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2021-09-30-accounts

YOUNG CARERS DEVELOPMENT TRUST

FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

Company No. 07771110

Charity No, 1150197

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YOUNG CARERS DEVELOPMENT TRUST FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021

Contents Page
Reference and Administrative Information 3
AbouttheYoung Carers Development Trust 4-8
Report ofthe Board ofDirectors/Trustees 9-12
Statement ofTrustees’ Responsibilities 13
Independent Examiner’s Reportto the Trustees 14
Statement of Financial Activities 15
Balance Sheet 16
NotestotheFinancialStatements

Phoebe has a complex caring role and provides support for her younger sister who has Autism, her Father who has Epilepsy and Crohn's Disease, which includes fits as a side effect, as well as her Mother who has mobility issues. Phoebe has also faced her own challenges, she has Hypermobility Syndrome which can be very painful and her attendance at school has suffered due to this. Phoebe, 16 years old, wants to go to Cardiff University to study midwifery or psychology and then on to Durham University to further her studies into the Medical Field. Phoebe is in her second year of YCDT support which so far has included Maths and English tuition, a bus pass to college, and a laptop light enough for her to carry.

“YCDT gave me the support | needed to build my confidence."

YOUNG CARERS DEVELOPMENT TRUST

REPORT OF THE BOARD OF DIRECTORS/TRUSTEES

YEAR ENDED 30 SEPTEMBER 2021

| The Board has pleasure in presenting their annual report and financial statements for the year | ended 30 SEPTEMBER 2021.

| REFERENCE AND ADMINISTRATIVE INFORMATION

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |||Charity|name|Young|Carers|Development|Trust|(YCDT)| |||Registered|charity number|1150197| |Company|number|07771110| |||Registered|address|The|Carers|Centre,|Lower|Bristol|Road,|Bath|BA2|9ES| |Directors|/ Trustees|Mrs|Jenny|Bower|(Retired|8°"|Apr|2021)| |Mr|William|Feeny|(Treasurer)| |Ms|Sonia|Hutchison|(Chair)| |||Mrs|Pamela|lyer|(Retired|17°"|Nov|2021)| |Mrs|Linda|Packard|(Retired 8|Apr|2021)| |||Mrs|Andrea|Pierce|(Appointed|13"|Dec|2021)| |Ms|Katy|Philips| |Mr|Andrew|Pitt| |Ms|Erica|Rutherford|(Retired|13"|Dec|2021)| |Mr|Timothy Young| |||Key|Management|Personnel|The|key|management|personnel|consists|of the|trustees,|the| |Charity|Manager|Karina|Eccles|and|the|Service|Manager| |Leah|Morgan|and|from|16"|August|2021|her|replacement| |Melanie|Rees-Lewis.| |_|Independent|Examiner|Josh|Kingston|ACA| |Burton|Sweet|Limited| |||The|Clock Tower| |||5|Farleigh|Court| |||Old|Weston|Road| |||Flax|Bourton| |||Bristol BS48 1UR| ||| |Bankers|HSBC|Bank|PLC| |45|Milson|Street| |||Bath BA1 1D| |||The|Charities|Aid|Foundation|Deposit|Platform,| |||Flagstone|Investment|Management|Ltd| |||26-27|Oxendon|Street,|London, SW1Y 4EL|

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YOUNG CARERS DEVELOPMENT TRUST

ABOUT THE YOUNG CARERS DEVELOPMENT TRUST

YEAR ENDED 30 SEPTEMBER 2021

Our Vision For young carers to reach their potential.; ;

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A young carer
misses 48 days (10
waakayartie
school year on
average due to their
caring role
Young carers are 3x
as likelyto be ‘not
if Education
Employment or
Training’ (NEET)
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Our Mission

YCDT provide intensive one to one support to enable young carers to achieve their potential. We achieve this by encouraging them to strive for ambitious goals, to advance in life and to become active, inspiring role models for others from backgrounds similar to their own. Our Values Young carers are at the centre of everything YCDT do. We aim to inspire and nurture them to achieve their potential. Our approach is to work with local young carers services to identify young carers with real potential who are unlikely to succeed without targeted support.

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is to work with local young carers services to identify There are 700,000
carers with real potential who are unlikely to succeed identified young
targeted support. cavers indhe uk
— with many more not
identified
)| eS) ! “4 “geif Bigs mfAw| | withoutYoung support Carers like
. = 9 Bi. | YCDT’s are 4x more
| is = @ 7 | likely to drop out of
' ' _ university or college
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| “Thad no space to think about my own future but when | | On average young | was referred to YCDT and paired with my Development | carers achieve the | Mentor, | learnt for the first time just how valuable the skills | equivalent of - | | had developed as a carer were - not just in my everyday d | life but in work and education. ” (Dekeisha Rodd, YCDT | ower GCSE grades Ambassador) than their peers ee

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YOUNG CARERS DEVELOPMENT TRUST ABOUT THE YOUNG CARERS DEVELOPMENT TRUST

YEAR ENDED 30 SEPTEMBER 2021

What We Do—Our 4-Year Programme

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Yea r 1
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Yea r 2
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Yea r 3
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Am bassad ors

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YOUNG CARERS DEVELOPMENT TRUST REPORT OF THE BOARD OF DIRECTORS/TRUSTEES YEAR ENDED 30 SEPTEMBER 2021

The impact we have on Young Carers

October 28th 2020 - Our first Young Adult Carer Aspirations Conference for Young Adult Carers (YAC) aged 14-19 and professionals working with YACs across the country. “YACs are twice as likely to be Not in Education, Employment or Training (NEET) at post-16 than their peers and that they’re underrepresented within the student population in higher education.” The conference delivered targeted advice on accessing university as a YAC and on apprenticeships and employment. All workshops were delivered within the context and with the knowledge of the challenges faced by young carers. Rather than focussing solely on the difficulties young carers face, we used a strengths-based approach when designing the conference, aiming to deliver the message that although caring can be an inhibitor, it can also be an enabler. We referred to the fantastic skills YACs gain through caring (delivering a workshop in this area) and the support that’s out there to help them to reach their potential. We opened and closed the event with motivational and inspirational speeches, most of which were delivered by our YCDT Ambassadors, who are young carers who have gone on to achieve incredible things.

The conference was attended by 40 delegates of whom 25% were professionals working with YACs who went on to embed what they had learned into their practice.

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LL YCOT18t YoungAdult Carer Aspirations Conferaaams. © aft
See our Ambassador
~ Amy on the YCDT
> web site
=> ee
Watch on i Yextebe TS 7 “~ Animorica
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Feedback from the YAC Aspirations Conference
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100% of those surveyed were “Happy” to “Very Happy” with the conference
“I'll believe in myself more and feel unstoppable”
“Aim high, the route isn't impossible, just along an alternative path. There's more help then you
may think”
“Amy was inspirational to any young carers watching, she spoke so clearly about the things we
will be facing soon.”
“Amy's closing speech was really moving and inspiring..”
“It really resonated with me and made you feel less isolated. Also gives a lot of hope for yourself,
in seeing where the speakers have come from”
“| was left in tears... happy ones! It was amazing to see what the ladies had achieved!”
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YOUNG CARERS DEVELOPMENT TRUST

REPORT OF THE BOARD OF DIRECTORS/TRUSTEES

YEAR ENDED 30 SEPTEMBER 2021

Our Income

Our Commitments to Young Carers

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OUR CASH BALANCE AT THE YEAR END OF £169,777
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e We always ensure the full money is in place Unused
for all 4 years before taking on a young Restricted
carer.
. grants
e As we expect to pay out costs on behalf 59 i
on our young carers within the 4 years, hee
capital preservation is of paramount im- 4 x
portance. ae ey
e The funds committed for our young carers |
are protected under the government Fi- y
nancial Services Compensation Scheme
and all balances are guaranteed
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74% of our cash is designated as
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COMMITTED FUNDS FOR OUR SELECTED YOUNG CARERS

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YOUNG CARERS DEVELOPMENT TRUST

FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

Our Income

Our Funders

We are enormously grateful to all of our funders and strategic partners and individuals whose support has enabled YCDT to grow from a small local charity to one of regional standing, with increasing impact each year of the lives of young carers. Through your funding we have changed their lives.

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Masonic Charitable Violet Wills Will Trust e All funding we receive goes directly towards
poungauon ar i Robert Harel ap ee our provision for these young people.
BaR P Tindall's Charitable vis nson Charitable © The more funding we receive, the more
Denman Charitable Trust Bath Boules Charitable Trust young carers we can help.
Ann D Foundation 4814 Charitable Trust
Nailsea & Backwell Rotary =‘Tula Trust
Club Alchemy Trust A Network Partner of
Chippenham Borough Lands Paradigm Norton Trust CARERS
TheCharity Fitton Trust GarfieldHelen Hamlyn Weston FoundationFoundation TRUST ‘
Helianthus Trust Roger & Sarah Bancroft Ray Hair 7 o
South Stoke Church Clark Charitable Trust ay ENS med lec k
The Lark Trust Wakefield Trust Charitable Trust charitable trust
The Mears Foundation Waitrose 2
The Kass Foundation Mountbatten Memorial E
Queen Elizabeth's Hospital, Fund . S
Bristol The Singer Foundation = al
Waitrose The Russell Kin Trust py Aes
The W O Street Foundation The Carers Trust John James arndaston
Swire Charitable Trust John Lindley —_
Anton Jurgens Charitable Eva Reckitt Trust Fund The :
Trust Scobell Charitable Trust | «xcRa nk Foundation
The Truemark Trust BAT | = a pebble in the pond
The Grant Foundation ACADEMY
The Grace Trust pa a
Eva Reckitt Fund Quartet Wiltshire “ \G=5)
GreatSistersBritain of Mercy Union of C} CommunityFoundation Founaotes € (Z ?\
Scobell Charitable Trust
Walter Guinness Charitable
Trust Barhara; Ward Children's' Foundation — vb COMMUNITYFUND
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YOUNG CARERS DEVELOPMENT TRUST REPORT OF THE BOARD OF DIRECTORS/TRUSTEES YEAR ENDED 30 SEPTEMBER 2021

COVID 19 (Coronavirus)

Covid-19 has continued to have an impact on the charity, the way that our services are delivered and our ability to grow and develop a sustainable and diversified funding model but we have learned to adapt and maintain our service offering through the pandemic

For our young carers and their familles, the impact has been severe and the lockdowns and social distancing have materially affected their lives. Other challenges created by Covid-19, exacerbated for the lives of young carers due to thelr caring responsibilities, include missed education, lower educational attainment and progress, and decreased extra-curricular activities and opportunities,

In response to each change in restrictions and in line with the National Youth Agency guidance and the personal household risk factors of our young carers, we have amended our Covid 19 guidance to provide an effective continuation of service.

In June 2021 we held a Volunteer Celebration Event in conjunction with the relaxation of Covid 19 regulations and we were able to allow our young carers and Development Mentors to meet socially face to face and share thelr experiences of the difficulties of Covid 19.

REPORT FOR 2021

The Trustees have reaffirmed and strengthened our prudent reserves policy whereby we will not take on a young carer unless there are sufficient actual funds available to support them through the development programme, which may last for four or five years and include a year of post programme support. Additionally the Trustees have agreed that the internal service management cost for new young carers in the first year of their program should be protected as designated funds to support delivery of the 4 year program.

The Trustees are pleased to report that in line with the business plan this year 8 young carers (2020: 5} were taken on, the highest number we have engaged with in one year. In total 34 young carers are or have passed through our program. Additionally, the Trustees are delighted that during the year, a further 3 of our past young carers have agreed to take on the role of Ambassadors for the Trust bringing the total to 9.

During 2021 we have been able to expand the external impact that our young carers have had, and to provide more opportunities for them to reach out to other young carers and become active and Inspiring role models. We have been able to raise awareness and support of young carers and the work of YCDT through an effective external and internal communications and marketing strategy and we now participate with and influence many other organisations involved with young people.

2 meetings have been held with Sir Ed Davey, leader of the Liberal Democrats, supporting him and his policy advisers to shape their carer strategy. The second meeting included a panel of our young carers and ambassadors who spoke eloquently about the issues they faced and what systemic changes would have supported them.

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YOUNG CARERS DEVELOPMENT TRUST REPORT OF THE BOARD OF DIRECTORS/TRUSTEES YEAR ENDED 30 SEPTEMBER 2021

Our Young Adult Carer Aspirations Conference took place on 28" October 2020 comprising 7 workshops, 31 YACS from all over England, and 4 professionals. The conference delivered targeted advice on accessing university as a YAC and on apprenticeships and employment. All workshops were delivered within the context and with the knowledge of the challenges faced by young carers and were designed to deliver the message that although caring can be an Inhibitor, It can also be an enabler.

YCDT has been consulting with Bristol City Council in the writing of their Carers Strategy and in the establishment of a multiagency Young Carers Strategy Implementation Group

In partnership with Young Futures CIC, we held 2 online workshops commissioned by Study Higher, a Uni Connect initiative to provide higher education outreach to young people. “Know your rights” and “Confidence and motivation” were delivered, both designed to be informed by the Impact of caring.

In May 2021 a further workshop was delivered for professionals working in schcol settings on “Supporting Young Carers to reach their potential in schools and colleges”

Our young carers participated in Young Carers Action Day on 16" March 2021 which is an awareness raising day and campaign to increase support for young carers, organised by The Carers Trust. We are delighted to show YCDT's new film on our web site featuring our amazing young carers sharing their thoughts and experiences in support of Young Carers across the UK.

We have also increased our investment in our software and technology with the implementation of a new Customer Relationship Management applications (CRM) and the upgrade of our website. We have also implemented a new online tool for monitoring progress of our young carers and measuring our impact.

FINANCIAL REPORT

The Trust supports a new young carer through a development programme which may last for four or five years. This means that the Trust must have sufficient reserves for each new young carer so that we are able to make this long-term commitment with the applicable cash reserve.

During the year, the Trustees agreed that those sums which are reserved for each young carer on the program should be set aside as designated funds. These funds are then 'ring-fenced’ and no longer form part of the unrestricted general funds. The Trustees also agreed to transfer £32,000 of free reserves to designated funds being the annual estimated service management cost for new young carers. As a result of this policy, and despite the difficulties faced in the year, the Trust is confident the program agreed with each young carer can be completed in full and without Interruption.

The sum of cash and investment balances at the end of the year was £169,746 (2020: £113,361).

The commitments to our young carers are £94,407 (2020: £70,882) and together with the transferred service management costs of £32,000 which have been classified by the Trustees as designated funds, the total commitment Is £126,407. 749 of our cash and Investments are protected as designated funds and no longer form part of our general free funds.

In 2020 an account was opened through the Charities Ald Foundation Charity Deposit Platform (CAF) Introduced by CAF Financial Solutions Ltd and provided by Flagstone Investment Management Ltd. This platform provides charities with a digital cash deposit solution to access multiple deposit accounts with different banks, higher Interest rates and better protection for cash reserves so that all balances are guaranteed by the Financial Services Compensation Board (FCS).

While Covid restricted many of the community and events fundraising projects, we were able to focus more on donations and grant applications so that in total! the surplus of income over expenditure for the year increased to £31,648 (2020: £7,169). This is due to higher income of £151,456 (2020: £85,318) and higher expenditure of £118,281 (2020: £78,149). The higher expenditure Is principally the additional young carers that have Joined our program this year.

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YOUNG CARERS DEVELOPMENT TRUST REPORT OF THE BOARD OF DIRECTORS/TRUSTEES

YEAR ENDED 30 SEPTEMBER 2021

PLANS FOR 2022

The trustees are determined to ensure that our fundralsing strategy continues to become diversified and sustainable. Several Trusts have confirmed that their funding will continue, and we believe that we will be able to maintain the stated aim of engaging with a greater number of young carers. Based on current forecasts that there will be sufficient reserves to commit to 12 new young carers and cover our core costs for up to 6 months.

In anticipation of the expansion and subject to the performance of the trust, the Trustees have agreed to the recruitment of an assistant service manager and a fundraising assistant towards the end of the financial year. Emphasis will be placed on the expansion of community fundraising and the planning of a significant fundraising event in 2023.

Following the success of the 2021 event, the date for the Young Carers Action Day has been set for 16th March 2022. Additionally our popular workshops for both young carers and professionals will continue throughout the year.

THE TRUSTEES

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,
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The Trustees give their time freely and receive no remuneration for the work that they undertake as Trustee of the Charity. However they can claim expenses for costs they incur in fulfilling their duties.

FINANCIAL RESERVES POLICY

The Trust's development strategy and financial reserves policy is governed by the following principles:

The trustees consider that the Ideal level of reserves as at 30th September 2021 would be between 3 to 6 months of support costs which equates to between £18,000 and £36,000. Free reserves at the end of the year were £33,072 which is In line with the Trustees target level of reserves.

There are no material uncertainties about the charity's ability to continue as a going concern, desplte the significant uncertainty being caused by the worldwide COVID-19 crisis. Whilst the Trustees expect there to be an impact on the charity's operations and reserves in the coming months and years, the charity has sufficient reserves to be able to meet these challenges

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YOUNG CARERS DEVELOPMENT TRUST REPORT OF THE BOARD OF DIRECTORS/TRUSTEES YEAR ENDED 30 SEPTEMBER 2021

FINANCIAL RESERVES POLICY

The Trust's development strategy and financial reserves policy is governed by the following principles:

.

The trustees consider that the ideal level of reserves as at 30th September 2021 would be between 3 to 6 months of support costs which equates to between £18,000 and £36,000. Free reserves at the end of the year were £33,072 which Is In line with the Trustees target level of reserves. There are no material uncertainties about the charity’s ability to continue as a going concern, despite the significant uncertainty being caused by the worldwide COVID-19 crisis. Whilst the Trustees expect there to be an impact on the charity’s operations and reserves in the coming months and years, the charity has sufficient reserves to be able to meet these challenges .

PUBLIC BENEFIT STATEMENT

In setting YCDT's objectives and planning Its activities, the Trustees have given careful consideration to the Charity Commission’s public benefit guidance. In particular, we have considered how our planned activities will contribute to our vision and mission. All our charitable activities focus on assisting and supporting Young Carers who are providing a ‘significant level of care’ for a disabled or seriously ill family member and they are undertaken to further our charitable purposes for the public benefit.

SAFEGUARDING

Safeguarding Is a critical area of importance, and our primary concern is to promote the welfare and safety of young carers, their families and those vulnerable people with whom we are Involved. Charity Staff, Trustees and Development Mentors (DMs) come Into direct contact with them through the delivery of a range of our services and activities and OBS checks have been carried out on everyone. In addition, anyone coming into direct contact with a young carer is given additional tralning and required to complete a child protection course.

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YOUNG CARERS DEVELOPMENT TRUST

STATEMENT OF TRUSTEES’ RESPONSIBILITIES YEAR ENDED 30 SEPTEMBER 2021

Statement of trustees’ responsibilities

The trustees (who are also directors of Young Carers Development Trust for the purposes of company law) are responsible for preparing the Trustees’ Report {incorporating the strategic report and directors’ report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, Including Financlal Reporting Standard 102: The Financial Reporting Standard applicable In the UK and Republic of ireland (United Kingdom 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 income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate 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.

INDEPENDENT EXAMINER

A resolution concerning the appointment of the independent examiner for the ensuing year will be proposed at the Annual General Meeting.

Signed on behalf of the board by:

Sonia Hutchison

Chair

Date:...11th May 2022.0... ssrsssccsecsecesees

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YOUNG CARERS DEVELOPMENT TRUST INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES YEAR ENDED 30 SEPTEMBER 2021

Independent examiner's report to the trustees of Young Carers Development Trust

1 report to the charity trustees on my examination of the accounts of the Company for the year ended 30"" September 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also Its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

independent examiner's statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and falr view which Is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

| 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. Josh nage &

Burton Sweet Limited

The Clock Tower, 5 Farleigh Court Old Weston Road, Flax Bourton Bristol BS48 1UR

pate: | Moy 2022

14

Young Carers Development Trust

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)

YEAR ENDED 30 SEPTEMBER 2021

——————eSSSSESEeeeeEeeeeeeEEESESESESEFEFeSeSeEeEeESeSESEeeEeses

Unrestricted Unrestricted
General Designated Restricted Total Total
Note Funds
£		 Funds
£		 Funds
£		 2021
€		 2020
£
Income from:
Donations
Investments		 2
3		 93,228
237		 .
-		 57,091
-		 161,278
237		 86,030
288
Totalincome 93,465
———S=S=._OOO		 -
OOO—————eEa		 57,991
161,456
—————eEa
ES
eea		 86,318
a
Expenditure on:
Raisingfunds
Charitabteactivities		 4
8		 1,527
66,377		 -
-		 .
81,904		 1,527
118,281		 -
78,149
Tota!expenditure 67,904
=————Q—42a		 *
———————S=s—		 81,804
—sss		 119,808
cs
es		 78,149
OO
Natincomesexpoenditure) 28,564 - 8,087 341,648 7,188
,
Transtorsbetweenfunds 13 (32,000) 32,000 . : -
NetmovementIn funds (6,439) 32,000 6,087 31,648 7,168
Totalfundsat 1 October 13 39,511 - 1,813 41,324 34,155
Totalfundsat30September 13 33,072
————————S——S		 32,000
7,000
Orns8eee		 72,972
eee		 41,324

The Charity's Statement of Financial Activities Includes all gains and tosses In the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the ebove amounts retate to continuing activities.

Prior year fund comparatives are shown in note 10. s

The notes on pages 17 to 26 form part of these financial statements

15

Company number: 07771110

Young Carers Development Trust BALANCE SHEET

AS AT 30 SEPTEMBER 2021

i i i i i i i i
Unrestricted
General Designated Restricted TotalFunds TotalFunds
Funds Funds Funde 2021 2020
Note £ £ £ £ £
CurrentAssets
Debtors
Investments
Cash atbank and Inhand		 11 1,887
-
35,439		 70,204
56,203		 -
-
7,900		 1,897
70,204
89,542		 1,325
$0,108
83,252
37,336 126,407 7,900 471,643 114,688
Creditors:Amountsfalling .
due within oneyear 12 (4,264) (94,407) : (88,671) (73,382)
Netcurrentassots 33,072 32,000 7,800 72,972 41,324
Notassets 33,072
32,000
7,900
72,972
SsSsSsSsOOOOO_—————————_————————E—E—————————————..s		 41,324
i———
Funds
Restricted funds 13 - - 7,800 7,900 1,813
Unrestricted funds
Designated funds
©		 13 - 32,000 - 32,000 : -
Generalfunds 13 33,072 - - 33,072 39,511
33,072
32,000
7,800
72,972
——oooooooooOooeoOoOoeoeoooaoaoa—a—a—a—a———=S=		 :_ 41,324
—eee

See note 14 for prior year balance shest fund comparative

For the year ended 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies,

Olrectore responsibilities

The members have not required the companyto obtain an audit of ite accounts for the period in question in accordance with section 476,

The directors acknowledge their responsibifites for complying with the requirements of the Act with respect to accounting records and the preperation of accounts.

Thase accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

These financial stataments were approved by the trustees on 11 May 2022 and are signed on thelr behalf by.

Sonla Hutchison

Chat of Trustees

The notes on pages 17 to 26 form part of these financial statements

16

Young Carers Development Trust NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2021

ai 1Accounting policies a) The financial statements have been prepared under the historical cost convention, and in accordance with the Financia! Reporting Standard 102, the Companies Act 2006 and the Statement of Recommended Practice, Accounting and reporting by Charities (SORP FRS102).

;

b}

c)

d)

The Charity ia a pubfic benefit entity as defined under FRS102.

The financlal statements are prepared on the going concem basis. The Trustees have given adequate consideration to the issue and are of the opinion that this Is appropriate. There are no material uncertainties about the charity's abifity to continue as a going concern, despite thethe significantcharity's operations uncertaintyandbeingreservescausedin theby thecoming worldwidemonthsCOVID-19and years,crisis.the charityWhist hasthe Trusteessufficientexpectreservesthareto beto ablebe a tosignificantmeet these impacton challenges. Income Donated income without conditions attached, inctuding that gifted under gift ald, Is taken into account when received by the Charity. Charitable grants which have conditions which have not been fulfilled (as distinct from restrictions on the purpose for which they can be used) and are treated as Uabilitles and only recognised as income when the conditions ere echleved. Expenditure Donations and charitable grants payable are recognised as expenditure at the eertier of when when they are paid and when thay are committed to the reciptant in a manner which manner which which is Intended to be acted upon. Governance costs Include the costs of trustee meetings, Insurance and the cost of any legal advice to trustees on governance or conatituttonal matters or votting of trustees. Fund Accounting Restricted funds are those receivedfor use on specific purposes. Expenditure which meetsthose criteria ls allocatedto that fund. Designated funds ara amounts that have been set aside at the discretion of the trust. Unrestricted funds are those received or generated that can be used for the general purposes of the charity.

Donations and charitable grants payable are recognised as expenditure at the eertier of when when they are paid and when thay are committed to the reciptant in a manner which manner which which is Intended to be acted upon.

e) Debtors Trade and other debtors are recognised et the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepald after taking account of any discounts due. f} Creditors Liabititiesare recognised ao soon as there Is a legal or constructive obligation committing the charity to pay out resources.

9)

Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly quid investments with short maturity of three months or lease from the date of acquisition or opening of the deposit or similar.

h)

Donated Assets Where the charity hae been donated assets of gifts | kind, and where it ls possible to quantify the vatua, then these amounts are reflected In the statement of financial activities.

17

Young Carers Development Trust

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

2 Donations

Unrestricted Restricted Total
Funds Funds 2021
£ £ £
Donations 26,328 - 26,328
Gifts in kind 4,100 - 1,100
Other Income
Alchemy Foundation 600 - 800
Ann D Foundation Grant : : -
Awards ForAll §,950 3,904 9,854
Barbara Ward Children's Foundation §,000 - §,000
Denman Trust - 1,500 4,500
Eva ReckittTrustFund 1,000 “ 1,000
GarfieldWeston Foundation 10,000 - 10,000
JohnJames Foundation - 5,548 5,846
Kickstart . 2,216 2,216
Lese Smith Foundation 2,800 - 2,800
Masonic Charitable Foundation - 17,250 17,250
Quartet Foundation - 4,626 4,626
QullterTrust . 4,800 4,800
The Ray Harris Trust 7,000 3,000 10,000
Robert McAlpine 8,700 4,300 10,000
ScobellCT 2,000 - 2,000
SistersofMercy 2,000 - 2,000
SingerFoundation 2,000 3,750 5,750
The Fitton Trust 250 - 2850
The Lark Trust 3,500 ° 3,500
The Mediock Charitable Trust 10,000 - 10,000
The Russell Kin Trust 4,900 2,100 7,000
Tula Trust 1,000 - 1,000
UWE - 3,000 3,000
Violet WillsCharitable Trust 1,500 . 1,500
WalterGuiness Trust - 2,000 2,000
4814 Truet 2,000 - 2,000
93,228 «iS7,881 «181,219

18

Young Carers Development Trust

3

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

SUee

2 Donations (Continued)

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Prior Year Comparative|Unrestricted|Restricted|Total| |Funds|Funds|2021| |£|£|£| |Donations| |Donations|9,391|:|9,391| |Other tncome| |Ann|D|Foundation Grant|-|1,000|1,000| |Barbara Ward|Chikiren’s|Foundation|5,000|-|5,000| |Barratt Development|-|480|460| |Community|Foundation|Wittshire & Swindon|-|1,088|1,088| |Oenman|Trust|-|2,000|2,000| |Eva|Reckitt Trust Fund|1,600|-|1,000| |Garfield|Weston|Foundation|5,000|-|$,000| |Helen Hamlyn|Trust|1,800|-|1,500| |Joan Wikinson|Trust|-|690|690| |John James Foundation|-|3,000|3,000| |Mountbatten|Memorial|Fund|-|460|460| |Neighbourty Community Fund|-|400|400| |Paradigm|Norton|Grant|1,000|-|1,000| |Quartet Foundation|-|2,580|2,550| |Robert McAlpine|4,050|3,450|7,600| |Scobell CT|1,000|-|1,000| |Sisters|of Mercy|2,000|-|2,000| |Society|of Merchant Venturers|-|3,780|3,750| |The Ray|Harris|Trust|7,000|3,000|10,000| |The|Lark Trust|2,160|1,840|4,000| |The|Mediock|Charitable|Trust|10,000|-|10,000| |Tula|Trust|1,000|-|1,000| |Violet|Wills Charitable|Trust|1,000|-|1,000| |Wakefield|1,000|-|1,000| |Walter Guiness|Trust|-|1,800|1,500| |4814 Trust|1,880|1,610|3,600| |Other|Grants|4,241|-|4,241| |88,232|26,798|65,030|

----- End of picture text -----

Investments

Bank interest recetvable

----- Start of picture text -----
||||| |---|---|---|---| |Unrestricted|Rastricted|Total|Total| |Funds|Funds|2021|2020| |£|£|£|£| |237|-|237|2388| |Snes|—|[————————————]|SS. OE OO|

----- End of picture text -----

The prior year comparatives were all represented by unrestricted funds.

19

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

4 Expenditure on raising funds

6

LL

§

Unrestricted Restricted Restricted Restricted Total Total Total
Funds Funds 2021 2020
£ £ £ £
Youngcarersswayday 1,284 - 1,254 °
DMevent 273 ° 273 .
1,527
-
—o——E——_E£==.__—O—————————Sa_EEE		 EEE 1,527
SS—=-CO		 .
CO
The prioryearcomparativeswere all represented by unrestricted funds.
Expenditure on charitable activities
Grants Support Total
Costs 2021
(Note 6)
£ £ £
Paymentsmadeon behalfofyoung carers 48,204 . 46,204
Oversightandsupportforyoungcarersand OMs - 72,077 72,077
46,204
————LLESE———		 72,077
SS		 118,281
PriorYoarComparative Grants Support Total
Costs 2020
(Note 6)
£ £ £
Paymentsmadeon behalfofyoung carers 24,219 - 24,219
Oversightendsupport foryoung carersandDMs - 53,030 53,030
24,219
=—————SSS—S-_COS		 53,930
COS		 78,149
Supportcosts Total Total
2021 2020
£ €
Wagesand salaries 68,589 46,572
Governance (seenate8} 1,984 1,013
Travel 10 30
Recruitment 298 -
insurance 316 319
Web site and IT costs 3,952 2,440
Postageand stationery 220 276
Marketing 1,100 -
Subscriptions 380 ba
Repairs and maintenance 188 -
Training
Bankcharges		 2,628
104		 487
56
Sundry 2,274 2,167
72,077
—_—
ess		 63,930
C—O

20

Young Carers Development Trust

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

eee

7 Governance costs
Unrestricted Restricted Total Total
Funds Funds 2021 2020
€ E £ £
Meetingexpenses 372 . 372 606
Independentexamination 1,622 - 1,622 1,020
bd ba (12)
UnderOver)Accrual ofIndependentexamination fee in prior year
1,994
—K—————EE=—		 -
1,884
1,613
OOEee
The priors yearcomparatives were all represented by unrestricted funds.
8 Trustees expenses
Aggregate donationsfrom Trustees, keymanagement personnel and related partieswere £6,285 (2020: £3,800)
Thetrustees receive no remuneration orexpenses for acting astrustees.
) Staff costs
Total Total
Tota! staffcostswereas follows: 2021 2020
3 £
Wages and salaries 66,637 44,845
Social security costs ° -
Other pension costs 2,062 1,727
88,669
SoeOO		 46,572
OO
The average number ofemployees during theyearwas as follows:
Total Total
2021 2020
Average Number(headcount) ofemptoyees 2 2
Noemptioyee received remuneration of more than £60,000 during the year (2020: Nil)
The{totalaggregateemptoymentbenefitsreceivedbykeymanagementpersonnelwere£53,705(2020: £44,846).

21

Young Carers Development Trust

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

mY

10 Prioryearfund comparatives
Unrestricted Restricted Total
Funds Funds 2020
€ £ £
Income from:
Donations 58,232 26,798 85,030
Other trading activities - : :
Investments 288 - 288
Total Income §8,520
——————S3		 28,798
85,318
lSSSSSSSSsS=!=S		 «_O000=EO"~—ElNNEOOONT.
Expenditure on:
Ralsing funds - - -
Charitable activities 47,592 30,557 78,149
Totalexpenditure 47,682
Fm		 30,667
78,149
Fe— ———___ _----
Netincomeexpenditure) 10,028 (3,759) 7,169
Netmovement Infunds 10,928 (3.759) 7,168
Totalfunds at 1 October 28,583 6,872 34,155
Total funds at 30 September 39,511
a——————————		 1,813
41,324
——————————5eee
11 Debtors Total Total
2021 2020
£ £
Prepayments&accrued Income 1,861 1,325
Otherdebtors 46 -
4,687«1,825
SEEOO
12 Creditors Total Total
2021 2020
£ £
Trade creditors - 60
Accrualsand deferred income 1,250 2,420
Commitmentstoyoungcarers(externalcosts) 94,407 70,882
Othercreditors 3,014 -
98,671 73,362

22

Young Carers Development Trust

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

-—eee

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |13|Movemant|in|funds| |At|At| |1|Oct 2020|Income|Expenditure|Transfers|30 Sep|2021| |£|£|£|£|€| |Restricted|Funds| |Ann|D|Foundation|Grant|1,000|-|(1,000)|-|-| |Awards|For All|-|3,904|(3,804)|-|-| |Denman|Trust|-|1,800|(1,500)|-|-| |John Jemes Foundation|:|5,546|(5,645)|.|-| |Kickstart|-|2,216|(2,218)|-|.| |Masonic Charitable Foundation|-|17,250|(17,250)|-|-| |Quartet|Foundation|-|4,626|(4,626)|-|-| |Quitter Trust|-|4,800|-|-|4,800| |The Ray|Herries|Trust|-|3,000|(3,000)|-|-| |Robert McAlpine|-|4,300|(4,300)|.|-| |Singer Foundation|-|3,750|(3,750)|-|-| |The|Rotary Club|Natises|&|Backwell|843|-|(813)|-|-| |The|Russel] Kin Trust|-|2,100|(2,000)|-|100| |UWE|-|3,000|-|-|3,000| |Walter Guinesa Trust|-|2,000|(2,000)|-|:| |———$—$—$—————1,813|SEOe57,991|(51,904)|—————————_—-|5 —-_}..|7,800| |Unrestricted|Funds| |Designated funds| |Commitments|to Young|Carers|(Interna!|costs)|-|-|:|32,000|32,000| |General funds|39,511|93,465|(87,904)|(32,000)|33,072| |39,511|93,4605|-|67,904|:|65,072| |SSS——anr—SSS3b a8|sss|— =| |Total Funds|~__SaE]qwan_41,324~—+481,486.~-~«110,808=~=~=~<“~‘“‘(S;~S—Ean|eesOO|Oooo ———BT.ri|

----- End of picture text -----

23

Young Carers Development Trust

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

nn

43 Movement in funds (continued)

Prioryearcomparatives At At At
4 Oct2018 2018 income
Expenditure		 Transfers 30Sep2020 2020
£ £ £ £ £
Restricted Funds
JohnJames Foundation 44 3,000 (3,044) : -
Oenman Trust $26 2,000 (2,526) - -
The Ray Harris Trust 187 3,000 (3.167) - -
Chippenham Borough
OtherGrants		 800
634		 :
1,500		 (800)
(2,134)		 :
.		 -
-
The RotaryClub Nallsea/Backwell 1,340 - (527) - 813
Awardsfor ail 2,061 - (2,061) - -
QuartetFoundation - 2,550 (2,550) -
4614 Trust - 1,810 (1,610) - -
JoanWilkinson Trust - 680 {680) - -
RobertMcAlpine - 3,450 (3,450) - :
The LarkTruet - 1,840 (1,840) - .
BarrattDevetopment - 480 (460) - -
CommunityFoundation Wittshire& - 1,068 (1,088) - -
Swindon
MountbattenMemorial Fund - 460 (460) - -
Neighbourly Communtty Fund - 400 (400) - -
Society ofMerchantVendors - 3,750 (3,750) - -
Anne D Foundation - 1,000 - - 1,000
6,572 28,798 (30,857) - 1,813
Unrestricted Funds
Generalfunds 28,583 68,520 (47,5892) - 39,511
728803 =68,620 (47,502)80,511 80,511
TotalFunds 34,155 85,318 (78,148) . 41,324

Purposeof rostrictod funds. Anne D Foundastion - restricted to support young carers. Anton Jurgens Charitable Trust - young carers with full cost recovery. Awards for All - young carers with full cost recovery & 3 workshops. Barratt Development - restricted to support young carers. Burges Salmon- restricted to young carers in the Bristo! area. Chippenham Borough - restricted to young carers in the Chippenham ares. Community Foundation Wiltshire & Swindon - restricted to support charity with COVID-19 retated costs. Denman Trust - restricted to young carers in Bristol, BANES and South Gloucestershire area. Epoch - restricted to young carers. Joan Wikinson Trust - restricted to support young carers. John James Foundation - restricted to young carers in the Bristol area. Kickstart - Grant towards the wages of the kickstart employee. Masonic Charitable Foundation - Restricted to the cost of3 young carers. Mountbatten Memorial Fund - restricted to support young carers. Neighbourty Community Fund - restricted to support charity with COVID-19 related costs. Quartet Foundation - restricted to 5 young carers in Bristol, BANES, North Somerset for 3 months. Quitter Trust - Restricted to cost of service manager, Asplrations conferance 2021, and some specific costs for young carers including a Christmas party. The Ray Harris Trust - Restricted to new benefictaries

24

14

18

18

Young Carers Development Trust NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 SEPTEMBER 2021

rr eee 13 Movement In funds (continued)

----- Start of picture text -----
|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Robert McAlpine|-|restricted|to|support young|carers.| |Singer|Foudnation|-|Restricted|to new beneficiaries|but|Includes|core|coats| |Soclety of Merchant Vendors|-|restricted|to support young|carers|in|the|Bristo!|area.| |The|Lark|Trust|-|restricted|to|support|young|carers|with|full|cost|recovery.| |The|Rotary|Club|Nallsea &|Backwell|-|ist and 2nd instalment for the young carer|from|Backwell.| |The|Russel|Kin|Trust|-|Restricted|to young|carers| |Truemark Trust - young|carers,|esp.|tultion & equipment, with|full cost recovery.| |UWE|- Grant towards|aspirations conference and|service|manager|in April|2022| |Watter|Guinness Trust-|restricted|to young|carers|in|the|Wiltshire|area.| |4814|Trust|-|restricted|to|support young|carers.|

----- End of picture text -----

Designated fund - The intemad service management cost for new young carers in thelr firet year of the program.

Prior year balance sheet

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted|Total|Funds| |General|Designated|Restricted|2021| |Funds|Funds|Funds| |Current Assots| |Debtors|1,326|-|-|1,328| |investments|50,109|.|-|50,108| |Cash|at bank and|in|hand|———EE112,87361,439|--|1,6131,613|114,68663,252E0E| |Creditors|: Amounts|falling| |due within|one year|(73,362)|-|-|(73,3682)| |Net|ee| |current assets|—__8134132438.6| |Net assote|eee39,511|-|4,813|41,324| |=—ahaha9Qq_—————————————————|EEE| |Funds| |Restricted|funds|-|-|1,813|1,613| |Unrestricted|funds| |Designated funds|30,551|-|-|39,851| |General funds|-|-|-|-| |39,551|:|1,813|41,364| |——IIIlIlL——_—[——==—ana»asasays—_a—ss—TTe>>>)|SE|

----- End of picture text -----

Taxation

Asa charity, the Young Carers Development Trust Is exempt from tax on Income and gains falling within section 605 of the Taxes Act 1988 of 6 256 of the Taxation ofChargeableGains Act 1922 to the extent that these are applied to its charitable objectives.

No tax charges have arisen in the Charity.

Share Capital

The company is Emited by guarantee and ss such has no Issued share capital. In the event of a winding up, the lability of each member Is Emited to £1.

25

Charity Manager — Karina Eccles,

+(44) 7368 366660 www.ycdt.org.uk info@ycdt.org.uk

c/o The Carers Centre, Woodlands, Lower Bristol Road, Bath, BA2 9ES

The Young Carers Development Trust is a charity (1150197) and a company limited by guarantee (England and Wales No. 07771110).

“YCDT showed me my strengths and helped me to believe in myself.”

Inspiring and nurturing young carers to achieve their potential YCDT

26