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##
||||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||||||
##
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##
|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;|||
|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;|||
|Have the information
required to make organisational
decisions quickly and precisely;
Beenablers and facilitators ofpositive outcomes through
our collaborative
mind-set
and by working|||
|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|||
|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.|||
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||||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|||||
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||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|
##
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##
|||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|
##
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##
##
||||||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|
##
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##
|||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|
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|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|
##