Charity Registratlon No. 1172685 {England and Wales) SYA ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SYA LEGAL AND ADMINISTRATIVE INFORMATION Trustees Donna Leeding David Bishop Jon Wellman Rebecca Arblasler Neil Bentley Adrian Penney Charlotle Cain (Appointed 9 June 2025) (Appointed 14 July 2D25) (Appointed 8 September 2025) (Appointed 20 October 2025) Charity reglstratlon England and Wales 1172685 Prlnclpal address The New Lodge Upion Lane Shrewsbury Shropshire SY2 5RR Audltor James Holyoak & Parker Limited 1 Knights Court Archers Way Battlefield Enterprise Park Shrewsbury SYI 3GA
SYA CONTENTS Page Trustees report Independent auditor's report Slatement of financial activities Balance sheet statement of cash flows 10 Notes to the financial statements
SYA TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trLFBtees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the charities SORP (FRS102) Accounting and Reporting by Charities.. Stalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) {effeclive 1 January 2019). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and Charities Act 2011. Objectlves and actlvltles for the publlc benefit The objectives of the charity (as stated in its 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 Ihat they grow to full maturity as individuals and members of society" The trustees consider that the public benefit is the provision of a resource available lo all yourNJ people living in or around Shropshire. The trustees therefore consider Ihey have complied with Section 17(5) of the Charities Act 2011. Achlevements and performance Main Activities Undertaken During the Year.. Support of universal youth provision 67 Community youth clubs 4 Glrl Guides (including the county team) 4 Scout Groups (Including the county team) 19 Young Farmers clubs (Through the county team) 5 Sports Clubs with youth sections 6 Time2talk Social Emotional Health projects in Sch¢)ols 22 other organisalions that deliver youth activities 2 Crucial crew events delivering alcohol. vaping and safeguarding workshops lo 1600 School year 6,$ Impact made Supporting 6800 young people every week through the provision of youth clubs and projects {Thls figure include5 3448 Scouls) Creating inclusive access Ihat supports over 400 young people wlh disabilities Delivered or supported the delivery of 396 sessions of youth work each week {term time only). 30,888 hours of youth work directly delivered over the year Empowered 143 young people under 18 to engage in volunteering, helping them to gain the confithnce, skills and experience to support their communities Nurturing volunteers of all ages, with 5070 volunteers supporting the sector The volunteering contribution made to the 5eclor is valued at £7.8million annually, illustrating the immense social and economic impact of community led youth work Flnanclal revlew The accounts look healthy with a surplus on unrestricted funds of £78,996 and a surplus on restricted funds of £835,713. 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 il 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 nol. The sector remains volatile. SYA has 29 different funders, many of whom are local town and parish councils, who set their budgets 8nnually. This presents a challenge for long term planning, through it does mean Ihat our iisk is spread. Changes to national policies could also impact on us in the fulure. whether this is positive or negative will depend upon the political direction being set.
SYA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reserves policy It is the policy of Ihe charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalenl 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. At the balance sheet date the charity held £316,129 (2024.. £237.133) of unrestricted funds, and total funds of £1,918,197 (2Q24.' £1,003,488). Restricted funds held at the year end have been carried forward for the future support of specific projects. Plans for future perlods Strategic Goals for 25126.. To continue the growth in services to young people, with a target lo generate 6 pieces of new work. To build robust relationships with organisalions within Shropshire, Telford & Wrekin and secure core funding to support youth club programs. To launch a marketing strand for the charity and implement a marketsnglcommunications plan with key stakeholders To establish SYA as the 'Voice of Young People, demonstrating the charities credentials, creativity and expertise To appoint a 'Community Fundraiser to diversify our funding streams and support local initiatives Planned Activities and Developments.. Delivery of Youth Clubs utilising our 3 approaches Supporting purely voluntary clubs and organisations Partnering with local organisations to deliver youth clubs together Fully funded youth clubs where all the staff are paid. these include targeted universal clubs for LGBT+ SEND young people and young parents. Delivery of Youth Projects Time2talk Social Emotional Health {SEMH) projects in schools Youth Voice work Upskilling the seclor through our training offer Offering a range of training courses including Level 2 & 3 Youth Worker, Safeguarding, First Aid, Food Hygiene, trauma informed practice, Mental Health FirstAid and Anti-discriminatory practice Structurej governance and management The charity {SYA} is a charitable incorporated organisation (CIO - 1172685). The constitution sets out the appointment of new Trustees. This is by nomination and request. Two of the tru3tees are allocated by Local Councils. The day to day management of the charity is vested in by Mr Richard Parkes the charities Chief Executlve Officer. The remuneration for key management is decided by the trustees. based on market comparison IJNC Pay scales) and what SYA can afford.
SYA TRUSTEES REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The trustees who served during the year and up to the date of signature of the financial statements were.. Donna Leeding David Bishop Aleesha Skelt Jon Wellman Rebecca Kwan DrAlan Herbert Robert Pinsent (Resigned 24April 2025> (Resigned 16 January 2025) {Resigned 24 September 2024) (Appointed 24 September 2024 and resigned 7 November 2025) (Appointed 9 June 2025) (Appointed 14 July 2025) (Appointed 8 September 2025) {Appointed 20 October 2025) Rebecca Arblaster Neil Bentley Adrian Penney Charlotte Cain None of the trustees has any beneficial inlerest in the Company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. Rlsk management The Iruslees have assessed the major risks lo which the charity is exposed, and are satisfied that systems are in place lo mitigate exposure lo the major risks. The trustees meel every six weeks and consider and review the risks facing the charity and ensure the nec8ssary risk mitigalion procedures are activated should a risk be considered lo be escalating. Relationship wlth youth groups We deal with small community youth groups on a daily basis. Before they become affiliated to us to ensure they operate safely and in the public interest we undertake a due diligence process. The process includes checking the groups constitution, safeguarding policies, first aid and food hygiene certificates, where applicable, together with their insurance cover and undertaking enhanced DBS checks on their staff and volunteers.
SYA TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Statement of trustees responsibilitles The truslees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice). The law appllcable 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 slate 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 trusle8s are required to: select suitsble 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., slate whelher applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements- and prepare the financial slalements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping sufficient accounting records Ihat disclose with reasonable accuracy at any lime 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. Disc105ure of informatlon to audltor Each of the trustees has confirmed that there is no information of which they are aware which is relevant lo the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that Ihe auditor is aware of such information. The trustees report was approved by the Board of Trustees. David Bishop Trustee Neil Bent Trustee ey 12 November 2025
SYA INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF SYA Oplnion We have audited the financial statements of SYA (Ihe 'charily') for the year ended 31 March 2025 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 Tha Financial Reporting Standard applicable in the UK and R8public ol Ireland (United Kingdom Generally Accepled Accounting Practice). In our opinion, the financial stalements: give a true and fair view of the state of Ihe charity's affairs as at 31 March 2025 and of its incoming resources and application of resources, for the year then ended-, have been properly prepared in accordan with United Kingdom Generally Accepted Accounling Practi. and have been prepared in accordance with the Charities Act 2011. Basls for oplnlon We conducted our audit in ac¢ordan¢e with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditoffs r8sponsibilities for (he audit ol the financial sl8lements 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. Concluslons relatlng to goSng concern In auditing the financial statements, we have concluded that the trustees use of the going concern basis ol accounting in the preparation of the financial stalements 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 conlinue as a going concern for a pertod of at least twelve months from when the financial statements are aulhorised 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 auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on Ihe financial statements does not cover the other Infomiation and we do nol express any form of assurance conclusion Ihereon. Our responsibility is lo read the other informalion and, in doing so. consider whether the other information is materially inconsistent with the financial statemenls 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 matertal 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. Matters on whlch we are requlred to report by exceptlon We have nothing to report in respect of the following matters in Telation to which the Charities (Accounts and Reports) Regulalions 2008 requires us lo 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.
SYA INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SYA Responslbllltles of trustees As explained more fully in the statement of trustees responsibilities, the trustees are responsible for the preparalion of the financial statements and for being satisfsed 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 golng 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 Acl 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 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 {UK) will always detect a material misstatement when it exist5. 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. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to delect material misstatements in respect of irregularities, including fraud, The 8Xtent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. The audit team obtained an understanding of the legal and regulatory frameworks that are applicable to the organisation such as, the charities SORP IFRS1021 Charities Act 2011, the relevant employment law, Health & safely Regulations and the EU General Data Protection Regulation (GDPR). We understood how the company is complying with these frameworks by making enquiries of management and those responsible for legal and compliance procedures. We evaluated managements incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principle risks were related to management blas in accounting estimates and judgmental areas of the financial slatements such as revenue recognition. We addressed this by procedures including. but not limited to, analytics. journal testing, and assessment and recalculation ofjudgements and estimates. We identified and assessed the risk of material misstatemenl of the financial slalements, whether due to fraud or error. and designed and performed audit procedures responsive to those risks, obtaining sufficient and appropriate evidence on which to provide our basi5 for opinion. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregu larities, including those leading to a material misstatement in the financial statements or norFcompliance 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 notFcompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at.. htlps'.11 www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
SYA INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF SYA Use of our report This report is made solely to the charity's truslees, as a body, in accordance with Part 4 of the Charilies (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 auditor's 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 charily and the Charity's Irustees as a body, for our audit work, for this report. or for the opinions we have formed. Mr Jonathan Rimmer Bsc FCA (Senlor Statutory Auditor) for and on behalf ol James Holyoak & Parker Limited Chartered Accountants statutory Audltor 1 Knights CoLtrt Archers Way Battlefield Enterprise Park Shrewsbury SY1 3GA James Holyoak & Parker is eligible for appointment as auditor of the charily by virtue of its ellgibility for appoinlmenl as auditor of a company under section 1212 of the Companies Act 2006.
SYA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restricted funds funds 2025 2025 Total Unrestrlcted Restricted funds funds 2024 2024 Total 2025 2024 Notes li Donations and grants Charitable activities Other tra(ling activities Investments 409,942 385,221 15,754 8.818 915.765 1,325.707 385,221 15,754 8.818 130,392 319,984 25,607 10,356 832,274 962,666 319,984 25,607 10,356 Total Income 819,735 915,765 1,735,500 486.339 832,274 1,318,613 Fundraising 39,516 39,516 26.313 26,313 Charitable activities 701,223 80,052 781,275 509.357 116,435 625,792 Total expendlture 740.739 80,052 820,791 535.670 116,435 652,105 Net Income for the yearl Net movement In funds 78,9 835,713 914,709 {49,331) 715,839 666,508 Fund balances at 1 April 2024 237,133 766,355 1,003,488 288,464 50,516 336,980 Fund balances at 31 Mar¢h 2025 316,129 1,602,068 1,918,197 237,133 766,355 1,003,488 The statement of financial activities includes all gains and losses recognised in the year. The staternent of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
SYA BALANCE SHEET ASAT 31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 13 1.577,710 777,763 Current assets Debtors Cash at bank and in hand 14 39.973 381,526 86,314 490,170 421.499 576,484 Credltors". amounts falllng due within ono year 16 (81.012) {350,759) Net current assets 340,487 225,725 Total assets less current liabllltles 1,918.197 1,003,488 The funds of the charity Restricted income funds Unrestricted funds 18 19 1,602,068 316,129 766,355 237,133 1,918,197 1,003,488 The financial statements were approved by the trustees on 12 November 2025 David Bishop Trustee Neil Bentley Trustee
SYA STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng activities Cash generated from operations 22 706,511 886,341 Investing actlvltles Purchase of tangible fixed assets Investment income received (823,973) 8.818 (777,7631 10,356 Net cash used in investing actlvltles (815.155) (767,407) Net Gash generated from financlng activlties Net {decrease)lincrease in cash and cash equlvalents (108,644) 118,934 Cash and cash equivalents at beginning of year 490,170 371,236 Cash and cash equlvalents at end of year 381,526 490,170 10-
SYA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policles Charlty Information SYA is a charitable incorporated organisation {1172685). Its constitution séls out the appointment of new Trustees. This is by nomination and request. Two of the trustees positions are allocated by Local Councils. The day to day management of the charity is vesled in by Mr Richard Parkes the charities Chief Execthive Officer. 1.1 Basls of preparation The financial statements have been prepared in accordanc8 With the charity's goveming document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Ihe 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)" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the charlty. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Golng concern At the time of approving the financial statements, the truslees have a reasonable expectation thal the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the Irustees continue to adopt Ihe going concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restrlcted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes lo the financial staternents. Endowment funds are subject to specific conditions by donors that the capital must be maintain8d 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 arnounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipl. Other donations ar8 recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amounl. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of the donation. Legacies are recogni5ed on reIpl or otherwise if the Charity has been notified of an impending distribulion, 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 2025 Accounting pollcies {Continuedl 1.5 Expendlture Expenditure is recognised once there is a legal or conslNctive 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 dir1 costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support Costs which are not attributable to a single activity are apportioned beeen 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 Tanglble 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 resldual values over their useful lives on the following bases. Leasehold land and buildings Over 50 years The gain or loss aThsing on the disposal of an asset is determined as the differenc8 between the sale proceeds and the carrying value of the asset. and is recognised in the Slatement of Financial Activities. 1.7 Impalrmenl of flxed assets Al each reporting end date, the charity reviews the carrying amounts of its tangible assets lo determine whether there is any indication thal those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of Ihe asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 Cash and cash equ5valents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquld investments with original malurities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instrufnents are recognised in the ¢harilYs balance sheet when the charity becomes party to the contractual provision5 of the instrument. Financial assets and liabililies 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 flnancial assets Basic financial assets. which include debtors and cash and bank balances, are initlally measured at transaction price including transaction costs and are subsequently carried at amortised cost using the @ffective interest method unless the arrangement constitutes a financing Iransaction, 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 2025 Accountlng pollcies (Continued) B47SiC financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transa¢tion price unless Ihe arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted al 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 melhod. Trade creditors are obligations lo pay for goods or services thal have been acquired in the ordinary course of operatior15 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 financlal liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received, Terminallon benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of en employee or to provide termination benefits. 1.11 Retlrement benefSts Payments to defined contribution retiremenl benefit schemes are charged as an expense as they fall due. Crltical accounllng estlmates and Judgemenls 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 lo 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 currenl and future periods. 13-
SYA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donations and grants Unrestrlcted Restrlcted funds funds Total Unrestricted Restricted funds funds Total 2026 2025 2025 2024 2024 2024 Donations and gifts Grants 61,326 348,616 61,326 915,765 1,264.381 7,956 122,436 7,956 954,710 832.274 409,942 915,765 1,325.707 130,392 832,274 962,666 Grants recelvable for core activlties Buildings Grant LGBT+ Others Tomorrows Leaders 849,773 849,773 756,282 10.000 756,282 10,000 122,436 65,992 348.616 348.616 65,992 122,436 65,992 65,992 348,616 915,765 1,264,381 122,436 832,274 954,710 Income from charltable activltles Unrestrlcted funds 2025 Unrestricted funds 2024 Income from charltable actlvltles Commissioned clubs Infrastructure support Youth partnership agreement Other income 109,208 40,000 88.453 147,560 81,754 39,333 195,565 3,332 385.221 319,984 14-
SYA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from othertrading activlties Unrestricted Unrestricted funds funds 2025 2024 DBS Training Equipmenl hire 1,349 12,355 2,050 1.285 23,695 627 Other trading activities 15,754 25,607 Income from Investments Unrestrlcted Unrestrlcted funds funds 2025 2024 Interest receivable 8.818 10,356 Expendlture on ralslng funds Unrestrlcted Unrestrlcted funds funds 2025 2024 Fundraising and publiclty Seeking donalions, grants and legacies 39,516 26,313 15-
SYA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charllable activities Unrestrl¢ted Restricted 2025 2025 Total Unrestrlcted Restrlcted 2025 2024 2024 Total 2024 Direct costs Staff costs Pension costs Travelling expenses Equipmenl Consumables Acllvities Other expenses PRIAdvertising 468,570 9.018 25.303 38,592 20,910 61,056 18,454 6,705 45.652 514,222 9,018 28.878 38,661 22,214 62,315 18,454 6.705 387,407 8,656 22,182 12,033 15,030 17,618 9,783 324 111,397 498,804 8,656 28,683 12,438 17,231 18,865 (8,746) 540 3.575 69 1,304 1,259 6,501 405 2,201 1,247 {18,5291 216 Support costs Training Office costs Repairs and maintenance Rent Room hlre Insurance Utilities Depreciation 4.641 15,336 2,705 79 7.346 15,415 4,414 7,359 2,700 3,561 7,114 10,920 2,005 6,126 2,065 3,822 7.928 2,005 6,126 2,945 3,822 7.928 24.026 441 4,240 998 1,598 5,109 1.178 3,600 690 1,619 7,840 1,688 1.598 5,109 880 24.026 Other support costs Subscriptions Bank charges DBS 3,134 60 464 503 3,837 60 464 1,872 60 254 1,268 3,140 60 254 Governance costs Independenl examiner's fee Bookkeeping and PAYE services 3.979 3,979 7,034 7,034 6.000 6,000 701,223 80,052 781,275 509,357 116,435 625,792 Net movement In funds 2025 2024 The net movement in funds is stated after chargingl(crediting)'. Fees payable lo the charity's 8uditor= for the audit of the charity's financial statements for other financial services Depreciation of owned tangible fixed assets 2.835 2,000 24,026 4,000 2,000 18-
SYA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Trustees None of the Iruslees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 11 Employees The average monthly number of employees during the year was= 2025 Number 2024 Number Fundraising Governance Charitable activities 12 13 Total 14 15 Ernployment costs 2025 2024 Wages and salaries Social security costs Other pension costs 481,317 32,904 9.018 467,861 30,942 8,858 523,239 507,459 The number of employees whose annual remuneration was more than £60,000 is as follows.. 2025 Nutnber 2024 Number £60,000- £70,000 Remuneratlon of key management personnel The remuneration of key management personnel was as follows: 2025 2024 Aggregate compensation 163.424 158,736 12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 17-
SYA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tangible fixed assets Leasehold Assets under land and construction buildlngs Totsl Cost At 1 April 2024 Additions Transfers 777.763 823,973 1.801,736 (1,601,736) 777,763 823,973 At 31 March 2025 1.601,736 1,601,736 Depreciatlon and Impalrment Depreciation charged in Ihe year 24,026 24,026 Al 31 March 2025 24,026 24,026 Carrylng amount At 31 March 2025 1,577,710 1,577,710 At 31 March 2024 777,763 777,763 14 Debtors 2025 2024 Amounts falllng due withln one year: Trade debtors 39,973 86,314 15 Credltors: amounts falllng due wlthln one year 2025 2024 Notes Other taxation and social security Government grants Trade creditors Accruals and deferred income 29,776 35,187 9,077 6,972 22,254 77.725 244,780 6.000 16 81,012 350,759 16 Government grants Deferred income is included in the financial statements as follows.. 2025 2024 Deferred income is included within: Current liabilities 35,187 77,725 Movements in the year: 18-
SYA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Government grants (Contlnued) Deferred income at 1 April 2024 Released from previous periods Resources deferred in the year 77.725 (77,725) 35,187 10.833 (10.8331 77,725 Deferred income at 31 March 2025 35,187 77,725 17 Retirement beneflt schemes 2025 2024 Defined contrlbutlon schemes Charge to profit or loss in respect of defined contribution schemes 9,018 8,656 The charity operates a defined contribution pension scheme for 811 qualifying employees. The assets of the scheme are h81d separately from those of the charity in an independently administered fund. 18 Restrlcted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as lo how they may be used. At 1 April 2024 Incomlng resources Resources At 31 March expended 2025 LGBT+ Tomorrows Leaders Building Grant 8,077 (16,449) 774.727 (6,536> (49,5431 (23,973) 1,541 65,992 849,773 1,600,527 766,355 915,765 (80,052) 1,602,068 Prevlous year: At 1 Aprll 2023 Incomlng resources Resources At 31 March 8xpended 2024 LGBT+ Tomorrows Leaders Building Grant 7.854 42.744 (82) 10,000 65,992 756.282 (9,777) 1125,185) 18,527 8,077 {16,449) 774,727 50,516 832,274 {116,435) 766,355 19-
SYA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Restricted funds (Contlnued) 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 leaderfs - th8 Tomorrow's Leaders fund is financed through Ihe National Lottery. Bulldlng Grant - This is monies from the Youth Investment Fund (YIF), supplied by the Department for Culture,Media and Sport (DCMS) for our new building. 19 U nrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 Aprll 2024 Incomlng resources Resources At 31 March expended 2025 General funds 237,133 819.735 {740,739) 316,129 Prevlous year,. At 1 Aprll 2023 Incomlng resources Resources At 31 March expended 2024 General funds 286,484 486,339 1535,8701 237,133 20 Analysls of net assets between funds Unrestrlcted Restrlcted funds funds 2026 2026 Total Unrestricted Restricled funds funds 2024 2024 Total 2025 2024 Fund balances at 31 March 2025 are represented by: Tangible assets Current assetsl(liabilities) 1,577.710 24.358 1,577.710 340.487 11,408 225,725 766,355 777,763 225,725 316,129 316.129 1,602.068 1.918.197 237,133 766,355 1,003,488 21 Relaled party transactlons There were no related party transactions during the year (2024 - none). -20-
SYA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Cash generated from operatlons 2025 2024 Surplus for the year 914,709 666.508 Adjustments for,. Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets (8,818> 24,026 {10,3561 Movements In worklng capital: Decreasel(increase) in debtors (Decrease)lincrease in creditors IDecrease)Jincrease in deferred income 46,341 <227,209) (42,538) {61,710) 225,007 66,892 Cash generated from operations 706,511 886,341 23 Analysls of Changes in net funds The charity had no material debt during the year. 21