Deb Heath From: Sent: To: C¢: Subject: Mike & Di Nicholls 27 November 2020 08'.45 Deb Heath Mike & Di Nicholls Youth Dream Annual Report Follow Up Flag: Flag Status: Follow up Flagged >>>>> During 2020 the Charity has continued to serve the young people of Selsey in fulfilment of its contratt with West Su55ex County Council to provide mental health 5ervice5 in the town throu8h the Bridge Youth Support Centre. All legal and safeguarding requirements have been met and fundraising carried out in accordance with policy. The requirements of the Academy school have been fully met. >>>>> We are grateful to our trustees and directors.. Bob Arnold, Chris Arnold. John Fletcher, Gerry Smith. Penny Cooper, Amelia Byles-Brigg5 and Mike Nicholls, to our Centre manager and all staff and volunteers. Amelia. Gerry and Bob have stood down and Chris Williams, Lee Sharp and Anna Gaymer have joined the board. >>>>> >>>>> During the year we have offered after school and holiday clubs, partnership work through the Se15ey Youth Network, information in print and on social media, 3(X) counselling sessions, 400 mentoring sessions, 200 hours in buildin8 resilience, ICQO hours of educational support and 500 hours of parenting and family interaction. This has been done in varied way5 through the Covid pandemic. >>>>> Environmental education has continued to feature in our programmes. as has social action projects of intergenerational and eco friendly kinds. Post 16 young people have been supported Into employment Sexual health support has continued in outreach provision in a limited way. >>>>> >>>>> We are grateful to all our statutory, commercial and charitable funders a5 well as training providers. The effects of the school fire in 2016 continue to influence the geography of our work. It is good to see the new bullding opened with all its opportunities. >>>>> Regular staff and trustee meetings have supervised our work and we have completed the year with all posts filled and adequate financial provision for 20201. This includes a successful use of a £30000 lottery grant to map youth need and provision across the Manhood Peninsula.A five year business plan has been agreed and a lease is beir)g negotiated with TKAT. Youth UK awarded us their first Steps Quality A55urante mark. The Youth Information project report charts youth provision with consortium partners across the Manhood Per)insula until 2024. A National Lottery Grant is being SOU8ht to cover the costs of staff and implementation. Men in Sheds have renovated the Hut and formed a happy partnership with The Bridge. In order to allow Youth Dream to focus on teen work with the Peninsula Consortium Partners all adult services have been transferred to Selsey Care Shop. >>>>> >>>>> Mike Nicholls 2020 >>>>> >>>>> ## **YOUTH DREAM SELSEY LTD DIRECTORS' REPORT AND UNAUDITED ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** Phoenix Accounting Services Ltd MAAT 3 Selsey Bus Ctr Selsey Chichester PO20 0RS ## **Youth Dream Selsey Ltd Directors' Report and Unaudited Abridged Financial Statements For The Year Ended 31 December 2020** ## **Contents** ||**Page**| |---|---| |Company Information|1| |Directors' Report|2| |Accountant's Report|3| |Abridged Income and Expenditure Account|4| |Abridged Balance Sheet|5| |Notes to the Abridged Financial Statements|6—7| |The following pages do not form part of the statutory accounts:|| |Abridged Detailed Income and Expenditure Account|8| **Youth Dream Selsey Ltd Company Information For The Year Ended 31 December 2020** |**Directors**|Mr John Fletcher| |---|---| ||Mr Robert Arnold| ||Mrs Susan Cooper| ||Mr Gerald Smith| ||Mrs Christine Arnold| ||Mr Michael Nicholls| ||Ms Anna Gaymer| ||Mr Christopher Williams| ||Mr Lee Sharp| |**Company Number**|8752886| |**Registered Office**|121 High Street| ||Selsey| ||West Sussex| ||PO20 0QB| |**Accountants**|Phoenix Accounting Services Ltd| ||MAAT| ||3 Selsey Bus Ctr| ||Selsey| ||Chichester| ||PO20 0RS| Page 1 ## **Youth Dream Selsey Ltd Company No. 8752886 Directors' Report For The Year Ended 31 December 2020** The directors present their report and the financial statements for the year ended 31 December 2020. ## **Statement of Directors' Responsibilities** The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Directors** The directors who held office during the year were as follows: |The directors who held office during the year were as follows:||| |---|---|---| |Mr John Fletcher||| |Mr Robert Arnold||| |Mrs Susan Cooper||| |Mr Gerald Smith|RESIGNED|31/12/2020| |Mrs Christine Arnold||| |Mr Michael Nicholls||| |Ms Anna Gaymer|APPOINTED|01/01/2020| |Mr Christopher Williams|APPOINTED|01/01/2020| |Mr Lee Sharp|APPOINTED|01/01/2020| ## **Small Company Rules** This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. By order of the board Date Page 2 ## **Youth Dream Selsey Ltd Accountant's Report For The Year Ended 31 December 2020** ## **Report of the Accountant to the directors of Youth Dream Selsey Ltd** These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2020. We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements. On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”. You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited. The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance. ## **Phoenix Accounting Services Ltd** Date Phoenix Accounting Services Ltd MAAT 3 Selsey Bus Ctr Selsey Chichester PO20 0RS Page 3 ## **Youth Dream Selsey Ltd Abridged Income and Expenditure Account For The Year Ended 31 December 2020** |**Notes**
**GROSS SURPLUS**
Administrative expenses
**OPERATING SURPLUS**
Other interest receivable and similar income
**SURPLUS FOR THE FINANCIAL YEAR**|**2020**
**£**
11,407
(7,488)
3,919
20
3,939|**2019**
**as restated**
**£**
21,960
(5,015)| |---|---|---| |||16,945
40| |||16,985| The notes on pages 6 to 7 form part of these financial statements. Page 4 **Youth Dream Selsey Ltd Abridged Balance Sheet As at 31 December 2020** |**Notes**
**FIXED ASSETS**
Tangible Assets
**3**
**CURRENT ASSETS**
Debtors
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
Income and Expenditure Account
**MEMBERS' FUNDS**|**2020**
**£**
**£**
521
521
4,079
51,835
55,914
(1,796)
54,118
54,639
54,639
54,639
54,639|**2020**
**£**
**£**
521
521
4,079
51,835
55,914
(1,796)
54,118
54,639
54,639
54,639
54,639|**2019**
**as restated**
**£**
**£**
633
633
1,325
54,043
55,368
(2,651)
52,717
53,350
53,350
53,350
53,350|**2019**
**as restated**
**£**
**£**
633
633
1,325
54,043
55,368
(2,651)
52,717
53,350
53,350
53,350
53,350| |---|---|---|---|---| |||521
54,118||633
52,717| ||55,914
(1,796)||55,368
(2,651)|| |||||| |||54,639||53,350| |||54,639||53,350| |||54,639||53,350| |||54,639||53,350| For the year ending 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. ## **Directors' responsibilities:** 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 Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. All of the company's members have consented to the preparation of an Abridged Income and Expenditure Account and an Abridged Balance Sheet for the year end 31 December 2020 in accordance with section 444(2A) of the Companies Act 2006. On behalf of the board Date The notes on pages 6 to 7 form part of these financial statements. Page 5 ## **Youth Dream Selsey Ltd Notes to the Abridged Financial Statements For The Year Ended 31 December 2020** ## 1. **Accounting Policies** ## 1.1. **Basis of Preparation of Financial Statements** The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. ## 1.2. **Turnover** Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. ## **Sale of goods** Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. ## **Rendering of services** Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. ## 1.3. **Tangible Fixed Assets and Depreciation** Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: ## Fixtures & Fittings 25% SL ## 2. **Average Number of Employees** Average number of employees, including directors, during the year was as follows: |Office and administration
.
**Tangible Assets**
**Cost**
As at 1 January 2020
Additions
As at 31 December 2020
**Depreciation**
As at 1 January 2020
Provided during the period
As at 31 December 2020
**Net Book Value**
As at 31 December 2020
As at 1 January 2020|**2020**
8
8|**2019**
8| |---|---|---| |||8| |||**Total**
**£**
4,931
150| |||5,081| |||4,297
263| |||4,560| |||521| |||634| ## 3. **Tangible Assets** Page 6 ## **Youth Dream Selsey Ltd Notes to the Abridged Financial Statements (continued) For The Year Ended 31 December 2020** ## 4. **Reserves** Youth Dream (Selsey) Ltd operates a three year business plan with a fundraising strategy and business risk assessment. Each year a budget of income and expenditure is prepared with the expectation of all monies toe be spent on the charities aimes. The only exception to this is that £4000.00 is ring fenced to pay for closure costs should the charity fail to sustain any funding opportunities.This is reviewed each month at the directors meetings. The reserve balance is to always maintain 6 months expediture and is monitored regularly so that actions can be implented should they near this figure. ## 5. **Company limited by guarantee** The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £10. ## **6. Grant Analysis** Grants Received withing in the year were as follows :- Banking 370 Banking 370 CAG 1000 CAF 1911185250cg 500 Chichester District Council 5000 Children in Need 10000 Clarion Homes 4235.81 East Wittering and Bracklesham Council 5000 Ferry Farm 1000 Groundworks 5000 Henry Smith Charity 7000 Unknown income 200 lewis & Crowhurst 60 Lottery 30000 Northampton LPC 350 PCC for Sussex 2500 Phoenix Snack Shack 12756 Post office banking 800 Rescendo Dance Live 500 RHS 500 Rock Challenge 1856.81 SCF 36300 SDA Groundwork 800 Selsey Dementia 1000 Stoke comput 1000 Sussex Community Fund 10000 Youth Services 750 ## 7. **General Information** Youth Dream Selsey Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 8752886. The registered office is 121 High Street, Selsey, West Sussex, PO20 0QB. The charity number is 1155982 Page 7 ## **Youth Dream Selsey Ltd Abridged Detailed Income and Expenditure Account For The Year Ended 31 December 2020** |**TURNOVER**
Grants and subsidies received
Other trading income
**COST OF SALES**
Purchases
Subcontractor costs
Wages and salaries
Employers pensions - defined benefit schemes
Travel and subsistence expenses
**GROSS SURPLUS**
**Administrative Expenses**
Staff training
Rent
Repairs and maintenance
Cleaning
Computer software, consumables and maintenance
Insurance
Printing, postage and stationery
Telecommunications and data costs
Website costs
Accountancy fees
Legal fees
Consultancy fees
Depreciation
Sundry expenses
**OPERATING SURPLUS**
**Other interest receivable and similar income**
Bank interest receivable
**SURPLUS FOR THE FINANCIAL YEAR**|**2020**
**£**
**£**
124,746
2,073
126,819
8,196
2,725
101,106
2,379
1,006
(115,412)
11,407
30
2,687
20
125
403
2,036
-
568
57
485
695
105
261
16
(7,488)
3,919
20
20
3,939|**2020**
**£**
**£**
124,746
2,073
126,819
8,196
2,725
101,106
2,379
1,006
(115,412)
11,407
30
2,687
20
125
403
2,036
-
568
57
485
695
105
261
16
(7,488)
3,919
20
20
3,939|**2019**
**as restated**
**£**
**£**
138,849
1,984
140,833
11,138
5,364
99,240
2,379
752
(118,873)
21,960
150
-
394
10
431
2,096
26
792
24
656
89
-
330
17
(5,015)
16,945
40
40
16,985|**2019**
**as restated**
**£**
**£**
138,849
1,984
140,833
11,138
5,364
99,240
2,379
752
(118,873)
21,960
150
-
394
10
431
2,096
26
792
24
656
89
-
330
17
(5,015)
16,945
40
40
16,985| |---|---|---|---|---| |||126,819
(115,412)||140,833
(118,873)| ||30
2,687
20
125
403
2,036
-
568
57
485
695
105
261
16||150
-
394
10
431
2,096
26
792
24
656
89
-
330
17|| |||11,407
(7,488)||21,960
(5,015)| ||20||40|| |||3,919
20||16,945
40| |||||| |||3,939||16,985| Page 8 CHARITY COMMISSION FOR ENGLANO ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesldirectorsl members of Youth Dream (Selsey) Ltd On accounts for the yoar ended 31st De￿rnber 2020 Charity no.: 1155982 Company no.: 8752886 Set out on pages I report to the charily Iruslees on my examinalion of the accounts of the Company for the year ended 3111212020. Responsibilities and basis of report As the charity's trustees of the Company (who are also the directors of the ompany for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies A¢1 2006 ("the 2006 Act.). Having satisfied myself that the accounts of the Company are nol required to be audited for this year under Part 16 of thè 2006 Act and are eligibl6 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 Acri. In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5Mb) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that.. accounting records were kept in accordan￿ with section 386 of the Companies Act 2006- or the accounts do not accord with such records., or the accounts do nol comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter Gonsidered as part of an independent examination., or .the accounts have not been prepared in accordance with the Charities SORP {FRS102). I have no Goncerns 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. Please delete the words in the brackets if they do not apply. Signed: Date: IER October 2018 Name: Relevant professional qualification(s) or body (if any): Address: Section B Disclosure Only complete if the examiner needs lo highlighl material matters of concern (see CC32, Independent examination of charity accounts= directions and guidance for examiners). Give here brief details of any items that the examinerwishes to isclose. IER October 2018