Charity regtratIOn nUmr.. 1171313 No.5 Young People Annual Reportand Pinancial Statements for the Year Endcd 31 March 2024
No.5 Young People Contents Refcrcnce aud Administrativ¢ Details Trust¢es' Report 2to6 Independcnt ExÈrninels Rep)rt Statement of Finan¢1 Activitie5 Balanc¢ Sheet Notes io the Financikl Statements Ioto 17
No.5 Young People Reference and Administrative Details Chairman Benjamin McEwen Trnstees Elizabeth Bany Ben Alexand¢rSione John Nelson Walters D¢borah Edwards BenjamiD McEwEn 1171313 Ch#rity Re%istration P4umber Prlthelp*l Offlee 101 Oxford Road IiEADENG RGI 7UD Independent Examiner Woodwhite Accountsnts Ltd Unli 4 City Limits Danehill Reading Berkshire RG6 4UP Page I
No.5 Young People Trust¢¢s' Report No. 5 Young Peopl¢ is a Charitable Ioorated Organi5ation (CIO) and was inLorpornt¢d on4 November 2016. The trustees present th¢ aT]nual repon together with the fmancial statements of the cjwity for th£ year ended 31 March 2024. ObJtiveS &etivitles Obieets tsrtd Our 1$$1¢> is to provide Tnental hralih and emotional suppon to chtldttn. young pcople and those around tbem in Reading. by activcly engaging with them, otherservice provideTq and communiiy partners to deliver inntsvative enial health scrYice8. To ensure best practice by providing high qualiry trdiDing and continuous professional development to all staff, volunteers. young amba88adors, and other extemal organisations. No.5 is a charity pmviding free, confLdelltial support, infornlaiion and ¢ounselltng lo young people aged 11-25, affettcd by mental or physical ill hwalth or by sucial and economic dilYi¢ulties. The N(KJ Team The No.5 team cc>nsists of a range of committed professionals, including specialist qualified counsellors and counsellors on pla¢ement as part ol the fulal stages of iheir post qualification specialist traiDillg. Since 2018 we have employed and worked alongside young people to develop truly eoproduced services. This year we hav¢ ¢ontinued iu d¢v¢lop this way ol'working and rccognise three leyels of ci)production'. l.one to one coprodueed WC>rking, where the young person and ¢ouns¢llor identify how thcy can work iowards the yuung persoa's outcomes, 2.e•mmunily ¢oproduetltsn. where a coD]tnuuity of young people Come together with No.5 and we work out how to dchieve their ambitions 1¢)r them as a cornmunity, and thirdly. 3.Strategk C•produetlon. where everything we do is developcd alongside young people Services PMvided No.5 b provided a five-day wcek wunselling service rh is ayailable to young people. affeed by emotional and enlal health difticultics mailltained well ¢8tablished. safe clinical process and procedures. ellsutiDg we meer our safeguarding responsibilities and the ¢onfidenliality essential to supporting vulneble y(wng people developed opportunities, gained through building relationships with parkners. businesses and independent funders io bridge the ever widenittg gap in staiutory ¥ervice provision and funding Publie henefit AilivillL'S undertaken to fvrther The trustees collf that they have ¢omplted with the requirements of section 17 of the Charities Act 2011 to have due regard to the public bencfit guidance published by the Charity Commission for England and Wal¢$. F£nefit PLt¥e 2
No.5 Young People Trustees, Report (eontinued) Aehievements and perfonnance No.5 generated income for the yearof £578588 (2023= £408, 560). The socio-economic enviroiunei)t ¢oiitinues to be highly challenging for all organisalions within thc Voluntsry, Cojnrnunity and Social Enlerprise sector (VCSII. Demand for CouJ£1I]ng continues to rise with around 1,000 young people on our waittrtg list for ¢ounselling and an average of IQO referrals per Enonth. This rise ¢om&s with a significant increase in thc severiiy of issues young PEople are coming to us with, which leads to an in¢Tease in clinical work required, .%uch as. safeguarding. and inter-agency working, liaison and reporting. We arc developing a Safeguardinb Coorth'nator role, to work alongsidc our Clinical Lead, in response to this. multi-yer Tr"tsrtding We Secured mulii-year funding from National Ix)ttery Reaching communiti& and The Henry Smith Charity to employ 7 of thc 10 employed counsellors as part of our current strategy. In the CO]ng year we will ieview our Wa of working to ensure we are providing ihc rilt support in the right way. Ac(dItlin-Bri¢lsA A.*.foctationfor Counselling & P4v¢hntherapy (BACP) In January 2024 No.5's counselling scrvice was accredited by the BACP. We are extremety proud ofthe feedback we received. The A&se8sor wrote. 'There are so manypoints to congrdtulate you on.. your clearpolicies and procedures- yourwelcoming counsclling rotsms. the way you have dcvcloped the service to respond tt> local need ... The extremely high numbei.s of Clients on the waiting list are testament to the high level of 8UPPOrt oIfered by this service, the service reputation. and the engagemertt with othcr agcnci&s in this arena.. We have no hesiialion in re¢ommendin8 &iGcreditation." Most importantly they said. 'Wo5 is a place where peopl¢ Ik after each other which Tnakes it a lovely place where people want to work." Over the last 12 month5 we hay * Supported 786 young people througih ¢ou]Lselling Deliveted 7,495 counselling se&sion8 Consi5telltly seen an av¢rage of a ÉkkKpint improvement in how young pcople feel at thc of their counselling versus the beginnillg (on a scale of 1-101 . Following a su¢¢essful pilot we provide supervision to Designated Safeguarding Leads in 3 F£hools Supported 25 young p¢ople at Pemianent Risk of Exclusion from School . Delivered 8 m¢lltal health workshops, reaching 213 young Fcople . Delivered 3 Creative Expte&sive Wellbeing projects, 5UPPOrting 31 young people . Embedded the Intersectional Approach furth within our scrvicc delivery . Incieased our prsseDce and awareness with partners. porent8 and Garers, and young people via our social meth'a channels SupportedThe Young Voices projec¢ which we collaborated with No of ourVCSE partners (Starting Point and R¢ading FC Community Trust), wlii¢h h&s contribuied to 3 .8tatutory projects shaping thinking and moving (be coproductiort agenda Eonyard ill Reading. Page 3
No.5 Young People Trustees, Report (continued) W¢ ar¢ delighted io continueourlong-terni relationship8 with local businesses- Francis Conslru¢tion, FINK Streei Food. Village Financial Services, Universiry Collegc of Estate Management (UCEM) and Healthy Buildings lllternational IHBI). We hdye begun working with Blue Collar Food. Virgo Beauty and Business NetwoIk ItLternational {BNII this year aNI look fotward io developing our relation8hip with them. TkLese partnerships strengthen young voiccs in the community and help to bring together young people and adults. We maintaincd our Real Living Wage Employer Mw throughout 2023124 ellsuring that all paid staff receiY¢ th¢ Real Living Wage and are proud to be eontinuing this into 2024125. Risk Management The TnLStees regularly revi¢w the major risks to which the Charity is exposed. Ariskregisler is maintsined which ouilines the procedures to be taken ITJ miligaiion. Fillanelal revlcw For the year ended 31 Mawh 2024, No5 recorded an operating surplus of £6,808, compared with a deficit of £3R,738 for the previous year. Restricted reserve balances at the year-end were £179,30812023.. £130,764). Totsl reserves at the Balance Shoet date were £309,461 (2023 £254,109). 'rhe Charity contit)uegto develop mark¢riThg strategiiei to susiain th¢ l¢velol'¢ounselling services requkred to tackle the waiting list. The multi-year fvndinLT achieved enables us io d¢velop our long-teTm StrategL¢ plans. The.rSte¢S are of ihe opinion thELÉ the Charity wntlY has the financial resources to Settle liiibililie& as they tall due and i¥ able to deliver counseljing servi¢¢s tor the foreseeable fvtlwe. Policy reserves Rescryes PolLCy The reserves policy of (he Charity can be summarised &s follows: Unrestrieted reserves 'rhe 'fn)stees consider that the appropriate level of ut)re¥tricled reserves io be 6 months of normal overtlead expenditure. li is considcred IpOrtant to hold suffiei¢nL resources 10 continue the charitabl¢ activities should in¢ome generation and fundraising activities fall short ofthe required iargei. This level of r¢s¢rv¢s would enable Ihe Charity to administer orderly wind-down should li btr necessary to cease activities and Close. The trustees re-asses8 the wlicy ai the elld of each financial year. Bused on this policy an unrestricted reserve balance of £120.000 considered appropriate. Restricted reserves Grants and donations received by the charity for specific pu•Se$ are acwunted for in accordance with the r&qtii¢tions irnposed. Restricied reserves cannot be re-designad and are not pan of the general reserves. The trustees conslder that the reserves policy should ensure that there is an cffcct2ve strategic planning mechanism wh¢r¢ reserves can be mainrained al an appropriate level. Page 4
No.5 Young People Trustees, Report (continued) PriAeipalfvndthgsour¢e5 The principal fvnding sources during the year were thc Naiional b)ttery Rc&chsng Communities (£97,0(X)), Blagrave Trust (£32,000), The Considered A.%k (£41,OQIO), Edward Gostling Foundation {£25,000}, and Buckittgham8hire, Oxfordshire and Berk8hire West Irt(cgrated Care Board £31.000). The multi-year fijnding by The Big Lottery Reaching CommunitiG¥ Fund {£390,000 over 4 years) Significant funding was provided by the Shanly Group, Berkshire Comrnunity Foundation, Reading Borough CounGil and Thae8 Valley Police. The trNstees would like to give special thanks to all the tru51S, foundations, companies, ¢ommunity grou$ and individuals who havc supportcd No5 during the y¢ar. In particular, we would thank ihc following.. Grc¢Ttham CommonTn]st UCEM Rotary Club of Reading Matins Berkb.hire Nurses Relief inNeed Trust Francis Conbtru¢tion St Laurence Church Reading Nationol Lottery CommuDityFund East West Organisation FINK Street F(y)d BerkJhire Community F¢)undation Blue Collar Food Village Financial Services BNI Virgo Beauty Strurture* governartet And management Org4niso¢ionolstruclure Management Tnxstcc meetings are held each month with senior management. The trustees provide their tim¢ free of ¢harg& None of the lrnstees had a material inteTest in any contract of significance to which the Charily wa5 party during the period of thcse a¢eounts. Page 5
No.5 Young People Trustees, Report (continued) S¢8lemellt of Trustet5' Respotssibuities Th# Irustees are r¢sponsible for prtP8ring the tmsiees, report and the financial staiements in a¢cordance wilh the Uniied Kingdom Accountin& Standards (Uniied Kingdom Generally Accepted Accounting Practice) and applicable jaw and regulations. The law applicable to charities requires the trnstees to prepaw financial statements for each fwaDcial year which give a true and fair view of the state of aEfairs of the ¢harity and of thc incoming resouwes al application of resources of the charity for thai period. ID preparing these financial statemLmts. (he irusiees axe required to.. scleet suiiable accounting policies and iheu apply them consistendy. ob5etve the methods. and principles in the Charities SORP. ake judg>emeDls and estimates thai are re&sonablc and prudent. stale whether applicable accounting standards have been followed. subject to any maierial dartureS disclosed and explained in thc financial sthiemenis. and piepare the fu)ancial Slemen(S OIL th¢ 802D8 conccm basis unless it 15 inappropriate to presume that th¢ chariry will continue in business. The tnte¢S ate re5poTJsibl£ for kecping proper accounting records thai disclose with reasonable 4ccurdcy at ally lime the fatI¢la1 position of the charity and enablc them to ensure thai Ihe fllumciAI statements Comply with the Lhariiies knt 2011, the C'harities {Accounis and Reports) RegLtlations 2008, and the provisions of the constitution. The tN$t¢e5 ale also spOnSible ftsr saleguarding ihe assets of the charity and hen¢e for thking rc&4onEble Stepg for the prevention and dcteclion of fraud and other irrcgularities. 1.he trustees are rcsponsible forihe intenanCe and integtity of the corporate and fllw¢ial information ineluded oll the charirable cojnpany's website, Legislation governing the preparation al dissernination of fancial statements may differ legislation in othcr jurisdiLtiolls. The anUal report was approvedby the trnst¢¢s of the charity on 22TrJoctober2024 and gigned ort its behalf by: jamin McEwen Chairnjan attd tswiee Page 6
No.5 Young People Independent Examiner's Report to the trustees of No.5 Young People I rcport to the trustees on my examination of the a¢¢ow)ts of No.5 Young People for the year cnded 31 March 2024. Re5PODsÉbilitie5 and basi5 of report As the charity ITUStees of No.5 Yowig People you are responsible for the preparation of the accounts in accordancc with the requirements of the Charities Act 2011 {'the Act,). I report ill r¢speet of my examination of the No.5 Young People's accounts carried out under 8ec(iort 145 of the 201 l Act and in carrying out my ¢xatninatioll I have followed all the applicablc Directs"ons given by the Charity Commission under section 145(5)Ib) of die Act. Independent examixer's statement Since No.5 Young People'.8 gra$s income exceeded £250.000 your examiner rnust be a member of a body listed in seclion 145 of the 2011 Act. L confirni that l am ¢walified to undertakc the examinationixcause l am a member of ECAEW, which is one of the listed bodies. I have complcicd my examination. I confsrnj that no material matters have Come to my attention in Connection with the examination giving me Cause to believe that in any mat¢rial respect.. accounting records were not kept in respecl of No.5 Young People qU]rCd by section 130 of the Act. or 2. the accounts do not accord with thnsc record4. or 3. the accounts do not comply with the accounting requirements concerning the forrn and content of accounts set out in the Charities {Accounts and Rq)orts) R¢gulalions 2008 oiher than any requirement that the accounts give a'trne and fairview. which is not a mall¢r wllsidered as part oFan independent ¢xamin8tion. I have no concerns and have cortje acro no other matters in Connection with the cxamination to which aitention should be drawn in this report in order to enabl¢ a properunderstanding nf th¢ aecourtL% 10 be reached. Keith Westran ICAEW Unit 4 City LÉmitS Danehill Reading Berkshire RG6 4UP Date.. Page 7
No.5 Young People Statement of Fin4neial Activitles for the Year Ended 31 March 2024 Unrestricted funds Restricted fuDds Tot 2U24 Note Income and EDdowment$ frotn: Donaiions aud legacid5 Charitable aclivilics Other trading actLVlties Invesuneni Ioe 69,938 94,400 7,983 982 405,585 475,523 94,400 7,983 982 Total iucome 173,303 405,585 578,888 Expenditure on: Raising filnds Charitable activities (17.200) (149.295) (17,2(M)) (506.3J6) 1357,041) Total expellditte (166.495) 1357,041) (523.536) Net inci)rne 6.808 48,544 55,352 Net movemcni in fiuids 6,808 48,544 55,352 Reeonclllalffion of fuDds Total fimds brought fonvard 'I'otal ndS ¢arried forward 123J45 130.764 254,109 14 130,153 Unrestricted fund5 179,308 Restrieted funds 309,461 T'otal 2023 Note tncome find Endowments from: Donaiions and legwies Charitable aclivilies Investment income 95,779 99,146 1,192 212,443 308,222 99,146 1.192 196.117 212,443 408,560 Expendlltre on: Raising fitllds Charitable activitieg {13,5[)) (221,355) (13,500) (502.524) {281,169) Tolal expendityre (234,855) {281,169) (516.024) Net expenditLwe 138.738) (68,7261 (107.464) Net movem¢ni in (38,738) (68.726) (107,464) Recolleiliatioll of funds Total fimds brought forwanl Toial funds caled forward 162,083 199.490 361,573 123,345 130.764 254,109 All of the charity's activities derive from continuing operatiODS during the ave two periods. 1.he fullds breakdown for 2023 is shown in note 14. The not¢s oll pages 10 to 17 fonn an inlegral pari of these financial $tements. Pa¥e 8
No.5 Young People (Registration number: 1171313) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed 3&sets Intangible assets Tangible ats. 22,700 930 29,525 2,730 io 23,630 32,255 Current assets Debtors Cash at bank alld in haud 23,498 294.986 30,680 220,079 318,484 250.759 Creditors: Am•llt$ falling due within one year 12 132,653) (28,9051 Net eurrent assets 285,831 221,854 254.lQ9 Nel awts 309,461 Funds of tbe eharity: Restricted income fllnd$ Restricted fun(ts 179,308 130,764 Unrestricted income funds Unrestricted ll( 130,153 123 J45 Total fund 14 309,461 254.109 The fjnancial statements on pages 8 to 17 were approved by the In]stees, and authoriwl for Issue on (ktobs2024and signed on thcir behalf by. BenJalA fvIcEwen Chairnian and trustee The notes on pages 10 to 17 fomi an inle¥ral part of these fancIal staiem¢nts. Page 9
No.5 Young People Notes to the Financial Statements for the Year Ended 31 March 2024 l Aceounting polieies Statemtni of ¢omplffiance The fJnaDcial SlateentS have been prepared in accordance with the second edttion of the Charitie5 Statement of Recommended Practice issued in October 2019. the Finaneial Reporting Srandard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2011. Basi$ of prepfirAtAon Nts.5 Young People mttts the dofinition of a public benefit eniity under FRS 102. Th¢ accounts. (finan¢ial statements) have been prepared under the historical cost conventiun w2th items rQgnised al cost or transaction value unless otherwise star¢d in the relcvant noiels) to th¢s¢ aLLoun(S'. Golllg eoll¢er Thc trustees consider that there are no malerial uncertainlies about the tharffttys ability tLJ ¢onlinue as a going oncertL Income #nd endowments Voluntary incc>rne illLluding donations, gifts. legacies and grants that piovide ¢ore funding or are of a general narure is recognised when the charity has enlitlemenl io the iDcome, it is probablc that the income will be received and the amount can be measured with sU]cIent reliab21ity. Donatsons and Icgacies are recoEnised on a r¢¢eivable basis when elpt is probable and the amount can b¢ relAably measured. Grrtnts recelvoble Granis are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been mel. Where pcrforn]ance conditions are attached to the grant and are yel to be fftet. th¥ income is recognised as a liabiliry and included on the balance shect as deferred income to be releast(L Deferredincome Deferred income tepresentsamowits received for fulureperiod%and is released to incoming resources in theperiod for which. li has been received. Such in¢otL¢ is only deferred when: - The donor specities that the grdnl or donatitsn must only be used in fubjrc aecouDiing periods., or - The donor has itThP05ed condilions which ust be met beforc the charity haq unc01]tIonal entitlemenL Dividends are recognised once th¢ dividend has been de¢lared and notification has been rtteived of th¢ divid¢nd due. Page 10
No.5 Young People Notes to the Fin4n¢i21 Statements for the Year Ended 31 March 2024 {continued) xpenditure All expenditure is recOgnid once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All c05ts are allocated to the applicable expendsture heading that aggregate similar cos15 to that category. Where costs cannot be directly attributed to particularheadings they have been allocated on a basis Consistent with the use olresourccs,with Centrni staff costs allocated on the basis of time spent. and depreciation ¢harge5 allocaied on the Pcprtion of thc a&s¢t'S Use. Other support costs are allocated based on thE spread of staff costs. RuisiA8funds These are cosL% incurred ill attracting voluntary income, the managernent of investments and those incurred in trading activities that rdise funds. Ch4ri¢able aciivitie Charitable expenditure comprises thcjgc cosLs incurred by the Charity in thc delivery of its activities and services for ils bencficiaries. Il includes both ¢08Ls that can be allocated directly to such aGtivities and thobe costs of an indirect nature necessary to support thcm. Governance costs Th&sc include the costs attributablc to the charity's compliance with constitutiunal and ststuts>ry requirements. including audit, strategic management and trustcc8 meetings and ffeimburscd expenses. Government grants Government granL% are re¢ognised based on the acenjal model and atr me&wred at the fair value of the asset re¢eived or rcceivable. Grants are cl&*8ified as rclating either to revenue or lo assets. Grants relating to revenue are fe¢ognised in iticome over the p¢riod in which the related costs are recognised. Grants relating lo assets are re¢ognis¢d over th¢ expected 8¢1 life of the a&set. Where part of a grdnl relating to an asset is deferred, it i re¢ogni5¢d as deferred income. Taxation Th¢ charity As considered to pas5 the tests s¢t out An Paragraph I Schedule 6 of the Finance Act 2010 and thcreforc it meets the definition of a Charitable company for UK corporalion lax purposes, AccordinEly, the charity is potentially exernpt from taxation in respect of Income or capi(dl gain5 received within calegories covered by Chapter 3 Part I l of the Cotporation Tax Act 2010 or Section 256 of tlie Taxation of Chargeabl¢ Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Int2nglble assets Intangible assets are stated in the Balance Sheet kt cost le&5 accumulatcd amortisation and impairment. They are amortl8ed on a straight line basis over their e51imated usthl lives. Tyngible fixed assets Individual red awts CtIrtg £1,000 or more are inilially recorded at cost, les5 any subsequent accumulaied deprrfiation and sub5equen( accumulated impairment losses. Amortisatio AOrtiSation 15 provided on inlangible fixed a55ets so as to write off the ¢Trsi less any estimated residual value, ovcr their expe¢ted useful economic life as follow$= Pagell
No.5 Young People Notes to the Financial Statements for the Year Ended 31 March 2024 (eontinued) Asset class Websilt development costs Atnortisation method And rate 3 years sttai¥hi luje D¢preeiation alld arnorti$atio DepTlatiOn is provided on wjgible fjxed asset% so as to write off the cosi or valuation, I any estimated residual value. over their expected useful economic lifc &s follows.. Asset Class Computer equipment Depr¥¢l#ilon method and rate 2 yeArs straight li Trade debior$ Tradc debtors are amounts due from Customers for m¢handSe sold or services perfornied in the ordinary Course of business. Trade debtors are r¢cognised initially at the tran¥aLtion price. 'fhey are subsequently measured at arnortised cost using the effective inieregL method, less provisio[] for inJpairn]ent. A provision tor ihc impairnicnt (>f trdde debiors is esthblished wlien there ib objectiv¢ evidence that Ihc Liwity will not be able iocollect all amounts due accordillg to the Original terms of tbe receivabL¢s. Cash and cash equiv*lents Cash and cash equivalents con)prise cash on hand and call deposits. and other short-m highly liquid investmenis that are readily convertible to a ktwn amount of cash and are subject io an insigDificant rik of ehaDge in value. Tr&de eredltors ¢ obligations to pay for goods or services that have been acquired in the ordinary course of bus'in¢ss frorn suppliers. Aecounts payable are Classifi as current liabililles if the does Dot have an unconditional righi, at tbe end of the reporting period. to defer settlement of the crediior for at Iva$t twelve months. dfier the reporting date. If there is an un¢oThditional rigbt to defer settlerne]]i for at least twelv¢ months after the rekxFriing date, they arc presented as t)on-currelli li&bihiies. are recognised initially ai the transaclion price and subsequently measurcd at arnortised cost using the effective interest meth(Ml. Fund strueture Unrestricted income funds ar¢ geTLerdl fullds thai are available for use at the trusiees discretion furtheraT]ce of the objectives of the charity. Restricted funds- these are funds that ¢8n only be used for particular restricted purposes within the object8 of the Charity. Restrictions arise when specified by the donor or when funds are raised for pthi¢ul8r restrictsd pu4)oses Page 12
No.5 Young People Notes to the Financial Statements for the Year Ended 31 MYdr¢h 2024 (continued) 2 Investment income Unrestricted funds General Total fund$ Intrrestreceivable and similar income. Interest receivable on bank dwils 982 982 Total for 2024 Total for 2023 3 Expenditure OD charitable activities Unrestricted fund General Rtstrleted fund5 Tot81 2024 Staff and related costs Progrydmme cosLs Rent and office costs Office administion ¢i>sts Goverance Costs 35,477 205.382 151.659 240,859 151,659 32,372 63,341 18,105 32.372 63,341 18,105 149 Unrestricted lllnds General Restricted funds Total 2023 Staff and relatrd costs Programme ¢08ts Rent and office costs Offite adminisltxtion costs Goverance costs 128,194 118,778 162.391 246,972 162,391 44.181 37,651 11.329 44.181 37.651 11,329 524 4 Net incomingloutgoing rosourees Net incomingl{outgoing) resources for the year in¢lud¢- 2024 2023 Depieciation of fixed Amortisatton of inlangible f¢d a55ets 1,800 450 Page 13
No.5 Youllg People Notes to the Financial Statements for the Ycir Ended 31 March 2024 (continued) 5 TrSteeS remuneration ad expenses No tnL8te£s, nor any persons ¢onne¢ted with them. have received any remunetaiion from the charity durillg the No Irusteeg have received any reirnbursed expenses or any otherbenefilg from the charity duritig the y¢or. 6 Staff Costs The aggregai¢ payroll Costs were as follows: 2024 2023 Statf costs during the year wore: Wages and salaries Social security Costs Penston cos 223.088 13,276 4,495 228,749 13,762 4,461 'rh¢ monthly average number of persons lincludillg setiior mallagem¢ni I l¢ad¢rthip t¢aTn) eTnployed by the hariry during thc year txpffeed as full titne equivalents was as follows.. 21124 No 2023 No Athnini5traiion Clinical No ernployee received emoluTnents of Ore ihan £60,000 during the year 7 Indeptndenl examiner's remwher#tlon 2024 2023 Other fees to examillers Examination.related assurance 5eryice Page 14
No.5 Young People Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 8 Taxation The charity is a registered charity and 18 therefore exempt from taxation. 9 Intangiblc fucd 4ssets Re5e#rch and developmenl Total Cost At l April 2023 Additions 30,375 3,375 30J75 3,375 At 31 March 2024 .I.3,750 33.750 Arnortisatio At l April 2023 Charge for the year 850 10.200 850 10200 At 31 March 2024 11.050 11,050 Net book value At 31 March 2024 22.700 22.700 At 31 March 2023 29,525 29525 10 T4ngible fixed a$5ets Furnitiire #nd eqllipment Total Cost At l April 2023 3,180 3,180 At 31 March 2024 3,180 3,180 Dppreciation At l April 2023 Charge for the year 450 1,800 450 1,800 At 31 March 2024 2.250 2250 Net l)ook value At 31 March 2024 930 930 At31 Matth2023 2,730 2,730 Page 15
Young People Notes to the Ffinanci81 Statements for the Year Ended 31 March 2024 (continued) 11 Debtors 2024 21)23 Tiade debr$ Prepaymcnts Other debiors 12.200 11,298 14,120 16.560 12 Creditors: amouuts f*lling due withln one ye4r 2024 21123 Trdd¢ Creditors Other taxation and s<Jcial security Othti crcdilor5 Accrual¥ Deferrcd income 11213 4.574 950 11,769 4.147 6,311 1,236 12,271 9.087 13 Pension and other sehemes Defined CODtributi&n pension seheme lThc Charity 0rateS a defincd Cottttibution penqion herne. The pension cost ¢harge for the ye¥s represenis oJ)tributiolls payable by the chatily to the scheme and amounted to £4,49S (2023.. £4.4611. Contributions iotslling £950 (2023.. £1,236) were payable to lh¢ s¢heme at the end of the year and are included ill creditors. 14 Funds Balance at I April 2023 Incoming rewurees Resources expended Balinte at 31 March 2024 Unrestricted funds Gthieral 123,345 173J03 (166,4951 130,153 Restrlcted ndS 130.764 405,585 (357,0411 179,308 Total funds Page 16
No.S Young People Notes to the Financial Statements for the Year Ended 31 March 2024 (conlinued) Balance at I April 2022 Ineomillg resources Rewurces expended Balance at 31 March 2023 Unrestricted fMDds Generdl 162.083 196,117 (234,8551 (281,169) 123,345 130,764 Restrieted funds 199.490 212,443 TDtal funds IS Related party trAnsactinns There were no related party traDsactions in thE year. Page 17