YOUNG LL4DERS ACADEMY LTD FORMERLY THE WESTSIDE YOUNG LEADERS ACADEMY LTD REPORT AND ACCOUNTS 31 JULY 2024 R*8lstered Charlty No. (England and Wales): 1181399 A Company limitèd by guarantee. Reglstered in England and Wales.. 08618888 Re&lstered Office: S8C House, Rèstmor Way. Wallin8ton, Surreyl SM6 7AH YOUNG LEADERS ACADEMY LTD FORMERLY THE WESTSIDE YOUNG LEADERS ACADEMY LTD REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 31 JULY 2024 REGISTERED CHARITY NUMBER: 1181399 COMPANY REGISTRATION NUMBER.. 08618888 REGISTERED OFFICE SBC House, Restmor Way Walllngton, Suirev SM6 7AH SATURDAY ACADEMIES Newman Catholic College Harlesden London NWIO 3RN St Dunstan's College Catford London SE6 4TY TRUSTEES.. Sharon Blagrove- Chair Michael Amanning Leanard Philllp Dr Mark Rlchards (resigned l May 20241 Sharon Thoma5 MANAGEMEMfTEAM'. Andrew Muhammad David Okoro Mark Muhammad Kirsty Jone5 YOUNG LEADERS ACADEMY LTD FORMERLYTHE WESTSIDE YOUNG LEADERS ACADEMY LTD REPORT OF THE TRUSTEES YEAR ENDED31JULY 2024 The trustee5 present their report together with the financial Statements of Young Leaders Academy IYLAI for the year to 31 July 2024. Structure Governance and Mana ement Governin Document YLA is a company limlted by guarantee governed by its memorandurn and articles of association dated 16 Aprll 2018 as amended by special re501ution registered at Companies House on 21 December 2018. The company registered as a charity with the Charlty Commlssion in England & Wales ICCEWI on 3 January 2019 under the charity numbèr 1181399. The Board of Trustees meet quarterty to review the activities and financial position of the charlty. All governance decision5 are made by the Trustees. The day to day work of the charity is undertaken bv the rnanagement team who work closèly with the Trustees. The charity was formerly named The Westside Young Leaders Academy Ltd before changing 115 name via members, special resolution on 14 December 2022 (presented at Companies Plouse on 15 December 20221 to Youn8 LeadÈrs Atademy Ltd. Pollcles ado ted for the ointmènt inductlon and trainin of Trustees New Trustees are appointed based on the 5k+lls and exper1ence that they can brinB to the Board. The Board supports new Trustees through an induction process In whlch new Trustee5 are made aware of their responslbllities as Indivbdual Trustees 3nd thesr jolnt re5ponsibilitie5 as rnembers of the Board. The 8oard follows the CharSty Commission'5 guid8n¢e In setting out these responslbllltles. Assoclated O anlsatlons YLA is committed to and actively Seeks to work in partnership with other like-mlnded organisations. Chari Ob ectlves The objectives of YLA are-. To give students IBAME boys and girlsl access to a unique, culturally competent currlculum that enables them to develop a knowledge of self. Instil thè teneis of success in young leader5 at an early age. To provide our young leaders with the skills and knowledge which will enable them to be successful in school and beyond. Empowering our young people to become the next generation of suc￿$Sful leaders throuBh trainin8 and mentoring. Members, Itablllt Members of the charity guarantee to contTibute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 July 2024 was £3. YOUNG LEADERS ACADEMY LTD FOMERLY THE WE5TSIDE YOUNG LEADERS ACADEMY LTD REPORT OF THE TRUSTEES Icontinuedl YEAR ENDED31JULY2024 Achievements and performan¢e Maln artlvltles thls Our key artivities this year included= We introduced a maths GCSE revision programme to support Year 11 students taking GC5E maths exam We have provided In-house counsellors for students dealin8 Wlth difficult and challenging situations. Facilltated a number of career inslghts days in partnership with a nurnber of employers that helped to raise aspir3tions and exposed the young leaders to Positive rtsle models. We facilitated several healthy eating workshops for the youn8 leaders and their parent5. The programmes demonstrated howyou tan eat healthy on a budget. Our facilitators dellvered a positive relationship programme. Positive relationship training help5 the young people sell- worth and equlps them wlth the essential skills and support they need to thrive in all areas of their lives. - The young leaders took part in a sports daywith participants of other supplementary schools. Further enhancln8 their teamwork skills, resilience and deterrnination. vÈmen for the We held our first international residential in the Gambla thls year. Nineteen students visited local schools and dellvered presentations to Garnbian students and their teachers. The residentials helped the students to further develop their leadership sk1115 and it helped to boost thelr confidence. - The youn8 leader5 helped to raise money via our Leaders SeNe pro8ramrne to support the educatlon of Gamblan students. ear YOUNG LEADERS ACADEMY LTD FORMERLV THE WESTSIDE YOUNG LEADERS ACADEMY LTD REPORT OF THE TRUSfEES Icontinuedl YEAR ENDED 31 JULY 2024 Nnanclal Teview For the financial year ended 31 July 2024, YLA achieved total income from Charitable activities of £182.33112023- £172.1711 of which £85,OQX) was restricted funds12023- £94,542). Total expenditure on charitable activities was £197,54912023- £148,203). of which £90,910 related to restrirted expenditure12023- £102,531). Overall this lead to a net decrease in totsl fund5 Qf £15,06312023- increase £24,1061, consi5tin8 of a deficit on restricted funds of £5,91012023- £7,989 deficitl and deficit on unrestricted funds of £9,15412023- £32,095 surplus). At 31 july 2024 the charity held total funds of £74,057 12023- £89,120), of which £3,487 was re5tricted12023- £9,397) with the remainder beln8 unrestthcted general funds. Future lans - To secure funding for the Lewlsham Academy. Expand our'in school, programme and target schoo15 in the borough of Lewisham. Secure funding which will enable us to continue dellverlng our Sailing residen￿31. Recruit additional volunteers. Expand our bu￿ary programme In order for more young leaders to have access to a boarding School education. Rlsk mana ement The trustees continually carry out an analy51s of the r15￿ faced by the organisation. Mafror risks are fomially considered by the Trustee5 during Board meetin8s and preventative action is undertaken where required. Rèsevves The trustees have examined the charity's ￿quirementS in the light of the main risks to the organisation. It has established policy Whe￿bY unrestricted funds held by the charity Should cove¥ 3 months operating costs. The present level ol reserves 1£70,5691 Is adequate to cover anticipated operating tosts. YOUNG LEADERS ACADEMY LTD FORMERLV THE WE5TSIDE YOUNG LEADERS ACADEMY LTD REPORT OF THE TRUSTEE5 (Continued) YEAR ENDED 31 JULY 2024 Trustees, responslbillties in relation to the financlal Statements The trustees arÈ requlred by company law to prep3re a financlal statement for each year whlch gives a true and fair view of the financial activitie5 of the charity company and its financial position forthat period. In doing so the trustees are required to.. - 5elEct suitable accounting polic4es and apply thern con5i5tently through the year,. Make sound judgements and Èstimate5 that are reasonable and prudent,. - state whether the policies adopted afft In accordance with the companies act 1985 and with applicable accounting standard5 and statement of recommended practice, subjert to any material departure5 disclosed and explained in the financlal statements,. Prepare the financial sratement5 on a gging concern basls unless It Is inappropriate to presume that the company will continue in business. Mernbers of the Mana8ementTeam Members of the management team. who are directors forthe purpose of company law and trustees forthe purpose of charity law, who setved during the year a￿ set out in the Reference & Administratlve Information section. In aecordance with company laws, as the company's dlrector5 we certify that.. - As the dlrectorn of the company we have taken all the steps that we ou8ht to have taken in order to make ourselves aware of any relevant information which should be disclosed in these financial statements. We are responsible for keeping proper accountin8 records which di5tlose with reasonable accuracy at any time the financlal position of the charity and enable them to ensure that the financial statements comply with the company and for taking reasonable steps for the prevention of fraud and other irregularities. AFwroval The charitable company is a public benefit group for the purposes of FRS 102 and the￿fore the Charity prepared its finandal statements in accordance with the Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applieable In the UK and Republlc of Ireland (The FRS 102 Charftles SORPI, the Companies Act 2006 and the Charitie5 Act 2011. By order of the trustees.. 2ozf Truste M. Amanning YOUNG LEADERS ACADEMY LTD FORMERLYTHE WESTSIDE YOUNG LEADERS ACADEMY LYD Independent examinerfs report to the tnJstèÈ5 of Young Leaders Academy Ltd YEAR ENDED 31 JULY 2024 I report to the trustees on my examinatlon of the accounis of the above charlty l-the charity") for the year ended 31 July 2024. Responslbllltle5 and bas15 of report As the charity's trustee5, you are responsible for the preparation of the account5 in attordance with the requirements of the Charitie5 Act 20111"the ACWI. I report in respect of my examlnation of the charity's accounts carriecl 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 14515llbl of the Act. Independent examinerfs statement I have completed my examination. I conflrm that no material matters have come to rny attention in connection with the examination which gives me cause to believe that Sn, any material respect= the accountlng record5 were not kept in accordance with sectlon 130 of the Charltles Att,. or the accounts did not accord with the accounting records.. or the accounts did not comply with the applicable reouirements concernin8 the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any re4uirernent that the accounts Elve a'true and lairf view whlch is not a matter considered as part of an independent examination. have no concern5 and have come across no other rnatters in connection with the examination to which attention should be drawn In thls report Sn order to enable a proper understandin8 of the accounts to be reached. Oave LlaLi4 David Wallis ACA 10 April 2025 Mernber of the Institute of Chartered AccountaJ)ts in England and Wale5 DJW Accounts Consulting Ltd 8. 3 Chivalry Road London SWII IHr YOUNG LEADERS ACADEMY LTD FORMERLY THE wE￿sIDE YOUNG LEADERS ACADEMY LTD STATEMENT OF FINANCIAL ACTIVITIE5 FOR THE YEAR ENDED 31 JULY 2014 2024 Total 2023 Total Restricted Unrestricted Restricted Unrestricted Note Incomlng and èxpendlture Income from.. Charitable activities Interest income Total Income 85,000 97,331 155 97,486 182.331 155 182,486 94,542 77,629 137 77.767 172,171 137 172.308 85.000 94,542 Expendlture on: Charitable activities Total expendlture 90,910 90,910 106,639 106,639 197.549 197.549 102,531 102,531 45,672 45,672 148,203 148.203 Net Income for the year I net movement in funds 15.9101 19,1541 115,0631 17.9891 32.095 24,106 Recondllatlon of funds Total funds brought forward at l August 9,397 79.723 89,120 17,386 47,628 65,014 Total funds tarrled fon¥ard at 31 July 74.057 9.397 89.120 All of the above results are derlved from ¢onlnulng activitie5. There were no recoBnised gains or losses other than those stated above. Movements in funds are disc105ed in Note 8 to the finantlal statements. YOUNG LEADERS ACADEMY LTD FORMERLY THE WESfSlDE YOUNG LEADERS ACADEMY LTD srATEMENT OF FINANCIAL P051TION ASAT31JULY 2024 2024 2023 Note Current assets Cash at bank and in hand Other debtors 94,248 8053 111.598 27,609 103,101 139,207 Llabilltles Creditors: amounts falllnB due within one year 29.1)44 50,087 Net current asset5 74,057 89,120 Net assets 74.057 89.120 Represented by: Funds and reserves Restrlcted funds Unrestrlcted funds 3A87 70.569 9,397 79,723 Total charltyfunds 74,057 89,120 For the year ended 31 july 2023 the charitable company was entitled to exemption frorn audlt under sertlon 477 of the Companies Act I'the Act'l relating to small companies. rhe trustees acknowledge their responslbllities for complying with the requliements of the Companles Act 2006 wlth respert to accountlng record5 and the preparation of financial Statements. These financlal statements have been prepared in accordance with the provi5ion5 applicable to companies subject to the Small companies regimè. Approved by the trustees of Young Leaders Academy Ltd and SiEned on thelr behalf bv: Tr tee proved M. Amanning YOUNG LEADERS ACADEMY LTD FORMERLY THE WESTSIDE YOUNG LEADERS ACADEMY LTD PRINCIPAL ACCOUNTING POLICIES FOR THE YEAR ENDED 31 JULY 2024 Basis of accountlng The financial statement5 have been prepared under the historical c05t convention and in accordance with UK Generally Accepted Accountlng Practlce, the Companles Art 2006 and "The Flnanclal Reportln£ Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and"AccountinE and Reporting by Charitles.. the Statement of Recommended Practice" for charitie5 applying FR51021"SORP"l. The charity is a Public Benefit Entitv as dèfined bv FRS 102. The financial statements are prepared in sterlin& which is the functional currency of the company. Monetary amounts in these financlal statements are rounded to the nearest £. The financial statements have been prepared on the hlstorical cost convention. The principal accounting policles adopted are set out below. Golng concern The financlal statements have been prepared on a going concern basi5. When con5iderin8 the approprlateness of the going concern basis the trustees have given cons&derHtion to projetted finantial performan￿ and p051tion for a period of twelve months from the date of signature of these flnancial statements. Cash flow statement The financial statements do not include a cash flow statement because the charity. as a small reporting entity. is exempt from the requirement to prepare such a statement under FRS 102. Income Incomels recogn15ed in the perlod In whlch the charity is entitled to re￿Ipt the amount can be measured with reasonable certainty. Income 15 deferred only when the charity has to fulfil condition5 before bècoming entitled to it or where the donor or funder has specifieil that the income is to be expended In a future accountin£ Deriod. Income rèpresents donations, grants, fees for servI￿S rendered and Interest receivable. Grants subject to specific conditions are credited to relevant restricted funds. Expenditure Expenditure is included In the statement of financial activltles when Incurred and Includes attributsble VAT which cannot be recovered. Charitable expenditure comprises both direct and indirect overhead expenditure on the charity's primary tharitable purposes. Fund accountlng Unrestricted funds represent those monSe5 which may be used towards meeting the charitable objectives of the charitable company at the dlscretion of the trustees. The restricted funds are monies raised for, and their use restricted to, a speclfic purpose, or 8rantS subject to donor Smp05ed conditions. YOUNG LEADERS ACADEMY LTD FORMERLYTHE WESTSIDE YOUNG L&4DERS ACADEMY LTD Notes to the financlal statements FOR THEYEAR ENDED31JULY 2024 Income from tharitable artivities Restrirted Unrestricted funds funds Totsl 2024 2024 Leadership Programme 85,000 97,331 182,331 85 000 182 331 Restrlcted funds Unrestrlcted funds Total 2023 2023 Leadership Programme 94,542 77,629 172,171 172 171 Expenditure on charltable act5vltle5 Restrfcted Unrestrlcted funds funds Total 2024 2024 Dlrert project costs: Other cost5 of core charltable activities: Other project and overhead costs 82,961 34,959 117,920 7,948 71,680 79,629 106 639 197 549 R•strlcted funds Unrestrlcted funds Total 2023 2023 DirÈtt prolecl costs: Other costs of core charitable actlvltles: Other project and overhead c05t5 95,345 29.347 124,692 7,186 16,325 23,511 45 102 531 ￿72 148 203 YOUNG LEADERS ACADEMY LTD FORMERLY THE WESTSIDE YOUNG LEADERS ACADEMY LTD Notesto the financlal statements FOR THE YEAR ENDEO 31 JULY 2024 Staff costs and numbers staff costs were as follows.. 2024 2023 Wage5 and salarie5 2024 No. 2023 No. Average number of staff employed Taxation The charitable company is exempt from corporation tax as all Its Intome Is charitable and Is applied for charitable purposes. Debtors 2024 2023 Grattts receivable 8.853 27.609 8.853 27.609 Creditors: amounts falling due within one year 2024 2023 Accruals Deferred income 13,441 36,646 25,000 29,044 50,087 YOUNG LEADERS ACADEMY LTD FORMERLY THE WESTSIDE YOUNG LEADERS ACADEMY LTD Notes to the finan¢lal statements FOR THEYEAR ENDED31JULY 2024 Analysls of net assets between funds Restrlrted funds Unrestrlcted funds Total funds Fund balan￿5 as at 31 July 2024 Net current asset5 3,487 70,569 74,057 3,487 70,569 Restricted Unrestrlcted Total funds Fund balances as at 31 July 2023 Net current assets 9,397 79,723 89.120 9,397 79,723 89.120 Total Funds The income funds of the charlty include restrlcted funds comprising the following unexpended balances of donations and grants held on trust for speciflc purposes.. At I August Incomin8 2023 resource5 Outgoing resources Al the 31 July 2024 Restrirted funds: Lewisham City Council- Leadership Programme 60,OCQ 156.6461 3.354 Shaftsbury Fund- Ralse the bar 9,264 25,OCM) 134.2641 Clty Bridge Trust- Covid Response 236 236 CVS Brent- Leadership Programrne Young Brent Foundation- Scholars 1,330 1.330 11,4311 11.4311 Unrestrirted funds: Grants & Oonations 79.576 145 97,331 155 1106.6391 70,268 Investment Income 89,120 182,486 1197,5491 74,057 YOUNG LEADERS ACADEMY LTD FORMERLY THE WESTSIDE YOUNG LEADERS ACADEMY LTD Notes to the financlal statements FOR THE YEAR ENDED 31 JULY 2024 At l August 2022 Incoming resources Outgoing re50urce5 At the 31 July 2023 Restricted fvnds.. Lewisham City Council- Leadership Programme City Bridge Trust- Covid Response 17,252 53.672 170,9241 236 236 CVS Brent- Leadership Programme Young Brent Foundatlon- Scholars Shaftsbury Fund- Raise the bèr 1.330 1.330 11,4311 11,4311 40,870 131.6071 9,264 Unrestrlcted funds.. Grant5 & Donations Investment Income 47,619 77,629 137 145,6721 79,576 145 65.014 172.308 1148,2031 89,120 Alm and use of restrlcted funds Shaftsbu Fund- Raise the Bar This fund provides support for specific pro8rammes held during the Saturday leadership academy. Lewisham Cit Council- L adershi Pro ramme OngtsinÈ funding fo¥ the Saturday leadership academy based in Lewisham. Youn Brent Foundation Support to provide supplementary education to youn8 people after school. Related Partles There are no related party transactlons io report for the year end 31 July 2024 12023 Nill. Additlonally, no Trustees were paid salarles for their role512023- None). 10. Subsequent evènts There were no p05t-balance sheet events which occurred between 31 July 2024 and the sl8nature of these flnantial statements which could have affected the fi8ures gr disclosure5 therein.