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2023-09-30-accounts

Youth United Foundation

Annual Report and consolidated financial statements

30 September 2023

Company Limited by Guarantee Registration Number 07983862 (England and Wales) Charity Registration Number 1147952

Contents

Reports
Chair’s report 1
Directors’ andTrustees’ report 3
Reference and administrative details 12
Independent examiner’s report 13
Financial Statements
Consolidated statement of financial activities 14
Consolidated and parent balance sheets 15
Consolidated statement of cash flows 16
Principal accounting policies 17
Notes to the financial statements 20

Youth United Foundation

Chair’s Report 30 September 2023

I write this report with a huge sense of admiration and gratitude towards the Youth United Foundation team and with a tear in the eye that my terms alongside these amazing colleagues is coming to an end. I am immensely proud of how many young people’s live s have been enriched as a consequence of such hard work and dedication and am confident that the charity will continue to do all that it can to ensure all young people have access to opportunity through involvement in a uniformed youth group long into the future. We remain deeply honoured that His Majesty the King also continues to champion and support our important work and are grateful for his ongoing patronage. On behalf of the Trustees, Staff and our Network members, I would like to extend our thanks for this great honour.

I am very pleased to tell you that, this year, Youth United Foundation, in collaboration with Groundwork, has continued to support the creation of new places in uniformed youth groups with the DCMS Uniformed Youth Fund. As we begin the third year of this programme, over two thousand new volunteers have been recruited, resulting in over twelve thousand new places being created. Significant numbers of these places have been actively targeted and established in areas with low indices of multiple deprivation (IMD1-5). We look forward to seeing the creation of even more places as we enter the final year of the fund.

I am also particularly heartened by the promising outcomes of two of our pilot projects, both of which have positively impacted the young participants by enhancing their sense of belonging and overall wellbeing. Belonging is a fundamental premise that lies at the core of uniformed youth organisations and these initiatives provide invaluable opportunities for connection and engagement. I want to extend my thanks to Royal London for funding Silver United, our intergenerational music making project which successfully connected uniformed youth groups with older people in residential settings to make music. Both groups told us that they benefited from this. Historic England have been wonderful in supporting our project to test a model for growing the number of local projects that involve young people in their local heritage in a way that is meaningful for them. This feasibility project was so successful that we have now been able to gain more funding to positively impact young people’s wellbeing, with the engageme nt of 200 leaders who will help with developing their skills and assets to deliver this type of project.

I was thrilled to see the team reach out and establish much stronger links to the group of regional organisations who are coming together under the direction of their Lord Lieutenants to unite uniformed youth groups so that they can work effectively though sharing resources and problem solving at a county, as well as national, level. I look forward to seeing the ongoing plans to engage widely across the UK come to fruition.

Looking forward, our Network of organisations and Trustees recognise that their activities:

We believe we can work with other funders to both increase the reach and give access to a wider range of activities for the young people we seek to serve.

My sincere thanks go to:

Youth United Foundation 1

Chair’s Report 30 September 2023

Alex Peace-Gadsby

Interim Chair of Trustees

12[th] June 2024

Youth United Foundation 2

Directors’ and Trustees’ report 30 September 2023

The Trustees of the Youth United Foundation present their annual Directors’ and Trustees’ report together with the financial statements of the charity for the year ended 30 September 2023. The report and financial statements are the consolidated financial statements of Youth United Foundation and its subsidiary company, YUF Enterprises Limited, and have been prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Foundation’s 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 (FRS 102).

Our vision and mission

Youth United Foundation exists to improve outcomes for young people, regardless of background, by expanding access to uniformed youth groups.. Our member organisations are:

Army Cadet Force St John Ambulance
Fire Cadets The Boys’ Brigade
Girlguiding The Girls’ Brigade England & Wales
Jewish Lads’ and Girls’ Brigade The Scout Association
RAF Air Cadets Volunteer Police Cadets
Sea Cadets

Membership of the Youth United Network is open to any UK-focused organisation that meets the following criteria:

These established, national voluntary youth organisations come together under the Youth United banner to collaborate and where possible, to grow their provision, especially in areas and communities where there is less tradition of uniformed youth activity. They form a powerful Network which increases their joint understanding on common issues, realises the benefits of collaboration and then, through each of their internal structures, supports local activity. Each member of the Youth United Network remains an independent organisation, working to realise its individual aims and objectives.

Youth United Foundation 3

Directors’ and Trustees’ report 30 September 2023

Our vision and mission (continued)

The role of the Foundation is to secure and administer funding in an efficient and effective way to enable the creation of new uniformed youth groups where they are most needed, and to deliver strategic support for the Network as a whole, for example through the collation of data. It also supports collaboration between members so that they can share knowledge and support each other.

Charitable objects

The Youth United Foundation ’s objects, as set out in its Articles of Association, are for the public benefit to promote the emotional, spiritual, physical, intellectual, and social development of young people ("Beneficiaries"), by pursuing any lawful charitable purposes at the discretion of the Trustees and in particular:

The Foundation aims to deliver these objects by making it possible for every young person in the UK to take part in uniformed youth activities through one of its member organisations.

Convening and supporting the Network

The Foundation has a vital role to play in both convening and supporting the Network. Regular meetings are held with all of the Network organisation Chief Executive Officers or their senior representatives. These meetings provide a forum to discuss strategy, policy and to share ideas and concerns. The strength which comes from sharing and discussing issues which are common to all of our Network members is not to be underestimated. As explained below, the Foundation’s role in convening and supporting these meetings has been particularly important during the pandemic, when meetings have been held on a fortnightly basis to facilitate knowledge sharing and joint problem solving. The Foundation also provides a platform for disseminating information to the Network on key issues such as safety, safeguarding, policy changes and key youth work developments. The Foundation maintains a focus on evaluating the impacts of our investment across the Network.

Youth United Foundation 4

Directors’ and Trustees’ report 30 September 2023

Projects and Partnerships

This year, we have continued to foster several impactful partnerships with esteemed organisations to which improve outcomes for young people through uniformed youth groups.

DCMS Uniformed Youth Fund:

Our collaboration with Groundwork UK has been remarkably successful. Working seamlessly as a team, we awarded grants totalling £15.6 million to nine Network members through a competitive process. These grants aim to create close to 19,000 new opportunities for young people by 2025. After 6 months of the fund to September 2023, we had already achieved a significant milestone, with 2300 new opportunities established! Notably, 50% of these opportunities reside in the most deprived areas (IMD 1-5). The months of this funding has been about capacity building in the teams of the grant holding organisations. These means that we will see an acceleration of the growth in number of places over the coming months. All grantees remain on track to meet their final targets.

Royal British Legion:

Continuing our longstanding tradition, we partnered with the Royal British Legion to engage young people from uniformed youth organisations in remembrance activities. This culminated in a powerful display of respect, with 500 young people from various Network organisations proudly participating in the Y column at the Cenotaph commemoration event in London.

Historic England:

We're thrilled with the results of our feasibility project with Historic England. This project aimed to design and test a framework that encourages young people's sense of community belonging through social action projects focused on their local heritage. The initiative focused on removing barriers that prevent uniformed youth groups from connecting with their local heritage and established a framework to facilitate future engagement.

The results were extremely positive and Historic England has generously committed an additional 12 months of funding starting January 2024. This funding will support the training of 200 uniformed youth leaders on how to involve their groups in heritage projects. This initiative is projected to benefit over 80 young people by fostering a stronger sense of belonging to their communities by the end of 2024.

Regional Youth United and Youth Organisations in Uniform:

Our team actively reached out to and connected with various organisations that bring uniformed youth groups together at a regional (YoU London, YoU West Midlands) or county level (YU Derbyshire, YU Cheshire). All these groups, with strong connections to their local Lord Lieutenants, exemplify the power of collaboration between uniformed youth groups in sharing resources and knowledge.

Youth United Foundation 5

Directors’ and Trustees’ report 30 September 2023

Silver United

Our project which was funded by Royal London, brought together young people in uniformed youth groups and people in residential settings for older people. The project successfully involved intergenerational activities in four areas with four different uniformed youth groups. These groups each had weekly sessions with a music leader from Intergenerational Music Making. Both groups benefitted enormously from this, with the outcomes described below.

Youth United Foundation 6

Directors’ and Trustees’ report 30 September 2023

Staffing

The team welcomed Flora Ward on board as Network Coordinator. Flora’s background in working as a grant maker and with young people as a teacher is a huge asset to the team.

Looking forward

In October 2023 it was announced that the Foundation’s partnership with Groundwork had been extended for a further 12 months to continue to support the uniformed youth organisations who secured the grant funding deliver more by working together. We will bring the organisations together so that they can learn from each other about what works, and we continue to encourage them to work closely together and share resources where they can.

This funding gives the organisation a secure platform on which to grow and deliver its vision. The Trustees are working to develop a strategy for the organisation to build on this work to 2025. Our strategy is to secure funding for projects which support more young people to be able to access unformed youth groups. A number of projects are in the pipeline including:

Youth United Foundation 7

Directors’ and Trustees’ report 30 September 2023

Structure, governance and management

Stewardship and support during 2022-23

The Board of Trustees met five times during the period covered by this report. Key issues discussed included

Appointment of Trustees

As set out in the Articles of Association, the Youth United Foundation must have at least three and no more than 11 Trustees. Up to two of the Trustees may be appointed upon nomination of the Youth United Network and up to nine may be appointed by the Trustees. The Chair is also appointed by the Trustee s. The Foundation’s Trustees are also directors of the Youth United Foundation for the purposes of company law.

Trustee induction and development

Three new Trustees were appointed during this period. The Foundation’s practice is for new (and as required existing) Trustees to be briefed by co-Trustees, the Director, and the Financial Consultant on their legal obligations under charity and company law and on:

Reference documentation is provided to support briefings with updates being issued as required. Trustees are also encouraged to meet key employees, visit uniformed youth groups, and undertake training or attend courses which are relevant to the development of their role and to maintain currency with legislative and regulatory requirements.

None of the Trustees receive remuneration or other financial benefit from their work with the Youth United Foundation.

Organisation

The Board of Trustees direct the strategy for the Foundation. It normally meets four times a year, on a quarterly basis.

The Board was chaired by Suki Kalirai until September 2023. Alex Peace-Gadsby stepped in as Interim Chair from that date

Youth United Foundation 8

Directors’ and Trustees’ report 30 September 2023

A Director is appointed by the Trustees to manage the day-to-day operations of the charity, covering operational matters including project, finance and Network engagement.

Relationship with the Youth United Network

The Youth United Foundation is closely entwined with and works to support the Youth United Network. The two work together co-operatively as Youth United. Network member organisations or their appointed representatives are members of the Foundation and nom inate up to two of the Foundation’s Trustees. The Chair of the Board of Trustees attends Network meetings, which are chaired either by the Foundation’s Director or the Chair of Trustees. The Network also receives operational, secretariat and advisory supp ort from the Foundation’s staff.

Financial review

Report for the year

– For the year ended 30 September 2023, the group generated total income of £178,521 (2022 £70,838) – and incurred total expenditure of £151,190 (2022 £144,554). The provision of grant management and administration services, provided by the subsidiary YUF Enterprises Limited, generated £133,907 of trading income and after trading expenditure of £57,241 contributed a surplus of £76,666.

The charitable expenditure amounted to £93,949 for the year, of which governance costs was £6,480 – (2022 - £7,215) and programme and support costs were £87,469 (2022 £124,789).

The group’s overall surplus for the year was £27,331 (2022 - deficit of £73,716)

Trustee remuneration

The Trustees, who are also directors of the company, are responsible for directing, controlling and operating the Foundation on a day-to-day basis. All Trustees give their time freely and no Trustee received remuneration in the year. No out of pocket expenses were claimed by the Trustee s’ during the – year (2022 £900).

Risks

The Trustees have assessed the major risks to which Youth United Foundation is exposed, in particular those relating to specific operations and finances and wider strategic risks. As with many charities and membership bodies, the organisation’s major risks are around :

Youth United Foundation 9

Directors’ and Trustees’ report 30 September 2023

The Trustees believe that by ensuring controls exist over key financial systems, and by examining the operational and business risks faced by the charity, they have established effective systems to mitigate these risks. Additionally, the Trustees have led the development of a new risk management system which involves regular review of identified risks and issues and assessment of effectiveness of risk mitigation.

The charity has purchased insurance to protect it from any loss arising from the neglect or defaults of its Trustees, employees and agents and to indemnify the Trustees or other officers against the consequences of any neglect or default on their part. The insurance premium provides cover up to a maximum of £5 million.

Reserves

Every charity is required to disclose its reserves policy. This is often phrased in terms of keeping sufficient unrestricted reserves to fund a number of months ’ normal operations. Historically, under the terms of Youth United grants from the Department of Communities and Local Government and the Cabinet Office, the charity did not generate surplus reserves as the monies were primarily for restricted purposes. As a result, Youth United did not operate with significant levels of unrestricted funds.

At 30 September 2023 Youth United has unrestricted funds of £174,458 (2022 - £146,603) available to support the Foundation’s charitable objectives, and restricted reserves of £7, 149 primarily related to grant funding for two ongoing projects, Historic England and Royal London, which will be spent in the ensuing financial period.

The Trustees continue to review the Foundation’s reserves policy. Based on current activity levels, the Trustees aim to maintain minimum reserves equivalent to 4 months ’ unrestricted expenditure, approximately £25,000, which is sufficient to allow the Foundation to continue to seek funding commitments and meet future expenditure and liabilities. At 30 September 2023, the target level of reserves was exceeded which provides further assurance that the Foundation is able to meet its expenditure and pay its liabilities as they fall due.

Fund raising

The Foundation does not fundraise directly with individuals and therefore is not registered with the Fundraising Regulator.

When donations from individuals are received the Foundation aims to protect personal data and never sells data or swaps data with other organisations. The charity manages its own fundraising activities. The Foundation undertakes to react to and investigate any complaints regarding its fundraising activities and to learn from them and improve its service. During the year ended 30 September 2022, the Foundation received no complaints about its fundraising activities.

Youth United Foundation 10

Directors’ and Trustees’ report 30 September 2023

Statement of Trustees’ responsibilities

The Trustees (who are also directors of the Youth United Foundation for the purposes of company law) are responsible for preparing the Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each period which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the Youth United Foundation for that period.

In preparing financial statements, Trustees are required to:

 select suitable accounting policies and then apply them consistently;

 observe the methods and principles in 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);

 make judgements and estimates that are reasonable and prudent;

 state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

 prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The above report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by and signed on behalf of the Trustees by:

ALEX PEACE-GADSBY

Trustee:

Date: 12 June 2024

Youth United Foundation 11

Reference and administrative details 30 September 2023

Trustees

The Trustees serving in the year and to the date of this report were as follows:

Appointed Trustees Dates Role
(Duncan) Ian Callaghan Appointed 28 November 2022 Trustee
Daniel Paul Richard Greaves Appointed 28 November 2022 Trustee
Tafadzwa God’swishGidi Appointed 14 September 2021 Trustee
Sukhjinder Singh Kalirai Appointed 24 June 2021– Chair of the Board
resigned 18 September 2023
Andrew Christopher Lison Appointed 7 March 2020 Trustee
Alison Mary Oliver Appointed 14 September 2021 Trustee
Paul Howard Stephen Re-appointed 23 January 2018 Treasurer
resigned 6thJune 2023
Network nominated Trustees
Alexandra Peace-Gadsby Appointed 20 October 2016 Network Trustee and Interim
Chair of the Board
Edward Martin Sherry Appointed 24 June 2021 Network Trustee

Professional advisers

Independent Examiners: Buzzacott LLP, 130 Wood Street, London, EC2V 6DL Bankers: NatWest Bank PLC, Gredley House, 1-11 Broadway, Stratford, London, E5 4DX Solicitors: Stone King LLP, 16 St John’s Lane, London, EC1M 4BS HR Adviser: Bradic Ltd, The Bell, Cottered, Herts, SG9 9PT

Reference Information

Registered charity number: 1147952 Company number: 07983862 (England and Wales) Registered address: 200B Lambeth Road, London SE1 7JY Telephone: +44 (0)207 4017601 Website: www.youthunited.org.uk Email: youth.united@yuf.org.uk

Youth United Foundation 12

Independent examine r’s report 30 September 2023

Independent examiner’s report to the trustees of Youth United Foundation

I report to the charity trustees on my examination of the financial statements of the charitable company for the year ended 30 September 2023.

Responsibilities 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 financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the financial statements of the charitable 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 financial sta tements 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 my examination giving me cause to believe:

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.

Katharine Patel, ACA Buzzacott LLP Chartered Accountants 130 Wood Street London

EC2V 6DL

Youth United Foundation 13

Consolidated statement of financial activities Year ended 30 September 2023

Notes
Unrestricted
funds
£
Restricted
funds
£		 Total funds
2023
£		 Unrestricted
funds
£
Restricted
funds
£
Total funds
2022
£
Income from:
Charitable activities
1
Other trading activities
6
Investment income

Total income
Expenditure on:
Expenditure on raising funds
6
Charitable activities
2
Total expenditure
Net income / (expenditure)
for the year before
transfers

Transfers


Net movement in funds

Reconciliation of funds:
Balances brought forward at
1 October 2022
8/9
Balances carried forward at
30 September 2023
8/9
—

133,907

759		 43,855
—
—
43,855
133,907
759		 28,269
—
48
42,521
—
—		 70,790
—
48
134,666
43,855		 178,521 28,317
42,521		 70,838

57,241

50,827
—

43,122

57,241
93,949		 —
95,899		 —

48,655		 —
144,554
108,068
43,122		 151,190 95,899
48,655		 144,554
26,598



1,257
733


(1,257)
27,331

—		 (67,582)

—
(6,134)


—		 (73,716)
—



27,855

(524)
27,331
(67,582)

(6,134)		 (73,716)

146,603
7,673

154,276		 214,185
13,807		 227,992

174,458
7,149
181,607		 146,603
7,673		 154,276

All income and expenditure derived from continuing activities in the above two financial periods.

The consolidated statement of financial activities includes all gains and losses.

Youth United Foundation 14

Consolidated and parent company balance sheet 30 September 2023

Notes Consolidated
2023
£
Consolidated
2022
£
Parent
2023
£
Parent
2022
£
Tangible fixed assets
Investments
6
Current assets
Debtors
7
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one year
8
Net assets
The funds of the charity:
Income funds:
Restricted funds
9
Unrestricted funds
9
10		 —
—
1
—
50,745
33,245
49,480
33,245
160,307
168,994
80,595
168,994
211,052
202,239
130,075
202,239
(29,445)
(47,963)
(25,133)
(47,963)
181,607
154,276
104,942
154,276
7,149
7,673
7,149
7,673
174,458
146,603
97,793
146,603
181,607
154,276
104,942
154,276

The parent charitable company has taken the exemption from preparing a separate statement of financial activities, as permitted by section 408 of the Companies Act 2006. The net expenditure for the parent charitable – parent company was £49,335 (2022 net expenditure - £6,134).

Approved by the Trustees and signed on their behalf by:

Alex Peace-Gadsby

Chair & Trustee

Ian Callaghan

Trustee

Date: 12 June 2024

Youth United Foundation 15

Statement of cash flows Year ended 30 September 2023

Notes
2023
£		 2022
£
Cash flows from operating activities:
Net cash (used in) operating activities
A
Cash flows from investing activities:
Interest received
Net cash provided from investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at 1 October 2022
B
Cash and cash equivalents at 30 September 2023
B

**(9,446) **		 (61,438)


759		 48
759 48

(8,687)


168,994
 (61,390)
230,384

160,307		 168,994

Notes to the statement of cash flows for the year to 30 September 2023.

A Reconciliation of net movement in funds to net cash provided by (used in) operating activities

activities
2023
£		 2022
£
Net movement in funds (as per the statement of financial activities)
Adjustments for:
Interest received
Increase in debtors
(Decrease) / increase in creditors
Net cash(used in) operating activities		 27,331
(759)
(17,500)
(18,518)		 (73,716)
(48)
(21,245)
33,571
(9,446) (61,438)

B Analysis of cash and cash equivalents

Analysis of cash and cash equivalents
2023
£		 2022
£
Cash at bank and in hand
Total cash and cash equivalents		 160,307 168,994
160,307 168,994

Youth United Foundation 16

Principal accounting policies 30 September 2023

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are laid out below.

Basis of preparation

These financial statements have been prepared for the year ended 30 September 2023.

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 United Kingdom and Republic of Ireland (FRS 102) (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared under the historical cost convention except for the modification to a fair value basis as specified in the accounting policies below.

The charity constitutes a public benefit entity as defined by FRS 102.

All financial information is presented in British Pounds Sterling (£), the charity’s functional currency, and has been rounded to the nearest pound (£).

Basis of consolidation

The financial statements consolidate the financial statements of Youth United Foundation and its subsidiary undertaking drawn up to 31 September each year. No statement of financial activities is presented for Youth United Foundation, the charitable company, as permitted by section 408 of the Companies Act 2006.

The subsidiary, YUF Enterprises Limited was incorporated in November 2022 and commenced trading in March 2023, providing grant management services. Its results for the period ended 30 September 2023 are included in the group results. The subsidiary is consolidated as a wholly owned subsidiary on the basis that Youth United Foundation has control, which comprises the power to govern the financial and operating policies of the subsidiary so as to obtain benefit from its activities

Critical accounting estimates and judgements

The preparation of financial statements requires the use of certain critical accounting estimates and judgements. It also requires the Trustees to exercise judgement in the process of applying accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including an expectation of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Trustee s’ best knowledge of the amount, event or actions, actual results may differ from those estimates.

The Trustees do not consider that there are any significant areas of estimation or judgment that affect the financial statements.

Youth United Foundation 17

Principal accounting policies 30 September 2023

Assessment of going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The Trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements.

The Trustees believe the cash reserves and level of unrestricted funds is sufficient to allow the charity to continue to meet future expenditure and liabilities as they fall due. The Trustees have therefore concluded that it is appropriate for the charity to continue to prepare its accounts on the going concern basis.

Income

Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grant have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from grant management and administration services is recognised when the services are delivered.

Expenditure

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. It includes VAT which cannot be recovered.

Expenditure on charitable activities

The costs of charitable activities comprise expenditure on the charitable company’s primary charitable purposes as described in the Trustee s’ report. Such costs may include:

Support and governance costs

Support costs are those functions that assist the work of the charity, but are not directly related to charitable activities. Support costs include administration, personnel and governance costs and also include support in the form of personnel development, financial procedures, the provision of office services and equipment and a suitable working environment.

Governance costs are the costs associated with the governance of the charitable company and its assets. Included within this category are costs associated with the strategic, as opposed to the day to day, management of the charitable company’s activities.

Youth United Foundation 18

Principal accounting policies 30 September 2023

Financial instruments

The charity only holds basic financial instruments as defined in FRS102. The financial assets and financial labilities and their measurement basis is as follows:

Financial assets – accrued income is a basic financial instruments and are debt instruments measured at amortised cost.

Cash at bank – is classified as a basic financial instrument and is measured at face value.

Financial liabilities – trade creditors and accruals are financial instruments and are measured at amortised cost. Deferred income is not deemed to be a financial liability, as cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Cash at bank and in hand

Cash at bank and in hand represents cash that is available on demand or has a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year are disclosed as short term deposits.

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be measured or estimated reliably.

Creditors and provisions are initially recognised at fair value, being the amount the charity anticipates it will pay to settle the debt, and subsequently at amortised cost.

Fund accounting

Unrestricted funds are funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors. The aim and use of each restricted fund is set out in the notes to the financial statements. Expenditure incurred in fulfilling the objective of each restricted fund is charged against the fund balance and shown in the relevant expenditure category in the charity’s statement of financial activities.

Youth United Foundation 19

Notes to the financial statements Year ended 30 September 2023

1 Income from charitable activities

Income from charitable activities
Unrestricted
funds
£		 Restricted
funds
£		 2023
£
Grants receivable:
. DCMS Bid
. Historic England
. Royal London/Silver United
2023 Total income from charitable activities		 —
—
—		 1,900
16,955
25,000		 1,900
16,955
25,000
— 43,855 43,855
Unrestricted
funds
£		 Restricted
funds
£		 2022
£
Grants receivable:
. DCMS Bid
. Historic England
. Royal London/Silver United
Network contributions from members
2022 Total income from charitable activities		 3,269
—
—		 25,276
5,000
12,245		 28,545
5,000
12,245
3,269
25,000		 42,521
—		 45,790
25,000
28,269 42,521 70,790

2 Expenditure

Expenditure
Direct
charitable
expenditure
£		 Support
costs
£		 2023
£
Charitable activities
. Programme costs (see below)
. Governance (see note 3)
2023 Total expenditure		 40,510
—		 46,959
6,480		 87,469
6,480
40,510 53,439 93,949
Direct
charitable
expenditure
£		 Support
costs
£		 2022
£
Charitable activities
. Grants payable
. Programme costs (see below)
. Governance (see note 3)
2022 Total expenditure		 12,550
36,105
—		 —
88,684
7,215		 12,550
124,789
7,215
48,655 95,899 144,554

Youth United Foundation 20

Notes to the financial statements Year ended 30 September 2023

2 Expenditure (continued)

The direct charitable expenditure, known as programme costs, consist of the following principal expenditure:

Programme costs:
Wage costs
. Consultancy fees
. Premises and office costs
. Travel
. Other costs
2023 Totalprogramme expenditure		 Direct
charitable
expenditure
£		 Support
costs
£		 2023
£
—
40,150
—
360
—		 7,077
26,815
8,913
1,321
2,833		 7,077
66,965
8,913
1,681
2,833
40,510 46,959 87,469
Programme costs:
. Consultancy fees
. Premises and office costs
. Travel
. Other costs
2022 Totalprogramme expenditure		 Direct
charitable
expenditure
£		 Support
costs
£		 2022
£
72,556
11,158
2,219
2,751		 35,505
—
600
—		 108,061
11,158
2,819
2,751
88,684 36,105 124,789

3 Governance

Unrestricted
funds
£		 Restricted
funds
£		 2023
£
Auditor’s remuneration
. Independent examiners report and accounting services
2023 Totalgovernance expenditure		 6,480 — 6,480
6,480 — 6,480
Unrestricted
funds
£		 Restricted
funds
£		 2022
£
Auditor’s remuneration
. Statutory audit services (including VAT)
Recruitment of new Trustees
2022 Totalgovernance expenditure		 6,720
495		 —
—		 6,720
495
7,215 — 7,215

Youth United Foundation 21

Notes to the financial statements Year ended 30 September 2023

4 Staff costs including key management personnel and trustees' remuneration Staff costs for the group were as follows:

2023
£		 2022
£
Wages and salaries
Social security costs
Pension costs		 31,063
—
449		 —
—
—
31,512 —

No social security costs were incurred due to the small company employment exemption.

– The average monthly number of employees during the year was two (2022 Nil) and their time was allocated between the parent company and the subsidiary. No employee earned more than £60,000 (including taxable benefits but excluding employer pension contributions) during the year (2022 - none).

Key management consisted of the Trustees, who received no remuneration in respect of their services as a Trustees during the year. The total emoluments of key management was – nil (2022 £nil).

– No Trustees were reimbursed for out of pocket expenses in the year (2022 £900).

5 Taxation

Youth United Foundation is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

6 Investments

Investments in subsidiary undertakings

Youth United Foundation subscribed for the entire issued ordinary share capital of 100 shares with a nominal value of 1p per share, on 22 November 2022 of a newly incorporated UK company, YUF Enterprises Limited, company number 14510586 (England and Wales).

YUF Enterprises Limited commenced trading in March 2023 and provides grant management services. The summarised financial information on YUF Enterprises Limited included in the consolidated financial statements is given below:

2023
£		 2022
£
Aggregate assets
Aggregate liabilities
Aggregate funds
Total income
Total expenditure
Net income		 111,047
(34,380)		 —
—
76,667 —
133,907
(57,241)		 —
—
76,666 —

Youth United Foundation 22

Notes to the financial statements Year ended 30 September 2023

6. Debtors

6. Debtors
Consolidated
Parent company
2023
£
2022
£
2023
£
2022
£
18,000
—
18,000
—
—
—
28,270
—
32,745
33,245
3,210
33,245
50,745
33,245
49,480
33,245
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income		 18,000
—
18,000
—
—
28,270
32,745
33,245
3,210		 —
—
33,245
50,745
33,245
49,480		 33,245

7. Creditors: amounts falling due within one year

Consolidated
Parent company
2023
£
2022
£
2023
£
2022
£
10,374
14,508
10,856
14,508
—
—
1,317
—
5,901
—
—
—
210
—
—
—
12,960
33,455
12,960
33,455
29,445
47,963
25,133
47,963		 Consolidated
Parent company
2023
£
2022
£
2023
£
2022
£
10,374
14,508
10,856
14,508
—
—
1,317
—
5,901
—
—
—
210
—
—
—
12,960
33,455
12,960
33,455
29,445
47,963
25,133
47,963
Trade creditors
Amounts owed to group undertakings
Taxes and social security
Other creditors
Accruals and deferred income		 10,374
14,508
10,856
—
—
1,317
5,901
—
—
210
—
—
12,960
33,455
12,960		 14,508
—
—
—
33,455
29,445
47,963
25,133		 47,963

8. Funds

Restricted funds: Group and Parent

The charity’s restricted funds comprise the following unexpended balances of grants held on trust to be applied for specific purposes:

At 30
September
2022
£		 Income
£		 Expenditure
£		 Transfers
£
—
—
—
(1,000)
(257)
(1,257)
Transfers
£
—
—
—
—
—
—
—		 At 30
September
2023
£
Historic England
Royal London / Silver United
DCMS
DCR Allen
NHS England		 2,916
3,500
—
1,000
257		 16,955
25,000
1,900
—
—		 (19,481)
(23,641)
—
—
—		 390
4,859
1,900
—
—
7,673 43,855 (43,122) 7,149
At 30
September
2021
£		 Income
£		 Expenditure
£		 At 30
September
2022
£
Historic England
Royal London / Silver United
DCMS Bid
Prince of Wales Fund
DCR Allen
NHS England		 —
—
—
12,550
1,000
257		 28,545
5,000
8,976
—
—
—		 (25,629)
(1,500)
(8,976)
(12,550)
—
—		 2,916
3,500
—
—
1,000
257
13,807 42,521 (48,655) 7,673

Youth United Foundation 23

Notes to the financial statements Year ended 30 September 2023

9, Funds (continued)

Transfers represent the allocation of support costs.

The specific purposes for which the funds are to be applied are as follows:

Historic England

Grant funding for the period 1 April 2022 to 31 March 2023 towards the cost of the “Youth Potential” project, designed to build heritage capacity within the youth sector to better protect and value our heritage.

Royal London / Silver United

Funding for the delivery of a pilot of the Silver United Project which commenced in April 2022.

DCR Allen

The grant from DCR Allen was to set up a new unit in a disadvantaged area of the UK, ensuring that young people who would not otherwise have the opportunity to be part of such a group are given that opportunity.

NHS England

The grant from NHS England was to fund a health awareness badge for uniformed youth organisations.

Unrestricted funds

As at 30 September 2023, Youth United Foundation had unrestricted funds of £174,458 – (2022 £146,603).

Youth United Foundation 24

Notes to the financial statements Year ended 30 September 2023

9. Analysis of net assets between funds - Group

Analysis of net assets between funds - Group
Unrestricted
funds
£
Restricted
funds
£		 Total
2023
£
Fund balances at 30 September 2023 are represented
by:
Current assets
Creditors: amounts falling due within one year		 203,903
(29,445)		 7,149
—		 211,052
(29,445)
174,458 7,149 181,607
Unrestricted
funds
£		 Restricted
funds
£		 Total
2022
£
Fund balances at 30 September 2022 are represented
by:
Current assets
Creditors: amounts falling due within one year		 167,802
(21,199)		 34,437
(26,764)		 202,239
(47,963)
146,603 7,673 154,276

10. Related party transactions

The Foundation entered into following transactions in the year ended 30 September 2023:

12 Controlling party

The Trustees are members of the charitable company together with representatives from Network organisations. There is no overall controlling party.

13 Members’ liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member or within one year after he/she ceases to be a member, an amount not exceeding £1.

Youth United Foundation 25