YOUTH AID COUNCIL Charlty No. 1154347 Trustees. Report and Unaudited Accounts 20 December 2024
YOUTH AID COUNCIL Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 2to6 Balance Sheet Statement of Cash flows 16 Notes to the Accounts IOto15 Detailed Statement of Financial Activities 17to18 Page I
YOUTH AID COUNCIL Trustees Annual Report The trustees present their report with the unaudited financial statements of the charity for the year ended 20 December 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1154347 Principal Office 241-251 Ferndale Road, Unit 203 London SW9 8BJ Trustees The following trustees served during the year: K.C. Adiko B. Degbedji M.F. Diomande V.A. Sangare Accountants Chessons Accountant Office 201, Access self Storage 3 Stanton way London SE26 5FU OBJEcfivES AND AcllviTIES One of the primary purposes of Youth Aid Council is to help prevent or relieve extreme poverty or financial hardshipof young people in need. This is done by providing or assisting in the provision of education, training and healthcare projects and schemes and all necessary support to individuals. The support of Youth Aid Council is designed to enable individuals to generate a sustainable income in order to be self-sufficient in their communities. Page 2
YOUTH AID COUNCIL Trustees Annual Report Our Vision. To end hunger and poverty in the United Kingdom Our Mission Our mission is to bring communities together and help bring an end to hunger and poverty in the UK by providing compassionate, practical help with dignity whilst challenging injustice. To provide disable children families with as much free services as possible. We are the link between these families and the organisations instrumental in improving the qualrty of life for disabled children. Our Goals Young people can access support in their local community or online. Young people are motivated, self-aware, receptive, resilient. responsible, confident and good communicators. Young people can engage with training, volunteering and employment. We strive for more food for everyone. Put an end to poverty in United Kingdom. We seek avenues for as much help as we can provide to the disabled. ACHIEVEMENTS AND PERFORMANCE Achievement and performance Our outdoor activities apprenticeship continues to be a great success. This year we changed our approach because of the cost of living. We run the programme to better integrate it into the activities team and number of our apprentices who completed the programme were successfully employed by 21 Business In permanent roles on completion of their course. We also hosted several work experience opportunities, including some students, giving young people the opportunity to shadow staff, develop their employability and life skills, and gain a greater understanding of how a national business and charity operates. Remote lessons We work with children and family to support them with their education and their social wellbeing. We guide them so that they can become responsible citizen and participate posttively in their community when times ar challenging {cost of living). Food Bank The Foodbank Initiative was launched in 2016. The number of people fed by Foodbank has greatly increased from 958 in 2017, to 6,500 in 2022 because of the Cost of Living. The Foodbank also undertook several supermarket collections (Tesco and Cooperatives, -) In 2023, we collected a total of 55258kg,in 2024,we collect 75259 Kg . Further donations from Supermarkets, Fareshares businesses, individuals and charities, added a further 55,250kg, taking the total forthe yearto 130,509 kg of food hampers distributed to the needy in our local venue. We provide emergency food, seven days a week because of the cost of living, and pratical SUPPDrt to help people cope in a crisis, as well as giving advice and signposting to other agencies able to sofve the longer-term problem. We are still hoping to secure funding for Foodbank because of living cost crisis. We have in our waiting liste more than 145 hundred young people and family who need help because the cost of living . Homeless We Started our together Mutual support Group with 45 youth and bythe end of July, we reached 65 youth. We delivered 36 sessions, ran weekly meetings and workshops. The sessions helped us to reduce isolations and we can also see sign5 of improved self-confidence. Page 3
YOUTH AID COUNCIL Trustees Annual Report Care for the Disabled We provided free services to 71 disabled children families. We gave online advice and guidance to 65 families. After School We ran a 12 months after-school course in the boroughs of Lambeth and Lewisham . We helped 96 young people with their school homework every Saturday. Employment Program Our employment program aims at helping people with their CVS, cover letter, interviews and job experience. Throughout the year, we were able to get 78 youths into employment to help them meet the Cost of Living crisis. Leadership skills We run leadership workshop for 7 months, to teach 78 Young people148 from Lambeth Borough and 18 young people Southwark 12 from the Lewisham Borough) to become responsible citizens and role models in their communities. Youth Sport: youth Sport project engaged 25 disadvantaged youths in activities aimed at empowering them, building up their self-esteem and teamwork abilities. We were able to refer twelve youths to various football teams where they are currently hoping for professional levels. Black Community Day Youth Aid Council has organised one sessions of Health promotion for people in the Black Community in Brixton and Lewisham, which was a search for reaction regarding the approach to health issues suitable in the area (Lambeth Borough and lewisham). Cost of living The management team has taken a robust approach to the cost of living crisis to ensure our office remain open for the young people and family. We provide the daily help (electricity ,gas and water bills) As a frontline provider to some of the most vulnerable young people affected by the impact of the cost of living crisis, Youth Aid Council has taken optimal advantage of a range of new funding opportunities available during the crisis in the form of grants from both statutory and philanthropic funders, who have acknowledged the critical role organisations such as Youth Aid Council have and will continue to play as the broader impact of the crisis in the economy becomes clearer. We anticipate higher demand for our services over the coming months and years because of the impact of the crisis. Regarding non-financial risks, the charity has robust policies and procedures in pla, which are reviewed and updated annually. These are relevant to all our staff and readily available by way of printed documents held at each centre and soft copies held on our server. The charity's key non-financial risk is the safety and wellbeing of those it is caring for and the staff. To mitigate this risk, a comprehensive set of policies and procedures have been put in place and are included in the staff handbook glven to all, on joining Youth Aid Council. These are constantly monitored to ensure that the safety and wellbeing of the staff is upheld. Copies of the handbook are also held by each volunteers and soft copies are available to the staff and trustees. FINANCIAL REVIEW The charity has been able to secure funding to enable it to meet its objectives for at least a year from the date of approval of this report. The charity had income for the year is £86,831.42 Page 4
YOUTH AID COUNCIL Trustees Annual Report RESERVE POLICY: The charity aims to hold £24,750.00 in reserve for contingencies such as fund foryouth projects, family support, disabled and food bank in case of insufficient funds and in case of sudden withdrawal of funding Risk management The trustees have considered and reviewed the key risks to which the charity is exposed. Cost of living The management team have taken a robust approach to the cost of living crisis to ensure our office remain open for the young people and family. We provide the daily help {electricity,gas and water bills) As a frontline provider to some of the most vulnerable young people affected by the impact of the cost of living crisis, Youth Aid Council has taken optimal advantage of a range of new funding opportunities available during the crisis in the form of grants from both statutory and philanthropic funder5, who have acknowledged the critical role organisations such as Youth Aid Council have and will continue to play as the broader impact of the crisis in the economy becomes clearer. We anticipate higher demand for our services over the coming months and years because of the impact of the crisis. Regarding non-financial risks, the charity has robust policies and procedures in place, which are reviewed and updated annually. These are relevant to all our staff and readily available by way of printed documents held at each centre and soft copies held on our server. The charity's key non-financial risk is the safety and wellbeing of those it is caring for, the staff. To mitigate this risk a comprehensive set of policies and procedures have been put in place and are included in the staff handbook given to all staff on joining Youth Aid Council. These are constantly monitored to ensure that the safety and wellbeing of the staff is upheld. Copies of the handbook are also held at each volunteers and soft copies are available to the staff and trustees EXTERNAL RISK.. The significant external risk is that of funding. The management committee has developed a reserve policy to address any sudden wrthdrawal of core funding and we are seeking to increase our reserves in future years. INTERNAL RISK: Internal risk is minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of service for all operational asperts of the charitable company. These procedures are kept under constant review by the management committee to ensure they continue to meet the needs of the charity PLANS FOR FUTURE PERIODS In the coming year, Youth Aid Council will pursue its activities, and continue to strive to get more funding for Food Bank, employment program, and disability. We want to have a youth center for youth training and for Food Bank. We are hoping to secure funding ft)r this and trusting that our donors will continue to support our actrvities. STRucfuRE, GOVERNANCE AND MANAGEMENT Page 5
YOUTH AID COUNCIL Trustees Annual Report Youth Aid Council is a C l O and twstees are selected by appointment only. The trustees are responsible for overseeing the charit5 activities and deciding how the funds are spent. The day to day running of the charity is left to the Senior Managing Officer of the Charity who works in collaboration with administrative staffs, volunteers and people on placement for academic and work experience reasons. Name of Senior Executive Manager: Bruno Degbedji Name of current trustees: Mrs Marko Fatou Diomande Miss Vanessa Aicha Sangare Mr Komlan Charles Adiko Mr Bruno Degbedji Administrative Information The charity is situated at 104 Sydenham Road, London SE26 5JX Statement of trustees. responsibilities in relation to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice}. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the chartty and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustee5 are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees B. Degbedji Trustee 20 December 2024 Page 6
YOUTH AID COUNCIL Independent Examiners Report Independent Examiner's Report to the trustees of YOUTH AID COUNCIL I report to the trustees on my examination of the financial statements of YOUTH AID COUNCIL for the year ended 20 December 2024. Responsibilltles and basis of report As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charitie5 Act 2011 ('the Act'}. I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515)Ib) of the Art. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: the accounting records were not kept in respect of the charity as required by section 130 of the Act; or the financial statements do not accord with those record5; or • the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination. 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 financial statements to be reached. Andrew Nwabueze ACCA Chessons Accountant Office 201, Access self Storage 3 Stanton way London SE26 5FU 20 December 2024 Page 7
YOUTH AID COUNCIL ststement of Financial Actlvitles for the year ended 20 December 2024 Unrestrlcted funds Total fvnds Total funds 2024 2024 2023 Notes Income and endowments from: Donations and legacies 86,832 86,832 51,642 Total 86,832 86,832 51,642 Expenditure on: Raising funds Charitable activities Other 7,650 55,040 23,131 7,650 55,040 23,131 2,650 30,440 17,483 Total 85,821 85,821 50,573 Net gains on investments Net Income I,oii I,oii 1,069 Transfers between funds Net Income before other gainslllosses) I,oii I,oii 1,069 Other galns and losses Net movement In funds I,oii I,oii 1,069 Reconciliatlon of funds: Total funds brought forward (2,4241 11424) (3,4931 Total funds carried forward (1,4131 {1,413) (2,4241 Page 8
YOUTH AID COUNCIL Balance Sheet at 20 Dernber 2024 Charity No. 1154347 2024 2023 Current assets Stocks Cash at bank and in hand 5,634 739 6,373 6,373 4,637 1,949 6,586 6,586 Net current assets Total assets less current liabllitles 6,373 6,586 Creditors.. Amounts falling due after more than one year Net Ilabilities excluding penslon asset or liablllty Total net Ilabilities (7,786) {1.413) {9,010) (2,424} {1,4131 (2,424) The funds of the charity Restricted funds Unrestrfcted funds General funds io io 11,413) (1,413) (2,424) 12,4241 Reserves io Total funds 11,413) (2,424) Approved by the trustees on 20 December 2024 And signed on their behalf by". B. Degbedji Trustee 20 December 2024 Page 9
YOUTH AID COUNCIL Notes to the Accounts for the year ended 20 December 2024 l Accountlng policies Basis of preparatlon The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic rf Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting standard applicable in the United Kingdom and Republic of Ireland IFRS 102} and the Charities Act 2011. Change in basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accountlng Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities {SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated seniices These are only included in incorne (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/llosses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed atthe end of the year. assets Gains/llossesl on investment assets This includes any gain or loss on the sale of investments. Page 10
YOUTH AID COUNCIL Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity. Grants payable Governance costs Other expenditure Taxation The charity is exempt from tax on its charitable activities. Freehold Investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Stocks Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. Trade and other 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. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments WFth original maturities of three months or le55 and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilitles. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Trade and other creditors Short term creditors are measured atthe transaction price. Other 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. Page 11
YOUTH AID COUNCIL Notes to the Accounts Research and development Expenditure on research and development is wrtien off in the year in which it is incurred. Forelgn currencles Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period, Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualrfying assets, in which case they are capitali5ed in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line bas15. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charty has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Receipt of donated goods, facilities and services All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Page 12
YOUTH AID COUNCIL Notes to the Accounts 2 Statement of Finandal Activitles - prior year Unrestricted funds Total funds 2023 2023 Income and endowments from: Donations and legacies Total 51,642 51,642 51,642 51,642 Expenditure on: Raising funds Charitable activities 2,650 30,440 17,483 2,650 30,440 17,483 Other Total 50,573 50,573 Net Income 1,069 1,069 Net Income before other galns/(losses) Other gains and losses: Net movement in funds 1.069 1,069 1,069 1,069 Reconclllation ol funds: Total funds brought forward Totsl funds carrled forward {3,493) 12,424} 13,493} (2,424) 3 Income from donations and legacies Unrestrlrted Total Total 2024 2023 Fundraising and donations Gift Aids Members and Trustees Contribution 75,451 6,050 75,451 6,050 43,452 4,245 2,881 2,881 1,845 Grant 2,450 86,832 2,450 86,832 2,100 51,642 4 Expenditure on raising funds Unrestrfcted Total Total 2023 2024 Fundroising trading costs 7,650 7,650 7,650 7,650 2,650 2,650 Page 13
YOUTH AID COUNCIL Notes to the Accounts 5 Expenditure on charltable actlvities Unrestricted Total Total 2024 2023 Expenditure on choritable activities 55,040 55,040 30,440 Governance costs 55,040 55,040 30,440 6 Other expenditure Unrestricted Total 2024 Total 2023 Employee costs Motor and travel costs 7,250 3,745 7,450 4,136 550 7,250 3,745 7,450 4,136 550 4,250 1,745 7,450 3,488 550 Premises costs General administrative costs Legal and professional costs 23,131 23,131 17,483 7 Staff costs 2024 2023 Salaries and wages 7,250 7,250 4,250 4,250 No employee received emoluments in excess of £60,000. 8 Stocks 2024 2023 Raw materials and consumables 5,634 5,634 4,637 4,637 Carrying value analysed by activities 2024 2023 5,634 5,634 4,637 4,637 9 Creditors: amounts falling due after more than one year 2024 2023 Bank loans and overdrafts 7,786 7,786 9,010 9,010 Page 14
YOUTH AID COUNCIL Notes to the Accounts 10 Movement in funds Incoming resources (including At21 other December gainsllosses 2023 Resources expended At20 December 2024 Restricted funds: Unrestricted funds: General funds (2,424) 86,832 (85,821) {1,4131 Total funds 11 Analysis of net assets between funds (2,424) 86,832 185,821) (1,413) Unrestricted funds Total Net current assets Creditors due in more than one year and provisions 6,373 6,373 17,786) (7,786) (1,413) {1,4131 12 Reconcillatlon of net debt At21 At20 December Dember 2023 Cash flows 2024 Cash and cash equivalents 1,949 1,949 (1,210) {1,210) 739 739 Bank loans {9,010} (9,010) 1,224 1,224 (7,786) {7,786} Net debt {7,0611 14 17,047) Page 15
YOUTH AID COUNCIL Statement of Cash flows for the year ended 20 December 2024 2024 2023 Cash flows from operatlng activities Net Income per Statement of Financial Artivitles I,oii 1,069 Adjustments for: Increase in stocks 1997) 12,057) Net cash provided by/(used in) operating artlvities 14 {9881 Net cash from investing activities Cash flows from financing actlvltles Repayment of borrowings (1,224) 1301) Net cash used In financing actlvltles (1,224) {3011 Net decrease In cash and cash equivalents (1,210) (1,289) Cash and cash equlvalents at the beginning of the year 1,949 3,238 Cash and cash equivalents at the end of the year 739 1,949 Components of cash and cash equlvalents Cash and bank balances 739 1,949 739 1,949 Page 16
YOUTH AID COUNCIL Detalled Statement of Financial Artivities for the year ended 20 December 2024 Unrestricted funds Total funds 2024 2024 Total funds 2023 Income and endowments from: Donations and legacies Fundraising and donations Gift Aids 75,451 6,050 75,451 6,050 43,452 4,245 Members and Trustees Contribution Grant 2,881 2,881 1,845 2,450 86,832 2,450 86,832 2,100 51,642 Total income and endowments 86,832 86,832 51,642 Expenditure on: Costs of other trading activities 7,650 7,650 7,650 7,650 2,650 2,650 Total of expenditure on ralsing funds 7,650 7,650 2,650 Charitable activities 55,040 55,040 55,040 55,040 30,440 30,440 Total of expenditure on charitable actlvlties 55,040 55,040 30,440 Employee costs Salaries/wages 7,250 7,250 7,250 7,250 4,250 4,250 Motor and travel costs Fares 3,745 3,745 3,745 3,745 1,745 1,745 Premises costs Rent 7,450 7,450 7,450 7,450 7,450 7,450 General administrative costs, including depreciation and amortisation Postage and couriers Software, IT support and related costs Telephone, fax and broadband 550 550 355 3,100 3,100 2,750 486 383 4,136 4,136 3,488 Legal and professional costs Accountancy and bookkeeping 550 550 550 Page 17
YOUTH AID COUNCIL Detailed Statement of Flnancial Actlvities 550 550 550 Total of expenditure of other costs Total expendlture Net gains on investments 23,131 23,131 17,483 85,821 85,821 50,573 Net income I,oii I,oii 1,069 Net income before other galns/(losses) Other Gains I,oii I,oii 1,069 Net movement In funds I,oii I,oii 1,069 ReconcFllatlon of funds: Total funds brought forward (2.424) (2,424) {3,4931 Total funds carrled forward (1,413) 11,413) {2,4241 Page 18