and behavtour manag8m8nt. YOUTH FEDERATION LIMITED TRUSTEE'S REPORT (cont.) FOR THE YEAR ENDED 31 MARCH 2024 Cèpaelty 8ulldlng for Voluntary Sectoi Youth Organlsatlons (Cont.) Youth Fed6r81ion 8lso off6red DBS support. By 4ulpplng Mem￿13 wtlh thèsa cruclal sklllg And knowlèdgè. Youth Federatlon alrned to create a safer. more effectlve envlronmenl foryouno people. Youth Federauons overarchlng mlsslon was to strengthen young peoplè organl$albn$ 8n8urlng Ihat tho n&gd$ and ¢onc&ms ofyoung pèoplo w$r$.. eff8dvèly rèpresènted and addrossod. Bèyond 8uppurt for mèmber organi$alK)n$, Youth Féderallon ¢onllnued to support non-member group$ through projecis. By expanding the avallablllty Youth Federatk)n almed to Create more opportunltlès for young Peop￿ to engage posluvely in Ihelr ￿￿mUnItIes. TheF8tmaln Club's Work Youn Inked harl The Chartt￿S development s118tsgy 1$ lo i¢*$labll$h a youth ¢ontro In Ma¢d¢$flold. on exlslng land whll$l a fundralslng ¢8mpalgn lakag place. Th6 Tw$le¥ has appolnlod a d￿l¢al¢d membor of th$ fundral$lng staff to thIB project, who wlll work with Youth Federatlon LimEted Limlted'8 Senlor Lead8rshlp Team lo IdentSfy potenllal $upporters, Work Is ongolng wjih a numb&r of Inlere91ed partlgs and 4 pYole¢t tgam of vdunts$rn has been slabll$hed. We are olso wortln9 wllh 4 youth b¢)ord made up of M8¢cl$$fl¢ld-based young ptrople who have been Invaluabl8 In 8haping tho prole¢t and have provtded a new pro]ect name to be more appeallng lo young people: OLFr Space Maccl8slield. Plannlng permlsslon for the centre was submltted In August 2023 and Is pendlng. Glven the lorvJ limeframes Invofved In caplt81 prolecls, the pifvate phase of the lundralslng campalgn was launch&d In Soptember 2023. Followlng th1$ taunch and a $Ltbsequenl cultlvalion thnt in February 2024, the charlty was extremely gralelul to hav? begn a benefiC￿ry of a number of generous dO￿a￿on¥ and pledges offinanclal support, aj well a5 lTrkind contrlbutlon8 to the campalgn. The alm of the development programme ¢onllnue8 lo be, to Pfovlde young people under 21 years of age In Macde8field wilh a lop quallty, safe qnd affordable youth centre Ihat wlll Insplre, chalkng? and provlde opportunjties for them to lead healthler, more posltlve tjves. The fadllty wtll focus on three core areas.. 1. Health and ReGreation *rovidlng stfuctufed acuvltles that pro￿de young people ￿th the oPPOrtunAyto meet and sociallgé wlth Mènds In a safè envlronmant. 2. Education- providing speciallBed support lo YOU￿ people In ma￿le8fleld. whkch wlll help them not onlyto thrlve In thdr personal Ilves but In th& world of work. 3. Peraonal Dovelopmenl- using a comblnalion of outdoor oducalion, youth work and ¢reatlv6 arts, young people wlll be offered access to the very best faollltles In whlch to develop, Lords, T#v• ors Wood$lde thco nked Charl The Trusl¢e$ ogre¢d Ihal the btsn¢fl¢lari¢g ¢ould be better Support by an outreach programm? and request that the charlly closed down and the a$Bel8 tran$l¥rred lo Youth Federallon Llmfted a$ a re$lrfded fund to provlde a support 86rvlc8 for Ihe young people of Runcom. The Charlly Comml8Ston removed the charlty from the Central Règlster of CharftieB on the 5th of October2023. un ds com Thè Cttèshlre and Warrlngton Pledge Partnershlp The Cheshlre and Warringlon Pledge, prknarfly funded bythe UK Shared Pfo8perlty FLtnd and Ihewestmlnstei Foundallon after ESF lundSng for the programme flnished In December 2023, almed to brldge the gap belween educatk)n and employmenl by dlfectly Involvlng local employers In shaplng the fvlure workforce. Through It$ èngagomènt with schools and youlh proupg, the programmè lngp1r￿ thou58nds of ytsung pètsplè by provhllno r8al- worfd In#￿￿t$ Into local ear8•r paths and prof•8#lonal dèvdopm•nl opportunttl•J. YOUTH FEDERATION LIMITED TRUSTEES. REPORT FOR THE YEAR E*4DEO 31 MARCH 2024 Over 500 employers played a vltal role In th8 Inlllatlve, not only show¢aslftg lob 4)PPOrtunlllo9 buta1￿ htrlplng young people understand the skllls, #￿Ibutes, and atuludès r&qulr6d for success In varfous Induslrles. Thls Inleracllon facilttated a better understandlng ofworkforce expectations f(v wung peL)ple whlle offeilng bu$lno$98$ a plalfom tts engage wllh and potenllally recrull future talent. The proglamme encotsraged direct dlalogue b8tween omployer6 and young p8opl&, offorfng pra¢ll¢al guldan¢4 how to prèp8r6 for and Dav￿al& the￿b maiket. The Pledge had galned s(gnlficanl momentvm. and Its Su￿$$ demon8tr4tèd thè pwrammè's offéd￿n•sS In both rgachlng people and preparlng them forempio￿nenl through targeted engagementwllh local bu8kn888e8. FINANCIAL REVIEW The iesulls of charitys p?rformance for the year are Bet oul In th¢ Stslemenl of Flnandal Athiltos (SOFA) for 2023124 on page 16. Based on project perfofmance forecasts during the financlal year, the charfty mainlalned 8utticl8nl proltrd resources to ensure the d¢ll¥*ry of quality outputs and OutsoM￿ ￿re o¢hl6ved on $etvl¢e contracts and grant supported programmes. The chadty also managed to keep Its admlnlstralive Ov0th￿d$ low In lrnewilh thg Income fowa$L largelydue to Increased hK)rld worklng arrangements. As a regull, total expendllure was bolow the I￿¢1 of lolal Incorno. Furthermorg, Iho gffort to g&ngrats In¢om¢ Ihrovgh ddlvertng more work wllh young people resulted In a flnal nel Income of £137,279. A more blended approach to our PTogrammos lo our bon￿1¢1$￿i￿$1S ¢nvl$ag8d wtth fo￿ to fac& and dtgltaj communlcallons belng key compononts In $upporUng young ￿0p1$ pard¢￿9￿ytho$¢ wlth dèveloplng m&ntsl héalth ch8lleng88. Total Income from all funding sources amounted to £2.373.644, a de¢re8$e ol £139,610 or) tho pr0vbu$ yoar 12022123.. £2,513,254). The deGrease In total Income Is largety due to a r￿UCtIon In th$ $lz& ofottr thro0 lar￿$1 dtrllvsry programme6. Total Expendllure de￿eaSed by £225,516 10 £2,215,94B12022123'. 2,441,464). Thrs was laigoly du& lo a smallor NCS c¢ntra¢t fo¥ Summer and Autumn 2023 and the transllton ol the Cheghlrè and WaThlngton Pledp from Euiopean fundlng to tho Smaller UK Shared Pro$perlty Fund. Tho actuarlal losses on the deflned b8nefll penslon sch8me were Ca1￿lated lo ba £20,417. comp#rod to a galn ot £20,000 In 2022123. Therèforo, the Total Funds Canled FoNMrd forlhe comlng year were £1,756,821 {2022123: £1,619.$42). On tho Bal8nce Sheètfor the pertod ended 3181 Marth 2024, Group Flxed A&8els were £41,526 hlghor than the prevlous yeaT', whllsl Group ¢urmnl a$$¢l$ of £1,231,W forth¢ yaar were £3,490 tow&r than th6 year ended 2022123 (£1,234,554). Credttors lalllng dué In ono ￿arw¢r0 £259.174,1¢)wor by£13,95412022123; £273,1281- Thesè varl8n¢&g resulted In nel current assets of£971.890 betng £10,464 more than the prevlous year (£961 A26 al March 2023). Long Temi Cred51or8 fell lo £0 ag the mortgage on the offlce localod at 20 Ros$moi¢ Bu$lnos$ Vlllag¢, Ellesmere Port was pald off. YOUTH FEDERATION LIMtTED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 FIIIANCIAL REVIEW Icont.) Tho group mad¢ a payment on thè 29 February 2024 of£31,000 lo Ihe CheshlTè P&n$lon Fund lo extlryJulsh all èxlsling and future Local Govemmenl Pension S¢heme Ilabllltles and as 8 re3uII Youlh Federatton 1$ no longera partlclpating employtrr In th& p&nslon fund. Therefore there Is no deflned beneflt penslon 8ch8me Ilabillty (20221Z3 £17.OOLI), Al 31 March 2024, Ihero w99 an Increase In the Gr￿P Totsl Funds aval14bl• of £137,279. whjch now stands at £1,756,821 12022123 £1,619,542). Th& ro8tri¢led funds are dls¢lo3ed on pages 36 to 39 of thè account8 and Ihg fund$ arelhe carrled fotward ¢onlracts tho1 can only b& usod forthe purpos¢$ $91 out by the funders. They 8180 ¢lude the general fund$ of Youth FederalSon and The Fomialn Club. Regarding the stalement of cagh Ih>wy for lh6 year endeLI 31$1 M•reh 2024, the tolal ¢ash and cash equlvAlonts at the Ènd ofthe year de¢tha$ed by £101,fj81 to £856,714 {£958,395 In2022123). Bearlng all thls In mlnd, th¢ Trustees are confldenl that Ihe Youlh F6d8r8Uon Llmlled has suffl¢l¢nt fund$ al the 31st March 2024 lo condnue to meet Ils obJo¢tivas and to meet lis flnandal and contradLtr81 commltment6. INVESTMENT POLICY Youth Fed8rallon Llmlted ha$ a hlgh Interest account In tho name of the charity whl¢h holds funds abovo Ils worklng capltal requtremenl8 io maxlmlse Interesl $arned. RESERVES POUCY Th6 A¢cumulatsd Fund recelves th¢ $urpluy arlslng from Iho maln ¢harltable advltle$. All asBel8 held by the chathy 4r$ u$6d for the furtheran¢¢ Qf Its oblectlvès. Tho Trustees has s¢1 a roserves poltcy ￿lch roquire$ that resetves b¢ malnlalned al a level whl¢h onsures that Youth Federallon Llmlled's core advlty could conllnue during a perlod of unforeseen dlfflcLtllle$ ond that a proportlon of r8semg b• maitJtaln6d In r80dlly aVdIab￿ fom). The calculation ofth& requlredlovel of reserves Is an Integral part oflhe Youth Federallon Lbntted's pl8nnlng, budgèt and forecast cy¢lè,11 wag agreed bythe Tru$ts&g that reserves shoLtld ¢ov•r a great numbor of opofallng months and the funds requlrod have been calcLtlated on 6 months operaung co$ts1£408.000). The unr*slrl¢l¢d fund balance a$ at 31st March 2024 has rlsen to £602,639 and meets thSs policy. The Charltyalms to ¢onttnue lo generate Lfnra$lri¢led lunds to meet tNg tsr9et. FIITURE PLANS Each year. the Trustses dg¥ek7p a straleglc plan lo gulde th¥ thartty's fuiure grohth and dlrect¢ors. Thls plan18 created In col]aboralbn wlth Truststts. senk)r lead¢r5, managers, staff, stakeholdws, and young peopl6. Il# eore focus Is lo enhan¢e oxpertlse In dellverlng èmployabllltyprograms that offtrr mentoring support to young people, helplng them 8￿Ure employment and slr&ngthèn th8lf emotknnal and mental Te8111ence. Addlllonally. tho charlty conllnu&8 to Support affillated youth groups and Implements prole¢ts that enable both vtslunleers and youNJ poopltr to reallze thelr full potenllal. Looking ahead, the chadty alm$ tLS expand Ils work wtth young people and yOLrth organlzallons throtyjh o blènded approach, comblnlng onllne and In-person piograms. Wtth many yOLFng people faclng h)crèg$ing challenge8-exa¢8rbated by polltlcal Instablllty, tho coslwof-llvlng Cf19I8. and global confilGts-th& ¢Jemar*J for mental hBallh $ttrvl¢e$ has surged. The Tw$lees are commlttad lo &n$urlng that future align wlth Ihe evolvlng netrds of young people, whll• also k•eplng operatlonal and admlnlslrauve costs as low #g posslble In th¢s$ unrArtaln economlc Ilme8. Thè Chlof EXecLI￿Ve and the fundrai8lTrg tèam are Bctlvdy èxplorlng new fundlng 0pwturytl￿ and Innov8tlvè ways to dellver seNlce8 moi6 eflklentiy and effecttvelyt both In p8r8on and onlln•. YOUTH FEDERATION LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 FUTURE PLANS (Cont.) A kèy ongoing Inlllatlve Is Ihe crnallon of 4 ¥tate-of-the-art youth cent8r In Maccl&sfÉokl. Th• plannlng appllcalton w98 submltted durlng Ihlg pèrfod, and refinements are vndeMay to address wmmunity cL￿cem$ and IncorpDrot feedb8ck from partner agencles 8nd young p8ople. As Ihe charily moves closerto s¢¢uring planning consent, awarene8$-raising and fundralslng efforts Will Inlenslly. Wlth 2024 $otlo be a general etectlon y¢ar, TTustses are mlndfiil Ihat new fvTrJlng slrèam$ may bo 11ml￿d as *he tounlry transltions to a new govemmenl, A8 a result, the charlty Is plannlng to malntaln It$ gervlces and condnue dellv¢ring ¢x¢wtbnal.outcome3 for young peopl¢. op¢rollng on 8 $imllar Income level lo thlg financlaj year. STRUCTURE. GOVERNANCE AND MAIIAGEMENT Hlstorlcally. the orfglnal ¢haiity. Youth Federatkjn for Ch&shlre, Hall¢)n. Warrfnglon and Wlrral (the chgrlty) was govemad by a ¢on8UtuUon drafted by I C Tomlln$oni pr*$enled at tho Annual General Me&tlng on 16 September 2004 8nd wa$ approved by the chartty Commlsslon. Th? T￿81￿￿9 agreed that the Gonslllutlon ¢ould b$ amended by Spedal Re8olulknD passed on 27 J8nuary2011 to ajlobv the challty lo b¢ managgd byo sole corporate trust86. On 6 October20f1 the charfty Comml$$ion made fhe Order appolnyng Youth F6d&railon Llmlted (a company Ilmlted by guarant$fy iegtsl¢r¢d ¢h8rlty', company no. 7604916,. cha￿ty no. 1143231} as the 8oJe corporate Iruslèe of tho Youth F¢dorallon for Cheghi¥?, Halion, Warrlngton 8nd Wlrral Icharfty numbei 1143231-21. Youth Federallon Umll¢d Is governed bylts own thcles of asso¢lallon an41 act8through Its Olrectors Iwho are known 48 Trusleos). The Tru$tse$ of Youth Federalhjn Llmllod Iwho ¥r• al$0 the dlrectors of the charltabl¢ company ft)r purposes of company tawl ore respon$lbl6 for ov8roeglng the govemance of th¢ charilgblo ¢ompany in accordance wlth Its Momorandum and Arucles ofAssodalkJn. Al th& Ilm& of wrttlny, thore arè currently five members, ¥nd th0¥0 are appolnted a8 Set out In tha Arfldo$ of Association. On the 31$1 of October 2011, the Trustees pa$$ed a ie$oluNtsn Ihat Ihe day to day managemènt of thè ¢harlty. Its assoclal¢d chaTltl¢s and busIn￿¥ undertaklngs be undertaken by the YoL¢th Fede￿￿on'$ Chlef Executive and senlor ad￿hIP tsam. Monltorfng of progro$8 againsl an annual plan and keydeclslons around tho $lralegk developments are made by the directors on behalf of the charfty, A me8llng oftha Dlrectors occurs every quarter and Is thalrèd byth? Chalr. APPOINTMENT.114DUCTION AND TRAININO OF TRUSTEES Organlsattons or Indtvtduais can opply to becom¢ a m8ry)ber ofyoulh Federallon Llmtt¢d byapplOng In the fomi requlred by thè Oirs¢tors who wlll conslderthelr appllcatlon. Tho Olr¢Glor¥ are normally appolnled al IheAnnLtaJ Genera] Meetlng as oulined In th8 Youth Fod$ralon Llmlled's Artlcles ofAssoGiation. All appo5nted Dlrectors go through an Inductlon Process wllh the Chlof Exé¢ulwo. The Inducllon process Includes a brlofing on thelrlegal responslblllt￿s lund81 charlty8nd Company law}. the content of the gov6inln9 do¢umenls, the commlllee and d•¢laion maklng procè890$, the work plan at￿ recent flnan¢lal pprfomance of the charlty. Dlrectors arè all¢OLtraged to attar￿ and parti¢lpalè In acllvtties and events btslng organl¥gd bylhe charlty and attend approprtal• traN)Ing events where th18 wlll facSlliale the undertaklng of thelT fts￿. YOUTH FEDERATION LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 RELATED PARTIES AND C04)PERATION VIITH OTHER ORGANISATIONS Nona of thg Trustees recelve remuner4llon or other benefit fiom Ihe5rwork th& tharfty. Any connectlon bthen a Trustee or a senlor manager of the charlty wllh the dellvèry of conlractsd 8ervlce8 musl b8 dlsclos¢d to the full board of trustees In the Same way as any othèr contractual relalkinshlp ￿th a related party. In the curfenl year, no su¢h relalod party Iran8actlons wei• rnkK¢rted. Youth FÈd•ratlon Llmited has a Ilnked wlatlonshlp wnh a charltable tradlng company, Changlng Young Llves Llmlt¢d. Thls companywas Into￿Orated on the 201h of December 2012 by the Youth Fedgrauon Lunlled. Changlng Young Llves Llmltsd can g6n¢rat• 4ddillonal unfeslrfcted fLtndlno for th8 rharftl88 by glfllng proflts on an annual bo$1s. On 19th of June 2014, Youlh Fed&ralknrt Limked became the solo ¢orporat6 Iruslee of The Lords. Tavemors Woodsld• YoLrth Contro located In Rurbcom, Cheshlf¢, Th1$ ¢harlty has now been closed. PAY POLICY FOR SENIOR STAFF Thè Trustetr8 vlew the sole corporate Iru$t¢o arKI the senlor leadershlp team a8 tho koy managtrmenl peTsonnel of the charity In charge of dlrectlng at)d ¢ontrolling, Nnnlng and operatlng Ihe tharfty. All Trustees glve of thelr ttme frody and no Trusiaes recelvÉd rèmuntrralltsn In the ￿ar. The pay of the 8enlor 100d•r$hlp team Is revtewed annually and normally increased In accordance with average eamlngs. In vlew of th$ nature oflhe charlty, the Olrector$ bgn¢hmark agalnsl pay Eevels In othei youth org¥nlsations of a slmllarsize lun on a vojuntary basls. RISK MANAGEMENT Th& Tmsle¢$ have a ￿sk management slratagy whl¢h ￿m￿lse$ of an annual Tevlw of tho prlnclpal rlsks and uncertalnlles that Ihe charfty facès, ¢oup16d wllh ongolng measyremtsnt of 11gk fa¢tors by th8 S8nlor Leadershlp Tgam submllted quarterly In a rfsk rogislor. The Trustees examlned the major $lral*glc, bu31ne56 and operallon81 rl8ks whlch thè chathy la¢¢$ and 18 able to confirm that PfO¢O$$08 to enable regular monltorfng aré In pla¢0 to ensure orractlve actlon can be taken In a tlm¢ty mannor. Ifne¢ded. As part of the charfW$ on9olng commltmwrt to developlng robu8t mgnag¢menl sy8tsms. regular monthly repojts Idenufy any area wllhln the organlsalion thatmoves out of the 8cc8plablo rang0. l.e. cash ftow, deltvery laig&1¥ agalrtst contraei, wo]ocI tèm lenolh, funders. grant usage r¢wlrempnts etc., 80 that the necessary slèpg ¢an Immedlatelybe taken lo lessen thes& rl8k$. A fvndamenlal element. therefore, In Ihe manggtrm&nt of flnanclal risk durlng the pandem1¢ wa$ 8 rttgular revjew of avallable liqutd fund8 lo sèttlè dabts 49 they fall due and acltve manag¢m?nt of tra￿ debtors and credltors bal¥nc&s to ensure sufftolenl wothlng capllal. A number of operatlonal programmgs werg belng drlven by payment ty r¢$ull¥ ogreom$nts and therefore greater attenllon WAS focusèd on non-flnandal rlskg, parttcularty tho m&asurgmenl of work wtlh young pttople during the pandemlc. Procèssès and procedures lo monltor pertomiance were re￿eWed and updated to ensure mor¢ tlmely Inf(vmalion was provided lo managers. In th18 way. oarly Interventlon and correGtive aotlon wa¥ undertaken to address any underperfomanoo al Ihe earliest posglble polnt. Th￿• monllorfng reports are also collated on a quarterly bB$l$ to fvrther evidence the charfws publjc b￿erIt. YOUTH FEOERATION LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 12. REFERENCE AND ADMINISTRATlliE DETAILS Day-tO-d8y managomenl of the charfty is delegated to th8 Chlof Ex¢cullv&, Ch￿9 Hlndley, and the Senlw Leadershlp Toam. To ensure projects keep ￿￿thIn budget and progre35 against youth work targets ale monItor￿, monlhly progres? r8POrts ara $Ltbmlttèd lo the Senlor Leadershlp Team meelng, Th¢ Chair allends Ihe Senlor Leadersh Team mtèllng on a qua¢tsrly ba$l6. STATEMENT OFTRUSTEES. RESPONSIBILITIES The tiu$tees Iwho are also diroctors of Youth Federation Llmlled forthe purposes of ¢ompany law) 810 16sponslble for preparfng the Tnjstees. Annual Report *rtd th¢ l(nan¢lal ¥latomeJJls In aGcordance with applicable law and Unlted Idngdom Accounllng Standards (Unlted Klngdom GenerallyAccepted Accounung Practlce). Company law requlres the Irusl¢e8 to prepare finandal statements for each linanclal yéar whkh glw a trut and lalr WI￿ of the slate of ?ffalr8 of the chailtable company and the group and of tho InGomlng re8OUTce3 and appllcalion of resources, Includlng the Income 8nd exp¢ndltLtre, of th¢ ¢harltsblo group for Ihal perlod. In preparfng these Iln8nclal stalemenls, the trustees arg r¢qulr¢d to: Select suitable aC￿Unkng polld8$ ond apply them Con8lstsn￿y. Ob8eNe the mglhods 8n¢J princlples In the Chadlles SORP (FRS 1021; Mèkèludgements and estlmales thal reasonable and prudent. ststè whelherappli¢able UK accounting standards have been followed. sub￿¢1 to any Mats￿al d9partureB dlsclosed ar￿ explalned In the flnanclal slalements,. 8nd Prepore the accounts on Ihe golng concern basls unless illg Inapwoprlats to presume th8t the charikble mpanywlll wllnue In buslnegs. The trustee8 are responslble for keeplng proper accountlng r&¢￿1 that dlsdose wtth reasonable accuracy at any Ilme the ftnanclal poslllon of Ihe ¢hgrllablo ￿MpanY and enabte them to ensure that the flnanclal stalémanls ¢ompy th th& Companles Acl 2006. They are al80 royponslble for safeguardlng the assets of the charltablo company and groLtp and henre for laklng reasonable steps for the preventlon and d8l¢ct4on of fra(Td and other Irregularflles. DISCLOSURE OF INFORMATION TO THE AUDITOR In 80 far as the trusteos are aware al the tlme of approvtng the tru$1￿$, annual r¢w)rt.' there fs no relovanl audit Informallon of whlch the charitable group's audilor 1$ unaware.. and the trustees hav8 taken all steps that thoy ought lo have laken lo makè th#m6è1ve$ aware of any relevant audll Infomialon and lo establish Ihal the auditor is awaTe of thal Infom)allon. AUDITORS Xeinadln Audll Llmlted have expressed thelr wllllngness to rgmaln In office as audltor¥. Approved bylhe Board on 14th November 2024 and S19n￿ on Its behalf by.. artln B Pearson Chalmian INDEPENDEhlT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH FEDERATION LIMITED FOR THE YEAR ENDED 31 MARCH 2024 13. OPINION We have audlied the Inan¢lal swemonts of Youlh Feder￿0￿ Llmlled {fhe 'parenl tharftable compan￿) and Its 8ubgidiary (Ihe 'group'l lor the year ended 31 March 2024 whlch comprlge the consolldaled slalement of flnanclal advltles, the group and parent charttab18 ¢omp$ny bal4nc$ $h$ots, tho COn￿lIdated ¥l¥18menl ol ca$h ffows and the noles lo tho nnanclal $tafrm8nl$. Indudlng a summary of slgnlflcanl accountlng pglicle3. Tho financlal repDrtln9 framewoth that has been applled In thelr preparallon Is appllcable law and Unlted Klngdom Accounllng Standards, IndudSng Fln8ndal Reportlng Standard 102 Yhe Flnanclal Reportlng Standgrd apFll¢ablo in tho UK ¥nd RopubllG of Ir&land' Iunltod langdom Gensralty Accepted Accounting Practlc8). In ¢￿r oplnlon, the fln8nclo1 stotsmenl8: glve a Ime and falr vlew of the state of the gioups and of the parent charltable compan￿8 affalrs as at 31 March 2024 and of the group's and charftabl6 companls Incomlng resources and appllcatlon of resources, Indud4ng lls Incornfr and expendllure, for th8 year then end￿. have been properfyprepared In accordance with Unlled Klngdom Ganera]lyAccepted Accountlng Practlce; and have been prepared In aco)rdance ￿th the requlrements ol the Companles Aci 2006 and the Chartll8sAct 2011. BASIS FOR OPINION We conducted our audit In accordanc& ￿th Internatlonal Slandards on AudllSng (UK) IISA$ IUKII and appli¢•bl¢ law. Our re$pon$lbllltles und¢r thoso $landard$ furthtr d¢SctIb￿ In the Audilgrfs rè$ponslbllllStr9 for Ih¢ audit of the flnanclal 61alem&nl$ $¢¢tion of our ieport. We independtrnl of tho group In accordance wtlh the ethlcal requlrements that ore relevant to OUT audtt of the finandal stalèmenls In the UK, Includlng the FRC'S Ethlcal standard, and we have fulfilled our other elhlcal resprmslbllllles In accordance ¥￿th these requlr6rnenls. We béllèv8 that the 8udll ¢¥ld0n¢e we hav¢ 0btaln¢d 1$ 8uffld8nt and appropdattr to provldo a ba81$ lor our oplnknn. CONCLUSIONS RELATING TO aoiNG CONCERN In audltlng the flnanclal slattrmonts, wa have conduded that thè Iru8lee$' use of th8 golnu concern basls of accountlng In the preparallon of the ljnanclal 3tatements Is approprlale. Based on tho WO￿ we have perfom)od, w¢ have not Identlfled any materlal uncertalntles relatlng to evenl$ or ¢ondlllons thal, Indlvldually or ¢oll&cttvely* may cast sl9ntflcant doubt on tho ¢hartWs ablllty lo eonUnu& ag 4 uolng concern fly a pe￿￿d ol at least ￿9]Ve month8 from when the Ilnancial stateM￿ts aro authorlsed for I￿Ue. Our rospon¥ibllllle$ and tho r¢sponylbllltlo3 of tho ￿th respect to oulng con￿r￿ are d¢8Grlbed In the relevant 8ectlotis of thls report. OTHER INFORMATION The Iruste?s are responslblo for the olher Inftsrmauon. The other Inforfflalvjn ¢ornpri8e3 the Infomialion Included In th& trustees. annual report olher than the financlal statements and our auditorf$ ieport thereon. Our oplnlon on the financSal slalemenls does not cover the other Infomalion and, excepl to the extent othe￿[$& expllcluy $t818d In our report, ￿ do not expro$$ any form of a8$uran¢& con¢lu$lon thor￿1. In connecllon with our audh of the finan¢Fal tstalemènls. our respoMibllity 18 to read the other Infomiallon and, In dolng 80, ¢on$ldor wholher lh¢ olh¢r Informatbn lo mal¢rlally In¢on$lsl¢nl wllh the flnan¢l$l $latsmgnts or our kno￿edge oblalned In the audll or othenyise appears to be matertally mlsslatsd. If we Idenlfy such malerlal InCOn￿Stende8 or apparent materfal mlsstalemenls, we are requlred to detemlntt whelher there Is a malerlal mlsstatèment In thè flnanctal $talemanl8 or a materlal mls8t8l•mont of thg other Infomiatlon. If, based on th& work we have performed. we conclude that theTe Is a malerlaj ffli861atement olthis other Informatlon, we are requlred to Wa h•v• nolhlrwj to 10POrt In th1$ r¢gard. INDEPENDENT AUDITOR'S REPORT TO THE MElaBERS OF YOUTH FEDERATION LIMITED FOR THE YEAR ENDED 31 MARCH 2024 14. OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIESACT 2006 In our opink￿, bosed on the work undertaken kn the course ol th& audll: Ihe Inforn)allon glven In th¢ R$port of tho Twstè&g, whlch In¢lud88 the direclors, rèport lor th• purpose of eampany law, lor the flnanclal year for whlch the financlal statements are prepared Is conslslenl with the fln?n¢lal 8lalements' and the directors, repurt Induded wllhln the Report of the TrusteeB has been prepared In 8c40rdance wlth apP￿cabI0 legal Tequlrements. MAThERS ON WHICH WE ARE REQUIRED TO REPORT 8Y EXCEPTION In th¢ Ilght of lh• knoWI￿ge and undetstanding of the envifonmenl of the charjtable company and the gfOUP obtalned In the course of the audtt, we hava not tdentlll8d mater1￿ ml8stat8monts In thè dtr0Ctors' raport In¢luded wlthln the Report ofthe Truste8s. Wo havg noihlng to report In reSp￿t of thg followlng roatters where the COMPan￿S Act 2006 requlreg us to raport to you If, In ouroplnton: adequatè ac¢ounllng ro¢ord$ havè [￿t been kept or relums adequate for our audll hav6 not been récelvod from branches not vlslled byus. or the Ilnanclal 8talements are not In agreement w￿h the aocounlng records and relum8' or artaln dl$clo$um8 of trusleas, remunerauon spedfied by law are not made: or we have not recelved all the Infom)alion and explanallon9 we requlra for our audlt., or the trustees were not enlilled lo prepare Ihe flnandal slatemenls In accordance wlth the small companl¥s ioglmty and lake advarslage of the small compBnles' exempllons In preparfng the trustees. report and from the requlromenl lopiepare a stratsglG repoTL RESPONSIBILITIES OF TRUSTEES As explalned more fully in the Statement of Tntstees Responslbll1￿s, the trustees, who are also tha dk8olLVS of tho charltabte componyfor the purposes of company law, are r6sponslblè for Ihtr préparatlon of thè finandal 8tatsm¢nts and for bèlng salisfled that they glve a true and falr vlew, and for such Inlemaj control as the Iruslees delernilnelg necessary lo enable the preparallon of financlal statements that are freè from materlal mlsstatemenl. whelher due to fraud or error. In prèparÉng the Ilnan¢lal slatements, thè IrLtsts88 ar• i¢sponslblè for 888èsslng thé charllablo ¢0mpangs ablllty to conunue a3 a golng ¢oncem, dts¢1031ng, as applicable, matters related to golng concern and u8lng the golng concern basls of accounuhg unless the twslees either Intsnd lo Ilquldate fhe charflable company or to cease operatlons. or hav• no rè8ltstlc alternall￿ Ixrt to do so. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our oblecllves are lo oblaln reasonable assurance about whelheT the financlal Statements as 8 whole aro fr88 from maleilal mlsslatsm¢nt, wheth&r due to frnud or error, 4nd to l$$u¢ an auditofs r¢port that Indude8 our optnlon. Reasonable a88uran¢e 1$ a hlgh lèvel of assurance. bul Is not 8 guarantee that an audll conducted In Bccordanoo th ISAS {UKI ￿11 alway8 dolecl a malorlal mlsslalement when It exlsls. Mlsstatements can arlse from fraud or ¢rror and arg consld$rod motorfal If, Indlvldu8lly or In th$ 4ggwgte, th¥y ￿￿[d reasongbly bo oxped?d to Infl*Jence the economlc de¢lslon8 of u$ars laken on the basls ol these finandal statements. INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF YOUTH FEDERATION LIMITED FOR THE YEAR ENDED 31 MARCH 2024 15. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS {CONTINUEDI IrreguladUp8, Includlng fraud, are Instan¢as of nOn-￿m￿lanCe wllh laws and regulallons. We do$lgn prc¢edtsres In line wSth our responslblllll8s, outlined above, to delect malerfal mlssial¢ments In respect of Irregularllles, la¢ludlng fraud. The extent to whlch our plocedures are capab16 of dètèctlng Irrégularftles, Induding fraud, Is delalled bfylow. Enqulrl&$ of management and those Qharged wlth govèrnance wère held In order to Idenuty 8ny laws and r8gulatlong that could b8 expected lo hav¢ a mattsrtal Impact on the flnanclal stalamants. Throu9hotrt the audll, the team wèro upda16d wllh thg oul¢ome5 Ot these enqu]rtes Indudlng ¢c)n¥lderglitsn as to where and how fraud may o¢¢ur In the charftsbltr Company and the group. The audll procedur¢s undertaken lo address any pol&nll81 rtsk In rélallon to Irregularftles Iwhlch It)clude fraud 4nd non-complloncè wllh law8 and Tegulallons} Included: enquirfèg ol monagemenl and those charged wlth govgmance how thè ¢harllable company and group comply ￿th relevant laws, regulallons and ony c8$0$ a¢lual or polenllal liugatlon or ¢lalm¥,' •x•mlnatbn of approprlate leg￿ correspond¢n¢e', ievlew of board m5nules; lesllng of loumal èntrle$ for approprlaleness,. and analyllGal pro¢èdurs$ on account balances lo Idenllfy varlan¢•s agaln$t eKpeclallon whlL* may show Indlcalton8 of ftaud, No Instancès of m•lèrial non-compllance were Idèntllled. although the pro8pect of detecung Irregularfll8s, In¢ludlng fraud, Is Inhèrèntly dlfflcull. Thls Is due to,. dlfflcLÉIty In d&tecllng Irregularlties,. limSts Imposed by the èfféctlvèness of the entivs controls,. and the natur&, Ilmlng and exlenl of the audll procedures performed. IrregulaTIt1#8 as a result of fraud arè Inherenlly more (lifflcull to detèct than Ilw)se that rbsulllng fwm •rrtsr. Dtssplte the audlt belng planned and p&rformed In accordance wllh ISAB (UK). there Is an un8vold8ble rl$k Ihal malerlal rn1sslatemet￿ may not bo A further descrlplon ol our raspons￿lI111os for the audll of the flnandal s18tamenl$ Is locat$d at thg Flnanclal Reportlng Councll's I'FRC'S.) w*bsltè at Th1$ do8¢rlptlon fomis part of our 8udlloV$ leport. use OF OUR REPORT Thls r6POrt Is madè solely to thg chaTllable cgmpanws m&m￿TS as a body. In a¢¢ordance wllh Chapter 3 of Part 16 of the Companles A¢1 2006 and 8ectloTr 144 of the Charfllas Act 2011 and r¢gulallon3 made under sectlon 154 01 that Act. Our aud51 work has been undertaken $0 that wtr mlght state lo the charltable compAn￿$ m•mb•ts those matters ara requlred to stato lo th•m In an auditor's reporl and for no other purwse. To the fullest extent pemillled by law, W6 do not a¢copt or p$sumg r83ponslbility lo anyone other Ih8n the ¢ha￿tabl$ ¢ompany and the charflable ¢ompanl$ mombers 4$ a body, for our audll wort(, forthls report, or lorth? opinlons we have formed. stephan1• Baker BA (Hons) FCA, Sfjnlor PAatutory Audltor For and on bohalf of XelnadSn Audlt Llmlted 14th November 2024 Chartered Accountant$ Statutory Audltors 2 Hllllards Court Chestèr Buglng8B Park Chesler CH4 9PX YOUTH FEDERATION LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 16. 2Q24 Restrl¢ted Funds 2023 Total Funds Unrestrlctgd Funds Total . Funds Notss INCOME Donallons and Fe9acles Incom? from Investments Income trom charltable 8dlvttle¥ Olh8r In¢ome 51,100 50 2,318,451 4,043 101,400 25 2A02,973 8,856 1,069,151 1.067 1249,300 2.976 TOTAL INGQME 1070 218 1303.426 2 373 644 2513254 EXPENDITURE Expendlluro on ¢har4table actfvltles Olhpr expendllure Other Inan¢e ¢o¥ts 1,117.502 1,091,963 1209,465 2,436.934 6,192 291 6,483 4,S30 TOTAL EXPENDITURE 1 123,694 1092,254 2 215,948 2 441464 NEf INCOMEIIEXPENDITURE) 153,4761 211,172 157,696 71,790 TRANSFERS Gross Irangfers funds 23. 269,547 1269,547) OTHER RECOGNISED GAINS AND LOSSES A¢luarlal galns or (losseg) on deflned benefll penslon sch8ma$ 12. 20 17 NET MOVEMENT IN FUNDS 216,071 178,7921 137.279 91,790 RECONCILIATION OF FUNDS Total funds brought10￿0￿d 386,568 1,232,974 1,619,542 1,527,752 TOTAL FUNDS CARRIED FORWARD 23. 1154 182 1756 821 1619 $42 Th$ slal&monl olflnandal aC￿vItIeS Includes all 9alng and109$¢8 re¢ognlsed In Ihe year. I In¢omg and $xptrndllLwe derive from conllnulng actlvltlès, YOUTH FEDERATION LIMITEQ COMPARITIVE CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES {INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 17. 2023 Re$trlcte Funds Unrestrlcted Funds Total Funds Notes INCOME Donallons and Fogad$4 In¢ome from Investments In¢om¢ from ¢h8rfitabl¥ athlflos Other Income 101,400 25 915,168 3,206 101,4DO 25 2,402.973 8,856 1,487,805 TOTAL INCOME 1493 455 1.019,799 2,513,254 EXPENDITURE Expèndllure on ¢harflabfe actM1198 other expendlture Other ftnan¢e co¥1$ 1,442,149 994,785 2,436,934 1,319 4.530 TOTAL EXPENDITURe 1,445 380 2 441 464 NET INCOMEIIEXPENDITUBE) 48,095 23,695 71,790 TRANSFERS Gross trangférg balWgOn fu4d¥ 23. 24,398 {24,398) OTHER RECOGhllSED GAIN$ ANO LOSSES Actuarlal galns or (losses) on definad benefit p¢nslon s¢h&ma$ 12. NET MOVEMENT IN FUND$ 72,493 19,297 91,790 RECONCILIATION OF FUNDS T4)lal fund8 bioughl fts￿ard 314,075 1,213,677 1,527.752 TOTAL FUNDS CARRIED FORWARD 1232 974 1619542 The statsmenl of fInancI￿ acllvlll&s Includes all galns and loss8s racognlsèd In th• ￿ar. All Income and expandllure derlve from ¢ontlnuSng actlvllles. YOUTH FEDERATION LIMITED CONSOLIDATED BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2024 18. Group Charlty 2024 2023 2024 2023 Notes FIXED ASSETS Inlanglble assets Tanglbl& agsals Investment propgrty Inveslmea)Is 14. 15. 3,379 781.552 731,917 29,269 13,901 16, 784,931 743,405 29,270 13,902 CURRENT ASSETS D¢blors Bank and cAsh 17. 374.350 856714 1,231,064 276,159 958 395 1.234,$54 471,102 590 496 1.061,598 313,212 345 192 658,404 CREDITORS: Amounlg falllng duo wmhln onè ￿ar 273,128 85,958 74.473 NET CURRENT ASSETS 971890 961426 583,931 TOTALASSETS LESS CURRENT LIABILITIES 1,756,821 1,704.831 1,004,910 597,833 CREDITORS: Amount$ falllng due after moTe than one year 20. 1682891 DEFINED BENEFIT PENSION SCHEME LIABILITY 12. 117,0001 NET ASSETS 1756 821 1619 542 1004 910 FUNDS: Unreglrlcted funds Restrfcted funds 23. fj02,fj39 1,154,182 386.566 1,232,974 386,567 211,266 402,280 TOTAL FUNDS 1,756,821 1,619,542 1004,910 597,833 Thg trustses ha￿ prepared group accounts In accordance wlth sectton 398 of the Companles A¢t 2006 and $e¢llon 138 of the Charflle8 A¢1 2011. These accounts arg prepared In accoTdance wlth the special provislons of Part 15 of Ihe Companles Act relallng lo small companles and con8tllule the annual accounts Iequlred by Ihe Companlg$ knt 2006 and for Glrculallon to members of the company. The not¥s on pag09 20 10 40 form part of Ih$$tr ac¢ounts, Appmed byth¥ BO1￿ ol Tru81¢$8 4nd slgned on Ils behalf gp Martln 8 Pearson Chalrm8n 14th November 2024 YOUTH FEDERATION LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 19. Group Charlty 2024 2023 2024 202¥ Notes NET CASH INFLOWIIOUTFLOWI FROM OPERATINO ACTIVITIES 26. 59,254 12S,S641 279,639 283,874 CASH FLOWS FROM INVESTING A¢nvI￿ES Interest Income Purcha$è of langlbl¥ flxed a$$&ts Sale of tsnglble Ixed assets (8,4831 176.096) 13,5301 160,051) 134,335) {1,014) CASH PROVIDED BYIIUSED IN) INVESTINO ACTIVITIES {82,579) {63,561) 134,3351 {1,014} ASH FLOWS FROM FINANCING ACTIVITIES Repayment of borrowlngs 178,3561 110,380 CASH PROVIDED BY FINANCING ACTIVITies 178,3561 110,3801 INCREASEIIDEGREASE) IN CASH AND CASH EQUIVALENTS IN THE YEAR . 1101,681) {99,545) 245,304 282.860 Cash and cash equlvalents al the teglnnlng ol thè yaar 958,395 1,057,94Q 345.192 62,332 TOTAL CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 858,714 958,395 59L1,496 345,492 YOUTH FEDERATION LIMITED NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 20. 1. ACCOUNTING POLICIES Charlty Informatlon The Youth Fedgrauon Llmltèd Is a re9lslered charlty (11432311 and prlvate company (076049161 Ilmltsd by guaraTht&a Incorporated In England and Wabs. Th& prlnclple address 18 20-21 Rossmore Buslness Vlllaoè. Ellèsmère Port, CheshlTe, CH65 3EY. The Charitable Compan￿9 flnancia5 statements h8v& b&en prepared In complffiance wllh the cha￿19$sORp IFRS 102) issued 1 January 2015 (update bu11811n 2. eff0¢ll￿ 1 January20191., On 6 O¢tobèr 2011, th& Youth Federa110n for Cheshtre, Halton. Warrlnglon and Wlrral {chailty number 1143231-21 and Our Spaca MacclesfSeld Icharfly number 1143231-11 became consllluènt ¢harltlès of Youth FÈdèraUon Llmitad by a unlling order under $eclSon 96{5) of the Charllle$ Ad 1993. On 05 October 2023, the Lord% Tavemèrs Woodgide Youth Centr$ l¢harfty number - 114323141 wa8 ¢lo$ed and all funds were translered to the par$nl. In accordance wllh ihe Chadlle8 SORP, Ihe consllluenl charill&$ hav$ b8en ac¢ount6d for as branches of Youlh Fgd&raUon Llmlled and as $u¢h Ihèlr Indlvldual transacllons and balan¢e$ have been aggregated wlth those of Youth Federallon Llmlled a$ If th&y have formed slngle £harlly. Changlng Young Llves LlmStsd 1$ also th& 801$ shgieholder of the Iradlng &nllty Changlng Young Llves Llmlted (company numb¢r 083382481. No separate SOFA has be&n prnsented for the chadloblo ¢omp8ny alon& as permltted by Secllon 408 of the CompanS09 Acl 2006. The net Incom• for thg Charliy for the year beforg oth¢r recognbsed galns and10sstr3 was £408.32212023: £196,197). References to 'Group' or 'Congolldaled' means the parent ¢harltsbl6 company, all Ilnked ¢h•illl¢$ and tho $ubsEdlary undertaklng, Changing Young Llves Lknlted. Referen￿$ lo"CharlV' means the parent charllabl company alono 1.1 Accountlng ¢ohventlon The flnancl81 $1816ments have been pr¢parad In accordance wth the ch8rty$ govemlng document, the Companles A¢1 2006 and 'Accounting and Reportlng by CharfU¢s: Statement of R¢¢ommendèd Pract1¢& appI￿Gable to ¢harfliès pr•parfng Ihelr accounts In ac¢ordan¢e ￿th the Flnanclal Roporllng Stgndard appll¢able In Ihe UK and RepubllG of Irtrland IFRS 1021" las amènded fr*r ¥¢¢ounllng perlods commenclftg from 1 January 20191, The ¢harliablÈ company 19 a Publlc Benefll Erbllty as dofinttd by FRS 102. The flnancial statements are p￿Pared In 81erling, vthlch Is tho functlonal GUTrency of th¢ ¢hgrlly. Mon6lary amounls In Ihes& financlal ¥latements aro rounded to the neare$l £. The fln8ndal stalernon18 havo been prepared undei tho hlgtorlcal ¢osl convenllon, modlfled to Includa th• ravAlu8llon of certaln flnanclal Inslnrmenls al falr valuo. Th• prfnclpal accoLÉnllng pollcles adoptsd aro sèt out below. 12 Basls ol consolldatlon Tha consolldatsd flnanclal gtslements Include thè re$ults of the choi11￿S wholly owned Su￿1d18ry undtrrtaklngs and Ilnked charilles for whlch Youth Federallon LIMI￿1$ sole eorporate Iruslee as Itsted All flnandal $latementg are made up to 31 M•r¢h 2024. All Intra-group Iransaclbn8, balanc9$ #nd unreallsed galfts on transactlons bètween group enllues are ellmlnated on consolldallon. Unreallgod loss&s are also ellmlnatèd unlèss th• transacllon provldes evldence of an lrnpalrmenl of the asset transferred. 1.3 Golng ¢¢n¢ern At the tlm& ol approvlng Ihg flngnclal slalemenls, the tN$tses have 8 reasonable expectallon that the Charlty has adequate resour￿$ to cOntIn￿ In OP8fallonal $xl$t&nce for Ihe foreseeabl8 future. Thus thè tru$l¢¥$ ¢onth)u& lo adopt Ihe gdng ¢oncèm basls of accounllng In preparfng th$ flnanclal statements. YOUTH FEOERATION LIPAITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 21 I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES {cont.I 1.4 Charftoble funds Unreslrlcted funds are avallable for us& 41 th¢ dlscrellon of the trustees In the furthoian¢o of Ihg ggngral oblectsves of the Charlty. Re$lri¢l•d fvnds are sublecl lo reslrlctlons on Iholr oxpondllura Imposed by the donw or throu9h the Slipulaled 1giTD8 of th¢ contract or appeal. Delall8 01 thè natura and purpose of each re8trlGled fvnd oye $91 out Fn note 25 of the accounts. 1.5 In¢om¢ Incom& 1$ facogn19ed when the charlly has ¢ntillomont to funds, any p8rformance conditions attathgd lo the Itemlsl of Incom$ havg bgèn mel,11 Is probable that the Income ￿11 be tgfjolved, and the amounl can be measuied iellably. Incom& from charltablo *¢1fvi11o$ 18 daf•rrad unUI entitlement to Incgm9 hay pa$$od when recolvod In advan￿, For donaUon$ to bè reeognlsed the Charlly ￿11 ha￿ begn nollfl¢d of the amounts and Ihe selllement dalo In wrlllng. If there ar? condlllL)n$ att¥¢hed lo the donallon and th1$ r8qLtlf$$ a lèv81 of performance before 6nllllemenl can h oblalned thon Incom6 Is deferred untll those condllions arb fully met or the fuMIMenl of tho$9 condlllons Is wlthln Ihe control of the ¢harlty and It Is probable that they S￿11 be ftsifilled. Ineomg from gov&mm&nt and other grartts. whother 'caplt81' grants or'rev&nue' gTanls, Is r8cogn13ed wh•n the Charlty has ¢n15Uemenl lo the funds, any performance rondlllon¥ attached to the grants have been met, It Is probabl8 that the Income wtll b$ r8¢glved, and the amount can bo m¢a$ur¢d rèllably and Is not deferred. Inveslm8nt In¢oma atlsès from Ihe monles held In the Charltl$ bank d&poglt account and has been rècognls&d on a recefvable ba815. Donatsd lacllltl¢s And donated prolessstrnal $trNl¢è$ arè r6cognlsed Sn Income al their falr value when Ih¥lr economlc benefll 1$ probgblè, 11 can be measured Tellably and th$ Charfly has control over the Item. Falr V8luè is d&teimlned on thè basls of th& valuo of th& glft to the Charity. For examplo thè amount thè Charlly would be wllllng to pay In the open mark¢l for $uch ladlliles servkes. A ¢orrèspondlng smounl 1$ recognlsed In expondfture. 1.6 Exp8ndltur• All expendllure Is accounted for on an accruals ba$ls ond has been classlfled under headlngs that 89or8gatè 011 costs related lo th? category, Expendllure Is recognlsed who1& thgrè Is a legal or constructive obligallon to make payments to third part10$, li ts probable that the 8ettl•monl wlll ￿ rèqulrèd and the gmounl of the obllgalon can be measured rellably.11 1$ cat¢goris¥d under the follo￿ng headlngs: Expondlttsre on charltable act￿￿103 In¢lud¢s costs assoclaled wllh the daliveryof th¢ CharKl$ youth work prolects undertaken to lurther Ihe purpose8 of the Charfty and tholr èssoclated support costs. other expendlture represents tho￿ Ilemg not falllng Into any other headlng. Iriecoverable VAT 1$ ¢hgryed as a co$1 8galnsl the aclivlty for whlch the expondllure was IncuN8d. Allo¢arion o18uppon cosi$ Support costs Ihosa functlons that assist the work of Ihg th8rSty bul do not dlreclly undertake charltable aGlvllf¢$. Support costs Include back offlce ¢0818, flTianfjo* pgrsonnell payroll and governance e0918 whlch 8UPPOrt the Charitys actlvllles. Where support C08t8 eannol bè dlreclly aurlbuled to rtl¢ular headlngs Ihey have been allocatsd on ¥ pro-rala basls conslslent wllh use of th¢ re$ourcè$. YOUTH FEDERATION LIMITED NOTES TO THE ACCOUNTS FQR THE YEAR ENDED 31 MARCH 2024 22 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIE¥ (¢ont.I 1.7 Inlanglbl• flxod assets other th4n goodwlll Intanglble asset$ 4cquirg11 Separately from a buslnè$g are recogn15ed al cost and $ubsequenlly measured al co31 te8$ accumulated amorttsatlon 8nd a¢Gumulaled Impalmenl loss¢$, Amortl$atlon18 recognlsed so as to wrlto off tho ¢051 or valuallon of ass¢ts1g$$ Ihelr Tesldual values ovor thelr us?fvl INes on the following bAsè$.' Software 3 years $tralghl Iln• 1.7 Tanglblg flxed assets Tanglble flxed a83els are 81ated al cost l•s$ a¢¢umulaled depr&claUon. D¢prs¢lallM l¥ prO￿ded on all langlble flxed Assets, at ral¥s ¢al¢ulaled lo wrlle off the cos( lèss esllmated resldual value, of eaeh a¥¥?t tvenly over Its exp¢cl¢d ussful IWe, as follows.. Offlce eqLtlpment and compylers Ten8nts' Improvomtnl$ Long lepsehold 15% r¢du¢lng balance11-3 ￿a￿S stralghl Iln• Over the lease l&rm Over Ihgl¢89o term The Group has begun the appll¢allon process lo obtaln plannlng p$rmisslon to construct a youth c•nlro on the Our Space Macclèsflèld land. Th1$ has been dasslnèd a$ an A8$el Under Con81rucllon and as su¢h no dépre¢lalltsn wlll bo charged on Ihls untll th& asset 1$ completed. L¥nd In¢luded In the above Is Indudod 01 falr yalu?. The a880clated hlstorfc ggln vak4allon IB recorded In the revaluauon rasèrvè. 1.8 Investments In￿SIm￿nI8 In subsldlartes are valuod al ¢o$l1o$8 provlslon for Impalrment, 1.9 Debtors Trade and olhér dèbbr$ are recognlsed at th¢ settlement amount due. Any1088es arlslng from Impalrment are recognlsèd In èxpttndllure. 1.10 Ciedltors and provl$k*ns Credllors and pro￿$10n9 arg recognlsed where the chailty ha$ a pre$¢nt obllgallon resulllng from 8 past &V8nl that ￿11 pfobabty result In the transfer of funds lo a Ihlrd party and the amounl due to 8etlle the obligallon can be measured or •stlm8ld r•llably. Credltors and provlslons ¥re normally recognlsed al Ihelr ¥setUement amovnt. 1.11 Flnanclal Instrumènts Tho ¢harlly only has flnanclal a$gel$ ¥nd flnand81 IlabSlllles ol a klnd that quallfy as baslG flnanclal In$lruments. Baslc flnanclal In$lrum¢nts are Inlllally recognls8d al Iransg¢lltsn value and subsequently mea8ur6d al thglr selU&mènl Va￿0. 1.12 Optratlng leas0$ Rentals p¥yable under operallng leases are chargÈd In the SOFA on a stratghl ilno bas1$ ovèr tho tsrni of the lease. YOUTH FEDERATION LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 23 I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Icont.) 1.13 P•nslons The charlly operates a defined conlilbulk)n plan for Ihe benefll of Its empbyees. Conlilbutlons are exp6n8èd as they become payable. The Charfty usad lo offèr a dgflnèd bènefft In81 $alary gch8m8 for the ben•fil of certaSn empk>yee6. Th18 scheme Is no long•T offarod lo employeos. Thè daflnod bèn￿1 scheme Is thè Choshlre Penslon Fund, whlch ts a multl-empioyer flnal solary 8thema whèrè thè shara of the 99Sèts and Ilabllltlos 8ppllcable to the charSty hav& been Idenllfied by an ac1uar￿1 valuatlon. The assets ol the scheme are held separatelyfrom 1ho$e of ea¢h employ61 In a fund odmlnlst¢r•d for tho b¢nalll of Local Authorlly •mploye6s and those olher scheduled bodles and Is admlnl8lered In a¢COrdan￿ wllh tho Lo¢81 Govarnmant Ponslon Schem& Re9ulallons 2013. The charlty made a paym¢ntDn the 29 Fobruary 2024 of£3f.000 to •xtlnguish all exSstlng and futur6 LGPS Ilab111116s ond as a result Youth FederatlM 1$ no lon9¢r a partl¢lpalln9 omplow In the pan$lon fund, 2. JUDGEMENTS AND KEY SOURCES QF ESTIMATION UNCERTAINTY Crltlcal accountlng estlmatgs and ludgem•nts In thè 8ppltcatlon of th8 Group and Charitys accounllng pollcles, the trustees are requlred lo make ludgemenl, esurnales and as8umpllon$ 8lx)ut tho ¢￿￿￿9 ¥mounl of assets and Ilabllltles that Bre not readlly apparent from other sources. The esllmales and a$socl#led as$umpUons are based on hlstorfcal expert8nc& and oth¢rfa¢tOfS tbal are consld6red lo be relevant. Aotual results may dlffer from thesp esthmates. Tho èsllm81ès and und&rlWng assumptk*ns are revlewed on 4n ongolng ba818. Revlslons lo accounting eslSmal88 are Tecogni8ed In Ihe ptrrfod In whlGh Ihty ¢stlmal& Is revlsed where the revlslon affects only Ihol period. or In the perlod of the ievl8ion and futu￿ p&rlod$ whwe Iho ￿vIsIOn aff&Gts both Currenl and future pèrlod$, Key $our¢es of e$liM8￿0￿ uncenalnty Th¥ e$tlmalo$ and a$sumpUons whlch have a slgnlflcanl rlsk ot causlng a material adlu8lment to the carrying amount ol assets and Ilabilllles are a8 foloK: Delenmning u$oful e¢onoml¢ livo& of planl and •quipm•nt Thé Char￿Y deproclBles langlble assets over Ihelr esllmaled useful Ilves ba80d on hl$lorf¢ porforman¢$. Th¢ actual lives can vary. Penslon fund Thè Group rècogxlgeg a definad benefil penslon Ilablllly In the accounts. Th18 [8 based on a professlonal a¢luxrlal valuatlon of the Ch69hlre Penslon Fund. As Ihe fund conlrlbulons and valuallons are based o assumpllon8 the actual Ilablllty {or a¥$¢l) could dlffor. Land valuat￿n Assets under ¢on$lw¢llon contaln landst Our Space Mgcclesffield. The falr value of Ihls land hAs been determlned by uslnu thè $alès valua of an hlslortc salè, and applylng that to the residual land retalned from the sale. The gales value wa8 based on a v￿UatIon carried tsut by Brgbnèrs LLP, Chartered Survèyors. Thls Is based on #n oplnlon and the actual value maydlffer. YOiITH FEDERATION LIMITEO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 24 3. DONATIONS AND LEGACIES 2024 Unre$trlct•d Funds 2023 Unr•strlct•d R•strl¢ted Funds Funds R•slrlct•d Funds Group Donallon$ from Indlvldua18 and ¢oJporales'. Youlh Federallon for Ch8shlre, Halton, Warrlnglon & Wbrral Our Space Macclesfleld 50,100 51.400 s#,doo 101,400 Tolal funds 101400 Charlty Donallons from ￿dI￿d￿81$ and corporates Chan9lng Young Llvos Llmllod Woodsidè Youth Centre 251.466 127,714 330,644 379 180 330 644 Total funds 379 180 330,644 4. INCOME FROM INVESTMENTS 2024 Unrestrlcted Funds 2023 Unr¢strlct•d Rostrl¢tsd Funds Funds Restrlet•d Funds Group Bank Interest rec•lvablo 50 25 so Total fund$ 50 25 Charlty Th8 Charity dkl not r¢¢*lv• any In¢omtr from Investments for th8 year ended 31 March 2024 noT the year onded 31 Mai¢h 2023. YOUTH FEDERATION LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 25 5. INCOME FROM CHARITABLE A￿1VITIEs 2024 Unrestrl¢tÈd Funds 2023 Unrestrlcted Restrlcted Funds Funds R•strl¢t¢d Funds Group Youth Feder811on fvr Che$hlre, Halton, Warrlnpion and Wlrral Central Support Community Leaming Arele Foundallon Mental Health & Wellb¢lng Tralnlng 2,785 4,000 10,000 20.847 20,847 Sustalnabifitysupport 2,500 Back On Track Better Start Chlldr6n In Need Schools Actlvlty + Adult communlty learnlnu NCS EPP Llvlng Your Best Llfe MÈntal Hoalh & Wollbol Multiply Wlrral New Futuro$ Spotllghl Project #iwiii Green Ambassadors Pllgrlm's Trusl Um111¢89 YOU Youth External Event YEE 25,000 14,342 17.401 77,000 6,293 25,000 19,659 34.801 13,598 25,412 80,502 38,333 64,095 1,000 44,884 3.955 10.000 10,000 30,000 11,010 381,431 305,642 398,21 926,989 YOUTH FEDERATION LIMITED NOTES TQ THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 26 S. INCOME FROM CHARITABLE ACTIVITIES {cont.I 2024 Unrestrlcted Funds 2023 Unrestrlcted Re$irf¢t¢d Funds Funds Restrl¢ted Funds Group (¢ontlThuedl Yourh Federfjtlon Llmired Active Cheshlre BaYJk of amorlca Ktckstart MYA- YFF Other Pledga Support Careers & Engagement Pro9rammè- NHS SeeTe¢h Talent Match Thls Is Your W$$lmln$ter Foundauon Back on Ir8ck CEC prolects Warrlnglon BC UKSPF CWCC UKSPF 12,000 60,988 12.000 56,016 237,205 202,399 23,000 78,555 72,751 20.187 214,145 so,000 101,361 24.998 68,473 25.000 209,777 50,000 f24,003 167.537 851,084 164,73T 586.179 Changlng Young Llves Llmlted Che3hlre & Warrington Pledg6 Natlonal Clllzen Seryl¢¢ Skills Botsslèr The Pledge Access 226,359 458,429 64,613 152213 332,592 628,276 114,50T 247,693 1,323.008 TOTAL 1069 151 1249 31)0 1487 805 9t5 188 Total funds 2 318 451 2 402,973 21)24 Unr•slrl¢ted Funds 2023 UTrrestrlct•d Restrlcted Funds Funds Restrlcled Funds Charlly Acuva Cheshlr8 Bank of america Klckstart MYA- YFF Other Pl8dgè Support Careers & Engagement Progr8mm6- NHS Se&Tech Talent Match Thls Is YOUT Llle Wo8lmln$tsr Foundallon 8ack on track CEC projects Warrlngton BC UKSPF CWCC UKSPF TOTAL 12,000 60,988 12,000 SU,016 237,205 202,399 21,799 23,000 53,534 78,555 72,751 20,187 214,145 50,000 101,361 24,998 68,473 25,000 209,777 50,000 124,003 51,084 Total funds 1018,622 750.916 YOUTH FEDERATION LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 27 6. OTHER INCOME 2024 Unr¢$trlct•d Funds 2023 Unrestrfcted Restrlded Fund$ Fund$ Restrlcted Funds GTQUP misc6llan8ous Iw)m 2,977 3,206 Total lund5 2024 Unrestrlcted Funds 2023 Unreslrlcted Restrleted Funds . Funds Restrlcted Funds Charlly Mlscellaneous In¢ome 1,056 Total furKI9 7. EXPENDITURE ON CHARITABLE ACTfdiTIES Not•5 2024 Unrestrlcted Funds 2023 Unrestrlcted Restrlcted Funds Funds Restrl¢t¢d Funds GroLtp Staff co$1$ Other costs Goveinancts costs 644,921 440,798 31.783 931,831 158.970 1,162 832,306 600,877 8,966 822,812 162,823 9,150 1 117502 1091,963 1,442 149 994,785 Tclal fund$ 2,209 465 2,436,934 Notes 2024 Unrestrleled Funds 2023 UnMstrl¢ted R¢strlcted Funds Fundy R•$trl¢ted Funds Charlty Staff ￿$ts Olh8r costs Governance costs 11. 337,120 77,087 25,993 520,233 31,340 348.953 62,114 8.966 437,495 17,355 551573 420 033 454 850 Total funds 991773 874 883 YOUTH FEDERATION LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 28 8. GOVERNANCE COSTS 2024 Unrestricted Fund$ 2023 Unrestrlctgd Restrlcted Funds Fund$ R•$trlctod Funds Group eelings and conferen￿8 Audllovs remuneratton Profgs¥lonal and legal fees other govemance costs 4,610 14.790 11,276 1.107 1.691 4,000 8.000 1,150 925 237 TOTAL 31,783 Total Fund$ 2024 Unreslrl¢ted Funds 2028 Unrestrlcted Restrlct•d Funds Funds Restrl¢ted Funds Charfty Meetings and conferenc Audltofs i¢munor8llon Professlonal and legal fees Olhèr govemance eosts 4,610 9,000 4,000 3,305 1.107 TOTAL 8.996 Total Funds 25.993 FINANCE COSTS 2024 Unr•Str1￿ed Funds 2023 Unresirlcted Resirlcted Funds Funds Restrlcted Funds Group Defined b8nefll penslon Interest othar Inlar8st 1.000 319 291 3,211 TOTAL 291 Totsl Fund$ 6,483 Charlty The Charlty dld not IncLtrf any financ• cosls kn th8 yaar lo 31 Mai¢h 2024 nor 31 March 2023. 10. TRUSTEES. AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES Th8 trustees nèlther rec8lvad nor wal￿d any r6munorallon durlng the year {2023: £nlll. The truste88 dld not have any •xp8ns8s r61mbursèd durlng Ihè ye8r12023.' £nll}, Tho key managomenl personnel ofthe Charlty durtng the year comprl8ed Ihe Iwsleeg ol Youth Fedèratk)n Llmll and th& $enloT leAd&rshlp team l.e. the Chlef Executive. Dlreclorof Flnance and Che8hlr8 and Warrlngton Pltdgo. Dlrector of Dlrecl DelSvery, Dlr&ctOf of Fundralslng and H6ad of Op&r8Uonal Support, YOUTH FEDERATION FOR CHESHIRE. HALTON. WARRINGTON AND WIRRAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 29 10. TRUSTEES'AND KEY MANAGEMENT PERSONNEL REMUNERATION AND EXPENSES (CONTINUED) Tho total amount of 8mployeo beneljts Ilncluthng emplo￿￿¥ nallonal Insuranc8 ¢ontrlbullon¥ and emplopr pènslon conlrfbullons) recolved by the senlor leaderghlp lè•m On¢ludlng ben6fl1s provlded by Youth Federalon Llmllgd, Youth F¢dèrallon lor Cheshlre, Hallon, Warrlnglon and Wlrral. and Changlng Young Llves Llmlledl was £350,99212023.' £361,056). Thh total relates to the management ol the largor Youth F￿aratIon organlsallon, which Includes Youth F¢derallon Llmlted, Its Ilnked ¢harlli$s and Changlng Young LIvo9 Llmltèd. Th& emolumenls of O member ol the key managgmenl personnel, aro wllhln the range of £80,001 £90,OtNJ {2023'. one). One Member of staff bet￿een £90,CN)0 - £100,000 12023.. none) Conlrlbullons pald to mon&y pur¢hase penslon sch6m&s In re8pect of Such emplwes am¢)unled lo £8,1￿)I2023. £7,310) forthe year. 11. STAFF COSTS Gwoup Charlty 2024 2023 2024 2023 Group Wages and salarfts$ Sodal $¢¢udty ¢0818 Penslon costs 1,377,320 117,047 1,446,169 125,105 83,706 744.514 65,948 677,556 64.114 44,777 786 447 1576 752 8S7 453 Number of employee$ The average monthly numbor of emFdoyees and full-ttmo oquivalents durlng tha year wa$ 4612023: 96). In addlllon. a great amount of Ilme, the value of whlch li Is Impo$$lbltr to reflect In these finandal 8tatemenl$, Is donated by a number of volunteer6 throughoul Chtrshlre, Hallon, Warrfnglon. Wlrral and Ma¢desfig1d. 12. PENSION COSTS The Youth Fèdarauon for Cheshlre, Hallon, Warrlnglon and Wkral has an obllggllori lo fund any shorffall In pen$lon benefi16 payabl8 lo ex4mploy8¢s In the Cheshlre Penslon Fundj part of the local go￿rnment $¢heme, a mullr-employeT definad banèfll final Salary $cheme, where th6 $h?r¢ of th? assets and IlabSllllas appllcable to the charlly have b¢¢n Idenlwied by an actuarlal valualloft. In #¢¢OTdance ￿th the local gov¢mment penslon schamè regul?Ilons, Cheshlr8 West and Ch&$ter Councll administers th& lund. The Gharlly madg a payment on the 29 February2024 of £31,000 to extinguish all ¢xlsting 8nd future LGPS Ilablllues and a fesull YoLrth Federallon Is no longer a partlclpaung employer In tho pon$lon fund. Thare arè Tr) employoa members ol the scheme and the scheme Is now clog8d lo èntrants, roup 2024 2023 Net Interest lexpen$elfin¢ome 1,000 Rocognlsed In nel Incomèl(exp&ndltur¢l 11,QJO) Recognl$ed In oltrklr ualt)slllosses) 20,417 Total nel Incomoloaln$ recwlsed YOUTH FEDERATION FOR CHESHIRE. HALTON, WARRINGTON AND WIRRAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 30 12. PENSION COSTS ICONTINUEOI Amounts 18cognl$èd In th8 balancg sfy¢&twere as follow8: Group 2024 2023 Prestynl value of funded obllgalbn$ Falr value of plan assets (343,000). 326 000 Nel penslon schomé a$seV{IlabllJty) 17,000 ChBnga8 In Ihg piesenl value ofth9 defflned benefll obllgallon$ were as foNows: Group 2024 2023 Oponlng defined benafll obllgatbn Payment lo rgpay Ilablllty Benon8 pald Interest expense Closè down of plan obllgatlons Actuarlal galnllloss) (843,000) (414.0001 31,000 18,CM)O {71,000} 312.000 Cltsslng dtfined ben6fit 0bllua￿tsn Changes kn the falr valuè of Ihtt ￿nSIOn plan as$sts were as follows: Graup 2024 2023 Opening plan 8ss•ts Benefits pAld Intsre$t Inoome Conlrlbullons by charlty Close down of plan asgels A¢tuarlal galnlllossl 326,000 371,000 {q8,000) 10,000 7,000 6,417 1312,0001 Closlng plan ass$ts 32fj,000 The aMI￿nI Ihal ga¢h maJor cla85 of penslon plan 833ets consUtula8 of the falr value of the total plan assets was as follows.. Group 2024 2023 Equllla$ Bonds Propety Cash 140,180 127,140 52,160 YOUTH FEDERATION FOR CHESHIRE, HALTON, WARRINOTON AND WIRRAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 31 12. PENSION COSTS (CONTINUED) The return on plan assets wa8 as follows: 2024 2023 Interest Incomè Totsl ￿t￿M on plat) assets Group 2024 2023 The prlnclpal actuarfal assumptlons u8ed as follLx¥s: Dlscounl rale Exp¢¢lod rale8 of salary IncTeases Penslon Increasgs 0.00% 0.00% 0.00 3,00% 3.70% 4.75% The mtsrtallty &8sumplhJns u96d for long¥vJty (h) ￿ar$) on rellrement a9fy at 65 are.. Gwoup R•llrlng al the balance sheel dal¢ - Males - Femal&$ 2024 2023 23.2 24.1 Rettrfng tn 20 ygar8 - Mol&y - Females 23.6 The Group o1$0 oper8te8 a Stakeholder schemfy m8n8gad by Avlva as a deftned conlrfbutlon $ch¥me. Conlrfbullt￿s payable for the year oro eharped In the Statement of FlnBnclal Actlvltl•$ under the headlng 'Charltable acllvllles.. The ¢harlly doès not operate a defined bonoflt pe￿lOn scheme. 13. NET INCOMEIIEXPENDITURE) FOR THE YEIR Thl$1g $1gled ¥fter tharglng.. GroLtp Charlty 2024 2023 2024 2023 Grtsup D•pre¢lalion Audllors, remun¢rallon Audll Non-audll 26.449 41,015 18,967 10,847 9.290 3,500 500 3.800 YOUTH FEDERATION LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 32 14. INTANGIBLE ASSETS Group Software Total Cost At 1 Aprll 2023 Addlllons 24,327 24.327 At 31 M¥rch 2024 24,32 Amortlsatlon Al 1 Aprll 2023 Charga for yaar 12,839 8.109 8,109 At 31 Mar¢h 2024 Net Book Valug Al 31 March 2024 3,379 Al 31 Ma￿h 2023 Th¥ Charfty had rK¢ Intangibl¢ Ilxod a880ts at 31 March 2024 or 31 Maroh 2023. 15. TANGIBLE ASSETS Group Land & Bulldlngs Property Assets Under Improvements Constructlon Equlpment Total Cost Al l April 2023 Addltlons Dlspogals TTanslers 216,470 32,558 487,622 56,677 170,631 17,407 13,0431 907.281 76,084 <3,0431 At 31 Mar¢h 2024 216,470 546,299 184.995 980,322 Depreclatlon At 1 Apill 2023 Charge lor year Dlspo$al$ 17,678 2,165 28,692 1,601 128,994 22,683 13,0431 175,364 26,449 13,0431 At 31 March 2024 198.770 Net 8ook Valu• A131 March 2024 196 627 36,361 At 31 March 2023 198792 487 622 731 917 Tha Charlty ha$ begun th& appllcallon pro¢e$$ to obtain planning permlsslon lo construct a youth c$ntro on Our Space Macclesfleld land. As such Ihe land h8ld has been transferred lo fre•hold propèrty In thè PTlor year from Investment prop8rly. YOUTH FEQERATION LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 33 15. TANOIBLE ASSETS (CONTINUED) Charlty Offlce Equlpmènt Total Cost Al 1 Aptll 2023 Addlknons 60,805 34,335 60,805 34,335 At 31 March 2024 Deprèelatlon Al 1 Aprll 2023 Charg& foT year 46,904 18,967 4fj,904 18,967 Al 31 Morch 2024 65,871 Nèt Book Valu• At 31 March 2024 At 31 March 2023 13,901 16. FIXED ASSET INVESTMENTS Youth Federalloft Llrnlttrd owns 100% of the Issued share cap11￿ ol Changlng Young Lives Llmlled Ibelng one ordlnary£l sharè). Thls company was Incorporated on 20 O¢cemb¢r 2012 and Its prlnclpal aollvity Is the dellveryof the NCS pro9ramm¢, Youth F￿￿TatIon control8 Ilnked CharlNeB Youth Federatlon for Cheshtr•, Hatton, Wardnglon gnd Wlrral, Our Space Macclesfleld aThJ The Lord's Tavemy Woudl¥de Youlh Centre In 11$ role a8 sole Corporate Trustee. On tho 5th October 2023 Thè Lord Tav¢ms Woodsld8 Youth Centre was closed and ￿1 funds Iransferiad lo Youth Fed6raUon Llmllad The results forthe controlled enlltitrs lor Iho ￿&1 ended 31 M*r¢h 2024 are as lollows.. The Lord's Youth Taverners Federatlon Our Spate Woodslde for Cheshlre, MaGeltsfleld You¢h Centre Halton, NIA NIA NIA 1143231-1 1143231-3 1143231-2 Changlng Young Llves Llmlted 8336248 NIA Company numb•r Charlty number For Ihe year 31 March 2024 Total Income Tolal èxp•ndlluio Surpluslldeficlll Olhar movgmenl In fund$ Nel a8sels al 31 March 2024 Nel assets al 31 Mar¢h 2023 1,007 54,504 153,4971 451,334 516,743 {65,409) 961,649 710 183 251,466 251466 12,7701 127 714 534,798 588,295 217,102 302,928 130,484 For the year 31 March 2023 Total Income Total 8xp¢ndllurè Surpluslldefl¢lti Othèr movément In fund$ Nel assets al 31 March 2023 Nel assets al 31 March 2022 50,332 33,692 16,640 383,288 S23,913 1140,625) 20000 302.928 423.553 1,355,851 1025,207 330,644 430 14301 568,295 571,655 130,484 130.914 YOUTH FEDERATION LIMITEO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 34 17. DEBTORS GTOUP ChaTIty 2024 2023 2024 2023 Trado deblors Accrued Income Pfepaymtrnts Other debtots 132,445 214,954 26,951 50,729 192,537 32,893 48.132 91,795 13,841 317 334 471,102 53,033 1,254 237 708 313,212 374,350 276,159 18. CREDITORS.. AMOUNTS FALLING DUE ￿THIN ONE YEAR Charlty 2024 2023 2024 2023 Bank loans Trade cr&dllors Olhgr ￿d￿or8 Income recelved In advance (6ee ntsle 201 Olhei t8x8s and soclal securlty 66,576 84,880 77,997 31,411 82,228 124.132 25,290 273 128 27.072 15,463 25,003 18,420 577 9,704 50,000 259 174 19. INCOME RECEIVED IN AI)VANCE Group Charlty 2024 2023 2024 2023 Back on Track Chlldren in Need Chlldien's Servlces NCS EPP CEC LEP Llvlng Your Btr$l Llfo Make A Dlfference Mpnlal Health NCS Piogramme Sd)ool$ Aollvl 25,LX)3 so,000 77,401 18,133 25,003 50,000 18,133 18,388 3,CKJO 13,598 10,000 9,000 13,469 77,997 124 132 25,003 50,000 Incom? rgrAlved In advance r¢llg¢ts graTil$ In¢om¢ wllh spo¢517c perfomgnce condlllons. In¢om¢ In gdvanc¢ recorded 4131 March 2023 waa recognlsod In th9 2024 y¢ar and 411 of tho Inwm¢ In advanco 4131 Ma￿h 2024 Is expected to be recognlsed In the 2025 year. YOUTH FEDERATION LIMITED NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 35 20. CREDrroRS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Oroup Charlty 2024 2023 2024 2023 Bank loans 68.289 Credltors vthlch fall due after flve ￿or8 are ay follows: Payable by In8lallmenl8 21. BORROWINGS Oroup Charlty 2024 202a 2024 2023 Bank loan$ Pay8bl8 wllhln onè yoar Payable aftei one 10,087 The above bank loans are sg¢ur¢d ag4lnsl the asse18 ofihe oroup. The bank loan Is repayable by 180 monthly In8talment$ èndlng In Aprll 2030. The late of Interest p8yaL4¥ on the loan Is flxed at tha Bank of Engl¥nd Base Rate plus 2.4% per annum. Interest Is payabl& monthly. Durlng the year Ihe b8nk10gn wa$ fulty repaid wmh no further balance outslandlng 22. OPEKITING LEASE GOMMITMENTS Gr¢up Charlty 2024 2023 2024 2023 Minlmumlgase paymenls falldue as follows." Nel obligatlons ièpayablè.. Wllhln one year Beiween on& and five years 3,995 3,995 3,995 YOUTH FEDERATION LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 36 23. MOVEMENTS ON FUNDS The Reslrfcled and Unr¢slrfctèd Fundlng b818ncas shown on tho Ststèmanl of Flnancjal Actlvkles as al 31 M8r¢h 2024 arè mad8 up of tha folloylng balan¢o$: Oroup-2024 At 1 Aprfl 2023 Movementsl At 31 March Transfers 2024 Income Expendlture Youth Federadon Llmlred Talent match MYA- YFF UKSFP 8•ck on tra¢k CEP NHS LEP CEC Thls18 Your Life Wgstrnlnsl¥r Found9Uon 67,890 214,145 237.205 111,320 24.998 78.555 33.500 50,000 101361 851,084 1136,4351 {240,2051 {4,7071 13,0001 3,000 (29,942) 142,600 76,671 24,998 178,555) 33,SQO 71.610 52.901 402,280 50,000 {28,3901 211,266 1551,573) 1108,497) Youth Federatton for Cheshlre. Halton. Warrlngion •nd Youth Educatlon 24,843 326,521 Youth Club Support 9,217 General Fund 285.869 Ponglon Ras•wo {220,597} 18,771} (254,0381 {106.4881 24,279 446 192,360 124,814 35.735 37.417 133,336) 302,929 451,335 503.823) 217,105 Our Spacè Maccl•sfl•ld General Fund Youth Centr¢ Developm6nl Non-Di51rlbulable ResgNe Revaluatlon Reserve 502,295 1,007 (54,505) 448,797 86,OC 588,295 1,007 (54,505) 534,797 Woodslde Youih Centré General Fund 130 484 130.484 127 714 (127,714) (2.7TOJ 1232,974 1,112,671 269,547 1 154 182 YFL Gengial Fund Changlng Young Llves Ltd 386,568 168,593 901,625 1413,5111 1710.1831 460,989 (191,442) 602,639 UNRESTRICTED FUNDS 386,568 1,070,218 1.123694 269,547 602,639 TOTAL FUNDS 1619,542 2,236.865 756.821 The obove expendllure colum contalns the actuartal108s on the deflned b8netit penslon scheme of £20,417 YOUTH FEOERATION LIMITEO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 37 23. MOVEMENTS ON FUNLKS (CQNTIWUEDI Group- 2023 At 1 Aprll 2022 Movomentsl At 31 March rrnnsfers 2023 In¢om• Exp•ndltyr¢ Youih Federntlon Llmlted MYA- YFF Talent Match Thi¥18 YOUT Llfe Weslmlnster Foundallgn 202,399 209.777 50,000 124 003 586,179 1194,781) 1160,1921 (7,618) 18,305 67,890 50,000 8T,555 (454,8¥0) {l.618) 211,266 Youth F￿￿ra1￿￿n for Cl*shlre. Halton. Warrlngton and ￿traI Youth Educallon 42,103 306,622 Youth Club Support 17,826 22,500 General Fund 406,624 54,167 Penslon.R•sè 43,000 423,553 1227,2181 126,9421 (252,0851 1,000 507,245 {96,6841 14.1671 77,163 27,000 3,332 24,843 9,217 285,B69 17,000 302,929 Ourspace Maccle$fleld Goneral Fund Youth C&nlre Da￿10pme￿l Non.Dl$lrlbulable Reserve Revaluallon Reserv8 483,655 2,000 86,OOQ 332 50,gOO {33,6921 52,000 52.000) 186,0001 502,295 86,000 588,295 57t,655 5Q,332 (33.fj92J Woodslde Yourh Centre General Fund 130914 130,914 430 (430) 130,484 130,484 RESTRICTED FUNDS 1213677 996217 1232 974 YFL G&neral FLFnd Changlrjg Young Lfva$ Ltd 314.075 167,614 1,325,841 1419,927) (1.025,321} 324,80fj 1300,520) 386,568 UNRESTRICTED FUNDS 1445 248 TOTAL FUNDS 2.441465 20,000 Charlty- 2024 At l Aprll 2023 Movementsl Al 31 March Tfansfers 2024 Income Expendttuie Tolenl matth MYA- YFF UKSFP ack on track CEP NHS LEP CEC Thls13 Your Lwe Weslmlnsler Foundallo 67,890 214.145 237.20S 111,320 24,998 78,555 33,500 50,000 101,361 1136,4351 (240,2051 14.7071 13,0001 3,000 129,9421 142,8tKJ 76,071 24,998 178,555} 33,500 71,610 52,901 50,OCKJ 93,376 128,3901 1141,8361 RESTRICTED FUNDS 2fl,266 851.084 1551,5731 1108,4971 402,280 UNRESTRICTED FUNDS 386,567 547,773 {440,2071 108,497 602,630 597 833 991780 1004910 YOUTH FEDERATION LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 38 23. MOVEMENTS ON FUNOS ICONTINUED) Charlty- 2023 Al l Aprll 2022 Movementsl At 31 March Translers 2023 Income Expondlturo MYA- YFF Tal￿t Match ThSs Is Your Ufe We$tmlnslor Foundatk>n 202,399 209,777 50,000 124,Ci13 1194,7811 1160,192) {7,618) 18,305 67.890 50,000 93.376 69,250 199,877} RESTRICTED FUNDS 87,SSS 586,179 1454,8501 17,6181 211,286 UNRESTRICTEfJ FUNDS 314,074 498,258 {433,3831 7,618 386.567 TOTAL FUNDS B88 233 597.833 Summary of reslrlcted lunds: Th& Talenl Match Inl¢udlnu Talent Match Plus fund relates lo a partnerghlp vAlh MeTs6yglde Youth Asso¢lalltsn to d¢llv&r an Intenslve menlodng and confidence bjlldlng servtce offertr*g one lo on¢ support for vulnarabla young people and create opportunlles to bulld posThlw fylur&g. Westmlnster Foundatlon proyld8d fundln9 lo supportlho dellvery oflhe Cheshire and Warylnglon Pledge Partnershlp kn Cheshlre Wèst and Chèst*r. The Youth Educatlon fvnd relal8S to thè work the Youth F¢doralon Gafflgs out dlrectly wlth young peopl& on varlous actlvill¥¥, The NESTA was Rapld ReCo￿ry Chall•ng8 Outr&a¢h Granttts h91p young people Inleraclwlth dlgllal apps. The YoLtth Club Support fvndlg used lo devalop and bulld capa¢ltywllhln smaller local organlsallons. Changlng Young Llves worked In partnershlp ￿th the Cheshlre & WA¥rlngton Local Entèrprlgo Partner8hlp lo prornote The Cheshlre and Warrlngton Pledge. The Pledge brlngs employtsrs logelh8r with school$ and youth group8, alming lo Inspire young people about new technolog16s and lob opportunltlas gvailabla In Chèshlre and Warrlngton aThJ lo encourage th$m lo oblaln th& sklH$ nooded to work ￿thIn local employers. The UK Shared Prospertty Fund has been crltlcal In conlnulng tha èxeallèntwork of Th• Chashlre and Warrlngton Plodge whlch connects buslne$s wllh young people and schools lo support employabllily and ¢areor8. Wo have also been funded bythe Chèshlre and Warringion Enterprlse Partnorshlp and Careers and enterprlse Company for $om? largeled careers work. Th? NHS also fvnded some targeted c8rn8rs work 8s part of the Pledge lo support careers In the health and soclal care se¢lor, Our cruclal menlal heallh work has been funded through the Cheshlre and Mgrseyslde Integrated Care Board IICBI whlch provided funding for mental health work In Schools, and also vla tha Cheshire West Safeguardlng Chlldren Partnershlp lo support Ihelr Conlexlual Safeouardlng Team. In add5Uon. Pll9rlm Trust fvnded a young women's mental health and welknelng prolecL Our T8lent Match mtnlorfny progrjmmtr whl¢h [8 delfveTed In partnershlp wllh Mer88yslde Youlh AgSO¢l&tlon also Tecelved a fundlng boost thanks lo Youth Future$ Foundatl¢n. Procure Plus Supported ow work vllh young people lo secure employment YOUTH FEDERATION LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDEO 31 MARCH 2024 39 Summary of r45trlcl•d funds (¢ont.I W¢ ￿r9 0180 funded to dellvei our Ba¢k OD Trad( programme forthose al Itsk of hom8l•ssno$9 Ih8nk8 to Natlonwlde. Tho General Funds of the Youth Federalon for Cheshlre. Hallon, W8rrlngton and Wlrral, Our Space Maccleslleld, Bnd Wou4¥ide Youlh Centre arts ovgilable for use only In tho furthèrance of the gen&ral oblo¢tlve¥ of those organlsalSon8, 24.ANALYSIS OF NET ASSETS BETWEEN FUNDS Group Unrèstrfetgd Fund Restrlcted Fund 2024 Totsl Flxad assots Current assels Currenl Ilablllllos Pènslon scheme Ilablllty 231,540 630,273 {259.1741 553,391 600,791 784,931 1,231,064 (259,174) 02,639 1 154.182 56,821 Group Unre$trl¢ted Fund Restrl¢t•¢ Fund 2023 Total Flxed assets Current assgts Cuirtrnl Ilabllitl8 Long-lemi Ilabllltles Petislon schèmè Ilablllty 310,595 417,390 1273,128) 168,2891 743,405 1,234,554 1273,128} (68,2891 617,164 17,UOO 1.232 974 386,568 1619,542 Charlty Unr•$trlded Fund Restrleied Fund 2024 Total Flxed 8Sgats Current assets Currènt Ilablllllg¥ 29,270 659,316 185,956 2Q,270 1,061,598 185,958 402,280 fj02,630 402 280 1.004,910 Charlty Unrestrlcted Fund Restrlcted Fund 2023 Total Flxed assets Current assels CuThenl Ilabllltles 13,902 447,138 174.4731 13,902 658,4104 174,4731 211.266 986 567 211268 597 833 25. SHARE CAPITAL Th& Charllbal$ Company Is Ilmlled by uijaranlee and therefore h8$ no sharo capltal. In the &v¢nl of the Company belng wound up. the maxlmum amoLml whlch eaeh mamb¢r18 Ilable to conlrfbuta Is £1. YOUTH FEDERATION LIMITEO NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 40 26. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES ¢harfly 2024 2023 2024 2023 Nel movèment In ￿ndS Interest c05t Dèprèdatlon of langlble ftxed a88ets Lo85 on dlsposal of tjxed assets Amortlsallon of Intanglbl8 flxèd 4$$etS Decreaselllnereasel In debtors Incr&aseJldècrease) In ¢r¢d+tor$ IncfeaseJ{decr&a$&} In penslon Ilablllty Increas￿(dee1ease) In defeir¢d tsx PTov151on 137,279 6,483 26,449 91,790 3,530 41,015 28 8,109 e8,181 {232,2371 126.0001 407,086 1>6,197 18,967 10,847 8,109 198,180) 13,886) (17,0001 (157,8901 11,478 22,087 Nèt ca$h flows from opèratlng aGIMtles Thr54 279 639 7T874