Kensington and Chelsea YPF (Young K&C) A Charitable Incorporated Organi5ation (Charity no. 1185156) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS page Trustees, Report 2-14 Independent Examinerfs Report 15 Annual Accounts 16-26 KENSINGTON AND CHELSEA YPF (A Charitablt Incorporated Or9anlsatlon No. 11851$6) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their Report and independently examined Financial Statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the charitf s constitution, the Charities Act 1993 and the Statement of Recommended Practice: Accounting and Reporting by Charities 2005. Reference and Administrative Detalls Charity Registration Number 1185156 Reglstered Office c/0 Lancaster Youth Hub 128A Lancaster Road London wii ios Trustees The Trustees who held office during the year, unless otherwise indicated. were as follows- Chair of Trustees Trustee Trustee, appointed 22 May 2023 Trustee, appointed 18 January 2024 Trustee, appointed 14 February 2024 Trustee, resigned 23 October 2023 Andy Evans Ar5hian Ali Yusuf Ibrahim Countillor Johnny Thalassites Amal Osman Councillor Sarah Addenbrooke Principal Officer Nicola Butler Chief Executive Officer {CEOI. non-voting Independent Exarniner Ily Maisanda Bst. ACMA, CGMA. ACA. MSC. Fintech (Oxford) Chartered Management Accountant Maisanda & Co Sobus Hub 196 Freston Road Kensington London W106 Tel.. 02089613888 KENSINGTON AND CHELSEA YPF (A Charitable Incorporated Organlsatlon No. 1185156) Banker5 CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME194JQ Strurture Governance and Mana ement Governing Document Young K&C (formerly known as Kensington and Chelsea YPF) was registered as a charity on 30 August 2019. It is governed by its Constitution. On l February 2024, the trustees agreed to update the constitution to change the naffle of the charity from Kensington and Chelsea YPF to Young K&C. Related Charities There are no related charities. Appolntment of Trustees Management of the Charity 15 vested in a Board of Trustees. Trustees are appointed by resolution at a properly convened meeting of the charity trustees. as set out in the Constitution. Induction and Tfainlng of Trustees All new Trustees are given induction information. including the latest annual report and accounts, current policies (including Safeguarding), operational plans and financial forecasts. They are given opportunities to meet other Trustees and senior staff, to provide further insight into the management and operations of the Charity. Senior staff are present at Trustees, meeting to provide information and to support the boaid. Organisational Structure The Trustees are responsible for overall financial control. strategic dirertion and work of the Charity. The board of trustees meets four times per year. It 15 SUPPOrted by the CEO and ad hoc advisers, who have no voting rights. Day-to-day responsibilities are delegated to the CEO, within a framework of approved policies and operational plans. The CEO manages the staff listed below. Trustees (Board of Trustees) CEO (non-voting) Deputy CEO Membership Communications KENSINGTON AND CHELSEA YPF (A Charitable Incorporated Ory•ni￿tion No. 1185156) Risk Review Young K&C has carried out a risk assessment of potential funding risks. from known and potential liabilities. This is reviewed on an ongoing basis. The strategy is to develop long-term relationships with funders. and to retain a reasonable level of reserves. Trustees aim to mitigate the major risks to which the Charity is exposed. through systematic review. Internal Controls The Trustees have agreed a Financial Control Policy with procedures to ensure all personnel. especially those involved in financial operations. correctly adhere to financial controls. This should ensure an audit trail and that cost allocations are properly ascertained and recorded. All transactions are recorded in proprietary accounting 50ftware. enabling tracking of transactions and monthly bank reconciliations. Ob-ectives and Artivities Background Young K&C was set up in 2019, with core funding from John Lyon's Charity and Royal Borough of Kensington and Chelsea. Charitable Objects The Objects of the CIO. being undertaken in the area of the Royal Borough of Kensington and Chelsea for the public benefit. are as follows: l. To promote the efficiency and effectiveness of charities providing services for children or young people by providing support. advice, training and other assistance. 2. To promote the effective use of resources for charitable purposes by charitable and non-charitable bodies working Wlth children and young people by providing advice, seNices and consultations. 3. To advance in life and relieve the needs of children and young people through making grants to organisation5 that do any or all of the following- The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life; Providing support and artivities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. Vision Young K&C's Vision is that all children and young people in Kensington and Chelsea achieve excellent outcomes, supported by a thriving voluntary and community sector. Mission Young K&C brings together businesses. voluntary. community and public sector organisations to create outstanding opportunities for children and young people. We provide funding and KENSINGTON AND CHELSEA YPF {A Charitable Incorporated Oryanisation No. 1185156) support for our members to deliver high quality services for children and young people. Our airns are: Better outcoffles for children and young people Thriving local voluntary organi5ations Reduced inequality Our Objertive5 are to work with local youn8 people and voluntary organisations to: increase sustainable funding to voluntary organisations for the benefit of children and young people build capacity and confidence of voluntary organisations to deliver hiqh quality provision for children and young people elevate the voices of our members and the children and young people they work with to SUPPOrt greater equity and inclusion Youth-led approach Young people play an important role in Young K&Cs decision-making processes. Young Ambassadors have paid roles visiting member organisations. assessing grant applications, reviewing and deciding on grant awards. giving feedback to applicants. helping with consultations, and visiting the projects that we fund to evaluate and to make recommendations for future development. Member-led approach Young K&Cs member5 are regularly engaged throu8h formal and informal consultations. such as forums, survey5 and 1-2-1 meetings. These consultations provide vital insight into the needs and focus areas of voluntsry organisations working with children and young people in the Royal Borough of Kensington and Chelsea. Information Eathered here supports Young K&C in it's future support for members including advocacy for the voluntary and community sector, tailored training and sUPPOrt, dedicated partnership and networking opportunity for members. Equity, diversity and inclusion Young K&C is proactive in promoting opportunities for young women, Global Majority young people, disabled young people and LGBTQl++ young people. Young K&C does this through: our funding programmes and guidance Capacity building support for smaller organi53tions and Global Majority-led organisations collecting and analysing equalities data from the organisations that we fund recruitment of personnel Istaff, volunteers. trustees, members of our grant panels) training and development advocacy KENSINGTON AND CHELSEA YPF {A Charitable Incorporated Organisatlon 140. 1185156) Public Benefit We are satisfied that the artivities fulfil the public benefit requirement set out in the Charity Commission's general guidance. As well as benefit to the individuals concerned there is broader gain for the public. Children and young people from disadvantaged backgrounds benefit from improved access to opportunities and services including youth clubs. adventure playgrounds. supplementary schools, sports, art, music, theatre, holiday activities and food. Children and young people benefit from= free after school and holiday programmes safe places to spend time with friends in the socal community better opportunities for development of skills and learning improved physical and mental health and wellbeing development of creativity. problem solving skills and resilience. through sport. arts, music and play better inclusion of disabled children and young people increased cultural awareness and diversity through bringing children and young people together from different backgrounds increased opportunities for children from low-income families to participate and develop a wider range of interests, skills. experience5 and aspirations Local voluntary and community children and youth organisations benefit frorn= increased funding opportunities. support with full cost recovery and sustainability support with governance, management and development, policie5 and procedures opportunities for training and skills development opportunities for partnerships and cross sector working, for example, coming together to tackle issues like youth employment and seriou5 youth violence Improved relationships from advocacy Achievements and Performance Strategy and Impact During 2023-24, Young K&C- increased sustainable funding to voluntary organisations for the benefit of children and young people by partnering with funders to distribute £579,813 in grants to 44 local voluntary organisations built capacity and confidence of voluntary organisations to deliver hiqh quality provision for children and young people by delivering IS training and networking sessions attended by over 60 local voluntary organisations, along with 1-2-1 advice and support elevated the voice5 of our members and the children and youn8 people they work with by developing the role of our Young Ambassadors in decision-making about local grant KENSINGTON AND CHELSEA YPF (A Ch•ritabl¢ Incorporat¢0 Oty•nisatson No. 1185156) funding, and through our representation and promotion of members via our website, Social media and communications. Sustainable funding for local voluntary organisations working with children and young people In 2023-24, Young K&C made grants totalling £579,813 to 44 local voluntary organisations Icompared with £604,584 to 37 Young K&C members in 2022-231. In 2023-24, we worked with partners to deliver and support 6 grant programmes.. Making Space- including disabled young people. in partnership with the Julia and Hans Rausing Trust and RBKC, provided £82,201 to 4 voluntary organisations Supporting Supplementary Schools, in partnership with Lightbulb Trust, provided £40,W) to 10 voluntary organisations Connecting Young K&C (Our Choice- delivering support for girls and LGBT++ young people and Exploring Culture. Heritage and Identity), in partnership with John Lyon's Charity. provided £50.030 to 10 voluntary organisations Holiday Activities and Food, with RBKC, provided £336,373 to 26 organisations Youth Activities at Lancaster Youth Hub, with RBKC. provided £53,188 to 2 voluntary organisations We worked in partnership with RBKC'S Early Help team to deliver a grants programme for the Parent Carer Champions Network that resulted in 3 additional grants to Young K&C members. In 2023-24 Young K&C distributed grants to.. Active Day Camps. An-Nisa Community Efflpowerment, Azza Supplementary School. Bloomsbury Football. Brainspark Games, Chelsea FC Foundation, Dalgarno Supplementary School. Dalgarno Trust, Earls Court Youth Club, Eristars, Eritrean Parents & Children's Association, the Fashion School, Fit for Life Youth, Gheez Rite, Grow2Know, Harrow Club, Hassan Brighton, Hornimans Adventure Playground. Kids on the Green, Latimer Community Art Therapy, Learning Club Community Association, Little Foxes Football Club, London Sports Trust, Mol Youths, Nxt Generation. Octavia Foundation, Pimento Supplementary School, Playground Theatre. Portobello Dance. Pro-touch SA, Response Community Project, Rugby Portobello Trust, Screen Film Community, Solidarity Sports. Somali Women's Association. St Lukes and Christ Church holiday programme, 5t Marfs Ukrainian School, Teit Ethiopia. Venture Community Association. West London Moroccan Widadi3, West London Zone, Westside Basketball. Women's Association for Networking and Development, Youth Action Alliance. Feedback from members includes: "YounE K&C enabled us to establish the SEND project and have supported us through funding, fundraising, advice, guidance." "Working with Young K&C was greatl If l ever needed anything or had any queries they were KENSINGTON AND CHELSEA YPF (A Charitable Incorporated Or9•nis•tion 140. 1185156) very approachable and communicated well." "Working with Young K and C has been an excellent experience, providing a care and access that is so rarely the case with funders. To have presence of the team at our events really helps build that transparent relationship, removing the often transactional nature of funding- it feels like we are working with you. Furthermore, the report process has been really efficient and didn't exhaust our resources. We felt like we are reporting real impact, not a tick box exercise." Capacity building and developing high quality opportunities for children and young people During 2023-24, Young K&C's membership grew from 94 to 121 local voluntary organisations. The profile of our members is that= 71 are charities and 50 are CICS 71158%1 have turnover under £250k 70 are Black or Global Majority-led 48 members are female-led Member organi5ations work acr055 a range of areas including= After school and holiday programmes Arts and Culture Education, learning and supplementary schools Health and wellbeing Play and sport Poverty reduction Youth and community development Partnerships Many local businesses, universities. arts and cultural institutions donated free opportunities for our members including.. Earls Court Development Companyfunded an exhibition of children's photography on it5 hoardings Cadogan Estates hosted and funded the annual photography exhibition with artist Alison Jackson V&A, Natural History Museum. Design Museum hosted and provided free opportunities for local young people Royal Albert Hall, National Theatre. Roy31 Court Theatre provided free ticket5 Imperial College London, Morley College, Royal College of Arts provided free venue space5 and opportunities Goldfinger Designers. Creative Networks. Nooh Studios provided in kind sUPPOrt. Our partnerships with public and voluntary sector partners provided essential support including working with.. KENSINGTON AND CHELSEA YPF (A Charltable Incorpofatsd Or9aniS•tion No. 1185156> RBKC to funding and support for the voluntary sector working with teams including Commissioning, Holiday Activities and Food, Early Help, Short Breaks. Local Offer, Community Safety, Communitie5 and Youth Participation the NHS to deliver grant programmes the police to provide support to members with youth diversionary activities and community cook off Kensington and Chelsea Social Council, Volunteer Centre KC and the K&C Foundation to advocate for and support local voluntary organisations and the children and young people they Se￿e. Training and Networks This year we organised IS training and networking sessions, attended by over 60 of our member organisations. funded through our partnerships with the K&C Foundation. Young Westminster Foundation and City Bridge Foundation and Li8htbulb Trust. Designated Safeguardin£ Lead, May 2023, 15 people Being Heard, May 2023, 10 people RBKC Youth Review workshop. June 2023. 30 people Writing Safeguarding Policies and procedures. June 2023. 16 people Youth worker forum, July 2023, 30 people Paediatric first aid, July 2023. 6 people RBKC Youth Review follow up workshop. September 2023. 30 people Youth worker forum. October 2023. 27 people Our City training for supplementary schools. October 2023. 8 people Meet the Members, November 2023, 30 people Introduction to Cultural Competency. November 2023, 25 people Understanding your safeguarding policy for supplementary schools, December 2023, 10 people Battling burnout, January, 14 people K&C Together week. theme about young people, February, 25 Health and Safety online (with RBKC and Westminster City Council). 150 Capacity building support During the year, Young K&C provided 1-2-1 advice and support to member organisations as and when needed. During the year, we made over l(Xl visits to member organisations and provided support with: charity fegistration introductions to funder5 budgetinE and financial advice governance and management information finding venues for activities KENSINGTON AND CHELSEA YPF (A Charltable Incorporated or9on1￿￿￿n 140. 1185156) policy and procedure development communications and marketing support and signposting to sources of expert advice including Safeguarding, guidance from National Youth Agency and Play England. HR and free legal support from Russell Cooke lawyers. AMPACC financial sUPPOrt project With funding from John Lyon's Charity, Young K&C and nine of our members took part in the AMPACC project with Clear Thinking Consultancy. This enabled members to gain a better understanding of their costs and to increase their ability to ask for funding on a full cost recovery basis. Comments from members include: "It has been great experience to be able to acce5S the invaluable support System through the Young K&C. This has included training courses, the opportunity to network and share good practice and also funding. We are very proud to work with Young K&C." "Overall, love working with you and very grateful for our continued support and training opportunities." "Working with Young K&C has been splendid, really appreciate the training- tt is being put to great use and seeing how it's been transferred across other activities we offer." hank you so muth for your help with the job description bits. The reassurance alone was a massive anxiety relieverl" hanks for taking time to look through lour Safeguarding policyl. Always good to get updates and an objective view." "I can't thank you enough for your support with the Ofsted issue." Elevating voices of our members and the chlldren and young people they work with Young Ambassadors and Youth Voice Gronts 5 local young people. aged between 14-19 were hired by Young K&C to become Young Ambassadors. The Young Ambassadors play a key role in delivering Young K&C's grants to young members by taking a youth-led approach to decision making. Young Ambassadors visited 16 member organisation5 to asse55 their applications across 3 grant programmes (Makin8 Space. Our Choice and Exploring Culture. Heritage and Identity). Actin8 as key decision makers through the grants, the Young Ambassadors centred the needs and voices of children and young people within the grant process. Their assessment provided io KENSINGTON AND CHELSEA YPF (A Chèrltable Incorporated Oryanisatlon No. 1185156) feedback to the organisations on areas of improvement to make sessions more inclusive for youn8 service users. Additionally Young Ambassadors conduced monitoring visits to succe55ful grant applicants to ensure youth voice was incorporated from grant application to delivery. "Being a Young Ambassador has equipped me with the tools to effett positive change and continue advocating for youth development." WeGotU Young K&C delivered We Got U U Got This in partnership with the Royal Borough of Kensington and Chelsea and Westminster City Council to create community-led videos to increase early intervention foi mental health. Young K&C hired a young local videographer to consult with local young people and member organisations and create 5 short videos exploring the impact of local mental health services. As part of the consultation. 6 young people with lived experience of mental health service5 advised on what key issues surrounding mental health were for young people in Kensington. Chelsea and Westminster. Videos signposted young people to lotal service5 that support their mental health and wellbeing including: SASH Isexual health and advice) Kooth lonline mental heamh resources) CAMHS Ichildren and adolescents mental health servicesl Fit For Life Youth, Chelsea FC Foundation (physical aciivity and wellbeing) Portobello Dance and Performing Art5 Icreative arts and wellbeing) Over 2,OCK) unique users visited WeGotU following a 3 month roll out of the videos through online and print distribution across community centre. housing estates and schools. "It'5 great to be working in the community I grew up in and discovering all the amazing services on offer to young people acros5 KensinEton & Chelsea and Westminster. I hope these videos will encourage more young people to get involved and continue the conversation about mental health.. Communications and Marketing Our City website In 2023-24. the Our City web51te Ihtt ourcit .or developed in partnership with Young Westminster Foundation, provided a platform for 118 Young K&C members and partners to promote over 400 projects connecting local young people to activities taking place in their local area. 9.960 users visited the site from June - August as part of our summer holiday promotion. 21 members were provided 1-2-1 support in uploading their organisational details and activities onto Our City to increase their organisational capacity, allowing small voluntary organisations free 51te to host activities, take bookings and increase outreach to local children and young people. li KENSINGTON AND CHELSEA YPF (A Charltable Incorporated Oryanisation Mo. 1185156} Young K&C website The Young K&C website hti kandc.or -uk I hosts information on training, funding and resources available for Young K&C members and community organisations to SUPPOrt their capacity building and organisational sustainability. oun In the year 2023-24, over 10,SOO u5er5 Vlsited the site. Top pages included funding opportunities for voluntary organi5ations, job opportunities available for youth and play workers and the directory of member organisations. Young K&C newsletter As of 31 March 2024, the monthly Young K&C new51etter had an audience of 309 individuals with connections to Kensington and Chelsea. The monthly newsletter has been developed to intlude funding opportunities for VCS organisations. job opportunities and showcase local events and news stories. The newsletter has an average open rate of 59% and click through rate of 18%, compared to 56% and 11.2% in 2022-23. Social medio Young K&C hosts 3 social media platforms= X, Instagram and Linkedln. Each platform provides content for member organisations, partnefs, local children and young people and the wider community across Kensington and Chelsea. As of March 2024, X was Young K&C's best performing social media channel with 1154 followers, a 16% increase f rom the previous year. Top performing posts often include training opportunities and grant announcements for Young K&C members. Advocacy and Representation Young K&C continued to advocate for and with our members through a range of local fora including Early Help Partnership, Education Partnership, Youth Crime Partnership. the Local Safeguarding Children Partnership's Children and Communities working group. and through our ongoing partnerships with the police, NHS, local funders and businesses. Day In Your Lile Photography We worked with local artist Alison Jackson (Double Take Creativel and 7 Young K&C members (Dalgarno Trust, Earls Court Youth Club, Fit for Life Youth. Harrow Club, London Sports Trust, Solidarity Sports and St Marfs Ukrainian School) to deliver 30 photography workshops. with funding from K&C Foundation and Cadogan Estates. Additional opportunities for young people were provided by the Design Museum and the science Museum. At least 4¢X) young people took part. Over 100 photos were shortlisted, professionally displayed at an exhibition and prize giving at Cadogan Hall. After the exhibition, the photos were hung in the youth clubs. 12 KENSINGTON AND CHELSEA YPF (A Charlt•bl• Incorporated Organlsation Ho. 1185156) Thank you We would like to thank all of our members, partners and funders including John Lyon's Charity, Royal Borough of Kensington and Chelsea. Kensington and Chelsea Social Council, Kensington and Chelsea Foundation. Lightbulb Trust, Julia Rausing Foundation, Volunteer Centre Kensington and Chelsea, Cadogan Estates. College of North West London NHS Trust and Earls Court Development Company. We would like to thank all of our donors, including the organisers of Abdingon Coronation Street Party for their generosity in making a donation to Young K&C. We would also like to thank Mark Husson for his generous donation of funding for cameras and priies for young people taking part in Day in Your life Photography competition. Most of all, we would like to thank our members, the voluntary organisations of Kensington and Chelsea that work tirelessly to create better opportunities and futures for local children and voung people. Future Plans During the coming year Young K&C plans to continue to work closely in partnership with local voluntary and community sector, public sector and private sector organisations in Kensington and Chelsea to develop and promote better opportunities for children and young people. Plans include= Developing Young K&C's grant5 funding programmes including= Core funding for local youth clubs and community adventure play in partnership with RBKC Connecting Young K&C Grants for small organi5ations. in partnership with John Lyon's Charity o Working with RBKC to support development of the Holiday Activitie5 and Food programmes during School holidays o Grant funding and training to improve inclusion of disabled young people in partnership with RBKC and the Julia Rausing Foundation Grant f unding for supplementary schools in partnership with John Lyon's Charity and Lightbulb Trust o Providing grant funding and training to support reduce risk of eating disorders in partnership with the NHS Developing our Youth worker forums and delivering a programme of training and support for local voluntary organisations with funding from John Lyon's Charity, RBKC, London Propel, City Bridge Foundation and Young Westminster Foundation Developing our support for supplementary schools, with funding from John Lyon's Charity and Lightbulb Trust Organi5ing the first Youn8 K&C Achievement Awards 13 KENSINGTON AND CHELSEA YPF IA Charitable incorporatsd Owènisation No. 1185156) Developing our Young Ambassadors programrne Developing our communi¢3tions and 3ilvocacy work including launching a new film, We are Young K&C, in partnership with Media Trust and John Lyon's Charity Organisin8 a Day in Your tife photography projert in partnership with Alison Jackson, and the K&C Foundation Financial Review Total net incoming resources for the year was £907,138 Icompared with £902,739 in 2022-231, details of which are shown in the Statement of Financial Activities. Total expenditure for the year was £879,499 Icompared with £840,781 in 2022-231. The balance of funds at the end of the year was £243,063 Icompared with £215.423 in 2022-231. The balance of Ltnrestricted funds carried forward includes a General Reserve of £154.287 (compared with £82,$48 in 2022-231. Fund$ and Reserve5 The trustees have carefully considered the Chariws needs to hold resetves for dealing with unforeseen circumstances and. to the extent that further funds permit. for investment in future activities. We have decided that a target level for the General Reserve should be the equivalent of between 3 to 6 months of annual organisational njnning costs. Our current level of reserves is equivalent to 6 months running costs. Approved by the Trustees and signed on their behalf Andy Evans Chair Date: KENSINGTON AND CHELSEA YPF IA Charitable Incorpordtsd Oryanisation No. 11851561 Independent examinerfs reportto the trustees of Kensington & Chelsea YPF (Charity No. 11851561 I report on the accounts of the charity for the period ended 31 March 2023 which are set out on pages 16 to 26 of the Trustees Annual Report. Respective responsibilities of trustees and examiner The charity's trustees are resp")nsible for the preparation of the accounts. The charit*s trustees consider that an audit is not required for this year under sertion 144121 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to= examine the accounts under sertion 145 of the Charities Act,. to follow the procedures laid down in the general Dirertions given by the Charity Commission under section 1451511bl of the Charities Act- and to state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance wsth the general Directions given by the Charity Commission. An examination includes a review of the accourhting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the next statement. Independent examinerfs statement In connertion with my examination. no material matters have come to my attention.. which gives me cause to believe that in, any material respect= the accountinÉ records were not kept in accordante 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 reqU1￿MentS concerning the form and content of accounts set out in the Charities (Accounts and Report51 Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not matter considered as part of a'i independent examination . I have come across no other matters in connectioft with the examination to which attention should be drawn in this report in order to enable a proper understandin8 of the accounts to be reached. Ily Maisanda ACMA, CGMA (Chartered Management Accovntantl Date:11 December 2024 KENSINGTON AND CHELSEA YPF IA Charitsble Incorpornted Organisation No. 118515fj) STATEMENT OF FINANCIAL AcnviTIES INCLUDING INCOME AND EXPENDITURE Accoupir FOR THE YEAR ENDED31 MARCH 2024 Total Funds 2023 Plote5 hds Funds Total F￿ndS 2024 Income and Incl￿1￿¥ Resources Oonation5 and Legacies Iiwesiments 256 649573 9)6.456 902.293 445 Totwl InGome Resou￿e5 257.565 649.573 gJ7.138 901.739 Resource5 Expended Dirett Charitsb￿ expÈndIt￿t FLY)draising and publicity Mana8emeni. Gove¢nan¢e¥nd admi￿lfa110n 166384 9￿51 6925 858,963 9.851 10,684 832,176 2,676 4522 Totsl Resou￿esExPeDded 184.243 695.256 879,499 B40,781 Net Incornorflourgoiry) ResoU￿e5 73.3 45.683 Z7.635 61,957 Transfers between l￿d5 L584 Net muvernent in 7Ln9 144.0991 27.639 61.957 Re{o￿lI13tH)n of fundk. Total funds kv0￿h1 foThYaid3t I 2U23 81Y8 132*75 215.423 153,466 Total fuThth cJrriedf0ry4ard •$ 31 Ktsrch 2024 154.287 88.776 243.063 215.423 KENSINGTON AND CHELSEA YPF (A charitab￿ ￿COrpOrated Oryanisation No. 1185156) BALANCE SHEET AS AT 31 MARCH 2024 2024 2021 fvAed Assets Tangible assers Curyeni A￿ts Debtor5 Cash at bank arvj in hand li 33,392 4CKI.297 433.689 373,639 373,639 Total CurrentA5se5t5 CutTent LiabilitiÈs Amount5 falling due within onEyear 12 19).626 158.216 Total Current Li3Eilit￿s 14J.626 158.216 Net CuYYentA5setS 243,062 215.422 TotslAssets LessCYry￿t Liablitle5 243. 215,423 Funds Restricted incornE funds Unrestricted Fund5 14 15 88.776 154.287 132,875 82,548 TOTAL FUNOS Z43. 215,423 For the flnarKial yèar er￿ed 31 March 2024 the compBty was entrtled to exeinption Irom a￿11 ￿der section 477 Comparues kt 2(Th relaiirq to small cornpan*s. No rnember of company has depDSited Th)t￿e, pursuant to section 476. rewirire an a￿lf( of these financhil staterrents under the requirements ofthe Companies Act 2LK>6. The d1￿CtorS acknowl* their re5ponstrAlity f0renyJri￿ thai ￿ company keeps accounti￿ records which comply wffh sertion 386 Jfihe kt and for preparing finantial staterneThts wh￿h give a fasr view ofthe state ofaffairs of company as atthe end ofihe fina￿131 yea¢ and of it5 profit or k)ssforthe finèncial year in accordarKe with ihe requirefr*nrs of Sections 394 and 395 and whKh Ot￿rWISe complv wrch the requirements of Companie5 kt 20C6 relating to accounts. so far as applicable to the company. These fina￿131 statemeirts have been prepared in accordance with the prowsi0Th5 applicable to companies subject to th2 smèll cornp3Thes wme within Part IS of1￿ Companies and In accordance wr(h. FRS 102. On behaw ofthe Boord and sI￿d on its behalf dated- Andy Evans cH￿R 12-11-£(t 17 KENSINGTON AND CHELSEA YPF (A ChaTltsble Incorporated Or9anbation NO. 118515fj1 STATEME1￿ OF CASH FLOWS FOR THE YEAR ENDED 31 MArtCH 2024 2014 Z02J Cash ler￿ared fromllabsothj by) owaiKbn5 25.976 2ZZ,734 Irhv•stinl*tNtttes Investment I￿ome re¢dve 44S 445 Net ￿5fv u5e4 Inffin¥rtknia(th￿s Net In￿¥50￿d￿+aS¢Dkn r•%h•nd c•th¢q￿¥￿eThts 26￿8 113,179 Cash afvdG￿h egufvalenr5 •t bEwntW4ofye 373,639 150.4fj0 400.297 373.639 KENSINGTON AND CHELSEA YPF {A Charltablt Incorporated OryanbSatl¢)n r40. 1185156) NOTES TO THE FINANCKL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 l. kcountin8 pditits Charity information Kensington and Chelsea YPF is a Charrtable IrKorpDrdted O￿anIS3t￿)n iaoi. 1.1. Atcountlng eon¥ention The financial ststements have bEen prepared in accordance with the Ken5Lngton and Chelsea YPF'S Charitsble Incorporated Organisation AssouatsoTr. the Charities Ad 2011 and"Ac£ounting and Reporting by ChèrSties.' Statement of Recommended Practice applicable to tharities preparin8 thelr accounts in accordance with the Financial Reporting St3ndard applicable in the UK and Republic of Ireland IFRS 1021 leffertNe l January 20191.. The Kensington and Chelsea YPF is a PublK Benefit Entity a5 defined by FRS 102. The financial statemen¢5 have departed from the Charities (Aciounts and Ileportsl Regulations 2￿8 only to the extÈnt required to provide a true and fairview. Thi5 departure has invofved following the Statement of Recornrnen(S Practice for charities applying FRS 102 rather than the version of the Statement of Recommenised Practice which is referred to In the Re8ulations but whKh has since been withdrawn. The finanrral statements are prepared in st*rlin& which is thefijnctional currency olthe Ken5in8ton and Chelsea YPF. Monetary amounts in these finan£ial siarements are rounded tothe nearest £. The financial ststements ha¥e keen preparÈd underthe hkstorical cost£onventloTh, mod￿ed to include the revaluation of freeh&d properties and to inilvde invesEment properties and certain financial instruments atfair value. The principal accountiw po4icie5 adopied are set out below. 1.2. GoiThg concern At the time of approving the finanoal 5tstÈments. the trustees have a reasonable expettation that the Kensington and Chelsea YPF has adeouate resour￿5 to conrinue in operath)nal existence for the foreseeablehjture. Thus the trustees tontinue to adoptthe 8oin8 concern basis of accounting in preparing the finanaal statement5. 1.3. Charitsble fvnds Unrestrirted funds are availawe for use atthe disueifjon of the trustees in furtherants of thwrcharitable objettives. Restricted funds are subjed to 5pecifK condftions by donor535 to how they rnay be used.The purposes and uses of the re5tri£ted funds are set out in the notes to the finantièl siatements. 1.4. Intorne Income is retognised when the Kensington and Chelsea YPF is legalty entttkd io it afterany perforrnance conditio¢)s have been met, the amounts can be me3sured idiabty. arbd it is probable that Income will be recwved. Grants are recognised in thefinancial statements when due. Don3tior& are recolnised when received. Sales are recoKnised when the related service5 have been provmled. Cash donations are recognised on receipt. Other donations are re(ognised oncethe Kensington and Chelsea YPF has been notified of the donatim, unlesi perforrnance conditions require deferral of the atnount. Income tax recoverable Iri felation to d¢)nations re￿Ned under Gift Aid 01 deeds of CO¥￿an1 is iecLV4nised aithetime of the donation. Legacies are re¢o8nised on receipt of otherw15e if the Kensington and Chelsea YPF has been notified of an irnpending distribution, the amount iskrthm. and receipt is expected. If the amount 15 noi known. the ￿KacY is treated as a contingent asset. KENSINGTON AND CHELSEA YPF IA Charltabl* In¢orporat*O Oryadil$atlon No. 118$1s6) ountl￿POlICteS Itont.) 1.5 Expendr(ure Expenditure is accounted for on an aciTuals basis ar￿ indudes irrecwerable VAT. Grants payable are reco8ni5ed as expenditure when payment is due to the partoerorgani5avon in accordance the terms of the agreemeni. 1.6. Cash and cash eqU￿alents Cash and cash equivalents include cash in hand. deposits hdd at co11 with bank5. Other 5hort-tefrn liquid investments with ori8in31 maturities of three months or less. and bank overdrafts. 1.7. Financial Instruments The KensinBton and Chelse3 YPF ha5 elected to apptythe provisions of Settion Il'Basic Finanoal lThstruments' and Section 12 '0ther Finan£ial Instrumtrnts Issues. of FRS 102 to all of its financial instrument5. Finèncial instruments are r￿0$nISed In the Kensinnon and Chelsea YPF'S balance sheet when the Kensington and Chelsea YPF become5 partyto the contractual provisions ol the insirument. Finèndal assets and liabtlities are oftset. the net anM)unts presented in the financial staternents. when there is a le8ally enforceable riEhr EO set off the reco8ni5ed amounts and thefe is an intention to 5etde on a net basts or to realise the asset and settle the lialmltty 5irnultanÈouslv. Ba51r financial a55ets 8asi¢ financial assets. which include debtor5 and (ash and bank balances. are initialty rneasured at transaction pri including transaction costs and are 5ubsequentty cafried at amorused cosr using the effective interest method unless the arran8ement Wn5titutes a financin8 transactkin, where the tran5adion is measured at the present value of the future receipts distounted at a market rate ol iThterest. Financial assets classsfied as re￿1¥able wthin oneyear are not atnortised. 8aslc fiThantial Ilabllltles Basic financial liabilit*s. includingcieditorsand bank loans are inft￿l￿re¢ogThI5ed attran5action prKe unless the arrangement constitutes a financingtransaction. where the debt instrument is measured at the pre5entvalue of the future payments discounted at a Ma￿e1 rate of interest. Fjnancial liabilitie5 cla55tliEd as payable within one year are not amort15ed. Debt inttruments are subsequÈntty cathed at arnorti5ed COSL using the effertive iThterest rate rnethod. Trade fTedltors are Obl￿ationS to payforBoods w 5etvices that have been acquired in ihe ordinary course of operatlons from SUppl￿r%. Amounrs payable are dassified a5 Current liabilities if payrnent is due within one year or less. If not, they are presenred as Th0n￿u￿re•r liabilities. Trade tyeditors are re(08nised initkAllyat transaction price and 5ubsequentty rnea5ured at am¢rttsed c05t USI￿ theeffective ifttwest method_ Oer￿OI￿ltioTr of ffirtancoal Ilabili¢i¢s Financial l¢abilitie5 are derecognised when the Kensington #nd Chebea YPV5 ci)ntractual obligatK)ns expire or are discharged or cancelled. 1.8. Emplwre be￿fftS The c05t of any unused holidayentrtlemenl 15 rewgnised ITh the period in whith the employeÈ's seryices are received. KENSINGTON AND CHELSEA YPF (A Charitable Incorporated Oryan6satlon No. 1185156) coufitlng polKie5 Icont.) Termination benefits are recognised immedi3tely as an expense when the Kensington and Chelsea YPF 15 demonstrably committed to terminate the ern￿0Vment of an employee or to pi¢)vide termination benelits. Crlllcal atCOUntin8 estimatÈ5 and jut*ernents In the application of the Kensington and Chelsea YPPS accounting policies, the trusiees are required to make judgements. estimates and assumptions about the carryingamount of assets and liabilitie5 that aTe not readily apparent from other Sources. The e5tima¢e5 and associated a55umpiions are based on historical experience and other factors that are considered to be relevant. Actrjal results may differ from these estimates. The estimates and underlyiw assuftiplions are reviewed on an ongoin8 basis. R*isions toaccounting estimztes are recognised in the period in which the estimaie is revtsed where ihe revision affects only ihai Feriod. or in the period of the rETrA5ion and future periods where the Tev15ion affèrt5 both current and future periods. Funds 2013 TOTAL 2023 Donatiohl and ￿a<￿S ZQ24 1014 2021 DoftJtiQn5a￿Pft5 GtèntinCON* Loral AL￿￿[1￿ Contract IrKorn Ot￿r 7.78$ 107SOJ 104392 219 IS256 JS28S 3ao316 523.149 21950 15256 223Jk6 414757 87 197.5 654,231 ioA 40.562 576.731 40.$62 ZL5.562 649.sn Fundk TofAL fjr4nt5r¢c¢rAtle¥Jere." 24 2024 201a JphnLytsn'sChar1￿ Core JpknLytsrt'sChil￿Y. CO￿5￿0(￿r¢s John Lyon'sChaThY. John Lyon'sCb•rty. AmP￿c ThLi8hI￿1bTruSt. OaylnYoLrLrf 1075 107.SCO 87.5 15.L 15.0 14.yo DJylnYoLrL¥e Cado8an E51*1¢$L￿ DaylnY<)LYLrfe EaAsCourtc￿k￿p￿￿DtQ5￿Pty. OaylnYouiLlft Jul1•4ndwa￿ R<￿￿Tr￿- YouwWe5tirin5torFOundat￿￿. L￿Vp}YrOJthW￿￿ rtr*LK8htbU1bT￿-9J￿le￿K3tysC￿0lS Foun&t¥)n. 19.744 19.?44 3ILXXJ J&637 IS.￿) 15.LV) xwo 197. KENSINGTON AND CHELSEA YPF (A Charitable In£i)rptsrated Oryanisation No. 1185156) RertlKted TOT 2023 202> Ro¥•1 8or0WKe￿r•o￿ITh1ChÉb*a (R0￿￿c0￿¢ IOVg2 315.757 55JKKI 77,50) 413.717 49.014 315.757 55x0) 413.717 R8WC- LatKa51erYoulhC R8K&C.Out4edYoLryPeo 65.970 65.970 4W757 S23.149 576.731 654.131 Interest Ind Investment Inyees 23 KENSINGTON AND CHELSEA YPF IA CharitalAe Intorporated Oryanisation No. 1185156) ii. Debtots 2024 2023 Trade debto¢s Prepayment5 and accr￿￿ iwKome 33.392 £ 33.392 Llabllltle5 Fal￿8 I￿E Wrthin One Year 2014 2023 Trade creditors Taxation, social seCudtya￿l pension contiitwjlions Accrua15 Deferreé Incorne Other creditors 5.73S 5.724 7.152 4.364 13 178,167 145,7(M) £ 190.626 l58.216 Deferred Income r￿0￿¢110110Th 2024 2023 Balance bro￿ht forward Amount re￿aSed Arnount deferred forthe year 145.71N) 1145.71KII 178.167 155,71)0 I155.7￿) 145.71Y) Balance carried foAvard £ 178.167 145,7 Monies invoieed under performnce related 8rants have been deferred where appropriate KENSINGTON AND CHELSEA YPF IA Charltable intorporated Oryanlsatlon No. 1185156) 14.Restrkted Funds Thp income funds ofthe charlty Includerestritted furtds tompriSingtTr*foknwni unexpended balances afdonat￿n5 and gr¥at5 held on trust for speclfic purposÈs'. Nettransfer from nre5tricted aosinz Balance fund$ a$ at Jl-Mar-24 Opthing Batance • Ji- Mar21 Curr•ni Year 202>14 Income Expondknr¢ AMPACC Core small Grants HAF 22123 HAF 23124 Connecting Youn8 K&C Lancaster Youih Club Day In Your Lrfe Disabled Young Peok4e Helwns Harvj Hub Level Upl Youth Wo pplementsry5chools Mental He0￿h 18A (18.1x￿) 51,481 3.869 J8.746 34.964 516 $1.481 13WI 1332.5041 150,0301 153,18BI 171.7461 182,2011 19601 119,8281 140,C#)JI 122,9301 1695.2561 315.7S7 11.9991 34.934 1329 437 791 55K 72.184 1.992 960 I8￿32 11,1961 J9.347 3.583 L584 TOTAL 131875 649.573 8&775 Restricted fund5 relate to Rrart5 r￿eNedfOrS￿Wf7¢ eX￿%￿l￿￿ew￿chh3S nDt been fvI￿ utilised at the balance Sheet date. Nettransftr frgm unrestvkted Closkn¥ B•lan¢¢ funds as at 31-Mar-23 8albnce at31- Mar 22 Prioryear 2022.23 Incorn• ExpenditurÈ Small Grants 44.481 17.144 15,C 366.9$1 46766 18.W)I 1380,2261 I28￿20) 146.7201 149.0441 51,481 3.869 18,746 34,964 516 HAF 22123 HAF 23124 Connertin8 YouhÈ K&C LanG75ter Youth Club Day In Your Life Disabled Young PeoK4e Helpinz Hand Hub ntsl Health TOTAL 31.684 516 49.044 145.(X)81 114.0401 146.6231 1647.6BII 2,992 960 19,347 132.875 15.iK4) 65,970 686.731 KENSINGTON AND CHELSEA YPF IA Charitable Incorp¢)rated Or¥anlsatlon No. 118515fj) IS. Ana￿￿$01 net assets betwetn fvnd5 Tol Total funds lunds 2023 2024 2023 2023 FsJnd baLincesar 31 MJrCh2¢￿4arEvePreSenttd ￿.. Current a55etsllliaLylknesl IS4.287 88,776 243.C63 43.497 171?Z6 215N23 1S4.287 88.776 243.1 43,497 171,926 21S.423 l& Incw¢ from Benef31 d01￿110￿$.dOrt1ted ￿0d5 and donated seThires We are very gratelul to the many individuals and ihe or8ansation5 who havÈ supported ourwork through donati￿5 and fundraisin8 events. 17. Related party transatt1o￿% During 2023124 there were no Rdated PartyTnnsathor 18. Cash 8enerated from operotKbns SUw1￿/1defKltI forthe year 101.640 61957 Adjustmentsfor. Investrnent i￿ome fftco8n￿ed in statemerrt of financial aCtnrit￿s Movements in working¢awtsl- Ilrfreasel in debtor5 IDecreaseVirKrease in crethtors InC￿35e in deferred i￿OrnE 1333921 158542 1571 11680 1415331 110.(WI Cash zÈrberaie¢ fromllabsothd byl opqrath)ns 26.658 223,179 . Oebt Kensington and Chelsea YPF had no debt during the year.12023= £01