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2021-09-30-accounts

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201

Charity number: 1158807

Trustees Report and Financial Statements for the year ended 30 September 2021

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YES: YOUTH ENCOURAGEMENT & SOCIALS
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Youth Encouragement
&Sociale		 Contents

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YESs
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yes@youthencouragement.co.uk

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 6
Independent examiner's report 7 - 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 18

YES: YOUTH ENCOURAGEMENT & SOCIALS

Reference and administrative details of the Charity, its Trustees and advisers For the Year Ended 30 September 2021

Trustees A Neustadt
Y Diamant
J J Goldklang
M Nutovics
Charity registered
number
1158807
Principal office
Unit 4 Dominion House
91 Dunsmure Road
London
N16 5HT
Accountants
Shears & Partners Ltd
88 Edgware Way
Edgware
HA8 8JS
Bankers
Barclays Bank Plc
62 High Rd
London
N22 6DH

Page 1

YES: YOUTH ENCOURAGEMENT & SOCIALS

Trustees' report For the Year Ended 30 September 2021

The Trustees present their annual report together with the financial statements of the Charity for the 1 October 2020 to 30 September 2021.

Objectives and activities

a. Policies and objectives

The Directors/Trustees stand possessed of the Trust Fund which they hold for the Charity to further the Objects of the Charity, which are specifically restricted to the following:

1) To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.

2) To advance education and training in subjects which develop the capacity and skills of the participants in such a way that they are able to identify and help meet their needs and to participate more fully in society. 3) To relieve financial hardship in such ways as the Directors/Trustees shall determine, in particular, but not exclusively by the provision of grants.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

YES: Youth Encouragement & Socials works with disadvantaged inner-city young people aged 11-16. We have years of experience supporting hundreds of young people in reaching their full potential and leading healthy and productive lives.

Our focus is on character building, community responsibility and leadership development.

Page 2

YES: YOUTH ENCOURAGEMENT & SOCIALS

Trustees' report (continued) For the Year Ended 30 September 2021

Objectives and activities (continued)

c. Achievements and Performance

Breakfast Bar Club:

The breakfast club offered 55 disadvantaged young people a nutritious and delicious start to their day and motivated them to get to school on time.

Mentors were also on hand to help young people plan for their school day and to support with any social issues that arose.

Outcomes for this project include:

The club ran 5 times weekly on school mornings between 7:50-8:50.

Healthy Homework Hub:

The homework club worked with 55 young people, offering them guidance and support and equipping them with the skills to become independent learners. The club offers a fun, safe space where interactive learning takes place through games, quizzes, peer-led groups and presentations. Outcomes for this project include:

Recreational and Social Activities:

YES ran a range of one-off and ongoing out-of-school events including:

Families Unite:

A weekly social event for fathers/carers and their sons aged 13 to 16. The events included singing, dancing, story telling and even some role playing. They also included a lot of social networking, and they generally had a good time together, improving and cementing relationships so that, unlike previously, stressful atmospheres at home were be reduced or even eliminated, and new positive family relationships emerged and developed. Outcomes for this project include:

Due to Covid restrictions we unfortunately had to cancel Teens Summer Stop (TSS), our annual two weekly summer sleepaway camp.

Page 3

YES: YOUTH ENCOURAGEMENT & SOCIALS

Trustees' report (continued) For the Year Ended 30 September 2021

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The Charity’s reserves are represented primarily in Cash at Bank and in Hand. The Trustees' policy of investing all and any surplus funds is contained within the Charity’s 'Investments Policy'. The Trustees feel comfortable relying on their pool of donors and Applications for Government Grants and they work hard to ensure that the Charity is not dependent on one or two individuals which ensures regular cash flows into the Charity.

The Directors/Trustees aim to hold 3 months of free reserves in order to protect services and ensure adequate cash flow for the organisation's financial needs. Due to Covid we had a significant increase in services and users which resulted in lower reserves. These reserves are being built up now and will soon revert to 3 months of free reserves.

c. Investments policy

The Charity holds a current account. The policy of the Charity is to continue holding this account for its ongoing charitable project expenditure. Given the very low rates of interest available from the High Street Banks the Charity does not waste its resources in trying to invest any surplus funds because they are inevitably only held in the very short term and tying up funds for any extended period of time is simply not going to enable the Charity to achieve its objectives.

d. Review of the Charity's Financial Position

The Charity’s Incoming Resources amounted to £26,427 (2020: £40,334) while its Outgoing Resources amounted to £42,246 (2020: £30,851). The Charity had an in-year deficit of £15,819 by using their reserves (2020: surplus of £9,483).

Page 4

YES: YOUTH ENC￿RAGEmENT & SCtIALS For the Year Enthd 30 Septerv*>er 2021 due lo ￿ur ¥urw Funded by In￿rtn￿shIpt THE NATIONAL LOTTERY COMMUNITY FUND HM Govemment Page 5

YES: YOUTH ENCOURAGEMENT & SOCIALS

Trustees' report (continued) For the Year Ended 30 September 2021

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Memorandum of Association. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 22 July 2022 and signed on their behalf by:

J J Goldklang

Trustee

Page 6

YES: YOUTH ENCOURAGEMENT & SOCIALS

Independent examiner's report For the Year Ended 30 September 2021

Independent examiner's report to the Trustees of YES: Youth Encouragement & Socials ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2021.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Page 7

YES: YOUTH ENCOURAGEMENT & SOCIALS

Independent examiner's report (continued) For the Year Ended 30 September 2021

Signed: Stephen Sacks

Dated: 22 July 2022

FCA

Shears & Partners Ltd Chartered Accountants 88 Edgware Way Edgware HA8 8JS

Page 8

YES: YOUTH ENCOURAGEMENT & SOCIALS

Statement of financial activities For the Year Ended 30 September 2021

Note
Income from:
Donations
3
Charitable activities
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
-
10,000
10,000
14,928
14,928
(4,928)
4,928
(4,928)
-		 Unrestricted
funds
2021
£
13,022
3,405
16,427
27,318
27,318
(10,891)
11,266
(10,891)
375		 Total
funds
2021
£
13,022
13,405
26,427
42,246
42,246
(15,819)
16,194
(15,819)
375		 Total
funds
2020
£
20,334
20,000
40,334
30,851
30,851
9,483
6,711
9,483
16,194

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 11 to 18 form part of these financial statements.

Page 9

YES: YOUTH ENCOURAGEMENT & SOCIALS

Balance sheet As at 30 September 2021

Note
Fixed assets
Tangible assets
10
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one
year
11
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
12
Unrestricted funds
12
Total funds		 1,610
1,610
(1,320)		 2021
£
85
85
290
375
375
-
375
375		 18,231
18,231
(2,150)		 2020
£
113
113
16,081
16,194
16,194
4,928
11,266
16,194

The financial statements were approved and authorised for issue by the Trustees on 22 July 2022 and signed on their behalf by:

J J Goldklang

(Trustee)

The notes on pages 11 to 18 form part of these financial statements.

Page 10

YES: YOUTH ENCOURAGEMENT & SOCIALS

Notes to the financial statements For the Year Ended 30 September 2021

1. General information

YES: Youth Encouragement and Socials is a registered charity, number 1158807, and is constituted under a Memorandum and Articles dated 7 April 2014. Legal and administrative information are shown on page 3 of these accounts.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

YES: Youth Encouragement & Socials meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 11

YES: YOUTH ENCOURAGEMENT & SOCIALS

Notes to the financial statements For the Year Ended 30 September 2021

2. Accounting policies (continued)

2.4 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment - 25%

2.5 Fund accounting

General funds are unrestricted funds which 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 accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income

Donations
Donations		 Unrestricted
funds
2021
£
13,022
Unrestricted
funds
2020
£
20,334		 Total
funds
2021
£
13,022
Total
funds
2020
£
20,334

Page 12

YES: YOUTH ENCOURAGEMENT & SOCIALS

Notes to the financial statements For the Year Ended 30 September 2021

4. Income from charitable activities

Grants
Grants		 Restricted
funds
2021
£
10,000		 Unrestricted
funds
2021
£
3,405
Restricted
funds
2020
£
20,000		 Total
funds
2021
£
13,405
Total
funds
2020
£
20,000

5. Analysis of expenditure on charitable activities

Summary by fund type

Staff costs
Supplies
Food
Rent
Travel
Support costs		 Restricted
funds
2021
£
5,768
-
8,728
-
432
-
14,928		 Unrestricted
funds
2021
£
2,949
838
18,184
3,543
-
1,804
27,318		 Total
funds
2021
£
8,717
838
26,912
3,543
432
1,804
42,246

Page 13

YES: YOUTH ENCOURAGEMENT & SOCIALS

Notes to the financial statements For the Year Ended 30 September 2021

5. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Staff costs
Supplies
Food
Rent
Advertising
Travel
Support costs		 Restricted
funds
2020
£
840
-
7,800
5,800
200
432
-
15,072		 Unrestricted
funds
2020
£
2,342
877
-
10,120
-
528
1,912
15,779		 Total
funds
2020
£
3,182
877
7,800
15,920
200
960
1,912
30,851

6. Analysis of expenditure by activities

Staff costs
Supplies
Food
Rent
Travel
Support costs		 Activities
undertaken
directly
2021
£
8,717
838
26,912
3,543
432
-
40,442		 Support
costs
2021
£
-
-
-
-
-
1,804
1,804		 Total
funds
2021
£
8,717
838
26,912
3,543
432
1,804
42,246

Page 14

YES: YOUTH ENCOURAGEMENT & SOCIALS

Notes to the financial statements For the Year Ended 30 September 2021

6. Analysis of expenditure by activities (continued)

Staff costs
Supplies
Food
Rent
Advertising
Travel
Support costs
Analysis of support costs
Depreciation
Independent Examiner fee
Professional fees
Depreciation
Independent Examiner fee
Insurance
Governance costs		 Activities
undertaken
directly
2020
£
3,182
877
7,800
15,920
200
960
-
28,939		 Support
costs
2020
£
-
-
-
-
-
-
1,912
1,912
Activities
2021
£
28
1,320
456
1,804
Activities
2020
£
38
1,260
214
400
1,912		 Total
funds
2020
£
3,182
877
7,800
15,920
200
960
1,912
30,851
Total
funds
2021
£
28
1,320
456
1,804
Total
funds
2020
£
38
1,260
214
400
1,912

Page 15

YES: YOUTH ENCOURAGEMENT & SOCIALS

Notes to the financial statements For the Year Ended 30 September 2021

7. Independent examiner's remuneration

2021 2020
£ £
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts 540 540
Fees payable to the Charity's independent examiner in respect of:
All other services not included above 780 720

8. Staff costs

2021
£
Wages and salaries
8,717
8,717
The average number of persons employed by the Charity during the year was as follows:
2021
No.
Employees
1		 2020
£
3,182
3,182
2020
No.
1

No employee received remuneration amounting to more than £60,000 in either year.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 30 September 2021, no Trustee expenses have been incurred (2020 - £NIL) .

Page 16

YES: YOUTH ENCOURAGEMENT & SOCIALS

Notes to the financial statements For the Year Ended 30 September 2021

10.
Tangible fixed assets
Cost or valuation
At 1 October 2020
At 30 September 2021
Depreciation
At 1 October 2020
Charge for the year
At 30 September 2021
Net book value
At 30 September 2021
At 30 September 2020		 Office
equipment
£
500
500
388
28
416
84
113

11. Creditors: Amounts falling due within one year

Trade creditors
Accruals and deferred income		 2021
£
-
1,320
1,320		 2020
£
890
1,260
2,150

Page 17

YES: YOUTH ENCOURAGEMENT & SOCIALS

Notes to the financial statements For the Year Ended 30 September 2021

12. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Restricted Funds - all funds
Total of funds		 Balance at 1
October
2020
£
11,266
4,928
16,194		 Income
£
16,427
10,000
26,427		 Expenditure
£
(27,318)
(14,928)
(42,246)		 Balance at
30
September
2021
£
375
-
375

13. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 30 September 2021.

Page 18