2020-12-31-accounts - Life Project For Youth, England

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CHARITY COMMISSION Qg FOR ENGLAND AND WALES	CHARITY COMMISSION Qg FOR ENGLAND AND WALES	CHARITY COMMISSION Qg FOR ENGLAND AND WALES	CHARITY COMMISSION Qg FOR ENGLAND AND WALES	CHARITY COMMISSION Qg FOR ENGLAND AND WALES		Life Pro Recei		ect For Youth, En land ts and payments	ect For Youth, En land ts and payments	ect For Youth, En land ts and payments	ect For Youth, En land ts and payments	Ne 11T/577 accounts	Ne 11T/577 accounts	Ne 11T/577 accounts	Ne 11T/577 accounts	CC&6a
					For the period
					from			01/01/2020			To			31/12/2020
~
~
					Unrestricted funds			Restricted funds		Endowment funds				Total funds		Last year
					to the	nearest		to the nearest 3		to the	nearest		E	to the	nearest E	to the nearest E
A1 Receipts
Volonte r/ Income						46,589									40 589	16,856
Income Generahon																10,282
Investmenl Income
Chanfahle Income								90,481							90,481	107,461
Advance Recetpls
Sub total(Grcssincome				for		40,589		98,481							131,070	134599
				ARJ
se an	mvea men sa			es
(see table).
			Sub total
		Total receipts				40 589		90	401					-	131,670	134599
A3 Pe manta
Cast ofGenerating	funds					29,967									29,967	20 209
Grant making								15,820							15,820	101,420
Support Costs ( overnance,			admm)			7365									7 365	6 661
			Sub total			37332		ts 830							63162	138296
A4 Asset snd	investment
			Sub total
		Total	payments			37332		15020						.	53152	12829
Net ofreceiptsl(payments)						3 257		74 661							77918	6 303
A5 Transfers	between		funds
A6 Cash funds		last year end				38627			2 028						40 055	34 352
Cash funds this year				end		41 004		76689							118573	40 655
							~	~				~	~	~	~ ~
										Unrestricted				Restricted		Endowment
											funds				funds	funds
										to	nearest		8	to	nearest E	to nearest E
Bt Cash funds					HSBC							41,884			48,734

				Para	1.38
Policy on	grant making
				Para	1 38
Policy on	social investment
including	program		related
investment
				Para	1.38
Contribution		made	by
volunteers
Other

			SORP reference
				During the period, LP4Y, England undertook
				the following activities:
				~ LP4Y Concert &Cocktail 2020 on the
Summary ofthe main achievements ofthe charity,			Para 1.20	29th of January 2020 to raise funds in support of I P4Y Centers in the
identifying charity's	the difference the work has made to			Philippines and in Myanmar e Selected as beneficiary of EBRD
the circumstances		of its		Community initiative and organise a
beneficiaries and any wider benefits to society as a				small conference on youth inclusion within the EBRD
whole,				~ LP4Y England bi-annual information
				evening virtually on May 12th 2020
				and Nov 19th 2020 to update
				partners, donors and volunteers
				about the LP4Y, England activities
				and the projects supported
				These activities contributed to raising
				awareness and fundraising a total of 6131,070, significantly above the f100,000 target for the period, of which f71,556are
				restricted with 667,900to be awarded to
				projects in the Philippines and Myanmar and
				E3,656to the Life Project Center in Lebanon.
				During the period, the trustees have chosen
				to support, through grant making, the
				following projects:

Financial Review	Financial Review	Financial Review	Financial Review	Financial Review	Financial Review
Review ofthe charity's								Para	1.21
financial position			at	the end
of the eriod
Statement	explaining					the		Para	1 22	It	is LP4Y, England		policy			to	maintain				a
policy for holding			reserves							balance of unrestricted				funds				(if	passible), of
stating why	they are				held					at least E10,000 to cover					future				workino
										ca ital re uirements.
Amount of	reserves				held			Para	1 22
Reasons for		holding			zero			Para	1.22
resenres
Details of fund materially							in	Para	1 24
deficit
Explanation		of any						Pare	123
uncertainties		about			the
charity continuing			as			a going
concern
Additional		information					(optional)
You ma choose			to		include further				statements	where		relevant about
										LP4Y		principle sources		offunds						this	year
										were the following
The charity's principal sources offunds (including								Para	1.47		~	Voluntary	donation			from			private
any fundraising)												donors
											~	Corporate	donation				through
												chantable	gwing		program
											~	Proceed ofticket				sale		for the annual
												event
											~	Proceed from silent					auction				during
												the annual	event		—most					ofthe
												auction items are				in-kind				donation
												from corporate,		artists				or		private
												individuals
											a	Live fundraising		event				during			our
												annual event for			projects					in	Myanmar
												& the Philippines
											~	Volunteer	fundraising					events
												organised	by BERD employees
												including	Match-giving					from
												corporate
											~	Charity shopping				fundraising					site
Investment objectives	policy and including any							Para 1.46
social investment				policy
adopted
A description of			the			principal		Para 1.46
risks facing		the	charity
Other

Description	Description	Description	of charity's
trusts:
Type of	governing document				Para	1.25	Constitution
How is the charity					ffara	1.25	Charitable Incorporated Organisation
constituted?							(foundation structure)
Trustee	selection methods				Para	1 25	Appointed by the Board of trustees
including	details of any
constitutional			provisions	e.g.
election	to post or name			of
any person			or body entitled
to appoint		one or more
trustees
Additional			information	(optional)
You may		choose to include further				statements	where relevant about.
Policies	and		procedures
adopted	for		the induction	and	Para	1 51
training	oftrustees
							LP4Y, England is a member ofthe LP4Y
							Alliance, a federation of23 organisations		in
The charity's organisational structure and any wider					Para	1.51	13countries. The Alliance has three missions:
network	with which the						W To advocate on behalf of excluded	Youth
charity works							in these 13countries;
							0 To accompany the Youth towards	social
							and professional integration through
							entrepreneurship;
							v To encourage initiatives that will enhance
							Youth inclusion and facilitate knowledge
							sharing between the different members.
							The Alliance is the guiding arm and direct
							support to all established and new LP4Y
							organisations.
							LP4Y organisations support and advocate
							the decent inclusion ofthousands of	Young
							people and their families in 57 programs		in
							South East Asia, South Asia, Middle	East,
							Europe and America.
							These Programs have been centered	around
							an innovative pedagogy based on
							entrepreneurship with three main models:
							The life project centres, the training
							development centres and the Green	villages.
							~ LIFE PROJECT CENTERS &
							TRAINING DEVELOPMENT
							CENTERS are located close	to or in
							urban areas of extreme poverty
							called slum area offering 12 months

								residential training program to
								empower excluded Young adults
								(Young mothers, migrants, orphans,
								differently abled, school drop-outs,
								etc.) with necessary life and soft
								skills to make them autonomous,
								independent and self-confident to join
								a decent job market. Through
								Professional Training tor
								Entrepreneurs, a unique learning
								method based on entrepreneurship
								and positive approach, the Youth
								learn how to manage a small
								business, work in a team, take
								initiative, assume responsibilities,
								solve problems, manage a team,
								manage a project and meet
								deadlines. They improve their
								English, communication and IT skills.
								They are accompanied by the
								coaches (volunteers) in their career
								path and when they finish the
								program, they are able to find and
								keep a decent job They receive a
								weekly allowance, Life Project
								Money, that enables them to follow
								the training on a daily basis while
								sustaining their basic needs and
								saving for the first steps of their
								professional life. At the same time,
								LP4Y develops an integration
								ecosystem composed of companies,
								NGOs, local administrations, and
								universities. These all favour Youth
								inclusion via professional exposure of
								the Youth and adaptation of HR
								policies enabling employment of
								Youth with low educational
								background.
							e	GREEN VILLAGE offers educational
								residential programs similar to Life
								Project Centre for youths that have
								been relocated from the slum to new
								rural areas away from all
								infrastructures. It is a fast track 3
								months program with a focus on
								practical professional training
								promoting natural technology and
								lifestyle and aiming at initiating a new
								economy in these areas to be
								developed by local communities
Relationship	with	any	related,	Para	1	51
parties
Other

Names ofthe cha	rity	tru	stees	who man	age		the	charit	y
												Name of
												person (or
Trustee	name			Office (If	any)				Dates acted whole year	if not	for	body) entitled to appoint
												trustee (If
												an
Alexis	Vaganay			Chairman
Maude	Wehry
Sarah	Favre			Compliance			Officer
Edouard		Doutriaux		Treasurer					Appointed	on 21April
									2020
Angelique		Belli							Appointed	on 21April
									2020
10
12
13
14
18
19
20
Cor orate trustees	—names ofthe directors					at	the	date	the re ort was a		roved
Director name
Name oftrustees	holding		title to property		belonging			to the charity
Trustee name				Dates acted if		not for		whole	ear