Charity iegistration number: 1189771 Ignite Youth Annual Re)rt and Financial Statements for the Year Ended 31 March 2024 Community Accounting Plus Units l ai)d 2 Noith West 41 Talbot Street Nottingham NGI 5GL
Ignite Youth Contents (continued) Reference and Administrative Detsils Trustee8' Report 2to6 Ststernent of Trustees, Responsibilities Independent Examinevs Report Statement of Financial Activities 9t0 10 Balance Sheet Notes to the Financial Statemenis 12to24
Ignite Youth Reference and Administrative Details Trustees Helen Laird, Chair Ego Obi, Vice Chair John Hunter Browi, Treasurer Ddvid Herbert Kelly O'sullivan DOEa Johll, Chief E.xecutive Officer SeThior Management Team Charitv Registration Number 189771 Principal Office 9 Scott Crcsccnt Ray)er5 Lane Ha0. HA2 OTY Indcpcndent Ex#min¢r John O'Brien. employee of Community Accounling Plus Units l and 2 North West 41 Talbot Street Nottingham NGI 5GL Page I
Ignite Youth Trustees, Report )e trustees present tl)e annual report together with tl)e finat)cial statements of the charity for the year ended 31 Marcl) 2024. Trus¢e¢$ And officers The tTU5tees and otTicers 5etving duTing the yeaT and since the year end were as follows.. Trus¢ees'. Helen Laird, Chair Ego Obi, Vice Chair John HILnter Browi), TrSU[er David Herbert Troy Norbert {reigned 30 lune 20231 Kelly O'Sulli*an (appointed l May 2024) Khalil Taipow (appointed l May 2024, until 21 October 2024) Structure, %oi'ernanee and mana%ement Thc charity is a Charitablc Incorporatcd Organisation opcratcd undcr thc rnlcs of its constitution adoptcd 3 Junc 2020. Oll 30th SeptembeT 2020. the charity commenced aCtilty, taking over all a%sets, liabilitie5 and ongoing activity from Ignite Trust, registered charity, number 1088365. Reeruitment and &ppointhieni ofirustees Trustees are recruiied and appointed by tl)e existing board. raking into account tl)e needs of Ignite and Ihe skills and experience that they offer. In an effort to maintain a broad skill niix. the Board of Trustees reviews its n)ake-up regularly and in ihe eveni of particular skills being i)eeded or losi, individuals are recruited to offer themselves for appointment to ihe Board. Objectives and activities Objecl.s Thc objc¢ts nf th¢ charity, which is for th¢ public bcn¢fit and to bc carri¢d Llut within a Christian cthos ar¢- To act as a res(FUTce for yaung people up tn the age of 25 living in the Lnndnn Borough8 1)f Bamet, Brent, Ealing, Harrow and Hillingdon by providing advice and assistance and organising programmes of physical, cducational and othcr activitic a mcans of.. (al advancing in lifc and hclping young pcoplc by dcvcloping thcir skills, Capacitie and capabilitics to tnablc them to participate in.%ociety independent, mature and respon%ible individuals; (bl advancing education. (cl relieN'in¥ unemployjnenl; (dl providinbF recreational and leisure time activity in the interest5 of social welfare for people living in the area of benefit who have need by reason of their youth, a¥e, infirniity or disability, poverty or social and econoinic CiICUTnstances witl) a view to improvin¥ the condition5 of life of such person5. Page 2
Ignite Youth Trustees, Report (continued) ObjeLlive5, strategies activitieb We prtsvide tl)e following activities lor young people.. Mentoiing; * Sports based activity sessions.. Employment and educaiion initiatives. Including employability skills sessions and maths iuition; Creative sessions including music and art: . Detached outreach work. Open access youth drop-in proi'isions: Wlirkshops in schools- Trips and outings. Public beAgfit The trustees confimi that they have coinplied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guid]Ce published by the Charity Commission for Englalld and Wales. Achievements and performance Tl)e charity has suLcessfully iinpleniented 16 core projects that encoinpass nientoring, sports. workshops, trips and tutoringi all aimed at cieating a safeT and mole resilient environment for vulnerable youth. Ne.¥t SivpJ - Htrpp7¥, SLliu(Jl und C(pwniuryi¢J.' Inili(Ilivv The Next Sieps projeci is a collaborative effoff between Ignite. another local chariry and local high school. This project combines 8POrts and mentoring to improve the emotional and mental well-being of .students. By niirturing their physical and emoiional health, it aims io ¢reate a supportive environment for learning and pcrsonal groth. 227 students have actively participated in the program. IVeeK-lJJ Ba.Ikeiknll Se.s.vion The weekly basketball sessions have provided an engaging and positive outlet for young people in the community. These sessions focus on promoting physical activity, teamwork, and positive social interactions. The project is designed to be both and educational, offering an opportunity for young it]diYiduals to channel their energy in a healthy way. The 5es5ions take place at the Ileacon Coinmunity Centre in Rayners Lane South HaoW and serve many of the young people living on the estate. The PTOjeLt has achi¢ed signiliLant inilestunes, with une partiLlPatit aLLepted intu a tup basketball aLademy. We've been SUCLe5sful iii settinbF up trips for participtS to attend profe5biunal basketball gFames, broadeniiig their hvtizons and providin¥F experienLes inany wouldn't vtherwise have acLess to. The Sessions have fOtered a Strong sense of corninunity and teainwork amonbl attendees, creating a 5UPPOrtive network foT these young individuals. Additionally, we've seen llnprovements in participants, physical fitne55. self-confidence. and inteTpeTSonal ski115, contributing to their ovei.all petsonal development and well-bein¥. Page 3
Ignite Youth Trustees, Report (continued) School Ffroi'kshop. Ignite delivered a seTies of school worksl)ops to raise awareness of the issues associated with serious vouth violence and criihinal exploitation. These workshop5 ale designed to provide students I.1th valuable insights iiito tl)e dangers ot. ¥dl)g involvement, while also equipping them with the tools to iesist peer pressuie and make inlottned decisiuns. The ivorkshops were deliiered in three of the boroughs secondary schools and reached 107 siuden(s. The workshops provided an increased awareness among students about the risks of youth violence and gang involvemeni. They empowered sludenis with knowledge and slralegies lo make inlornied choices. We received positive feedback from teachers and siudents regarding the inipact of the workshops. Our youth mentoring program fO¢le$ on engaging young people wilh particular risk factors and Trvlnerabilities that make them more 8usceptible to criminal exploitation. Throiigh one-on-one menioring, the ¢hariry aims to increase the resilience and protective fa¢iors of young people and prevent them from becoming gang involved. Employabili Skills Our employability &ki115 project equip5 young peuple with essential skills to acLeb5 eiiiplvyinent or training opportunitie&. Th15 pfobTrain proN'ides a holistlL approach to profesbionul development, inLludinbT workshops. oiie-on-one coaching. aiid assi5taiice with preparing CVS, all desi¥ned to eTnpower youn¥ individuals for a successlul transiiion into the job market. We have seen noticeable improvements in participants, eonfidence. communication skills, and interview techniques. Creative Arts PrJject5 Our creaiipe arts projects proi'ide young people with OPPL)rtuniiies to engage in creative activities that promote emotional resilience and well-being. The projects focused on using music, digital media, and other creative oiitlets as tools for self-expression, helping participants to reflect on their experiences and develop skills thai enhance their personal growth. These sessions offer a safe, suppoffive environment where young people can explore iheir creativity, collaborate with peers, and build confiden¢e. In addition to group sessions, the projects include mentoring to support individuals with pcrsonal challcngcs, hclping thcm.%ct goal% and bUild.trategicS for the futurc. Earlv Inten'enlioN Programmes- Crisis Jntervenlion Youth Project The Crisi5 Intervention Youth project focused on reducing dTug and alcohol dependency in young people and develupin¥ their resilience. It Lumbined tiii¥eted mentoiin¥. ¥roup activity sessions and deLaLlied outre(ILh youth work to support young people in understanding risk and iinpioving their ability to make safe cl)oices. Through mentoring sessioi)s, young people were encouraged to rellecl on tl)e underlying* reasons causing their drug use. Togetl)er with their mentor, tl)ey worked to develop healthier coping mechanisms, set attaii)able goals ai)d clear action plans to reduce theii dependency. Our group activity sessions also prtsved to be a key component of the pioject as they pn)vided a safe space for young people to engage with their community and develop healthy peer groups, sieering them away from negative influences that may have contributed to their drug use. Over the Lourse of the project, youth workers observed notable improvements in young people's confidence and emotional resilience, their ability to assess risk and make safe choices. Page 4
Ignite Youth Trustees, Report (continued) Financial review Igiiite Youth has had a 501id financial year, with our incotne (predorninantly from Grants and donatiot]s) totalling £413,313 up to the financial year ended 315t March 2024, slightly exceeding our expendire of £405,352. Both haN'e gro1 compared to the previou5 financial year as the charity lias delivered a greater impact to it5 beneficiaries. Our unrestricted general fund continues to satisfy OUT reserves policy (see below). This stable financial p05ltion, alongside the ongoing geneTOSlty of OUT nders. means our charity re15 well placed to continue to explore ways of extending and deepening our llllPaLt even furtlier in the next finanLial year. Policy on reserves Trustccs minimisc financial ri%k by monitoring incomc and eost%, activcly cngaging with grant fundcr%, and limiting financial liabilitics. Thc trustc¢s aim 10 maintain a gencral T¢scrvc of 4 months running co8ts. Th¢ tnistees have set this level of general re.serve'. •To qupport the operations of the trnst if income was to fall temporarily. or •To enable a controlled rundown of actiltIeS if it becaine no longer feasible to continue the operations of the charity. Jolnt Message from Ch#lr of Trustees and CEO tkar Friends and Supporters, As ive reflect on the past year. we are filled with a mix of pride and deep concern. It has been a year of both remarkable 9lhieeMents and unprecedented challenges: and e want to share both our triumphs and the critical issues facing young people today. First and foremost, we are incredibly proud of the progress we've made. Our programs reached over 875 cl)ildien and young people. which is a 25 /u increase on the previous year. From educatioi)al workshops and n)entorship programs to Inei)tal health support and career guidance, we have been able to provide crucial services that empower young people to rea¢h their full potential. However, the impact of the cost-of-living crisis ha5 cast a long shadow over these Successes. This crisi5 ha5 hit yuung peijple partiLularly hard, exaLerbatiii¥ existing batTierb and CTeatiii¥ new vnes. MY ijf the young people we servt <llt stTu¥glin¥ with Lhalltngts tl)ut no unt shuuld havt to £ILe. We were moi'ed tv fundraise for inuney tv buy tiainers fur youn¥ people i.hO ivere tutning up tu uur bPOIts sebsiijns in luotwear th(It W Lumin¥ dpklrt. Whenever we could we provided young people with a hot Ineal at our weekly drop-in service. knowing for some it would be their only l)ot meal of the day. Rising costs of essentials like food. housing, and tran5POrtation have made it difficult for families to make ends meet, leading to increased stress and instsbility. For many, the dream of higher education or stable employinent fe£ls increasingly out of reach. The8e barriers are not just financial they are emotional and psychological, too. The constant stress and uncertainty have taken a toll on the mental well-being of young people. We've witnessed a rise in anxiety, depression, and feelings of liopelessness aniong those we Se£. It's clear that the cost-of-llIng crisis is not jiist about economics,. it's about the very fabric of our society and tlie future of the next generation. Yet, in the face of these challenges, we have also witnessed incredible resilience and detemiination. The young people we ivork with are some of the most inspiring individuals ive know. They are finding ways to navigaie these tough times, drawing strength from their communitieq and from the support we ¢an offer. Page 5
Ignite Youth Trustees, Report (continued) )eTe is tl)e young woman who after receiving Inei)toring, returned tts university after originally dropping out because of inteiise anxiety, and the young man who was at-iisk of becoming involved in gang activit}., accepted iiito a basketball academy alter engaging in oui sport sessions... and so ihaiiy others who have tutned adversity it)to advantage. We are more cominitted than ever to addressing these issues head-on, and helping our young people advance in life, and strengthening our coinmut]ities. Our focus in the coming year will be on expanding our seTrices for those affeLt¢d by the ctiininal justice systein and dei'elopin¥F uur gir15 work. As wc comc to th¢ cnd of our currcnt thrcc-ycar stratcgic plan in March 2025, wc arc rcflccting on our journcy and the progress we've made. Thi5 period has been transformative, allowing us to strengthen ollr foundation and expand our reach. We have built stronger partnerships, developed innovative programs, and seen fjrst-liand the positive impact of our efforts. Looking ahead, we are beginning io think about our needs and priorities for the future. The challenges young people fa¢e are evolving, and we must adapt to meet them head-on. Our next strategic plan will focus on deepening our impact with pulnerable groups, such as care experienced young people, leveraging technology, and fobtering resilience among the youth. We catjnot do this alone. and are grnteful to siaff, volunteers, supporters and our funders: BBC Children in Need CABWI Awarding Body Church of England. 6 Crowm Sireet CNWL NHS Trllst Harrow Giving Home Group Jack Petchey Achievement AwaTds Jack Petchey Foundation Jlihn Lyon's Charity Next Steps LNWH NHS Trust Londi)n Borough i)f Harr()w NHS England The Henry Smith Charity Young Harrow Foundation Youth Music Together, we can ensure tl)at every young persoii can thrive, despite the challenges they face. Thank you for standing with us, for bclicving in our mis%ion, and for making a diffcrcncc in thc livc.% of %0 many young people. Page 6
Ignite Youth Statement of Trustees, Responsibilities )e tmstees Mre responsible for preparingy tl)e trustees, report and the finanLial staten)ents in aLcordanLe with the United Kingdom Accounting Standaids (United Kingdom Generdlly Accepted Accounting PiaLticel ai)d applicable laiv ai)d ieguldtions. The law applicable io Charities requires the tru8tee8 to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the ¢hariry and of the incoming resour¢es and application of resources of the charity for that period. In preparing these financial statements, the trllsiees are required to.. select Suitable acLountinb policies and then apply them consibtently; observe the methods and principles in the Charilies SORP,. make judgements and estimates that are reaso[b]e and prudent; state whetheT applicable accountiii¥ standard5 have been followed, subject to any in3teTial departures disclosed and explained in the financial statenient5', dnd prepare the financial statements on the going concern basis unle&s it is inappropriate to presume thai the charity will continue in business. The tru8tee% are re%ponsible for keeping proper accounting record% that disclose ivith rea%onable accurdcy at any tiine the financial position ofthe cliarity and enable them to ensure that the financial stateinents coniply with the Cliarities Act 2011, the ChaTlties (Accounts and Reports) ResTulatioiis 2008, and the provisions of tlie constitiition. The trLiStee5 are also re5pon5ible for safeguarding tlie assets of the charity and hence for taking reasonable 5tep5 foT the prevention and detection of fraud and otlier i£&ulrIties. The trustees are responsible flir the maintenance and integrity of the corporate and financial infomiation included on the charitable company's 'ebsite. Legislation governing the preparation and dissemination of tinancial statements may differ from legislaiion in other jurisdictions. Appruved by the tiustees of the Lharity on 0611024 . bigned vn its behiilf by.. Helen Laird Trustee Page 7
Ignite Youth Independent Examiner's Report to the trustees of Ignite Youth Independent exxminer's report to the trustees of Ignite Youth I ieport to the ttusttes on my examination of the acLounts of Ignite Youth (the ChaTity) for the year ended 31 Marcli 2024. Responsibilities and basis of report A.% the trustees of the eharity you are responsible for the preparation of the ac¢ounts in a¢cordan¢e with the requirements of the Charities Act 2011 (the Act.). I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying ollt my exainination I have follo.ed all the applicable directions given by the Charity Commission under section 14515)Ibl of the Act. Independent examiner 5 Statement Since the Charity's gloss iiicoine exceeded £250,000 youi examiner must be a membei of a body listed in section 145 of the 201 l Act. I confirni that l am qualified to undertake the examination because l am a member and Fellow ol'the Association of Charity Independent Examiners, which is one of the listed bodies. I have coinpleted niy examination. L confinn that no inatters have Come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accoid with those records; or 3. the accounts do noi comply with the accounting requirements ¢on¢erning the fomi and content of accounts set out in the Charities (A¢counts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a rnatter Considered as part of an independent examination. I havc no conccrns and havc comc acro%% no othcr mattcr% in conncction with thc cxamination to which attcntion should be draHu in this report in order to enable a proper understanding of the accounts to be Teached. rien Msc, FA T A, FCC.A, FCTE. employee of Comrnunity Accounting Plus Fellow of the Association of C'.harity Tndependeni Examiners Units l and 2 North West 41 Talbot Street Nottingham NGI 5(iL Date.. 1811212024 Page 8
Ignite Youth Statement of Financial Activities for the Year Ended 31 March 2024 Total 2024 Total 2023 Unre5tri¢ted Restrieted Note Income and Endowments from: Donation% and Icgacics Charitable activities Invesimenl income 8.603 1,173 3,179 8,603 401,531 94.387 259,624 1,087 400,358 Total Lncome 12,955 400,358 413,313 355,098 Expenditsre on: Charitable activiiies 12.3,5161 1381,836) 1405.352) (326,718) Total Expenditure 123.5161 1381.836) 1405,352) (326,7181 Net {expeiiditure}lincome Gross transfer5 between fund5 (10,561) 137.7371 18,522 37.737 7,961 28,380 Net inovement in funds 148,2981 56,259 7,961 28,3110 Reconciliation of funds Total funds biought forward 219,504 92,195 311,699 283,319 Total fund5 caTried foTward 171,206 148,454 319.660 311,699 All of the charity's activities derive from continuing operation% during the above two period%. The funds breakdown for the period is shown in note 15. The notes on pages 12 to 24 fonn an integral part of these financial statements. Page 9
Ignite Youth Statement of Financial Activities for the Year Ended 31 March 2024 (continued) These are the figures for the previous aecounting period and are ineluded for comparative purposes Total 2023 Unrestrlcted Restrlcted Note Income and Endowments from: Donation5 and legacies Charitable activitie5 94,387 94,387 259,624 1,087 259.624 Investment income 1,087 Total Income 95,474 259,624 355,098 Expenditure on: Charitable activities 189,779 236,939 326,718 Total Expenditure 189,779 236,939 326,718 Net incoine Gross transfers between funds 5,695 5,023 22.685 {5,023) 28.380 Net movement in funds 10,718 17,662 28,38(1 Reconciliatinn Ibf funds Total funds brought fonvard 208,786 74,533 281,119 Total funds carried fonward 15 219,504 92,195 311,699 The notes on pages 12 to 24 fonn an integral part of these financial statements. Page 10
Ignite Youth (Registration number: 1189771) Balance Sheet as at 31 March 2024 2024 2023 Tr4ote Fixed assets Tangible assets io 599 1,198 Current assets Debtors Casli at bank and in hand 6,183 322,247 2,933 310,517 12 328,430 313.450 Creditors: Amounts falling due iTrithin oThe year 13 19,-169) 12.949) Net curreTht a55et5 319,061 310,501 Net assets 319.660 311,699 Funds of the charity: Restricted ineome funds RestTiCted funds 148.454 92.195 Unrestricted income funds Unrcstrictcd funds 171,206 219,504 Total funds 15 319.660 311,699 Th¢ financial statcmcnts on pagcs 9 to 24 wcrc apprlivcd by thc trustccs, and authoris¢d for issuc on 0611212024 and signcd on th¢ir bchalf by. John Huntcr Brown Trustee The note5 on page5 12 to 24 foTm an integTal part of these financial statements. Pa¥ell
Ignite Youth Notes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policies Statement of eompllanee The financial statcmcnts have been prepared in a¢cordan¢e ivith the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Finan¢ial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 102) at]d the Charities Act 2011. Basis of preparation Igiiite Youtli meets the definition of a public benefit entity llnder FRS 102. Assets and liabilities are initially recognised at historical cost or transaction 'aIlle unles5 Othetm'ise stated in the releyant accouiiting policy iiotes. Exemption from preparing a cash flow statement Under the exemption available to smaller charities the Board of Tst¢eS has chosen not to include a Statement of Cash Flows wiiliin the financial stateinents. Going concern Tiie financial statenientb. have been prepared on a going concern basis. The trustees whethet the ust of ¥oing concetn is dppropriate i.e. whether there <e aiiy matetial unLaldinties rel£Lted tu events ui conditions that may Last si¥nitic<t doubt the bilitY of the chdrity to Luntinue gvin¥F LonLern. The trustees mklke tkn"s dsse5sineiit in iespeLt of & period of oiie yer the date of approval of the financial statements. Income and endowments Voluniary income including donations, gifts, legacies and grants that provide core funding or are of a general naiure is recognised when ihe chariiy has entiilement to rhe income, it is probable rhat the incorne will be received and the ainount can be Ineasured with SU1¢Aertt reliability. Donation and legacies are recognised on a receivable basis when receipt is probable and the arnount can be reliably ineasiired. InveslrneHI income Dividends are recognised once the dividend has been declared and notification has been received Lif the dividend due. Expenditure All eKpendiiure is recognised once there is a legal or construeiive obligation to ihat expenditure. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditiire heading that aggregates similar costs to that ¢alegory. Where costs cannot be directly attributed to particular h¢adings thcy havc bc¢n allocatcd on a basis consist¢nt with thc usc of rcsourccs, with ccntral staff costs 211o¢atcd on th¢ basis of tim¢ sp¢nt, and dcpr¢ciation chargcs allocatcd on th¢ portion of thc assct's use. Othcr suppnrt cn%ts arc allocatcd bL8cd nn thc 8prcad nf %taff ci)st%. Page 12
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) Charilable activities Chaiitable expei)diture comprises those costs incurred by the cl)arity in the delivery of its activities ai)d services foi its beiieficiaries. It ii)¢ludes both Costs that can be allocated directly to such activities and those Costs of an ii)direct nature necessary to support them. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporaiion t&x purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapler 3 Paff I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent thai such income or gains are applied exclusively io charitable purposes. Tangible fixed assets Individual fixed assets Costing £500.00 or more are initially recorded at ¢ost, less any subsequent awumulated depreciation and subseqiienl ac¢umulated impairnient losses. Depreciation and #mortisation Dcprceiation is providcd on tangible fjxcd &$8Cts so as tn writc nff thc cti%t nr valllation, Ic$8 any cstimatcd rc%idual valuc, ovcr thcir cxpcctcd u%cful ceonomic lifc aq folloiv8' Asset elass Computer equipment Depreelatlon method and rate 330/0 Straight line Trade debtors Trad¢ dcbtors ar¢ amounts diic from customcrs for mcrchandisc sold or scrviccs p¢rfomi¢d in th¢ ordinary course of business. Tradc dcbtors arc rccogni%cd initially at thc transaction pricc. Thcy arc subscqucntly mcasurcd at amortiscd cost u%ing the cffcctivc intCTC%t mcthod, Ic8$ provi.%ion for impaiTmcnt. A provision for the impainncnt of dcbtor% is c%tablishcd whcn thcrc is objcctip'c cvidcncc that thc charity will not bc ablc to collcct all amounts duc according to the original terms of the receivables. Cash and cash equivalents Cash and casl) equiN'alent5 comprise cash on hand and call deposit5, and other short-temi hibThly liquid investments that are readily convertible to a knomu amount of cash aiid are subject to an insignificant risk of change in value. Trade creditors Trade creditors aTe obligations to pay for good5 or serviLes that have been qUired in the ordinary course of business from suppliers. Accounts payable are classified a5 current liabilitie5 if the charity does not have an unLondiliunal righl. at the #nd ol. the Tepurlinx period, to defer setiltmtnt uf the Lredilur lui &1 leasl Iw¥lvt months after the reporting date. If there is an unconditional right to deter settleinent for at least twelve months after the reporting date. they are piesei)ted as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost ubing the etyective interest n)etl)od. Page 13
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) Fund structure Unrestricted income fvnds are geneTal funds that are available for use at the trustees, discretion it] furtheTance of the objective5 of the charity. Rebtiicteij inLun)e tunds dre those dunated foi use in a particul area 01 for specifiL purpvses, the use of whiLh is iebtiiLted tu thdt drtkl or putpobe. Pensions aDd other p05t retirement obligatiotLS The charity operates a defined contribution pension scheme for emplo}'ees. The assets of the scherne are held separately frorn those of the chariry. Pension costs charges in ihe Statement of Financial Activiiies represeni the contributions payable by the charity during the year. 2 Income from donatfions and legacles Unre$tri¢ted funds General TotAI 2024 Totol 2023 tk)nations and legacies,. Donations from companies, trusts and similar proceeds Donatitsns from individuals Gift aid reclainied 3,440 4,610 553 3,440 4,610 553 88,750 4,727 910 8,603 8,603 94,387 3 Income from charitable activities Unre5trieted funds General Restricted fund5 Total 2024 Total 2023 Grants & donations Events 400,358 400,358 1,173 259,624 1,173 400,358 401,531 259,624 4 Investment Income Unrestricted rund5 General Total 2024 Total 2023 Interest receivable and similar income- Inrest receivable on bank deposits 3,179 3,179 1,087 Page 14
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) 5 Grants and donations Unrestricted fund5 Restricted fund5 Total funds John Lyons c.harity LNWUH NHS Trust CAB WI Ti)e Henry Smith Charity Jack Petchey Foundation Young HrroW FoUndtion HaoW Council Hestia NHS Community Connection Central & North West London NHS Foundation Trust BBC Children in Need Home Group Cliurch of England 6 CTOllTrI Street EndoMTrneiit Fund Voliintary Action Harrow Youth Mu%ic Sundry donations HMRC Gift aid 112,300 62,612 35,000 30,000 28,345 20,994 19,982 19,125 16,912 16,144 15,000 11,487 6,558 5,899 112,300 62,612 35,000 30,000 1,000 20,994 19,982 19,125 16,912 16,144 15,000 11,487 6,558 5,899 7,050 553 7,050 553 8,603 400,358 408.961 Page 15
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) 6 Expenditure on charitgble activities Unrestritted General funds Restricted funds Total 2024 Total 2023 Bank charges Legal & professional fees Dues & subscriptions Equipment Insurance 20 3,588 40 3,313 2,032 383 2,475 1.205 2.697 17.371 3,672 228 60 6,901 2,032 658 2,475 1,205 3.261 17,493 3.672 298 72 3,577 2,585 399 1,867 1,321 1,252 13,107 2,808 275 IT buppvrt Office supplies & stationery Offjce rent 564 122 Tcl¢phonc & mobil¢ costs Training Utilities R&Lte Transport & caT niileage Parkillg Project activities Proj¢¢t food Project rent Project resources Pioject equipment Project training Salaries, Nl & pensions Depreciation Sundry expenses Repairs & maintenance 70 3,161 672 1.838 3,161 672 2,035 921 715 197 2,537 32 7.925 3,348 11,602 2,708 7,991 8,601 17,906 5,877 7.991 8,601 I R,309 5,877 941 403 2,752 295,778 2,752 309.199 599 1,825 4,335 4,754 255,323 2.293 2.585 2,823 13,421 599 148 4.109 1,677 226 23,516 380,836 404,352 326,718 7 Net incomingloutgoing resources Net inLoming resourLes for the year include.. 2024 2023 Deprecialion orrixed assets 599 2,293 Page 16
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) 8 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs duriDg the year were: Wage5 and salaries Social SeiritY costs Pcnsii)n cn%ts 284,620 19,522 5,057 235,217 15,570 4,536 309.199 255,323 The monthly average number of person8 (including qenior management team) employed by the charity during the year was as follows.. 2024 2023 Monthly paid staff 1012023- 91 of the above employees participated in the Defined Contribution Pei)sion Schemes. Contributions to the employee pension schemes for the year totalled £5.057 {2023 - £4,536). No einployee received emoluinents of more tlian £60.000 durinbF the year The total emplL)yee benefits of the key management personnel of the charity were £49,812 (2023 - £48,688). 9 Taxation The charity is a registered charity and is therefore exempt from taxation. Page 17
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) Ilj Tangible fixed assets Computer equipmeTht Total Cost At l April 2023 7,279 7,279 At 31 Mah 2024 7,279 7,279 Depreciation At l April 2023 Charge for the year 6,081 599 6,081 599 At 31 March 2024 6,680 6,680 Nct book valuc At 31 March 2024 599 599 At 31 March 2023 1,198 I l Debtors 2024 2023 Trade debtors Piepaynients Other debtor5 4,387 1,596 200 1,392 1,541 6,183 2,933 12 Cash and cash equivalents 2024 2023 Cash at bank 322,247 310,517 13 Credltors: amounts f#lllng due wlthln one year 2024 2023 Trade creditors Other LTtditors Accruals 1,822 6,947 600 96 2,853 9,369 2,949 Page 18
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) 14 Obligations under leases and hire purchase contracts 2024 2023 Land and buildings Within one year 875 875 15 Funds Balance al 31 March 2024 Bal&n£e at I April 2023 Incoming resources Resources expended Transfers Unrestricted funds GeNerlll Gcncral fijnd 219,504 12,955 (23,516) {37,737) 171.206 Restricted funds A.9rd$ fund (Jack Petchey) Criininal Justice Initiatives Employment fund Mentorillg Rayners Lane Gangs Work Sports fund Workshops COVID fund Training & iniemship nd Actii'ity & Music fund Summer activities Mental Well-being Salary fund 1,966 12,457 16,707 895 14.064 22,792 9,868 5,648 5,400 32,625 30,000 35.000 15,000 57,500 14,844) {41,144) {26,276) {35,372) {25,960) (53,597) (6,329) 2,522 3,938 20,431 523 3.104 26.695 3,539 {5,648) (1,120) 22,945 20.899 4,800 1?6,189 50,000 (21,785) (5,219} 14.800} {98.323) 158,187) 13,274 13,323 188 12,3571 188 13,2671 24,599 36,318 44,505 Total restricted funds 92,195 400,358 1381,836) 37,737 148,454 Total funds 311,699 413,313 1405,352} 319,660 The transfer from the Training & internship fund to the General fid reflects the relea8e of any re%trictions on the iise of these flind%. The transfer from the COVID fund to the General COfTects the closing balance on thi5 fund. The transfer froin the General fiind to the salaTies funds relates to correct classification of these funds, previously included witliin unrestricted. Page 19
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) Ti)e specific purposes for wl)ich the funds are to be applied are as follows.. Awards Fund Funder.. Jack Petchey Achievement Awards tksLription.' Fundb a reLreational ctivity choben by young people, as part of the Jack Petchey Award 5Lheme. Criminal Justice Initiatives Fund Funder.. Church Lif England, 6 Crown Street Desciiption.. To addresb the issue and in)pact ol. alcohol ai)d drug misuse, primarily that of vaping amongst young people. Supporting young people to liN'e healthiei and safer lives. Funder.. Young Harrow Foundation Description.. Youth led research projwt focused on 'young people's safety, within Harrow town centr¢. Funder.. BBC Children in Need Description.. To engage young people with particular risk factors and vlllnerability to being dTawn into gangs, to support them piimarily thTougli inentoiin¥ to increase theii iesilience and protective factors aiid prevent thern becoininb iiivolved. Employment Fund Funder." The Henry Smith Charity Description.. Ernployment 5llPPOrt, deliveTed throii¥h l.. l and bTroup work with our specialist employability youtli woiker. The setvice also offers young people opportunities foT training, apprenticeship5, and re-en¥a¥in¥ witl) education. Mentoring Fund Funder.. CNWL NHS Trust DtSLliPtivn'. WorkinsT Ill LunjuiiLtiun with uui loLal NHS Trust. a youth wurker froin IbFriit¢ piuvidtb an opportunity foi patients held on the mental health wards to access intensive mentoring support and other activities offered by Igmite. Funder.. CABNVI AwaTding Body Description.. Mentoring, coaching, s)$ sessions and detached outreach youth work that supports young people in developing their mind-set to rnake better choices. Rayners Lane Gangs Fund Funder.. Horne Group D¢scription'. This projcct focu5¢s on ¢ngaging with young pcoplc in and around thc Rayn¢rs Lanc Estat¢, who arc most vulncrahlc to participating in dangcrou8 and possibly illegal activiry. Th¢ proj¢ct ¢ngagcs with yowig pci)plc through a scric% of dctachcd, mcntoring, music, and sport% scs8iot]s. Page 20
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) Sports Fund Funder.. John Lyon's Charity- Next Steps Description.. This pannership project encompasses sports. mentoring and detached youth work for siudents at a local secondary school. Workshops FuThd Funder.. The London Borougli of Harrow Description.. A series of workshops rhat deliver training and provide a safe space for parents from the Black community to explore iopicq associated with youth violence. Parents then go on to become Community baqed 'Parcnt Champions, sharing thcir knowlcdgc and %ignposting othcr parcnts to appropriatc 8crviccs. Funder." Deo Deuce Foundation Description.. Three 4-week rounds of workshops tsrgeted towards years 8 and 9 and focusing on improving students, safety. wellbein¥ and resilience. Thc projwt rais¢s awar¢ncss around thc issu¢s associatcd with s¢rious youth violcncc and criminal ¢xploitation, Ivhil8t limiting thc likclihnod i)f ynung pci)plc bccoming involvcd in ynuth vinlcnec and gangs. Covld Fund Funder.. Paul HaTnlyn Description.. A creative art% youth work project focusing on the impact that Covid-19 has had on young people by providing a platform for thein to voice their experiences and empowering them to address this. This fid ended in the previous financial year. Tralneeships Fund Funder.. Jack Petchey tkscription.. Inten15hip ProgramTne- Providing a yeaT'5 paid intem5hip for a new member of the teaTn. Activities & fliusic Fund Funder.. London Borough of Harrow tkscription.. Youth Music. The project USeS the transformational POWeT of music and self-expression to reduce inequalities and reduce iisky/life-limitin¥ behavioui in young people. Funder.. Young Harrow Foundation Desciiption.. Lead Right ProjeLt; to support a Lohort of students to stay engaged in eduLation by taking part in non-Lontact boxing sessions. AQA-accredited workshopb, group mentoring and one-to-one mentoring. Summer Holiday Activities Fund Fundcr.. Young H3rr0w Fowidation Description.. The provision of activities and trips during the six-week summer holidays. Page21
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) Mental Wellbeing Fund Funder.. Lot]don BoTough of Haow, Pllblic Health Team Description. RESTORE. a project that focuses on providing a safe space for young Black men. to explore culturally relevant issues that can affect their menial healthlwellbeing. Exploring the significance of cultural trauma. Funder.. LNWH NHS Trnsl tkscription.. Thi5 project 15 focused on supportins youllb people with diabete5 to live healthier live5, by iitilisin¥ tech to help tl)eni InanasFe tlieii condition. The pioject offer5 participants the opportunity to tap into the support of a non-clinical trusted adult to support their jOUTney. Fundcr.. LNWH NHS Trnst Description. NEON. The project aims to improve ihe patieni experience, compliance with trearment and improi'e health outcomes. The Ignite youth worker is embedded within the hospital and supw)rt is also provided if an in-community referral is generated. Funder.. Hatrow Giving Description.. The provision of a waTm space dedicated to young people. Core Costs Fund (Salarles) Funder.. John Lyon's Charity and Lloyds Batth Foundation Description.. Fiu)ding towards the organisations core costs. Page 22
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) B#lanee at 31 Mareh 2023 Bal#nee #t I April 2022 1comIng resources Resourees expended Transfers Unrestricted funds General General fimd 208,786 95,474 {89.779) 5,023 219.504 Restricted A.3rd$ fund (Jack Pctchcy) CEO Salary fund Criminal Justice Initiatives Employment fund Menturin¥ Raer5 Lane Gall¥ Work Sports fund Trips & outings fiind Workshops C.OVID fund Traii)ing & internship fui)d Activity & Mu&iL fund Summer aCt1.1t1eS Mentsl Well-being 1,548 10,272 9,944 2,733 4,541 13,880 5.103 3,825 235 5,400 14,982) {10,272) {36,381) {15,693) {33,646) {14.816) {35,311) 1.966 38,894 30,000 30,000 15.000 53.000 12,457 16,707 895 (333) 14,064 22.792 (3,825) 1333) 31,968 (22,002) {13,538) (2,872} {28.375) 15.154} (13,897) 9,868 5,648 13,234 {2,357) 188 {3,267) 19,186 3,266 12,840 26,550 5,342 10,630 (532) Total restricted funds 74,533 259,624 1236,939) (5,023) 92,195 Total funds 281,319 355,098 1.726,718} 311,699 16 1ThdependeTht examiTher's fees During the period, the fees payable (excluding VAT} to the charity's independent examiner Comrnunity Accounting Plus are analysed as follows.. 2024 2023 Independent examination 1,300 1,050 17 Trustees remuneratlon #nd expenges No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbutsed expenses or any other benefits froni the charity durinbi the year. Page 23
Ignite Youth Notes to the Financial Statements for the Year Ended 31 Mareh 2024 (continued) 18 Analysis of net assets belTh'een funds Unrestricted 2024 Total funds General Restricted Tangible fjxed assets Current assets Current liabilities 599 599 179,976 {9,-3691 148,454 328,430 {9,-369) To(al net assets 171,206 148,454 319,660 Unrestrleted 2023 Total funds Gener41 Restricted Tangible fixed assets Current assets 1,198 221,255 12,9491 1,198 313,450 {2,949) 92,195 Current liabiliti¢s Totsl net assets 219,504 92,195 311,699 Page 24