OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-01-31-accounts

Youth Futures

Trustees' Report for the Year Ended 31 January 2023

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 2023. 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 a Friday evening, mentoring work goes on throughout the week, often involving responding to emergency needs of the young people.

We are set up 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, motivate them and enable them to find and fulfil positive aspirations, meet their needs and in turn create emotionally resilient, healthy, young people.

Youth Futures

Trustees' Report for the Year Ended 31 January 2023

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 weekly at minimum, and for many more evenings in the year where funding permits. In the past we have run girls groups and Artist Development sessions in a recording studio, putting on performances, and more. We provide a core service. 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. We are also available to them on the phone, at any point in the week, to be an adult presence in the case of emergencies, and to deal with Safeguarding concerns. We build strong relationships and act as role models for the young people, mentoring them one on one according to their wants and needs.

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 the 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

During this year we have been and are continuing to be funded by Southwark Council for our Brandon Estate work, and by The Cicely Trust for our mentoring work.

Youth Futures

Trustees' Report for the Year Ended 31 January 2023

ACHIEVEMENT AND PERFORMANCE

Ethos and Strategy

We continue to focus on our core values.

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.

Youth Futures

Trustees' Report for the Year Ended 31 January 2023

ACHIEVEMENT AND PERFORMANCE

Review of the Year and Significant Achievements

Within the period Feb 2002- Jan 2023 we have developed our projects and programs with a reduced budget, focussing on our funded core offerings of Friday nights and mentoring.

We have brought in 2 new trustees with a shared lived experience to the young people we work with, one of whom was one of our young people many years ago.

Youth Work :

Timon Dixon moved from consistently leading our Friday night sessions to begin a new career as a police officer. He continues to engage and cover for staff shortages where his shifts allow. Whilst we and the young people miss his presence, we are very glad he has found full time gainful employment in work we are sure he will excel at, and wish him well.

Mark Murray has continued to be our Lead Youth Worker running our ever popular Friday night sessions at Brandon estate with 30+ young people attending each week.

Ubuntu Roundtable Partnership:

In partnership with the Tutu Foundation UK we have continued with the Ubuntu Roundtable Project and have completed a URT Facilitator Training online with 15 facilitators, mostly based in Soweto, but also other areas of Johannesburg, Cape Town, Mozambique and Zimbabwe. This takes the URT work into various parts of Southern Africa, as the facilitators are free to generate new Ubuntu Round Tables.

LOOKING TO THE FUTURE

As our key workers have growing families and need more consistent full time employment than we have been able to offer them, we are needing to re-think our strategy, and make some changes. our commitment to the young people o the brandon estate remains solid, as does our commitment to get the work of the Ubuntu Roundtables out into places of conflict or

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

Trustees' Report for the Year Ended 31 January 2023

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 Secretary / Delivery lead: Clifton Nelson Joseph Duncan, Chief Executive

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 Chair W Scott Downs Treasurer Clifton Nelson Patricia Kumara (appointed May 2022)

Independent Examiner

Amity Accountants 04 Whitchurch Parade Whitchurch Lane Edgware Middlesx HA8 6LR

Youth Futures

Trustees' Report for the Year Ended 31 January 2023

Approved by order of the board of trustees on ...27 October 2023........ and signed on its behalf by:

............................................................ W S Downs - Trustee

Youth Futures

Charity No. 1154395

Company No. 07925277

Trustees' Report and Unaudited Accounts

31 January 2023

Youth Futures Statement of Financial Activities

for the year ended 31 January 2023

Notes
Income and endowments
from:
Donations and legacies
4
Total
Expenditure on:
Raising funds
5
Other
6
Total
Net gains on investments
Net expenditure
7
Transfers between funds
Net expenditure before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2023
£
5,799		 Restricted
funds
2023
£
42,677		 Total funds
2023
£
48,475		 Total funds
2022
£
98,754
5,799
10,754
2,306		 42,677
39,040
4,768		 48,475
49,794
7,074		 98,754
123,293
1,506
13,060
-		 43,808
-		 56,868
-		 124,799
-
(7,262)
1,967		 (1,132)
(1,967)		 (8,393)
-		 (26,045)
-
(5,295) (3,099) (8,393) (26,045)
(5,295)
6,195		 (3,099)
14,747		 (8,393)
20,942		 (26,045)
46,987
901 11,649 12,549 20,942

Page 1

Youth Futures Summary Income and Expenditure Account

for the year ended 31 January 2023

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net expenditure before tax for the year
Net expenditure for the year		 2023
£
48,475
48,475
56,755
113
56,868
(8,393)
(8,393)		 2022
£
98,754
98,754
124,687
113
124,800
(26,046)
(26,046)

Page 2

Youth Futures Balance Sheet

at 31 January 2023

Company No.
07925277
Notes
2023
£
Fixed assets
Tangible assets
9
113
113
Current assets
Cash at bank and in hand
12,436
12,436
Net current assets
12,436
Total assets less current liabilities
12,549
Net assets excluding pension asset or liability
12,549
Total net assets
12,549
The funds of the charity
Restricted funds
10
Restricted income funds
11,649
11,649
Unrestricted funds
10
General funds
901
901
Reserves
10
Total funds
12,549		 2022
£
226
226
20,716
20,716
20,716
20,942
20,942
20,942
14,747
14,747
6,195
6,195
20,942

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 October 2023

And signed on its behalf by:

D. Winfield Scott Trustee

31 October 2023

Page 3

Youth Futures Notes to the Accounts

for the year ended 31 January 2023

Basis of preparation

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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Fund accounting

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 Designated funds particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. 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 expenditure Where income has related expenditure the income and related expenditure is 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 donations and gifts Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates. Donated services and facilities These are only included in income (with an equivalent amount in expenditure) 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. This includes any gain or loss resulting from revaluing investments Gains/(losses) on revaluation of to market value at the end of the year. fixed assets Gains/(losses) on investment assets This includes any gain or loss on the sale of investments.

Page 4

Youth Futures 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 raising funds These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.

Expenditure on charitable activities These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs. Grants payable 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. Governance costs 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. Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 5

Youth Futures

Notes to the Accounts

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Total
Expenditure on:
Raising funds
Other
Total
Net income
Net income before other gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
5
Expenditure on raising funds
Costs of generating voluntary income		 Unrestricted
£
5,799
5,799
Unrestricted
£
10,754
10,754		 Unrestricted
funds
2022
£
10,958
10,958
21,770
994
22,764
(11,806)
(11,806)
(11,806)
18,001
6,195
Restricted
£
42,677
42,677
Restricted
£
39,040
39,040		 Restricted
funds
2022
£
87,796
87,796
101,523
513
102,036
(14,240)
(14,240)
(14,240)
28,986
14,746
Total
2023
£
48,475
48,475
Total
2023
£
49,794
49,794		 Total funds
2022
£
98,754
98,754
123,293
1,507
124,800
(26,046)
(26,046)
(26,046)
46,987
20,941
Total
2022
£
98,754
98,754
Total
2022
£
123,293
123,293

Page 6

Youth Futures Notes to the Accounts

6 Other expenditure

Unrestricted
£
Venue
-
Amortisation, depreciation,
impairment, profit/loss on disposal of
fixed assets
113
General administrative costs
1,383
Legal and professional costs
810
2,306
7
Net expenditure before transfers
This is stated after charging:
Depreciation of owned fixed assets
8
Staff costs
No employee received emoluments in excess of £60,000.
9
Tangible fixed assets
Cost or revaluation
At 1 February 2022
At 31 January 2023
Depreciation and impairment
At 1 February 2022
Depreciation charge for the year
At 31 January 2023
Net book values
At 31 January 2023
At 31 January 2022		 Restricted
£
1,770
-
2,998
-
4,768
2023
£
113		 Total
2023
£
1,770
113
4,381
810
7,074
Computer
equipment
£
450
450
224
113
337
113
226		 Total
2022
£
(60)
113
1,423
30
1,506
2022
£
113
Total
£
450
450
224
113
337
113
226

Page 7

Youth Futures Notes to the Accounts

10 Movement in funds

10 Movement in funds
Restricted funds:
Restricted income funds:
Total
Unrestricted funds:
General funds		 Incoming
resources
(including
other
gains/losses)
£
42,677
42,677
5,799		 Resources
expended
£		 Gross
transfers
£
(1,967)
(1,967)
1,967		 At 31
January
2023
£
11,649
(43,808)
(43,808)
(13,060)
11,649
901

Page 8

Youth Futures Notes to the Accounts

----- Start of picture text -----
|||| |---|---|---| |-| |48,475|(56,868)|12,549|

----- End of picture text -----

----- Start of picture text -----
||||| |---|---|---|---| |Total funds| |11|Analysis of net assets between funds| |Unrestricted|Restricted| |Total| |funds|funds| |£|£|£| |Fixed assets|113|-|113| |Net current assets|787|11,649|12,436| |900|11,649|12,549| |12|Reconciliation of net debt| |At 31| |At 1 February|January| |2022|Cash flows|2023| |£|£|£| |Cash and cash equivalents|20,716|(8,280)|12,436| |20,716|(8,280)|12,436| |Net debt|20,716|(8,280)|12,436|

----- End of picture text -----

13 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 9

Youth Futures Detailed Statement of Financial Activities

for the year ended 31 January 2023

Income and endowments from:
Donations and legacies
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Total of expenditure on raising
funds
Other expenditure
Venue
General administrative costs,
including depreciation and
amortisation
Depreciation of Computer
equipment
General insurances
Software, IT support and related
costs
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net expenditure
Transfers between funds
Net expenditure before other
gains/(losses)		 Unrestricted
funds
2023
£
5,799
5,799
5,799
10,754
10,754
10,754
-
-
113
714
266
259
144
1,496
810
810
2,306
13,060
-
(7,262)
1,967
(5,295)		 Restricted
funds
2023
£
42,677		 Total funds
2023
£
48,475
48,475
48,475
49,794
49,794
49,794
1,770
1,770
113
714
266
3,257
144
4,494
810
810
7,074
56,868
-
(8,393)
-
(8,393)		 Total funds
2022
£
98,754
42,677 98,754
42,677
39,040		 98,754
123,293
39,040 123,293
39,040
1,770		 123,293
(60)
1,770 (60)
-
-
-
2,998
-		 113
670
-
609
144
2,998 1,536
- 30
- 30
4,768 1,506
43,808
-		 124,799
-
(1,132)
(1,967)		 (26,045)
-
(3,099) (26,045)

Page 10

Youth Futures Detailed Statement of Financial Activities

Youth Futures
Detailed Statement of Financial Activities
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 -
(5,295)
6,195
901		 - -
(8,393)
20,942
12,549		 -
(3,099) (26,045)
14,747 46,987
11,649 20,942

Page 11

Youth Futures Independent Examiners Report

Independent Examiner's Report to the trustees of Youth Futures

I report to the charity trustees on my examination of the financial statements of Youth Futures for the year ended 31 January 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the charity 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 financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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.

Jebarson William

Amity Accountants 4 Whitchurch Parade Whitchurch Lane Edgware

HA8 6LR 31 October 2023

Page 0