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2023-06-30-accounts

REGISTERED COMPANY NUMBER: 09626315 (England and Wales) REGISTERED CHARITY NUMBER: 1165108

SHROPSHIRE YOUTH SUPPORT TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

SHROPSHIRE YOUTH SUPPORT TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

Page
Reference and Administrative Details 1
Chairman's Report 2 to 3
Trustees' Report 4 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Statement of Financial Position 9
Notes to the Financial Statements 10 to 21

SHROPSHIRE YOUTH SUPPORT TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2023

TRUSTEES

Mr J Adcock Mr R J B Bland Mr R J Clowes Mrs A J Dixon Mr J Gidney (appointed 16.1.23) Mr C J S Johnson Mrs N Nichols Mr M A K Paul Mr M C Stoddart Mr H E D Strickland Mrs C H Thomas Mrs L J Welsby Mr R D Whitmore Ms F J Wingrove (appointed 16.1.23)

REGISTERED OFFICE Suite 1B Hazeldine House Central Square Telford TF3 4JL

REGISTERED COMPANY 09626315 (England and Wales) NUMBER

REGISTERED CHARITY 1165108 NUMBER

INDEPENDENT EXAMINER

TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED

Page 1

SHROPSHIRE YOUTH SUPPORT TRUST

CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 JUNE 2023

Background:

The Shropshire Youth Support Trust (SYST) began its operations at The SYST Enterprise Centre in Telford Town Centre in October 2015 and officially launched in September 2016.

Who We Are:

SYST is a charity dedicated to reducing unemployment by fostering self-belief, meaning, and purpose among young people. We inspire them to progress in life and provide practical and emotional support to help them achieve their goals. Our focus areas include promoting business start-ups, self-employment, employability, and well-being, primarily catering to those in Shropshire, Telford and Wrekin, the Marches, and the wider Mercia district.

Our mission is to empower our target groups to achieve their dreams, lead fulfilling lives, and embark on a journey toward personal and financial independence. We support clients in making life-changing/enhancing choices to overcome barriers to success.

Target Groups We Assist:

Overview of Core Services:

1. RE-Engage with SYST:

An activity-driven program targeting young NEETs, providing opportunities for self-belief and a path towards a sustainable future. Activities include vocational and non-vocational courses, focusing on interests such as art, photography, filmography, dance, wellbeing, BMX riding, scuba diving (e.g., PADI), construction (CSCS), hair and beauty, and more.

2. BREAKTHRU PROGRAMME:

Support for young people aged 16-30 in Shropshire who are NEET, have a zero-hours contract, or are in part-time employment and/or receiving benefits (including PIP or UC). The Breakthru Programme includes:

3. ASYSTED Business Programme:

Supporting young people aged 16-30 who are NEET with fundamental entrepreneurial skills to start and develop their own business. The program includes access to a friendly Dragons Den called the ASYSTORs, with the possibility of a start-up fund and/or growth fund.

Page 2

SHROPSHIRE YOUTH SUPPORT TRUST

CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 JUNE 2023

Annual Report: 1 July 2022, to 30 June 2023

Overview:

In the period spanning 1 July 2023 to 30 June 2023, the Shropshire Youth Support Trust (SYST) has demonstrated a profound commitment to our mission of reducing unemployment among young people and fostering self-belief, meaning, and purpose. Our multifaceted approach includes tailored support programs and partnerships to empower individuals in Shropshire, Telford and Wrekin, the Marches, and the wider Mercia district.

Achievements:

Support Impact:

Volunteer Mentoring and Engagements:

Other Highlights:

Looking Ahead:

As we embark on the new financial year, SYST is excited about ongoing and upcoming projects, including government-funded contracts such as UKSPF and NCS. Our commitment to the Duke of Edinburgh initiative in the new year underscores our dedication to creating meaningful opportunities for young individuals. We remain steadfast in our mission to empower our target groups to achieve their dreams, lead fulfilling lives, and attain personal and financial independence.

Page 3

SHROPSHIRE YOUTH SUPPORT TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity are:

  1. To promote the advancement of young people in life and to help them develop their capacities to enable them to become responsible members of society, in particular but not exclusively by:

(a) providing and supporting education, instruction or training in professions, vocations, industries, crafts trades or the skills needed in employment;

(b) making young people economically useful through the provision of assistance (including financial assistance) and encouragement whist their education is being advanced as aforesaid or whilst they are in the process of establishing new businesses or preparing for entering upon or engaging in a profession trade, craft or service;

(c) relieving unemployment

  1. The furtherance of such other purposes as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine

  2. To support such charity or charities or such charitable purpose or purposes as the trustees shall in their absolute discretion think fit.

Significant activities

The activities, achievements and future aims of the charity are set out in the Chairman's Report.

Public benefit

The Trustees have given due consideration to Charity Commission published guidance on the public benefit requirements.

The Charity constitutes a public benefit entity as defined by FRS 102.

STRATEGIC REPORT

Financial review

Financial position

The net result for the year was a deficit of £7,617 (2022: a surplus of £78,442).

Reserves policy

It is the policy of the charity to maintain unrestricted funds which are adequate to fulfil the objectives of the charity, and ideally to cover at least 6 months running costs.

Any surplus funds are held in investments or short-term deposits to help maintain the income levels for future years.

The free reserves at the year-end were £26,061, being unrestricted funds less unrestricted fixed assets (2022: £104,693, which increased from £58,032 in 2021 due to COVID support income received).

Page 4

SHROPSHIRE YOUTH SUPPORT TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023

STRATEGIC REPORT Financial review

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Principal risks and uncertainties

The Trustees have reviewed all major risks to which the charity is exposed and established systems to mitigate them.

The Trustees have been aware of the charity's dependence on the Trustees own time and energies, voluntarily donated.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is governed by the Memorandum of Incorporation and Articles of Association at incorporation on 5th June 2015 and as amended by a special resolution registered at Companies House on 18th December 2015.

Recruitment and appointment of new trustees

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

Organisational structure

The Trustees meet on a quarterly basis to consider issues.

Induction and training of new trustees

New Trustees are appointed by the Trustees with reference to the needs of the charity and the particular attributes of the individuals under consideration. Induction and training of new Trustees is conducted by the Trustees.

Key management remuneration

The Trustees consider the Chief Executive as key management personnel of the charity, responsible for running and operating the charity on a day to day basis.

All Trustees give of their time freely and no Trustee remuneration was paid in the year.

TRUSTEES' RESPONSIBILITY STATEMENT

The trustees (who are also the directors of Shropshire Youth Support Trust for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

Page 5

SHROPSHIRE YOUTH SUPPORT TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2023

TRUSTEES' RESPONSIBILITY STATEMENT - continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

................................................................. Mr R J B Bland - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHROPSHIRE YOUTH SUPPORT TRUST Independent examlnerfs rgport to tho trustges of Shropshire Youth Support Trust I'the Company'l I report to the chanty trustees on my examinatw of the xcounls of the Company for the year ended 30 June 2023. Responsibilitie5 and basis of report As the charty's Irw8lees of the Company land also rts directors for the purposes of Company lawl you are responsible for the preparalw of the O￿nts in accordance with the requirements of the Companies Act 20061 the 2006 Acl'l Having satisfied mysew that the accounts of the Company are ncrt r8]uired lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in reSp￿t of my examination of your charity's accounts as Carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have foll¢￿ed the Directions gNen by the Charity fvnmission under Section 145151 {b} of the 2011 Act. Independent examinerfs statement Since your charty's gross income exceeded £2SO,(￿ y¢)ur examiner must be 8 member of a listed body. I can confim that l am qualrfied to undertake the examination because l am a member of the Inslrtule of Chartered Accountants in England and Wales. whth is one of the ltsted bodies. I have completed my examinab'on. I ￿nfirni thal no matters ￿ve come lo my attent￿n in cOnr￿ction wf(h the examinion giving me cause to believe.. accounting records were not kept in respect ol the Ccrfnpany as rg4uir&J by Section 386 of the 2C Act., OT the accounts do not accord with those records., or the accounts do not compty with the accounting requiremefts of Section 396 of the 2006 Act ￿her than any requirement Ihal the ￿ounts gNe a Irue and fair vivw wh￿h is not a matter considered as part of an independent examination.. or the accounts have not been preparwj in axordarKe with the meth(J$ and principles of the Slalernenl of Recommended Practice fof &counting and repoth'ng by Charities {applUb￿ to charilv&s preparing their accounts in accordance with the Financ￿ Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have xross no other matters in COnn￿t￿)n wilh the examinatK)n to which attention should be drawn in this reFKKI in order to enable a proFer understanding of the acctyjnls to be reached. Ifi.WilknCI C Moe￿n-￿illI8MS FCA Bsc TCA Ishrewsburyl LLP Third Floor 21 Sl Mary's Slr&t Shrewsbury Shropshire SY1 1ED Page 7

SHROPSHIRE YOUTH SUPPORT TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
21,187
Charitable activities
4
General
3
Other trading activities
3
1,185
Other income
257
Total
22,632
EXPENDITURE ON
Charitable activities
5
General
100,257
Other
-
Total
100,257
NET INCOME/(EXPENDITURE)
(77,625)
Transfers between funds
14
(20)
Net movement in funds
(77,645)
RECONCILIATION OF FUNDS
Total funds brought forward
105,544
TOTAL FUNDS CARRIED FORWARD
27,899		 Restricted
funds
£
329
228,576
-
-
228,905
158,897
-
158,897
70,008
20
70,028
86,196
156,224		 2023
Total
funds
£
21,516
228,579
1,185
257
251,537
259,154
-
259,154
(7,617)
-
(7,617)
191,740
184,123		 2022
Total
funds
£
9,732
254,719
400
356
265,207
186,622
143
186,765
78,442
-
78,442
113,298
191,740

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 8

SHROPSHIRE YOUTH SUPPORT TRUST (REGISTERED NUMBER: 09626315)

STATEMENT OF FINANCIAL POSITION 30 JUNE 2023

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
1,838
CURRENT ASSETS
Debtors
12
150
Cash at bank
34,215
34,365
CREDITORS
Amounts falling due within one year
13
(8,304)
NET CURRENT ASSETS
26,061
TOTAL ASSETS LESS CURRENT
LIABILITIES
27,899
NET ASSETS
27,899
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
3,298
-
152,926
152,926
-
152,926
156,224
156,224		 2023
Total
funds
£
5,136
150
187,141
187,291
(8,304)
178,987
184,123
184,123
27,899
156,224
184,123		 2022
Total
funds
£
7,446
100
188,076
188,176
(3,882)
184,294
191,740
191,740
105,544
86,196
191,740

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Mr R J B Bland - Trustee

The notes form part of these financial statements

Page 9

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the disclosure exemptions for statement of cash flows and financial instruments as permitted by FRS 102.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% straight line

Fixtures and fittings - 33% straight line

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 10

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES - continued

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Debtors

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

2. DONATIONS AND LEGACIES

Donations
3.
OTHER TRADING ACTIVITIES
Rent received
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
General
Grants received, included in the above, are as follows:
Government and Local Authority Grants
Other Grants
5.
GENERAL EXPENSES
General		 2023
2022
£
£
21,516
9,732
2023
2022
£
£
1,185
400
2023
2022
£
£
228,579
254,719
2023
2022
£
£
125,926
104,652
102,653
150,067
228,579
254,719
Direct
Costs (see
note 6)
£
259,154

Page 11

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

7.

Staff costs
Insurance
Light and heat
Telephone
Postage and stationery
Marketing
Sundries
Rent, Rates & Premises
Internet
Travel
Accountancy
Legal fees
Consultancy Services
Subscriptions
Independent Examiners Fee
CRM Costs
ASYSTOR grants paid
ASYSTOR funds returned
Project delivery costs
Depreciation
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 2023
£
157,455
578
4,175
1,411
1,599
11,185
3,802
-
7,995
3,230
2,527
2,040
43,492
678
675
-
11,634
-
2,037
4,641
259,154		 2023
£
157,455
578
4,175
1,411
1,599
11,185
3,802
-
7,995
3,230
2,527
2,040
43,492
678
675
-
11,634
-
2,037
4,641
259,154		 2022
£
137,677
586
2,146
3,878
175
1,091
2,214
1,681
3,247
1,330
1,390
240
10,028
565
645
5,942
4,923
5,000
-
3,864
186,622
2022
£
3,864
2023
£
4,641

Net income/(expenditure) is stated after charging/(crediting):

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.

Trustees' expenses

Trustees' expenses of £121 were reimbursed for the year ended 30 June 2023. (2022: £nil).

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2023
£
148,531
6,073
2,851
157,455		 2022
£
131,898
3,719
2,060
137,677

The average monthly number of employees during the year was as follows:

2023 2022
Administration 8 6

Page 12

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

9. STAFF COSTS - continued

No employees received emoluments in excess of £60,000.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,232
Charitable activities
General
55,000
Other trading activities
400
Other income
356
Total
62,988
EXPENDITURE ON
Charitable activities
General
16,749
Other
143
Total
16,892
NET INCOME
46,096
RECONCILIATION OF FUNDS
Total funds brought forward
59,448
TOTAL FUNDS CARRIED FORWARD
105,544		 Restricted
funds
£
2,500
199,719
-
-
202,219
169,873
-
169,873
32,346
53,850
86,196		 Total
funds
£
9,732
254,719
400
356
265,207
186,622
143
186,765
78,442
113,298
191,740

Page 13

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

11. TANGIBLE FIXED ASSETS

Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 July 2022
624
12,905
Additions
-
2,331
At 30 June 2023
624
15,236
DEPRECIATION
At 1 July 2022
624
5,459
Charge for year
-
4,641
At 30 June 2023
624
10,100
NET BOOK VALUE
At 30 June 2023
-
5,136
At 30 June 2022
-
7,446
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Trade debtors
150
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Trade creditors
3,885
Social security and other taxes
1,720
Other creditors
1,349
Accrued expenses
1,350
8,304		 Totals
£
13,529
2,331
15,860
6,083
4,641
10,724
5,136
7,446
2022
£
100
2022
£
1,962
-
660
1,260
3,882

Page 14

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

14. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Asystor Fund
DWP Contract
ERASMUS Project
KickStarter Grants
Landau Community Grants
NHS Mental Health Transformation
Grant
Telford and Wrekin Council Safer
Stronger Communities
Telford and Wrekin Neet Project
Aspire to HE
Connect Project
Ellis Charitable Trust
Energize Gen 22
Garfield Weston
Grow & Thrive
Nationwide Community Grants
Telford and Wrekin Council Green
Spaces
Woodroffe Benton Foundation
TOTAL FUNDS		 At 1.7.22
£
105,544
25,799
668
-
5,281
364
25,000
4,538
24,546
-
-
-
-
-
-
-
-
-
86,196
191,740		 Net
movement
in funds
£
(77,625)
(11,305)
(334)
(2,066)
2,305
(182)
-
(2,527)
9,333
(20)
4,396
3,750
584
18,998
3,672
39,404
2,000
2,000
70,008
(7,617)		 Transfers
between
funds
£
(20)
-
-
-
-
-
-
-
-
20
-
-
-
-
-
-
-
-
20
-		 At
30.6.23
£
27,899
14,494
334
(2,066)
7,586
182
25,000
2,011
33,879
-
4,396
3,750
584
18,998
3,672
39,404
2,000
2,000
156,224
184,123

Page 15

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Asystor Fund
DWP Contract
ERASMUS Project
KickStarter Grants
Landau Community Grants
Telford and Wrekin Council Safer
Stronger Communities
Telford and Wrekin Neet Project
Aspire to HE
Connect Project
Ellis Charitable Trust
Energize Gen 22
Garfield Weston
Grow & Thrive
Nationwide Community Grants
Telford and Wrekin Council Green
Spaces
Woodroffe Benton Foundation
TOTAL FUNDS		 Incoming
resources
£
22,632
329
84,901
-
13,780
4,000
7
36,000
3,015
5,701
3,750
1,250
20,000
3,672
48,000
2,000
2,500
228,905
251,537		 Resources
Movement
expended
in funds
£
£
(100,257)
(77,625)
(11,634)
(11,305)
(85,235)
(334)
(2,066)
(2,066)
(11,475)
2,305
(4,182)
(182)
(2,534)
(2,527)
(26,667)
9,333
(3,035)
(20)
(1,305)
4,396
-
3,750
(666)
584
(1,002)
18,998
-
3,672
(8,596)
39,404
-
2,000
(500)
2,000
(158,897)
70,008
(259,154)
(7,617)

Page 16

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.7.21
£
Unrestricted funds
General fund
59,448
Restricted funds
Asystor Fund
33,222
Restricted Grant funds
20,628
DWP Contract
-
KickStarter Grants
-
Landau Community Grants
-
NHS Mental Health Transformation
Grant
-
Telford and Wrekin Council Safer
Stronger Communities
-
Telford and Wrekin Neet Project
-
53,850
TOTAL FUNDS
113,298
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
62,988
Restricted funds
Asystor Fund
2,500
Restricted Grant funds
-
DWP Contract
28,712
ERASMUS Project
16,456
IN2 Revenue
3,060
KickStarter Grants
10,500
KickStarter Salaries
29,052
Landau Community Grants
35,999
NHS Mental Health Transformation
Grant
25,000
Telford and Wrekin Council Safer
Stronger Communities
5,000
Telford and Wrekin Council Growth
Fund
5,940
Telford and Wrekin Neet Project
40,000
202,219
TOTAL FUNDS
265,207		 At 1.7.21
£
59,448
33,222
20,628
-
-
-
-
-
-
53,850
113,298		 Net
movement
in funds
£
46,096
(7,423)
(20,628)
668
5,281
364
25,000
4,538
24,546
32,346
78,442

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continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Asystor Fund
Restricted Grant funds
DWP Contract
ERASMUS Project
KickStarter Grants
Landau Community Grants
NHS Mental Health Transformation
Grant
Telford and Wrekin Council Safer
Stronger Communities
Telford and Wrekin Neet Project
Aspire to HE
Connect Project
Ellis Charitable Trust
Energize Gen 22
Garfield Weston
Grow & Thrive
Nationwide Community Grants
Telford and Wrekin Council Green
Spaces
Woodroffe Benton Foundation
TOTAL FUNDS		 At 1.7.21
£
59,448
33,222
20,628
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
53,850
113,298		 Net
movement
in funds
£
(31,529)
(18,728)
(20,628)
334
(2,066)
7,586
182
25,000
2,011
33,879
(20)
4,396
3,750
584
18,998
3,672
39,404
2,000
2,000
102,354
70,825		 Transfers
between
funds
£
(20)
-
-
-
-
-
-
-
-
-
20
-
-
-
-
-
-
-
-
20
-		 At
30.6.23
£
27,899
14,494
-
334
(2,066)
7,586
182
25,000
2,011
33,879
-
4,396
3,750
584
18,998
3,672
39,404
2,000
2,000
156,224
184,123

Page 18

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Asystor Fund
Restricted Grant funds
DWP Contract
ERASMUS Project
IN2 Revenue
KickStarter Grants
KickStarter Salaries
Landau Community Grants
NHS Mental Health Transformation
Grant
Telford and Wrekin Council Safer
Stronger Communities
Telford and Wrekin Council Growth
Fund
Telford and Wrekin Neet Project
Aspire to HE
Connect Project
Ellis Charitable Trust
Energize Gen 22
Garfield Weston
Grow & Thrive
Nationwide Community Grants
Telford and Wrekin Council Green
Spaces
Woodroffe Benton Foundation
TOTAL FUNDS		 Incoming
resources
£
85,620
2,829
-
113,613
16,456
3,060
24,280
29,052
39,999
25,000
5,007
5,940
76,000
3,015
5,701
3,750
1,250
20,000
3,672
48,000
2,000
2,500
431,124
516,744		 Resources
Movement
expended
in funds
£
£
(117,149)
(31,529)
(21,557)
(18,728)
(20,628)
(20,628)
(113,279)
334
(18,522)
(2,066)
(3,060)
-
(16,694)
7,586
(29,052)
-
(39,817)
182
-
25,000
(2,996)
2,011
(5,940)
-
(42,121)
33,879
(3,035)
(20)
(1,305)
4,396
-
3,750
(666)
584
(1,002)
18,998
-
3,672
(8,596)
39,404
-
2,000
(500)
2,000
(328,770)
102,354
(445,919)
70,825

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continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

14. MOVEMENT IN FUNDS - continued

ASYSTOR Fund - Grants available to beneficiaries through the ASYSTOR Panel process. Beneficiaries can apply for funding and present their case to the panel.

Restricted Grant Fund - relates to restricted grant income received. At the end of 2021 there were balances held from the NHS, Telford and Wrekin Council and Landau, which were all spent in the year ended 30 June 2022.

DWP Contract - The purpose of the Grant is to provide funding to Shropshire Youth Support Trust to support the creation of a partnership which will help to improve employment outcomes or prospects of future employment outcomes for long-term unemployed individuals and groups facing the most complex and intractable barriers to work and to help individuals access and/or re-integrate into the labour market.

ERASMUS Project - The project aims to support youth organisations from Europe & UK in developing skills to help young people explore Coding, Artificial Intelligence and Robotics in society, but through fun and interactive 'Learn Play' methodologies. There will be a focus on upskilling Youth workers in fun and game-inspired, non-formal educational methods. The project will present innovative methods of utilising methodologies to help increase access to affordable and high-quality youth service in the digital age.

IN2 Revenue - IN2 Employment programme designed to offer a variety of training and learning provisions across the Marches LEP. The aim of the programme is to promote economic and social inclusion which seeks to achieve the sustainable integration of young people aged 15 to 24 into the labour market. Helping young people to participate in work or learning, by equipping them with the personal and transferable skills needed for work.

Kickstarter Grants - The Kickstart Scheme provides funding to employers to create jobs for 16- to 24-year-olds on Universal Credit - Government scheme

Landau Community Grants - ESF Community Grants are small grants available to Third Sector or small organisations to enable them to support unemployed and economically inactive people into or towards employment, education, or training.

NHS Mental Health Transformation Grant - Shropshire Telford and Wrekin mental health system are developing support with a focus on 18-25-year-olds as part of Community Mental health transformation. Aiming to give young people increased skills around problem solving, mindfulness and managing emotions.

Telford and Wrekin Council Safer Stronger Communities - Telford and Wrekin Council project to help residents feel safer in their homes and connected to their communities. The Safer and Stronger Communities project is working across Telford to develop neighbourhood action plans, which are priority concerns for areas as provided by each community. Neighbourhood coordinators work with residents to identify these and create plans to tackle issues that are raised. Providing initiatives such as youth groups and social clubs and openings for volunteers to get involved.

Telford and Wrekin NEET Project - Provision tailored to young people taking account of appropriate background information, responding to individual needs in order to create an appropriate path back into employment, self employment, education or training. An on-going individual needs assessment will allow the programme to develop with the young person, focused on the range of barriers preventing them from participating.

Aspire to HE/Steps to Success - Program delivered in Schools to help Risk of Neets identify their aspirations, helping them to understand career pathways, education, employment, self-employment and training.

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SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

14. MOVEMENT IN FUNDS - continued

Connect Project - Offers a warm welcoming community space for young people in Shropshire, to relax and connect with each other in light of the current cost-of-living crisis and the impact of the pandemic.

DMF Ellis Charitable Trust - To enable SYST to deliver "Launch You" project to support 12-15 year olds who are at risk of becoming NEET.

Energize Gen 22 - To fund 30 hours of volunteering for NEETS between 16-18, offering one-to-one support from SYST helping them to identify their future goals and next steps.

Garfield Weston - NEETs Re-engagement project, supporting young people who are unemployed or not in education or training. Providing engagement activities and support.

Grow & Thrive - Helping young people to create a mental health toolkit that can be applied to the next steps in their lives - whether that is education, employment, or training.

Nationwide Community Grants - Funding for 2 members of staff for our existing NEETS programme.

Telford and Wrekin Council - Green Spaces - Used to encourage an active lifestyle by providing parkour sessions that have proven physical, mental health and wellbeing benefits. In addition, we aim to prevent antisocial behaviour and disengagement by providing a base for young people (YP) to gain life skills that will allow them to progress to further lasting opportunities.

Woodroffe Benton Foundation - The Connect project offers a warm, welcoming community space for young, socially excluded NEETS (16-24) in Telford & Wrekin and Shropshire, to relax and connect with each other in light of the current cost-of-living crisis and the impact of the pandemic.

15. EMPLOYEE BENEFIT OBLIGATIONS

The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. The pension cost charge represents contributions payable by the charitable company to the fund and amounted to £2,851 (2022: £2,060). Contributions totalling £689 (2022: £nil) were payable to the fund at the balance sheet date.

16. RELATED PARTY DISCLOSURES

Payments of £4,525 (2022: £1,050) were paid to Fusion Film and Stage School in respect of workshops held during the year. Mrs R Nuttall, a family member of the Chief Executive, is President of Fusion Film and Stage School.

Payments of £4,275 (2022: £1,080) were paid to Brightcore Limited in respect of workshops held during the year. Mrs L J Welsby, a Trustee, was a director of Brightcore Limited during the year.

£6,555 was paid to Mr J Gidney, Trustee, during the year, in relation to marketing consultancy providing to SYST.

During the year payments of £2,040 were paid to Aaron and Partners Solicitors. Mr H Strickland, Trustee, was a Partner of Aaron and Partners during the year.

There were no other related party transactions for the year ended 30 June 2023.

Page 21