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2025-08-31-accounts

Annual report and financial statements Year ended 31 August 2025 Charity no 1164644

Parallel Youth Enterprise Annual report and financial statements Year ended 31 August 2025

Contents

Contents

Legal and administrative information 2
Trustees’ annual report 3
Independent examiner’s report 6
Statement of financial activities 7
Balance sheet 8
Notes to the financial statements 9

Registered charity no 1164644

1

Legal and administrative information

Parallel Youth Enterprise Annual report and financial statements Year ended 31 August 2025

Legal and Administrative Information

Charity name Parallel Youth Enterprise Charity registration no 1164644 (England and Wales) Registered address Kingswood Kings Chase Crowborough East Sussex, TN6 1RQ Trustees Pastor Lorraine Jones-Burrell Chairperson Graham Norman Treasurer Karen Stokes Secretary Callum Dann Simon Thompson Richard Wilson Administrator John Street Independent examiner Enaid Accountancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road Barry, CF62 5QU Principal bankers Lloyds Bank plc 137 North End Croydon Surrey, CR0 1TN

Registered charity no 1164644

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Parallel Youth Enterprise Annual report and financial statements Year ended 31 August 2025

Trustees’ annual report

Trustees’ Annual Report

The Trustees present their report with the financial statements for Parallel Youth Enterprise (PYE) for the year ended 31 August 2025.

Achievements and Performance

At present there are 2 projects that come under the umbrella of Parallel Youth Enterprise. They are:

Aims and Objectives

The objects of Parallel Youth Enterprise are the following:

Delivering Public Benefit

Parallel Youth Enterprise’s objectives and activities fully reflect the purposes that the Charity was set up to further. Throughout the process of determining these activities, the Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the Charity.

The Parallel Youth Enterprise (PYE) is proud of the exceptional partnership it has with the Metropolitan Police and other agencies.

By working together, the Met Police and the PYE delivered the Lambeth Summer Camp for young people living or going to school in Lambeth and Southwark.

Because of a lack of resources in late 2024, the Metropolitan Police could no longer run summer camps and so the Wandsworth Summer Camp had to cease. However, because of the number of years that the Lambeth Summer Camp had been running it was treated as a special case and was able to go ahead.

The project tackled the issues of crime and deprivation by providing a programme of recreational and educational activities in a safe environment for over a hundred disadvantaged young people during the long summer school holidays.

2025 saw once again referrals from social services and schools of those who required additional SEN support.

We are proud to report that our Chair, Pastor Lorraine Jones-Burrell was awarded a well-deserved MBE for all, the hard work and dedication she has given over the past years for the benefit of the community of Lambeth.

Lambeth Summer Camp

121 young people aged 9 to 16 enrolled in the 18-day project at The Oasis St Martin’s Village Tulse Hill SW2. 35% of those who attended required SEN support.

Because of a grant it was possible to offer every young person a free lunch. A total of 1260 lunches were given out.

There were over 200 x 2-hour on site workshops and sports sessions and over 50 day, or half day, off site trips.

Wandsworth Summer Camp

The Trustees decided to cancel the project in May due to insufficient funding being available.

Activities

The activities included 14 assorted workshops and sport which include music, dance, arts & crafts, video, face painting, computers, hair and nail care together

Registered charity no 1164644

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Trustees’ annual report

Parallel Youth Enterprise Annual report and financial statements Year ended 31 August 2025

with football and hall sports. Visits were made by the Met Mounted Branch.

The off-site trips took place at activity centres in Kent, ice skating, Tenpin bowling, Flipout Croydon, Minigolf, Herne Hill Velodrome, London Zoo, Go Karting, Laser Quest.

At the 2023 AGM the Lambeth Boxing Awards, who work in partnership with Dwaynamics and local police, delivered more community type activities than noncontact boxing so was re-named Lambeth Community & Boxing Awards (LC&BA).

This continues to run on Mondays, Tuesday, Wednesday and Fridays for boys and girls mainly from the Lambeth borough.

The Neighbourhood police Team for Loughborough have teamed up with the Community Coaches and volunteers providing a safe space of learning and development for young people aged between 5 years - 15 years.

We improve the health and wellbeing of children as well as diverting young people away from crime and anti-social behaviour. We work with vulnerable children which are NEET and children with disabilities. This year we engaged with 350 youth and the highlight of our Recognition was from our Prime Minister Kier Starmer who met with Pastor Lorraine MBE in June 2024 with Actor Idris Elba and praised the great work we are doing.

Addressing the problem of Knife crime has been pushed higher up on the agenda the Prime Minister echoed and the increased investment to the Police and Community groups to help young people.

Building trust and confidence is at the top agenda for them and I can confidently say that the Police officers working in our projects are achieving their goal of building more trust and confidence with our young people.

Financial Review

Against the backdrop of ever limited resources of funding, it continues to be a challenge to ensure we have sufficient funds and adequate reserves to deliver and develop the Lambeth and Wandsworth Summer Camps in the way we wish.

Nevertheless, the Charity, with the aid of sound financial management and the support of both its Board and Administrator, has a sound financial base, which is constantly reviewed.

During the current financial year, the Charity achieved a surplus of £11,685 (2024: deficit of £14,614), increasing total reserves at year end to £26,232 (2024: £14,547).

Of the reserves held at year end, £25,628 (2024: £14,547) related to unrestricted funds and £604 (2024: £Nil) related to restricted funds.

Principal Funding Sources

The Charity's funding arises from voluntary donations, grants by individuals and charitable organisations and a nominal enrolment fee for the Summer Camps which is used for the year-round administration costs. A full list of principal donors can be found in the published Annual Review for 2023 and 2024 which are available from the Administrator.

Reserves Policy

The current level of reserves at £25,628, and projected pledged income is considered by the Trustees to be adequate to support the continuation of the PYE projects over the coming year and the financial position of the Charity is satisfactory. Reserves will inevitably diminish with budgeted expenditure on the forthcoming activities and this will necessitate the planned ongoing fundraising activities.

Structure, Governance and Management

Governing Document

Plans for Future Periods

It is the Trust’s intention to continue using the same format and planning / fundraising strategy as the present three projects that come under the umbrella of the Parallel Youth Enterprise. They are:

Parallel Youth Enterprise is a Charitable Incorporated Organisation (CIO) registered with the Charity Commission (England & Wales). The Charity registration number is 1164644.

It is governed under its Constitution which was adopted on 9 December 2015.

Recruitment and Appointment of Trustees

New Trustees are appointed to the Board by the existing Trustees in accordance with the Constitution. The current Trustees would be pleased to hear from anyone who thought that they could make a contribution to the future running and welfare of the Charity.

Registered charity no 1164644

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Trustees’ annual report

Parallel Youth Enterprise

Annual report and financial statements Year ended 31 August 2025

There is a minimum of three Trustees required always, with no maximum number of Trustees.

Under the requirements of the Constitution, a third of the members of the Board of Trustees are required to retire at the annual general meeting.

The Constitution defines members as subscribers to the Constitution and other such persons as the Board shall admit to membership. The members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.

Trustee Induction and Training

Any new Trustee appointed would have an induction and training programme tailored according to need.

Related Parties

There are no related party transactions for the period.

Organisational Structure

During the past year Trustees have met regularly and remain responsible for the strategic direction and policy of the Charity. At present, the Board members are from a variety of professional backgrounds relevant to the work of the Charity.

The Board of Trustees engage the services of an Administrator who attends all Board meetings but has no voting rights. He has the responsibility for the yearround PYE administration, fundraising, planning, website maintenance and supporting the project teams. A scheme of delegation is in place for day to day responsibility both during the projects' summer programme and during the year.

Statement of Board of Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations. Charity law requires the Trustees to prepare financial statements for each financial year. Under that law they are required to prepare the financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the excess of expenditure over income 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. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the financial and other relevant information included on the Charity’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. In addition, the Trustees confirm that they are happy that content of the annual review in pages 3 to 5 of this document meet the requirements of the Trustees’ Annual Report under charity law.

They also confirm that the financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland second edition effective 1 January 2019.

This report was approved and authorised for issue by the Board of Trustees on 3 March 2026 and signed on its behalf by:

Pastor Lorraine Jones-Burrell

Chair of the Board of Trustees

Registered charity no 1164644

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Parallel Youth Enterprise Annual report and financial statements Year ended 31 August 2025

Independent examiner’s report

Independent Examiner’s Report to the Trustees of Parallel Youth Enterprise (‘the CIO’)

I report on the financial statements of the CIO for the year ended 31 August 2025, which are set out on pages 7 to 16.

Respective responsibilities of trustees and examiner

The CIO’s Trustees are responsible for the preparation of the accounts. The CIO’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

This report, including my statement, has been prepared for and only for the CIO’s Trustees as a body. My work has been undertaken so that I might state to the CIO’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 CIO and the CIO’s Trustees as a body for my examination work, for this report, or for the statements I have made.

Independent examiner's statement

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

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.

Andrew Philip Nash FCA

Member of the Institute of Chartered Accountants in England and Wales – 2461833

Dated: 3 March 2026

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the CIO and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters.

Enaid Accountancy Ltd Units 24 & 25 Goodsheds Container Village Hood Road Barry, CF62 5QU

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Registered charity no 1164644

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Statement of financial activities

Annual report and financial statements Year ended 31 August 2025

Parallel Youth Enterprise

Statement of Financial Activities

For the year ended 31 August 2025

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
5 & 6
Charitable activities:
Summer Camps
5 & 7
Total expenditure
Net income/(expenditure) for the year
Reconciliation of funds:
Total funds brought forward
10 & 11
Total funds carried forward
10 & 11		 Unrestricted
Funds
Year ended
31 Aug 2025
£
485
10,596
11,081
-
-
-
11,081
14,547
25,628		 Restricted
Funds
Year ended
31 Aug 2025
£
72,402
-
72,402
2,630
69,168
71,798
604
-
604		 Total
Total
Funds
Funds
Year ended
Year ended
31 Aug 2025
31 Aug 2024
£
£
72,887
69,940
10,596
11,138
83,483
81,078
2,630
3,856
69,168
91,836
71,798
95,692
11,685
(14,614)
14,547
29,161
26,232
14,547

The notes on pages 9 to 16 form part of the financial statements.

Registered charity no 1164644

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Balance sheet

Annual report and financial statements Year ended 31 August 2025

Parallel Youth Enterprise

Balance Sheet

As at 31 August 2025

Notes
Current assets:
Debtors
8
Cash at bank and in hand
Creditors:amounts falling due
within one year
9
Net current assets
Net assets
Funds of the charity:
Restricted funds
10 & 11
Unrestricted funds:
General funds
10 & 11
Total charity funds		 13,804
19,856
33,660
(7,428)
25,628		 Total
Funds
31 Aug 2025
£
5,668
16,667
22,335
(7,788)
26,232
26,232
604
14,547
25,628
26,232		 Total
Funds
31 Aug 2024
£
14,547
14,547
-
14,547
14,547

The notes on pages 9 to 16 form part of the financial statements.

These financial statements were approved and authorised for issue by the Board of Trustees on 3 March 2026 and signed on their behalf by:

Pastor Lorraine Jones-Burrell

Chair of the Board of Trustees

Registered charity no 1164644

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Notes to the financial statements

Parallel Youth Enterprise Annual report and financial statements Year ended 31 August 2025

Notes to the Financial Statements

1. Accounting policies

Basis of preparation of the financial statements

The financial statements have been prepared in accordance with ‘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) second edition (effective 1 January 2019)’, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The effect of any event relating to the period ended 31 August 2025, which occurred before the date of approval of the financial statements by the Board of Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 August 2025 and the results for the year ended on that date.

Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.

The functional currency of the Charity is sterling and amounts in the financial statements are rounded to the nearest pound.

Going concern

The financial statements have been prepared on the going concern basis as the Board of Trustees is confident that future reserves and future income is more than sufficient to meet current commitments. There are no material uncertainties that impact this assessment, and the ongoing wider economic environment has had no material impact on this assessment.

Legal status

Parallel Youth Enterprise is a Charitable Incorporated Organisation registered in England & Wales, and meets the definition of a public benefit entity under FRS 102. In the event of the Charity being wound up, the members have no liability with respect to outstanding liabilities. The registered address is Kingswood, Kings Chase, Crowborough, East Sussex, TN6 1RQ.

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.

particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in note 10 of the financial statements.

Income

Income is recognised when the Charity has entitlement to the funds, any performance indicators attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Donations are recognised in full in the Statement of Financial Activities when entitled, receipt is probable and when the amount can be quantified with reasonable accuracy. Gift aid receivable is included when claimable.

Grant income is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless the grant relates to a future period, in which case it is deferred.

Income from charitable activities is credited to the Statement of Financial Activities when received or receivable whichever is earlier, unless it relates to a specific future period or event, in which case it is deferred.

Expenditure and irrecoverable VAT

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities.

Indirect costs, including governance costs, which cannot be directly attributed to activities, are allocated proportionate to total direct costs allocated to each project area, as outlined in note 5 of the financial statements.

Irrecoverable VAT is charged against the category of expenditure for which it was incurred.

Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised.

Currently the Charity holds no assets above this limit.

Cash at bank and in hand

Cash at bank and in hand includes cash in hand, deposits with banks and funds that are readily convertible into cash at, or close to, their carrying values, but are not held for investment purposes.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors or that have been raised by the Charity for

Registered charity no 1164644

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Notes to the financial statements

Parallel Youth Enterprise Annual report and financial statements Year ended 31 August 2025

1. Accounting policies (continued from previous page)

Debtors and prepayments

Trade and other debtors are recognised at the settlement amount after any trade discount is applied. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors

Creditors are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party, and the amount due to settle the obligation can be measured or estimated reliably.

Critical estimates and judgements

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. The capitalisation limit and subsequent depreciation policies for property, plant and equipment are sensitive to changes in useful economic lives and residual values of assets. These are reassessed annually. In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

Financial instruments

Basic financial instruments are measured at amortised cost other than investments which are measured at fair value.

2. Comparative statement of financial activities

Notes
Income from:
Donations and legacies
3
Charitable activities
4
Total income
Expenditure on:
Raising funds
5 & 6
Charitable activities:
Summer Camps
5 & 7
Total expenditure
Net income/(expenditure) for the year
Reconciliation of funds:
Total funds brought forward
10 & 11
Total funds carried forward
10 & 11		 Unrestricted
Funds
Year ended
31 Aug 2024
£
18,500
11,138
29,638
3,856
40,340
44,196
(14,558)
29,105
14,547		 Restricted
Total
Funds
Funds
Year ended
Year ended
31 Aug 2024
31 Aug 2024
£
£
51,440
69,940
-
11,138
51,440
81,078
-
3,856
51,496
91,836
51,496
95,692
(56)
(14,614)
56
29,161
-
14,547

Registered charity no 1164644

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Notes to the financial statements

Annual report and financial statements Year ended 31 August 2025

Parallel Youth Enterprise

3. Income from donations and legacies

----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31 Aug 2025 31 Aug 2025 31 Aug 2025
£ £ £
Grant income - 72,402 72,402
Donations 485 - 485
485 72,402 72,887
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31 Aug 2024 31 Aug 2024 31 Aug 2024
£ £ £
Grant income 18,250 51,440 69,690
Donations 250 - 250
18,500 51,440 69,940
4. Income from charitable activities
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31 Aug 2025 31 Aug 2025 31 Aug 2025
£ £ £
Summer camp enrolments 10,596 - 10,596
10,596 - 10,596
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31 Aug 2024 31 Aug 2024 31 Aug 2024
£ £ £
-
Summer camp enrolments 11,138 11,138
11,138 - 11,138
----- End of picture text -----

Registered charity no 1164644

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Notes to the financial statements

Parallel Youth Enterprise

Annual report and financial statements Year ended 31 August 2025

5. Total expenditure

----- Start of picture text -----
Direct Indirect Total
costs costs Funds
Year ended Year ended Year ended
31 Aug 2025 31 Aug 2025 31 Aug 2025
£ £ £
Expenditure on:
Raising funds 2,322 308 2,630
Charitable activities:
Summer Camps 61,060 8,108 69,168
63,382 8,416 71,798
Direct Indirect Total
costs costs Funds
Year ended Year ended Year ended
31 Aug 2024 31 Aug 2024 31 Aug 2024
£ £ £
Expenditure on:
Raising funds 3,431 425 3,856
Charitable activities:
Summer Camps 81,713 10,123 91,836
85,144 10,548 95,692
----- End of picture text -----

Indirect costs have been allocated based on the proportion of direct costs attributable to each activity.

An analysis of charitable activities split between restricted and unrestricted funds can be found in note 7.

An analysis of costs of raising funds split between restricted and unrestricted funds can be found in note 6.

Indirect costs includes the following costs:

----- Start of picture text -----
Total Total
Funds Funds
Year ended Year ended
31 Aug 2025 31 Aug 2024
£ £
Administration costs 6,976 9,108
Governance costs:
Independent examination 1,440 1,440
8,416 10,548
----- End of picture text -----

Registered charity no 1164644

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Notes to the financial statements

Parallel Youth Enterprise Annual report and financial statements Year ended 31 August 2025

6. Expenditure on raising funds

----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31 Aug 2025 31 Aug 2025 31 Aug 2025
£ £ £
Direct costs - 2,322 2,322
Indirect costs - 308 308
- 2,630 2,630
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31 Aug 2024 31 Aug 2024 31 Aug 2024
£ £ £
Direct costs 3,431 - 3,431
Indirect costs 425 - 425
3,856 - 3,856
----- End of picture text -----

7. Expenditure on summer camps

----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31 Aug 2025 31 Aug 2025 31 Aug 2025
£ £ £
Direct costs - 61,060 61,060
Indirect costs - 8,108 8,108
- 69,168 69,168
Unrestricted Restricted Total
Funds Funds Funds
Year ended Year ended Year ended
31 Aug 2024 31 Aug 2024 31 Aug 2024
£ £ £
Direct costs 30,273 51,440 81,713
Indirect costs 10,067 56 10,123
40,340 51,496 91,836
----- End of picture text -----

Registered charity no 1164644

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Notes to the financial statements

Annual report and financial statements Year ended 31 August 2025

Parallel Youth Enterprise

8. Debtors

----- Start of picture text -----
Total Total
Funds Funds
31 Aug 2025 31 Aug 2024
£ £
Accrued grants and summer camp enrolments 13,804 5,668
13,804 5,668
----- End of picture text -----

Accrued grant income and summer camp enrolments consists of grant income received in arrears for the August summer camps totalling £13,804 (2024: £5,668).

9. Creditors – amounts falling due within one year

----- Start of picture text -----
Total Total
Funds Funds
31 Aug 2025 31 Aug 2024
£ £
Accruals 7,428 7,788
7,428 7,788
----- End of picture text -----

Registered charity no 1164644

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Notes to the financial statements

Annual report and financial statements Year ended 31 August 2025

Parallel Youth Enterprise

10. Analysis of charity funds

----- Start of picture text -----
Funds Income Expenditure Transfers Funds
brought in the in the between carried
forward period period funds forward
Year ended Year ended Year ended Year ended Year ended
31 Aug 2025 31 Aug 2025 31 Aug 2025 31 Aug 2025 31 Aug 2025
£ £ £ £ £
Unrestricted funds 14,547 11,081 - - 25,628
Restricted funds:
- - - - -
Lambeth & Community Boxing Awards
Summer Camps - 72,402 (71,798) - 604
- 72,402 (71,798) - 604
14,547 83,483 (71,798) - 26,232
----- End of picture text -----

Restricted funds – Summer Camps

This consists of a variety of grants and donations made to both summer camps.

----- Start of picture text -----
Funds Income Expenditure Transfers Funds
brought in the in the between carried
forward period period funds forward
Year ended Year ended Year ended Year ended Year ended
31 Aug 2024 31 Aug 2024 31 Aug 2024 31 Aug 2024 31 Aug 2024
£ £ £ £ £
Unrestricted funds 29,105 29,638 (44,196) - 14,547
Restricted funds:
Lambeth & Community Boxing Awards 56 - (56) - -
Summer Camps - 51,440 (51,440) - -
56 51,440 (51,496) - -
29,161 81,078 (95,692) - 14,547
----- End of picture text -----

Restricted funds – Lambeth & Community Boxing Awards

This consists of a variety of grants and donations made to support the Lambeth Boxing Awards - a non-contact community/police run boxing project located in Brixton.

Registered charity no 1164644

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Notes to the financial statements

Annual report and financial statements Year ended 31 August 2025

Parallel Youth Enterprise

11. Analysis of net assets

----- Start of picture text -----
Unrestricted Restricted Total
Funds Funds Funds
31 Aug 2025 31 Aug 2025 31 Aug 2025
£ £ £
Current assets 33,056 604 33,660
Current liabilities (7,428) - (7,428)
25,628 604 26,232
Unrestricted Restricted Total
Funds Funds Funds
31 Aug 2024 31 Aug 2024 31 Aug 2024
£ £ £
Current assets 22,335 - 22,335
Current liabilities (7,788) - (7,788)
14,547 - 14,547
----- End of picture text -----

12. Trustee remuneration

During the year, no Trustee received any remuneration (2024: £Nil). No members of the Board of Trustees received reimbursement of expenses (2024: £ Nil).

13. Related party transactions

During the year there were no transactions carried out with related parties (2024: £ Nil).

14. Guarantees and secured charges

As of 31 August 2025 the Charity did not have any outstanding guarantees to third partners nor any debts secured against assets of the Charity (2024: £Nil).

Registered charity no 1164644

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