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2024-06-30-accounts

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

SHROPSHIRE YOUTH SUPPORT TRUST (A COMPANY LIMITED BY GUARANTEE)

AMENDED

TRUSTEES' REPORT AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

SHROPSHIRE YOUTH SUPPORT TRUST

AMENDED TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

Revision to Annual Report

The revised accounts replace the original annual accounts for the financial year ended 30 June 2024.

The revised accounts are now the statutory accounts of the charitable company for the financial year ended 30 June 2024.

The revised accounts have been prepared as at the date of the original annual accounts and not as at the date of revision and accordingly do not deal with events between those dates.

The amendments relate solely to the inclusion of additional narrative in the Chairman’s Report.

Date of Approval of Revision of Report: 28 July 2025

Robert Bland Trustee

SHROPSHIRE YOUTH SUPPORT TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

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
to		 10
Notes to the Financial Statements 11 to 25

SHROPSHIRE YOUTH SUPPORT TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30 JUNE 2024

TRUSTEES

Mr J Adcock (resigned 10.12.24) Mr R J B Bland Mr R J Clowes Mrs A J Dixon Mr J Gidney Mr J Fletcher (appointed 10.12.24) Mr C J S Johnson Mrs N Nichols (resigned 10.12.24) Mr M A K Paul Mr E Stoddart (appointed 10.12.24) Mr M C Stoddart (resigned 9.1.24) Mr H E D Strickland Mrs C H Thomas (resigned 10.12.24) Mrs L J Welsby (resigned 9.1.24) Mr R D Whitmore (resigned 10.12.24) Ms F J Wingrove (resigned 9.1.24)

REGISTERED OFFICE

Suite 1B Hazeldine House Central Square Telford TF3 4JL

REGISTERED COMPANY NUMBER

09626315 (England and Wales)

REGISTERED CHARITY NUMBER

1165108

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 2024

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. "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 panel of successful local business owners and managers called the ASYSTORs to both assess business plans and when appropriate fund the prospective business. This programme is supported by a 2 year Employability and Enterprise EE contract focused on supporting young people not in employment, education or training (NEETS) into getting their lives working whilst also providing mental health support.

2. UK Shared Prosperity Fund UKSPF

SYST successfully tendered for a 2 year contract with Telford and Wrekin Council to support school leavers not in Employment, Education or Training (NEETs) in 2 categories 16-17 year olds and 18-24 year old into getting their lives working. In addition, SYST supported schools in Telford where young people were at risk of becoming NEET after leaving school.

3. Severe Mental Illness SMI

SYST successfully tendered with the NHS to support young people with mental health issues with the objective into getting their lives working whereby they can both regain their self-confidence and be financially independent on a sustainable basis.

4. National Citizens Service NCS

SYST have been awarded a two-year contract worth over £130,000, covering core staff costs and new staff member engagement activities. Although behind due to the programme being 6 months late to start, we have exceeded expectations in delivering 322 experiences (target for the 1st year 396).

Overview:

In the 12-month period to 30 June 2024, the Shropshire Youth Support Trust (SYST) has demonstrated a commitment to its 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.

Page 2

SHROPSHIRE YOUTH SUPPORT TRUST

CHAIRMAN'S REPORT FOR THE YEAR ENDED 30 JUNE 2024

Achievements:

  1. Young People Supported: This year, SYST has engaged with 277 new referrals with 166 young people actively participating in our core services.

  2. Successfully engaged 45 participants onto the now finished NEETs Re-engagement Programme managed by Telford and Wrekin Council, surpassing our initial target of 38. Of these, 17 had moved on to employment, education, training, or other programmes.

  3. Volunteer Mentoring and Engagements: 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.

  4. 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.

Current Position and Looking Ahead:

Since year-end in June 2024, we have encountered a number of staffing issues ultimately resulting in the departure of SYST's Chief Executive in March 2025. The Chief Executive voluntarily resigned on 15 March 2025 to pursue other professional opportunities. His departure was not causally related to the staffing issues referenced, and no disciplinary or performance matters arose. This has inconveniently coincided with the expiry of both the UKSPF and the NCS contracts.

At the time of writing in May 2025, SYST has interim management in place and is seeking to formalise the appointment of a Chief Executive shortly. Whilst the current opportunities to secure replacement contracts is limited, SYST is both renegotiating some existing contracts and tendering for others with outcomes imminent. The Charity has dwindling unrestricted funds but is endeavouring to revitalise fundraising strategies with incremental vigour. It is putting together a comprehensive review of activities and formulating a credible Business Plan with ongoing funding.

Page 3

SHROPSHIRE YOUTH SUPPORT TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2024

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 2024. 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 surplus of £54,747 (2023: deficit of £7,617).

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 £119,587, being unrestricted funds less unrestricted fixed assets (2023 restated: £72,706).

Page 4

SHROPSHIRE YOUTH SUPPORT TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2024

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 2024

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 Indepefident examiner'5 report to the trustees of Shropshire Youth Support Trust I'the Company'l I report lo the chaKty trustees on my examinat￿￿ ol the accounts of the Company lor the year ended 30 June 2024 Responsibilities and basis of report As the charity's trustees of the Company land also ils directors lor the ptjrposes of company lawl you are sponsible for the preparation of the a¢¢ounts in aG¢ordanGe wrth the requirements of the Companies Act 20081.the 200S Act'i. Having satisfied mysetf that the accounts of the Company are not required to be audited undef Part 16 of the 20[￿ Act and are eligible for independent examination. I report in fespect of my examinatK)n of your charity's accounts as Carr￿ed out under Section 145 01 the Chaiilies Act 2011 1.the 2011 Act'l. In carrying out my examination I have followed the Directions gNen by the Charrty Commis510n Ur￿er Section 145151 Ibl of the 2011 Act. Independent examiner's ststèment Since yOLJr charity's gross inc(me ex¢eeded £250.000 your examiner musl be a member of a listed body. I ean confirm that l am qualifted lo undertake the examination because l am a member of the Inslilule of Chartered Accountants in England and Wa￿. wh￿￿ is one of the listed bodies. I have completed my eXamInat￿n. I confimi that no matters have come lo my attention in connectK>n with the examination giving me cause lo believe. accounting records were not kept in respect of the Company as required by Section 386 01 the 2006 Act". or the accounts do not accord with those records." or the accounts do nol comply with the accounting requirements of Seth'on 396 of the 20￿ Act other than any requirement that the accourits give a true and fair vsew which is not a matter considered as part of an independent examination.. or the accounts have not been prepaied In accordan￿ wf(h the methods and pnnciples of the Statement of Recommended PractLe lor accounting and reporting by charrties (applicable to charities preparing their accounts in accordan￿ with the Flnancial Reporting Standard applicable In the UK and Republic of Ireland IFRS 10211 I have no concerrks and have come across no other matters in connection wsth the examination lo which attention should be drawn in this report in Order to enable a proper understanding of the accounts to bè reached. C MoeWn-Wlliams FCA Bsc TCA Ishrewsburyl LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED Date" Page 7

SHROPSHIRE YOUTH SUPPORT TRUST

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
41,751
Charitable activities
4
General
12,500
Other trading activities
3
3,640
Other income
531
Total
58,422
EXPENDITURE ON
Charitable activities
5
General
7,329
NET INCOME/(EXPENDITURE)
51,093
RECONCILIATION OF FUNDS
Total funds brought forward
74,544
TOTAL FUNDS CARRIED FORWARD
125,637		 Restricted
funds
£
25,200
272,661
-
-
297,861
294,207
3,654
109,579
113,233		 2024
2023
Total
Total
funds
funds
as restated
£
£
66,951
21,516
285,161
228,579
3,640
1,185
531
257
356,283
251,537
301,536
259,154
54,747
(7,617)
184,123
191,740
238,870
184,123

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 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
12
6,050
CURRENT ASSETS
Debtors
13
19,650
Cash at bank
109,387
129,037
CREDITORS
Amounts falling due within one year
14
(9,450)
NET CURRENT ASSETS
119,587
TOTAL ASSETS LESS CURRENT
LIABILITIES
125,637
NET ASSETS
125,637
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
1,549
-
111,684
111,684
-
111,684
113,233
113,233		 2024
2023
Total
Total
funds
funds
as restated
£
£
7,599
5,136
19,650
150
221,071
187,141
240,721
187,291
(9,450)
(8,304)
231,271
178,987
238,870
184,123
238,870
184,123
125,637
74,544
113,233
109,579
238,870
184,123

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 9

continued...

SHROPSHIRE YOUTH SUPPORT TRUST (REGISTERED NUMBER: 09626315)

STATEMENT OF FINANCIAL POSITION - continued 30 JUNE 2024

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 10

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

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.

Going Concern

Subsequent to the year end, the UKSPF and the NCS contracts both ended at the end of March 2025 which also coincided with the departure of the Chief Executive Officer.

Whilst the current opportunities to secure replacement contracts is limited, SYST is both renegotiating certain existing contracts and tendering for others with outcomes imminent.

During this period of reorganisation the Charity is utilising its unrestricted funds whilst it revitalises fundraising strategies with incremental vigour. The Charity is putting together a comprehensive review of activities and formulating a credible Business Plan with ongoing funding.

As unrestricted funds are limited, the Charity is reliant upon securing future contracts or managing its cost base to sustainable levels in line with the reduced level of activity in the organisation.

The trustees consider it is appropriate to prepare the accounts on the going concern basis but consider that the above factors represent a material uncertainty in relation to the Charity's ability to continue as a going concern for the foreseeable future. Whilst these uncertainties are familiar to many small charities who find themselves competing for a reduced amount of available funding the trustees are confident that the current position can be appropriately managed through securing future funding or cost management actions.

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.

Grants from the government and other agencies have been included as 'Grants' in furtherance of the charity's objects.

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

Page 11

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

1. ACCOUNTING POLICIES - continued

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.

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		 2024
£
66,951
2024
£
3,640		 2023
£
21,516		 2023
£
21,516
2023
£
1,185

Page 12

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

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
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Insurance
Light and heat
Telephone
Postage and stationery
Marketing
Sundries
Internet
Travel
Accountancy
Legal fees
Consultancy Services
Subscriptions
Independent Examiners Fee
ASYSTOR grants paid
Project delivery costs
Depreciation		 2024
2023
£
£
285,161
228,579
2024
2023
£
£
98,190
125,926
211,971
102,653
310,161
228,579
Direct
Costs (see
note 6)
£
301,536
2024
2023
£
£
166,978
157,455
735
578
6,979
4,175
4,383
1,411
368
1,599
24,919
11,185
6,698
3,802
3,845
7,995
542
3,230
2,452
2,527
-
2,040
45,470
43,492
494
678
705
675
4,265
11,634
24,934
2,037
7,769
4,641
301,536
259,154

Page 13

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

7. NET INCOME/(EXPENDITURE)

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

Depreciation - owned assets 2024
£
7,769		 2023
£
4,641

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.

Trustees' expenses

Trustees' expenses of £Nil were reimbursed for the year ended 30 June 2024. (2023: £121).

9. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2024
£
155,284
8,310
3,384
166,978		 2023
£
148,531
6,073
2,851
157,455

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

Administration

2024 2023
7 8

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

During the year, the key management personnel as listed on page 5 received total benefits (excluding employers pension contributions) of £48,700 (2023: £43,850).

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
21,187
Charitable activities
General
3
Other trading activities
1,185
Other income
257
Total
22,632		 Restricted
Total
funds
funds
as restated
£
£
329
21,516
228,576
228,579
-
1,185
-
257
228,905
251,537

Page 14

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
as restated
£ £ £
EXPENDITURE ON
Charitable activities
General 53,612 205,542 259,154
NET INCOME/(EXPENDITURE) (30,980) 23,363 (7,617)
Transfers between funds (20) 20 -
Net movement in funds (31,000) 23,383 (7,617)
RECONCILIATION OF FUNDS
Total funds brought forward 105,544 86,196 191,740
TOTAL FUNDS CARRIED FORWARD 74,544 109,579 184,123

11. PRIOR YEAR ADJUSTMENT

The 2023 accounts have been restated to incorporate payroll costs funded by restricted funding in the previous year. These costs should have been shown as restricted expenditure in the previous year but were instead shown as unrestricted expenses.

All expenses were included in the Statement of Financial Activities in the previous year, and therefore there is £nil net impact on the end result for 2023 of net expenditure of £7,617.

However, the restricted funds carried forward at 30 June 2023 have been reduced by £46,645, and unrestricted funds carried forward at 30 June 2023 have increased by £46,645.

Therefore, the free reserves of the charity brought forward, as at 1 July 2023, after the above adjustment, are £72,706.

Page 15

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

12. TANGIBLE FIXED ASSETS

Fixtures
and
Computer
fittings
equipment
£
£
COST
At 1 July 2023
624
15,236
Additions
285
9,947
At 30 June 2024
909
25,183
DEPRECIATION
At 1 July 2023
624
10,100
Charge for year
95
7,674
At 30 June 2024
719
17,774
NET BOOK VALUE
At 30 June 2024
190
7,409
At 30 June 2023
-
5,136
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade debtors
19,650
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Trade creditors
3,900
Social security and other taxes
3,092
Other creditors
1,048
Accrued expenses
1,410
9,450		 Totals
£
15,860
10,232
26,092
10,724
7,769
18,493
7,599
5,136
2023
£
150
2023
£
3,885
1,720
1,349
1,350
8,304

Page 16

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

15. MOVEMENT IN FUNDS

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
Connect Project
Ellis Charitable Trust
Energize Gen 22
Garfield Weston
Grow & Thrive
Nationwide Community Grants
Telford and Wrekin Council Green
Spaces
Woodroffe Benton Foundation
NHS - The Community Foundation 50k
Michael Stoddart Awards
Music Project - Safer Stronger
Communities
Lintel Trust
NCS
TOTAL FUNDS		 At 1.7.23
as restated
£
74,544
14,494
334
(5,136)
2,640
182
2,011
33,879
4,396
575
84
9,044
3,672
39,404
2,000
2,000
-
-
-
-
-
109,579
184,123		 Net
movement
in funds
£
51,093
(3,997)
(334)
5,136
(2,640)
(182)
-
(33,879)
(4,396)
(575)
(84)
(9,044)
(3,672)
(21,723)
(2,000)
(2,000)
47,498
21,260
1,776
18,575
(6,065)
3,654
54,747		 At
30.6.24
£
125,637
10,497
-
-
-
-
2,011
-
-
-
-
-
-
17,681
-
-
47,498
21,260
1,776
18,575
(6,065)
113,233
238,870

Page 17

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

15. 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 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
NHS - The Community Foundation 50k
UKSPF Lot 3 - NEET
UKSPF Lot 4 - Neet Re-engagement
Michael Stoddart Awards
Strong Foundation Grant
Music Project - Safer Stronger
Communities
Lintel Trust
Hobson Charity
NCS
Wolves Unit Fund
TOTAL FUNDS		 Incoming
resources
£
58,422
-
-
5,136
-
-
-
490
-
-
-
-
-
-
-
-
50,000
7,500
90,200
25,200
2,500
5,809
18,880
5,000
85,146
2,000
297,861
356,283		 Resources
Movement
expended
in funds
£
£
(7,329)
51,093
(3,997)
(3,997)
(334)
(334)
-
5,136
(2,640)
(2,640)
(182)
(182)
(33,879)
(33,879)
(490)
-
(4,396)
(4,396)
(575)
(575)
(84)
(84)
(9,044)
(9,044)
(3,672)
(3,672)
(21,723)
(21,723)
(2,000)
(2,000)
(2,000)
(2,000)
(2,502)
47,498
(7,500)
-
(90,200)
-
(3,940)
21,260
(2,500)
-
(4,033)
1,776
(305)
18,575
(5,000)
-
(91,211)
(6,065)
(2,000)
-
(294,207)
3,654
(301,536)
54,747

Page 18

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

15. MOVEMENT IN FUNDS - continued

Comparatives for 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
as restated
£
(30,980)
(11,305)
(334)
(5,136)
(2,641)
(182)
(25,000)
(2,527)
9,333
(20)
4,396
575
84
9,044
3,672
39,404
2,000
2,000
23,363
(7,617)		 Transfers
between
At
funds
30.6.23
as restated
£
£
(20)
74,544
-
14,494
-
334
-
(5,136)
-
2,640
-
182
-
-
-
2,011
-
33,879
20
-
-
4,396
-
575
-
84
-
9,044
-
3,672
-
39,404
-
2,000
-
2,000
20
109,579
-
184,123

Page 19

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

15. MOVEMENT IN FUNDS - continued

Comparative 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
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		 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
as restated
as restated
£
£
(53,612)
(30,980)
(11,634)
(11,305)
(85,235)
(334)
(5,136)
(5,136)
(16,421)
(2,641)
(4,182)
(182)
(25,000)
(25,000)
(2,534)
(2,527)
(26,667)
9,333
(3,035)
(20)
(1,305)
4,396
(3,175)
575
(1,166)
84
(10,956)
9,044
-
3,672
(8,596)
39,404
-
2,000
(500)
2,000
(205,542)
23,363
(259,154)
(7,617)

Page 20

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

15. 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
DWP Contract
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
Nationwide Community Grants
NHS - The Community Foundation 50k
Michael Stoddart Awards
Music Project - Safer Stronger
Communities
Lintel Trust
NCS
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
£
20,113
(15,302)
(668)
(5,281)
(364)
(25,000)
(2,527)
(24,546)
(20)
17,681
47,498
21,260
1,776
18,575
(6,065)
27,017
47,130		 Transfers
between
funds
£
(20)
-
-
-
-
-
-
-
20
-
-
-
-
-
-
20
-		 At
30.6.24
£
125,637
10,497
-
-
-
-
2,011
-
-
17,681
47,498
21,260
1,776
18,575
(6,065)
113,233
238,870

Page 21

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

15. 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
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
NHS - The Community Foundation 50k
UKSPF Lot 3 - NEET
UKSPF Lot 4 - Neet Re-engagement
Michael Stoddart Awards
Strong Foundation Grant
Music Project - Safer Stronger
Communities
Lintel Trust
Hobson Charity
NCS
Wolves Unit Fund
TOTAL FUNDS		 Incoming
resources
£
81,054
329
84,901
5,136
13,780
4,000
-
7
36,000
3,505
5,701
3,750
1,250
20,000
3,672
48,000
2,000
2,500
50,000
7,500
90,200
25,200
2,500
5,809
18,880
5,000
85,146
2,000
526,766
607,820		 Resources
Movement
expended
in funds
£
£
(60,941)
20,113
(15,631)
(15,302)
(85,569)
(668)
(5,136)
-
(19,061)
(5,281)
(4,364)
(364)
(25,000)
(25,000)
(2,534)
(2,527)
(60,546)
(24,546)
(3,525)
(20)
(5,701)
-
(3,750)
-
(1,250)
-
(20,000)
-
(3,672)
-
(30,319)
17,681
(2,000)
-
(2,500)
-
(2,502)
47,498
(7,500)
-
(90,200)
-
(3,940)
21,260
(2,500)
-
(4,033)
1,776
(305)
18,575
(5,000)
-
(91,211)
(6,065)
(2,000)
-
(499,749)
27,017
(560,690)
47,130

Page 22

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

15. 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 23

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

15. 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.

NHS - The Community Foundation - To provide mental health counselling to young people to help build confidence and empower them to be "Life Ready".

UKSPF Lot 3 - NEET - Supporting 16-17-year-old school leavers into further education, training

and/or employment.

UKSPF Lot 4 - NEET Re-engagement - Supporting 18-24-year-old school leavers into further education, training and/or employment.

Michael Stoddart Awards - A donation provided to finance SYST's annual Award presentations for 5 years.

Strong Foundation Grant - Well-being Workshops - A grant to support 20 young people lacking self-confidence.

Music Project - T&W Council - A grant to acquire some musical instruments to supplement Neet engagement.

Lintel Trust - Provides financial support to the Community Foundation to fund the Employability and Enterprise EE Project which support young people with both mental health support and running your own business.

Hobson Charity - Provided a donation to fund laptops to disadvantaged young people supported by SYST.

NCS - Supporting 16–17-year-old both at risk of becoming NEET or being NEET with re-engagement support, Well Being, Mindset and Mental Health, ASYSTED Business and Employability.

Page 24

continued...

SHROPSHIRE YOUTH SUPPORT TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

16. 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 £3,384 (2023: £2,851). Contributions totalling £628 (2023: £689) were payable to the fund at the balance sheet date.

17. RELATED PARTY DISCLOSURES

The Charity received a donation of £25,000 from Mr M Stoddart. Mr Stoddart was a trustee of the charity during the year (resigned 9 January 2024).

Payments of £1,780 (2023: £4,525) 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 (resigned 1 April 2025), is President of Fusion Film and Stage School.

Payments of £7,398 (2023: £4,275) were paid to Brightcore Limited in respect of workshops held and safeguarding consultancy provided during the year. Mrs L J Welsby, a Trustee (resigned 9 January 2024), was a director of Brightcore Limited during the year.

£15,297 was paid to Mr J Gidney, Trustee, during the year, in relation to marketing consultancy providing to SYST. (2023: £6,555).

There were no other related party transactions for the year ended 30 June 2024.

Page 25