**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:** 

- Young people aged between 14-30. 

- Unemployed, disadvantaged individuals with multiple barriers or complex needs (e.g., homelessness, substance dependency, persistent Job Seekers Allowance claimants). 

- Young people aged 16-24 not in education, employment, or training. 

- Unemployed and inactive individuals with disabilities or health conditions. 

- Ethnic minorities and those with English language needs. 

- Ex-offenders. 

- Young people being exploited or at risk of. 

- Lone parents, including those on Income Support (IS), and other individuals with children, including teenage parents (15-20-year-olds). 

## **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: 

- Identifying passions, skills, and aspirations. 

- Providing wellbeing support, including resilience and confidence-building. 

- Offering tools and support for employment seekers. 

- Support for those aspiring to run their own business through the ASYSTED Business Programme. 

- Tailored support to educational institutions and local authorities, highlighting career prospects and challenges in sustainable employment or self-employment linking to the local labour market. 

## **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:** 

- Young People Supported: This year, SYST has successfully supported 205 young people, with 127 individuals formally registering for our services. 

- Employability Success: Our efforts have contributed to 41 individuals actively working towards or gaining employment. This includes 26 individuals who registered for employability support and 15 who achieved employment outcomes during this reporting period. 

- Entrepreneurial Journey: A noteworthy accomplishment is that 58 young individuals have embarked on their journey to becoming business owners or have initiated their businesses. Among them, 38 formally registered for the ASYSTED Business Programme, while 20 are registered, though not under ASYSTED proper. 

- Our dragons' den style panel, The ASYSTORs, has been instrumental in facilitating and supporting 11 young people throughout the year. Impressively, they have distributed £11,305 directly to young individuals in the form of grants. 

## **Volunteer Mentoring and Engagements:** 

- We have provided valuable advice and support through 325 one-to-one mentoring sessions, fostering individual growth and development. 

- Additionally, we facilitated a further 560 one-to-one meaningful engagements through various methods, such as lengthy calls, workshop attendance, and participation in re-engagement activities. 

- Currently, we have an active network of 24 dedicated volunteer mentors operating in Shropshire and Telford and Wrekin. These mentors play a vital role in providing guidance and support to our beneficiaries. 

## **Other Highlights:** 

- Successful collaborations with Local Authority, Careers Hub, Schools, NHS, DWP and VCSE organisations. have continued to make a positive impact on our initiatives. 

- Our engagement in diversionary work and support for anti-social behaviour and young people exploited by Criminal gangs remains a cornerstone of our commitment to community development. 

- Positive feedback on the impact improved mental wellbeing of young people and our involvement with development of NHS and wider mental health programmes for them. 

## **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 

2. 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 

3. 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 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

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
examin*ion 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<br>fund<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>21,187<br>**Charitable activities**<br>4<br>General<br>3<br>Other trading activities<br>3<br>1,185<br>Other income<br>257<br>**Total**<br>22,632<br>**EXPENDITURE ON**<br>**Charitable activities**<br>5<br>General<br>100,257<br>Other<br>-<br>**Total**<br>100,257<br>**NET INCOME/(EXPENDITURE)**<br>(77,625)<br>**Transfers between funds**<br>14<br>(20)<br>**Net movement in funds**<br>(77,645)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>105,544<br>**TOTAL FUNDS CARRIED FORWARD**<br>27,899|Restricted<br>funds<br>£<br>329<br>228,576<br>-<br>-<br>228,905<br>158,897<br>-<br>158,897<br>70,008<br>20<br>70,028<br>86,196<br>156,224|2023<br>Total<br>funds<br>£<br>21,516<br>228,579<br>1,185<br>257<br>251,537<br>259,154<br>-<br>259,154<br>(7,617)<br>-<br>(7,617)<br>191,740<br>184,123|2022<br>Total<br>funds<br>£<br>9,732<br>254,719<br>400<br>356|
|---|---|---|---|
||||265,207|
||||186,622<br>143|
||||186,765|
||||78,442<br>-|
||||78,442<br>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<br>fund<br>Notes<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>11<br>1,838<br>**CURRENT ASSETS**<br>Debtors<br>12<br>150<br>Cash at bank<br>34,215<br>34,365<br>**CREDITORS**<br>Amounts falling due within one year<br>13<br>(8,304)<br>**NET CURRENT ASSETS**<br>26,061<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>27,899<br>**NET ASSETS**<br>27,899<br>**FUNDS**<br>14<br>Unrestricted funds<br>Restricted funds<br>**TOTAL FUNDS**|Restricted<br>funds<br>£<br>3,298<br>-<br>152,926<br>152,926<br>-<br>152,926<br>156,224<br>156,224|2023<br>Total<br>funds<br>£<br>5,136<br>150<br>187,141<br>187,291<br>(8,304)<br>178,987<br>184,123<br>184,123<br>27,899<br>156,224<br>184,123|2022<br>Total<br>funds<br>£<br>7,446<br>100<br>188,076<br>188,176<br>(3,882)<br>184,294<br>191,740<br>191,740<br>105,544<br>86,196<br>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 

- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and 

- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 

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<br>**3.**<br>**OTHER TRADING ACTIVITIES**<br>Rent received<br>**4.**<br>**INCOME FROM CHARITABLE ACTIVITIES**<br>Activity<br>Grants<br>General<br>Grants received, included in the above, are as follows:<br>Government and Local Authority Grants<br>Other Grants<br>**5.**<br>**GENERAL EXPENSES**<br>General|2023<br>2022<br>£<br>£<br>21,516<br>9,732<br>2023<br>2022<br>£<br>£<br>1,185<br>400<br>2023<br>2022<br>£<br>£<br>228,579<br>254,719<br>2023<br>2022<br>£<br>£<br>125,926<br>104,652<br>102,653<br>150,067<br>228,579<br>254,719<br>Direct<br>Costs (see<br>note 6)<br>£<br>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<br>Insurance<br>Light and heat<br>Telephone<br>Postage and stationery<br>Marketing<br>Sundries<br>Rent, Rates & Premises<br>Internet<br>Travel<br>Accountancy<br>Legal fees<br>Consultancy Services<br>Subscriptions<br>Independent Examiners Fee<br>CRM Costs<br>ASYSTOR grants paid<br>ASYSTOR funds returned<br>Project delivery costs<br>Depreciation<br>**NET INCOME/(EXPENDITURE)**<br>Net income/(expenditure) is stated after charging/(crediting):<br>Depreciation - owned assets|2023<br>£<br>157,455<br>578<br>4,175<br>1,411<br>1,599<br>11,185<br>3,802<br>-<br>7,995<br>3,230<br>2,527<br>2,040<br>43,492<br>678<br>675<br>-<br>11,634<br>-<br>2,037<br>4,641<br>259,154|2023<br>£<br>157,455<br>578<br>4,175<br>1,411<br>1,599<br>11,185<br>3,802<br>-<br>7,995<br>3,230<br>2,527<br>2,040<br>43,492<br>678<br>675<br>-<br>11,634<br>-<br>2,037<br>4,641<br>259,154|2022<br>£<br>137,677<br>586<br>2,146<br>3,878<br>175<br>1,091<br>2,214<br>1,681<br>3,247<br>1,330<br>1,390<br>240<br>10,028<br>565<br>645<br>5,942<br>4,923<br>5,000<br>-<br>3,864<br>186,622<br>2022<br>£<br>3,864|
|---|---|---|---|
|||2023<br>£<br>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<br>Social security costs<br>Other pension costs|2023<br>£<br>148,531<br>6,073<br>2,851<br>157,455|2022<br>£<br>131,898<br>3,719<br>2,060<br>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<br>fund<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>7,232<br>**Charitable activities**<br>General<br>55,000<br>Other trading activities<br>400<br>Other income<br>356<br>**Total**<br>62,988<br>**EXPENDITURE ON**<br>**Charitable activities**<br>General<br>16,749<br>Other<br>143<br>**Total**<br>16,892<br>**NET INCOME**<br>46,096<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>59,448<br>**TOTAL FUNDS CARRIED FORWARD**<br>105,544|Restricted<br>funds<br>£<br>2,500<br>199,719<br>-<br>-<br>202,219<br>169,873<br>-<br>169,873<br>32,346<br>53,850<br>86,196|Total<br>funds<br>£<br>9,732<br>254,719<br>400<br>356|
|---|---|---|
|||265,207|
|||186,622<br>143|
|||186,765|
|||78,442<br>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<br>and<br>Computer<br>fittings<br>equipment<br>£<br>£<br>**COST**<br>At 1 July 2022<br>624<br>12,905<br>Additions<br>-<br>2,331<br>At 30 June 2023<br>624<br>15,236<br>**DEPRECIATION**<br>At 1 July 2022<br>624<br>5,459<br>Charge for year<br>-<br>4,641<br>At 30 June 2023<br>624<br>10,100<br>**NET BOOK VALUE**<br>At 30 June 2023<br>-<br>5,136<br>At 30 June 2022<br>-<br>7,446<br>**12.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>2023<br>£<br>Trade debtors<br>150<br>**13.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>2023<br>£<br>Trade creditors<br>3,885<br>Social security and other taxes<br>1,720<br>Other creditors<br>1,349<br>Accrued expenses<br>1,350<br>8,304|Totals<br>£<br>13,529<br>2,331<br>15,860<br>6,083<br>4,641<br>10,724<br>5,136<br>7,446<br>2022<br>£<br>100<br>2022<br>£<br>1,962<br>-<br>660<br>1,260<br>3,882|
|---|---|
|||
|||
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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** 

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



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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** 

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

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



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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** 

## **Comparatives for movement in funds** 

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



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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** 

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

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



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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** 

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

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



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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** 

**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. 

Page 20 

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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