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2024-03-31-accounts

Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

REGISTERED CHARITY NUMBER: 1165871

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Young Brent Foundation

Grant Harrod Lerman Davis LLP Chartered Accountants 1st Floor Healthaid House Marlborough Hill Harrow Middlesex HA1 1UD

Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Contents of the Financial Statements for the year ended 31 March 2024

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Cash Flow Statement 10
Notes to the Cash Flow Statement 11
Notes to the Financial Statements 12 to 21

Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Report of the Trustees for the year ended 31 March 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 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 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's children and young people to 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:

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

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Young Brent Foundation

Report of the Trustees for the year ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE Charitable activities

Multi-year grants for activities/outcomes

Flourishing Futures

Leading a partnership with Brent Council, MTVH, Hyde Housing and Peabody, the aim of the project is to empower young people through a peer research model to understand the barriers to employment for young people from marginalised communities. Funded through Youth Futures Foundation, Flourishing Futures provides training and leadership development for young people who have a passion and drive to investigate solutions that will improve the journey into employment for young people.

Flourishing Futures aims to better understand the barriers young people from ethnically diverse backgrounds face in securing and sustaining employment, and to explore how businesses and charities can play a role in reducing and eliminating these obstacles.

When asked how often starting their own business had been discussed while they were in education 47.4% of young people said, never.

37% had never experienced a visit from an employer at school.

80% of young people in Brent go to parents, family members, siblings and teachers for careers advice. Home - School - Community

Empower Her is a Collaboration Project with Alperton Community School, US Charitable Trust and Jason Roberts Foundation. Young Brent Foundation identified strengths within each organisation that by working together shows great potential in delivering a 3 year project funded by John Lyon's Charity.

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Young Brent Foundation

Report of the Trustees for the year ended 31 March 2024

Seventy per cent of positive opportunities such as after school activities are taken up by young boys. Whilst meeting the needs of all young people is important, we need to acknowledge that many facilities and projects seldom address the needs of girls and young women. Girls often face higher risks of gender based violence, harassment, and exploitation, which can impede their ability to access opportunities.

The Collaboration aims to create an inclusive environment that promotes mutual learning, skill development and community engagement through a partnership encompassing diverse individuals and organisations. It focuses on providing learning spaces for the collaboration participants, developing student aspirations, leadership and imagination, and inclusive culture change.

Key Partnerships :

John Lyon's Charity - John Lyon's Charity provides grants, support and guidance to benefit children and young people up to the age of 25 who live in nine boroughs in North and West London. The Charity distributes around £12 million in grants each year, of which Brent benefits from direct funding and collaboration - £1.5 million per annum. Vital long-term support and commitment from John Lyon's Charity to provide core funding, continues to enable YBF to thrive locally.

Youth Futures Foundation - is an independent, not-for-profit organisation established in December 2019 with £90m endowment from the Reclaim Fund to improve employment outcomes for young people from marginalised backgrounds.

Our joint ambition is to narrow employment gaps by identifying what works and why, investing in evidence generation and innovation and igniting a movement for change so all young people have fair access to good quality jobs.

London Borough of Brent:

LB Brent Youth Provision - In this reporting period, YBF has continued to work closely with the Local Authority. YBF has contributed to the development of two important strategies, Brent's Youth Strategy and Brent's Black Community Action Plan. YBF engaged in regular partnership meetings including LB Brent Early Help, Safer Brent Partnership, Young People's Trust, Wembley Stadium National Trust (WSNT) Partnership for Young London, THRIVE (mental health), Brent Young People's 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 and Metroland.

Metropolitan Thames Valley Housing, Hyde Housing and Catalyst -Peabody Housing:

Over the past 12 months this partnership has secured funding from the Youth Futures Foundation to explore barriers to employment for young people.

Brent Independent Advisory Group (BIAG) The vision of the Brent IAG is for the wards of Brent to be able to check and challenge police activities that affect young people, but also to seek solutions to positive communication and transformational activities. The Brent Independent Advisory Group stated YBF performs a vital role of a 'critical friend' for the Police.

Membership - YBF has over 150 members who are categorised as delivery partners. These are organisations and or individuals who work directly with young people. We have 9 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.

Significant developments with the 'mapping' of membership on the YBF website has taken place and is now live for all members/potential funders and the community to access. The website has a link to the places in Brent where members deliver and linked to individual organisations websites and/or Facebook accounts.

Future focus April 2023 - March 2024

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 will deliver a conference to build the momentum for change, share learning and promote successes.

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Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Report of the Trustees for the year ended 31 March 2024

Continue 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 will continue to carry out 'horizon scanning' to identify and share internal and external funding opportunities and share 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 will continue 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 the small grants pot. We will continue 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.

FINANCIAL REVIEW

Financial position

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 2024, incoming funds of £984,519 (2023: £1,274,670) were received and outgoing expenditure amounted to £1,283,573 (2023: £1,637,344). This resulted in net income for the year of -£298,822 (2023: -£362,674) and net current assets of £130,462 (2023: £431,640).

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

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 Sub-Committee calculate the reserves as that part of the Foundation's unrestricted income funds that is freely available. As at the year end the charity had overall reserves of £132,818 with £17,839 being unrestricted.

Principal risks and uncertainties

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

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. Going forward the charity will need to secure further core funding streams as it aims to grow and thrive.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Page 4

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Young Brent Foundation

Report of the Trustees for the year ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT 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 importantly, to have a really nice day with people we've not seen for too long. 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.

Staff

Principle risks and uncertainties facing the charity

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

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 Foundation.

Going forward the charity will need to secure further core funding streams as it aims to grow and thrive. Uncertainties facing the charity - 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.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1165871

Principal address

Barham Park Community Complex 660 Harrow Road Wembley Middlesex HA0 2HB

Trustees

B Asamoah-Russell (resigned 10.10.2024) G Bhattacharya I Burbidge J Burey M Daya (resigned 10.10.2024) K Olarewaju (resigned 10.10.2024) M Curtis (resigned 10.10.2024) D St Cyr (appointed 10.10.2024) P Mitchell (appointed 10.10.2024)

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Young Brent Foundation

Report of the Trustees for the year ended 31 March 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Grant Harrod Lerman Davis LLP Chartered Accountants 1st Floor Healthaid House Marlborough Hill Harrow Middlesex HA1 1UD

1/16/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ I Burbidge - Trustee

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Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Independent Examiner's Report to the Trustees of Young Brent Foundation

Independent examiner's report to the trustees of Young Brent Foundation

I report to the charity trustees on my examination of the accounts of Young Brent Foundation (the Trust) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jeremy Harrod FCCA

Grant Harrod Lerman Davis LLP Chartered Accountants 1st Floor Healthaid House Marlborough Hill Harrow Middlesex HA1 1UD 1/16/2025 Date: .............................................

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Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Statement of Financial Activities for the year ended 31 March 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Charitable activities
4
Charitable activites
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
145,840
232
146,072
144,251
1,821
15,233
17,054		 Restricted
funds
£
838,679
-
838,679
1,140,107
(301,428)
416,407
114,979		 2024
Total
funds
£
984,519
232
984,751
1,284,358
(299,607)
431,640
132,033		 2023
Total
funds
£
1,274,670
-
1,274,670
1,637,344
(362,674)
794,314
431,640

The notes form part of these financial statements

Page 8

Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Balance Sheet 31 March 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
1,571
CURRENT ASSETS
Debtors
9
169,337
Cash at bank
13,673
183,010
CREDITORS
Amounts falling due within one year
10
(167,527)
NET CURRENT ASSETS
15,483
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,054
NET ASSETS
17,054
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
159,847
62,292
222,139
(107,160)
114,979
114,979
114,979		 2024
Total
funds
£
1,571
329,184
75,965
405,149
(274,687)
130,462
132,033
132,033
17,054
114,979
132,033		 2023
Total
funds
£
-
152,901
324,197
477,098
(45,458)
431,640
431,640
431,640
15,233
416,407
431,640

The financial statements were approved by the Board of Trustees and authorised for issue on 1/16/2025 ............................................. and were signed on its behalf by:

............................................. I Burbidge - Trustee

The notes form part of these financial statements

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Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Cash Flow Statement for the year ended 31 March 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash used in operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2024
£
(246,108)
(246,108)
(2,356)
232
(2,124)
(248,232)
324,197
75,965		 2023
£
(99,102)
(99,102)
-
-
-
(99,102)
423,299
324,197

The notes form part of these financial statements

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Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Notes to the Cash Flow Statement for the year ended 31 March 2024

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in debtors
Increase in creditors
Net cash used in operations		 2024
£
(299,607)
785
(232)
(176,283)
229,229
(246,108)		 2023
£
(362,674)
3,070
-
228,179
32,323
(99,102)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank 324,197 (248,232) 75,965
324,197 (248,232) 75,965
Total 324,197 (248,232) 75,965

The notes form part of these financial statements

Page 11

Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Notes to the Financial Statements for the year ended 31 March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

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

Expenditure

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

Tangible fixed assets

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

Taxation

The charity is exempt from 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.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2024 2023
£ £
Grants 984,519 1,274,670

continued...

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Young Brent Foundation

Notes to the Financial Statements - continued for the year ended 31 March 2024

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Brent Goes Wild
Sport England
National Lottery Heritage Fund
JLC Small Grants
Violence Reduction Unit
Elevate Fund Small Grants
Other grants
3.
INVESTMENT INCOME
Deposit account interest
4.
CHARITABLE ACTIVITIES COSTS
Charitable activites
5.
SUPPORT COSTS
Management
£
Charitable activites
152,831		 Direct
Costs
£
1,108,410
Finance
£
1,050		 2024
£
72,679
-
-
-
381,300
100,000
430,540
984,519
2024
£
232
Support
costs (see
note 5)
£
175,948
Governance
costs
£
22,067		 2023
£
-
65,041
78,280
54,000
93,625
-
983,724
1,274,670
2023
£
-
Totals
£
1,284,358
Totals
£
175,948

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

continued...

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Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Notes to the Financial Statements - continued for the year ended 31 March 2024

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
192,344
EXPENDITURE ON
Charitable activities
Charitable activites
418,997
NET INCOME/(EXPENDITURE)
(226,653)
RECONCILIATION OF FUNDS
Total funds brought forward
241,886
TOTAL FUNDS CARRIED FORWARD
15,233
8.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2023
756
Additions
-
At 31 March 2024
756
DEPRECIATION
At 1 April 2023
756
Charge for year
-
At 31 March 2024
756
NET BOOK VALUE
At 31 March 2024
-
At 31 March 2023
-
Restricted
funds
£
1,082,326
1,218,347
(136,021)
552,428
416,407
Computer
equipment
£
16,165
2,356
18,521
16,165
785
16,950
1,571
-		 Total
funds
£
1,274,670
1,637,344
(362,674)
794,314
431,640
Totals
£
16,921
2,356
19,277
16,921
785
17,706
1,571
-

continued...

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Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Notes to the Financial Statements - continued for the year ended 31 March 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Prepayments and accrued income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors
11.
MOVEMENT IN FUNDS
At 1.4.23
£
Unrestricted funds
General fund
15,233
Restricted funds
Wembley National Stadium Trust
54,856
Metropolitan Thames Valley Housing
17,008
Neighbourhood Community Infrastructure
Levy - Aspire
30,450
Brent Goes Wild
5,362
LBB Mental Health & Wellbeing
31,684
Violence Reduction Unit
28,000
National Lottery Community Grant -
Valuing Life
4,075
Disproportionately
7,360
European Metal Rec (Community
Research)
1,000
Flourishing Futures
54,144
Green Neighbourhoods Youth Climate
Change
5,000
Harrow School
15,000
Kickstart Scheme
1,952
Life Coaching
10,000
MyPlace - Roundwood Youth Activities
106,791
Out of Schools Settings
5,360
She is Summit
645
Training
118
Elevate Fund - Small Grants
37,602
Bernardo's
-
Detached & Outreach Kilburn
-
416,407
TOTAL FUNDS
431,640		 2024
£
85,613
243,571
329,184
2024
£
138,561
20,429
115,697
274,687
Net
movement
in funds
£
1,821
(54,856)
(17,008)
(30,450)
3,713
(5,000)
31,847
(4,075)
(7,360)
(1,000)
(54,144)
(5,000)
(15,000)
(1,952)
(250)
(106,791)
(700)
-
(118)
(37,602)
300
4,018
(301,428)
(299,607)		 2023
£
30,402
122,499
152,901
2023
£
28,230
9,080
8,148
45,458
At
31.3.24
£
17,054
-
-
-
9,075
26,684
59,847
-
-
-
-
-
-
-
9,750
-
4,660
645
-
-
300
4,018
114,979
132,033

continued...

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Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Notes to the Financial Statements - continued for the year ended 31 March 2024

11. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Wembley National Stadium Trust
Metropolitan Thames Valley Housing
Neighbourhood Community Infrastructure
Levy - Aspire
Brent Black Community Action Plan
Brent Goes Wild
LBB Mental Health & Wellbeing
Violence Reduction Unit
National Lottery Community Grant -
Valuing Life
Disproportionately
European Metal Rec (Community
Research)
Flourishing Futures
Green Neighbourhoods Youth Climate
Change
Harlesden Action Zone
Harrow School
Kickstart Scheme
Life Coaching
MyPlace - Roundwood Youth Activities
Out of Schools Settings
Training
Elevate Fund - Small Grants
Early Help Detached and Outreach
Bernardo's
Detached & Outreach Kilburn
JLC Narrowboat
LCEP
Playzone
TOTAL FUNDS		 Incoming
resources
£
146,072
-
-
13,750
49,455
72,679
-
381,300
-
29,344
-
33,055
-
45,000
-
-
-
46,476
-
-
100,000
8,400
15,000
14,084
864
7,377
21,895
838,679
984,751		 Resources
expended
£
(144,251)
(54,856)
(17,008)
(44,200)
(49,455)
(68,966)
(5,000)
(349,453)
(4,075)
(36,704)
(1,000)
(87,199)
(5,000)
(45,000)
(15,000)
(1,952)
(250)
(153,267)
(700)
(118)
(137,602)
(8,400)
(14,700)
(10,066)
(864)
(7,377)
(21,895)
(1,140,107)
(1,284,358)		 Movement
in funds
£
1,821
(54,856)
(17,008)
(30,450)
-
3,713
(5,000)
31,847
(4,075)
(7,360)
(1,000)
(54,144)
(5,000)
-
(15,000)
(1,952)
(250)
(106,791)
(700)
(118)
(37,602)
-
300
4,018
-
-
-
(301,428)
(299,607)

continued...

Page 16

Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Notes to the Financial Statements - continued for the year ended 31 March 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Wembley National Stadium Trust
LBB
Sport England
Metropolitan Thames Valley Housing
National Lottery Heritage Fund
Neighbourhood Community Infrastructure
Levy - Aspire
Brent Black Community Action Plan
Brent Goes Wild
Community Safety - Global Thinking
JLC Small Grants
LBB Mental Health & Wellbeing
Violence Reduction Unit
Disproportionately
European Metal Rec (Community
Research)
Flourishing Futures
Green Neighbourhoods Youth Climate
Change
Harlesden Action Zone
Harrow School
Kickstart Scheme
Life Coaching
MyPlace - Roundwood Youth Activities
Out of Schools Settings
Pathfinders
She is Summit
Training
Brent Community Research
Creative Coordinators
Elevate Fund - Small Grants
Freeman Family Centre
MTVH
Photo Journalism
Volunteers Go Global
Early Help Detached and Outreach
TOTAL FUNDS		 At 1.4.22
£
241,886
45,631
40,957
31,653
17,008
72,394
8,350
14
18,000
60,039
32,520
49,284
158,265
-
-
-
-
17,001
-
-
-
(36,877)
-
(5,000)
-
-
3,161
3,535
-
67,965
2,168
11,400
6,523
(51,563)
552,428
794,314		 Net
movement
in funds
£
(226,653)
9,225
(40,957)
(31,653)
-
(68,319)
22,100
(14)
(12,638)
(60,039)
(32,520)
(17,600)
(130,265)
7,360
1,000
54,144
5,000
(17,001)
15,000
1,952
10,000
143,668
5,360
5,000
645
118
(3,161)
(3,535)
37,602
(67,965)
(2,168)
(11,400)
(6,523)
51,563
(136,021)
(362,674)		 At
31.3.23
£
15,233
54,856
-
-
17,008
4,075
30,450
-
5,362
-
-
31,684
28,000
7,360
1,000
54,144
5,000
-
15,000
1,952
10,000
106,791
5,360
-
645
118
-
-
37,602
-
-
-
-
-
416,407
431,640

continued...

Page 17

Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Notes to the Financial Statements - continued for the year ended 31 March 2024

11. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Wembley National Stadium Trust
LBB
Sport England
National Lottery Heritage Fund
Neighbourhood Community Infrastructure
Levy - Aspire
Brent Black Community Action Plan
Brent Goes Wild
Community Safety - Global Thinking
JLC Small Grants
LBB Mental Health & Wellbeing
Violence Reduction Unit
Disproportionately
European Metal Rec (Community
Research)
Flourishing Futures
Green Neighbourhoods Youth Climate
Change
Harlesden Action Zone
Harrow School
Kickstart Scheme
Life Coaching
MyPlace - Roundwood Youth Activities
Out of Schools Settings
Pathfinders
She is Summit
Training
Brent Community Research
Creative Coordinators
Elevate Fund - Small Grants
Freeman Family Centre
MTVH
Photo Journalism
Volunteers Go Global
Early Help Detached and Outreach
TOTAL FUNDS		 Incoming
resources
£
192,344
22,250
47,333
65,041
78,280
27,500
33,137
-
51,871
54,000
-
93,625
16,000
1,000
85,007
5,000
55,000
15,000
1,952
15,000
162,780
30,000
5,000
4,000
1,050
-
-
100,000
-
-
-
-
112,500
1,082,326
1,274,670		 Resources
expended
£
(418,997)
(13,025)
(88,290)
(96,694)
(146,599)
(5,400)
(33,151)
(12,638)
(111,910)
(86,520)
(17,600)
(223,890)
(8,640)
-
(30,863)
-
(72,001)
-
-
(5,000)
(19,112)
(24,640)
-
(3,355)
(932)
(3,161)
(3,535)
(62,398)
(67,965)
(2,168)
(11,400)
(6,523)
(60,937)
(1,218,347)
(1,637,344)		 Movement
in funds
£
(226,653)
9,225
(40,957)
(31,653)
(68,319)
22,100
(14)
(12,638)
(60,039)
(32,520)
(17,600)
(130,265)
7,360
1,000
54,144
5,000
(17,001)
15,000
1,952
10,000
143,668
5,360
5,000
645
118
(3,161)
(3,535)
37,602
(67,965)
(2,168)
(11,400)
(6,523)
51,563
(136,021)
(362,674)

continued...

Page 18

Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Notes to the Financial Statements - continued for the year ended 31 March 2024

11. 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
Wembley National Stadium Trust
LBB
Sport England
Metropolitan Thames Valley Housing
National Lottery Heritage Fund
Neighbourhood Community Infrastructure
Levy - Aspire
Brent Black Community Action Plan
Brent Goes Wild
Community Safety - Global Thinking
JLC Small Grants
LBB Mental Health & Wellbeing
Violence Reduction Unit
National Lottery Community Grant -
Valuing Life
Harlesden Action Zone
Life Coaching
MyPlace - Roundwood Youth Activities
Out of Schools Settings
Pathfinders
She is Summit
Brent Community Research
Creative Coordinators
Freeman Family Centre
MTVH
Photo Journalism
Volunteers Go Global
Early Help Detached and Outreach
Bernardo's
Detached & Outreach Kilburn
TOTAL FUNDS		 At 1.4.22
£
241,886
45,631
40,957
31,653
17,008
72,394
8,350
14
18,000
60,039
32,520
49,284
158,265
-
17,001
-
(36,877)
-
(5,000)
-
3,161
3,535
67,965
2,168
11,400
6,523
(51,563)
-
-
552,428
794,314		 Net
movement
in funds
£
(224,832)
(45,631)
(40,957)
(31,653)
(17,008)
(68,319)
(8,350)
(14)
(8,925)
(60,039)
(32,520)
(22,600)
(98,418)
(4,075)
(17,001)
9,750
36,877
4,660
5,000
645
(3,161)
(3,535)
(67,965)
(2,168)
(11,400)
(6,523)
51,563
300
4,018
(437,449)
(662,281)		 At
31.3.24
£
17,054
-
-
-
-
4,075
-
-
9,075
-
-
26,684
59,847
(4,075)
-
9,750
-
4,660
-
645
-
-
-
-
-
-
-
300
4,018
114,979
132,033

continued...

Page 19

Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Notes to the Financial Statements - continued for the year ended 31 March 2024

11. 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
Wembley National Stadium Trust
LBB
Sport England
Metropolitan Thames Valley Housing
National Lottery Heritage Fund
Neighbourhood Community Infrastructure
Levy - Aspire
Brent Black Community Action Plan
Brent Goes Wild
Community Safety - Global Thinking
JLC Small Grants
LBB Mental Health & Wellbeing
Violence Reduction Unit
National Lottery Community Grant -
Valuing Life
Disproportionately
European Metal Rec (Community
Research)
Flourishing Futures
Green Neighbourhoods Youth Climate
Change
Harlesden Action Zone
Harrow School
Kickstart Scheme
Life Coaching
MyPlace - Roundwood Youth Activities
Out of Schools Settings
Pathfinders
She is Summit
Training
Brent Community Research
Creative Coordinators
Elevate Fund - Small Grants
Freeman Family Centre
MTVH
Photo Journalism
Volunteers Go Global
Early Help Detached and Outreach
Bernardo's
Detached & Outreach Kilburn
JLC Narrowboat
LCEP
Playzone
TOTAL FUNDS		 Incoming
resources
£
338,416
22,250
47,333
65,041
-
78,280
41,250
82,592
72,679
51,871
54,000
-
474,925
-
45,344
1,000
118,062
5,000
100,000
15,000
1,952
15,000
209,256
30,000
5,000
4,000
1,050
-
-
200,000
-
-
-
-
120,900
15,000
14,084
864
7,377
21,895
1,921,005
2,259,421		 Resources
expended
£
(563,248)
(67,881)
(88,290)
(96,694)
(17,008)
(146,599)
(49,600)
(82,606)
(81,604)
(111,910)
(86,520)
(22,600)
(573,343)
(4,075)
(45,344)
(1,000)
(118,062)
(5,000)
(117,001)
(15,000)
(1,952)
(5,250)
(172,379)
(25,340)
-
(3,355)
(1,050)
(3,161)
(3,535)
(200,000)
(67,965)
(2,168)
(11,400)
(6,523)
(69,337)
(14,700)
(10,066)
(864)
(7,377)
(21,895)
(2,358,454)
(2,921,702)		 Movement
in funds
£
(224,832)
(45,631)
(40,957)
(31,653)
(17,008)
(68,319)
(8,350)
(14)
(8,925)
(60,039)
(32,520)
(22,600)
(98,418)
(4,075)
-
-
-
-
(17,001)
-
-
9,750
36,877
4,660
5,000
645
-
(3,161)
(3,535)
-
(67,965)
(2,168)
(11,400)
(6,523)
51,563
300
4,018
-
-
-
(437,449)
(662,281)

continued...

Page 20

Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4

Young Brent Foundation

Notes to the Financial Statements - continued for the year ended 31 March 2024

11. MOVEMENT IN FUNDS - continued

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 21