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2022-03-31-accounts

Digitally Signed Document Document ID: 4FBB74D22D9C1C

Document Details:

Filename: 31st March 2022 - Full Accounts.pdf
Client of: PJCO

Signature Details

Name: Nigel Lecky
Email: nigel.lecky@esteem.org.uk
Date & Time: 18/12/2022 20:57:06 PM (GMT)
IP Address: 82.23.33.131
Signing Statement: Nigel Lecky confirms that the information is
correct and complete to the best of their
knowledge and belief.

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Please keep a copy of this document for your records.

REGISTERED CHARITY NUMBER: 1187128

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR ESTEEM

Peter Jarman LLP trading as Peter Jarman & Company 1 Harbour House Harbour Way Shoreham by Sea West Sussex BN43 5HZ

ESTEEM

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 15
Detailed Statement of Financial Activities 16 to 17

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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).

Page 1

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES

Objectives and aims

At ESTEEM, we create space for young adults to thrive. We do this by involving young adults as partners in everything we do. Together we run a programme of social, wellbeing, volunteering and mentoring opportunities for 14 to 26-year-olds from our base in Shoreham-By-Sea.

ESTEEM provides a platform for young adults to develop their confidence, build life skills and improve their wellbeing. Young Adults, in turn, make our organisation and society a better place for everyone.

Vision and values

VISION: We want to live in a world where every young adult is trusted, supported and respected as an active and powerful member of their community.

VALUES:

TRUST: We see the best in each other. Everyone can be trusted to take the lead.

SUPPORT: When we help each other we achieve more. Everyone should get support to develop their dreams

RESPECT: We all belong here. Everyone deserves inclusion and respect.

Strategic aims

In 2020 ESTEEM undertook an organisational-wide survey to develop our strategic aims for the next four years. Together, young adults, staff and volunteers contributed to the creation of the following four aims:

1. Involve young adults as partners in everything we do

2. Create spaces for young adults to thrive

3. Promote individual development and growth

4. Develop an organisation that works as well as possible

Page 2

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ACHIEVEMENT AND PERFORMANCE

Overview

ESTEEM has bounced back well since the previous year of Covid lockdowns, both in terms of young adult engagement, and financially.

Over the year ESTEEM has made strong progress in achieving a stable financial platform supported by funders that align with ESTEEM’s values. As a result, the charity is now underway in planning our next steps. This is an exciting stage in ESTEEM’s journey, and involves deepening youth leadership within the organisation, broadening youth power in the local community, and thinking about how ESTEEM’s work can contribute to addressing systemic issues in the wider society.

Impact

ESTEEM aims to make an impact in four main ways:

During the year ESTEEM implemented a new monitoring system that has started to track performance across these areas. Whilst this is still at an early stage of training and implementation, both the quantitative and qualitative data shows that ESTEEM’s impact continues to be meaningful and long lasting. For example:

ESTEEM’s presence and impact in the community is ever increasing as it builds capacity to network, host and attend community events and work with more partners such as local schools. ESTEEM also continues to receive regular positive feedback from partners and other stakeholders, including Adur & Worthing Councils and other organisations ESTEEM works with and takes referrals from.

Feedback from young adults and other stakeholders also provides qualitative evidence of the positive impact ESTEEM continues to have.

Interim Director for Communities, Adur & Worthing Councils

"We have really enjoyed working with ESTEEM over the last year and regularly refer young people into the service for support. We have developed strong relationships with staff at the project and have been especially impressed with the level of safeguarding oversight given to new referrals and the time and care taken to induct young people into the project. We value ESTEEM as a particularly strong referral route for our young people as they can access a wide range of services through a single referral, all of which consider the intersectional identities of the young people and are delivered by a staff team that is diverse and representative of the underserved communities that they support. Additionally, we love that ESTEEM put young people at the heart of all their work and that young people’s voices are central to how the project is run and developed"

West Sussex Youth Hub Development Coordinator

Page 3

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

" I want to thank you very much for the support of ‘A’, you have no idea how he likes Fridays and he comes to you every Friday with great joy. "

Mother of a young Ukrainian refugee.

Overall Delivery

ESTEEM focuses on depth rather than breadth, but despite this, the last two years have seen a decrease in numbers due to the pandemic. However, we are pleased to report that since the end of the financial year numbers have been steadily increasing, with a projection to reach well over 200 new young adults during 2022/23.

Youth Participation

Youth participation has always been at the heart of ESTEEM’s ethos, which has been further embedded into how it works. Highlights include:

Critical support

Young people experiencing or facing crisis were offered prompt, professional and sustained support services. The Wellbeing Project has grown to reach more young people and offer a more diverse range of support, including recruiting a trans counsellor, and offering alternatives such as walk and talk sessions.

Community focus

Young adults volunteered to deliver events in the local community, and by doing so increased their networks and connection to their local community and extended family of support - including that provided by ESTEEM volunteers and staff.

Page 4

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Employment and Training

Young adults reported & showed improved employability skills as a result of ESTEEM's volunteering opportunities:

Young adults reported feeling more motivated and have a pathway to achieve their vocational goals as a result of 1-2–1 mentoring sessions at ESTEEM or in a vocational setting

Organisational overview

The Board of Trustees has grown from five to seven trustees, including on-boarding a second lived experience young trustee who has progressed out of ESTEEM support. This process included careful planning, and the new young Trustee has a mentor, with the whole board taking part in the Boost Training program for developing youth trustees and boards.

ESTEEM is now recruiting for the new role of Funding Development Manager as funding is a key priority for the organisation. This will relieve the CEO of the workload of funding applications and allow focus on organisational growth in order to secure ESTEEM's foundations and provide on-going, youth-led support to more young adults, and enable our reach to extend to those facing barriers to access.

The whole staff team undertakes reflective practice on a six-weekly basis, and a quarterly Wellbeing Week in place across the organisation, where there is time to pause, reflect and plan.

National Lottery funding was secured for a second round, as well as funding from UK Youth and Paul Hamlyn Foundation, which will enable ESTEEM to focus on our next steps of systems change.

Next Steps

The next few years represents an exciting stage in ESTEEM’s journey so far. The charity has a number of broad reaching and impactful goals which aims to see increased youth-leadership and power, both within ESTEEM and in wider society.

In 2022/23 ESTEEM will focus on increasing young adults’ wider social impact measurements, and producing a document setting out ESTEEM's Way of a Working model with specific training identified to embed this throughout the organisation. Central to this will be an updated and co-produced Strategy and Theory of Change (or equivalent) which will be supported by participatory monitoring and evaluation systems being in place that clearly highlights impact for young adults in a meaningful and youth-led way.

By clarifying the approach, young adults' journey, and outcomes, ESTEEM will be able to develop its work even further, use resources in an even more targeted way and enhance the ways in which young adults can thrive with ESTEEM and in their community.

Page 5

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

ESTEEM will also be better equipped to share its ethos and ways of working across multiple agencies and sectors in the wider Sussex support system and community. It will aim to influence attitudes and practices and encourage a more youth-led and asset-based approach.

ESTEEM has already begun sharing its approach to working with young adults with funders, and other youth sector partners. The response has been positive, such as ESTEEM’s suggestions of ways to include young people in a supportive and meaningful way, where decisions and communication can be made with young people instead of about them. ESTEEM is passionate about doing more of this and enabling young adults to develop active and critical thinking in areas that affect their lives.

FINANCIAL REVIEW

Financial position

For the year ended 31 March 2022 ESTEEM achieved a total income of £329,697. Expenditures were £319,157, with a resulting net surplus of £10,540. Total funds on 31st March 2022 were £112,719 (2021 £102,179), of which £50,487 were restricted and £62,232 were unrestricted.

Despite a noticeable fall across the sector in fundraising success rates, ESTEEM has had a successful year in raising funds and significantly improving its financial resilience. By the end of the year ESTEEM had secured funding to cover 90% of its expected requirements for the coming 2022/23 year.

ESTEEM's principal funding comes from the National Lottery and charitable trusts and foundations. Fundraising events and voluntary donations make up the majority of the remaining income.

Reserves policy

The trustees endeavour to maintain a level of reserves to provide ESTEEM with resilience to meet short to medium term financial uncertainties and to be able to continue to deliver its charitable objectives. The aim is to build reserves sufficient to cover at least three months of operational costs. As of 31st March 2022, ESTEEM's unrestricted reserves were £62,232 representing approximately 2.1 months of operational costs.

The trustees consider that, whilst less than the three months objective, these reserves were sufficient having regard to the level of secured funding, the track record in building reserves and the charity's plans to continue to improve the position over the coming year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing document. The nature of the governing document is a Constitution. The charity is registered as a charitable incorporated organisation with the Charity Commission.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1187128

Principal address

Esteem, The Old School House Ham Road BN43 6PA Shoreham-by-Sea West Sussex

Page 6

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Trustees

Ms R Rieley Mr P Hudson Mr N Lecky Mr J Brinicombe Ms S O'Dowd Ms R Batten (appointed 1.5.21) Ms P Parker (appointed 1.5.22)

Independent Examiner

Peter Jarman FCCA Association of Chartered Certified Accountants (ACCA) Peter Jarman LLP trading as Peter Jarman & Company 1 Harbour House Harbour Way Shoreham by Sea West Sussex BN43 5HZ

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ESTEEM

Independent examiner's report to the trustees of Esteem

I report to the charity trustees on my examination of the accounts of Esteem (the Trust) for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Association of Chartered Certified Accountants (ACCA) which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Peter Jarman FCCA Association of Chartered Certified Accountants (ACCA) Peter Jarman LLP trading as Peter Jarman & Company 1 Harbour House Harbour Way Shoreham by Sea West Sussex BN43 5HZ

Date: .............................................

Page 8

ESTEEM

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
31,064
Other trading activities
2
2,811
Other income
-
Total
33,875
EXPENDITURE ON
Charitable activities
General
16,996
Other
111
Total
17,107
NET INCOME/(EXPENDITURE)
16,768
Transfers between funds
8
24,915
Net movement in funds
41,683
RECONCILIATION OF FUNDS
Total funds brought forward
20,549
TOTAL FUNDS CARRIED FORWARD
62,232		 Year Ended
31.3.22
Restricted
Total
fund
funds
£
£
291,717
322,781
105
2,916
4,000
4,000
295,822
329,697
301,542
318,538
508
619
302,050
319,157
(6,228)
10,540
(24,915)
-
(31,143)
10,540
81,630
102,179
50,487
112,719		 Period
1.6.20
to
31.3.21
Total
funds
£
270,292
395
96,184
366,871
264,020
672
264,692
102,179
-
102,179
-
102,179

The notes form part of these financial statements

Page 9

ESTEEM

BALANCE SHEET 31 MARCH 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
5
129
CURRENT ASSETS
Debtors
6
400
Cash at bank and in hand
61,928
62,328
CREDITORS
Amounts falling due within one year
7
(225)
NET CURRENT ASSETS
62,103
TOTAL ASSETS LESS CURRENT
LIABILITIES
62,232
NET ASSETS
62,232
FUNDS
8
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
1,120
3,483
99,021
102,504
(53,137)
49,367
50,487
50,487		 2022
Total
funds
£
1,249
3,883
160,949
164,832
(53,362)
111,470
112,719
112,719
62,232
50,487
112,719		 2021
Total
funds
£
1,708
-
109,426
109,426
(8,955)
100,471
102,179
102,179
20,549
81,630
102,179

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Trustee

The notes form part of these financial statements

Page 10

ESTEEM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its useful life.

Plant and machinery - 20% on cost Computer equipment - 33% on cost

Taxation

The charity is exempt from 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.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
Period
1.6.20
Year Ended to
31.3.22 31.3.21
£ £
Fundraising events 2,916 395

continued...

Page 11

ESTEEM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the period ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the period ended 31 March 2021.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
18,041
Other trading activities
395
Other income
39,770
Total
58,206
EXPENDITURE ON
Charitable activities
General
14,708
Other
240
Total
14,948
NET INCOME
43,258
Transfers between funds
(22,709)
Net movement in funds
20,549
TOTAL FUNDS CARRIED FORWARD
20,549		 Restricted
fund
£
252,251
-
56,414
308,665
249,312
432
249,744
58,921
22,709
81,630
81,630		 Total
funds
£
270,292
395
96,184
366,871
264,020
672
264,692
102,179
-
102,179
102,179

continued...

Page 12

ESTEEM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

5. TANGIBLE FIXED ASSETS

Plant and
machinery
£
COST
At 1 April 2021 and 31 March 2022
1,842
DEPRECIATION
At 1 April 2021
368
Charge for year
369
At 31 March 2022
737
NET BOOK VALUE
At 31 March 2022
1,105
At 31 March 2021
1,474
6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
8.
MOVEMENT IN FUNDS
Net
movement
At 1.4.21
in funds
£
£
Unrestricted funds
Unrestricted funds
20,549
16,768
Restricted funds
Restricted funds
81,630
(6,228)
TOTAL FUNDS
102,179
10,540		 Computer
equipment
£
324
90
90
180
144
234
2022
£
3,883
2022
£
3,274
50,088
53,362
Transfers
between
funds
£
24,915
(24,915)
-		 Totals
£
2,166
458
459
917
1,249
1,708
2021
£
-
2021
£
8,955
-
8,955
At
31.3.22
£
62,232
50,487
112,719

continued...

Page 13

ESTEEM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

8. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
Unrestricted funds
33,875
Restricted funds
Restricted funds
295,822
TOTAL FUNDS
329,697
Comparatives for movement in funds
Net
movement
in funds
£
Unrestricted funds
Unrestricted funds
43,258
Restricted funds
Restricted funds
58,921
TOTAL FUNDS
102,179
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
Unrestricted funds
58,206
Restricted funds
Restricted funds
308,665
TOTAL FUNDS
366,871		 Resources
Movement
expended
in funds
£
£
(17,107)
16,768
(302,050)
(6,228)
(319,157)
10,540
Transfers
between
At
funds
31.3.21
£
£
(22,709)
20,549
22,709
81,630
-
102,179
Resources
Movement
expended
in funds
£
£
(14,948)
43,258
(249,744)
58,921
(264,692)
102,179

continued...

Page 14

ESTEEM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Page 15

ESTEEM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
Period
1.6.20
Year Ended to
31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts - 1
Donations 42,033 15,526
Gift aid 15 22
Grants 277,196 252,928
Donated services and facilities 3,537 1,815
Other trading activities 322,781 270,292
Fundraising events 2,916 395
Other income
Assets brought in from charity 1058540 on
01.06.2020 - 92,184
Employment allowance 4,000 4,000
4,000 96,184
Total incoming resources 329,697 366,871
EXPENDITURE
Charitable activities
Postage and stationery 205 174
Publicity and promotions 3,132 3,068
Venue hire 260 6,895
Volunteer expenses 1,608 2,781
Insurance 1,557 1,283
Travel 1,371 2,708
Staff well-being 752 952
Kitchen 220 1,603
Cleaning 1,004 770
Wages 238,824 156,084
Tax & social security 17,405 11,433
Pensions 4,379 2,771
Recruitment 1,599 1,839
Training 1,778 2,777
Subcontractors 8,811 27,045
Carried forward 282,905 222,183

This page does not form part of the statutory financial statements

Page 16

ESTEEM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2022
Period
1.6.20
Year Ended to
31.3.22 31.3.21
£ £
Charitable activities
Brought forward 282,905 222,183
Activity resources 9,248 4,338
Social enterprise 137 185
Office rent & upkeep 15,231 1,742
Other 307,521 228,448
Bank charges 161 214
Depreciation of tangible fixed assets 458 458
Support costs 619 672
Finance
Professional fees 8,371 8,258
Information technology
Telephone 2,676 2,935
Office equipment (663) 22,983
Subscriptions 633 1,396
2,646 27,314
Total resources expended 319,157 264,692
Net income 10,540 102,179

This page does not form part of the statutory financial statements

Page 17