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ANNUAL REPORT 2022 Registered Charity: 1163469 ## CONTENTS CHAIR’S REPORT Page 2 PURPOSE, VALUES & APPROACH Page 3 OUR PLACE IN THE WORLD PROGRAMME Page 4 DELIVERY PROGRAMME Page 7 FEEDBACK & STATISTICS Page 15 STAFF & VOLUNTEERS Page 16 FUNDRAISING Page 17 THANKS Page 18 ACCOUNTS Page 19 **1** ## INTRODUCTION As I come towards the end of my term as a Trustee and Chair of this wonderful charity, it would be only too easy and cosy to reflect on the outstanding achievements of this remarkable charity. Over the past 6 years of my tenure with LYC, so many young lives have been changed in a positive and joyous way. Team LYC and our quite brilliant and dynamic CEO, Guy, have not simply led our charity – they have been inspired and inspiring in equal degrees. And the progress and development was, of course, recognised by the charity winning the prestigious Queen’s Award for Voluntary Service 2021. It was with understandable pride, then, that the LYC Board enjoyed seeing Guy, accompanied by Josh Lightbown, Trustee, Peer Mentor and Volunteer, celebrating the award in May this year at Buckingham Palace for a spring garden party, which was held in honour of volunteers from across the UK. In fact, pride is an ever-present state for the LYC trustees as we are constantly struck by the drive, energy, commitment, and achievements of our young people too. How could we not be? Just look at what they have accomplished this year - 470 of them engaged in the Our Place in the World Creative & Cultural Education Programme, 30 local young people were supported to complete three significant physical challenges, including a two day 70 mile cycle from Walney Island to Morecambe Promenade, a Cross Bay Hike and an epic 8 mile swim, and another group completed our annual challenge by mountain climbing & hiking, abseiling, canoeing and paddleboarding to success in Anglesey. So far, so cosy then? Indeed, but there are very real dangers in basking in the good feelings and warm glow associated with such achievements. It is the task of the Board, though, to look forward and attempt to plot a steady course for what are sure to be choppy waters ahead. No one needs reminding that the future is going to be a major challenge financially. We see it in our own circumstances and the lives of our families, friends, and community. As a parting note in my role as Chair, I would urge all of us to consider how best we are going to plan ahead to ensure that LYC is as successful in the future as it is today. Maybe the answer is simply to follow the rationale of our charity itself: To focus on overcoming obstacles, building resilience and continuing to celebrate our achievements. After all, our intrepid team of Guy, Sam and Josh set the tone in August by completing an epic 260-mile sponsored cycle ride in aid of the charity. The team cycled from Chepstow to Anglesey over five days and raised over £1600 for LYC. Let’s all get on our bikes to make the future for LYC rather than letting it happen to us. **George Harris** (Chair of Trustees) **2** ## PURPOSE, VALUES & APPROACH ## PURPOSE To nurture, support, challenge and empower young people to achieve personal success. ## VALUES Recognising individual uniqueness and cultural identity whilst celebrating our collective, common humanity. Unique Providing each young person with bespoke support to enable them to identify their place in the world and make positive and meaningful change in their lives and the wider community. Embedding collaborative practices into the work of Lancashire Youth Challenge; to ensure high quality delivery of our purpose with young people, communities, and stakeholders. ## Collaborative Empowering young people to identify their personal goals, develop their confidence, self- efficacy and achieve their full potential. Achieving Equal and equitable provision defined to meet the needs of the young people we serve. Equitable ## APPROACH Lancashire Youth Challenge believes in a strength and asset-based approach to our work with young people and we encourage the celebration of achievement, youth empowerment, collaborative working and youth led practices. Our focus as a charity is to enable young people to overcome their personal obstacles, build resilience and to be celebrated and recognised for their achievements. To this end, when discussing or promoting our work, we adopt asset-based language and focus on achievements and successes. We ensure that young people are intrinsically involved in shaping our strategic vision and informing our operational decision making. We do this via the following mediums: **Youth Advisory Sessions** - Co-designing projects and the annual delivery ## programme **Peer Mentoring Programme** - Conduit for information sharing and programme evaluation **Young Trustees & Young Associates** - Informing strategic development, policy, and practice **Project Evaluations** - Creative conversations capturing feedback and review **Personal Development Programme** - Monthly communication with our Youth Support Workers & Project Coordinator **3** OUR PLACE IN THE WORLD PROGRAMME The Our Place in the World Programme provides a platform for young people to develop their personal confidence, self-esteem, and self-efficacy though participation in physical and emotional wellbeing activities, life skills workshops, bespoke outdoor activities, and expeditions. The programme also encourages young people to explore their place in the world and make meaningful, positive changes in their lives and the wider community via 1-1 personal development workshops, creative learning activities and community impact projects. Our annual programme is delivered in partnership with professional wellbeing practitioners, sports and fitness instructors, outdoor activity leaders, artists, creative educationalists and youth and community practitioners; enabling LYC to provide an accessible and quality offer to our young people. As a targeted youth provision, young people are referred to our programme by local statutory and voluntary organisations including Lancaster & Morecambe Children and Adolescent Mental Health Services (CAMHS), A.C.E Counselling Services, Lancashire Constabulary, ADHD support services, schools, and colleges. We also receive referrals directly from parents and guardians. Once a young person is referred to LYC, they can access a 12-month programme of activity, after which they graduate our programme and are signposted to other relevant services were required. Some young people complete a second year with LYC if they feel the programme has been particularly beneficial for them and we also encourage a small number of young people to train as Peer Mentors, who remain with the programme for a maximum of three years. The Our Place in the World programme provides a targeted, youth provision of at least **365** participatory sessions per year which is **FREE** for young people to access. **4** I ## PROGRAMME MATRIX **----- Start of picture text -----**
LIFE SKILLS
CHALLENGE
PHYSICAL &
OUTDOOR
EMOTIONAL
EDUCATION
WELL-BEING
CHALLENGE
CHALLENGE
1 TO 1
REFERRAL SIGNPOSTING
MENTORING
CREATIVE &
CULTURAL ANNUAL
EDUCATION EXPEDITIONS
CHALLENGE
COMMUNITY
IMPACT
CHALLENGE
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**5** ## THEORY OF CHANGE ## OUTPUTS OPITW Fitness Community Cultural & Life Skills & Well-being Impact Creative Challenges Challenges Challenges Education Challenges Outdoor Work Challenges 1 to 1 Peer Preparation & Annual Mentoring Mentoring Programme Expedition ## MECHANISMS OF CHANGE Young people are Young people feel Young people feel Young people Young people equipped with the Young people Young people feel a sense of purpose they are positively feel confident develop skills to manage feel safe and listened to and and achievement, contributing to to express confidence to try their physical and supported respected and contribute to their community themselves new things mental well-being society INTERMEDIATE OUTCOMES Increased respect for themselves and others Increased A greater aspirations Increased commitment Increased and a clear empathy and to equality and motivation plan to achieve compassion diversity personal ambitions Improved social A greater sense interaction and Increased of personal communication independence responsibility skills and maturity LONG TERM OUTCOMES Young people will have a greater understanding of their place in the world and how they can enable and facilitate positive, meaningful change in their lives and the wider community. Long term improvements to physical and mental health and well-being Positive long-term A developed Educational Enhanced life relationships sense of self attainment skills with peers and efficacy others **6** **7** ## 2022 DELIVERY PROGRAMME ## PHYSICAL WELL-BEING CHALLENGES Working in partnership with the amazing team at **BayFit PT Gym** we provided weekly core strength training, cardio workouts and sports activities designed to enable young people to increase confidence, support mental and physical wellbeing, reduce stress, and develop their teamwork and communication skills. Thanks to support from our partners at **Lancaster University** , we delivered a three-month indoor climbing project, equipping the team with the skills to safely climb, abseil, and belay. These skills were then tested in the natural world on several outdoor rock-climbing trips. Following requests about the possibility of delivery a martial arts project, we partnered with **Krav Maga and Kapap Heysham** to deliver a twelve-week defence-based programme of Krav Maga. The instructors equipped young people with the skills, knowledge and techniques needed to defend themselves from attacks and to de-escalate possible confrontations, safely and efficiently. I ## EMOTIONAL WELL-BEING & LIFE SKILLS CHALLENGES Devised and delivered in partnership with the **Marsh Community Centre** , the Reflections project was a bi-weekly workshop led by professional mental health workers, wellbeing practitioners, outdoor activity facilitators and youth workers. The project equipped the young people with the tools and techniques they need be better manage their emotional health and wellbeing, whilst also providing them with tangible and transferable life skills. Earlier this year we launched the **RESTORE** programme at two secondary schools in Leyland, South Ribble, providing a platform for their students to restore their confidence, curiosity, resilience, and emotional wellbeing. Thanks to investment from the National Lottery Reaching Communities Fund and the Areti Charitable Trust we delivered the **Time to Breathe** project which included outdoor wellbeing activities, workshops, trips and two emotional wellbeing residentials. To find out more about the **Time to Breathe** project click **here** . I **9** ## CREATIVE & CULTURAL EDUCATION CHALLENGES In June we concluded the OPITW Creative and Cultural Education Programme, funded by **Curious Minds** and **Lancaster University** . Over the two-year life of the programme, we commissioned **7** professional projects and supported over **700** local young people to produce **100** pieces of visual art, poetry, theatre, spoken word and film that explored the concepts of identity, place and citizenship, whilst also empowering young people to use art and creative practice as a tool for social change. To learn more about the OPITW Cultural and Creative Education Programme, click here. Working in partnership with **Omar Khan** and his team at **Preston United Youth Development Forum** , we supported a team of young Muslim men from Preston to engage in an intergenerational heritage project. Omar wanted to develop this work to educate and inform young Muslim men about the history of their ancestral homeland and the migration of people from the Indian sub-continent to the UK, following the partition of India and Pakistan in 1947. This was a perfect project for the Our Place in the World programme, as it encouraged the young people to explore their individual journeys and the collective history of their community. We assisted the lads in producing a short, filmed interview with Yasmin, a community leader who had migrated to the UK in the early 1960s. Watch the film **here** . We will continue to work with Omar and his team in 2023, enabling and supporting the young men to produce their own short films and interviews with their community members. The completed films will then be disseminated to community groups and shared with Lancashire Archives. I **11** 12 ## COMMUNITY IMPACT CHALLENGES Thanks to investment from **Active Lancashire** , we have been sharing our learning and expertise with four youth and community charities across Lancashire to support them in planning and realising their own Community Impact projects. We are working with **Strive2Thrive** in **Preston** , to re-wild and refurbish a community allotment and growing space in Ribbleton and supporting **Community Network and Outreach Service in Leyland** to build a community Garden in Moss Side. ## OUTDOOR CHALLENGES & EXHIBITIONS Outdoor challenges and expeditions have been the foundation of our work since our inception in 2015, and in 2022 we delivered two very ambitious projects. **----- Start of picture text -----**
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Between March and August, we worked in partnership with **Stanleys Community Centre** and **Bay Leadership Academy** to facilitate the first ever Morecambe Bay Youth Triathlon. Together we supported 30 local young people to complete three significant physical challenges, including a two-day, 70 mile cycle from Walney Island to Morecambe Promenade, a Cross Bay Hike and an epic 8 mile swim. For more information about the Morecambe Bay Youth Triathlon, click **here** . Just weeks after the Triathlon, our team travelled to the island of Anglesey to complete the **Island Challenge** , a week-long expedition designed by our young people and peer mentors. The team traversed across and around the island, by Coasteering, Mountain Climbing & Hiking, Abseiling, Canoeing and Paddle boarding. Watch the Islands Challenge documentary film **here** . I **13** ¥.LIWYB ## FEEDBACK & STATISTICS young People engaged in the 66 weekly OPITW programme 381 participatory workshops, residentials and events 1453 participation opportunities offered via the Our Place in the World weekly programme 470 young People engaged in the Our Place in the oung People engaged in the Our Place in the g People engaged in the Our Place in the People engaged in the Our Place in the ple engaged in the Our Place in the le engaged in the Our Place in the gaged in the Our Place in the aged in the Our Place in the ged in the Our Place in the ed in the Our Place in the young People engaged in the Our Place in the oung People engaged in the Our Place in the g People engaged in the Our Place in the People engaged in the Our Place in the ple engaged in the Our Place in the le engaged in the Our Place in the gaged in the Our Place in the aged in the Our Place in the ged in the Our Place in the ed in the Our Place in the World Creative & Cultural Education Programme _‘LYC is a highly effective and successful provision both in terms of supporting young people to achieve positive outcomes and delivering long lasting impact for the participants, families, and communities whilst empowering young people to develop self-efficacy and increase their skills and knowledge to take advantage of opportunities available to them.’_ ## – Referral Partner _“To have the trust and responsibility that LYC put into us is an amazing feeling. Feeling proud and people looking up to you as a role model is a bit mad and a new thing for me. I think showing other young people that they can go through what I have and be a success is something to be proud of and I just want to help them to feel good”_ - Peer Mentor _‘Taking part in this intervention has given our students an opportunity to find their voice and express themselves in ways they wouldn’t believe they were capable of. They have been pushed out of their comfort zones but felt confident throughout due to the patience and kindness of all the staff involved. It has been great to have a variety of activities tackling both physical and emotional challenges. The outdoor adventure day was fantastic and provided a unique experience for our pupils that they will never forget.’_ - Kate Green, Worden Academy _‘Honestly, LYC has been amazing in making me think about jobs, work, and my future. Like most of my friends I didn’t really know much about working, I feel like because of doing LYC most of all the pressure has been taken away when I’m thinking about it all.’_ – Young Person **15** ## STAFF & VOLUNTEERS This year we were thrilled to welcome three new members of staff to the charity, Ian Scholefield, and Emer-Jay Van-Gills, in the role of Youth Support Workers, and Anthony Briggs as Creative Producer. Ian and Emer-Jay attend our weekly programme and provide guidance, pastoral support, and encouragement to our young people. Anthony produces our creative learning programme and manages our external communications. LYC would not exist without our team of hard-working and dynamic volunteers and the charity was honoured to receive the prestigious Queen’s Award for Voluntary Service in 2021 which recognised and celebrated the commitment and dedication of our volunteers, trustees, and peer mentors. In May 2022, our Chief Executive, Guy accompanied Josh Lightbown, Trustee, Peer Mentor and Volunteer to Buckingham Palace for a garden party, which was held in honour of volunteers from across the UK. I **16** **17** ## FUNDRAISING ## Thanks to support from two of our amazing Trustees, Sam Harding, and Phil Longbottom we delivered our first corporate fundraising event. The Windermere Canoe Challenge was a great success and raised over £1000 for the charity. We plan to facilitate at least one canoe challenge per year, with the next one booked for Saturday 4th March 2023. For more information visit our website **here** . In August, Sam, Guy, Josh, and their friend Bill completed an epic 260-mile sponsored cycle ride in aid of the charity. The team cycled from Chepstow to Anglesey over five days and raised over £1600 for LYC! I ## THANKS We would like to say a huge thank you to the freelances, creative practitioners, youth workers, volunteers, trustees, and partners who supported the delivery of our 2022 programme. We would also like to express our gratitude and thanks to our wonderful funders and donors who make our work possible: The National Lottery Community Fund Francis C Scott Charitable Trust The Areti Charitable Foundation Arts Council England The Banks Lyon Memorial Trust The COOP Local Community Fund Lancaster University Curious Minds Lancaster Community Fund Lancashire County Council Active Lancashire Newby Trust Lancaster District Community Wellbeing Fund Sport England Children in Need (DCMS) Youth Investment Fund Westminster Foundation via Lancaster District CVS South Ribble Borough Council Duchy of Lancaster Walney Extension Community Fund The Vera Wolstencroft Children and Animal Charitable Trust Stoneswood Homes Intricate Plumbing The Magdalen Hospital Trust Hedley Foundation Primrose Trust **18** LANCASHIRE YOUTH CHALLENGE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022 **19** ianca5hire Youth Challenze Approval of Financial Information We hereby approve the financial statetnents for the year ended 31 March 2022and aiknowledge our responsibility for them, particularly for the appropriateness of the accounting basis and for providing all information and explanations necessary to the accounts for rheir compilation. The Managernent Cotnmittee. George Harris- Chairtnan Julie Brown- Treasurer Guy Chri5tiansÈn- Secretary Trustees Samantha Emma Harding Rachael Holden Donna Coleman Phil Longbottom James Henry Wooldridge Joshua Lightbown Victoria Louise Fletcher Yak Patel l Resigned December 20211 20 Date.. 07 /iz/2022 Lantashire Youth Challefigt Profftt & Loss Accou For the year ended 31 March Z022 Intome Restritted Funds Unrtstritted Fund$ Total Funds Re#ricied Funds Unrtstritted Fund$ Total Fund$ 2022 2021 Donations Fundraising Grants Mi5C Comm5￿]0￿ & SeNlces 3,928.39 3,928.39 80.58 64.79 80.58 64.79 109.858.95 639.91 148.667.75 148,667.75 109,858.95 639.90 5,946.84 5,946.84 Total Income 148.667.75 9,875.23 158,542.98 109,858.95 785.27 110,644.22 Current Year Restricted Income l National Lottery Comrnunity Fund 2 Lancaster Cornrnunity Fund 3 Hedley Foundation 4 Kickstart Placement 5 BBC CIN Youth Investment Fund 6 Magdalen Hospital Trust 7 Arts Council England 8 Coop Community Fund 9 Active Lancashire 10 Areti Charitable Trust 2022 11 Banks Lyon Mefflori31 Trust 12 Curious Minds & Lancaster University 13 Fire pit Investment (Active Lancashirel 450.(X) 6553.75 11650.IK) 1SIX).IK) 141K).IK) 1626.IK) 19875.CQ 81CK).CK) 7578.CK) 322CQ.C 1125.C 1328S7.75 54867.th1 -39)57.￿1 Add .. Accrual for 20-21 Accrual for 21-22 Less.. 148667.75 21 Expenses Restrlctsd Fvnd5 Unrestrfcted Funds 1022 Total Funds Restrlrted Fund5 Unrestrlcted Fund5 2021 Total Funds W3ge5 Kick 5tartWa8e5 NICContributio 39,340.04 39,340.04 5.278 21 8,322.16 2.739.53 2.467 75 2,ID7.41 1,018.00 1,217. 91782 7W.00 298. 551.68 513. 51867 580.5Q 3S6. 109.65 23.931.56 16.801 72 11,649.42 7.767.05 7,732.12 5.53198 2,988.79 1,573.18 1.360.( 49,365.04 49,365.04 5,278.21 8.322.16 2.739.53 457.81 1.106.55 4S7.81 l.l(Kl.55 Freelance Professiona15 Office ENppnses 2.467.75 1207.41 1,018.00 L217.00 917.82 726.93 726.93 MèrketinÉ & Adverti#ng Pylnting * P05ts8e 1,118.72 476.40 1.118.72 476.40 Member5hiplSubscription 298.00 551.58 76. 505.IQ 256.Cp) 505.10 Laptop Govemance Depreciation 513.00 51867 580.5D 3S6.(Y) 109.65 DBS ank[￿rge5 Cteatlve& oirural Education Partnershlp Project Co&t&. Outdoor Empedition Morec3mbp BayTriathlun Arts Award Progrnmme Wotk Preparation Pasijoumeys Programme Community Impact Prografflrne Ernotional Wellbein8Programme ProSe¢t Costs-PhysScal Pro8r8mme Pmject Costs-creatlve Pro8ramme Projeu C05ts-oiher 593.36 69. S93.36 23.931.56 16,BQl.72 11,649.42 7.767.OS 7,732.12 S.531.98 2,988.79 I,S73.18 1.360.00 9.219.96 33.08S.41 1.82703 4￿.07 2￿.c1) 9.710.03 33.285.41 1.827.03 340. A¢c¢uThtancy Charles L082.64 1.082.64 1.440. 4W56 658.57 l.BWOO 1,514.52 1.440. 4W.56 658.57 i.sw. 1,514.52 Tr3vel & PrlljectTr3vel Cllst Rent Telecommuniiation& Room Hiie 3,481.43 1.8WOQ 1,095.98 741.50 749 50 3,481.43 1.8mOO 1,095.98 741.50 749 50 fj623 66.23 Oneto One P2t50nal Deveknpment 104.9S 24.S7 104.98 24.S7 Consultèncv Legal EXpeTh￿S Volunteer, Staff Trustee Expen*5 436.50 29.99 708.75 1.145.25 29.99 1,671.79 1.701.79 -88.624.33 -67.467 51 -156.09184 -104.94369 470.07 -108.2S4.29 Net Surplus 60,043.42 -57.592 28 2.451 14 4.915 26 2.389.93 22 L8rbca5hirÈ Youth Challen8e Balante Sheet Forthe yearended 31 Marth 202Z 2021 2021 Fixed Assets Tangible assers 379.95 447.LKI Current Asset5 National WestministerAccount CAF Bank Account Cash Account Totèl 55,374. 1,382.42 68,973. 38. 56,757.02 69,011.00 Current Liabilitle5 Deferred Income Accruals PAYE Net Current Assets -39,057. -350. -1,116.85 -54,867. 420. 40.523.85 -11. -55,298.IK> 16,233.17 13.713.(Kl Netcurrent Free reserves 16.613 14.161.(XJ Flnat)ced bv- Capitsl accounts Balan￿ as at l April 2021 Surplus forthe Year 14.161.93 2,451.14 16.611 11.771. 2,389.93 14.161 23 Accounting Policie5 Independent examinerf5 report to the trustse5 of Basls of attourtln8 Thè linal statements of ihe tharliv have been prepared under thè historical cost cDnvÈntion and in accordance with applicable United Kingdom a(counting Standards. the Statement of Recommended Practice"Accountin£ and Reportin8 by Charities" 15sued in March 21K)5 ISORP 2(K)51 and the CompaniesArt 2006. and in at¢¢rdance with the Financial Reporting Lancashlre Youth Challenge Chafity No. 1163169 I repDrt on Ihe accoutts for the year 1st April 2021- 31. March 2022 Respectlve responslblllties of trustees and examlner Incomlng Resource5 Grants RecÈlvablÈ The charilyS Irusiees are responsible lor the preparaiion ol the arxx)unts. The charity's INstees con￿der thai an audil is noi r8oulred for this year under wllm 144121 ol Ihe Chafibes Aci 2011 OhÈ 2011 Atll 8nd that an IfKkpen(Miexamw)aiiM is need&J. Statement of Financial Activitie5 in the period in whichthey are receNable, ex￿pt forthose 8rants which are for a future specific perlod, in whith case the relevant amouni is deferred to that period. 11 is my res￿￿SIbIlItY to.. examlne the %COL5nts under seclbn 145 01 ts 2011 Aci.. lo follow Ihe prttedures laid down in Ihegenefal Direthiorts given ty the CharityComm4ssion under5ection 14515110) otlhe 2011 Act". an lo stale whether partlWlar matters have cott* to my aMeniK)n Basss of Independent eyamlne￿s report otherlncome Other income is ¢e¢ognised in lull In the Statement ol Financi81 Arti¥ities in the year in which Resource5 expended Expenditure is recognised on an ac¢rual basls asa1Sabllity when it is Incurred. Expenditure includes anyrelevant VAT. My examination was (*[r￿d in accordarte wilh Ihe genertl Directionsgwen by the Charfty Commission. An ex8mination inclL4*8 a Ye￿eW ol ihe accounti￿ retords kept tythe chaiity 8rKJ a comparison Of a¢￿￿ts presenieJ witn those TecorUS tt also InJu¢es wns(*rabon 01 any )usual IiemsorJLsdosures In thè a(t¢unts, and Seèking eXr￿an¥10ns Iiom you as Iiustees (x)ncerning any such matt8rs. Th8 9￿1%￿Ur8S untsrfaken (Jo nol prowdp all lh8 8wtsrK8 ￿81 WOU￿ bè rÉyuiTÈd M an audil andtonsÈquÉnlly nD opinion is given as to wheiher the a¢rounts esÈM a Irue and laiT iriÈw' and re￿rt is limiieo 10 Ihose mailers sei in statement bw Allocatlon of Costs All cost5 Ire allocated betvleen thp pxpenditure categories of the SOFAon a ba515 dpsigned to reflect the use of the resource. Some costs relating to a particularactivityare allocated directly, others are apportk?ned on an appropriate basis. Employtt benrfits The costs of employee benefit5 are recogn15ed as a liability and an expeTh5e. TeTmiThation bèneflts are retognisèd immed13telyas an expense when the charlty Is demonstrably commitied io provide termin¥iion benefits. Independent examlner'8 statement In conneciion wiin my examinaiion. no maiiei has ￿me lo my attenti￿". {11 wh￿h gwes leas￿8b￿ cause ￿ believe Ihai in any maierial respect the requirements". Operatln8 Leases lo keep acwunling recor¢s in accor¢anc8 wilh 5eclion 1W olits 2011 Act.. and to prepare aLuunlswhith 8c¥yJrd with the accounling reu)rds and ￿M￿Ywith the accounting requirements ol 2011 Act ownership remain with thE le550r arecharged to the SOFA in the year in which theyaccrue. Fund Attountlng Unrestrirled funds Comprise those fundswhich the Tru#ees arelreeto use in a¢¢ordan¢e fHve rK)t been mel." ( 1?> lo whth, In tny Op￿10￿, attention strK)uI¢ iE ¢rawn In ordertoenable a PT(per un(JerslanOing ol kne aluufjls to LE reached. Restricted funds are fund5 which have been given for particular purpose5 and project5. Depreciation of tangible fixed a55et5 cost of the asset over Its eStima￿d useful Iile. Equipment. fixtures and fitting5 15% reducing balance. Shweta Pankhadwala Clo L8ncaslerDislrirA CVS. The corners￿eSUlYa￿d Street L￿r￿ster LA1 1PX Nov 2022 24 A DYNAMIC CHARITY THAT PRODUCES LIFE ENHANCING AND AT TIMES LIFE CHANGING OPPORTUNITIES FOR YOUNG PEOPLE. **Cornerstone Building, Sulyard Street, Lancaster, LA1 1PX** Office **01524 956046** / Participation Phone **07885974782 lancashireyouthchallenge.co.uk** **@LancashireYouth LancashireYouthChallenge** **Registered Charity: 1163469** I **25**