| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Charity, its Trustees and advisers | ||
| Trustees' report | 2-7 | ||
| Trustees' responsibilities statement |
|||
| Independent auditors' |
report | on the financial statements | 9-11 |
| Statement offinancial | activities | 12 | |
| Balance sheet | 13 | ||
| Statement ofcash flows | 14 | ||
| Notes tothe financial | statements | 15-34 |
| Trustees | Val Davison, Chair | ||||||
|---|---|---|---|---|---|---|---|
| Mash Seriki, Vice Chair | |||||||
| Adam Barrett, Treasurer | |||||||
| Catriona Coleman | |||||||
| GGlen Petty | |||||||
| Kylie Thompson (appointed |
22August | 2023) | |||||
| Terry James (resigned 16July 2023) | |||||||
| Mervyn Kaye (resigned |
12April 2023) | ||||||
| Susan Shakespeare | (resigned 31 March 2023) | ||||||
| Charity registered | |||||||
| number | 1195386 | ||||||
| Principal office | Bellingham Gateway |
Youth and Community | Centre | ||||
| 185Brookhowse Road | |||||||
| London | |||||||
| SE63TT | |||||||
| Chief executive olicer | Gulen Petty | ||||||
| Independent | auditors | RPG Crouch Chapman | LLP | ||||
| Chartered Accountants | and | Registered | Auditors | ||||
| 14-16Dowgate Hill |
|||||||
| London | |||||||
| EC4R2SU | |||||||
| Bankers | Lloyds Bank | ||||||
| 120Lewisham High |
St | ||||||
| Lewisham | |||||||
| London | |||||||
| SE136JG | |||||||
| Solicitors | Trowers 8 Hemline | LLP | |||||
| The Senate | |||||||
| Southemhay Gardens |
|||||||
| Exeter | |||||||
| EX1 1UG |
| we aim to: | we aim to: | we aim to: |
|---|---|---|
| Deliver a wide range ofhigh-quality youth work inteiventions that make a lasting positive impact on the young people we engage with. Including an over-delivery on the "core" contracts; |
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| Bean organisation where the absolute best youth workers want to work; |
||
| Have sufficient, predictable, and reliable flow offunds into Youth First to fulfil our Purpose; |
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| Have the information required to make organisational decisions quickly and precisely; Beenablers and facilitators ofpositive outcomes through our collaborative mind-set and by working |
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| in partnership with other organisations and agencies; Become the "go to" organisation for insight and paitnerships for others who are |
trying to impact on | |
| the young people we work with; | ||
| Ensure our people: | ||
| o Have an in-depth "on the ground" understanding ofthe needs and |
aspirations | ofyoung |
| people; | ||
| o Have a strong commitment to Youth First and are willing to"gothe extra mile" to |
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| deliver positive/ better outcomes for young peopie; |
||
| o Understand how their contribution fits with the overall Purpose and |
Ambition | ofYouth |
| First, | ||
| o Have a culture that is self-starting, professional, and collaborative |
with devolved | |
| responsibilities. |
| Restricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| Note | 2023 | 2023f | 2023f | 2022 | ||
| Income from: | ||||||
| Donations and legacies |
3?8,753 | 46,378 | 425,131 | 1,421,096 | ||
| Charitable activities |
100,504 | 1,250,000 | 1,350,504 | 719,920 | ||
| Investments | 3,632 | 3,632 | 49 | |||
| Other income | 147,994 | 147,994 | 16,415 | |||
| Total income | 479,257 | 1,448,004 | 1,927,261 | 2,15?,480 | ||
| Expenditure on: |
||||||
| Charitable activities |
461,355 | 1,317,332 | 1,778,687 | 614,212 | ||
| Total expenditure | 461,355 | 1,317,332 | 1,778,687 | 614,212 | ||
| Net income | 17,902 | 130,672 | 148,574 | 1,543,268 | ||
| Transfers between funds | (14,168) | 14,168 | ||||
| Net movement in funds |
3,734 | 144,840 | 148,574 | 1,543,268 | ||
| Reconciliation offunds: | ||||||
| Total funds brought | forward | 531,165 | 1,012,103 | 1,543,268 | ||
| Net movement in funds |
3,734 | 144,840 | 148,574 | 1,543,268 | ||
| Total funds carried forward | 534,899 | 1,156,943 | 1,691,842 | 1,543,268 |
| BALANCE SHEET AS AT31 MARCH |
2023 | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Note | E | |||||
| Fixed assets | ||||||
| Tangible assets | 13 | 4,669 | 7,448 | |||
| 4,669 | 7,448 | |||||
| Current assets | ||||||
| Debtors | 14 | 651,441 | 823,976 | |||
| Cash at bank and in hand | 1,328,198 | 944,638 | ||||
| 1,979,639 | 1,768,614 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 15 | (292,466) | (232,794) | |||
| Net current assets | 1,687,173 | 1,535,820 | ||||
| Total net assets | 1,691,842 | 1,543,268 | ||||
| Charity funds | ||||||
| Restricted funds | 16 | 534,899 | 531,165 | |||
| Unrestricted funds |
16 | 1,156,943 | 1,012,103 | |||
| Total funds | 1,691,842 | 1,543,268 |
| FORTHE YEAR ENDED 3 | 1 MARCH 2023 | |||
|---|---|---|---|---|
| 2023 E |
2022f | |||
| Cash flows from operating | activities | |||
| Net cash used in operating | activities | 387,263 | 953,066 | |
| Cash flows from investing | activities | |||
| Dividends, interests and rents from investments |
(3,632) | (49) | ||
| Purchase oftangible fixed assets | (71) | (8,379) | ||
| Net cash used in investing | activities | (3,703) | (8,428) | |
| Cash flows from financing | activities | |||
| Net cash provided by financing activities |
||||
| Change in cash and cash |
equivalents in |
the year | 383,560 | 944,538 |
| Cash and cash equivalents | at the beginning | ofthe year | 944,638 | |
| Cash and cash equivalents | atthe end of | the year | 1,328,198 | 944,638 |
| The notes on pages 15to 34form part ofthese financial statements |
| Restricted | Unrestricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2023 f. |
2023 f |
2023 E |
|
| Donations | 678 | 678 | |
| Legacies | 60,000 | 40,000 | 100,000 |
| Grants | 318,753 | 5,700 | 324,453 |
| 378,753 | 46,378 | 425,131 | |
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2022f | 2022f | 2022 | |
| Donations | 959,293 | 959,293 | |
| Legacies | |||
| Grants | 461,803 | 461,803 | |
| 461,803 | 959,293 | 1,421,096 |
| Restricted | Unrestricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2023 | ||
| K | ||||
| Greater London Authority | ||||
| HAF | 131,900 | 131,900 | ||
| Jack Petchey | 10,200 | 10,200 | ||
| London Community | Foundation | |||
| London Youth | ||||
| MOPAC | 54,758 | 54,758 | ||
| NCIL | 77,916 | 77,916 | ||
| Other Grants | 43,979 | 5,700 | 49,679 | |
| Phoenix Community | Housing | |||
| Riverside Projects | ||||
| 318,753 | 5,700 | 324,453 | ||
| Restricted | Total | |||
| funds | funds | |||
| 2022 | 2022 | |||
| Greater London Authority | 64,305 | 64,305 | ||
| HAF | 69,361 | 69,361 | ||
| Jack Petchey | 28,487 | 28,487 | ||
| London Community | Foundation | 25,000 | 25,000 | |
| London Youth | 13,239 | 13,239 | ||
| MOPAC | ||||
| NCIL | ||||
| Other Grants | 13,900 | 13,900 | ||
| Phoenix Community | Housing | 18,116 | 18,116 | |
| Riverside Projects | 229,395 | 229,395 | ||
| 461,803 | 461,803 |
| Restricted | Unrestricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2023 | 2023 F |
2023f | ||||
| Income from Lewisham |
charitable | activities - London Borough of | 100,504 | 1,250,000 | 1,350,504 | |
| Restricted | Unrestricted | Total | ||||
| funds | funds | funds | ||||
| 2022 | 2022 | 2022 | ||||
| Income from Lewisham |
charitable | activities - London Borough of | 94,920 | 625,000 | 719,920 | |
| 6. | Investment | income |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2023 f. |
2023f | |
| Interest | 3,632 | 3,632 |
| Unrestncted | Total | |
| funds | funds | |
| 2022f | 2022 | |
| Interest | 49 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2023 | |||
| F | ||||
| Long-term | rental | 40,400 | 40,400 | |
| Short-term | rental | 9,107 | 9,107 | |
| Telecommunication | mast | 93,000 | 93,000 | |
| Other | 5,487 | 5,487 | ||
| 147,994 | 147,994 | |||
| Unrestricted | Total | |||
| funds | funds | |||
| 2022 | 2022 | |||
| Longderm | rentals | 16,106 | 16,106 | |
| Short-term | rentals | 309 | 309 | |
| Telecommunication | mast | |||
| Other | ||||
| 16,415 | 16,415 |
| Charitable | Total | ||
|---|---|---|---|
| Activities | funds | ||
| 2023f | 2023 E |
||
| Staff costs | 1,077,979 | 1,077,979 | |
| Programme | Costs | 174,370 | 174,370 |
| Agency Staff | 81,175 | 81,175 | |
| Marketing | 54,961 | 54,961 | |
| Human Resources |
12,560 | 12,560 | |
| Participation | &Engagement | ||
| Rent &Rates | 15,794 | 15,794 | |
| Memberships | &Subscriptions | 4,018 | 4,018 |
| Non-Payroll | Related Staff Costs | 136,491 | 136,491 |
| 1,557,348 | 1,557,348 | ||
| Charitable | Total | ||
| Activities | funds | ||
| 2022 | 2022 | ||
| Staffcosts | 426,269 | 426,269 | |
| Programme | Costs | 26,735 | 26,735 |
| Agency Staff | 10,755 | 10,755 | |
| Marketing | 20,280 | 20,280 | |
| Human Resources | 10,720 | 10,720 | |
| Participation | &Engagement | 99 | 99 |
| Rent &Rates | 2,027 | 2,027 | |
| Memberships | 8 Subscriptions | 2,863 | 2,863 |
| Non-Payroll | Related Staff Costs | 14,633 | 14,633 |
| 514,381 | 514,381 |
| Charitable | Total | |
|---|---|---|
| Activities | funds | |
| 2023 | 2023 | |
| F. | ||
| Depreciation | 2,850 | 2,850 |
| Gas &Electricity | 38,500 | 38,500 |
| Repairs &Maintenance | 1,670 | 1,670 |
| Audit | 4,670 | 4,670 |
| Sundries | 25,782 | 25,782 |
| Bank Charges | 14,232 | 14,232 |
| Legal &Professional | 21,748 | 21,748 |
| ICT | 10,168 | 10,168 |
| Office Expenditure | 35,075 | 35,075 |
| Other Property Costs | 61,049 | 61,049 |
| Governance Costs |
5,595 | 5,595 |
| 221,339 | 221,339 | |
| Charitable | Total | |
| Activities | funds | |
| 2022f | 2022 | |
| Depreciation | 931 | 931 |
| Gas 8 Electricity | 17,541 | 17,541 |
| Repairs 8 Maintenance | 175 | 175 |
| Audit | 5,000 | 5,000 |
| Sundries | 21,217 | 21,217 |
| Bank Charges | 7,327 | 7,327 |
| Legal &Professional | 16,950 | 16,950 |
| ICT | 3,877 | 3,877 |
| Office Expenditure | 1,101 | 1,101 |
| Other Property Costs | 25,712 | 25,712 |
| Governance Costs |
||
| 99,831 | 99,831 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| E | ||||||
| Fees payable to the Charity's | auditor | for the audit ofthe Charity's | annual | |||
| accounts | 7,000 | 4,000 | ||||
| Fees payable tothe Charity's | auditor | in respect of: | ||||
| All non-audit services |
not included above | 2,800 | ||||
| Staffcosts | ||||||
| 2023 | 2022 | |||||
| f: | ||||||
| Wages and salaries | 874,545 | 361,152 | ||||
| Social security costs | 83,681 | 25,681 | ||||
| Contribution to defined |
contribution | pension schemes | 119,753 | 39,436 | ||
| 1,077,979 | 426,269 |
| The a | verage | number of | pers | ons em |
ployed by t |
he Charity | during the | year was | as follows: | as follows: | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||||
| No. | No. | ||||||||||
| Staff | 42 | 33 | |||||||||
| The average | headcount | expressed | as full-time | equivalents | was: | ||||||
| 2023 | 2022 | ||||||||||
| No. | No. | ||||||||||
| Staff | 27 | 22 | |||||||||
| The number f60,000was: |
of employees | whose | employee | benefits | (excluding | einployer | pension | costs) | exceeded | ||
| 2023 | 2022 | ||||||||||
| No. | No. | ||||||||||
| In the | band f60,001 -f70,000 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| F | F | ||||
| Mervyn | Kaye | Remuneration | 68,351 | 21,552 | |
| Pension contributions | paid | 15,652 | 4,935 | ||
| Gulen | Petty | Remuneration | 59,299 | 18,762 | |
| Pension contributions | paid | 2,642 | 881 |
| Computer | |
|---|---|
| equipment | |
| F | |
| Cost or valuation | |
| At 1 April 2022 | 8,379 |
| Additions | 71 |
| At 31 March 2023 | 8,450 |
| Depreciation | |
| At 1 April 2022 | 931 |
| Charge for the year | 2,850 |
| At 31 March 2023 | 3,781 |
| Net book value | |
| At 31 March 2023 | 4,669 |
| At 31March 2022 | 7,448 |
| Page 27 |
| 2023 | 2022 | ||
|---|---|---|---|
| K | |||
| Due within one year | |||
| Trade debtors | 571,115 | 818,852 | |
| Prepayments | and accrued income | 80,326 | 5,124 |
| 651,441 | 823,976 |
| 2023 | 2022 | ||
|---|---|---|---|
| Trade creditors | 26,490 | 65,264 | |
| Other taxation and social security | 171,032 | 144,136 | |
| Other creditors | 2,911 | 2,390 | |
| Accruals and deferred | income | 90,033 | 21,004 |
| 292,466 | 232 794 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | 31 INarch | |||||
| April 2022 f |
Income f |
Expenditure f |
in/out f |
2023 f |
|||
| Unrestricted funds |
|||||||
| Designated funds |
|||||||
| Contingency Reserve |
733,882 | 733,882 | |||||
| General funds | |||||||
| General Funds. | 1,012,103 | 1,448,004 | (1,317,332) | (719,714) | 423,061 | ||
| Total Unrestricted | funds | 1,012,103 | 1,448,004 | (1,317,332) | 14,168 | 1,156,943 | |
| Restricted funds | |||||||
| Children in Need |
|||||||
| HAF Projects | 62,771 | 131,900 | (133,477) | (15,186) | 46,008 | ||
| NCIL-Girls R Us | 14,589 | {3,814) | 10,775 | ||||
| MOPAC | 54,759 | (14,742) | 40,017 | ||||
| Jack Petchey | 27,220 | 10,200 | (4,101) | 33,319 | |||
| LBof Lewisham -APGs | 94,920 | 100,504 | {195,424) | ||||
| LBof Lewisham | 12,610 | 12,610 | |||||
| London Community | Foundation | 25,000 | 25,000 | ||||
| London Youth | 13,239 | 13,239 | |||||
| Phoenix Community | Housing | 14,868 | (9,698) | 5,1?0 | |||
| Phoenix Housing Youth | 1,595 | 1,595 | |||||
| Riverside Redevelopment | 211,625 | 60,000 | 271,625 | ||||
| Riverside Young Seniors | 17,?70 | 17,770 | |||||
| Street Games | 840 | 840 | |||||
| YLF - Carnival Routes | 39,778 | 29,390 | (70,186) | 1,018 | |||
| YLF - Staying Safe Lewisham |
in | 8,929 | 8,929 | ||||
| NCIL - Street Based | Projects | 42,390 | (7,793) | 34,597 | |||
| NCIL - Ward LLC | 15,000 | (15,000) | |||||
| NCIL - New Cross | 10,595 | 10,595 | |||||
| NCIL - Walking Bus | 9,930 | (7,120) | 2,810 | ||||
| 531,165 | 479,257 | (461,355) | (14,168) | 534,899 | |||
| Total offunds | 1,543,268 | 1,927,261 | (1,778,687) | 1,691,842 | |||
| Page 29 |
| Statement offunds | - prior year | |||
|---|---|---|---|---|
| Balance al | ||||
| 31March | ||||
| Income E |
Expenditure f |
2022 | ||
| Unrestricted funds |
||||
| General Funds | 1,600,756 | (588,653) | 1,012,103 | |
| Restricted funds | ||||
| Children in Need |
450 | (450) | ||
| HAF Projects | 69,361 | (6,590) | 62,771 | |
| NCIL - Girls R Us | ||||
| MOPAC | ||||
| Jack Petchey | 28,487 | (1,267) | 27,220 | |
| LBofLewisham -APGs |
94,920 | 94,920 | ||
| LBof Lewisham | 12,610 | 12,610 | ||
| London Community | Foundation | 25,000 | 25,000 | |
| London Youth | 13,239 | 13,239 | ||
| Phoenix Community | Housing | 16,432 | (1,564) | 14,868 |
| Phoenix Housing Youth |
1,684 | (89) | 1,595 | |
| Riverside Redevelopment | 211,625 | 211,625 | ||
| Riverside Young Seniors | 17,770 | 17,770 | ||
| Street Games | 840 | 840 | ||
| YLF - Carnival Routes | 47,855 | (8,077) | 39,778 | |
| YLF - Staying Safe in Lewisham | 16,450 | (7,521) | 8,929 | |
| NCIL - Street Based | Projects | |||
| NCIL - Ward LLC | ||||
| NCIL - New Cross | ||||
| NCIL - Walking Bus | ||||
| 556,723 | (25,558) | 531,165 | ||
| Total offunds | 2,157,479 | (614,211) | 1,543,268 |
| S TO THE FINANCIAL STATEMENTS HE YEAR ENDED 31MARCH 2023 Analysis ofnet assets between funds Analysis ofnet assets between funds - current year |
|||
|---|---|---|---|
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2023 f |
2023 E |
2023f | |
| Tangible fixed assets | 4,669 | 4,669 | |
| Current assets | 534,899 | 1,444,740 | 1,979,639 |
| Creditors due within one year | {292,466) | {292,466) | |
| Total | 534,899 | 1,156,943 | 1,691,842 |
| Analysis ofnet assets between funds - prior year | |||
| Restricted | Unrestricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022f | |
| Tangible fixed assets | 7,448 | 7,448 | |
| Current assets | 531,165 | 1,237,449 | /, 768,614 |
| Creditors due within one year | (232,794) | (232,794) | |
| Total | 531,165 | 1,012,103 | 1,543,268 |
| Reconciliati | on ofn |
et movement | in funds to net cash flow from opera | ting activities |
|
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| F | |||||
| Net income | for the year {asper Statement ofFinancial Activities) | 148,574 | 1,543,268 | ||
| Adjustments | for: | ||||
| Depreciation | charges | 2,&50 | 931 | ||
| Dividends, interests |
and rents from | investments | 3,632 | 49 | |
| Decrease/(increase) | in debtors | 172,535 | (823,976) | ||
| Increase in |
creditors | 59,672 | 232,794 | ||
| Net cash provided | by operating | activities | 387,263 | 953,066 |