2020-08-31-accounts - Ymm

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YOUNG MINDS MATTER

ANNUAL REPORT

AND

STATEMENT OF ACCOUNTS

FOR THE YEAR ENDED 31ST AUGUST 2020

CHARITY REGISTRATION NUMBER 1187987

Independent Examiners Ltd

Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

YOUNG MINDS MATTER

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2020

	Page
Legal and Administrative Information	3
Independent Examiner's Report on the Accounts	4
Trustees' Report	5 to 8
Statement of Receipts and Payments	9
Statement of Assets and Liabilities	10
Notes to the Accounts	11 to 13

YOUNG MINDS MATTER

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1187987

START OF FINANCIAL YEAR

END OF FINANCIAL YEAR

TRUSTEES AT 31 AUGUST 2020

17 February 2020 31 August 2020 Susan Carol Roberts (Chair) Appointed 9th August 2019 Sally Bass Appointed 9th August 2019 Kevin Wright Appointed 9th August 2019, Resigned 29th July, 2020

The existing trustees appoint any new trustees following the provisions laid out in the CIO's governing instrument. Although at the financial year end the CIO is not quorate Dr John Frazier Jackson has been proposed to be appointed and Natalie Dowsett, Harriet Stevens, Harry Burnett are due to be appointed in the next financial year.

GOVERNING INSTRUMENT

CIO - FOUNDATION Registered 17 February 2020

REGISTRATION DATE

17th February 2020

OBJECTS

To act as a resource for young people by providing advice and assistance and organising programmes of educational and other activities as a means of:

a) Advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals;

b) Advancing education, particularly social and emotional learning.

REGISTERED ADDRESS

1 Bryon Road Stratford-upon-Avon CV37 7JP

PRIMARY BANKERS Natwest Bank Plc Leicester Customer Service Centre Bede House, 11 Western Boulevard Leicester LE2 7EJ

INDEPENDENT EXAMINER

Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF

YOUNG MINDS MATfER IP4DEPENDENf EXAMINER'S REPORT ON THE AccouNrs FOR THE YEAR ENDED 31ST AUGUST 2020 R4)crt to the trustee51 mwnbws ofyn9 Mlnds Mattw on the accounts the year endl31st August 2020. R•sp•CtI r•BpoMilJilitie• of trustths and •xamln•r The ao% tntstees re5ponsble the preparath?n of the &cwnts. The ao's trust conshyw that an audfc i% not wulr&l for thts year undw sertknn 144 of the chleS Act 2011 (the Charfcfe5 Act) and that an independt xaminatth is ned. It is my responslbllity to.. examlne the accounts under 5ectTh) 145 of the Charties Att, to follow the prOclureS laid down kn the go)eral Dtrectlons gw by the ao Commi55kn {undtr serti 145151(b) of the Chwftie5 Act, and to state whher particular mattws have come to my attent 8asis of ind•p•nd•nt •xaminerfs t•m•nt My examknatk)n vlas car out xcordance wfch geral dItjnS gNen by the Charlty CommLssion. An eKamination l£ludes a of the occwntlng words kept by the Cto and a compartson of the accounts presented with those records. It a150 in(deS tls1d&1)n of any unusual ErnS or dtsClosuS In the xcounts, and Se9 explanatknns from the trust ccncwnlng such Tnatters. The procvjures undertakfn do not prov(de all the eV1YCe that would be wU1j In an audlt, and consequentty no oplnlon is giveJh a5 to whÉth& the accounts pre$t a'true and frdirf Mew and the report is limtl to those matters s& out kn the stateMt bdow. Independent •xamin•rfs tatemert In cOnntll wfch my examInath, no ffl&ter has come to my ttIon whlch gfve5 me rOnable cause to belvle that n, any matedal resplrt. the Ulrts. to keep aCCntg r$ in CdanCe wth sectth 130 ofthe Charltles Act: and to prepare accounts accord wfch the accounting records and ctxmpty with the xcounting r?]U6remts of the chart Act have not bea) m&: or to whkh, In my (fjlnlon. atttth shoukl be drawn h ordw to W¢ab a proper undwstanding of the accounts to be r&iched. Donna Lp Independent Examknws Ltd Unit 2 The Broadrldge Busine55 Cwhtre Delllng Lane Bosham Ff118 8NF D&e: 16th Decanber 2021

YOUNG MINDS MATTER

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST AUGUST 2020

TRUSTEES REPORT

The Trustees of Young Minds Matter present their annual report and financial statements for the year ended 31st August 2020 under the Charities Act 2011 and the Companies Act 2006. The Trustees are satisfied to the best of their knowledge that these statements comply with the current statutory requirements and are in accordance with the Charity Commissions Statement of Recommended Practice SORP 2015.

Background

Young Minds Matter began in 2017 by way of a charity concert, with the aim of not only showcasing the musical talents of 70 talented young people, but also to raise awareness of mental health in young people and to bring to the audience some inspirational speakers. Spurred on by the £37,100 raised at this concert as well as incredibly positive feedback, another successful concert was held in 2019.

Following the 2019 concert Young Minds Matter became a registered charity. Our mentoring service was originally launched in 2019, with experienced mentors at local secondary schools. Young Minds Matter offer free 1:1 mentoring which helps young people to develop resilience and build self-esteem and confidence as well as offering guidance in a non-judgemental manner.

OBJECTIVES AND ACTIVITIES

The objectives of Young Minds Matter are as follows:

To act as a free resource for schools by offering young people guidance and support in the form of 1:1 mentoring in schools as a means of helping young people to develop life skills and capabilities to enable them to fulfil their potential.
To raise awareness and funds for young people’s mental health by utilising the arts in fundraising concerts, showcasing young talent and engaging and encouraging young people in our activities in order to build confidence and self-worth and further develop their skills and experience.
To widen our support network for young people to additional schools and other associated educational establishments.

The objectives are reviewed each year to ensure that they continue to reflect our aims.

ACHIEVEMENTS AND PERFORMANCE

Through our 1:1 mentoring service, young people are gaining and/or restoring their self-esteem and confidence and as a result are less anxious or angry and are more motivated and focused. This benefits the families and school staff who are then relieved of pressures, setbacks in academic and social development, and anxieties they have been experiencing before mentoring.
With the fundraising concerts showcasing young talent and raising awareness of mental health in young people, Young Minds Matter is driving further funds into improving young people’s mental health as well as enabling people to be better informed and more willing and able to contribute to our cause.
Through our activities in schools engaging and enthusing young people (for example with our Young Ambassadors initiative) we are helping to create and build resilience, independence, confidence and motivation to inspire creativity and achievement for all young people.

YOUNG MINDS MATTER

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST AUGUST 2020

During this year;

Young Minds Matter was incorporated as a registered charity.
Launched a 1:1 mentoring scheme in four local schools.
Sourced and built relationships with other schools in the county in order to further our mentoring offering.
During the spring and summer of 2020, it became apparent that the trustees were unable to agree on the direction of the charity. Independent advice was sought from AFVS (now Trust Advice) and it was that Sally Bass and Keven Wright would resign their position as trustees, to establish a separate charity, and the cash at hand would be split fairly between YMM and the new charity. The financial effect of this was still being finalised at the time of this report.

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing Document

YMM is a Charitable Incorporated Organisation CIO governed by a Constitution made on 11[th] November 2019.

Organisational Structure

Day to day control and management of the administration of the Charity Trust is through the Trustees and volunteers. The charity trustees shall manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. It is the duty of each charity trustee;

to exercise his or her powers and perform his or her functions in his or her capacity as a trustee of the CIO in the way he or she decides in good faith would be most likely to further the purposes of the CIO.
to exercise in the performance of those functions such care and skill as is reasonable in the circumstances circumstances, having regard in particular to any special knowledge or experience that he or she has.
if he or she acts as a charity trustee of the CIO in the course of a business or profession to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of
business or profession as detailed at Article 9.

The selection criteria for Trustees are based on expertise and need, whereby the mix of skills and expertise (including legal and financial) on the Board are to be sufficient for the size and scope of the charity. Expertise is to be bought in as necessary to deal with emerging issues.

Statement of Responsibilities

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

YOUNG MINDS MATTER

TRUSTEES' REPORT (Continued) FOR THE YEAR ENDED 31ST AUGUST 2020

Internal Controls

As part of their continuing responsibility the Trustees have endeavoured to ensure that reasonable internal control procedures are in place as appropriate for the development of the Charity. They include:

Approval of Policies and other governance documentation relating to the new charity
Annual budgets approved by the Trustees and reviewed on a regular basis
Management information reports issued on a quarterly basis including income and expenses and monitoring of reserves

Risk management

A formal risk management process to assess business risks will be established in 2020/21, to then allow periodic review of risk register and associated action log.

Use of Volunteers

Volunteers are an important resource in Young Minds Matter. Excluding trustees who give their time freely, we have two volunteers who manage tasks including administration, website and graphic design and social media.

All our trustees give their time voluntarily. All those volunteers working with projects involving children or other vulnerable groups are DBS Enhance Service checked.

Trustees’ meetings

The Trustees met every two weeks to discuss business throughout the period and to forward plan strategy and activities.

Financial Review

Income and Expenditure

During the year our income was £39,777.20, the opening account in September 2019 was zero, and with an expenditure of £21,573.48 the closing account was £18,203.72

Income

The Charity’s principal stream of income is contributions from donations and sponsorship supplemented by one off gifts from individuals, organisations and Gift Aid.

Our hope is that our regular income would increase and stabilise to allow for employment of part time administrative staff.

Reserves Policy

The Trustees have reviewed the reserves of the charity. The policy is to hold enough funds to meet six months operating costs of the Charity and of our mentoring in schools’ programmes.

Investment Policy

The charity currently has no long-term investments. Our cash reserves are held in our bank account.

YOUNG MINDS MATfER TRUSTEES. REPORT (Contlnued) FOR THE YEAR ENDED 31ST AUGUST 2020 Flnancial Report The financial statements fw the peri(O ended 31st August 2020 Comp wlth statutory reqUiremt5 d the requirements of the chartty's goveming instrumtS and include any other additional infortnatlDn required by law. They are presented in the formal required for charity èccounts in accordance wrth the Statement of Recommenijed Ptactice"Accounting by CharleS. ISORP 2005). The charity is not a connerted charity within the meanlng defined in the Statement of ReC¢ynmded Practke (SORP 2005). Re$ponsibllties of Trustees Charty law rL]uires the Board of Trustees to prepare financkil statements for eoch financial year which gwe a true and fa view of the 5t&e of affairs of the charV and of i(s incoming resources and resource5 expended for the pwiod. In preparing those financial statements, the Boaré of Trustees Shou foltow best practice and are required select suitable accounting policE5 and app them consistent make Judgment5 and e5tSmate5 that ore reasonable and prudent wlth applICab accounting standards sublecl tD any material departure5 disck>sed and explain& In the flnancial statwnents preparè the financial staterrents on the going Ccern basÈ unless it 15 inapproprlate to presume that charity wil continue in operalion The Board of Trustees Is re5POn5ible for malntaining proper accounting records which disclose with reasonab accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements cEmpty with the Charlties Act 1993. They are abo responsible for 5afeguardlng the a55et5 of the charity and hence for t3kn.ng rea5able Steps for the prevention and detection of fraud and other irregUlarleS to provkde reasonable assurance that the charity is werating efficient and effectlvely all a55ets are sèfeguarded agalnsi unauthrKiqed use or dL$posit and are pr(perly applied prr¥)er records are malntained and financlal information used w((hln the charity or for publlcion Is the charity ccffjplie5 with relevant Law5 and regulations The systems cl intwnal contrd are deslgned to prowde reasonable but not absolute assurance agalnst material mISstatt or IDSS. Examlners Independent Exarnlners Ltd were appoSnted M 15th June 2021 for the y end independent examination of the Charty accwnts. Approved by the Trustees ..... Signed on their behalf by Trustee.. Prknted Name: &IW tsÉéLTE

YOUNG MINDS MATTER

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST AUGUST 2020

Notes RECEIPTS Donations & Legacies 3a Charitable Activities 3b TOTAL RECEIPTS Costs of Charitable Activities 4 TOTAL PAYMENTS NET INCOMING/(OUTGOING) RESOURCES 5 Balances Brought Forward BALANCES CARRIED FORWARD TRANSFERS BETWEEN FUNDS RECONCILIATION OF FUNDS:	Unrestricted Restricted Total Funds Funds Feb-Aug20 £ £ £ 38,528 - 38,528 1,250 - 1,250
	39,777 - 39,777
	21,573 - 21,573
	21,573 - 21,573

	18,204 - 18,204 - - - - - -
	18,204 - 18,204

All of the CIO's operations are classed as continuing operations.

YOUNG MINDS MATTER STATEMENT OF ASSETS AND LIABILThIES AS AT 31 AUGUST 2020 Unrestricte Fund Restrtted Fund Total 31-Aug-20 Cash F. Current Account5 18,204 18.204 18.204 Repre5ent•d by: General Funds Restrtted Funds 18,204 18,204 18.204 18.204 LIABILrriES Independent Examiners Fee 510 510 510 510 TRuEE5 RESPONSIBILITIES IN RELATION TO FINAIICIAL ATEmENTs CharV Law requyes the Trust5 tD prepare financlal statements for each financial year whlch comply with the regulatlDnS Set (MJt In the Charfcies Act 2011. The Trustees have elected to take advantage of the prw51WS that apply to small charities and hove prepared a Receipts and Payments Account and statnent of Asset5 and Llabill(ies which are set out on pages'.- Ilto13 Approved by the Trustees M ..... 5kJn on thar behalf by Trustee... Printed NatHp: io

YOUNG MINDS MATTER

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2020

1. BASIS OF ACCOUNTING

The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements.

The CIO meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the CIO's ability to continue as a going concern.

Fund Accounting

Funds held by the CIO are either:

Unrestricted Funds - these are funds which can be used in accordance with the CIO's objectives, at the discretion of the trustees.
Designated funds
These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.
Restricted Funds - these are funds that can only be used for particular restricted purposes within the objects of the CIO.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Incoming Resources

All income is included in the accounts when actually received by the CIO. Voluntary help provided by friends of the CIO is not included in a quantified way within the accounts.

Resources Expended

Resources expended are recognised when paid by the CIO.

2. TANGIBLE FIXED ASSETS

The CIO held no fixed assets investments during this or the previous financial period.

This page does not form part of the statutory financial statements

YOUNG MINDS MATTER

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2020

3. RECEIPTS

Note 4. PAYMENTS Note a) Costs of Charitable Activities Governance Costs:- Go Fund ME Sponsors Donations a) Donations & Legacies Legal & Professional fees Licenses & Subscriptions Independent Examiner Fee IT Equipment & Software Pension Contributions Wages & Salaries PAYE/NI contributions Other Staff costs Staff costs:- HMRC JRS Grant DBS Checks Other Other income b) Incoming from Charitable Activities Events - Seed money Insurance Events	Unrestricted Restricted Total Funds Funds Feb-Aug20 £ £ £ 11,050 - 11,050 13,200 - 13,200 13,341 - 13,341 937 - 937
	38,528 - 38,528
	1,000 - 1,000 250 - 250 - - -
	1,250 - 1,250
	Unrestricted Restricted Total Funds Funds Feb-Aug20 £ £ £ 7 - 7 920 - 920 775 - 775 1,809 - 1,809 40 - 40 357 - 357 12,138 - 12,138 1,896 - 1,896 378 - 378 223 - 223 - - - 3,031 - 3,031
	21,573 - 21,573

This page does not form part of the statutory financial statements

YOUNG MINDS MATTER

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2020

5. STAFF COSTS AND NUMBERS

Gross Wages & Salaries Employer's National Insurance Costs Employer's Pension Contributions	TOTAL Feb-Aug20 £ 14,250 - 162
	14,412

Average number of employees who were engaged in each of the following activities:

TOTAL Feb-Aug20

Charitable Activities

The CIO operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2018/19- N/A)

6. TRUSTEES AND OTHER RELATED PARTIES

No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.

(2018/19- N/A)

7. RISK ASSESSMENT

The Trustees actively review the major risks which the CIO faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

8. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.

9. PUBLIC BENEFIT

The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.

This page does not form part of the statutory financial statements