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:
- 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.
- 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.
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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**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
## **Multi-year grants for activities/outcomes**
- The £750,000 for the My Ends London Violence Reduction Unit (VRU) programme, which has been extended through to 2024. This is a unique consortium involving Young Brent Foundation, local young people and three of the country's largest housing associations - Metropolitan Thames Valley Housing, Hyde Housing and Catalyst-Peabody Housing.
- The Raheem Sterling Foundation - The £65,000 2-year funding of the Brent Goes Global Project, secured through the ongoing relationship with the Raheem Sterling Foundation, to support young people on an overseas volunteering programme of learning. Year one will see 15 young people travel to Jamaica, with delivery supported by Bang Edutainment
- The Raheem Sterling Foundation - A further opportunity to support young people with aspirations of getting a career in multi-media through the masterclasses at TalkSport Radio. 16 young people per year over the next 2 years, will benefit from the series of masterclasses and insights
- £100,000 x 6 years via John Lyons Charity - Vital long-term support and commitment from John Lyon's Charity to provide core funding, which enables YBF to thrive locally.
- £100,000 from Historic England, Harlesden Heritage Action Zone to look at community life through the lens of art and culture, exploring the journey through the lens of young people in Harlesden to reshape and reimagine the High Street.
- Youth Futures Foundation - Peer research model (£268,533.36) over a 16-month period.
- John Lyon's Charity - Home Community School Grants £200,000 over 2 years.
- John Lyon's Charity - Local Cultural Education Partnership (LCEP) - £45,000 x 3 years.
- John Lyon's Charity - Out of School Settings - £70,000 x 3 years (in partnership with Young Camden Foundation) Tendering/bidding for contracts and Commissions.
- Church End Anchor Project - £913,000 x 10 years (L.B. Brent).
## **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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Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4
## **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.
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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**
## **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
- 5 core employees in this period: a
- CEO
- COO
- Digital Communications Officer,
- Grants & Membership Manager
- Finance Manager
## **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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Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4
## **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
Page 9
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
Page 10
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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Docusign Envelope ID: DB0C1E2B-3D99-49F7-AC1C-4139DBC072A4
## **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...
Page 15
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