COMPANY REGISTILITION NUMBER: 07699716 CHAIUTY REGISTRATION NULVIBER: 1144413 4 THE YOUTH LIMITED Company Limited by Guarantee UNAIJDITED FINANCIAL STATEMENTS 31 JULY 2024
4 THE YOUTH LIMITED COMPANY LIMITED BY GUARAIYTEE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2024 Page Trustees, annual report (incoryorating the directogs report) Independent examiner's report to the trustees Statement of financial activities (including Éncome and expenditure account) Statsment of fiL]cIal position Notes to the fll]ancial statements 10
4 THE YOUTH LIMITED COMPANY LIMITKD BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORIS REPORT) YEAR EM)ED 31 JULY 2024 The trnstee&, who are also the directors for the purposes of company law, present their report and th¢ unaudited financial statements of the charity for the yur ended 31 July 2024. Reference and administrative details Registered charlty name 4 The Youth Lijnited Charity registration number 1144413 Company reglstratlon number 07699716 Principal office and registered Forest Youth Wing office The Forest School Cornptons Lane Horsham West Sussex RH13 5NW The trllstees during the year S J Albmw and to the date of approval R A Christian thege financial 5tatetnenty were: K Funnell M E Millson K Pollen S Stothard D Sweet Resigned 3 October 2023 ReBigned 13 November 2023 Appointed l February 2024 Resigned 13 October 2023 Appointed 3 January 2024 Appointcd 12 November 2023 Accountants PRB ACcoLtantS LLP Chartered Accountant I(ingfisher House Hurstwood Grange Hurstwood Lan¢ Haywards I-Ieatb West Sussex RF117 7QX
4 THE YOUTH LIMITED COMPANY LIMTfED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORIS REPORT) YEAR ENDED 31 JULY 2024 Governance 4 The Youth Limited ('4 The Youth,) As a charitable company limited by guarantee and governed by its Memorandum and Articles of Association, The trustees, who are also the directors, are appointed by an ordinary resolution of the members, or by a resolution of the other dir¢¢tors. Alvts andPurposes T]Je company was set up by a group of local professionals in 2011 to provide a practicaL framework to run local youth projects for local young people that would have othenvise closed as the statutory youth services have been forced to foc1 their resources elsewhere. 4 The Youth believe in working with others in both the voluntary and statutory sectors to maintain and improve provision for young people based on their needg. Objectives and Activities 4 The Youth aims to provide young people living in Hoi%ham alld surrounding areas with access to youth work provision that mc¢ts their needs. 4 The Youth works for the benefit for the local community, specifically young people through their organisation of activities that support th¢Ar gromh, devclop skills, capacity and capability to empower tbe]n to participate independently in society. Oiw provision for yOlg people is provided in a number of ways including.. Providing youd] clubs that provide a safe, fim informal learning cnvironment for young people from age 8 - 18 including those with additional needs. Volunteering opportunities that enable young people to develop their own skills while SUPPOTting their peers. Residenttal trip opportunities that allow young people to independently experience new challenges with th¢ir peers. TTaintng opportunities and project work which enable young peoplc to develop skills and gain qualifications wkllch increase s¢]f-COllfidence and employability. l-l and group work to address einotional well-being, resilience and support a positive mental outlook. Education and suppoit in s¢hools around Current topics such as positive relatioThships and loolcing aft¢r mental well_being. The Trustees have had regard to the C,hariti¢s Commission's guidance on public benefit, in undertaking the main activities for the year. Achievemenls and Performanee Forest Youth Wlng Clubs 4 The Youth continues to work in close parinersliip with the Forest School who provide building, utility and mainlenance fi'ce of charge at Forest Youth Wing. S¢ivic¢s Lontinuc to attract young people froni across lh¢ commiulity including Forcst, Millais, Tanbridge House and Bohunt schools. With th¢ nightly subs and income from the tuck shop 4 The Youth are pleased to have been able to this club on a seKf-sustaining basis with the in-kind support from the school.
4 THE YOUTH LIMtTED COMPANY LIMITED BY GUARANTEE TRUSTEESI ANNUAL REPORT (IIYCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 JULY 2024 Holbrook Youth Club Holbroolc Junior Youth Club 8eS8ions continued to rLU] attracting up to 60 young people for each session. This Club support8 many young people preparing for their transition to secondary school. Broadbrtdge Heath Youth Club Broadbridge Heath club also has a full team ot"Young Leaders who support the running of the club and continues to be well supported particulaTly by young people in school years 5&6. Slinfold Youth Clllb Slinfold Youth Club Continues to be a well valued by the village con)munity and runs on a Friday evening attended by young people from the local junior school. Coivfold Youth Club Cowfold Youth Club commenced in Nov¢mber 2023 and is well valued by the village conllnunity and runs on a Friday evening attended by young peopke mainly from the local junior school and some from The Weald. Horsham Neighbourhood Projects 4 The Youth has renewed its contract in March 2024 with Horsham Dists'ict Council for a further 3 ye for the neighbourhood contract. One to one support for young people identified by schools or other key workers. Group worlc for young people at risk of abuse, l(nife crime or coiinty lines dgS gang abuse. 'Snack wagon, OUtrCh work ITh the town centre for all young people, with a particular focus on those in at risk categories or causing antisocial behaviour. After school and holiday programtnes at Hurst Cafe (Horsham Youth Centr¢) building open to all young people in school dnd college. As part of tbese projects, 0 teain work closely with local commutLity partners including the council and police to identify needs and are continuing to look to expand provision. Hurst Road Youth Cenlre Building ID April 2022 an agreeinent was negotiated with the trnstees of Horsham Youth Ccntre to take on the site with a view to inceting rLll)niiig costs and running activiti¢s for young people as well as making the budding available for wider community use. Ov¢r the last year, there has been an increase ill revenue for this building, which is managed by company called Hurst Space CIC. Th¢r¢ is a contract with the NHS to use some of the spacc tor iRock during the week, and an exercise club r¢nting one ¢nd of Ihc building. Th¢ car park has been set up to let spaces on a Pennit and Pay and Display basis to give an incomc towards running costs, and this is delivering good income from an increasing number of visitors. There are also cducational providers making usc of the building by hiring spaces regularly. The cafe is currently open diiring the week for drop-in sessions to enable youiig people to access help and support from our youth worlcers, The dilapidatsons work is now completc and with an upturn in income, we hope that the building will generate income for 4 The Youth support.
4 THE YOUTH LIIVllTED COMPANY LIMITED BY GUARANTEE TRUSTEESI ANNUAL REPORT (INCORPOIL4TING THE DIRECTOR'S REPORT) YEAR ENDED 31 JULY 2024 Senior Members Y4nd Volunteers Across all the clubs, 4 The Youth is grateful to the voluntary worlc of s¢nior inembers and volunteers who ofteii takc the lead in running activities with yoimg peopLe. Rugrves Policy It is our policy to inaintain a balance of IrestrIcted funds that allows 4 The Youth to meet its fixed liabilities for a ininimum period of 2 months witbout income to cover any unexpected event or significantly lower than expected financial perfom]ance. This does not include any fixed temi project costs or service income which may not be renewed, Reserves bav¢ been impactsd by the involvement with Hwst Space CIC and changes have been made to address this, Hurst Space CIC now cover wages and is contributing to th¢ ruting of 4 The Youth. Volunteers We would like to thank all the volunteers who work hard to nke th¢ clubs run successfLllly. Volunteers work tirclessly within oiw clubs supporting a small teani of paid youth work staff and are pivotal to k¢eping the organisation running. Structur4 governance and management 4 The Youih is a charitable company limited by Guarante¢ with a board of directors. All members that attend our Clubs arc cllcouragcd to be involved with the decision-making process by joining our young people's steering group. Appointment uf additional directors is encouraged and on election by the board as set out in the Articltss of Association. The full board met during the Ye through face to face and vir meetings, in addition working groups met and ¢omJllut]icated oll a regular basis with each director responsible for diff¢Tent areas of the organisation and reporting baclc to the board at full meetings. AdMini3tralive Information 4 The Youth was based at Horsliam Youth Centre, Hurst Road until July 2012 at which point the building was taken ov¢r by West Sussex County Council. Since July 2012 4 The Youth has been based at Forest Youth Wing, The Foresl School, Comptons Lanc, RHI 3 5NT with office space as well as the youth wing facilitics in the evening. The spac¢ is provxded free ofcharge and clubs run in partnership with th¢ school. Financial Review 4 The Youth made a surplus of income over expenditure of £23,854 durmg the year (2023.. deficit £48,504).
4 THE YOUTH LIMITED COMPANY LIVrED BY GUAIL4NTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 31 JULY 2024 Small companyprovisions This report ha£ been prepared in accordance with the provisions applicable to companies cntitled to the small comptllU¢S' exemption, 04 Apr 2025 This report was approved by the Trustses on . . and signed on their behalf by: S Stothard Trustee
4 THE YOUTH LIMITED COMPANY LIMITED BY CUARANTEE INDEPENDEI NT EXAMINER'S REI PORT TO THE TRUSTEES OF 4 THE YOUTH LIMITED YEAR ENDED 31 JULY 2024 I report on the financial statements for the year ended 31 July 2024, which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the ielated notes. Regpèctive responsibilities of trustees and examiner The trustees (who are also the directors of the company for the pw)os¢s of company law) are responsible for the preparation of the financial statements. The ffiistees consider that an audit 18 not required for Èhis ycar under section 144(2) of the Charities Act 2011 (the 2011 A¢t) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audtt under company law and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 145 of the 2011 Act. to follow the procedures laid down in the generdl Diiections given by the Charity Commission under Section 145(5)(b) of th¢ 201 l Act; and to 8tate whether particular xnatters have come to my attention. BaJÈs of independent examiner's report My exarnination was carried out iTh accordance wAth the general Dir¢ctiollS given by the Charity Commission. An examination includes a teview of the accounting records kept by the chaTlty and a comparison of the accounls presented with those Iecords. It also includes consideration of any unusual items OT disclosures in the accounts, and seeking explanations from you as tn]stee8 concerning any such matters. The procedur¢s undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is giv¢n as to whether the accounts present a 'true and fair view, and the report is limited to those matlers set out in the next statement.
4 THE YOUTH LIMITED COMPANY LIMITED BY GUARANTEE INDEPEI¥DENT EK4MINEI R'S REPORT TO THE TRUSTEES OF 4 THE YOUTH LIMITED (cuRtiniKd) YEAR ENDED 31 JULY 2024 Jlldependent examiner's statement In connection with my examination, no matter has coine to my attention: (l) which gives me reasonable cause to believe that ll] any material respect the requirements: to keep accounting records in accordance witEL section 386 of the Companies Act 2006, and to prepare accounts which accord with the accounting records, conLply with the accounting requments of section 396 of th¢ Cotnpanies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met, or (2) to whicty in my Opinio attention should be drawn in order to enable a proper understanding of the accounts to be reached, 4opK{r k&[ ClstOpher Whitley-Jones PRB ACCOUNTANTS LLP Chartered accountant Kingfisher House Hurstwood Grange Hurstwood Lane Haywards Heath West Sussex RH17 7QX
4 THE YOUTH LIllllTED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDL¥G INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 JULY 2024 2024 Total funds Total fid8 2023 Unrestricted funds Note Jncome Y4nd endowmellts Grants, donations and service contracts Charitable activities Investment income Total income Expenditure Expenditure on charitable activities Total expenditure 133,775 83,619 133,775 83,619 111,225 67,631 66 178 922 217,403 217 403 193,549 193 549 193 549 193 549 227 426 227,426 Net (expendlture)lincome and net movement in funds 23,854 23,854 48,504 ReconcAliation of funds Total funds brought foiTrvard Total funds carried forward 15,843 39,697 15,843 The statement of financial activities includes all gains and losscs recoguised in the year. AIE income and expenditure derive from continuing activities. The notes on pages 9 to 14 fortll part of these finfincial statements.
4 THE YOUTH LIMITED COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION 31 JULY 2024 2024 2023 Fixed Assets 14 8,834 9,429 Current assets Stock Debtov Cash at bank and in hand 15 16 500 10,145 31,415 500 5,832 10,132 Credltors: amounts falling due Ivithin one year Net current assets 17 30,863 6,414 Total &ssets less current liabilities 15,843 Funds of the charlty Unrestiicted f8 39,697 15,843 Totsl charity funds 18 15,843 For the ycar ending 31 July 2024 the charity was entitled to exemption from alidit under section 477 of the Companies Acl 2006 relating to sm&ll companies. Trustees, r¢sponsibilities: The m¢mberg have not required the charity to obtain an audit of its financial statements for the year in question in accordance with section 476. Th¢ trustKs acknowledge their responsibilities for complying with the requirements of th¢ Act with respect to accounting Tecords and thc prcparation of financial statcments, These financia] stht¢m¢nts were approved by the board of trustees and authorised Eor issue on , and are signed on behalf of the board by: 04 Apr 2025 S Stothard Trustee Company registration number: 07699716 The notes on pages 9 to 14 form part of these financial statements.
4 THE YOUTH LIMITED ColANy LIMITED BY GUAIL4NTEE NOTES TO THE FINANCIAL STAT£IVIEiYrs YEAR ENDED 31 JULY 2024 General information The charity is a private COTnpany limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Forest Youth Wing, The Forest School, Comptons Lane, HOrSh West Sussex RH13 5NW. The charity is a public benefit entity, Statement of compliance The8e fAnancial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and th¢ Republic of Ircland,, the Statement of Recommended Practice applicable to ¢hariti¢s preparing thcii accounts in accordance with the Financial Repoiting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. Accounting policies Basis of preparatlon The fmancial statements h84ve been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment propertie8 measured at fair value throu income or expendIte. The financial statements are pr¢pared in stcrling, which is the nctiOnal currency of the entity. Going concern There are no mateiial uncertainties about the charity's ability to continue, Judgements and key sources of estimatlon uncertainty The preparntion of the financial statements requires managanent to make judgements, estimates and assumptions that aff¢ct the amounts irport¢d. These ¢stinleS and judgements are continually reviewed and are based on experiencc and otlier factors, including expcctations of future evertts that arc believ¢d ts) be reasonable under th¢ cit¢iunstances. Significant judgements Thc judgem¢nts (apart from those involving estimatkons) that management has made ill the process of applying th¢ entity's accounting policies and that hav¢ thc most significant effect on the amounts rccognised in the financial statements are as follows: 10-
4 THE YOUTH LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE4 FINAINCIAL STA TEMENTS Icon¢inMed) YEAR ENDED 31 JULY 2024 Accounting policles [¢01) Fund accounting Unrestrictcd funds are available lor use at the discretion of the trustees to further any of the charity'8 putposes. Restricted fL]nds are subjected to restrictions on their exp¢ndittwe declared by the donor or through th¢ tenlls of an appeal. Incoming resources Income ALI income is included in the statement of financiaL activities when the charity is entitled to the income, any perfonnance related conditions attached hav¢ been met or are fully withkn the Control of the charity, the illcome is con8ider¢d probable and the amount can be quantified with reasonable accllracy. The following specific policies are applied to particular cat¢gories of income., Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount Can be measured r¢liably. Income from ci)ntracts for the supply of services is recognised wkth th¢ delivery of the contracted seryice. This is classified as unrestricted funds unlegs there 18 a ContraCtL1 reqiiirement for it to be spent on a partIcar purpose and r¢tLwned if unspent, in which case it may be regarded as restricted. Investment income is included when receivable. Resources expended Expenditur¢ is regnised on an accruals basis as a liability IS InCUlTed, Expenditure includes any VAT which cannot be fully recovwed and is reported as part of the expenditure to which it rclat¢s. Tangible assets All fixed assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation. Any f¢d assets carried at revalued amounts are recorded at the market value al the balance sheet date. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less Its residual value, over the useful economic life of that asset as follows,. Equipment 25 10 reducing balance Impairment of fixed assets A review for indicators of impaimient is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist, Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impaimient8 are also reviewed for possible reversal at each i"eporting datc. 11
4 THE YOUTH LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FILYAIYCIAL STATEMENTS (¢oNtinM¢d) YEAR ENDED 31 JULY 2024 Finydneial instrnments A f1¢la1 asset or a financial liability is recognised only when the cntity becomes a paty to the Contractu provisions of the instrnment. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless tbe arrangement constitutes a flnancing transaction, where it ig recognised at the present value of the payments discounted at a inarket rate of interest for a sitnilar debt instrument. Current assets and current liabilities are subseqiiently measured at the cash or other consid¢ration exp¢ct¢d to be paid or receiv¢d and not discounted. Debt instnjments arc subsequently measwed at amortised cost. Llmited by guarantee The Charity is a company limited by guarantee. All of the Trnstees are Members of the company and guarantee to contribute £1 in the event of a winding up. Grants, donations and SerCe contracts Unrestricted Total Funds Funds 2024 Unrestricted Total Funds Funds 2023 Grnnts Donations Service contracts 21,735 6,077 105,963 133,775 21,735 6,077 105 963 133 775 39,755 768 39,755 768 70,702 111,225 111,225 Charitable activities Unrestricted Totaj Funds Funds 2024 Unrestricted Total Funds Funds 2023 M¢rnbership and subscrRption8 Trip income Tuckshop income Other income 19,628 8,178 15,064 40,749 83,619 19,628 8,178 15,063 20,860 18,658 13,672 14,441 67,631 20,860 18,658 13,672 14,441 67,361 Investment income Umestricted Total Funds Funds 2024 UJJrestricted Funds Total Funds 2023 Interest receivable 66 66 12
4 THE YOUTH LIIWTED COMPANY LIMKTED BY GUARANTE NOTES TO THE FINANCIAL STATEMENTS (co lÉnucd) YEAR ENDED 31 JULY 2024 Expenditure on charitable activities by fund type In addition to th¢ expenditure incurred below, the charity relies on the support of volunteers to run activities at the youth clubs, as well as on donated facilities wher¢ the clubs are held. There is no Cost associated with these services and facilities. Unrestricted Total Funds Unrestiicted Totsl Fulld8 Funds 2024 Funds 2023 Staff cost8 Direct costs Support costs 149,536 25,909 149,536 25,909 143,372 31,255 143,372 31,255 193 549 193,549 227 426 227,426 Expendithre on charitable acllvitles by aCtity t)ye Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Staff costs Direct costs Administrative expenses Depreciation 149,536 25,909 149,536 25,909 17,509 595 193,549 143,372 31,255 51,859 940 227,426 17,509 595 18,104 175 445 10. Independent examillatioll fees 2024 2023 Fees payable to the independent ¢xaminer for: Independent examination of Lbe financial statements 780 780 11, Staff costs The total staff costs and ejnployee benefits for the reporting period are analysed as follows: 2024 2023 Wages td salaries and Nl Social security costs Employers pension contributions 143,005 3,681 139,564 2,060 1,748 143,372 149,536 The charity had an average of 14 employees during the year (2023: 14) No employee rcceiv¢d employe¢ benefits of more than £60,000 during the year (2023: Nil). 13
4 THE YOUTH LIMITED COIVIPAI¥Y LIMITED BY GUARANTEE NOTES TO THE FINAJICIAL STATEMENTS f YEAR ENDED 31 JULY 2024 12. Trustee remuneration and expellses The following amounts were paid to trustees durAng the year.. 2024 D Sweet 2024 A Albroiv 2024 Total Remuneration paid Pension contributions paid 41,124 331 41,455 1,234 42,689 42,358 331 2023 D Sweet 2023 A Albrow 2023 Total Reinuneration paid Pension contributions paid 40,390 617 41,007 4,927 45,317 617 45,934 4,927 13. Taxatloll The charity is not subject to taxation as it is exempt. 14. Tallglble fixed assets Equipinent Total Cost At l August 2023 Additions At 31 July 2024 24,514 24,514 24,.514 Depreclatioll At l All]st 2023 Charge At 31 July 2024 15,085 595 15,680 15,085 595 15,680 Carrying amount At 31 July 2024 At 31 July 2023 8,834 8,834 9,429 15. Stock 2024 2023 Tuck shop stock 500 500 14-
4 THE YOUTH LIMITED co(PANy LIMITED BY GUARANTEE NOTES TO THE FJNANCIAL STATEMENTS (coRliNue¢*) YEAR ENDED 31 JULY 2024 16. Debtors 2024 2023 Trade debtors Other debtors 7,030 3,115 10,145 5,832 5,832 17. Creditors: amounts falling dlle wlthln one year 2024 2023 Deferred income- service contract income rekating to the 2 months ending after the yr end Other creditors and accru8 8,667 5,000 10,050 18. Analysis of charfitablo funds Unrestricted funds AtIAug23 Income Exp¢nditllre At 31 Jul 24 General fLU]ds 217403 193,549 39,697 19. Analysfis of net assets betTrveen funds Total Total Ullrestrlcted Unrestricted Fund5 Funds 2024 2023 Fixed assets Current assets Crcditors less than l yeaT Net assets 8,834 42,060 11,197 39 697 9,429 16,464 10,050 15,843 20. Related party transactions 2024 2023 Servicc contract income received from Hiwst Space CIC 44,939 3,557 Amount duc trom/(to) I-Iurst Space CIC 643 The charity is related to Hurst Space CIC due to the t.act thdt they have common threctois and m¢mb¢Ts. 15-