2023-07-31-accounts - Young Leaders Academy

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YIWNG LEAOEAS ACADEMY ITD F¢)RMERLYTHE WESfsioE YOUNG LEADERSACADEMV LTD 31JULY 2023 tsieiedowrity No. Ifnd and Wale51: 1181399 A Cornpany IlmSted byiuanteÈ. Re¢kte¥ed in Ensl ard W3lEs.' 1x618818 Registered Office: SBt House. Aestmor Way. WaMin4ton. Surrey¥ SM6 7A

VOUMG ifADfRSA¢apEMYITr> FOAMERLYIHE WE5T51PEY IEIO¢RS•tADEMYITD REFEREIKE&ADMIM5TIAII¥TIIIIORWIllON YE EIIOED311ULY1013 REfj1STEftEDcHARl1m8ER. 118U99 COMPANYIÉGISIKATIOW NVU¢ÉA" REGISTEREO OFFKE W•llMw•i. SwrEy 5M6 7AM London PIWIO 311N Catfo LondoDSE647Y TRV5TEES'. Dtmark R*haIdsl I •Aty2Q24} MANAGEMENTTEAM.. styj(e5

YOUNG LEADERSACAOEMY LTD FQRMERLYTHE IIE5T51DE YQUNfj LEADER5 PUDEMY LTO RÉPORTOF TrIE TAUSTEES YEAR ENDED JI JULY 2023 The trustees pre5enl their rew)rt tet with the finarKial statefnents of Young Leader5 Academy IYLAI for the year to 31 July 2023. Struciure Go¥ernaMe aNI Mana Governln Document YLA 15 a company Iirnited by guarantee 8Lwerned by rts memorandum and artKles of associali dateil 16 April 2018 a5 arnended by special resotutson regtered at Companies House on 21 Decetnber 2018. The company rpgi5tered •$ a Charity with the Charity Comm&ian in En8laTrd & Wales ICCEWI on 3 January 2019 under the charity numbe¥ 1181399. The 8oar(J of Trustees meet quarterly to review the actpiities and finanoal posii*)n of the charity. All governance de

YOUNG LEADER5 ACADEMY LTO FOMERiYTME WESTSIOÉ YOUP46 LÉAOÉftS ACADÉMYITD REPORTOF ThÉ TAUSTEES Icontinuedl YEAR ENDED 31 JULY2023 Athi•v•m8nts and p•rfonn Mn artlvitie5 tIMs Our key activitie5 thi5 year dude.. - We iniroduced • debatine pro£ramme to teach our 1¢ knders the art of debatw%. Chjr te•thers t0ht the young leaders how to be tritital thinker5. research and anakyse InforntK and d3ta. and presentat skills. ThÈ students als tty)k part in a debaringcompetiiion. - To prepare our students for exa we delNered z stuty5kl15 and exam tethniques pro8ramme The pro8rarnme focused on or8anisational 5ki11s. Study plans, note takin83nd time rnanagerrtht - We introduced and delNered a sailing resldeniial in ihe Isle of Wi8hi. Twenty Stents lsenior Kroupl kamt how to sail vachts. dinghys and (anoes. The sailing residentialtaught them r¥ skiHs and helped io boost their confidence. - Our junior students took part in an outward-bound wse there tlw learned how to rope climb. arthery. orienteering skills and abseilin8. Our tutors aThJ gvesi wesenters delhwed a history and ideniity wo8ramme in order io raise awareness of the contribut)ns people from African descent have made to humanity. - We delivered ¢onflkt management training io all of our y¢ leatkns. They underst•xl how they can so¢ and management conflitt and resolve issuewith friends. peers and famity. - We have Éstablished # partnèrship with StIY4ve 8oardiABsrlK)ol and two of our 5tthts have applied for bursarie> Ovr rnentoring day enabled the young leader5 to enga8e and interact with mentor5 and role mode15 from a variety of career5, who were ae to share career advKe etc wrth trn. achlevements for the . The numberof young people wh) attend our Saturday academie5 ha5 irKreased toove¥ one hundred and forty. - We have developd 8 nÈw partnership with 3 sthool. and win dEbvera IerShip pfoyammÈ to thÈir Shjdents next year. - ThTee of our stthts have received bur5ariesto attend privatelrding Schools.

YOUNG LEADERS ACAOÉMY LTD FORMERLYTHE WEST51DE YOUNG iEADERS ACADEMY LID REPORT OF TNE TRUSTEES (Continuedl YEAR E140ED 31 JULY 2023 Financial rewew For the lirtancial year ended 31 July 2023. YIA ach total hKome from charitab adN1tS ol £ln.309 12022 £149,103) of which £94,542 wa5 reslriaed funds 12022 £101.$481. Total expenditure on charitable activities was £148,20312022 - E115.9721. of whith E102531 related to restricted expenditure12022 - E87.9331. Overall thi5 lead to a net Increase In total funds of £24,10612022 - £33.1321, con51StW ol a deficit on restricted funds of £7,989 12022 surplu5 01 É13.61513nd a surplus on unrestt fvnds of E32.09512022. £19.5171. At 31 2023 the charity held total fund5 01 £89.12012022 - £65.0141. ofwhich E9.397 was reSted12022- £17.3861 Tth the rem&Mtr bein8 nsIn¢ted general funds. Future - Work with partners irt lewisham io estawish ¥ adershIp academyin the boTOUEh. - Restart our after schcM)I programme and tarKet the prow$1¢ at setohdèry sthotsls ifi Brent. . Odiv•r an in.sthool prograrnme and tsrget pnmary and sec¢ary schools In the Brent BortyJ8h and beyond. - Develop relaiionships and partnershlps wlth industry arNI businesses. Parttijartytlwjse ale ab io offer mentors, internships. work experience and apprenticeships. . Create an In-house mentorin8 wogramme whh wim ensure that all youry leeT5 ill rpcewe their own individual mentoring support. Rlsk mana ement The trustees continually carry out an anatysis of the risks fad ty the organisaiion. Major rLsks are formally considered by the Trustee5 during Board rneeting53nd preventative xt)n is undertaken whefe required. Reserves The tru5tee5 have examlned the tharitrfs requirernents in the IW olthe main risks to the organisation. It has established a pollcy whereby unrestrirted fund5 held by the charity 5houkJ 3 months operating cost& The present level of reserves is ade9ate to cover arttiopad operaimB ¢osts.

YOUPIG LEADERS ACADEMY LTD FORMERLY THE WESTSIDE YOUNG LÉADERSACADEMY LT PEPORTOF THE TRUSTEES Icohtinuedl YEAR ENDED 31 JiILY 2023 Trusie¢s' resptyullltles In r•laiion toiht finanual ststem The tru5tee5 are required by company law io prep¥e a financial stemeni lor each year whith elves a true and fair view of the linanoal acti¥ities of the charity company and its finarKral position for that period. In doing $0 the trustees are requlred to.. - Selett suiiable ac¢ountinRpolitiesand apptythem cOnstentty throu8h the year: - Make Sound judgements and estimates that are rea${ae and prudent- State whether the pollcles adopted are in accordance with the companies act 1985 and with applicable accounilng standards and statement of recommended practice. subiecl to material departure5 di5dosed and explained in the finarKial statements: - Prepare the hnoncial Statements on a concern basis Unle55 it is inappropriate to presume that the conwny WUI contlnue buslness. M¢mbÈfS oflhe ManpntDITe3rn Mernber5 of the managenT ieam. who afe dwwrs for the wrpose of wmpany law ènd trustees lor the purpose of ¢hafity law, who served during the year are sei out in the Reference & AdministratNÈ Informatitsn sÈctK)n. In atcordante with tompany laws. a5 the company's dtrectors wecertify that: - So far as we are aware. there ts no relevarrt inlormthn whith 15 DOtdi5dosed in these financial ststements.. and - As the dlre¢tors of the company we have taken all the step5 thai we OU8 io have iaken in order to make ourselves aw of any relevant Infomiation whith shouhj be disclosed in these financh?I statements. We are responsible for keepiTh8 proper accrwJntin8 records v&fvch disclose wtth 3$able ar¢ur•cy at any l¥ne the financial w)$itn of the charity and enable them to ensure thai the financial stsiemènts comply rith theujmpany artd for iaking reasonable steps for ihe preventw ol fraud and other irregularit. ppraval The charitable company is a puwic benefft Kroup for the purpose5 01 FRS 102 and thevefore the Charity prepared Its rinincial statements in accordance wilh the Statement of ReCOmrnded Practice applicable to tharitie5 preparin8 their accounts in accordance with the Financial Reporting Startdard appH¢ab in the UK and Republ* of Ireland lThe FRS 102 Charities SORPI, the Companies Act2(6 and Ihe charr($ 2011. vorder of the trustees.. Trustee Date

YOUNG LEADERS ACAOEMY LTD FORMERLY THE WESTSIDE YOUNG LÉADERS ACADEMY LTD STATEMENT OF FII4ANaALACmllTrS FOR THE YEAR ENDED 31JULY 2023 2022 Total Restrkw Unremwed Total Ae5tr4xed Unrestricted Nott In¢0 and expeMllre Inmme from: Charitable actiimtles Interest Income Total In¢ome 94542 77.629 137 77,767 171171 137 172.309 101548 47550 149,098 94,542 101548 47.556 149.103 EndItre M= Charitable acti¥Ttie5 Totsl tMpenditur 102,531 102,531 45.672 45.672 148.203 148,203 87.933 87,933 28.039 28.039 IIS.972 A15.972 Nèt kncome forthe y/ net nwment In funds 17.9891 32.095 24.106 13.615 19.517 33.132 R(on¢li•tion of funds TO1 funds brought forwafd at l August 17.386 47,628 65m4 3.771 2&111 31.882 Total funds ¢arrltd foThwrd •t 31 Ju 9.397 79.723 17.386 47.628 6514 All ol the alN)ve results are derived from Continu¥ attiVbtie& There were no r0£n1$ed gains or losses other than those stated abo¥e. Movements in funds 3re discbsed in Note 8 to the linancial State1$.

YOUNG LEADERS AcAMy LTD FORMERLYTHE WEST51DE YOUNG LEADERSACADEMY ITD STATEMENT OF FINANCIAL P051T AS AT 31 JULY Z023 2022 Current assets Cash at bank and In hand Other debtor5 111598 27.609 72.606 37.328 l(YJ.934 LFabMltles Creditors.. èmwntsfallw due within one year 50.087 44,920 Net turtent I55ets 65,014 Net assets g,IZO 65,014 Rewes•nttd by.. Funds and reserve5 Restricted funds Unrestiicted funds 9397 79.723 17.386 47.628 Total ¢h•rlty IWKIS 89.120 65.014 For the year ended 31 July 2023 the charilable company was entItd io exemptw)n from audtl under Section 477 of the Companies Act I'theAct'l ielatillK 10 5maN cornpan. The membefs have noi required ihe tompany to obtain an audrt in xcordon¢e with sertion 476 01 the The trustees xknowledge their re5ponsibilties for (tpIywith requirefftEntsof the Companies Acl 2006 with respecl to account¥ records and the preparation of financial statemenis. These ffinartial statements ha¥e been prepard *cordèn¢e with the provision5 applKable to companiE5 subject to the small comp3nbes rwme. Approved by the trustee5 01 Young Leaders Aodemy Ltd and signed on thar behalf by: or Trus Dale Approved

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees Charity Name Young Leaders Academy Ltd On accounts for the year 31 July 2023 Charity no 1181399 ended (if any) Set out on pages 1 to 14 (being the appended accounts)

I report to the trustees on my examination of the accounts of the above charity (“the Charity”) for the year ended 31 July 2023.

Responsibilities and As the Charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 31 May 2024

Signed: Name: David John Wallis Relevant professional ACA qualified member of the Institute of Chartered Accountants in England qualification(s) or body and Wales. (if any): Address: No. 8, 3 Chivalry Road, Wandsworth, London, SW11 1HT

Section B Disclosure

Give here brief details of None. any items that the examiner wishes to disclose .

YOUNG LEADERS ACADEMY LTD FORMERLYTHE WESTSIDE YOUNG LEADERS ACADEMY LTD PRINCIPAL ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2023 Basls of accountlng The fin8ncial statements have been prepared under the historical cost convention and in accordance with UK Generally Accepted Accountin8 Practice, the Companies Act 2006 and "The Financial Reportin8 Standard applitable in the UK and Republic of Ireland" l FRS 102 1 and 'Accounting and Reporting by Charities.. the Staternent of Recommended Practice for charities applying FRS102 1"SORP"l. The charity is a Public Benefit Entity as defined by FRS 102. The financial staternent5 are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below. Goin8 concern The financial statements h3ve been prepared on 3 going concern basis. When considering the appropriatenes5 of the going concern basis the tru5tee5 have given consideration to projected finanical performance and position for a period of twelve months from the date of signature of these financial statements. Cash flow statement The fin3ncial statements do not include a cash flow statement bec3use the charity, as 8 small reporting entity, is exernpt from the requirernent to prepare such a staternent under FRS 102. Intome Income is recognised in the period in which the charity is entitled to receipt the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor or funder ha5 specified that the income 15 to be expended in future accounting period. Income represents donations. grants, fees for services rendered and interest receivable. Grants subject to specific condition5 are credited to relevant restricted funds. Expenditure Expenditure is included in the statement of financial artivities when incurred and includes 3ttribut3ble VAT which cannot be recovered. Charitable expenditure comprises both direct and indirect overhead expenditure on the charity's primary charitable purposes. Fund accounting Unrestricted fund5 represent those monies which may be used toward5 meeting the charitable objectives of the charitable cotnpany at the discretion tsf the trustees. The restricted funds are rnonies raised for, and their use restricted to, a specific purpose, or grants subject to donor imposed conditions.

YOUNG LEADERS ACADEMY LTD FORMERLY THE WE5TSIDE YQUNfj LEADER5 ACADEMY LTD Notes to the financial statements FOR THE YEAR ENDED 31 JULY 2023 Income from charitable activltles Restricted nd5 Unrestricted Total 2023 funds 2023 LeadÈrship Programme 94.542 77.629 172,171 172 171 Restricted funds Unrestricted Total 2022 funds 2022 Leadership Programme 101.548 47,549 149,098 101.548 47,549 149 098 Expenditure on charitable activities Restricted fund5 Unrestricted Total 2023 fund5 2023 Direct project costs.. Leadership Progr3mrne Scholars Progr8mme Other wsts of Core charltable adlvltles.. Other project and overhead costs 95,345 29,347 124,692 7,186 16,325 23,511 102,531 45.672 148,203 Restricted funds Unrestri¢ted Total 2022 fund5 2022 Direct project costs: Leadership Programme Scholars Programme Other costs of core charltable actlvltles.. Other project and overhead costs 80,998 700 950 13,051 94,049 700 950 5,285 14,987 20,272 87.933 28,039 115,972 10

YOUNG LEADERS ACADEMY LTD FORMERLY THE WE5TSIDE YQUNfj LEADER5 ACADEMY LTD Notes to the financial statements FOR THE YEAR ENDED 31 JULY 2023 Staff costs and numbers Staff costs were as follows.. 2023 2022 Wages and salaries 2013 2022 No. No. Average number of staff employed Taxation The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. Debtors 2023 2022 fjrants receivable 27,609 37,328 27,609 37,328 Creditors.. amounts falling due within one year 2023 2022 Other creditors Accruals Deferred income 2,850 1,200 40,870 44,920 13,441 36,646 50,087

YOUNG LEADERS ACADEMY LTD FORMERLY THE WE5TSIDE YQUNfj LEADER5 ACADEMY LTD Notes to the financial statements FOR THE YEAR ENDED 31 JULY 2023 Analysis of net assets between funds Restricted funds Unrestricted funds Total fvnds Fund balances as at 31 July 2023 Nèt current assets 9,397 79,723 89,120 9,397 79,723 89,120 Restricted Unrestricted Total funds Fund balances as at 31 July 2022 Nèt current assets 17,386 47.628 65,014 17,386 47,628 65,014 Total Funds The income fund5 of the charity include restricted fund5 cotnprising the following unexpended balance5 of donations and 8rants held on trust for specific purpose5'. At l August Incomin8 2022 resources Outgoing At the 31 July re50Ufces 2023 Restricted funds: Lewisham City Council Leadership Programme 17,252 53,672 170,9241 Shaftsbury Fund Raise the bar 40,870 131,6071 9,263 City Bridge Trust- Covid Response 236 236 CVS Brent- Leadership Prograrnme 1,330 1,330 Young Brent Foundation- Scholars 11,4311 11,4311 Unrestricted funds: Grants & Donations 47,619 77,629 137 145,6721 79,576 145 Investment Income 65,014 172,308 1148,2031 89,119 12

YOUNG LEADERS ACADEMY LTD FORMERLY THE WE5TSIDE YQUNfj LEADER5 ACADEMY LTD Notes to the financial statements FOR THE YEAR ENDED 31 JULY 2023 At l August 2021 InctsminE resources Out8oinE resources At the 31 July 2022 Restricted funds: Lewisham City Council Leadership Programme City Bridge Trust- Covid Response CVS Brent- Leadership Programrne Young Brent Foundation- Scholars Shaftsbury Fund Raise the bar 89.621 172.3691 17,252 2,020 11,7841 236 2,500 11,1701 1,330 700 4,000 16,1311 11,4311 1,051 5.428 16.4791 unStrICted funds: Grants & Donations Investment Income 28,108 47,549 128,0391 47,619 31,882 149,103 1115,9721 65,014 Aim and use of $trIcted funds Shaftsbur Fund Raise the Bar This fund provides support for specific programmes held during the Saturday leadership academv. Lewisham Cit Counceil- Leadershi Pro On8oing funding for the Saturday leadership academy based in Lewisharn. ramme Cit Brid e Trust- Covid Res onsÈ Providing support to families throuBh Covid lockdown. CVS Brent- Leadershi Pro Work with Brent Council and other parties to consult on a development in the 8rent area. ramme Youn Brent Foundation Support to provide supplementary education to young people after school. Related Parties There are no related party transactions to report for the year end 31 July 2023 12022- Nill. 13

YOUNG LEADERS ACADEMY LTD FORMERLY THE WE5TSIDE YQUNfj LEADER5 ACADEMY LTD Notes to the financial statements FOR THE YEAR ENDED 31 JULY 2023 10. Subsequent events There were no post-balance sheet event5 which occurred between 31 July 2023 and the signature of these financial statement5 which could have affected the figures or disclosures therein. 14