**Report and Financial Statements For the Year Ended 31[st] March 2023**
**Charity Number 1150198 Company Number 08290421**
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**Charity Name:** Ynot Aspire Ltd
**Charity Registration Number:** 1150198
**Company Number:** 8290421
**Registered Office:** St James’ Old School Cannon Street Accrington BB5 2ER
## **Trustees:**
Chair (appointed (25/10/19, elected as Chair 5/5/20) Treasurer (appointed 02/03/2017, re-elected 4/10/21) (appointed 25/10/2018) (appointed 25/10/2019) (appointed 17/10/22)
Mr Paul Breaks Mrs Gillian Cookson Miss Sarah McCrossan Miss Jade Hargreaves John McGregor
## **Secretary:**
Miss P Swainston
## **Chief Officer:**
Miss Sharon Burch
Accountants: Slade & Cooper Ltd, 46-50 Oldham St, Manchester, M4 1LE Solicitors: Dickson Haslam, 12 Chapel Street, Preston, PR1 8BU Banking: CAF Bank, 25 Kings Hill Avenue, Lings Hill, West Malling, Kent, ME19 4JQ
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## **Our aims and objectives**
## Purpose and vision
Our charities purposes as set out in the objects in our constitution are to:
Advance in life and help young people through:
- a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
- b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
Our vision is to raise the aspirations of young people and inspire them to be all that they can be. Our work is driven by our value statement:
## **Ynot Aspire staff and volunteers support vulnerable young people by:**
- Listening to them
- Enhancing their life skills
- Creating opportunities
## **Through this work we are:**
- Giving young people a voice
- Shaping Communities
- Reducing crime and anti-social behaviour
- Delivering sustainable, specific and social outcomes
## Ensuring our work delivers our aims
We review our aims, objectives, and activities regularly to help us to stay focused on achieving our aims and outcomes. Our activities are evaluated to look at the success of each of them and the benefits that they have brought to those attending. These reviews also help us to ensure that our aims, objects and activities remain focused on our stated purposes. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. We undertake regular consultation with beneficiaries and partners each year to inform our work and it’s apparent that our focus needs to remain on prevention and early intervention around young people’s mental health and wellbeing. We work closely with our beneficiaries to ensure that our projects and activities continue to meet their needs so that they are able to access support that is timely and relevant.
## The focus of our work
Our main objectives for the year continued to be to provide a range of prevention and early intervention projects identified through our various consultation methods. The strategies that we used to meet these objectives include:
- Providing a range of services which are reflective of relevant quality standards and address the potential problems related to young people experiencing low level mental health issues or lacking in necessary support systems.
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- Continual consultation with stakeholders and beneficiaries to ensure that the projects we offer are relevant and timely and offer value for money.
- Working in partnership with other agencies to secure the widest range of service is available that best matches the needs of our beneficiaries.
As mentioned above, we also seek to identify new gaps in service to inform our work and ensure we’re delivering the right support at the right time. This consultation still identifies that the biggest gap in service is around prevention and early intervention work addressing young people’s mental health and wellbeing. This will, therefore, remain the focus and direction that our work will take in the coming years. We have worked extensively with partners and focus groups of young people to shape the projects and provide timely effective intervention to our beneficiaries.
## **How our activities deliver public benefit**
A more detailed outline of our projects and activities and who we aim to help are described below. All our charitable activities focus on engaging young people, inspiring them to achieve all that they are capable of and raising their aspirations for the future. This helps us to achieve public benefit not just for the young people that we work with but for the wider community also. We offer a range of volunteering opportunities for the community, including a comprehensive training package, work experience and the chance to give something back to their communities. All of which enhance their CV’s and future employment prospects.
## Who used and benefitted from our services?
Our objects and funding limit our service to the residents of Hyndburn, Lancashire. Hyndburn is ranked as one of the most deprived boroughs in the UK, with 3 wards falling into the bottom 10% of Super Output Areas nationally. (Index of Multiple Deprivation for England figures). Our consultations have shown that young people have a historic pessimistic view about their future and what they can achieve. We have high levels of young people who are NEET (Not in Education, Employment or Training), consistently higher that the Lancashire average. Consequently, their aspirations are low and many have no positive role models that they can look up to. There are many families with complex needs in the area and recent national agendas such as Troubled Families and Early Action have highlighted the importance of prevention and early intervention work with families. We concentrate our activities around the themes of prevention and early intervention.
We have continued to feel the effects of the pandemic this year, with a large increase in the number of referrals we have received. We secured further funding from the UK Youth Thriving Minds fund to enable the 2 additional Youth Workers to be able to continue their roles. Through partnership work, a bank of trained volunteers and taking a multi-agency approach to tackling issues, we have been able to reach many more young people than would otherwise have been possible. We are consistently evaluating the work that we do and the way that we work in order to deliver the best outcomes possible. We have looked to utilise group work where possible so that we are reaching more young people and offering support at the earliest possible opportunity.
Our two Primary Care Networks committed to continue their funding for the Wellbeing Coordinator so that we can accept referrals directly from GPs as well as our large range of partner organisations.
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Detailed below are our main areas of charitable activity and outlines of those who have benefitted from our work in the last 12 months.
## **Your Voice**
Your Voice is the project title for our work around mental health and wellbeing. Our focus group of young people have been working on the project design and we have trained a number of them up as young ambassadors for mental health within their school. With their help we have designed a number of aspects to this project including:
- Training on all aspects of mental health for staff, volunteers and young people
- Mental health workshops for Year 7 students
- One-to-one and group mentoring for those who need it
- Support groups for young people, parents and the wider family
- Awareness raising activities and resources
- Mental Health Champions have been trained in primary and secondary schools. A total of **24 Mental Health Champions** across the schools.
- We engaged with **over 40** young people at the borough’s first Youth Pride Event
Our Wellbeing Panel continued to thrive this year. Partners were still keen to meet on a monthly basis to allow us to maintain contact and communication channels and to help ensure that we were offering timely intervention to those young people in need. This panel acts as a ‘triage’ service for young people with lowlevel mental health issues. Referrals were initially intended for GP’s, but we have widened this to accept referrals from any partner agency. The Wellbeing Coordinator role is allowing us to streamline the Wellbeing Panel with someone dedicated to the role and also able to pick up some family work where this is felt to be the best intervention after discussion at panel. We have received **184** referrals this year and we are still picking up many of these referrals with our mentoring service. Others have been referred on to our Children Families and Wellbeing Service, ELCAS and other relevant services.
## **Your Help**
We have trained **10 new volunteers** from the local area to help with delivery of our activities. They provide one-to-one mentoring for young people, staff the school drop-in service and help with delivery of our prevention and early intervention workshops in schools. We put our volunteers through various mandatory training such as Child Protection and Safeguarding but also give them access to other training opportunities which will help them improve their employment prospects, knowledge and life skills. We offer our own inhouse bespoke mentoring training, which includes work on mental health, Trauma Informed Practice and Adverse Childhood Experiences to ensure our volunteers have in-depth knowledge of the client group they are working with and are able to assess their needs and help support them in the best way possible. We value the local knowledge that they bring to our charity, and they have a real say in shaping the services that we offer. We recognise the importance of their roles within our charity and have nominated them for various awards. We match volunteers up with young people who need help and advice around a range of issues that they might face and that potentially hold them back from accessing services and activities that they would find beneficial. Volunteers report a raised sense of wellbeing, feeling more confident in their skills and abilities and feeling like a valuable member of their community. Over 90% of people who access our training and go on to volunteer for us then go on to further education, training and employment.
Our volunteers have told us that they benefit in many ways including:
- Improving their self-confidence, knowledge and skills.
- Enhancing their CV.
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- Making them feel more ‘employment ready’ (many have progressed into employment following a period of training and volunteering with us).
- Reducing their social isolation.
- Having the opportunity to ‘give something back’ to their community.
- Feeling that they are making a difference to the lives of young people.
## **Your Choice**
Our work in schools is just one way in which we reach out to the young people who need us. We had to adapt how we deliver our mental health awareness project, Know Stigma this year due to the pandemic and extra health and safety measures introduced in schools. Rather than the one off full-day intervention that is our usual method of delivery, we worked with much smaller groups in their classroom ‘bubbles’. It was vitally important that we reached as many young people as possible with this intervention this year and we particularly focused on Year 7 students who had faced a particularly difficult transition from primary school.
Through these various prevention and early intervention workshops last year we reached **over 540 young people** in Hyndburn, not only raising awareness about different issues but also about the many agencies in our area that can help and support them. Over 88% of young people attending these sessions reported having a better knowledge of agencies that are able to offer them support. Almost 80 % of them also reported feeling that they had better coping strategies and felt less isolated as a result of attending our sessions.
We have also reached **71** young people through targeted groups in school this year, covering topics such as drugs and alcohol, healthy relationships, bullying, anxiety and resilience. We delivered careers and aspirations workshops to **74** young people this year.
## **Your Space**
One-to-one mentoring sessions offer further low-level support to those young people in need and not yet accessing it through the various specialist agencies for one reason or another. The purpose of these sessions is primarily to listen to the young person’s concerns and worries and then to offer support in accessing relevant services.
Your Space is a project that initially worked specifically with homeless young people and those who are at risk in the borough. These young people who present as homeless or are identified as at risk are those who then run a further risk of ‘disappearing’ from our communities altogether. Unfortunately, we were unable to continue providing this support due to lack of funding from the local council. This service came to an end at the end of March 2022.
However, the mentoring service continues to be available for any vulnerable young person who feels like they could use extra support. We have worked with **184 vulnerable young people** this year who have presented with issues such as low self-confidence, social isolation, anxiety and family problems. They have been matched with one of our staff or volunteers to provide support and onward referral where necessary, or taken part in specially created group work.
Whatever their circumstances, we don’t give up. We’re persistent and passionate about achieving the best possible outcomes for all we work with, as well as the family members and friends that surround them. All support offered through our projects is tailored to ensure the right support can be found in the right place at the right time.
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## **Your Network**
We’re always engaging with partners to strengthen the support services and activities on offer to young people within the local area. We’re keen to work in partnership with organisations to ensure that we’re reaching as many young people as possible and avoid duplication. We have a proven track record in being able to engage with some of the hardest to reach young people in the area.
Our Partnership meeting now takes place directly after the Wellbeing Panel and works to directly identify gaps in service, as well as develop the collaborative working and joint funding opportunities that will bridge them. There are over 40 partner organisations forming the Wellbeing Panel.
## **CHARM**
We were thrilled to bring back the CHARM event this year, celebrating the talents and achievements of young people in our area. As previously, we teamed up with Carer’s Link Lancashire and the Civic Theatre to bring the project together. Schools were fully engaged in the fundraising, planning and promotion of the event.
Each school nominated 2 young people to sit on our Forum. These 12 young people then planned and organised the awards night which took place on 6[th] February at our local theatre. As well as planning and designing the red-carpet awards night, the group also had the opportunity gain exciting experience in;
- Event Management
- Sound and lighting
- Backstage Management
- Front of House
- Design of programme for the event
- Presenting
- Design of promotional and marketing materials
The schools all held their own in-house talent event, the winner then going on to represent their school in the grand final. Alongside this, we also asked schools to nominate young people in several other categories:
- **Young Voice Award**
For a young person with a powerful voice who has changed something about their school or community that has been a benefit to others.
**Sporting Individual Award** The recipient of this award is a young person who gives 100% to their sport or activity and aspires to reach their goals.
- **Inspiration Award**
This award recognises young people who are doing something special and inspirational. We know that there are some fantastic young people out there who do challenging and amazing things and don’t always get the recognition that they deserve.
- **Young Carer Award**
The recipient of this award is a person who gives his/her time to caring for someone. This could be a family member or friend who is suffering from a long-term illness or injury. It could possibly be that they have helped someone through a difficult time in their life.
Each category was sponsored by a local business who then made up our judging panel. They also chose an overall Young Person of the Year. We engaged with over **100** young people as part of this year’s event.
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## **Impact**
As well as measuring the engagement and benefit of the activities listed above, we have objectives set out as part of our monitoring and evaluation for our Reaching Communities funding. Below is our performance against those indicators to date:
|**Outcome 1**||**Progress to date**
**(Year 1)**|**Target by end of**
**Year 3**|
|---|---|---|---|
|**a)**|People involved in
the project will report
raised awareness of
the opportunities
open to them around
education, training
and employment.|74|150|
|**b)**|People accessing the
project will have
undertaken some
form of further
education, training or
employment.|68|240|
|**Outcome 2**|Beneficiaries will
report having a
raised awareness of
positive mental
health and wellbeing
and how to look after
themselves.|520|900|
|**Outcome 3 a)**|People accessing the
project will report
having better coping
strategies and
resilience|255|500|
|**b)**|Beneficiaries will
report feeling less
isolated, more aware
of services and how
to access them.|255|300|
|**Outcome 4 a)**|The number of
volunteers trained.|10|30|
|**b)**|People involved in
the project will report
increased self-
confidence|210|300|
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The underlying principle in all of our work is to raise the aspirations of young people and inspire them to reach their full potential. We offer positive role models for young people both through our delivery teams and through our community volunteers. We encourage partner agencies to attend our activities to engage with young people that their service might not otherwise reach. We have run a number of employability sessions in schools this year along with other partner agencies to encourage young people to explore the wide range of opportunities open to them when considering further education, training and employment.
We offer a signposting service to all of our young people to any relevant services and agencies to help them to overcome any issues they may face or to offer them further help, support or guidance that they may need. We actively encourage some of the young people we work with to become peer mentors for other young people accessing our services and offer them training and support in doing this. Both our staff and volunteers understand just how unpredictable life can be. As in all our projects, we urge young people to come for help and leave with hope.
## **Financial Information and Review**
At the end of this reporting period we have £219,736 in the bank, excluding any adjustments for debtors and creditors at the year end. The charity has a total net asset of £216,471 at the year end which breaks down to £216,260 in unrestricted funds and £211 in restricted funds. Our financial forecast shows that, should we be unsuccessful in future funding bids, funds will run out in March 2025. We do not foresee any large amounts of unexpected expenditure in this time.
We do not have any deficit to funds at this point and there are provisions in our Reserves Policy (details below) should any deficit occur.
## **Principle Funding Sources**
The principle funding source for the day to day operational side of the charity comes from the Big Lottery Reaching Communities Fund. Due to the nature of this funding over the next 3 years (reducing year on year) we began charging schools for our services from September 2022. We also received further funding from UK Youth’s Thriving Minds funding to enable us to extend the contracts of our 2 Youth Workers. Funding is becoming more difficult to come by and we have put in several bids this year that have been unsuccessful. We continue to try and diversify our income streams as much as possible.
## **Plans for Future Periods**
The charity is still planning the activities and projects that form part of the new direction of work around young people’s mental health and wellbeing.
We shall continue to work with our local Children and Young People’s Trust, Community Safety Partnership, Integrated Care Board and other multi-agency organisations to help deliver on local priorities and deliver the best possible outcomes for young people in Hyndburn.
We are exploring more formal partnership working opportunities through local consortia and joint funding bids and working practices.
Through our focus groups and the Mentoring Programme, we aim to get more local young people involved in wider regional and national campaigns. A key area of focus for us over the next couple of years will be to get beneficiaries involved in social action and social enterprises to enable them to make sustainable changes to their lives and the communities that they live in.
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## **Reserves Policy**
The purpose of the operating Reserve Policy for Ynot Aspire is to ensure the stability of the mission, programs, employment, and ongoing operations of the organization. The operating Reserve is intended to provide an internal source of funds for situations such as a sudden increase in expenses, one-time unbudgeted expenses, unanticipated loss in funding, or uninsured losses. The reserve may also be used for one-time, nonrecurring expenses that will build long-term capacity, such as staff development, research and development, or investment in infrastructure. Operating Reserves are not intended to replace a permanent loss of funds or eliminate an ongoing budget gap. It is the intention of Ynot Aspire for Operating Reserves to be used and replenished within a reasonably short period of time. The Operating Reserve
Policy will be implemented in concert with the other governance and financial policies of Ynot Aspire and is intended to support the goals and strategies contained in these related policies and in strategic and operational plans.
The Operating Reserve Fund is defined as a designated fund set aside by action of the Board of Trustees. The Operating Reserve Fund will be funded with surplus unrestricted operating funds. The minimum amount to be designated as Operating Reserve will be established in an amount sufficient to maintain ongoing operations and programs for a set period of time, measured in months. The Operating Reserve serves a dynamic role and will be reviewed and adjusted in response to internal and external changes. The target minimum Operating Reserve Fund is equal to **SIX** months of average operating costs, currently estimated at £36,000. The calculation of average monthly operating costs includes all recurring, predictable expenses such as salaries and benefits, occupancy, office, travel, programme and ongoing professional services. Depreciation, in-kind, and other non-cash expenses are not included in the calculation. The calculation of average monthly expenses also excludes some expenses such as Trustee and Volunteer expenses that would not be accounted for within the predictable expenses listed above.
The amount of the Operating Reserve Fund target minimum will be calculated each year after the approval of the annual budget, reported to the Finance Committee/Board of Trustees, and included in the regular financial reports.
## **Structure, Governance and Management**
## Governing Document
The organisation is a charity established under a constitution adopted in October 2010. Our current constitution was adopted in 2012 when we became incorporated.
## Recruitment and Appointment of Trustees
Under requirements of our constitution the trustees are elected to serve for a period of 3 years after which they must be re-elected at the next Annual General Meeting. They can put themselves forward or be voted in to a position of office for a period of 12 months from each AGM and may be re-elected at those meetings.
All Trustees give their time voluntarily and receive no benefits from the charity. We seek to ensure that we maintain a broad skill mix through our selection and appointment of trustees and are always actively seeking new members and various training opportunities to enhance these skills.
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## **Risk Management**
The Trustees have conducted a major review of the major risks to which the charity is exposed as part of the piece of work commissioned to RJF Associates in 2014. A risk register has been established and is updated annually or as a new risk presents. Where appropriate we have adopted systems and procedures to minimise any major risks that the charity may face. We have health and safety policies and procedures in place to ensure compliance from all staff, volunteers, clients and visitors to the project and throughout activities. Risk assessments are carried out prior to activities and updated as necessary throughout the life of each activity. All other necessary policies and procedures are in place to ensure the safety of all those engaged in the charity and compliance with relevant legislation.
## **Organisational Structure**
The Board of Trustees meet on at least a quarterly basis and are responsible for the strategic direction and policy of the charity. The members come from a variety of professional backgrounds, bringing a wide knowledge base to the Board. The Secretary and Chief Officer are also in attendance at these meetings but have no voting rights.
The day to day running of the charity and provision of services rests with the Chief Officer. It is their responsibility to ensure that the charity delivers the specified services and that we are working towards our outcomes and targets. They also have responsibility for supervision of staff and volunteers, ensuring that they are able to access relevant training and continue to develop their skills and knowledge.
## **Accountants**
Slade & Cooper Ltd were appointed as the charity’s accountants in December 2013. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities.
Approved by the Board of Trustees and signed on its behalf by Paul Breaks(Chair).
Signature……………………………………………………
Dated:…………………….
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## **Independent examiner’s report to the trustees of Ynot Aspire**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2023 which are set out on pages 13 to 23.
## **Responsibilities and basis of report**
As the charity 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, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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
3. 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 fair view’ which is not a matter considered as part of an independent examination; or
4. 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).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jennifer Daniel FCCA DChA
Slade & Cooper Limited Beehive Mill, Jersey Street Manchester, M4 6JG
Date …………………
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## Ynot Aspire Limited
## Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2023
|Unrestricted
funds
Note
£
**Income from:**
Donations and legacies
3
50,119
Charitable activities
4
4,275
Investments
5
311
**Total income**
**54,705**
**Expenditure on:**
Raising funds
6
6,055
Charitable activities
7
4,023
**Total expenditure**
**10,078**
44,627
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**44,627**
**Net movement in funds for the year**
**167,196**
**Reconciliation of funds**
Total funds brought forward
49,064
**Total funds carried forward**
**216,260**
**Net income/(expenditure) before**
**Net income/(expenditure) for the**
**year**|Restricted
funds
£
-
138,662
-
**138,662**
-
130,460
**130,460**
8,202
**8,202**
**(114,367)**
114,578
**211**|Total funds
2023
£
50,119
142,937
311
**193,367**
6,055
134,483
**140,538**
52,829
**52,829**
**52,829**
163,642
**216,471**|_Total funds_
_2022_
_£_
_10,989_
_132,313_
_-_|
|---|---|---|---|
||||**_143,302_**|
||||_-_
_165,176_|
||||**_165,176_**|
||||_(21,874)_|
||||**_(21,874)_**|
||||**_(21,874)_**
_185,516_|
||||**_163,642_**|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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## Ynot Aspire Limited Company number 08290421
## Balance sheet as at 31 March 2023
|Note
£
£
**Current assets**
Debtors
13
2,075
Cash at bank and in hand
219,736
**Total current assets**
**221,811**
**Liabilities**
Creditors: amounts falling
due in less than one year
14
(5,340)
**Net assets**
**216,471**
**The funds of the charity:**
Restricted income funds
15
211
Unrestricted income funds
16
216,260
**Total charity funds**
**216,471**
2023|_£_
_£_
_2,586_
166,230
**_168,816_**
_(5,174)_
**_163,642_**
_114,578_
_49,064_
**_163,642_**
_2022_|_£_
_£_
_2,586_
166,230
**_168,816_**
_(5,174)_
**_163,642_**
_114,578_
_49,064_
**_163,642_**
_2022_|
|---|---|---|
|||_114,578_
_49,064_|
|||**_163,642_**|
For the year in question, the company was entitled to exemption from an audit under section 477 of the
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.
The notes on pages 15 to 23 form part of these accounts.
Approved by the trustees on __/__/2023 and signed on their behalf by:
Paul Breaks (Chair)
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Ynot Aspire Limited
Notes to the accounts for the year ended 31 March 2023
## **1 Accounting policies**
The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## **a Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The charity has applied the exemption available to small charities in the Charities SORP (FRS 102) and does not include a Statement of Cash Flows in these Financial Statements.
Ynot Aspire Limited meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **b Preparation of the accounts on a going concern basis**
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. There are no key judgments which the trustees have made which have a significant effect on the accounts.
The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.
## **c Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.
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Ynot Aspire Limited
Notes to the accounts for the year ended 31 March 2023 (continued)
## **d Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **e Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## **f Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third
- Costs of raising funds comprise the costs of commercial trading and its associated support costs.
- Expenditure on charitable activities includes the costs undertaken to further the purposes of the charity and their associated support costs.
- Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **g Tangible fixed assets**
Individual fixed assets costing £1,000 or more are capitalised at cost. The charity currently has no fixed assets.
## **h Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **i Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **j Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
16
Ynot Aspire Limited
## Notes to the accounts for the year ended 31 March 2023 (continued)
## **k Pensions**
Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 7. There were no outstanding contributions at the year end.
## **2 Legal status of the charity**
The charity is a private company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.
## **3 Income from donations and legacies**
|Donations
Charity Ball Tickets
**Total**
_Total by fund 31 March 2022_|Unrestricted
£
27,075
23,044
50,119
_10,989_|Restricted
£
-
-
-
_-_|_Total 2023_
_£_
27,075
_23,044_
_50,119_
_10,989_|_Total 2022_
_£_
_10,989_
_-_|
|---|---|---|---|---|
|||||_10,989_|
||||||
17
Ynot Aspire Limited
## Notes to the accounts for the year ended 31 March 2023 (continued)
## **4 Income from charitable activities**
|Big Lottery Fund Grant
Bowland School
Know Stigma
Wellbeing Panel NHS
Community Champion Fund
Community Foundation
Hyndburn Borough Council
UK Youth
HAF Summer Project
**Total**
**_Previous year_**
_Big Lottery Fund Grant_
_Bowland School_
_Know Stigma_
_Wellbeing Panel NHS_
_Community Champion Fund_
_Community Foundation_
_Hyndburn Borough Council_
_School workshop_
_HAF Summer Project_
**_Total_**|Unrestricted
£
_-_
_4,275_
-
-
_-_
_-_
_-_
-
-
4,275
_Unrestricted_
_£_
_-_
_6,250_
_2,000_
_-_
_-_
_-_
_-_
_720_
_720_
_9,690_|Restricted
£
90,531
_-_
_-_
23,571
-
-
4,560
20,000
-
138,662
_Restricted_
_£_
_83,196_
_-_
_-_
_19,427_
_15,000_
_-_
_5,000_
_-_
_-_
_122,623_|_Total 2023_
_£_
_90,531_
_4,275_
_-_
_23,571_
_-_
_-_
_4,560_
_20,000_
_-_|
|---|---|---|---|
||||142,937|
||||_Total 2022_
_£_
_83,196_
_6,250_
_2,000_
_19,427_
_15,000_
_-_
_5,000_
_720_
_720_|
||||_132,313_|
## **5 Income from investments**
All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted.
## **6 Cost of raising funds**
|**Cost of raising funds**|||
|---|---|---|
|Event Costs|2023
£
6,055
6,055|_2022_
_£_
_-_|
|||_-_|
All expenditure on cost of raising funds is unrestricted.
18
Ynot Aspire Limited
## Notes to the accounts for the year ended 31 March 2023 (continued)
## **7 Analysis of expenditure on charitable activities**
|Staff costs
Travel
Office equipment and website
Recruitment and training
Project costs
Rent
Telephone
Office
Professional fees
Evaluation
Restricted expenditure
Unrestricted expenditure
**8**
**Net income/(expenditure) for the year**
This is stated after charging/(crediting):
Independent examination
Accountancy
Governance costs -
Independent examination and accountancy|Total 2023
£
120,867
1,553
-
-
2,593
3,425
550
970
2,617
-
1,908
134,483
2023
£
130,460
4,023
134,483
2023
£
350
1,240|_Total 2022_
_£_
_136,543_
_6,527_
_2,833_
_515_
_3,206_
_4,289_
_1,127_
_3,012_
_851_
_4,533_
_1,740_|
|---|---|---|
|||_165,176_|
|||_2022_
_£_
_160,101_
_5,075_|
|||_165,176_|
|||_2022_
_£_
_300_
_1,150_|
19
Ynot Aspire Limited
## Notes to the accounts for the year ended 31 March 2023 (continued)
## **9 Staff costs**
Staff costs during the year were as follows:
|ff costs during the year were as follows:|||
|---|---|---|
|Wages and salaries
Social security costs
Pension costs
**Allocated as follows:**
Charitable activities|2023
£
113,550
4,893
2,424
120,867
120,867
120,867|_2022_
_£_
127,977
6,065
2,501|
|||_136,543_|
|||_136,543_|
|||_136,543_|
No employees has employee benefits in excess of £60,000. (2022: Nil).
The average number of staff employed during the period was 5. (2022: 5). The key management personnel of the charity comprise the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £43,152. (2022: £40,398).
## **10 Trustee remuneration and expenses, and related party transactions**
Neither the trustees nor any persons connected with them received any remuneration during the year (2022: Nil).
No trustee received travel and subsistence expenses during the year (2022: Nil).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2022: nil).
20
Ynot Aspire Limited
## Notes to the accounts for the year ended 31 March 2023 (continued)
## **11 Government grants**
The government grants recognised in the accounts were as follows:
|Hyndburn Borough Council|2023
£
4,560
4,560|_2022_
_£_
20,000|
|---|---|---|
|||_20,000_|
There were no unfulfilled conditions and contingencies attaching to the grants.
## **12 Corporation tax**
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
## **13 Debtors**
|Prepayments and accrued income
**14**
**Creditors: amounts falling due within one year**
Other creditors and accruals
Taxation and social security costs|2023
£
2,075
2,075
2023
£
3,092
2,248
5,340|_2022_
_£_
_2,586_|
|---|---|---|
|||_2,586_|
|||_2022_
_£_
_2,960_
_2,214_|
|||_5,174_|
21
## Ynot Aspire Limited
## Notes to the accounts for the year ended 31 March 2023 (continued)
## **15 Analysis of movements in restricted funds**
|**Current year**
Big Lottery Fund
LCC (No Way Out)
Community Foundation
Hyndburn Borough Council
Youth Worker
CCG Grant
Blackburn and Darwen Council
Awards for all
Community Champion Fund
Wellbeing Panel NHS
**_Previous year_**
_Big Lottery Fund_
_LCC (No Way Out)_
_Community Foundation_
_Hyndburn Borough Council_
CCG Grant
_Blackburn and Darwen Council_
_Awards for all_
_Community Champion Fund_
_Wellbeing Panel NHS_
_Total_|Balance at
1 April
2022
£
49,317
1,036
7,447
29,913
-
2,442
27,718
9,856
(10,134)
(3,017)
114,578
_Balance at_
_1 April_
_2021_
_£_
_72,012_
_1,036_
_9,127_
_29,865_
_2,442_
_27,718_
_9,856_
_-_
_152,056_|Income
£
90,531
-
-
-
24,560
-
-
-
-
23,571
138,662
_Income_
_£_
_83,196_
_-_
_-_
_5,000_
_-_
_-_
_-_
_15,000_
_19,427_
_122,623_|Expenditure
£
(79,913)
-
-
-
(26,519)
-
-
-
(24,028)
(130,460)
_Expenditure_
_£_
_(105,891)_
_-_
_(1,680)_
_(4,952)_
_-_
_-_
_(25,134)_
_(22,444)_
_(160,101)_|_Transfers_
_£_
_(59,724)_
_(1,036)_
_(7,447)_
_(29,913)_
_1,959_
_(2,442)_
_(27,718)_
_(9,856)_
_10,134_
_3,474_
_(122,569)_
_Transfers_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_|Balance at
31 March
2023
£
211
-
-
-
-
-
-
-
-
-|
|---|---|---|---|---|---|
||||||211|
||||||_Balance at_
_31 March_
_2022_
_£_
_49,317_
_1,036_
_7,447_
_29,913_
_2,442_
_27,718_
_9,856_
_(10,134)_
_(3,017)_|
||||||_114,578_|
## **Name of restricted fund**
## **Description, nature and purposes of the fund**
Big Lottery – this funding is over 5 years and is for the set up and running costs of the Charity, we also employ 2 full time staff from this funding.
Trailblazer (Blackburn and Darwen Council) - Trailblazer delivers a range of early intervention, conciliation and mediation services for both young people and their parents/carers that are focused on increasing skills and resilience within the family. All partners of the project will deliver a flexible response required to enable the timely use of the other temporary accommodation options or interventions. It should be noted that although the service will aim to prevent homelessness across the 14-25 age group, preventing homelessness among the age group 14-17 will be a priority because of the potential adverse effects of early homelessness and the increased safeguarding risk.
22
## Ynot Aspire Limited
## Notes to the accounts for the year ended 31 March 2023 (continued)
## **16 Analysis of movement in unrestricted funds**
|**Current year**
**_Previous year_**
General fund
**Name of**
General fund
_General fund_|Balance
at 1 April
2022
Income
Expenditure
_Transfers_
£
£
£
_£_
49,064
54,705
(10,078)
_122,569_
49,064
54,705
(10,078)
_122,569_
_Balance at_
_1 April_
_2021_
_Income_
_Expenditure_
_Transfers_
_£_
_£_
_£_
_£_
_33,460_
_20,679_
_(5,075)_
_-_
_33,460_
_20,679_
_(5,075)_
_-_
**Description, nature and purposes of the fund**
The free reserves of the charity.|As at 31
March 2023
£
216,260|
|---|---|---|
|||216,260|
|||_Balance at_
_31 March_
_2022_
_£_
_49,064_|
|||_49,064_|
||||
## **17 Analysis of net assets between funds**
|Net current assets/(liabilities)
Total|General
fund
£
216,260
216,260|Designated
funds
£
-
-|_Restricted_
_funds_
_£_
_211_
_211_|Total
£
216,471|
|---|---|---|---|---|
|||||216,471|
23