REGISTERED COMPANY NUMBER: 08114741 (England and Wales) REGlSfERED CHARITY NUMBEK. 1156805 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FOR TOKKO LIMITED Spicer & Co UK Limited Chartered Accountants 5 Eleanorfs Cr05S Dunstable Bedfordshire LU6 ISLI
TOKKO LIMITED CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 JUNE 2024 Page Report of the Trustees Independent Examlner's Report 10 Statement of Financial Activities 11 Balance Sheet 12 Notes to the Flnanclal Statemerrts 13-22 Detailed Statement of Flnancial Activitles
TOKKO LIMITED {REGisfERED NUMBER: 081147411 REPORT OF THE TRUSTEES For the year ended 30 JUNE 2024 TOKKO LIMITED REGISTERED NUMBER: 08114741 REPORT OF THE TrusfEES For the year ended 30 JUNE 2024 The trustees, who are also Directors of the charity for the purposes of Cornpany Law. present thelr annual report together wlth the financlal statements for the year ended 30 June 2024. They are prepared In accordance wlth the accountlng policies set out in note I to the flnantial statements and comply wlth the Charitie5 Act 2011, the Companies Act 2CK16. the Memorandum and Articles of Association and Accountlng and Reportlng by Charities: Ststement of Recommended Pract1 appllcable to charftles preparln8 thelr financlal statements In accordance with the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 20191. ObJectlve$ and Actlvltles Vlslon: The charity's vision is for all young people in Luton to aspire. be happy and healthy. We do this throu8h- (a) The development and Implementation of an expanded. attractive. Incluslve, up to date and purposeful offer for Luton's young people that strlkes the right balance between: . Open access, unlversal youth work. . Targeted youth work. • Other targeted Servi$. (b) Ensuring authentic engagement of young people throughout all our work and at all levels In the charity. (c) Dlvers6fyln8 and extending our partnership working for the benefit of young people and communities. (d) Embracin8 dlgltal technology across everything we do. (e) Becoming a $111ent and sustalnable charity for the long term. Publk benefit The Tntstees have referred to the guidance contained in the Charity Commission's general guidance on publlc benefft when reviewing their aims and objectives and in planning future artivities. In particular. the Trustees consider how planned activities will contribute to the aims and objectives they have set. Pagell
TOKKO LIMITED (REGISTERED NUMBER: 08114741) REPORTOFTHETrUSTEE5 For the year ended 30 JUNE Z024 The publlc beneflt outcomes Identmed by the Trustees are: l. Engage young people to explore and deslgn proposals for creatlve and fun support seNke5, grow open access and universal youth work provision (potentialty both In person and digitally) to be delivered at times and in settings to suit them (e.g. including outreach work in schools). 2. Support young people to access age-appropriate positive learning activities, recreation, support and training that builds self-confidence, infOrceS Inclusion within social networks and promotes opportunities to engage in non-formal education. 3. Provide a learning methodology to enable young people to develop skills to ralse thelr aspirations, realise their potsntlal and have thelr achievements recognlsed, thereby reduclng the rlsk of them experiencing social exclusion and being drawn into antisocial or criminal behaviour. 4. Empower young people as indlviduals so that they may artivety engage in and contrlbute to the planning prOs5 and future directlon of the charity, the communities in which they Ilve and take greater responsibility for planning their own lives. 5. Develop and grow our d1ct dellvery reaching more young people and creatlng positlve activitie& 6. Provide a safe place for young people to access Information. advice and guldance. and bespoke SUPPOrt accordln8 to thelr Indlvidual needs. In pursuit of these objectives, the charity works in a non4iscriminatory manner. The strategies employed by the charfty in relatlon to these actlvities are: l. EnSur1r that young people sit at the heart of what we do, creating opportunities that put young people at the centre of all our activities. 2. To be stron8 advocates for our work, our sector. for young people and the TOKKO brand. 3. To strengthen and grow our network of partner5, creating a robust and 5UPPOrtive network and developing new partnerships for InCased ach and activity. 4. To be a resilient arKI sustainable business-like organisation that values our people. Chalrfs Introductlon As Tokko enters Its second decade since opening its doors to the Luton Communlty, we look back at the benefits that have delivered to the youth community in Luton with prlde, and look fOard wlth excitement to a period of transformation, which we hope will bring Ereater diversity across all areas of the charity and open greater opportunities to the young people of Luton in the flrture. I reflect positively on the great work started last year, and the efft)rts by all the staff to make step changes In organisational structure and working procedures, along with the continued efft)rts to ensure that young people play an active role Sn keeping us true to the charitles objectlves Page12
TOKKO LIMITED {REG15fERED NUMBER: 08114741) REPORT OF THETRusfEES For the year ended 30 JUNE 2024 The trustees are confident that during the years to come Tokko will be a stronger and more relevant charityforthe young people of Luton. Chlef Executi officerfs Introductlon As a charity that has been on an extraordinary journey of transfonnation, one of our strengths Is that youn8 people themselves are partners in the work we do. and this year more than ever, their volces have been prominent and powerful. They are true experts and• guided and enabled by our teams. they have been supported to have clear Infiuence. The pandemic may feel Ilke the distant past. yet the ramifications of mental health Issues, Increaslng Inequality, and the on80ing cost-of-living crises continue. The numbers not in education or employment have rlsen by l(K),OCKI In recent months, at the tlme of wrltln8. More than one In four children Sn the UK are living in poverty, and mental health problems among the young have doubled in a decade. We want to show them their voices can be heard. Young people have been present in many aspects of our work thls year. They challenge us with their own perceptions and enllghten us with their own experlences, expanding our strength as an or8anlsatlon. Our young Trustee regularly educates us wlth their humility around whatthey don't know and their insights about what they do. We contlnue to be on a transformattonal journey as a charity, findlng ways to Involve others and Increase our influence. Ourgoals for change have been internal, too. We are workin8 hard to build the right culture, envlronment, and capabilltles thls work needs. We are maklng slow but steady progress in our work to diversify all levels of the chartty. We have made transformational change In the raclal and gender dlverslty of our Board and In the racial make-up of our leadership team. As Tokko olebrated its 10th anniversary in 2023, it was a chance to take stock of the Impact we've had on young people over the last decade and share our many successes, and as we embarked on our refurbishment project at the beginning of 2024, we looked to the future by publlshlng our new 3-year strategy, which set5 out how we'll take forward our mission. A grant of £1.3 million from the UK Govemment's Youth Investment Fund pald for a refurbishment of the youth centre. The new space will benefit both young people and the local community and means we wlll be able to support more young people.TokkoYouth Space has been transformed Into a vlbrant new space for young people, giving them new opportunltles to enhance thelr wellbein& have fvn, and grow their self-confidence. The new Gym faclllty wlll support Implementatlon of programmes designed to help dlsadvantaged young people develop personal strategies for change through fitness. The programme will ernphasize breaklng down large goals into smaller, achlevable steps, demonstrated through progresslve physlcal actlvlty. Belng young right now rnay feel overwhelming to many• but at Tokko Youth Space we want to join In with the volces of hope. We contlnue to be hopeful and expectant for change. We walk with them. side byside. Confidentthat togetherwecan notonly handle. butshape whatthe yearahead will bring. Page13
TOKKO LIMrrED (REGisfERED NUMBER: 08114741) REPORT OF THE TRusfEES For the year ended 30 JUNE 2024 Our Vlslon Is for all young people Tn Luton to a5plre. be happy arnl healthy. The aim of the Charty is to preserve and provide for the Physical and Mental Health of Young People aged 11-25 years by provldlng advlce. Infomiatlon and support, without distinction of sex, sexuality, disablllty. race or polltkal, religlous or other oplnlons. Vlslon For all young people In Luton to aspire, be happy and healthy Misslon We engage. encourage and empower Luton's young people to aspire, be happy and healthy through an open access, universal and tsrgeted offer Values WELCOMING INCLUSIVE SUPPORTIVE SAFE PROGRESSIVE WHAT WE DO: Inlorniatlon. Advlce and Guldance: Over 100 young people benefitted from regular l-l sesslons dellvered via Open Access Drop In sessions. Mental Health and Wellbeln8 Servlce$: Counselling We leamt how much of a difference we made to the Ilves of youn8 people and theirfamilies when the pandemlc struck. We have learnt that a combination of different methods of support to deliver counsellln8 provides the best opportunity for young people to access our services- enabling Tokko Youth Space to delNer 1524 sessions this year. Page14
TOKKO UMITED (REGISTERED NUMBER: 08114741) REPORT OF THE TRUSTEES For the year ended 30 JUNE 2024 Detached and Outreach Work: In partnership wlth Luton Borough Councll Youth Partnership Service we have engaged 612 young people In areas of high deprlvation during term tlme and periods of school holidays. There has been an increase in anti-social behaviour in the town centre and an escalation In youth violence across the locality. In response, we have been keen to broaden our reach of our actfvities to a greater number and ron8e of young people. We have appointed a Youth participation Offir. allowing our partnership with the Youth Partnership Service and Barnfield College to develop. Young People's Participation and Soclal Actlon ProJert&" The Interact Project have InflUend the work and d1ctIOn of the Charity, with Staff taking a lead from the thinking and experience of the Youn8 People. This included the focus on the experience of being part of the LGBTQ+ Community, and Social Action Projects whlch have included work to empower Young Women affected by domestic abuse and sexual assault. and Healthy Relationship Workshop& hlevement and Progress 4ainst our Targets Havin8 set out our ambition for the next 3 years we are committed to tracking the dlfference we're making foryoung people. We wlll track the progress of our strategy in terms of: • Whether our developlng and exp?ndlng offer15 attractlve. Intluslve and wrposeful- It is important to understand where positive change is being made for young people. We record the numbers of young people engaging with our actlvitles and monltor whether their emotional health and wellbeing has improved during the course of their engagement. • To dlversify and extend our partnership working- by working together with others we believe we will reach more children, and we will better achieve our ambltion to be significant and locally relevant. We report the numbers of young people. families. professionals engaged thmuEh our promotional and marketing activities. • To eThire authentic engaEement of young people- We gather feedback from youn8 people who engage with our activities to better under5tsnd their experience of the support they receive. • How we are performlng- We track whether we're performlng effertlvely and making efficient use of our income. For example, we track and report our reach to children and young people and people who workand volunteerwith young people. We also monitorwhere our support comesfrom. and our income and expenditure. Page15
TOKKO UMITED (REGisfERED NUMBER: 08114741) REPORT OF ThE TRUSTEES For the year ended 30 JUNE 2024 Our Ongolng Prforltles The followlng priority areas were identified during our Tokko Strategic Review Meetings held throughout 2023124. influenced and informed by Young People. Staff and Trustees. Tokko continues to focus on maintaining its Core SerVis whilst adapting and SpOnding to the needs of beneficlaries. The Charity will work with Young People to Identlfy and create new servi5. developin8 a clear list of projects ready for potential fundlng appllcation5. We will continue to develop new Outreach opportunitie5 With schools and neighbourhood communities whilst maintaining and developing relationships with funders and local businesses. Mental health and Wellbelng Services: Our Mental Health & Wellbeing Counselling SeNice continues to offer Youn8 People a cholce of onllne and face-to face support, notsbty after the end of the Pandemic Increasingly Young People preferred to opt for faCe-tO-fa support. Tokko contlnues to offer a counselling modalities 4 days a week Including every Saturday. weekday afternoons and evenings. During the year. the Counselling Service supported 254 individual Young People and delivered 1524 se55ions. Top presenting issues- Anxiety (50%) Anger (16%) and Low mood (4%) remain the top presenting issues followed by Abuse (4%) and Depresslon (3%). Often these issues are psented with a range of underfying problems includln& but not surprisingly anxlety, anger, deallng wlth change, family i55ues, attachment Issues. Detathed and Outreath WorL. The Detached Team were out on the streets four evenln8s per week In all weathers, coverlng the most deprived areas in Luton. During the school summer holidays the Youth Participation Officer was part of the Local Authorlty programme that offered Young People a variety of diversionary activities as an alternative to Young People being drawn into risk taking activities durin8 their school holidays. Governance Good governan Is fundamental to our sustalned success as a charlty. Wlth good governance In place. we are best Pla to dellver on our mlssion and achieve our objectives. It enables all our people to Use their skllls, together wlth the Charivs resources. to best effecL It helps ensure we are compllant with all levant leglslatlon, constantly reviewing the risks we are facin& ensuring we provide safeguardlng standards of the highest quality, and supports a posltlve culture for all of our people, includin8 our We belleve strong and effectfve leadershlp has helped the Charity adopt an appropriate strate8y for effectively delivering its aims. It also sets the tone for the charity, Including its vision, values and reputation. The board works as an effective team, using the appropriate balan of skllls, experien, Pagel 6
TOKKO UMITED (REGisfERED NUMBER: 08114741} REPORT OF THE TRUSTEES For the year ended 30 JUNE 2024 backgrounds and knowledge to make informed decisions. Trustees are appointed on the basls of the skllls that they brin8. Regular dlverslty and skills audits have been undertaken to ensure that there Is an appropriate mix of Skills, experience and backgrounds around Board table. Reserves policy statement TOKK(Ys sets reserves aslde to protect the charlty against drops in income and allow it to take advants8e of new opportunities. In addition TOKKO has a range of commitments in relation to the buildin& and our reserves policy amount ensures the charfvs commitments can be met for a 6 month perlod in the event that there is a requirement to wlnd up the charity. Thich includes redundancy Ilability; utility & salary commitments, project/funding commltments and assumes income can stlll also be generated throLEh venue hire. Our reserves policy is reviewed a minimum of bi-annually at trustee board meetings. There 15 a desire to demonstrate TOKKO'S integrity as a charity by ensurfng funds remain in reseNe to prevent any financlal Impact from the charity. Statement ol Ttee¢ Responslbllltles TheTrustees are responslble for preparlng the Trusteeg report and finanaal statements In accordance wlth appllcable law and United Kin8dom Accountln8 Standards (United fingdom Generally Accepted Accounting Practice}. Company law requires the Trustees to prepare financlal statements for each financial year which give a true and fair view of the state of affairs of the Centre and of the Income and expenditure of the organisation for that period. In preparlng these financlal statements, the Trustees are requlred to: • Select sultable accountlng pollcles and then appty them conslstentty: ObseNe the methods and principles in Accountir8 and Reportin8 by Charitles: Statement of Recommended practi applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of IrelaNI {FRS 1021; • Make judgements and estimates that are reasonable and prudent; • State whether applicable United Kingdom Accounting Standards have been followed, subject to anv material departures dlsclosed and explalned In the flnanclal statements; and Prepare the financial statements on the going concem basis unless it Is inapproprlate to presume that the organlsatlon wlll contlnue In operatlon. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the organisation and enable them to ensure that the financial statements comply wlth the Companies Act 2006. They are also responslble for safeguarding Pa8e17
TOKKO LIMITED (REGisfERED NUMBER: 08114741) REPORT OFTHE TRUSTEES For the year ended 30 JUNE 2024 the assets of the organi5ation and hence fortaklnE reasonable steps forthe prevention and detection of fraud arKI other irregularfties. Each of the Trustees confirms that: • So far as the Trustee is aware, there is no relevant audlt information of which the organisation's auditor is unaware; and . The Trustee has taken all the steps that helshe ought to have taken as a trustee in order to make himselflherself aware of any relevant audit infonnation and to establish that the organisation's audltor is aware of that inforniation. This confirniation is given and should be interpreted in accordance with the provlslons of s418 of the Companies Act 26. The Trustees are re5pon5ible for the maintenance and integrity of the corporate and financial infomiation included on the organisation's website. Legislation In the United Klngdom governing the preparation and di55emination of financial statements may differ from legislation in other jurisdictlons. REFERENCE AND ADMINisfRATIVE DErAIis Reglstered Company Nmljer 08114741 {En8land and Wales) Registered Charfty number 1156805 Reclstered office 7 Gordon Street Luton Bedfordshlre LUI 2QP Trustees Usman Ahmed (appolnted 18th May 20231 Matthew Bushell (appointed 28th November 2023) Philip Hobson Asma Khan lappointed 10th January 2024) Jennifer Melrose (appointed 4th July 2023) Bronwen Philpott Pagel 8
TOKKO LIMITED (REGISTERED NUMBER: 08114741) REPORT OF THE TRUSTEES For the year ended 30 JUNE 2024 Justin Richardson {appolntsd 13th June 2023) Independent Examlner Suzanne Spiter FCA Splcer & Co UK Limited Chartered Accountants 5 Eleanorfs Cross Dunstsble Bedfordshlre LU6 ISU Chlef Executhie Aimee Diengiz Bankers Metro Bank Pk I Southampton Row London WCIB SHA Approved ty the Trustees and slgned on thelr behalf by: Philip Hob , Chalr of the Trustees Page19
INDEPENDENT EXAMINEIVS REPORT TO THE TRUSTEES OF TOKKO LIMrrED (REGISTERED NUMBER: 08114741) Independent examiner's report to the trustees of Tokko Llmited I'the Company.) I report to the charity trustees on my examination of the financial statements of the Company forthe year ended 30th June 2024, which are set out on pages 11 to 20. Responslbllltles and basls of report As the charity'5 trustee5 of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance wtth the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the flnancial statements of the Company are not required to be audited under Part 16 of the 2006 Act or section 144121 of the Charities Act 20111'the 2011 Act'l and are eligible for independent examination, I report in respect of my examination of yOLsr charity's financial statements a5 carried out under section 145 of the Charities Act 20111'the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Att. Independent examlner's statement Since the company's gross income exceeded £250.000 your examiner must be a member of a bodv listed in 5ertion 145 of the 2011 Act. I can confirm that l am qualified to undertake the examination because l am a registered member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies; I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to belleve: accounting records were not keptin respect of thecompany as required by5ection 386 of the 2006 Act; or 2. the financial statements do not accord with those records; or 3. the financial statements do not comply with the accounting requirements of 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 4. the financial statement5 have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accountin8 and reportlng by charities (applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 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. AJH-CQ Suzanne Spicer FCA Spicer & Co UK Limited Chartered Accountants 5 Eleanorfs Cross Dunstable Bedford5hlre LU6 ISU oaf Page 110
TOKKO LIMITED (REGISTRATION NUMBER: 08114741) STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 JUNE 2024 2024 Total 2023 Totsl Unrestricted Restricted INCOME AND ENDOWMENTS FROM: Notes Donations and legacles Grant income 39,926 133,077 39,926 576,501 3,240 317,879 443,424 Charitable activities Investment income 125,777 3,586 178,725 304,502 3,586 132,457 321 Totsl 302,366 622,149 924.515 453,897 EXPENDITURE ON Charitable activities 251,951 257,041 508,992 430,630 NEf INCOME 50.415 365.108 415,523 23.267 RECONCIUATION OF FUNDS Totsl funds brought forward 223,443 91,372 314,815 291,548 TOTAL FUNDS CARRIED FORWARD 273,858 456,480 730.338 314,815 Page 111
TOKKO LIMITED (REGISTRATION NUMBER: 08114741) The notes form part of these flnandal statements BALANCE SHEEr 30 JUNE 2024 2024 2023 FIXED ASSETS Tangible assets Notes 88.044 13,978 CURREMf ASSETS Debtors Cash at bank and in hand io 47.022 634,301 681,323 78,697 327,838 406,535 CREDrroRS Amounts falling due within one year li {39,029) (105,698) CURRENT ASS5 642,294 3CX),837 TOTAL ASSETS LESS CURRENT LIABILITIES 730,338 314,815 NEf AS5Ef5 730,338 314,815 FUNDS Unrestricted funds Restritted funds 13 27358 456.480 730,338 223,443 91,372 314,815 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 forthe year ended 30 June 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 In accordance with section 476 of the Companie5 Att 2006. The trustees acknowledge their responsibilities for (a) ensuringthatthe charitable company keeps accounting records thatcomply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial ststement5which givea true and fairview of thestateofaffalrsof the charltable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the reqU1MentS of Sectlons 394 and 395 and which otherwise comply with the requirements of the Cornpanies Aci 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepad in accordan with the provisions applicable to charitable companie5 subject to the small companies, regime. The financial statements were approved by the Board of Trustees and authorized for issue on ................... and were signed on its behalf by: Philip Hob50n, Chair of the Trustees Q.S.74. loz< Page112
TOKKQ LIMITED (REGISTRATION NUMBER: 08114741) The notes fomi part of these finandal statements NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 JUNE 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note{s) to these financial statements. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charitie5 preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019) and the Companies Act 2006. The charity meets the definition of a public benefit entity under FR5102. The presentation currency of the financial statements is in Pounds Sterling 1£), which is the functional currentv of the tharifv. Company 5tatu5 Thecharity is a company limited byguarantee. The members of the charity are the trustees named on page 10. In theevent of the charity belng wound up, the liability in respect of the guarantee is limlted to £10 per member of the charity. Income recognitlon Grant income is accounted for in the period in which it is to be used. Government grants are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be rnet, usually on submission of a valid claim for payment. All other income is included in the Statement of Financial Activities when the charity is legally entitled tothe income and the amount can be quantified with reasonable accuracy. Forlegacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy bein8 received. Gifts in kind donated for distribution are included at Valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilitie5 are included atthevalueto the charitywhere thiscan be quantified and a third party is bearing the cost. No amounts are included in the accounts for services donated by volunteers. Investment income is included when receivable. Expenditure recognition All expenditure Is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Costs of generating funds comprlse the costs a550ciated with attracting voluntary income; mainly in relation to fundraising events. Charitable expenditure comprises those costs incurred bythe charity in the delivery of itsactivities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to SUPPOrt them. Page113
TOKKO LIMITED (REGISTRATION NUMBER.. 08114741) NOTES TO THE FINANCIAL STATEMENTS (continued for the Year Ended 30 JUNE 2024 Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fee5 and costs linked to the strategic management of the charity. AII costs are allocated between the expenditure cate8ories of the Statement of Financial Activities on basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, percapita orestimated usage as set out in Note 2. Tanglble flxed assets Depreclatlon is provided at the following annual rates in order to write off each asset over Its estlmated useful life. Leasehold property improvement - the lower of IO% or over the remaining life of the lease. unless underwrltten by the Local Authority Plant & Machinery - 20% on cost or over the remaining life of the lease. Fixtures and fittings - 20% on cost or over the remaining life of the lease. Computer equipment - 20% on cost or over the remaining life of the lease (laptops treated as revenue expenditure) Energy - To be reviewed on a project basis due to different UEL expected. Plan to be between 10% and 5% Items of equipment are capitali5ed where the purchase price eXedS £5,(MXI. Irrecoverable VAT Costs are included in the capitslised costs On a project exceeds £l(X)k. Assets obtalned under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Obligation under such agreements are included in creditors net of the finance charged allocated to futu periods. The finance element of the rental payment is charged to the profit and loss account to produ constsnt periodic rate of charge on the net obligation outstandln8 In each perlod. Taxation The charity Is exempt from corporation tax on it5 charitable activities. Fund accounting Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordan with specific restrictions imposed by donor5 or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. This includes grant funds which are given for specific purposes. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. ContribLrtions payable to the charitable company'5 penslon scheme are charged to the Statement of Financlal Activitie5 in the period to which they relate. Page114
TOKKO LIMITED (REGISTRATION NUMBER: 08114741) NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 30 JUNE 2024 INVEsfMENT INCOME 2024 Total fund5 2023 Total Funds Unrestricted funds Restrfcted funds Interest reoived 3,586 3,586 321 INCOME FROM CHARITABLE AcllviTIES 2024 2023 Actlvlty Charitable activities Charitable actbvltles Charitable activltles Charitable activities Charitable activities Project income Counselling Income Membershlp Other income Rent and room hire 129,788 ILX),746 135 221 73.612 304,502 84,803 312 16,005 31,337 132A57 Page115
TOKKO LIMITED (REGISTRATION NUMBER: 08114741) NOTES TO THE FINANCIAL STATEMENTS {continued) for the Year Ended 30JUNE 2024 CHARITAgLE AcllvmES COSTS 2024 2023 Costs dlrectly related to activlties Staff costs Project expenses General office Advertising Website and computer costs 271,624 137.986 1.102 1,133 4,555 275.084 56.847 1.019 2.856 Tralning Refreshment and caterlng 1,2(Kl 343 494 Bad debts Sundry expenses Volunteer expenses Motor expenses Accounting Fees Professional & Legal Fees GoVernaft costs: independent examinerfs fees 11,241 80 310 33 650 7,670 49 2A30 444.105 2.250 339.285 Support costs allOted to actlvltles Prem15es Communications 60,963 8,224 83,364 3.890 Depreciation 14,3(X)) 64,887 4,091 91,345 T¢)tal expenditure 508,992 430,630 Total expenditure includes Independent examlnerfs fees 2A30 2,250 NET INCOME Net income/lexpenditure) is stated after chargin811creditingl: 2024 2023 Depreciatlon- owned assets {4,659 4,091 Page116
TOKKO UMITED {REGISTRATION NUMBER: 08114741) NOTES TO THE FINANCIAL STATEMENTS {continued) for the Year Ended 30 JUNE 2024 TRusfEES' REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 30June 2024 nor for the year ended 30June 2023. None of thetrustees received any remuneration from the charity during theyear12023- nill. Durin8 the year an expense payment of £51.05 was made to U Ahmed in re5pert of volunteerlng expenses. There We no trustees, expenses paid for the year ended 30 June 2023. STAFF COSTS 2024 2023 Wages and salarles Soclal security costs Other pension costs 243,2CKI 18,476 9,948 271,624 246.089 18,781 10,214 275.084 The average monthly number of employees durin8 the year was asfollows: 2024 2023 Direct servi5 Mana8ement and admlnlstration 11 io During the year ending 30 June 2024 one employee received emoluments between £60.tK £70,(K)O. The amount paid wa5 to key personnel. COMPARATIVES FOR THE STATEMEKf OF FINANaAL ACTivmES Unrestricted furKIs Restrlcted fvnds Total funds INCOME AND ENDOWMENTS FROM Donations and leEacies Grant income Charitsble attivities Investment income Total 3.240 3.240 338,649 321 342,210 111,687 450.336 321 453,897 111.687 EXPENDITURE ON Charitable activities 318.123 112.507 430,630 NET INCOMV(EXPENDrruRE) 24,087 {820) 23,267 RECONCILATIONS OF FUNDS Page117
TOKKO LIMITED (REGISTRATION NUMBER: 08114741) NOTES TO THE FINANCIAL STATEMENTS (contlnued) for the Year Ended 30 JUNE 2024 10. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONEYEAR 2024 2023 Trade debtors Other debtor5 23,439 24.594 100 VAT Prepayments and accrued income 15,650 7,933 47.022 49,656 4,347 78,697 Total funds brought fonvard 199.356 92,192 291.548 TufAL FUNDS CARRIED FORWARD 223.443 91,372 314,815 TANGIBLE FIXED ASSETS Leasehold Improvements Motor Vehicles Equlpment Total cosr At l July 2023 Addltions 9,693 18,637 18.601 28,330 69A07 50.806 At 30June 2024 9,693 37,238 97,737 DEPRECIATION At l July 2023 9,693 4.659 14,352 Charge ft)rthe year (4,659) (4,659) At 30 June 2024 9,693 9,693 NEf BOOK VALUE At 30 June 2024 50,81XS 37,238 88,044 13,978 At 30 June 2023 13,978 Page118
TOKKO UMITED (REGISTRATION NUMBER: 08114741) NOTES TO THE FINANCIAL STATEMENTS (contlnued) forthe Year Ended 30 JUNE 2024 CREDrroRS: AMOUNT FAWNG DUE wrrHIN ONE YEAR ii. 2024 2023 Trade creditors Accruals Other creditors 4,167 10,825 24,037 39,029 27,761 77,937 105,698 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Totalfunds Unrestricted funds Restritted funds Flxed assets Current assets Current liabllltles 88,044 368,436 88,044 681,323 (39.029) 13,978 406,535 (105,698) 312,887 {39.029) 273,858 456,480 730.338 314,815 Page119
TOKKO UMITED {REGISTRATION NUMBER: 08114741) NOTES TO THE FINANCIAL STATEMENTS (continued) for the Year Ended 30 JUNE 2024 13. MOVEMENT IN FUND5 Net movement in funds At 1.723 At 30.6.24 Unrestrlcted funds General fvnd 223,443 50.415 273.858 Restricted funds Restrlcted fund5 91,372 365.108 456.480 TOTAL FUNDS 314,815 415,523 730,338 Compar*ives fr)r movement in funds Net movement In funds At 1.7.22 At 30.6.23 Unrestrlcted funds General fund 199,356 24.087 223.443 Restrlcted funds Restricted funds 92.192 {820) 91.372 TOTAL FUIIDS 291.548 23,267 314,815 Page120
TOKKO LIMITED (REGISTRATION NUMBER: 08114741) NOTES TO THE FINANCIAL STATEMENTS (continued) forthe Year Ended 30 JUNE 2024 14. DETAILED MOVEMENT IN FUNDS Net Resources movement At Expended in funds 30.6.24 Incoming At 1.723 Resources Unre5trlcted funds General funds 223,443 302,366 251,951 50,415 273,858 Restrlcted funds YIF NHS Luton CCG & BLCF Taskforce- Counselllng 321,147 50,768 270,379 270,379 6.439 100.746 42,512 58,235 64.673 Active Luton 14,085 14,085 YP LG Project Luton Borough Councll- YourvJ Parents Project 41,895 41,895 141,895) 9,579 51A50 5,443 46,lJ)7 55.586 YP Interact Project 3,038 3,038 YP Erasmus Programme 907 907 (o) YP Mentorlng 1,521 1.190 2,711 11,521) YP Task Force 7,309 7,309 YP Disability Project 2.688 2,688 {2,688) YP Ladies Wth Attde 8,186 8,186 (8,186) Interact 3,192 3,192 {3,192) LlfewSse 7,777 7.777 (7.777) Roteract 451 451 {451) Volunteer exper 1,970 1,970 (1,970) Prlntlng 317 317 (317) Taskforce 7.358 7,358 (7,358) Bl8 Lottery Project 105,347 39,505 65,842 65.842 Page121
TOKKO UMITED (REGISTRATION NUMBER: 08114741) NOTES TO THE FINANCIAL STATEMENTS (continued) forthe Year Ended 30JUNE 2024 HAF Funding Wlntsr 3.600 HAF Easter Teenage Parent Support 12,250 12250 Totsi 91J72 622J49 257.041 365.108 456080 15. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 30 June 2024 {2023 - none). Page122
TOKKO LIMITED (REGISTRATION NUMBER: 08114741) DEfAILED STATEMENT RNANCIAL AcllviTJES for the Year Ended 30JUNE 2024 2024 2023 INCOME AND ENDOWMENTS Donations and gift aid 39,926 3,240 Invèstment income Interest 3,586 321 Charitable actlvltles Project incorne Counselling income Membership fees Other income Grants Rent and room hire 129,788 100,746 135 17.151 559,571 73.612 881,003 312 I6,115 317,879 31,337 450.336 Total Incomlng resources 924,515 453,897 EXPENDITURE Stsff salaries Employer Nl Pensions Insurance Light and heat Telephone and internet Advertising 243,200 18,476 9,948 12.226 21,277 8,224 1,133 24689 18,781 10,214 9,903 21,502 3,890 General office expenses Sundry Project expenses 1.102 1.019 33 56.847 137,986 Tralning Refreshments Building service char8e5/maintenance Website Accountancy Professional and legal costs Bad debts Equipment leasing Motor expenses Depreciation 1,200 343 494 46.075 2.856 2,250 28,579 4.555 iO.ILX) 3,994 11,241 (1,119) 650 (4,300) 310 49 4.091 Total resources expended 508,992 430,630 Net incorne 415,523 23,267 This page doe5 not form part of the statutory financlal statements Page123