2023-03-31-accounts - Young Leicestershire Ltd

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Young Leicestershire Ltd

UNAUDITED FINANCIAL STATEMENTS For the year to 31 March 2023

Charity Reg No 1151453 (A Company limited by Guarantee 08364771)

Young Leicestershire Ltd Financial Statements for the year to 31 March 2023 Contents

Page 12 Page 11 Page 9 Page 10 Page 8 Page 6 Page 7 Page 4/5 Page 3 Page	Notes to the Financial Statements (Continued) Notes to the Financial Statements (Continued) Notes to the Financial Statements - Accounting Policies Notes to the Financial Statements (Continued) Balance Sheet Independent Examiners Report Statement of Financial Activities Directors Trustees' Report Company Information Contents

Young Leicestershire Ltd Financial Statements for the year to 31 March 2023 Company Information

Directors & Officers Richard Brooks Chairman Andrew Pearson Treasurer Christopher Newton Trustee Michael Elliott Trustee Address Warwick Road Whetstone Leicester LE8 6LW

Registered Office 87 Main Street Newtown Linford Leicestershire LE6 0AF

Independent Examiner torr waterfield Park House 37 Clarence Street Leicester LE1 3RW

Young Leicestershire Ltd Financial Statements for the year to 31 March 2023 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 2023. 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 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 Michael Elliot

Directors & Trustees

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.

Recruitment and appointment of new trustees

The trustees identify suitable candidates who are then invited to join trustee meetings as observers for a short period of time. The primary requirements for suitability are being a natural person over the age of 16 with an expectation of being a member of the organisation of Young Leicestershire and already and active participant. After this, any candidates who would wish to serve as trustees are considered by the current trustees and appointment following the necessary approvals. All new trustees are provided with a copy of the Constitution, and details of their responsibility as a Trustee, Rules of the Organisation, together with a copy of the latest accounts and any other past minutes or further information they may require.

Achievements Performance & Financial Review

The charity reported a deficit of Income over Expenditure of £4,220 (2022 £107,357 Surplus) 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 2022/23 were:

Diversification of infrastucture funding Continued and New Partnership working with organisations Delivering support for 'PREVENT' scheme helping to deliver positive relationships Support for Mental Health and Emotional Wellbeing groups Workshops for Young People to help with Employment skills Continued growth and support for membership organisations

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.

Young Leicestershire Ltd Financial Statements for the year to 31 March 2023 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 to meet any unforseen circumstances, equivalent to not less than 3 months to meet the organisations contractual obligations.

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 company 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.

26 June 2023 Approved by the Director Trustees on …........................... and signed on its behalf by:

Richard Brooks Director Chairman Andrew Pearson Director Treasurer

Young Leicestershire Ltd Financial Statements for the year to 31 March 2023 Independent Examiners Report

Independent examiner's report to the trustees of Young Leicestershire Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.

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 charity'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

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:

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.

Signed Date 26 June 2023

Peter Morris FCA for and on behalf of torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW

Young Leicestershire Ltd Financial Statements for the year to 31 March 2023

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 Salaries & Wages - Fund Raiser 5 Total Charitable Activities Activities Travel & Vehicle Costs 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 7 Total Expenditure Net Income/(Expenditure) for the Year Reallocations for restrictions removed Net movements for the year Accumulated Reserves b/f Accumulated Reserves c/f	£ £ £ £ Unrestricted Restricted Total Total Funds Funds 2023 2022
	62,186 21,111 83,297 124,698 53,825 47,918 101,743 147,263 400 - 400 3,630 1,223 - 1,223 1,067 908 - 908 10
	118,542 69,029 187,571 276,668
	- 12,088 12,088 -
	- 12,088 12,088 -
	9,129 23,490 32,619 36,324 3,742 9 3,751 1,719 62,687 60,443 123,130 113,925 6,011 - 6,011 5,951 - - - - - - - 180 248 - 248 246 994 - 994 659 919 - 919 1,101 306 - 306 748 2,575 - 2,575 2,710 - - - (102) 1,070 2,800 3,870 720 3,960 - 3,960 3,630
	91,641 86,742 178,383 167,811
	1,320 - 1,320 1,500
	92,961 98,830 191,791 169,311
	25,581 (29,801) (4,220) 107,357 - - - -
	25,581 (29,801) (4,220) 107,357 225,415 55,725 281,140 173,783
	250,996 25,924 276,920 281,140

Young Leicestershire Ltd (Company Registered No 08364771) Financial Statements for the year to 31 March 2023 Balance Sheet

Note Assets Fixed Assets 4 Current Assets Debtors & Prepayments 6 Cash at Bank and in hand Less Current Liabilities Creditors less than one year 8 Net Current Assets Total Assets less Current Liabilities Reserves Unrestricted funds Restricted funds 9 Total Reserves	£ £ £ £ Unrestricted Restricted Total Total Funds Funds 2023 2022
	9,630 21,600 31,230 38,700
	22,481 - 22,481 13,570 224,707 7,176 231,883 251,510
	247,188 7,176 254,364 265,080 (5,822) (2,852) (8,674) (22,640)
	241,366 4,324 245,690 242,440

	250,996 25,924 276,920 281,140
	250,996 - 250,996 218,015 - 25,924 25,924 63,125
	250,996 25,924 276,920 281,140

For the year ended 31 March 2023 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 trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

Approved by the Trustees on …................ and signed on its behalf by:26 June 2003

Richard Brooks	Chairman
Andrew Pearson	Treasurer

Young Leicestershire Ltd Financial Statements for the year to 31 March 2023 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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements as permitted by FRS 102

the requirements of Section 7 Statement of Cash Flows

1.1b Preparation of the accounts on a going concern basis

The Charity reported a deficit of £4,220 for the year ended 31 March 2023. 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 and has been classified under headings that aggregate all costs related to that category. Where costs cannot be directly attributed to particular headings, costs have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure and it is probable that a transfer of economic benefit will be required in settlement of the obligation, and can be reliably measured.

1.3 Donations and Voluntary Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to funds and it is probable that the income will be received and the amount can be measured reliably. 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 & Restricted 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

Young Leicestershire Ltd Financial Statements for the year to 31 March 2023 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 Florence Turner BBC Children in Need - Minibus BBC Children in Need Hearth Foundation Leics Comm Fund SEND Oakland Foundation SEND Hedley Foundation SEND JCB Donation Maurice Thompson Trust Charities Trust Paul Hamlyn Leicester & Rutland Sport PCC Edge Wates Foundation Shoezone Annual Golf Day Other Grants & Donations Total	£ £ Unrestricted Restricted 1,250 - 850 - - - - - 2,000 - - - - 7,759 - - - 4,500 - 3,000 - 3,000 3,000 - 750 - 1,000 - - - - - - 2,852 7,000 - 30,000 - 11,350 - 4,986 - 62,186 21,111	Total 2023	Total 2022
		1,250 850 - - 2,000 - 7,759 - 4,500 3,000 3,000 3,000 750 1,000 - - 2,852 7,000 30,000 11,350 4,986 83,297	1,200 850 2,150 13,231 1,500 25,000 7,139 2,000 - - - 25,868 - - 38,125 1,500 - - - 6,135
			124,698

Young Leicestershire Ltd Financial Statements for the year to 31 March 2023 Notes to the Financial Statements

Unrestricted £ 2,500 3,647 14,486 7,763 - 6,442 4,761 3,859 3,304 2,112 - 400 120 - - 1,931 2,500	Funds 2023 £ £ - 2,500 - 3,647 - 14,486 - 7,763 23,361 23,361 - 6,442 - 4,761 - 3,859 - 3,304 - 2,112 6,500 6,500 - 400 - 120 18,057 18,057 - - - 1,931 - 2,500	Funds 2023 £ £ - 2,500 - 3,647 - 14,486 - 7,763 23,361 23,361 - 6,442 - 4,761 - 3,859 - 3,304 - 2,112 6,500 6,500 - 400 - 120 18,057 18,057 - - - 1,931 - 2,500	2022 £ 3,000 3,403 7,431 6,812 24,811 4,856 3,363 *2,065* *2,980* *1,435* *7,500* - - 73,334 1,407 2,548 2,318
53,825	47,918 101,743		147,263
			£ Total 45,900 (7,200)
			38,700
			- (7,200) - (3,870) - 3,600 -
			(7,470)
			-
			31,230
			2022 25 £ 106,185 6,233 1,507
		135,218	113,925
		50	50

Young Leicestershire Ltd Financial Statements for the year to 31 March 2023 Notes to the Financial Statements

6 Debtors & Prepayments


Debtors & Prepayments Sundry Debtors Total	2023 2022 £ £ 22,481 13,570
	22,481 13,570

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective rate of interest, less any impairment.

7 Independent Examiners Fees Fees for independent examination 8 Creditors : amounts falling due within one year Accruals Taxation and Social Security Deferred Income Other Creditors	£ £ 1,320 1,500 Unrestricted Restricted 2023 2022 1,320 - 1,320 1,500 2,196 - 2,196 2,275 - 2,852 2,852 - 2,306 - 2,306 18,865
	5,822 2,852 8,674 *22,640*

Short term Creditors are measured at transaction price. Ther financial liabilities including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost using the effective rate of interest method. Deferred Income represents grant income where performance related conditions were not met as at 31 March 2023.

9 Analysis of Funds

Notes Restricted Funds - Net Current Assets 1 Paul Hamlyn 2 BBC Children in Need 3 SEND - various 4 PCC Edge 5 PREVENT 6 Centre for Youth Impact 7 UK Youth - County Youth Projects	Balance b/f Income Expenditure Assets Transfers Balance c/f 34,125 - (34,125) - - - - 7,759 (8,063) - - (304) - 10,500 (6,000) - - 4,500 - 2,852 (2,724) - - 128 - 23,361 (23,361) - - - - 6,500 (6,500) - - - - 18,057 (18,057) - - -
	34,125 69,029 (98,830) - - 4,324

Notes 1 Support for Mental Health and Emotional Wellbeing groups. 2 To provide support and activities to Young Carer Groups in Leicestershire. 3 Organise support activities for Community Groups with disabled/disadvantaged.

4 Police Crime Commissioner support scheme against anti-social behaviour.

5 To develop an awareness of and relationships with communityorganisations to support of the Prevent programme. 6 Provide information and guidance for Youth needs and aspirations.

7 County Youth projects aimed at providing resource and support activities through a range of activities.

Balance Sheet Fixed Assets Current Assets Current Liabilities Total	Designated Unrestricted Restricted Total - 9,630 21,600 31,230 - 247,188 7,176 254,364 - (5,822) (2,852) (8,674)
	- 250,996 25,924 276,920

10 Transactions with Director Trustees & Related Parties

None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity for the years ended 31 March 2023 and 31 March 2022. No trustee expenses have been incurred for the years ended 31 March 2023 and 31 March 2022.

Mr Andrew Pearson (Treasurer) was paid £5,796 (2022 £5,796) for providing a business accounting service to the organisation.

11 Controlling Party

No one party has control over the company.