JotformsiGN C>ocument ID.. 243514286408052 Charity registratlon number 1172314 (England and Wales) YOUNG CAMDEN FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 &iJothyrmsiGN Oo(xJm8nt ID.. 243514286406052 YOUNG CAMDEN FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Tru8te Martin Pratt Ichairl AbdikadirAhmed Tom Simp50n Anneka Munsch Niels Pedersen (Vice Chair and Treasurer) Foyezur Miah Margaret Mendy Daniel Omiso Francesca De Munnich (Appointed 5 March 20241 (Appointed 5 December 20231 (Appointed 5 Decernber 20231 IAppoinled 24 Septemb8¥ 20241 IAppointed 4 June 20241 Lucy Pear50n Andre Schott Edayet 0taky-Jala￿adeh Charlty numbèr 1172314 Prlnclpal address Labs Atrium The Stable5 Market Chalk Farm Road London NW1 8AH Audltor Crilchley5 Audit LLP FiTSt Floor, Park Central 4041 Park End Strget Oxford OX1 1JD Bankers CAF Bank Limited 25 Kings Hill Avenue West M811ing Kent ME194JQ ? JotlormsiGN Docum8nt ID.. 24351428640eo52 YOUNG CAMDEN FOUNDATION CONTENTS Page Chair'5 Report Trustees. report 7-11 Independent audrtor's report 12-14 Statement of financial activities ts Balance Sheet 16 State￿￿￿1 of Gqsh flows 17 Note5 to the finanaal statements 18-32 Jotforn)SlGN Document ID.. 24351428640e052 YOUNG CAMDEN FOUNDATION CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Message from YCF'S Chl•f Ex¢cutlve Offieer The 23124 year wa5 my first full financial year in post, and l arn grateful as always lo the incredible YCF staff team, Trustee5 and members for the completion of 8 $uccesslul seventh year of operation. Our key priorities in this year were to.. Fully adapt to in-person, Camden-cenlered working, vAth 8 team that had seen some tumover Ensure a full suite of member trainings that are respoThswe lo changing needs and priorities Ensure well-funded and regular onw8rd grants rounds that supports member needs Facilitate partnership5 and collaboiation8 for the benefft of C8mden's members Ensure young people in Camden are al the heart of decision-rn8king that impacts them The context of this financial ear In 23124 Camden's children and young people have continued to struggle in the aftermath tsf the cosl of living crisis and the pandemic, as a new generation of young people emerges from these difficult period5. Camden is alreaijy one of the most unequal communities in the UK, and the inequality gap has expanded during this time. Youth work and voluntary- and community-sector (VCSI cuts have coincided wth incfeased need, where 1-ill4 children in Camden live in poverty. and an additlonal 7,000 Camden young people expected lo seek mental health services in the next year, exacerbated by the pandemic. Furthermore, over 8.000 children and young people in Camden are now eligible for Free School Meals an Increase from 2023. Mthile data from the 2021 census recorded a dedine in the numbers of childfen and young people in Camden lin line wlth trends across inner London) the inequality gap between rich and PDof 15 growng. Our tnembers tell us that they a￿ facing sigrTificanl frnancial challenge5, Wth a few much-needed organisatlons closing over the past few year5, while others use resetves to make ends meet. Our member5 also tell us that while need is Increasing, their acces5 to core and even project funding is decr8a8ing. It is not surprising therefore that over a quarter of rnembers feel coneemed about the future of the youth sectOT. Once again the wider fvnding context is highly relevant, as trusts and foundalions have paused or restructured thelr giving, while inflation means that the same grant amounts from pre-p8ndemic times no longer stretch as far as they once did. Trends in membershi and the uni ueness of Camden At the same time, Camden continues to be a hub of voluntary and communty activty, and continues to be a model of what ￿ possible when communities come together and are wg115UPPOrted in partTh8r8hip. As a borough, Camden features one ol ihe hlghest levels of communlty Strength as measuTed by the 'lndex of Civic Strength. 188 calculated by the GLA and the Young Foundalionl, wth high levels of volunteering, gwing, civic parb'cipation, and over 2000 registered charities and not-for-profit communrty interest companies ICICS). This is also evident Sn YCF'S own membership. In the 23124 period. we saw a significant growth of around 10UA of our Members including newer and emergent organisab'ons. We continue to see a trend towards Not-For-Profrt cic as opposed to traditional charitable structures, and also some youth-led CICS (including Khadys Dream which joined in thi5 perTrodl. We are glad lo be able to support the8e smaller and newer organisations Ihrough our Small & Mighty Fund. We are delighted that 93% of rnembers feel that they have benefitted from being a member of YCF in the last 12 months, citing signposting via our weekly curated fund18ising, training and events newsletters, provision of training, provision of small gfants. facilitating of partnerships, and advocacy as our key ben8fits. According lo our 2024 survey. 56¥0 of member5 had applied to a grants round in the last 12 rnonlhs, while half had attended an ￿ent. training or networking opportunity. Over a third had contacted the team foT advice. while 80% had used our new51etter or social media channels to support their fundraising. JotformsiGN Document ID.. 243514286406052 YOUNG CAMDEN FOUNDATION CHAIR'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In temis of support. over 500A of members provide 5peeific service5 to young people requiring rnent81 health support, 540A serve those with SEND needs, and 46¢A support those fiom a racially minoiib5ed background. Supporting young people wilh mentsl health and children and young people with SEND needs continues to be a priority for mernbers. Ke rtnershi achievem nt5 YCF was selected as the M8yor of Camden's charity of the year, to be championèd and fundraised for over the course of Cllr Nazrn8 Rahman's tem. Overall over £30.000 was raised from the Mayorfs fundraising efforts, the majority of which went into YCF'S onward grant-gimng. The 23124 year featured some significant fundraising rnornenls, including M gala dinner, and an event with Alastair and Grace Campbell. We also used the year to host a series of quarterty business breakfa5t5 to engage local Camden corporates. The most Significant achievement irb this year was the recognition and profile boost that our selection gave YCF and our members, providing a p18tform to celebrate VCS youth 5ervice5 across the borough. Huge thanks to the Mayor 8nd the staff in her office who worked so hard to rdise awareness and organise the fundraising ever*ts. This wa3 also thè first ful year of the Level Up Youth Work project, 5UPPOrted by Propel. via Cty Brldge Foundation. This is a coll8bDrative projeci, in partnershlp with Young Westminster Foundation and 8 number of our sister organisations in the YPF Tru8t network, to fund and support 8 'levelling up, of youth work practice across the boroughs. The project brings together a quarterly networked Spa￿ for Camden's youth practitioners, which 15 used to collaborate and co-design training that will support practice. The project also features a small grant lo support youth worker qualffic3tions. In a very busy year for our small team. 23124 was also the first year of our new Young Ambassadors programme, 8UPPOrted by Landsec In this first yeai, we recruited 12 young Camdeners, aged 17-21, to work with us on 4 programme of upskilling, advoc8cy building and serving as 8n ambassador for our organisation and the wlder sector. In this period our Young Ambassadors sat on grants panels to decide where funds are allocated, 8nd spoke on panels at our events, and engaged wrth stakeholdeT5. We are delighted th81 Young Ambassador Hdayet Otaky has now also joined YCF'S Board as a Young Trustee. Finally. 23124 saw a great deal of support in-kind, including over 600 toys from our business neighbours as part ol our Winter appeal and almost 350 5UP8Tmarket vouchers from Camden's supemiarkels. lotalling over £12.000 In support. HAF HAF (The Holiday Aolivlties and Food Programmel is a govemment funded holiday actNity and f¢)od piogramme aimed at providing children with access to heaKhy meals and activities during the school holidays. HAF in Camden is adminislT8ted by YCF. The 23124 financi81 year saw another Successful completion of the Spfing, Summer and Winter 2023 HAF programmes, funded by the Department for Edibcation. with Camden Counrjl commissioning YCF lo deliveT the prtsgramme in the borough. Overall. YCF distributed £847,163 to fund 4,350 place5 for the HAF programme in Camden In 2023, working with 43 prowders across 16 lof a tot81 of 181 Camden wards. 1433 children and young people attended the Spring programme. 3.226 during the Summer progr8mme and 1,034 during the Winter progiamme, and overall place5 were made available for around 17% of FSM eligible children. 73.10 of participant5 were primary aged children and 27Vo secondary aged. The programme funded 264 one to one or Iwts to one SEND places. and 615 children and young people with SEND needs attellding. Over 27,000 meals were served in total. Once again we prioritised local cornrnunty gnd voluntary sector provision. with around 213 of prowsion from YCF member org8nisations. Recognising the growing need in Camden, Camden Council awarded (he HAF programme an additional £100,CQO from its Family Crisis Fund. £80,627 of this helped support an additional 315 children and young people in Summer and ￿nter 2023, many of whom had additional needs. The Test was carrlod over Into the 24125 financial year. A comprehensive overview ofthe 23134 HAF prograrnrne c8n be read in the impacl report here. D Jotforn)SlGN Document ID.. 243514286406052 YOUNG CAMDEN FOUNDATION CHAIR'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 At the time of writsng, the luture of HAF is uncert85n. 8nd we hope that Ihe programme, or something sirni18r, may contlnue in Camden, as we know Ih8t Camden fatnilies 8re rdying on the support and provision that11 provide3 over the main holidays. Grants Despite significant challenges, this financial year saw continued positive outcomes lor YCF and for its members. Between April 2023 and March 2024, Young Camden Foundation distributed £291,998 across Camden's children and young people sector in total in this financial years, via 60 small grants to 47 mernbers in our six grant Programmes this year further strengthening our grant gNing activitle5. We continued our Heads Up1 Mental Heath fund foi the third year runnlng. Wth thanks to support frorn Shaftesbury Capital, Dr. Martens Found8tion 8nd Central Distriel Allian￿. we distributed £44,745 to 10 organi58tions. This allowed 513 young people to access opportunities a(x08s 785 hours of youth provision and 8 Camden youth workers to 8cces8 training. On average. 73% 01 beneficiaries engaged with the membeT organisation in questlon for the first time. The second quartw saw the successful distributson of YCF'S Summer Opportunity Fund, lunded by ￿e￿ent, L8bTech and Camden Tesidents, with over £23,000 awarded across 12 gr8ntee organisations. The fund enabled 549 young people to access summer opportunitie5, Wrth an average of 22 hours of provish)n funded for each participating young person. 58% of participating young people were eligible for Free School Meal, and 16% had SEND needs. Provision was funded across 9 Camden wards. This financial year also continued the Winter Community Fund into its second year, in recognition of the continued C05t-of-living crisis, and the additional pressures being pla￿d on both Carnden's young people and our member organi58tions. This fund was funded by Capital PCC, Norman Rourke Pryrne, Savills. and Camden residents themselves, after a letter to 811 high-rate council tax residents from the Leader of Camden Council, asking them lo consider making a donation to YCF. As a result ol total fundiaising efforts, over £25,000 was distributed to 13 member. reaching over 1.200 children and young people. As another testament to the impacfful nature ol YCF'S work, 92'/ts ol grantees reported that they would not have been able tts lund their Winter piogiarnmes Wlthout YCF'S funding. YCF continues lo support small and emerging organisations lincluding CICS) through our JLC funded Sm811 & Mighty Fund. now in its third year.. via £50.037 small grant5 10 11 several new member organisations. Member5, furtheT 51rengthening, including In February 2024, we continued our Supplementary Education Fund, funded by John Lyon's Charity, distributing £28,497 via 9 grantee org8nisations. Grantees are currently delivering projects, with the full report due lo be published in March 2025. Finally, 2023124 financi81 year ended vAth our first Brighter Futures Fund. Thanks to generous support from Google Ivia Tides Foundation), we distributed £117,000 arrong 5 member organisations, supporting employability piogrammes across the borough. Grantees are currentty delivering project5, with the full report due to be published in January 2025. Membershi offer In this period, the le8m has also strengthened our membership offer, through a tailored, compTehensive Iraining and events suite, across both Strengthening youth pTaCti￿ and caparity building. to an increased Tnembership base. In 23124, our small team hosted 21 member training5 and events, induding PTactitioner upskilling. capacity-building support and networkirg, engaging over 350 attendees and 72 unique member organisatyons (around 50% of 811 members). Trainings and events in this period included." LGBTQ+ Awareness with Stonewall, a CEO l Director support workshop, YCF'S first Black History Month Celebration, sodal rnedia training wth the Media Twst, and He811hy Relationships wKh member organisation LMK (Let Me Knowl. JotfonTrsiGN Document 10.. 24351428640e052 YOUNG CAMDEN FOUNDATION CHAIR'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 As part of this significantty expanded training and events suite. we have a150 partnered with Young Westminster Foundation, as part of the Propel funded Level Up Youth Work projed, strengthening best practi￿ In the thildren and young people voluntary sector. The project features a small budget for co-produced youth worker trainings and quarterfy network spa¢es with Camden's youth practitioners, and a small budget to fund youth vlork qualificaliony In due course. New Igcal members joining in thi5 period include 7th St Pancras Girl Guides. N8z & Matt Found81ion, Elfrida Rathbone. Lats'n American House (Supplementary School), Khadys Dream Ispecialising in gang and prison 8warenessl, Steel Pan Music (raising the profile and PTactice of steel pan music) and Kindle Corner la reading organisation based in Sorners Town). Of our new member organi8alion5, 6 were also supported to access at le85t one grant from YCF in the 23124 year and lo attend at least one training or event in this period. In this period, the team also oversaw our ¢omprehen5ive annual membership survey and renewal, ensuring stn)ng due dillgence processes. Flnalty, 23124 was a150 th8 17rst year of a new p3rtneT5hip with Young Brent Foundation, to ersure targeted support for Camden and Brent'5 Supplementary Schools. The new partnersh￿p, funded by JLC, sees the continuation of YCF'S own Supplementary Educab'on Fund, together wth the new role ol Supplemellt8ry Schools Cooidin8tor, working acr055 the boroughs of Carnden and Brent. YCF is proud to count dozens of Supplementary schools in its rnembership, the majority of whith work wtth specific diaspora ond racially minorilised communities. The YCF team YCF continued to have a strong team in 23124. with some tumover of staff. We concluded the financAal year with a full team in place. recrurting where nece5S8ry1gnd offering intemal development opportunities wherever possible). Our te8m brings lived experience of m8ry of the challenges 8nd opportunities Camden's communthes face. and works hard in service of our rnembers. I would also like to Specifical￿ thank the YCF staff te8m (titles as al the tirn8 of writing) as well 85 all the staff who worked for YCF over this financial year, for their hard work in making all of the above possible.. Ellie Lewis. Mernbership & Communications Manager Shannon Roncari, Operations Officer Grace Maiic, HAF Offi￿r ts'oined M8y 20231 Alev Omer, Membership & Event5 Assistant tioined September 20231 Sophie Kruger, Head of P8rtnerships & Grants tioined October 20231 Mohamoud Hassan, Supplementary Schools Coordinator O'oined May 20241 Wathsala Senadheera- left September 2023 Sam Speer- leftAugust 2024 Wrillen by Dais S¥blin CEO. ? JotformsiGN Document ID.. 243514286406052 YOUNG CAMDEN FOUNDATION CHAIR'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 Chalrfs Rèport We are pFeased to present Young Camden Foundth'on's Annual Report for 2023124, and this is my first report 8s the incoming Chair of Trustees. I would like to pay tribute to YCF'S outgoing Ch8ir Fiona Millar and Vice Chair Stephen Greene, who stepped down from their roles in March 2024. YCF benefitted gready from their guidance and service. and we are delighted that they have both agreed to stay on as Assoaate Trustees of the charity. Until 2023, 1 served as Executive Director, Supporting People and the Deputy Chief Executive for the London Borough of Carnden, and I have over IhTee decades of experien￿ in the field of chlldren'8 services and educabon. l joined the YCF board in 2017, 8nd later served as Chair of the HR & Safeguarding Committee. Having joined at YCF'S inception, followng the establishment of the charity by a joint initiative by Cllr Georgia Gould (then Cabinet Lead for Young People). John Lyon's Ch8rity and the local thildren and youth voluntary sector, il is clear ihat we have seen a significantly changing and increasingly challenging context for the young benefici8ries our members support. Such contexts sharply demonstrate the incTeased need for infrastructure organisations such as YCF, to support, advocate for and f8cililate partnershlps for our local sector. Thi5 report covers our sevonth year of operation in which we have expanded our team and seen 9rowth in OUT membership. projects and granl%iving lor the benerrt of youllg people In Camden, We have also continued to deliver the Holiday Activities and Food IHAFI Prograrnme on behalf of the Department of Educalion and in partnership with Camden Council. We have also welcomed new Trustees in the 23124 year. including Lucy Pearson, Francesca De Munnich and Daniel Omisore. and in the 24115 financial year Andre Schott and Hdayet Otaky, who we are delighted tts have join us, bringing their expertise and irssights. We are glad to have made our irnpact in the community not least because this report also coincides with a period of enorrnou5 challenges for Camden's communily, and our children and young people. The pandemSc exp08ed inequalib.es aGross our communlties, while the cost of living crisis has pushed many families to crisis point. Our members are al the forefront of serving our communities, in a borough where there 8re around 45.000 children and young people in Camden laged 19 and underl, and our 160 mernbers reach thousands of children and young people in our comrnunity. We know that our work is more important than ever. Carnden is an amazing place to grow up, but it is also home to some of the UK'S most unequal communities. where over 1-in4 children Ilve in poverty, and where need is rising. The p851 decade and a half has seen increasing pre55ures on local authority budgets reducing inve5tTnent in youth services, thi5 leaves organisation5 such as YCF'S members having to find new and innovative ways to meet need. Our member5 also face a challenging landscape. As of our 2024 member sutvey, many ol our members are using reserves to rnake ends meel128%1. or have no reserves121 %). Camden fa￿$ challetTges around sector longevity with 28% 01 member8 reporting recruitment I retention challenges. 50.kn of YCF'S rnembership are small organi5ations, employing 6 or less staff, and 60% report they do not have enough core funding to m8ke ends ￿￿et. Meanwhile 80% of member5 report an increase in dernand for their services over the last 12 months. The partnerships and collaborations that YCF enable5, the funds that we fundraise for and dlstrfbute, the membership support and capaaty-building offer that we provide as a local infrastructure organisation.. all of these are integral in ensuring a local Camden community that is joined up and working collabor8tively in SeN1￿ of our children and young people. That is why we are particularly proud that, in this 2W4 financial year, we athieved the follovAng'. £1,141.665 via 7 gTants rounds induding the Holiday ACtivit￿S Fund. Camden HAF programrne offered over 4,350 places and over 27,000 meals to Carnden children and young people £57,000 In corporate support forlhe sector 21 member tr8inings and events New projects including the Young Ambassadors programme, the Level Up Youth Work project, 8nd targeted support for supplemènl8ry schools Growlng our membership by 10% in this period rj ￿f￿rnsIGN Documont ID.. 243514286406052 YOUNG CAMDEN FOUNDATION CHAIR'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 As 8 m8mbership organisation, our members are at the heart of all that we do. That Is why we are especialty ple85ed that, in our most recent SUTvey 95Yv of responding rnembers agreed that being a member of YCF had benefitted their organisation in the last 12 months. and 90Q/o felt that the YCF team was responswe and 8ccessible in the last year. Members felt that some ol the most uselul services YCF offered included.. signposting to other opportunities specifically vla our newsletter and soci81 media,. access to YCF'S own small grants", and providing training and development opportunities. In tfvis period, about half of members accessed 8 training l event or and about half applied for a grant. The next twelve months are sel lo be just as busy. as we review and renew our strategy, to ensure our work is firmly aligned with the needs of our members and our young comrnun+￿e$. We would like to thank our funder5 in this period who enable our work to continue iNcludlng.' John Lyon's Charity, the London Borough of Camden, City Bridge Foundation, Paul Harnlyn Foundation and our numerous business partners for their help and 5UPPOrt. We were privileged to be the Mayor of Camden's chosen Ch8rily this year and are grateful to Cllr Raman and her office for 811 they have done to support Camden's children and young people through our fantsstic member organi5ations. 01 course. the dedlcation, hard work 8nd tireless commitment of our wonderful staff is SOUTce of g￿at pride. Many thanks to them. Thanks and recognits.on also go to the 808rd of Trustees for all their h8riJ work and commitment. Above all we thank our members, who are working at the front line with our young people, and who are 81 the heart ofwhat we do. Martin Pratt Chalr 12118/2024 D81e". JotformsiGN Do¢urnent 10.. 243514286406052 YOUNG CAMDEN FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustses present their annual report 8Trd financial statemènt5 for Ihe year ended 31 March 2024. The financial statements have been prepared in accordan￿ ￿th the accounting policies sel out in note 1 to the financial stateTnent5 and comply with the Charity's Constitution, the Charities Act 2011 and 'Accounting and Reporting by Charitl85.' Statement ol Recotnmended Practice applicable lo charbties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. lèffedive 1 January 20191. L•gal Structure Young Camden Foundation C'YCF'I is a registered thafrty, number 1172314. It Was registered with the Charities Commission in March 2017, constituted as a Charitable Incorpor8ted Organisation ICIOI. Additional trustees are recruited and appointed by existing tIU5tees. Public Beneflt The trustees have complied with their duty to have due regard to the Charlty Commission's Public Benefit Guidance IPB1 the Public Benefit Requirement. PB2 Public Benefit Running a Charity and P83 Public Benefit Reporting) when exercising powers or duties to which the guidance is ielev8lbt. Objectlves and actlvltles Back round Established Sn 2017. YCF is a registered chaTty set up to address the growing uncertainty of long-lerm investment In the children and youllg people sector in Calnden and the need to build more cross-seclor partneiships. YCF aims to provide a new model of local support for Its Fnembers. which indu¢Jes bu￿IdIng capacity and betteT equipping the comTnunily with resources and furiding, connecting 8nd working wrth organi$8tions to develop new and entrepreneurial approaches to supporting young people and championing cr￿cal issuès facing the local commuThlty. In the financial year ending March 2024, YCF awarded rnore than £1.141.000 grants to members, which include C8Fnden-based chkrtties Ih8t offer services and support to children and young people. This means that, 85 of N4arch 2024, YCF had awarded mor8 than £4.194,024 in grants to its members since its in￿ptiOn. Mission Statement YCF aims to encour8ge and assist its member8. partners, and supporters in connecting and working together to form innOva￿'Ve and sustainable opportunities for young people in Camden. Ob'ectlves The promotion of the efficiency and effectiveness of chaiitie5 and ¢he effective use of charitable resources by organisations working with children and young people lor the benefit of the public by prowding 5LlPPOrt and advice to charities and through assisting non-charitable organisations lo directty further a charitable purpose. To advance in life and relieve the needs of young pèople through making grants to owganisations that do any or all of the following.. the provision of recreational and leisure time actNities provided in the interest of swal welfare, designed to irnpiove their conditions af life., providing support and 8clivrties which develop their skills, capaaties and capabilrties to enable them to P8rticipate in society as mature and responsible Individuals. JottomisiGN Document ID.. 243514286406052 YOUNG CAMDEN FOUNDATION TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Activities YCF believes that all children and young people In Camden should have the support and opportunity to thrive. YCF aims to grow a vibT8nt, resilient and connected community that invested in supporting. and C￿atIng rneaningful opportuntties fo¥, all children and young people in Camden and lo create a new model of local support 31 a lime of significant funding challenges. The main ath'vrties for the org8nlsation indude. bul not be Ilmited to.. Building the capacity of d7aritable and voluntary organisations wor*ing wth children and young people by conneoling them with each other and other stakeholders. Using a membership format to provide charitable and voluntary organisations wl¢h the necessary 8dvice, support, infomiation, training and seNices lo enable them to pursue their charitable purposes and improve the efficiency and management of their reSour￿s. Grant making lo eligible charitable and voluntsry organisations that can demonstrate their abilty to further the life of young people within the borough. The TTVStee5 have paid due regard 10 9uld8nce issued by the Chority Commission in d¢cldln9 whal 8ctivib.es the Charfty should undertake. Youn Peo le's F ns YCF is part of the Young People's Found8llon I"YPF°I, a model sèt-up by John Lyon's Charity to addres5 the ongoing preSSUTe5 on the Children and Young People sector. YPF brings together the public, private and voluntary sectors to effect positive change for young people. Based in local communitie5, eath YPF is an independently registered charity, and their services are led by their mernbers and based on the needs and assets of their area. Together they share a comrnon goal- to help create and champion a more impactlul. co-ordin8led. and sustainable sector to ensure all young people have access to qualty support and opportunities. As of March 2024 Young People's Foundations exlst in nine London boroughs and indude". Young Bamet Foundation,. Young Brent Foundation., Young Camden Foundation,. Young Ealing Foundation., Young HammeT5mrth & Fulham Foundation,. Young Harrow Fo￿ndatIOn,. Young We5tmlnster Foundation", Young Kensington & Chelsea. Other areas a￿ also under consideration. Goveman The Board meets fofmalty every quarter. Wrth both the CEO and ChaiT in 8ttendance. All rneeling5 are serviced and recorded by 8 clerk to the trustees. We have established a hybrid model offering face to f8ce and digrtal attendance, though, 8s a proudly plactrbased charty, in-person full board rneelings are always preferred. YCF'S 8oard ol Trustees 8150 has four su￿ComMIttee$. th81 meet online fouT limes a year, in advance of the meetsng of the full board. The cotllmittees are.. Finance. Grants, HR & Safeguarding and Fundraising. Al Trustees are a member of at least one committee. The members ol the various Sub-committees are exclusively trustees. The CEO attends all SU1￿ComMittee meetings. A Chair 8nd Vice Chair is nominated and elected from the existing board. Terms of service are usually three yea long, 8nd these terms can be renewed. YCF has a board which is 8 mixture ol member representstives and people with Specific skills, and most Trustees have some connecbon with Camden, whether professionalw or by background. We recruit n￿rnber trustees lo reflect the geographic locations in the borough and also Ihematic ai8as of specialism. Specific skills are repla￿d through an 8Xtemal reciuitment process vjhere Tbeeded. YCF also aims to have at least one Young Trustee laged 18-25 years old) at any given tirne. J￿tOrmS1GN Document ID.. 243514288406052 YOUNG CAMDEN FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Existing trustees afid the CEO have joint responsibility for identitying and encouraging new truslees. Once a possible new trustee has been Identified they are invited rlleel with the Chair and often 81so the CEO. 11 all goes well. they are then proposed, seconded and voted in at the following meeting. Once appointed new trustees have an induction process to make sure they 8re fully aware ol their responsibilities as a charity trustee. Recently, we have developed a new induction program for our trustees to ensure they build on the skills they bring to YCF and truly understand the YCF mi8sion and operations. Board development is an ongoing process. Training opportunities are shared with trustees whenever thèy ar15e, and trustees are encouraged to attend any staff wide training that occurs. Board Away Days usually occur annually which allow the Board to be fully involved in strategy and forward planning for the year ahead. As YCF is part of the YPF Network it can access best pr8Ctice training in line with the Young People'5 Foundation Trust guidance 8nd trustees are able to partiupate in cr055 neiwork opportUn￿eS greauy enhanung their tru51ee experience. YCF also has a number of Associate Truste8s. These are primarily honorary positions Ir8ther than holding fomal responsibility), butAssociate Trustees may be invited. on occasion, to provide guidance on a specific subject. The Chair and CEO meet regularly to enable support and resilience. The Board has remained dedicated and supportive of our work. They are to be thanked, as volunteers. for their time and commitrnent. The trustees havtr delegated the day-to-day running of YCF to the CEO. Flnanclal Revlew From 8 fin8ncial perspective, YCF had a satisfactory year. The board approved a deficit budget for the 23124 financial year, as YCF'S reserve5 Were above requirements as set out in the re5erve5 policy. Income increased by 2.1010 to £1,467,907, which continues the trend ol below inflation incorne increases. Outgoing increased by 7.8Q/o to £1,204,431. This resulted in a loss of £14,339. Of the outgoing5, gr8nts made came to £1,141,665- an impressive incre85e of 26.1%. As of 3113124, YCF had free ieserves of £216,616. A5 this is above the resetves policy range, the board approved, in May 2024, a further plan to Spend the excess on charitsble activities over the period to 3113126. Following this decision, those ftjnds have been designated. which means that, as ol writing of this report. YCF'S tree reserves h8ve decreased and are now better in line vAth its rese*ves policy. Reserv s Poli YCF holds free resetwes to &nsure its lono-lem viability. The purpose of the reserves policy is to foTTnalise this while explaining why YCF is holding a particular level of free reserves. The reserves policy is reviewed annually. Compliance with the policy is revlowed by the Finance Committee each quarter. Based on its assessment of various risks. of which the m8in risks are set out further below, and of the quality and predictability of it5 income, the Board considers that YCF needs to hold free reserves of between £114,000 and £147.000 which, al the time of the most wecent policy review, equated to about 4.0 to 5.2 months of budgeted operating expenses. Investments YCF has a policy nol to rnake investments. Monies are held on account with banks or building societses. DJotfomisiGN Dttument ID.. 243514286406052 YOUNG CAMDEN FOUNDATION TRUSTEES, REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Rlsks As a charity whieh glves out grant5, YCF faces limited risks ￿lated to the delivery of this purpose. Its main are.. 11 a sustained decline in funding and 21 staff issues includlng adverse effects ol having unfilled positions, recruiltnenl costs, ￿dundanQY costs and increased staff costs. Together wkth the CEO, the trustees continue to monitor these risks and lo lake appropriate 8nd ptoportional actio to mitigate thern. The trustees also undertake regular horizon-scanning lor emerging or in¢reaslng risks. Being part of the YPF Nehvork is v&ry helpful to this proce58. Imiile the Yundr815ing landscape for the chaiitable-sector, as a whole, is becoming increasingly challenging. YCF beneffils from long-standing and strong ￿latIOnShipS wrth oJr key funders and we continue to nurture these relationships. We also continkjously seek to broaden our fundlng base. Our CEO and Head of Partnefships & Grants lead these efforts on beh8W of the charity. In respect of stsff dsks, the CEO and the ttustsos invest considerable time in preparing foi various scenarios. The rnajorfty of YCF'S funding Ifor ts grants and its own core costs) comes from a management fee from centr81 govemment, local government partners, businesse5 ¥Wth a presence in Camden and grant-making trusts and foundations. Only a sm811 share of our overall funding comes from individuals. During the finanaal year to 3113124, YCF spent £29.789 on fundraising which was PfOPOrtional with the prior financial ye8r. The majority of YCF'S own ftsndTaising efforts benefjt members, via onward grants. Under the law, YCF is required to fundr8ise responsibty. including ¥Mth a keen eye on protecting vulnerable donors. To en8uie compliance with these ie5ponsibilities and. also, to ensure fundraising aligns with our values and purp0$9, a new fundraising policy was introduced during the year. It prohibits YCF, directly or through fundraising agencles, to undertake 11 door-to-door fvndraising, 21 Ljnsoliuted street fundraising, or 31 unsolicited telephone fundraising. Passive street fundraising is, however, pemitted. The policy also requires th8t YCF rejects or retums donations in ￿rtain limited circumstances. e.g. where there is a significant risk that, accepting funds frorn 8 donor would materially and negatively impact YCF'S ability lo fundraise from other sources, or where there 8re ethul considerabons. Plans for future perlods 23124 represented the $8cond year of our three year strategy, available on YCF'S web ite, detailing our objectlves going fO￿ard. and our activities to achieve these. The headlines are.. Increase long-term investment in the Children and Young People sector in C8mden Connect members, partners and supporters in new cross-sector collabor8tion and partnerships Llsten to young people 8nd ensure they are safe, Ihriwng and achieving their full polenli81 8uild members, capacty to deliver high4Juality and sustainable youth provision YCF'S strategy is currently belng reviewed via a comprehensive proce55 involving staff, the board and input from our stakeholders- principalty our members, ￿th 8 new strategy being p￿pared for 25-28. 10- ? JotformsiGN Document ID.. 243514286406052 YOUNG CAMDEN FOUNDATION TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 The Trustees who served during the year and up to the date of signature of the financial statements were.. Stephen Greene (Resigned 5 March 20241 Fiona Millar (Resigned 5 Mar¢h 20241 Martin Pralt ICh8irl Paula Peet AbdikadirAhmed Tom Simpson Anneka Munsch Niels Pedersen (Vice Chalr and Treasurer) Foyezur Miah argaret Mendy Daniel Omisore Francesca De Munnich Lucy Pearson Andre Schott Edayet otaky-Jalalzadeh (Resigned S December 20231 (Appointed 5 March 20241 (Appointed 5 Decembei 20231 (Appointed 5 Oecember 20231 IAppoin18d 24 September 20241 (Appointed 4 June 20241 Statemènt of Trustees, r•spon8lbllltles The Trustees are responsible for prepanng the Trustees, Report and the financial statements in accordance with applicable law and Unrted bth'ngdom Accounting Standards (United Kingdorn Generally Accepted Accounting Practlcel. Prat Martin Pratt (Chai 1211812024 D8te.' Jotf¢rmsiGN Document ID.. 243514288406052 YOUNG CAMDEN FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YOUNG CAMDEN FOUNDATION Opinion We have audited the finanaal statements of Young Camden Foundation (the 'Charily'l foT the year ended 31 March 2024 whith rA>rnprlse the statement of financial activities, the balance sheet, the statement of cash ffiows and notes to the financi81 statements, including significant accounting policies. The firancial repDrtlng framewoik that has been applled in their preparation is applicable law and United Kingdom Accounting Standards, including Finanri81 Reporting Standard 102 The Financial Reporting Slondard applicable in the UK and Republic of Ireland (United Kingdom GenerallyAccepted Accounting Practice). In our opinion. the financi81 statements.. give a true and fair view of the state of the charity's affalrs as at 31 Marth 2024 and of its incoming resources oné application of resources, for the year then ended", have been prope￿ prepared in accordan￿ wilh Unrted lfjngdom Generally Accepted Accounting Practice., and have been prepared In accordance with the Charities Act 2011. Bas18 lor opln5on We conducted our audit in accordan￿ with International Standards on Audiling IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described In the Audiloffs responsibililies for th8 audil of the fin8ncio1 slolements section of our report. We are independent of the Charty in accordance with the ethical requirernents that are relevant to OUT audit of the financial statements in the UK, including the FRC'S Ethical stand8rd, and we have fuhllled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suffioent and appropriate to provide a basis for our oplnion. Concluslon6 relatlng to golng concern In auditing the financial staternents, we have concluded that the Trustees. use of the going concem basis of accounting in the preparation of the finanual staternents is appropriate. Based on the work we have performed, we have not identified any material un￿rtainlIeS relating to events or conditions that. individually or collectively. rnay cast significant doubt Dn the Charit15 ability to continue as a going concern for a perlod of at least ￿e1Ve rnonths from when the financial statements are authorised for issue. Our responsibilities and the responslblllties of the Trust8es with respect lo going concern are described in the relevant seetk)ns of this report. othèr Infomiatlon The other infoirnation comprise5 the infoirnatlDn induded in the annual report other than the financi81 statements 8nd our audito¢s report thereon. The Trustees are responsible lor the other infofmation contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other inyomiation and. in doing so, constder whether the oiher information Is materially inconsislenl w51h the financial statements or our knowledge obtained in the course of the audit, or otherwise appears lo be materially misstated. If we identrfy such material incon51Stencies or apparent material mlsstatements. we are required to detemiine whether this gives rise to a malerial misstatement in the financial statements themselve5. If, based on the work we have performed. we conclude that there is a material mi5Statement of this other infoTmats"on. we are required to report that fact. We have nolhing to report in this regard. Matters on whlch we are required to report by ex¢eption We have nothing to report in respect ol the following matters in relation to whlch the Charitie8 (Accounts and Reportsl Regulations 2008 requires us to report to you rf, in our opinion.. the infofmation given in the financial 81otements is inconsistent in any material respect with the Trustees, ieport". or sufficient accounting records have not been kepl., or the financial statements 8re not in agreement with the accounting records., or we have not received all the l￿formatIon and explanations we require for our audit. 12 B JotfornisiGN D￿UMentIo.. 243514286406052 YOUNG CAMDEN FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YOUNG CAMDEN FOUNDATION R•spon8lblllties of TruBtee¥ As explained more fully in the statement of Tnjstees, responsibilitie5, tre Truslees are responsible for the preparation of th8 financial statements 8nd for being 88tisfied that they give a true and fair view, and for such inlemal control a5 the Truslees determine is necessary lo enable Ihe preparation of financial statemen15 that are free from material mi8Statement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charty's ability to continue as a going concern, disclosing, as applicable, rnatters related to going cOn￿M and using the going Concern basis of aC￿U￿ting unless thè Trustees either intend lo Cease operations. or have no realistic altemative bul lo do so. AudltoV5 responslbllltl88 for the audlt ￿ the financial statèments We have been appointed as auditor under section 144 of the Charities Ad 2011 and report in aecordance with the Act 8nd relevant regulations made or havlng effect thereunder. Our obleclwes a￿ to obtain reasonable assurance about whether the financial statements as a whole are free from material Tni55tatement, whether due lo fraud or error. and to Issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI will a￿ayS detect a material misstaternent ¥then it exists. Misstatements can aiise frorn frau4J or error and are considered material if, individually or in the aggregate, Ihey could re8sonably be expected to influence the economic deasions of users taken on the basis of these financial statements. The extent lo which our PTocedures are capable of detecting irregularities, induding fraud, is ¢Jelailed below. Our approach to identifying and 855essing the risks of material misst81ement in respect of iTregul8ri1ies, including fraud and non-complian￿ with laws and regulations, was as follows.. the engagetnent partner ensured that the engagement team collectivety had the appropriate cornpelence, capabilities and skills., we identified the laws and regulations applicable to the company through discussions with diiectors and other management. and from our kn()wledge and experience", we assessed the extent of compliance with the laws and regul8b.ons identified above through making enquiries of management and inspecting legal correspondence where applicable., and identified law5 and regulations were communicated wthin the audit team regularly and the team remained alert to instances of non > >E c w I Iiiiiiiiiiilil. JfL2f&J ou)Ofnow)ouJowO￿0¥LL OL) >0 000 00 00 00 00 C40 00 00 (yoo 00 C*a Dij 7J c c c c J J LL LL LL LL CC C C C C Ec t5UTV7J c as >lL¥LL¥LL¥￿[)LL￿U￿￿ELLILLIrTZ 'É LL LL tL LEI £Zy D)C CDC UJC LL I I < alLL InLL ￿LL 115 111 cc oQ)UUc J o 0> ooo U£L ZCJuJvouJc i 2 CL£ CL£ LL (L> (L>_WW UJU) UJZ> c c cc 0000 LL >LL &JotfomisiGN D￿ment 10.. 243514286406052 YOUNG CAMDEN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Unrestricted funds The unrestricted funds olthe charity comprlse the unexpended balan￿S of donations and grants which are not subjeol lo specific condition5 by donors and gr8nlors as to how they may be used. These include designatèd ftjnds which have been Sel aside out ol unrestricted funds by the trustees for specific purposes. At 1 Aprll 2023 Incoming re8ouTces Rèsources expended Transfers At 31 March 2024 General funds 209,000 259,023 1223,4071 128.0001 216,616 Prgvlous year.. At 1 April 2022 Incomong resoLTrrce8 Resources expended Transfers At 31 Mareh 2023 GeneTal lunds 171.821 215,272 1177,8701 12231 209.000 18 Analy818 of net ass•ts between funds Unrestrlcted funds 2024 Rèstrlcted funds 2024 Total 2024 At 31 March 2024.. Current assetsllliabiliti8sl 216,616 50,818 267,434 216,616 50,818 267,434 Unrèstricted funds 2023 Restrlcted funds 2023 Total 2023 At 31 March 2023.. Current a5selsllliabilitiesl 209,000 72,772 281,772 209,000 72,772 281,772 19 Operatlng lease etsmrnltments Lessoe At the repo￿.n9 end dale the Charity had outstanding commitrnenls for future mlnlmum lease payments under non-cancellable Opera￿ng 18ases. which fall due as follows.. 2024 2023 thin one year 12,960 8,640 31 ? JotforrnsiGN Document ID.. 24351428e406052 YOUNG CAMDEN FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Related party transaetlons Martin Pratt was the Deputy Chief Executive of Camden Covnal until 30m6123 and Daniel Omlsore is Director of Fin8nce at Camden Council. During the year Camden Council piovided funding to Young Camden Foundation of £980.439 prirnari￿ via the DfE HAF programme12023 - £840,832). Yovng Camden Foundation Jlso provided funding lo three Carnden Council teams.'- Youth Earty Help Team £29,894 12023 £29,222), Camden Sports Development Team £20,460 12023 - £19,200) and the Community Support Team £2,709 12023- £0) a5 part of MAF commissioning. Tom Simpson is Senior Counsel at YouTube, Google UK Ltd. During year Young Camden Foundation received £117.372 from Tide3 Foundation which is a Charitable Giving ￿atforM funded by Google. Foyezur Miah is Chief Exeeuts"ve of QCCA whith receNed gran15 and funding from Young Camden Foundation totalling £19,81012023- £16,737} AbdikadirAhmed is Youth Service5 Manager at SYDRC (Somali Youth Development Resource Centrel which received grants, funding and roorn hire payments frorn Young Camden Foundation totalling £16,75812023 - £17,641) Paula Peet is an employee ol PACE IPl8y Adventures and Comfflunity EnTichm8ntl which received grants and funding from Young Camden Foundatson totalling £235.499 12023 - £167,675) leaving the Board of Truslees on 05112123. Maggie Mendy is Short Break5 Delivery Manager at WAC Arts which recelved grants, lunding and room hire payments from Young Camden Foundation totalllng £6,00012023- £3,180>. Andre Schott 18 Chief Executive of Fitrrovia Youth In Aclbon vthich received grants and funding from Young Camden Foundation totalling £22,03812023- £2801 21 Post Balance Sheet Events There were no p05t balance sheet events requiring discloSUTe. 22 Cash labBorb•d byllgeneTated from operatlons 2024 2023 IDeficitllsurplu8 for the year 114,338} 25,932 Adjuslments for: Investment income recognlsed in slaternent of finanaal activities 13,0541 192n Movements in working eapital.. Iln¢rea5elldecrease in debtors Increase in creditor5 IDecre8sel in deferred incorne 126,7461 34,353 188,0551 14,150 13,397 114,4001 Cash labsort)ed byVgen•rated from operations 197,8401 38,152 23 Analysls of changes In nat funds The Ch8rty had no material debt during the year. 32- BJotformsiGN Audit Trail TITLE YCF Final TAR 23-24 DOCUMENT ID 243514286406052 DOCUMENT PAGES 35 STATUS COMPLETED TIME ZONE EuropelLondon DOCUMENT HISTORY Process Started Dec 17, 2024 03.'07 PM The document has been sent for signalure. Invitations Sent Dec 17, 2024 03.'07 PM Sent for signalure to Idaisy@youngcamdenfoundation.org.uk) IP.. 79.173.189.39 Viewed Dec 17, 2024 03.'13 PM Viewed by (daisy@youngcamdenfoundation.org.uk) IP: 79.173.189.39 Viewed Dec 17. 2024 03:13 PM Viewed by Idaisy@youngcamdenfoundation.org.uk) IP= 20.108.254.77 Signed Dec 17, 2024 03:14 PM Signed by (daisy@youngcamdenfoundalion.org.uk} IP.. 79.173.189.39 Invitations Sent Dec 17, 2024 03.'14 PM Sent for signature to 1mpratt969@btintemet.coml IP: 79.173.189.39 Viewed Dec 18, 2024 10:11 AM Viewed by Impratt969@btinternet.com) IP.. 2aOO'.23c8.'1708.'301.'d8ec:109a=8 JotformsiGN Audit Trail TITLE YCF Final TAR 23-24 DOCUMENT ID 243514286406052 DOCUMENT PAGES 35 STATUS COMPLETED TIME ZONE EuropelLondon DOCUMENT HISTORY Signed Dèc 18, 2024 10.'12AM Signed by Impratt969@blinternet.com} Ip= 86.154.60.178 Process Completed Dec 18, 2024 10:12AM The document has been completed.