2024-04-01-accounts

INSPIRING YOUTH ACHIEVEMENT Annual Report & Financial Statement for 2023/2024

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INSPIRING YOUTH ACHIEVEMENT

Registered Charity: 1170347

ANNUAL REPORT AND ACCOUNTS

1 APRIL 2023- 31 MARCH 2024

TRUSTEES:

Vida Simpeh

Nana Ayebi-Kwakye

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Contents

REPORT OF TRUSTEES .......................................................................................................... 4 FINANCIAL STATEMENT ....................................................................................................... 4 NOTES TO THE ACCOUNT .................................................................................................. 5

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R E P O R T O F T R U S T E E S

Inspiring Youth Achievement (INSPYA) aims to encourage, support and inspire young people to achieve their ambitions. The organisation achieves its aims through mentoring, self-development workshops and career workshops.

Our objective is to advance the education and training of young people under the age of 25 years for the public benefit in particular but not exclusively by providing mentoring, self-development workshops, career events, networking opportunities and training programmes, advice.

Unfortunately, due to a lack of funding we were unable to continue our Equip to Succeed in Ghana. However, we delivered online career workshops providing support to University students in Ghana to develop their career skills and increase their chances of securing employment. We also continued our support for Bruce Grove Youth Club with the development of projects and supporting activities for young people within Tottenham.

F I N A N C I A L S T A T E M E N T

I N C O M E

	Unrestricted	Restricted Fund	Endowment	2021/22 Total	2022/23 Total
	fund		Funds
INCOME
Donations and					0
Legacies	-		-	-0
Charitable	-	-	-	-0
activities
Investments	-	-	-	-0
Other trading	-	-	-	-0
activities
Other (funding	-	-	-	-0
applications)
Total				0	0

E X P E N D I T U R E

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	Unrestricted	Restricted Fund	Endowment	2023/2024	2022/2023
	fund		Funds	Total	Total
EXPENDITURE
Raising funds
	-	-	-	-
Charitable	£500		-	£500	£500
activities
Separate material		-	-		0
item of expense
(including
administrative
costs and
marketing)
Total				£500	£500

N O T E S T O T H E A C C O U N T

Income

1. There was no income received through fundraising activities and donations.

• 2.The charity did not receive any income from contracts or any grant funding from central government or local authorities.

Grant making

3. Grant making is not the main way the charity carries out its purposes.

Overseas Charitable Activities

4. During the financial period, Inspiring Youth Achievement’s activities in Ghana were limited to online career series. There was therefore no monies spent in relation to our overseas charitable activities.

Trading Subsidiaries

• 5.The charity does not have any trading subsidiaries

Trustees/Staff/Volunteers

• 6.The trustees did not receive any remunerations or benefits other than expenses incurred. Trustees were not for any services. All trustees act on a voluntary basis.

• 7.There have been no resignations during the financial period by any trustees.

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• 8.The charity does not have any paid staff. All those who assist with the activities of the charity, do so on a voluntary basis.

• 9.During the financial period, the charity had two trustees and 3 volunteers.

• The charity has obtained a DBS check for all trustees and volunteers in eligible positions. In relation to those overseas (Ghana), checks were undertaken through references. There was also a vigorous application procedure for recruiting mentors in Ghana to ensure that any concerns were allayed and adequate measures were put in place in line with our child protection policy.

Financial Controls

1. There are continued reviews of the financial controls in place to ensure that they remain adequate.

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