Charity Registration No. 1165871 YOUNG BRENT FOUNDATION {CHARITABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) LEGAL AND ADMINISTRATIVE INFORMATION Trustees B Asamo8h-Russell G Bhatt3ch3rya l Burbridge J Burey M Curbs M Daya R Harrison (Appointed 26 Janu3ry 20211 IAppointed 27 April 20211 (Appointed 27 April 20211 A Harvey K Olarewaju IAppointed 26 Janu3ry 20211 IAppointed 26 January 20211 Chlef Executlve Offlcer Chris Murr8y Charity numbÈr 1165871 Registered oéfice 3 Rutherford Way Wemblev Middlesex HA9 OBP Audiior HW Fisher LLP Acre House 11-IS William Road London NWI 3ER United Kingdorn Bankers Metro Bank One Southatnpton Row London WCIB SHA Unitèd Kingdom YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) CONTENTS Trustee5' report Staternent of Tru5tees' resPOn5ibilitie5 Independent Buditor's report 9-11 Statement of financial activities 12 Balance sheet 13 Statement of cash flows 14 Notes to the financial 5tztements 15-26 ## **YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## _**_________________________________________________________________________________**_ The Trustees present their report and financial statements for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial . ## **Objectives and activities** The Young Brent Foundation [YBF] champions the voluntary, not-for-profit, and social enterprise sector by convening, connecting, and supporting organisations. We work to help organisations focused on Brent young people make the biggest difference they can. There are five headline priorities: 1. Venue Bank 2. Small Grants 3. Revenue generation for the Play and Youth sector in Brent 4. Capacity support to ensure contract / grant readiness 5. Collaboration and networking to develop cross sector working. The charity's objectives are as follows: 1) The promotion of the efficiency and effectiveness of charities and the effective use of charitable resources for the benefit of the public by providing support, advice, and training to charities and through assisting non-charitable organisations to directly further a charitable purpose. 2) To advance in life and relieve the needs of children and young people through making grants to organisations that do all the following: - The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life. - Providing support and activities which develop their skills, capacities, and capabilities to enable them to participate in society as mature and responsible individuals. ## **Public Benefit** The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **COVID-19 Impact on Communities** The reality of Covid- 19 and its continued impact on communities stretched beyond any timeframe that could have been foreseen. The London Community Response Fund developed further rounds of funding for the voluntary and community sector, bringing a much needed cohesive approach and prioritising funding to reach target communities. Young Brent Foundation ensured that groups working with the most affected communities were supported to apply for funding. Approx. 70% of the YBF membership are led by and/or work with Black, Asian, and Minority Ethnic communities in Brent. ## **Achievements and Performance** ## **Funding:** ## **Multi-year grants for delivery of activities/outcomes** - £750,000 over two years from MyEnds London Violence Reduction Unit (VRU) programme to support young people in Brent that live on three large estates Chalkhill, Church End and Stonebridge. This is a unique consortium involving Young Brent Foundation, local young people and three of the cou Metropolitan Thames Valley Housing, Hyde Housing and Catalyst Housing. - £125,000 Mental Health & Wellbeing Fund funded by The London Borough of Brent. - £262,000 for Detached & Outreach work, including research across 4 locations from London Borough of Brent, Hyde Housing, Metropolitan Thames Valley Housing and Partnership for Young London. _________________________________________________________________________________________________ - 1 - ## **YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## _**_________________________________________________________________________________**_ - £37,850 for Youth Participation convening young people aged 14-25 in decision making around place based projects and service provision, planning & developments, and leadership training. - £100,000 from Historic England, Harlesden Heritage Action Zone to look at community life through the lens of art and culture and help young people in Harlesden to reshape and reimagine the High Street. - £19,800 Shaftesbury Enterprise, Harrow School to support organisations working with children and young people whose learning and education have been impacted because of the COVID-19 Pandemic. ## **Bidding for grants for delivery of activities/outcomes** - JLC- Home Community School Grants £200,000 over 2 years - London Borough of Brent, Global Thinking (Female Diversionary Programme) £80,000 - Neighbourhood Community Infrastructure Levy (NCIL) £55,000 ## **Tendering/bidding for contracts and Commissions** - Creative People and Places, Arts Council £771,000 over 3 years ## **Performance:** ## **Mental Health Support for children, young people, and families.** In June 2020, a report by the online mental health support service Kooth, indicated that the pandemic was then having **a greater negative impact on the mental health of children and young people from black, Asian, and ethnic minority (BAME) backgrounds than their white peers.** The report went on to suggest that _BAME young people experiencing suicidal thoughts_ Against this backdrop, on 13 July 2020, the 1. This was a Plan set against the backdrop of the tragic killing of George Floyd in the United States, which brought to greater prominence the Black Lives Matter movement, sparking protests across the globe and a strong call for action on tackling inequalities and systemic racism. What made this so prominent was that this was taking place against the global Covid-19 pandemic, which (Shazia Hussain, Assistant Chief Executive). Within the Plan, captured as priority 9, was an emphasis on with the rationale firmly located in the impact of COVID-19 on communities, Black, Asian and Minority ethnic communities and within that, the black communities of Brent. The focus and aim being to _**better understand the issues and challenges on the mental health of communities during the pandemic**_ The BBCAP states: _Covid-19 threw a sharp and painful light on health inequalities, caused by structural inequalities. BAME communities are disproportionately affected by the pandemic in terms of contracting the virus, mortality rates and other life effects. The council, along with local and regional partners, will examine the full impact and plan for actions to reduce the disproportionate impact on BAME communities as well as identifying and addressing the structural_ Young Brent Foundation secured a grant from the London Borough of Brent to distribute to voluntary and community organisations working with children and young people and their families as part of the wider support to those negatively impacted upon by the COVID-19 pandemic. The funding secured would pilot work around supporting children and young people, specifically, with respect to their mental health and wellbeing. - Twelve (12) organisations were successful in their application to deliver against one of the below seven priorities: 1. Supporting CYP to maintain attendance 2. Advice and Awareness 3. Build resilience 4. Increase access to services and provision 5. Coping Strategies 1 Report from the Assistant Chief Executive, Full Council Meeting, 13 July 2020: Appendix 1 Brent Black Community Action Plan _____________________________________________________________________________________________________- 2 - **YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## _**_________________________________________________________________________________**_ 6. Bereavement 7. Social isolation Analysis of the outputs - reach, referrals, priorities, and outcomes - shows the following: - 1) 1,221 participants were engaged across all funded organisations who delivered over 2,279 sessional hours with 169 direct referrals made into other specialist services, such as Kooth, CAHMS and other specialist statutory services. - 2) Three-in-four (75%) of the children and young people engaged across all projects were aged 6 12yrs with 1-in-4 (24%) aged 13 16yrs. This reinforced the target audience that the project was aimed at, with a significantly high contact with those in Years 6 to Year 8, key years of significant growth and change (i.e., key transitional phases in both schooling terms and maturation). - 3) Sixty percent (60%) of those participants who provided data on gender breakdown, were female participants. This would suggest that where targeted provisions are in place, young girls are more likely to be involved, especially where the provisions were a mix of drama, art, and creative endeavours in contrast to physical activities. It was not therefore a coincidence that those programmes that attracted more females than males, were those that were not sport oriented (e.g., Resources for Autism, Brent Centre for Young People and Creative Genies - 4) Of the seven priorities against which funding was secured, the top three priorities supported were: 35% - 5) Based on frequency responses, 23% of organisations (1-in74% of outcomes delivered were set - services. ## **FunFit Families** F working with families provide ideas and opportunities to be active. Initially a three-year programme, this has been extended to four due to the pandemic. 287 families, 790 participants have been engaged in the project to date.. ## **Global Thinking** A partnership project funded by London Borough of Brent and delivered by Plias Resettlement and Start Easy to take action against gender based violence. The project started in July 2020 and since then 45 young women have been referral for support to date. The 45 Girls and Young Women (GYW) were referred into Global Thinking for Intervention Work for GYW aged 10-25 years old who have an identified connection with Brent. - Prevention group work for **45 identified** vulnerable Girls and Young Women (GYW) - One-to-one and group work for **10 GYW** referred to the project (experience of violence and/or exploitation) via domestic, drugs and/or sexual. - Training on **Gender identity, gender-based violence and human rights** (will include definitions, identification, causes, indicators, and early interventions). Identified 3 main audiences: **a)100** Professionals - **b)20** Parents - **c)20** Young People (boys & girls) ## **Detached and Outreach** This model of youth work has been a critical source of support for young people throughout the pandemic. For those who were already struggling with life due to economic disadvantage, disrupted educational experiences, family breakdown and trauma, the loss of routine and breakdown in formal and informal support systems has been devastating. _____________________________________________________________________________________________________ - 3 - ## **YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## _**_________________________________________________________________________________**_ Based on observations shared and discussed at Brent COVID-19 Emergency Response Steering Group. Young Brent Foundation in conjunction with Ansar Youth project, Connect Starts and My Romania Community deliver Staying Safe in the Community Detached and Outreach Project, funded by the London Borough of Brent. Since the pandemic the work has interacted with over 1,000 children, young people, and their families. **A focus on supporting young people into education, training and employment emerged with the result that 320 young people have been supported on EET pathways.** ## **A full evaluation and report is available Detached Youth Work in a Pandemic** ## **Brent Goes Wild** Brent goes Wild is a partnership enabling Children and Young People aged 6-14, from backgrounds currently underrepresented in science and natural heritage, to discover for themselves their innate capabilities for curiosity and experimentation. The programme aims to provide young people with the chance to explore aspects of STEM in less formal settings with the intent to ignite new interest and/or raise attainment in STEM subjects. We have been working with the new Family Wellbeing Centres (FWC) across Brent so that elements of BGW runs out of them. 4 out of the 7 centres will have BGW projects out of them. - To date **28 young people** have done the John Muir Award and received a Food and Agriculture certificate through the UN, through the Start Easy Project. - Face to face training sessions at the Welsh Harp Outdoor Education Centre. 9 organisations attended with **22 different participants** across 2 sessions. - 63 CYP have now completed the baseline data and participated in one of the projects which have started, (OK Club, Start Easy, Clube, Alexz Ed). Projects will be using the Baseline and end of project participant surveys particularly as most projects are 4 to 12 weeks in length. Feedback was brilliant and lots of practical activities for members to use with CYP. ## **confidence in knowledge about wildlife and how to** ## **Valuing Life** fe aims to tackle the subject of youth violence from a new point ambition, and agency to levels where they move away from negative choices and create positive choices in their lives, that will shape their families and the communities around them. Highlights include the Brent Talks podcast , and professionals via a podcast on the daily lives and shared experience of living through COVID-19 and its impact on communities, families, and friendship groups. The podcasts reached out to the BAME communities in and across Brent to hold conversations with groups of young people and Voluntary Sector organisations to create an audio documentary about COVID-19 in Brent. In this period of promoting the podcast our tweets received 53.8k impressions, averaging at 495 impressions per day. (Impressions on Twitter is a total tally of all the times the Tweet has been seen. This includes not only the times it appears on follower's timeline, but also the times it has appeared in search or as a result of someone liking the Tweet). ## **Partnerships:** ## **London Borough of Brent** LB Brent Youth Provision In this reporting period, YBF has continued to work closely with the Local Authority. Key highlights Activity Fund. YBF has contributed to the dev Community Action Plan _____________________________________________________________________________________________________ - 4 - **YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## _**_________________________________________________________________________________**_ ## **Metropolitan Thames Valley Housing, Hyde Housing and Catalyst Housing** Over the past 12 months this partnership has secured funding from the Violence Reduc to include the delivery of a key project on three housing estates in Brent. Developing local networks and trusted relationships is key to enabling young people to lead, influence and inform the design of future projects and services. The young people will be supported by the extensive expertise of the Young Brent Foundation, grassroots membership organisations, local youth workers and housing associations via on the ground teams. ## **Project Horizon Independent Advisory Group** in London. Transforming these wards from being where violent crime occurs frequently to areas where violent crime is rare, relative to historical patterns and comparable wards in London. It was collectively decided that a new approach was needed to tackle the issues identified within the wards of Harlesden and Stonebridge. Horizons will take a Public Health Approach to reduce the high levels of violence within the wards, attributed by gangs, crime and drug use in these areas which are significant problems in the community. The project will look at immediate work, but also the long term changes which can improve the community. As part of the Project Horizons Independent Advisory Group (HIAG), their abilities and deliver to the NW10 community successfully. YBF staff engaged in regular partnership meetings including LB Brent Early Help, Safer Brent, Wembley Stadium National Trust Alliance (mental health), Meta Network (CVS Brent accountability group), London Youth Violence Network, Healthwatch Brent Advisory Board (The Voice of Young People) Brent Strategic Sports and Physical Activity group, London Borough of Cultures 2020 (Steering meetings), London Youth Operations meetings, Great Place Scheme meetings (OPDC). ## **Membership:** YBF has 238 members who are categorised as delivery partners. These are organisations and or individuals who work directly with young people. We have 7 large scale partners (Housing Associations, The Princes Trust, Street Games, LB Brent, WSNT, Quintain and Kiln Theatre) plus other VCS / charitable organisations in the community. members/potential funders and the community to access. The website has a link to the places in Brent where members deliver and to individual organisations websites and/or Facebook accounts. ## **Focus April 2021 - March 2022** Young Brent Foundation has built a firm base on which to establish further growth and development. We continually review approaches, priorities, and emerging needs. Through work with members and stakeholders on reducing the impact of violence on young people communities we have delivered a conference to build the momentum for change, share learning and promote successes. We have continued to develop local infrastructure in addressing violence effecting children and people across Stonebridge, Church Road and Chalkhill by building new networks, enabling young people to lead change, and creating new relationships to amplify the voice of people least heard. We have continued with the members. We aim to secure core funding to grow the organisation, further developing the team around the team and creating impact for members. We have continued to develop current connections with Local Authority and other key stakeholders and explore new connections with local business to expand cross sector collaboration. Especially looking for opportunity to grow our small grants pot. We have continued to invest in new ideas by funding projects and initiatives which will benefit the young people and the agencies which support them and their families. _____________________________________________________________________________________________________ - 5 - **YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## _**_________________________________________________________________________________**_ ## **Financial review** Our finances are in good order with reserves which will be used to support the direct work we do to support the VCS youth services in Brent. Our core revenue came from London Borough of Brent, and we also secured additional revenue from a variety of sources of which 90% of this has been used to deliver support and services which directly impact on young people in Brent. For the year ended 31 March 2021, incoming funds of £881,107 (2020: £605,926) were received and outgoing expenditure amounted to £778,407 (2020: £399,815). This resulted in net income for the year of £102,700 (2020: £206,111) and net current assets of £355,056 (2020: £260,050). ## **Structure, governance, and management** The Charity is a charitable incorporated organisation which is governed by its Charitable Incorporated Organisation Foundation Constitution. The Trustees who served during the year and up to the date of approval of these financial statements were: B Asamoah- Russell S Balfour (Resigned 26 January 2021) G Bhattacharya (Appointed 26 January 2021) L A Brooking (Resigned 26 January 2021) I Burbidge (Appointed 26 April 2021) J Burey M del Carmen Llorente (Resigned 26 January 2021) D Coyle (Resigned 26 January 2021) M Curtis M Daya (Appointed 27 April 2021) A Farah (Resigned 26 January 2021) J Hall (Resigned 26 January 2021) R Harrison (Chair) A Harvey (Appointed 26 January 2021) K Olarewaju (Appointed 26 January 2021) All new trustees undergo a series of familiarisation sessions allied to the review of the Financial handbook and their duties. This is carried out within the first 3-6 months. ## **Board meetings** The Board continues to meet formally each quarter with the CEO and Chief Operating Officer also in attendance. Sapna Makwana continues to do an excellent job in supporting the Chair, taking Board minutes and organising our meetings. We have a rolling calendar of Board meetings on which specific items are scheduled for discussion. We continue with our action log for each Board meeting to ensure Board decisions are followed through. ## **Staff** We had nine staff in this period: a CEO, COO, Digital Communications Officer, Trustee Support Officer, Youth & Community Manager, Youth Voice Co-ordinator and 3 Project Managers. ## **Trustees and Staff Awayday** We have also held an AGM as well as an Awayday involving all Board and staff. The purpose of this day was for the staff and trustees to: - Get to know and RECONNECT with each other, - REFLECT and take stock of what has been a particularly difficult period and - REVIEW the agreed strategy considering current and expected changes to the operating landscape for YBF. Most The common themes that arose in discussion emphasise the need for the organisation to revisit how it describes what it does and to review how well the brand reflects that. There is a consistent theme of the need for improved storytelling and to ensure that the rich data that has been gathered is analysed. These themes could help to focus the business plan for the next 12 -18 months and will support YBF to increase its visibility and profile which will, in turn help generate more resources. _____________________________________________________________________________________________________ - 6 - **YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) TRUSTEES' REPORT (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## _**_________________________________________________________________________________**_ ## **New Trustees** We are delighted to have join the Board of Trustees, Ian Burbidge, Gitanjali Bhattacharya, Mudassir Daya, Karmi Olarewaju and Angela Harvey. Each brings to YBF skills in income generation strategy, design thinking, youth and community cohesion and education. Trustees who completed a 3 year tenure and retired - Julian Hall, Abdi Farah, Carmen Llorente, Lesley Anne Brooking, Serena Balfour, Danny Coyle. Without their support YBF would not be in the position it currently holds, and we are thankful for their dedication, skills, knowledge, and generous leadership. Apart from the first charity trustees, every trustee must be appointed for a term of **three years** by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. ## **Reserves policy** It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained The value of three to 6 months expenses has been difficult to maintain in the last few years due to payment delays from donors and Covid-19 however the appropriate contribution/reserves fee is extracted from each payment as and when funding is received. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be current activities while consideration is given to ways in which additional funds may be raised. The Financial Sub-Committee has established a reserves policy as part of its plans to provide long term support to Young Brent Foundation. The Financial Subfunds that is freely available. As at the year end the charity had overall reserves of £363,565 (2020: £260,865), with £43,828 (2020: £88,232) being unrestricted. We will however continue to monitor this as the financial situation nationally for Charities and Foundations react to the ongoing global Covid-19 pandemic. In 2021/22, unrestricted income generated through fundraising amounted to £227,500, which is less than planned, however restricted income has increased to £815,887. This will ity to increase reserves to the target range. These figures are unaudited. ## **Principle risks and uncertainties facing the charity** Principle risks - Our finances are in good order with reserves which will be used to support the direct work we do to support the VCS youth services in Brent. Our core revenue comes from John Lyons Charity and the City Bridge Trust. Going forward the charity will need to secure further core funding streams as it aims to grow and thrive. Uncertainties facing the charity - The Coronavirus, rise in energy bills and the high levels of families requiring support, all have an impact on the charities ability to thrive and grow through these trying times. As we look to grow and sustain our base in the borough, the charity will need to pivot and adapt in the changing times ahead. The Trustees' report was approved by the Board of Trustees. **J Burey** Trustee Dated: _____________________________________________________________________________________________________ - 7 - YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021 The TrustÈes are rÈsponsible for preparing the Trustees, Rèport and thÈ financial statÈmènts in attordancè with applicable law and United Kingdom Actounting Stand3rds Iunited Kingdom GÈnerally AtcÈptÉd Actounting PrarticÈl. The law applicablÈ to Charities in England and Wales ￿qUireS the Trustees to prepa￿ financial statements for each financial year which givÈ a true and fair view of the state of affairs of the tharity and of thÈ incoming resourtes and application of resources of the charityfor that ye8r. In preparing these finantial statements, the Trustees a￿ required to.. selett suitable accounting politi@$ and then apply them consist@ntly', observe the mÈthods and principles in the Charities SORP,. make judgements and estimates that are ￿3$Onable and prudent., state whethÈr applicable 3ccounting standards have been followed, subject to any material dÈpartures disclosÈd and explained in thè financial statements,. 8nd prepa￿ the financial statements on the going concern basis unless it is inappropriate to presume that the charity will Continue in operation. The TrusteÈs are responsible for keeping sufficiÈnt accounting records that dlsclose with reèson8ble accuracy at any time the fin3nci31 position of the ch8rity and Ènable them to Ènsure that the financial statÈments comply with the Charities Act 2011, the Charity (Actounts and Reports) RÈgulations 2008 and the provisions of the trust dÈed. ThÈy are also rÈsponsible for safeguarding the assets of the charity and hence fortaking reasonablÈ steps for the prevention and detettion of fraud and other irregularities. YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YOUNG BRENT FOUNDATION Opinion We have audited the financial statements of Young Brent Foundation (the 'charity'l for the year ended 31 March 2021 which comprise the st8tement of financial activities, the balance sheet, the statement of c8sh flows and the notes to the financial statements, including significant accounting policies. The fin8ncial reporting framework that has been applied in their preparation is appIl￿ble 18w ènd United Kingdom Accounting 5tèndards, including FRS 102 The Finonciol Reporting 5tttndttrd ttpplicoble in the UK GndRepublic of IrelGndlUnited Kingdom Generally Accepted Accounting Practice). In our oplnlon, the fln3ncial stètements.. give a true and fair view of the state of the charity's affairs as at 31 March 2021 and ol its incoming resources and application of resources, for the year then ended,. have been properly prepa￿d in accordance with United KinÈdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Act 2011. Basisfor oplnlon We conducted our audit in accordance with International Standards on Auditin8 IUKI IISAs IUKII and applicat)le law. Our respon5ibilitie5 under those standards are further described in the Auditor5 responsibilities for the uudit of theftnoncial stotements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements In the UK, including the FRC'S Ethi￿1 Standard, and we have fulfilled our other ethical responsibilities in accordance with these reqLJirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlngto golng concern In auditing the financial statement5, we have concluded that the Tru5tees' use ol the going concern basis of accounting in the preparation of the financial st3tements is appropriate. B3sed on the work we have performed, we have not identified any rnaterial uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue 35 a 80ing concern for a period ol at least twelve months from when the financial 5tstements 4re 4uthori5ed lor issue. Our responsibilities and the respon5ibilitie5 of the Trustees with respect to going concern are described in the relevant sections of this report. Other information The other information COfnpfi5e5 the information included in the annual report other th3n the financial statement5 and our auditor'5 report thereon. The Tru5tee5 are responsible for the other infortnation contained within the annuèl report. Our opinion on the financial 5tatement5 doe5 not cover the other infortnation and we do not expre55 any fortn of assur3nce conclusion thereon. Our respon5ibilitV 15 to read the other information Bnd, in doing 50. Consider whether the other informatlon 15 m3terially incon515tent with the financial statement5 or our knowledge obtained in the course of the audit, or otherwise appe4rs to be tnaterially mi55tsted. If we identify such material incon5iStencie5 or apparent material rnisstatements, we 3re required to determine whether this give5 rise to a rn3teri31 mi59t3tetnent in the financial statements themselves. If, based on the work we h3ve perfortned, we conclude that there is a rnaterial rni5Staternent of thi5 Other inforrn3tion, we 3re required to report thBt fact. We h3ve nothing to report in thi5 regard. Matters on which we are required to report by exception We have nothing to report In respect of the follov4ing matters In relation to which the Ch3ritles (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion-. the information given in the financial statements is inconslstent in any material respect with the Trustees, report,. or sufficient accounting record5 have not been kept., or the financial st8tements are not in agreement with the accounting records.- or we have Dot received all the information and eKpl4nations we require for our 4udit. YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUNG BRENT FOUNDATION RÈsponsibiliti*S of Tru#eÈs As explained more fully In the statement of Trustees. responsibilities, the Trustees are responsible for the prepar8tion of the financial statement5 and for being satisfied that they give 8 true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial st8tements that are free from m8terial misststement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the chèrity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to cease operations, or have no realistic alternative but to do so. Audltor's responslbllltles for the audlt of the flnanclal statements We h3ve been Bppointed 35 auditor under Section 144 of the Ch3rities Act 20113nd report in accordance with the Act and relevant regulations rnade or having effect thereunder. Our objective5 are to obtain reasonable assurance about whether the financial statement5 as a whole are free frorn material misstatement, whether due to fraud or error, and to issue auditor's report that includes our opinion, Reasonable assurance 15 high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will 31w3ys detect 4 m3terial rnisstatement when it exists. Misstatement5 arise from fraud or error are considered rnaterial if, individually or in the aggregate, they could reasonably be expected to influence the econornic deci5ion5 of users taken on the basi5 of these financial staternent5. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our respon5ibilitie5, Outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularitie5, including fraud, 15 detailed below. As p3rt of our planning process.. We enquired ol managerDent the systetns 3nd contro15 the charity has in pl3ce, the areas of the financial statements th3t are most Susceptible to the risk ol irregularities and fraud, and whether there wa5 any known, suspected or alleeed fraud. The charity did not inform u5 of 3ny known, suspected or alleged fraud. We obtained an under5t8nding of the legal and regulatory frameworks applicable to the charity. We detertnined that the following were rn05t relevant. the Charity SORP, FRS 102, Charitie5 Act 2011 and Employrnent L3W. We considered the incentives 3Dd opportunities that exist in the charity, including the extent of management bi45, which present a potenti31 lor irregularitie5 fraud to be perpetu4ted, and tsilored our risk a55e55rnent 4ccordinglv. Using our knowledge ol the charity, together with the discus510n5 held with the charity at the planning stage, we formed conclusion on the risk of mi55taternent due to irregularitie5 including fr3ud and tailored our procedures according to this risk assessment. The key procedures we undertook to detect irregularities including fraud during the course of the audit Included.. Identifying 8nd testing journal entries 8nd the overall accounting records, in particu18r those that were signlfic8nt and unusual. Reviewing the finèncial statement disclosures 8nd determining whether accounting policies hève been appropriately applied. Reviewing and challenging the 8ssumprions and judgemenrs used by m8nagement, ènd the conclusion that there are no Signifi￿nt accounting estimates. Assessing the extent of compliance, or lack of, with the relevant laws and regu13rions. Assessing the validity of the c18Ssifi￿ti0n of income, expenditure, assets 8nd li8bilities between unrestricted ènd restricted funds. Performing a physical verification of key assets. Obt8ining third-p8rty confirmation of material b8nk balances. Documenting 8nd verifying all Signifi￿nt related party balances 8nd transactions. Reviewing documentation such as the charity board minutes. correspondence with solicitors, for discussions of Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The prirn3ry responsibility for the prevention and detection of irregularitie5 and fraud rests with the trustees of the charity. 10- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUNG BRENT FOUNDATION A furthÈr description of our responsibilities is availablè on the Financial RÈporting Council's website at.. https-./lwww.frc.org.ukl auditorsrÉsponsibilities. This description forms part of our auditor's report. Other matters Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 'Accounting and Reporring by Charities.. Statement Df Recommended Practice 8pplicable to charities preparing their accounts in 8ccordance with the Financial Reporring Stsndard applicable in the UK and Republic of Ireland IFRS 1021" 18s amended) in preference to the Accounting and Reporring by Ch8rities.' Statement of Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has now been withdrawn. This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those m4tter5 we are required to state to thern in an auditors, report for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustee5 a5 a body, for our audit work, for this report, or for the opinions we have formed. F,,Q.- LLP HW Fisher LLP Chartered Accountant5 Statutory Auditor Acre House Ll-15 William Road London NWI 3ER United Klngdom 04 May 2022 HW Fisher LLP 15 eligible for appointment a5 auditor of the charity by virtue of its eligibility for appointment a5 auditor of a company under of section 1212 of the Companies Act 2006. YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted funds Restrirted funds Total Unrestricted funds 2020 Restricted funds Total 2021 2021 2021 2020 2020 Notes Incomefrom.. Donations and legacies Charitable activitiès 108,000 101,389 68 246,387 425,263 354,387 526.652 68 333.000 20,769 252,156 585,156 20,769 Investments Total income 209,457 671,650 881.107 353,770 252,156 605,926 enditure on.. Charitable activities 253,861 524,546 778,407 270,219 129,596 399,815 Net lexpenditurellincome forthe yearl Net rnovernent in funds 144,4041 147,104 102,700 83,551 122,560 206,111 Fund balances at l April 2020 88,232 172,633 260,865 4,681 50,073 54,754 Fund balances at 31 March 2021 43,828 319,737 363,565 88,232 172,633 260,865 The statement of financial activities include5 all 8ain5 and losses recognised in the year. All income ènd expenditure derive from continuing activities. 12- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) BALANCE SHEET AS AT31 MARCH 2021 2021 2020 Notes Fixed assets Tangible assets li 8,509 815 Current assets Debtors Cash at bank and in hand 185,409 217,079 52,123 324,256 402,488 147,4321 376,379 1116,3291 Credltors: amountsfalllng due wlthln one year 13 Net current assets 355,056 260,050 Total a55ets les5 current liabilities 363,565 260.865 Incomefunds Restricted fund5 Unrestricted funds 14 319,737 43,828 172.633 88,232 363,565 260,865 03 May 2022 The financial Statements were approved by the Trustee5 on....... J Burey Trustee 13- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Notes Cash fftowsfrom operating activibes Cash (absorbed byllgenerated from operations 17 197,4801 269,003 Investlng aulvldes Purchase of tsngible fixed a55et5 Investment incomè recÈived 19,7651 68 17561 Net ￿5h used in inve5bng ath1￿￿e5 19,6971 17551 Net cash used in financing acbvitie5 Net Idecreaselllncrease In cash and cash equlvalents 1107,1771 268,248 Cash 8nd cash equivalents 8t beginning of ye8r 324,256 56,008 Cash and cash equivalents at end of year 217,079 324,256 14- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting polities Charity information Young 8rent Foundation is a registered charity. The registered office is 3 Rutherford Way. Wembley, Middlesex, HA9 OBP. 1.1 A<¢ountsnK ¢onvention The financial statements have been prepared In accordance with the charity's governing document, the Charities Act 2011 and 'Accounting and Reporting by Chèrities.. St8tement of Recommended Practice 8pplicable to charities preparing their accounts In accordance with the Financial Reporting standard applic8ble In the UK and Republic of Ire18nd IFRS 1021- (effective from I january 20191. The charity Is 8 Public 8enefit Entity as defined by FRS 102. The financial statements are prepared in stÈrling, which is the functional currency of the charity. Monetary amounts in these financi31 statsments are rounded to the nearest £. The financi315taternents have been prepared under the historical c05t convention. The princip31 accounting policie5 adopted are set out below. 1.2 Going Corn￿￿￿ The trusteÈs have considered the effett of the prolonged Covid-19 pandemic. Young Brent Foundation has managed to secure funding from two major funders for the nÈxt two years up until 2023. ThÈ trusteÈs consider that the continuing Èffect of the pandÈmic is unlikely to c8usÈ 8 significant disruption to the charity's opÈr8tions. ThÈ trustÈes have a reasonable Èxpettation that the company has adÈquÈte rÈsour¢es to continue in opÈration for the foresÈÈable future. Thus, thÈ trustees tontinuÉ to adoptthe going concern basis of actounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds 4re 4v4ilable for use 4t the discretion of the Tru5tee5 in furtherance of their chiritable objectives. Restritted funds are funds which are to bÈ used in accordante with specific rÈstricbons imposed by the donor or trust deed. 1.4 Incoming resour￿5 Income is recogni5ed when the charity is legally entitled to it after any perfortnance conditions have been tnet, the amounts can be me3sured reliablyi and it 15 probable that income will be received. Investment income is accounted for on a recelv8ble basis. Grant income is recogni5ed in full in the year in which it is receivable unless there zre specific performance related conditions that prevent its recognition and instead income is deferred. 15- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcles Icontlnuedl 1.5 Resources expended Li3bilities are recogni5ed as expenditure once there is a legal or constructive obligation cornmitting the charity to th3t expenditure. it is probable that settlement will be required the amount of the obligation can be measured reliably. Direct ch4ritable expenditure comprise5 all the expenditure relating to the activitie5 c4rried outto Bchieve the charitable objectives. Support costs represent costs that cannot be directly attributed to activities. These costs have been 3llocated to the charitable activity. Governance includÈs the costs of tompliance with constitutional and statutory requirements. IrrecoverablÈ VAT is charged 3gainstthe expenditure heading for whith it Was incurred. 1.6 Tangible fixed assets Tangible fixed a55ets are me35ured at C05t net of depreciation and 3ny irnp3irrnent1055e5. DepreclaJon Is recognised so as to wrSte off the cost of assets less thelr resldual values over rhelr useful lives on the followlng b3ses'. Computer Equipment Fixtures and fittings 33% Straight line 33% Striaght line The gain or Ioss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the 3sset, and is recognised In net income/lexpenditurel for the year. 1.7 Impairment of fixed assets At Èath rÈporting Ènd date, thÈ charity reviÈws thè tèrryinE amounts of its tangiblè assets to dètÈrmine whether thèrè is any indication that th05e a55et5 have suffered imp4irrnent 1055. If any Such indication exi5t5, the recoverable arnount of the asset is estimated in order to determine the extent of the impairment loss lif anvl. 1.8 Flnanclal Instruments The charity h45 elected to apply the provi510n5 of Section 11 'Basic Fin4ncial Instruments, and Section 12 '0ther Financial Instrument5 Issues, of FRS 102 to all of it5 lin3ncial instrument5. The charity only have financi313ssets and li3bilities of a kind th3t qualify as basic financial instruments. B35ic lin3ncial instrurnents are initially recognised at tran53ction value and subsequently me3sured at their settlement value with the excepting of financing item5 which are 5ub5equently measured at amorbsed cost using the effective interest method. 1.9 Employee benefits The cost of any unu*d holidèy entitlement is recotnlsed in the period in which the employee's services a￿ received. Termination benefits are recogni5ed irnmedi4tely as an expense when the charity 15 detnon5tr3bly comtnitted to terminate the ernployment of an etnployee orto provide termin3tion benefit5. 1.10 Retirement benefit5 Payments to dÈfinÈd contribution retirement benefit schemes are charged as an Èxpense as they fall due. 16- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Critital actountin8 estimates and judgements In the application of the charity's 4ccounting policies, the Trustees 3re required to make judgement5, e5tim3te5 and a55umptions about the carrying amount of 355ets and liabilities that 3re not readily app3rent frotn other sources. The estitnates and a550Ciated a55umption5 are based on historical experience and other factor5 that are considered to be relevant. Actual re5uIt5 may differfrom these e5titnates. The estitnates and underlying a55umption5 4re reviewed on an ongoing ba515. Revisions to accounting estimates are recogni5ed in the period in which the estimate 15 revised where the revision affects only that period, or in the period of the revision and future period5 where the revision affect5 both current future periods. The Trustees do not believe there to be judgements or estimates that would be considered critical to the fin3ncial statements. Donation5 and leEacies Unre￿rItted funds Resirltted fvnds Total Unrestricred fund5 Restricted fund5 Total 2021 2021 2021 2020 2020 2020 Grant Income 108,000 246,387 354,387 333,000 252,156 585,156 Grants receivable for core activities John Lyons Charity City of London National Lottery Heritage Fund Mercers 57,600 45,000 57,600 45,000 258.000 50,000 258,000 50,000 156,560 156,560 153,490 153,490 25,000 80,000 25,000 ESC Lottery Wembley Nationèl Stadium Trutt 76,160 76,160 80,000 13,667 13,667 5,400 18,666 18,666 Other 5,400 108,000 246,387 354,387 333.000 252.156 585,156 17- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charitable athvities 2021 2020 Servlces provldÈd under contratt 526.652 20,769 Analy515 byfund Unrestrirted funds Restricted funds 101.389 425,263 20,769 526,652 20,769 Investments Unrestricted Unrestricted funds funds 2021 2020 Interest ￿te1vable 68 18- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charitable athvities 2021 2020 staff costs Marketine Course costs 169,367 4,346 37.487 143,327 12,484 5,169 211,200 160,980 Grantfunding of activities (see note 71 296,843 127,976 Share of support costs Isee note 81 Share of governance cost515ee note 81 244,193 26.171 89,498 21,361 778,407 399,815 Analysis by fund Unrestricted funds Restrlcted funds 253,861 524.546 270,219 129,596 778,407 399,815 19- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Grants payable 2021 2020 Grants to institutions.. Sportivate Ernest Simons 79,350 82,380 17,565 2,736 1,000 3,000 3,000 5,392 2,778 2,990 1,970 1,000 Mari3 Konopnicka Active Sporting Communities The Tamil Association Of Brent Chalkhill Comtnunitv Alehz Educ8tional Club Dos Br45ileirinhos Barent Parent Carer Forum Community InterestTrust Brent Carers Centre Hillside Performing Arts Rock Solid Media Group Sport At The Heart EP Global Springboard Youth A￿demY My Romania Corntnunity Ansar YfH 8,370 2,494 9,880 2,786 9,620 12,638 10,800 12,118 1,600 3,000 2,340 23,000 1,596 24,714 8,712 7,820 7.056 8,619 3,448 2,800 2,800 2,800 7,492 3,000 2,800 8,000 4,000 7,910 7,546 10,520 2,380 Kilburn Community Saturday Cle8r Thinking Consult8ncy Volunteer5 Go Glob41 Kiln Theatre Start Easy Oxford Kilburn Youth Trust Resources for Autism Iraqi Welfare Association BANG Edutainment Creative Genies We5tside Young Leader5 Academy Alridha Foundation Dar Al Huda Supplementary School Unique Community Charitv Youth Action Alliance Phoenix Rising West London Zone Jason Roberts Foundation Brent Centre for Young People Community Brent Other 296,843 127,976 -20- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Support cotts Support Costs G￿ernance costs 2021 Support C05tS Governance costs 2020 Depreciation Computer running costs Project support Gener41 expenses Staff training Rent 2,071 7,789 183,395 23,365 14,646 7,880 1,194 3.853 2.071 7,789 183.395 23,365 14,646 7.880 1,194 3,853 1,644 2,000 72,227 1,348 2,000 72,227 1,348 8,630 943 2,706 8,630 943 2.706 Insurance Tr8velling expenses Audit fees 8.856 10,297 6,729 289 8,856 10.297 6,729 289 7,200 11,837 2,074 250 7,200 11,837 2,074 250 Accountancy Legal and profe55ional Bank charges 244,193 26,171 270,364 89,498 21,361 110,859 Analysed between 244,193 26,171 270,364 89,498 21,361 110,859 Support staff costs h8ve been alloc8ted to the charitable activities based on time spent on the relevant activity. Other support costs have been considered individu8lly ènd allocated based on how the specific resource relates to the activity In question. Governance costs intludes payments to the auditors of £8,85612020.. £7,200) for audit fees, and £10,29712020.. £11,837) for other accountancy servicès. Trustees None of the Trustees lor any persons connected with thernl received any reimbursed expenses, remuneration or benefits from the charity during the year. 21 YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 io Employees Number of employee5 The average monthly number of employees during the year was". 2021 2020 Number Number Adrnini5trative Employrnent cost5 2021 2020 Wages and sBl3ries Social security costs Other pension costs 154,675 11,758 2,934 130,102 11,215 2,010 169,367 143,327 During the year key rn4nagetnent personnel, which cornprise of the Chief Executive Officer, received total employee benefits of £64,28812020.. £91.5461. Included within wage5 and 5313ries were terrnination payments of £nil.12020.. £3,462 to two employees). There were no employees whose annual remuneration wzs £60,000 or more. li Tanglble flxed assets Compute Egulpment Fithres and fitNn8S Totsi Cost At l April 2020 Additions 6,400 9,765 756 7,156 9,765 At 31 March 2021 16,165 756 16,921 Depre¢iation and impairment At l April 2020 Depreciation ch4rged in the year 6,299 1,408 42 6.341 2,071 663 At 31 March 2021 7.707 705 8,412 Carrylng amount At 31 March 2021 8,458 51 8,509 At 31 March 2020 ioi 714 815 -22- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 12 Oebtors 2021 2020 Amount5 falling due within one year: Trade debtors Other debtors Prepayments ènd accrued income 50,400 25,650 2,014 24,459 135,009 185,409 52,123 13 Credltors: amounts falllng due wlthln one year 2021 2020 Other taxation and Social security Trade creditors Other creditors cruals and deferred income 5,002 25,091 256 85,980 30,808 741 15,883 47,432 116,329 -23- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 14 Restricted funds The incorne fund5 of the charity include restricted funds comprising the following unexpeDded b31ance5 of donations and grants held on trustfor specific purposes.. Movement in funds m0￿Ment in funds Incomlng Re50ur Balance at resource5 expended 31 March ZOZI Balance at l Aprll 2019 Incomln8 resources Resource5 expended Balance at l Aprll ZOZO Wembley National Stadium Trust Big Potential Advanced Fund London Borough of Brent Sport England Metropolitan Th3rnes Valley Housing National Lottery Heritage Fund Greater London Authority 17.641 18,666 11751 36,132 13,667 49,799 9,930 19,9301 4,592 17.910 14,5921 163,7161 349,813 76,160 1250,9051 162,5331 98,908 47,821 80.000 34,194 45,450 112,3571 33,093 153,490 151,1831 L02,307 156,560 1168.7511 90,116 30,000 130,0001 50.073 252,156 1129,5961 172,633 671,650 1524,5461 319,737 -24- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Restrlcted funds Icontlnuedl Wembley Naljonal Stadlum Trust Toward costs additional to 8 Sport England grant encouraging single-p8rent families to become more physically 8ctive. Blg Potentlal Advat)ced Fund Co-design- Development of a co-design process for grassroots providers ènd the local authority commissioner. Framework Development- Create an appropriate supply chain framework for delivery providers. Provider Vetting- Development of a RAG ratine-b8sed due diligence system to vet applicants. Capacity 8uilding-T8reeted capacity build support. Joinr Delivery- Development of a Joint delivery plan as the basis of our tender proposal. London Borough of Brent Various projects aimed to help young people affected by g8ngs, crimin81 exploitation and county lines. Sport England The project objective is to support families from lower socio-economic groups to be more active, more Often. A projett coordinator will develop 8 'FunFit Families reward game, which will provide 100 simple low equipment loan service. Peer support network established. Number of Families= 1350. Metropolitan Thames Valley Housing Youth Steering Group and Summer Programme.. These projects are to establish a steering group for young people and put together a summer programme for children and young people, both projects to be ￿rrIed out on the Chalkhill estate. National Lottery Heritage Fund Valuing Life.. This project Is for funding to support an early intervention programme in Brent to prevent young people becoming Involved in gangs ènd knife crime. Greater London Authorlty Photojournalism project.. This project is to give young Londoners the technic815ki115, practical experience and a range of access opportunities to sporting events/ projects. 15 Analysls of net assets be￿een funds Unrestricted Restricted Total Unrestricted Restricted Total 2021 2021 2021 2020 2020 2020 Fund balances at 31 March 2021 are represented bv.. Tangible assets 8,509 35,319 8,5C 355,056 815 815 319,737 87,417 172,633 260,050 43,828 319,737 363,565 88,232 172,633 260,865 16 Related partytransacrions Abdikarim Farah 15 a trustee of Young Brent Found3tion a150 a director of Hornstar5. During the yeir, I payment of £23,334 wa5 made to Hornstar5 for the Fun Fit F3milie5 programme. -25- YOUNG BRENT FOUNDATION (CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 17 Cash genÈrated from operations 2021 2020 Surplus for the year 102,700 206,111 Adjusttnents for.. Investment income recognised in statement of financial 8ctivities Depreciation and impairment of tangible fixed 355ets 1681 2,071 1,644 Movements in working ￿p1￿1.. Ilncreasel in debtor5 Ioecreasellincrease in creditors 1133,2861 168,8971 129,0791 90,328 Cash labsorbÈd byllgenerated Irom opÈrations 197,4801 269,003 18 Analy515 of changes in net fund5 The charity had no debt during the year. -26-