Charlty Roglstratlon No. 1169255 YOUNG WESTMINSTER FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
YOUNG WESTMINSTER FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trugt••s N Daly F Chowdhury C Archibald (Appolnted 14,OGtober20201 J Ro8ènb8rg H Taouzzale K Scarborough B Bickell Chalr N EFdly Charity number 1169255
YOUNG WESTMINSTER FOUNDATION CONTENTS chairm,* slaiemert Trustees, report 2-15 IndeperKlent auditofs Tepyt 16-18 statement of finandal acliwl 19 Balance sheet staement ofcash fltr 21
YOUNG WESTMINSTER FOUNDATION CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2021 11 has been a challenging y&r for the FrAKlation the wider TAthJ dcmnd by the cxJrDnavirus pandemi The wdemicand the assocaated hxkdown has bwht SIgrtcharV to ourfves, the needs ofour memb organIsati5, of yOLmg people our staff. The Foundation has adapted and Te4)Ored to ts Farblemic with 8g1ty wliS1j digita indusion for young people. capacity buitding of mem Organisati5 trj sustaining seNics and brirMJing in new revenue streaff lo support the sec&w. It was en))uragin9 to see the c¥eati¥e reSpor Olaborat acro¥s Westmirtster communtty. T FJndation adapted Se1 to dL meetings fN wthers and webinars trj support development. YWPS most signifant prcprt in resFth8e to Ihe pfjrKlenM¢ has been our Digul Futtjres Project whith requir¥d the team to mobili5e a large scale COMM wopct in partnerthp ryth Wesimlnster City CouncAI whith culmlnat8d in distributing 1874 to young people and fan11 in Westminster. Th& Digltsl Fuiures proje¢t contrbuted to Ihe %gnificant inueasè in owtumover fr( premous yearswmping over the £1 m mark. Collaboration. fleXI"ty and Trnnovation contirKR kn be at the cerrtre of our Mwk. c(4l1rati0n has been mwe iryortanl than ever for YWF, we ccffiThitted to be part of the Lon(kn Furbjèrs resrY)ns8 and collaborated very dosely with Westsninster City Councql. the Mei Pol cur 50 + 1yJsir patrrg over the last year. Tha infrastructLTe of Westminsterfs youlh hubs has CCA)t#JJgJ to develop over the last year th YWF laklNJ Fivotal role to leadin9 the regular steering grp in parrshiP with We5trrTinster Cty Council, bringing in in new partners Vorthng stralegicxlty wilh the Westrninster Fc4Jndaticffl to enswe core fundirNJ and sustainty. Our team grÈwto 7 8mployees overthe lastyearith enW¢Jyeesic4niTrJ the team boosting ourexp8rtise and capaaty in the areas of digitral gngageW markng. and serK•us youth violence. We have also had thanges on our Board with Wa8wnaryJ sh nTh)virrfJ on and a re4Vtrustoe joining Car(A Archibaldwho Lvings wealth of experience and praciicÈ in youth wcrfk tc•. The Fcwndatl( Contin to Iksten and expttre the issues frdcad by kJc41 y¢xmg people and youth organi8ations. In March this yearT4ye published our rwaN)r reFrt Cv Cty, Our FLrture. vthich vms the cMInati of an 18 nKnth research sludy and needs arAly%s. Emergiro theThEs frc¥n the report fo on health and wellbeing, employmont and youth SLfAa acticfi. The cls to adion in the rep wll guide our work into the next year and be. Key priorities for the rxrring year include wOrktr de0pMrt for youth worker% growth of our digital offer through the Our Citywebsile, consuttation and consortin developnwl addresslng seriou$ yQLrth violen d transitions projects for thilthen momng bets¥een schcd3. I'd like to thank the team. OLftrustee5, fuNlers and pkn and look forwafd to working tcNJether overthe conmng year. Chalr Dated..
YOUNG WESTMINSTER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Report oftho Trustees The Iruslees present th8ir report financaal 8t8tsm8nts for the finan¢i81 p8riod Df 12 months endad 31 March 2021 confimi Ihey comply with the requiremen18 of lh8 Charities Act 2011, the tnJ8t deed and th8 Charibes SORP IFRS 1021. Lègal Strurtur• Young Wesimlnster FOUndaOn FoUndaOn") Is a r•g18tered Chty, number 1169265. Itwas reglstered the Charitie8 ComnN8sion in Septernber 2016. ccntstituted as 8 Charitable In¢orpor8led Org8nlsalion (CIO). Our Trust••8 YWF is governed by a skllled and enlhuslastlc team of IrusleeB th a mix of prtvale, publlc and trurd 8ector experl8nce. The board l¥ made up of 9 Iruslees, our trustees are detsiled below., N•ll Daly, Chalr. Global Head of Eryloyer Brand Manager for BakerHughg$- Neil lead¥ the 8lralggiG developmgnt of YWF worklng closely wllh the CEO. Jackle Rosenberg, Foundlng Tru8tse of th8 YWF and Vlctr Chalr. CEO of One WeBlmlnstsr and Deputy CEO of Paddinglon Development Tru¥t (YWF Member), extenBive knowledge and experlence of Ihlrd, ¥ector In Westminster. F&hmlm Chowdhury. YWF Tr8a8urer. F8hmlm18 8 Managerrfinl Accountant at McKln8ey & Co. A6 9 young man hawng grown up In Central London, Fahmlm often goes Inta local Behoo18 to gfv•.Insplrational talks about his experlencgs. Rachfjl AkehuTsI, Trustee. CEO of Caxton Youth Organl88tlon, A charfty delfvertng S¢14115t youth work provl$lon for young people wlth dlsabllitles (YWF Member). Counclllor Karèn Scarborough, Tru51eè. Depuly Cabinet Member for tho Envlronment In We8lNAnsterCIty Councl. Karen Support tho ev&nts workstr&8m And neknrklng into tho COTporato sector. Coundllor Harnza Taouzzale, Trusl•e and Young Ambassador - supporng the YA Team and th8 CEO wh business ongagamenl. Brian Bickell, CEO of Shaftesbury PLC. Brran is a resident of WeslminBter and bringB exten8ive strategic experience. Carol Archibald, Head of Youth Work at Avenues Youth Project. Carcl 18 a Westminster resident and brirwJ8 a wealth of experience through her youth vwork practice. Public Benofit The Iruslees have complledwlih thelr dutyto have due regard to the Chaty Commission's Publlc BenefitGuid8nce IPB1 the Publlc Benefit Requlrement. PB2 Publlc Benefit Running a Charity alld PB3 Public Benerrt Reporltngl when exerc4sing powers Dr duties to which the guidance is relevant. Tho financial ststem8nts have bgen prepared in aclxrdance with thg a¢tt)unbng policies 8et out in note 1 to the financtal 8tatemenls and comply with the Young We8tminsler Foundalton's Igoveming dccumentl. the Charities 2011 and"AGcounting and RopDrting by Charities- Stalementol Recommended Practice applicable to charitie5 prepariny their accounts in acrd8nee with the Financral Reporting Stsndard applicable in the UK and Republic of Iroland IFRS 102) laffectlve 1 January 2019)"
YOUNG WESTMINSTER FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 ObJecttVtrB and acYvltle4 Vljlon For all young people in Weslmin8lEr grow ) healthy, Safe and happy with thè best opportunllle8 for brfghter future8. Mlssk+n Young WestTnlnster Foundation Is a cross-sector partnership which connecis our members (youth dubs and children'g charities>, fundlng partners, buslnesses and $lrolegic pathers lo shapa.opportunitiè8, brokèr n•w funds and cat• th8 bèst 8ervlce$ for Chlldren and young pgople In We$lminster. Thi8 will impact young people lrt Westminster wth better outcome8 around heallh and re511ienGe. staylng Bale vAth 8ucce38 in èmploymanl, educallon and better Sla1 mobility. We aro part of the Young PeopleB Foundatlon (YPF) model, worklng alongside rI8Y fomed place based foundalons In other London Borough8 wlth furKilng from John Lyon's Charity lo lead thé Chlldrèn and Young People's 8eclor. Context YWF exists to PO8ltively Impact the1Sves of the 71000 young poople of We8trnlnster, vla our mèmber & partner organisations. We were est8bll6h•d agaln81 the context of Gornment cut8 to fundlng resultlng in youth organl8aUon8 golng out of existence. a reduction in thè number and capa¢lty of youth w¢rkers and frgmentallon of 8oNlca8. We have a'¥trong Infrastructure of hl8torlc youth in Westmln81er and we ara now working dosely wllh a cor• of youth ¢lubts to bulld a n6w partnershlp louwhor to rnbulld core ¢pacity, lo bld for grants and avold fvrther olosures. Thare Is a hldden need In We8tmln8ter, wlth 80me of th• largest lllcomè, wealih and hèalth thsparS1i88 In th& Gapil•l. Westmlnster Is the borough wllh Ihlrd hlghest rates ol thlld poverty In London. Supporting local gr888-rools, cr08 sector and sustainable solutions en8ure8 the We8tmlnster youth $8ctor thrlv88 and all young people are happier, 8afw, h&aMhler & mor• ambltl¢)u$. Strbteglc Oble¢tlv What? SupForting youth organlsatlons bgcome Thre effiaenl and effectlve Ihrough tralning, Infcffmalion sharing. advice. netsvork8, r88•arch and advoeacy Supportlng cross-geGtor collaboration. brokering p8thershlps b•fvMen members, bu$lnes8 partnpr8 4nd strat8glc partne Increase long lemi fundlng into the youth Sector in Westminster thrpuyh con80rtia grant applications. orpoTale investment and indlvidual philanthropy Maintain and sustsin ourselves as a resilient. informèd, go-to organlsatlon for fund8r8. buSInO3. Westminster City Counril and other $18keholders for locsl expertise and knowledge of sÈctor We are committed to giving childrèn and young people a vuice in leading the YWF model, through peer research. consultation aTrJ seNce deslgn.
YOUNG WESTMINSTER FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Grant DAaking Policy YWF rLns an annual grants programme called Brighter Futures Fund. Our approach is to bring together funders, the loral authority and corporatES to eo-invest ndS into a single grants programme to prDvide an effieienl funding me¢hani$m for member organisations within Westminslèr. In 2020r21 YWF brought together 11 funders (Colas Rail. Landsec, Shaftesbury PLC. The Mercers. Company. St Giles & St George, Howard De Vvalden Estate, Great Portland Estates. Capco. Total Media and Lcor) to give out 21 grants lotaS1ing £320.000. Qw approach for grant making includes an applicatlon process for our member organisations YAlh due dS1igence undertaken by our Grants and Evaluation Manager followed by rgcommendations lo an indepenrlent grants panel wiu) p8rticipalion from funders, young people 8nd strateglc partners. YWF also runs a small grants programme for Supplementary Schools. In 2020121 our grants programme has promdèd 7 grants to supplÈmenlary sthools in the borough tot8111ng £24,540. Commissioned Programm&s-wh8ra the local aufhority or othér statutory partners commissions YWF our approach is lo then commission ourmember organisalons to deliver activities. YWF will aayS enter into a Semce Level Agreomenl with the slalulpry partnpr and then put in place agreements with ourgranteBs. Examples of LyJrnmi55ioned progra¥e5 InduLle Prevent, Sthoo18 Transitions Project and CFwrch Street Transitions Pilot. Where grants are £1 Ok or above. YWF will enter. into a grant agreement th grantees and for amounts belowthen a letter ¢f agreernenl. I grts are overseen with monltorfng, evaluallon and project $it$. This 1$ recorded on Beacon, our CRM system. The tnjstees have paid due regard to guidance issued by the Charity Commisslon in decidlng what acfniities the YouThJ Westminster Foundation should undertake. Needs Analy$i$- Our City. Our Future Our City, Our Future is Young Westsminster Foundation's 2020121 rèds analysis covering the issues and experien9 of young people growng up in Weslmlnster over the past year. To produce this repor( we worked wIth a tralned group of 10 young people 8s peer resear(l)ery&, in addition to hearing from youth workers and practitioners through a series of online focus groups. Gonduthd in partnership wth Rocket Science, Partnership for yng London and King's College London's MSC in Publir Policy & Managem?nt Prugramm?. Following on from A Clty Wthln A City in 2017, w¢ havo been able lo capture InsS9hts Into the areas of ltte that matter most to young people today. with emerging focuses on employment. mantal héalth & lIbeing, social action and acc8ss to inforniation on local seTWCaS. Import8nUy, it has 8180 shNin u$ that despite a challenging ye8r, young people in Westsninster are optimistic for their future. Thls report selves as a tool for the wtder Westminster communty including YWF'S 100+ member organisations, business partners, Weslminsler City Councll. Mel Police and NHS to collaborate and to op8n a conversation at the ne$ of young people and ad together.
YOUNG WESTMINSTER FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Youth Worker Insight dur]ng Covld-19 lockdown Bl-weekly Worksho We held wth youth workers working across W6Stminsler to expjore thè impacts of cod- 19 ¢)n young people throughout th8 various phases of the pandemic. Between May and July 2020, youth workers were asked to put forward the topics that they felt were most pre¥sin9 for young people e.g. youth mental health or continuing studies remDtely. Four themed workshops were held over a pèripd of ght weeks, with findings Wfttten up in easy-to-read short reports whlch were urculated amongst YWF partners and members. Work3hups covered various topics Indudlng: Acc8 to educ81ion Povety and access to food Youth rceptionS of Covld-19 Youth.mental health Physi¢al health. eating and exerci80 Sleep and routlnes Access to public spaces Youth voice and actio Experience of trauma Relationshlps and social 8kills Our Membe Our m•mbers Tange from large Youth Clubs to smaller gra88 root$ organlsalions. Driven by their passion to providè support services that will give life thanging $upportto Westrninsterfs young people. Members have sperAalrst skills in a range of Interestarea5 like art3 or sports and arefocused on providing young peopl8 with educational and vocatiunal adMtie8. youth enterprise, Iralning opportunilles. tthY lrfe5tyles and nutrition. By August 2020, we have loined up 105 organisations as members of YWF. (Xjr core youth cbjb partners In Weslminster are.. Fourth Feathers Marylebon8 Banglade$h Society Avenues Youth Project North Pad(Inglon Youth club ChuiEhill Gar¢Jens Youth club (Working with Men) AmWey Youth Club (Work¢ng with Men) St Andrews Youth Club Pimlico Foundation
YOUNG WESTMINSTER FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 OUT vAder members indLth: Arts and Mla fr>2wed menknws indude P•Jdingkn Arts. Dreaffth, P Intercultural. Union Dance. You Press. The Screw) Ci)mmLmty Mousetrap TheatrÈ. Health focussed merths include AqlrKI, Kqy fnr£ Adpft and Surwt 8rKI Advice on Sexual ktNe (SASH). Educatlon fccus$ed eMberS indude the Floating aossroom, Doorstep We$lJninster Children's Univer&ty, LangLiage in thè Communty stjpplemèntary schocAs sh as Al Ola. ports and play forAwJed members dJe Greer1 Sw)its. Lon(h)n Tigers, Pro ToLth CIC, StJohn'sWood Adventure Playground and London Basketball As5watiC. Houslng a550clatlon nners irKgLKle Peat0 C0Thwty FourKlalion. City West Homes and the Octavia Foundabon. Genernl communlty and famlly servlc•s focussed menkn Ind the Abbey Corrrnunty Centre. Paddingion DevelcFrnent Trust, Weslbourne Park FaThwly Centre. StVwKerfs Fanily aJKI Cardinal Hume Centre. Youth Justice focusEed members ta¢ling yath Violer indude Redttrd. Worlung vAth Men. Victirn Supwrt and Peer Power. Mombetship Offèr COThIMUNICATIONS Our mbershIp offer ntreS around communicaon& nets•ANking. partnerships. Caplty b1Thj and fiJnding. Over the period we have held qu¥ierfy members. neiworkirJ events including at the Donmar Theatre. We are grateful to OLf partners for hosting. Te events are an opp1Th fcy us to share update5 on Ihe Foundation. for gu&st speak8rs and for Flenty of time for neknrking and parknership buitding opportltieS. FUNDING havè differènt approath•s tts SL5ppJn9 mÈft&rÈ wilh fun<lryJ. This thrOh con#ortiunV partnèr8hip bids for fundiThJ for eXame a n90rburn Ixd to Nationa Lottery CorTYnunty Fund, through prograrM*S such as our Maslwng IAY Futsre Progwtmw and throLth wr gr8nts rxogramm. Brlghter Futures Fund Young Westminster Foundati¢ is delighted to that we aw¥ded 21 gr totatlng £320.000 to yotrth organisathjrts across Westminster as ofthè sÈ&ind round ofthÈ WÈstmrfer Brightèr Fulls.FUrt, in partnership with Westsnlnsler Cty Counal. This InveStn wfjl spt We5thnsterfs young people their families overthe coming 12 mnths. Supplwnentary S¢h¢¢ls Our grants programme has rrnidèd 7 m to wjemntary s&#yJs in the ixyough tl]ing £24A40. Our G1$ an¢J EvUation Manager provides a (xxrthftatw rde. ad4ryce and swport fortlis provision.
YOUNG WESTMINSTER FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2021 Our Impact- Allember Survey This yearwe c3Jnducted ourfiFStannual rrmibers smw. As a membership ganisation, 0 mentsr5 are ¢Jucial to our work. We ¢annot do we do With our onwro CYbllab¢¥ation the contirwed support of our members. The suNey SOLight lo help us understand the ways in whTrch tailor and enhance the support thal we offer. We want to know sattsfied memlxrs are with our Se. and gaFn insight to help us puipoint our best practices, alongside aS where we rteed to imwove. We received re8pons8s from a third of our merr)eTr. This proved to a realty tnteresting. in5tIU1 and usefvl exerrAse for and ent)rMlY hdps to inform the ofawwork g)Ing fOrWd. The YWF team and board of tN$lees have carefijlty rewewed the da arKI CorTYrnIS re1%d. You can a summary cl we are planning to put ideas into action on our vb. 82% ofYWF Members said ftAtY¥VF was kn extreThth orvwy vUable lor the sectr in Westminster 61% reported that we at48 to tjroker fid for Ir OTgani5ations 69% said that ths extra funthng opened up fvrtheropportunities for your organisation Wè asked vthich c services membws havg nwde use of during the Last , and we 81$0 asked whicaj wv15 YOU Wdlue and need m05t'. Brokering Qppothnes1P3rtnWthps arrfl cdlatoralion btheen rrenthers ¢ walueil nt, by 71% of you This is followed by brC&rj OprtlI18St p¥tsw51Mps bthEen rrthiers and other Ojusinesslstrategicl partners at 65% In essence, creating effective partnerships Is as Ihe Trst iThpNtsrrt fundlm forYWF, rallng hifftrthan training workshops or fundraising efforts arKt SUFWL Spocial Projects The Foundation identifies In pro¥tslon and 1rS t(tyhw partr¥ aThJ funders to adthess issuès and needs. The follu49 pro5ects been iThtted ¥d dÈhrÈd by ow partners over last year Mastering My Future Programme with 1Very partrws 2-3 Dwees. Westminster Befriend a F8wAty and Inspirel Funded Ma the Merc$ Conyany and contitsutions fTCm coorate plners. Outreach Programn- l&J by FUre Wbth ftom the GLA Churth Street Transitivns Programme- led by Future Men with fundin9 from MOPAC and the VRU Prevent-commi$8ionèd via WCC Was awarded to partners for nng projects for'at-risk, your people Schools IndUSnS Project- mèrtoring SUFPNt YWF runs quarterly bus•)oss webinars frJS on nknLMlity, inthsty chalbaw arKI recruitmErrt.
YOUNG WESTMINSTER FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Coronavlrvs R•spon The COTonaM¢us pandemic and 888od8ted Ic¢kd¢y•m has t 8iwtlkat)t thanges to th• worfd, our lives In th& UK. the needs of Our mener organi8atons, of young people and rjjr staff. W8 re$pty fmm March 2020 Included-. Sourced laplL)ps end funds for Lrtality cltsr meetrigs Adapted needs analysis- fr9 gro BUne$S webinars Digital training- capadty bulhjlng for yoth vkWS-Y1Ub&. TrTok, Zoom Wébinars - member binar$.. voice. 81adt Lk¥ès matter, HRI FuilwN legal supporL fundlng, safeguarding Corporate •ngagom•rf(-1gver•Jed add111 fwKls from t11¢8. brokered volunteer8, laplopB Commitment to flexibluty on ourwants lundlng Collaboralon wtth wcc Olgltal Fuiu The Dlglt81 FutuM pWtackl&s dlgltsl exdu8kn In Vle8tiThnthrlhrough an amblt6ous partner•hlp btstween local ¢harlties, bu8lnè88e6 and Klb)ol¥ aiming to PToyid• dovi5 arKI connectity to mMuNItIeS Impacted by CoronaruS. Our goal Is to ensure that no young person in Westnlnsler goes With¢ having acce88 to a computer at home and 8 $labl8 int•m•t connect to inspire their leaming and development The pro)8Ct h88 rn8ult•d In 1874 d8¥ brrfj distributed to dil¢hn fa118$ In Westmkngtertaryetlr4J Ih08e most In need via 47 primary and secondary S(01B. The wc¥ect required thè YWF Team to nbjbllige 818rge scale comm¢r¢ial prolect quickly. YWF pmrAwed a Co[ClaI partner - CoThyutacenler - to Source. thè devie83. Funding was sourced through Section 106 lunds wa Westn$ter Cli y Counal Mih additiongl contributions fmm corporate partners.. CrosverT E¥tgtss £10K. Cayta £IOK. 81ilish LWKI £10K Hovrdrd Da Wah1 Estates £10 E¢0r1d £3K Results ol s¢hool $urvw - Teachers reported Ih81 the devices had a very positive Impact on student'8 attendance, enga9oment even on Ihelr progres¥. Ong sth)ol explaned th"beG8u we knew all children were able to access leaming online. ¥ w•r8 able to provi(lè a very compreh8nslve prowsion to ensure chlldren were ntInuing to leam and slay rnnect to their fiiwxts aThl te8Ctr Ihroughwt this Ilm•. Durfng th• first lock(lown, we dldrt'l have this arKI it has made the biggest (ffere.. Olher posltive effects have been on chiklren's *tlbeing (57% 01 schcth said tsir studenl's 7hpllb8ing hay ncreasedl, on ¥npr¢)ved mml¢abon 166%) relalion¥hips (SYAI betsyeen families and the schoDJ. The devi also all¢¥ed teathers to track thew studenfs presS more easily (57% said this). Two schools also hlghlightèd bètter relationships tsetren pupils ar¥J bets¥e sit&rvJs." '"Parents siblings, wd14)eing has improved-th•re is less stress and tsnsion within the famiw.
YOUNG WESTMINSTER FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Our Buslness Partnern We bjlld long-lem mutually benefKial parthwships wilh bUrsseS. We have a tiwad offer to businasses to partner with YWF. founding pwthers indude: Colas Rall Landsec Capltsl Ar¢has Group {McDonakl'8 frandisel shafte9ry Th• Mercorfs Compgny John L1$ Partnership Clty Welt Homes Re8identl81 Howwd d8 Walden E8tat88 London and Regional Some trwJ8ines8 Partners have sponsored 8p8dfic pr¢gramn8 or events. Another route lo buslness partnershlps and Investment wa8 through so(xal value o)mmltsnents m8d• by W•stmin8ter City Council conlractors. We have Initiated a renovabon projèct for Fwrth Fèalhgrn Y¢>Jth Cb with contracors In¢ludlng Davkl Mlllar Ar¢hitsds and 0sbDme. Vtrgln Group partnered wth us around a project to producè face masks for chlldfen and YWF ha8 distrbuted 500 fxe masks. We 8r• using r sud) as We8lmSn8ler Cty CoLmciI w¢ial value commitments, bu¥ines$ improvement (tistricts ar teanv trustee &yc(lon$ to engagg busing$$es. We look for opportunltle8 lo Ilnk with [porate intwest ar(m uocw moblty, dlversity Indu$lon, tsbnl mal¢h, apprenllceshlps and emF4¢)yee engagennt Ropresentlng th• Youth S•ctor on boards and networks A key part of our role has been to infiuence deciw¢Jn mThJ aThl txing th8 sectar'y voice to bear to ex19ng and new notrrkS locally, London wide Council COMne0$. This h88 Indud•d att•ndance atthe WCC E8rty Help Board, th¥ We8thnster SerwgYouth WlenCe Task Group, London Youih Leaders Group and the NHS Ceniral London Clknkal CorNrf$sknlng Group. Our Fundorn In Addition to Westminster Qty Councl our¢¢ye fLThJers indudg.. John Lyon's Charlty: gives tyants lo benefrt thldren and youTrJ people up to the aoè of25 who Ilve In nine boroughs in norttrA¥est LorKton. The Charil*s mison 15 to promote the lifeanceS of children and yOLmg pecple through ethJc8tion. Clty BTldge Tnmt: is ann of Bridge HI¥ Eslatss. VAS eStabl$hed to make use offvnds surplus to bridge requirements and Fyovides totslfjrvJ £20m per yeartoward$ tharitable actimty benafitting Greater London. rho Mercerfs Company.. a Ivery ¢X•mpany I0Me on bory a for¢8 ph¥anltsopic good. Westmln$ter Foundation.. The ke ofwethnsterfs ctwitablo frAmdatio Thanks to WgstsMOnsler Cty Council arKI all our furmlers.
YOUNG WESTMINSTER FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Strdtegy D&YolopmonV Business Plan We were initially supported by Pilollighl to develop our long-temi strdlegy and bu8lness plan. This ha8 been revi¢wed in 2020 with support from the Cranfieid Trusl. Looklng Ahèad We have several PriOTftres to work through the next year Outreach Programme - work with Future Men. IGXU and youth hubs to secure long temi funding and sustainability. Seriou8 Youth Violence- UnLlertake (x)nslatI[>ll in the NVV of the botDuth arKI Secure a ¢onsortium pol of funding to pro*ide Effective intervention¥. Youth Worker Cornmunity- develop a Workfor developThRnt offer. develop young local talent through train88ships and 8 youth work forum with opportlitIeS for progr8ssiorL Digitsl Indusion furthar collaborats wth Westmtsistér City Council and businèss partnèrs to ensure familiès in W8stmlnster hav• daviees aNI aré connècted. Employability - work with our business community, Mast¢ring My Future and the govemment lQckstart s(themè to create and Promote opportunitiès for work. Diversity - wew Increasè diversity within YWF and our Board to ènsu rèpresentstion of thè comrnurdty we serve. Digital Campaign- work with Total Metha and take an innovative digital marketing approach to pron1& 8wi¢es for children and young people through Our Clty webslts. Transitions-work with Westh¥n8ter Clty Council tojoin up and tlevelop new projects for y(wng people al itryjortanl transitions points. Brighter Future8 Fund - identsfy new Investo and fundrSe for a bigger grants programme to launch in November 2021 with greater funds ringlenced for core funding for member organisations Impact & Evaluation - continue lo work the Centre for Youth Impact to develop the capaaty of the Sector to deliver and record impacL Fundraising stèwardshlp tsf rpOralè partners and funders 33 well as identifying new partners and targeting high llet worth individuals. 10-
YOUNG WESTMINSTER FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 10-
YOUNG WESTMINSTER FOUNDATION TRUSTEES. REPORT (coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2021 Strategk Partne Heatth is a key pfiorityforthe and as we have bJi5t KI will mairtan partnerships with HealthW and the North West London clinic CLYnmisslorrire Gwi. The Metropolitan Poli are a key partnw and w •errking strr¢y2nd op10rllY wth different officers. Young Peoplg's Foundallons We dosety with the other 8 Young PeoplÈ's FWrtdatts IYPFs)- HTCPtt. Brent. Bamet. Hammersmith and Fulham, Ealing. K&C. Camden and MeSter. Tlis indude5 attendance at bi-mnthly CEO nwtings, OFratical staff meetings and alteNJance at a YPF ResNJental knlrtated by John Lyon's Charity and Young Manchester In Manchester. Young Ambassadors Acting on the recommendation our Cit reF¥Jl we have rmitted to manlain a wip of young arrtiasslors o all live. work or study in Westrninw. The r(4e of this gro• is to: Undertake Tegular consullatKin Social aclon canwagn$ Performances TralnlrKJ and developmert neiwClng opp(xturMTh8s for thè youry peoplÈ invow. (ljr current neetls analysis work inc4udes an eIrrt of peor research and intend to develop a new grtyjp of YCng Ajrtassadors cajted YoLry Voice& Westminster City Council Our most important partner we collaborate dosety on OLr shared vtsion tr& Impr¢)¥e lives of young people in the City OF Westhnster. We have rAyJnrAlkJrs on our bwd and developed workiig relationships with key COlClI1(S induding fAbinet and shadow for Econom Deveksprr¢nt. EduGaUcm & Ctsmmunity,. arKI Family ServicES & Public Heath. W• ha a strong nthoik a¢ross council dep¥knEnts induthw ChR(tren's Servrce& Pub&c Hea]th, Economy, Communty Safety and Polity. Pèrformance & ConNThJnutions. Thi$ has led to new projects for our members for ample the Staying Safe Proje¢ We are wothTrJ dosMtyth the Fdrerf team to enswe the suc£ess ofthe WCC Achiev•ents and perfomiance The fin81 AmrMRI Report ha¥e a m(e delaled seclth tfvthtth is uyrpleted during the summer as part of our annual inyaGt assessment ahead of our AGM n Octcthr. YWF an AnThJa Review every year wlh detsiled impacL achievements and perIrnan whth is wthlished in Seixemberl O¢tober- see YWF Annual Review 2020- our final Annual Repcrt wiu nGiude this info before teing SUbtted to the Charities Commission. 11
YOUNG WESTMINSTER FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Finan¢l•l raviow The FoundatKJn'$ bant0 sheet rernaned hpallhy (kning this th finandat yw. Tctsl irKa)me for the year was £1.446.949 (Year ended 31 Mar 2020.. £657.1661. TN$ substantial iTr>ease is due to tsvo reasons.. a number of additional finding streams were opened of the National respwse to COMD-19. The foundation was SVCX8ssful in securing new fdIrJ and vos Ablè to ithstitjute thi5 to its members. Secondly, the foundatlon was contracted by Cty of Wesknknster to delver a I scdè DigQal Inclusion wojxl vthich resulted In £441,461 of additional incom& Restricted income for the year was £1.180.386 (Year eTrJed 31 2020.. £523,682). unrestrled income was £266.563 Iyear ended 31 2020.. £133.552). Total expendtiure for the financyal yearwas £1,362.610 (Year peii(NJ erKied 31 Mar 2020.. £1.362,610). Restricted expenthture was £1,174,876 (Year ended 31 Mar 2020: £494.716). This was Frfxnarity expenthture on thè Digital Futu$ Project £409,999 and the Brighter FutLYeS Fwd £318,877. Unrestricaed èxpenditure SWdS £187,743 Iyear eThJed 31 Mar 2020: £211.558). Thiswas ail Governare and SupFOrt Costs. In tcAd £79280 (Year ended 31 Mar 2020.. £0) transfern were mwje frrKn unrestric1 fLJxls as eXperrture on some Restricted fund5 exceeded the incomè. Th8Te were alK Restricted fvnds. whkh ha yet to be spent thatwll be carried foThvard into 2021r22. There was an over811 net Income at the end the year of £84.339 (Year ended 31 Mar 2020: £49.040 net expenthture). total fijnds carried ftTh¥d at of the year are £196.370 (Year endèd 31 Mar 2020.. £112,031>. Golng Concem The Foundation reFrt)rted a net inLYEase of £24.674 (Year erKJpd 31 Marth 202tr. £23,679 outflow). The TTUStegs have reeWed the imp1 crfthe COWtk19 virus on1he Foundation's proyrammesand the 8bHlty to raise nds. They are of the Mew that the cash held al the steps bng taken io artsss rthv funding based on the oppr)rtunities that have arisen due to COVID-19 have seawed the immediale firtwe of the Foundation forthe next 18 to 24 months. They therefore befjeve that thÈre • no materia uncertainlies abc the Foundation's ablty to c¢tinu8 and that on this bags the FlYdatkn Is a gLxr•J cxncem. is the pulicy of the Young Wesfminster FOdatiOn that uryeststsxed ftllxls whth have not been deSiated for a spectfi¢ use should be maintsined at a levd equivatertto thee six nK)nth's expenditure. Thetru$teo$ considers that reserves St this level will Ure thaL h the ewrrt of a signrfcant dP in funding, they wll be abl• to ntinue Ihe Young Weskninster Foundation's CAThrent %thite consMJerion is u•ven to ways in vthich additional funds may be raised. This level of reseNes has ljeen mantsined through¢yJt thÈ yèar. The trustees has assessed map)r risks to whth the We5trrinster FOUndatic is exp09ed, are Satisfi that systems are in ple to rrnkngat6 exp05ufE tothe maN)r risks. 5¢ntUre9 governance and managemènt The Young WestTrrrinster Foundatlon is a Charitable Iropyd CgarisatiM (CIO>. The trustees who Seed during the ye 8nd up trJ the d* of SIjre ofthe finanaal statemwrt5 were.. NDaty F Chowdhury C Archib81d J Rosenbwg H Taouzzale K Scarborough B Bid(ell R Akehurst WButt S Ryan (Apporrtèd 14 Odober2020) (Resgned 14 October 2020) (Rwgned 14 October2020) , (Resigned 14 October 2020) 14-
YOUNG WESTMINSTER FOUNDATION TRUSTEES. REPORT (coKfiNUED) FOR THE YEAR ENDED 31 RIARCH 2021 TN8tre Recrultmentand Tralning Tru8tees a recruited thr(h open re(¥litr r¢xnJs vthi¢h We cxxrmuii¢ated o&rt to mgmbor ofganisati¢x and partn5. Candidates are interviewed by (ent IteeS WKI young Jnbassador& Part of tsustee$' indudion irttgudes meetings with Ihe Chair. CEO aThJ project vtwts to rnerr organisations. GE>vgrnan¢¢ The Board takes its govemance responsiL¥lities very sertwsty. We have met fomially every 3 months during the financial year 2019-20 period with the CEO 8nd his staff. We ha LP groups" to look in detail at key i55l as events. comnYJnications. ffina membership processès and our small grants programme. We have drwn up a Bo¥d Handbcrtto ensure Irustees are aware of their roIe5 responsibiliti88. We held our third away day in Jun8 2020 via ZcoTn Polki•s and proEodures We have identified the range of organIsati FoSci8s and wct8dLf8s we need to ensure oyJmpliancg wilh our charitable requiremerts and to ensure we rrAnage our adiwbes effedively and effienuY. Wo oJntinuou review our pclicies and proce(luresto ensure tlw are retevart and up to date. Prnmi5es The Foundatton has been located at 21 Stre< a Shartestry clfice Sin uSt 2018. We have 5gven paid meneTS of starfr. Phllip Barron, our CEO who started on a full tirrE bask8 in May 2017. Phil Jo18d the YWF from working a 8ustalnabllty rolts at Landsec. Helen mn. our D8¥dopment tlrector. started us in September 2017. Helen leads on faIsIng and membership d•10pMent. Hden has for several small tharitre5 busine5se$. most recentty. working for HealtFwMtch. MatiTa Wheeler, ¢)ur ma1n9 aThl Communicatms Marrayi)wied the YWF initbally on a secondment pwtion through John Lths Partnershp's dwrity. Ihe Goklen Jubilee TntsL Matua on our Young Ambassador Programme. Nora Loewenberg. OLY Grants and EVdUat Manager. pined us in 4)rl 2019. Norals re¥pDn$ible for managing ow grants programme aTrJ irnpact wor Hazel Pedlar, our office Cg(Ydirwtor. joined the FLmmdati in February 2020 and sukyrts the team and coordlnates finances and OFeration$. Sam Wightsnan. M8tkeling and Engag•wrt Olfjcer, joined th• Foundation in October 2020 and supports the youth hubs th theircapacity as wll as SUFwbng th8 core nwketiThJ woth of . Aaron M¢Dtsnald. w Pwject Manager (Youth & ComnyJnity Workl. i0d the Foundation in January 2021 and leads on w0ror¢e develtyment. yOLth Yyrkw (Mr yourwj an*ad0[S and pofjcy around serious Yth olence. 14-
YOUNG WESTMINSTER FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 statgmont of trustses. responsibilities The trustees are resFonsible for prepariThJ the Tnth, ReF¥Jrt the fina¥ stateMts in a)Yanf with applicable law and United Klngdom Accwty Stsndards OJIMted Ki9orn Gènerally Accepted ACCOUnng Practi). The law applicable ID charitie$ in England and Waks requres the Irustees to prepare finan&a ststements for @ad) financial year which give a true and fair view of the stste of irs of thg YourtsJ Westminster Foundation and of the incoming resoLrces and application of reswre•s ofts YourvJ Westminster Foundation for that year. In prepariTh3 these ffinart?al ststfjm. Ihe tDJstees are rewred to: seJec suit)le'accountsTh3 pS and then apply them consstenty, obser the methoys and wn(iFles n the Charrfies SORP: make jLhJgemts and esbns th are reasonab aThJ state whether appIL¥b awxmb.ng stsndarts have been ftIkyl. 1b]eCt to ary material dèparDJres disdosed exF48ined in11)e fin81 $Im.. aThJ prgwg the fartda1 statements the gjing 4x)rxm bags it is inaFyopriata to pres) that the tharity will continue in operat. The trustees are responsbi le for keeptng sufficient •XOunti records trt disd05e with reasonable accuracy at any time the financiaj [ition of thÈ Young Wastminstor Foundation and erble.ern to ensure that the financial statements CoMY ¥th the Chanties Acl 2011. the Ch¥rty {AOUrIts ar1 Reports) Regulations 2008 and the prowsions of the tnjst deed. They are also responsilje for safeguirNJ the assets of the Young Westmin$ler Foundation arKi fortaking reasonable stepsforthe prevention and dgtecon offtaud arKI other irregularities. The tmgtees. reportwas approv*1 by Ihe Board ofTru5tees. Trustee Dated:.... 15-
YOUNG WESTMINSTER FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YOUNG WESTMINSTER FOUNDATION Oplnlon Wè hav• audited the financAal statements ol Young WBslminsler Foundation (the 'Young Westminster Foundah'on'l for the ygar •nd8d 31 March 2021 which comprise the 8lalement of flnandal activi11gS, the balan 8heet. the statement of c88h flows 8nd the notss to the financ4al statements, Includlng Slgnlflcanl accounting pollcles. The financial reportlng framework that has been applied In their preparation 18 applicable law and Unf(ed Klngdom Accounting Standards, Indudlng FRS 102 The FSnanclal R&pcSn9 Stsndard applicable in the UK and Republic of Ireland (Llnited Kingdom Generally Accepted Accountlng Practl¢81. In our opinion. the financlal slatemenls.. give a true and falr vlew of the Btate of thg chsrity'$ affairs a8 at 31 March 2021 Bnd of it8 incoming resources and application of resourceB, for the year then ended., have been properly prepared In accordan wlh Unlled KtngdDm Generally Accepted ACCOUnng Pr8ctlc8', and have been yepared In accordanc8 wSlh the requtromgnts of tho Ch8riUe$ Act 2011. BA81s for oplnlon We conducted our gudlt In accnrdance wllh Inlemational Standards on Audlllng IUKI IISAS (UK)) and applic*ble18w, Our responSI.1195 under Ih¢)8e slandardB are fvrther descrlbed In the Audil0rf8 r88pan8ibilllies for the 8udil of tho NnancS0l slat¥menls section of OUT report. We are IndeperKlent of the Young Wegtmlnstèr Foundation Sn accordancè the èthlcal requlrementB that are Televanl to our audll of the Ilnancl¥l sl01gmen19 In tho UK. Snduding tha FRC. Ethical Standard, and we have lfIlled our other ethlc81 r68pon81bllllle8 In accordance with these requirement8. W• bellgve that the audlt •vld•nc• have oblalned IB sufflclent and appropriate to provide a ba81$ for our oplnlon. Condu•lon8 r•lattng to golng eonc•m In audlling the finonGio1 statemenly. wa have concluded that the Iru8tee8' use of the golng concern bad8 of accounting In the PTep8raUon of th? financial siolements18 appropriats. Based on the work we have p&rformed, we have not identifleLI any matsrlal uncertalnties r8lallng to evènts or ¢cndkSons that. Sndlvidually or collectively, rrmy cast 8ignificanl doubt on the Young We81mln8ter Foundation's 8bllity to contlnu&as a golng conc8m fora period ofal leaste1Ve mnth8 fromwhen tho flnancial 8talemenls are aulhorfs for issue. Our r6$ponsiblllle8 and the re8ponslbSlmes ofthe truste respect lo going wirAm are described in the relgvanl sections of thi8 report. Other infomiation The other irrformalion compri8es the information Included in thè 8nnug1 roport otharthan th• financial stal8mants and QUT audltoee report thereon. The trustee8 are responsible forthe other Information contained wthin th8 8nnual Teport. Our opinlon on thè finan¢ial statemen18 does not cover the other information and we do not 8xpres5 any form of assurance conGIu5iors thereon. Our responsibility is to read the other information and. in doing so. consider whether tha othar inf0mtiOn is materially inGonslstent with the financial statemen18 or our knowledge obtained in the cour89 of the audit, or otherwise appears lo be MaterallY mi55tated. If we identfy such material inconsi51encies or apparent material misslalements. we are requirtsd lo determine wh6thèr this gives rise to a material misstatement in the finana81 statements th¢mselve$. If, based on the work we have perfomied. wè ¢xndude that ihere is a material mlsstalemenl of this other irrformation, we arg requwed lo report that faGt. We have nothing to reptsrt In Ihls regard. 16-
YOUNG WESTMINSTER FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUNG WESTMINSTER FOUNDATION Matters on whlch wo arn roqulred to roport by excepllon We have nothing to report in respect of the followng mattars in relation to which the Charitles (Account8 and Reports) Regulatlons 2008 require us to report to you rf, in our opinlon- the Infomalon glven In the financlal ststemenl$18 Inconslstsnl In any matsrial re8pectwith the tru8t8es' reportr, or sufficierrt accounting records have not b8•n k•pt,' or the financial 8ts1emEnts are not In 8greemenl wllh th8 accounting r8cords', or w8 have not ceIVed 411 the Informatlon and explanaliong we qUIre for our audit. Ra•ponslbllltlK of truBt808 AS explalned more fully In the 8latement of tru$loè5' respon$lbiSities, tha twst888iar6 r88ponslble for the preparadon of thè finandal 8tatemen18 and for belng satisfied that they give a true and falr view, 8nd for 8uch Intemal control a8 th• Irusteos detemine Is necefjsary tc enable the preparation of finanryal 8ts1emenl8 that are fw from material mi9gtstement, whether dua tt• fraud or error. In preparlng the financial Statements. the Iruslee8 are re8ponglble for assesslng thg Young Weslmlnslor Foundation's abS1ity to conlknug as a golng nOrn, discloslng, aj appllcablB, matters related to golng cJncm and uslng tha golng concam bas1$ of a¢¢ountlng unle88 th• truBtse8 gllher kn18nd to ceo¥e operg1ion8, or have no reall8llc altsrn8tlv8 but to do so. Audltoi re8pon•lbllltle• ft)r Ihg audlt of tho flnancl•l statsments Wo have bgen appolnted a8 auditor undèr sectlon 144 of the Charfllo8 A¢t 2011 And ftport In accordanca wlth the Act and relevant regulation8 made or havlng •ffe¢t thereunder. Our obledlves are to obtain rea80nable 888urance about whelh•r the financlal statements as a whole are fm from mèrfal misslatemenl, whether due ID fraud or error, and lo issu8 an audllorf5 report th81 Include8 our oplnlon. Reasonable 8$8ur8nc•18 a high18vel of asgurance but18 not a guarantao that On audll conducted in accordance whh ISAS IUKI 11 aayS detect a material misststemenl when It exl818. Mi88talemenlJ can arise from fraud or error and are consldered material if, indlvldu811y OT In lh• aggregate. they could re4¥onably be expe0 to infiuencg the eGonomic decisions of user8 taken on th• basls of these financial statements. Irregularities, Indudlng fraud, are Inslonces pf n¢-cOMpli8nce w5th lawB and fegul8lion8. We dè81gn proe•dur•8 In 1Sne with our r•sponsibilitle8, oulllned above, lo detect materlal misslalemenls in respect of irregularilie8, including fraLKI. The extent lo whith our procedure8 are capable of detectlng Irregularille$, induding fraud. 18 detailed below. A further de8cdptton of our rg8ponsibllitie$ 1$ available on the FinanrAal, ReptIng Coundl'8 webglta al.. htips'.lknw.frc.org.ukJaudhornre8pDnslbllRle$. Th1¥ de8Gripllon fryms part of our audilorfs reporL Othtrr matters . Prfor yearfin4[al 8tstements not audited Comparative informallon In the finandal statements is derived from Young We81min8ter Foundation's prior period fInAnal statements which wÈr• not audilad. We have conducted audit procedures on opening balances to ensure that we have obtained 8 re88onabl8 assuranc8 that thére is not a materi81 nSStateMent In those IguTe& 17-
YOUNG WESTMINSTER FOUNDATION INDEPENDENT AUDITOR'S REF¥JRT (CONTINUED) TO THE TRUSTEES OF YOUNG WESTMINSTER FOUNDATION Your attention is dravm to the fxl tlwtthe thrity has prep¥ed financial staterrS in acrdar 7•Ath "Accounting arKI Rewrting by Charities.. Statement of ReCAyr Practice icalAe to charitse5 weparing their accounts in accordance with the Finanual RepoTtirMJ Standard appwe in the UK ar Republic of Ireland {FRS 1021" (as amended) in preference to the ACctIftg and ReF¥)rtiro by Charrties: Statement of ReCOn¥nded Practice issued on 1 April 2005 whlch is refeed to in the extant rngulabons but has ncw been withdralvn. Thls has been (lone in order for the finaxial Statem to prowde a In arKI fair view in aoz(Kdance current Generaily Accepted knntirwJ PractKe. Use of our rnport This rep1 is made solely to fhe Chari5 tNste8s, as a bc. in 7th part 4 of the ChaTrbes (Atxounts and R#ports) Regulations 2008. Our audlt vrt)rk has undertaken so that v might stsle to the ¢haritys trustees those mattws we are required to sL*e to th in audtiors, repjrt arKI for no other ptsrFrt)se. To tho fullest extent permitted by law. we do not accept orassume responsibiffityto yor ottwthan the charity and the chari$ trustees as a body. for our audit work. for this rerM)rt. or forthe oF4nions we havè fomwL •- Robert Klruand (Sgnlor Statukny Auditor) For and on behalf of Chartered Accountants statutory Auditor 20 August 2021 Critchleys Audit LLP is e1ible for appOirtnnt as auditor of the Young We5tmnster FOUndaU¢ by virtue of its efigibility for appjinlment as auditrA of a underof Secti{ 1212 of the Companies Ad 2006. 18-
YOUNG WESTMINSTER FOUNDATION STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 nds 2020 fimds 2020 2021 2020 Income from: Donations and legacaes Investments 266.542 1.180.386 1.446.928 21 21 133.484 523.682 657.166 68 T¢*1 Incom• 266.563 1.180.386 1,446,949 133.552 523.682 657,234 Ex endlture on: Charitable activilies 187.743 1.174.867 1.361610 211.558 494,71 S 706,274 Not ineomingl{autyolng) rgsources bofore 78.820 5&19 84.339 (78.Cth) 28,986 {49.0401 Gross transfers beeen fiJnd5 (79.2801 Nfjt lexpendlture)fincome for thgyoarf Net movement Sn furxts {460) 84.799 84.339 (78.OC6) 28.966 149.0401 Fund balances ai 1 hpril 2020 84.795 27.236 111031 162.801 (1.7301 161.071 Fund balances at 31 March 2021 84.335 112.035 196.370 84.79S 27.236 111031 The statement of financi vil IUde5 al gains arxl k)sses re(x)wised in ihe year. Al inctyne and expenditure dérivefr fAKrtiniiry -19-
YOUNG WESTMINSTER FOUNDATION BALANCE SHEET ASAT31 MARCH2021 20 2020 Currentassèts Debtors Cash at bank and in harKI 148.226 237,3j 31,532 212.716 385.616 244248 Credit¢rs: amounts falling witlth) ong year (189.246) (132.217) Net cuThenl assets 196.370 112,031 Income funds Restricted funds Unrostricted funds 11 112.035 84.335 27236 84.795 1.370 112.031 The financial statemgnts were apprd bythe T(ltee9 on ......... ..... ......... NDa Tntstee
YOUNG WESTMINSTER FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AIARCH 2021 2020 Cash flows from op•ratiry activities Cash generated froml(abscKbed by) oparatior 15 24.653 123,74n InvtIng aGllvltles Investrnenl irKome received 21 68 Not cash gènerated from Investlng activitiBS 21 68 Nèt eash used In financlng actlvitlqs Net incSe1(deCrea$e) In cash and cash equlvalents 24.674 {23,679> Cash and cash &]uivalenlS at begiMirnJ 212.716 236,395 Cash and cash equfvalents at end of year 237,390 212,716 -21-
YOUNG WESTMINSTER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcles Charlty Inforniation Young Westminster Foundatlon is a Charitable Incorwrated Organisation ICIO). 1.fj Accounting ¢onventbon The financial statements have been prepared in attnrd8nc• 4Mth th8 Young Westminster Foundation's Charitsble Incorporated Organisafjon A8$oclation. the Ch8rilles Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance th the Financial Reporting Standard applible in the UK and Republic of Ireland IFRS 1021 (effeciive 1 January 2019)" The Young Westminster Foundallon is a Public Benefit Entity as defined by FRS 102. The fin8nci81 statements hav8 departed from the Charities (Accoun15 and Repotts) Regulations 2008 only lo the extent requirÈd lo provid2 3 truè aThJ fair wow. This departure has involved following the Slalemenl of Recommended Practice for tharilies applying FRS 102 rather than the version of the Statement of Recommended Practica whieh is rafarred to in the Regulations but which has since been withdrawn. The financial statements are prepared in 81erfing, which 18 the functional curtvnw of the Young Westminster Foundation. Monetary amounts in these financial statements are rounded to the nearest £. Th& financial statements have been prepared under the historical cost convention, mrylified to include the revaluation of freehold properties and to include investment properties and certain finar)cial instrument8 al f8ir valuè. The principal accountin9 policies adopted are set out below. 1.2 Going ¢¢ncern At thè timè of approvin9 the financial statements, trustees have a reasonable expectation that the Young WeslminsterFoundation ha5 adpquate re¥ourcesto ¢ontTnue in operational wstenceforthe foreseeablefvture. Thus tha trusts8s continue to adopt the going concern basis of accounting in preparing the ffinanryal ststement9. 1.3 ChaTltabl& funds Uni¥stricled funds are avallable for use at the discretion of the trustees in furtherance of their charitsble objectSves. Restricted fvnds are subject to specffic wndrtion5 by donows as to how they may be used. Th8 purposes and uses of the restricted funds are set out in the notes lo thè financial stal&ments. 1A Income Income is rÈcognised whÈn thè Young Westminstèr FJndat10n is legally 8ntitlad to it after. any p&rfomRnce eondilions have been mel, the amounts can be measwed rellably, and 5tls probabSethat Income vlll bo re¢eived. Grants are recognised in the finanaal slalements when due. Donations are recognised when receNed. Sales are reo)gnl8ed when the related services have been provided. Cash donations ara recognised rerAipt. Othar donations ar• recognised once the Young Westminster Foundation has been notified of the donation, unless performance conOnS require deferral of the amount. Income tax recoverable in relation to donations received under Gfft Aid or deeds of o)venant is recognised at the timg of thg donaticn. Legaoes ats re¢ognisÈd on rècelpt or othèNM8e if thè Young We8tmlnster Foundatlon has beèn notlfièd of an Impending distribution. the amount is krWn. and receipt is expected. If the amount is not known, the legacy 18 treatsd as a contingent asset 22-
YOUNG WESTMINSTER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountiny policles IconL) 1.5 Expendlture Expenditure Is accounted for on an aLrruals basis and includes irrecoverable VAT. Grants payable are recognised as expenditure when paymont is to the pother orgonisalion in accordance with the terms of e agreemenL 1.6 CAsh and ¢a$h ¢qulvalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-lem liquid Invèstments with original maturitles of three months or less. and bank overdrafts. Bank overdrafts are shown thin borrowngs in current liabilities.. 1.7 Financial instruments The YoLJng Westminster Foundation, has elected lo apply the proM8ians of Section 11 'Basic Foianclal InstNmerts' 8nd Section 12'0th¢T Finanal Instruments Issues. of FRS 102 to au of its finan¢ial in81ruments. Financial instruments are rewgnised in the Young Westminstèr Foundation's balanc8 sheet en the Young Westminster Foundation becomes party to the ttjntractual prDvislons ol the instrumgnl. Financial assets and liabilities are offset, vrith thè amounts presented in th• financial statements. when there 18 a legally enforceable right lo set off the recognised amounts and there 15 an intention to settlg a nel basis or lo reallse the asset and setue the liablty simultaneously. Basic finan¢ial assets Basicfinanual as8ets, whlch Indude debtors and cash and bank balan. are initially measured attransaction price induding transaction c4Jsls and are subsequenUy carried at arnortised cost uslng Ihe effective interest Èthod unlass tha arrangement constilLbles a financing transaction, where the transaction Is measured at th6 present value Df the future r1p1S discounted at a market rale of interest. Fin8noal 888els d889ified 8S receivable syithin one year arg not amortlsed. Ba$1¢ fmanclal Ilaljllltles Basic finanaal liabilities, induding creditors arKt bank loans are initially r8cognlsed at transaction price unles9 the rrangemenl con8titutes a finanring transadlon, wherethe dpbt instrument is measured atthe presentvalue of thè future payments discounted at a market rate Df interfsL Financlal liabilities classified as payable within one year are not amortisèd. D&bl instruments are subsequently carried at amortised o¥Jst, Using the effective Inte$t rate method. Trade creditors are obligation5 to pay for good8 or semces that have been acquired in the ordinary COUTse of OP8rlons from suppliers. Amunts payable are classnled a5 currpnl liabilities if payment Is duewthin one year or les5. If not. they are presented as non-current liabilities. Trade creditors are recognised inlti8lly at transaction price and SLthequentty ThEa8Lwed at amDrtised co3t using the effeclive intere81 method. 1)greoognitlon of IlnanGlal Ilaljililies Flnancial liabilities are derecognised when the yn9 Weslmlnster Foundatlon's contfdctual obligafSon5 expire or are discharged or cancelled. 1.8 Employee beneflts The cost of any unu8ed holiday enlitt8m8nt is r8cognis8d in th8 p8riod in vthich the employee's semces are received. Termination bgnefils a recognl$e(l Nnmedialely as an expense when the Young Weskninster Foundation is demonstrabty cornmitted to terminate the eryloyment of an employee orto,'provide temiination benefits. -23-
YOUNG WESTMINSTER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accoun1h policies q¢ort) 1.9 Rotlrement bonofits Payments to define(I contribution reliremért bttfit Sdn are Larged as an expense as ttw fall due. Crltkal accountuig ••llmats8 And Judg•meits In the application oflhe Young Westmnsler FKIatIon,s ac£ounting pdicios. the trustees required.lo make Sudgments. estimates and assumpdons about thè earying arrKJunt of 4sset# and lIablI6¢S that are not readily apparerrt from other sources. The estimates and associated assurr4)tions are based on hi5todcal expert&ncè and other factors that are constdwed trj be T8levanL rlts mèy differ frt)m these estimate8. The egthrates undeffjng assumplions e revivwed on an ongoing basis. Revlsions to accounting e$limates are recognised in the p•rlod in vthich the estimate is revised where the rw8ion affacts only that period, or in th• period of the revisk and luturn riods the rn10n affects both ¢)Jrreni and fvtur• pariods. DonatloM and 1ggacl•8 Unrrftrlct•d R•strl fundB Total Unreltricted Re8trlcted fvnds funds Total 2021 2021 2020 2020 2020 Donations and É4ft8 Grant Incomè Business partnw Inci¥ Dlgttsl Futu9 10 172.200 5,161 680.949 94.Sfy) 399.776 5.171 853,149 94.500 402.583 91.525 63.5 473.307 50,37S 53e,807 50,375 1,500 88,484 2.807 91.525 1,5 68,484 266.542 1.180,386 1.446,928 133.484 523,882 657,186 I¥n•ts Unrnstricted Unrestrlcted fund• funds 2020 Interest receiv8t4e 21 -24-
YOUNG WESTMINSTER FOUNDATION NOTES TO THE FINANCIAL STATEIIIENTS {coKfiNUED) FOR THE YEAR ENDED 31 MARCH 2021 Charhablfr actl¥lti 2021 2020 staff costs Grants Dir•ct pfoj8ct costs RecwSlment, tralnSng and cther staff c(ots Ronl and office expenses Generdl exponditu 205,941 644.327 470,790 17,574 11.951 12.027 151,776 460,869 46,8 4,799 13.613 28.417 1,361610 706,274 1,362,610 708,274 Anaty8i8 by fund Unrestricted fund8 Reslncted ndS 187,743 1,174,867 211.558 494,716 1,362,810 7C*,274 Dlrnct projort ¢osts Dlrnet proS8Ct costs primanly rel8le to The DItI Fuiwes prw (£409,999). Thlj wol•ct lackl•s digh41 èxcluslon In Weskninster thrwgh a partnership belween local charities. Ibusine5ses arKJ schDols aiming lo provide devi and conn8clivty to ttthmunities impacted by ccffrffw¥inJ5. The goal 18 to ensure that no youryJ person in Westminsler goes without han9 asS to a c)uter at home and a stabl& Snlemet conneot lo Inspire their leaming and dont Fundlng was prkncip8lly soUrd thr seGOn 106 fiwKls We5trTin8ter City Councll wlh additiun81 C4)nlributions from &xporat• P8. Truste None of the Irustees lor any yrsons corffie them) [a¥ed any Temuneration or bprth frn the Young Westminst•r Fourtdation drrfJ the ye¥. Employoes The awage monthly number of ernPb dwing ts IEarwa5: 6 2021 Nntser 2020 Number Employ8e8
YOUNG WESTMINSTER FOUNDATION NOTES TO THE FINANCIAL STATEAIENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Employeos Employment costs 2021 2D20 W8ge8 and s8l¥ries Social secLtrity costs Other penston costs 17T.426 17.716 10.799 132.646 12.643 6.487 205,941 151,T16 There were no empkJyee8wPw 3nnu81 rtr1xr wa8 £60.000 ty nwe. Dèbtors 2021 2020 Amounts falung due withln one year. Trade debtors Oil)er debtors Prepayments arKI 8rUed incoTr 146.938 26.532 5.000 1.288 148,226 31,532 Creditor5". arnots falllng due withln one year 2020 01 taxation socaal seeLYity Defed Inme Trade credrtors Other creditors A¢cTuals and dgforred 5.889 83.000 19,306 1.648 79.403 4,019 10 5,040 1,224 121.934 189.246 132,217 10 Dgforrnd InGom¢ 2021 2020 OUr deferred i) 83.000
YOUNG WESTMINSTER FOUNDATION NOTES TO THE FINANCIAL STATEMEKrs {coKriNUED) FOR THE YEAR ENDED 31 MARCH 2021 11 Restrlcted funds The inctsme fLmds of the charity inchjde re5trNAed funds cx)nuThirvJ the f¢Jllthwing wxpended balan of donations arKI grants held on trusi for PLKIM)se& nds In¢¢miNJ Baat In¢tr Rgsourc¢s Transfe Balan 31 Alaroh 2021 Beachcroft Brightèr FLrtUTes FLmd Church Si Forum Centre for Youth Inwact Church St Pilot Dlgital Futures CoMd-19 P)nS• Outrea HAF Easter Mastemg My FUr@ Needs Analysis 19.837 299.355 10.OCM) 119,837) {318.8771 (3.0001 389 19.133 7,000 (1.920) 23,910 1,920 75.0 441.461 13.562 39,815 33.000 35.328 8.680 35,731 (44.6311 {4D9.9991 (13.562) P4.9) (39.6451 {65,4S91 '(15.064) (34200) 54.279 31,462 14,820 6,645 28,361 1.770 8.581 2.197 1.531 Sma15 Grarts S¢hocA Exclusic Mentoring Stsying Safe &Jpplemenlary Schoc4s Transitions Winter OpFQturubes Fund C¢xe (14.829) 14,829 (9.504) {8.8561 (25,0001 (26.298) 152.200) '159.750) (3.990) 6.788 2,(8 25.000 20.000 51200 59.750 1167 6,298 2,547 22 27.236 1,180.386 11.174.867) 79.280 112,035 -27-
YOUNG WESTMINSTER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR fHE YEAR ENDED 31 MARCH 2021 11 Restrlcted funds During the period. Young Westminster Foundation transferred amounts from unresliict•d funds to those restricted funds thatwould otherwise have been in deficit. The above restricted funds arè forthè followng uses: Beachcroft- Fundiro from the We3lmln8ter FoundadLm to pay for additional IT PTOM8ion durfng the CoMd-19 pandeTnic. Brighter Futures Fund- Small Grants Programm8311 paid to members lo fund activitiesforycurwJ in Westsninster and for'strengthening The Sectorf grants to members. Church St Forun> Funding for Youth Voicè Proi8Ct with Maryl8bone Bangladestri SoEiety. Centre for Youth Impact - Funding from Wlliam Shelton Educatlonal Charity to support Westminster based youth organisations lo strengthen youth impack evaluation. Church St Pilot- Fundnig for FLre Men to fund aolivilies and an addonal youth worker. Digital Futures- Dlgilal inclusion prcject to provide laptOP5 for all school children in Westminst8r detemiined to be tn nèad of such equipment. Covid-19 response- Funding for Avenue8 Youth Club aNJ Caxton Youth Club for Summer Programm&s 2020. O(treach- Funding lo support Outreach actrvitie8 in the BE)rough. HAF Easl8r- City of Westminster fundlng glven to memt¢r5 for Holiday Activitle8 Mastering My Futurg- Funding from Shaftesbury The MercErs Trustfor a m8ntoring pro3ramme. Needs Analysis - Funding from Kasuma Trust contrfbuting to the commtssioning of a Need8 Analys15 report. Prevent- Youth Mentoring funding from City of Westminster dSstribuled to Fulurfj Men. Paddlngton ArtB and VVeslmin$ter Befriènd A Family. Small Grants- as Brighter Future Fund above. SchorA Exdusion Mentc*ing- School exdusion mentoring referra5 project fvnding from Cty of Westminster. Stsying Saf• A programrne funded by Cty of Wesknmnstsr 8lmd at young peopl8 in loeationy disproportionatdy affethd ty Crime. &Jpplemenlary Schoots- John Lyong hjndlng to dirèctly support supplèment schools in the gDrough. Transitior- Fundlng from Shaftesbury PLC10 5UPPOrt young people maklng the tran8ifjon from Year6 to Year Wintar Opportunities FurKI - National Lottery Community Fundlng to provide Winter Opportunities for Young People in the borough. -28-
YOUNG WESTMINSTER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 12 Analysls of ngt aBs8ts bg(woen furK15 Unr•strictod RtrICtsd funds funds 2021 2021 Total Unrestricted Restrfcted funds nds 2020 2020 Total 2021 2020 Fund balances at 31 Marth 2021 are represented by.. Current assetsllliabillies) 84.335 112.035 196,370 84,795 27,236 112.031 84,335 112,035 196,370 B4,795 27,236 112.031 13 Opgrottng Igase commltments At the reporting end date theyoung We8tnMnster F¢Jundation had ¢WtSdIng comnYtm8ntsforfuture minwnum lease payments in regard ofthe rèntal of thÈir current premlses undèr non-cancallsbla oparating leasès, which f8U due as follows: 2021 2020 Within om y8ar 4,061 14 Related party transa¢tl¢)n$ Transactlons wlth rnlatsd partlgs Trustees Hamza Taouzzale and Karen Scarborough are both Counallors of Wastminster City Councll. During the year Westminster Cty Council provlded funding to Ihe Young Westminsler Foundation of £830,554 {2020- 343.8001. Trustee Brian Bickdl 18 the Chief Fxecutlve Officer of Shaflesbury PLC whlch proMd811 funding lo the Young westmster Foundation of £70,000 durirtsJ the year12020- £10,0001- Trustee Jackie Rosenburg is the Dewty Chief Execulrve Officer of Paddington DevelopnEnt Trust which received fun¢Jing from the Young Westrninster Foundation under tha Bri9ht8r Fulures Fund 2 totalling £14.828 during the year {2020- nll). Carol Archibald who was appointed as trustee crf Young Westminster Fcndation on 14 October 2020 is employed by Th8 Avenue8 Youth Club whlch reiVed grants and fundlng from the Young We8tminsler Foundation totalling £31,830 during Ihe yoar. -30-
YOUNG WESTMINSTER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 15 Ca8h nrated from op•ratlon 2021 2020 Surplusl(deficitl for the year 84,339 (49,040) Adjustments for.. Irwestmenl incom8 recognlsed In statem•nt of ffnandal activitie8 121) 188) Movements in working capital: {Incr&asel in debtors {D¥cr&aselnnGrease In credltorB Increase In defefred incom8 (116,694) 125.971) 83,000 (12.032) 37.393 Cash generat•d fromllab8orbed by) opgratlon 24,653 123,7471 16 Analy&ls ol ehang• In net fund8 The Young W•8lmlnster FcundatlDn had no d•bt durlng th• year.