‘Releasing the Passion within’
Holistic Provision for Minority Young adults
Trustees Annual Report
2023-2024 Financial Period Charity Registration Number: 1186083
We are pleased to provide you with our 2023/24 Trustees Annual Report which sets our achievement this financial year and our intended work in 2024/25 and beyond.
We extended our after-school Maths and English club across East England so that teenagers and young adults can develop an interest in Maths and English to adequately prepare for their relevant exams and qualifications. This supplementary teaching and learning enabled students to improve their Maths and English skills.
There is a high demand for our training programmes but available spaces for young people are limited. We are encouraging donations to enable us to further increase our intake of beneficiaries.
Financial Overview
Our total incoming resources in 2023/24 was £4,565 and resources expended was £4,400.
During the year under review, our fundraising activities increased from £1,200 to £1,580. This was due to the collective effort of our volunteers who continue to work tirelessly to transform the lives of young people.
We received a total of £1,500 from families and friends and from other EYM supporters.
Our Church donations increased from £500 to £790. This is due to their belief in the value of the work we are doing.
During the year under review, we spent £1,375 in our GCSE and A Level Maths and English provision and in our Employability Skills provision for young people across South East England.
Educational resources materials amounted to £123. This is due to a reduction in some of our courses.
Our volunteer expenses fell from £520 to £210. This is due to increased control. In addition, some volunteers agreed to forgo their expenses due to the fact that they believe and can relate to our work with young people.
Future Plan
Our plan for the next financial year is to continue to increase our Maths and English provisions and provide more workshops and training in Music, performing Arts and Creative Arts, to enable more young adults to connect with other young adults.
We will continue to provide inspiring workshops and training for young people in settings where they feel comfortable and safe. The workshops
and training programmes will also contribute significantly to their quality of life and help in the process of developing their whole being.
Our Organisational structure and Management
Empowering Young Minds (EYM) is a registered charity. The charity was founded 2019 and became a registered charity in 2020. The governing body of the organisation is the Board of Trustees. The Board meets regularly to plan and implement fund raising programmes and activities, discuss activities for implementation to meet our strategic goals and monitor the outcomes and progress of programmes and activities.
Our Vision:
Our vision is to unlock the passion and talent of young adults and together we will create the right environment and structure for them to thrive.
Our Mission:
EYM wishes to bring new life and hope to young adults by providing them with the skills which will empower them to transform their lives.
Our Object:
To advance in life and relieve needs of young people in South East England through:
(a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
(b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals;
(c) Advancing education.
We believe that:
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Children and Young adults have innate qualities, talents and potentials which can be tapped and fully utilised, with support and encouragement.
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Young adults should be provided with equality of opportunity and be encouraged to develop the concept of mutual respect.
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Young adults should be provided with the facilities and resources which will enable them to take control of their lives and participate effectively in their communities.
• Youth work changes lives, therefore, we champion all those who support young adults, particularly the role of volunteers in youth work.
Thank you to our donors
Empowering Young Minds (EYM) relies heavily on funding from donors and fundraising activities to make a difference to the lives of young people. We wish to thank all our donors for giving hope and new life to young adults.
Volunteers
We wish to thank our small team of volunteers who serve in various ways and capacities round the clock, endlessly and tirelessly, to ensure that the strategic goals of our organisation are met.
A number of our face to face public engagement events and other work would not be possible without the contribution of our volunteers. We are very grateful to all those who have contributed to our work over the past year.
We particularly want to thank our Inspirational Speakers and the facilitators for our Maths, English and Employability Skills trainers who gave voluntary services in their respective areas of expertise.
Risk management
The Trustees have in place a system of control for the authorisation, payment and monitoring of programmes and activities.
| Empowering Young Minds (EYM) Statement of Financial Activities Accounting Period 1st April 2023 to 31st March 2024 Incoming Resources Trustees Contributiions Fundraising Activities Donations from Family /Friends / Supporters Church Donations Benefits in Kind Re Hall & Office Hire Beneficiaries Contribution to training costs Total Incoming Resources Resources Expended Inspirational Speakers benevolence Facilitators training Maths & English & Employability Skills Educational Resources Materials Website/ Internet/ Zoom Costs Website maintenance & management Office Costs Youth Centre Activity Costs Food & Entertainment for young People Hall Hire costs Volunteer Expenses Total Resources Expended Excess Income / Expenses |
Mar-24 ££ 500 1580 1500 790 195 |
Mar-23 ££ 820 1200 1520 500 1550 550 |
|---|---|---|
| 4,565 | 6,140 | |
| 0 1375 123 246 188 205 1065 338 650 210 |
688 1067 328 220 200 98 725 525 1800 520 |
|
| 4,400 | 6,171 | |
| 165 | -31 |
Statement of Assets & Liabilities as at 31st March 2024
| Fixed Assets Computer /Printer/ Accessories Laptop Office Furniture Total Fixed Assets Current Assets Cash & Bank Balance Current Liabilities Net Current Assets Long Term Loan Net Assets of the Charity Total Funds of theOrganisation |
641 550 430 |
641 550 430 |
|---|---|---|
| 1,621 | 1,621 | |
| 270 - |
105 - |
|
| 270 | 105 |
|
| 1500 | 1500 |
|
| 391 | 226 | |
| 391 | 226 |