Streatham Youth and Community Trust Trustees Report and Financial Statement Year ended 30 September 2021 CONTENTS Pages Trustees report Referen￿ and Administrative Information Our purpose and values Key achievements 2020~ 2021 Our future plans Fundraising and other matters Finance and administration Independent Examiners Report Financial Statements 9-12 Statement of Financial Activities Statement of Financial Activib'es Comparatives for 2020 Balance sheet Statement of cash fiows 10 12 Notes to the Financial Statements 13-18 1 Accounting Policies 2 Schedules to the Statement of Financial Activities 2. 1 Grants- restricted funds 2.2 Granls- unrestricted funds 2.3 Direct charitable expenses 3 Tangible Fixed Assets 4 Trustee and employee emoluments 5 Transactions with Trustees 6 Trustees Liability Insuranc8 7 Fund movements 8 Analysis of net assets between funds 13-14 15-16 15 15 16 16 17 17 17 17 18 *x Referen￿ and administrative information Charlty Name: Company Number: Charlty number". SYCT is constf(uted as a com istered as a cha Commission of England. SYC ny limited by guarantee and r 's goveming documents a￿ its emorandum and wlth the Charity rticles of Association. The Iruslees of the charty are also the directors and membérs of the wmpany wth their individual commrtment In Ihe event of a winding up limited to £1.00. SYCT currently has 7 DirectOrs￿ruStees, 7 full-time employees, 2 apprentiC8s and 14 part time employees 115.5ftel SYCT Is an accredited London Lmng Wage Employer. Streatham Youth and Communty Trust (SYCTI 07875930 1148221 Registered Office: 16-16a Wellfield Road. Streatham. London. SW16 2BP Contact detallJ'. 020 31464179 contactus ct.or .uk www.s ct.or Trustee8lDlrectors: A Walmsle C Jarrett. (Chairl. M Bevan. G Le Pard. D Blake (resigned 1 January 20211 Wilgoss. N Owen. W Stone. L Deonarain (resigned 1 January 20221 Vacancies on the Irusle8s' board are advertiséd on our own websrte and social media platforms as well as on our notice boards In our buildings. Applications can only be made following our safer recruilmenl practices. sycr's trustees provide strategic leadèrship, determine the policies of the charty and employ staff lo car its charitable purposes. The Trustees are responsible for ensuring that the incomin out lo further the ob diversity of the eclives of the charity. This iesources are expen ed oard. Al present we are sli ear we have carried out some largele advertisin to improve the community and younger people I seeking lo improve represenlalion on the Board P rom the BAME Chief Executlve Officer. A Farrar The Trusteès ap the Trustees al I oint a chief executive officer ICEOI who manages Ihe operation of the charity and reports lo e regular Trustee meetings. Princlpal Offlcers: M Wood (Principal Youth Worker). T Hibbert (Earl Years & Playwork Manager) A MacArthuf { undraiserl. Independent Examlnor: M L Martin FCA, Lloyd & Co. Chartered Accounlanls, 1031105 Brighlon Road, Coulsdon, Suvrey. CR5 2NG HSBC plc. 103 Streatham Hill, London, SW2 4UE Bankers: Th*.ry cownED OUR purpose is to deliver service that have the following impact on children and young people: Reduce social isolation Increase a sense of belonging Increase confidence Grow self esteem Improve resilience Improve health and wellbeing Develop new skills Give a voice and influence Keep children safe from harm fvl Our Values: 1 . We will work cooperatively with young people, parents, partners and funders to develop and deliver services 2. We will work with honesty and integrity 3. Our services are inclusive, safe and supportive 4. We will treat everyone with dignity and respect UR vision is that all children and young people reach their full potential Ggyj Iptry EoMHinED achievements 2020 - 2021 We supported 732 children and young people We provided 4400 lunches We provided 55 days of school holidays activities from 3 locations for up to 100 children per day We launched a Youth Hub where 16-30 year olds can get help with training or employment We built and opened three floodlit Astro pitches We launched a new stay & play service in Lark Hall Parf( We built two playground structures in Streatham Vale Park We employed a full time Youth Worker to lead on sports We launched the Streatham Health Ambassadors Project Created a head of Equality Diversity & Inclusion role at SYCT A small charity with big ambition! Our future plans We will realise the full potential of our assets through redevelopment We have reconsidered our plans for the development of our assets, which would involve adding residential units above our youth club on Conyers Road and sacrificing 50% of our community building at Wellfield Road. We have renegotiated wtth the developer and taken the Wellfield Road redevelopment plans off the table for now. We have negotiated a new affangement which will see the construction of a brand-new youth club and the acquisition of a 1 bedroomed flat. We are hopeful that planning will be secured by the end of 2022. We will extend and improve our play services We will improve our playground and extend our play services in Streatham Vale Park We will meet the needs of the young Igbtqi+ community Wé will launch a youth servica targetgd at 13 - 19-yaar-old8 from tho 1gbtqi+ Community We will improve diversity on our Board We are reviewing the diversity of our Board and will be embarking on a targeted recruitment campaign to ensure our board reflects the community VR serve as well as bringing all the skills we need lo the table. We will expand our nursery We plan to expand the nursery by building an extension to the building and increasing numbers. We currently have a waiting list. We plan to launch a second nursery from our building in Lark Hall Park. We will always strive to be better through creating safe SPa￿S for learning, growth and innovation Through authentic leadership and open and honest communication we share and learn from success and failures. We will create a talent map so we can harness all the skills available to us and Commit to conlinued professional development through creating opportunities to learn Fundraisin and other matters Fundraisin From everyone at SYCT, a huge THANK YOU, to everyone who has supported us over the last 12 months. Particular thanks are extended to grant making bodies as listed in Note 2 to the Accounts. Thank you for trusting us to deliver the seprfices needed most by local children. We contlnue to explore the potential for new income streams consistent wlth SYCTS priorities includin9 expanding existing activities where we are able, as well as explonng new opportunities. The charity employs a full-time fundraiser who adopts a diverse fvjndraising strategy comprising.. 1. Commissioned income for the delivery of services 2. Small and large grants for short, medium and long term projects 3. Developing opportunities for eamed income from room hire, chanty shop sales and nursery 4. Growing a strong and supportive donor base Publlc Beneflt The Trustees have considered the Charity Commission's guidan￿ on public benefit and are satisfied that the ob'ectives and activities of SYCT conform lo this guidance in its provision of seNices to all mem ers of the community. Ri8k Mana amen The Trustees regularly review the ¢harity's exposure to risk. The charity has adopted 'Assured Quality for Youth Projects. approved by London Youth and holds a Gold Quality Mark. SYCT is a London Living Wage employer and member of Peninsula professional HR services. roductlon and artnershi We are totally committed to involving new projects with their guidance. We that meet their needs and aspirations. We love to work in partnership with other organisalions. bringing togethèr skills, knovAedgÈ. and reSoUr￿s. We are active members of the Early Help partnership, designed to provide early Interventions and support to families with complex needs. Continuous develo ment and trainin We believe our most im ortant assets are our people. We are committed to the continuous development of our woEfor￿ and provide trainin Youth Worker (Sports) completed her degree in and development opportunities. Sophie Manzi. outh Work and other colleagues have completed training In early years, first aid. safeguarding, prevent and youth work. We employ apprentices and are committed to providing employment and training opportunities for young people. oung people in decision making at SYCT and only develop isten to their ideas and try lo respond by creating projects OM4ThIE Finance Incoming resources for the year were £716,208 of which £158,484 was restricted and £557.723 was unrestricted. Our incoming resources were received from the following sOur￿S.. GRANTS 40% DONATIONS ROOM HIRE CHARITY SHOP NURSERY ASTROPITCH BEQUESTS FURLOUGH INCOME 17% 16% Charity costs for the year were £616732. We continue to work hard to operate cost effectively whilst maintaining quality fronuine seNices. SALARIES BUILDINGSFACILITIES ADMINISTRATION PROJECT ACTIVITIES DEPRECIATION PROFESSIONAL FEES 64Yo 19% 5.5Vo 0.5% 5% Balance Sheet ance s th eet reflects an increase in net assets equivalent to the reported surplus. Net assets at 30 September 2021 amounted to £1.339,314 of which £865,831 is repr8S8nted by the value of fixed assets, nearly all of which is operational land and buildings. Reserves Poli¢ policy is to aim to hold free reserves equal to 6 months, fonvard expenditure. This implS8s free reseNes in the order of £308,366 against which the Measure of free r8serves at 30 September 2021 was £473,483 (being accumulated funds less tangible fixed assets for charitsble use). Flnanclal Man8 ement Strate strives to maintain a goo mix of income streams including grants. donations and earn8d Income. The growth plans for the nursery and development plans of propety will realise new income streams in the future. Annual General Meetin nnua eneral eeting at which this report and financial statements will be presented is proposed to take place in September 2022 Inde endent Examiner T opted to have an Independent examination of its Accounts as the organisation qualifies as audil exempt. SYCT appointed Mr M L Martin FCA of Lloyd & Co Chartered Accountants, as independent examiner. Approv ytheTr s on 27 June 2022 and stgned on their behalf by: A'walmsley Chair of the Board of Trustees confide.nt STREATHAM YoufH AND COMMUNITY TRUST Independent Examinerfg Report to the Tn￿te88 Yejr ended 30 September 2021 l ￿port to the charity Tnjstees on my examinatlon of the Attounts of Streatham Youth and Corrfmunity Trust {SYCTI for the Yeai ended 30 September 2021. which are sel out on pages 9 10 18. Responsibllftios and basls of rnport As SYCT'S Trust￿ (and also its Dlre¢tor5 for the purpose of ¢ompany law) you ar8 responsible for the preparation of the Accounts in accordance wrth the wuirem6nts of the Companies A¢t 2006 I'the 2006 A¢VI. Havlng satisfied myself that the A£counts of SYCT are not required to be audited uniler Part 16 of the 2006 Act and are el￿1b18 for indgp•ndent examination, I rerort ift respect of my examinatton of your charity's Accounts as carried out under section 145 of the Charitles Ad 2011 ('the 2011 AcV}. In carrying out my examination I have followed the Direct￿n$ gI￿n by trbe Charity Commlssion under sectlon 145151 {bl of the 2011 Act. Independtrnt Examlnerf¥ ¥tatem•nt Since SYCT'S gross income exceeded £250,DIJ) your Examiner musl be a membar of a body li51ed in section 145 of the 2011 Act. I fA)nfjryn Ihat l am qualif￿d to undertake the examination because l am memter of the Institute of Chartered Accountants in England and Wales IICAEWI which is one ol the listed bodles. I have completed my examination. I confirm that no mattefs have come to my attentlon In connectlon with the examination giving me cause lo t*lieve'. aecounling records We￿ not kept in respe¢l ol SYCT as requlred by SOCtb￿ 386 of the 2006 Act., or 2. the Accounts do not accord with those records.. or 3. the Accounts do not comply with the accounting requ1reff￿nts of section 396 of the 2006 Aci Other than any ￿qUIr•Ment that the Ae¢ounls gNe 8 'true and fair vi8* which L8 not a nwtter consldered as part of an independent examination., or 4. the Accounts have not been p￿pared in xcor(lance with the rrolPh>Js and prin¢lples of the Slalement of Recornmended Practice for Accountsng and Reporting by Charities lapplicable lo Charities preparing their Accounts in accordance with tho Financial Reporting Stsndard applicable in the UK and R8publlc of Ireland IFRS 102)1. I h4v• no cone•rn6 and hav• ¢¢0* wro88 no ath•r m8ttero in oonn¢¢ti•n wrth the ¢xv4min•tion to whiGh attention sh¢)uld be drawn in this report in cfder to onabla a proper understanding of the A￿OUnts to b& reached. 1031105 Brighton Ro& Coulsdon Surrey CRS 2NG M L Maitin FCA Partner of Lltyd & Co Chartered Account Date.. 27 June 2022 STREATHAM YO1￿H AND COMMUNITY TRUST Statemgnt of Fjnanclal Activliieg Year &nd¢d 30 Sept￿n￿r 2021 Toi•l Fwd¥ 2020 INCOME Grants D￿alk)n5 B#uests Furk)Lwh Inc Pr*mlse$ hke Chartty Nwmry A6110 pilth 2.Ir22 188,484 131.689 290,173 65.446 22,5L¥J 120,086 48.236 32.498 133,659 15.60$ 3WJ.976 66.367 12o.rA6 93207 64.557 32.375 f23.ts48 32.4 123.659 1S.fjfy5 71 ¢XPENtMTuRe Crsts ofg8nerntity fvnds Dlrothcharfy¥i4• 3.841 436.428 1841 812.891 178.483 S35.927 NET INCOMWILXPENDITURE) FOR THE YEAR 117,454 9b.476 145,875 ACCVMU￿TED FUNQS BAOUGHT FORWARD 13203 31.978 1.194.sr 1.2Jl.8 1.093,￿3 ACCVMULATED FUNDS CARRIED FOItWARD 13 1 3Jg 314 STREATHAM YOUTH AND COMIAUNITY TRUST Statement of Financial Activibes Year ended 30 September 2021 COMPARATIVE INFORMATION FOR THE YEAR ENDED 30 SEvfEM8ER 2020 Endvwm• Fund3 Totsl FuDds F¥ods IIICOME Grants i(a) 2.1122 251.5T8 3D3.978 86.387 66J67 Beoues Furfough Incjjne In¥83t￿￿tI￿Orn￿ hire Charity th)p Nursary 93.297 X1207 64.557 32.375 64)J7 31375 123.048 251.578 432.320 683.898 EXPENDITURE Co$ts ofgenerattng fvnds Direct Charitab￿ exrwrfiltsre Ilbl 2.0 535.927 218.￿A) 318.327 219.6CtI NET WCOMEIIEXPENQITUIqEI FOR THE YEAR 31S71 1￿.404 145,875 ACCUMULATED FUNDS BROUGHT FORWARD 13.203 1.080.780 1.093.963 AeCUryfULATED FUN05 CARRIED FORWAR 13.2C3 31.971 1 187 164 1.239.838 10 STRE4THAU YOUTH COMIIUNrrYTrusT 8al¥ee Sheet YPK vnded ao Stptsn*Er 2021 T¢4dth CoshMlb&ik 14 41317 3rn849 I￿02￿ 471231 f3IrJ ¢r•thws.' wltkiftar*)7ar 13 47J.43 371 ét EndcA*mÉntPunO 13J73 1U)3 Un¢¢5trfctthOknds 141 1.312.1",1 1.194.8P 13JJ3 For the ftrian*l yew Qnded 30 Sapterthr 2Wdl itE¢ Y￿r ended 30 September 2021 2.3 Orrect ch¥ilabl¢ eyp•nfliiure Restrlcted UnrEstrithd Tc*al 2021 2020 Solaries Nationd Insurance Pensi)n Centre AciNrl*s Charrty StKp Astro PV£c Water rates and heat premise￿equipffÉryt mwftten*)e* Insuran Printiry pust&Je and siobGf Copvérlprinter rental Website devdopment Tekphone Trav Actountarry & payo# Legal al￿ PrOfeSs￿D 8aik charges Hitman ResouTces Qxher 0gDrerAation 139.&56 242.&51 31.149 17.417 14.344 15.556 7.815 787 382.9)7 31.149 17.417 29,498 15,556 7,815 787 9,945 46.236 3,483 335,469 24, 16.13Q 32.175 15,152 3.024 13.280 31,108 4.403 3.S92 29,781 3.392 4.642 8.S(X) 8,293 5.387 9.398 13.600 1,246 4.927 33.674 3.748 le.￿5 13,674 3.748 18.9U5 3,3t)O 1,541 6,#8 6.941 Z.8CQ 1.200 1.541 6.238 6.441 3,T20 1,200 f76.463 436.427 612.89) 535.927 Tangible fixed ￿e¢S Freehold lan6 and buildlngs Furniture, fittin95 & equlwent Motor vehl¢le5 T*)tal Cost At 1st October 2020 Additsns tX5P05aL% At 30th Sept￿ber 2021 1.231. 49.210 44.136 1.324.449 1.231.094 49.210 44.136 1.324.440 Depre¢lation At 1$1 Cttoter 2Q2Q Charge for the yw DisryisaL8 At 30th ￿kn￿r2021 374.C(11 37.874 1800 44.136 455,811 374.CMX 458.611 Net book v*ue At 30th SÈptemLw 2W21 857.093 885.829 857.O¥J 11.537 868.630 16 STREATHAM YOUTH AND COMMUNrrY TRUST Notes to the Financlal Slatements l¢ontinuedl Year ended 30 September 2021 2021 202Q Siaff (￿ts. Vvages and ularie5 Natronal Ir6uran¢È Pensi¢n costs 382.507 353.213 31,149 26.632 17.417 17.C(K None Of￿ Trust8e8 recer491 any A￿Tr9e number of lfv# kne equfvi*ertl empbfte5 15 Pension costs.. SYCT contr*Lrtes under auto enr¢￿￿tt0 Ihe PenS￿n$ Trusl Perts￿n 18 national 5rfiBfP.e operated for ch8rrte¥l. Thè assets of the 5chemÈ are h81d sePara￿ty fr(Xn Ihose ot SYCT in oft u¥Jepetthr,ty •)min￿e￿ fund. The pensK)n costs ￿ferred ￿ in ￿$ note ry)resent crnknbvbon5 payab* to seherre in wr. Tra￿•¢￿)r* with Tntsttts None ofthe tptstee$ have tee• pa￿1 any r￿u￿r31￿Jft or re¢eNed arry thr benefits from an Employmentwith tlie chanty or ￿￿ted eri Trusts*s' Lizbilitylnlurnnce SYCT ho￿ts rfJ Tw5￿4r￿ernn1￿Uptr £1.QX.CW th treaoorw Fund ¥ovements 01Q¢t.20 EndowmentFund R8strfcted Fund5 Youth Cbjb Grafi15 lor Swrt¥ ftlu￿ PFayFr Surp.mvdF(x)¢ ard FLM 57.80) {57.6001 19.246 {19.2é61 5D.OW (36.0001 14.480 114.4801 16.658 116.6%1 15001 P1.970} 14.000 Iwkebrs tsrards 31.4178 158,484 {176.4621 14.000 1.1H.057 440 289 Totsl Fw .838 16.731 1339.314 17 STREATHAM YOUTH AND COMMUNITY TRUST Not88 to tho Financsal State￿￿ (eontlnugd) Yèar •nd8d 30 Septwnb•r 2021 End￿￿￿¢ TaEai Fufv Funds 831 865.831 2.922 471.231 160.6101 13.￿3 160.610 14ODD 13.203 1.339 314 18