Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
**REGISTERED CHARITY NUMBER: 1165871**
## **Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 March 2025**
## **for**
## **Young Brent Foundation**
Grant Harrod Lerman Davis LLP Chartered Accountants Second Floor, Kirkland House 11-15 Peterborough Road Harrow Middlesex HA1 2AX
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Contents of the Financial Statements for the year ended 31 March 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|7|
|**Independent Examiner's Report**||8||
|**Statement of Financial Activities**||9||
|**Balance Sheet**||10||
|**Cash Flow Statement**||11||
|**Notes to the Cash Flow Statement**||12||
|**Notes to the Financial Statements**|13|to|22|
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Report of the Trustees for the year ended 31 March 2025**
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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.
Page 1
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Report of the Trustees for the year ended 31 March 2025**
## **ACHIEVEMENTS AND PERFORMANCE Charitable activities**
The context of this financial year
In 2024/25 Brent's children and young people have continued to struggle in the aftermath of the cost-of-living crisis and the pandemic. As one of the most deprived boroughs in London, the inequality gap has deepened and expanded during this time. Nearly 4 in 10 children live in poverty, driven primarily by high housing costs, Brent is consistently above London (35.2%) with rates between 39.5-40.9%.
Temporary accommodation use has surged by 44% since 2021, with 3,194 children affected, with a high demand for support services with 34,000 on housing waiting lists vs 650 homes annually. We hear from young people and our members of the impact on children and young people who experience temporary housing - educational disruption, lack of study space and long school journeys, increased anxiety and mental health problems. 68% of school staff report more children don't have enough money to buy adequate food.
For young people in Brent experiencing poverty, housing instability and violence exposure (high crime wards) - the impacts multiply exponentially, creating toxic stress that shapes lifelong trajectories.
Our members tell us that while need is increasing, their access to core and even project funding is decreasing. It is not surprising therefore that over a quarter of members feel concerned about the future of the youth sector. Research consistently demonstrates that stable relationships, basic needs support, educational advocacy and trauma informed care are the most powerful protective factors against lifelong negative outcomes.
In 2024-2025, Young Brent Foundation reaffirmed our status as a linchpin of youth empowerment, capacity building and cross sector partnership in one of London's most diverse and socioeconomically challenged boroughs. Through stewarding significant resources, advancing cultural competency and launching collaborative programmes with a sharp focus on intersectionality and youth -led practice. This report details the income, outcomes and stories underpinning our work.
Grantmaking and Investment in Community Capacity
Small Grants Programme: £210,000 distributed to grassroots initiatives, supporting direct benefit to children and young people, especially in deprived or underserved neighbourhoods.
Consortia - led Mobilisation - £1,000,000 leveraged for collaborative, system wise projects such as violence reduction, creative industry access and local economic integration.
Operational and Capacity Building: Approximately 15% of income dedicated to upskilling small grassroots organisations.
- 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.
- £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.
- Youth Futures Foundation - Peer research model to understand structural barriers to employment for marginalised young people in Brent in partnership with Brent Council, MTVH, Hyde and Peabody (£268,533.36) over an 18-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)
Unlocking funding into programme and services for children and young people
- Creative People and Places, Arts Council England (ACE) £750,000 over 3 years
Page 2
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Report of the Trustees for the year ended 31 March 2025**
- Church End Anchor Project - £913,000 x 10 years (L.B. Brent)
- Arts Council England National Lottery Place Partnership - £550,000 over 3 years to enhance opportunities forchildren to engage with arts and culture while creating new career pathways for young people.
## **Programme Impact Summary**
## Flourishing Futures
Flourishing Futures is a flagship peer-led research and leadership project empowering young Brent residents (16-25) to highlight and address barriers to employment and shape policy responses. Partnering with Brent Council and leading housing associations, it stands as a local example of youth - driven change under the national Connected Futures (Youth Futures Foundation) umbrella.
## Outcomes & Innovations:
- Evidence based advocacy highlighted racial disparities in youth employment, shaping how public and private employers respond to local needs.
- Young people trained and paid as peer researchers and youth employment ambassadors, building real labour market and civic skills, influencing local policy and employer practice
- Flourishing Futures Youth Board ensure decision making is reflective of the lived experience of Brent's most marginalised communities.
Sara Shofique, an apprentice recruited into Flourishing Futures, now bridges Brent Council and YBF, directly designing new youth employment interventions.
## Church End Anchor Youth Hub
The newly commissioned Church End Anchor Youth Hub, managed by YBF for the next 10 years at £846,250, serves as an emblem of locally rooted, co-designed provision for one of Brent's most disadvantaged communities.
## Ambition
Co-design process with local young people and partner (notably United Borders) ensuring programmes reflect lived realities and aspirations, tackling anti-social behaviour and enhancing intercultural understanding.
Provide a safe, creative and enabling environment, supporting pathways out of poverty and exclusion of young people.
Partnership with Brent Council and major funders evidences long term commitment to transformative place-based support.
## ViBrent ( Arts Council Place Partnership)
With £550,000 awarded by Arts Council England, ViBrent unites nine arts organisations - including YBF, Punchdrunk Enrichment, Royal Philharmonic Orchestra and others - t transform the arts and culture landscape for children and young people in Brent.
## **Key features:**
- Three-year plan engaging 7,000 children and young people in creative activities, with targeted outreach to underserved groups.
- Initiatives include free arts provision for primary schools, a borough-wide children's arts festival and skills bootcamps for careers in creative industries.
- Network of networks approach, building peer to peer support, inter-organisational links, extending the impact of both arts and youth sector partners.
Young creatives have accessed skills bootcamps and festival curation roles, one participant described "seeing possibilities in music and theatre I never thoughts were for people like me".
Key Partnerships
Page 3
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Report of the Trustees for the year ended 31 March 2025**
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.
Young People's Foundations - YBF is part of the Young People's Foundations (YPF's), a model set up by John Lyon's Charity to address the ongoing pressures on the Children and Young People sector. YPF's bring together the public, private and voluntary sectors to effect positive change for young people. Based in local communities, each YPF is an independently registered charity, and their services are led by their members and based on the needs and assets of their area. Together they share a common goal - to help create and champion a more impactful, co-ordinated, and sustainable sector to ensure all young people have access to quality support and opportunities.
As of March 2025, Young People's Foundations exist in nine London boroughs and include: Young Barnet Foundation; Yong Brent Foundation; Young Camden Foundation; Young Ealing Foundation; Young Hammersmith & Fulham Foundation; Young Harrow Foundation; Young Westminster Foundation; Young Kensington & Chelsea. Other areas across London are also creating Young People's Foundation.
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 - YBF has contributed to the development of two important strategies, Brent's Youth Strategy and Brent's Employment and Skills Strategy. YBF engaged in regular partnership meetings including LB Brent Early Help, Safer Brent Partnership, Young People's Trust, 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 Peabody Housing - Over the past 12 months this partnership has secured funding from Youth Futures Foundation, to include the research of barriers to employment 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.
## 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, WSF, 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.
From meetings and site visits with some members we can report a year-on-year growth in family engagement and session attendance, with some organisations reporting a 4000% rise in participation due to YBF's capacity building interventions. By partnering with YBF, Unique Community expanded in-school arts and drama sessions, increasing accessibility or under served groups. Peer to peer learning and local facilitator training now drive the next generation of youth leaders.
Page 4
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Report of the Trustees for the year ended 31 March 2025**
## **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 2025, incoming funds of £907,965 (2024: £984,751) were received and outgoing expenditure amounted to £801,438 (2024: £1,284,358). This resulted in net income for the year of £106,527 (2024: Deficit £299,607 ) and net current assets of £234,876 (2024: £130,642).
## **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 £238,560, with £10,193 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 5
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
**Young Brent Foundation**
## **Report of the Trustees for the year ended 31 March 2025**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Board continues to meet formally each quarter with the CEO. 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.
- J. Burey
- G Bhattacharya
- I Burbidge
- P. Mitchell
## YBF team
I would like to specifically thanks the YBF team for their work over this financial year and for their continued passion and dedication in making all of the above possible.
- Chris Murray - CEO (May 2019 - January 2025)
- Maxine Willetts -Interim CEO (January 2025-)
- Nikita Joshi - Digital Communications Officer,
- Zachary Williams - Grants & Membership Manager
- Sogol Shahgoli - Finance Manager
- Zorka Keszthelyi - Project Support Officer
- Mohamoud Hassan. Supplementary Schools Coordinator
## Trustees, Staff and Young People Awayday
We held our 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 challenging period
- LOOK AHEAD to what YBF will accomplish over the next five years.
The Away day acknowledged key risks regarding the Anchor Youth Hub. However, we also acknowledged our strengths in building relationship and managing significant resources as well as generating collective impact through over 100 partnerships.
Apart from the founding 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.
## **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 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 impact of the pandemic, 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.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1165871
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Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
**Young Brent Foundation**
## **Report of the Trustees for the year ended 31 March 2025**
## **Principal address**
4B Excelsior Studios 17-19 Sunbeam Road London Middlesex NW10 6JP
## **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)
## **Independent Examiner**
Grant Harrod Lerman Davis LLP Chartered Accountants Second Floor, Kirkland House 11-15 Peterborough Road Harrow Middlesex HA1 2AX
11/21/2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ J Burey - Trustee
Page 7
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **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 2025.
## **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 Second Floor, Kirkland House 11-15 Peterborough Road Harrow Middlesex HA1 2AX 11/24/2025 Date: .............................................
Page 8
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Statement of Financial Activities for the year ended 31 March 2025**
|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
£
229,161
-
229,161
236,022
(6,861)
17,054
10,193|Restricted
funds
£
678,804
-
678,804
565,416
113,388
114,979
228,367|2025
Total
funds
£
907,965
-
907,965
801,438
106,527
132,033
238,560|2024
Total
funds
£
984,519
232
984,751
1,284,358
(299,607)
431,640
132,033|
|---|---|---|---|---|
The notes form part of these financial statements
Page 9
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Balance Sheet 31 March 2025**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
8
3,684
**CURRENT ASSETS**
Debtors
9
116,240
Cash at bank
2,296
118,536
**CREDITORS**
Amounts falling due within one year
10
(112,027)
**NET CURRENT ASSETS**
6,509
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
10,193
**NET ASSETS/(LIABILITIES)**
10,193
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
258,082
90,835
348,917
(120,550)
228,367
228,367
228,367|2025
Total
funds
£
3,684
374,322
93,131
467,453
(232,577)
234,876
238,560
238,560
10,193
228,367
238,560|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|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 11/21/2025
............................................. J Burey - Trustee
The notes form part of these financial statements
Page 10
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Cash Flow Statement for the year ended 31 March 2025**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Interest received
Net cash used in 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**|2025
£
21,514
21,514
(4,348)
-
(4,348)
17,166
75,965
93,131|2024
£
(246,108)
(246,108)
(2,356)
232
(2,124)
(248,232)
324,197
75,965|
|---|---|---|
The notes form part of these financial statements
Page 11
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Notes to the Cash Flow Statement for the year ended 31 March 2025**
## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**OPERATING ACTIVITIES**|||
|---|---|---|
|**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Increase in debtors
(Decrease)/increase in creditors
**Net cash provided by/(used in) operations**|2025
£
106,527
2,235
-
(45,138)
(42,110)
21,514|2024
£
(299,607)
785
(232)
(176,283)
229,229|
|||(246,108)|
## **2. ANALYSIS OF CHANGES IN NET FUNDS**
|At 1.4.24
Cash flow
At
£
£
**Net cash**
Cash at bank
75,965
17,166
75,965
17,166
**Total**
75,965
17,166|31.3.25
£
93,131|
|---|---|
||93,131|
||93,131|
The notes form part of these financial statements
Page 12
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
**Young Brent Foundation**
## **Notes to the Financial Statements for the year ended 31 March 2025**
## **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**
|Grants
Grants received, included in the above, are as follows:
Brent Goes Wild
Violence Reduction Unit
Elevate Fund Small Grants
Other grants|2025
£
907,965
2025
£
57,922
-
100,000
750,043
907,965|2024
£
984,519|
|---|---|---|
|||2024
£
72,679
381,300
100,000
430,540|
|||984,519|
continued...
Page 13
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Notes to the Financial Statements - continued for the year ended 31 March 2025**
## **3. INVESTMENT INCOME**
|Deposit account interest
**4.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activites
**5.**
**SUPPORT COSTS**
Charitable activites|Direct
Costs
£
799,203|2025
£
-
Support
costs (see
note 5)
£
2,235|2024
£
232
Totals
£
801,438|
|---|---|---|---|
||||Finance
£
2,235|
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
**Charitable activities**
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|Total
funds
£
984,519
232
984,751
1,284,358
(299,607)
431,640
132,033|
|---|---|---|---|
continued...
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Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Notes to the Financial Statements - continued for the year ended 31 March 2025**
## **8. TANGIBLE FIXED ASSETS**
|Fixtures
and
fittings
£
**COST**
At 1 April 2024
756
Additions
4,348
At 31 March 2025
5,104
**DEPRECIATION**
At 1 April 2024
756
Charge for year
1,450
At 31 March 2025
2,206
**NET BOOK VALUE**
At 31 March 2025
2,898
At 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|Computer
equipment
£
18,521
-
18,521
16,950
785
17,735
786
1,571
2025
£
172,674
201,648
374,322
2025
£
87,438
32,841
112,298
232,577|Totals
£
19,277
4,348
23,625
17,706
2,235
19,941
3,684
1,571
2024
£
85,613
243,571|Totals
£
19,277
4,348|
|---|---|---|---|
||||23,625|
||||17,706
2,235|
||||19,941|
||||3,684|
||||1,571|
|||329,184||
|||2024
£
138,561
20,429
115,697||
|||274,687||
continued...
Page 15
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Notes to the Financial Statements - continued for the year ended 31 March 2025**
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Brent Goes Wild
LBB Mental Health & Wellbeing
Violence Reduction Unit
Flourishing Futures
Life Coaching
Out of Schools Settings
She is Summit
Barnardo's
Detached & Outreach Kilburn
JLC Narrowboat
LCEP
Duke of Edinburgh
Eating Disorders Prevention and Early
Intervention
Robbery Reduction
Young Female Diversionary Programme
**TOTAL FUNDS**|At 1.4.24
£
17,054
9,075
26,684
59,847
-
9,750
4,660
645
300
4,018
-
-
-
-
-
-
114,979
132,033|Net
movement
in funds
£
(6,861)
34,318
(26,684)
(59,847)
31,542
(9,750)
42,310
(173)
4,928
(4,018)
11,473
29,450
3,541
40,500
5,798
10,000
113,388
106,527|At
31.3.25
£
10,193
43,393
-
-
31,542
-
46,970
472
5,228
-
11,473
29,450
3,541
40,500
5,798
10,000|
|---|---|---|---|
||||228,367|
||||238,560|
continued...
Page 16
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Notes to the Financial Statements - continued for the year ended 31 March 2025**
## **11. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Brent Goes Wild
LBB Mental Health & Wellbeing
Violence Reduction Unit
Flourishing Futures
Life Coaching
Out of Schools Settings
She is Summit
Elevate Fund - Small Grants
Barnardo's
Detached & Outreach Kilburn
JLC Narrowboat
LCEP
AMPACC
Duke of Edinburgh
Eating Disorders Prevention and Early
Intervention
Gambia
Robbery Reduction
Young Female Diversionary Programme
**TOTAL FUNDS**|Incoming
resources
£
229,161
57,922
-
-
152,786
-
122,827
4,900
100,000
15,386
-
16,600
71,373
18,000
3,831
69,000
4,679
11,500
30,000
678,804
907,965|Resources
Movement
expended
in funds
£
£
(236,022)
(6,861)
(23,604)
34,318
(26,684)
(26,684)
(59,847)
(59,847)
(121,244)
31,542
(9,750)
(9,750)
(80,517)
42,310
(5,073)
(173)
(100,000)
-
(10,458)
4,928
(4,018)
(4,018)
(5,127)
11,473
(41,923)
29,450
(18,000)
-
(290)
3,541
(28,500)
40,500
(4,679)
-
(5,702)
5,798
(20,000)
10,000
(565,416)
113,388
(801,438)
106,527|
|---|---|---|
continued...
Page 17
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Notes to the Financial Statements - continued for the year ended 31 March 2025**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Wembley National Stadium Trust
Metropolitan Thames Valley Housing
Neighbourhood Community Infrastructure
Levy - Aspire
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
Harrow School
Kickstart Scheme
Life Coaching
MyPlace - Roundwood Youth Activities
Out of Schools Settings
She is Summit
Training
Elevate Fund - Small Grants
Barnardo's
Detached & Outreach Kilburn
**TOTAL FUNDS**|At 1.4.23
£
15,233
54,856
17,008
30,450
5,362
31,684
28,000
4,075
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|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)|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 18
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Notes to the Financial Statements - continued for the year ended 31 March 2025**
## **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
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
Barnardo'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 19
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Notes to the Financial Statements - continued for the year ended 31 March 2025**
## **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
Metropolitan Thames Valley Housing
Neighbourhood Community Infrastructure
Levy - Aspire
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
Harrow School
Kickstart Scheme
Life Coaching
MyPlace - Roundwood Youth Activities
Out of Schools Settings
She is Summit
Training
Elevate Fund - Small Grants
Barnardo's
JLC Narrowboat
LCEP
Duke of Edinburgh
Eating Disorders Prevention and Early
Intervention
Robbery Reduction
Young Female Diversionary Programme
**TOTAL FUNDS**|At 1.4.23
£
15,233
54,856
17,008
30,450
5,362
31,684
28,000
4,075
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|Net
movement
in funds
£
(5,040)
(54,856)
(17,008)
(30,450)
38,031
(31,684)
(28,000)
(4,075)
(7,360)
(1,000)
(22,602)
(5,000)
(15,000)
(1,952)
(10,000)
(106,791)
41,610
(173)
(118)
(37,602)
5,228
11,473
29,450
3,541
40,500
5,798
10,000
(188,040)
(193,080)|At
31.3.25
£
10,193
-
-
-
43,393
-
-
-
-
-
31,542
-
-
-
-
-
46,970
472
-
-
5,228
11,473
29,450
3,541
40,500
5,798
10,000|
|---|---|---|---|
||||228,367|
||||238,560|
continued...
Page 20
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
## **Young Brent Foundation**
## **Notes to the Financial Statements - continued for the year ended 31 March 2025**
## **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:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|375,233|(380,273)|(5,040)|
|**Restricted funds**||||
|Wembley National Stadium Trust|-|(54,856)|(54,856)|
|Metropolitan Thames Valley Housing|-|(17,008)|(17,008)|
|Neighbourhood Community Infrastructure||||
|Levy - Aspire|13,750|(44,200)|(30,450)|
|Brent Black Community Action Plan|49,455|(49,455)|-|
|Brent Goes Wild|130,601|(92,570)|38,031|
|LBB Mental Health & Wellbeing|-|(31,684)|(31,684)|
|Violence Reduction Unit|381,300|(409,300)|(28,000)|
|National Lottery Community Grant -||||
|Valuing Life|-|(4,075)|(4,075)|
|Disproportionately|29,344|(36,704)|(7,360)|
|European Metal Rec (Community||||
|Research)|-|(1,000)|(1,000)|
|Flourishing Futures|185,841|(208,443)|(22,602)|
|Green Neighbourhoods Youth Climate||||
|Change|-|(5,000)|(5,000)|
|Harlesden Action Zone|45,000|(45,000)|-|
|Harrow School|-|(15,000)|(15,000)|
|Kickstart Scheme|-|(1,952)|(1,952)|
|Life Coaching|-|(10,000)|(10,000)|
|MyPlace - Roundwood Youth Activities|46,476|(153,267)|(106,791)|
|Out of Schools Settings|122,827|(81,217)|41,610|
|She is Summit|4,900|(5,073)|(173)|
|Training|-|(118)|(118)|
|Elevate Fund - Small Grants|200,000|(237,602)|(37,602)|
|Early Help Detached and Outreach|8,400|(8,400)|-|
|Barnardo's|30,386|(25,158)|5,228|
|Detached & Outreach Kilburn|14,084|(14,084)|-|
|JLC Narrowboat|17,464|(5,991)|11,473|
|LCEP|78,750|(49,300)|29,450|
|Playzone|21,895|(21,895)|-|
|AMPACC|18,000|(18,000)|-|
|Duke of Edinburgh|3,831|(290)|3,541|
|Eating Disorders Prevention and Early||||
|Intervention|69,000|(28,500)|40,500|
|Gambia|4,679|(4,679)|-|
|Robbery Reduction|11,500|(5,702)|5,798|
|Young Female Diversionary Programme|30,000|(20,000)|10,000|
||1,517,483|(1,705,523)|(188,040)|
|**TOTAL FUNDS**|1,892,716|(2,085,796)|(193,080)|
continued...
Page 21
Docusign Envelope ID: 7A863996-9EFC-4153-B00F-061BB93A4A26
**Young Brent Foundation**
**Notes to the Financial Statements - continued for the year ended 31 March 2025**
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2025.
Page 22