2025-03-31-accounts - Young Leicestershire Ltd

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Young Leicestershire Ltd

UNAUDITED FINANCIAL STATEMENTS For the year to 31 March 2025

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

Young Leicestershire Ltd Financial Statements for the year to 31 March 2025 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 2025 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 Duncan & Toplis Park House 37 Clarence Street Leicester LE1 3RW

Young Leicestershire Ltd Financial Statements for the year to 31 March 2025 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 2025. 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 an 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 an excess of Expenditure over Income of £26,666 (2024 £34,878 Surplus) for the year. The Trustees are satisfied that the organisation has adequate resources to continue operating as a 'Going Concern' for the foreseeable future.

The main activities and achievements of the organisation in 2024/25 were:

Diversification of infrastructure funding Continued and New Partnership working with organisations 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 2025 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 unforeseen 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 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.

Approved by the Director Trustees on …........................... and signed on its behalf by:07 July 2025

Richard Brooks Director Chairman Andrew Pearson A Pearsow Director Treasurer

Young Leicestershire Ltd Financial Statements for the year to 31 March 2025 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 2025.

Responsibilities and basis of report

As 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 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 Watt Smeth 07 July 2025

Matthew Smith FCCA for and on behalf of Duncan & Toplis Park House 37 Clarence Street Leicester Leicestershire LE1 3RW

Young Leicestershire Ltd Financial Statements for the year to 31 March 2025

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 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 Accumulated Reserves b/f Accumulated Reserves c/f	£ £ £ £ £ Unrestricted Restricted Designated Total Total Funds Funds Funds 2025 2024
	64,062 10,100 - 74,162 77,709 41,899 28,940 - 70,839 117,966 - - - - - 1,978 - - 1,978 1,881 6,975 - - 6,975 6,368
	114,914 39,040 - 153,954 203,924
	12,051 - - 12,051 12,884
	12,051 - - 12,051 12,884
	6,704 5,756 - 12,460 13,313 3,092 71 - 3,163 2,110 99,230 32,410 - 131,640 119,299 5,856 - - 5,856 5,831 243 - - 243 1,081 361 - - 361 239 1,020 - - 1,020 1,063 883 15 - 898 596 1,315 - - 1,315 610 2,463 - - 2,463 2,870 - - - - - 1,070 2,800 - 3,870 3,870 3,960 - - 3,960 3,960
	126,197 41,052 - 167,249 154,842
	1,320 - - 1,320 1,320
	139,568 41,052 - 180,620 169,046

	(24,654) (2,012) - (26,666) 34,878
	138,286 23,512 150,000 311,798 276,920
	113,632 21,500 150,000 285,132 311,798

Young Leicestershire Ltd (Company Registered No 08364771) Financial Statements for the year to 31 March 2025 Balance Sheet

		£	£	£	£	£
	Note	Unrestricted	Restricted	Designated	Total	Total
Assets		Funds	Funds	Funds	2025	2024
Fixed Assets	4	7,490	16,000	-	23,490	27,360
Current Assets
Debtors & Prepayments	6	5,342	-	-	5,342	20,183
Cash at Bank and in hand		105,110	5,500	150,000	260,610	279,472
		110,452	5,500	150,000	265,952	299,655
Less Current Liabilities
Creditors less than one year	8	(4,310)	-	-	(4,310)	(15,217)
Net Current Assets		106,142	5,500	150,000	261,642	284,438

Total Assets less Current Liabilities		113,632	21,500	150,000	285,132	311,798
Reserves
Unrestricted funds		113,632	-	-	113,632	138,286
Restricted funds	9	-	21,500	-	21,500	23,512
Designated Funds	10	-	-	150,000	150,000	150,000
Total Reserves		113,632	21,500	150,000	285,132	311,798

For the year ended 31 March 2025 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:07 July 2025

Richard Brooks Chairman Andrew Pearson A Pearsow Treasurer

Young Leicestershire Ltd Financial Statements for the year to 31 March 2025 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 £26,666 for the year ended 31 March 2025. 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 2025 Notes to the Financial Statements

2 Grants and Donations

During the year the charity received the following voluntary income

Byfords Settlement Corah Foundation The Florence Turner Trust Edith Murphy Foundation BBC Children in Need Leics Community Fund Rank Foundation Masonic Charitable Trust Co-operative Society Tollemache Charitable Trust Hearth Foundation Gosling Foundation David Wilson Foundation JCB Foundation Pall-Ex Group Charitable Foundation Haberdashers Trust LCC Shire Grant Seven Stars Foundation Charities Trust OPCC Police Crime Commissioner Wistow Model Village Wates Foundation Shoe Zone Trust Annual Golf Day Other Grants & Donations Total	£ £ £ Unrestricted Restricted Deferred Income 500 - - 850 - - 1,250 - - - - - - 3,000 - - 10,000 - - 1,000 - - 2,344 - - 2,500 - - - - - - - - - 3,000 - - 1,000 - - - 5,000 - - - - - - - - - - - 5,100 - 1,000 - - - - - 20,000 - - 11,858 5,760 - - 64,062 10,100 -	Total 2025	Total 2024
		500 850 1,250 - - 3,000 10,000 1,000 2,344 2,500 - - - 3,000 1,000 5,000 - - - 5,100 1,000 - 20,000 11,858 5,760 74,162	600 850 1,000 2,000 7,382 - - - - - 2,000 5,000 5,000 - - 2,400 3,500 1,500 200 2,852 1,000 7,000 20,000 10,560 4,865
			77,709

Young Leicestershire Ltd Financial Statements for the year to 31 March 2025 Notes to the Financial Statements

Unrestricted Funds £ 2,475 - 8,175 - - 6,400 2,643 6,358 6,824 3,200 - - 157 - 1,950 3,717	Restricted Funds £ - - - - - - - - - - - 19,000 - - -	Restricted Funds £ - - - - - - - - - - - 19,000 - - -	Deferred Income 2025 £ £ - 2,475 - - - 8,175 - - 9,940 9,940 - 6,400 - 2,643 - 6,358 - 6,824 - 3,200 - - - 19,000 - 157 - 1,950 - 3,717	Deferred Income 2025 £ £ - 2,475 - - - 8,175 - - 9,940 9,940 - 6,400 - 2,643 - 6,358 - 6,824 - 3,200 - - - 19,000 - 157 - 1,950 - 3,717	2024 £ 3,084 8,652 10,422 23,181 14,652 7,262 4,104 *6,382* *4,258* *3,600* *230* 25,500 281 2,350 4,008

41,899	19,000		9,940 70,839		117,966
		£ £ Vehicles Unrestricted Restricted 10,700 28,000 - 10,700 28,000 (2,140) (9,200) (1,070) (2,800) - (3,210) (12,000) 7,490 16,000 2025 22 £ 133,077 8,514 2,100 143,691			£ Total 38,700 -
					38,700
					- (11,340) - (3,870) - - -
					(15,210)
					-
		7,490			23,490
					2024 28 £ 122,093 8,060 2,030
				143,691	132,183

No employee received remuneration amounting to more than £60,000 in either year. The CEO Remuneration not including Pension Cost was £43,319 (2024 £41,256) Estimated number of Volunteers assisting the organisation was:

50 50

Young Leicestershire Ltd Financial Statements for the year to 31 March 2025 Notes to the Financial Statements

6 Debtors & Prepayments


Debtors & Prepayments Sundry Debtors Total	2025 2024 £ £ 5,342 20,183
	5,342 20,183

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 1,320 Unrestricted Restricted 2025 2024 1,320 - 1,320 1,320 2,635 - 2,635 2,709 - - - 9,940 355 - 355 1,248
	4,310 - 4,310 *15,217*

Short term creditors are measured at transaction price. The 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 2025.

9 Analysis of Funds

Restricted Funds - Net Current Assets

Notes Donor/Sponsor 1 Haberdashers Trust Young Carers 2 OPCC Police Crime Commissioner 3 UK Youth - County Youth Projects 4 Linder Foundation (Beaumont Leys)	Balance b/f Income Expenditure Transfers Balance c/f - 5,000 (4,500) - 500 - 5,100 (100) - 5,000 - 19,000 (19,000) - - 14,652 - (14,652) - -
	14,652 29,100 (38,252) - 5,500

Notes

1 To provide support and activities to Young Carer groups in Leicestershire.

2 Police Crime Commissioner support scheme against anti-social behaviour Beaumont Leys.

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

4 Youth Community programme to provide training guidance and support to areas with ASB matters.

Balance Sheet Fixed Assets Current Assets Current Liabilities Total	Designated Unrestricted Restricted Total Funds Funds Funds Funds - 7,490 16,000 23,490 150,000 110,452 5,500 265,952 - (4,310) - (4,310)
	150,000 113,632 21,500 285,132

10 Designated Fund

Young Leicestershire is working with local and national organisations to develop "employabiilty programmes for "neuro-diverse" and "disadvantaged" young people. The Trustees have now reviewed the plan and given the economic climate believe a more pragmatic approach is needed to provide access to employability skills. Young Leicestershire now plans to develop an existing youth centre for young people so that it can accommodate workshops and training facilities for all young people in the city and across the county. It is hoped that the facilities can be developed fully for 2026 and has maintained its designated fund of £150,000 for this purpose.

11 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 2025 and 31 March 2024. No trustee expenses have been incurred for the years ended 31 March 2025 and 31 March 2024.

Mr Andrew Pearson (Treasurer) was paid £5,796 (2024 £5,796) for providing a business accounting service

to the organisation.

12 Controlling Party

No one party has control over the company.