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← Young Hammersmith And Fulham Foundation

2025-03-31-accounts

YOUNG HAMMERSMITH a FULHAM Young Hammersmith & Fulham Annual Report & Financial Statements 2024-25 Charity no. 11717491 www.younghandf.org.uk

YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Contents:

Contents:
Trustees Report.............................................................................. 3
A Message from the CEO................................................................ 4
Mission & Vision............................................................................ 6
Values & Principles........................................................................ 6
Structure, Governance & Management......................................... 6
Key Activities & Achievements...................................................... 10
Challenges in 2024/25 & Priorities for 2025/26............................. 12
Financial Review........................................................................... 14
Conclusion.................................................................................... 14
Independent Examiner’s Report…………………………………………………. 16
Statement of Financial Activities ……………………………………………….. 17
Balance Sheet…………………………………………………………………………….. 18
Statement of Cashflows……………………………………………………………… 19
Notes to the Financial Statements……………………………………………… 20

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Trustees Report for the Year Ended March 2025

The Trustees present their Report and independently examined Financial Statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 (SORP 2019), FRS 102, the Charities Act 2011, and UK Generally Accepted Accounting Practice.

Charity Registration Number 1171749

Registered Office: 1EdCity, 1 Edcity Walk, London W12 7TF

Trustees

The Trustees who held office during the year, unless otherwise indicated, were as follows:

Principal Officer

Gareth Dixon, Chief Executive Officer (CEO), non-voting

Independent Examiner

Simon Erskine FCA FCIE DChA 61 Mortimer Road London NW10 5QR Tel: 0208 964 0198

Bankers

CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4JQ

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

A Message from Young Hammersmith & Fulham’s CEO, Gareth Dixon

Dear members, partners, funders and friends,

2024/25 has been a year of hard graft and quiet, essential shifts for Young H&F.

With our 2024–2027 strategy now in place, we spent this year turning it from a document into a day-to-day reality. That has meant getting much clearer about what we’re here to do: develop the youth sector in H&F, bring in resources through partnerships and grants, and organise with young people so their voices shape decisions. Almost everything we did between April 2024 and March 2025 sits somewhere within those three aims.

On the ground, our core offer remained the same: a membership network of over 100 organisations, regular forums and training, and a steady flow of advice, introductions, and behind-the-scenes problem-solving. We continued to convene spaces where youth workers, leaders and partners can share practice, compare notes and not feel like they are doing this work alone. This year included training on safeguarding, autism awareness, fundraising and healthy relationships, as well as informal peer spaces and networks.

Through our role as a funder and grant-maker, we channelled over £100,000 into the local sector during 2024/25. That included Addison Youth Grants to grassroots organisations, support for supplementary schools, and small grants that allowed members to test ideas, keep doors open and respond to very local needs. Alongside this, we worked with partners on nearly £500,000 of funding applications to bring new investment into Hammersmith & Fulham. For a small team, that’s a significant contribution to the borough’s youth offer.

Some of our most visible work this year came through partnership projects. Our community engagement for the PlayZones programme reached more than 600 residents through surveys and events. It directly informed the decision to invest in new multi-use games areas at Eel Brook and on the Edward Woods Estate. The emphasis on women and girls, disabled residents, low-income households and diverse communities reflects our conviction that good spaces for play and sport are a matter of equity, not just amenity.

We also completed the delivery phase of Ready, Steady, Connect, which provided mentoring and pastoral support to nearly 200 young people and capacity-building for 10 local charities. The young people involved have gone on to take up leadership roles in schools, youth boards and community spaces; one is now speaking in assemblies and applying for a computing degree after being at real risk of dropping out. Projects like this show what is possible when we combine long-term funding, trusted youth organisations and genuine youth leadership.

Our international exchange with Mitte, Berlin, in November 2024 was another highlight. Hosting nine youth work professionals from Berlin gave us a fresh perspective on our own system. The contrasts were stark – a stronger statutory base and social pedagogy tradition in Germany; a more mixed, community-led ecology here – but the challenges were familiar:

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

mental health, space, and ensuring that opportunities reach the young people who need them most. The conversations that week have already sparked plans for future staff and youth exchanges and have strengthened our belief that H&F has something important to contribute to broader debates about youth work.

Behind the scenes, we have invested in our own infrastructure. We migrated our data systems onto Plinth, began testing a new SMART outcomes framework for each of our strategic aims, and introduced clearer objectives and supervision processes for staff. None of that is glamorous, and it all takes time away from delivery in the short term, but it matters if we want to be a reliable, learning organisation over the long term.

We have not been immune to pressure. The demands on a five-person team are significant. We have juggled major programmes, a system change, recruitment, a rebrand and everyday support to members. The risk of burnout is real, and we have had to think carefully about what we can take on and where we add the most unique value. We have also continued to navigate a funding environment where infrastructure work is essential but not always easy to explain or resource.

Despite that, I end this year feeling proud and hopeful. Proud of a staff team who continue to show up for the sector and for each other. Proud of Trustees who have leaned into strengthening governance, performance and financial planning. Proud of members who keep doing the daily work with children and young people, often under intense pressure. And hopeful because, together, we are building something more than the sum of our parts: a connected, confident youth sector in Hammersmith & Fulham.

To our funders, thank you for backing an organisation whose impact is often indirect but no less real for that. To our partners in the council, schools, health and beyond, thank you for trusting us as a bridge. To our members, thank you for your honesty, creativity, and relentless commitment to young people. And to the young people of H&F, thank you for telling us what is really happening in your lives and for pushing us to do better.

We still have a long way to go. But this year has moved us forward – in our systems, our partnerships and our shared understanding of what it will take to make Hammersmith & Fulham the best place in London to grow up.

With my thanks and very best wishes,

Gareth Dixon

Chief Executive Officer

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Mission & Vision, Principles & Values

Over the past year, we have refined our mission and vision as part of our wider communications work. This was not a change in direction, but a sharpening of how we articulate our purpose - ensuring our language is firmly rooted in what we do day to day, whilst clearly expressing what we are working towards for the future.

Our mission is to strengthen Hammersmith & Fulham’s youth sector by supporting the individuals and organisations working with young people. Our vision is a borough where every young person can thrive, supported by a strong, connected and well-resourced youth sector.

Principles & Values

Our principles and values remain unchanged from the previous year and are consistent with the Young H&F Strategy 2024–2027.

They continue to centre on:

Our core values of Accountability, Ambition, Collaboration, Creativity and Integrity remain the

foundation for how we work with the youth sector in Hammersmith & Fulham.

Structure, Governance and Management

Governing Document

Young Hammersmith and Fulham Foundation (legal name) was registered as a charitable incorporated organisation (foundation) on 22[nd] February 2017. It is governed by its Constitution.

Related Charities

There are no related charities.

Appointment of Trustees

Management of the Charity is vested in a Board of Trustees. Trustees are elected at each Annual General Meeting and may co-opt further Trustees as set out in the Constitution.

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Induction and Training of Trustees

All new Trustees are given induction information, which includes the latest annual report and accounts, current policies (including Safeguarding), operational plans and financial forecasts. They are also given opportunities to meet other Trustees and senior staff, to provide further insight into the management and operations of the Charity. Senior staff are present at Trustees’ meeting to provide information and support.

Organisational Structure

The Trustees are responsible for the overall financial control, direction, and work of the Charity. It meets approximately four-six times per year with the CEO and with ad hoc advisers, who have no voting rights. Day-to-day responsibilities are delegated to the CEO within a framework of approved policies and operational plans, who manages the staff listed below.

Trustees (Board of Trustees)

CEO (non-voting) Partnerships and Grants Manager Marketing and Communications Manager Membership and Engagement Manager Impact Manager Project Support and Admin Officer Supplementary Schools Officer

Internal Controls

The Trustees have prepared a Financial Control Policy to document procedures in place to ensure all staff working in the Charity, especially those involved in the accountancy operation, correctly adhere to such controls. This should ensure that an audit trail can be followed, and that allocation of costs have been properly ascertained and properly recorded. All transactions are recorded in proprietary accounting software, enabling a tracking of all transactions and monthly bank reconciliations to be carried out.

Objectives and Activities

Background

The charity supports opportunities for young people, in Hammersmith and Fulham, in collaboration with its Members, Partners and Supporters. The Charity is an infrastructure organisation supporting other charities with their fundraising, their sustainability, and communications.

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Funded by John Lyon’s Charity and City Bridge Trust, Young People’s Foundations (YPFs) were developed in 2016 in response to the ongoing challenges facing the Children and Young People’s sector.

Through additional funding from LBHF, Young H & F was formed in 2017 and is the local Membership charity that supports the infrastructure of the sector in the borough of Hammersmith & Fulham.

Our membership spans grassroots VCS organisations, public sector and education partners, and corporate supporters - all united by a shared commitment to improving outcomes for young people in Hammersmith & Fulham.

Our membership categories include:

Objects

The objects of the CIO (‘the Objects’) are:

(1) The promotion of the efficiency and effectiveness of charities and the effective use of charitable resources by organisations working with children and young people for the benefits of the public by providing support, advice, and training for charities and through assisting noncharitable organisations to directly further a charitable purpose.

(2) To advance in life and relieve the needs of young people through making grants to organisations that do any or all of the following:

(a) the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life.

(b) providing support and activities which develop their skills, capacities, and capabilities to enable them to participate in society as mature and responsible individuals.

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Public Benefit

The main activities for the organisation will include, but not be limited to:

In planning to meet the objectives we are satisfied that the activities fulfil the public benefit requirement referred to in the Charity Commission’s general guidance. As well as benefit to the individuals concerned there is a broader gain for the public.

Children and young people in some of the most disadvantaged parts of LB Hammersmith benefit from improved access to opportunities and services including youth clubs, adventure playgrounds, supplementary schools, sports, art, music, and theatre.

Children and young people benefit from:

Local voluntary and community children and youth organisations benefit from:

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Key Activities & Achievements 2024-25

DRIFT Project (Deep-Rooted Relationship Intervention Futures Together)

This year concluded our involvement in the DRIFT project. This three-year programme played a vital role in supporting safe school transitions, reducing disengagement and strengthening family-school relationships.

PlayZones Community Engagement and Research

This borough-wide community engagement and research project explored what local communities need from public spaces for sport, movement and connection

International Partnerships - Young H&F & Berlin Exchange

This exchange strengthened international learning and informed future partnership development.

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Financial Investment in the Youth Sector

These grants made in 2024-45 provided critical funding to grassroots organisations, strengthening frontline youth provision across the borough.

Youth Voice & Development

Community Membership Engagement

These activities strengthened peer learning, professional practice and collaboration across the local youth sector.

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Challenges in 2024/25 & Priorities for 2025/26

Challenges in 2024/25

As well as achievements, this year exposed several challenges that we need to acknowledge and respond to.

1. Capacity and pace in a small team

2. Making infrastructure work visible and fundable

3. Managing change while delivering business-as-usual

4. Balancing breadth and focus

Our 2024–27 strategy rightly sets out an ambitious agenda across membership development, partnerships and grants, and youth voice and organising. In practice, we have sometimes found it difficult to choose between good opportunities and to focus on the work where Young H&F is uniquely placed to lead. This is particularly important as we deepen our work on themes like mental health and healthy relationships.

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Priorities for 2025/26

In response, our priorities for the coming year are clear.

1. Embed our strategy and outcomes framework in everyday practice

5. Amplify youth and community voice on key themes

6. Tell the story of the sector more confidently

Finally, we will invest in how we tell our story and the story of our members. Through the rebrand, improved communications and better use of data, we want to make it

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

easier for decision-makers and funders to see the difference that a strong, connected youth sector makes – and why it deserves long-term investment.

Taken together, these priorities are about consolidation and focus . We want to build on the foundations laid in 2024/25, protect our people, and make sure that every hour we spend and every pound we raise moves us closer to our shared goal: a borough where every young person can thrive, supported by a confident, collaborative and well-resourced youth sector.

Financial Review

Total net incoming resources for the year was £422,203 (2024: £397,007) details of which are shown in the Statement of Financial Activities. Total expenditure for the year was £448,639 (2024: £379,054). The balance of funds at the end of the year was £165,857 (2024: 192,294) The balance of unrestricted funds carried forward was £149,210 (2024: £123,216).

Funds and Reserves

The trustees have carefully considered the Charity’s needs to hold reserves for dealing with unforeseen circumstances and, to the extent that further funds permit, for investment in future activities. We have decided that a target level for the General Reserve should be the equivalent of between 3 to 6 months of operating costs.

Conclusion

2024/25 has been a year of consolidation and steady progress for Young H&F. We have taken the first fundamental steps in turning our 2024–27 strategy into practice – sharpening our focus on sector development, partnerships and grants, and youth voice and organising, while continuing to provide the everyday support that members rely on.

Over the year, we have helped to bring new investment into the borough, directed over £100,000 in grants to local organisations, completed major partnership projects such as Ready, Steady, Connect!, and played a central role in shaping the PlayZones programme so that it reflects the needs and realities of local communities. Our exchange with colleagues from Mitte, Berlin, reminded us that Hammersmith & Fulham’s youth sector has something important to offer, as well as much to learn, in conversations about how cities support their young people.

Behind the scenes, we have strengthened our foundations: introducing more precise objectives and staff supervision, migrating to Plinth, and designing a SMART outcomes framework to help us understand and communicate our impact more clearly in the years ahead. These changes have demanded time and energy, but they position us to be a more effective, more resilient infrastructure body for the long term.

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

None of this would have been possible without the commitment of our members, the trust of our funders and partners, the stewardship of our Trustees and the hard work of a minor, dedicated team. Most importantly, it rests on the insight, honesty and energy of the young people of Hammersmith & Fulham, who continue to tell us what is working, what is not, and where we need to go next.

As we move into 2025/26, our focus is clear: to embed our strategy, protect and strengthen our core capacity, deepen place-based partnerships, and amplify youth and community voice on the issues that matter most. We remain committed to working with others to build a borough where every young person can thrive, supported by a confident, connected and well-resourced youth sector.

Approved by the Trustees and signed on their behalf

==> picture [202 x 41] intentionally omitted <==

Patrick Bourke

Chair

Date:

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Independent Examiner’s Report

to the Trustees of Young Hammersmith and Fulham Foundation

I report to the charity trustees on my examination of the accounts of Young Hammersmith and Fulham Foundation for the year ended 31 March 2025 which are set out on pages 13 to 23.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Your attention is drawn to the fact that the Charity has prepared the financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

Emphasis of matter

As explained in Note 1, the Trustees have made notes of their concerns about going concern and the future of the activities of the Charity .

Simon Erskine FCA FCIE DChA 61 Mortimer Road London NW10 5QR Date: 22/01/2026

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

STATEMENT OF FINANCIAL ACTIVITIES

INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations
2
Charitable Activities
3
Interest Receivable
4
Total income
Expenditure on:
Charitable activities
5
Net incoming/(outgoing)
resources before transfers
Gross transfers between funds
Net (expenditure)/income for
the year/
Net movement in funds
Fund balances at 1 April 2024
Fund balances at 31 March 2025		 Unrestricted
Restricted
Total Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
211,690
162,170
373,860
208,694
117,760
326,454
43,951
(262)
43,689
4,220
61,955
66,175
4,654
-
4,654
4,378
-
4,378
260,295
161,908
422,203
217,292
179,715
397,007
232,809
215,830
448,639
238,490
140,563
379,054
27,486
(53,923)
(26,436)
(21,199)
39,152
17,953
(1,492)
1,492 -
(700) 700 -
25,994
(52,431)
(26,437)
(21,899)
39,852
17,953
123,216
69,078
192,294
145,114
29,227
174,341
149,210
16,647
165,857
123,216
69,078
192,294

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

BALANCE SHEET AS AT 31 MARCH 2025

Notes
Current assets
Debtors
8
Cash at bank and in hand
Creditors: amounts falling due within
one year
9
Net current assets
Income funds
Restricted funds
11
Unrestricted funds		 2025
£
48,304
277,821		 2024
£
£
£
15,664
183,216
198,880
6,586
165,857
192,294
16,647
69,078
149,210
123,216
165,857
192,294		 2024
£
£
£
15,664
183,216
198,880
6,586
165,857
192,294
16,647
69,078
149,210
123,216
165,857
192,294
326,125
160,268
69,078
123,216
192,294

The financial statements were approved by the Trustees on:

==> picture [167 x 34] intentionally omitted <==

………………………

Patrick Bourke

CHAIR

Date:

19

YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

Note
2025
£
Cash flows from operating activities
Cash generated from/(absorbed by) operations
15
Investing activities
Investment income received
4,654
Net cash generated from investing activities
- 128
Net cash used in financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
£
90,078
(165,205)
-
4,527
-
-
-
94,605
(165,205)
183,217
348,421
277,821
183,217

20

YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. Accounting policies

Charity information

Young Hammersmith and Fulham Foundation is a Charitable Incorporated Organisation (CIO).

1.1. Accounting convention

The financial statements have been prepared in accordance with the Young Hammersmith and Fulham Foundation’s Charitable Incorporated Organisation Constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Young Hammersmith and Fulham Foundation is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Young Hammersmith and Fulham Foundation. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2. Going concern

The trustees have assessed the charity’s ability to continue as a going concern, taking into account its financial position, cash flow forecasts, and funding commitments for at least twelve months from the date of approval of the financial statements.

Factors supporting the conclusion that the charity is a going concern include the charity’s current level of free reserves, ongoing cost control measures, and the trustees’ ability to adjust expenditure in response to changes in income. The charity also has a track record of securing funding from a range of sources.

However, the trustees recognise that there are material uncertainties which may cast doubt on the charity’s ability to continue as a going concern. These uncertainties include reliance on the renewal of LB Hammersmith and Fulham core funding, timing of future fundraising income

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

NOTES TO THE FINANCIAL STATEMENTS AT 31 MARCH 2025

Accounting policies (cont.)

considering some applications will be submitted to new funders, and exposure to increases in operating costs.

Notwithstanding these uncertainties, the trustees believe that the charity will be able to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis in preparing the financial statements.

1.3. Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4. Income

Income is recognised when the Young Hammersmith and Fulham Foundation is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Grants are recognised in the financial statements when due. Donations are recognised when received. Contract Income is recognised when the related services have been provided.

Cash donations are recognised on receipt. Other donations are recognised once the Young Hammersmith and Fulham Foundation has been notified of the donation, unless performance conditions require deferral of the amount.

1.5 Expenditure

Expenditure is accounted for on an accruals basis and includes irrecoverable VAT. Grants payable are recognised as expenditure when payment is due to the partner organisation in accordance with the terms of the agreement.

1.6. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other shortterm liquid investments with original maturities of three months or less, and bank overdrafts.

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

NOTES TO THE FINANCIAL STATEMENTS AT 31 MARCH 2025

Accounting policies (cont.)

1.7 Financial instruments

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Young Hammersmith and Fulham Foundation’s contractual obligations expire or are discharged or cancelled.

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9. Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

NOTES TO THE FINANCIAL STATEMENTS AT 31 MARCH 2025

2. Donations and Legacies

Donations and gifts
Grant income
Legacy income
Other		 Unrestricted
funds
Restricted
funds
Total
Unrestricted funds
Restricted
funds
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
4,040
-
4,040
1,230
-
1,230
207,650
162,170
369,820
207,464
117,760
325,224
-
-
-
-
-
-
-
-
-
-
-
-
211,690
162,170
373,860
208,694
117,760
326,454

Grant income includes a core grant from the London Borough of Hammersmith and Fulham of £81,900 (2024 - £78,750).

3. Income from Charitable Activities

Contract Income Unrestricted
funds
Restricted
funds
Total
Unrestricted funds
Restricted
funds
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
43,951
(262)
43,689
4,220
61,955
66,175
43,951
(262)
43,689
4,220
61,955
66,175

Contract income includes a local authority contract from London Borough of Hammersmith and Fulham of £6,545 for Family Hubs delivery.

4. Interest Receivable

Interest Receivable
2025
2024
£
£
Bank Interest Receivable 4,654
4,378

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YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

NOTES TO THE FINANCIAL STATEMENTS AT 31 MARCH 2025

5. Charitable Activities

==> picture [489 x 288] intentionally omitted <==

----- Start of picture text -----
2025 2024
£ £
Staff costs 228,515 209,731
Grants (see below) 108,530 75,000
Direct project costs 60,046 40,192
Recruitment, training and other staff costs 14,449 13,462
Rent and office expenses 15,829 18,686
General expenditure 21,271 21,982
448,640 379,054
448,640 379,054
Analysis by fund
Unrestricted funds 232,809 238,490
Restricted funds 215,830 140,563
448,640 379,054
The independent examination fee for the year was £1,700 (2024 - £1,650); no other amounts were payable to the examiner.
----- End of picture text -----

In 2024-25, YHFF distributed £108,530 Grants (202-24: £75,000) There were 21 beneficiary member organisations (2023-24: 13) with grants ranging from £5,000 to £2,500 (2023-24: £12,500 to £2,000 ). All beneficiaries provide front line services to young people.

6. Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from Young Hammersmith and Fulham Foundation during the year.

25

YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

NOTES TO THE FINANCIAL STATEMENTS AT 31 MARCH 2025

7. Employees

The average monthly number of employees during the year was: 5.1

Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
5.1
2025
£
199,732
16,204
12,580
228,515		 2024
Number
5.1
2024
£
184,113
14,156
11,463
209,731

There was one employee (CEO: Gareth Dixon) whose annual remuneration was in the band £60,000 to £70,000 (2024: 1).

Key management personnel comprise the trustees only

8. Debtors

Amounts falling due within one year:
Trade debtors
Other debtors		 2025
2024
£
£
44,371
14,142
3,934
1,522
48,304
15,664

The 2024 Other Debtors balance was wrongly included in the Cash at Bank balance in the 2024 accounts. This is now correctly stated in the 2024 Other Debtors balance.

26

YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

NOTES TO THE FINANCIAL STATEMENTS AT 31 MARCH 2025

9. Creditors: amounts falling due within one year

Note
Taxation and social security
Deferred income
10
Accruals
Grants Payable
Creditors		 2025
2024
£
£
1,806
4,696
100,000
-
1,700
1,650
56,666
-
96
240
160,268
6,586

10.Deferred Income

Deferred grant income
Deferred Income reconciliation
Balance brought forward
Amount released
Amount deferred for the year
Balance carried forward		 2025
2024
£
£
100,000
-
2025
2024
£
£
-
138,143
-
(138,143)
100,000
-
100,000
-

27

YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

NOTES TO THE FINANCIAL STATEMENTS AT 31 MARCH 2025

11.Restricted Funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds

Core- Consortium
Family Hub
John Lyons Small Grants
King's Coronation Fund
Level Up Youth Work (Propel)
Ready, Steady, Connect
Peer Researchers
PlayZones- Football Foundation
Supplementary Schools
Young Grant Makers		 Balance at
01/04/24
£
-
19,658
20
-
61
-
(255)
-
46,318
3,275
69,078		 Incoming
resources
£
20,000
-
50,000
25,000
24,680
(262)
-
17,489
25,000
-
161,907		 Resources
expended
£
(20,000)
(19,658)
(50,000)
(21,396)
(24,680)
(960)
-
(17,504)
(58,530)
(3,102)
(215,830)		 Transfers
Balance at
31/03/25
£
£
-
-
-
-
-
20
-
3,604
-
61
1,222
-
255
-
15
-
-
12,788
-
172
1,492
16,647
Consortium
Family Hub
John Lyons Small Grants
Level Up Youth Work (Propel)
Ready, Steady, Connect
Peer Researchers
Supplementary Schools
Young Grant Makers
Core		 Balance at
01/04/23
£
-
-
20
452
2,318
21,318
5,118
-
29,226		 Incoming
resources
Resources
expended
£
£
30,000
(30,000)
61,955
(42,297)
50,000
(50,000)
2,760
(2,699)
10,000
(11,152)
-
(2,573)
25,000
-
-
(1,843)
-
-
179,715
(140,563)
Movement in funds		 Transfers
Balance at
31/03/24
£
£
-
-
-
19,658
-
20
-
61
700
-
-
(255)
-
46,318
-
3,275
-
-
700
69,078

28

YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

NOTES TO THE FINANCIAL STATEMENTS AT 31 MARCH 2025

Restricted Funds (cont.)

Consortium- Funding from City Bridge Trust to pay for part of the post of Consortium Development Manager

Family Hub- Coproduction project with Action on Disability and Parents Active working towards a Family Hub model.

John Lyons Small Grants - John Lyons Funding to directly support small member organisations

King’s Coronation Fund - Funding allocated for direct grants to young people for items such as education courses, IT equipment, and recreational activities like sports and drama clubs. The remaining funds cover staff time and management costs.

Level Up Youth Work (People)– supported by City Bridge Foundation and led by Young Westminster Foundation. This programme focuses on Workforce Training Development for youth workers and those working directly with children and young people

PlayZones - Funds from the Football Foundation aimed at exploring the potential to develop new physical activity spaces in the borough. These are targeted towards less active communities and demographics. A report was prepared through community consultations and a survey, highlighting the most relevant activities, facility types, and locations.

Ready, Steady, Connect- Consortium project funded by the GLA with 2-3 Degrees, Spark! and The Kids Network delivering activities in the borough.

Peer Researchers - Funding from Partnership 4 Young London developing a team of young people as peer researchers.

Supplementary Schools- John Lyons Funding to directly support supplementary schools in the Borough.

Young Grant Makers- Awards for All Funding to support the training and development of a youth team to sit on grant panels.

12. Analysis of net assets between funds

Fund balances at 31 March 2025 are
represented by:
Current assets/(liabilities)		 Unrestricted
funds
Restricted
funds
Total
Unrestricted
funds
Restricted
funds
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
149,210
16,647
165,857
123,216
69,078
192,294
149,210
16,647
165,857
123,216
69,078
192,294

29

YOUNG HAMMERSMITH AND FULHAM FOUNDATION

(A Charitable Incorporated Organisation No. 1171749)

NOTES TO THE FINANCIAL STATEMENTS AT 31 MARCH 2025

13. Operating lease commitments

At the reporting end date the Young Hammersmith and Fulham Foundation had outstanding commitments for future minimum lease payments in regard of the rental of their current premises under non-cancellable operating leases, which fall due as follows:

Within one year 2025
2024
£
£
-
3,000

14. Related party transactions

During 2024-25 There were no Related Party Transactions

15. Cash generated from operations

15. Cash generated from operations
Surplus/(deficit) for the year 2025
2024
£
£
(26,437)
17,953
Adjustments for:
Investment income recognised in statement of financial activities
Movements in working capital:
(Increase) in debtors
(Decrease)/increase in creditors
Cash generated from/(absorbed by) operations		 (4,654)
(4,378)
(32,513)
13,687
153,682
(195,323)
90,078
(168,061)

16. Analysis of changes in net funds

The Young Hammersmith and Fulham Foundation had no debt during the year.

30

YHFF TAR and Annual Accounts 2024-25 to be signed Final Audit Report 2026-01-21 Created.. 202&01-19 By.. Helen Beesly Ihelen@tr£eslyconsulling.coml Status.. Signed Transaction ID.. CBJCHBCAABAAVkpJ4GU-sAkiMkPnlXIVYXlaAs8tz4x "YHFF TAR and Annual Accounts 2024-25 to be signed" History Document created by Helen Beesly (helen@beeslycL)nsulting.com) 2026-01-19- 11..32..03 AM GMT Document emailed to Patrick Bourke (bourkep@icloud.com) for signature 2026-01-19- 11.'32.'09 GMT * Document emailed to Gareth Dixon (gareth@younghandf.org.uk) for signature 2026-01-19- 11.'32.'09 GMT Email viewed by Gareth Dixon (gareth@younghandf.org.uk) 2026-01-19- 11.'32.'46 AM GMT Document e-signed by Gareth Dixon (gareth@younghandf.org.uk) Signature Date: 202￿1-19- 11:33:14 AM GW- Tirne sou￿. server Email viewed by Patrick Bourke {bourkep@icloud.com) 2026-01-21 - 4:39..04 PM GMT Document e-signed by Patrick Bourke (bourkep@icloud.com) Signature Date: 202F￿l-2l- 4'.39'.40 PM GMT- Time sour￿.. server Agreement completed. 2026-01-21 - 4:39..40 PM GMT Adobe Acrobat Sign