## **Young Leicestershire Ltd**
## **UNAUDITED FINANCIAL STATEMENTS For the year to 31 March 2022**
**Charity Reg No 1151453 (A Company limited by Guarantee 08364771)**
1
**Young Leicestershire Ltd Financial Statements for the year to 31 March 2022 Contents**
|Page 3
**Page**
Page 4/5
Page 6
Page 7
Page 8
Page 9
Page 10
Page 11
Page 12|Company Information
**Contents**
Directors Trustees' Report
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements - Accounting Policies
Notes to the Financial Statements (Continued)
Notes to the Financial Statements (Continued)
Notes to the Financial Statements (Continued)|
|---|---|
2
## **Young Leicestershire Ltd Financial Statements for the year to 31 March 2022 Company Information**
Directors & Officers Richard Brooks Andrew Pearson Tony Brader Christopher Newton Michael Elliott Address Warwick Road Whetstone Leicester LE8 6LW
Chairman Treasurer Resigned 20 September 2021 Appointed 14 October 2021 Appointed 02 February 2022
Registered Office 87 Main Street Newtown Linford Leicestershire LE6 0AF
Independent Examiner Charnwood Accountants & Business Advisors LLp The Point, Granite Way Mountsorrel Leicestershire LE12 7TZ
3
## **Young Leicestershire Ltd Financial Statements for the year to 31 March 2022 Directors Trustees' Report (1)**
The Directors, who are also trustees have pleasure in presenting their report and financial statements for the year ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ''Accounting and Reporting by Charities'' FRS 102) in preparing the annual report and financial statements of the charity.
## **Constitution**
Young Leicestershire Ltd is a charity (1151453) and a company limited by guarantee (08364771), and does not have a share capital. It is governed by its Memorandum and Articles of Association.
## **Objectives & Policies of the Charity**
## **Our Mission**
To ensure Young Leicestershire is a respected and influential voluntary organisation supporting young peoples’ services. As a registered charity we do this by aiding member groups and projects with:
∙ Strategic representation and advocacy at a regional and national level.
- ∙Collaborative and partnership work in the voluntary youth sector across the City and County.
- ∙High quality support and resources to enhance their local youth offer.
- Education and training including accredited courses for staff, volunteers and young people.
## _**How we deliver**_
Young Leicestershire works with its members to share effective practice, develop skills and improve sustainability. We do this by:
∙ Establishing, developing and maintaining effective working relationships with all members
∙ Creating and developing relevant strategic and operational partnerships across Leicester and Leicestershire
∙ Developing quality standards and improving outcomes for young people
- Investing in our programmes and marketing
## **Directors & Trustees**
Directors who have held office are also Trustees of the charity as follows
Richard Brooks (Chairman) Andrew Pearson (Treasurer) Christopher Newton (Appointed 14 October 2021 Michael Elliot (Appointed 02 February 2022 Tony Brader (Resigned 20 September 2021 )
Subject to appointments at the Annual General Meeting the directors shall appoint members and committees to control of the affairs of the organisation and may delegate any part of its duties to such committees. Without prejudice to the generality of the foregoing, the Directors powers shall include the appointment, control and dismissal of all members and staff.
## **Achievements Performance & Financial Review**
The charity reported an Excess of Income over Expenditure of £107,358 (2020 £58,234) for the year. The Trustees are satisfied that the organisation has adequate resources to continue operating as a 'Going Concern' for the forseeable future.
The main activities and achievements of the organisation in 2021/22 were:
Diversification of infrastucture funding
Provision of COVID support to Youth Organisations Continued Partnership working with organisations Delivery and training for 'Passport to Volunteering' scheme Support for Emotional Wellbeing Groups Continued growth in membership and networking meetings
## Effects of COVID-19
The organisation was closed for the majority of the financial year but continued to operate remote support services to its membership organisations. During the summer limited COVID support activities were also undertaken, thanks to local government support grants. The organisation received Gov.com Corona Virus Job Support funding of £13,231 (2021 £46,967), through the Furlough Scheme, this enabled the organisation to maintain staffing levels without the need for any redundancy. This funding has not been reported as a Restricted Fund as it supported normal staffing costs.The majority of Outreach workers in the community were able to continue in their roles as essential workers throughout COVID.
Young Leicestershire Ltd was formed on 17 January 2013, further information regarding the organisations activities can be found on the organisations website and are circulated on social media.
Copies of the Chairmans & CEO's Annual Reports can also be found on the Charities Website
4
## **Young Leicestershire Ltd Financial Statements for the year to 31 March 2022 Directors Trustees' Report (2)**
## **Reserves Policy**
The Reserve Policy agreed by the Executive Committee is to maintain Unrestricted Funds in the form of bank deposits.
## **Public Interest**
The Directors and Committees' management systems are in place to ensure that correct policies and procedures are maintained for the safe operation of activities throughout the organisation. Activities are planned which provide broad interest for all in the locality of a member group.
The Executive Committee and sub committees are committed to raise standards and safeguard young people. As part of this review, management systems are in place to ensure that correct procedures are maintained for the safe operation of activities throughout the Association. The organisation was proud to achieve its Trusted Charity Quality Mark in December 2020.
The Directors have due regard for the Charity Commissions published guidance on public benefit which the charity references in all of its activities and incorporates into its policies wherever possible.
## **Statement of Trustees Responsibilities**
The Trustees are required as a charity and under the Companies Act 2006 and Charities Act 2011 to prepare financial statements for each financial year which give a true and fair view of the affairs of the company and disclose the net income or expenditure of the charity for that period and
- select suitable accounting policies and apply them consistently
- make reasonable and prudent judgements and estimates
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business
- observe the methods and principles in the Charities SORP
The Trustees are also responsible for:
- keeping proper accounting records
- safeguarding the companys' assets
- taking reasonable steps for the prevention of fraud
## **Small Company Exemptions**
In preparing the report the directors have taken advantage of the small companys exemptions in Part 15 of the Companies Act 2006
Approved by the Director Trustees on 27 June 2022 And signed on its behalf by:
Richard Brooks Director Chairman Andrew Pearson Director Treasurer
5
## **Young Leicestershire Ltd Financial Statements for the year to 31 March 2022 Independent Examiners Report**
## **Independent Examiners Report to the Trustees**
I report to the charity trustees on my examination of the accounts for the year ended 31 March 2022 which are set out on pages 4 to 12
## **Responsibilities and basis of report**
As charity trustees of the company (and also its directors for the purposes of company law) you are reponsible for the preparation of the accounts in accordance with 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 Examiners Statement**
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Chartered Certified Accountants, which is one of the listed bodies.I have completed my examination of the accounts. 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 attenttion should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## _Signed_
_Mr S Lathwood FCCA_
_Charnwood Accountants & Business Advisors LLp The Point, Granite Way Mountsorrel Leicestershire LE12 7TZ_
Date 27 June 2022
6
## **Young Leicestershire Ltd Financial Statements for the year to 31 March 2022**
## **Statement of Financial Activities including Summary of Income & Expenditure Account**
|Note
**Incoming Resources**
Grants & Donations
2
Charitable Activities
3
Other incoming resources
Gift Aid
Investment Income
**Total Income**
**Resources expended**
**Raising Funds**
Activities
Travel & Vehicle Costs
Total
**Charitable Activities**
Salaries, Wages & Pensions
5
Business Support Services
Training
Affliations
Bank Charges
Insurance
IT & Computer Costs
Marketing & Promotion
Office Telephone & Stationery
Bad Debt (Recovery)
Depreciation
Rent
Total
**Other Costs**
Independent Examination
8
**Total Expenditure**
**Net Income/(Expenditure) for the Year**
Reallocations for restrictions removed
Net movements for the year
Accumulated Reserves b/f
Transfers
Asset Transfer
Accumulated Reserves c/f|**£**
**£**
**£**
_£_
**Unrestricted**
**Restricted**
**Total**
_Total_
**Funds**
**Funds**
**2022**
_2021_|
|---|---|
||46,799
71,764
**118,563**
_121,819_
153,398
-
**153,398**
_78,375_
3,630
-
**3,630**
_4,494_
1,067
-
**1,067**
_-_
10
-
**10**
_21_|
||**204,904**
**71,764**
**276,668**
_204,709_|
||31,867
4,457
**36,324**
_18,250_
1,485
234
**1,719**
_1,591_|
||33,352
4,691
**38,043**
_19,841_|
||91,821
22,104
**113,925**
_103,823_
5,951
-
**5,951**
_9,039_
-
-
**-**
_1,118_
180
-
**180**
_-_
246
-
**246**
_129_
659
-
**659**
_519_
1,101
-
**1,101**
_1,642_
623
125
**748**
_1,505_
2,710
-
**2,710**
_2,039_
(102)
-
**(102)**
_1,000_
120
600
**720**
_720_
3,630
-
**3,630**
_3,600_|
||106,939
22,829
129,768
_125,134_|
||1,500
-
**1,500**
_1,500_|
||**141,791**
**27,520**
**169,311**
_146,475_|
||**63,113**
**44,244**
**107,357**
_58,234_
-
-
**-**
_-_|
||**63,113**
**44,244**
**107,357**
_58,234_
155,102
18,681
**173,783**
_115,549_
3,400
(3,400)
**-**
_-_
24,400
(24,400)
**-**
_-_|
||**246,015**
**35,125**
**281,140**
_173,783_|
7
## **Young Leicestershire Ltd Financial Statements for the year to 31 March 2022 Balance Sheet**
**(Company Registered No 08364771)**
|Note
**Assets**
**Fixed Assets**
4
**Current Assets**
Stock
6
Debtors & Prepayments
7
Cash at Bank and in hand
**Less Current Liabilities**
Creditors less than one year
9
**Net Current Assets**
**Total Assets less Current Liabilities**
**Reserves**
Designated Funds
Unrestricted funds
Restricted funds
10
**Total Reserves**|**£**
**£**
**£**
**_£_**
**Unrestricted**
**Restricted**
**Total**
_Total_
**Funds**
**Funds**
**2022**
_2021_|
|---|---|
||10,700
28,000
**38,700**
_4,320_|
||-
-
**-**
13,570
-
**13,570**
_23,769_
216,385
35,125
**251,510**
_149,350_|
||229,955
35,125
**265,080**
_173,119_
(22,640)
-
**(22,640)**
_(3,656)_|
||207,315
35,125
**242,440**
_169,463_|
|||
||218,015
63,125
**281,140**
_173,783_|
||-
-
**-**
_-_
218,015
-
**218,015**
_151,502_
-
63,125
**63,125**
_22,281_|
||218,015
63,125
**281,140**
_173,783_|
For the year ended 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilitiy for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
Approved by the Trustees on 27 June 2022, and signed on its behalf by:
|Richard Brooks|Chairman|
|---|---|
|Andrew Pearson|Treasurer|
8
## **Young Leicestershire Ltd Financial Statements for the year to 31 March 2022 Notes to the Financial Statements**
## **1 Accounting Policies**
## **1.1a Basis of preparation**
The charity is a 'public benefit entity'. 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **1.1b ) Preparation of the accounts on a going concern basis**
The Charity reported a Surplus of £107,358 for the year ended 31 March 2022. The trustees are of the view, that given the Charity's reserve position, and outlook of support for the next 12 months, that the charity is a going concern.
## **1.2 Resources Expended**
Expenditure is accounted for on an accrual basis.
## **1.3 Donations and Voluntary Income**
Donations and Voluntary Income are accounted for when received.
## **1.4 Grants Receivable**
Grants for immediate expenditure are accounted for when they become receivable. Grants received for specific purposes are treated as restricted funds.
## **1.5 Grants Payable**
Grants Payable are accounted for when they are paid.
## **1.6 Allocation of Costs & Fund Accounting**
Costs have been allocated between charitable activity and governance costs Where items involve more than one fund they are apportioned between categories, and apportioned to fund based on the estimated expenditure of resource according to the nature of cost. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The aim and use of restricted funds is set out in the notes to the financial statements.
## **1.7 Fixed Assets and Depreciation**
Fixed Assets for charity use are capitalised at cost, or valuation if donated. Depreciation is calculated to write off the assets. Less their estimated residual value, over their useful lives on the following basis:
FFE Depreciation 10 years straight line basis Motor Vehicles Depreciation 10 years straight line basis
Depreciation commences in the year after purchase or commissioning
9
## **Young Leicestershire Ltd Financial Statements for the year to 31 March 2022 Notes to the Financial Statements**
## **2 Grants and Donations**
During the year the charity received the following voluntary income
|Byfords
Corah
Albert Hunt
CJRS Furlough Grant
Henry Smiths
Florence Turner
BBC Children in Need - Minibus
BBC Children in Need
Hearth Foundation
JCB Donation
Paul Hamlyn
Lathams
Leicester & Rutland Sport
MNF Charity Drive
PCC Edge
COVID - 19
Bulldog Fore Raft
Awards for All
LCFC - Make a Wish
Shoezone
**Total**|£
£
Unrestricted
Restricted
1,200
850
2,150
13,231
-
1,500
-
25,000
-
7,139
2,000
25,868
-
38,125
-
-
1,500
-
-
-
-
-
-
-
**46,799**
**71,764**|**Total**
**2022**|_Total_
_2021_|
|---|---|---|---|
|||**1,200**
**850**
**2,150**
**13,231**
**-**
**1,500**
**25,000**
**7,139**
**2,000**
**25,868**
**38,125**
**-**
**1,500**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**118,563**|_1,200_
_850_
_-_
_46,967_
_5,900_
_1,000_
_-_
_-_
_2,000_
_-_
_-_
_3,000_
_2,823_
_2,000_
_9,814_
_14,800_
_4,334_
_9,800_
_7,331_
_10,000_|
||||121,819|
10
## **Young Leicestershire Ltd Financial Statements for the year to 31 March 2022 Notes to the Financial Statements**
- **3 Charitable Activities**
||||||||
|---|---|---|---|---|---|---|
|**Charitable Activities**|||||**2022**|_2021_|
|**Youth Activities**|||||**£**|_£_|
|Barwell PC - Detached Youth Work|||||**3,000**|_-_|
|Blaby & Whetstone Youth Club|||||**3,403**|_2,358_|
|Birstall PC - Café & Youth provision|||||**7,431**|_-_|
|Countesthorpe - Detached Youth Work|||||**6,812**|_4,433_|
|St Phillips Outreach - PREVENT|||||**24,811**|_27,815_|
|Stoney Stanton PC - Youth Club|||||**4,856**|_426_|
|Sapcote PC - Youth Club|||||**3,363**|_2,236_|
|New Parks Youth Club|||||**2,065**|**_707_**|
|Oadby Youth Club|||||**2,980**|**_530_**|
|Wigston Youth Club|||||**1,435**|**_228_**|
|Centre for Youth Impact|||||**7,500**|**_2,500_**|
|UK Youth - County Youth Projects|||||**73,334**|_29,852_|
|Clarion Future Community|||||**1,407**|_-_|
|**Membership and Fundraising**|||||**-**||
|Annual Golf day|||||**6,135**|_5,865_|
|Sundry Income|||||**2,548**||
|Young Leicestershire Membership|||||**2,318**|_1,425_|
||||||**153,398**|**78,375**|
|**Fixed Assets**|||||||
||£||£||£||
||Equipment||Vehicles||Total||
||Unrestricted Restricted||Unrestricted|Restricted|Unrestricted|**Restricted**|
|Net Book value b/f|-|-|720|3,600|**720**|**3,600**|
||||||**-**|**-**|
|Additions|-|-|10,100|25,000|**10,100**|**25,000**|
||||||**-**|**-**|
|Depreciation|-|-|(120)|(600)|**(120)**|**(600)**|
|||||||**-**|
|**Net Book value c/f**|**-**|**-**|**10,700**|**28,000**|**10,700**|**28,000**|
- **4 Fixed Assets**
|**5**
**Staff costs**
**Number of employees:**
The average number of paid part-time
employees during the year were:
**Employment costs:**
Wages and salaries
Employers national insurance
Employer Pension contributions
No employee received remuneration amounting to more than £60,000 in either year.
No of Volunteers assisting the organisation was
**6**
**Stocks**
Stocks are valued at the lower of cost or market value
**7**
**Debtors & Prepayments**
Sundry Debtors
Provision for Bad Debt
Club Loans
Total
**8**
**Independent Examiners Fees**
Fees for independent examination|**2022**
_2021_
**25**
_18_
**£**
_£_
**105,695**
_96,083_
**6,651**
_6,233_
**1,579**
_1,507_|
|---|---|
||**113,925**
_103,823_|
||50
_40_
**2022**
_2021_
**£**
_£_
**Nil**
_Nil_
**£**
_£_
**13,570**
_24,769_
**-**
_(1,000)_
**-**
_-_|
||**13,570**
_23,769_|
||**£**
_£_
**1,500**
_1,500_|
11
## **Young Leicestershire Ltd Financial Statements for the year to 31 March 2022 Notes to the Financial Statements**
|**Creditors : amounts falling due within one year**
Accruals|**2022**
_2021_
**22,640**
_3,656_|
|---|---|
||**22,640**
_3,656_|
## **9 Creditors : amounts falling due within one year**
## **10 Analysis of Funds**
|**Restricted Funds - Cash**
Paul Hamlyn
Awards for All
Young Carers - Henry Smith
BBC CIN - Young Carers
BBC CIN - MiniBus
LCFC - Make a Wish
Leicester & Rutland Sport
Clothworkers
**Balance Sheet**
Fixed Assets
Current Assets
Current Liabilities
**Total**|Balance
B/F
9,800
3,400
5,481|Income
Expenditure
Assets
Transfers
Balance
C/F
38,125
(4,000)
34,125
-
(9,800)
-
-
(3,400)
-
7,139
(7,139)
-
-
25,000
(25,000)
-
-
(4,481)
-
1,000
1,500
(1,500)
-
(600)
600
-|
|---|---|---|
||**18,681**|**71,764**
**(27,520)**
**(24,400)**
**(3,400)**
**35,125**|
|||**-**
**-**
Designated
Unrestricted Restricted
**Total**
-
10,700
28,000
**38,700**
-
229,955
35,125
**265,080**
-
(22,640)
-
**(22,640)**|
|||-
218,015
63,125
**281,140**|
## **11 Transactions with Director Trustees & Related Parties**
Mr Andrew Pearson (Treasurer) was paid £5,796 (2021 £5,796) for providing a business accounting service to the organisation
## **12 Controlling Party**
No one party has control over the company
12