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← Hyde Young Peoples Enterprise

2025-03-31-accounts

Hyde Young Peoples Enterprise (HYPE) Charity Number: 1167273

Trustees’ Annual Report and Financial Statements For the year ended 31 March 2025

Trustees’ Annual Report

Objec'ves and Ac'vi'es

Hyde Young Peoples Enterprise (HYPE) exists to support young people, par8cularly those who are NEET (Not in Educa8on, Employment or Training) or at risk of becoming NEET, by providing access to opportuni8es they may not otherwise have. The charity delivers safe and inclusive spaces, wellbeing support, outdoor and physical ac8vi8es, youth led enterprise opportuni8es, and early interven8on support to help young people build confidence, develop skills and progress towards posi8ve futures.

Chari8es Act 2011 to have due regard to the Charity Commission’s guidance on public

Achievements and Performance

During the year ended 31 March 2025, HYPE delivered a weekly youth hub suppor8ng over 75 young people, providing a safe and welcoming environment with food, wellbeing ac8vi8es and informal support.

The charity expanded its wellbeing, outdoor, and physical ac8vity programmes, with its weekly sports ini8a8ve aSrac8ng over 45 young people every week. The Charity con8nued to develop youth led entrepreneurship ini8a8ves, including the planning of a youth market ac8vity and crea8ve mural project that is youth led.

HYPE also strengthened its research and partnership work with organisa8ons including Youth Futures Founda8on, Base X, Yuvanis, and RSI, and AoK, contribu8ng to evidence-based approaches that address barriers faced by young people at risk of becoming NEET.

Structure, Governance and Management

Hyde Young Peoples Enterprise (HYPE) is governed by its trustees under its governing document. Trustees provide strategic oversight, ensure financial accountability, and maintain responsibility for safeguarding and compliance. The charity is volunteer led and operates with appropriate safeguarding, financial and opera8onal policies and procedures in place.

Risk Management

include safeguarding, financial sustainability, and capacity pressures due to increasing demand for services. Appropriate safeguarding procedures, financial controls, and monitoring processes are in place to manage these risks.

Financial Statements

Financial Review

received total income of £32,884 . All income received during the year was restricted funding , awarded to support specific charitable ac8vi8es aligned with the charity’s objec8ves.

Total expenditure for the year amounted to £30,095 , incurred wholly in furtherance of the charity’s charitable purposes. Expenditure primarily related to youth hub delivery, food provision, wellbeing and early interven8on support, outdoor and physical ac8vi8es, youth engagement projects, consulta8on ac8vity, and associated opera8onal and volunteer costs. The net movement in funds for the year was £2,789 .

Summary of Receipts and Payments

Category Amount (£)
Total Restricted Income 32,884
Total Expenditure (30,095)
Net Movement in Funds 2,789

Reserves and Funds Posi'on

Total funds brought forward at 1 April 2024 were £18,196 . A^er accoun8ng for the net movement in funds during the year, total funds carried forward at 31 March 2025 were £20,985 .

As all income during the year was restricted, the balance carried forward relates to restricted funds to be applied to future project delivery in accordance with funder requirements.

Policy on Reserves

As the charity’s income during the year was fully restricted, HYPE does not currently hold significant unrestricted reserves. Any funds carried forward at the year-end remain restricted for future charitable ac8vity.

The trustees recognise the importance of building unrestricted reserves over 8me to support organisa8onal sustainability, manage cash flow, and ensure con8nuity of essen8al youth services. The reserves policy is reviewed annually.

Principal Funding Sources

The charity’s income during the year was primarily derived from grant funding. The trustees would like to thank the following organisa8ons and partners for their generous support:

Going Concern

an8cipated future funding. They have not iden8fied any material uncertain8es that would cast significant doubt on the charity’s ability to con8nue as a going concern and believe the charity is well placed to con8nue delivering its ac8vi8es in the foreseeable future.

Statement of Trustees’ Responsibili'es

statements in accordance with applicable law and regula8ons. They are responsible for keeping proper accoun8ng records, safeguarding the charity’s assets, and taking reasonable steps to prevent and detect fraud and other irregulari8es.

Approval

This report was approved by the Board of Trustees on:

Date: 05/11/25 Signed on behalf of the Board of Trustees:

Name: Kobir Uddin Role: Chairperson

HYDE YOUNG PEOPLES ENTERPRISE- 1167273

CHARITY Accounts

31 March 2025

HYDE YOUNG PEOPLES ENTERPRISE- 1167273

Accountants

NURBHAI & CO

189 MAULDETH ROAD

MANCHESTER M19 1BA

Registered Charity address

5 PARSONAGE STREET

HYDE CHESHIRE SK14 1DP

Hyde Young Peoples Enterprise (HYPE) Charity Number: 1167273

Receipts and Payments Accounts For the year ended 31 March 2025

Receipts and Payments Account

Receipts and Payments Account
2025 (£) 2024 (£)
Receipts
Grants and dona8ons
 32,884 18,787
Total Receipts
 32,884 18,787
Payments
Food and consumables
 15,015 –
Room hires
 1,972 –
Equipment costs
 1,853 –
Insurance and fees
 974 412
Accountancy, legal and professional fees 150 –
Event expenses
 1,320 –
Consulta8on fees
 7,625 –
General expenses
 1,186 179
Total Payments
 30,095 591
Net movement in funds
 2,789 18,196

Statement of Assets and LiabiliSes As at 31 March 2025 and 31 March 2024

2025 (£) 2024 (£) Assets Cash at bank and in hand 20,985 18,196 Total Assets 20,985 18,196 LiabiliSes Trade creditors – – Total LiabiliSes – – Net assets 20,985 18,196

ReconciliaSon of Funds

ReconciliaSon of Funds
2025 (£) 2024 (£) 2025 (£) 2024 (£) 2025 (£) 2024 (£)
Total funds brought forward 18,196 – Total funds brought forward 18,196 – Total funds brought forward 18,196 –
Net movement in funds
2,789		 2,789 18,196
Total funds carried forward 20,985 20,985 18,196

All funds carried forward at both year ends relate to restricted funds , to be applied in accordance with funder requirements.

Notes to the Accounts

1. Basis of AccounSng

The accounts have been prepared on a receipts and payments basis in accordance with the Chari8es Act 2011 and Charity Commission guidance for smaller chari8es.

2. Restricted Funds

All income received during the year ended 31 March 2025 was restricted funding provided for specific charitable ac8vi8es. Funds carried forward at the year-end remain restricted and will be applied to future project delivery.

3. Trustees

The trustees who served during the year were: Kobir Uddin Kyle Jason Armstrong Jumaimah Islam Mohammed Abdul Amin

Trustee Approval

ensure that the financial statements give a true and fair view of the charity’s receipts, payments, and financial posi8on.

Signed:

Name: Kobir Uddin Role: Chairperson Date: 05/11/25