ASPIRE Report and Financial Statements For the Year Ended 31st March 2024 Charity Number 1150198 Company Number 08290421
Ynot Aspire Ltd Reference and administrative information for the year ended 31st March 2024 Charity Name: Ynot Aspire Ltd Charity Registration Number: 1150198 Company Number: 8290421 Registered Off ice: St James, Old School Cannon Strt Accrington BB5 2ER Trustees: Mr Paul Breaks Mrs Gillian Cookson Miss Sarah Mccrossan Miss Jade Hargreaves John McGregor Chair (appointed (25110119, elected as Chair 05105120) Treasurer (appointed 0210312017, re-elected 04110121) (appointed 25110118) (appointed 25110119) (appointed 17110122) Secretary: Mrs Julie Wilkins Chief Officer: Mrs Sharon Hendrie Accountants". Slade & Cooper Ltd. Jersey Street, Ancoats, Manchester, M4 6JG Sol icitors: Dickson Haslam, 12 Chapel Street. Preston, PR18BU Banking: CAF Bank, 25 Kings Hill Avenue, Lings Hill, West Malling, Kent, ME19 4JQ
Ynot Aspire Ltd Trustees, annual report for the year ended 31st March 2024 Our aims and objectives Pu ose and vision Our charities purposes as set out in the objects in our constitution are lo- 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., bl 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 Ensurin our work delivers our aims We review our aims, objectives. and activities regularty 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 thal 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 wod( and it's apparent that our focus needs to remain on prevention and early intervention around young people'5 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 conlinued 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 reflectNe 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.
Ynot Aspire Ltd Trustees, annual report for the year ended 31st March 2024 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 wilh 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 Ihe biggest gap in service is around prevention and early Intervention work addressing young people's mental heatth and wellbeing. This will, therefore, remain the focus and direction that our work will lake in the coming years. We have worked extensively wtth partners and focus groups ofyi)ung people to shape the projects and provide timely effective intervention to our beneficiaries. How our acttvities 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 seNice 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 boltom 10/0 of Super Output Areas nationally. Ilndex of Multiple DeprNation 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. Employmenl orTraining}, 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 lo 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 al 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. Detailed below are our main areas of charitable activity and outlines of those who have benefitted from our work in the last 12 months.
Ynot Aspire Ltd Trustees, annual report for the year ended 315t March 2024 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. Our Wellbeing Panel continued to thrive Ihis 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 low- level 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 al panel. We have received 235 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 Hel We have trained 6 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 drop4n service and help with delivery of our prevention and early intervenlion workshops in schools. We put oui 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 in- house bespoke mentoring Iraining, which includes work on mental health. Trauma Informed Practice and Adverse Childhood Experiences to ensure our volunteers have in4epth 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 bnng to our charity, and they have a real say 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 seNices 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 /0 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. Making them feel more -employment ready, (many have progressed into employment following a period of training and volunteerin9 With us). Reducing their social isolation. Having the opportunity to 'give something back, to their community.
Ynot Aspire Ltd Trustees. annual report for the year ended 31st March 2024 Feeling that they are making a difference to the lives of young people. We also attended a UCLAN volunleering and careers event, engaging 89 students. 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 inleNention this year and we particularly focused on Year 7 students who had faced a particularly dtrricult transition from primary school. Through these various prevenlion and early intervention workshops last year we reached over 450 young people in Hyndburn, nol only raising awareness about different issues but also ai)out the many agencies in our area that can help and support them. Over 880/0 of young people attending these sesslons reported having a belter knowledge of agencies that are able to offer them support. Almosl 80 0/0 of Ihem also reported feeling that Ihey had better coping strategies and felt less isolated as a result of attending our sessions. We have also reached 66 young people Ihrough targeted groups in school this year, coverrng topics such as drugs and alcohol. healihy relationships. bullying, anxiety and resilience. We delivered careers and aspirations workshops to 22 young people this year. We have also delivered a range of assemblies in schools this year on topics such as mental health and child exploitation. Through these assemblies. we've reached 640 young people this year. We have attended a number of parents evening this year. raising awareness with parents around mental health and wellbeing, engaging around 160 parents and carers. Your S ace 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 reasori or another. The purpose of these sessions is prirnarily to listen to Ihe 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 your)g people and those who are al risk in the borough. These young people who present as homeless or are identified as al 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 235 vulneTable 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 peT5iStent and passionate about achieving the best possible outcomes for all we work wth, 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 Ihe right place at the right time.
Ynot Aspire Ltd Trustees, annual report for the year ended 31st March 2024 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 lo engage with some of the hafdest to reach young people in the area. Our Partnership meeting now lakes pla difecuy 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. We have also held a number of consultations with partners and engaged with over 91 organisations through this work. We are working with a range of local partners on The Hyndburn Way Project. Through this, two of our staff have undertaken a System Leadership course, which has proven to be really valuable. The Hyndburn Way Project seeks to engage communities to increase health enabling behaviours and health Sileracy, building on new arrangements to ensure that referrals, communications and services are efficient, person-centred and outcomes driven. 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 secondary schools in the borough 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 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 Ihen 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 1000/0 to their sport or activity and aspires to reach their goals. Inspiration Award
Ynot Aspire Ltd Trustees, annual report for the year ended 31st March 2024 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 desee. Young Carer Award The recipient of this award is a person who grves hislher time to caring for someone. This could be a family member or friend who is suffering from a long-tenn 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 ourjudging panel. They also chose an overall Young Person ofthe Year. We engaged with over 100 young people as parl ofthis year's event.
Ynot Aspire Ltd Trustees, annual report for the year ended 31st March 2024 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 perforfnance against those indicators to date: Outcome Progress to date Year 2 Target by end of Year 3 People involved in the project will report raised awareness of the opportunities open to them around education. training and em lo ent. People accessing the project will have undertaken some form of further education. training or employment. Beneficiaries will report having a raised awareness of positive mental health and wellbeing and how to look after themselves. People accessing the project will report having better coping strategies and resilience Beneficiaries will report feeling less isolated, more aware of setvices and how to access them. The number of volunteers trained. People involved in the project will report increased self- confiden 106 150 b) 134 240 Outcome 2 946 900 Outcome 3 a) 490 500 b) 255 300 Outcome 4 a} 16 30 b) 369 300
Ynot Aspire Ltd Trustees, annual report for the year ended 31st March 2024 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 Ihrough our community volunteers. We encourage parlner 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 lo 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 menlors 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 Al the end of this reporting period we have £283,455 in the bank, excluding any adjuslments for debtors and creditors at the year end. The charity has a total net asset of £278,446 at the year-end which breaks down ta £269,236 in unrestricted funds and £9,210 in restricted funds. Our financial forecast shows that, should we be unsuccessful in future funding bids, funds will run out in March 2027. 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 Idetails be5owl should any deficit occur. Princi le Fu ndin Sources The principle funding source for the day to day OpeIl0nal 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 yearl 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 becorning more dtfficult 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. Plan5 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 heallh and wellbeing. We shall continue to work with our local Children and Young People's Trust, Community Safely Partnership, Integrated Care Board and other multi-agency organisalions to help deliver on local priorities and deliver the best possible outcomes for young people in Hyndbum. We are exploring more formal partnership working opportunilies 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
Ynot Aspire Ltd Trustees, annual report for the year ended 31st March 2024 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. 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 opefating Reserve is inlended to provide an internal source of funds for situations such as a sudden increase in expenses, one-time unbudgeted expenses, unanticipated loss in funding, (K 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 ReseNes are nol 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 ReseNe 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 seNices. 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 CommrtteelBoard of Trustees, and included in the regular financial reports. Structure. Goveman¢e and Management Governin Document The organisation is a charity eslablished under a CSlittion adopted in October 2010. Our current constitution was adopted in 2012 when we became incorporated. Recruitment arbd A ointment 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 nexi Annual General Meetin9. 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. 10
Ynot Aspire Ltd
Trustees’ annual report
for the year ended 31[st] March 2024
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: 11/11/2024
11
Independent examiner’s report
to the trustees of
Ynot Aspire Ltd
I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2024 which are set out on pages 13 to 24.
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:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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: 04 December 2024
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Ynot Aspire Limited Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2024 Unrestricted funds Restricted funds Total funds 2024 Total funds 2023 Note Income from: Donations and legacies 29,944 29,944 50,119 Cha ritable activities 57,219 118,043 175,262 142,937 Investments 553 553 311 Total income 87,716 118,043 205,759 193,367 Expenditure on: Raising funds 10,940 10,940 6, 055 Charitable activities 17,212 115,632 132,844 134,483 Total expenditure 28,152 115,632 143,784 140,538 Net income/(expenditure) before 59,564 2,411 61,975 52,829 Net income/(expenditure) for the year 59,564 2,411 61,975 52,829 Net movement in funds for the year 52.976 8,999 61,975 52,829 Reconciliation of funds Total funds brought forward 216,260 211 216,471 163,642 Total funds carried forward 269,236 9,210 278,446 216,471 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 13
Ynot Aspire Limited Company number 08290421
Balance sheet as at 31 March 2024
| Note £ £ Current assets Debtors 13 83 Cash at bank and in hand 283,455 Total current assets 283,538 Liabilities Creditors: amounts falling due in less than one year 14 (5,092) Net assets 278,446 The funds of the charity: Restricted income funds 15 9,210 Unrestricted income funds 16 269,236 Total charity funds 278,446 2024 |
£ £ 2,075 219,736 221,811 (5,340) 216,471 211 216,260 216,471 2023 |
£ £ 2,075 219,736 221,811 (5,340) 216,471 211 216,260 216,471 2023 |
|---|---|---|
| 216,471 | ||
| 211 216,260 |
||
| 216,471 |
For the year in question, the company was entitled to exemption from an audit under section 477 of the
Directors' responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
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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 24 form part of these accounts.
Approved by the trustees on 11/ 11/ 2024 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 2024 Accounting policies The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the prepa ration of the fina ncial 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 condition5 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 d isclosed if material. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met. 15
Ynot Aspire Limited Notes to the accounts for the year ended 31 March 2024 (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 2024 (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. 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 l. Income from donations and legacies Total 2024 Total 2023 Donations Charity Ball Tickets 6,816 23,128 27,075 23,044 Total 29,944 50,119 All income from donations and legacies are unrestricted. 17
Ynot Aspire Limited Notes to the accounts for the year ended 31 March 2024 (continued) Income from charitable artivities Unrestricted Restricted Total 2024 Accrington Academy Big Lottery Fund Grant Mount Carmel Wellbeing Panel NHS (Hyndburn PCN) Hyndburn Academy Hyndburn Leisure The Hollins UK Youth Other 7,527 7,527 79,061 7,695 18,982 7,684 9,000 14,997 20,000 10,316 79,061 7,695 18,982 7,684 9,000 14,997 20,000 10,316 Total 57.219 118,043 175,262 Previous year Unrestricted Restricted Total 2023 Big Lottery Fund Grant Bowland School Know Stigma Wellbeing Panel NHS Community Champion Fund Community Foundation Hyndburn Borough Council School workshop HAF Summer Project 90,531 90.531 4,275 4,275 23,571 23, 571 4,560 20,000 4,560 20,000 Total 4.275 138,662 142,937 Income from investments All of the charity's investment income arises from money held in interest bearing deposit accounts. All investment income is unrestricted. Cost of raising funds 2024 2023 Event Costs 10,940 6, 055 10,940 6,055 All expenditure on cost of raising funds is unrestricted. 18
Ynot Aspire Limited Notes to the accounts for the year ended 31 March 2024 (continued) Analysis of expenditure on charitable activities Total 2024 Total 2023 Staff costs Travel Project costs Rent Telephone Office Professional fees Governance costs Independent examination and accountancy 114,358 679 8,119 3,623 603 2,944 526 120,867 1,553 2,593 3,425 550 970 2.617 1,992 1,908 132.844 134,483 2024 2023 Restricted expenditure Unrestricted expenditure 115,632 17.212 130,460 4, 023 132,844 134,483 Net income/(expenditure) for the year This is stated after chargingl(crediting): 2024 2023 Independent examination Accountancy 360 1,300 350 1,240 19
Ynot Aspire Limited Notes to the accounts for the year ended 31 March 2024 (continued) staff costs staff costs during the year were as follows: 2024 2023 Wages and salaries Social security costs Pension costs 103,992 7,339 3,027 113,550 4,893 2,424 114,358 120,867 No employees has employee benefits in excess of £60,000. (2023.. Nil). The average number of staff employed during the period was 5. (2023: 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 £43,866. (2023: £43, 152). 10 Trustee remuneration and expenses, and related party transactions Neither the trustees nor any persons connected with them received any remuneration during the year (2023.. Nil). No trustee received travel and subsistence expenses during the year (2023- 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 (2023: nil). 20
Ynot Aspire Limited Notes to the accounts for the year ended 31 March 2024 (continued) 11 Government grants The government grants recognised in the accounts were as follows: 2024 2023 Hyndburn Borough Council 4,560 4,560 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 I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are app lied to its charitable objects. No tax charges have arisen in the charity. 13 Debtors 2024 2023 Prepayments and accrued income 83 2,075 83 2.075 14 Creditors: amounts falling due within one year 2024 2023 Other cred itors and accruals Taxation and social security costs 2,929 2,163 3,092 2,248 5,092 5,340 21
Ynot Aspire Limited Notes to the accounts for the year ended 31 March 2024 (continued) 15 Analysis of movements in restricted funds Balance at l April 2023 Balance at 31 March 2024 Current year Income Expenditure Transfers Big Lottery Fund Youth Worker Wellbeing Panel NHS 211 79.061 20,000 18,982 (73,381) {16,681) (25,570) 5,891 3,319 6,588 211 118,043 (115,632) 6,588 9,210 Balance at l April 2022 Balance at 31 March 2023 Previous year Income Expenditure Transfers Big Lottery Fund LCC (No Way Out) Community Foundation Hyndburn Borough Council Youth Worker CCG Grant Blackburn and Darwen Council Awards for 311 Community Champion Fund Wellbeing Panel NHS 49,317 1,036 7,447 29,913 90,531 (79,913) (59, 724) (1,036) (7,447) (29,913) 1,959 (2,442) (27,718) (9,856) 10,134 3,474 211 24,560 (26,519) 2,442 27.718 9,856 (10,134) (3,017) 23, 571 (24,028) Total 114,578 138,662 (130,460) (122,569) 211 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 Charityi we also employ 2 full time staff from this funding. 22
Ynot Aspire Limited Notes to the accounts for the year ended 31 March 2024 (continued) 16 Analysis of movement in unrestricted funds Balance at l April 2023 Asat31 March 2024 Current year Income Expenditure Transfers General fund 216,260 87,716 (28,152) (6,588) 269,236 216.260 87.716 (28,152) (6,588) 269,236 Balance at l April 2022 Balance at 31 March 2023 Previous year Income Expenditure Transfers General fund 49.064 54. 705 (10,078) 122,569 216,260 49,064 54. 705 (10,078) 122,569 216,260 Name of Description, nature and purposes of the fund General fund The free reserves of the charity. 17 Analysis of net assets between funds General fund Designated funds Restricted funds Tota I Net current assets/{liabilities) 269.236 9,210 278,446 Total
REFI
9,210
REF!
18 Reconciliation of net movement in funds to net cash flow from operating activities 2024 2023 Net income/(expenditure) for the year Adjustments for: Decrease/{increase) in debtors Increasel(decrease) in cred itors 61,975 52,829 1,992 (248) (2,327) (13,849) Net cash provided by/(used in) operating activities 63,166 36,342 23
Ynot Aspire Limited Notes to the accounts for the year ended 31 March 2024 (continued) 19 Prior year Statement of Financial Activities Unrestricted funds Restricted funds Total funds 2023 Total funds 2022 Income from: Donations and legacies 50,119 50,119 10,989 Charitable activities 4,275 138,662 142.937 132,313 Investments 311 311 Total income 54,705 138,662 193,367 143,302 Expenditure on: Raising funds 6,055 6,055 Charitable activities 4,023 130,460 134,483 165,176 Total expenditure 10,078 130,460 140,538 165,176 Net income/{expenditure) before 44,627 8,202 52,829 (21,874) Net income/lexpenditure) for the year 44,627 8,202 52,829 (21,874) Net movement in funds for the year 167,196 (114,367) 52,829 (21,874) Reconciliation of funds Total funds brought forward 49.064 114.578 163,642 185,516 Total funds carried forward 216,260 211 216,471 163,642 24