REGISTERED COMPANY NUMBER.. 11953689 IEngland and wa$) REGISTERED CHARITY NUMBER: 1186059 Ro rt ollh• Trus and Inanclal Statements for th• Year Ended 31 March 2024 Youth Connect So Sumer Autlit Go. Statutory Audrtors H8rmes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
Youth Conn uth West Contents of the Flnanclal Statements for the Year Ended 31 March 2024 Page Report of the Tru$t•0S Report of the Ind8p8nd8nt Audllors 9 to 11 Statement of Financlal Actlvltles 12 Balance Sheet 13 Cash Flow Stat•m•nt 14 Not•s to Cash Flow Statoment 15 Notes to th• Financial Statements 16 to 27
Youth Cortne¢t South Wost R• ist•red numbor: 11 f h TrUstS for the Year Ended 31 MaT¢h 2024 The tnJ¥tees who 8r8 a150 director5 of the charfty for th8 purp0585 of th8 Companies Act 2006, present their report vlth the financial slalernents of th8 charity for th8 y8ar end 31 March 2024. The trustees have adopted the prowsions of Accounting and Reporbng by Charibes.. Stslemenl of Re¢omrnend9d Pr3cti applicable to charities preparing their aec(¥Jnts in a¢corda¢Ke vAth the Financial Reporting Standard applicabb in th8 UK and Republic of Ireland IFRS 1021 1gff8Ctiv6 1 January 20191. OBJECTIVES AND ACTIVtriES Objectives and aims To aot as a resource for young people up to the agg of 25 liwng In the Unl¢od Klngdom by providing adCe and assistsnce and organising progfammes of physical. educational and other aclivities as a Means of.. lal advancing in life and helping young Peop by devek>ping their ski115. capacitie5 and capabilities to enable them to parkn¢ipale in Society as independent, rnature 8nd responsible individuals,. Ibl advancing education,. Icl lieVIng unemployment,. Idl providing recreational and leisure actiwties in the Inte$ts of social Welfa lor people living in the area of benefit %tho have need by reason of their youth, age. infimiity or disabilty, povety or social and e¢onomi¢ cirwrnstances with a view to improving the condits.ons of lrfe of such persons. The promotion of social Inclusi for the public benefit by pventing youn9 peoplg from be¢omlng soaally exduded. rglieving the naads of those ytsung people h0 are socially axcluded and asslsllng them to Sntegrate into society. Significant actlvltl•s This year. we havg made substantial progress in developing a new Vision and MSssion. Wè have engaged wrth staff, volunteers. and Twstees, laying the groundwork for a comprehensive corhsultation with young people in the new financial year. This consultation will help us finallse a new Vlsion and Mission that truly reflecis the aspirdtions and n88d5 of Ihe young people we work wth. Our ojrrent viOn and Misson are.. - Vision.. Delivering inspiring youth semces that young peop want to be part of. - Mlsslon." supporng young people to enjoy today. ppa for tomorrow, and bgCOrnO th9 people theywanl to be. The organisation with young pP1# through a range ol difforont programmes.. - Ajternative Educab"on for young peOe wfth SEND Employabillty Earfy Help - Youth INork Soulhside Youth and Community Centre Despite our best efforts, we had to make the difTicult de51 to c10s6 the community café at Southside Youth and Community Hub. The business model was not sustainable. However, we are actfvely worklng on altsmats.ve ways to provide similar 5ervic8s, which w8 pL4n to implement in the next financial y8ar. We are proud to have received recognition for our work in the ¢ommunity. Youth Connect South West, Sarn Plumm8r was honoured wth a High Sheriffs Award for our invaluable servi¢8 in Rad5tock. Additionally, sorne of our staff wer8 recognized by the Police and Crirng Commissioner for Avon and Sorn8rset and was presentèd with a coin to mark their Setvice to the communily. In response lo our staffs needs. we conducted a thorough rewew of our wellbeing support services and have eommissioned a new service to ensure that staff re1ve the appropriate support. We have expanded our clinical supervislon offer. now provlding both group and one-on-one support for Staff identified as needing it. Thls initSativ8 aims to enhanTr our team's resilience and overall wellbeing. Ènsuring they can continue lo deliver high-quality support to the young people we serve. Page 1
uth Connect South West Re Istered number.. 11953689 ort of th Tru for tho Year Ended 31 March 2024 OBJECTIVES AND ACTMTIES Equality, ¢er$Ity. and inclusion D)ntinue to be key th8m&s for Youth Connact South West IYCSWI. We are committed to creating an environment Whe everyone feels valu8d, respected, and included. This year, we have taken several steps to embed these principles throughout our organization.. Reviewed and updated our Equality, Diver51ty, and Inclusion IEDII pol*cy. Enhanced training and developtnent programs for staff - Continued our partnership with the Belonging Nethork for comprehensive training. . Developed stralegies to engag8 underrepresented groups. Poverty and in8qual.ty have increased significantly, 1th the c05t of living crisis impacting u5 in various ways, including ruEI poverty. increased food costs, and a furthgr dlgitsl divide. According to Bath and North East Somerset IB&NESI Councll, around 4,000 people in the region are expected to fall into absolute poverty In 2022123. with 1,500 of them being children. This situalion 15 exacerbated by the high inflatlon rate for food, which had surged to 19.1%, contributing to the growing food poverty in the area. To combat Ihis. we are providing food for young people al our open access provisions and during 8ltematlV8 8ducation sessions. Rural isolation and access lo transport remain significant issues. p8rbcularfy as we expand our work in wral communiues. These factors havè a profound imped on young people's lives. limiting their access lo essential services and opportunities. Access to mental heallh setvlces for young people continues to be a critical Concern. with many waiting over a year for CAMHS assessment. The rates of hospitalisation for under-18 mental health issues. alcohol conditions, eating disorders, and s8ff-hartn are cornparatively high. partlcularfy for gids and young women. To help 5UPPOrt young people on these issues, our wellbeing support service has been established, and we are actively promoting wellbeing through our w8bsile. This initiative 8ims to provide sO¢Jrs and support to young p8ople, h81ping them to manage their mental hoalth effectively. Our Youth Work offer in Southeast Somerset is poised to incr&ase significantly following a pèril of groundwork and developrnenL This protnis8s a level of yovth engagement that has not been seen in areas such as Milborne Port. Wincanton, Castle Cary, and Bruton for over ten years. We have a150 DPEned a Youth Work 5e5sion in Dorset, adjacenl tu our current provision in Henstridge. By addressing sorn8 of the challen9e$ faced by young people and 8xpanding our reach, we aim to Improvo the conditions of life for young people in our community. We remain committed to supporting young people to overcorning the barriers they face. Publlc benefit The Trustees have paid due gard io th$ Charity Commission's Guidanc8 on Public Bengfil in deriding whal activities the charity should undertake. The Trustees considerthat they have acted in the public bengfiL Pago 2
Youth Connect South W•$t Rt ist•r•d number- 11953689 Re ort for the Year Ended 31 March ACHIEVEMENT AND PERFORMANCE Charltable actlvStle$ Youth Connect South Wesl IYCSWI has 5uccessfttlly met its Charitab objectives through a variety of imp8crful programs and initiatives this year. Our effort8 have focused on expanding our reach. enhandng Service quality. an¢J responding to th8 ev05ng needs of young people In our communty. Consolidation and Cap#eity Building Thè organisatlon has ganè through a period of consolidation. focusing on improving back office functh)ns such as finance systems and building further capacity to enable futura growth. Early H•lp The Early Help commSssk?ned contracl with 8&NES Council eontinuès to do1¢r high-qualtty oul¢x)mes for young people. We are in the final year ol this contract and have begun preparatlons for its wommi5sioning. - Southside Youth and Community Centre Despite th8 closur8 of th8 cornmunty café due to an unsustainable t*usiness mod81, th8 Sotrthside Youth and Community Centre remains a vibrant hub. The centr8 continue5 to host popular groups and 8V8nts, d8V8Iop8d through our partnership with Bath Spa University. This collaboration has brought crgative opportunities such 85 the Ch115tmas Fair to the local community. Alternativ• Education Our Alternative Edu¢atyon programmes continués to support over 100 students annually. The prograrnmes hav8 achi8V8d positive outcomes for students across all inillallves. and we are excitod about the future development opportunTbes this program pr8sentS. Employabilty The City centre space has been instrumental in providing regu18r dayts'me drop.in sessions for uNempk)yed young people. Drop4n sessions have taken place in other parts of B&NES this year al50 expanding acce55 for young people. This initiative has steadity developed, helping to keep NEET (Not in Education, Ernployment, or Training) and Not Known figur8s wthin acc8piabl8 limit5 for the area. Youth Work Our youth work prograrn has significantly expanded. especially in Southeast Somerset. Following a period of groundwork. we have reintroduced youth work 3es$ions in Mllbome Port, Wincanlon, Castle Cary. and Bruton, areas that had not seen such engagement for over a d8cade. We also opened a youth work session in Slalbridge. Dorset, adjacent to our prowsion in Henstridg?. Mental Health and Wellbèlng In response to the crftlcal need for rnentsl health services, we e5tabli5hed a wdlteing support senrice and actW8ly prornote wellbeing resources through our websfte. This initiative prodeS young people wrth tho nec8S5ary tools and support to manag? their rn8nlal health effectivpty. FINANCIAL REVIEW Flnanclal posttlon The 2023124 year has 58en continued growth in turnover. Total income was £2,174.868, cornp8red to £1,824,043 in the prior year, 8 19VA incr8as8. We have seen new projects and lunding across all our programme$', however, the main grovth has been in naw contracts to deliver youth work services for Parish Councils. and growlh in the Ajlernative Education programrne. Daspite tho growth In tumover, the organisalon had its first ne¢ deficit This was drivgn by ongoing losse5 of the comrnunty Café at Southside and lack of fundlng for spe¢bfi¢ area8 of youth work combined wth contiUe deveknpment ol the organisational capacity to develop beyond the end of the ¢urrent Early Halp comrnissloned contract. As noted above, the Café buslness rnodel has proved unsusialnable. and cosis of ¢19sure are includ8d in th8 currgnt y8ar. At 31 March 2024 th8 organi5ation had total reserves of £595,982 12023 £657,833). of which £149,40312023 £88,4441 wgr8 restricted. Expenditure of restricted funds was £235.547, compared io £253,503 in th8 prior ye8r,' the gTOWth in rastricted funds is driven by the cognItion of grants to be spent in future periods. Imprtrvements in internal financial processes. folh)wing recruitment of a new fin8noBI manag8r, have been the primary drNer5 in iMpVing the ¢a$h position of the organisation. keeping invoicing and credit control rn{ up to date has reduced the need to accrued income and tirngly involcing has brought in cash earfi8r. Prlnclpal fundlng sources Early Help commissioned contract wth Bath and North East Somerset Council Higher needs SEND funding with Bath College - Youth Work lunded by Town and Parish Councils commissioning youlh work and CIL funding trtsm Bath and North East Somerset Council Th& Chanty has also received several grants and donations from k)cal and national grant funding charitie5 and inltiatives. Page 3
Youth Conn•¢t South W•st Rè ist•red numb8r.. 119536Bg ort of the Tru for the Year Endod 31 March 2024 FINANCIAL REVIEW Re58rve5 poIIcy At 31 Marth 2024, to¢al funds held were £595,982 of which £149,403 are held in re5trict8d lunds and £125,000 in designated funds. Funds of £58,2618rè h8k1 as fix8d assèts. Free res8rves are £265,318. The resèN6 pollcy was reQWed and upd8l8d by Trustee$. Reserwes arg held to rnitKJate risks that could UmatelY Smpact the organisatlon's ablltty to meet its obj8ctives, which would include unexpected Ios8es of income or significant unfor8seen costs. On this basis, the Trustees consider that free resewes should be between £400.000 and £600,000", when outsid8 of thi5 rang8 there Should a¢tivg plans to either In¢a8 or utilise r&serves approprlately. The ¢harity ha¥ one designated reserve of £125,000, sot aside lo cover the costs assoclated wllh coming to th8 erld of the Eaty Help comrnissioned Contract that eslablished the organisats"on. This includes provision for management continuity. IT infr8Struelure and legal Gosts. The iecofnrnis5ioTring process ha5 been delayed unlil May 2025. resulling in an indicated six monlh extension ol all existing agreements. Golng concern As noted under'PriThcipal risks and uncertainties., the original early help commission and licens, associated with the lomiation of YCSW, comes to an end on 4 Novèmber 2024, but a Six month extension has been agreed in principle. This contract has an annual value of £517k and was originally the only source of in¢omg', total turnover has Sin grown to £2.2rn through th8 dev8lopm&nt of wider semces. There is sorne uncertainty a*)out what the recornmissioning of Ihls core contract Nwll resuK In, but YCSW is in an 8X(lIent position lo be successful in this future t8nder. Whatever the outcome, rellance on thls Income has been signrficanuy reduced. Key contracts for services prowded by BANES have already be8n 8xi8nd8d b8yond this transition point and reserves have been built lo manage the transition of other koy r8sources such as property le8ses. Whi15t this upcorning transition wll be signifant for YCSW. the Trustees consider that there 8re no Material uncertainties aboul the Charitys ability to continue as a going con¢em, particularly in the light of thg developrnent and continued growth ol new sourcos of income. Prlnclpal rfsks and un¢erta5ntFes Contract renewals The CO of the organisation is repr888nted by major contracts.. The Early Help commlssloned ¢onlra¢l that establlshed the organisats'on1£517k annually), running for 5 years to November 2024, and an annually renewed contract for altemalive edu¢ation provision with Bath College, but ultimately funded by the ESFA and BANES. Periodlc renegollatlon and nwaI of th•sè agra•m8nts rgpr&s6Thl critical risk pntS for thè ongoing Success of the organisation. Daveloplng beyond thg transfvr from 8ANES- There aro several arrangements linked io the initial establlshment of the or9anisalion in the transfer from BANES. including woperty and various elements tsf semce provision such a5 IT which will be critically reviewed and negotiated. Overall lunding- the financial pr8ssures facing local autrorilies are cleady a thallenging envlronmental factor. Some of our services are a part ol a statutory obligatiori relating to Educ8tion, Heatth. and Care Plans of individual young people. but other areas fall into the area of discretionary spend. Rlsln9 Education Standards Departm8nl for Education funding rules are changing in 2025 r8garding th8 u1mentS for English and Maths. Th989 changes require minimurn levels of face-to-lace tuition that will prove a challenge to many of the young people we cuentlY serv6, Ihis year will give an opportunity to pibl those changes. Safeguardlng - The organisation works some of the most vulnerable young people in our area. This means that our praclition8rs are part of the n8iwork of professionals identing. working th. and escai8ting critical Issu?s of keeping young peop18 safe, and need to operate to the highest standards. 11 also means that the standards ol safeguarding wthin our practice must also be high to prevent harm to the young people we work wth. - Re¢rultment and retentoon of staff - The significant reductions in the fundirwj of youth work over Ih818St decade are now resulting in a significant skill shortage in terms of qualified youth workers. In additson, our work is rewarding but challgnging, and we cornpete bmth a Warty ol related sectors for g¢xJd stsff. Factors likely to affect futur8 financlal perfomian¢e or posltlon We currently anticipate retuming to a bakeVen or small 5urplu5 Posltion the in the n8Xt financial year. The ongoing ltssses of the cornmunl¢y café have been hatted and ifi addition lo the working relationship with Bath College on the Atsrnative Educalicn Programme is changing. $Iting in a signifieant inuease in seale for YCSW. A restructuring of the relabonship with Bath College sees the organisation tak8 on lJ)a whole ol tha dalivary of the progrdmmg as a subcontractor. rather than a partner wth the College. Despitè a baekgrounrl ol cuts in local authority spending, our bigggst source of incgrne is from supporting young people with Education. Heatth and Care Plans, where the dernand for our $8rvices continu8s lo exceed our ability to scale up oui provision. Pag8 4
Youth Connect South West isterod number. 11953689 Re ort of the Tru tees for the Year Ended 31 March 2024 PLANS FOR FUTURE PERIODS Youth Connect South West tYCSWl is ¢omrnitted to continuous irnprovement 8nd 3trategi¢ growth to bette¥ serve young people and their cornmunities. Our plans IOT the future focus on enhancing infrastructure, expanding prograrns, and strenglhenlng our organlsational capacfty. A conbnuad focus Con501idation and Capacity Building focusing on improving b8ck office function5 such &s IT and dalabase systems and building further capacity to enable fijture grobth. These improvements will allow u8 to streamline op8ration5 and enhance sQGe dellvery across all prograrn areas. Ensuring Valldlty of Our 8u$lno$s Mod•l We aim to ensure the validity of our buslness e1, making sure that the b818nce behveen central overheAd$ and tumov8r is well-constructed. Additionally. w8 seek to buibJ our organisational reserves to a mfortable level, ensuring long-tsrm sustsinability and financial Stability- . Southslde Youth and Communlty Centre.. Conunulng to develop Community acliwties to enhan¢9 local engagement and support. Additionally. we aim to secure 8 long-temi lease from the Council under a &sOnable and sustainable agreement to S8cur8 its fvtur8 a5 an as58t for young p80ple and th8 wider cornMunty. Communlty Café Area.. Reviewing the community café area. providing a basic 5eNce using vending rnachine, and deve&Jping more grass r(x)ts fth)d opportunities with community partners. Radstoek Youth C•ntrè'. Fin81ising th8 1&8Sè 8grèmènt 8nd beginniftg buil(Sing improvèmènts to bètter sèrve th8 local young people and the community they live in. - City Centr• Youth Space.. Expandlng Ihe use and reach dty centre youth space further and openlng Ihe basement for additional us8. - Youth Work Consolldatlon and Expanslon Before expantling our youth work program further. we plan to consolidate our current efforts, focusing on growing stsff knedge and abilities, and developing strong netsrks in Ihe areas we currently serve. We are conty'nuing our drive to make Youth Work sustainable. Ali8rnatlv8 Educatlon Programs W8 plan to mak8 Sign1Cant changes to our atternative educakn'on prograrns to ensure that young peopl8 have access to the ryht courses that meet their academic and social support needs fully. These change$ atm lo buikl the best possible starting points for their fvture jobs and learning as adults. By tailoring educational 8xperience5 to each indiwdual. we aim to provide compreh8nsive 8UPPOrt that prepar8S th8m for fLrture success. Wellbeln9 Support Service.. Expanding our wellbeing support services, promoting ment81 health r88ourcgs through our website, and providlng tools for young people to manage their mental health effectively. Human R0s0urcès and Workfor¢t Dewlopmont We plan lo recrull a significant HR Business Partner lo dèllv•r Cultural chang8 aimed at increasing recruitrnent and ret8ntion. Initiatives will b8 developed lo attract mor8 workers io our field, ensuring they are well-lrained and supported to achieve Ihe best possie outcotrS for young people. Expandlng EDI Initiatives.. Promoting equ81ity, diversity. and inclusion IEDII across all prograrns, ensuring our seNce5 are accessible and welcoming lo all young people. gardleSS of their background or circumstances. We %MII launch groups for young people of cdour. STRUCTURE, GOVERNANCE AND MANAGEMENT Govornlng ument The charity 15 contrtslled by ils governing doeumènt. a d8•d of trust, and constitut8s a limittd eompany. limited by guarantee. a5 defined by Iha Companies Act 2006. Recrultment and appolntment of new trustees The membership of thè Trustee group has remained largety slable through the period with hvo resignations and one new appointment in the period. This ends the period with 9 out of a total of 10 positions filled. Organlsatlonal stru¢ture The organisation is a reglstered charlty and ¢ompany limitod by Guaran18e. As a Publ1¢ S6rvlc• Mutual, its CEO and another staff member are Trustees. Trustoes meet quartedy Whe they r1ve reports from the CEO ancl sub committees. at these meèting Trustees will review the organisab.on development, ce the subcommittee mlnutes, requests, and act accordingly. Policies and proceduTes are approvèd by th8 Board of TNstè85, day to day desID5 rnaking is delegatsd to th8 CEO and the senior managernent tearn. Page 5
Youth Connect South West Re Sstered number: 11953689 rt of the Trustees for the Year Ended 31 March 2024 STRUCTURE. GOVERNANCE ANO MANAGEMENT Inductlon and training of ngw trustso5 All Trustees receive an induction pack whlch contalns the constrtutson. roles and SponSIbltIes, key policies and expect8d knowl8dg8 and inforrnation they n8ed io possess to be an 8ff8ctiv8 tru5t88. They are also S8nt regular update5 from the charity comtnission, and these 8ra discuss8d at th8 Trust8e me8ting. Trustee ar8 8)P8cted to attend training provided by the local voluntary s8Ctor n8twork8 which we mernber5 of. Trustee 11 be expect8d to und8rt8k8 qualities and diverslty training, safeguarding and child protection and dgvalop kwI£dg and 180dership in fundraising. Key manag•mont r•munoratton Trust885 r8¢eive regular updates rggarding any pay and terms ol condition of employrnent chang88, The Senior management team developed a matrsx approved by Trustees for assessing staff pay and rernuneration, this is reviewed on an annual basis and ferred to when creating new roles and revlèwing pay. Relatlon¥hlp$ wlth r•lat•d partles and any other ¢haritig$ and organl$atlon¥ The organisation is a member ol the followng nets¥orks and organisations.. -3SG Fundraislng regulator - VOSCUR Disability Confident employer - Good ernOYmernt charter - chiren5 and young network - SW regional youth work Sornerset Youth Work Allianc8 - Twerton and Whileway Ngtwork - Leaming Partnership BANES Buslness West - West of England Combine Aulhorfty IWECAI Other charities and organisalions wg are in partnership wth - Bath City Fami - Creative Twerton . Little lost RoboUErnerge . The Natural Theatre company - Off the Record - City of Bath Colkge - Projed 28 - Avon and Somerset Police 8a(h and North East Somerset Council Serious Youth Violenco unit and Safer Citiès Bath Bid - Radstock Town Council - Midsomer Norton Town Council - rimsbury Parish CounrAI Paulton Parish Council - westfeId Parish Coundl . Chilcornpton Parish Coun1 Henstridge Parish Coun(il - Win¢anton Town Council . Casue Cary Town Council Bruton Town Council Milbome Port Parish Council Stalbridge Parish ¢ouncil The organisation works other neN¥ork members io delfver its charitable aims and draws up tems of fence and partnership agtpomea7ts to help ernSu the work is delivered suc$$fijIIy. If there is a lead partner. and financial involvement a contract wll be drawn up. Risk management The trustoes have a duty to identlly and review the rfsks lo which the charfty Is oxposed and lo ansuro approprfato controLs a in place to prowde reasonable assurance agalnst fraud and error. Fund-ralslng Stsndards Inforniatlon The charity does not carry out significant fundraising acttvities and does not undertake direct rnarketing. All fundraising 8cti%rybe5 are rnonitored by the CEO and th8 Tru5te88 and a Fundraising Policy is in place. Th8 charity does not use a professional fund-raiser or ctsmrnercial participator. The ch8rity ha5 not receiv8d any complaint5 about it5 fundraising. Paga 6
Youth Cont)e¢t South West Re Istor•d number: 11953689 he Tru$lg¢S for the Year Endefl 31 Mah 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 11953689 (England and Wale51 Regi5ter8d Charity number 1186059 Reolstered offlce SouthsKle Youth Hub Kdson View Whiteway Bath BA2 1NR Trusteos Ms J Fielder C D Gerrish R F Hopkin5 (resigned 4.72.231 Ms G Millar MsTLPike Rev A S Pitt Ichair of Trustsesl M5 R E Walker M4ss S A May (appointed 15.5.231 {reswned 4.10.231 Mrs D Chadda (appointed 15.5.231 M A Bandall A T J Rumming-Pain (appointed 13.5.241 Senlor managgment personnel Chief Ex8CUtive Officer- M5 T L Pike Head of Operatitrns and Pia¢ti¢e - Mr S PlumtnEr Head of Finance and Business - Mr N Chinnery - People ResourTr5 manager- Mr5 V Bisgrova Program Manager Altemalive Education- Mrs C Nicholls-S8m8s Program Manager Targeted Youth Support- Mrs C Sharp Program Manager Youth work- Ms J Lths Auditors Surn8r A(Jdit Co. ststutory Auditors Hermes House FI Fty Avenue Swindon Wiltshire SN2 2GA STATEMENT OF TRUSTEES. RESPONSIBILITIES The tst985 (who are also ths dir8Ctors of Youth Connecl South Wesl for the purposes of company lawl are responsible for preparing the Report of the Trustees and ¢he financial statements in accordance wth applicable law and United ngdoM Accounting Stsndards IVni¢ed Kingdom Generally Accepted Accounting Practi1. Company law requires the trustees to prepare financial ststement$ for each financial year which give a true an(4 fair view of lh8 State of affairs of the Charitable company and of the incoming rosourcos and application of resources, including the income and expenditur8, of the charitable company for that period. In prepanng those financial s¢atements. the tru51ees are required to 5el8ct Suitable accounting poli¢ie¥ and then apply them consistently.. observe the m8thods and principles in the Charity SORP", make judgements and estimates that are reasonable and prudent., prepare the financi81 statements on the going concern basis unle$$ it 1$ inappropriate to psUMe that the ¢harilable company will continue in busine&8. The truste88 are responsib for keeping proper accounting records which disclose with 8$¢nable accuracy at any time the financial position ol the charitable company and to enable them to ensure that the flnancial statements comply ¥Mth the Companies Act 2006. They are also sponsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the pvenOn and detection of fraud and other iffegularities. Page 7
Yovth Connect South Wèst Rè ist•r•d numb?r. 1 ort of the Trusle for the Yoar Ended 31 March 2024 STATEMENT OF TRUSTEES. RESPONSIBILifiES- ¢ontlnued In 50 far as the trustees are awar8= there is no relevant audit information ol which the charitab18 company's auditors are unaware., and the truste8s hsvè taken all slep$ that they OLJghl to have taken to fflake thern5efves aware of any relevant audit information and lo establlsh that the auditors are awarg of th8t inforrnation. AUDITORS ThE audltors, Sum8r Audit Co.. wll be proposed for appointmnI at Ihe forthcoming Annual General Meeting. 27" /L Approved by order of the b08rd of trustees on ..................... and signed on its behalf by.. Rev A S Pltt- Trustee Page 8
R• ort ol the Ind* endent Auditors to the Members Youth Connect South Wost Opinion W8 have aLtdited the finanoal 5taternents of Youth Connect South West lthe charitsble cornpany'l for the year ended 31 March 2024 which comprise the Stetemenl of Flnancial Activities. the Balance Sheet. Ihe Cash Flow Statement and noles to the financial statements, including a summary ot signrficant accounting pollcAes. The financial reporting framework that has been applied in their preparalion is applicabl8 law and Uniied Klngdom Accounting Standards IUni18d Kirvjdom Generally A¢pted Accounting Pra¢U'cel. In our op4nion the financial statem8nts-. gi a truè and fair Maw of the stale ol the charitable companls affairs as at 31 Mareh 2024 and of its incoming resourcès and application of reSoUe$, including its income and expenditure, forthe y8ar then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practic8'. and hav8 bg&n pr¢par8d in accordance wth the requirements ol tho Companies Act 2006. Bas18 for oplnlo We conducted our audit in accordance 1th Intemational Standards on Audrting IUKI IISAS IUKII and applicable law. Our rosponsibilibes under those standards are further described in ttte Auditors, responsibilities for th8 audit of th8 financial staternents sectlon of our report. We are Independent ol the charitable cornpany in 8¢cordance wtth th8 ethlc81 requirements that are Televant to our audit of the finandal statements In the UK, including the FRC'S Ethical St8nd8rd, an¢J we have luifilled our other ethical responsibilit185 in accordanc8 Wth th858 f8qUITements. We believe that thg audit &vid8nc8 we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relating to goin9 con¢em In auditing the finandal statements, wg have ncluded th8t the tntstge¥' u59 of the going concern basls of accounllng in the pfftparation of the financial Ststements is 8ppropriatg. Based on the work we have perfom)e¢J, we have not Idents"fied any material uncertainties relats'ng to 8vents or conditions that, individually or colbcti¥81y, may cast significant doubt on the Gharitsble company's ability to continue as a going concem lor a perlod of at least e1ve months frorn when the financial ststem8nt8 are authorised for issu•. ljjr responsibilit and the responsibilities of the tru8tse8 with r95Pgrt lo going wnc8tn are described in the relevant sections of thls pOrt. Other information The tru$¢ees are re$pgngbl8 for the other information. Thè other inforrnalion compristrs the Infomiation included in the Annual Report, other than the financi81 statèments 8nd our Report olthe Independent Auditors thereon. Our opinion on the financial statements does not cover the other infomiab.on and, exc8Pt to the 8xtent oth8rwise expliutty stated in our report, we do not express any form of assyrance Conclusion thereon. In connectll with our audit of the finan¢lal statements, our responsibility is to read the other inforrnath)n and, in doing so. consider hvhether th8 Othar inlormatson is materialty inconsistent with the financial staternents or our knowlèdge obtained in the audit or otherwise appear5 to be Tnattrrially rnisstat8iJ. If we identify such material in¢on$l$tencie$ or appanI material misstatements, we are required to deterrnine whether this gives rise lo a material misstatement in the financial statements themselves. If. based on the work w8 have perforrn8d. we conclude that there is a material rnIs5tatement of this other Informallon, we aro required to report that fact. We have nothing to report in this regard. Oplnlon$ on other mattgTS pfg¥cTlb8d bythe Cornpanies Acl 2006 In our opinion. based on the work undertaken in the course of the audit.. the Inlomiatlon glven in the Report of the Trustees for the financial year for lch th8 financial stat8rnent5 are prepared Ss eonsistent wSlh the financlal stalements., and the R8POrt of th8 TrustEes ha5 been ppad in a¢cordan¢e with applicable leg81 requirements. Matters on whi¢h we are requlred to report by exception In the light of the knowledge and understanding of the charitable company and lis enwronrnent obtain8d in the courso of the audit. we have not identified material misststements in the Report of Ihe Truste88. Vve have nothing to report in respect of the followng matters 4th8re Ihe Companies Act 20( rEquirEs us to report to you if. in our opinion.. adequate accounting COrdS have not been kept or returns adequate for our audit have not been r8CelV8d frorn branches not vlsyced by us". or lh8 financial statements are not in agreement wth the accounting records and returns., or certain disclosu$ ol trustees, MUnratIOn specifled by are not made,. or we have r¥)t received all the information and explanations w8 require for our audit,. or the trustees werb not ontitlod lo take advantage of the small companies exemption from the requirem8nt to preparo Str8tegie Report or In preparing the Report ol the Trustees. Page 9
e Inde endènt Auditors to thè Mèmbèrs of Youth Connèct South W Responslbllltles of trustees A5 explained mor8 fulty in the Statgment ol Trustees. Responsibilitles, the trustees (who are also the directors of the Charitsble company forthe purposes ol company lawl are responsble for Ihe preparation of the financial stat8ments and for b8ing s81isfied that th9y give 8 true and fair view, and for sh inlemal control a5 th8 trustees d8t8rmine t5 n8f8SS8ry to enable the preparation of financial stalements that ar8 free from mat8ri81 mi5St8tem8nt, whether due to fraud or error. In preparing tho financlal statemonts. th& trustee5 are responsible for as$e$sing the charilable compantys abilty to ¢onts"nue as a going concem, discloslng. as applicablè. matter5 related to going concern and using the going concern basis of accounting unkss the tNstee5 either int8nd to liquidate the charitable company or to ase operations. or have no rèalistic aytèmativo but to do $0. Our rèsponslbllltigs forlh¢ audlt Lif th• Ilnan¢ial Statements Our obj8ctives are to obtain reasonable assurance about whether the financial 5tatement5 a5 a whole are free from materi81 rnisststemenl, whgther due lo fraud of error. and to issue a Report ol the Independent Auditors that indud95 our opinion. R88son8ble assurance Is a high level ol assuran. bLrt is not a guarantee that an audit condueted in accordance with ISAS IUKI will aayS dete¢t a material mi55tat8mgnt when It exsis. Mis5tat8m8nts can aris8 from fraud or error and are considered mal8ri81 rf, indiwdually or in the aggregate, they could rèasonably ba axp8eted to influence the economic decisions of users laken on the basis ol th8S8 financial 5talem8nls. The extent to whlch our procedures are capable of deteetsng irregu18ritie3, induding fraud is d8taited below.. Baseil on our understanding of th8 charity and the prowsion of youth BeCeS. we Sdensfied that the prfncipal 1Ssks of non-compliance wth laws and regulations rel&ted to safeguarding. h8alth and Safety, employment law. Companies Act 2006 and Charity Law. and we considered the 8Xtent to which non-cornpliance might have a maierial effect on the financial 5taternents of the Gharity. We a150 considered those laws and gUlationS that have a direct impact on the preparation of the finanual staternents such as the Companies Act 2006 and thè Charities Statement of Re¢ommewKlgd Practice. We evaluaied m8n8gernenfs IncenVe$ and OpwrtUnlos for fraudulenl manipulat'on ol the financrdl statements (including the risk of overyide of control81 and determined that the prinapal risk6 were related to revenue recognition, anagement override, and pot8ntial lack of segregation of duties. Audit procedu$ perfomied by the audit engag8in8nt tearn included.. - discussions wth man8gem8nL including considerats.on of known or suspected instances of non-tyjmpliance th laws and regulations and fraud., - understanding and review of rnanagemenvs intemal controls designed to prevènt and datct 1rwularès, 8nd fraud- - re$W of the minutes ofthe Trustees meetings., . VIeW of tsx compliance., - designing audil procedures to incDrpor8te unpredictsbllity., performing analybcal ProdureS to idenb'fy any unusual or unexp8cled r81ationships that rnlght indicat8 risks of maierial misstsiement due tri fraud., review of the financial statements disclosures énd testing to supporting d(Umentation to assess compliance wth levant laws and regulations di5CUS5ed abovo", enquiring ol management about actual and potentSal Iltigation gnd cl81rnS'. . testing transactions entered into outside of the nornal course of the charity's business,. and Identlfylng and testlng loumal entrSes, in particular any joumal entries Wth fraud ¢haracterisb'cs su¢h as loumals th round numbers. Ther8 are inhèrent limitations in the audit procèdurès d8$erib8d above and the further removed non-compllance wtt) laws and regulations is from the events and the transactions renecled in the finan¢ial $tatement$, the le$5 likely we would become aware of it. Aso, the risk of not detecting a rnaterial rnisstatement due to traud is higher than the nsk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intents.onal misr8pr8sentation5, or through collusion. A further description of our re5pon5ibtlit18s for the audit of the financial ststements is IcAted on the Financial Reporknng Council's websita at www.frc.org.uklauditorsrespon8ibilities. This description fom)s part of our Report of the Independent Auditor5. Page 10
rt of the Ind• ond•nt Audltots to the Members of Youth Connect South West Use of our raport This report is made solely to the Charitable companrfs membets, as a b0y. in accordance with Chapter 3 of Part 16 of the Companle5 Act 2006. Our audit work has been undertaken so that we rnvJht stste to the charft8ble companls members those matters w8 ar8 required to state to them in an auditors, report and for no other purp08e. 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, foi our audit work. for this repx)rt. or for the opinions we have fonne(l. James Gare FCA DChA (Senior Statutory Audittyl for and on behalf of Sumer Audlt Co. ststutory Audrf(ors H8rmes HcrtAse Fire Fly Avenue Swindon Wiltshire SN2 2GA Date.. 19 sep.tember 2024 Pa9e11
Youth Connect South Wes statement of Financial Acttvitie ratin an Income and Ex enditurn Account for the Year Ended 31 March 2024 Ineo 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Not8S INCOME AND ENDOWMENTS FROM Donats"ons an(1 le9acies 40,202 296,506 336,708 186,697 Charltsble activities Youth and Community SeThl¢es Soeial enterprise- Cafe 1,800,842 32,333 1,800.842 32.333 1,596,655 37,621 Other trading aetwitsès Investmenl incorne 3,018 1.967 3,018 1,967 2,775 295 Total 1,878,362 296,506 2.174.868 1,824,043 EXPENDITURE ON Charltable actiwties Youth and Community Sorvl¢es Social enterprise Cafe 1,984,920 16,252 235,547 2,220,467 16,252 1,840,226 17,964 Total 2,001,172 235,547 2,236,719 1,858,190 NET INCOMEIIEXPENDITUREI 1122,8101 60,959 161.8511 134,1471 RECONCILIATION OF FUNDS Total funds brought forward 5e9.389 88,444 657,833 691.980 TOTAL FUNDS CARRIED FORWARD 446,579 149,403 595,982 657,833 Tha nol8s form part ol these financial stslements Page 12
onnèet South West Re lstered number: 11953689 nc 2024 2023 Notes FIXED ASSETS Tangible assets 15 56.261 71,728 CURRENT ASSETS Debtots: amounts falling due wthin one year Cash at bank and in hand 16 110.954 592,195 476,605 492,159 703,149 968.764 CREDoRs Amounts falling due wthin one year 17 1163.4281 1382,6591 NET CURRENT ASSErs 539,721 586,105 TOTAL ASSETS LESS CURRENT LIABILITIES 595,982 657,833 NET ASSETS 595,982 657,833 FUNDS Unrestricted funds.. General fijnd Designated fund - transition costs 20 321,579 125,000 444,389 125,000 446,579 569,389 Restricted funds 149,403 88,444 TOTAL FUNDS 595,982 657,833 These flnanclal staternents havè been prepargd in accordance the provisions appl¥¢able to charitsble compan18S subject lo the small companies regime. Thè financi81 statements were approve¢J by the Board of Tru8tee8 gnd authorised for issue £?...5+. .l&-... and were signed on its behalf by.. eL,:(4 fr,, I C D GerrLsh- Trustee The notes form part ol these financial statements Page 13
Youth Con t South West h Flow Statement nded 31 March 2024 tor the Y 2024 2023 Notès Cash Ilows from opgratlng aetivllles Cash generated frorn Opera'OnS 107,389 156,0881 Net cash prDvid8d byllu8ed inl operating 8elivitie3 107.389 158,oe81 Cash flow$ from investing acdvltie$ Purchase of tangible fixed assets Sale of tsngible fixed assets Interest received 19,3201 147,8911 9.044 295 1,967 Net eash used in investing activities 17,3531 138,3521 Changg In ¢ash and eAsh oquivalent8 in the reporting Ti1)d Cash and ¢ash •quival8nt8 at the beginnlng of the reporting pgrlod 100.036 194,4401 492.159 586,599 Cash and Cash •qulvalents at th¢ •nd of the r¢porting period 592,195 492,159 The notes form part ol these financi81 st8ternents Page 14
Youth Connect South Wèst Note t the C h Flow for the Year Ended 31 March 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FRIYI OPERATING Tmr1E8 2024 2023 Net 8XP8rFditure for the reporting period las par the Statement of Flnanclal A¢tlvftlesl Adjustments for.. Depreciation tharges Interest received Decrease in debtors D8creas8 in creditors 161.8511 134.1471 24.787 11,9671 365,651 1219,2311 20,275 12951 189,626 1231,5471 Net cash providod byllu$•d Inl op•rations 107,389 156,0881 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 N•t cash Cash at bank and in hand 492,159 100,036 592,195 492,159 100,036 592,195 Total 492,159 100,036 592,195 The not8s forrn part of these financi81 ststernents Page 15
Youth Connect Soulh Wèst Notes to th Flnancial Statemen tor tho Ye ded 31 March 2024 STATUTORY INFORMATION Youth Connect South West is a charitable eompany lirnited by guarant88. withoul Share capital. incorporated in England and Wales. In the event of the charity being wound up, the liability in respect ol the guarantee 15 lirnited to £1 per member ol the charity. The registered office addres5 and principle actlwtses of the charity Gqn be found in the Trustogs, Report. ACCOUNTING POLICIES Bas15 of preparing th• Ilnanoial 5tatem8nts The financial slaternents of the charitablè company, which is 8 publi¢ benefit èntity Lnder FRS 102, havo been prepar8d In accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charifyes.. Statem8nt ol RecoTnfflended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic ol IreLand IFRS 1021 leffeclive 1 January 20191., Flnancial Reporting Stsndard 102 The Financial Reporting Stan<Jard gpplicable in the UK and Republic of Ireland. and thg Companies Act 2006. The financial st8tements have been prepared under the hislorical co convention. The financial statements ar• prepared on 8 going concorn basis under the historfcal cost eonvantion, modified to include certain items at fair valu8. Th8 financial statements are prepad in sterling which is th8 functional currency of the ohartty and rounded lo the nearest pound. There are no slgnlflcant aroas of ludgements or key sources of estim8I'on uncertalnty. Gvlng concgrn As noted wthin Trustees Report under 'Principal risks and uncertainuos,, the Driginal 8arty help commission and licences, associat*d with the lomation ol YCSW, comes to an end on 4 November 2024, but a slx month extension has been received to May 2025. This contract has an annual value of £517k and was originally the only 5Durce of incorne,. total tumover has since grown to £2.2rn through th8 d8V8lopmenl of wder semces. The is some uncertainty about what the recommissiening of this CO contract will resutt in, but YCSW Is in an excellent position to be successful In this future tender. Whatever the outctsm8, reliance on this income has bee Significantly ieduced. Key contracts for services provided by BANES have already be8n extended beyond this Iransititsn ptsint and reserves have been built to manage the transition of other key resources such a5 property leases. Whilst this upcoming transition will b8 significant lor YCSW, the Trustees consider that the are no material uncsrtainties about the Charitys ability to continue as a going con¢em, particulady in the light of the developrnent and continued growth of new 80urces of incorne Income All incorn8 is recognised in the Statement of Financial Activitles Oncg th9 charity has entitlement tts the fijnds, it Is probable that the income wll be received and the arnount can b8 measured reliably. IncorTt8 from government and other grants, wh8lher 'capital' grants or 'revenue' grants, is wecognised when the charity has entiuement to the funds, 8ny performance conditions atts¢hed lo the granis have bgen mel, it Is probabl8 that the income sMII b8 r8C8ived and the amount can be m8a8ured rellabty and Is not d8ferr8d. For legacies. entrtlement is taken as Ihe earlier of". - the date on which tt)e charity is aware thal probate has baèn granted- - the estate has been finalised and notification has been made by the executorls) to th8 Trust Ihat a distribution 911 be made.. or - when a distribution is reWed from the estate. Receipt of a legacy, in whole or in part. is only consid8rgd probable when the amount b8 measured reliably and the charity has been notifi of the executorfs intention to make a distribution. Where legacies havè baen notified to the charity, or the charity is aware of the granting of probate. and the criteria for incorne CognItion have not been rn9t, then the legacy is a at8d as a contingent asset and disdosed if material. Exp•ndlturo Liabilities are r8cognised as expenditure as soon as there is a legal or constructive obllgatlon Committing the charity to that expendllU. il is prLibab18 that a transfer of economic benefits will be Qui in 5ettlem8nt and the amount of the obligation Can be measured reliably. Expenditure is accounted for on an a¢¢rua55 b85is and has beell classified under headings that aggregate all ¢ost related to th8 category. Where ¢ostS Cannot be directly 8ttributed lo particular haadings they have been allocated tc) actiwties on a basis consistant th the use of resources. Irr8coverdble VAT is charged against the expenditure heading forwhich it was incurred. Page 16 continued...
Youth Connect South West Nots$ to th• Financial Statomonts - continuod lor the Year Ended 31 March 2024 ACCOUNTING POLICIES- contlnued Alloeation and apportionment of ¢o$ts All costs a allocated beeen the expendlture categorfes in thè Statement of financial Actniities on a b8SiS deslgned to fleet the use of the resource. Costs rÈ18ting to a parb'culate activity are allocated directly. Support costs, including governance costs. are apportioned on th8 basis of estmaled agggate time expended on each actlvlty. Tanglbl8 frx8d asso18 Deprsciauon Is provided at the followng annual rat8s in order to write off 8ach asset over its estimated useful Fixtures and fittings Motor vehldes Computer equiprnent 25% on straighl line basls 20% on straSght line basls 25% on straight lin8 basis Financial instruments The charity has minimal exposure tr) customer credit risk, liquidity iisk and market risk. Please refer to the risk section of the truste8s annual r8POrt for information on IK)w risks ar8 managed. The charity does nol have any non b8sic fingncial instwments. Dabtors Trade and other debtors ale recognisefl at the settlement amount due after any trad8 discount offered. Prepayments are valu8d at the arnoullt prepaid net of any trade discounts due. ¢a$h at bank and in hand Cash at bank and cash in hand includes cash and short term highty liquid investments a short maturity of three months or less frorn the date of acquisition or opgning of the deposlt or similar account. Cr•ditors and provisitsns Creditws and prowsions are rg¢ognised where the charity has a present obligation resulting from a past evenl that will probably re5uII in the transfer of funds to a third party and the amount due to $etUe the obligation can be measured or ostimat8d reliably. Cr8dftors and wovi$ion8 are n(xmally recognisgd at their settlement amounl after allowSng for any trade discounts due. Flnan¢5al Instrum•nts The Charity only has finan¢ial assets and financial liabilities of a kind that qualfy as basic financial inslrum6nts. Bas5c finandal instruments are initially recognised at transaction value and 5ubsequentty measured at their settlement valuè t thè èxc8Ption of bank loans which are subsequenlly measured at amortised cost using the 8ff8ctive intarest method. Taxation The charity is exempl from corporath.on tax on its charitable activities. Fund accounting Vnrestri¢ted funds Can be used in accordan wth the Charitablo obi8CtiV8s at the discr8tion of th8 trustees. Restri¢led funds can only be used for particular restricted PuOseS Mthin the objects of the charity. R88trictions arise when sp&cified by the donor or when funds ar& raisod for partlcular re5trictad purposQY. Further explanatlon of the nature and purpose of each fund 15 includ8d in the notes lo the financt815t8ternent$. Pension sIS and other post.retirement benefits The charitable company operates a defined contrlbubon pension schème. Contributions payable to the charitable cornpany's penslon scheme are charged to the Ststement of Flnandal Acllvitles the p*riod to which they relate. Retirement benefits to employees a also provhled by the Local Govemment Pension Scheme I'LGPS'I. This is defined benefit s¢herne.The LGPS Is a funded multi4mployer scherne and the assets are held sgP8rately in separat8 truste8 administered funds. The LGPS Is managed by Avon Pension Fund. On termination 811 the assets and liabilities of the charity will be subsurned by the Counal into its Pot within the Pension Fund. and the Pension Fund will not request a laiminatn payment from tha Chaty. Thsrolorè Bath 8nd North East Somer5et Council are liable lor the LGPS deficit and as such any defiat on the sch8m8 is not recognised in these accounts. The LGPS ss tr8at8d as a d8fined contributs.on 5chemg in th889 aonts. Page 17 continued...
Youth Conne¢t South West Noios to tho Financial Stat8ments- continuod forthe Year Ended 31 March 2024 DONATIONS AND LEGACIES 2024 2023 Donath)ns and grants 336.708 186.697 OTHER TRADING ACTIVITIES 2024 2023 Other Incorne 3,018 2,775 INVESTMENT INCOME 2024 2023 Deposit account interest 1,967 295 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Youth and Community SérvSces Grants Youth work contract sessions and other support Sovths Youth Hub lettings Cafe ssles 12.439 10.500 Ywth and Cornrnunity $9rvSce8 Yovth and Comrnunity Services Sorial enterprise- Cafe 1,774.340 14.063 32,333 1,869.4S4 16,701 37.621 1,833,175 1,634.276 Grants racoivèfl. included in the ab¢)ve. are as folknws: 2024 2023 Kickstart Acc8SS to work 10,500 12,439 12,439 10,500 CHARITABLE ACTNITIES COSTS DI¢t Costs (see note 81 Support costs (see note 91 Totals Youth and Community S8rvice$ Social enteTprise- Cafe 1,709,453 16,2S2 511,014 2,220,467 16.252 1,725.705 511.014 2,236.719 Page 18 continued...
Youth Connect South No h Flnanclal Statements - con*inuod for the Year Ended 31 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff costs Activth88 and 88$8ion d8liv8ry costs Premises Tr8V81 Sundrie5 Cafe purchases 8nd rapairs Depreciation 1.422,629 121,503 107.966 29,138 3,430 16.252 24,787 1,187,053 102.985 101.850 8,090 4,172 21,306 20,275 1,725,705 1,445.731 SUPPORT COSTS Governance costs Management Totals Youth and Community Services 476.677 34.337 511,014 Support costs, Included in the above. a as follows.. 2024 Youth and Comrnunity Servieas 2023 Total hctivitiès Wages Social security Pensions Insurance Postsge. IT 2nd $tsbonery Advertising HR. wellbeing and training Irr8coverable VAT Auditorfs rernuneration L8gal and consultancy fee5 290,343 27.167 38.729 14,423 48,344 378 34.699 22.594 29,087 5,250 225,303 15.761 29,671 11,809 20,819 2,108 29,651 40,362 29,898 7,077 511,014 412,459 10. NET INCOME1{EXPENDURE) Not incomellexpenditurel is stated after charoingllcreditingl.. 2024 2023 Auditorfs rernuneration- Auditing ol the accounts Auditoffs rernuneration - Other non-audit seryices Depreciation - owned ass8is Operating lease- rent 11,000 18.087 24,787 22,000 10,530 19,368 20,275 5,500 TRUSTEES, REMUNEPATK)N AND BENEFs The Trustee. T Pike, 15 employed by the Charity. as per the Chariws constitubon, as Chi81 Executive Officèr, and eamed gross salary of £80,129 12023". £48.7841 and employers penSn contributs'on of £13,950 12023.. £11,318). The Truste8, R Walker. is 8mployed by the Charity as a youth )rker and is the Staff repr85enlatiV8 Oll the board, and eamed gross sakry of £25,62212023'. £23,213) and emKAoygr8 p8n5ion contribution 01£1.136 12023." £9951. The above only weive rgmun8ration in Spect of staff members under their contracts of employment, and not in respect of Ih¢ir rolg as tN5tees. There wer8 no other tru5t88s' remuneratk)n or other benefits for the year ended 31 Mah 2024 nor for the year ended 31 March 2023. Page 19 contlnued...
Youth Connect South We$t Notes to the Fln for the Yaar End Statomonts - eontinu•d TRUSTEES. REMUNERATION AND 8ENEFITS- Contlnued Trnstt•s' •xpèn$es There were no tw$t88s' expenses paid for the year ended 31 March 2024 nor for Ihg year ended 31 March 2023. 12. STAFF COSTS 2024 2023 Wag8s and salaries Social security costs Other pension costs 1,539,633 124.4(14 114.831 1,261,853 97,532 98,403 1,778.868 1.457.788 The average monthly number of employees during th8 year was as follows.. 2024 2023 Managernent Business team Targeted Youth Work Learning for Work Southside Partnership for Learning Education Support Sewi$ 15 16 15 17 10 74 65 The number of employees whose empwee benefit5 lexcluding employer pension costs) exceeded £60.000 was.. 2024 2023 £80.Q01 - £70,000 The average monthly number of 8mployÉe8, including members of the management team, calculated on a full lime equivalent ba515 bYd5 5212023 ..461. Kay managemellt personnel for the charity comprises the Trustees, the Chigf Executive Officer. the operatlonal manager, the financ8 Manager and the business manager. The total employee benefits lor kay mana9ement personnel ol Ihe charity were £215,62512023'. £178.8971. Included Y4ithin wage5 and 5alari8s arg redundancy payments lotslling £3,23212023.' £nill. 13. COMPAIiATIVES FOR THE STATEME OF FINANCIAL ACTNMES Unrestricted funds Reslrided funds Total funds INCOME AND ENOOWMENTS FROM Donations and lega¢ie$ 17,307 169.390 186,697 Charitabl& activitios Youth and Community ServSces Social enterprise- Cafe 1.596.655 37.621 1,596,655 37,621 Other trading activities Investment income 2,775 295 2,775 295 Total 1,654,653 169,390 1,824,043 EXPENDITURE ON Page 20 continued...
th Connect South Wast otes to the In ncial atem s-co for the Y•ar Ended 31 March 2024 13. COMPARATfvES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- contlTru•d Unrèstricted funds Restrictèd funds Total funds Ch•ritabk actmtles Youth and Community S8M Social enterprisè- Cafe 1,586,723 17.964 253.503 1,840,226 17,964 Total 1,604.687 253.503 1.858,190 NET INCOhlEIIEXPENDITUREI 49,966 184.113) 134,1471 RECONCILIATION OF FUNDS Totsl funds brought foThv8rd 519.423 172.557 691,980 TOTAL FUNDS CARRieD FORWARD 569.389 88,444 657,833 14. GOVERNMENT GRANT INCOME 2024 2023 Bath and North East Somerset Council- grants H M Revenue and Customs- kickstsrtfunding Home Offlce West of England Combined Authority D8pariment lor Work and Pensions- A¢¢e88 to Wo There were no unfulfilled coriditions or other contingencies attached to thèse grants. The ¢harity ha5 not directly benefited from any olher ftsm ol government as515tance. 40,609 8,000 10,500 67,454 86,413 29,171 12.439 15. TANGIBLE FIXED ASSETS FixluTe and fittings Motor vehicles Computer equiprnerbt Totsls COST At 1 April 2023 Additions 30,598 2.891 33,865 41,380 6.429 105,843 9,320 At 31 MaTch 2024 33,489 33,865 47.809 115,163 DEPRECIATION At 1 April 2023 Charge for year 11.446 7,129 14,679 6,773 7,99) 10,885 34,115 24.787 At 31 March 2024 18,575 21,452 18,875 58,902 NET BOOK VALUE At 31 kAarch 2024 14,914 12.413 28,934 56.261 AI 31 IAarch 2023 19,152 19,186 33,390 71,728 Page 21 continuèd...
Youth Connect So est otos th Flnancial S ents - conlinved for the Year Ended 31 March 20 16. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments and accrued income 6,927 320,524 14,312 141,769 104,027 110,954 476,605 17. CREDITORS.. AMOUNTS FALLING DUE VIITHIN ONE YEAR 2024 2023 Trade t110r5 Soc*al security and other tax other creditors Auruals an4 deferred in(x)me 19.592 35.926 22.170 85,740 3.282 50,921 633 327,823 163,428 382,659 18. LEASING AGREEMENTS Minimum leas& payments under non-cancellable operating188ses fall ¢Jue as follows.. 2024 2023 Within one year Bebw8en ono and five yèars 22,000 S1,866 22,000 73.866 73.886 95,866 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total funds Unre3tri¢ted lunds Restricl8d lunds Fixed assets Current assets Current liabilities 56,261 553.746 1163.4281 56,261 703.149 1163,4281 71,728 968,764 1382,6591 149.403 446.579 149,403 595,982 657,833 Paga 22 conltnued...
Youth Con South West Notes to th Flnancial 5ts men for the Year d d31Mar¢ ntln 20. MOVEMENT IN FUNDS Net rnovernent in fund8 At 31.3.24 At 1.4.23 UntrIct•d fvnds G8n8fdl lund Dosignatad fund - transition costs 444,389 125,000 1122,8101 321,579 125,000 569,389 1122,8101 446,579 Restrlcted funds Youth work W811being Section 106 and Community Intsstructure Levy funding Effeclivg Transitions Wami spa8 v]enCe reduction Mitchell memorial Summer and holiday fun Crime prevention fvnd Street lo studio Art awards WECA- HERS project Youth clubs in Bath South5ide access to food Music room Radsto¢k Sports hall Football kit Chil¢omplon youth wo 43,598 10 43,598 20.010 20,000 47,926 20,518 119.3111 120,6831 1,250 28,615 11651 1,250 440 2,398 5,000 5,375 3,480 17,000 20,000 736 300 500 1142} 1.000 440 2,398 5,000 5.375 3,480 17,000 20,000 736 300 500 11421 1,000 88,444 60,959 149,403 TOTAL FUNDS 657,833 161,8511 595,982 Paga 23 continued...
Youth Conn South West Inan forthey I I staternen continued ded 31 March 2024 20. MOVEMENT IN FUNDS - continued Net movement in funds. included in the abov? are as fc41ows'. Incoming sources Resourc8S expended Movement in fund5 Unrestricted funds General fund 1.878,362 12,001,172) 1122,8101 R•stFlcted funds Youth work Wellbeing Se10 108 and Community Infrastructure Levy funding Effective Transiti¢)ns Safer streets Warm spaces Vnce r8ductlon Mitchell memorial Intornship funding Ytsuth gardening Ahead of the Gam8 Surnmer and holiday fun Crime pventiOn fund Bathscape Street to Studio Art awards WECA- HERS prolect Paddlebtsards Youth clubs in Bath Southside access to food MusiG roo Radstock sports hall Photography ExhibitK)n Football knt Chilcompton youth wk 45.000 20.000 11.4021 119.9901 43.598 10 23,895 275 86,413 3,840 857 440 17.750 500 5,000 8,830 5,000 6,742 13.457 3,8¢)0 29,171 2.000 20.000 736 300 soo 1,000 143.2061 120.9581 186.4131 12.5901 1849} 119,3111 120,6831 1,250 440 117,7501 15001 15,0001 16,4321 2,398 5.000 16,7421 18.0821 13201 112.1711 12,0001 5.375 3,480 17,000 20,000 736 300 500 11.0001 11421 11421 1,000 1,000 296,506 1235,547} 60,959 TOTAL FUNDS 2,174,868 12,236,719) 161,8511 Page 24 ntinu8d...
Youth Conne¢l South West Not•$ to Flnan forthe Ye ial S Èments- ntin d 31 March 2024 20. MOVEMENT IN FUNDS- Continued Comparati¥e$ for nvernent In fvnds Net movèment in fvnds At 31.3.23 Al 1.4.22 Unrestrf¢tad fvnd¥ General fund Designatgd fund - transitlon Costs 394,423 125,000 49,966 444,389 125.000 519.423 49.966 569,389 ReStYlCt funds Soulhside Communlty Llbrary Grow rf(. Cook Quartet Community Grant We3POrt- Outreach MSN rotary Wellb9ing Section 106 ancl Community Infrastnjclurg Lewy lundlng W8sport- Crime reduction through Sport Bath Rotary club- Hair and beauty course Bath Rotsry club School for Social Enterprise Effecttve Tr8nsltlons 1.535 300 1,005 1.135 935 11,5351 13001 11,0051 11.1351 19351 20.000 20,000 91,671 3.378 143.7451 13,3781 13841 11.5001 11191 150.0771 47,926 1,500 119 70.595 20.518 172,557 184,1131 88,444 TOTAL FUNDS 691.980 134,1471 657,833 Page 25 continued...
Y041th Connèct West tes to he Finan ials for th8 Year En ernènts . co 1 Marth 2024 inu 20. MOVEMENT IN FUNDS- conlinued Comparalve net rnovement in lunds, induded in the above are as fc4low8.' Incomlng resources Resources expended Movement in funds Unrestrl¢ted frJnds General fund 1,654,653 11,604,687) 49,9e6 R•stricted fund$ Southsjde Ctsmrnunity Library Youth work Grow It. Cook It Quartet Community Grant Wesport- Oulrgath COVID Snequalities MSN rotsry Wellbeing Section 106 and Community Infrastructurè Lèvy funding Wesport- Crirne rerluction through Sport Bath Rotary ¢lub- Hair and beauty course Bath Rotary clut) School for Social Enterprise Placement funéing Eff8¢1ive Transitions Music Safer street5 Warrn spaces Young Peoplè'5 Sp9cific Trips Fundiro Cost of living crisis Bath City Cenlr& Buildlng Fund Other small restricted funds {1,5351 120,3801 13001 115,1351 11,1351 14,0001 19351 {1,5351 20.380 13001 11,0051 11.1351 14.130 4,000 19351 20,000 20,000 143.7451 18.3121 13841 11,5001 17.619) 116,8201 150,0771 15,0001 167,4541 12501 16001 11,4001 14,7621 12,1601 143,7451 13.3181 13841 11,5001 11191 4.934 7.500 16,820 150,0771 5,000 67,454 250 600 1,400 4,762 2,160 169.390 1253,5031 184,1131 TOTAL FUNOS 1,824,043 11,858,190) 134,1471 R8$trlct•d funds- d¢talls of matarial restrleted funds are: Youth Work- donations from various organisations for the prowsion of youth work Wellb8in9-funding for a wellbeing worker. Section 106 and Comrnunity Infrastructur8 Levy fundlng - funding lor Bath youth w)rk Effte Transl#ons - funding to deliver tar9eted transition sUPPOrt to enablg disadvantag8d young people in Key Stage 4 to achieve suslalnod engagernent in high-quality post-16 destinations. Safer streets- funding from the Home Office for sal&r str88ts Strget to Studlo -a bespoke training programme giving young people access to muslc production skills, vath th8 aim of developing their confid8nc8, ernployability and overall wellbeing. WECA HERS project - working with young people in year 11 within the H05Pital Educalon Reintegration Servi¢8, identified a$ needlng intensive support to achieve sy)sitive post 16 destinations Youth club5 in Bath . a grant trorn the Lott8ry Communities Fund provlding open acces5 youth work 5es5ions in the Twerton and Whiteway area8 of Bath Desl9naled fund5 This designate(I fund Is for. rtsvision for Management continulty IT infrastrCture Legal eosls - Cost relatsd io retention of Southside Youth Hub Page 26 continued...
Youth Connect South W•st Notes to the Financial Statem nt - continued for the Year Ended 31 March 2024 20. MOVEMENT IN FUNDS . continuèd . Other tran3ilion related ¢trsts 21. EMPLOYEE BENEFIT OBLIGATIONS The ehanty is a member of the Avon Pension Fund, a Local Government Pension Scherne, which is a defined banefit scheme. In these accounts it 15 treated as a defined contribution scheme as Bath and North East Somerset Council are liable for the deficit. The costlor the period was £69.911 12023". £68,769I. The eharlty also makes payments to The People'5 nSIon, a defined contribution scheme. The cost for the period was £44.92012023'. £29.6341. At the balance Sheet date contributions of £21.50212023'. £nill wgre payab to Ihe schemes. 22. RELATED PARTY DISCLOSURES There were no lated party transactions for ihe year ended 31 March 2024. Page 27