REGISTERED COMPANY NUMBER: 07751807 (England and Wales) REGISTERED CHARITY NUMBER: 1144785
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 December 2022
for
YOUNG DORSET (A COMPANY LIMITED BY GUARANTEE)
YOUNG DORSET
Contents of the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2022
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Report of the Trustees | 2 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 16 |
| Detailed Statement of Financial Activities | 17 |
YOUNG DORSET
Reference and Administrative Details FOR THE YEAR ENDED 31 DECEMBER 2022
| TRUSTEES | Ms L O'Connor |
|---|---|
| N Daghistani | |
| A Jones | |
| B S Gill | |
| REGISTERED OFFICE | Bath House |
| 6-8 Bath Street | |
| Bristol | |
| BS1 6HL | |
| REGISTERED COMPANY | 07751807 (England and Wales) |
| NUMBER | |
| REGISTERED CHARITY | 1144785 |
| NUMBER | |
| INDEPENDENT EXAMINER | Haines Watts |
| Chartered Accountants | |
| 6-8 Bath Street | |
| Bristol | |
| BS1 6HL |
Page 1
YOUNG DORSET
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
The overall objectives of the charity Young Dorset are to:
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aid and help people within the community of Dorset by developing innovative edutaining self-help opportunities to benefit themselves and their communities.
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raise funding and organise activities to engage and promote the wellbeing of the Dorset community and to engage or re-engage individuals into society.
Set up in August 2011 following a National Citizen Service (NCS) programme, Young Dorset works with children, youth and adults within the community, including those who are disengaged, isolated, hard to reach, disabled, disadvantaged and who have Special Educational Needs. We provide our beneficiaries with inspiring projects, motivational interventions and workshops to enable our community to take steps in developing a healthy lifestyle. We offer access to training and development in life and employability skills as well as the opportunity to undertake qualifications and apprenticeships, helping our County's community to realise their potential and engage positively with society.
Public benefit
We refer to the Charity Commission guidance on public benefit at our trustees meetings, for planning our activities and meeting our aims.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Due to the continued support from our associated company GDF Consultancy.com Limited (GDF) the charity has been able to:
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develop our farm.
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transfer staffing knowledge in setting up and running Alternative Provision for children with Autism, ADHD, ODD and behavioural needs.
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assist with the progression route for these children by helping Young Dorset to begin the process of opening a secondary school for those young people in Alternative Provision to progress onward.
We have found our footings with strategies to be self-sufficient.
Furthermore, within the next four years we will have the full knowledge and understanding required to enable us to gain school status and to set up Young Dorset's independent school.
The development of the site and young people continued throughout the Covid-19 Pandemic, as we were able to remain open. This was of huge benefit to the mental wellbeing of our young people.
The trustees believe the charity is a going concern thanks to the continued support of GDF. The charity is n the process of setting up a sister organisation in the Midlands to run alternative versions in other counties.
Page 2
YOUNG DORSET
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2022
FINANCIAL REVIEW
Financial position
At the year end, there are net current assets of £23,050 (2021: net current liabilities of £47,166) £9,958 is payable in more than one year (2022: £13,667).
GDF Consultancy.com Ltd continues to provide financial support. The Trustees are working hard to develop alternative sources of funding. They are also continuing to look at ways to cut expenditure to ensure the level of outgoings is below the level of receipts.
With planning permission being granted and funds sourced, the barns and other learning pods have been built on the farm. The charity is growing its Alternative Provision offer alongside developing its volunteers and the recruitment of staff.
Reserves policy
The charity does not have a formal reserves policy, all reserves are retained for the future benefit of the charity.
FUTURE PLANS
The charity has learnt that it needs to operate a more robust strategy and become less reliant on third party funders. GDF Consultancy.com Ltd has been an integral part of the success of the charity; both with knowledge management, training and development, funding expertise, human resources and time management. It has been noted that the trustees wish Young Dorset to become more self-sustainable.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Young Dorset is a charitable company limited by guarantee, incorporated on 24 August 2011 and registered as a charity as at that date. its governing documents are the Memorandum and Articles of Association.
The Trustees meet every week, with the responsibility for policy and overall management.
Recruitment and appointment of trustees
The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles of Association, the trustees are known as members of the management committee. The trustees include a balance of people with professional skills and knowledge.
Lisa O'Connor is a self-motivated and profession CIPD qualified HR Business partner. She is experienced in providing full HR functionality to organisations including recruitment and selection, performance management, learning and development, employee relations and TUPE, with the ability to communicate effectively at all levels and motivate individuals and teams. Lisa dedicates a large amount of time to the charity, developing and supporting the beneficiaries as well as offering HR and fundraising assistance.
Audie Jones has successfully completed a 3 years apprenticeship. He has overseas experience in sport including sponsorship to New Zealand; learning about different cultures and community needs. Audie is self-motivated and positive young man, able to engage with people of all ages and backgrounds successfully, he is a great role model for Young Dorset's beneficiaries and has taken the time to volunteer on many of the charities youth programmes.
Nadia Daghistani has completed an advanced apprenticeship whereby she has gained a Level 3 in Business Administration, she is a conscientious and reliable individual who is able to communicate effectively with individuals from different backgrounds and different levels. She is a supportive team player and can be seen volunteering her time at many of the charities events.
Mr Gill is a professional in IT programme and services, he has recent knowledge of working within national/international training organisation and understands the UK government funding mechanisms. We believe he will add a diverse outlook for the charity and we look forward to working with Mr Gill.
Page 3
YOUNG DORSET
Report of the Trustees FOR THE YEAR ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Risk management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud or error.
The Trustees have identified the major risks to which this charity could be subjected, and have taken the necessary steps to mitigate them.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 19 October 2023 and signed on its behalf by:
Ms L O'Connor - Trustee
Page 4
Independent Examiner's Report to the Trustees of Young Dorset
Independent examiner's report to the trustees of Young Dorset ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Matthew Bracher FCA
Haines Watts Chartered Accountants 6-8 Bath Street Bristol BS1 6HL
19 October 2023
Page 5
YOUNG DORSET
Statement of Financial Activities (Incorporating an Income and Expenditure Account) FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 200 Raising funds 4 138,353 Other income 5 5,500 Total 144,053 EXPENDITURE ON Charitable activities 6 Learning and development 68,014 Other 1,588 Total 69,602 NET INCOME/(EXPENDITURE) 74,451 RECONCILIATION OF FUNDS Total funds brought forward 97,297 TOTAL FUNDS CARRIED FORWARD 171,748 |
Restricted fund £ - - - - - - - - - - |
2022 Total funds £ 200 138,353 5,500 144,053 68,014 1,588 69,602 74,451 97,297 171,748 |
2021 Total funds £ - 62,655 - 62,655 104,787 1,189 105,976 (43,321) 140,618 97,297 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
YOUNG DORSET (REGISTERED NUMBER: 07751807)
Balance Sheet 31 DECEMBER 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 12 158,656 CURRENT ASSETS Debtors 13 20,056 Cash at bank 13,942 33,998 CREDITORS Amounts falling due within one year 14 (10,948) NET CURRENT ASSETS 23,050 TOTAL ASSETS LESS CURRENT LIABILITIES 181,706 CREDITORS Amounts falling due after more than one year 15 (9,958) NET ASSETS 171,748 FUNDS 17 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - - |
2022 Total funds £ 158,656 20,056 13,942 33,998 (10,948) 23,050 181,706 (9,958) 171,748 171,748 171,748 |
2021 Total funds £ 158,130 - 5,849 5,849 (53,015) (47,166) 110,964 (13,667) 97,297 97,297 97,297 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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YOUNG DORSET (REGISTERED NUMBER: 07751807)
Balance Sheet - continued 31 DECEMBER 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 19 October 2023 and were signed on its behalf by:
L O'Connor - Trustee
The notes form part of these financial statements
Page 8
YOUNG DORSET
Notes to the Financial Statements FOR THE YEAR ENDED 31 DECEMBER 2022
1. STATUTORY INFORMATION
Young Dorset is a private company, limited by guarantee, registered in England and Wales. The company's registered number is 07751807. The registered office is Bath House, 6-8 Bath Street, Bristol, BS1 6HL and the business address is Romany Centre Business Park, Wareham Road, Holton Heath, Poole, BH16 6JL. The charity engages in learning and development activities. The charity is a public benefit entity.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Going concern
The accounts have been prepared on the assumption that the charity is able to continue as a going concern. The trustees have the ongoing financial support of GDF Consultancy.com Ltd to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.
The financial statements are prepared in sterling which is the functional currency of the charity and are rounded to the nearest £.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Farm | - Not depreciated |
|---|---|
| Trailer | - 25% on reducing balance |
| Fixtures and fittings | - 33% on cost |
| Computer equipment | - 25% on reducing balance |
Taxation
The charity is exempt from corporation tax on its charitable activities.
continued...
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YOUNG DORSET
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022
2. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors
Debtors are measured on initial recognition at settlement amount after any amounts advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Cash and short term investments
Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.
Creditors
The charity has creditors which are measured at settlement amounts.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Donations | 200 | - |
Income in the prior year resulting from commissioning by the Local Authority has been reclassified from donations and legacies to raising funds to reflect the nature of income.
continued...
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YOUNG DORSET
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 4. RAISING FUNDS Alternative provision (Education) Other grants and funding 5. OTHER INCOME Insurance claim Compensation 6. CHARITABLE ACTIVITIES COSTS Learning and development 7. SUPPORT COSTS Learning and development Support costs, included in the above, are as follows: Accountancy and bookkeeping |
2022 2021 £ £ 86,716 13,875 51,637 48,780 138,353 62,655 2022 2021 £ £ 5,000 - 500 - 5,500 - Support Direct costs (see Costs note 7) Totals £ £ £ 66,407 1,607 68,014 Governance costs £ 1,607 2022 2021 Learning and Total development activities £ £ 1,607 1,189 |
|---|---|
continued...
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YOUNG DORSET
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 911 | 736 |
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
10. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Part-time Full Time No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Raising funds 62,655 EXPENDITURE ON Charitable activities Learning and development 104,787 Other 1,189 |
2022 £ 48,420 385 48,805 2022 2 2 4 Restricted fund £ - - - |
2021 £ 5,250 - 5,250 2021 1 - 1 Total funds £ 62,655 |
|---|---|---|
| 104,787 1,189 |
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
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YOUNG DORSET
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 12. TANGIBLE FIXED ASSETS Farm Trailer £ £ COST At 1 January 2022 155,924 23,000 Additions - - At 31 December 2022 155,924 23,000 DEPRECIATION At 1 January 2022 - 21,130 Charge for year - 468 At 31 December 2022 - 21,598 NET BOOK VALUE At 31 December 2022 155,924 1,402 At 31 December 2021 155,924 1,870 |
ACTIVITIES - Unrestricted fund £ 105,976 (43,321) 140,618 97,297 Fixtures and fittings £ 5,598 - 5,598 5,598 - 5,598 - - |
continued Restricted fund £ - - - - Computer equipment £ 4,272 1,437 5,709 3,936 443 4,379 1,330 336 |
Total funds £ 105,976 (43,321) 140,618 97,297 Totals £ 188,794 1,437 190,231 30,664 911 31,575 158,656 158,130 |
|---|---|---|---|
continued...
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YOUNG DORSET
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022
| 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Amounts owed by participating interests 18,436 Other debtors 1,620 20,056 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Bank loans and overdrafts (see note 16) 3,966 Trade creditors 1,452 Social security and other taxes 1,583 Pension 64 Other creditors 750 Accruals and deferred income 3,133 10,948 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2022 £ Bank loans (see note 16) 9,958 16. LOANS An analysis of the maturity of loans is given below: 2022 £ Amounts falling due within one year on demand: Bank loans 3,966 Amounts falling between one and two years: Bank loans - 1-2 years 9,958 |
2021 £ - - - 2021 £ 4,000 - - - 45,378 3,637 |
2021 £ - - |
|---|---|---|
| - | ||
| 53,015 | ||
| 2021 £ 13,667 |
||
| 2021 £ 4,000 |
||
| 13,667 |
The loan relates to a 5 year Covid Bounce Back loan of £20,000 drawn down on 15 May 2020 being interest free for 12 months with interest of 2.5% payable thereafter.
continued...
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YOUNG DORSET
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022
17. MOVEMENT IN FUNDS
| At 1.1.22 £ Unrestricted funds General fund 97,297 TOTAL FUNDS 97,297 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 144,053 TOTAL FUNDS 144,053 Comparatives for movement in funds At 1.1.21 £ Unrestricted funds General fund 140,618 TOTAL FUNDS 140,618 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 62,655 TOTAL FUNDS 62,655 |
Net movement At in funds 31.12.22 £ £ 74,451 171,748 74,451 171,748 Resources Movement expended in funds £ £ (69,602) 74,451 (69,602) 74,451 Net movement At in funds 31.12.21 £ £ (43,321) 97,297 (43,321) 97,297 Resources Movement expended in funds £ £ (105,976) (43,321) (105,976) (43,321) |
|---|---|
Unrestricted Funds
The General Fund represents the free funds of the Charity that are not designated for particular purposes.
Page 15
continued...
YOUNG DORSET
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 DECEMBER 2022
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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YOUNG DORSET
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 DECEMBER 2022
| INCOME AND ENDOWMENTS Donations and legacies Donations Raising funds Alternative provision (Education) Other grants and funding Other income Insurance claim Compensation Total incoming resources EXPENDITURE Charitable activities Wages Pensions Insurance Farm Expenses Depreciation of plant & machinery Depreciation of computer equipment Other Bank loan interest Bank charges Penalties Support costs Governance costs Accountancy and bookkeeping Total resources expended Net income/(expenditure) |
2022 £ 200 86,716 51,637 138,353 5,000 500 5,500 144,053 48,420 385 1,050 15,641 468 443 66,407 517 24 1,047 1,588 1,607 69,602 74,451 |
2021 £ - 13,875 48,780 62,655 - - - 62,655 5,250 - 771 98,030 624 112 104,787 - - - - 1,189 105,976 (43,321) |
|---|---|---|
This page does not form part of the statutory financial statements
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