,/1• YOUTH )X(ti ENTERPRISE & EMPLOYABILITY ACADEMY C/of 56 Mary Street, Rhodesia, Worksop, Nottinghamshire, S80 3JE ## Table of Contents Trustees’ Annual Report........................................................................................................................................................3 Objectives and Activities...................................................................................................................................................4 Achievements and Performance.....................................................................................................................................4 Financial Review.................................................................................................................................................................5 The Board regularly reviews the amount of reserves that are required to ensure that they are adequate to fulfil our continuing obligations.............................................................................................................5 Statement of financial activities (including summary income and expenditure account)................................6 2 Trustees. Annual Report _Para 1.20:_ ## **Objectives and Activities** ## **Achievements and Performance** ## _**Summary of the purposes of the charity as set out in its governing document** Para 1.17_ To act as a resource for disadvantaged young people living in Nottinghamshire by providing advice and assistance and organising programs of education, entrepreneurial, practical skills and other activities as a means of: (a) advancing in life and helping young people by developing their skills, capacities, and capabilities to enable them to participate in society as independent, mature, and responsible individuals; and (b) advancing education; and (c) relieving unemployment; and (d) promote their strengths, abilities. _Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19_ The charity has several programs that aim to support young people in different ways which I will give a brief overview below. - (a) Youth Enterprise Challenge, gives young people a flavour of what it’s like to be an entrepreneur. It gives them a chance to think of a new business idea and make it happen, using real money to take calculated risks in the business field, make a profit – and make a difference. - (b) Employ-ability program is continuously being developed to proactively engage with young people in order to help them to identify and develop the skills needed for the world of work. - (c) YEEA Youth Awards is about rewarding a young person who has demonstrated outstanding ability/skill in their community. - (d) Coat for Children campaign stated in midDecember of 2021 is providing vulnerable children a free warm coat over the winter period, this annual campaign comes as hundreds of vulnerable children across the UK are left out in the cold this winter. - (e) Research as a charity, we pay attention to issues and concerns young people and their future employer have, in order to provide the best possible support for them. Our research and evaluations deliver insights into the dreams, hopes and aspirations of young people, as well as the barriers they face to succeed this in turn helps us to continually update and develop our programs. The charity has continued to develop its programmes to align with key elements of Personal, Social, Health and Economic (PSHE) Education, a curriculum subject in England that focuses on equipping children and young people with the knowledge, skills and attributes needed to stay healthy, safe, and prepared for adult life and employment. Alongside programme development, the charity has paid close attention to the challenges facing young people and their future employers. In response, we have undertaken extensive research and surveys to better understand emerging needs and ensure that our support remains relevant, effective and impactful. The current rise in the cost of living has placed significant financial pressures on families with children and young people. These economic challenges have affected many of the communities we serve and have also impacted the charity’s ability to deliver activities at previous levels. As a result, a substantial amount of time during this period has been dedicated to research, consultation and programme review to ensure that our resources are targeted where they can achieve the greatest benefit. Conducting this research has itself presented challenges due to financial constraints and limited resources. To date, the charity has supported fewer young people aged between 8 and 18 years old than last year, primarily from Nottinghamshire. However, the number of young people directly supported during this reporting period has been lower than in previous years due to the charity’s ongoing programme review and research activities. Our support has included helping young people to recognise and develop their abilities, prepare CVs and cover letters, and access interview opportunities. Through this work, participants have been better equipped to engage in society as mature, responsible and confident individuals, while developing valuable skills that support their future education, employment and personal 4 ## development. ## **Financial Review** Review of the charity’s financial position at the end of the period Para 1.21 The charity is in sustainable at this level indefinitely and how at the moment it does not have any reserves. Statement explaining the policy for holding reserves stating why they are held Para 1.22 The reserves that we set aside provide financial stability in the event of a drop in income and the means for the development of our principal activities such as allowing the charity to take advantage of new opportunities. We intend to maintain our reserves at a level which is at least equivalent to one thousand pounds to be used in the following manner: a. Cover core costs b. Replacement of key equipment required to carry out our activities c. Advantage of new opportunities The Charity does not hold any reserves at moment due to it been used to cover an annual utility bill which was not cover by standard fundraising because the costs of the pandemic linger. The Board regularly reviews the amount of reserves that are required to ensure that they are adequate to fulfil our continuing obligations. 5 Statement of financial activities (including summary income and expenditure account) ## **Restricted income** ## **Income (Notes 3)** ## **Income and endowments from:** Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other ## _**Total**_ |**Restricted income**|**Restricted income**|**Restricted income**|**Restricted income**|**Restricted income**| |---|---|---|---|---| |**Unrestricted funds**
**funds**
**Endowment funds**
**Total funds**
**Prior year funds**
**£**
**£**
**£**
**£**
**£**||||| ||415||415|600| |||||-| |||||-| |||||-| |||||-| |||||-| ||||415|600| ## **Expenditure (Notes 6)** ## **Expenditure on:** Raising funds Charitable activities Separate material expense item Assets obtain ## _**Total**_ ## **Net income/(expenditure) before tax for the reporting period** Tax payable ## **Net income/(expenditure) after tax before investment gains/(losses)** Net gains/(losses) on investments ## **Net income/(expenditure)** ## **//** **Transfers between funds Other recognised gains/(losses):** Gains and losses on revaluation of fixed assets for the charity’s own use ||||415|-
-
600| |---|---|---|---|---| |||||-| ||325||325|250| ||85||85|314| |||||| ||||410|564| |||||| ||||5|36| |||||-| ||||5|36| |||||-| ||||5|36| |||||-| |||||-| |||||| ||||2,823|3,137| |Other gains/(losses)
**_Net movement in funds_**
**_Reconciliation of funds:_**
Total funds brought forward||||||| |---|---|---|---|---|---|---| ||||||2,823|3,137| |||||||-| |||||||-| |||-|||2,823|3,137| |Balance Sheet
**Fixed assets**
**Intangible assets**
**Tangible assets**
**Heritage assets**
**Investments**
**_Total fxed assets_**
**Current assets**
**Stocks**
**Debtors**
**Investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within one year**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**| |---|---|---|---|---|---| ||||||| |||2,823||2,823|3,137| ||||||-| ||||||-| |||||2,823|3,137| ||||||| ||||||-| ||||||-| ||||||-| |||||5|36| |||||5|36| ||||||| ||||||-| ||||||| ||||||| ||||||| ||||||| 7 |**Creditors: amounts falling due after one year**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds**
**Restricted income funds**
**Unrestricted funds**
**Revaluation reserve**
**Fair value reserve**
**_Total funds_**|||||-| |---|---|---|---|---|---| ||||||-| ||||||| |||||2,828|3,173| ||||||| |||||5|36| ||||||-| ||||||-| ||||||-| ||||||-| ||-||-|5|36| The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies’ regime and in accordance with FRS102 SORP. ## X Kurtis-Jay Castle Chair 8 ## **Note 3 Income** |**Analysis of income**
**Donations**
**and**
**legacies:**
Donations and Legacies
General grants provided by
government/other charities
Other
**Total**
**Charitable**
**activities:**
Other
**Total**
**Other**
**trading**
**activities:**
Other
**Total**
**Total**
**TOTAL INCOME**
**Other information:**|**Analysis of income**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**| |---|---|---|---|---|---|---| ||Donations and Legacies||415|-|415|600| ||General grants provided by
government/other charities|-||-||-| ||Other|||-||-| ||**Total**|||-|415|600| |||||||| ||Other||-|-||-| ||**Total**||-|-|0|-| |||||||| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||-|-|-|-|-| |||||||| |||||-|415|600| |||||||| |**All income in the prior year was unrestricted except for:**
**(please provide description and amounts)**||N/A||||| |**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**||||||| |||N/A||||| 9 **Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.** N/A **Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)** N/A **This year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).** N/A **Last year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).** N/A 10 ## **Basis of preparation** ## _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: |• and with*
• and with*|**x**|the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)| |---|---|---| ||**x**|| - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern _**Not applicable Not applicable Not applicable**_ 11 basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. ## **1.3 Change of accounting policy** The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }. **----- Start of picture text -----**
Yes*
* -Tick as appropriate
No* x
Please disclose:
(i) the nature of the change in accounting policy; Not applicable
(ii) the reasons why applying the new accounting policy provides more
Not applicable
reliable and more relevant information; and
(iii) the amount of the adjustment for each line affected in the current Not applicable
period, each prior period presented and the aggregate amount of the
adjustment relating to periods before those presented, 3.44 FRS102 SORP.
**----- End of picture text -----**
## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP). **----- Start of picture text -----**
Yes*
* -Tick as appropriate
No* x
Please disclose:
(i) the nature of any changes; Not applicable
**----- End of picture text -----**
12 |**_(ii) the efect of the change on income and expense or assets and liabilities_**
**_for the current period; and_**|Not applicable| |---|---| |**_(iii) where practicable, the efect of the change in one or more future_**
**_periods._**|**_Not applicable_**| ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). |Yes*
No*
**_Please disclose:_**||* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||x||| ||||| |**_(i) the nature of the prior period error;_**|||Not applicable| |**_(ii) for each prior period presented in the accounts, the amount of the_**
**_correction for each account line item afected; and_**|||Not applicable| |**_(iii) the amount of the correction at the beginning of the earliest prior_**
**_period presented in the accounts_**|||**_Not applicable_**| 13 ,/1• YOUTH )X(ti ENTERPRISE & EMPLOYABILITY ACADEMY C/of 56 Mary Street, Rhodesia, Worksop, Nottinghamshire, S80 3JE ## Table of Contents Trustees’ Annual Report........................................................................................................................................................3 Objectives and Activities...................................................................................................................................................4 Achievements and Performance.....................................................................................................................................4 Financial Review.................................................................................................................................................................5 The Board regularly reviews the amount of reserves that are required to ensure that they are adequate to fulfil our continuing obligations.............................................................................................................5 Statement of financial activities (including summary income and expenditure account)................................6 2 Trustees. Annual Report _Para 1.20:_ ## **Objectives and Activities** ## **Achievements and Performance** ## _**Summary of the purposes of the charity as set out in its governing document** Para 1.17_ To act as a resource for disadvantaged young people living in Nottinghamshire by providing advice and assistance and organising programs of education, entrepreneurial, practical skills and other activities as a means of: (a) advancing in life and helping young people by developing their skills, capacities, and capabilities to enable them to participate in society as independent, mature, and responsible individuals; and (b) advancing education; and (c) relieving unemployment; and (d) promote their strengths, abilities. _Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19_ The charity has several programs that aim to support young people in different ways which I will give a brief overview below. - (a) Youth Enterprise Challenge, gives young people a flavour of what it’s like to be an entrepreneur. It gives them a chance to think of a new business idea and make it happen, using real money to take calculated risks in the business field, make a profit – and make a difference. - (b) Employ-ability program is continuously being developed to proactively engage with young people in order to help them to identify and develop the skills needed for the world of work. - (c) YEEA Youth Awards is about rewarding a young person who has demonstrated outstanding ability/skill in their community. - (d) Coat for Children campaign stated in midDecember of 2021 is providing vulnerable children a free warm coat over the winter period, this annual campaign comes as hundreds of vulnerable children across the UK are left out in the cold this winter. - (e) Research as a charity, we pay attention to issues and concerns young people and their future employer have, in order to provide the best possible support for them. Our research and evaluations deliver insights into the dreams, hopes and aspirations of young people, as well as the barriers they face to succeed this in turn helps us to continually update and develop our programs. The charity has continued to develop its programmes to align with key elements of Personal, Social, Health and Economic (PSHE) Education, a curriculum subject in England that focuses on equipping children and young people with the knowledge, skills and attributes needed to stay healthy, safe, and prepared for adult life and employment. Alongside programme development, the charity has paid close attention to the challenges facing young people and their future employers. In response, we have undertaken extensive research and surveys to better understand emerging needs and ensure that our support remains relevant, effective and impactful. The current rise in the cost of living has placed significant financial pressures on families with children and young people. These economic challenges have affected many of the communities we serve and have also impacted the charity’s ability to deliver activities at previous levels. As a result, a substantial amount of time during this period has been dedicated to research, consultation and programme review to ensure that our resources are targeted where they can achieve the greatest benefit. Conducting this research has itself presented challenges due to financial constraints and limited resources. To date, the charity has supported fewer young people aged between 8 and 18 years old than last year, primarily from Nottinghamshire. However, the number of young people directly supported during this reporting period has been lower than in previous years due to the charity’s ongoing programme review and research activities. Our support has included helping young people to recognise and develop their abilities, prepare CVs and cover letters, and access interview opportunities. Through this work, participants have been better equipped to engage in society as mature, responsible and confident individuals, while developing valuable skills that support their future education, employment and personal 4 ## development. ## **Financial Review** Review of the charity’s financial position at the end of the period Para 1.21 The charity is in sustainable at this level indefinitely and how at the moment it does not have any reserves. Statement explaining the policy for holding reserves stating why they are held Para 1.22 The reserves that we set aside provide financial stability in the event of a drop in income and the means for the development of our principal activities such as allowing the charity to take advantage of new opportunities. We intend to maintain our reserves at a level which is at least equivalent to one thousand pounds to be used in the following manner: a. Cover core costs b. Replacement of key equipment required to carry out our activities c. Advantage of new opportunities The Charity does not hold any reserves at moment due to it been used to cover an annual utility bill which was not cover by standard fundraising because the costs of the pandemic linger. The Board regularly reviews the amount of reserves that are required to ensure that they are adequate to fulfil our continuing obligations. 5 Statement of financial activities (including summary income and expenditure account) ## **Restricted income** ## **Income (Notes 3)** ## **Income and endowments from:** Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other ## _**Total**_ |**Restricted income**|**Restricted income**|**Restricted income**|**Restricted income**|**Restricted income**| |---|---|---|---|---| |**Unrestricted funds**
**funds**
**Endowment funds**
**Total funds**
**Prior year funds**
**£**
**£**
**£**
**£**
**£**||||| ||415||415|600| |||||-| |||||-| |||||-| |||||-| |||||-| ||||415|600| ## **Expenditure (Notes 6)** ## **Expenditure on:** Raising funds Charitable activities Separate material expense item Assets obtain ## _**Total**_ ## **Net income/(expenditure) before tax for the reporting period** Tax payable ## **Net income/(expenditure) after tax before investment gains/(losses)** Net gains/(losses) on investments ## **Net income/(expenditure)** ## **//** **Transfers between funds Other recognised gains/(losses):** Gains and losses on revaluation of fixed assets for the charity’s own use ||||415|-
-
600| |---|---|---|---|---| |||||-| ||325||325|250| ||85||85|314| |||||| ||||410|564| |||||| ||||5|36| |||||-| ||||5|36| |||||-| ||||5|36| |||||-| |||||-| |||||| ||||2,823|3,137| |Other gains/(losses)
**_Net movement in funds_**
**_Reconciliation of funds:_**
Total funds brought forward||||||| |---|---|---|---|---|---|---| ||||||2,823|3,137| |||||||-| |||||||-| |||-|||2,823|3,137| |Balance Sheet
**Fixed assets**
**Intangible assets**
**Tangible assets**
**Heritage assets**
**Investments**
**_Total fxed assets_**
**Current assets**
**Stocks**
**Debtors**
**Investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within one year**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**| |---|---|---|---|---|---| ||||||| |||2,823||2,823|3,137| ||||||-| ||||||-| |||||2,823|3,137| ||||||| ||||||-| ||||||-| ||||||-| |||||5|36| |||||5|36| ||||||| ||||||-| ||||||| ||||||| ||||||| ||||||| 7 |**Creditors: amounts falling due after one year**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds**
**Restricted income funds**
**Unrestricted funds**
**Revaluation reserve**
**Fair value reserve**
**_Total funds_**|||||-| |---|---|---|---|---|---| ||||||-| ||||||| |||||2,828|3,173| ||||||| |||||5|36| ||||||-| ||||||-| ||||||-| ||||||-| ||-||-|5|36| The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies’ regime and in accordance with FRS102 SORP. ## X Kurtis-Jay Castle Chair 8 ## **Note 3 Income** |**Analysis of income**
**Donations**
**and**
**legacies:**
Donations and Legacies
General grants provided by
government/other charities
Other
**Total**
**Charitable**
**activities:**
Other
**Total**
**Other**
**trading**
**activities:**
Other
**Total**
**Total**
**TOTAL INCOME**
**Other information:**|**Analysis of income**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**| |---|---|---|---|---|---|---| ||Donations and Legacies||415|-|415|600| ||General grants provided by
government/other charities|-||-||-| ||Other|||-||-| ||**Total**|||-|415|600| |||||||| ||Other||-|-||-| ||**Total**||-|-|0|-| |||||||| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||-|-|-|-|-| |||||||| |||||-|415|600| |||||||| |**All income in the prior year was unrestricted except for:**
**(please provide description and amounts)**||N/A||||| |**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**||||||| |||N/A||||| 9 **Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.** N/A **Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)** N/A **This year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).** N/A **Last year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).** N/A 10 ## **Basis of preparation** ## _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: |• and with*
• and with*|**x**|the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)| |---|---|---| ||**x**|| - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern _**Not applicable Not applicable Not applicable**_ 11 basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. ## **1.3 Change of accounting policy** The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }. **----- Start of picture text -----**
Yes*
* -Tick as appropriate
No* x
Please disclose:
(i) the nature of the change in accounting policy; Not applicable
(ii) the reasons why applying the new accounting policy provides more
Not applicable
reliable and more relevant information; and
(iii) the amount of the adjustment for each line affected in the current Not applicable
period, each prior period presented and the aggregate amount of the
adjustment relating to periods before those presented, 3.44 FRS102 SORP.
**----- End of picture text -----**
## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP). **----- Start of picture text -----**
Yes*
* -Tick as appropriate
No* x
Please disclose:
(i) the nature of any changes; Not applicable
**----- End of picture text -----**
12 |**_(ii) the efect of the change on income and expense or assets and liabilities_**
**_for the current period; and_**|Not applicable| |---|---| |**_(iii) where practicable, the efect of the change in one or more future_**
**_periods._**|**_Not applicable_**| ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). |Yes*
No*
**_Please disclose:_**||* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||x||| ||||| |**_(i) the nature of the prior period error;_**|||Not applicable| |**_(ii) for each prior period presented in the accounts, the amount of the_**
**_correction for each account line item afected; and_**|||Not applicable| |**_(iii) the amount of the correction at the beginning of the earliest prior_**
**_period presented in the accounts_**|||**_Not applicable_**| 13 ,/1• YOUTH )X(ti ENTERPRISE & EMPLOYABILITY ACADEMY C/of 56 Mary Street, Rhodesia, Worksop, Nottinghamshire, S80 3JE ## Table of Contents Trustees’ Annual Report........................................................................................................................................................3 Objectives and Activities...................................................................................................................................................4 Achievements and Performance.....................................................................................................................................4 Financial Review.................................................................................................................................................................5 The Board regularly reviews the amount of reserves that are required to ensure that they are adequate to fulfil our continuing obligations.............................................................................................................5 Statement of financial activities (including summary income and expenditure account)................................6 2 Trustees. Annual Report _Para 1.20:_ ## **Objectives and Activities** ## **Achievements and Performance** ## _**Summary of the purposes of the charity as set out in its governing document** Para 1.17_ To act as a resource for disadvantaged young people living in Nottinghamshire by providing advice and assistance and organising programs of education, entrepreneurial, practical skills and other activities as a means of: (a) advancing in life and helping young people by developing their skills, capacities, and capabilities to enable them to participate in society as independent, mature, and responsible individuals; and (b) advancing education; and (c) relieving unemployment; and (d) promote their strengths, abilities. _Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. Para 1.17 and 1.19_ The charity has several programs that aim to support young people in different ways which I will give a brief overview below. - (a) Youth Enterprise Challenge, gives young people a flavour of what it’s like to be an entrepreneur. It gives them a chance to think of a new business idea and make it happen, using real money to take calculated risks in the business field, make a profit – and make a difference. - (b) Employ-ability program is continuously being developed to proactively engage with young people in order to help them to identify and develop the skills needed for the world of work. - (c) YEEA Youth Awards is about rewarding a young person who has demonstrated outstanding ability/skill in their community. - (d) Coat for Children campaign stated in midDecember of 2021 is providing vulnerable children a free warm coat over the winter period, this annual campaign comes as hundreds of vulnerable children across the UK are left out in the cold this winter. - (e) Research as a charity, we pay attention to issues and concerns young people and their future employer have, in order to provide the best possible support for them. Our research and evaluations deliver insights into the dreams, hopes and aspirations of young people, as well as the barriers they face to succeed this in turn helps us to continually update and develop our programs. The charity has continued to develop its programmes to align with key elements of Personal, Social, Health and Economic (PSHE) Education, a curriculum subject in England that focuses on equipping children and young people with the knowledge, skills and attributes needed to stay healthy, safe, and prepared for adult life and employment. Alongside programme development, the charity has paid close attention to the challenges facing young people and their future employers. In response, we have undertaken extensive research and surveys to better understand emerging needs and ensure that our support remains relevant, effective and impactful. The current rise in the cost of living has placed significant financial pressures on families with children and young people. These economic challenges have affected many of the communities we serve and have also impacted the charity’s ability to deliver activities at previous levels. As a result, a substantial amount of time during this period has been dedicated to research, consultation and programme review to ensure that our resources are targeted where they can achieve the greatest benefit. Conducting this research has itself presented challenges due to financial constraints and limited resources. To date, the charity has supported fewer young people aged between 8 and 18 years old than last year, primarily from Nottinghamshire. However, the number of young people directly supported during this reporting period has been lower than in previous years due to the charity’s ongoing programme review and research activities. Our support has included helping young people to recognise and develop their abilities, prepare CVs and cover letters, and access interview opportunities. Through this work, participants have been better equipped to engage in society as mature, responsible and confident individuals, while developing valuable skills that support their future education, employment and personal 4 ## development. ## **Financial Review** Review of the charity’s financial position at the end of the period Para 1.21 The charity is in sustainable at this level indefinitely and how at the moment it does not have any reserves. Statement explaining the policy for holding reserves stating why they are held Para 1.22 The reserves that we set aside provide financial stability in the event of a drop in income and the means for the development of our principal activities such as allowing the charity to take advantage of new opportunities. We intend to maintain our reserves at a level which is at least equivalent to one thousand pounds to be used in the following manner: a. Cover core costs b. Replacement of key equipment required to carry out our activities c. Advantage of new opportunities The Charity does not hold any reserves at moment due to it been used to cover an annual utility bill which was not cover by standard fundraising because the costs of the pandemic linger. The Board regularly reviews the amount of reserves that are required to ensure that they are adequate to fulfil our continuing obligations. 5 Statement of financial activities (including summary income and expenditure account) ## **Restricted income** ## **Income (Notes 3)** ## **Income and endowments from:** Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other ## _**Total**_ |**Restricted income**|**Restricted income**|**Restricted income**|**Restricted income**|**Restricted income**| |---|---|---|---|---| |**Unrestricted funds**
**funds**
**Endowment funds**
**Total funds**
**Prior year funds**
**£**
**£**
**£**
**£**
**£**||||| ||415||415|600| |||||-| |||||-| |||||-| |||||-| |||||-| ||||415|600| ## **Expenditure (Notes 6)** ## **Expenditure on:** Raising funds Charitable activities Separate material expense item Assets obtain ## _**Total**_ ## **Net income/(expenditure) before tax for the reporting period** Tax payable ## **Net income/(expenditure) after tax before investment gains/(losses)** Net gains/(losses) on investments ## **Net income/(expenditure)** ## **//** **Transfers between funds Other recognised gains/(losses):** Gains and losses on revaluation of fixed assets for the charity’s own use ||||415|-
-
600| |---|---|---|---|---| |||||-| ||325||325|250| ||85||85|314| |||||| ||||410|564| |||||| ||||5|36| |||||-| ||||5|36| |||||-| ||||5|36| |||||-| |||||-| |||||| ||||2,823|3,137| |Other gains/(losses)
**_Net movement in funds_**
**_Reconciliation of funds:_**
Total funds brought forward||||||| |---|---|---|---|---|---|---| ||||||2,823|3,137| |||||||-| |||||||-| |||-|||2,823|3,137| |Balance Sheet
**Fixed assets**
**Intangible assets**
**Tangible assets**
**Heritage assets**
**Investments**
**_Total fxed assets_**
**Current assets**
**Stocks**
**Debtors**
**Investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within one year**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**|**Unrestricted funds**
**Restricted income**
**funds**
**Endowment funds**
**Total this year**
**Total last year**
**£**
**£**
**£**
**£**
**£**| |---|---|---|---|---|---| ||||||| |||2,823||2,823|3,137| ||||||-| ||||||-| |||||2,823|3,137| ||||||| ||||||-| ||||||-| ||||||-| |||||5|36| |||||5|36| ||||||| ||||||-| ||||||| ||||||| ||||||| ||||||| 7 |**Creditors: amounts falling due after one year**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds**
**Restricted income funds**
**Unrestricted funds**
**Revaluation reserve**
**Fair value reserve**
**_Total funds_**|||||-| |---|---|---|---|---|---| ||||||-| ||||||| |||||2,828|3,173| ||||||| |||||5|36| ||||||-| ||||||-| ||||||-| ||||||-| ||-||-|5|36| The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies’ regime and in accordance with FRS102 SORP. ## X Kurtis-Jay Castle Chair 8 ## **Note 3 Income** |**Analysis of income**
**Donations**
**and**
**legacies:**
Donations and Legacies
General grants provided by
government/other charities
Other
**Total**
**Charitable**
**activities:**
Other
**Total**
**Other**
**trading**
**activities:**
Other
**Total**
**Total**
**TOTAL INCOME**
**Other information:**|**Analysis of income**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total**
**funds**
**Prior**
**year**
**£**
**£**| |---|---|---|---|---|---|---| ||Donations and Legacies||415|-|415|600| ||General grants provided by
government/other charities|-||-||-| ||Other|||-||-| ||**Total**|||-|415|600| |||||||| ||Other||-|-||-| ||**Total**||-|-|0|-| |||||||| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||-|-|-|-|-| |||||||| |||||-|415|600| |||||||| |**All income in the prior year was unrestricted except for:**
**(please provide description and amounts)**||N/A||||| |**Where any endowment fund is converted into income in the**
**reporting period, please give the reason for the conversion.**||||||| |||N/A||||| 9 **Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.** N/A **Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)** N/A **This year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).** N/A **Last year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).** N/A 10 ## **Basis of preparation** ## _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: |• and with*
• and with*|**x**|the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)| |---|---|---| ||**x**|| - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ An explanation as to those factors that support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern _**Not applicable Not applicable Not applicable**_ 11 basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. ## **1.3 Change of accounting policy** The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }. **----- Start of picture text -----**
Yes*
* -Tick as appropriate
No* x
Please disclose:
(i) the nature of the change in accounting policy; Not applicable
(ii) the reasons why applying the new accounting policy provides more
Not applicable
reliable and more relevant information; and
(iii) the amount of the adjustment for each line affected in the current Not applicable
period, each prior period presented and the aggregate amount of the
adjustment relating to periods before those presented, 3.44 FRS102 SORP.
**----- End of picture text -----**
## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP). **----- Start of picture text -----**
Yes*
* -Tick as appropriate
No* x
Please disclose:
(i) the nature of any changes; Not applicable
**----- End of picture text -----**
12 |**_(ii) the efect of the change on income and expense or assets and liabilities_**
**_for the current period; and_**|Not applicable| |---|---| |**_(iii) where practicable, the efect of the change in one or more future_**
**_periods._**|**_Not applicable_**| ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). |Yes*
No*
**_Please disclose:_**||* -Tick as appropriate|* -Tick as appropriate| |---|---|---|---| ||x||| ||||| |**_(i) the nature of the prior period error;_**|||Not applicable| |**_(ii) for each prior period presented in the accounts, the amount of the_**
**_correction for each account line item afected; and_**|||Not applicable| |**_(iii) the amount of the correction at the beginning of the earliest prior_**
**_period presented in the accounts_**|||**_Not applicable_**| 13