Docusign Envelope ID.. 5F70F19E-98644678-A948-C5C550CB6AF7 Charlty règlstratlon numbor 1163589 YOUNG HARROW FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Docusign Envelope ID.. SF70F19E.9864467B4948-C5C550CB6AF7 YOUNG HARROW FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Tru$tee¥ Clare Harrington (Chairl Steven Williams (Vice Chairl Vivekananda Rajah Thay8lan Sanjay Chandarana Joanna Mourant Samy Benaferi Mathura Panchad¢harasarma Giazal Sinmileoluwa Taiwo Aarthi Ravishankar IAppointed 12 December 20231 (Appointed 20 February 20241 Charity numbèr 1163589 Registered office 27 High Street Harrow Middlesex HA13HT Audllor Grilchleys Audit LLP B8aver House 23-38 Hythe Bridge Street Oxford OX12EP aankers Metro Bank 1- 2 st Ann's Shopping Centre Harrow HA1 1AS
Docusign Envelope ID.. 5F70F19E-9864467B-A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION CONTENTS Page Trustees, report Statement of Trustees. responsibilities 10 Independent auditor's report Slalement of financial activities 14 Balancè sheet 15 Statement of cash flows 16 Notes lo the financial stslemenls 17-28
Dowsign Envelop8 ID.. SF70F19E-9864467B-A918-CSC550CB6AF7 YOUNG HARROW FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustges present their annual report and financial stslemenls for the year ended 31 March 2024. The finanrAal slalemenls have been prepared in accordance with the accounting policies sel out in note 1 to the rin8nci81 stslernents and comply with the Foundation's goveming docurnent, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Rtrcommended Practice applicable lo Gharilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021" leffeclive 1 January 20191. Trustees A Board of Trustees govern the Foundation. The following are the trLJStees who have sefved IhfoLtghoul the financial period under review.. Clare Harrington (Chair} Steven Williams (Vice Chair) Vivekananda Rajah Thayalan - became a trustee and Treasurer 12112123 Sanjay Chandarana Samy Benaferi Joanna Mouranl Giazat Sinmileoluwa Taiwo Mathura Panchadcharasarma Aarthi Ravishankar- became a trustee 20102124 Cong (John) Wang (Treasurerl- stepped down al May 23 Board meeting Advisers None Staff We had eleven staff in this period; a CEO. COO, Portnerships Manager, Training Development Lead for Level Up Iformerly Grants Administralor), YHF Grants Lead Ifomierly HAF Programme Grants Lead), Member Capacity Building Manager, Website Development Manager, Evaluation and Impact Lead, Team Administrator, Content Creator and Children's University Co-ordinator. Publlc Bènefit The trustees have complied with their duly to have due Tegard lo the Charity Commission's Public Benefit Guidance IPB1 the Public Benefit Requirement, PB2 Public Benefit Running a Charity and PB3 Public Ben8fit Reporbngl when exerasing powers or dutles lo which the guidance is relev8nt. Our Vision Happier, healthier. safer children and young people with more opportuniÈies to reach their full potential. Our Ml$$lon Better, sustainoble, high quality support services for children and young people in Harrow. Our three key aims and main areas of work. Unlocking Funding Increasing members access lo funding Diversifying Fundraising Delivedng Grant Giving Funder Collaborats'on
Docusign Envelcpe ID". 5F70F19E-9864467BA948-C5C550C86AF7 YOUNG HARROW FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Communicatlons and Connectlons Amplifying connections and the voice ofyoung people Connecting Members and Partners Empowering Youth Voice Promote and increase access to local services Support and Develop Support our members with rn0 funding, tIning and resources Member one to one engagement Accessing specialist training Increasing capacity Cha5r's Overvlew Both the children and young people of Harrow and the commitment 8nd versatilty of our members lo support them, is amazing. The wide range of serviGes and opportunities they deliver are constanuy evolving In response to the needs identified by children and young people themselves. Young Harrow Foundation has raised a substantial amount of funds to help make this happen. increasing year on y8ar, which has been vital to ensure continued 8¢¢ess to a range of high-qualily support services, so that together we help young people lo be happy, healthy, and safe with moTe opportunities lo r88ch their polfjntial. YHF'S members, the YHF team and a range of partners continua to corne together lo ensure we work collaboratively to address the ongoing needs and challengès facing children and young people In the borough. Thè YHF team continues to deliver grèat work designed to support and enable our membership. Grant giving and funding partnership5 has increased significantly. Many of these achievements would not have been possible wilhoul the committed work of our key partners in the Harrow Council, Public Heallh, Central and Northwest London NHS Foundabon Trust, Education, the voluntary and local business sector. We are grateful for the ongoing support and significant partnership with Harrow School, we have in¢reased our work with both John Lyon's School and Orley Farm schools, and we look forward to developing Iheye relationships moving forward. The partnerships and support CTeated through the worf( of YHF brings excitement to be part of an organisation that creates the space and momentum to bring the wider community together to make things happen. We have a talented, resourceful and resilient staff learn lo support our members and new initiatives. led by CEO Dan Burke, who continue to improve seiceS and support to members and, children and young people across Harrow. Our committed, 4Jiverse and focused Trustee Board has continued to develop and grow this year. My thanks go to the staff team, my colleagues, Partners. and volunteers for all their contributions. Governance We continue to offer a hybrid moilel for our qu8rtedy meetings, offering face to face and digitsl attendance. Board meetings have both the CEO 8nd the Chief Operations Officer in attendance. All meetings are seNiced and recorded by the Team Administrator. We Invite team members throughout the year to present on specific pieces of Work. TTU5tee engagement has focused on the opportunity for enhanced learning through the sub*roups and resulted in greater understanding and scrutiny. The Chair and CEO meet regLJlarfy lo enable Support and resilience. The Board has seen several changes this year and rernains resolute and supportive of our work. They are lo be thanked, as volunteers for Iheir time and commitment. Regl$ter of Interests The Register of Trustees, interest is updated annually 8nd remains a standing item 3t the beginning of each board meeting, where Iruslees musl declare any conflicts of Interest.
Docusign Envelope ID.. 5F70F19E-9864467B-A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Measurlng success. d•veloplng key perfomian¢e Indicators. As our work continues to progress. il's vitally impc>rtanl that we are able to measure our success and map the progress we have made. The high level of activity is rècognllion of how much Ih&re Is to do to achieve our strategic and operational Dulcomes. However, we rnust ensure that we are perfomiing as effectively and efficienlly as we can to ensure maximum impact with limited resources and capacity. Numbers alone do not give a clear picture of impact or success. The Board dIuSSed and agreed the indicators proposed as a way of Viewing, measuring and monitoring our success. They were included into the scorecard templatelCEO update al each Board meeting. We also agreed that the Scorecard would be annotated to highlight key achievements, risks and challenges facing our range of activily. In response lo showing our impact more successfully, through the use of case studies and storytelling we re¢ruiled a Grant Impad and Evaluation Lead. This has enabled us to effectively evidence and cx)mmunicate our progre5S and impact, bDlh internally and extemally. Grant Giving . In the prior year, we re¢ruited a Iruslee with grants expertise. She has been a great additson to Ihe trustee learn, and has added value to the organisation through her expertise and sitting in on various grant panels. Flnance - This group meets monlhty to review our management accounts & Gash flow. They then work directly with the CEO lo darify any concerns and note of actions to be Gompleted. People- this group meets on an ad-hoc basis and is our HR oversight and accountability group, designed to review all recruitment and staffing processes. Business Contlnuty - this group meets biTNonlhly and is reswnsible for ensuring our Risk Register is accurate 8nd a working document that helps the organisalion, across all areas of our Work remains upd¥led and in line with best practice. From me lo Ilme, we implement Ilme limited Task and Finish groups that Trustees can choose to be part of as appropriate. Policies. Review W8 have implernented a new Policy sub-group with overall responsibility for the ongoing process of reviewing and updating our policies. We schodule in policies, review 8t specific Board meetings on our rolling calendar. organIsaonal Changes Cong (John) Wang stepped down at our May 23 Board meeting having been our Treasurer for alrllosl seven years. We would like to express OUT heartfelt thanks lo John who helped us manage our finances and develop our systems accordingly in line with our significant increasing turnover. Nlhough John stepped down officially, h& r&mained on hand for smooth transitic>n to new treasurer, V. R. Thay818n taking on the role as trustee and Treasurer in December 2023. We w8re delighted to welcome Aarthi Ravishankar lo our Board in February 2023, having worked closely with her on a prowous project. We already know she is a great ¢h8mplon and advocate of our work.
DocusSgn Envebpe10.. 5F70F19E.9864467B-A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 YHF TEAM During this period, both Keisha Njoku and Crislina Garcla changed roles lo.. Training Development Lead for Level Up Iformerly Grants Administralorl. YHF Grants Lead Iformerly HAF Programme Grants Lead) respectively. We had two rnembers of the team leave us during this period, Nancy Mohamed left as Conlenl Creator and Minal Patel as Member Capacity Building Manager. Fatima Asif has been on matemily leave sinc8 December 2023 and we welcomed Betty Lin as Children, University Co-ordinator in March 2024. Future fundlng We continue to rely heavily on John Lyon Charity, City Bridge Foundation and Harrow Council for the lion's share of our funding whilst actively sgeking other relevant funding. YHF has however, increased its Grant Giving role and been commissioned lo deliver a range of funding programmes. and secured an administration cast as a management fee lo help CDver staff IiTne. Our job remains to ensure we deliver high quality and measurable outcomes for the long term and sustainable benefit of our members. Our Activlties In 202312024 Membership YHF continues to operats with two strands of membership.. Members and Associate members. Our members are our key beneficiaries and take Priority in terms of fundraising and one to one support. Members are a range of srn811 to medium not for profit organisalions, delivering regular seNices diredy to children and young people in Harrow with a tumover of less Ihan £1 million. The majority have a much Smaller turnover and like all small to medium charities face challenges around capacity and funding. Although Associate members are not afforded the same level of supporL we work very ¢losely with them. Associates vary from organis8tions with a larger turnover lo those who support parents or only work on an ad-hoc basis with children and young people. In Ihis reporting period we worked with, 63 mernber5 IYHF key beneflaariesl. 174 associate members, 48 strategic partners, 25 private providers Ithrough HAFI, 21 6uslness partners, 28 Trusts and Foundations and 29 schools. We have had 11 new members, 33 new assoaales and worked with 3 new strategic and school partners YHF is detemiined to ensure we have an active and engaged membership. We continue to monitor this through our CRM systgm, informal conversation, network engagement opportunitses and through our annual r$view visits.
Docusign Envèk)pÈ10. 5F70F19E-986H67B-A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 K•y Ev•nts and Highlights Thls Ss Harrow This year w& delivered our third bomughwde Needs Analysis - 'This is H8rrow,' with approxirnalely 7,000 children and young people engaging in the process, sharing their views, challenges and ambitions. The outcomes inform our grant giving and ensure we continue to fund the rlghl programmes, designed to support the issues and challenges highlighted by children and young people locally. This yrk drives and informs planning at a strategic, boroughwide level. Funder Falr Our two key events in this period showed how much members. partners and funders were keen lo network and collaborate. W8 delivered a succossful funding event in pBrtnership with Voluntary Action Harrow IVAHI. We had a total of 51 delegates attend on the day with an excellent represenialion from 9 key funders. This event year allowed more lime for 1..1 discussion with funders, a mix of presentabons and practical w0shopS which from feedback on the day and lo dale has been really positive. Chlldren and Young Peopl¢'$ Conference The s&cond Harrow Children and Young P80ple Conference took pla¢0 in July 2023. with around 200 people in attendance, including schools, local authority, police and YHF members and Associates. YHF members were supported to network and connect with schools. There was a mental health locus, where specialist mental health delivery partners were able lo give presentab'ons on their offer to attendees. This event was highly successful and is something our member5 are keen to continue and develop. Working with schools and developing effective partnerships continues to be a challenge, on both sid8s, bul when and where it works w811, we have seen incredible results. Websllg Developmènt During the last financial year, the website showed notable growth. Key metrics, such as Ihts number of users, page views. and project enquiries increased their results bétweèn 350/D lo 50 /0 compared to the previous financlal year. Page views 143,000 245,000 Sessions 42,000 65,500 Users 27,881 44,720 Project Enqulrl•$ 1,822 2.853 ri12022- Marth 2023 We conducted a one-hour website review with all the YPFS subscribed to our website system scheme with positive resutts. We have seen since then that many of these organisalions are using most of the neyv websile developments created in the last 12 months. It's en¢our¥ging lo see how other organisations are improving their websites every day. YHF have continued to deliver our Work across key three key slratogic areas.. Unlocking Funding IncaSIng members access to funding. We hav8 unlocked a lolal of £1,956,710 through.. One to One fundlng sUPPOrt - we supported members 10 secure just over £70,000 through supporting members with applicalions outside of the YHF grants programmes. Collaboration Funding Support- £716,500 has been unlocked for our mernber5 through different partnerships or collaborations. This has benefited members and includes working with John Lyon's Charity, the NHS, Integrated Care Board and H8rrow CounGII. YHF Grant Giving. Through a number of funding streams, we hsjve givon out £1,170,210 in YHF Gronls during this rcporting period.
Docuslgn Envelwe ID." SF70F19E-9864467B-A948-C5C550C86AF7 YOUNG HARROW FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Main grant programmes includ8'. Harrow Change Maker5 is a newly fomied partnership of funders, corporate donors and statutory partners. conlribub'ng towards grants to members lo ensure we are addressing the issues raised in our most recent nèeds analysis 'This is Harrow., The partnership includes contributions from John Lyon's Charity, Harrow Schwl, Deo Duc8 Foundation, Orley Farm School and ES Broadcast. We funded 21 mernbers a total of £218,236. Hollday Actlvlty and Food Programme IHAF) - £736,000 offering 66 grants across 3 holiday programmes funded by the DIE through Harrow Council continues and is one our main grant giving sources. In this reporting period we delivered Summer and Christmas holiday programmes 2023 and Easter 2024. We continue to ensure this funding directly benefits our members but do fund a sm811 pèrcentage of Private Providers as Ihls helps with numbers and school partnership. 6 Crown Street Endowmènt Trust -we Secured £33,800 for year 2 Continuation funding lo enable 3 members to deliver on early intervention programmes focusing on drug and alcohol misuse and prevention. CNWL Young Adult Mental Health Support {16-25 yéar old51- we secured £50.000 to support this work through 3 members lor a second year. The programme aims to improve young adult mental health and wellbeing through one or all of the following.. addressing inequalities, better identifying unmel need, improving equality of access lo early intervention and wellbeing support and through engagement and riavigation of support. Breathe- Through funding from Health {via the Integrated Care Partnership) we were able lo fund mernber organis8tions (HOPE Harrow and CAAS - Centre for ADHD and Auti5rn1 a lotal of £36,000 for a one-year project to support parents and carers with children awaiting a diagnosis or on the CAMHS waiting list in Harrow. The project provides parents with practical lips and advice to navigate these difficult times and help promote positive and cooperative behaviour within their families. Supporting ARTS in Harrow John Lyon's Charity funding totalling £43,667 enabled 7 members to deliver community based art programmes across the borough, in response to Arts England evidence showing that Harrow is 1 of 8 boroughs in London with an exlr8mely Iow 8rt5 offer and engagement across the borough. Programmes were designed to increase engagement in the arts across both schools and communities. engage those children and young people who are least involved in the arts and to celebrate Harrow's diverse culture & heritage through 5UPPOrting arts-b8sed provision. Short BREAKS Pllot - through partnership wth Harrow School and the DVS Foundation we have allocated £41.534 to fund a main provider based al Shaftesbury High, a SEND school in Harrow to deliver a pilot designed to offer both children and young people and their parenlslcarers a more excitingldiveTse programme through short break allocations and referrals. In support of this Harrow Council, keen lo see how this model can devetop, allocallng additional funding for 'break- out sessions. bringing additionallspecialist activities lo the sessions. We plan lo share the outcomes and developments in nexi years, report. YHF is committed to increasing opportunities for those identifying as neur(Hliverse and ensurè we have the right actiV4ties on offer locally. Connect-Amplifying Gonnections and the voice of young people
DocU8n Envelope ID.. 5F7OFl9E-9864467Ag48-C5C5SoCB8AF7 YOUNG HARROW FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Thls is Harrow- N•ods Analysis We have cornpleted our third need5 analysis 'This is Harrow, with the voiw of 7,000 children and young people, highlighting the key needs and challenges facing young people in Harrow. We work strategically with a rangè of dglivery partners to ensure a joined-up approach to how and where funding and sijpport Is directed. Schools We held the second Children and Young People conference in July 23 with 150+ professionals from schools. Harrow Council and YHF members allending. The feedbaok was hugely positive in lerrns of adding value for membèrs connecting wf(h schools, and for schools to see and meet support seNices. VOICE- we secured funding lo support member organisations to develop their work around amplifying the voice of young people in how seNices c8n be developed and to bring a collective voice on key subjects, across Youth Violence Iwilh MOPACI and NHS (with fami HUBS). This h85 now replaced our original Change Champions model. ensuring members are SLJPPOrted and engaged throLJghout the process. Apprenticeshlp Development- commissioned by the Employment Team at Harow Council we worked with two of our mernbers tc> understand and make recommendations as lo how we iTllprove accessibility to local apprenticeship opportunities. NEON - Youth Provision at Northwck Park Hospiial We have been able lo lead and develop this programme from Youth Researchers to now h8ving three full time youth workers cofflmissioned through our members in our local hospitals. Northwick Park hospital now have follow on funding and will lead on this programme moving forward which is an amazing achievement, stemming from the pilot work delivered. Youth Research- Deep Dives We have been able lo deliver 4 deep dive research reports lo influence NHS, Harrow Council, Harrow Police and Education lo work with the Members lo deliver new setvices for Young People in need. This includes the a¥eas of Mental Health, Housing. Serious Youth Violence in Harrow Town centre and safely. Support and Develop- Support ourmembers with more funding, training and resources We delivered a bespoke, three part fundraising training for members including, funding tips. completing an Awards forAII application and org8ni531ional planning. Funil8d work with London wide Young People Foundauons IYPF'S) Level Up Youthwtsrk This year has seen the start of a partnership approach and shared funding between 6 Young People Foundations- supported by City Bridge Foundallon and led by Young We51minster Foundation. This programme focuse$ on Workforce Training Development for youth workers and those working directly with children and young people. Other YPF'S working with us indud8", Ealing. Hammersmith and Fulham, Camden, Kensington and Chelsea and Westminster. This has helped us to form81ise our offer to members and carry out a training needs and professional development needs analysis with those working on the ground through the set-up of a new, quarterly sUPPOrt network. We have delivered a diverse array of training based on identified need. We have had 82 members undertake specialist training through 11 local offers including., Ment81 Health First Aid, support for SEND and Neuro Diversity. Presents'ng and Public Spe8king, Managing Challenging Behaviour, First Aid and Supervision. We are CLJrrenlly recruiting those working locally with children and young people to sijpport theTN through a range of levels of the Youth Work qualification toward5 8 stronger, motivated, professional sector in Harrow. Afi of this would nol be possible without the generous support of OUT funders.
Docusign Env8knpe ID.. SF70F19E-9864467B-A948-C5C55OCB6AF7 YOUNG HARROW FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Wè would like lo extend a special thank you lo- John Lyon's Charity City Bridge Foundation Paul Hamlyn Foundation Harrow School Orley Farm School Harrow Council Public Health Harrow Department for Educafjon IDfEI DVS Foundation CofE 6 Crown Street Endowment Tru51 Ceniral Northwest London NHS Foundation Trust Deo Duce Foundation ES Broadcast Rainbow Fostering NHS Ilntggrated Care Partnership and Inlegraled Care Board) Harrow Borough Based Partnership Worklng wlth Strateglc Partngrs We continue lo develop a strong working relationship with Harrow Council, PLTrblic Health and the Harrow Borough 8ased Partnership, working strategically lo develop new ways of pulling and sharing resources for the benefit of all children and young people in Harrow. Our partnership with CNWL continues lo grow and develop especially around grant giving lo support mental health programme delivery through our membership. Working with Partnership for Young LondoneTS around regional role out ol youth work in health settings and promoting the voice of young people in the political arena through a young person's manifesto. Working with Harrow School The relationship with Harrow School has now become a vi181 and dynamic partnership. We have developed stronger working partnership with both them and John Lyon school through our child'S University Programme. Harrow School continue to be a core fundraising partner that have allracted more donor based partners and Worked th us to increase our engagement with local schools. Representing the $e¢tor on strategi¢ boards and network$. A key part of our role has been to influence decision making and bringlng the sector's voice lo both exisbng key networks locally and to London wide and Council committees. Our partnership and reputstion with the various boards has developed over the past years, resulting in being asked lo manage funding programmes with the local voluntsry sector, on their behalf. Working with other Young People Foundatlons and John Lyon's Charity We work cloyely as part of the growing movement of Young People Foundations and Local Youth Partnershlps Inationallyl lo share ideas and best practs'ce and lo learn from each other. Looking Ahead We a¢hieved a great deal last year and are pleased to say that next year marks our 10th anniversary. We are also approaching the end of our current strdlegic plan and will be working on a plan foT the nexi three year period. This will include looking at what CO elements ol our delivery have the greatest impact and ensure we stsy in line with member need5. We ConnUe to look at supporting our members with more sustainability through our grant making programmes. We will be embarking on our fourth Needs Analysis, a Schools conference, a Funder Event and a range of support networks and training for our members. With changes at local govemance level and the supw)rt of Harrow CouncAI's M8n8ging director, Mex Dewsnap, we have been working more closely with local Councillors and MPS to ensure Children and young people are at the lop of thelr agendas and considered at all level5.
Docuslgn Env&lcptt ID.. SF70FIgE-9864467B-A948-C5C550C86AF7 YOUNG HARROW FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fln8n¢lal review During the period ended 31 March 2024 the charily had total Income of £1.381,933 and total expenditure of £1,370,043, resulting in nel income for the year of £11,890. Our finances are robust and Balance Sheet is clean. 2023124 was another record year for both income and expenditure. See Slalemonl of Financial Activities on page 14. The Board of Trustees approved a Reserves Policy to hold a desired general reserve level of betwèen 3 and 6 months core operatlng costs in its General Reserve Fund. Thi5 Is lo support the operations of ihe charity during any lemporary reduction in grant income and also to enable a controlled rundown of provision if it became no longer laasiblè lo continue the operations of the charily. The Charity's policy is lo review its income streams and expenditure Gommitrnents on an annual basis, a prudent bvdgel was approved for 2024125 financial year. Total fLJnds held in General Reserves Fund on 31 March 2024 were £200,513, which slightly exceeded the target level of 3-6 months core operating costs by approximately £25,000. Plans are now in place to reduce this excess reserve over the next 2 years. The TTuslees' report was approved by the Board of Trustees. Clare Harrington Ichalrl 22nd August 2024 Date..
Docusgn Env8bpe ID". 5F70F19E-9864467B-A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees are responsible for preparing tha Trustees, Report and the finanual statements in accordance with 8pplicable law and United Kingdom Accounting Standards (United Kingdom Genefally Accepted Accounting Praclicel. The law applicable lo th8rities in England and Wales requi$ the Trustees to prepare financial statements lor each rinancial year which givg a tnje and fair view of the stste of affairs of the Foundation and of the incoming resources and application of resources of the Foundation for that year. In preparing these financial statements. the Trustees are required lo- select suitable accounting policies and then apply them consistentl, observe the methods and principles in the Charilies SORP., make judgements and eslim8les that are reasonable and prudent.. stale whether applic8ble aecounting standards have been followed, subject to any m3terial departures disclosed and explained in the financial stalemenls., and prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charity will continue in operation. The Trustees are responsible for keeping Sufficient accounting records that disclose wlth reasonable accuracy al any time the financial position of ihe Foundation and enable them to ensure that the flnancial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Foundation and hence for taking reasonable steps for the Prevention and detection of fraud and other irregularities.
DorAJsign Envebpe 10.. 5F70F19E-9864467B-A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION CRITCHLEYS INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YOUNG HARROW FOUNDATION Oplnion We have audlted the financial st8temenls of Young Harrow Foundation Ilhe 'Foundation'l for the year ended 31 March 2024 which comprise the statement of linancial activities, the balance sheet. the statement of cash flows and noles to the financial stalemenis, indudlng significanl accounting policies. The financial reporting framework that has been applied in their preparab'on is applicable law and United Kingdom Accounting Standards, including Finanaal Reporting Stsndard 102 The FinanGial Reporting Standard applicable in the UK and RepubliG of Ireland (United Kingdom Generally Accepted Accounting Prath'cel. In our opinion, the finanaal statements.. give a true and fair view Df the state of the charity's affairs as al 31 March 2L124 and of ils incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United lQngdom Generally Accepted Accounting Pracllce- and have been prepared in accordance wlh the requirfjments of the Chaiities Acl 2011. Basis for opinion We condLJCtod our audit in accordance with International Standards on Auditing {UKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audil of the financial stalemenls section of our report. We are independent of the Foundation in accordanee with the ethical requirements that are relevant to our audit of the financial siatements in the UK, including the FRC'S Ethical standard, and we hove fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence wo have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of accounting in the preparation of the financbal statements is appropriate. Based on the work we have performed. we have not idents'lied any material uncertainties relating to events or conditions that, individually or collectively, may cast Significant doubt on the Foundation's abilily to continue as a going concern for a period of al least twelve months from when the finanaal statements are aulhorised for issue. Our responsibilities and the responsibilities of the Tryste85 wlh respect to going concem are described in the rèlev8nl sections of this report. Other infomiation The other informallon cxsmprises the information included in the annual report other than th8 financial 51atemenls and our auditor's report Ihereon. The Trustees are responsible for the other information contained within the annual report. Our Dpinion on the finanaal statements does not cover the other information and we do not express any form of assurance conclLJsion Ihereon. Our responsibilily is lo read the other informatlon and, in doing so, conslder whether the other inforrnation 15 materially inconsistent wth the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be Tnaterially misslaled. If we identify such material inconsistencies or appar&nt material misstalements, we are required to determine whether this gives rise lo a material misstatement in the financial slalements themselves. If, based on the work we have perfomied. we conclude that there is a material misststemenl of this other information, we are required to r9PQrt that fact. We have nothing to report in this regard. Matters on which we are required to report by ex¢eption We have nothing lo report in resp8ct of the following matters in relation lo which the Ch3rilies (Accounts and Reports) Regulations 2008 require us to report lo you if, in our opinion.. the information given in the financial statements is inconsistent in any maleri81 spect with the Trustees, report., or sufficient accounting records have not been kèpl; or the financial staternents are not in agreement with the Bccounling records., or we have not Ceived all the infomiation and explanations we require for our audit.
Decu5ign Envelope ID. 5F70F19E-9864467B-A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION INDEPENDENT AUDrroR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUNG HARROW FOUNDATION Rasponsibilities of Trustees As explained more fully in the statement of Trustees, responsibilities, the Trustees are responsible for Ihe preparation of the financial slatemenls and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary lo enable the preparation of fin8ncial staternenls that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the Trustee5 are responsible foT assessing the Foundation's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the golng ¢oncem basis of 8¢counting unless the Trustees either intend to cease operations. or have no realisb'c altemalive but to do so. Audltorfs responslbllltles for the audlt of the financial statsments We have been appointed as auditor under section 144 of the Charities Act 2011 and rèport in arLordance with the Act and relevant regulations made or having effect thareunder. Our objectives are to obtain reasonable assuran about whether the financial statements as a wholè are free fro material misstatement, whether due to fraud or error, and to 155ue an auditor'5 report that includes our opinion. Reasonable assurance is a high level Df assumnce bul is not a guarantee that an audit conducted in accord8nce with ISAS IUKI will always detect a rnateri81 misstalemenl when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, Ihey could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, induding fraud, is detailed below. Our approad) to identifying and assessing the risks of material misstatement in respect of irregularities. including fraud and non-compliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and Skills to identify or recognise non-compliance with applicable laws and regulations. we identlfled the laws and regulations applicable to the company through discussions wlth dir¢etors and other management, and from our knowledge 8nd experience., we focused on sp8crfic laws and regulations which we cOndered may have a dlrecl material effect on the rinancial statements or the operations of the company. we assessed the extent of compliance with the laws and regula110115 id8ntified above through maklng enquiries of management and inspecting legal Corresponden where applicable,. and idenllfled laws and regulallons were communicaled within the audit team regularly and the team mained alert lo instsnces of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements lo material misstatement, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there wa5 sus¢eptibilily to fraud, their knowledge of aclual. suspected and alleged fraud., considering the intemal controls in place to milig8te risks of fraud and non-compliance with laws and regulations., and To address the risk of fraud through fflanagement bias and override of controls, we.. porformed analytical procedure5 10 identify any unusual or unexpected relationships; tested journal entries to identify unusual transactions., assess8d whether judgemenis and assumptions made in determining the accounting estimates wer8 indicative of polenb.al bias.. and inve81igaled the rationale bèhind significant or unusual Iransaetions. 12-
Decuslgn Env8lope ID". 5F70F19E-9864467B-A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUNG HARROW FOUNDATION In response lo the risk of irregularilles and non-compliance with laws and regulations, we designed pro¢eduTes which included, but were not limited lo.. agre8ing financlal statement disclosures lo undèrfwng supporting documentation., reading the minutes of meetings of those charged wilh governance., enquiring of management as to actual and potential litigation and Claims.. reviewing relevant Correspondence. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are frorn financial transactions, the less likely il is that we would become aware of non-compliance. Audib'ng standards also limit the audit procedures required lo identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspectlon of regulatory and legal correspondence, if any. Material misstatements that arise due lo fraud can be harder to det8cI than those that arise from error as thgy m8y involve deliberate concealment or collusion. A further description of our responsibilities is available on the Finanry81 Reporting Council's website al.. htlps../l wvM,Irc.org.uklaudilorsresponsibilities. This description forms part of our auditovs report. Use of our rèport This report is made solely lo the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken 50 that we might state to the charity's trustees thos8 mallers we are required to stale lo Ihern in an auditorfs report and for no other purpose. To the fullest extent pemiitted by law, we do not accepl or assume responsibilily to anyone other than the charity and the charity's trustees as a body, for our audit work. for this report, or for the opinions we have formed. Robert Kirtland {Senlor Statutory Auditor) for and on behalf of CtchIyS Audlt LLP 28.08.2024 Chartered Accountants ststutory Audltor Beaver House 23-38 Hythe Bridge Street Oxford OX1 2EP Crilchleys Audit LLP is eligible for appointment as auditor of the Foundation by virtue of its ellglbility for appointment as auditor of a company under section 1212 of the Companie5 Act 2006. 13-
Docu*gn Envalope 10.. 5F70F19E-9864467B-A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restrictèd lunds lunds 2024 2024 Total Unrestricted Restrlcted fund5 fund5 2023 2023 Total 2024 2023 Notes Income from. Donations and legacies Investments Other income 134,379 4,843 126,370 1.116,341 1,250,720 4,843 126,370 115.171 1.243 120,565 1,189,242 1,304,413 1,243 120,565 Total Income 265,592 1,116.341 1,381,933 236,979 1,189.242 1,426.221 enditure on.. Raising funds 1,614 1,614 781 781 Charitsble activities 243,186 1.125,243 1,368,429 222,570 1,141,968 1,364,538 Total expendlture 244,800 1,125.243 1,370,043 223,351 1.141,968 1,365,319 Net incomlngl(outgoingl resources before transfers 20,792 18,902) 11,890 13,628 47,274 60,902 Gro55 transfers between funds {4971 497 {1.5021 1,502 Net in¢omollexpenditurel for the y?arl Net movement In funds 20,295 18.4051 11,890 12,126 48.776 60,902 Fund balance5 at 1 April 2023 180,218 71,629 251.847 168.092 22,853 190,945 Fund balances at 31 March 2024 200,513 63,224 263,737 180.218 71,629 251,847 The ststemenl of financial aCt[lIeS includes all gains and losses recognised in the year. The statement of finanaal activities indudes all gains and losses Tecognlsed in the year. All incorne and expenditure derive from Continuing activities. 14-
Docusiqn Envdopa ID.. 5F70F19E-9864467B.A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Current assets Debtors Cash at bank and in hand 13 107,997 584,325 93,492 418.508 692.322 512,000 Creditors.. amounts falling due within oné y•ar 14 1428,5851 1260,1531 Net current assets 263.737 251,847 Income fund5 Restricted funds Unrestricted funds 17 63,224 200,513 71.629 180,218 263,737 251,847 19th August 2024 The financial statsmenls were approved by Ihe Trustees on ......................... Clare Harrington (Chairl 15-
D(Kvslgn Envebpe ID." SF70F19E-98644678-A94&C5CS50CB6AF7 YOUNG HARROW FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating acti¥ltl•s Cash generated from operations 21 160,974 219.035 Investlng a¢tivities Investment income received 4,843 1,243 Net cash generated frorn investing activitig 4,843 1.243 Net cash us¢d In financing actlvltl•s N8t increase In cash and cash equlval8nts 165,817 220,278 Cash and cash equivalents at beginnlng of year 418,508 198,230 Cash and cash equlvalènts at end of y¢ar 584,325 418,508 16-
Decusign Envalcye ID." 5F70F19E-9864467B.A948-C5C550CB8AFI YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles ChJrity information Young Harrow Foundation is a Charitable Incorporated Organisation Icharity no. 11635891 registered in England and Wales, established by Declaration of Trust dated 5 September 2015. Young Harrow Foundation constilules a public benelit entity as defined by FRS 102. 1.1 Accountlng conventlon The financial statements have been prepared in ac¢ordan¢e ¥Mlh the Foundation's Constitution. Ihe Charities Act 2011, FRS 102 "The Financial Reporting Standard appllcable in the UK and Republic of Ireland I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Stslemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1D21" {effeclive 1 January 20191. The Foundation is a Public Benefil Entity as defi'ned by FRS 102. The financial statemen15 are prepared in sterling. which is the functional currency of the Foundation. Monetary amounts in these finanGial statements are rounded lo the nearést £. The financial statements have been prepared under the histoii&91 cost convention. The principal accounting policies adopted are sel out btslow. 1.2 Going eoneern Al the lime of approving Ihe linanclal slalements, the Trustees have 8 reasonable expectation that the Foundation has adequate resourc8S to continue in operational existence lor the foreseeable future. Thus the Trustees continue to adopt the going concèm baS of accounting in preparing the financial stst8ments. 1.3 Charitable funds Unreslricled funds are available for use 81 the discretion of the Trustees in furthgrance of their charitable obj¢¢tSves. Restricted funds are subject lo specific conditions by donorslgranlors as to how they rnay be used. The purposes and uses of the restricted funds are set out in th8 notes lo the financial statements. 1.4 Income Incom8 is recognised when the Foundation is leg811y enlilled to il after any performance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Donations are accounted for as soon as their arnounl and receipt is certain. Donations include Gift based on amounts recoverabla al the accounllng date. Donated goods and services are included at the value lo YHF wher8 these can be quantified. No amounts are included in these financial statements for the seNices donated by volunteers of Trustees. Grants are recognised as receivable when all conditions lor receipt have been complied wlh. Where donor- imposed restriclions apply to the liming of the related expenditure as a precondllion of ils use. the grant is Irealed 85 deferred income until those striCtl0nS are mel. 1.5 Expenditure Exp8nditure is accounted for on an accrual basis and classified under the following headings= Co$15 of raising funds- comprise the direct and indirect costs ol generating income Charitable activities - cornprise the direct and indirect costs of the activities undertaken to further the piJrpnsp.q nf thp. rharity. 17-
Docusign Envelope ID." 5F70F19E-9864467B-A948-CSC550CB6AF7 YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies IContinued} Support costs are those functions that assist the work of the charitable company but do not directly undertake ftjndiaising or ch8rilable activities. Support costs include general ov2theads and governance costs Ilhose costs incurred In the governance of the charity and its assets and are prirnarlly associated with constilulional and statutory requirements) and are allocated on the basis of staff time devotsd to each aclivsty. 1.6 Cash and ¢ash •quivalents Cash 8nd cash equivalenis include cash in hand and deposits held al call with banks. 1.7 Flnancial instruments The Foundation has elecled to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Oth8r Financial Instruments 15sues' of FRS 102 to all of its f1nancial instruments. Financial instruments are recognised in the Foundation's balance sheet when the Foundation becomes party to the conlr8¢tual provisions of Ihe instrument. Financi81 assets and liabilities are offset, with the nel 8mounls pres8nted in the financial statements, when there is a legally enforceable right 10 Sel off the recognised amoun15 and there is an intention to settle on a nel basis or to realise the asset and sellle the liability simultaneously. 8asic financial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured al transaction price including Iran58Ction costs and Ère subsequently carried al amortised cost using the effective intefesl method unless the arrangement constitutes a financing Iransaclion, wheTe the transaction is measured 8t the present Value ol the futur8 receipts discounted al a market rale of interest. Fin8ncial assets classbfied as receivable wlthin one year a nol amortised. Basic flnanclal Ilabilitie$ Basic financial liabilities, including ¢redilors and bank loans are initially recognised at Iran58ction price unless the arrangement conslilules a financing Irans8ction, where the debt instrument is measured at the present value of the future payments discounted al a market rate of interest. Financial liabilities classrfied as payable within one year are not amortised. Trade credltors are obligations to pay for goods or services that have been acquired in the ordin8ry course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currènt liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. 1.8 Taxatlon Young Harrow Foundation is a registered Charity and is not subject lo corporation tsx on its current aciivities. The Charity is not registered for VAT. 1.9 Rètirement benèfits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 18-
Docusign Envak)p8 ID.. 5F70F19E-9864467B-A948Q5C550CB6AF7 YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crltical ae¢ounting estimat•s and judgements In the application of the Foundation'5 accounting policies, the Trustees are requlred lo make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent fiom other sources. The eslirn8les and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may drffer from these estim8les. The estimaley and undeAying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the perfod in which the estim8le is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. DonJtion3 and legaciès Unrestricted R•strl¢ted funds funds Total Unrestricted funds Restricted funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Grants for charitable activities Donated goods and setvices 7,579 10,000 17,579 171 18,741 18.912 111,800 1,106,341 1.218,141 100,000 1,170.501 fj,270,501 15,000 15.000 15.000 15,000 134,379 1,116,341 1,250,720 115,171 1.189,242 1,304,413 Donations and gifts DVS Foun(Jalion John Lyons School other donations & gift aid 11.650 3,741 3,350 11,650 3.741 3.521 7.579 10,000 17,579 171 7,579 10,000 17,579 171 18,741 18,912 19-
Docusign Envelopé ID.. 5F70F19E-9864467B-A948-C5C550C66AF7 YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donation5 and legacies Icontinuedl Grants recelvabla for core activitiès John Lyon's Charfty City Bridge Trust Paul HaTnlyn Foundation Harrow School HBrrow Council Crown Sl Partnership Grant Programme CNWL Harrow Together Short Breaks YWF DVS Foundation Small Grants 100,000 50.000 31,250 150.000 31,250 100,000 100.000 39,189 30,000 146,970 811,038 34,050 200.000 39.189 30,000 146,970 811,038 34,050 105,975 660,505 33,800 105.975 660,505 33,800 85,500 50,000 36,000 22,000 16.311 15,000 85,500 50,000 36,000 22,000 16,311 15.000 11.800 11,800 9,254 9,254 111,800 1,106,341 1.218,141 100,000 1.170,501 1,270,501 Income from Investrnent5 Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 4,843 1,243 Other Income Unre5trl¢t8d Unrestrlct8d funds funds 2024 2023 Other income YPF website Help Harrow Website Core Cost Contribution 8,470 24,340 7,350 80,405 27,440 7,200 91.730 126,370 120.565 20-
Docusign Envebpe ID.. 5F70F19E-9864467B-A948-C5C550C86AF7 YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable actlvltlés 2024 2023 Staff costs Small grants lo organisalions Other grant giwng activities linc. Build Back Better, HAF grants) SuprK)rt members lo build capacity IYPF website development, Help Harrow website elcl 223,560 47.115 1,015,446 214,545 45,627 993,468 21,023 52,482 1,307,144 1,306,122 Share of support costs (see note 81 Share of govemance costs (see note 81 55.885 5,400 53,916 4,500 1,368,429 1,364,538 Analys1$ by fund Unrestricled funds Reslricled funds 243,186 222.570 1,125,243 1,141.968 1,368,429 1.364.538 21
DoCugn Envelope ID.. 5F70F19E-9864467B-A948-C55oCB6AF7 YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants payable 2024 2023 Grants to In$tltutions: Active Sporting Communities CIC Afghan Assocalion of London (Haffow) ALIF Communities CIC Alridha Foundation Arts for Life Be Active Spts and Clubs Be the Band Canoe Sports Trust Centre for ADHD & AU$M Support Christ Church Roxeth PCC Community Connex Crazy Camps Creats've Futures 4 U Crowning Greatness Eden Academy EPIC Family Action Film Skool Deluxe Filmlnd Tr8ining CIC FLASH Musicals Fresh Arts CIC Harrow Carers Harrow Sl Mary's Youth Football Healing The World Home Group HOPE Harrow Family Learning Network Horixon Youth and Community Action Ignite Trust Joy Swrts Academy Junior Adventures Group Kenmore Park Junior School Khulisa Kids Can Ad)ieve Let's Leap Sports Academy London's Community Kitchen M and Asports Ltd MAGNA Group Enterprises Malhsmakers Met Police MIND My Yard Angel Hands Foundation Nomad North Harrow Community Llbrary Ominira Learning Ltd One Place Primary Sporting Development RollaDome All Skate Ltd Spori In Schools Ltd 16,712 12,800 4,250 33,950 20,000 13,520 609 2,901 15,654 7,996 4,171 1,5QO 7,770 9,758 27,773 7.528 18,578 8.000 7,855 6,997 5,374 6.920 12,620 28,510 8,250 9,000 12,902 18,168 15,731 10,675 4.800 18,549 36,000 s,000 20,994 6,800 2,430 8.680 14,782 17,847 12,OSO 63,318 3.376 292,390 58,999 41,000 6,500 13,500 8.000 5,342 12,7QO 21,686 22.840 73,700 5.323 249,500 6.000 11,428 20,000 42,500 16,030 2,231 1.250 127,443 36,848 8.500 10,800 7,000 4,909 2,500 22-
Docusign Env8lope ID.. 5F70F19E-986H67B-A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants payable (Continued) Srishti Yuva Culture Sl Albans ChLJrch Steps lo Success Academy Super Star Sport Wesl London Sweet Science Synergy Theatre Project The Hive Foundation The Josh Hanson Charitable Trust The Wish Centre Ltd Unique Community Charity Urban Flyers CIC Urban Studio Sessions Volunteer Police Cadets Watford FC Community Sports Edu Trust Woodland Forest School Zest of Mind Other organisations 12,500 13,916 19,700 10,509 25,083 18,660 6,024 15,000 36,000 23,366 15,000 1,020 2,904 42,575 1,300 9,290 1,250 24,470 6,808 25,990 16,000 36.450 8,000 17.000 5.000 16,821 55,319 Total 1,105,617 1.040.355 Support Costs allocated to Octivities 2024 2023 Office rent offi supplieslequipmenVtelephonellT Subscriplionsllnsurance Travelllraininglvolunleer expenses Professional fees Accountsncylpayroll fees Other Governance costs 15,000 25,845 3.425 251 1,614 10,104 1,260 5,400 15,000 20,214 3,289 502 781 14,883 28 4,$00 62,899 S9,197 Analysed between.. Fundraising Charitable activities 1.614 61,285 781 58,416 62,899 59,197 Net movoment In funds 2024 2023 The net movement in funds is stated 8fter chargingllueditingl.. Fees payable for the audit of the charitls financial statemenis 5.400 4,500 23-
Docuggn Envelope ID." 5F70F19E-9864467B-A94&CSC55OCB6AF7 YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Trustees No Trustees received remuneration from the Charity in the year12023'. £Nil}. No Trustee received an expense reimbursement from the Charity12023.. £52}. Two Trustees (Sanjay Chandarana and Steve Williams) hold positions at local youth organisalions that a members of Young Harrow Foundation. They have no influence in grant making decisions at Young Harrow Foundation. 11 Employ•es The average monthly nurnber of employees during the year was.. 2024 Numbar 2023 Number Employment Costs 2024 2023 Wages and salaries Social security costs Other pension costs Other staff expensgs 201,332 12,554 7.921 1,753 193.707 12,285 7,432 1,121 223,560 214,545 There were no employees whose annual remuneration was moro than £60,000. Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the charity. The key management personnel of Young Harrow Foundation are th8 Trustees and the Chief Executive Officer. Total remuneration paid to key management personnel in the year amounted lo £68,111 including employerfs NIC12023'. £67,498). 12 Taxatlon The charity is exempt from taxation on its actlvilies becaus8 all its income is applied for charitable purposes. 13 Debtors 2024 2023 Amounts falling duo wlthin one year: Other debtors Prepayments and accrued income 17,200 90,797 2,460 91,032 107,997 93.492 24-
Docu8rgn Envelope ID." 5F70F19E-9864467B-A948-C5C550CB6AF7 YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Cr¢dltors'. amounts falllng due wlthin one year 2024 2023 Trade creditors Other creditors Arual$ and deferred income 7,470 1,694 419,421 185 1,258 258,710 428,585 260.153 15 Deferred Income 2024 2023 Other deferred income 405,021 249,102 Deferred income is included in the financial statements as follows.. 2024 2023 Deferred income is included within= Current liabilities 405,021 249,102 Movements in the year.. Deferred income at 1 April 2023 Released from prewous periods Resources deferred in the year 249,102 1249,1021 4Q15,021 3,350 13,3501 249,102 Deferred income at 31 March 2024 405,021 249,102 DefeTred income relates to grant income received durlng the year, which relates to the delivery of seNices after the year end. 16 Retlrement beneflt schèmes 2024 2023 Defined contrlbullon schemes Charge to profit or loss in respect of defined contribution schemes 7,921 7,432 The Foundation operates a defined contribution pension scheme for all qualifying 8mployees. The assets ol the scheme are held separately from those of the Foundation in an independently adminlslered fund. .25-
DoBuslgn Envelope ID.. SF70F19E-986446784948-C5C550CB6AF7 YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restrfctsd funds The restricted funds of the charity comprise the unexpended balances of don8tk)ns and gr8nls held on trust subject to specific Conditions by donors as lo how they may be used. At 1 Aprll 2023 In¢omlng r8sources R&souTces expended Transfers At 31 March 2024 John Lyon's Ch8rity Deo Duce Paul Hamlyn Foundation Crown Street City Bridge Trust Harrow School Harrow Counal DVS Foundation Harrow Together Voluntary Ath'on Harrow Orl@y Farm School Maitri Foundation College ol North West London Individual Donor and Gift Aid Other 33.690 50,000 26,500 159,1151 126,5001 110,0001 133,8001 145,9891 197.1171 1656,223) 133,000} 142,691) {4,0001 15,0001 18,0001 150,0001 150,0001 13,8081 24,575 10,000 33,800 33,050 105,975 660,505 34,200 36,000 10.000 15.000 8,000 50,000 50,000 3,311 12,939 8,858 4.282 1,200 8.309 6,000 10,000 15,000 497 71,629 1.116,341 (1,125,243) 497 63,224 Prevlous year.. At 1 Aprll 2022 Incoming rèsources R•sources expended Transfer5 At 31 March 2023 John Lyon's CharSty Deo Duce Paul Hamlyn Found8tion Crown Street Jack Petchey Foundation City Bridge Trust John Lyon's School Harrow School Harrow Council DVS Foundation Harrow Together 2,317 100,000 10,OQO 30.000 34,050 17461 39,189 3,741 146,970 796,038 15,000 15,000 168,6271 110,000) 13Q,000} 134,0501 33,690 10,000 10,000 746 10,000 136,2501 13,7411 1147,0241 1797,2761 115,000} 12.939 54 702 536 15.000 22,853 1,189,242 11,141,968) 1.502 71,629 26-
Docusign Envelope ID.. 5F70F19E.9864467BA94&C5C550C86AF7 YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restrlcted funds (Continued) CNWL Grants- Mental Health Funding over 2 grant priority areas. Grants 1.. To improve young adult116-25s1 mentsl health and wellbelng through one or all of the followlng.. Addressing inequalities 8etler identifying unmet need Improving equality of access to eady intervention and wellbeing support Engagement and navigation of support Grants 2.. The impact we want lo see from the pilots are one or more of the following for CYP aged 5-15.. Reduction in referrals into core CAMHS teams. Additional support for those on core CAMHS teams waiting lists, potentially preventing children becoming more complex or presenting in crlsis. Reduction in core CAMHS team's length of slay through additional support earlier than ¢urrenlly available. HAF 21 and 22- YHF to Contract manage the grants for the Holiday Activity and F(K)d IHAFI programme with the aim being lo support childran lo eat more healthily, b¢ more active over the school holidays and have greater knowledge of health and nutrition as well as be more engaged with school Bnd other local services. This also included Grant management, M&E, reporting lo DFE and delivering visits lo all providers. John Lyons Small Grants- Small Grants fund from John Lyons that are aimed to be accessib18 for organisalions who do not receive regular John Lyons funding and pr¢orilize organlsations who have a tumover of less than £250,000. Young Carers- Contract manage grants dedicated lo Community awareness Campaigning with the aim of the project being.. Review and improve access lo young carer needs assessrnents. Improve and widen the reach of identificalion of young carers. Improve referral pathways. Revlew and improve access lo Information and support services available. Core Restricted- Funding from City Bridge Trust. Paul Hamlyn Foundation and The Greater London Authority all restricted to funding staff posts, on costs and the Core team. 18 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specifi¢ ¢ondilions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specrfic purposes. At 1 Aprll 2023 Incomlng resources Resourc•$ expand8d Transfers At 31 Marth 2024 General funds 180,218 265,592 1244,8001 14971 200.513 Previous year.. At 1 April 2022 Incoming resources R•sources expandèd Transfors At 31 March 2023 Gener81 funds 168.092 236,979 1223,3511 11,5021 180,218 -27-
Docusign Envelopé ID.. 5F70F19E-9864467B-A94&C5C550CBEAF7 YOUNG HARROW FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Analysls of net assets between funds Unrestricted funds 2024 Restri¢ted funds 2024 Total 2024 At 31 March 2024: Current asselsllliabilities) 200,513 63,224 263,737 200,513 63,224 263,737 Unrestricted funds 2023 Restrlctod funds 2023 Total 2023 At 31 March 2023.. Current 9sselsllliabililiesl 180,218 71,629 251.847 180,218 71,629 251,847 20 Relatsd party transactlons There were no disclosable related party transactions during the ye8r12023- none). 21 Cash gén8rated from operations 2024 2023 Surplus for the year 11,890 60,902 Adjustments for.. Investment income recognised in statement of financial activities 14,8431 11.243) Movements working capital: Ilncre8sel in debtors Increase in creditors Increase in deferred income 114,505) 12,513 155.919 192,8921 6,516 245.752 Cash genoratsd from oper•tlons 160,974 219,035 22 Analy51s of changes In net funds The Foundation had no material debt duririg the year. -28-