Charlty r•gistratlon numbgr 1172314
YOUNG CAMDEN FOUNDATION
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

YOUNG CAMDEN FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trust••s
Stephen Greene (Vice Chairl
Fiona Millar IChair}
Martin Pratt
Faaiza A. Lalji
Paula P￿et
Abdikar Ahrned
Roman Arbuzov ITre8sur8r)
Tom Simpson
Anneka Munsch
Alhian Akec
Charlty number
1172314
Princlpal addres$
Labs Atrium
The Stsbles Market
Chalk Farm Road
London
NW18AH
Audltor
Crit¢hleys Audit LLP
8eaver Hous@
23-38 Hythe Bridge Slreel
Oxford
OX1 2EP

YOUNG CAMDEN FOUNDATION
CONTENTS
Pago
Trustees, rgtx)rt
Stalemgnl of Tru51ees' rgsponsibilities
Independent audilorfs report
8-10
Statement of finan¢ial activities
11
Balance sheet
12
Statement of cash flows
13
Notes lo the financial slalements
14-23

YOUNG CAMDEN FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2022
The Tnjstees pr&senl their annual report and financial statements for the year ended 31 March 2022.
The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the
financial statemènts and comply with the Foundation's Constitution, the Charities Act 2011 and 'Acwunling and
Repc>rting by Charit16s.' Slat&menl of Recommended Practice applicable lo charities preparing their a¢coLtnts in
accordance with the Financial Repo￿ng Standard applicable in the UK and Republic of Ireland IFRS 1021.
{effective 1 January 20191.
L•gal Stru¢tur8
Young Camdèn Foundation I'The Foundalion'l is a Trgistered charity, number 1172314. It was registered with the
Charities Commission in March 2017. constituted as a Chantable Incorporated Organisation ICIOI. Additional
Trustees are rè¢ruiled and appointed by existing Irust¢gS.
Public Benefit
The trustees have complied with their duty to have due regard to the Charity Commission'5 Public Benefit Guidance
IPB1 the Public Benefit Requirement, PB2 Public Benefit Runnlng a Charity and P83 Public Bènefit Reporting)
when exercising powers or duties to which the guidance is relevant.
Obje¢tlv•$ and a¢tlvitles
Chalr's Report. Fiona Millar
We are pleased to present the Young Camden Foundation's Annual Report for 2021122. This report covers our
fourth year of operats.on and one in which we have seen growth in our projects, said goodbye to longstanding
members of staff and welcomed a new Chief Executive Officer.
As with the previous financial year, we can't Ignore the effect of the pandemic on young people in our community
and on our organisalion. We started the yeai coming out of a long and. for young people. brutal three-month
lockdown in which s¢hools wère closed and many of our mèmbers had to work in very different ways. Life has
gradually returned lo near normal bul the impact on young peoplè's mental health and educational attainment will
tske longer to heal. This makes our work with members, Camden Council, and the business community more
important than ever. We never lose sight of our role in building partnerships belween different stakeholders in
Camden and increasing investment in our youth setvices.
The resignation in late 2021 of our CEO Keith Morgan w85 a loss to the Young Camden Foundation, bLrt a gain for
Voluntary Action Camden, where is he now Chièf Executive. As with any significant change, Keith's departure gavo
trustees thg OPPOrtunrty lo refled on our first four years in operation and lo discuss where we want to be in 2025.
We had an 6xcellent field of candidates for the new CEO iole and were delighted to appoint Daisy Srblin in Janvary
2022.
Daisy came lo the Young Camden Foun¢Jation from Million Minutes, a youlh action and advocacy charity, and has
previously worked across campaign5, policy and advocacy at Christian Aid, Child Poverty Action Group and
Gingert)read. Daisy grew up and went to s¢hool in Camden and speaks passionately 8bout being the child of a
single parent living in social housing in our borough. She also told us that it was Camden inslilulions - her Schools
work experience, music groups and summer activities - that enabled her lo get where she is today. Daisy showed
enormous drive, energy and ambition for the Young Camden Foundation and we are confident that she will be a
dynamic advocate for us and our m8fftbers with the wider group of stskeholders in Camden.
W8 would like to thank John Lyon's Charity, the London Borough of Camden, City Bridge Trust and to our numerous
business partners for their help and support. Much of our work would not be possible without them. I would also like
lo thank our members for the work they do and to our new CEO lor her contribution to this report. even though il
covers the period before she started al YCF. Pl8ase do gat in touch wlh me or htrr if you would like to leam mole
about how you can support our Work.

YOUNG CAMDEN FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Back
round
Established in 2017, Young Camden Foundation IYCFI is a registered charity sel up lo address the growing
uncertainly of long-lerm investment in the children and young people sector in Camden and the need to build more
cross-5ector partnerships. YCF aims lo provide a n&w model of ltscal support for its members, which includes
building capacity and better equipping the community with resources and funding. Connecting and working with
organisations lo devalop new and entrepreneurial approaches lo supporting young people and championin9 critical
issues facing the local community.
In the financial ygar ending March 2022, YCF awarded nearly £890,000 in grants lo mèmbers, which include
Camden-based charititrs that offer services and support to children and young people.
Mission Statement
YCF aims lo encourage and assist 115 members, partners, and supporters in connecting and working together to
fonn innovative and sustainable opportunities for young people in Camden.
Ob'eclives
The promotion of the efficiency and eff6etiveness of charities and thtr effective use of charitable resources by
org8nisations working with ¢hildren and young people for the benefit of the publi¢ by providing SUPPOrt and advice
to charities and through assisting non-charitabltr organisalions to directly further a charitable purpose.
To advance in life and rglieve the needs of young people through making grants to organisalions that do any or all
of the following..
the provision of recreational and leisure time activities piovided in the inleiesl of social welfare,
designed to improve their conditions of life.,
b. providing support and activities which devel¢)p their skills, capacities and capabilities lo enable them to
participate in so¢iety as maluTe and Tesponsible individyals.
Aclivilies
YCF believes that all children and young people in Camden should have the support and opportunity to thrive. YCF
aims to grow a vibr8nt, resilient and connected community that is invested in supporting, and creating me8ningltJl
opportunities for, all ¢hildren and young people in Camden and to create a new model of local support at a lime of
signifi¢anl funding challenges. The main activities for the orgènisation include, bul not be limited to".
Building the capacity of charitsble and voluntary organisalions w0￿1n￿ with children and young people by
connectin9 them with each other and other stakeholders.
Using a membership formal to provide ch8ritable and voluntary organisalions with the ne¢e5sary advice,
support. infomiation, training and services to enable them to pursue their charitable purposes and improve
the efficiency and management of their resources.
Grant making lo eligible charitable and voluntary organisations that Can demonstrate their ability to further
the life of young peopl¢ within the borough.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the
Foundation should undertake.

YOUNG CAMDEN FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Youn
Pao
le's Foundations
YCF is part of the Young People's Foundation IYPFI. a model set-up in thè response of John Lyon's Charity lo
address the ongoing prèssures on the Children and Young Peoplè sector. YPF brings logelher the public, private
and voluntsry sectors to effect positive change for young people. Based in local communities, each YPF is an
independently registered charity, and their services are led by their members and based on the needs and assels of
their area. Togeth6r they share a common goal - to help ¢rgate and champion a more impacttLtI, co-ordinated, and
sustainable se¢tor to ensur8 all young people have access to quality support and opportunities.
As of March 2022 Young People's Foundations exist in eight London boroughs and include.. Young Bamgt
Found81ion' Young Blenl Foundation., Young Camden Foundation., Young Ealing Foundation.. Young Hammersmith
& Fulham Foundation,. Young Harrow Foundation., Young Westminster Foundation.. Young Kensington & Chelsea.
The Young Camden Foundation IYCFI believes that 811 children and young people in Camden should have the
support and opportunity to thfive.
Our aim is lo grow a vibrant, resilient and connected communty that is invested in supporting, and ¢realing
rveaninglul opportunities for. all children and youn9 people in Camden and to create a new model of local support al
a time of significant funding challenges.
YCF'S main activities incllbde. but are not limited to..
Building the c8P8city of charitable and voluntary organisations working with children and young people by
connecting them with each other and other stakeholders
Using a membership format to provide charitable and voluntary organisations with the necessary 8dvice,
support. Inlomialion, training and services to enable thern lo pursue thèir charit8ble purposes and Improve
the efficièncy and management of their rèsources
Grant making to eligible chantable and voluntary organisation5 that can demonstrate Ihgir ability to further
the life of young people within the borough.
Event$ beyond our control
There is no dtrnying that Covid-19 is slill having an impact sector wide and YCF are still feeling it's effeds. Many of
our member organisations turned to delivering front line Covid-19 response work during 2020-21 and 2021-22.
While there was plenty of project fLtnding avai5able, core funding became scar¢er as il was deployed elstswhere.
YCF and its members are now having to work towards a retum lo 'nornial' which means less home working, more
facg-to-face a¢tiviiies and return lo offices and facilities borough wide. As YCF looks toward securing f(5 future il Is
also worth noting that further business engagement deponds on building and securing relationships. Th¢ reduction
in in person meetings has made this very difficult.
The current ewnomic climate makes this progress all the more slow. Inflations has increased and we face a cosl-of-
living crisis not seen before in our lifets'mes. Individual donations have dramatically reduced and of our large Donors
are not providing extra funding which means we havg to spend more lime seeking extra and alternative sources ot
funding.
This impact is felt in lum by our members, th8 value of our grant giving is depreciating due to rising costs. Money
just doesn't go as far as it did.

YOUNG CAMDEN FOUNDATION
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Me$sage from YCF Chief Executlve Officer
Having started in post in May 2022, it feels quite unusual lo be writing the inlrodu¢tion lo the annual report for a
financial year that I did not oversee, but I sharè the Trustees. thanks lo our previous CEO Keith Morgan, and the
YCF team, for a strong year of operation be￿e&n 2021 and 2022, during what was a very difficult period.
As has been notad extensively. the coronavirus pandemic broughl huge challenges not just for young people and
communities, but also for the charity and voluntary sector, which saw a significant loss of income. Dèmand for
setwices increased while financial outlooks lookèd increasingly precarious. While 2021 saw some positive steps,
with lockdown easing and adju$led ways of working, we are still feeling those difficult èffècts in 2022.
Having said this, this financial year saw some real positive outcomos for YCF and 115 members. Betwèen April 2021
and March 2022, Young Camden Foundation distributed £878,293 across Camden's children and young people
sector. vi8 Small grants to 67 members, further strengthening our grant giving activities.
During this period, the YCF t8am 8lso continued lo build important wth local stakeholders including strategic
partners and ¢orporale stakeholders. Member engagement was understandably challenging durin9 what was a
difficult period of lockdown easing mixed with Irefflendous uncertainty, and digital tools and online support ¢onlinued
to be explored. During this period, our membership incrèased lo 86 full and 42 asso¢iale members.
Key milestones and achievements in¢luded the continuation of the partnership delivering thè Palhw8y$ Fund as part
of Camden's Community Impacl Fund. This partnership comprised of Maiden Lane, QCCA, and NW5 Project
reeeiving £40,000 to dèliver a series of youth Crimè prevention aciivities a¢ross the three sites. YCF also ran the
Build-up fund for small and fnicro organisations, then in its third and final year, giving members the opportunity to
apply for grants of up to £3,000 to invest in staff training, profgssional development or organis8tion su5tsinability.

YOUNG CAMDEN FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Governance
We have established a hybrid model offering face lo face and digltal attendance. The Board meets forfftally every
quarter, with both the CEO and Chair in att8ndance. All meetings are serviced and recorded by an ext8mal clerk lo
the trustees.
YCF has a t)oard which is a mixture of members and people wilh specific skills. We fecruil mernber trustees to
reflect the geographic locations in the borough. Specific skills are replaced through an ext8mal recruitment process.
Sevèral ITU5tees will be standing down at the same lime next year following their two three-year temis. We will be
conducting a skills audit b8fore replacing them.
Existing trustees and the senior Staff Team have joint responsibility for identifying and encouraging new trustees.
Once a possibl& new Trustee has been identified they are inviltrd meet with the Chair or CEO. If all goes well, they
are then proposed, seconded and voted in al the following meeting. Once appointed new trnslees have an induction
process to make sure they are fully aware of their responsibilities as a Ch8rity Trustee.
Trustee engagement has focused on the opportunity for enhanced leaming through the sub-committees 8nd
resulted in greater understanding and s¢ruliny. We are also developing a new induction program for our Trustees to
enSUfe they build on the skills they bring to YCF and truly understand the YCF mission and operations.
Board dèvèlopment is an ongoing process. Training opportunities are shared with Trustees whenever they arise,
and Trustees are encouraged to atten(f any staff wide training that occurs. Board Away Day's occur annually which
allow the Board to be fully involved in strategy and forward planning for the year ah8ad. As YCF is part of the YPF
Nètwork il can access best pracb'ce training in line with the Young People's Foundation Trust guidance and trustees
are able lo participate in Cross network opportunities greatly enhancing their Trnslee experience.
The Chair and CEO meet ie9ularfy to enable support and resilience. The Board has remained dedicated and
supportive of our work and ernbraced the continued challenges of the covid recovery. They are lo be thanked, as
volunteers for their timg and commitment.
Plans for th¢ future
We have already Completed a three ygar strategy lo 2025, detailing our objectives going forward, and our activitses
to achieve these. The headlines are..
Increase10Trg-lerm investmant in the Children and Young People sector in Camden
Connect mèmbers, partners and supporters in new cross-sector collaboration and partnerships
Listen to young people and ensure they are safè, thriving and achieving their lull potential
Build members. capacity lo deliver high-quality and sustainable youth provision.
The organisalion also ran 8 successful Summar Opportunilies Fund programme in 2021, sponsored by three
business partners and The Childhood Tru511 Big Give Campaign, benefitting 16 10¢81 community organisations
induding several nèw YCF members, all of which were given grants of up to £3.000 to deliver fun. positive activities
during the summer holiday5.
As ever, YCF was fortunate enough to rely on the support of the John Lyon's Charity's, which awarded YCF Small
Grants funding, with priority given to members that have not Previously received John Lyon's Charity funding before.
YCF also benefitted. in its second year. from running John Lyon's Charity's Supplementary School Network Fund.
2021122 was also the first full year of YCF running the Holiday Activities and Food Prografftme, with almost 4,000
children and young people benefilting from the programme.

YOUNG CAMDEN FOUNDATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Al the beginning of 2021, YCF was commissioned by the London Borough ol Camden to design and support the
delivèry of the Holiday Hub5 programmg. In Easter 2021, this programme benefitted 17 local organisalions across
29 sites and 1.373 children and young people, 815 were eligible lor Free School Meals. The feedb3¢k from parents
and children was extremely positive with many rèf8rring lo the programmè alleviating the stress and worry of food
insecurity and keèping occupied during the school holidays.
As part of a wider 'Summer in Camdèn, prograrnme in Summer 2021, 37 local o¥ganisalions, includin9 Sports
cenlres, youth centras, and schools offerad access to activities and al least one meal per day over 54 siles in the
borough. 3,000 places were offered lo local children wlh over 75% of the programme al full or at near full capacity.
YCF was also able lo run the important Heads Up (Mental health and Well-being) grants round, vthich had a
Significant level of applications, with 29 applications in lotal, reflective of the in¢reased need for member
organisalions to serve children and young people's complex mental health needs during the pandemic and beyond.
These grants provided organisalions with up lo £5k lo promote well-being activities wlh a special focus on young
womenlgirls and children and young people with SEND needs.
In June 2020 YCF opened a new excittng and innovative opportunity for a selected number of members to receivg
tsilored and bespoke ¢onsultsncy support from Charities ￿'d Foundatron ICAFI. This support was aimed at building
thè resilience capacity of the participating charities. The fruits of such WO￿ were in evidence throughout the
following year.
Finally, our 2021 mèmber survey indicated that 90 /0 of membèrs suryeyed agreed Ihat their organis81ion benefitèd
from YCF membership, a significant increasè from 2020, while 94°/o agreed that YCF supported partnership building
within the youth sector in Camden. These excellent figures indicate that despite the challenges, YCF was able lo
sustain and grow Membership engagement during this period.
We thank all those who worked with YCF during the challenging period of 2021-22 and we look forward hopefully lo
a better deal for children. young people and the wider sector in 2023 and beyond.
The Tru51ees who served during the year and up lo the date of signature of the financial ststements weie=
Stephen G￿ene (Vice Chairl
Fiona Millar Ichairl
Martin Pratt
Faaiza A. Lalji
Paula Preet
Sousan Luqman
AbdikarAhmed
Roman Arbuzov ITreasur8r}
Tom Simpson
Anneka Munsch
Alhian Akec
IRe5igned 31 October 20211
sy
CEO
Date..

YOUNG CAMDEN FOUNDATION
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2022
The Trustees are responsible for preparin9 the Trustges, Rgport and thg financial stslem6nts in accordance with
applicable law and Unitgd Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable lo charities in England and Wales requires the Trustees to prepare financial ststgmenls for each
financial yèar whi¢h give a true and fair view ol the slate of affairs of the Foundation and of the incoming resources
and application of resourcès of thè Foundation for that year.
In preparing these financial statements, the Tnjslees are reqLtired to..
selgct suitable 8c¢ounling policies and then apply them consistently..
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
stste whether applicable accounting standards have been followed, subject to any material departures disc¢osed
and explained in the financial statements; and
prepare the financial slalements on the going concem b8sis unless it is inappropriate lo presume that the ¢harity
will Continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at
any ts'me the financial position of the Foundalion and enable them to ensure that the financial statements comply
with the Ch8rilie5 Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust
deed. They ar¢ also responsible for safeguarding the assèts of the Foundation and hence for takin9 reasonable
steps for the prevention and detection of fraud and olher irregularitigs.
By order of the Board of Trustees
Fiona Millar Ichairl
Chalr
Date..
C. Iz ,Tr0Tr2

YOUNG CAMDEN FOUNDATION
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF YOUNG CAMDEN FOUNDATION
Opinion
We havg audited the financial stalements of Young Camden Foundatton (the 'Foundation'l for the year ended 31
March 2022 which comprise the statement of finan¢i81 aclivilies, the balance sheet, the statement of cash flows and
notes to the financial statements, including significant a¢¢ounting policies. The financ+al reporting framework that
has been applied in their preparation is 8pplicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 Th& Financial Reporting Standard appliGable in the UK and Republic of Ireland
(United Kingdom Generally A¢¢epted A¢¢ounting Practicel.
In our opinion, Ihtr financial statements..
give a true and fair view of the slate of the Charity's affairs as al 31 March 2022 and of its incoming resources
and application of resources. for the year then ended.,
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been Prepared In accordance the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accoTdance with Inlemational Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsAbilities for the audit of
the financial slatemenls section of our rgport. We are independent of the Foundation in accordance with the ethical
requirements that are relevant to our audit of (he financial statements in the UK. including the FRC'S Ethical
Standard. and we have luifilled our other ethical responsibilities in ac¢ordance with these requiremenls. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis foi our opinion.
Conclusions relating to going concern
In auditing the finan¢ial statements, w8 have concluded that the Trustees, use of the going con¢em basis of
aeeounting in the preparation of the financial slalemenls is appropriate.
Based on the Work we h8v& performgd. we have not identified any malori81 uncgrtaintios relating to events or
conditions th81, individually or collectively, may cast significant doubt on thè Foundation's ability lo conlinve as a
going concèm for a period of al least twelve month5 from whtrn the financial siatements are authorised for issije.
Our responsibilities and the responsibilities of the Trustees with respect lo going concern are described in the
relevant sections of this r$port.
Other infomiati¢n
The other infomiation comprise5 the inform8tion included in the annual report other than the financial staternents
and our auditorfs report Ihereon. The Trustees are responsible for the other infomiation contained within the annual
report. Our opinion on the financial stalements does not cover the other tnformation and we do not express any fom
of assLJrance conclusion thereon. Our responsibility is to read the other information and, In doing so, consider
whether the other information is rnaterially inconsistent with the financial statements or our knowledge obtained in
the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies
OT 8pparenl material misstatements, we are required to determine whether this gives rise to a materi81 misststemgnt
in the financial statements themselves. If, based on the work we have performed, we con¢lvd8 that there is a
material misstatement of this other infomalion. we are required to report that fact.
We have nothing to report in this regard.
Matt•rs on which w• arn rnqulrgd to roport by oX¢¢Ption
We have nothing lo report 111 Tespe¢t of the following matters in relation to which the Charities IAccoun15 and
Reports) Regulations 2008 require us to report to you rf, in our opinion..
the information given in the financial statements is inconsistent in any maleTI81 rospgct with the Trustees.
report., or
sufficient accounting records have not been kept,. Of
the financial 5t8tements are not in agreement with the accounting records," or
we have not received all the information 8nd explanations we require for our audit.

YOUNG CAMDEN FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF YOUNG CAMDEN FOUNDATION
R•sponslblliti*s of Trust••$
As explained more fully in the statement of Trustees, responsibilities, the Trustèès arè responsible foi the
preparation of the financial statemen15 and for being satisfied that they give a true and fair view, and for such
intemal control as Ihe Tru$te8s delgrmine is necossary to enable the preparation oi financial statements that ar8
free from mat9rial misstatement, whèthèr due to fraud or error. In preparing the financial slalemenls, the Twstèes
are responsible for assessing the Foundation's ability to conlinLte as a going concem. dis¢losing, as applicable.
matter5 related lo going concem and using the going concem basis of 8¢counling unless the Trustees either intend
to ¢8ase operations, or have no realistic allernabve but to do so.
Auditols responsibilitie5 for the audit of the financial ststom•nts
We have been appointed as auditor under sectson 144 of the Charits'es Act 2011 and ￿port in $c￿r￿anCe with the
Act and relevant regulatr'ons made or having effect Ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial slalements as 8 whole are free from
material misslalemenl, whether due lo fraud or error. and to issug an audito¢s report that indudes our opinion.
Reasonable assijrance is 8 high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS IUKI will always dètect a material misstalement when it exists. Misslatemenls can arise from fraud or
error and are considered material if, individually or in the aggregate, they could re8son8bly be expected to infiu8nce
the economic decisions of users taken on the basis of these finan¢i81 statements.
The extent lo which our procedures are capable of detecting irregularities. including fraud, 1$ detailed b81ow.
A further description of our responsibilitie5 is available on the Financtal Reporting Council's website at.. https.'Il
www.fr¢.org.ukJaudilorsresponsibililies. This description forms part of our audilorfs report.
Other matters
Your attention is drawn to thè fact that th6 charity has prèparod financial statements in accordance with "Accounting
and Reporting by Charities.. Statement of Recommended Pracb'ce applicable lo charities preparing their a¢¢ounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las
amended) in preference lo the Accountsng and Reporting by Charitigs.. Ststgment of Recommended Practice issued
on 1 April 2005 which is iefèrred to in the èxtant regulations but has now been withdrawn.
This has been done in order for the financial slalemenls to provide a true and fair view in accordance wth current
Generally Accepted Accounting Practice.
Us¢ of our report
This report is made solely to the charity's injstees, as a body, in accordance with part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so Ih8t we msght state to tha charity's Irustees
those matters we are required to slate lo them in an auditor's report and for no other purpose. To the fullest extent
pem)itted by law, we do not a¢¢ept or assume responsibility to anyone other than the tharity and the Charity's
tnjstees as a body, for our audil worf(, for this report, or for the opinions we have formed.
Robert Klrtland (Senlor Statutory Audltor}
for and on behalf of Crlt¢hl¢y$ Audit LLP
811212022
Chart•r•d A¢¢ountant$
statutory Auditor
Be8ver House
23-38 Hythe 8ridge Street
Oxford
OX12EP

YOUNG CAMDEN FOUNDATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF YOUNG CAMDEN FOUNDATION
Crilchleys Audit LLP is eligible for appointment as auditor of the Foundation by virtue of its eligibility for appointment
as auditor of a company under $8¢tion 1212 of the Companigs Act 2006.
10-

YOUNG CAMDEN FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2022
Unr•$trl¢ted R•strlct8d
fund5
fund5
2022
2022
Total Unre5tr1¢ted R•strl¢tsd
funds
fund5
2021
2021
Total
2022
2021
Notes
Income from:
Donations and legacies
Charitable activities
Inve$tm8nts
167,090
9,473
941,638 1,108.728
9.473
153.991
851
433.525
587,516
851
Total In¢ome
176,572
941,638
1,118,210
154.842
433,525
588,367
endltur¢
Charitable activities
114,412 1,034,583
1,148.995
88.889
355,789
444.678
N*t Incomin￿lou￿0ln9I
r8$oure8s b•for• transfers
62,160
{92,9451
130,7851
65,953
77,736
143,689
Gross transfers be￿een
funds
112,6611
12,661
Net incomel{expendtturel for
the yearl
Nèt movemènt in funds
49,499
{80,2841
130.7851
65,953
77,736
143.689
Fund balances al 1 April 2021
122,322
164.303
286,625
56,369
86,567
142,936
Fund balances at 31 March
2022
171.821
84,019
255,840
122,322
164.303
286,625
The siatemenl of financial activities indudes all gains and losses recognised in the year.
A¢1 income and expenditure derive from Continuing activities.

YOUNG CAMDEN FOUNDATION
BALANCE SHEET
ASAT31 MARCH 2022
2022
2021
Not•s
Current assets
Debtors
Cash al bank and in hand
11
99,272
325,022
114.471
198,370
424,294
312,841
Crndltors: amounts falllng due within
one year
12
1168,4541
{26.216)
Net current 8ss8ts
255.840
286.625
In¢om• funds
Restricted funds
Unrestricted funds
14
84,019
171.821
164,303
122,322
255,840
286,625
Tha finanrjal 5t8t8m8nts were approved by the Trustees on .................... .
Fiona Millar IChair}
Tru$t••
12-

YOUNG CAMDEN FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
2022
2021
Not•$
Cash Ilow$ from opgrating a¢tivitl•s
Cash generated from operations
17
126,643
96,106
InY¢stlng actlviti•$
Investment income received
Net cash 9on•rai8d froml{us¢d in)
investing aetlvltlgs
Net ¢4sh us•d In financlng a¢tlvltles
Net incT•asè In cash and ¢a$h equivalents
126.652
96,106
Cash and cash equivalents at beginning of year
198.370
102.264
Cash and cash oquivalonts at ond of year
325.022
198,370
13-

YOUNG CAMDEN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Accounting poli¢l•s
Charrty inforniatian
Y¢xJng Camden Foundation (The Foundation") is a registered charity, number 1172314. It Was registered with
the Charities CoTnmission in March 2017, constituted as a Charitabl8 IncorpDrated Organisalion ICIOI.
Registered address.. LABS Atrium, Stables Market, Chalk Farm Road, London. NWI 8AH.
1.1 Accounting conv•ntlon
The financial statements have been prtrpared in accordance with the Foundation's Igoveming documenti, thg
Charities Act 2011, FRS 102 "The Financial Reportin9 Standard applicable in tt)e UK and Republic of Ireland.
I-FRS 102.1 and thè Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in a¢cordance with the Financial Reporting Standard
applicable in the UK antl Republic of Ireland IFRS 1021. (effective l January 20191. The Foun(lation is a
Public Benefit Entity as ¢Jefined by FRS 102.
The financial statements have departed from the Ch8rities (Accounts and Reports) Regulations 2008 only to
the extent required to provide a true and fair vigw. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recomrnended Pracb'ce which is refefred to in the Regulations but which has since bean withdrawn.
The financial statements arg prepared in sterling, which is the function81 currency of the Foundation. Monetsry
amoLsnls in these financsal statements are rounded to the noaresl £.
The financial statements have been prepared under the historical cost convention. The principal accounting
poli¢igs adopted are set out be50w.
1.2 Going concern
At the lime of approving the financi81 statements, the Trustees have a reasonable expe¢tstion that the
Foundation has adequate resources to continue in operational existence for the foreseeable future. Thus the
Trustèes continue lo adopt the going concern basis of accounting in preparing the financi81 statements.
1.3 Charitabl¢ funds
un￿StrICted funds are available for use al the discretion of the Trustees in furtherance of their ¢haritable
objectives.
Restricted funds are subject lo specrfic conditions by donors as lo how they may be used. The purposes and
uses of the restricted funds arè set oul in the notes to the financial statements.
1.4 In¢ome
Donations are recognised In the financi81 statements when received.
Grants are recognbsod in the financial statements when due.
Sales are recognised when the related service5 have been provided.
1.5 Expenditur•
Expenditure is recognised once thare is a legal or constructive obligation to transfer eGonomic benefit to
third party, il is probable Ih8t a transfer of economic benefits will be reqljired in settlement, and the amount of
the obligation can be measured reliably.
Expenditure is Classified by activity. The costs of each activity are made up of the lolal of direct costs and
shared costs. including sUPPOrt costs involvgd in undertaking each a¢livity. Oifect costs attributabl8 lo a single
activity are 811ocated directly to that activity.
14-

YOUNG CAMDEN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Accountlng pollcles
(Contlnued}
1.6 Cash and cash equivalent$
Cash and ¢ash equivalents include cash in han¢J, deposits h8ld at call with banks and bank overdrafis. Bank
OV8rdrafts are shown within borrowing8 in current liabrlities.
1.7 Flnanelal Instruments
The Foundation ha5 eltrcted to apply the provision5 of Section 11 'Ba$ic Finanaal Instrument5. and Section 12
'Other Financial Instruments Issues, of FRS 102 10 811 of ils financial instruments.
Financial instruments are recognised in the Foundation's balance sheet when the Foundation becomes party
to the contractual provisions of the inslrumenl.
Fin8n¢ial assets and liabilitses are offset, with the net amounts presented in the financial slalements. when
there is a legally enforceable right to sel off the Tecognised amounts and there is an intention to settle on a net
basis or to realise the asset and settte th8 liability simultaneously.
Baslc financial assets
Basic financial 85s8ts, which include debtors cash and bank balances, are initially measured at
transaction price including transaction costs. Financial assets classified as receivable within one year are not
amortised.
Baslc financial liabilities
8asic financjal liabilib'ès. including creditors and bank loans ar¢ initially recognised at transaction pricg unless
the arranggment constitutes a financing Iransaclion. Financial liabilities classified as payable within one year
are not amortised.
Trade creditors are obligations to pay for goods or seryices that hav8 bèen acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilits'es if paymenl is due within one
year or less. 11 not, they are presented as non-current liabilities. Trade creditors afè recognised initially al
transaction price.
Dwocognltion of finan¢lal Ilabllltlg$
Financial liabilities are derecognised when the Foundation's contractual obligations explre or are discharged
or cancelled.
1.8 Taxation
The Foundation is a registered charity and is not subject lo corporation lax on ils current activities.
Crrtl¢al accounting estimates and judgem¢nt$
In the application of the Foundation's accounting policies, the Trustees are r8qvired to make judgements,
estimates and assufflptions about the carying amount of a55ets and liabilitiès that are not feadily apparent
from other sour¢es. The estimates and associated assumptions are based on historical experience and other
factors that are considered lo be relevant. Adval results may differ from these estimates.
The eslimales and underfying assumptions are reviewed on an ongoing basis. Revisions to accounts'ng
eslirnates are re¢ognised in the period in which the e51imatè is revised where the revision affects only that
period, or in the period of the revision and futurg periods where the revision affects both currènt and future
periods.
15-

YOUNG CAMDEN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Critical a¢¢ounting •stlmat•$ and judgoments
(Continued)
Kèy 50urcos of estlmatlon ￿n￿rtaInty
Prepaym•nts
Prepayments have been estimated based upon purchase invoices paid during the financial year that partly or
entirely relate to the following financial year. Prepayments totalled £67,327 during the financial year.
Donatlons and legacles
Unrestricted R•strl¢tsd
fvnd$
funds
Total Unreslricled
funds
Restricted
funds
Total
2022
2022
2022
2021
2021
2021
Donaiions and gifts
167.090
941,638
1,108,728
153,991
433,525
587,516
Charltable actlvltles
2022
2021
Charitsble activities
9,473
851
Inv•$tments
Unrnstrl¢t•d
funds
Total
2022
2021
Inleresl re¢Èivable
16-

YOUNG CAMDEN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Charitablg actlvltl8s
2022
2021
Grants and direct project costs
Rent and office expenses
Genoral expenditure
960.755
40,169
23,944
276.161
17,510
18,989
1,024,868
312,660
Share of support cosis (see note 81
sha￿ of govemance costs {see note 81
120,327
3.800
130,218
1.800
1,148,995
444,678
Analysis by fund
Unrestricted funds
Reslricled fun¢Js
114,412
1,034,583
88,889
355,789
1.148.995
444.678
Grants payabl•
2022
2021
Grants to institutions:
Action Youth Boxing
African Physical Training
Abanian Community UK
BeLifted Now
Bloomsbury Football Foundation
British Somali Cornmunity Centre
Brandon Centre
Brookfield Primary Scho
Calthorpe Community Garden
Camden Arabi¢ Association
Camden Sports Development
Cartesian Academy
Centre 404
Coram's Fields
CSKX
Dragon Hall
Eat Club
Eleanor Palmer Primary School
Elfrida Rathbone
Fitzrovia Youth in Aciion
Fuzion Academy
Global Generation
Growing Hope King's Cross
H8mpslead Community Centre
17,778
11,610
2,940
2,500
92,619
2,940
2,500
1,605
4,250
16,527
5,000
1.250
14,575
8,010
2.750
18,040
2.240
3,185
4,978
12,524
5.002
4,614
2.235
2,548
3,622
143,323
8,160
1,975
2,180
2,650
3.396
9,499
1,140
4,351
14,785
1,250
17-

YOUNG CAMDEN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Grants payabl•
(Continued)
Heath Hands
Holbom CommunityAssociation
I Can Dance
Impact Dance
KCBNA
Kentish Town C of E Primary
Kèntish Town City Farm
Kentish Town Community Centra
Khvlisa
Lauderdale House
LB Camden Earty Help
Learning and Development Centr8
L&ga¢y Sports
Let Me know
Ltghthouse
Maiden lane CC
Metro Box
Netley Primary School
New Diorama Theatre
NW5 Communily Play Project
Our Lady and Sl Michael
PACE
Padiament Hill Schod Trust
Pro Touch
Queens Crescgnt CommunilyAssocialion
Regents ParkTime Bank
Samuel Lithgow Youth Centre
Scene & Heard
Sidings Community Cenlrg
Sir Hubert Von Herkomer
Small Green Shoots
Somali Youth Development Resource Centre
Somers Town Community Centre
South Hampslead Kilbum Community Partnership
Sports Development Team
St Mary's Centre Community Trust
Sl Ma￿S C Of E Primary and St Eugene de Mazenod
Primary
St Pancras and Somers Town Living Centre
Thanel Youth and Community
The Caraf Centre
Thè Sapphire Foundation
Unity Works
UNLOC
Urban Outdoors
WacArts
Winchester Project
Yes Outdoors
Other organtsalions Ireceiving less than £1,000 grants)
2.500
7.228
5,000
2,740
2,646
10.423
6.102
6,400
18,952
2,268
13,490
5,000
1.200
27,341
11,420
26,280
11.881
4,250
4,OSO
3,000
3,000
49,156
2,900
7,414
3,000
12,895
3.000
129.130
2,801
27,413
17,130
4,400
3,373
1.282
11.093
23,036
12,205
8.304
4,500
4,291
2.600
5,646
16,890
1,632
5,728
16,170
5,800
1,277
1.440
3.000
9,400
3.000
2.940
25,900
2,500
10.600
14,600
4,845
3,142
3.600
16,585
7,989
5.000
1.193
15,210
11,309
2,200
7,829
18-

YOUNG CAMDEN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
Gr*nt$ payable
IContlnu•d}
Total grant$ awarded
878,816
264,253
Support costs
Support Govemanc•
¢o$t$
¢o$t$
2022
Support Govornanc
costs
costs
2021
Salaries and wages
So¢ial security ¢osls
Contractor costs
Defined contribution
scheme
Recruitment
Staff developmènt and
training
Other
108,077
4,867
1,209
108,077
4.867
1.209
110.798
10,239
1,093
110,798
10,239
1,093
4.189
670
4.189
670
3,047
4,532
3,047
4,532
636
679
636
679
362
147
362
147
Audit fees
3,800
3.800
1,800
1,800
120.327
3.8(10
124.127
130,218
1.800
132,018
Analysed batween
Charitable activities
120,327
3,800
124,127
130,218
1.800
132,018
TN$tg•S
None of the Trustees lor any persons conn8Ct8d with them) received any remuneration or benefits from the
Foundatson during the year.
10 Employees
The average monthly number of employees during the year was..
2022
Number
2021
Number
The￿ were no employees whose annual Temuneralion was morg than £60,000.
19-

YOUNG CAMDEN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
11
D•btors
2022
2021
Amounts falllng duo wlthln one year:
Trade debtors
Other debtors
Prepayments and accrued income
30.000
1,944
67.328
55,000
59,471
99,272
114,471
12 Crèditors- amounts falllng du• wlthln on• y•ar
2022
2021
Notes
Other laxalion and social security
Deferred income
Trade ¢￿dItorS
Other creditors
Accruals
2,553
13
120,000
13,399
533
34,522
413
442
22,808
168,454
26,216
13 Deferred income
2022
2021
Other deferred income
120,000
Deferyed income Is includgd in the financial statements as follows-.
2022
2021
Dèferred income is included within-.
Current liabilities
120.000
Movements in the year..
Delerred income a11 April 2021
Resour¢es deferred in the year
120,000
Deferrgd income 8t 31 March 2022
120,000
-20-

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YOUNG CAMDEN FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
15 Analysis of net assets between funds
Unre$trlct•d Restricted
funds
funds
2022
2022
Total Unreslricltrd
ftjnds
2021
Restricted
fvnds
2021
Tot81
2022
2021
Fund balances al 31
March 2022 are
represented by..
Current assetsllliabililies)
171,821
84,019
255,840
122,322
164,303
286.625
171,821
84,019
255.840
122,322
164,303
286.625
16 Relat8d party transactions
Martin Pratt is the Deputy Chief Executive of C8mdèn Council. During the year Camden Council provided
funding lo Young Camden Foundation of £799,51912021 - £114,850)
Foy62ur Miah is Chief Executive of QCCA which received grants and funding from Young Camden Foundation
totalling £17,854.8312021 £01
Abdikadir Ahmed is an employee of SYDRC (Somali Youth Development Resource Centrel which received
grants and funding from Young Camden Foundation tolalling £16,90012021- £01
Paula Peel is an employee of PACE (Play Adventures and Community Enrichment) which received grants and
funding from Young Camden Foundation lotslling £124,005.5012021 - £12,205)
Maggie Mendy is an employee of WAC Arts which receivetl grants and fvnding from Young Carnden
Foundabon totalling £11,30912021- £16,585)
17 Cash generated from operation5
2022
2021
ID&ficitysurpus for the year
130,7851
143,689
Adjustments for..
Investment income recognised in statement of financial activities
191
Movements in working capital..
Decrea5el{increasel in debtors
Inuease in creditors
Increase in deferred income
15.199
22,238
120,000
164,4711
16.888
Cash gèneratèd from op•ratlon$
126,643
96,106
18 Analy$i$ of ¢hang•$ In n•t funds
The Foundation had no debt during th8 year.
-23-