## **REGISTERED CHARITY NUMBER: 1195348**
**Report of the Trustees and Unaudited Financial Statements for the Year ended 31 July 2023 for FRESH YOUTH MILTON KEYNES**
## **FRESH YOUTH MILTON KEYNES**
**Contents of the Financial Statements for the Year ended 31 July 2023**
||Page|
|---|---|
|Report of the Trustees|1 to 2|
|Independent Examiner's Report|3|
|Statements of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Financial Statements|6 to 8|
|Detailed Statements of Financial Activities|9|
## **FRESH YOUTH MILTON KEYNES**
## **Report of the Trustees for the Year ended 31 July 2023**
The trustees presents their report with the financial statements of the charity for the year 29 July 2022 to 31 July 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1195348
## **Registered office**
Suite 6, 3rd Floor Margaret Powell House Midsummer Boulevard Milton Keynes MK9 3BN
## **Trustees**
Alexander Pinheiro Folashade Komolafe Uzochikwa Nwuga
## **Secretary**
A Komolafe
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
Fresh Youth Milton Keynes is a Charitable Incorporated Organisation. It is governed by its charitable objective and controlled by the Trustees for the purpose of the law.
## **Principal Activity**
The principal activity of the Charity in the year under review was to act as a resource to young people up to the age of 25 living in Milton Keynes providing advice, assistance and organising educational programmes/activities.
## **Risk management**
The trustees have addressed the major risks to which the charity is exposed, in particular those relating to specific operational areas of the charity and its finances. The trustees believe that by monitoring reserve levels, by ensuring controls exist over key financial systems and by examining the operational and business risks faced by the charity, they have established effective systems to mitigate those risks.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity has one main objective:
To act as a resource for young people up to the age of 25 in Milton Keynes.
It pursues this objective through the provision of advice, assistance, and educational training that supports developing life and other skills, capacities and capabilities to enable them paticipate and contribute in society.
## **Plans for the future**
The charity will continue to grow its resources, educational and skills, training programmes and experienses in in any other way necessary to help the youths that comes through its doors in the Milton Keynes area. The charity will use its resources in an effective manner adopting locally, nationally and internationally tested ideas and methods, existing activities and initiating new programmes and activities that will benefits the youths.
Page 1
## **FRESH YOUTH MILTON KEYNES**
## **Report of the Trustees for the Year ended 31 July 2023**
We continue with two formats of mentoring, one-to-one and group sessions in the school we service, while the mentees that are not in school, community mentoring remains one-to-one. The group sessions are a maximum of three students to one mentor. All sessions are forthnightly during school hours and term time, now with the added option of out-of-school contacts in between sessions with parental consent.
FYMK's mentoring sessions in the last year equated to 1,048 mentoring hours over the six months in schools and 250 mentoring hours in the community.
## **Group Mentoring Session:**
The group sessions have been beneficial for some of the mentees, it allows peer-to-peer learning to take place in the group. As we identify some mentees who will benefit more from one-to-one mentoring, we make arrangement for that. This may be due to the challenges they need support with and confidetiality or other situations and circumstances, one-to-one mentoring is still available.
## **Empowerment Sessions:**
We delivered four sessions for young people aged 12-16. The empowerment sessions covered the following themes of the youth development framework:
- Leadership and Relationships
- Goal Setting and Confidence Building
- Resiliance and Determination
88 young people attended the sessions, with 32 unique attendees. Professionals and experts from local business businesses and education and youth workers delivered and facilitated the sessions.
## **Community Partnerships**
The mentoring programme for young people at risk in Milton Keynes continues to engage local agencies involved with youth welfare. We engage to establish the best approach to serving and supporting young people to cultivate good habits and the right decision-making, embed the behaviours and continue to improve. We have established relationships with these local agencies, Youth Offending Team(YOT), MK Family Service, Thames Valley Police and Crime Prevention Squad, The Social Services and we continue to work with them.
## **Business Engagements**
Our engagement with local businesses is improving but not yet at the level, we would like it to be, which is a broader base with tangible partnerships established. More businesses are aware of Fresh Youth MK and recognise and appreciate what we do for young people in MK. We continue to engage with existing organisations and we can add 2 more to the list.
## **Thanks And Appreciation**
We are particularly thankful to our donors, funders, management and the operations team and volunteers who have been so generous in their sacrificial contributions of time, efforts and finances to the ongoing work to see young peoples' lives touched and changed for the better in the year.
Approved by order of the board of trustees on 30 May 2024 and signed on its behalf by
U Nwuga - Trustee
Page 2
## **FRESH YOUTH MILTON KEYNES**
## **Statements of Financial Activities for the Year ended 31 July 2023**
|**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations, Gifts, Grants and legacies
2
Investment Income
**Total**
**EXPENDITURE ON**
Raising funds
4
Charitable activities
**Total**
**NET (EXPENDITURE)/INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|**2023**
**2022**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**fund**
**funds**
**funds**
**£**
**£**
**£**
**£**
60292
3000
63292
21000
-
-
-
-|
|---|---|
||**60292**
**3000**
**63292**
**21000**
24883
0
24883
2000
20287
3000
23287
0|
||**45170**
**3000**
**48170**
**2000**|
||15122
0
15122
19000
19000
0
19000
0|
||**34122**
**0**
**34122**
**19000**|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities
The notes form part of these financial statements
Page 4
## **FRESH YOUTH MILTON KEYNES**
## **Balance Sheet At 31 August 2023**
|**Notes**
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Debtors
8
Cash at bank
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
10
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2023**
**2022**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**fund**
**funds**
**funds**
**£**
**£**
**£**
**£**
1806
-
1806
0
4899
-
4899
-
27721
-
27721
19000|**2023**
**2022**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**fund**
**funds**
**funds**
**£**
**£**
**£**
**£**
1806
-
1806
0
4899
-
4899
-
27721
-
27721
19000|
|---|---|---|
||34426
-
(304)
-|34426
19000
(304)
0|
||**34122**
**-**|**34122**
**19000**|
||**34122**
**-**|**34122**
**19000**|
||**34122**
**-**|**34122**
**19000**|
|||34122
19000
-
-|
|||**34122**
**19000**|
The financial statements were approved by the board of Trustees on 30 May 2024 and were signed on its behalf by
U Nwuga - Trustee
Page 5
**FRESH YOUTH MILTON KEYNES**
## **Notes to the Financial Statements for the Year ended 31 July 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where cost cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment 20% on cost- straight line
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restriction arises when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. ACTIVITIES FOR GENERATING FUNDS**
|National Lottery
ForMK
MK Community Foundation
Grants - [Somali community fund]
Grants - [Benevity]
Other Income|**2023**
**2022**
£
£
44250
21000
4500
0
10000
0
3000
0
1191
0
351
0|
|---|---|
||63292
21000|
Page 6
## **FRESH YOUTH MILTON KEYNES**
|**Notes to the Financial Statements**
**for the Year ended 31 July 2023**
**3. INVESTMENT INCOME**
Deposit account interest
**4. RAISING FUNDS**
Raising donations and legacies
Management charges
Support costs
**5. TRUSTEE'S REMUNERATION AND BENEFITS**
There were no trustee's expenses paid for the year ended 31 July 2023.
**6. STAFF COSTS**
Administration
The average monthly number of employees during the year was as follows:
**7. TANGIBLE FIXED ASSETS**
**Cost**
At 1 August 2022
Additions
At 31 July 2023
**Depreciation**
At 1 August 2022
Charge for year
At 31 July 2023
**NET BOOK VALUE**
At 31 July 2023
At 31 July 2022
**8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors|**2023**
**2022**
£
£
-
-
**2023**
**2022**
£
£
24883
2000
23287
0
**2023**
**2022**
£
£
-
-
**2023**
**2022**
£
£
11932
0
2
0
**Equipment**
**Fixtures &**
**Totals**
**Fittings**
£
£
£
- -
-
2257
2257|**2023**
**2022**
£
£
-
-|
|---|---|---|
|||**2023**
**2022**
£
£
24883
2000
23287
0|
|||**2023**
**2022**
£
£
-
-|
|||**2023**
**2022**
£
£
11932
0|
||2257
2257||
||0 -
0
451 -
451||
||451 -
451||
||1806 -
1806||
||- -
-||
||**2023**
**2022**
£
£
4899
-||
Page 7
## **FRESH YOUTH MILTON KEYNES**
## **Notes to the Financial Statements**
**for the Year ended 31 July 2023**
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||
|---|---|
|Taxation and Social security
Accruals and deferred income|**2023**
**2022**
£
£
104
0
200
0|
||304
0|
## **10. MOVEMENT IN FUNDS**
|**10. MOVEMENT IN FUNDS**|||
|---|---|---|
|**Unrestricted funds**
General fund
**Restricted fund**
Restricted fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Grants
**TOTAL FUNDS**|**Net**
**Transfers**
**movement**
**between**
**At 01.08.22**
**in funds**
**funds At 31.07.23**
**£**
**£**
**£**
**£**
19000
15122
-
34122
-
-
-
-||
||**19000**
**15122**
**-**
**34122**||
|||**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
£
£
£
63292
(48170)
15122
-
-
-|
|||**63292**
**(48170)**
**15122**|
## **11. RELATED PARTY DISCLOSURES**
There are no related party transactions for the year ended 31 July 2023
Page 8
## **FRESH YOUTH MILTON KEYNES**
**Detailed Statement of Financial Activities for the Year ended 31 July 2023**
|**INCOME AND ENDOWMENTS**
National Lottery
ForMK
MK Community Foundation
Grants - [Somali community fund]
Grants - [Benevity]
Other Income|**2023**
**2022**
£
£
44250
21000
4500
0
10000
0
3000
0
1191
0
351
0|
|---|---|
||63292
21000|
|**EXPENDITURE**
**Raising donations and legacies**
Management charges
**Charitable activities**
Charitable giving
Hall hire
IT & consumables
Printing, postage & stationery
Books & other resources
Staff Training
Advert
Travel
Insurance
Repairs
**Support costs**
**Management**
Bank charges
Depreciation
**Human Resources**
Wages
Social security
**Others**
Entertainment
**Governance costs**
Legal & professional fees
**Total Resources expended**
**Net (expenditure)/income**|24883
2000|
|---|---|
||24883
2000
1400
0
244
0
2340
0
457
0
395
0
2926
0
397
0
832
0
254
0
269
0|
||9514
0
0
0
451
0|
||451
0
11828
0
104
0|
||11932
0
1190
0|
||1190
0
200
0|
||200
0|
||48170
2000|
|||
||**15122**
**19000**|
Page 9
## **FRESH YOUTH MILTON KEYNES**
## **Independent Examiner's Report to the Trustees**
I report on the accounts for the year from 29 July 2022 to 31 July 2023 set out four to nine.
## **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(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedure laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act) ; and
- to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with the 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 disclosure in the accounts, and seeking explanations from you as 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 presents a 'true and fair view' and the report is limited to those matters set out in the statements 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 Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 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.
O Obidipe Independent Examiner
7 June 2024
Page 3