REGISTERED COMPANY NUMBER: 11953689 (England and Wales) REGISTERED CHARITY NUMBER: 1186059
Report of the Trustees and Financial Statements for the Year Ended 31 March 2023
for Youth Connect South West
Sumer Audit Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
Youth Connect South West
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 7 |
| Report of the Independent Auditors | 8 | to | 10 |
| Statement of Financial Activities | 11 | ||
| Balance Sheet | 12 | ||
| Cash Flow Statement | 13 | ||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 26 |
Youth Connect South West (Registered number: 11953689)
Report of the Trustees for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To act as a resource for young people up to the age of 25 living in the United Kingdom by providing advice and assistance and organising programmes of physical, educational 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; (b) advancing education; (c) relieving unemployment; (d) providing recreational and leisure activities in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
The promotion of social inclusion for the public benefit by preventing young people from becoming socially excluded, relieving the needs of those young people who are socially excluded and assisting them to integrate into society.
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Youth Connect South West (Registered number: 11953689)
Report of the Trustees for the Year Ended 31 March 2023
OBJECTIVES AND ACTIVITIES
Significant activities
The charity aims to support young people in Bath and North East Somerset (B&NES) and the South West by providing high quality, excellent programmes for young people, we believe by developing and growing the organisation we can reach more young people and their families/carers to enable them to grow to be the best they can be. Our Vision and Mission are:
o Vision - Delivering inspiring youth services that young people want to be part of
o Mission - Supporting young people to enjoy today, prepare for tomorrow and become the people they want to be. o Values:
Keeping young people safe - working in the best interests of young people and putting them at the centre of everything we do
Collaboration - working with families, communities, and other stakeholders to make things better for young people. Meeting expectations - going "the extra mile" to support young people. Inclusion - being there for all of those who need us.
Determination and creativity - modelling the importance of trying new things, continually learning, and never giving up.
The organisation works with young people through a range of different programmes:
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Alternative Education for young people with SEND.
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Employability
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Early help
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Youth work
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Southside Youth and Community centre.
Through the activities of the charity, we were honoured to be named Bath and North East Somerset Charity of the year.
The range of issues have similar to the last few years but have intensified, the ongoing impact of the pandemic 12 months on we are now seeing how the isolation and lack of education during this period has impacted on young people, many with delayed educational attainment and increased mental health issues.
Other ongoing issues include:
- Poverty and inequality has increased, the cost of living crisis has impacted on us in a number ways, fuel poverty, increased food costs and a further digital divide.
In their 2022 Strategic Evidence Base for Bath and North East Somerset report, B&NES Council estimates across the region there are 4,000 people who will fall into absolute poverty in 2022/23, of whom 1,500 are children". Two areas of B&NES are in the top 10% of most deprived areas Twerton and Whiteway.
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Rural isolation, access to transport as we develop more work in rural communities, we have seen how these impacts
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on young people's lives.
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Access to mental health services for young people are particularly acute with many waiting over a year for a CAMHS assessment.
-Rates of hospitalisation are and comparatively high for:
o Under 18 mental health
o Under 18 alcohol conditions
o Eating disorders o Self-harm Particularly for girls and young women"
The Training and Induction policies have been reviewed and updated, we are making better use of the staff intranet (staff portal) to ensure staff have good access to policies and procedures. The training plan sets out the organisations intentions to develop and train staff, with core training and development opportunities.
Equality, diversity, and inclusion policy has been reviewed and became a core part of the strategic plan. Trustees and staff have received development and training from the Belonging network, which has helped us ensure this theme is embedded throughout the organisation.
All programmes are monitored and evaluated through a quality assurance system, with annual reviews. Teams and staff are set targets which are monitored by line managers in team meeting, supervision, and quarterly reporting.
All young people interventions are recorded on a core database and reports are produced on a quarterly basis.
Quarterly reports include evidence of meeting numerical targets as well as case studies hi lighting good practise. Newsletters are produced by all programmes internally and externally, these are aimed at staff, young people, funders, and the public.
Staff performance and sickness are discussed at management meetings and reported to Trustees quarterly meeting via the Human Resources (HR) subgroup.
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Youth Connect South West (Registered number: 11953689)
Report of the Trustees for the Year Ended 31 March 2023
OBJECTIVES AND ACTIVITIES
Staff are also supported by an employee assistance and wellbeing programme.
Staff welfare has become particularly important and now some staff receive facilitated group supervision, which staff find very useful.
This year the Peoples Pension employee contribution remained the same at 6%.
Public benefit
The Trustees have paid due regard to the Charity Commission's Guidance on Public Benefit in deciding what activities the charity should undertake. The Trustees consider that they have acted in the public benefit.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Charity has met its charitable objects through the activities of the organisation. The organisation restructured to be able to support organisational growth, this enabled YCSW to grow by 20% in this financial year.
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The Early Help commissioned contract with B&NES Council is maintained and delivering high quality outcomes for young people, we are coming to the last year of this contract and preparations have started for the recommissioning of this important contract. The contract has increased in value with the addition of support for young people who are part of the virtual school group.
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Southside youth and community centre has had a successful year, with the increased popularity of groups and events developed by the Bath Spa internship, this partnership is providing very fruitful, bringing lots of great creative opportunities such as the Community festival and Christmas fair to the centre and the local community as well as the engagement of many university students, bringing Bath Spa to the Whiteway community.
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Alternative Education - This programme now hosts over 100 students over the course of the year, outcomes for students on all programs are incredibly positive and we are excited about the further development opportunities that this many bring.
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Early help has been extended with specific pieces of work supporting vulnerable young people, including hospital educated and home educated young people young people in the virtual school's team and West of England (WECA) funded programmes supporting vulnerable leaners in year 10/11.
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Employability - The establishment of the city centre space has meant we have been able to offer regular daytime drop-in sessions for unemployed young people, this work has developed slowly but steadily. NEET and Not Known figures with in acceptable limits for the area and the team are working hard to bring them down as low as possible.
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Youth work has grown and developed with the emergence of opportunities outside of the B&NES area we are now delivering in Chilcompton and Henstridge and are supporting the areas of Bruton, Castle Cary and Wincanton to develop their youth work offer via a research project. B&NES Community infrastructure levy funding and Town and Parish Councils continue to who fund this work in B&NES. We were successful in bidding for Safer Streets funding to develop work in Bath city centre supporting the new youth space and work violence against girls and young women.
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The most serious event of our year was the murder of a young people in the Radstock area which was well known to staff on a professional level but also through personal connections. This impacted on the whole organisation, the way the staff responded to this terrible situation was amazing and I could not be prouder of the way we dealt with and reacted to young people, parents, and other stakeholders.
FINANCIAL REVIEW
Financial position
The organisation has had a successful third year and accumulated a surplus, this has meant the organisation has been able to place significant funds in reserves ensuring the future sustainability of the organisation. This has led to further development in the infrastructure to meet the demands of a growing organisation.
The core contract currently underpins the financial stability, but the financial risk has been spread across all programmes, as we head in to the last year of the core contract before commissioning.
Restricted funds in relation to grants and government restricted funding are £88,444 as at 31 March 2023.
The key significant event this year re financial was the departure of the financial manager and the move to digitalise all finances using XERO software. This has been problematic at times. The organisation has now appointed a new financial manager who started in August.
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Youth Connect South West (Registered number: 11953689)
Report of the Trustees for the Year Ended 31 March 2023
FINANCIAL REVIEW
Principal funding sources
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Early Help commissioned contract with Bath and North East Somerset Council
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Higher needs SEND funding with Bath College
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Youth Work funded by Town and Parish Councils a commissioning youth work and CIL funding from Bath and North
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East Somerset Council
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The Charity has also received a number of grants and donations from local and national grant funding charities and initiatives.
Reserves policy
At 31 March 2023, total funds held were £657,833 of which £88,444 are held in restricted funds and £125,000 in designated funds. Funds of £71,728 are held as fixed assets. Free reserves are £372,661. The reserve policy was reviewed and updated by Trustees.
The charity will continue to work towards developing the reserve to ensure long term sustainability.
Separate from the Reserve we have created a designated fund for transition which aligns with the end of the B&NES contract (taken from Reserve Policy):
"YCSW was established as a Public Service Mutual and its first 5 years of operation is supported by a significant contract by Bath and North East Somerset and supported through a transition agreement. At the end of the 5-year contract YCSW will need to ensure it has a lasting infrastructure and this period will be a significant transition with associated costs".
This designated fund for the transition will incorporate:
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Provision for management continuity
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IT infrastructure
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Legal costs
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Cost related to retention of Southside Youth Hub
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Other transition related costs
The target for the designated fund for transition is £125,000 by 2024, this target has been achieved and has been set aside for any transition in 2023-24, when this fund will begin to be utilised.
This figure will be reviewed annually to ensure it meets the potential costs of transition.
Further designated budgets maybe assigned within the YSCW strategic plan."
Going concern
As noted under 'Principal risks and uncertainties', the original early help commission and licences, associated with the formation of YCSW, comes to an end on 4 November 2024. This contract has an annual value of £517k and was originally the only source of income; total turnover has since grown to £1.8m through the development of wider services. There is some uncertainty about what the recommissioning of this core contract will result in, but YCSW is in an excellent position to be successful in this future tender. Whatever the outcome, reliance on this income has been significantly reduced. Key contracts for services provided by BANES have already been extended beyond this transition point and reserves have been built to manage the transition of other key resources such as property leases. Whilst this upcoming transition will be significant for YCSW, the Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Principal risks and uncertainties
YCSW has a five year strategy and business plan, updated quarterly, each program area has an operational plan. A financial risk assessment is updated and reviewed quarterly. YCSW is 4's years old and therefore coming to the 5th year of operation, most of the leases, original spinout early help commission and licenses end after 5 years on 4 November 2024. The coming year will be a focus on ensuring our leases and licenses are renewed and/or extended, the core contract will be re tendered for and we are confident that we are in an excellent position to be successful. The back room services agreement which supplies IT, CCTV, telephone services will be extended to Nov 2027.
Factors likely to affect future financial performance or position
The chief factor effecting financial position in the coming 18 months is the recommission of the spin out Early help contract, although this will not affect the coming financial year. The organisation is clearly in a strong financial position with or without this contract and we will be testing our financial stability over the coming 6 months .
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Youth Connect South West (Registered number: 11953689)
Report of the Trustees for the Year Ended 31 March 2023
PLANS FOR FUTURE PERIODS
The organisation is undertaking a strategic review of its management and business infrastructure and has restructured to meet the needs of the organisation.
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Infrastructure and systems are developed to meet the continued growth of the organisation.
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New management structure is established with job descriptions re written and regraded.
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All non JNC staff will receive a 5% wage increase and JNC youth work team will receive a pay rise alongside national terms and conditions.
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Annual leave and other leave policy has been considered and re written to meet the needs of staff on different terms and conditions of employment.
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Southside youth and community centre to continue to develop community activity to enhance the offer to local people. - Community cafe is reviewed and remodelled to ensure it is meeting community need and turnover increased to cover core costs.
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Radstock Youth centre lease is agreed and building improvements can begin.
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City centre youth space is further established, and the basement is opened for use.
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Youth Work is further developed and established in South Somerset and Dorset borders.
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Alternative Education programmes particularly Partnership for Learning new model is established and accepted.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
The constitution was amended to increase from 8 to 10 Trustees to cope with the growing needs of the organisation, one new Trustee were recruited leaving a vacancy. The chair of Trustees also changed this year, but no Trustees left ensuring stability of the organisation.
Organisational structure
The organisation is a registered charity and company limited by Guarantee. It has a Trustee who is the CEO, and one is a staff representee in line with the organisation being a Public Service Mutual.
Trustees were increased from 8 to 10 this year to meet the growing demand and one new Trustees were recruited.
Trustees meet quarterly where they receive reports from the CEO and sub committees, at these meeting Trustees will review the organisation development, receive the subcommittee minutes, requests, and act accordingly.
Policies and procedures are approved by the Board of Trustees, day to day decisions making is delegated to the CEO and the senior management team.
Induction and training of new trustees
All Trustees receive an induction pack which contains the constitution, roles and responsibilities, key policies and expected knowledge and information they need to possess to be an effective trustee. They are also sent regular updates from the charity commission, and these are discussed at the Trustee meeting. Trustee are expected to attend training provided by the local voluntary sector networks which we are members of. Trustee will be expected to undertake equalities and diversity training, safeguarding and child protection and develop knowledge and leadership in fundraising.
The organisation also joined the funding regulator and has developed a Fundraising Policy.
Key management remuneration
Trustees receive regular updates regarding any pay and terms of condition of employment changes, The senior management team developed a matrix approved by Trustees for assessing staff pay and remuneration, this is reviewed on an annual basis and referred to when creating new roles and reviewing pay.
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Youth Connect South West (Registered number: 11953689)
Report of the Trustees for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Relationships with related parties and any other charities and organisations
The organisation is a member of the following networks and organisations: - 3SG - Fundraising regulator - VOSCUR - Disability Confident employer - Good employment charter - Children's and young people network - SW regional youth work - Somerset Youth Work Alliance - Twerton and Whiteway Network - Learning Partnership BANES - Business West - West of England Combine Authority (WECA) Other charities and organisations we are in partnership with - Bath City Farm - Creativity works - Creative Twerton - Little lost Robot/Emerge - The Naturals theatre company - Off the Record - City of Bath College - Project 28 - Avon and Somerset police - Bath and North East Somerset Council - Serious Youth Violence unit and Safer Cities - Bath Bid - Avon and Somerset Police - Radstock Town Council - Mid Somer Norton Town Council - Timsbury Parish Council - Paulton Parish Council - Westfield Parish Council - Chilcompton Parish Council - Henstridge Parish Council
The organisation works with other network members to deliver its charitable aims and draws up terms of reference and partnership agreements to help ensure the work is delivered successfully. If there is a lead partner, and financial involvement a contract will be drawn up.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Fund-raising Standards Information
The charity does not carry out significant fundraising activities and does not undertake direct marketing. All fundraising activities are monitored by the CEO and the Trustees and a Fundraising Policy is in place. The charity does not use a professional fund-raiser or commercial participator. The charity has not received any complaints about its fundraising.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
11953689 (England and Wales)
Registered Charity number
1186059
Registered office
Southside Youth Hub Kelson View Whiteway Bath BA2 1NR
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Youth Connect South West (Registered number: 11953689)
Report of the Trustees for the Year Ended 31 March 2023
Trustees
Ms J Fielder C D Gerrish R F Hopkins Ms G Millar Ms T L Pike Rev A S Pitt Ms S Reynolds (resigned 6.7.22) Ms R E Walker Miss S A May (appointed 15.5.23) Mrs D Chadda (appointed 15.5.23) M A Bandalli (appointed 12.12.22)
Senior management personnel
Chief Executive Officer - Ms T L Pike Senior Operational Lead - Mr S Plummer
Auditors
Sumer Audit Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Youth Connect South West for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Sumer Audit, will be proposed for re-appointment at the forthcoming Annual General Meeting.
4 December 2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Rev A S Pitt - Trustee
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Report of the Independent Auditors to the Members of Youth Connect South West
Opinion
We have audited the financial statements of Youth Connect South West (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
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Report of the Independent Auditors to the Members of Youth Connect South West
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the charity and the provision of youth services, we identified that the principal risks of non-compliance with laws and regulations related to safeguarding, health and safety, employment law, Companies Act 2006 and Charity Law, and we considered the extent to which non-compliance might have a material effect on the financial statements of the charity. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Statement of Recommended Practice.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to revenue recognition, management override, and potential lack of segregation of duties. Audit procedures performed by the audit engagement team included: - discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
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understanding and review of management's internal controls designed to prevent and detect irregularities, and fraud; - review of the minutes of the Trustees meetings;
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review of tax compliance; - designing audit procedures to incorporate unpredictability;
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performing analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud; - review of the financial statements disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above; - enquiring of management about actual and potential litigation and claims;
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testing transactions entered into outside of the normal course of the charity's business; and
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identifying and testing journal entries, in particular any journal entries with fraud characteristics such as journals with round numbers.
There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and the transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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Report of the Independent Auditors to the Members of Youth Connect South West
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
James Gare FCA DChA (Senior Statutory Auditor) for and on behalf of Sumer Audit Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
Date: ............................................. 6 December 2023
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Youth Connect South West
Statement of Financial Activities for the Year Ended 31 March 2023
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Charitable activities 6 Youth and Community Services Social enterprise - Cafe Other trading activities 4 Investment income 5 Total EXPENDITURE ON Charitable activities 7 Youth and Community Services Social enterprise - Cafe Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 17,307 1,596,655 37,621 2,775 295 1,654,653 1,586,723 17,964 1,604,687 49,966 519,423 569,389 |
Restricted funds £ 169,390 - - - - 169,390 253,503 - 253,503 (84,113) 172,557 88,444 |
2023 Total funds £ 186,697 1,596,655 37,621 2,775 295 1,824,043 1,840,226 17,964 1,858,190 (34,147) 691,980 657,833 |
2022 Total funds £ 314,311 1,165,226 34,573 2,827 - |
|---|---|---|---|---|
| 1,516,937 | ||||
| 1,294,174 17,619 |
||||
| 1,311,793 | ||||
| 205,144 486,836 |
||||
| 691,980 |
The notes form part of these financial statements
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Youth Connect South West (Registered number: 11953689)
Balance Sheet 31 March 2023
| Notes FIXED ASSETS Tangible assets 15 CURRENT ASSETS Debtors: amounts falling due within one year 16 Debtors: amounts falling due after more than one year 16 Cash at bank and in hand CREDITORS Amounts falling due within one year 17 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 20 Unrestricted funds: General fund Designated fund - transition costs Restricted funds TOTAL FUNDS |
2023 £ 71,728 476,605 - 492,159 968,764 (382,659) 586,105 657,833 657,833 444,389 125,000 569,389 88,444 657,833 |
2022 £ 53,356 663,824 2,407 586,599 1,252,830 (614,206) 638,624 691,980 691,980 394,423 125,000 519,423 172,557 691,980 |
|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 4 December 2023
............................................. C D Gerrish - Trustee
The notes form part of these financial statements
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Youth Connect South West
Cash Flow Statement for the Year Ended 31 March 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash (used in)/provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Interest received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2023 £ (56,088) (56,088) (47,691) 9,044 295 (38,352) (94,440) 586,599 492,159 |
2022 £ 286,909 286,909 (62,225) - - (62,225) 224,684 361,915 586,599 |
|---|---|---|
The notes form part of these financial statements
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Youth Connect South West
Notes to the Cash Flow Statement for the Year Ended 31 March 2023
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Decrease/(increase) in debtors (Decrease)/increase in creditors Net cash (used in)/provided by operations |
2023 £ (34,147) 20,275 (295) 189,626 (231,547) (56,088) |
2022 £ 205,144 12,367 - (410,182) 479,580 |
| 286,909 |
2.
ANALYSIS OF CHANGES IN NET FUNDS
| At 1.4.22 | Cash flow | At 31.3.23 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 586,599 | (94,440) | 492,159 |
| 586,599 | (94,440) | 492,159 | |
| Total | 586,599 | (94,440) | 492,159 |
The notes form part of these financial statements
Page 14
Youth Connect South West
Notes to the Financial Statements for the Year Ended 31 March 2023
1. STATUTORY INFORMATION
Youth Connect South West is a charitable company limited by guarantee, without share capital, incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address and principle activities of the charity can be found in the Trustees' Report.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.
There are no significant areas of judgements or key sources of estimation uncertainty.
Going concern
As noted within Trustees Report under 'Principal risks and uncertainties', the original early help commission and licences, associated with the formation of YCSW, comes to an end on 4 November 2024. This contract has an annual value of £517k and was originally the only source of income; total turnover has since grown to £1.8m through the development of wider services. There is some uncertainty about what the recommissioning of this core contract will result in, but YCSW is in an excellent position to be successful in this future tender. Whatever the outcome, reliance on this income has been significantly reduced. Key contracts for services provided by BANES have already been extended beyond this transition point and reserves have been built to manage the transition of other key resources such as property leases. Whilst this upcoming transition will be significant for YCSW, the Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of:
-
the date on which the charity is aware that probate has been granted;
-
the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made; or
-
when a distribution is received from the estate.
Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
Page 15
continued...
Youth Connect South West
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
2. ACCOUNTING POLICIES - continued
Allocation and apportionment of costs
All costs are allocated between the expenditure categories in the Statement of financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particulate activity are allocated directly. Support costs, including governance costs, are apportioned on the basis of estimated aggregate time expended on each activity.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on straight line basis Motor vehicles - 20% on straight line basis Computer equipment - 25% on straight line basis
Financial instruments
The charity has minimal exposure to customer credit risk, liquidity risk and market risk. Please refer to the risk section of the trustees annual report for information on how risks are managed. The charity does not have any non basic financial instruments.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Retirement benefits to employees are also provided by the Local Government Pension Scheme ('LGPS'). This is a defined benefit scheme.The LGPS is a funded multi-employer scheme and the assets are held separately in separate trustee administered funds. The LGPS is managed by Avon Pension Fund. On termination all the assets and liabilities of the charity will be subsumed by the Council into its pot within the Pension Fund, and the Pension Fund will not request a termination payment from the charity. Therefore Bath and North East Somerset Council are liable for the LGPS deficit and as such any deficit on the scheme is not recognised in these accounts. The LGPS is treated as a defined contribution scheme in these accounts.
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continued...
Youth Connect South West
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 3. DONATIONS AND LEGACIES Donations and grants 4. OTHER TRADING ACTIVITIES Other income 5. INVESTMENT INCOME Deposit account interest 6. INCOME FROM CHARITABLE ACTIVITIES Activity Grants Youth and Community Services Youth work contract sessions and other support Youth and Community Services Souths Youth Hub lettings Youth and Community Services Cafe sales Social enterprise - Cafe Grants received, included in the above, are as follows: Kickstart 7. CHARITABLE ACTIVITIES COSTS Youth and Community Services Social enterprise - Cafe 8. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Activities and session delivery costs Premises Travel Sundries Cafe purchases and repairs Depreciation |
Direct Costs (see note 8) £ 1,427,767 17,964 1,445,731 |
2023 £ 186,697 2023 £ 2,775 2023 £ 295 2023 £ 10,500 1,569,454 16,701 37,621 1,634,276 2023 £ 10,500 Support costs (see note 9) £ 412,459 - 412,459 2023 £ 1,187,053 102,985 101,850 8,090 4,172 21,306 20,275 1,445,731 |
2022 £ 314,311 2022 £ 2,827 2022 £ - 2022 £ 30,105 1,120,848 14,273 34,573 |
2022 £ 314,311 |
2022 £ 314,311 |
|---|---|---|---|---|---|
| 1,199,799 | |||||
| 2022 £ 30,105 Totals £ 1,840,226 17,964 |
2022 £ 30,105 |
||||
| 1,858,190 | |||||
| 2022 £ 832,857 114,284 22,776 12,050 1,017 17,619 12,367 |
|||||
| 1,012,970 |
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continued...
Youth Connect South West
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
9. SUPPORT COSTS
10.
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Youth and Community Services | 375,484 | 36,975 | 412,459 |
| Support costs, included in the above, are as follows: | |||
| 2023 | 2022 | ||
| Youth and | |||
| Community | Total | ||
| Services | activities | ||
| £ | £ | ||
| Wages | 225,303 | 200,051 | |
| Social security | 15,761 | 16,620 | |
| Pensions | 29,671 | 26,068 | |
| Insurance | 11,809 | 9,185 | |
| Postage, IT and stationery | 20,819 | 8,544 | |
| Advertising | 2,108 | 2,147 | |
| HR, wellbeing and training | 29,651 | 21,690 | |
| Irrecoverable VAT | 40,362 | - | |
| Auditor's remuneration | 29,898 | 14,518 | |
| Legal fees | 7,077 | - | |
| 412,459 | 298,823 | ||
| NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Auditor's remuneration - Auditing of the accounts | 10,530 | 8,965 | |
| Auditor's remuneration - Other non-audit services | 19,368 | 5,553 | |
| Depreciation - owned assets | 20,275 | 12,367 | |
| Operating lease - rent | 5,500 | - |
11. TRUSTEES' REMUNERATION AND BENEFITS
The Trustee, T Pike, is employed by the Charity, as per the Charity's constitution, as Chief Executive Officer, and earned gross salary of £48,784 (2022: £47,944) and employers pension contribution of £11,318 (2022: £11,123).
The Trustee, R Walker, is employed by the Charity as a youth worker and is the staff representative on the board from 6 July 2021, and earned gross salary of £23,213 (2022: £15,455) and employers pension contribution of £995 (2022: £1,004).
The Trustee, S Reynolds, was employed by the Charity as a youth worker and was the staff representative on the board until 6 July 2021, and earned gross salary of £6,395 and employers pension contribution of £1,484.
The above only receive remuneration in respect of staff members under their contracts of employment, and not in respect of their role as trustees.
There were no other trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
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continued...
Youth Connect South West
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
12. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2023 £ 1,261,853 97,532 98,403 1,457,788 |
2022 £ 924,134 65,748 85,714 |
|---|---|---|
| 1,075,596 |
The average monthly number of employees during the year was as follows:
| Management Business team Targeted Youth Work Learning for Work Southside Partnership for Learning Education Support Services |
2023 3 6 17 16 10 7 4 2 65 |
2022 4 5 16 13 7 7 - - |
|---|---|---|
| 52 |
No employees received emoluments in excess of £60,000.
Key management personnel for the charity comprises the Trustees, the Chief Executive Officer, the operational manager and the business manager. The total employee benefits for key management personnel of the charity were £178,897 (2022: £165,610).
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Youth and Community Services Social enterprise - Cafe Other trading activities Total EXPENDITURE ON Charitable activities Youth and Community Services Social enterprise - Cafe Total NET INCOME Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 110,961 1,165,226 34,573 2,827 1,313,587 1,121,478 14,236 1,135,714 177,873 49,863 227,736 291,687 519,423 |
Restricted funds £ 203,350 - - - 203,350 172,696 3,383 176,079 27,271 (49,863) (22,592) 195,149 172,557 |
Total funds £ 314,311 1,165,226 34,573 2,827 |
|---|---|---|---|
| 1,516,937 | |||
| 1,294,174 17,619 |
|||
| 1,311,793 | |||
| 205,144 - |
|||
| 205,144 486,836 |
|||
| 691,980 |
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continued...
Youth Connect South West
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
14. GOVERNMENT GRANT INCOME
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Bath and North East Somerset Council - grants | 8,000 | 120,830 |
| H M Revenue and Customs - kickstart funding | 10,500 | 30,105 |
| Home Office | 67,454 | - |
There were no unfulfilled conditions or other contingencies attached to these grants. The charity has not directly benefited from any other forms of government assistance.
15. TANGIBLE FIXED ASSETS
16.
| Fixtures and Motor fittings vehicles £ £ COST At 1 April 2022 29,145 33,865 Additions 10,497 - Disposals (9,044) - At 31 March 2023 30,598 33,865 DEPRECIATION At 1 April 2022 4,888 7,906 Charge for year 6,558 6,773 At 31 March 2023 11,446 14,679 NET BOOK VALUE At 31 March 2023 19,152 19,186 At 31 March 2022 24,257 25,959 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments and accrued income DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
Computer equipment £ 4,186 37,194 - 41,380 1,046 6,944 7,990 33,390 3,140 2023 £ 320,524 14,312 141,769 476,605 |
Totals £ 67,196 47,691 (9,044) 105,843 13,840 20,275 34,115 71,728 53,356 2022 £ 491,045 - 172,779 663,824 |
|
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Accrued income | - | 2,407 | |
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Youth Connect South West
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes Other creditors Accruals and deferred income |
2023 £ 3,282 50,921 633 327,823 382,659 |
2022 £ 23,076 68,825 18,106 504,199 |
|---|---|---|
| 614,206 |
18. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years |
2023 £ 22,000 51,333 73,333 |
2022 £ - - |
|---|---|---|
| - |
19. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fixed assets Current assets Current liabilities MOVEMENT IN FUNDS Unrestricted funds General fund Designated fund - transition costs Restricted funds Southside Community Library Grow it, Cook it Quartet Community Grant Wesport - Outreach MSN rotary Wellbeing Section 106 and Community Infrastructure Levy funding Wesport - Crime reduction through Sport Bath Rotary club - Hair and beauty course Bath Rotary club School for Social Enterprise Effective Transitions TOTAL FUNDS |
Unrestricted funds £ 71,728 880,320 (382,659) 569,389 |
Restricted funds £ - 88,444 - 88,444 At 1.4.22 £ 394,423 125,000 519,423 1,535 300 1,005 1,135 935 - 91,671 3,378 384 1,500 119 70,595 172,557 691,980 |
2023 Total funds £ 71,728 968,764 (382,659) 657,833 Net movement in funds £ 49,966 - 49,966 (1,535) (300) (1,005) (1,135) (935) 20,000 (43,745) (3,378) (384) (1,500) (119) (50,077) (84,113) (34,147) |
2022 Total funds £ 53,356 1,252,830 (614,206 |
2022 Total funds £ 53,356 1,252,830 (614,206 |
||
|---|---|---|---|---|---|---|---|
| 691,980 | |||||||
| At 31.3.23 £ 444,389 125,000 |
|||||||
| 569,389 - - - - - 20,000 47,926 - - - - 20,518 |
|||||||
| 88,444 | |||||||
| 657,833 |
20. MOVEMENT IN FUNDS
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continued...
Youth Connect South West
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
20. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Southside Community Library Youth work Grow it, Cook it Quartet Community Grant Wesport - Outreach COVID inequalities MSN rotary Wellbeing Section 106 and Community Infrastructure Levy funding Wesport - Crime reduction through Sport Bath Rotary club - Hair and beauty course Bath Rotary club School for Social Enterprise Placement funding Effective Transitions Music Safer streets Warm spaces Young People's Specific Trips Funding Cost of living crisis Bath City Centre Building Fund Other small restricted funds TOTAL FUNDS |
Incoming resources £ 1,654,653 - 20,380 - 14,130 - 4,000 - 20,000 - 4,934 - - 7,500 16,820 - 5,000 67,454 250 600 1,400 4,762 2,160 169,390 1,824,043 |
Resources expended £ (1,604,687) (1,535) (20,380) (300) (15,135) (1,135) (4,000) (935) - (43,745) (8,312) (384) (1,500) (7,619) (16,820) (50,077) (5,000) (67,454) (250) (600) (1,400) (4,762) (2,160) (253,503) (1,858,190) |
Movement in funds £ 49,966 (1,535) - (300) (1,005) (1,135) - (935) 20,000 (43,745) (3,378) (384) (1,500) (119) - (50,077) - - - - - - - (84,113) (34,147) |
|---|---|---|---|
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continued...
Youth Connect South West
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
20. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Designated fund - transition costs Restricted funds Southside Community Library Mobile Bus start up costs Youth work Grow it, Cook it Quartet Community Grant Wesport - Outreach Affordable food projects Police Community Trust Action fund MSN rotary Wellbeing Annett Trust Section 106 and Community Infrastructure Levy funding Wesport - Crime reduction through Sport Bath Rotary club - Hair and beauty course Bath Rotary club Children In need - Electric minibus & extras Serious Youth violence -"Tarmac" Grant School for Social Enterprise Effective Transitions TOTAL FUNDS |
At 1.4.21 £ 166,687 125,000 291,687 2,000 5,647 5,750 4,976 - 2,710 2,852 2,000 1,535 1,000 500 166,179 - - - - - - - 195,149 486,836 |
Net movement in funds £ 177,873 - 177,873 (465) (5,647) (5,750) (4,676) 1,005 (1,575) (2,852) (2,000) (600) (1,000) (500) (74,508) 3,378 384 1,500 40,819 9,044 119 70,595 27,271 205,144 |
Transfers between funds £ 49,863 - 49,863 - - - - - - - - - - - - - - - (40,819) (9,044) - - (49,863) - |
At 31.3.22 £ 394,423 125,000 |
|---|---|---|---|---|
| 519,423 1,535 - - 300 1,005 1,135 - - 935 - - 91,671 3,378 384 1,500 - - 119 70,595 |
||||
| 172,557 | ||||
| 691,980 |
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continued...
Youth Connect South West
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
20. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,313,587 | (1,135,714) | 177,873 |
| Restricted funds | |||
| Southside Community Library | - | (465) | (465) |
| Mobile Bus start up costs | - | (5,647) | (5,647) |
| Youth work | - | (5,750) | (5,750) |
| Grow it, Cook it | - | (4,676) | (4,676) |
| Quartet Community Grant | 2,000 | (995) | 1,005 |
| Palace of Wonder | 4,770 | (4,770) | - |
| DHI | 4,958 | (4,958) | - |
| Wesport - Outreach | - | (1,575) | (1,575) |
| Affordable food projects | - | (2,852) | (2,852) |
| Police Community Trust Action fund | - | (2,000) | (2,000) |
| MSN rotary | - | (600) | (600) |
| Wellbeing | - | (1,000) | (1,000) |
| Annett Trust | - | (500) | (500) |
| Section 106 and Community Infrastructure | |||
| Levy funding | - | (74,508) | (74,508) |
| WECA - CEC transition funding | 9,934 | (9,934) | - |
| Bath Rotary club - halloween event | 300 | (300) | - |
| Wesport - Crime reduction through Sport | 5,104 | (1,726) | 3,378 |
| High Sherriff event | 1,500 | (1,500) | - |
| Bath Rotary club - Hair and beauty course | 1,000 | (616) | 384 |
| Bath Rotary Club - Shed | 1,000 | (1,000) | - |
| Bath Rotary club | 1,500 | - | 1,500 |
| Children In need - Electric minibus & extras | 41,221 | (402) | 40,819 |
| BANES - Healthwatch | 4,741 | (4,741) | - |
| Serious Youth violence -"Tarmac" Grant | 9,044 | - | 9,044 |
| School for Social Enterprise | 7,500 | (7,381) | 119 |
| Café Salaries | 1,000 | (1,000) | - |
| Placement funding | 10,667 | (10,667) | - |
| Effective Transitions | 97,111 | (26,516) | 70,595 |
| 203,350 | (176,079) | 27,271 | |
| TOTAL FUNDS | 1,516,937 | (1,311,793) | 205,144 |
Restricted funds
Southside Community Library - funding from BANES for Southside community library including IT equipment, storage, furniture and event costs.
Mobile Bus start up costs - funding from BANES for the start up costs for the mobile bus
Youth Work - donations from various organisations for the provision of youth work.
Palace of wonder - support the provision of early mental health support for anxious children and young people
Wesport- Outreach - Funding to deliver an outreach programme and online support to young people in hard to reach communities
Affordable food projects - to contribute towards supporting families and individuals in Whiteway and Twerton.
COVID inequalities - BANES funding for inequalities
Police Community Trust action fund - funding to tackle issues in their local area relating to the priorities set out in the Police Crime Plan.
Serious Youth Violence - Music project - funding to help prevent serious youth violence through music
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continued...
Youth Connect South West
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
20. MOVEMENT IN FUNDS - continued
Serious Youth Violence - Graffiti project - funding to help prevent serious youth violence through graffiti art project
MSN Rotary Club - funding to support the young people in BANES through the purchase of laptops, assistance technology, short college courses and driving lessons
Section 106 and Community Infrastructure Levy funding - funding for Bath youth work
WECA - CEC transition funding - funding for garden project
Bath rotary club - funding for various events and courses.
Wesport - funding for crime reduction through sport
Children in need - funding received for a minibus and other items
BANES healthwatch - funding for healthwatch project
Serious Youth Violence - Tarmac project - funding to help prevent serious youth violence through the improvements to the skatepark
Café salaries - to fund the kitchen manager salary
School for social enterprise - funding for the café
Placement funding - funding for community events coordinator (in 2022) and for a Café intern (in 2023).
Effective Transitions - funding to deliver targeted transition support to enable disadvantaged young people in Key Stage 4 to achieve sustained engagement in high-quality post-16 destinations.
Cost of living - funding from WPD
Wellbeing - funding for a wellbeing worker.
Quartet community grant - various grants from Quartet including for kayaking courses, skate parks and training, the Arts and lunchclubs
Music - funding for music tutors and funding from the Violence Reduction unit for a music worker.
Safer streets - funding from the Home Office for safer streets
Warm spaces - funding to provide a warm space
Young peoples specific trips funding - funding trip costs
Bath City centre building fund - funding for the bath centre building
Designated funds
This designated fund is for:
-
-Provision for Management continuity
-
IT infrastructure
-
Legal costs
-
Cost related to retention of Southside Youth Hub
-
Other transition related costs
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Youth Connect South West
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
21. EMPLOYEE BENEFIT OBLIGATIONS
The charity is a member of the Avon Pension Fund, a Local Government Pension Scheme, which is a defined benefit scheme. In these accounts it is treated as a defined contribution scheme as Bath and North East Somerset Council are liable for the deficit. The cost for the period was £68,769 (2022: £75,438).
The charity also makes payments to The People's Pension, a defined contribution scheme. The cost for the period was £29,634 (2022: £10,878).
At the balance sheet date contributions of £nil (2022: £9,265) were payable to the schemes.
22. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 26