## YMM ## ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2025 CHARITY REGISTRATION NUMBER 1187987 ## YMM ## CONTENTS OF THE FINANCIAL STATEMENTS ## FOR THE YEAR ENDED 31ST AUGUST 2025 |**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 – 25| _Certification Training for New Mentors_ 2 ## YMM ## LEGAL AND ADMINISTRATIVE INFORMATION CHARITY NUMBER 1187987 START OF FINANCIAL YEAR 1 September 2024 END OF FINANCIAL YEAR 31 August 2025 TRUSTEES AT 31 AUGUST 2025 Susan Carol Roberts (Chair) Appointed 9 August 2019 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 Harriet Stevens Resigned July 2025 The existing trustees appoint any new trustees following the provisions laid out in the CIO's governing instrument. 3 YMM 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 Independent Examiners Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG 4 YMM ## A MESSAGE FROM OUR FOUNDER - SUE ROBERTS As we reflect on another immensely rewarding year at YMM, I am again enormously proud and grateful for what we have achieved together. Importantly, the support we have received has made it possible for us to continue expanding our one-to-one mentoring service that we provide free-ofcharge to children and young people through schools. Through this year, we have increased the number of schools we mentor in from nine to fourteen following the recruitment of additional mentors. I am particularly encouraged and excited, this year, by the increase in awareness and recognition of YMM. More local schools are contacting us, asking for us to provide our mentoring service, based on our growing excellent reputation in the schools we support. In addition, we have growing waiting lists in the schools that we mentor in, supported by wordof-mouth from the young people who have had positive experiences with our mentors. Further to our mentoring, we have spent time and effort in reshaping “YMAX”, our young ambassadors platform. Our first focus group has already taken place with passionate and creative young people, whose ideas will be instrumental in developing this additional service, and ensuring that it addresses our young people’s needs. I was also personally delighted to have received two community awards: a Volunteer Recognition Award from CAVA, as well as a Warwickshire Changemakers Award from the High Sheriff of Warwickshire. We have made positive strides in building our community partnerships. We are proud to have developed hands-on relationships with wonderful local organisations, including Procure4, the New Inn at Norton Lindsey, and the SpecSavers team in Alcester. We also benefited from a collaboration with Pertemps who, based on our reputation and success with our channel swims involving local teenagers, continued supporting YMM through monthly donations throughout the year. We were also proud beneficiaries of a grant from Kilburn & Strode’s Innovation for All fund. Our growing reputation for building meaningful partnerships with local organisations has resulted in positive brand recognition and a repeat Charity of the Year nomination from SpecSavers in Alcester. We genuinely relish developing relationships with local organisations and groups, celebrating what they do, and working together to make a positive difference for young people in their communities. Alongside the support from our community partners, we continued our own fundraising efforts and were grateful for the support of all those who completed sporting challenges and held bake sales to encourage generous donations. Of note, our London Landmarks Half Marathon team of fifteen runners raised over £16,000! This year’s Annual Report reflects an outstanding year not just for the expansion of our service showcased in our Impact Report, but also our sustained strong financial performance. Our results have allowed us to continue to invest in our growth to support many more individuals – with over 1,800 hours of mentoring provided by YMM to children and young people through the year and plans for continued growth through 2026. I am excited about our plans for the future as we look to further expand our services to more young people and more schools, develop our innovative YMAX platform and to continue building partnerships and collaborations within the community. Thank you to all those who supported us in this financial period for being a vital part of our journey. Together, we are making a lasting and positive difference to young people’s lives. VOICES Annual Impact September 2024 - August 2025 Registered Charity number 1187987 1nfo@ymm.org Everyone deserves to Registered Charity number1187987 "Young Minds Matter has really helped me not only gain confidence in myself, but also be able to help understand my emotions and gain access to more support. l always leave my sessions feeling better in some way ! To be able to have someone to talk to has meant the world and I wouldn't be the same without YMM'S support". Mentee 1807 Menioring se&sions provided 282 Young people supported. 14 Schools supported (￿r one-to-or* mentorin8 service, continued to b8 offered Iree-of- char8e to provide vital and accessible support to young people. Nine new mentors commenced with schools at the start of September and we recruited a turth8r seven new mentor$ in Au8U8t to support the 202512026 8¢ademi¢ year. We were able to support 14 schools with YMM mentor this ye8r and have 8 growing waiting list of schools and young people $eekin8 our support. With the new mentors we have recruited we will be able to further expand our reach. Mentoring We've had wnner$ parti¢ipatin8 in helf end full marathons, loc81 Community 8roup$ or8anisin8 fundraising challenges. Our team has contributed to Make A Difference D8y at one of our partner $¢hools in Coventry. 8fKI promoted our charity at community te$tival$. We 81$0 participated in a focus 8roup at Str8tford-upon-Avon High School - alongside the l¢xal MP - to hoar directly from yovng people about their mental health and wellbeing needs. We are now planning 8 fabulous event lor November showcasing youn8 musi¢81 talent and inspirational speakers We 8re $0 proud to have been supported by so many 8mazing people this year. whether it be by taking on 8 ¢h8llen8e. sponsorin& or donating - it 811 goes to improve the mental health ot young p8opI8 by helping to ensure we can continue to offer our service at no cost 8nd raise awareness about mental he81th within our community. Evènt$ Registered Charity number1187987 'Figure estimated based on mentor records The year This year has been one of real growth and proLKI morn￿ for YMM. the summer. we recruited new mentors through a successful recruitment drive. gmng us more copacity than ever to reach young people who need someone in their corner. Sve s dedication has not gone unnoticed - she s been ¢Jwarded not ¢>nty wilh o CAVA Volunteer Recognition Award but olso as a Worwickshire Change Maker. a testament to her conuthent (md the differen￿ she makes Our runners ralsed splrlts and vital fvnds ot the Lorxlon Landmarks Half Marothon. bringlng In over Q5,000 to support our work Local lyJslnesses hm shovm Inttedible backlng too- proud to been chosen as Charlty of the Year by The Inn In Norton Llndsey ond Specsavets Sn Akester. We wek¢)med two new supervlstys, Danka and Allstalr, h brought fresh Ideas and valuable experkn to the team. Thls year also saw us altend the Pvrsults Festlval for the first time, connecting wilh even more familles ond wpporters. Hans are already shaplng up for our next YMM Concert In November 2025. promwng another thonce to celebrate our communlty and ralse fvnds for young mlnds. In our end of terni feedback 100% of schools we work in would like YMM mentors to stay long 100% of schools fed back that there is need for YMM in their school. 100% When asked 'Has the time you have spent with your mentor helped you address the issue that prompted you to be there . 87.5% Yes 12.51J6 Unsure Registered Charity number1187987 Feedback We have been supported by YMM Meniors for a couple of years now and have found them invaluable. They have vjorked with a range of sixth fom) students who have SEMH needs that we as staff do not have the dedicated 1-2-1 time to spend vjith them. Every mentor has been kK)lite. well trained and approachable and have each made a difference to the students they have supported. We genuinely couldn'i manage the SEMH of our students withoui our YMM Mentors- Myton School Thank you for all you are doing to support young children and their mental health. Your mentor is providing a safe space for children to speak to an adult and this is such a valuable resource. I would highly recommend that all schools look at being supported by YMM. It makes such a difference to the wellbeing of our pupils . Alueston ￿lMary School ALVESTON Undoubiedly brid￿ng the gap of suppoll Ihai the govemmeni does noi provide and school struggle to give as an education provision. - Henley In Arden High School The service that Young Minds Maiter offer to students is invaluable. li has such a positive outcome for students and is so effe￿1ve in supporting young adults in overcoming some of their fears and worries. The fact thai the service is offered 10 schools free of charge is excepiional, as in all schools. budgets are extremely tight and ihis supp)rt could noi be offered or provided wiihoui Ihe Young Mind Matiers . The mentors are always highly professional. friendly and approachable and put our students at ease from the moment that they walk into the room. - Alcester Academy sin￿ joining our school seven months ago, Stuart from Young Minds Matter has made a truly profound impact on our students, wellbeing. His calm, compassionare presence has provided a safe Spa￿ for young people to open up, feel heanl. and begin to navigate their mental health with confidence. Stuan's ability io connect with swdents and equip them with practical tools for emotional resilien￿ has been transformative. We've seen noticeable improvements in self.esteem, peer relationships, and overall wellbeing across the school. His work is noi only appreaated-it's essential. We're incredibly grateful for the support and expertise thai Young Minds Matter brings to our community. - Strarford Girls Grammar School We would like to thank all our donors fo eir Thank you to our dedicated staff, trustees, volunteers, fundraisers, donors and grant givers whose support makes everything we do possible. Your time, energy and generosity have helped us reach more young people than ever before. From the team members working tirelessly behind the scenes to the volunteers and fundraisers giving up their time, and the donors and funders who back our work - you have each played a part in changing lives. Your belief in our charity keeps us moving forward, making sure that every young voice really does matter. young matter *1 ai YMM ## STRATEGIC REPORT In the financial year 2024-2025, YMM continued our mission to support young people's mental health and wellbeing and strengthened the resilience of our 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 a stable financial performance with steady income and expenditure this financial year showing the benefits of the strategic plans and budget set by the Trustees for the year. From an accounting reporting position, we saw a reduction in our income; however, from a cash perspective income was stable year-on-year. Of particular note in this financial period, we achieved improved diversification of our funding income particularly through individual giving and the development of community and corporate partnerships – thereby reducing our reliance on grant funding. The consistent level of funding income has enabled us to expand our mentoring services. This financial stability positions us well our strategic plans for our future initiatives. Our full financial review is in the following section. ## **Impact of Our Work** Our focus remains on providing one-to-one mentoring free-of-charge to young people facing mental health challenges, so that they receive early intervention support before the effects become more severe. This year we increased our delivery by over 18% compared to the prior year, providing over 1,800 hours of mentoring and supporting over 280 young people. Feedback from schools again reinforced how vital the support our mentors provide is to their young people and how it delivers positive outcomes for these individuals. Participant outcomes demonstrated include improved mental health, increased confidence, better social skills, and improved attendance at school. The positive feedback reiterates our commitment to fostering resilience and emotional wellbeing 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. **Accelerate Delivery Momentum:** Further expand our mentoring provision and develop incremental programmes (including the YMAX young ambassadors’ platform) to support young people’s mental health, self-esteem and confidence. 2. **Strengthen Resilience:** Further diversify income - particularly through corporate partnerships and our own fundraising events - to reduce reliance on grant funding. Recruit mentors on a more regular cycle and improve retention to support sustainable growth and enhance training and ongoing development to maintain high-quality delivery. 3. **Increase Awareness and Advocacy:** Launch the YMM rebrand to establish a clearer, more recognisable identity that resonates with young people. Build stronger partnerships across our community and continue to raise awareness of youth mental health, engaging a wider range of stakeholders in our work. 4. **Embed Young Voices in Shaping YMM:** Gather fresh insight and ideas from young people, particularly through targeted focus groups, to ensure our programmes reflect their needs and to directly inform future planning and development. The past year has been a year of strength for YMM, both in demonstrating sustainable financial performance whilst delivering greater 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 to create a positive difference in the lives of young people. We remain committed to empowering young people and working to ensure that every young person has access to the support they need. 12 ## YMM ## **Financial 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. For FY25, YMM adopted the accruals basis of accounting with the financial statements updated to reflect the policy change for both the current and prior periods. |||**FY2024-25**|**FY2023-24**|**Increase**|| |---|---|---|---|---|---| |||**(£)**|**(£)**||| ||**Total**|116,212|127,575|(9%)|| ||**Income**||||| ||**Total**|70,819|72,855|(3%)|| ||**Spend**||||| ## **TOTAL FUNDS** ## **Income** We sustained steady growth in Foundation Grants during FY2024-25 where we secured £57K of grants restricted for programming costs. We continue to raise unrestricted funds via individual donations and events, but during FY25 fewer events were held by the charity. We saw positive increases in our individual giving and corporate sponsorships from the previous year. ## **Expenditure** Our total expenditure in FY 2024-25 was £70K, comparable to £73k the previous year. Personnel and training expenses increased 13% as we continue to expand our mentoring service and enhance our administrative support levels. As of 31 August 2025, we held general reserves of more than 6 months of operating costs. The closing funds are made up of the following balances, with comparison to the prior year: |||**FY2024-25**
**(£)**|**FY2023-24**
**(£)**|**Increase**|| |---|---|---|---|---|---| ||Restricted|48,743|42,297|15%|| ||Funds||||| ||Unrestricted
Funds|75,276|36,329|107%|| ||**Total**|124,019|78,626|58%|| ||**Funds**||||| Fundraising Event expenses decreased by 90% due to having only one fundraiser, the London Landmarks Half Marathon. And legal expenses were incurred for an official name change completed post year-end. ## **Overall** Overall, YMM has maintained its 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 programs in the following financial and academic year. We therefore went into FY2025-26 financial year fully funded, allowing us to expand our services and maintain our momentum in fundraising. This ensures continued support for our mentoring programs, aligning with both our immediate needs and long-term objectives. 13 YMM TRUSTEES' REPORT FOR THE YEAR ENDED 31ST AUGUST 2025 ## **TRUSTEES REPORT** The Trustees of YMM (formerly Young Minds Matter) present their annual report and financial statements for the year ended 31st August 2025 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 YMM story began in 2017 through 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 in 2020. Our mentoring service was originally launched in 2021, with experienced mentors at local secondary schools. YMM offers one-to-one mentoring free-of-charge which helps young people to develop resilience and build self-esteem and confidence as well as offering guidance in a non-judgmental manner. Since 2021 YMM has continued to grow its mentoring services, reach and support of young people. ## **OBJECTIVES AND ACTIVITIES** The objectives of YMM are as follows: 1. 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. 2. To raise awareness and funds for young people's mental health and wellbeing by utilising music and 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. 3. To widen our support network for young people to additional schools and other associated educational establishments. The objectives are reviewed each year by the Board of Trustees to ensure that they continue to reflect our aims. 14 YMM ## 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: - 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, having regard in particular to any special knowledge or experience that he or she has. 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: - 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 regular basis including income and expenses and monitoring of reserves ## **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 associated action log. The risks are reviewed by the Trustees on an ongoing basis to ensure they are appropriate and fit for purpose. The Board regularly oversees 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. 15 ## YMM ## **Use of Volunteers** Volunteers are an important resource in YMM. Excluding Trustees who give their time freely, we have volunteers - including a CEO appointed in July 2024 - who manage tasks including operations and administration, website and graphic design, and social media. We also have silent fundraisers who support our fundraising 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 attend a formal governance meeting held each quarter to ensure their governance responsibilities are exercised. The Trustees also receive monthly updates on business activities and the progress of operational plans. ## **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, including our mentoring 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 2025 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: 16 ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** Report to the trustees of YMM on the accounts for the year ended 31st August 2025 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: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention ## **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: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: > Dated: 24.6.26 K Gomes FCIE MAAT Independent Examiners Ltd Unit 2 The Broadridge Business Centre Dolling Lane Bosham PO18 8NF 18 YMM ## STATEMENT OF FINANCIAL ACTIVITIES ## FOR THE YEAR ENDED 31ST AUGUST 2025 ||**Notes**|**Unrestricted**|**Restricted**|**TOTAL**|**RESTATED**| |---|---|---|---|---|---| |||**funds**|**Funds**|**2024/25**|**TOTAL 2023/24**| |||**£**|**£**|**£**|**£**| |**INCOME**|||||| |Donations and Legacies|**3a**|56,866|57,123|113,989|127,098| |Charitable Activities|**3b**|2,223||2,223|476| |**TOTAL INCOME**||**59,089**|**57,123**|**116,212**|**127,575**| |Cost of Fundraising||1,693|0|1,693|16,495| |Costof Charitable Activities|**4**|18,449|50,677|69,126|56,360| |**TOTAL EXPENDITURE**||**20,142**|**50,677**|**70.819**|**72,855**| |**NET INCOME/EXPENDITURE**||**38,947**|**6,446**|**45,393**|**54,719**| |**RECONCILIATION OF FUNDS:**|||||| |Balances Brought Forward Restated||36,329|42,297|78,626|23,907| |**TOTAL FUNDS CARRIED FORWARD **||**75,276**|**48,743**|**124,019**|**78,626**| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 21 to 25 form part of these financial statements. 19 YMM ## BALANCE SHEET ## AS AT 31 AUGUST 2025 ||||||**RESTATED**| |---|---|---|---|---|---| |||Unrestricted|Restricted|**31-Aug-25**|**31-Aug-24**| |||Funds|Funds|**Total**|**Total**| ||**Note**|
£|£|**£**|**£**| |**Fixed Assets**
|||||| |Tangible Assets|**2**|-|
-|-|-| |||-|
-|-|-| |**Current Assets**
|||||| |Debtors & Prepayments|**6**|5,744|
11,668|17,412|10,000| |Cash at Bank and in Hand|**7**|83,466|
37,075|120,541|76,338| |**Total Current Assets**
||**89,210**|
**48,743**|**137,953**|**86,338**| |
**Creditors:**amounts falling due within one|**8**|(13,934)|
-|(13,934)|(7,712)| |year|||||| |**NET CURRENT ASSETS**
||75,276|
48,743|124,019|78,626| |**TOTAL ASSETS**less current liabilities

||**75,276**|
**48,743**|**124,019**|**78,626**| |**NET ASSETS**
||**75,276**|
**48,743**|**124,019**|**78,626**| |
**Funds of the Charity**|||||| |General Funds||75,276|
-|75,276|36,329| |Restricted Funds|**13**|-|
48,743|48,743|42,297| |**Total Funds**
||**75,276**|
**48,743**|**124,019**|**78,626**| ## **TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS** For the financial year ending 31 August 25 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 14 to 21 were approved by the trustees, and authorised for issue and signed on their behalf by: Approved by the Trustees on Signed on their behalf by Trustee Printed Name: Susan Carol Roberts (Chair) 20 YMM ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2025 ## **Statement of compliance** The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and Charities Act 2011. ## 1. BASIS OF ACCOUNTING The accounts for the year ended 31st August 2025 have been prepared under the Accrual Basis. In accordance with the relevant standards this accounting policy change has been applied retrospectively. The previous year has been presented in these financial accounts under the Accrual Basis for comparison. The prior period accounts were submitted to the Charity Commissioners under the "Receipts and Payments" basis; both years 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. Change of Accounting Policy The Trustees have elected to change our accounting basis from Receipts and Payments in FY2024 to Accrual Basis starting in FY2025 as it results in the financial statements providing more relevant and reliable information to the effects of transactions, financial performance and cash flows of the charity. The pages above reflect both the reported Receipts and Payments (Cash) Basis along with reports converted to Accrual Basis for the previous accounting year showing the adjustment amount for transparency purposes. The adjustment to the Previous Accounting Period (1 September 2023 – 31 August 2024) are detailed below: |below:|| |---|---| |**Category**|**Adjustments**| |Balance brought forward from 31 Aug 2024 (CASH)|£76,338| |Income Accrued: Donations and Legacies (pledge
from Channel Swim Event Sponsor)|£10,000| |Expense Accrued: Wages and Salaries|(£7,050)| |Expense Accrued: PAYE|(£400)| |Expense Accrued: Professional Fees|(£262)| |Balance brought forward from 31 Aug 2024 (ACCRUAL)|£78,626| 21 YMM ## Assessment of Going Concern Preparation of the accounts is on the going concern basis. The Trustees consider that there are no material uncertainties about the ClO's ability to continue as a going 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. 22 ## YMM ## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2025 ## 3. INCOME ||**Unrestricted**|**Restricted**|**Total**|**RESTATED**| |---|---|---|---|---| ||**Funds**|**Funds**|**2024/25**|**Total 2023/24**| ||**£**|**£**|**£**|**£**| |**a) Donations and Legacies**||||| |Donations|56,866|-|56,866|57,552| |Grants|-|57,123|57,123|69,546| |**Total**|**56,866**|**57,123**|**113,899**|**127,098**| |**b) Incoming from Charitable**||||| |**Activities**||||| |Other Income|2,223|-|2,223|476| |**TOTAL INCOME**|**59,089**|**57,123**|**116,212**|**127,575**| ## 4. EXPENSES ||**Unrestricted**|**Restricted**|**Total**|**RESTATED**| |---|---|---|---|---| ||**funds**|**Funds**|**2024/25**|**Total 2023/24**| ||**£**|**£**|**£**|**£**| |**Costs of Charitable Activities**||||| |DBS Checks|138|-|138|564| |Events|1,693|-|1,693|16,495| |Insurance|-|766|766|549| |Licenses & Subscriptions|276|345|621|1,331| |Other|1,304|3,359|4,663|1,732| |Staff Costs:||||| |Wages & Salaries (note 5)|8,651|39,518|48,169|45,543| |PAYE/NI Contributions|142|455|597|234| |Staff Training|3,470|3,232|6,702|3,116| |Other Staff Costs|1,908|186|2,094|193| |Legal & Professional Fees|2,560|2,815|5,375|3,098| |**TOTAL EXPENSES**|**20,142**|**50,677**|**70,819**|**72,855**| ## 5. STAFF COSTS AND NUMBERS Employees who were engaged in each of the following activities: |Employees who were engaged in each of the following
activities:|| |---|---| |Activities in furtherance of Organisations objectives:
Management and administration:
**TOTAL**(Full time equivalent)|**2024/25**
**TOTAL**
0.71
0.50| ||**1.21**| 23 YMM ## NOTES TO THE ACCOUNTS ## FOR THE YEAR ENDED 31ST AUGUST 2025 ## 6. STAFF COSTS AND NUMBERS (Cont.) ||**Total**
**2024/25**
**£**|**Total**
**2023/24**
**£**| |---|---|---| |||| |Gross Wages &Salaries|48,169|45,543| |Employer's National Insurance Costs &
Employer's Pension Contributions|597|234| ||**48,776**|**45,777**| The charity operates a PAYE scheme to pay all employed members of staff, and no employees received emoluments in excess of £60,000. ## 7. DEBTORS & PREPAYMENTS - Deposit 25% on Warwick Hall for Concert Fundraising Event held in October 2025: £2,694 - Purchase of (20) London Half Marathon places for Fundraising Event held in June 2026: £3,050 **Total Prepayments: £5,754** - Stratford Town Trust grant award payment due December 2025: £11,668 **Total Debtors: £11,668** ## 8. CASH AT HAND - Main Current Account: £8,691 - Savings Account: £65,316 - 35-Day Notice Account: £46,554 **Total Cash Funds: £120,541** ## 9. CREDITORS - Accounts Payable: £3,635 - Income in Advance (Concert Fundraising Event Sponsor): £4,800 - Wages Payable: £4,817 - PAYE Payable: £525 - NI Payable: £158 **Total Creditors (amounts due within one year): £13,934** 24 YMM ## 10. 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. ## 11. 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. ## 12. 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. ## 13. 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. ## 14. RESTRICTED FUNDS |ESTRICTED FUNDS|||||| |---|---|---|---|---|---| ||**Balance**||||**Balance**| ||**1-Sep-2024**|**Income**|**Expenditure**|**Transfers**|**31-Aug-2025**| ||£|£|£|£|£| ||||||| |Little Lives Fund|831|
-|831|
-|-| |Albert Hunt|2,076||2,076||-| |Society of the Holy Child Jesus|
16,880||8,127||8,753| |The 1961|12,510|
7,000|
6,200||13,310| |Kilburn & Strode|10,000||5,435||4,565| |Eveson||2,998|
2,998||-| |Bourne||3,000|
1,958||1,042| |Foyle||6,000|
3,554||2,446| |Tesco||3,125|||3,125| |Stratford Town Trust||35,000|
19,498||15,502| ||**42,297**|
**57,123**|
**50,677**|
**-**|**48,743**| ||||||| |Unrestricted Funds|||||| ||**36,329**|
**59,089**|
**20,142**|
**-**|**75,276**| ||||||| |Total Funds|**78,626 **|**116,212**|
**70,819**|**-**|
**124,019**| 25