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.
- 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.
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**
- 1 **Accounting policies**
## **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:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act 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; or
- the financial statements have not been prepared in accordance with the Charities SORP (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 financial statements to be reached.
Jebarson William
Amity Accountants 4 Whitchurch Parade Whitchurch Lane Edgware
HA8 6LR 31 October 2023
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