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2023-03-31-accounts

Digitally Signed Document Document ID: BDCA6BEC49C184

Document Details:

Filename: Updated March 2023 Accounts.pdf
Client of: PJCO

Signature Details

Name: Nigel Lecky
Email: nigel.lecky@esteem.org.uk
Date & Time: 19/12/2023 16:06:34 PM (GMT)
IP Address: 92.40.196.213
Signing Statement: Nigel Lecky confirms that the information is
correct and complete to the best of their
knowledge and belief.

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On behalf of: PJCO
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Digital certificate issued by: GlobalSign

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 2023

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 2023

Page
Report of the Trustees 1 to6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10to 14
Detailed Statement of Financial Activities 15to 16

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Why ESTEEM exists

Headline statistics for the year

7819 contact youth-work hours 241 young adults in contact with ESTEEM 188 engaging in sessions

Breakdown of sessions by area:

209 mentoring sessions 167 counselling sessions 268 social activities 102 work experience/volunteer sessions (approximately 4 hours each)

Breakdown of young adult engagement by area:

62 in Work experience 111 accessing Social Activities 14 - in Counselling (an average of 20 sessions per person) 25 - in Mentoring 32 - in Participation

How and why we do what we do

(Overview)

At ESTEEM, everything that happens is based on our 3 underpinning values: Trust, Support and Respect.

These values drive our own particular approach. We are focused on people's strengths and avoid othering young adults by labelling. We build from strengths and actively facilitate independence and initiative, aiming for young adults to work jointly with staff to create and embed progress in their lives. We offer young adults the time they need to trust and experience being trusted, to learn and to grow. Within ESTEEM, the emphasis is on everyone working together to create a safe and creative space of mutual respect, belonging, learning and growth.

Young adults can access a range of person centred, wraparound opportunities. These include 1-2-1 support, in the form of support to engage, mentoring, counselling and wellbeing sessions such as Walk and Talk. We also provide group activities where there's space to develop social relationships and the chance to get outside, get active, and have a meal. We offer volunteering and work experience opportunities wherever possible.

Crucially, there are chances for any young adult to contribute at every level of ESTEEM, from supporting others to influencing decisions and being directly involved in how ESTEEM is run. Through this range of opportunities, young adults can access the support they need to survive and cope with their life challenges and to create positive changes in their own lives. The safe environment we foster also helps young adults to feel a sense of belonging and to contribute to others, both of which are linked to improved confidence, self-ESTEEM and development of agency. These are the developments that we strive for in our work together.

Page 1

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

We believe that accessing our support and activities can help young adults to develop positive cycles, despite any inequities or complex barriers they face. Young adults can access support to develop the capacity to thrive in their adult lives in the longer term. By continuing to grow and value themselves, young adults can make a meaningful contribution to others around them (their peers, families and communities). These developments are linked to each other and reinforce each other. For example, belonging and confidence promote contribution to others and the experience of this increases belonging and confidence even further.

The 2023 Road Ahead report by the National Council for Voluntary Organisations (NCVO) focuses on the impact of cost-of-living pressures on the third sector and identifying key predictions for the immediate to medium term future. First and foremost it highlights that running costs have already risen dramatically and will continue to rise, with high inflation affecting energy

prices, consumables and staff wages. With regard to income, there are risks presented by trends of decreasing income for voluntary organisations with budgets under £1 million, and higher demand for what is a fairly static funding pot from local Councils and from non-statutory funders . The NPC report Recognising social value in public procurement (September 2022) estimates that public sector contracts do not usually cover full costs and are becoming increasingly short term as Councils face their own unprecedented budget pressures. Research by ProBono Economics and Nottingham Business School found that 55% of charities are using reserves to meet operating costs which is a sustainability risk. Whilst ESTEEM is not in this position currently, it is evidence of a challenging financial environment for our organisation and we need a better diversification of income to mitigate potential losses or end of current funding streams. The decision of West Sussex County Council to sell our much-loved building (the Old School House) is an additional pressure. Alongside this, our services are needed more than ever before, with government statistics showing a 25% increase in the number of young people with an identified mental health need and NHS mental health services for children and young people increasingly unable to meet more than a fraction of demand . Several voluntary sector young people's services in Sussex have recently closed, unable to sustain their required income. These environmental factors indicate that a time of consolidation and a focus on financial sustainability is the right focus for ESTEEM. It does not preclude ambition for growth, but it highlights the need for financial caution in our decision making over the short to medium term.

ESTEEM has enjoyed a period of rapid growth in income, staffing and range of support options. This has enabled us to offer more opportunities for young adults to cope with challenging life situations and to develop and thrive now and into the future. We are all confident that what we are doing is working and now we want to be able to evidence this strongly to ourselves, to young adults who are not yet accessing our opportunities, to the communities in which we work and to those who might potentially fund our current and future delivery. Our young adults' strategy working groups and staff, in particular, feel that now is the time to consolidate our practices, consider our impact for individual young adults and how this can be maximised and to ensure we are the best we can be. All of these considerations have guided our strategic aims and goals.

Page 2

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

This year in detail

A summary of ESTEEM's 3-year Strategic Aims and key developments over the last year:

Aim 1: Involve young adults as partners in everything we do

Two young adults, three members of staff and one trustee have made good progress against Participation Objectives.

Six young adults formed an organisational strategy working group that met over a series of workshops led by strategic consultant, Anne Rathbone. The group were helped to understand the purpose of an organisational strategy before deciding on their own strategic priorities and then joining the staff and trustee strategy away-day as equal partners.

A draft ESTEEM Young Adult payment policy has been developed, by staff in consultation with young adults, to bring consistency and transparency to how we recognise young adults' contributions to participation projects at ESTEEM.

Aim 2: Create spaces for young adults to thrive

ESTEEM has connected with the Ukrainian community within West Sussex following a successful funding bid to support integration of Ukrainian refugees. In addition, ESTEEM is hosting two training providers on supporting all youth refugees. Local youth providers are invited, upskilling 40 staff and volunteers. This project was in collaboration with Syd Youth, and is with thanks to Adur & Worthing Council for funding.

We delivered a 4-day Easter holiday HAF (Holidays, Activities and Food) Programme with funding from WSCC. Activities included swimming, bushcraft, indoor climbing, rifle shooting, bowling and volleyball. 15 young adults aged between 14-16 years attended in total, many attending on multiple days.

Page 3

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Aim 3: Promote individual development and growth

Several workshops have been held for over 30 young adults and staff, including "Getting in the yes pile" focusing on applying for jobs and CV building, and a barista workshop at The One Church in March. A workshop on Accessible Communication led by a young adult at ESTEEM, covered verbal and nonverbal communication, the neurodiverse umbrella and understanding sensory processing disorder.

We restructured our ongoing training offer for mentors. The first training session on growth mindset, see here. Some key partnerships were developed with well-reputed organisations including:-

Peer Power - collaboration amplifying youth voice in political and social spheres, training and workshops

Shoreham Academy - a partnership bringing an ESTEEM counsellor into Shoreham Academy once a week to help alleviate waiting lists and continue to foster good relationships

Aim 4: Develop an organisation that works as well as possible

Final updates

Over the year, ESTEEM's staff team has grown to 12 staff (9.3 FTE), from 10 (7 FTE). This includes introducing a full-time Wellbeing youth-worker, and a fundraising team (Head of Fundraising, and Community Engagement Assistant) to support the CO.

The Old School House, where ESTEEM is based, is at risk of being sold by the local district council. The Council have told us they need to sell our building. We have a plan to purchase our home from the council, and have shared this with Dr Catherine Howe, A7W Chief Exec, and her team in a positive first meeting.

We couldn't afford to compete on the open market with developers, so are hoping to find an alternative solution that works for both us and the Council. Our main aim is to keep our doors open to the 250 young adults who call Old School House home. So we are now asking our community and partners from across different sectors, to get behind us and show their support.

Page 4

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

FINANCIAL REVIEW

Financial position

For the year ended 31 March 2023 ESTEEM achieved a total income of £415,646. Expenditures were £356,936, with a resulting net surplus of £58,710. Total funds on 31st March 2023 were £171,429 (2022 £112,719), of which £97,194 were restricted and £74,235 were unrestricted.

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

ESTEEM maintains financial reserves to ensure the continuity of the quality and level of service provided to young adults. These resources enable the charity to respond to volatility in income and to cover unforeseen events or to explore opportunities. Over the coming five years, the trustees aim to build reserves sufficient to cover six months of operational costs, with the medium-term goal of reaching three months in one to two years.

As of March 31, 2023, ESTEEM's unrestricted reserves were £74,235, equivalent to two months of operational costs. The trustees believe this level reserves, while below the medium-term goal, is sufficient considering secured funding, ESTEEM’s reserve-building history and plans to enhance fundraising, including the recruitment of a specialist fundraising manager.

Page 6

ESTEEM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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

Trustees Ms A Rathbone (appointed 29.10.2023) Mr P Hudson Mr N Lecky Ms S O'Dowd Ms R Batten Ms P Parker (appointed 1.5.22)

Independent Examiner Peter Jarman FCCA 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 6

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 2023.

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 member of the Association of Chartered Certified Accountants, 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

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

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

Page 7

ESTEEM

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Notes
Unrestricted
funds £
INCOME AND ENDOWMENTS FROM
Donations and legacies
51,870
Other trading activities
Other income
2
1,078
-
Total
52,948
EXPENDITURE ON
Charitable activities
General
27,972
Other
216
Total
28,188
NET INCOME
Transfers between funds
24,760
(12,757)
62,232
8
Net movement in funds
12,003
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
74,235		 Restricted
fund £
357,698
-
5,000
362,698
328,361
387
328,748
33,950
12,757
46,707
50,487
97,194		 2023
Total
funds
£
409,568
1,078
5,000
415,646
356,333
603
356,936
58,710
-
58,710
112,719
171,429		 2022
Total
funds
£
322,781
2,916
4,000
329,697
318,538
619
319,157
10,540
-
10,540
102,179
112,719

Page 8

ESTEEM

BALANCE SHEET 31 MARCH 2023

Notes
Unrestricted
funds £
FIXED ASSETS
Tangible assets
5
49
CURRENT ASSETS
Debtors
Cash at bank and in hand
6
-
121,277
121,277
CREDITORS
Amounts falling due within one year
7
(47,091)
NET CURRENT ASSETS
74,186
TOTAL ASSETS LESS CURRENT
LIABILITIES
74,235
NET ASSETS
74,235
FUNDS
Unrestricted funds
Restricted funds
8
TOTAL FUNDS		 (54,491)
Restricted
fund £
742
6,483
144,460
150,943
96,452
97,194
97,194		 2023
Total
funds
£
791
6,483
265,737
272,220
(101,582)
170,638
171,429
171,429
74,235
97,194
171,429		 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

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

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

Page 9

ESTEEM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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

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.

2. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
2023 2022
£ £
Fundraising events 1,078 2,916

continued...

Page 10

ESTEEM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

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

continued...

Page 11

ESTEEM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

5.
TANGIBLE FIXED ASSETS
Plant and
machinery
£
COST
At 1 April 2022 and 31 March 2023
1,842
DEPRECIATION
At 1 April 2022
737
Charge for year
368
At 31 March 2023
1,105
NET BOOK VALUE
At 31 March 2023
737
At 31 March 2022
1,105
6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pension control
Deferred income
8.
MOVEMENT IN FUNDS
Net
movement
At 1.4.22
in funds
£
£
Unrestricted funds
Unrestricted funds
62,232
24,760
Restricted funds
Restricted funds
50,487
33,950
TOTAL FUNDS
112,719
58,710		 Computer
equipment
£
324
180
90
270
54
144
2023
£
6,483
2023
£
3,161
7,010
-
91,411
101,582
Transfers
between
funds
£
(12,757)
12,757
-		 Totals
£
2,166
917
458
1,375
791
1,249
2022
£
3,883
2022
£
3,274
-
1,097
48,991
53,362
At
31.3.23
£
74,235
97,194
171,429

continued...

Page 12

ESTEEM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

8. MOVEMENT IN FUNDS - continued

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

At
1.4.21 £
20,549
81,630
Unrestricted funds
Unrestricted funds
Restricted funds
Restricted funds
TOTAL FUNDS
Comparatives for movement in funds for 2021/22:
Unrestricted funds
Unrestricted funds
Restricted funds
Restricted funds
TOTAL FUNDS
102,179
Comparative net movement in funds, included in the above are
Unrestricted funds
Unrestricted funds
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
resources
£
52,948
362,698
415,646
Net
movement
in funds £
16,768
(6,228)
10,540
as follows:
Incoming
resources
£
33,875
295,822
329,697		 Resources
expended
£
Movement
in funds £
(28,188)
24,760
(328,748)
33,950
(356,936)
58,710
Transfers
between
funds £
At
31.3.22
£
24,915
62,232
(24,915)
50,487
-
112,719
Resources
expended
£
Movement
in funds £
(17,107)
16,768
(302,050)
(6,228)
(319,157)
10,540

continued...

Page 13

ESTEEM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 14

ESTEEM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants
Donated services and facilities
Other trading activities
Fundraising events
Other income
Employment allowance
Total incoming resources
EXPENDITURE
Charitable activities
Postage and stationery
Publicity and promotions
Venue hire
Volunteer expenses
Insurance
Travel
Staf well-being
Kitchen
Cleaning
Wages
Tax & social security
Pensions
Recruitment
Training
Subcontractors
Activity resources
Social enterprise
Ofce rent & upkeep
Other
Bank charges
Depreciation of tangible fxed assets
Support costs		 2023
£
33,562
320
369,061
6,625
409,568
1,078
5,000
415,646
25
9,093
-
847
1,878
5,997
1,245
-
1,991
253,586
22,303
5,179
354
1,573
13,429
11,079
-
8,283
336,862
145
458
603		 2022
£
42,033
15
277,196
3,537
322,781
2,916
4,000
329,697
205
3,132
260
1,608
1,557
1,371
752
220
1,004
238,824
17,405
4,379
1,599
1,778
8,811
9,248
137
15,231
307,521
161
458
619

Page 15

ESTEEM

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Support costs
Finance
Professional fees
Information technology
Telephone
Ofce equipment
Subscriptions
Total resources expended
Net income		 2023
£
11,412
2,668
40
5,351
8,059
356,936
58,710		 2022
£
8,371
2,676
(663)
633
2,646
319,157
10,540

Page 16