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:
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: 04 December 2024
12
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:
- 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 24 form part of these accounts.
Approved by the trustees on 11/ 11/ 2024 and signed on their behalf by:
Paul Breaks (Chair)
14
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