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← The Mix Stowmarket Ltd

2024-03-31-accounts

Report of the Trustees and Group Financial Statements for the Year Ended 31 March 2024

for

The Mix Stowmarket Limited

The Mix Stowmarket Limited

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Chair's Introduction 2
CEO’s statement 3
Report of the Trustees 4 to 10
Statement of Trustees' Responsibilities 11
Report of the Independent Auditors 12 to 15
Consolidated Statement of Financial Activities 16
Consolidated Balance Sheet 17
Company Balance Sheet for The Mix Ltd as a Single Entity 18
Consolidated Cash Flow Statement 19
Notes to the Cash Flow Statement 20
Notes to the Financial Statements 21 to 30
Detailed Statement of Financial Activities 31 to 32

The Mix Stowmarket Limited

Chair's Introduction

for the Year Ended 31 March 2024

Throughout this year the commitment, professionalism and creativity of our staff and volunteers has demonstrated why this organisation continues to deliver high quality services for young people in Mid Suffolk and Babergh.

Staff have led service improvements informed by the views of young people from the 'Mixed Voice' consultation. This includes recognising and enabling young people's access to youth service support in schools, and in the community with new inclusive groups for neurodiverse young people and those at high risk of social isolation. Much of this support would not be possible without the contribution of local partners and businesses, something which has also increased during this year.

Our operating conditions continue to be challenging, however this year we have, through facilities management and finance, focussed on buildings. We have secured best value as much as possible and ensured that the charity has a detailed oversight of premises running costs.

Given the circumstances it's particularly pleasing to see our unrestricted reserve position increase and our restricted reserves decrease, both financial flows moving in the right direction in terms of the charity's long-term sustainability. We began this financial year with the continuation of the celebrations for the ten-year anniversary of The Mix charity. One of the highlights, the Festiball, was a joyous occasion illustrating again the huge effort that our staff and volunteers make to ensure that everyone receives the best that we can offer.

We move forward into 2024-25 with the ambition to review our strategic intentions, collaboratively with staff, volunteers, young people, trustees, and partners. So that we will begin the next decade with a renewed understanding about the positive impact the charity can make in the lives of young people and their families and / or carers.

Marisa Batson Chair of Trustees

Page 2

The Mix Stowmarket Limited

CEO’s statement

for the Year Ended 31 March 2024

There is an exceptional team of passionate people in The Mix who continued to deliver high quality youth work and activities to around 3,500 young people between the ages of 8 and 25. Whilst the majority of our young people live in Mid-Suffolk, we reach young people across the county and we have an ongoing presence and young work activities taking place in Stowmarket, Needham Market. Thurston, Stowupland, Claydon and Holbrook. Our ongoing programmes includes:

All our major programmes have continued to help young people with their wellbeing and personal development and several new programmes have come onstream and strengthened the range of services we provide, to reach more young people and a greater diversity of young people.

The charity saw organisational changes at a senior level designed to deliver improvements to the efficiency and quality of the charity's leadership and management. Several new members joined the youth work team in key roles helping develop the adaptability and resilience underpinning future strategic developments.

Whilst there have been additional pressures relating to the cost of living for both the charity and our colleagues, sound financial management and energetic fundraising continue to play a key role in the stability and long-term sustainability of the charity that is so important for the continuation of youth work services.

We retain an excellent reputation for caring and high-quality support with young people themselves, our stakeholders, partners and the local community.

2023-24 has been a year of change that is laying the foundations for an even stronger future.

Malcolm Goodwin

Chief Executive Officer

Page 3

The Mix Stowmarket Limited

Report of the Trustees

for the Year Ended 31 March 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity exists to advance in life and help primarily young people between the ages of eleven and twenty-four who live in the town of Stowmarket, the surrounding towns and villages and the county of Suffolk through:

Public benefit

The trustees have regard for the Charity Commission's guidance on public benefit. During the year we have delivered public benefit and fulfilled these objectives through, open access youth work, group work, detached youth work, coaching, schools work, one-to-one work and by making our building available to others to support young people and the wider community.

Achievements and performance

We provide a diverse range of engaging activities for young people from 8 to 25 years although the majority of those engaging with us are between 12 and 17 years of age.

The Mix activities (including projects like Open Access, detached youth work and inclusion work) had the largest number of attendees during the year. The majority of young people were aged between 10-14:

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----- Start of picture text -----
The Mix activities
25
23
21
19
17
15
13
11
9
0 20 40 60 80 100 120
Attendees
Age group
----- End of picture text -----

Page 4

The majority of young people attending Thrive were between 14-15:

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----- Start of picture text -----
Thrive
16
15
14
13
12
11
10
9
8
0 2 4 6 8 10 12 14 16 18
Atendees
Age group
----- End of picture text -----

The key age groups attending the Together project were between 15-17:

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----- Start of picture text -----
Together
25
23
21
19
17
15
13
0 5 10 15 20 25 30
Attendees
Age group
----- End of picture text -----

The majority of young people engaing with our Schools youth work team were between 12-14:

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----- Start of picture text -----
Schools youth work
16
15
14
13
12
11
10
0 2 4 6 8 10 12 14 16 18
Attendees
Age group
----- End of picture text -----

Page 4

The key age groups attending the Empower project are 9-10.

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----- Start of picture text -----
Empower
12
11
10
9
8
0 2 4 6 8 10 12 14 16 18
Attendees
Age group
----- End of picture text -----

Our programmes and activities span the whole year to maximise the accessibility for young people. Young people have engaged in multiple activities across The Mix and the average attendance across the year was 1162. The month with the biggest attendance was June (2016 attendances):

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----- Start of picture text -----
Total number of attendances
2500
2000
1500
1000
500
0
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Month
We delivered over 2,200 sessions to young people over the financial year, with November 2023 seeing the largest number of
sessions delivered (277 sessions):
Sessions delivered
300
250
200
150
100
50
0
Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Month
No. of attendances
No. of sessions delivered
----- End of picture text -----

We delivered over 2,200 sessions to young people over the financial year, with November 2023 seeing the largest number of sessions delivered (277 sessions):

Page 5

Volunteers

Our volunteers make an invaluable contribution to our work. They support our specialist youth workers to deliver projects and activities and often provide a different outlook for the young people. Volunteers also support the Front of House and Facilities team and in the Cabbages and Kings café.

Over the year, volunteers gave an incredible 3,354 hours of their time to support The Mix. The graph below shows the cumulative volunteer hours across all of The Mix but the busiest month for youth work volunteers was June 2023 (238 hours) and the busiest month for café volunteers was March 2024 (206 hours). Front of House/Facilities volunteer hours stayed constant over the year and averaged at around 19-hours per month:

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----- Start of picture text -----
Volunteer contact hours
400
350
300
250
200
150
100
50
0
Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24
Month
No. of contact hours
----- End of picture text -----

ACHIEVEMENT AND PERFORMANCE Charitable activities

Together Project

The Together Project supported young people aged 15 - 24 looking to take their next step into employment, education or training. We supported young people through one-to-one sessions and group workshops, some delivered in local secondary schools. We helped young people move from NEET (Not in Education, Employment or Training) back into school, or work, other training, change jobs or get a second job.

Thrive

Our alternative education provision supported students from local mainstream secondary schools for a full day each week for the school year. Responding to the needs of the young people we provided a mixture of one-to-one mentoring and coaching, vocational and work-based skills development and small group academic tuition. We worked alongside many local partners to offer a variety of vocational learning opportunities, including Meadlands Men's Shed, Scorpion Martial Arts, Tostock Farm and Suffolk Wildlife Trust.

Empower

Empower provided weekly mentoring for year 6 pupils from 13 local primary schools. Delivered by our dedicated and trained team of volunteers, mentoring sessions focussed on supporting pupils with emotional wellbeing, social skills, resilience, and secondary school transitions. Pupils are supported and mentored for a full academic year.

Open Access / Detached

Open Access "drop-in" sessions provided young people across Stowmarket and Needham Market with free access to enriching after school and holiday activities. Our detached youth work activities provided support to young people in their communities and help to reduce barriers young people might face when attempting to access our support and services. Both activity areas provide early intervention and preventative support to young people and help to combat social exclusion.

Small group work

We delivered several small group activities to young people with specific needs and areas of concern. Drama helped young people to grow confidence and they co-created a theatrical production from start to finish, which included a

Page 5

The Mix Stowmarket Limited

Report of the Trustees for the Year Ended 31 March 2024

performance delivered to family and friends. Diadem helped to improve confidence, mental health, relationships, body image and all the other tricky bits of being a teen

Inclusive youth work

Our specialist Inclusion / SEN (Special Educational Needs) Youth Worker ensured our youth work was inclusive and that it underpinned all delivery. This was achieved through regularly training colleagues and working closely with our youth work team to plan and deliver accessible and inclusive activities. Our SEN Youth Worker also provided one-to-one mentoring and a variety of small group activities to promote social engagement for young people with additional and/or higher level needs.

Crucial Crew

Crucial Crew is an annual event for around 1000 Year 6 pupils across mid-Suffolk. The event aimed to improve young people's awareness around health and safety through the delivery of various workshops and activities which were delivered by both The Mix youth workers and external providers.

Schools' youth work

This programme provided one-to-one coaching sessions and group work to young people in five secondary schools across the mid-Suffolk locality. Young people benefited from access to safe, quiet, and reflective spaces and an emotionally available adult to support them. Our youth workers helped young people re-enter the classroom or school setting and a successful return to learning to avoid the risk of social and/or educational exclusion.

Coaching and Training

As well as providing coaching and mentoring to young people across all our youth work activities, we also provided support to internal and external colleagues. This included providing internal training, endorsed by Suffolk County Council's Safeguarding Partnership, as well working with partners to facilitate Youth Work Level 2 and 3 and professional coaching training. We also responded to needs within The Mix by writing and delivering training around one-to-one skills and de-escalation. We offered much of our training to local partners including our annual Emotional Fitness Professional Development Day for pastoral and support staff at our local secondary schools

Page 6

The Mix Stowmarket Limited

Report of the Trustees for the Year Ended 31 March 2024

FINANCIAL REVIEW

Financial position

The Mix reported an operating deficit for the year of £56,380 (2023: deficit £42,974).

The Mix generated a turnover of £1,400K (2023: £1,260k) and of this the trading subsidiary's turnover was £629k (2023 £580k).

Funding sources

Material grants providing funding over multiple years have been received from the Henry Smith Foundation for our core funding, whilst restricted funding support has been received from the Ropes Trust in support of our Open Access programme; the Lawrence Attwell's charity and the National Lottery Community fund (RC London and South East region) for supporting our employability programme known as Together project; the Eastern Counties Educational Trust supporting the funding of a full time SEN worker; Suffolk Community foundation for our Violence against Women and Girls programme and Babergh and Mid Suffolk district Council's Youth Social Prescribing grant for our continuation of youth work in schools.

Continued support from local businesses such as PPG and Kuda UK Ltd. further funded our youth work delivery, as did donations from Stowmarket Town Council, the Charity Gaming Guild, Asda and John Lewis. Donations and attendance from local businesses to our fundraiser Festiball furthered the vital financial support required to run our youth work delivery in the year.

Reserves policy

The reserves policy was updated on 13 January 2023 whereupon Trustees have considered the size of the Charity and the resources at its disposal. At present, it is neither possible or desirable to hold large reserves and Trustees have remained realistic about the assessment of need. Based on this, Trustees require a minimum reserves equivalent to 2 months operating expenses.

Taking expected cost of living increases into account, the minimum reserve is set at £105k.

Total reserves of the company at 31 March 2024 amounted to £137,289 (2023 £193,669), a (decrease) of £(65,380). Unrestricted reserves freely available to spend amount to £86,298 (2023: £51,316).

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for the financial year from the authorising of these financial statements.

The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 7

The Mix Stowmarket Limited

Report of the Trustees for the Year Ended 31 March 2024

FUTURE PLANS

The issues and challenges facing young people remain really significant. Up to 20% of young people experience a mental health problem, and a third of the those between 16-24 have depression or anxiety. Young women in particular have concerns about their safety and wellbeing.

We know that around 1 in 5 young people feel excluded at some point in their lives, and two thirds of young people feel some form of discrimination.

The economic climate, national outlook and global context all contribute to a relatively negative landscape into which young people at progressing or emerging. Many young people are in the lowest quartile financially causing concern for their future, a sense of hopelessness or lowered aspirations.

Locally, there are challenges for young people in getting the education they need, finding opportunities for work or progression after school, and for ways to fill their leisure time.

The services we offer young people are a help for some of them but we remain conscious that we only reach a relatively small proportion of young people locally, let alone across the county. The range of services we offer, are codesigned and suit the young people with whom we work, but other young people would like, or need, other services and activities that we do not yet provide.

Our future is about increasing meeting the needs of more young people between the ages of 8 and 25 in Suffolk. We aim to do this by reaching out to young people and engaging them in new and innovative ways, and offering them the activities and support they want, in the way they want as far as we can.

This means that we seek a greater reach with a more agile and equipped team of youth workers. The charity will be seeking greater financial certainty and flexibility so that we can continue to deliver the excellent programmes we already provide, yet quickly and efficiently respond to the changing needs of young people. We also expect to explore new ways of reaching young people across the county, and especially those harder to reach out-of-town young people.

Whilst the challenges facing young people are profound, and likely to be increasing over the next period, we remain resolute and committed to providing the best possible care and support for our county's most valuable asset.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are appointed by the board in line with the governing document.

Organisational structure

The trustees employ a Chief Executive Officer, Mr Malcolm Goodwin, to direct activities in line with our purpose and agreed strategy.

Key management remuneration

Day to day management is carried out by the CEO, senior leaders and the wider management team. Remuneration is agreed by the board of trustees.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08010191 (England and Wales)

Registered Charity number: 1149539

Registered office: 127 Ipswich Street , Stowmarket , Suffolk , IP14 1BB

Page 8

The Mix Stowmarket Limited

Report of the Trustees for the Year Ended 31 March 2024

Trustees

Marisa Batson (Chair) Rebekah Warnock Safeguarding Lead (resigned 5.2.24) Louise Hammond Trustee Laura Morrison Trustee (resigned 15.11.23) Darryl Chapman Trustee (resigned 22.5.24) Rob Darrington Trustee Luvuyo Mfazwe Trustee (resigned 22.5.24) Karen Cross Trustee

Senior Statutory Auditor

J Knights ACA BSc

Auditors

Knights Lowe Limited Eldo House Kempson Way Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR

Bankers

HSBC 12 Tavern Street Ipswich Suffolk IP1 3AZ

Page 9

The Mix Stowmarket Limited

Report of the Trustees for the Year Ended 31 March 2024

AUDITORS

The auditors, Knights Lowe Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

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

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Marisa Batson - Trustee

Page 10

The Mix Stowmarket Limited

Statement of Trustees' Responsibilities for the Year Ended 31 March 2024

The trustees (who are also the directors of The Mix Stowmarket Limited for the purposes of company law) are responsible for preparing the Annual Report and the 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 financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

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 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.

In so far as the trustees are aware:

Page 11

Report of the Independent Auditors to the Members of The Mix Stowmarket Limited

Opinion

We have audited the financial statements of The Mix Stowmarket Limited (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Page 12

Report of the Independent Auditors to the Members of The Mix Stowmarket Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 13

Report of the Independent Auditors to the Members of The Mix Stowmarket Limited

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Page 14

Report of the Independent Auditors to the Members of The Mix Stowmarket Limited

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

J Knights ACA BSc (Senior Statutory Auditor) for and on behalf of Knights Lowe Limited Eldo House Kempson Way Suffolk Business Park Bury St Edmunds Suffolk IP32 7AR

Date: .............................................

Page 15

The Mix Stowmarket Limited

Consolidated Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
9,711
Charitable activities
5
Youth work and associated support
785
Building/core-related activities
274,795
Other trading activities
3
652,314
Investment income
4
422
Total
938,027
EXPENDITURE ON
Raising funds and other trading activities
6
588,922
Charitable activities
7
Youth work and associated support
182,357
Building/core-related activities
165,943
Overheads and administration
(20,435)
Total
327,865
NET INCOME/(EXPENDITURE)
21,240
RECONCILIATION OF FUNDS
Total funds brought forward
51,316
TOTAL FUNDS CARRIED FORWARD
72,556		 2024
2023
Restricted
Total
Total
funds
funds
funds
£
£
£
8,296
18,007
68,412
441,780
442,565
376,650
-
274,795
212,291
395
652,709
602,607
-
422
290
450,471
1,388,498
1,260,250
3,763
592,685
633,023
350,878
533,235
254,277
24,962
190,905
236,322
148,488
128,053
179,600
524,328
852,193
670,199
(77,620)
(56,380)
(42,974)
142,353
193,669
236,643
64,733
137,289
193,669

Page 16

The Mix Stowmarket Limited

Consolidated Balance Sheet 31 March 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
15
62,353
Investments
16
0
62,353
CURRENT ASSETS
Stocks
7,720
Debtors
17
131,544
Cash at bank and in hand
88,697
227,961
CREDITORS
Amounts falling due within one year
18
(204,016)
NET CURRENT ASSETS
23,945
TOTAL ASSETS LESS CURRENT LIABILITIES
86,298
NET ASSETS
86,298
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
-
28,697
255,437
284,134
(233,144)
50,990
50,990
50,990		 2023
Total
funds
£
62,353
0
62,353
7,720
160,241
344,134
512,095
(437,160)
74,935
137,288
137,288
86,298
50,990
137,288		 2022
Total
funds
£
98,317
0
98,317
9,204
51,328
426,491
486,843
(391,491)
95,352
193,699
193,669
51,316
142,353
193,669

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Marisa Batson - Trustee

The notes form part of these financial statements

Page 17

The Mix Stowmarket Limited

- Balance Sheet (The Mix Stowmarket Limited as a single entity)

31 March 2024

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
15
20,103
Investments
16
1
20,104
CURRENT ASSETS
Debtors
17
117,458
Cash at bank and in hand
21,018
138,476
CREDITORS
Amounts falling due within one year
18
(54,908)
NET CURRENT ASSETS
83,568
TOTAL ASSETS LESS CURRENT LIABILITIES
103,672
NET ASSETS
103,672
FUNDS
19
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
-
28,697
255,437
284,134
(233,145)
50,989
50,989
50,989		 2024
Total
funds
£
20,103
1
20,104
146,155
276,455
422,610
(288,053)
134,557
154,661
154,661
103,672
50,989
154,661		 2023
Total
funds
£
22,304
1
22,305
42,295
383,176
425,471
(224,650)
200,821
223,126
223,126
80,773
142,353
223,126

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Marisa Batson - Trustee

The notes form part of these financial statements

Page 18

The Mix Stowmarket Limited

Consolidated Cash Flow Statement
for the Year Ended 31 March 2024
2024
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(75,204)
Net cash provided by operating activities
(75,204)
Cash flows from investing activities
Purchase of tangible fixed assets
(7,575)
Interest received
422
Net cash used in investing activities
(7,153)
Change in cash and cash equivalents in the
reporting period
(82,357)
Cash and cash equivalents at the beginning
of the reporting period
426,491
Cash and cash equivalents at the end of
the reporting period
344,134		 2023
£
52,571
52,571
(41,607)
290
(41,317)
11,434
415,057
426,491

The notes form part of these financial statements

Page 19

The Mix Stowmarket Limited

Notes to the Cash Flow Statement for the Year Ended 31 March 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

2024
£
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
(56,380)
Adjustments for:
Depreciation charges
44,842
Interest received
(422)
(Increase)/decrease in debtors
(108,913)
Increase in creditors
45,669
Net cash provided by operations
(75,204)		 2023
£
(42,974)
38,715
(290)
(27,214)
84,514
52,751

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 426,491 (82,357) 344,134
Total 426,491 (82,357) 344,134

The notes form part of these financial statements

Page 20

The Mix Stowmarket Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The presentational currency of these financial statements is pounds sterling, amounts are rounded to whole pounds.

Group Accounts

As required by the Charities SORP, Group accounts have been prepared to combine the charity and its trading subsidiary 127 Trading Limited. The subsidiary is controlled 100% by The Mix Stowmarket Limited. These accounts therefore show the consolidated results of the Group. The information presented therefore shows the position of the Group as a whole, and if required either by accounting standards or to provide adequate disclosure the single entity of the parent - The Mix Stowmarket Limited.

Going concern

These financial statements have been prepared on a going concern basis as the Trustees are confident that sufficient funding will be received to enable the charity to continue as a going concern.

Income

Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Funding received for projects/activities where terms or conditions exist which must be met before the charity is entitled to the resources is treated as deferred income.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Cafe equipment - 20% on cost IT and other equipment - 20-33% on cost

The notes form part of these financial statements

Page 21

The Mix Stowmarket Limited

for the Year Ended 31 March 2024

Notes to the Financial Statements - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Designated funds are unrestricted but specified by the trustees to be used for specific purposes.

Restricted funds can only be used for specific restricted purposes within the objects of the charity. Restrictions arise when specified by the donor/funder or when funds are raised for specific restricted purposes.

The Mix Stowmarket Limited currently has funds restricted to the following purposes:

Schools Youth work/EHWB with SCC & Stow High

Providing one to one coaching sessions and group work for young people in secondary schools. This programme provides quiet, safe spaces for reflection and an available adult to emotionally support young people on the return to successful learning and re-entering classrooms.

Open Access

These open-access or "drop in" sessions are provided at both Stowmarket within the Mix building and Needham Market in the "Hut" at Crowley Park. Not only do these sessions provide after school and holiday activities for young people, but they also enable direct access to further services that the Mix provide through the youth workers providing support at these sessions.

Detached work

Detached programmes take youth work to young people where they are in their communities with the aim of reducing barriers to young people accessing our support and services.

Coaching

We provide mentoring and coaching to young people across all our youth work projects. Our youth workers engage in monthly professional supervision sessions from an accredited coach and counsellor for support and reflection.

Thrive

Our alternative education provision supported students from local mainstream secondary schools for a full day each week for the school year. Responding to the needs of the young people we provide a mixture of one-toone mentoring and coaching, vocational and work-based skills development.

Crucial Crew

Crucial Crew is an annual event for around 1200 Year 6 pupils in mid-Suffolk aimed at improving their safety awareness.

Drama

This programme helps young people build confidence by working through the year in theatrical production to culminate in an end of year performance held for family and friends.

Together

The Together Project supported young people aged 15 - 24 looking to take their next step into employment, education, or training. We helped young people move from NEET (Not in Education, Employment or Training) back into school, or work, other training, change jobs or get a second job.

Holiday Activity fund

This fund provides activities for young people in the school holidays to keep the provision of support open and accessible outside of school weeks.

Empower (formerly Greenlights)

Provision of weekly mentoring for year 6 pupils focusing on emotional wellbeing, social skills, resilience, and secondary school transition.

The notes form part of these financial statements

Page 22

continued...

The Mix Stowmarket Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES - continued

Leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

The Mix occupies a building which is owned by Suffolk County Council on a rent-free basis. In turn, The Mix provides office accommodation to Suffolk Council at reduced rates.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate, allocated to funds on the same basis as salaries paid.

Financial instruments

Assets and liabilities are initially recognised at cost or transactional value unless otherwise stated.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Donations 9,711 8,296 18,007 68,412
OTHER TRADING ACTIVITIES
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Fundraising events 5,557 395 5,952 2,000
Festibal anniversary 23,369 - 23,369 -
Other income 5,521 - 5,521 10,474
Sales & trading income 617,867 - 617,867 575,133
Government grants - - - 15,000
652,314 395 652,709 602,607
INVESTMENT INCOME
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Deposit account interest 422 - 422 290

3. OTHER TRADING ACTIVITIES

4.

Page 23

continued...

The Mix Stowmarket Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

5. INCOME FROM CHARITABLE ACTIVITIES

Income from activities
Grants
Other youth work funding
Office space rentals and service charges
Room rentals		 Youth
Building/core
Work
related activity
£
£
785
-
75,000
3,556
441,780
-
-
184,095
-
12,144
517,565
199,795		 2024
Total
activities
£
785
78,556
441,780
184,095
12,144
717,360		 2023
Total
activities
£
730
55,000
375,920
139,772
17,519
588,941

Grants received, included in the above, are as follows:

Mid Suffolk District Council
Locality award
Garfield Weston
Henry Smith Foundation
ASDA Foundation		 2024
£
15,000
2,000
-
60,000
1,556
78,556		 2023
£
30,000
-
25,000
-
-
55,000

6. RAISING FUNDS

Other trading activities

Other trading activities
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Staff costs - 3,504 3,504 7,292
Hire of equipment 648 17 665 533
Bad debts - - - 1,169
Depreciation 1,381 - 1,381 242
Direct trading costs and purchases 472,048 - 472,048 492,628
Trading overheads 118,966 - 118,996 128,531
Taxation (3,879) - (3,879) 2,627
589,164 3,521 592,685 633,023

Page 24

continued...

The Mix Stowmarket Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

7. CHARITABLE ACTIVITIES COSTS

Youth work and associated support
Building/core-related activity
Overheads and administration		 Direct
Costs
£
532,463
190,852
60,642
783,957		 Support
costs (see
note 8)
£
770
-
77,371
78,141		 Totals
£
533,233
190,852
138,013
862,098

8. SUPPORT COSTS

Management
£
Youth work and associated support
-
Building and core actvites
52,515
Overheads and administraton
-
52,515		 Governance
Finance
costs
£
£
-
770
-
-
107
24,749
107
25,519		 Totals
£
770
52,515
24,856
78,141

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Audit fees
Depreciation - owned assets
Hire of equipment		 2024
£
12,536
10,466
665		 2023
£
9,035
10,715
533

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses - No Trustees were reimbursed for any expenses in 2024 or 2023.

11. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2024
£
761,280
48,976
13,095
825,375		 2023
£
691,271
42,106
11,125
746,525

Total trustee and key management personnel remuneration and benefits amounted to £47,250 (2023 £40,447).

Page 25

continued...

The Mix Stowmarket Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

11. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

Management and Business support
Front of House
Youth workers
Trading activity		 2024
5
4
22
37
68		 2023
5
9
15
37
66

No employees received emoluments in excess of £60,000.

Page 26

continued...

The Mix Stowmarket Limited

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

13. Auditors Remuneration

Auditors fees for the year comprise:

2024 2023
£ £
Audit & Accounts Preparation Fee 12,536 9,035

14. TAXATION

The Mix Stowmarket Limited is subject to corporation tax on its trading and commercial activities. In 2024 these activities did not generate a taxable profit because of losses utilised from previous years, therefore no charge or liability is included. A deferred tax liability relating to accelerated capital allowances has been recognised of £10,563 (2023 – £14,442). The release (2023 Charge) to the SOFA is £3,879 (2023 – £2,627)

15. TANGIBLE FIXED ASSETS

The tangible fixed assets of the Group are as follows:

IT and
Cafe other
equipment equipment Totals
£ £ £
COST
At 1 April 2023 117,777 56,735 174,512
Additions 1,809 8,265 10,074
Disposals (2,499) (2,499)
At 31 March 2024 117,087 65,000 182,087
DEPRECIATION
At 1 April 2023 41,764 34,431 76,195
Charge for year 34,183 9,356 43,539
At 31 March 2024 75,947 43,787 119,734
NET BOOK VALUE
At 31 March 2024 75,947 43,787 62,353
At 31 March 2023 76,013 22,304 98,317

The Company has Café equipment with a net book value of £nil & IT and other equipment of £20,103.

16. FIXED ASSET INVESTMENTS

The company holds a 100% investment in 127 Trading Limited amounting to £1. In these group accounts the results for this subsidiary have been included. Individual accounts for the subsidiary are available from Companies House.

There were no investment assets outside the UK.

Page 27

continued...

The Mix Stowmarket Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
£
Trade debtors
102,874
Prepayments and other debtors
15,367
Accrued Income
42,000
160,241		 2023
£
36,706
14,622
-
51,328

The company has trade debtors of £99,752 (2023 – £29,858), Accrued income of £42,000 (2023 – nil) and prepayments of £4,403 (2023 – £12,437).

18. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

The creditors of the Group are:

The creditors of the Group are:
Trade creditors
Bank loans
Social security and other taxes
Accrued expenses and other creditors
Income in advance		 2024
£
102,648
36,283
37,890
28,605
231,734
437,160		 2023
£
33,890
42,157
48,465
81,381
185,598
391,491

The creditors of the Company are:

he creditors of the Company are:
Trade creditors
Amounts owed to group undertakings
Social security and other taxes
Accrued expenses
Income in advance		 2024
£
36,920
1
8,678
10,720
231,734
288,053		 2023
£
19,145
1
10,826
9,080
185,598
224,650

Income in advance comprises funding received for projects/activities where terms or conditions exist which must be met before the charity is entitled to the resources.

The movement in this provision was as follows:

Income in advance b/f
Received during the year
Released to the SoFA during the year
Income in advance c/f		 2024
£
185,598
455,008
(408,872)
231,734		 2023
£

158,918
569,497

(542,817)
185,598

Page 28

continued...

The Mix Stowmarket Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

19. MOVEMENT IN FUNDS

The below note details funds movements for the Charitable company as an individual. The Trading subsidiary had a net movement of £12,080 (2023 (£49,154)). The reserves/funds at 31 March 2023 were a net deficit of £29,454. The closing deficit is £17,373 at 31 March 2024. This combined with the charitable funds below of £154,662 total £137,287 being the total funds of the Group as disclosed in the balance sheet.

Unrestricted funds
General fund
Restricted funds
Community acton youth
EHWB with SCC & Stow High
Detached Project
Coaching 1 to 1
Thrive sessions
Crucial Crew
Community Youth Worker
Drama at the Mix
Empower (formally Greenlights)
Schools Youth Work
Together Year 4
HAF
Open Access - Needham
Open Access - Stowmarket
TOTAL FUNDS (Charity)		 Net
movement
At 1.4.23
in funds
£
£
80,773
9,201
(1,000)
-
28,514
-
2,694
(417)
5,743
(2,538)
7,039
(7,032)
3,769
-
1,000
-
4,233
(4,233)
12,119
(307)
12,863
(26,970)
2,071
1,716
2,660
(2,660)
39,994
(19,302)
20,654
(15,924)
142,353
(77,667)
223,126
(68,466)		 Transfers
between
funds
£
7
1,000
(28,514)
-
-
(7)
-
(1,000)
-
-
28,514
-
-
-
-
(7)
-		 At
31.3.24
£
89,981
-
-
2,277
3,205
-
3,769
-
-
11,812
14,407
3,787
-
20,692
4,730
64,679
154,660

Page 30

The Mix Stowmarket Limited

Notes to the Financial Statements - continued for the Year Ended 31 March 2024

19. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Detached Project
Coaching 1 to 1
Thrive sessions
Crucial Crew
Drama at the Mix
Empower (formally Greenlights)
Schools Youth Work
Together Year 4
HAF
Open Access - Needham
Open Access - Stowmarket
SEN YW
Violence against Women and Children
Youth Social Prescribing (Babergh and Mid
Suffolk District Council)
TOTAL FUNDS		 Incoming
resources
£
348,760
17,382
-
100,850
2,216
14,225
19,349
24,401
129,885
592
1,200
59,196
26,356
15,106
39,665
450,423
799,185		 Resources
Movement
expended
in funds
£
£
(339,559)
9,201
(17,799)
(417)
(2,538)
(2,538)
(107,882)
(7,032)
(2,216)
-
(18,458)
(4,233)
(19,656)
(307)
(51,371)
(26,970)
(128,169)
1,716
(3,252)
(2,660)
(20,502)
(19,302)
(75,120)
(15,924)
(26,356)
-
(15,106)
-
(39,665)
-
(528,090)
(77,667)
(879,649)
(68,466)

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

21. ULTIMATE CONTROLLING PARTY

The charity is controlled by the body of trustees, but no one trustee has overall control.

22. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these finical statements.

Page 30

The Mix Stowmarket Limited

Detailed Statement of Financial Activities

for the Year Ended 31 March 2024

2024 2023
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 18,007 68,410
Other trading activities
Fundraising events 5,952 2,000
Festibal anniversary income 23,369 -
Other income 5,521 10,474
Trading Income 617,867 575,133
Trading Grant Income - 15,000
652,709 602,607
Investment income
Deposit account interest 422 290
Charitable activities
Income from activities 785 730
Grants 78,556 55,000
Other funding 441,780 375,920
Office space rentals and service charges 184,095 139,772
Room rentals 12,144 17,519
717,360 588,941
Total incoming resources 1,388,498 1,260,248
EXPENDITURE
Other trading activities
Wages and external practitioners 3,504 7,292
Hire of equipment 665 533
Bad debts - 1,169
Depreciation of cafe equipment 1,381 242
Direct café costs – purchases etc 203,518 202,246
Wages – café & trading activities 268,530 290,382
Trading activity - overheads 115,087 131,158
592,685 633,023

Page 31

The Mix Stowmarket Limited

Detailed Statement of Financial Activities- continued
for the Year Ended 31 March 2024
2024 2023
£ £
Charitable activities
Wages and external practitioners 470,850 371,009
Social security 30,272 24,921
Pensions 9,680 7,735
Youth work refreshments 7,691 4,875
Water rates 13,157 10,822
Insurance 2,700 2,562
Rent, light and heat 106,243 89,050
Telephone 3,848 2,261
Postage and stationery 9,410 7,720
Advertising 4,230 1,790
Sundries 9,163 68
IT equipment and other costs 12,912 8,178
Travel 622 1,055
Recruitment 1,423 1,144
Training 6,847 4,415
Subscriptions 286 220
Building repairs and maintenance 40,703 23,667
Cleaning and waste 22,663 16,512
Direct project costs 24,268 15,719
Festibal anniversary expenses 9,957 -
Depreciation of IT equipment 9,085 10,472
774,052 604,194
Support costs
Management
Wages 47,250 40,447
Social security 5,265 2,717
Sub-contract administration - -
52,515 43,164
Finance
Bank charges 107 188
Governance costs
Accountancy and payroll - 13,290
Legal fees 12,983 328
Auditor/Independent examiner's fees 12,536 9,035
25,519 22,653
Total resources expended 1,444,878 1,303,222
Net income/(expenditure) (56,380) (42,974)

Page 32