Charity registration number: 1171313 No.5 Young People Annual Report and Financial Statements for th¢ ye Ended 31 March 2025
Contents Reference and Athninistrativ¢ Details Truslees, Report 2to6 Independent Examinels Report Statement of Financial Activities 8t09 Balance Sheet io Notes to the Financial Statements 11 to 18
No.5 Young People Reference and Administrative Details Chairnian Benjamin McEwen Truste¢s Elizabeth Barry Ben Alexander Stone Deborah Edwards Benjamin M¢Ewen Joycee Rebelo Katie Steele Nelson Walters (resigned 18 May 2025) 1171313 Charity Registration Number Principal Offi¢¢ 101 Oxford Road READING RGI 7UD Independent Examiner Xeinadin South East Limited Unit 4 City Limits Danehill Reading Berkshire RG6 4UP
No.5 Young People Trustees, Report No. 5 Young People is a Charitable Incorporated Organisation {CIO) and w&s incorporated on 4 November 2016.The trustees present the annual report together with the financial statements of the ¢harity for the year ended 31 March 2025. Ob:eetives and 4¢tivities Obje(ts und aims Our mission is to provide mental health and emotional support to children, young people and those amund them i Reading, by actively cngaging wftth them, other service providers and community partncrs to deliverinnovativc mental health services. To ensure best practice by providing high quality training and continUOU5 professional developmcnt to all slaft, volunteers, young ambassadors, and other extcrnal organAsation8. No.5 is a charity providing free, confidential support, inforniation and coun5elling to young people aged 11-25, affected by mental or physical ill health or by socffial and economic difficulties. TheNo.5 Team The No.5 team consists of a ronge of committed professionals, including specialist qualified counsellors and counsellors on placement as part of the final stages of their post qualification specialist training. During the year we have continued io work alongside young people, the local community and our partners lo develop coproduced servi¢es. Every member of our team, WheVer their role, brings not only their skills and knowledge, but also their lived experience. We believe these experiences aTe a strength, and we work to channel them in a way that is compassionate, constructive, and in service of the young people we support. We work aIongside young people and othcr professionals as equal partner4 guided by the principles of co-production: listening dccply, valuing every voice, sharing power, and combining lived experience wilh professional expertise. As a trauma-informed organisalion, we focus on 5afetyy trusL choice, collaboration, and empowerment. We challenge the idea of'the problem" as somcthing fixed or owned by an individual, and instead work together to understand, adapt, and grow. We approach every interaction with open-mindedness, curiosity, and a willingness to leaTn- from our clients, from one another, and from the wider community. Services Provided No.5 has.. provided a five-day week counselling service that is available to young people. affected by emotional and mentsl h¢alth dIlcultieS maintained well established, safe clinical processes and procedures, ensuring we meet our safeguarding responsibilities and the confidentiality essential to supporting vulnerable young people developed opportunities, gained through building relationships with partners, businesses and independent funders to bridge the ever-widening gap in statutory service provision and funding
No.5 Young People Trustees, Report (continued) Public beneJlÉ Activities undertaken to further publi¢ benefit The trustees confirni that they have complied with the requirements of section 17 of the Charittes Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Achievements alld perfoThnan¢e No.5 generated income tor the year of £716,459 (2024: £578,888). £135,000 of this is an endowtllent from the Edward Gostling Foundation which can be drawn down over a 5-year period. The socio-economic climate remains extremely challenging for organisations across the Voluntary, Community and Social Enterprise (VCSE) sector. Demand for counselling services continues to grow, with approximately 1,000 young people currendy on our waittng list and an average of 100 new referraLs each mollth. This is accompanied by a marked increase in the complexity and s¢verity of the issues being presented, resulting in a greaterneed for intensive clinical work-including safeguarding measure multi-ag¢ncy collaboration, liaison, and reporting. Over the last 12 months we have.. Supported 801 young people through ¢ounselling Delivered 7,495 counselling sessions Consist¢ndy seen an average of a 4-point improvement in how young people feel at the end of their counselling versus th¢ beginning (on a scale of 1-10) . Continued provision of supervision to Designated Safeguarding Leads in 3 schools Delivered mental health workshops, reaching 35 young people Delivered 3 Creative Expressive Wellbeing projects, supporting 31 young people . Embedded the Intersedional Approach turther within our service delivery . Championed our presence and awarene&s with partner4 parents and carers, and young people via our social media channels Young Voic¢3has ¢ontinued to grow and evolve over the past year. Notablyj the group collaborated with the Community Salety Partnership at Reading Borough Council to make the annual survey more reachable and engaging for young people, resulting in improved response rates. Later in the year. Young Voices successfully led Reading's first Online Safety Summit, which attracted over 200 attendees and was widely praised. Young VoÉces is a dynamic and ever-changing group of young people. While not tully r¢pr¢5entative of Reading's demographic, they serve as valuable connectors to wider youth communities. Looking ahead, we are committed to strengthening the core group and exploring new, theme-based approaches to 8Jnplify youth voices across Reading. Importantly. Young Voices is not just a projeth-it repr¢s¢nts a way of working together that embodies coproduction. It begins by identifying areas of concern through dataor community insighL and then engaging in meaningful dialogue to uncover and understand the deeper issues behind those concerns. We are delighted to continue our long-tenn relationships with local businesses - Francis Construction, FfNK Street Food, University College of Estate Management (UCEM). Blue Collar Food, Village Financial Services, and BNI.
No.5 Young People Trustees, Report (continued) These partnerships strengthen young voices in the community and help to bring together young people and adults. We maintained our Real Living Wage Employer Mark throughout 2024125 ensuring that all paid staff re¢eiv¢ the Real Living Wage and are proud to be continuing this into 2025126. Risk Management The Trustees regularly review the major risks to which the Charity is exposed. A Risk Register which outlines the procedures to be taken in mitigation is maintained and reviewed at Trustee meetings. Fftnaneial review Policy on reserves The reserves policy of the Charity can be summarised as follows: Unrestricted reserves In line with the Charity Commission Guidance, No5 holds 6 months of unrestricted reserves for nornial overhead expenditure. It is considered importanl lo hold sufficient resources to continue the charitable activities should income generation and fundraising activities fall short of the required tat¥et. Thts level ot reserves would enable the Charity lo adminisler an orderly wind-down should it be necessary to cease activities and close. The trustees re-85ses5 the policy at the end of each financial year. Based on this policy an unrestricted reserves balance of£120,000 is considered appropriate. Restricted reserves Grants and donations received by the charity for specific purposes are accounted for in accordance with the restrictions imposed. Restricted reserves cannot be re-designated and are not part of the general reseThes. The trustees consider that the reserves policy should ensure that there is an effective strategic planning me¢hanism where reserves can be maintained at an appropriate level. Designated reserves No5 holds £47,000 designaled reserves lo meet the need of relocating during 2025126. The Endowment Fund from the Edward Gostling Foundation (£135,000 total), can only be drawn down in the following way= Restricted to £27,000 per year for the years 2025126, 2026127, 2027128, 2028129 and 2029130. Princlpnlfundlng sources The principal funding sources during the year were the National Lottery Reaching Communities (£97,000), Henry Smith Charity (£70,000), Blagrave Trust {£32,000), The Considered Ask (£41,000), Edward Gostling Foundation (£25,000), and Buckinghamshire, Oxfordshir¢ and Berkshire West Inlegrated Care Board £31.000).
No.5 Young People Trustees, Report (continued) This year, we were grateful to receive our second multi-year nding, this time from The Henry Smith Charity (£210,000 over 3 years). Once agai significant funding w&% achieved through match ftinding vi& The Big Give. This achievement requires considerable commitment of our partneo supporters and donors, along with the maintaining of our reciprocal relationships with them all. This year a total of £56,000 was achieved (£45,000 through the Christmas Challenge, and £10,000 through Kind2Mind). Funding was also provided by the 29th May 1961 Charitable Ttust, Peter Harrison Foundation, De La Rue Corporate Foundation, Berkshire Nurses and Relief in Need TrusL and Berkshire Community Foundation. A summary of the year's Restricted Grdnls is set out in Note 14 of these Accounts. Th¢ trusfres would like to gkve special thanks to all the trusts, foundations, companie4 community groups and individuals who have supported No5 during the year. In particular, we would thank the following.. Greenham Common Trust, UCEM, Rotary Club of Reading Matins, Francis Construction, St Laurence Church, FINK Street Food, Blue Collar Food, Village Finoncial Services, and our fellow BNI members. Strueture? governance and management Organi$001 Structhre Management Ttustee meetings are held each month with senior management. The trustees provide their time free of charge. None of the trustees had a material inlerest in any contract of significance to which the Charity was paty during the period of these accounts.
No.5 Young People Trustees, Report (continued) StaÉenBellt of Trustees, Responsibiiities The trustees are responsiblc forpreparing the Inees, report and the financial statements in accordance with the United Kingdom Accounting Standards (Unitcd Kingdom Generally Accepted Accounting Practice) and applicablc law and regulations. The law applicable to Charities requires thc trustecs to prepare financial statemcnts for ca¢h linancial y¢ar which give a true and fair view of the state of affairs of the charity and of ihe incoming resources and application of Tesources of the charity for that period. In preparing these financial statement& the trustees are required to.. select suitsble accounting policies and ihen apply them consistently. observe the methods and principles in the Charities SORP. make judgements and estimates that are renable and prndent. state whether applicable accounting standards have been followe( subject to any material departures disclosed and explained in the financial statements. and prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in businLss. The trustees are responsiblc for keeping proper accounting rccords that disclose with reasonable accuracy at any time the financial position of thc Charily and enable them to cnsure that the tinancial statements comply with the Charities Act 2011, thc Charities (Accounts and Reports) Rcgulalions 2008, and thc provisions of the constitution. l-he trustee.s are also responsible for safeguarding the assets of the charity and hence for taking rcasonable steps for thc prevenlion and dete¢tion of fraud and other irregularilies. The truslees are responsible for the maintenance and integrity of the corporate and financi information included on the charitable company's website. Legislation governing the preparation and dissemination of financia] statements may differ from l¢gislation in other jurisdi¢tion5. The annual report was approved by the trustees of the charity on ..20jA2o2sand signed on its behalf by: Benjamin McEwen Chairn]yn and trustee
No.5 Young People Indepclldent Examiner's Report to the tru3te¢s of No.5 Young Peopl¢ I report to the trustees on my examination of the accounts ofNo.5 Young People for the year ended 31 March 2025. Respollsibilities and basis of report As the charity trustees of No.5 Young People you are responsible for the preparation of the accounts in accordance with the requirements of thc Charitics Act 2011 {'the Act,). report in respecl of my examination of the No.5 Young People's accounts carried oul under section 145 of thc 2011 Act and in CaIng out zrLy examination I have followed all the applicable Directions given by the Charity CommissÈon under section 145(5)(b) of the Act. Independent examiner's statement ince No.5 Young People's gross income exceeded £250,000 your examiner must be a member ot a body listed in section 145 of the 2011 Act. I confirnl that I am qualified to undertake the examination because l am a member of ICAEW. which is one of the listed bodies. I have Completed my examination. l ¢onfirn) that no material matters have to my attention in connection with the examination giving me ¢ause to b¢li¢v¢ that in any material respect: aoUntIng records were not kept in respect of No.5 Young People &s required by section 130 of thcAct" or 2. thc accounts do not accord with those records- or 3. the accounts do not comply wittL thc accounting requirements concerning the lonn and content of accounts set out in the Charities (Accounts and Rcports) Regulations 2008 other than any requircment that the accounts give a'true and fair view, which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters An connection with the examination to which attention should be drawn in this report in order to enable a proper uThderstanding of the accounts to be reached. Keith Westran ICAEW Unit 4 City Limits Danehill Reading Berkshire RG6 4UP /:/
No.5 Young People Statement of Finallcial Activities for the Year Ended 31 March 2025 Unrestricted flld3 RtstrRcted fupds Total 2025 Note ID¢ome and Endowments from.. Donations and legacie5 93,757 498.424 592,181 Charitable activities 123,836 123,836 Invcstment income 442 442 Total income Espenditure on: Raising funds (15,455) (15,455) Charitsbl¢ activities (197,515) (332,238) (529,753) Total expenditure Nct income Net movement in funds 5,065 166,186 171,251 Reconciliation of funds Total funds brought forward 130,153 179,308 309,461 Toial fimds ¢atTied forward 14
No.5 Young People Statement of Financial Activities for the Year Ended 31 March 2025 (CODtinued) Unrestrlcted funds Restricted nds Total 2024 Income and Endowments from: Donations and legacies Note 69.938 405,585 475,523 Charitable activitics 94,400 94,400 Other trading activilies 7,983 7,983 Investment income 982 982 Total incotfle Expellditll on: Raising funds {17,200) (17,200) Charitable activities (149,295) (357,041) (506,336) Total expenditure Net income Net movement in ftmds 6,808 48,544 55,352 Reeoneiliation of funds Totsl funds brought forward 123,345 130,764 254,109 Total funds Caled forward 14 All of the charity's activities derive from continuing operations duritvg the above two periods. The funds breakdown for 2024 is shown in note 14.
No.5 Young People Balance Sheet as at 31 March 2025 2025 2024 Note F¢d assets Intangible assets Tangible assets 12,500 22,700 930 io Current assets Debtors Cash at bank and in hand li 28,508 462,397 23,498 294,986 490,905 318,484 Creditors: Amounts falling due Ivithin one year 12 (22,693) (32.653) Net current assets Net assets Funds of the charity: Restricted in£tsme funds Restricted funds 208,244 179,308 Edward Gostling endowmeni fiEnd 137,250 Unrestricted ineome funds Unresiricted funds 135,218 130.153 Tot21 funds 14 The financial statements on pages 8 to 18 were appToved by the trustees, and authorised for is5uc on APjD.Ipryry.%Q2.6and signed on their behalf by.. Benjamin McEwen Chairn]an and trustee io
No.5 Young People Notes to the Financial Stat¢meDts for the Year Ended 31 March 2025 l A¢couDting poli¢i¢s Statement of Compliance The financial statements have been prepared in accordance with the second edition of the Ch'itieS Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the Unifrd Ktngdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparatlon No.5 Young People Tnects the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under thc historical cost convention with item5 recogniscd at cost OT transaction value unless othcrwisc statcd in thc relevant note(s} to these accounls. Going eoneern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income endowments Voluntary income including donation5, gifts, legacie5 and grants that provide core funding or are of a gencral nature is recognised when the charity has enlitlement to the income, it is probable that the income will be received and the amount can b¢ measured with sU1¢icnt reliability. Donations #nd legaeies Donations and legacies are recognised on a receivable basis wh¢n re¢¢ipt is probable and the amount can be reliably measured. Grants receivable Grants are tEcognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where perforniance conditions are attached the grant and are yet to be met, the income is recognised as a liability and included on the balance th¢¢t as deferred income to be released. Deferred Ineome Deferred income represents amounts received for future periods and is released to incoming resources in the period for which. it has been received. Such income is only d¢f¢rred when: - The donor specifies that the grant or donation must only be used in future accounting periods" or- The donor h&8 imposed conditions which must be met befoiE the charity has unconditional entitlemenL Investment income Dividends are recognised once the dividend has been declared and notification has bctn received of the dividend due. The noks on pagcs 1 I to 18 fonn an integral part of these financial statements. F4xpellditure All expenditure is rccognised once thcrc is a legal or constructive obligation to that cxpenditure. it 15 probable settlement is required and the amount can be mcasured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs camiot be dircctly attributed to particular headings they have been allocated on a basi5 consistent with the us¢ ot-resource4 with central staff costs allocated on the basis of time spenl, and depreciation charges allocated on th¢ portion of the asset's use. Other support costs ar¢ allocated based on the spread of staff costs. The notes on pages I I to 18 forni an integral part of these Fllwiclal Statements.
No.5 Young People Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Raising funds These are Costs inctUTed in attracting voluntary income. the management of investments and those incurred in trading aclivities that raise funds. C.britble aetivfities Charitable expenditure comprises those cost5 incurred by the charity in the delivery of its actLVlties and services for its beneficiaries. It includes both costs thal ¢an be allocated directly to such activities and those costs of an indirect nature neceary to support them. Governance costs These include the costs attributable to the Charity's compliance with constitutional and statutory requirements. including audit, strategic management and trustees meetings and reimbursed expenses. Covernment grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised ill income over the period in which the relaled costs are recognise(L Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferre¢ it is recognised as deferred income. Taxation The charity 15 considered to pass the test5 set out in Paragrdph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporalion purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains re¢eived within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the TatIon of Chargeabl¢ Gain5 Act 1992, 10 the extent that such income or gains ar¢ ¥pplied exclusively to charitable purposes. Inknngible assets Intangible assets are stated in tFLe Balance Sh¢et at cost less accumulated amortisation and impairnient. They are amortised on a straight line blS over their estimated useful lives. Yangible red assets Individu fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depre¢iation and subsequent accumulated impairnient losses. The notes on pages I I to 18 fonn an integral part of these financial staiements. 12
No.5 Young People Notes to the Financial Statements for the Year Ended 31 March 2025 {conlinued) Amortisatio Amortisation is provided on intangible fixed &ssets so as to write off the cost, less eny estimated residual value, over thcir expecied useful economi¢ life as follows= Asset Class Website development costs Depreellation and amortisation Depreciation is provided on tangible fjxed &ssets so as to write off thc cost or valuatior4 less any estimated residual va]ue, over their expected use1 economic life as follows- Asset class Computer equipment Trade d¢btors Trade debtors are amounts due from customers for merchandise sold or services perfornied in the ordinary course of business. Amortisalion method and rale 3 years straight line Depreciation method and rate 2 years straight line Trade debtors ar¢ recognisgd initially at th¢ transaction pric¢. They are subsequently measured at amortised cost using the effective interest methol less provision for impairnlent. A provision for the impairnient of trade debtors is established when there is objective evidence that the charity will not be able to collect all attLounts due according lo the original tern]s of the receivable& Cash and c4sh equivalents C&sh and cash equivalents Comprise cash on hand and call deposits, and other short-tem highly liquid investments that are readily convertible to a known amount ot cath and are subject to an insigniticant risk of change in value. Trade creditors are obligations to pay for goods or s¢rvic¢s that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the docs not have an unconditional right, at thc end of the reporting period, to dcfer settlement of the creditor for at least twelve months after the reporting dale. If ihere is an uncondilional right to d¢f¢r scttlcmcnt for at Icasl twclve months after the reporting datc, thcy are presented as non- current liabilities. are recognised initially at the transaction pri¢¢ and subsequently measured at amortised cost using the effective interest method. Fund strueture Unrestricted income funds are general tunds that are available for use at the trustees discretion in fi]rtheran¢e of the objectives of the charity- R¢stri¢ted funds- these are fLd$ that can only be used for particular Testricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes The notes on pages I I to 18 form an integral part of these fmancial statements. 13
No.5 Young People Notes to the Financial Statemellts for the Year Ended 31 March 2025 (continued) 2 Investment income Unrestrieted nds Total General fiinds Interest receivable and similar income. Interest receivable on bank deposits 442 442 Total for 2025 Total for 2024 3 Expenditure on charitsble activities Unres¢ricted fullds Restricted Total GeDer*l funds 2025 Staff and related costs Programme costs Rent and oifice costs Office administration costs Governance costs 81,424 182,523 149,715 263,947 149,715 32,159 66,909 17,023 32,159 66.909 17.023 Unrestriettd funds Re5trieted Totsl Gelleral funds 2024 Staff and related costs Programme costs Rent and office Costs ottice administration costs Governance costs 35,477 205,382 151,659 240,859 151,659 32,372 63,341 18,105 32,372 63,341 18,105 The notes on pages I I to 18 fom an integral part ot these financial statements.
No.5 Young People Notes to the FiDancial Statements for the Year Ended 31 March 2025 (eontlllued) 4 Net 1cOmIng1tgofig resources Net in¢oming resources for the year include: 2025 2024 Deprcciation of fLxed assets Amortisation of intangible fixed ass¢ts 930 1.800 10,200 10,200 S Trustees remllntration and expenses No trustee4 nor any persons Connected with them. have received any remuner&tion from the charity during the year. No trnslees have received any reimbursed expen5¢s or any other benefits from the charity during the year. 6 Stsff costs The aggregate payroll costs were as follows= 2025 2024 Staff costs during the year were: WagLs and Sdlarte Social security costs Pension costs 245,218 13,959 4,769 223,088 13,276 4,495 The monthly average number of persons {including senior management I leadership team} employed by the charity during the year expressed as full time equivalenls was as follows: 2025 2024 Admintstration Clinical No employee received emoluments of more than £60,000 during the year The notes on pages I I to 18 forni an integral part of these flnancial statements. 15
No.5 Young People Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 7 lttdependellt eximlner's reD)UDerxtion Other fees to ¢xamlners Examination-related assurance services 3,200 3,000 8 Taxation The charity is a registered charity and is th¢refore exempt from taxation. 9 Intangible fixed assets Researeh and deve!opmeEt Totsl Cost At l April 2024 33,750 33,750 At 31 March 2025 33,750 Amorti5ation At l April 2024 Charge for the year 11,050 10,200 11,050 10,200 At 31 March 2025 Net bookvalue At 31 March 2025 12,500 12,500 At 3 l March 2024 The notes on pages I I to 18 forn) an integral part of these financial statements. 16
No.5 Young People Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 10 Tangible fixed #ssets Furniture and equipmentTolal Cost At l April 2024 3,180 3,180 At 31 March 2025 3.180 3.180 Amortisation At l April 2024 Charge for the year 2,250 930 2,250 930 At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 JI Debtors 2025 2024 Trade debtors Prepayments 16,100 12.408 12,200 11,298 12 Creditors: amounts falling due within one year 2025 2024 Trade ¢reditors Other taxation and social security Other creditors Accruals Defe¢d income 9,105 5,075 928 3,200 4,385 11,213 4.574 950 11,769 4.147 The note5 on pages I I to 18 form an Inte part ot these fmancial statements. 17
No.5 Young People Notes to the Financial Statements for the Year Ended 31 Marcb 2025 (Continued) 13 Pension and other sehemes Defined contributlon peDsion seheme The charity operales a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £4,769 (2024: £4,495). Contributions totalling £928 {2024: £950) were payable to the scheme at the end of the and are included in creditors. 14 Fullds Balance at I April 2024 Incoming resources Resourees expended Balanee at 31 Mar¢h 2025 Unrestricted funds General 130,153 218,035 (212,970) 135,218 Restricted funds 179,308 498,424 {332,238) 345,494 Total funds Ballnee at I April 2023 Incoming sources R¢sourees espended Balanct at 31 Mareh 2024 Unrestricted lunds General 123,345 173,303 (166,495) 130,153 Restricted funds 130,764 405,585 {357,041) 179,308 Total funds IS Related party trattsattions There were no related paty transactions in the year. The notes on pages I I to 18 forni an integral part of these financial statements. 18