**REGISTERED COMPANY NUMBER: 07925277 (England and Wales) REGISTERED CHARITY NUMBER: 1154395** ## Trustees' Report and Unaudited Financial Statements for the Year Ended 31 January 2021 for Youth Futures Amity Accountants 04 Whitchurch Parade Whitchurch Lane Edgware Middlesex HA8 6LR Youth Futures Contents of the Financial Statements for the Year Ended 31 January 2021 |||Page|| |---|---|---|---| |Trustees' Report|1|to|5| |Independent Examiner's Report||6|| |Statement of Financial Activities||7|| |Balance Sheet||8|| |Notes to the Financial Statements|9|to|13| |Detailed Statement of Financial Activities||14|| Youth Futures Trustees' Report for the Year Ended 31 January 2021 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2021. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and Aims** To support young people seeking to develop their positive aspirations, emotional well-being and active citizenship especially, but not exclusively, through leisure time activities and purposeful engagement, so as to develop their capabilities that they may grow to full maturity as individuals and members of society. ## **Mission Statement** Youth Futures is a youth-led charity based in Camberwell, South East London, that exists to support the needs of young people, the local and wider community. We provide a safe place for the young people to go in the form of our youth club which we run twice weekly. In the last few years, this year being a benchmark we have become so much more than this. We provide a core service, sometimes because of emergencies, we listen to the views, wants and needs of our young people and create our projects around this information. We find this model provides us with an assurance that the services that we are providing are beneficial and entirely necessary to our young people and the community. ## **ACHIEVEMENT AND PERFORMANCE** ## **What we do** Youth Futures works predominantly with young people aged 11-24 who benefit directly through attending our weekly sessions and in engaging in support and projects, programs and opportunities that are generated by young people themselves and facilitated by staff. Moreover, the wider community benefit from young people being diverted from potentially engaging in anti-social behavior in the local area as they have a place they can go and support of staff to encourage them into work, training and education. Additionally, by being a consistent presence in the area for many years now, parents, community leaders and other organisations can connect with Youth Futures in order to address any concerns or provide the best support for young people in the area. ## **Fund Raising** We are continuing to be funded by Southwark council for our Brandon activities. We raised some funds to enable our team to go online and provide more extensive support and then detached work for the young people we were engaged with in Brandon estate. We have also raised some funds to provide support for young people during the covid period and UK Youth has provided us some funding to implement our sessions post Covid. Page 1 Youth Futures Trustees' Report for the Year Ended 31 January 2021 ## **ACHIEVEMENT AND PERFORMANCE** ## **Ethos and Strategy** During this year Youth Futures has had to adapt to changing conditions due to the Covid lockdown. We continue to focus on our core values. - Youth-led and self-referral - Consistency, commitment and contact - Personal development focus - Family ethos These are incorporated into three central strands of how we work with young people. 1. Weekly open-access sessions - an engagement space where relationships can be developed and young people are free to be themselves; meet other young people; engage in sports, workshops and activities and have consistent access to staff and mentors. 2. Mentor and Personal Development Programme - this is where young people can receive intensive one-to-one support to address challenges and work towards personal goals. Mentors also respond to any emergency needs of the young people and work with statutory and other third sector organisations in order to provide the best support and outcomes for the young people. 3. Leadership Programme - this group is central to making decisions for the organisation's future and are our youth advocates at public events, representing the perspectives of young people and the organisation to the council and at charity events. They are at the heart of the organisation's youth-led approach by ensuring the young member's voices are heard and have taken a lead in new partnership work. The young people who have been attending our services for several years have now moved on into work and study. The remaining members have now become employed youth workers with us and are restarting the cycle of engaging with and generating a new generation of young leaders who are keen to form the core of our service. Page 2 Youth Futures Trustees' Report for the Year Ended 31 January 2021 ## **ACHIEVEMENT AND PERFORMANCE** ## **Review of the Year and Significant Achievements** Within the period April 2020 - March 2021 we have developed our projects and programs and adapted to a changing circumstance given the Covid 19 breakout. ## **Covid lockdown:** During the Covid lockdown we had to cease almost all our face to face sessions and contact with young people. We employed a new project manager - Louise McNeistre who took over on co-ordinating and supporting our team in their development and has done a superb job in moving the delivery team forward. With her support our youth worker team adapted to the new circumstances and developed a series of support mechanisms for the local youth community including: - Outreach and food drop offs with our partners at Bethwin Adventure Playground, - Online activities and support for young people via zoom and phone calls, - Covid safe sessions as the lockdown started to lift, As well as all of this we took the time to develop our teams training and professionalising and engaged in several online training programs with the team as well as a series of capacity building activities which were conducted together. ## **Brandon and Angell Town:** As the lockdown lifted our team were able to implement their projects and programs which they had been developing in the background. We expanded our work from Brandon Estate to also Angell Town Estate where several members of our team have long standing relationships. Mark Murray established Artist Development Sessions for budding local musicians who come together to develop and share their music as well as gain support from the YF team. Shelby Bootle partnered with YF to run her Hey Sis project in several locations around Southwark focussing on young women and girls. She also organised hygiene pack drop-offs and support whilst the schools were closed. Timon Dixon re-opened our Friday sessions in Brandon - our open youth work session which has been running for years. We also started running football sessions at the local cage at the same time as these sessions. Derrick Johnson started running open youth work sessions on a Thursday at Bethwin Adventure Playground. Our long-standing local friends have a great site and we are meeting lots of new young people there. ## **Ubuntu Roundtable Partnership:** As our roundtable projects are all in person the London lockdown meant that our work came to a halt in April. One of our key staff members also contracted Covid which also had a big impact. During the lockdown we developed an online version of the training and continued to nurture our relationships in West London and with the police officers as well. We have now completed a substantial online training with 9 new youth facilitators with half from local neighbourhoods in West London and the new facilitators have managed to deliver two roundtable sessions with police officers in person. We are in consultation with several other London boroughs and hope to continue to bring this work out via the online training and otherwise. Page 3 Youth Futures Trustees' Report for the Year Ended 31 January 2021 ## **LOOKING TO THE FUTURE** Coming out of the Covid phase we have a spring in our step and a strong team. We want to continue to be a source of inspiration and support for hundreds of local young people and develop our projects and activities. Our team plan to do Youth Work Level 3 Training and our new project manager is starting a Masters in youth work. We are looking to structure our mentor program and coaching work more and develop our theory of change which will help us in our support of local young people. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing Document** Articles of Association - Youth Futures is set up as a company limited by guarantee and registered as a Charity with the UK Charity Commission. Trustees are selected by the trustee board in consultation with the staff and beneficiaries of the organisation. ## **Youth Futures** Chief Executive: Joseph Duncan Charity Number: 1154395 Time Period: 01/04/2020- 31/03/2021 ## **Management Board** Chair: Issy Crocker [chair] Treasurer: Scott Downs [treasurer] Secretary / Delivery lead: Clifton Nelson [secretary] Some operational trustees and management have monthly executive meetings via Zoom Video Conferencing. We now have quarterly meetings with an extended representation from the delivery team, in addition to individual visits to the project in between periods. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Company number** 07925277 (England and Wales) ## **Registered Charity number** 1154395 ## **Registered office** Flat 3 39 Handforth Road Oval London SW9 0LL ## **Trustees** Ms I M Crocker Chairperson W S Downs Treasurer I Moore Secretary ## **Company Secretary** ## **Independent Examiner** Amity Accountants 04 Whitchurch Parade Whitchurch Lane Edgware Middlesex HA8 6LR Page 4 Youth Futures ## Trustees' Report for the Year Ended 31 January 2021 Approved by order of the board of trustees on ............................................. and signed on its behalf by: ........................................................................ W S Downs - Trustee Page 5 Independent Examiner's Report to the Trustees of Youth Futures ## **Independent examiner's report to the trustees of Youth Futures ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2021. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your 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 examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 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. Jebarson William Amity Accountants 04 Whitchurch Parade Whitchurch Lane Edgware Middlesex HA8 6LR Date: ............................................. Page 6 Youth Futures ## Statement of Financial Activities for the Year Ended 31 January 2021 |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
21,047
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
18,538
Other
-
**Total**
18,538
**NET INCOME/(EXPENDITURE)**
2,509
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
15,492
**TOTAL FUNDS CARRIED FORWARD**
18,001|Restricted
fund
£
88,661
73,426
1,500
74,926
13,735
15,251
28,986|31.1.21
Total
funds
£
109,708
91,964
1,500
93,464
16,244
30,743
46,987|31.1.20
Total
funds
£
50,809
81,948
-
81,948
(31,139)
61,882
30,743| |---|---|---|---| The notes form part of these financial statements Page 7 Youth Futures ## Balance Sheet ## 31 January 2021 ||||||31.1.21|31.1.20| |---|---|---|---|---|---|---| |||Unrestricted||Restricted|Total|Total| |||fund||fund|funds|funds| ||Notes|£||£|£|£| |**FIXED ASSETS**||||||| |Tangible assets|5|337||-|337|450| |**CURRENT ASSETS**||||||| |Debtors|6||-|416|416|416| |Cash at bank||17,664||28,986|46,650|30,293| |||17,664||29,402|47,066|30,709| |**CREDITORS**||||||| |Amounts falling due within one year|7||-|(416)|(416)|(416)| |**NET CURRENT ASSETS**||17,664||28,986|46,650|30,293| |**TOTAL ASSETS LESS CURRENT**||||||| |**LIABILITIES**||18,001||28,986|46,987|30,743| |**NET ASSETS**||18,001||28,986|46,987|30,743| |**FUNDS**|8|||||| |Unrestricted funds|||||18,001|15,492| |Restricted funds|||||28,986|15,251| |**TOTAL FUNDS**|||||46,987|30,743| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021. The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 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. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. W S Downs - Trustee The notes form part of these financial statements Page 8 Youth Futures Notes to the Financial Statements for the Year Ended 31 January 2021 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||31.1.21|31.1.20|| |---|---|---|---| ||£|£|| |Depreciation - owned assets|113||-| Page 9 continued... Youth Futures Notes to the Financial Statements - continued for the Year Ended 31 January 2021 ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 January 2021 nor for the year ended 31 January 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 January 2021 nor for the year ended 31 January 2020. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ## **5.** ||Unrestricted|Restricted|Total| |---|---|---|---| ||fund|fund|funds| ||£|£|£| |**INCOME AND ENDOWMENTS FROM**|||| |Donations and legacies|13,272|37,537|50,809| |**EXPENDITURE ON**|||| |**Charitable activities**|||| |Charitable activities|8,827|73,121|81,948| |**NET INCOME/(EXPENDITURE)**|4,445|(35,584)|(31,139)| |**Transfers between funds**|2,889|(2,889)|-| |**Net movement in funds**|7,334|(38,473)|(31,139)| |**RECONCILIATION OF FUNDS**|||| |**Total funds brought forward**|8,158|53,724|61,882| |**TOTAL FUNDS CARRIED FORWARD**|15,492|15,251|30,743| |**TANGIBLE FIXED ASSETS**|||| ||||Computer| ||||equipment| ||||£| |**COST**|||| |At 1 February 2020 and 31 January 2021|||450| |**DEPRECIATION**|||| |Charge for year|||113| |**NET BOOK VALUE**|||| |At 31 January 2021|||337| |At 31 January 2020|||450| Page 10 continued... Youth Futures Notes to the Financial Statements - continued for the Year Ended 31 January 2021 |**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
**8.**
**MOVEMENT IN FUNDS**
At 1.2.20
£
**Unrestricted funds**
General fund
15,492
**Restricted funds**
Restricted Funds
15,251
**TOTAL FUNDS**
30,743
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
21,047
**Restricted funds**
Restricted Funds
88,661
**TOTAL FUNDS**
109,708
**Comparatives for movement in funds**
Net
movement
At 1.2.19
in funds
£
£
**Unrestricted funds**
General fund
8,158
4,445
**Restricted funds**
Restricted Funds
53,724
(35,584)
**TOTAL FUNDS**
61,882
(31,139)|31.1.21
31.1.20
£
£
416
416
31.1.21
31.1.20
£
£
416
416
Net
movement
At
in funds
31.1.21
£
£
2,509
18,001
13,735
28,986
16,244
46,987
Resources
Movement
expended
in funds
£
£
(18,538)
2,509
(74,926)
13,735
(93,464)
16,244
Transfers
between
At
funds
31.1.20
£
£
2,889
15,492
(2,889)
15,251
-
30,743|31.1.21
31.1.20
£
£
416
416
31.1.21
31.1.20
£
£
416
416
Net
movement
At
in funds
31.1.21
£
£
2,509
18,001
13,735
28,986
16,244
46,987
Resources
Movement
expended
in funds
£
£
(18,538)
2,509
(74,926)
13,735
(93,464)
16,244
Transfers
between
At
funds
31.1.20
£
£
2,889
15,492
(2,889)
15,251
-
30,743|31.1.21
31.1.20
£
£
416
416
31.1.21
31.1.20
£
£
416
416
Net
movement
At
in funds
31.1.21
£
£
2,509
18,001
13,735
28,986
16,244
46,987
Resources
Movement
expended
in funds
£
£
(18,538)
2,509
(74,926)
13,735
(93,464)
16,244
Transfers
between
At
funds
31.1.20
£
£
2,889
15,492
(2,889)
15,251
-
30,743| |---|---|---|---| |||16,244|| |||At
31.1.20
£
15,492
15,251
30,743|| ||||30,743| Page 11 continued... Youth Futures Notes to the Financial Statements - continued for the Year Ended 31 January 2021 ## **8. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |||£|£|£| |**Unrestricted funds**||||| |General fund||13,272|(8,827)|4,445| |**Restricted funds**||||| |Restricted Funds||37,537|(73,121)|(35,584)| |**TOTAL FUNDS**||50,809|(81,948)|(31,139)| |A current year 12 months and prior year 12 months combined position is as follows:||||| |||Net|Transfers|| |||movement|between|At| ||At 1.2.19|in funds|funds|31.1.21| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|8,158|6,954|2,889|18,001| |**Restricted funds**||||| |Restricted Funds|53,724|(21,849)|(2,889)|28,986| |**TOTAL FUNDS**|61,882|(14,895)|-|46,987| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds
**TOTAL FUNDS**|Incoming
resources
£
34,319
126,198
160,517|Resources
Movement
expended
in funds
£
£
(27,365)
6,954
(148,047)
(21,849)
(175,412)
(14,895)| |---|---|---| Page 12 continued... Youth Futures Notes to the Financial Statements - continued for the Year Ended 31 January 2021 ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 January 2021. Page 13 Youth Futures |Detailed Statement of Financial Activities||| |---|---|---| |for the Year Ended 31 January 2021||| ||31.1.21|31.1.20| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Grants, Legacies & Donations|109,708|50,809| |**Total incoming resources**|109,708|50,809| |**EXPENDITURE**||| |**Charitable activities**||| |Sundries|510|2,645| |Other resources expended|81,726|60,917| |Food|53|577| |Venue|8,783|17,400| ||91,072|81,539| |**Support costs**||| |**Management**||| |Depreciation of tangible and heritage assets|113|-| |**Other**||| |Insurance|635|-| |Telephone|144|-| ||779|-| |**Governance costs**||| |Accountancy fees|1,500|409| |Total resources expended|93,464|81,948| |**Net income/(expenditure)**|16,244|(31,139)| This page does not form part of the statutory financial statements Page 14