## **REGISTERED CHARITY NUMBER: 1195348**
**Report of the Trustees and Unaudited Financial Statements for the Year ended 31 July 2025 for FRESH YOUTH MILTON KEYNES**
## **FRESH YOUTH MILTON KEYNES**
## **Contents of the Financial Statements for the Year ended 31 July 2025**
||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 2025**
The trustees presents their report with the financial statements of the charity for the year 1 August 2024 to 31 July 2025. 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 Kerion Komolafe
## **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 2025**
## **Overview**
The organisation reached 257 young people through its core programmes, bringing the last three-year total to 853 beneficiaries. Despite rising operational costs, FYMK delivered its full programme within budget and continued to exceed targets in its strongest areas. The year reinforced FYMK's position as a trusted earlyintervention provider for minority and disadvantaged young people across Milton Keynes.
## **Mentoring**
Mentoring remain the heart of FYMK's work. 201 young people received personalised support through fortnightly small group sessions in schools and one-to-one community sessions. Volunteer mentors from local businesses and higher education delivered 1,809 hours in schools and a further 135 hours in the community. Mentees consistently reported improvements in confidence, focus and sense of direction.
## **Workshops and Empowerment Sessions:**
Seven empowerment sessions were delivered for young people aged 12-18, reaching 140 attendees. Topics covered stress management, time management, study techniques, leadership, identity, resilience, communication, and conflict resolution. Three sessions were co-facilitated by professionals from local businesses and education. Participants received practical tools including habit trackers and planners. Feedback highlighted improvements in confidence, career clarity, and a stronger sense of purpose.
## **E3 Exchange and Youth Hangouts**
The E3 Exchange, FYMK's flagship Education, Emploability and Entrepreneurship networking evening continued to provide youg people with honest, practical exposure to the world of work through mock interviews, business pitching, and direct engagement with professionals. Attendees praised its candid, welcoming atmosphere and left with clear action points and renewed motivation.
## **Work Experience and Employability**
33 young adults prticipated in employability workshops. All developed CVs and completed interview preparation. Six gained work experience placements with partners, and six progressed into employment, internship or further training. FYMK also supported a young person through university admissions; they are now studying Real Estate Management, an outcome described as "almost impossible before."
## **Community and Business Engagement**
FYMK maintained active multi-agency partnerships with Milton Keynes City Council's Ethnic Minority Achievement Network, the Youth Offending Team, Thames Valley Police, MK Family Service, Social Services, schools, faith groups, and local charities.
## **Outcomes and Looking Ahead**
Across the three years, 80% of young people reported increased confidence, 70% progressed into education employment or training, and 100% planned to complete secondary education. The cumulative programme total of 10,020 contacts exceeded the three-year target of 8,815. Looking ahead, FYMK will deepen its model through accessible NEET re-engagement pathways, Digital youth hubs, and early intervention on crime prevention, by building a joined-up ecosystem of care for the young people of Milton Keynes.
Approved by order of the board of trustees on 25 May 2026 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 2025**
|**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**|**2025**
**2024**
**Unrestricted**
**Restricted**
**Total**
**Total**
**fund**
**fund**
**funds**
**funds**
**£**
**£**
**£**
**£**
21140
26100
47240
49473
-
-
-
-|
|---|---|
||**21140**
**26100**
**47240**
**49473**
9900
26100
36000
28140
16663
0
16663
35163|
||**26563**
**26100**
**52663**
**63303**|
||(5423)
0
(5423)
(13830)
20292
0
20292
34122|
||**14869**
**0**
**14869**
**20292**|
## **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 July 2025**
|**Balance Sheet**
**At 31 July 2025**|||
|---|---|---|
|**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**|**Unrestricted**
**Restricted**
**fund**
**fund**
**£**
**£**
1460
-
5861
-
2686
-
5462|**2025**
**2024**
**Total**
**Total**
**funds**
**funds**
**£**
**£**
1460
1740
5861
5861
2686
7629
5462
5462|
||15469
-
(600)
-|15469
20692
(600)
(400)|
||**14869**
**-**|**14869**
**20292**|
||**14869**
**-**|**14869**
**20292**|
||**14869**
**-**|**14869**
**20292**|
|||14869
20292
-
-|
|||**14869**
**20292**|
The financial statements were approved by the board of Trustees on 25 May 2026 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 2025**
## **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|**2025**
**2024**
£
£
23100
41850
0
0
3000
0
0
0
2640
4623
18500
3000|
|---|---|
||47240
49473|
Page 6
|**FRESH YOUTH MILTON KEYNES**
**Notes to the Financial Statements**
**for the Year ended 31 July 2025**
**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 2025.
**6. STAFF COSTS**
Administration
The average monthly number of employees during the year was as follows:
**7. TANGIBLE FIXED ASSETS**
**Cost**
At 1 August 2024
Additions
At 31 July 2025
**Depreciation**
At 1 August 2024
Charge for year
At 31 July 2025
**NET BOOK VALUE**
At 31 July 2025
At 31 July 2024
**8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors|**Equipment**
£
2738
334|**2025**
**2024**
£
£
-
-|
|---|---|---|
|||**2025**
**2024**
£
£
36000
28140
16663
35163|
|||**2025**
**2024**
£
£
-
-|
|||**2025**
**2024**
£
£
8466
17352|
|||2
2
**Fixtures &**
**Totals**
**Fittings**
£
£
-
2738
334|
||3072|3072|
||998
614|-
998
-
614|
||1612|-
1612|
||1460|-
1460|
||1740|-
1740|
|||**2025**
**2024**
£
£
5861
5861|
Page 7
## **FRESH YOUTH MILTON KEYNES**
## **Notes to the Financial Statements for the Year ended 31 July 2025**
## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Taxation and Social security
Accruals and deferred income
**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**|**At 01.08.24**
**£**
20292
-|**Net**
**movement**
**in funds**
**£**
(5423)
-|**2025**
**2024**
£
£
0
0
600
400|
|---|---|---|---|
||||600
400|
||||**Transfers**
**between**
**funds At 31.07.25**
**£**
**£**
-
14869
-
-|
||**20292**|**(5423)**|**-**
**14869**|
|||**Incoming**
**resources**
£
21140
26100|**Resources**
**Movement**
**expended**
**in funds**
£
£
(26563)
(5423)
(26100)
-|
|||**47240**|**(52663)**
**(5423)**|
## **11. RELATED PARTY DISCLOSURES**
There are no related party transactions for the year ended 31 July 2025
Page 8
## **FRESH YOUTH MILTON KEYNES Detailed Statement of Financial Activities for the Year ended 31 July 2025**
|**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**|**2025**
**2024**
£
£
23100
41850
0
0
3000
0
0
0
2640
4623
18500
3000|
|---|---|
||47240
49473|
||36000
28140|
||36000
28140
3052
4100
326
683
1516
5186
482
1497
180
322
800
2500
0
522
81
199
479
740
28
(58)
0
119|
||6944
15810
0
0
614
547|
||614
547
8466
17352
0
0|
||8466
17352
221
754|
||221
754
418
700|
||418
700|
||52663
63303|
|||
||**(5423)**
**(13830)**|
Page 9
## **FRESH YOUTH MILTON KEYNES**
## **Independent Examiner's Report to the Trustees**
I report on the accounts for the year from 1 August 2024 to 31 July 2025 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 26 May 2026
Page 3