**REGISTERED COMPANY NUMBER: 07925277 (England and Wales) REGISTERED CHARITY NUMBER: 1154395**
Trustees' Report and
Unaudited Financial Statements for the Year Ended 31 January 2022
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 2022
||Page|
|---|---|
|Trustees' Report|1 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9 to 10|
|Notes to the Financial Statements|11 to 16|
|Detailed Statement of Financial Activities|17|
Youth Futures
Trustees' Report for the Year Ended 31 January 2022
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 2022. 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 compassionate community that engenders young people to discover their individual purpose.
Based in Camberwell, South-East London, this youth organisation runs open-access youth project sessions on Thursday and Friday evening, mentoring work goes on throughout the week, often involving responding to emergency needs of the young people while focused sessions on music and a girls group meet on Monday, Tuesday and Wednesday evenings.
We are setup to support young people from disadvantaged backgrounds to provide them with a consistent place of safety and support, offering them services that will encourage them to engage and motivate them and enable them to find and fulfil positive aspirations, meet their needs and in turn create emotionally resilient, healthy, young people.
Page 1
Youth Futures
Trustees' Report for the Year Ended 31 January 2022
## **ACHIEVEMENT AND PERFORMANCE**
## **What we do**
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.
## **Beneficiaries:**
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 Estate work.
We continue to be funded by various foundations and trusts to deliver the rest of our work in Wyndham and Comber and Angell Town estates as well.
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Youth Futures
Trustees' Report
for the Year Ended 31 January 2022
## **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 3
Youth Futures
Trustees' Report for the Year Ended 31 January 2022
## **ACHIEVEMENT AND PERFORMANCE**
## **Review of the Year and Significant Achievements**
Within the period April 2021 - March 2022 we have developed our projects and programs and focused on rebuilding our projects and services post Covid.
Louise McNeistre has helped the organisation establish stronger administrative protocols and structures within our delivery team so that things run smoother and more professionally. The team has engaged in youth work level 2 and 3 training together and substantial training to help them when working with trauma and young people.
Imogen Moore has left as a trustee. She has been a fantastic member of our team bringing an immense amount of knowledge, experience and wisdom to our group. We wish her well in her next steps in her new job and hope to stay closely in touch.
## **Youth Work** :
Mark and Timon led on building the AD (Artist Development) sessions in Angell Town culminating in a music writing residential for a group of young people and then an album launch party at the notorious Jamm event venue which was a great success.
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 some well attended girls events.
Timon Dixon continued to run our ever popular Friday night sessions at Brandon estate with 40+ young people attending each week.
The team continued to run our Bethwin Adventure Playground sessions in partnership with the team there.
## **Ubuntu Roundtable Partnership:**
We have continued with the Ubuntu Roundtable Project and have completed a URT with at Cambridge College SEN and also at the Anti Tribalism Movement in West London. Both of theses were generated by our newly trained facilitators.
We are now looking at extending the URT project and potentially even running it overseas.
## **LOOKING TO THE FUTURE**
We need to establish new fund raising strategies to support us beyond our current funding packages and consolidate all of the learnings that we have had over the last few years.
## **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.
Page 4
Youth Futures
## Trustees' Report
## for the Year Ended 31 January 2022
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Youth Futures**
Chief Executive: Joseph Duncan Address: 39 Handforth Road, London, SW9 0LL Charity Number: 1154395 Time Period: 01/04/2021 - 31/03/2022
## **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 (resigned 2.3.22) C Nelson (appointed 2.3.22)
## **Company Secretary**
## **Independent Examiner**
Amity Accountants 04 Whitchurch Parade Whitchurch Lane Edgware Middlesex HA8 6LR
Page 5
Youth Futures
## Trustees' Report for the Year Ended 31 January 2022
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................ W S Downs - Trustee
Page 6
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 2022.
## **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 7
Youth Futures
## Statement of Financial Activities
## for the Year Ended 31 January 2022
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS**
**FROM**
Donations and legacies
10,958
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
22,764
Other
-
**Total**
22,764
**NET INCOME/(EXPENDITURE)**
(11,806)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
18,001
**TOTAL FUNDS CARRIED**
**FORWARD**
6,195|Restricted
fund
£
87,796
102,036
-
102,036
(14,240)
28,986
14,746|31.1.22
Total
funds
£
98,754
124,800
-
124,800
(26,046)
46,987
20,941|31.1.21
Total
funds
£
109,708|
|---|---|---|---|
||||91,964
1,500|
||||93,464|
||||16,244
30,743|
||||46,987|
The notes form part of these financial statements
Page 8
Youth Futures
## Balance Sheet
## 31 January 2022
|Unrestricted
Restricted
fund
fund
Notes
£
£
**FIXED ASSETS**
Tangible assets
5
225
-
**CURRENT ASSETS**
Debtors
6
-
-
Cash at bank
5,970
14,746
5,970
14,746
**CREDITORS**
Amounts falling due within one year
7
-
-
**NET CURRENT ASSETS**
5,970
14,746
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
6,195
14,746
**NET ASSETS**
6,195
14,746
**FUNDS**
8
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|31.1.22
Total
funds
£
225
-
20,716
20,716
-
20,716
20,941
20,941
6,195
14,746
20,941|31.1.21
Total
funds
£
337
416
46,650
47,066
(416)
46,650
46,987
46,987
18,001
28,986
46,987|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
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Youth Futures
## Balance Sheet - continued
## 31 January 2022
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 10
Youth Futures
Notes to the Financial Statements for the Year Ended 31 January 2022
## **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.
continued...
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Youth Futures
## Notes to the Financial Statements - continued for the Year Ended 31 January 2022
## **2. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||31.1.22|31.1.21|
|---|---|---|
||£|£|
|Depreciation - owned assets|112|113|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 January 2022 nor for the year ended 31 January 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 January 2022 nor for the year ended 31 January 2021.
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
21,047
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
18,538
Other
-
**Total**
18,538
**NET INCOME**
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|Total
funds
£
109,708|
|---|---|---|
|||91,964
1,500|
|||93,464|
|||16,244
30,743|
|||46,987|
continued...
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Youth Futures
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
|**5.**|**TANGIBLE FIXED ASSETS**|||||
|---|---|---|---|---|---|
||||||Computer|
||||||equipment|
||||||£|
||**COST**|||||
||At 1 February 2021 and|||||
||31 January 2022||||450|
||**DEPRECIATION**|||||
||At 1 February 2021||||113|
||Charge for year||||112|
||At 31 January 2022||||225|
||**NET BOOK VALUE**|||||
||At 31 January 2022||||225|
|||||||
||At 31 January 2021||||337|
|||||||
|**6.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||||31.1.22||31.1.21|
||||£||£|
||Other debtors|||-|416|
|||||||
|**7.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||||31.1.22||31.1.21|
||||£||£|
||Social security and other taxes|||-|416|
|||||||
|**8.**|**MOVEMENT IN FUNDS**|||||
||||Net|||
||||movement||At|
|||At 1.2.21|in funds||31.1.22|
|||£|£||£|
||**Unrestricted funds**|||||
||General fund|18,001|(11,806)||6,195|
||**Restricted funds**|||||
||Restricted Funds|28,986|(14,240)||14,746|
||**TOTAL FUNDS**|46,987|(26,046)||20,941|
continued...
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Youth Futures
## Notes to the Financial Statements - continued for the Year Ended 31 January 2022
## **8. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds
**TOTAL FUNDS**||Incoming
resources
£
10,958
87,796
98,754
At 1.2.20
£
15,492
15,251
30,743|Resources
expended
£
(22,764)
(102,036)
(124,800)
Net
movement
in funds
£
2,509
13,735
16,244|Movement
in funds
£
(11,806)
(14,240)
(26,046)
At
31.1.21
£
18,001
28,986
46,987|
|---|---|---|---|---|
||||||
||||||
continued...
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Youth Futures
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
## **8. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds
**TOTAL FUNDS**|Incoming
resources
£
21,047
88,661
109,708|Resources
expended
£
(18,538)
(74,926)
(93,464)|Movement
in funds
£
2,509
13,735
16,244|
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted Funds
**TOTAL FUNDS**|Net
movement
At 1.2.20
in funds
£
£
15,492
(9,297)
15,251
(505)
30,743
(9,802)|At
31.1.22
£
6,195
14,746|
|---|---|---|
|||20,941|
Page 15
continued...
Youth Futures
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
## **8. MOVEMENT IN FUNDS - continued**
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
£
32,005
176,457
208,462|Resources
expended
£
(41,302)
(176,962)
(218,264)|Movement
in funds
£
(9,297)
(505)
(9,802)|
|---|---|---|---|
## **9. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 January 2022.
Page 16
Youth Futures
|Detailed Statement of Financial Activities
for the Year Ended 31 January 2022
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants, Legacies & Donations
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Sundries
Other resources expended
Food
Venue
**Support costs**
**Management**
Depreciation of tangible and heritage
assets
**Other**
Insurance
Telephone
**Governance costs**
Accountancy fees
Total resources expended
**Net (expenditure)/income**|31.1.22
£
98,754
98,754
609
123,293
-
(60)
123,842
113
671
144
815
30
124,800
(26,046)|31.1.21
£
109,708|
|---|---|---|
|||109,708
510
81,726
53
8,783|
|||91,072
113
635
144|
|||779
1,500|
|||93,464|
|||16,244|
This page does not form part of the statutory financial statements
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