Registered Charity Number 1145573 Registered Company Number 07751145 ## YOPEY Report and Accounts For The Year Ended 31 August 2024 ## **YOPEY** ## **The report of the trustees for the year ended 31 August 2024** ## **Introduction** The trustees present their annual report and accounts for the period ended **31 August 2024.** The board of trustees is satisfied with the performance of the charity during the year and the position at **31 August 2024** and consider that the charity is in a position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its obligations. ## **Name, registered office and constitution of the charity** The full name of the charity is **YOPEY.** The legal registration details are :- _Date of incorporation_ 24/08/2011 _Company Registration Number_ 07751145 _The Registered Office is_ Woodfarm Cottage Bury Road; Stradishall; CB8 8YN _Charity Registration Number_ 1145573 1 ## **YOPEY** ## **The report of the trustees for the year ended 31 August 2024** ## **Objectives and Activities of the Charity** ## _**A summary of the objectives as set out in its governing document and its activities in the financial year 2023-24.**_ The Charity's Objects are the advancement of good citizenship through the recognition of young people as positive role models in society, by the establishment and administration of a programme of awards for young people and the provision of grants or loans, and other supporting activities. The objects are deliberately generic and have enabled us to move from Young People of the Year awards to concentrate on YOPEY Dementia Befriender (YDB) community partnerships. Like Young People of the Year, YDB involves getting positive publicity for young people. But positive publicity is not the only benefit YOPEY delivers. The elderly living in care homes are less lonely because of the visits made by the young YOPEY Befrienders, who this charity recruits, trains and supports. Those living with dementia are given attention – and we are told by experts made happier and less anxious – by the visits from our young volunteers. The young come to thoroughly enjoy their intergenerational friendships, learn about history from people who lived it, and enhance their social and life skills, such as patience and empathy. They also become better equipped to cope with dementia if – or probably when – it happens in their families. Their YOPEY Befriender Records of Volunteering Achievement – which are downloadable from their private accounts on our website – enhances their applications to universities and for apprenticeships. Such records look great on career CVs. Building on our YDB partnerships in Ipswich, Great Yarmouth, Huntingdon, Saffron Walden, Spalding and Wisbech in 2023-24, we will be running at least 10 YDB partnerships in 202425, including adding the towns of Cambridge, Bedford and Ampthill/Flitwick. A new YDB is also being explored in Welwyn Garden City. If this goes ahead it will mark YOPEY’s postpandemic return to all six counties of the East of England – Bedfordshire, Cambridgeshire, Essex, Hertfordshire, Norfolk and Suffolk – the core area where we work. The numbers of young people volunteering as YOPEY Befrienders are growing but are still well down on the numbers we supported before the pandemic, and those that volunteer with us now appear to have less confidence and resilience than their predecessors before the pandemic. However, the low numbers that complete their volunteering with us do finish with more confidence, resilience and social and life skills. During our 2023-24 financial year, fundraising continued to be difficult, but we did receive one significant donation of £50,000 and our decision to charge advantaged students a £24 joining fee brought in £430. We are also developing golf days as a source of funds. We also increasingly asked care homes to contribute to our costs and the majority did so in 2023-24. Their contributions are a minority of our costs, but welcome all the same. 2 ## **YOPEY** ## **The report of the trustees for the year ended 31 August 2024** ## _**Transactions and Financial position**_ The financial statements are set out on **pages 5 to 10.** The basis of preparation is set out in note 1 to the accounts. The Statement of Financial Activities show net incomings for the year of a revenue nature of **£33,232.** The total reserves at the year end stand at **£73,317.** ## _**Share Capital**_ The company is limited by guarantee and therefore has no share capital **The members of the Board of Trustees of the Charity during the year ended 31 August 2024 were :-** J.G. Gearing T.S. Abbott J. Galazka G.J. McLaven R.E. Sheppard P. Ewing All the directors of the company are also trustees of the charity, and their responsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the Charities Acts. The directors are all members of the charity ## **Independent Examiner** V. du Preez Chartered Accountant BM 6885 London WC1N 3XX 3 YOPEY The report of the trustees for the year ended 31 August 2024 Statement of Directors. and Trustees, Responsibilities The Charities Act and the Companies Act require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to select suitable accounting policies and then apply them consistently., make judgements and estimates that are reasonable and prudent., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements., The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are also responsible for the contents of the trustees. report, and the responsibility of the independent examiner in relation to the trustees, report i* limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements. Method of preparation of accounts These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. This report was approved by the board of trustees on 8 May 2025. Gearing Director ## **YOPEY** ## **Report of the independent examiner to the members of YOPEY** I have examined the attached accounts of the YOPEY charity for the year ended 31 August 2024. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts. In the course of my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the members of the charity have not met the requirements to ensure that: - proper accounting records are kept; and - accounts are prepared which agree with the accounting records and comply with generally accepted accounting standards; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Vivian du Preez FCA BM6885 London WC1N 3XX Date: 8 May 2025 5 ## **YOPEY** ## **Statement of Financial Activities for the year ended 31 August 2024** ||**Unrestricted **|**Restricted**|**Total**|**Last Year**| |---|---|---|---|---| ||**Funds**|**Funds**|**Funds**|**Total Funds**| |**Notes**|**2024**|**2024**|**2024**|**2023**| ||**£**|**£**|**£**|**£**| |**Incoming resources**||||| |**_Incoming resources from generated funds_**||||| |Voluntary Income|50,395|28,450|78,845|11,020| |Activities for generating funds|15,372|-|15,372|8,336| |**Total incoming resources**|**65,767**|**28,450**|**94,217**|**19,356**| |**Expenditure**||||| |**_Governance costs_**|7,229|2,406|9,635|6,070| |**_Costs of charitable activities_**|38,860|12,490|51,350|35,734| |**Total resources expended**|46,089|14,896|60,985|41,804| |**Net incoming resources/(net outgoing resources)**||||| |**before transfers between funds**|19,678|13,554|33,232|(22,448)| |**Net incoming resources/(net outgoing resources)**|**before**|||| |**Other recognised gains and losses**|19,678|13,554|33,232|(22,448)| |||||| |**Other recognised gains and losses**||||| |**Net movement in funds**|19,678|13,554|33,232|(22,448)| |**Reconciliation of funds**||||| |**_Total funds brought forward_**|39,606|480|40,086|62,534| |**Total Funds carried forward**|**59,284**|**14,034**|**73,318**|**40,086**| The net movement in funds referred to above is the net incoming resources as defined in the SORP and is reconciled to the total funds as shown in the Balance Sheet on **page 8** as required by the SORP. **All activities derive from continuing operations** **The notes on pages 8 to 10 form an integral part of these accounts.** 6 ## **YOPEY** ## **Statement of Financial Activities for the year ended 31 August 2024 Supplemental Income and Expenditure Account for the year ended 31 August 2024** |**Turnover**
Direct costs of turnover
**Gross surplus/(deficit)**
Governance costs
**Surplus/(deficit) for the financial year**
Gift Aid Payments
**Retained surplus/(deficit) for the financial year**
**All activities derive from continuing operations**|**2024**
**£**
94,217
51,350
42,867
9,635
33,232
-
33,232|**2023**
**£**
19,356
35,734| |---|---|---| |||(16,378)
6,070| |||(22,448)
-| |||(22,448)| |||| **The notes on pages 8 to 10 form an integral part of these accounts.** ## **Movements in revenue and capital funds for the year ended 31 August 2024** |**Revenue accumulated funds**||**Unrestricted **|**Restricted**|**Total**|**Last year**| |---|---|---|---|---|---| |||**Funds**|**Funds**|**Funds**|**Total Funds**| |||**2024**|**2024**|**2024**|**2023**| |||**£**|**£**|**£**|**£**| |Accumulated funds brought forward||39,606|480|40,086|62,534| |Recognised gains and losses before transfers||19,678|13,554|33,232|(22,448)| |||59,284|14,034|73,318|40,086| |**Closing revenue accumulated funds**||59,284|14,034|73,318|40,086| |**The notes on pages 8 to 10 form an integral**|**part of these accounts.**||||| |**Summary of funds**|**Designated **|**Unrestricted **|**Restricted**|**Total**|**Last Year**| ||**Funds**|**Funds**|**Funds**|**Funds**|**Total Funds**| ||**2024**|**2024**|**2024**|**2024**|**2023**| |Revenue accumulated funds|-|59,284|14,034|73,318|40,086| **The notes on pages 8 to 10 form an integral part of these accounts.** 7 YOPEY Company Number Balance Sheet as at 31 August 2024 07751145 2024 2023 Fixed assets - equlpment Cost Less.. Accumulated depreciation= Brought forward Provided in the year Net book value 5,436 4,520 3,266 542 2,848 418 3,808 1,628 3.266 1,254 Current assets Cash at bank and in hand 111,855 55,658 Creditors:. amounts due within one year Net current assets 140,1651 116,8261 71,690 38,832 Net assets 73.318 40,086 The funds of the charity ." Unrestricted income funds Unreslricted revenue accumulated funds 59,284 39,606 Total unrestricted funds 59,284 39.606 Restricted income funds Restricted revenue accumulated funds 14,034 480 Total restricted funds 14,034 480 Total charity funds 73.318 40,086 For the year ending 31 August 2024, the company was entitled lo exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The direclors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparalion of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. rlng Trustee Approved by the board of trustees on 8 May 2025 The notes on pages 8 to 10 form an integral part of these accounts. **YOPEY** **Notes to the Accounts for the year ended 31 August 2024** ## **1 Accounting policies** ## _**Basis of preparation of the accounts**_ These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: - The Charities SORP (FRS 102) – Second Edition (2019) - FRS 102 as applicable in the UK and Republic of Ireland - The Companies Act 2006 and Charities Act 2011 The charity constitutes a public benefit entity as defined by FRS 102. Advantage has been taken of Section 396(5) of The Companies Act 2006 to allow the format of the financial statements to be adapted to reflect the special nature of the charity's operation and in order to comply with the requirements of the SORP. In accordance with the Charities SORP (FRS 102), the charity has not prepared a cash flow statement as it qualifies as a small entity. The particular accounting policies adopted are set out below. ## _**Incoming Resources**_ Incoming resources are accounted for on a receivable basis. ## _**Taxation**_ As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. 9 **YOPEY** **Notes to the Accounts for the year ended 31 August 2024** ## **2 Winding up or dissolution of the charity** If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. ## **3 Trustees' remuneration** None of the trustees have received any remuneration, either in the current year or the prior year. A gross salary of £45,000 (£31,000 in 2023) has been paid to Mr A.S. Gearing, the founder of the charity and the only employee of the charity as its chief executive. Mr A.S. Gearing is the spouse of one of the trustees, Mrs J.G. Gearing. |**4**
**Creditors: amounts falling due within one year**
Amounts due to associated or subsidiary undertakings
Accrued expenses
Accruals
PAYE and NI
VAT|**2024**
**£**
20,448
756
-
16,565
2,396
40,165|**2023**
**£**
18,294
610
(3,543)
1,465| |---|---|---| |||16,826| |**5**|**Particulars of Individual**|**Funds and analysis**|**of assets and**|**liabilities representing funds**|**liabilities representing funds**| |---|---|---|---|---|---| ||**At 31 August 2024**|**Unrestricted**|**Designated**|**Restricted**|**Total**| |||**funds**|**funds**|**funds**|**Funds**| |||**£**|**£**|**£**|**£**| ||Fixed assets|1,628|||1,628| ||Current Assets|97,821|-|14,034|111,855| ||Current Liabilities|(40,165)|-|-|(40,165)| |||59,284|-|14,034|73,318| 10 **YOPEY** ## **Notes to the Accounts for the year ended 31 August 2024** ## **6 Share Capital** The charity is incorporated under the Companies Acts and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding ten pounds as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter. There are 6 members of the company. 11 ## **YOPEY Schedule to the Statement of Financial Activities for the year ended 31 August 2024** ## **Status of this schedule to the Statement of Financial Activities** This schedule forms part of the supplementary disclosures prepared in accordance with the Charities SORP (FRS 102) – Second Edition (2019). However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities. |**Unrestricted **|**Restricted**|**Total**| |---|---|---| |**Funds**|**Funds**|**Funds**| |**2024**|**2024**|**2024**| |**£**|**£**|**£**| ## **Incoming Resources** ## **Incoming Resources from generated funds** **Non government and non public bodies** **Incoming resources of a revenue nature - grants, donations and legacies** |Donations and Grants received
**Total**
**Total Grants,Legacies & Donations Received**
**Total Voluntary Income**
**Activities for generating funds**
Sales other than for the benefit of beneficiaries
Interest received
**Total of activities for generating funds**
**Total Incoming Resources**
**Charitable expenditure**
**_Support costs of charitable activities_**
**_Direct support costs_**
Gross wages and salaries - charitable activities
Employers' NI - Charitable activities
**_Management and administration costs_**
**_in support of charitable activities_**
**_Indirect employee costs_**
Travel and subsistence
Motor expenses
Entertaining|50,395
28,450
**78,845**| |---|---| ||**50,395**
**28,450**

**78,845**| ||**50,395**
**28,450**

**78,845**| ||**50,395**
**28,450**
**78,845**| ||14,513
-
**14,513**
859
-
**859**| ||**15,372**
**-**
**15,372**| ||**65,767**
**28,450**
**94,217**| ||33,750
11,250
45,000
3,719
1,240
4,959| ||**37,469**
**12,490**
**49,959**| ||44
15
59
506
169
675
830
276
1,106| ||**1,380**
**460**
**1,840**| 12 ## **YOPEY Schedule to the Statement of Financial Activities for the year ended 31 August 2024** ## **Status of this schedule to the Statement of Financial Activities** This schedule forms part of the supplementary disclosures prepared in accordance with the Charities SORP (FRS 102) – Second Edition (2019). However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities. |**_Premises Costs_**
Rent payable
Insurance
**_General administrative expenses:_**
Telephone and fax
Stationery and printing
Information and publications
Software
Publicity for the charity, not YDBs
Bank charges
**_Professional fees in support of charitable activities_**
Consultancy fees
Accountancy fees other than examiners/auditors
Legal fees
**_Other support costs_**
Depreciation of assets used for charitable purposes
YOPEY award function costs
**Total Support costs**
**Governance costs**|**Unrestricted Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2024**
**2024**
**2024**
**£**
**£**
**£**
630
210
840
956
318
1,274| |---|---| ||**1,586**
**528**
**2,114**| ||251
83
334
119
39
158
281
93
374
313
104
417
65
21
86
11
4
15| ||**1,040**
**344**
**1,384**| ||2,250
750
3,000
947
316
1,263
26
8
34| ||**3,223**
**1,074**
**4,297**| ||542
-
542
849
-
849| ||**1,391**
**-**
**1,391**| ||| ||**46,089**
**14,896**
**60,985**| ||| ||**7,229**
**2,406**
**9,635**| 13