I Ihe Move (LCM4C)
Reference and Administrative Details
Introduction
Financial Review
Objectives
The Need Activities Impact Future Plans
P.1
P.2
P.2
P.3
P.4
P.5 P.6 P.7
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2022
TRUSTEES
Mrs R E Reich Mrs R Schlaff Mrs C Schlesinger Mrs R Perlberger
COMPANY SECRETARY
REGISTERED OFFICE 39 Schonfeld Square Lordship Road London N16 0QQ REGISTERED COMPANY 10030675 (England and Wales) NUMBER REGISTERED CHARITY 1171778 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
BANKERS
National Westminster Bank plc Swiss Cottage London NW3 5JN
1
At Youth on the Move (London), we are strong believers in the ability of our youth to succeed. Our programmes and activities are designed to help our youth aged 11 -16 reach their goals and fulfil their highest potential. We are proud of all our members, and love watching them grow into bright-minded and confident individuals. See how we’re involved in making a difference in the young people's lives.
Despite a reduction in income from charities and funders due to the COVID-19 pandemic, cost of living crisis, inflation, and the war in Ukraine, our organization effectively managed expenses, resulting in lower expenditures compared to the previous year. We are grateful for the support of our community, with increased volunteer recruitment and in-kind donations that significantly contributed to expense reduction. As a result, we built up a reserve fund, enhancing our financial stability and preparedness for unforeseen circumstances. This reserve not only allows us to stay committed to our mission but also provides an opportunity for program expansion, enabling us to create an even greater impact in the future.
----- Start of picture text -----
2
----- End of picture text -----
Target young women aged 11 to 16 who have limited opportunities for out-of-school activities due to various challenges.
Design and provide programs chosen by the participants themselves to maximize their benefits and enjoyment.
Focus on the participants' ongoing input and involvement in decision-making.
Realize participants' dreams and provide exciting, creative, and health-improving activities to improve their leisure, skills, and future prospects.
Sustain and develop projects while ensuring activities align with the organization's capacity.
Maintain policies, procedures, and training for trustees, staff, and volunteers to ensure high-quality programs and participant wellbeing.
Gather feedback from stakeholders and stay connected with users and the community.
3
Young people from lowChild poverty in Hackney is income families face at 28%, and YOTM's users disadvantages that limit contribute significantly to their future prospects. this statistic.
YOTM aims to support young people's transition to Limited housing space and adulthood, help them lack of private recreation develop independence and areas cause stress, anxiety, achieve their potential, and and behavioural difficulties.. break the cycle of poverty and disadvantage.
4
These projects aim to provide therapeutic outlets, enhance skills, promote physical activity, improve emotional well-being, and facilitate a smooth transition to secondary school.
A theatre project where young people produced a play, organized performances, and developed creative and organizational skills.
A midweek getaway providing workshops, skill-enhancing activities, and career guidance for at-risk young people.
A sports-focused weekend getaway encouraging physical activity and healthy lifestyles.
A water sports project offering thrilling experiences and improving emotional well-being.
A transitioning project supporting socially isolated girls in overcoming challenges when transitioning from primary to secondary school.
A celebration event for 16-year-old participants, recognizing their achievements and personal growth.
5
The feedback we received was overwhelmingly positive. The young women were delighted with the wide array of activities and their parents and teachers reported on the great metamorphoses that resulted. The young people became more confident, positive individuals with bolstered personal resilience that empowered them not to be afraid of challenge and growth.
The Play Power resulted in Project increased community cohesion, improved social and interpersonal skills, enhanced emotional well-being, empowerment, and the development of new talents and skills.
The Sport-a- and Way Water Wow Projects expanded horizons, promoted health and well-being, improved teamworking and social skills, and fostered new friendships.
----- Start of picture text -----
6
----- End of picture text -----
The Step Up Project supported a smoother transition to secondary school, improved school performance, and developed communication, interpersonal, and coping skills.
Diversify funding streams to ensure the organization's financial stability. Combat the negative effects of deprivation and meet the needs of disadvantaged young people with the support of generous partners.
Continue expanding our projects and services based on user demand. Future
7
REGISTERED COMPANY NUMBER: 10030675 (England and Wales) REGISTERED CHARITY NUMBER: 1171778
YOUTH ON THE MOVE (LONDON) (A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
YOUTH ON THE MOVE (LONDON)
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
| Page | ||
|---|---|---|
| Reference and Administrative Details | 1 | |
| Report of the Trustees | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Statement of Financial Position | 5 to | 6 |
| Notes to the Financial Statements | 7 to | 13 |
YOUTH ON THE MOVE (LONDON)
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2022
TRUSTEES
Mrs R E Reich Mrs R Schlaff Mrs C Schlesinger Mrs R Perlberger
COMPANY SECRETARY
REGISTERED OFFICE 39 Schonfeld Square Lordship Road London N16 0QQ REGISTERED COMPANY 10030675 (England and Wales) NUMBER REGISTERED CHARITY 1171778 NUMBER INDEPENDENT EXAMINER Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS BANKERS National Westminster Bank plc Swiss Cottage London NW3 5JN
Page 1
YOUTH ON THE MOVE (LONDON) (REGISTERED NUMBER: 10030675)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022
The trustees present their report with the financial statements of the charity for the year ended 31 August 2022.
REFERENCE AND ADMINISTRATIVE INFORMATION
The information is shown on page 1 of the financial statements and forms part of this report.
OBJECTIVES AND ACTIVITIES
Objectives and aims
See attached Trustees Report.
The trustees confirm that they have given due regard the Charity Commission's guidance on public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
See attached Trustees Report
FINANCIAL REVIEW
Financial position
See attached Trustees Report.
Reserves policy
The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end stood at £36,729 (2021 - £32,871) of which £9,208 (2021 - £9,533) are restricted funds.
FUTURE PLANS
The charity plans to continue its activities for the foreseeable future subject to satisfactory income.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Charity constitution
The charity is constituted as a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 27 February 2016 as amended on 11 February 2017.
Recruitment and appointment of new trustees
The power to appoint new trustees is vested in the board. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.
Risk management
The charity has identified and assessed the major risks to which it is exposed, in particular those of safety and protection of the vulnerable young adults whilst in the Charity's care as well as the finances of the charity. The charity is satisfied that systems are in place and routinely assessed including procedures for Child Protection, Health and Safety, Vulnerable Adults Policy and Financial Management and Controls.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 14 June 2023 and signed on its behalf by:
Mrs R E Reich - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YOUTH ON THE MOVE (LONDON)
Independent examiner's report to the trustees of Youth On The Move (London) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
E Meyer FCA BSc
Sugarwhite Meyer HS Ltd First Floor 94 Stamford Hill London N16 6XS
14 June 2023
Page 3
YOUTH ON THE MOVE (LONDON)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 72,744 EXPENDITURE ON Charitable activities 3 Education and training 68,561 Other - Total 68,561 NET INCOME/(EXPENDITURE) 4,183 RECONCILIATION OF FUNDS Total funds brought forward 23,338 TOTAL FUNDS CARRIED FORWARD 27,521 |
Restricted funds £ 33,016 33,341 - 33,341 (325) 9,533 9,208 |
2022 Total funds £ 105,760 101,902 - 101,902 3,858 32,871 36,729 |
2021 Total funds £ 90,121 |
|---|---|---|---|
| 84,239 1,559 |
|||
| 85,798 | |||
| 4,323 28,548 |
|||
| 32,871 |
The notes form part of these financial statements
Page 4
YOUTH ON THE MOVE (LONDON) (REGISTERED NUMBER: 10030675)
STATEMENT OF FINANCIAL POSITION 31 AUGUST 2022
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Debtors 9 Cash at bank and in hand CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 11 NET ASSETS/(LIABILITIES) FUNDS 14 Unrestricted funds: General fund Restricted funds: Restricted Fund TOTAL FUNDS |
2022 £ 3,276 76,000 1,149 77,149 (31,070) 46,079 49,355 (12,626) 36,729 27,521 9,208 36,729 |
2021 £ 3,854 59,578 2,968 62,546 (12,776) 49,770 53,624 (20,753) 32,871 23,338 9,533 32,871 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
YOUTH ON THE MOVE (LONDON) (REGISTERED NUMBER: 10030675)
STATEMENT OF FINANCIAL POSITION - continued 31 AUGUST 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 14 June 2023 and were signed on its behalf by:
R E Reich - Trustee
The notes form part of these financial statements
Page 6
YOUTH ON THE MOVE (LONDON)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Financial instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Going concern
There are no material uncertainties about the charity's ability to continue.
Page 7
YOUTH ON THE MOVE (LONDON)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
3. CHARITABLE ACTIVITIES COSTS
| Education and training 4. SUPPORT COSTS Management £ Education and training 7,391 Support costs, included in the above, are as follows: Governance costs Independent examiner's fee Independent examiner's other fees General expenses Legal and professional fees 5. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Other operating leases |
Support Direct costs (see Costs note 4) £ £ 92,687 9,215 Governance Finance costs £ £ 24 1,800 2022 Education and training £ 900 900 - - 1,800 2022 £ 578 21,691 |
Totals £ 101,902 Totals £ 9,215 2021 Total activities £ 711 711 354 1,195 2,971 2021 £ 681 12,588 |
|---|---|---|
Page 8
YOUTH ON THE MOVE (LONDON)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2022 nor for the year ended 31 August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2022 nor for the year ended 31 August 2021.
7. STAFF COSTS
| Wages and salaries The average monthly number of employees during the year was as follows: Administration No employees received emoluments in excess of £60,000. |
2022 £ 8,885 8,885 2022 2 |
2021 £ 21,317 |
|---|---|---|
| 21,317 | ||
| 2021 2 |
8. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Fixtures | |
| and | |
| fittings | |
| £ | |
| COST | |
| At 1 September 2021 and | |
| 31 August 2022 | 5,974 |
| DEPRECIATION | |
| At 1 September 2021 | 2,120 |
| Charge for year | 578 |
| At 31 August 2022 | 2,698 |
| NET BOOK VALUE | |
| At 31 August 2022 | 3,276 |
| At 31 August 2021 | 3,854 |
Page 9
YOUTH ON THE MOVE (LONDON)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Other debtors 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 12) Trade creditors Net Wages control Other creditors Accruals and deferred income 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Bank loans (see note 12) Social security and other taxes 12. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loans Amounts falling due between two and five years: Bank loans - 2-5 years 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted fund funds £ £ Fixed assets 1,434 1,842 Current assets 69,784 7,365 Current liabilities (31,071) 1 Long term liabilities (12,626) - 27,521 9,208 |
2022 £ 76,000 - 76,000 2022 £ 4,360 21,555 205 3,150 1,800 31,070 2022 £ 12,548 78 12,626 2022 £ 4,360 12,548 2022 Total funds £ 3,276 77,149 (31,070) (12,626) 36,729 |
2021 £ 42,578 17,000 59,578 2021 £ - 8,911 205 2,150 1,510 12,776 2021 £ 20,675 78 20,753 2021 £ - 20,675 2021 Total funds £ 3,854 62,546 (12,776) (20,753) 32,871 |
|---|---|---|
Page 10
YOUTH ON THE MOVE (LONDON)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
14. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
At 1.9.21 £ 23,338 9,533 32,871 Incoming resources £ 72,744 33,016 105,760 At 1.9.20 £ 18,633 9,915 28,548 |
Net movement At in funds 31.8.22 £ £ 4,183 27,521 (325) 9,208 3,858 36,729 Resources Movement expended in funds £ £ (68,561) 4,183 (33,341) (325) (101,902) 3,858 Net movement At in funds 31.8.21 £ £ 4,705 23,338 (382) 9,533 4,323 32,871 |
|---|---|---|
Page 11
YOUTH ON THE MOVE (LONDON)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
14. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 90,120 | (85,415) | 4,705 |
| Restricted funds | |||
| Restricted Fund | 1 | (383) | (382) |
| TOTAL FUNDS | 90,121 | (85,798) | 4,323 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 1.9.20 in funds £ £ Unrestricted funds General fund 18,633 8,888 Restricted funds Restricted Fund 9,915 (707) TOTAL FUNDS 28,548 8,181 |
At 31.8.22 £ 27,521 9,208 |
|---|---|
| 36,729 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming resources £ 162,864 33,017 195,881 |
Resources Movement expended in funds £ £ (153,976) 8,888 (33,724) (707) (187,700) 8,181 |
|---|---|---|
Page 12
YOUTH ON THE MOVE (LONDON)
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2022
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2022.
Page 13