**Company Registration No. 1172685 (England and Wales)**
## **SYA**
**ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **SYA**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Donna Leeding||
|---|---|---|
||David Bishop|(Appointed 18 October|
|||2023)|
||Aleesha Skett||
||Jon Wellman||
||Rebecca Kwan||
||Robert Pinsent|(Appointed 24 September|
|||2024)|
|**Charity number**|1172685||
|**Principal address**|The New Lodge||
||Upton Lane||
||Shrewsbury||
||Shropshire||
||SY2 5RR||
|**Auditor**|Rimmer||
||1 Knights Court||
||Archers Way||
||Battlefield Enterprise Park||
||Shrewsbury||
||Shropshire||
||SY1 3GA||
## **SYA**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees report|1 - 3|
|Statement of trustees responsibilities|4|
|Independent auditor's report|5 - 7|
|Statement of financial activities|8|
|Balance sheet|9|
|Statement of cash flows|10|
|Notes to the financial statements|11 - 21|
## **SYA**
## **TRUSTEES REPORT** _**FOR THE YEAR ENDED 31 MARCH 2024**_
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
## **Objectives and activities**
The purpose of the charity as set out in its governing document. The Objects of the Charity (as stated in the constitution) are “To help young people (Aged up to their 26th Birthday) in Shropshire, especially but not exclusively through their leisure activities, to develop their physical, mental and spiritual capacities that they grow to full maturity as individuals and members of society”.
## **To achieve this we:**
## 1. Deliver:
- a. 17 full staffed youth clubs (These include SEND, LGBTQI+ and young parents’ groups).
- b. 17 Partnered clubs (Where we provide 1 member of staff to support a community run club).
- c. 7 Time2talk -Social emotional mental health projects (SEMH) in schools.
- d. A programme of young leader and adult youth work training which includes L2 & 3 youth work, safeguarding, First Aid, food hygiene etc.
- e. Youth voice projects including MYP’s, youth forums and health champions projects.
## 2. Support:
- a. 76 voluntary youth clubs (Offering training, policies, procedures, equipment and support visits.
- b. 22 Other organisations, charities and business’s, these include Shropshire scouts, girl guides and young farmers, as well as religious groups and organisations that have a youth offering.
Our aim, including details of the issues we seek to tackle and the changes or differences we seek to make through our activities and how that will further our legal purposes.
## **To create safe spaces for all young people to:**
- Improve their Social Emotional Mental Health (SEMH)
- Reach their full potential through the exploration and understanding of healthy relationships
- Develop the life skills to transition to adulthood.
- Celebrate and challenge views around equality, diversity, identity and belonging
- Reflect on and experience informal learning to raise ambition and aspirations.
- Be empowered and supported to use their individual and collective voice to influence change.
We have five strategic pillars that support the charities delivery, each strategic pillar is led by trustees, they are:
- Quality, Innovation and Diversification
- Fundraising Communications and Marketing
- Operations
- Finance
- People
- 1 -
## **SYA**
## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
We use a range of metrics to measure success and the impact we make, these include:
1. The number of young people attending weekly provision.
2. The number and type of youth provision
3. The number of volunteers delivering:
- a. Youth work
- b. Supporting the delivery,
- c. Training delivered
4. The volume and subject matter of quality conversations held with young people to improve their life choices 5. The support of young people with protected characteristics.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
Youth work in the county is predominantly delivered by volunteers supported by SYA
Our long term objective is for youth work settings to increase and the quality of our interventions to remain high.
## **Financial review**
The accounts, although looking healthy have a loss in the unrestricted element. This has been caused by increased overheads.
During the year we have had significant change brought about by the successful Youth Investment fund bid for a new building, although this will be hugely beneficial in the long term, during the build phase it will cause uncertainty and disruption to our core delivery, there have been some unforeseen costs linked to this, some we have been able to recoup others not.
The sector remains volatile, SYA has 29 different funders, many of whom are local town and parish councils, they set their budgets annually and so this presents a challenge for long term planning, through it does mean that our risk is spread. Changes to national policies could also impact on us in the future, whether this is positive or negative will depend upon the political direction being set.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Our funding comes from the following organisations:
## **Plans for future periods**
## **Short-term plans**
We are taking remedial action to address the loss on our unrestricted operations this year, by increasing our full cost recovery charges and attracting new work.
During 2024/25 we will take receipt of our new HQ, this will give the charity a permanent home and a focal point to develop and strengthen our delivery. It creates stability and gives us a capital asset to utilise.
## **Long-term plans**
There are two emerging trends in the sector that give us concern. We will mitigate the impact of these in our operational delivery.
1. Young people’s poor Social Emotional Mental Health (SEMH)
2. The reduction in the number of volunteers in youth work
- 2 -
## **SYA**
## **TRUSTEES REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **Structure, governance and management**
The charity is a company limited by guarantee (1172685). The constitution sets out the appointment of new Trustees. This is by nomination and request. Two of the trustees are allocated by Local Councils. The day to day management of the charity is vested in by Mr Richard Parkes the charities Chief Officer.
The trustees who served during the year and up to the date of signature of the financial statements were: Donna Leeding David Bishop (Appointed 18 October 2023) Aleesha Skett Jon Wellman Rebecca Kwan Dr Alan Herbert (Resigned 24 September 2024) Robert Pinsent (Appointed 24 September 2024)
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The trustees report was approved by the Board of Trustees.
D Leeding R Pinsent
Donna Leeding **Trustee**
Robert Pinsent **Trustee**
16 January 2025
- 3 -
## **SYA**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
The trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- 4 -
## **SYA**
## **INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SYA**
## **Opinion**
We have audited the financial statements of SYA (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
## In our opinion, the financial statements:
- give a true and fair view of the state of the charity’s affairs as at 31 March 2024 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information 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 information and, in doing so, consider whether the other information is materially 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 or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
- 5 -
## **SYA**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SYA**
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the trustees report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the statement of trustees responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
## **Other matters**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
This has been done in order for the financial statements to provide a true and fair view in accordance with current Generally Accepted Accounting Practice.
- 6 -
## **SYA**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SYA**
## **Use of our report**
This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
## J Rimmer
**Mr Jonathan Rimmer BSc FCA (Senior Statutory Auditor)**
**for and on behalf of James Holyoak & Parker**
16 January 2025
**Chartered Accountants Statutory Auditor**
1 Knights Court Archers Way Battlefield Enterprise Park Shrewsbury Shropshire SY1 3GA
Rimmer is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
- 7 -
## **SYA**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and grants
**3**
130,392
832,274
Charitable activities
**4**
319,984
-
Other trading activities
**5**
25,607
-
Investments
**6**
10,356
-
**Total income**
486,339
832,274
**Expenditure on:**
Fundraising
**7**
26,313
-
Charitable activities
**8**
509,357
116,435
**Total expenditure**
535,670
116,435
**Net (expenditure)/income for**
**the year/**
**Net movement in funds**
(49,331)
715,839
Fund balances at 1 April 2023
286,464
50,516
**Fund balances at 31 March**
**2024**
237,133
766,355|**Total** **Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
962,666
95,594
155,376
319,984
302,079
-
25,607
29,014
-
10,356
2,509
-
1,318,613
429,196
155,376
26,313
17,555
-
625,792
389,041
175,924
652,105
406,596
175,924
666,508
22,600
(20,548)
336,980
263,864
71,064
1,003,488
286,464
50,516|**Total**
**2023**
**£**
250,970
302,079
29,014
2,509|
|---|---|---|
|||584,572|
|||17,555
564,965|
|||582,520|
|||2,052
334,928|
|||336,980|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 8 -
## **SYA**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**11**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**16**
Unrestricted funds|**2024**
**£**
**£**
777,763
86,314
490,170
576,484
(350,759)
225,725
1,003,488
766,355
237,133
1,003,488|**2023**
**£**
**£**
-
24,604
371,236
395,840
(58,860)
336,980
336,980
50,516
286,464
336,980|**2023**
**£**
**£**
-
24,604
371,236
395,840
(58,860)
336,980
336,980
50,516
286,464
336,980|
|---|---|---|---|
||||336,980|
||||50,516
286,464|
||||336,980|
The financial statements were approved by the Trustees on 16 January 2025
|D Leeding|R Pinsent|
|---|---|
|Donna Leeding|Robert Pinsent|
|**Trustee**|**Trustee**|
- 9 -
## **SYA**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**2024**
**Notes**
**£**
**£**
**Cash flows from operating activities**
Cash generated from operations
**19**
886,341
**Investing activities**
Purchase of tangible fixed assets
(777,763)
Investment income received
10,356
**Net cash (used in)/generated from**
**investing activities**
(767,407)
**Net cash used in financing activities**
-
**Net increase in cash and cash equivalents**
118,934
Cash and cash equivalents at beginning of year
371,236
**Cash and cash equivalents at end of year**
490,170|**2023**
**£**
-
2,509|**£**
23,018
2,509
-|
|---|---|---|
|||25,527
345,709|
|||371,236|
- 10 -
## **SYA**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
## **Charity information**
SYA is a charitable incorporated organisation (1172685). Its constitution sets out the appointment of new Trustees. This is by nomination and request. Two of the trustees are allocated by Local Councils. The day to day management of the charity is vested in by Mr Richard Parkes the charities Chief Officer.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 11 -
## **SYA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 12 -
## **SYA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and grants**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
7,956
-
Grants
122,436
832,274
130,392
832,274|**Total** Unrestricted
Restricted
funds
funds
**2024**
2023
2023
**£**
£
£
7,956
17,203
-
954,710
78,391
155,376
962,666
95,594
155,376|Total
2023
£
17,203
233,767|
|---|---|---|
|||250,970|
- 13 -
## **SYA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**3**
**Donations and grants**
**Grants receivable for**
**core activities**
Buildings Grant
Wrekin Housing
LGBT+
Youth Justice/Mental
Health Transformation
Others
Tomorrows Leaders|-
-
-
-
122,436
-
122,436|756,282
-
10,000
-
-
65,992
832,274|756,282
-
10,000
-
122,436
65,992
954,710|-
6,000
-
50,000
22,391
-
78,391|**(Continued)**
18,500
18,500
-
6,000
20,000
20,000
-
50,000
-
22,391
116,876
116,876
155,376
233,767|**(Continued)**
18,500
18,500
-
6,000
20,000
20,000
-
50,000
-
22,391
116,876
116,876
155,376
233,767|
|---|---|---|---|---|---|---|
|||||||233,767|
## **4 Charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**activities**|**activities**|
||**2024**|**2023**|
||**£**|**£**|
|Commissioned Clubs|81,754|65,000|
|Infrastructure support|39,333|44,000|
|Youth Partnership Agreements|195,565|191,292|
|Other income|3,332|1,787|
||319,984|302,079|
## **5 Other trading activities**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2024**|2023|
||**£**|£|
|DBS|1,285|1,489|
|Training|23,695|21,539|
|Equipment hire|627|5,986|
|Other trading activities|25,607|29,014|
- 14 -
## **SYA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **6 Investments**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2024**|2023|
||**£**|£|
|Interest receivable|10,356|2,509|
|**Raising funds**|||
||**Unrestricted**|Unrestricted|
||**funds**|funds|
||**2024**|2023|
||**£**|£|
|Fundraising|||
|Seeking donations, grants and legacies|26,313|17,555|
||26,313|17,555|
## **7 Raising funds**
- 15 -
## **SYA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **8 Charitable activities**
|**Charitable**
**Expenditure**
**Separate**
**Material**
**Items**
**2024**
**2024**
**£**
**£**
Staff costs
498,803
8,656
Travelling expenses
28,834
-
Equipment
12,438
-
Consumables
17,231
-
Activities
18,865
-
Legal expenses
-
-
Advertising and PR
540
-
Training
-
7,114
Office costs
-
4,623
Repairs and maintenance
-
1,619
Rent
-
7,840
Room hire
-
1,688
Insurance
-
1,598
Utilities
-
11,406
Other costs
(8,896)
-
Subscriptions
-
-
Other charitable expenditure
-
-
567,815
44,544
Governance costs
9,979
-
577,794
44,544|**Other**
**2024**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,140
314
3,454
-
3,454|**Total**
**2024**
**Charitable**
**Expenditure**
**Separate**
**Material**
**Items**
**2023**
**2023**
**£**
**£**
**£**
507,459
411,265
6,910
28,834
27,069
-
12,438
12,376
-
17,231
12,105
-
18,865
18,321
-
3,979
650
-
540
1,190
-
9,114
-
8,215
8,623
-
3,416
1,619
-
5,186
7,840
-
7,200
1,688
-
1,953
1,598
-
1,334
11,406
-
11,869
(8,896)
30,329
-
3,140
-
-
314
-
-
625,792
513,305
46,083
-
796
-
625,792
514,101
46,083|**Other**
**2023**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,119
662
4,781
-
4,781|**Total**
**2023**
**£**
418,175
27,069
12,376
12,105
18,321
650
1,190
8,215
3,416
5,186
7,200
1,953
1,334
11,869
30,329
4,119
662|
|---|---|---|---|---|
|||||564,169
796|
|||||564,965|
- 16 -
## **SYA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**8**
**Charitable activities**
**Analysis by fund**
Unrestricted funds
Restricted funds|474,357
103,437
577,794|32,814
11,730
44,544|2,186
1,268
3,454|509,357
116,435
625,792|357,673
156,428
514,101|28,100
17,983
46,083|**(Continued)**
3,268
389,041
1,513
175,924
4,781
564,965|**(Continued)**
3,268
389,041
1,513
175,924
4,781
564,965|
|---|---|---|---|---|---|---|---|---|
|||||||||564,965|
- 17 -
## **SYA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **10 Employees**
The average monthly number of employees during the year was:
|Fundraising
Governance
Charitale activities
Total
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**Number**
1
1
13
15
**2024**
**£**
467,861
30,942
8,656
507,459|**2023**
**Number**
1
1
12|
|---|---|---|
|||14|
|||**2023**
**£**
340,411
27,994
6,910|
|||375,315|
|The number of employees whose annual remuneration was more than £60,000
is as follows:
£60,000 - £70,000
**11**
**Tangible fixed assets**
**Cost**
Additions
At 31 March 2024
**Carrying amount**
At 31 March 2024|**2024**
**2023**
**Number**
**Number**
1
1
**Assets under construction**
**£**
777,763
777,763
777,763|**2023**
**Number**
1|
|---|---|---|
|||777,763|
|||777,763|
- 18 -
## **SYA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **12 Debtors**
|**Amounts falling due within one year:**
Trade debtors
**13**
**Creditors: amounts falling due within one year**
**Notes**
Other taxation and social security
Government grants
**14**
Trade creditors
Accruals and deferred income|**2024**
**£**
86,314
**2024**
**£**
22,254
77,725
244,780
6,000
350,759|**2023**
**£**
24,604|
|---|---|---|
|||**2023**
**£**
15,225
10,833
32,802
-|
|||58,860|
## **14 Government grants**
Deferred income is included in the financial statements as follows:
|Deferred income is included within:
Current liabilities
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources deferred in the year
Deferred income at 31 March 2024|**2024**
**£**
77,725
10,833
(10,833)
77,725
77,725|**2023**
**£**
10,833|
|---|---|---|
|||62,300
(51,467)
-|
|||10,833|
## **15 Retirement benefit schemes**
## **Defined contribution schemes**
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £8,656 (2023 - £6,910).
- 19 -
## **SYA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_
## **16 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
||||**Movement**|**in funds**|||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|---|---|---|
|||**Balance at**|**Incoming**|**Resources**||**Balance at**|**Incoming**|**Resources**||**Balance at**|
||**1 April 2022**||**resources**|**expended**||**1 April 2023**|**resources**|**expended**|**31 March 2024**||
|||**£**|**£**||**£**|**£**|**£**|**£**||**£**|
|LGBT+||4,094|20,000|(16,240)||7,854|10,000|(9,777)||8,077|
|Tomorrows|||||||||||
|Leaders||66,970|116,876|(141,102)||42,744|65,992|(125,185)||(16,449)|
|Building|||||||||||
|Grant||-|18,500|(18,582)||(82)|756,282|18,527||774,727|
|||71,064|155,376|(175,924)||50,516|832,274|(116,435)||766,355|
|•|**LGBT+**-|the LGBT + fund is financed in the|||main by Children in Need and provides LGBT services||||||
||through youth clubs in Telford and|||Shropshire.|||||||
|•|**Tomorrow's leader's**- the Tomorrow's Leaders|||||fund is financed through the National Lottery.|||||
|•|**Build Grant**- This is monies from the Youth||||Investment Fund (YIF), supplied by DCMS for our new||||||
||building.||||||||||
|**Analysis of net assets between funds**|||||||||||
|||**Unrestricted**||**Restricted**||**Total** Unrestricted||Restricted||Total|
||||**funds**|**funds**|||funds|funds|||
||||**2024**|**2024**||**2024**|2023|2023||2023|
||||**£**|**£**||**£**|£|£||£|
|Fund balances at||31|||||||||
|March 2024 are|||||||||||
|represented by:|||||||||||
|Tangible|assets||-|777,763||777,763|-|-||-|
|Current assets/(liabilities)|||237,133|(11,408)||225,725|286,464|50,516||336,980|
||||237,133|766,355||1,003,488|286,464|50,516||336,980|
## **17 Analysis of net assets between funds**
## **18 Related party transactions**
There were no related party transactions during the year (2023 - none).
- 20 -
## **SYA**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2024**_
|**19**
**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Movements in working capital:
(Increase)/decrease in debtors
Increase in creditors
Increase/(decrease) in deferred income
**Cash generated from operations**|**2024**
**£**
666,508
(10,356)
(61,710)
225,007
66,892
886,341|**2023**
**£**
2,052
(2,509)
59,584
15,358
(51,467)
23,018|
|---|---|---|
## **20 Analysis of changes in net funds** The charity had no debt during the year.
- 21 -