The Feast Youth Project (a Company Limited by Guarantee) Trustees, Report and Financial Statements for the year ended 31 March 2025 Registered Company number 07988467 Registered Charity number 1146574
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Index Page Report of the Trustees 3-10 Statement of Trustees Responsibilities Report of the Independent Examiner 12 Statement of Financial Activities (incorporating an Income & Expenditure Account) Balance Sheet 14 Principle accounting policies 15-16 Notes to the financial statements 17-24
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Report of the Trustees The Trustees, who are also the directors for the purposes of company law, are pleased to present their annual report together with the financial statements of the charitable company for the year ended 31 March 2025 which are also prepared to meet the requirements of a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, Ihe Memorandum and Articles of Association, and 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 {FRS102) (updated 1 January 2019). Objectives and actlvities Charitable Objecls The Feast exists lo help young people of different faiths, beliefs and cultures to live well in an increasingly diverse and divided world. It is our aim to foster good citizenship for the public benefit amongst young people, by: a) Nurturing religious harmony consistent with Chrislian principles, through the raising of awareness of both the distinctive features and common ground present in the religious beliefs held amongst young people of different failhs; b) Promoting knowledge and mutual understanding and respect of the beliefs and practices of different religious faiths. through facilitating formal and informal encounters and education opportunities amongst young people of different faiths, c) Providing support and training to those who work with and amongst young people, in particular but not exclusively to better enable them to promote cohesion and mutual respect of each other and their wider communities. By Christian principles we mean a belief that all people are made by God and are equally valuable therefore we have a duty to befriend, serve and care for those we meet regardless of race, faith or gender. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Vislon The Feast will be a leading, faith-based, youth-centred movement, with increased numbers of young people impacted by The Feast across the United Kingdom, particularly in urban areas which have high levels of deprivation, where young people often face the highest range of challenges from segregation and isolation. We will enable young people lo be more resilient to gangs and radicalisation alongside raising aspirations leading to increased engagement at school and in their communities, increased engagement in their faith and beliefs and overall improvement in their life chances as adults. Purpose To see resilient young people who are confident in their beliefs and identity, able to bu ild meaningful friendships with people who are differenl lo them. comfortable lo discuss faith and challenging issues and ",ommitted to living well wilh their neighbours to work together for the good of society. ()peratSonal Principles I I ie Feasl operates by the following principles: A l)eliefthat all people are made by God and are equally valuable, and therefore we have a duty to befriend. 4ee and care for those we meet regardless of race, faith or gender. A Coinmitment to the teaching that we should love our neighbours as ourselves whoever they might be.
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Report of the Trustees continued Achievements and performance Introduction In this year of The Feast's 15th anniversary there was much to celebrate. This year has seen an increase in the reach of The Feast, both in the UK and abroad. At a time when world tensions and domestic issues are causing conflict, The Feast's work is even more relevant than ever and it has been a privilege to support so many young people and their gatekeepers. Requests from schools for our programmes have increased and we had lo devise new programmes for younger pupils as primary schools reached out to us for support. Our main focus is, as always, on our youth encounters and it was exciting to see holiday programmes being run in each of the Ihree regions, reaching many new young people. Twenty four the young people from around the country, who had participated in our Youth Encounters, allended our annual residential where the theme was 'Being Kind,. It is always a highlight for the leam as we see the young people living out the Guidelines for Dialogue and, as well as having great fun. talking about challenging issues in a healthy and positive way. Like all small charities, the challenges of fundraising have been greater than ever this year. However, Ihe Trustees are pleased to report that the securing of some larger, unrestricted grants and the fundraising efforts of the team and volunteers has ensured that The Feast has been able to continue to deliver its high quality and much needed work. Achlevements This year The Feast's schools work was recognised as 'Pioneering' by the Christian Funders Forum and we were Ihrilled lo receive our award in the House of Lords,. The reputation of The Feast continues to grow and this year we have been invited to take part in a number of national roundlables, including those led by Lord Khan, Parliamenlary Under-secretary of Stale for Failh, Communities and Resettlemenl and Chief Constable for Suffolk, Rachel Kearton, who chairs the National Police Chiefs Council for Race, Faith and Belief. An important part of our work is helping young people become leaders so we were delighted that, this year, two of our alumni became members of staff, one in the West Midlands and one in Tower Hamlets. Both teams have been enhanced by these appointments. Additionally, we have had Youth Work students on placement from Birmingham City University and nursing students on placement from the University of Birmingham. This anniversary year has seen many 'firsts': staff and volunteers abseiled down a very tall building in Birmingham and one of our volunteers walked from Birmingham to London on the Grand Canal. Bolh evenls brought much-needed funds to The Feast wilh over £16,000 raised in donations. More funds have been raised following the launch of The Feast's first card game.. Dialogue with The Feast. Devised and designed by our Tower Hamlets local advisory group, this has proved to be a great dialogue resource for people to use in many different settings. The training side of our wok has continued to grow which means the number of young people reached beyond our staff teams is substantial. This continues to be an important part of our strategy and vision. As a small charity our capacity is limited, but by delivering our high-quality training to the gatekeepers of young people, we know we are making a significant difference, both in the Uk and abroad. This year, those we have trained have included- Youth Workers Students University lecturers Teachers Chaplains Faith leaders
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Report of the Trustees (continued) Outcomes Young people worked with directly- 2,152 Youth Encounter Programmes - 111 Young people participating in Youth Encounter programmes - 989 Adults trained in the use of The Feast's Guidelines for Dialogue and approach - 1.019 International Work This year we have worked with faith leaders and youth workers in Denmark, Sweden, Indonesia and Dublin. We conlinent to support our sister organisation, Khebz w Meleh, in Lebanon. The team there have faced huge difficulties brought about by the conflict in the Middle East but have carried on doing amazing work bringing Christian and Muslim young people together for dialogue and friendship building. We meet regularly wilh our partner, Father Corey who heads up the Children of Abraham Coalition in Chicago and are planning future online conferences. Reflectlons This year has seen holiday encounters being run in all Ihree regions, with record numbers of young people being involved. With the backdrop of the riots, the importance of our work and the impact it has on young people has been highlighted and recognised by many people, including politicians and police. More significantly, the parents of our young people have commented on how much they appreciate Ihe support we give their children and the difference they see as a result. Our researcher. Claire Dalpra, has just completed her first report and recorded these comments from parents.. 'Reaffirming the findings of previous evaluation work of Ihe importance that The Feast is seen as a trusted organisalion, four of the six parents commented on the importance of The Feast as 8 safe and secure environmenl - safety in a physically sense e.g. 'children not wandering the streets, but also emolional safety to make friends and discuss issues wilh those from different backgrounds. One parent wrote, 'The Feast is really impressive linl bringing kids together from different backgrounds lo share about their different faith and beliefs in a safe space., Partnershlps and Support During this financial year the following organisations have assisted The Feast in delivering our services through partnering in youth work, provision of office or youlh space. or other forms of practical or in-kind support, and we would like to express our heartfelt thanks: Christ Church, Sparkbrook, Birmingham St Mary's Church, Luton Hope Church, Luton Luton Council of Faiths Barnfield College, Luton Bethnal Green Mission Church, Tower Hamlets East London Mosque, Tower Hamlets Tower Hamlets Covncil St Ethelburga's Centre for Reconciliation and Peace Trapped in Zone One Faith and Belief Forum Youthscape Praise Along
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Report of the Trustees (continued) Flnancial review Fundraising The Feast pursues and receives funding from a diverse range of sources. including individual donors, earned incorne through service level agreements and contracts, and grants from both statutory bodies and charitable trusts and foundations. The Trustees, staff and volunteers of The Feast wish to express our gratitude to all our supporters who enabled us to continue our work with young people over the past year. The level of donations, including associated gift aid recoverable, received during this year was 13.50/0, a similar level to the previous year's percentage of 13.3 %. This reflects both a lower amount of general donations and an increase in grant funding in the year. Specific funding that deserves mention.. The Merchant Taylors. Foundation continues to be an amazing supporter of the work of The Feast. We are now in the fourth year of a five year grant which brings far more than just financial support. The relalionship we have with The Merchanl Taylors, Foundation has been of great significance to the team in Tower Hamlets, where The Merchant Taylors, Foundation Hub has enabled us to work with increasing numbers of young people both in the community and in schools. Volunteers directed to us from the Foundalion have been a great asset and we are very grateful for all the support we have received. The Natlonal Lottery Communlty Fund The Feasl has been supported by the National Lottery Community Fund for many years and we are very grateful that The Feast in the Wesl Midlands has now been awarded a new five year grant, enlitled Youth Encounler Programme, to continue the work of the Holiday Programme, to run our annual residential, to develop our young leaders programme and run additional encounters throughout the year. This substantial grant is the largest The Feast has received in its 15 year history and we are so grateful to our partners at the lottery who have encouraged and supported us to apply. St. Peter's, Saltley Trust are supporting The Feast through generous funding to build the training work of The Feast. Due to their support we trained over 1.000 people during this financial year and plan to increase that nurnber in the next financial year. Summary of the year Total income from general or unrestricted funds was £92,135.12024: General income of £31,945). Related expenditure was £83,367 (2024: General expenditure of £50,898). overall there was a net surplus on general funds of £8,768(2024: net deficit of £18,953) General reserves at 31 March 2025 were £40,609, (2024: £31,841). Total restricted income was £126,409, {2024.. £146,209). Related expenditure was £142,111. (2024: £124,124). Funds were received from a number of sources and towards various projects, and are detailed laler in the accounts. The balances of the individual restricted funds are also shown in the notes. The lotal amount carried forward to be spent in the coming year is £74,963. (2021.. £90,665)-
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Report of the Trustees (Continued) Reserves Pollcy The Feast is currently dependent on multiple donations and grants to sustain its activities. as earned income alone would not allow The Feast to continue operating. This means that if there were to be a shortfall in donations and grants it is likely that The Feast would have to reduce ils activities and eventually close down. To ensure continvity of operations if funding difficulties were to occur the Feast Trustees have agreed to operate a certain level of financial reserves and confirmed future grants and donations to ensure that ils main operations can continue for a period of at least 6 months. The Trustees, aim is for this to include 3 months. worth of operational costs in unrestricted resources. Ordinarily the Trustees would not expect to have reserves at a level that is greater than 1 year of operations. Based on the results to 31 March 2025 the target level of free reserves required would be approximately £56.000. Free reserves at thal date were approximately £40,609. The Trustees, through the Finance Committee, continue lo closely monitor the position and regularly update the forward view to ensure that committed costs can continue to be met. H8ving approved a 3-year stralegy in Seplember 2023, the Trustees continue to regvlarly monitor income, expenditure and fundraising results against this plan. The plan sets out targets over the 3 years that will help The Feast lo move towards a sustainable level of operations to both achieve the strategic aims of the charity and to fully achieve the Reserves Policy and so mitigate any funding risks coming from moslly one income stream. Internal Flnanclal Controls The systems of internal control are designed lo provide reasonable assurance against material misstatement or loss. They include: An annual budget and operational plan approved by the Trustees. A number of matters are specifically reserved for the Trustees, approval. There is a clear organisational structure with appropriate lines for reporting. Regular consideration by the Trustees of financial results, variance from budgets, non-financial performance indicators and benchmarking reviews. Policy documents covering major strategic and operational activities which have been developed and are reviewed with appropriate regularity and consultation. Budgets and financial activities which are monitored by the National Development Manager of The Feast with the Senior Leadership Team. During the past year. Ihe Board of Twstees and Senior Leadership Team continued to review the financial situation regularly and implemented further measures to ensure that the charity is working towards a more resilient financial position with adeouate unrestricted reserves. These include.. A reduction in expenditure, including management structure. A slrategy for increasing income, including from new income streams. Board approved oul-of-budget expenditure principles. A Financial Dashboard that includes monrtoring of unrestricted and restricted income and expenditure. A 3-year plan to enable its 3 Year Strategy-Livlng Well With Difference" lo be achieved.
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Report of the Trustees (Continued) Identification and management of risks The Trustees have delegated day lo day responsibility for the management of risks to the National Director of The Feast who reports to the trustees bimonthly. An ongoing risk management process assesses business risks and implements risk management strategies. This involves identifying the types of risks the charity faces, prioritising them in terms of potential impact and likelihood of occurrence, and identifying means of mitigating the risks. The Risk Register for The Feast is updated every two months by the National Director and reviewed by the Senior Leadership Team and the Board of Trustees. The Trustees have developed systems to respond quickly to evolving risks arising from faclors wilhin the charity and to changes in the external environmenl, including procedures for reporting failings immediately to appropriate levels of management and the Trustees, together with details of corrective action being undertaken. Structure, governance and management Governance The Feast Youth Project (operating as The Feast) is a charitable company limited by guarantee and was set up by a Memorandum and Articles of Association, incorporated on 13 March 2012. This is the successor body of The Feast (Charity number 11280361, which was founded on 12 February 2009. In March 2025 Ihe Trustees agreed to a change in the Memorandum and Articles of Association which, whilst it did not impact the governance for the financial year being reported, was a significanl moment in the charity's history. It opens up the board lo members of all faiths and none and separates out the role of members whose task it is to safeguard the elhos of The Feast and to appoinl trustees. The members can also be drawn from all fa iths and none. From April 2024 to March 2025 decisions concerning The Feast were made by the Board of Trustees, based in Birmingham, who meet six times a year. New Trustees were appointed by decision of the current Trustee body. Truslees are appointed to a four year lerm of office. The Board is advised by two standing committees who are appointed by the Board and responsible for working with the National Director and the Senior Leadership Team (SLT). These are the Finance Committee, to propose, monitor and evaluate the finances of The Feast, and the Staffing Committee to make recommendations on and review matters of employment, HR and management of employees. The Board has at times also set up ad hoc working groups of Board members and staff to consider particular issues that arise. Additionally, the charity is supported by its National Advisory Board, made up of representatives from different faiths, which meets quarterly. Organisational Structure The Feast's structure consists of a National Office in Birmingham, and two further regional locations where we undertake youth work through staff and volunteers. namely Luton and Tower Hamlets. The Management of the charity is led by the National Director supported by the Senior Leadership Team. The members of this team relate directly to the board of trustees through the sub committees and a written report to each trustees meeting. The whole staff meet regularly on Teams while the SLT meet monthly with a mix of face-to-face and Teams meetings. The National Office includes the Administrator (part-time) and Finance and HR Officer {contracted) and the National Director. The National Off ice, working closely with all members of the SLT helps manage the work of the project, including fundraising, financial management, communications support and administration of the charity.
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Report of the Trustees (Continued) The three diverse locations around UK where we operate include the West Midlands, Tower Hamlets in East London and Luton in Bedfordshire. In each of the regional locations The Feast local advisory groups (which operate under Terms of Reference agreed by The Board), provide support, local oversight and advice to the staff. There have been no changes to the Organisational Structure during Ihis financial year. Volunteers The Feast would not be able to operate and reach the number of young people we do without our wonderful volunteers. Volunteers continue to play vital roles in the National Office and regional teams, through planning and implementing youth encounters, grant research and bid writing, volunteer and youth work management, schools work, fundraising, event planning and administration. We have a thriving group of young leaders who play an active role in the planning, preparalion and delivery of Youth Encounters. Rlsk Management The Board regularly review the risks to which the Project is exposed. Procedures are in place to ensure the compliance wilh health and safety, safeguarding and staff policies. We are also subject to due diligence exercises undertaken by those providing grants and support to the Project for its work. Delegated authority The Feast Board delegates day-to-day operational management of the organisation to the National Director. The broad areas of delegation, for which they are accountable, are set out in the Memorandum and Articles of Association and the Scheme of Delegations. The SLT meets regularly and includes Ihe National Direclor and the Development Managers for each of the three operational localions {West Midlands, Luton and Tower Hamlets). Public Beneflt The Truslees have referred to the guidance contained in the Charity Commission's general guidance on public benefil, when reviewing their aims and objectives and in planning future activities. In particular, the Trustees have considered how planned activities will contribute to the aims and objectives that they have sel.
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Report of the Trustees (Continued) Reference and administrative detalls Registered charity name The Feast Youth Project Charlty registration number 1146574 Company reglstratlon number 07988467 Principal office and registered Christ Church office 32 Farm Road Sparkbrook Birmingham 811 1LS The trustees Canon Dr A Smith Mr D Alcock Mr M Bull (Treasurer) Ms S Proctor (Vice Chair) Rev. W. Simmonds Rev B Thomas Mr Simon Slater Rev Toby Crowe Independent examlner Karen Hanlan 1 Saracen Close, Eltington. Warwickshire, CV37 7SZ Bankers The Cooperative Bank plc 1 Balloon Street Manchester M4 48E Small company provisions This report has been prepared in accordance with the provisions 8pplicable to companies entitled to the small companies exemption. The trustees, annual report was approved on 16 September 2025 and signed on behalf of the board of trustees by.. Canon DrA Smilh Chair of Trustees 10
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Statement of Trustees, Responsibilities The trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company and of the surplus or deficit incurred by the charitable company for that year. In preparing those financial statements the trustees are required to: select suitable accounting policies and then apply them consistently; make judgments and estimates that are reasonable and prudent., state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue to exist. The trustees have overall responsibility for ensuring that the charitable company has an appropriate system of controls, financial and otherwise. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that.. the charitable company is operating efficiently and effectively. its assets are safeguarded against unauthorised use or disposition; proper records are maintained and financial information used within the charity or for publication is reliable. the charitable company complies with relevant laws and regulations.
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Independent Examiner's Report to the Trustees of The Feast Youth Project {'the Charitable Company,) I report to the charity trustees on my examination of the accounts of the Charitable Company for the year ended 31 March 2025 which are set out on pages 13 to 24. Responslbilities and basis of report As the trustees of the Charitable 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 examlner'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., accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 386 of the 2006 Act other than the requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. or 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 (FRS102). I have no concerns and have come across no matters in connection with my examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mrs. K Hanlan, ACA Karen Hanlan Independent Examiner Limited 1 Saracen Close Ettington CV37 7SZ Date: 16 September 2025 12
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Statement of Financial Activities (including an Income & Expenditure account) restricted Restricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Income: Donations & legacies Charitable Activities Trading Activities Investments - bank interest Total income 64,432 63,180 127,612 113.006 63,229 63,229 58,919 26,520 4,834 26,520 1,183 92,135 126,409 218,544 178,154 Expenditure: Raising Funds Charitable Activities 26,169 57,198 26,169 20,189 142,111 199,309 154,833 Total expendlture 83,367 142,111 225,478 175,022 Net Incomel(expendlture)and net movement In funds Reconcillatlon of funds: Total funds brought forward 31,841 90,665 122,506 119,374 Total funds carried forward 74 963 115 572 122,506 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 13
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Balance Sheet Notes 2025 2024 Current Assets Debtors Cash at bank and in hand 17,673 105 765 123,438 12,884 119,041 131,925 Current Llabilities Creditors: amounts falling due within one year Net current assets 115 572 122,506 Net assets 115 572 122,506 Funds of the charity: Restricted Funds Unrestricted Funds Total charity funds 74,963 90,665 31,841 122,506 115 572 The accompanying accounting policies and notes form part of these financial stalements. Registered Company number.. 07988467 For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Responsibilities of directorsltrustees: {al The members have not required the charitable company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006 - however, in accordance with section 145 of the Charities Act 2011 the financial statements have been examined by an independent examiner whose report appears on page 12. {b) The direclorsltrustees acknowledge their responsibility for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. Approved by the Trustees an signed on their behalf by.. Canon Dr A Smith Chair of Trustees Date: 16 September 2025 14
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Principal accounting policies Status of the company The charitable company is limited by guarantee and does not have share capital. The liability of members is limited to £1 per member. The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: Basis of preparatlon The financial statements have been prepared in accordance with 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 (FRS102)(updated 1 January 2019)- (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. The Feast Youth Project meets the definition of a public benefit entity under FRS102. Assets and liabil ities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note{s). Having satisfied the criteria as defined by paragraph 1,12 of FRS 102 the charitable company is exempt from the requirement to prepare a cash flow statement. Judgements & key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that effect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. However, there are no key assumptions and or other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets or liabilities within the next financial year. Going concern statement The financial statements have been prepared on a going concern basis which assumes that the Charitable Company will continue to operate. The validity of this assumption is dependent upon the continuance of support from the Charitable Company's key funders and stakeholders and in response to the progress made by the Company in pursuing a viable budget including the obtaining of further grants and other funds. The Charitable Company's business plan shows that it will be able to operate in the foreseeable future. Based on this understanding, the director trustees believe that it remains appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments, which would result from the basis of preparation being inappropriate. 15
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Principal accounting policies (Continued) Fund accountlng Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes and include funds designated for a particular purpose. the use of such funds remains at the discretion of the trustees. Restricted funds are funds subject to conditions imposed by the donor or by specific terms of the appeal under which the funds are raised. The restrictive conditions are binding upon the charitable company. Income Items of income are recognised and included in the accounts when all of the following criteria are met: The charity has entitlement to the funds. any performance conditions attached to the item(s) of income have been met or are fully within the control of the charity- there is sufficient certainty that receipt of the income is considered probable., and the amount can be measured reliably. Donated services and facilities are included at the value to the charitable company where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Expenditure and Irrecoverable VAT Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure on charitable activities includes the direct costs of projects and activities undertaken to further the purposes of the charity and their associated support & governance costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due. Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. Taxation As a registered charity no provision is considered necessary for taxation. Penslons The charity contributes into a Group Pension Plan for employees provided by the Peoples Partnership. This pension plan is defined contribution in nature and as required under FRS102 the annual cost is recognised as incurred and included in the Statement of Financial Activities. 16
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Notes to the financial statements 1. Donations & legacies Total funds 2025 Unrestricted Restricted funds funds General donations Income tax recoverable Grants 25,463 4,101 34,868 25,463 4,101 98,048 63,180 64,432 63,180 127,612 Total funds 2024 Unrestricted Restricted funds funds General donations Income tax recoverable Grants 20.821 2,895 2,000 20,821 2,895 89,290 87,290 25,716 87,290 113,006 2. Charltable Activltles 2025 2024 Restrlcted grants for programmes: National Lottery Community Fund West Midlands Police & Crime Commissioner 56,029 7,200 50,719 8.200 63,229 58,919 3. Trading Actlvltles 2025 2024 Unrestrlcted funds Fundraising events School fees and similar 19,445 7,075 1,574 3,260 26,520 4,834 4. Fundralslng Costs 2025 2024 Staff costs Fundraising fees & Event costs Other office costs 20,006 5,623 540 18,909 1,068 212 Total 26,169 20,189 17
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Notes to the financial statements (continued) 5. Expendlture on Charitable Activities 2025 2024 Direct Charitable expenditure.. Staff costs Freelance workers Staff recruitment & training Volunteer costs Rent Insurance Travel Legal & professional fees Office costs Evenuactivity costs Bank charges Governance costs.. Independent Examiners fee 156,692 8,264 3,007 1,118 5,400 1,822 1,843 3,456 2,641 13,422 144 117,753 8,286 1,169 283 5,350 951 754 3,120 2,929 12,594 144 Total 199 309 154,833 Expenditure on charilable activities includes £142,111 on restricted funds (2024.. £124,124) 6. Analysls of staff costs, trustee remuneratlon and expenses 2025 2024 Salaries National Insurance Pension costs 159,688 6,818 10,192 124,543 3,676 8,443 Total 176 698 136,662 The Charitable Company employed an average of 8.75 {2024: 6.25) staff during the year. No employees had benefits in excess of £60,000 (2024.. nil). Pension costs are allocated to activities in proportion to the related staffing costs incurred. No expenses were reimbursed to Trustees during the year (2024.. nil). The key management personnel of the charity comprise the trustees and the National Director. Trustees receive no remuneration or other benefits from the charity. The pay of key management personnel for the year was £43,372 (2024: £41,306), including employer pension contributions. 18
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Notes to the financial statements (continued) 7. Debtors 2025 2024 Trade debtors Prepayments Income receivable 10,730 2,563 4,380 17,673 9,240 2.291 1,353 12,884 8. Creditors: amounts falling due wlthln one year 2025 2024 Trade creditors Accruals Deferred Income - advance payments for events Social security & other taxes Other creditors 833 2,700 80 2,154 3,240 3,340 605 9,419 3,249 19
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Notes to the financial statements (continued) 9. Restrlcted funds Movement in Funds Balance At beginning ear Balance At end 2025 Income enditure Transfers Restricted Funds Awards for All 8,412 (8,412) Funding for Holiday Programme In Tow8r Hamlfjls for F6b 24 - Au 2024 St. Peter's, Saltley Trust 5,000 10,000 (10,000) 5,000 Annu81 lunding for th8 Tr8nsforming D181ogu Hub Wesl Mid18nLls Jan 2021- Dec 2026 The Merchant Taylors, Foundation 28,173 35,000 (36,924) 26,249 Annu41 lunding for Tower Hamlets Hub Jan 2021- Dec 2026 Grantham Yorke 3,409 (3,053) 356 Funding for Wesl Midlands lo deliver Schools work Jan 24- Dgc 24 Wixamtree Funding for Luton Hollday programme Aug 2024 3,000 (3,000) Westhill 1,500 1,500 (3,000) Funding for Lulon lo run workshops and trainin 8round dl810 ue Feb 2024 - Fgb 2025 20
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Hibbert Trust 985 2,500 (1,349) 2,136 Funding for Tower Hamlets to d8liver Youth Encounters Dec 2023- Dsc 2025 George Henry Collins 617 (617) Funding for Wesl Midlands Youth and S¢hools Worker sala Dec 2023- Nov 2024 Hearl of England 10,516 (10,516) Funding for Wesl Midlands Youth Encounter Jan 2024- Dec 2024 National Lottery (4) Year l of 5 year funding for Wesl Midlands Holid Pro ramme and Youlh Encounters Near Neighbours Join the dots 27,875 56,029 (51,750) 32,154 3,875 (3,875) Funding for Lulon Encounters Mar 2024- July 2024 West Midlands Police & Crime Commissioner Ygar g of 2 ysars funding for Wgst Midlands Schools Pro rammes 303 7,200 (7,503) Spalding Trust Fundin for s8la Groundworks Fundin for Summer holid8 ramme 2025 Birmingham City Council costs 2.900 725 2,175 1,000 1,000 Livin Well with Difference worksho 7,280 126,409 92,135 1,387 142,111 83,367 225 478 5,893 74,963 40,609 115572 Total Restricted funds Unrestrlcted funds Total Funds 90,665 31,841 122 506 21
The Feast Youth Project Trustees, Report and Financial Stalements for the year ended 31 March 2025 Notes to the financial statements (continued) Movement in Funds Balance At beginning ear Balance At end ear 2024 Income endlture Transfers Restricted Funds Awards for All 2,239 8,412 {2,239) 8,412 Funding lor Holiday Programme in Tower Haml6ls for Feb 24- Au 2024 st. Peter's, Saltley Trust 5,000 15,000 (15,000) 5,000 Annu81 funding for Ihe Transk?miing Dialogue Hub Ivesl Midlands J8n 2021- Dec 2026 The Merchant Taylors, Foundation 32,500 35,000 (39,327) 28,173 Annual lunding for rower Hamlets Hub Jan 2021- Dec 2026 Methodist Church - Connexional grant 5,961 (5,961) Nalional fundlng forpartngring with and supporting Melhodlsl Youlh work Jan 2017 - rgsenl Edwards Cadbury Trust 300 (300) Funding for inl8rgengr81ion81 project in West Midlands Grantham Yorke 476 5,000 (2,067) 3,409 Funding lor Wesl Midlands lo d&liver Schools work Jan 24- Dgc 24 Wixamtree Funding for Lulon Holldayprogrammg Aug 2024 National Lottery (3) 2,850 {2,850) 1,500 (1,500) Lasl year of 3 ye8r grant for Wgsl Midlands Holida ramme Westhill 2,500 1,500 (2,500) 1,500 Funding for Luton to run workshops and Irainin around dialo ue Feb 2024- Feb 2025 Lord Austin Trust 1,500 (1,500) Funding for salary for Wesl Midlands Youth and Schools worker Jan 23 Leathersellers 9,479 (9,479) Funding for Lulon salaries June 2022- March 2023 NN2 575 (575) Funding for Lulon for Connections work Feb 2023- June 2023 Bedford & Luton Community Foundation Funding lor Youth Encounters in Lulon Feb 2023- Feb 2024 (3,700) 3,700 22
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Rank Foundation Funding for Tower Hamlels Holiday Pro ramme Jul 2023- October 2023 Hibbert Trust 1,575 (1,575) 2,500 (1,515) 985 Funding for Tower Hamlets to deliver Youth Encounlers Dec 2023- Dec 2024 George Henry Collins 1,000 (383) 617 Funding for Wesl Midlands Youlh and Schools Worker sala Dsc 2023- Nov 2024 Heart of England 13.328 (2,812) 10,516 Funding for Wesl Midlands Youth Encounle Jan 2024- Dec 2024 National Lottery {4) 50,719 (22,844) 27,875 Year 7 015 year funding kjr Wesl Midlands Holida Pr ramme and Youlh Encounlers Near Neighbours Join the dots Funding for Lulon Encounte Mar 2024 - Juty 2024 West Midlands Police & Crime Commissioner Year l of 2 years funding for Wgst Midlands Schools Pro rammes 3,975 (100) 3,875 8,200 (7,897) 303 Total Restrlcted funds Unrestricted funds Total Funds 64,880 54,494 119 374 146,209 31,945 178 154 124,124 50,898 175 022 3,700 3,700 90,665 31,841 122 506 10. Analysis of net assets between funds Restricted Unrestricted funds funds 2025 Total Current assets Current liabilities 74,963 48,474 123,437 (7,865) (7,865) Total funds 40,609 115 572 Restricted Unrestricted funds funds 2024 Total Current assets Current liabilities 90,665 41,260 131.925 (9,419) (9,419) Total funds 90,665 31,841 122,506 11. Controlling Interests The charity is controlled by the trustees. 12. Related party transactions During the year the charitable company received unrestricted donations from the trustees totalling £4,855 (2024.'£4,020) 23
The Feast Youth Project Trustees, Report and Financial Statements for the year ended 31 March 2025 Notes to the financial statements (continued) The charitable company rents its offices from Christ Church Sparkbrook. The church's vicar. the Reverend Toby Crowe, is also a trustee of the charity. The trustees are not aware of any other transactions with organisations or individuals where they are able to exert significant influence either individually or as a body. 13. Comparatlve statement of Financial Activitles for 2024 Un- restricted Restrlcted funds funds 2024 2024 Total funds 2024 Income: Donations & legacies Charitable Activities Trading Activities Investments - bank interest Total income 25,716 87,290 113,006 58,919 58,919 4,834 4,834 31,945 146,209 178,154 Expenditure: Raising Funds Charitable Activities 20,189 30,709 20,189 124,124 154,833 Total expenditure 50,898 124,124 175,022 Net (expendlture)I Income {18,953) 22,085 3,132 Transfers between funds (3,700) 3,700 Net movement in funds after transfers (22,653) 25,785 Reconciliatlon of funds: Total funds brought forward 64 880 119 374 Total funds carried forward 90,665 122,506 24