Company Number: 07875930 Charity Number.. 1148221 Streatham Youth and Community Trust Trustees Report and Financial Statements Year ended 30 September 2022 OGc￿f￿ert COMMIT1£ CONTENTS Pages Trustees report 3-10 Referen￿ and Administrative Information Our vision Our purpose and values Key achievements 2020 - 2021 Our future plans Fundraising arKI other matters Finan￿ and administration 10 Independent Examiners Report 11 Financial Statements 11-12 Statement of Financial Activities Statement of Financial Activrties Comparatives for 2020 Balan￿ sheet 11 12 Statement of cash flows 12 Notes to the Financial Statements 13-18 1 Accounting Policies 2 Schedules to the Statement of Financial ActÈvities 2.1 Grants - restricted funds 2.2 Grants - unrestricted funds 2.3 Direct charitable expenditure 3 Tangible Fixed Assets 4 Trustee and employee emoluments 5 Transactions with Trustees 13-14 15-16 15 15 16 16 17 17 6 Trustees Liability Insuran 7 Fund rnovements 17 17 8 Analysis of net assets between fvnds 18 orjconfident Referen￿ and administrative infonnation Charity Name: Streatham Youth and Communty Trust (SYCT) Company Number". 07875930 Charity number: SYCT is constituted as a company limited by guarantee and Commission of England. sycfs goveming documents are its Association. 1148221 istered as a chari emorandum arKI with the Charity rticles of The trustees of the charity are also the directors and members of the company with their individual commitment in the event of a wtnding up limited to £1.00. SYCT current employees (1 has 8 DirectOrs￿rUstees. 6 full-time emploY￿s, 2 apprentices and 18 part time .5fte). SYCT is an accredrted London Living Wage Employer. Registered Office: 16-16a Wellfield Road, Streatham. London, SW16 2BP Contact detsils: 020 31464179 contactus ct.or .uk www.s ct.or .uk TrusteeslDirectors: A Walmsley (Chair). M Bevan. G Le Pard. C Jarrett. C Wilgoss. N Owen. W Stone. M Nelson. S ￿￿hite-Rennie (appointed 6 March 2023) Vacancies on the trustees, board are advertised on our ovm vRbsite and social media platForms as well as on our notice boards In our buildings. Applications can only be made following our safer recrurtment practices. SYCTS trustees provide strategic leadershi charity and employ staff to carry out its charitable ensuring that the charity's income is expended to urposes. The determine the policies of the rustees are responsible for rther the objectives of the chari have carried out some targeted advertising to improve the dtversty of the Board inc This year we uding working in partnership with Inclusive Boards. 11¥0 of our Board are from the LGBTQl+ community and 22 % are from the Black community. Chief Executive Officer: A Farrar The Trustees appoint a chief executive offi￿r (CEO) who manages the operation of the charity and reports to the Trustees at the regular Trustee meetings. Prlncipal O￿lcers. M Wood (Principal Youth Worker). T Hibbert (Earl Years & Playwork Manager) A MacArthur ( undraiser). Independent Examiner" M L Martin FCA, LIO d & Co. Chartered Accountsnts, 1031105 Brighton Roal,.Coulsdon. Surrey, CR5 2NG HSBC plc, 103 Streatham Hill, London. SW2 4UE Bankers: lat rimnfKlert Our vision is that all children and young people reach their full potential. rai￿¥) In 2022 we revisited our values and considered how we role-model them in our professional and personal lives. We are totally committed to living by our values. 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 integrrty 3. Our ServI￿S are inclusive, safe and supportive 4. We will treat everyone with dignity and respect Our Outcomes We also considered the outcomes we are hoping to achieve through our work. In 2023 we would like to see young people setting their own personal outcomes, rather than us measuring them against predetermined outcomes. However, we remain committed to: Reducing social isolation Increasing a sense of belonging Increasing confidence Growing self esteem Improving resilience Improving health and wellbeing Developing new skills Giving a voice and influence Keeping children safe from harm iyriidlsab orscl￿f￿nt ¢OMMITfED Art is important to young people. It is a way young people communicate and express themselves. At SYCT we make opportunities in the arts available to young people. DEBcoF)fk*rt CQMMrnEP Ke achievements 2021- 2022 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Launch of COLOURS, a youth club for teens from the LGBTQI+ community and partnership with Streatham Space. A new funder relationship with Walcot Foundation. working together to support young adults with complex barriers to the labour market. to build confiden￿, access training, develop transferable skills and secure employment. A new contract to manage Streatham Vale Park and employ an apprentice horticulturalist. Anew partnership with The Bodart Practice giving staff at SYCT access to therapeutic services to support their mental health and well-being 1)11 weeks of school holiday provision for over 100 children every day 2) 4800 lunches provided to local children during school holidays 3) 61 young adults supported into employment 4) 800 children and young people have accessed our servi￿$ 5) 180 youth club sessions delivered 6) 200 stay & play sessions delivered for under 5's 7) 120 adventure playground sessions delivered for over 5's 8) 30 children attended a UK residential and 6 young leaders attended an international residential BrIcorf￿èftt cOM￿57TE￿ A small charity with big ambition! Our future plans What Develo ment of tennis courts in Streatham Vale Park Development of Wellfield Road to create improved and additional communi Development of Conyers Road When 2023 2024 How artnershi WFth LTA £135.000 funding secured however further funds re uired Seeking new development artner Via funding secured from The National Lotte TBC Subject to funding secured by the National Lotte Fund Through working with Inclusive Boards 2024 A Streatham Youth vol￿ launch 2023 Improvements to partnership infrastructure 2023 Improve diversity on the Board 2023 oriconfident Fundraisin and other matters We are hugely grateful for the financial support provided from our donors, Lambeth commissioners, trusts and funds. Special thanks to those who remember us in their will. We received three legacies for over £20,000. We rely on the support of indtviduals and funders to enable us to do our work. Although we strive to generate more of our own income through social enterprise and using our assets. we simply couldny achieve what we do with you. The charty employs a full-time fundraiser who adopts a diverse fundraising strategy comprising: 1. Commissioned income for the delivery of servi 2. Small and large grants for short, medium and long term projects 3. Developing opportuntties for earned income from room hire. charity shop sales and nursery 4. Growing a strong and supportive donor base Public Benefit The Trustees have considered the Charty Commission's guidance on public benefft and are satisfied that the objectives and activities of SYCT confotm to this guidan￿ in its provision of services to all members of the community. Risk Mana ement The Trustees regularly review the char for Youth Projects, approved by London 's exposure to risk. The charity has adopted 'Assured Quality outh and holds a Gold Quality Mark. SYCT is a London Living Wage employer and member of Peninsula professional HR services. Youth Voice Co- roduction and artnershi We are totally committed to involving young people in declsion making at SYCT and only develop new projects with their guidance. We listen to their ideas and try to respond by creating projects that meet their needs and aspirations. We love to work in partnership with other organisations. bringing together skills, knowledge, and resources. 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 important assets are our people. We are committed to the continuous development of our Workfor￿ and provide trainin Youth Worker (Sports) completed her de ree in and development opportunities. Sophie Manzi, training in early years. first aid, safeguar outh Work and other colleagues have completed ing, prevent and youth woth. We employ two apprentices and are committed to providing employment and training opportunlties for young people. ra￿ Finance and administration Income for the year was £810.790 of which £364.177 was restricted and £446.613 un￿strIcted. Income was comprised as follows: GRANTS DONATIONS ROOM HIRE CHARITY SHOP NURSERY ASTROPITCH BEQUESTS 46Yo 130 5% 210 50 4% Expenditure for the year was £828.604. Expenditure was comprised as follows: SALARIES 64% BUILDINGSIFACILITIES 16°/0 ADMINISTRATION PROJECT ACTIVITIES DEPRECIATION 10¥0 2% We Continue lo work hard to operate cost effectively whilst maintaining quality frontline services. Balance Sheet he balance s eet refiects a decrease in net assets equivalent to the re Net assets at 30 September 2022 amounted to £1,321,500 of which £8 orted deficit of £17 814. 3,725 is represented by the value of fixed assets, nearty all of.which is operational land and buildings. Reserves Polic po Icy Is to aim to hold free reserves equal to 6 months, forward expenditure. This implies free reserves In the order of £414,302, against which the measure of free reserves at 30 September 2022 was £457,775 (Being accumulated funds less tangible fixed assets ft)r charitable use). Financial Mana ement Strate strives to maintain a goo mix of income streams including grants. donations and earned income. The development plans of propety wll realise new income streams in the future. Annual General Meetin nnua enera eeting at which this report and financial statements will be presented is proposed to take place In May 2023. Inde ndent Examiner opt to audit exempt. ave an Independent examination of its Accounts as the organisation qualifies as SYCT appointed Mr M L Martin FCA of Lloyd & Co Chartered Accountants, as independent examiner. Approved by the Twstees on 22 March 2023 and signed on their behalf by: A Walmsley Chair of the Board of Trustees io r•J Coll￿[[￿) STREATIIAII YOUIX AND COIIMiAirrY TRusr Indep•ndwrt Ex•thorf8 Reportto th fN8tws I rewt lo the chadly Tiuslges on my ex8n*)akn ofthe of Strothm Youth aFKI CommntyTrwt (SYCT) for the Yw Septerth 2021 whtth we ¥¢t ty￿￿p￿S 13 to T2. Rèspon*lbHIt1￿ and b4818 of report As SYCT'8 TnJsteg9 lond alw It8 dtrectoTr for rAffrx)sa of cwfjrAfty y¢)u ara resp)nslbF9 for tho pr•par8tion of 11)e Acrthjnts In acwdancts Ythh th* TrqUweXne￿ of the CornrAnEes Act 2CK)6 Clhe 2006 Ac Havbw sallslled my8eff th81 AC￿￿nI% ol sycr are r•)t ieOrthJ lo bo Pgrt 16 of lh• 2(i Aof and are ellglble fty lfvndent oxamknaUoTh I raport of my examlrwiion of your ch&•lly Acc¢wnts as corykd tyjt under seclh)n 145 of Ihg Charflth 2011 fth8 2011 Acl?. In wrylng c￿1 my examln8llon I haye tdknbpd Iho by fv ¢￿ty CommLg8tm uNler sethn 145(5) {b) ol thè 2011 Ael, Ifthpw¢d•nt Examln¢Vs statemont Since sycfs woss exc*eded £2￿¢.000 your Exgm*w ffKtsI be a of a body listed In $¢¢lbn 145 cf Ihe 2011 ACL I cot)ftrm tst 18m waflleAI examhatlon becau80 l am membw of ihe Institule ol (Jwtèred Ac¢C￿nts a￿1 Wales (ICAEITrJ ¥*1sk* ts one of th& tl818d bodi88. I have completed my ex8nln*hJn. I coth no motters h8VO to ffiy ait¥*ion in rx)TWtethn the examlnalkjn m8 causo to b81evo thaL" 1. accounttr￿ rec￿[￿ were not kept kn respeL*ofsYGf as by s&ctlon 386 ofthe 20Q6Aoi' or 2. the Accaunls do not *oJrd wlfh teeords. or 3. the AwJnt8 do rKJl com￿Y ￿1￿ the of sethn 398 of 2000 kt otlffjr Ihan any requkement the Auyjunts gfve a knje aThJ f* vJw•t Ig not a m8tt& ￿￿k1P1ad as part ofan kndependenl ÈxatntFHVor4 or 4. Ihe Acrpjjnts have nol i*en prepared in a¢(y)rd￿ vnlh thB rnethod8 8nd prFnclF4os of Ihe Stslement of R￿ornMe￿￿￿ Ppackn for A￿￿0￿ snd Repwbng by Charlles lapptkabl¢ lo Charities prepyartng Ihw A￿￿nIG aox*rkn wRh the Flnanda Reporbno Standard appIl￿ble In th9 UK and Republlc of treJ¥nd (FRS 11Y2)I I have no Coneems have ct¥M afXOSS no other rnailw¥ in Comecllon w51h ￿ ex8nkn8111)n to wh¥¢h 4ltontltsn ghould ￿ drAwn In thits rwrt In 10227 11654) 1&8861 {19 17,Y12 471231 870.849 447 471231 16 1 A¢eountFng pthlès {a) BaBl¥ of pr•parailon sycr is a publt t￿er4 vAlhln FRSI01 Thg 818tom8rts Iwe b8en rrywed In lo 8 'tr￿ fgtr VW 8nd h departed frrm chari1￿ (Ae4Y)tmtS 8r#J Reprrftsj RegUlaik￿ 2008 orty lo Ihe oxtgnt requlred to provK1e a and fair vtelrf. Thls dep*ture Iw8 Inv(knd apptyM¥ Slgt8rnent of Re¢orNn8nd¢d In L*Y. follows: (bj Incomè been r8cetved or are otherwise al year end. Vduntary trwme ts received by way ol gr8tts. onaliorts. fund rBEsing a¢tivilx and Donated Servws and facd11188 8re incthjded at a ￿$1 esllmatsol lh*val￿. (cl Evndrt4￿8 ExpendlbJTg Is knduded In lh8 $18lemnt of A£a￿leS based Ihe dale tt L8 In¢urrèd. Funl ralslng 8c11vlt￿S comprL£e the costs assodaied th aitracln)g Volun1￿ Incorr* Inthdlng the Cxxts of full￿ng fur￿lE0￿ and events. O￿t charit8bte expendrtwe comprbe8 tkne costs Intyjrred Ihe delN8ry of 8Ctiwtles arKI servi￿. EterI￿nts of o)si whlch aro the subSgct of reslrktgd fiJTrJing Id) Fund acGountÉng 111 Endowment fvnd8 8rknwhère inciming TrSQErn twye * Spedfied purpo89 and *e In the naturè of capital sums trom which only lh8 atslng can be sp8nt {ac(ordty to th¥ wrpo808 sp￿1￿¥d by the donors. rf any. or ofvTh*xge al th Trustees, discA8tionl. allt¢alod 8galn5t lrnx follow￿¥j Its u#Ttsalw to expend1￿@ r*algS to th8 of dro¢1 d*rit*)l¥ lurrestrfd￿j {￿> Uftrestrtded I￿￿1$ ertse V•twe thera b rpspthd wuj be at the Tru8lea8' dlstyetlon. 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