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2024-08-31-accounts

YOUNG MINDS MATTER

ANNUAL REPORT

AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024 CHARITY REGISTRATION NUMBER 1187987

YOUNG MINDS MATTER

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

Contents Page Number
Legal and administrative information 3-4
Message from our Founder 5
Impact Report 6 -11
Strategic Report 12
Financial Review 13
Trustees’ Report 14
Structure, governance and management and Statement of Trustees’ 15 -17
responsibilities in respect of trustees
Independent examiner’s report on the accounts 18
Statement of receipts and payments 19
Statement of assets and liabilities 20
Notes to the accounts 21 - 23

Channel Swim relay team with Adam Peaty

2

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1187987 START OF FINANCIAL YEAR 1 September 2023 END OF FINANCIAL YEAR 31 August 2024

TRUSTEES AT 31 AUGUST 2024

ES AT 31 AUGUST 2024
Susan Carol Roberts (Chair) Appointed 9 August 2019
Harriet Stevens Appointed 23 November 2020
Georgina Wates Appointed 17 October 2022
Alexander Robin Withers Appointed 04 July 2023
George Tennent Appointed 04 July 2023
Bolade Catherine Fadashe Appointed 04 July 2023
Sally Baker Appointed 01 January 2023
Natalie Dowsett Resigned 05 February 2024

The existing trustees appoint any new trustees following the provisions laid out in the CIO's governing instrument.

3

GOVERNING INSTRUMENT CIO Foundation
REGISTRATION DATE 17 February 2020

OBJECTIVE

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 C/o STT Community Hub Venture House
Avenue Farm Industrial Estate
Birmingham Road
STRATFORD-UPON-AVON
Warwickshire
CV37 0HR
Primary Bankers Natwest Bank Plc
Leicester CustomerService Centre Bede House
11 Western Boulevard Leicester LE2 7EJ

A MESSAGE FROM OUR FOUNDER - SUE ROBERTS

As we reflect on the past year at Young Minds Matter, I am enormously proud and grateful for what we have achieved together. Your support has made it possible for us to reach new heights supporting more young people than ever before through our 1:1 mentoring service for students in schools.

I am excited about our plans for the future as we look to expand our services to more schools and students and grow our innovative Young Ambassadors scheme, YMax. We have worked with our schools in building relationships to ensure our services meet the ongoing needs to students. We are dedicated to ensuring our service meets the requirements of young people and our survey results show we are meeting that need but here is always room to improve.

Brian (middle) at the BBC CWR Make a Difference awards ceremony in the fundraising category with Sue (right) and Nikki (left).

This year has been remarkable, with inspiring events, including two relay Channel Swims featuring eight teenagers, the London Landmarks Half Marathon (LLHM), Stratford-upon-Avon Half Marathon and 10k, and the iconic London Marathon.

Our community also rallied for numerous park runs, bake sales, non-uniform days and other fundraisers showcasing the dedication and creativity of our supporters. Each event not only raised funds but also raised awareness of the importance of mental health in young people. We already have many exciting plans for further inspirational events in 2025.

Our financial report for 2024 showcases the successful financial and non-financial performance of the charity this year. Our results show an outstanding year not just for our growth but also the expansion of our service showcased in our Impact Report. Our results have allowed us to continue to invest in our growth to support many more individuals – with over 1,500 hours of mentoring provided by Young Minds Matter to young people in 2024.

Thank you to all those who supported us in 2024 for being a vital part of our journey. Together, we are making a lasting and positive difference to young people’s lives.

5

matter young

1523 Hours spent mentoring young people

251* Young people supported

100% Positive feedback from schools

The GrowinG Crisis: YounG PeoPle’s MenTal healTh in DeCline

Young people in the UK have a higher mental health need now more than ever:

1 in 5 have experienced a mental health problem in 2023*

•

50% of mental health problems are established by age 14**

70% of those who experience mental health problems have not had appropriate interventions at a sufficiently early age***

Those in the lowest income bracket are 4.5 times more likely to experience severe mental health problems than those in the highest income bracket[+]

Young people today face unprecedented pressures, with lasting impacts from the pandemic, including increased cases of high social, emotional and behavioural difficulties.

Statistics reveal a troubling increase in anxiety, depression, and related issues among young people. Without early intervention, these challenges can escalate, adversely affecting educational outcomes, social relationships, future prospects and ultimately their health and well-being.

The demand for young people’s mental health services has increased dramatically in recent years and in April 2022, there was an increase of 109% compared to the same month pre-pandemic of under 19s referred to CAMHS (Child and Adolescent Mental Health Services), this means that young people's mental health can deteriorate significantly whilst awaiting further support, emphasising the critical need for early intervention.

The stark reality of young people from low income families being most at risk of mental health issues highlights a critical gap in support for these young individuals. Our free mentoring programme addresses this gap directly. By offering our services at no cost, we ensure that children from low-income families can access the support they need without adding financial strain to their households. Both schools and pupils are on our waiting lists for support, highlighting the urgency.

*Mental Health of Children & Young People in England (2023)- NHS England.

**Royal College of Paediatrics & Child Health (2020) State of Child Health. London: RCPCH.

***Children's Society (2008) The Good Childhood Inquiry: health research evidence. London: Children's Society.

  • Gutman, L., Joshi, H., Parsonage, M., & Schoon, I. (2015). Children of the new century: Mental health findings from the Millennium Cohort Study. London: Centre for Mental Health

++Researchers led by Professor Willem Kuv.ken Oxford Uni DeRt of Psv.chiatrr. compared the mental health difficulties & well-being of thousands of UK secondary school pupils who experienced three lockdowns.

Young people with mentors are less likely to experience depressive symptoms. Studies show that mentoring relationships can reduce the risk of depression by 50% for those involved.**

Our work has had a profound impact on the young people we support, The feedback we have received from both schools and young people show:

----- Start of picture text -----
Improved Mental Health
Enhanced Academic Performance
Improved Social Skills
, •, ,
Increased Resilience, Confidence & Self-Esteem
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Improved Focus
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Better School Attendance
• • • [•] • • • • •• [•] • • [•] •
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Words used by young people to describe their mentoring sessions with YMM.

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**Source: Rhodes, J., Spencer, R., Keller, T., Liang, B., & Noam, G. (2006). "A model for the influence of mentoring relationships on youth development."

@Qdbac ftrom SChoo￿s have b￿n working in education for 25 years and what YM entors bring to us is by far Ihe best dired support I've seen fo oun le- valuable. and the students talk very highly of their mentors. hey have enabled our children to open up and ￿ek support: a rucial step towards taking care of their mental health and ttendance. land not only on the day YMM are with us) creased independence working in the classroom. improve onfidence and self-esteem with adults and peers, overal creasing the young persons social and emotional ment Stratfofd sts for CAMHS and whose parents are desperate for suppo r their child. many of whom would simply be unable to affor pay for private mentoring or counselling. From thi erspective. YMM are providing an invaluable service to ou al community and improving the lives of so many youn eople and their families" nAv Sixth Form

Caso StudllQS. One of our menlees. a Year 8 studenl. pJperienced frequenl panic attacks. sometimes up to three times a week. Initially, she stwggled lo even enter the room for her menloring sessrons. Her onxety vKis overwhelming, and il was clear thal she needed support to manage her panic attacks. During the first few sessions. she begon to identify Ihe Iriggers for her panic attacks. Our Menlor, equipped with Menlal Health First Aid IMHFA) Iraining, inlroduced herto the grounding technique, a melhod that helps anchor her in the present momenl and reduces anxiety. With consislent praclice, she has started lo use Ihis technique effectNety. After e￿ht sessions. she made a remar*able Iransformation. She confidently reported Ihat she wos now able lo manage her anxiety ond hod experienced very few panic attacks. Even then she did f&1 onxious. she was awore of the signs and knew how to control them. Her joumey is a teslamenl to the impact of our mentoring progromme and the e55enlial skills we provide to help young people monage Iheir menlal health. The eldest daughter of a Ugandan famity had been left with grandparenls when her parenls came to the UK in search of work Once the family had eslablished itself, they broughl their now13-year-old daughter over lo join Ihem. The first school they sent her lo appears to have made little effort lo inlegrote this apparenlly shy girl inlo her new world and after four monlhs she would frequently come home crying and in despoir about the possibility of moking new friends. Al that point Ihe parents decided she needed a fresh start and applied for her lo transfer to Ihe school I work at who asked me lo get inVo￿ed before she joined. At our firsl meeling I saw glimpses of on intelligent. sensitNe child overwhelmed by Ihe culture shock of coming lo Brttain. As we lalked oboul her lrfe in Uganda her Irue personality started to emerge. Our second meeting was also before she officially joined the school and we talked through what her first day was likely to be like. We rehearsed whal she would say when asked to introduce herself to her new closs-motes, including something about how she missed her friends in Ugondo and really hoped she would make as good friends in the UK. I sometimes see the 'shY young woman when l am in school mentoring. She is almost always ot the cenlre of a group of friends and is rarely wilhout a smile on her foce... and thot is why ifs such a privilege lo be a mentorl 10

Year rounD uP

PROJECTS

DETAILS

OUTCOME

YOUNG AMBASSADORS

Our exciting new Young Ambassadors (YA) scheme was piloted at Stratford High school.

Our YAs collaborated with a marketing company to create the branding and design for the new scheme 'YMax'...Exciting things ahead for this project.

EVENTS

Our 1 to 1 mentoring service, continued to be offered free of charge to support young people. We have now recruited 7 new mentors and welcomed back 2 previous mentors with the recent funding received.

We've had runners supporting us in the LLHM, one of our Trustees, George, ran the London Marathon, we hosted a pub quiz, eight incredible teenagers swam the Channel, one of them, Brian, is shortlisted for a Make a Difference award, Procure4 chose us as their charity of the year and completed a 3 Peaks Challenge, we gave talks to students in schools, met with local MPs for a Q & A pre election with our young ambassadors, gave a pre-run talk at Park Run Stratford, and attended '100 Talks for Change' with Oly Newton & Daniel Wilsher at Stratford High School, and a girls footy tournament in Warwick... Wow, what a year it's been!

9 schools and 1 training centre supported with YMM mentors this year with a waiting list of both schools and young people wanting our support, we plan to expand our reach this next year to 13 schools, we have recruited and trained new mentors ready for the new school year.

Inspirational people have raised an amazing sum of funds to support the mental health and wellbeing of young people ensuring we can continue to offer our service at no cost and we've dedicated significant effort to raising awareness about mental health within our community.

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STRATEGIC REPORT

In the financial year 2023-2024, Young Minds Matter made significant strides in our mission to support young people's mental health and wellbeing through impactful initiatives and sustainable fundraising strategies. We are excited to present our accomplishments and future plans aimed at further enhancing our services in the community.

Financial Performance Overview

YMM experienced growth in both income and expenditure this financial year showing the benefits of the strategic plans set by the Trustees for this year. The increase in funds from grants enabled us to expand our mentoring services. This financial stability positions us well for our ongoing and future initiatives. Our full financial review is in the following section.

Impact of Our Work

Our focus remains on providing free 1:1 mentoring to vulnerable young people facing mental health challenges. This year, we delivered 1,523 hours of mentoring and supported over 251 young individuals. Feedback from schools indicates that 100% reported the vital support our mentors provide to their students, further highlighting the importance of our programmes.

Participant outcomes demonstrate improved mental health, increased confidence, and better social skills. The positive feedback reiterates our commitment to fostering resilience and emotional well-being among young people.

Strategic Goals and Future Plans

As we look ahead, YMM is determined to expand our reach and deepen our impact. Our objectives include:

  1. Expanding Mentoring Services: Growing our mentoring programme from 9 to 13 schools by training new mentors and building partnerships.

  2. Diversifying Funding Sources: Focusing on corporate partnerships, community fundraising, and sustaining grant applications to reduce reliance on specific funding streams.

  3. Enhancing Fundraising Events: Curating a fundraising calendar with initiatives like the London Landmarks Half Marathon and community-driven efforts, targeting an income of £26.5k from these activities.

  4. Increasing Awareness and Advocacy: Continuing to raise awareness about the importance of mental health for young people and engaging more stakeholders in our mission.

  5. Monitoring and Evaluation: Implementing a robust evaluation framework to ensure our programmes remain effective and responsive to participants' needs.

The past year has been transformative for Young Minds Matter, both in financial results and programmatic impact. We are immensely grateful to our community of donors, partners, and supporters. Our ambitious plans for the upcoming year will continue to draw on our strengths of engagement and creating a positive difference in the lives of young people. We remain committed to empowering young people and ensuring every young person has access to the support they need.

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Finance review

This report provides a comprehensive overview of the financial performance for us this year. Our aim is to clearly outline the key financial figures ensuring our income is used efficiently, effectively, and responsibly by making every pound count.

Income

received restricted funds enabling us to recruit additional mentors to expand our mentoring service and enhance our administrative support levels.

Fundraising Event expenses increased by nearly £12k due to our participation in a Channel Swim in addition to the London Landmarks Half Marathon.

Our total income in FY2024 was £117,575 and our total expenditure was £65,143, an increase of £65K and £23K respectively on the previous year.

FY2023- FY20
22-23		 Change
24 (£) (
£)
Total 117,575 52,
521		 124%
Income
Total Spend 65,143 41,
906		 61%

Our greatest area of growth in FY2024 was Foundation Grants where we secured £48K of grants restricted for programming costs and £21K of unrestricted grants. We participated in two fundraising events this year – the London Landmarks Half Marathon and a Channel Swimwith income totaling £26K compared to only the LLHM event in FY2023 which raised £7K. Our individual giving dropped slightly to £9K compared to last year’s £13K. However, school fundraisers increased to £5k in FY2024 compared to £800 in FY2023.

Expenditure

Our total expenditure in FY 2023-24 was £65K, an increase of £23k on the previous year.

Personnel expenses increased 31% as we

TOTAL FUNDS

As of 31 August 2024, we held general reserves of more than 5 months of operating costs. The closing funds are made up of the following balances, with comparison to the prior year:

FY2023-24 FY2022-23 Increase
(£) (£)
Restricted 42,297 12,732 232%
Funds
Unrestricted 34,041 11,174 205%
Funds
Total 76,338 23,906 219%
Funds

Overall

Overall, Young Minds Matter is in a strong financial position, having not only increased our assets but also generated a positive surplus for the year. It is important to highlight the funds generated from one financial year are allocated to the cost of mentoring programmes in the following financial and academic year. We therefore went into FY25 financial year fully funded allowing us to expand our services and maintain our momentum in fundraising. This ensures continued support for our mentoring programmes, aligning with both our immediate needs and long-term objectives.

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FOR THE YEAR ENDED 31ST AUGUST 2024

YOUNG MINDS MATTER TRUSTEES' REPORT

TRUSTEES REPORT

The Trustees of Young Minds Matter present their annual report and financial statements for the year ended 31st August 2024 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.

YMM is governed by the board of Trustees, who are also its directors under company law. The Board ensures accountability to people who benefit from our services. Trustees are appointed through open advertising and rigorous interview process.

BACKGROUND

The Young Minds Matter story 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. Following another 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. Since 2019 Young Minds Matter has continued to grow its mentoring services, reach and support of young people.

OBJECTIVES AND ACTIVITIES

The objectives of Young Minds Matter are as follows:

The objectives are reviewed each year by the board of Trustees to ensure that they continue to reflect our aims.

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STRUCTURE GOVERNANCE AND MANAGEMENT

Governing Document

YMM is a Charitable Incorporated Organisation CIO governed by a Constitution created in 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:

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.

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:

Risk management

A formal risk management process to assess business risks was established in 2020/21 and was reviewed in 2024 to allow periodic review of the risk register and associate action log. The risk are reviewed by the trustees on an ongoing basis to ensure they are appropriate and fit for purpose. The Board regularly oversee major risks and how these are being managed. The Board of Trustees regularly reviews the complete risk register to ensure accuracy and monitor ongoing risks.

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Use of Volunteers

Volunteers are an important resource in Young Minds Matter. Excluding Trustees who give their time freely, we have volunteers who manage tasks including administration, website and graphic design and social media. We also have silent fundraisers who support our fund-raising events and also some of our Mentors in schools give their time voluntarily.

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

Trustees' meetings

The Trustees meet monthly to discuss business throughout the period and to forward plan strategy and activities. There is a formal governance meeting held each quarter to ensure the responsibility over governance are exercised.

Reserves Policy

The Trustees have reviewed the reserves of the charity. The policy is to hold enough funds to meet three 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 an interest bearing bank account.

Financial Report

The financial statements for the period ended 31st August 2024 comply with statutory requirements and the requirements of the charity's governing instruments and include any other additional information required by law. They are presented in the format required for charity accounts in accordance with the Statement of Recommended Practice "Accounting by Charities" (SORP 2005). The charity is not a connected charity within the meaning defined in the Statement of Recommended Practice (SORP 2005).

Responsibilities of Trustees

Charity law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its incoming resources and resources expended for the period. In preparing those financial statements, the Board of Trustees should follow best practice and are required to:

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The Board of Trustees is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities and to provide reasonable assurance that:

The systems of internal control are designed to provide reasonable but not absolute assurance against material misstatement or loss.

Approved by the Trustees on 9th June 2024

Signed on their behalf by Trustee

Printed Name: Susan Carol Roberts (Chair)

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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees of YOUNG MINDS MATTER on the accounts for the year ended 31st August 2024 set out on pages 19 to 23.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (The Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed :

Dated: 19.6.25

K Gomes FCIE MAAT Independent Examiners Ltd Unit 2 The Broadridge Business Centre Dolling Lane Bosham PO18 8NF

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STATEMENT OF RECEIPTS AND PAYMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

Previous
Unrestricted Restricted Total accounting
funds Funds Sep 23-Aug 24 year
Notes £ £ £ £
RECEIPTS
Donations and Legacies 3a 61,238 55,860 117,098 52,438
Charitable Activities 3b 476 476 83
TOTAL RECIEPTS 61,715 55,860 117,575 52,521
Cost of Fundraising 4 16,495 0 16,495 4,625
Costsof Charitable Activities 5 22,353 26,296 48,648 37,280
TOTAL PAYMENTS 38,848 26,296 65,143 41,906
NET INCOMING/(OUTGOING) 22,867 29,565 52,432 10,616
RECONCILATION OF
FUNDS:
Balances Brought Forward 11,175 12,732 23,907 -
BALANCES CARRIED 34,041 42,297 76,338 23,907
FORWARD

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STATEMENT OF ASSETS AND LIABILITIES

AS AT 31 AUGUST 2024

Previous
Unrestricted Restricted Total accounting
funds Funds Sep 23-Aug 24 year
£ £ £ £
Cash Funds:
Current Accounts 34,041 42,297 76,338 23,907
NET ASSETS 34,041 42,297 76,338 23,907
Represented by:
General Funds 34,041 - 34,041 11,175
Restricted Funds 42,297 - 42,297 12,732
LIABILITIES 0 0 0

TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS

Charity Law requires the Trustees to prepare financial statements for each financial year which comply with the regulations set out in the Charities Act 2011. The Trustees have elected to take advantage of the provisions that apply to small charities and have prepared a Receipts and Payments Account and Statement of Assets and Liabilities which are set out on the pages above.

Approved by the Trustees on 9th June 2024

Signed on their behalf by Trustee

Printed Name: Susan Carol Roberts (Chair)

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023

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 an ongoing concern basis. The Trustees consider that there are no material uncertainties about the ClO's ability to continue as an ongoing concern.

Fund Accounting

Funds held by the CIO are either:

1. Unrestricted Funds

These are funds which can be used in accordance with the CIO's objectives, at the discretion of the trustees.

2. Designated funds

These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.

3. Restricted Funds

These are funds that can only be used for particular restricted purposes within the objects of the CIO.

Incoming Resources

All income is included in the accounts when actually received by the CIO.

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.

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024

3. RECEIPTS

3. RECEIPTS
Unrestricted Restricted Total Previous
funds Funds Sep 23-Aug 24 accounting year
£ £ £ £
a) Donations and Legacies
Donations 40,238 7,314 47,552 22,508
Grants 21,000 48,546 69,546 29,930
Total 61,238 55,860 117,098 52,438
b) Incoming from Charitable
Activities
Other Income 476 - 476 83
TOTAL RECEIPTS 61,715 55,860 117,575 52,521
4.PAYMENTS
Unrestricted Restricted Total Previous
funds Funds Sep 23-Aug 24 accounting year
£ £ £ £
Costs of Charitable Activities
DBS Checks 258 306 564 112
Events 16,495 - 16,495 4,625
Insurance 549 - 549 549
IT Equipment / Software - - - -
Licenses & Subscriptions 1,331 - 1,331 1,407
Other 1,732 - 1,732 1,343
Staff Costs: - - -
Wages & Salaries 13,479 24,614 38,093 26,569
PAYE/NI Contributions 234 - 234 631
Pension Contributions - - - -
Staff Training 1,756 1,360 3,116 4,338
Other Staff Costs 178 16 193 1,369
Legal & Professional Fees 2,835 - 2,835 962
TOTAL PAYMENTS 38,848 26,296 65,143 41,906

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2024

5. STAFF COSTS AND NUMBERS

STAFF COSTS AND NUMBERS
Total
Sep 23-Aug 24
£		 Total
Sep 22-Aug 23
£
Costs ofCharitableActivities
Gross Wages &Salaries 38,093 26,569
Employer's National Insurance Costs
Employer's Pension Contributions		 234 631
38,327 27,200

The charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000.

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.

7. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the 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 charity's needs. This is based on the size and the level of financial commitments held. The Trustees aim to ensure the charity 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 charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. Details of how the charity 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 charity should undertake.

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