## **REGISTERED CHARITY NUMBER: 1195348**
**Report of the Trustees and Unaudited Financial Statements for the Year ended 31 July 2024 for FRESH YOUTH MILTON KEYNES**
## **FRESH YOUTH MILTON KEYNES**
**Contents of the Financial Statements for the Year ended 31 July 2024**
||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 2024**
The trustees presents their report with the financial statements of the charity for the year 1 August 2023 to 31 July 2024. 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 Akinola Omotesho Appointed 01/02/2024 Kerion Komolafe Appointed 01/02/2024
## **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 2024**
The last year has been challenging with the UK social and economic climate of which Milton Keynes is not exempt There is a huge fall in volunteering and charity support due to the high cost of living and the drive for employees to go back to office-based working, away from the post-pandemic flexible home-based working. The number of volunteers reduced by 40%, and the availabilty to volunteer was not very aligned to the youth-friendly hours.
We made changes to our service in the last year to ensure we deliver value to the beneficiaries of our service. The school mentoring programme was revised to group workshops with an opportunity for those who want one-to-one mentoring to have that in between fortnightly workshops. We continue to serve the mentees who are not in school, through skills training support, while community mentoring remains one-to-one for social intervention and behavioural change and empowerment.
FYMK's sessions in the last year equated to 1,575 mentoring hours over the nine months in schools and 115 mentoring hours in the community.
## **Workshops and Group Sessions:**
The workshops have been very powerful with the incorpration of entertainment and gaming competition. This allows some of the quiet, reserved mentees and young people to engage. This has really improved the social interaction and confidence building of the young people.
We delivered six sessions for young people aged 12-16. The workshop covered the following themes of the youth development framework:
- Leadership and Participation - Project planing,
- Economic and financial wellbeing - Further education, work placement
- Creativity and Fun -Activities that challenge and critical thinking
- Skills Development -Web site updates, audio editing
- Identity and Belonging - Self-awareness and equality and diversity
120 young people count, with 44 unique attendees. The sessions were designed and delivered by young professionals, local businesses, education and youth workers
## **Community Partnerships**
The mentoring programme for young people at risk in continues to engage local agencies involved with youth welfare. As we continue serving the young people, we seek oportunities to support their parents as well. A stable family will always create a good environment for a young person to develop.
We engage other professionals by signposting to experts, which ensures we provide the service possible for young people to cultivate good habits and the right decision-making, embed the behaviours and continue to improve.
## **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 of FYMK to see young peoples' lives transformed for the better.
Approved by order of the board of trustees on 24 April 2025 and signed on its behalf by
A Pinheiro - Trustee
Page 2
## **FRESH YOUTH MILTON KEYNES**
## **Statements of Financial Activities for the Year ended 31 July 2024**
|**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**|**2024**
**2023**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**fund**
**funds**
**funds**
**£**
**£**
**£**
**£**
7623
41850
49473
63292
-
-
-
-|
|---|---|
||**7623**
**41850**
**49473**
**63292**
0
28140
28140
24883
21453
13710
35163
23287|
||**21453**
**41850**
**63303**
**48170**|
||(13830)
0
(13830)
15122
34122
0
34122
19000|
||**20292**
**0**
**20292**
**34122**|
## **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 2024**
|**Balance Sheet**
**At 31 August 2024**|||
|---|---|---|
|**Notes**
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Debtors
8
Cash at bank
Prepayments
**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**|**2024**
**2023**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**fund**
**funds**
**funds**
**£**
**£**
**£**
**£**
1740
-
1740
1806
5861
-
5861
4899
7629
-
7629
27721
5462
5462||
||20692
-
(400)
-|20692
34426
(400)
(304)|
||**20292**
**-**|**20292**
**34122**|
||**20292**
**-**|**20292**
**34122**|
||**20292**
**-**|**20292**
**34122**|
|||20292
34122
-
-|
|||**20292**
**34122**|
The financial statements were approved by the board of Trustees on 24 April 2025 and were signed on its behalf by
A Pinhneiro - Trustee
Page 5
**FRESH YOUTH MILTON KEYNES**
## **Notes to the Financial Statements for the Year ended 31 July 2024**
## **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|**2024**
**2023**
£
£
41850
44250
0
4500
0
10000
0
3000
4623
1191
3000
351|
|---|---|
||49473
63292|
Page 6
## **FRESH YOUTH MILTON KEYNES**
**Notes to the Financial Statements for the Year ended 31 July 2024**
## **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 2024.
**6. STAFF COSTS**
Administration
The average monthly number of employees during the year was as follows:
**7. TANGIBLE FIXED ASSETS**
**Cost**
At 1 August 2023
Additions
At 31 July 2024
**Depreciation**
At 1 August 2023
Charge for year
At 31 July 2024
**NET BOOK VALUE**
At 31 July 2024
At 31 July 2023
**8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors|**2024**
**2023**
£
£
-
-
**2024**
**2023**
£
£
28140
24883
35163
23287
**2024**
**2023**
£
£
-
-
**2024**
**2023**
£
£
17352
11932
2
2
**Equipment**
**Fixtures &**
**Totals**
**Fittings**
£
£
£
2257 -
2257
481
481|**2024**
**2023**
£
£
-
-|
|---|---|---|
|||**2024**
**2023**
£
£
28140
24883
35163
23287|
|||**2024**
**2023**
£
£
-
-|
|||**2024**
**2023**
£
£
17352
11932|
||2738
2738||
||451 -
451
547 -
547||
||998 -
998||
||1740 -
1740||
||1806 -
1806||
||**2024**
**2023**
£
£
5861
4899||
Page 7
## **FRESH YOUTH MILTON KEYNES**
## **Notes to the Financial Statements**
## **for the Year ended 31 July 2024**
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||
|---|---|
|Taxation and Social security
Accruals and deferred income|**2024**
**2023**
£
£
0
104
400
200|
||400
304|
## **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 01.08.23**
**in funds**
**funds At 31.07.24**
**£**
**£**
**£**
**£**
34122
(13830)
-
20292
-
-
-
-||
||**34122**
**(13830)**
**-**
**20292**||
|||**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
£
£
£
7623
(21453)
(13830)
41850
(41850)
-|
|||**49473**
**(63303)**
**(13830)**|
## **11. RELATED PARTY DISCLOSURES**
There are no related party transactions for the year ended 31 July 2024
Page 8
**FRESH YOUTH MILTON KEYNES Detailed Statement of Financial Activities for the Year ended 31 July 2024**
|**INCOME AND ENDOWMENTS**
National Lottery
ForMK
MK Community Foundation
Grants - [Somali community fund]
Grants - [Benevity]
Other Income
**EXPENDITURE**
**Raising donations and legacies**
Management charges
**Charitable activities**
Charitable giving
Hall hire
IT & consumables
Printing, postage & stationery
Books & other resources
Staff Training
Advert
Telephone
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**|**2024**
**2023**
£
£
41850
44250
0
4500
0
10000
0
3000
4623
1191
3000
351|
|---|---|
||49473
63292|
||28140
24883|
||28140
24883
4100
1400
683
244
5186
2340
1497
457
322
395
2500
2926
522
397
199
0
740
832
(58)
254
119
269|
||15810
9514
0
0
547
451|
||547
451
17352
11828
0
104|
||17352
11932
754
1190|
||754
1190
700
200|
||700
200|
||63303
48170|
|||
||**(13830)**
**15122**|
Page 9
## **FRESH YOUTH MILTON KEYNES**
## **Independent Examiner's Report to the Trustees**
I report on the accounts for the year from 1 August 2023 to 31 July 2024 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 25 April 2025
Page 3