2024-03-31-accounts

YOUNG MEDWAY

ANNUAL REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31ST OF MARCH 2024

Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

YOUNG MEDWAY

CONTENTS

Page 3 Legal and Administrative Information Page 4 to 5 Trustees' Report Pages 6 Independent Examiner's Report on the accounts Page 7 Statement of Receipts and Payments Page 8 Statement of Assets and Liabilities Pages 9 to 10 Notes to the Accounts

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YOUNG MEDWAY

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER 1196375 START OF FINANCIAL YEAR 1st April 2023 END OF FINANCIAL YEAR 31st March 2024 TRUSTEES SERVING DURING AND B W Cooper AFTER THE YEAR ENDING 31ST P V Martin MARCH 2024 A Price E Turpin - Resigned on 29.02.24 J Williams - Resigned on 09.07.24 E Horner- Resigned on 17.04.24 K Self M W E Jones K-L Bottiglieri - Appointed on 03.03.24 K Scott - Appointed on 03.04.24 C Gilhooly - Appointed on 03.04.24 J Iles - Resigned on 04.05.23 GOVERNING DOCUMENT CIO Foundation - registered on 02.11.2021

OBJECTS 1. TO PROMOTE THE EFFICIENCY AND EFFECTIVENESS OF CHARITIES PROVIDING SERVICES FOR CHILDREN OR YOUNG PEOPLE BY PROVIDING SUPPORT, ADVICE, TRAINING AND OTHER ASSISTANCE.

1. TO PROMOTE THE EFFECTIVE USE OF RESOURCES FOR CHARITABLE PURPOSES BY CHARITABLE AND NON-CHARITABLE BODIES WORKING WITH CHILDREN AND YOUNG PEOPLE BY PROVIDING ADVICE, SERVICES AND CONSULTATIONS. 3. TO ADVANCE IN LIFE AND RELIEVE THE NEEDS OF CHILDREN AND YOUNG PEOPLE THROUGH MAKING GRANTS TO ORGANISATIONS THAT DO ANY OR ALL OF THE FOLLOWING:

2. THE PROVISION OF RECREATIONAL AND LEISURE TIME ACTIVITIES PROVIDED IN THE INTEREST OF SOCIAL WELFARE, DESIGNED TO IMPROVE THEIR CONDITIONS OF LIFE; • PROVIDING SUPPORT AND ACTIVITIES WHICH DEVELOP THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS MATURE AND RESPONSIBLE INDIVIDUALS.

REGISTERED ADDRESS Young Medway c/o Medway Youth Service Medway Council Gun Wharf Dock Road Chatham ME4 4TR

INDEPENDENT EXAMINER Z Derbak Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF

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YOUNG MEDWAY

TRUSTEES' REPORT

FOR THE YEAR ENDED 31ST MARCH 2024

OBJECTIVES AND ACHIEVEMENTS

1. To promote the efficiency and effectiveness of charities providing services for children or young people by providing support, advice, training and other assistance

2. To promote the effective use of resources for charitable purposes by charitable and non-charitable bodies working with children and young people by providing advice, services and consultations.

3. To advance in life and relieve the needs of children and young people through making grants to organisations that do any or all of the following: • the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life; • providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.

In this second year of operation Young Medway continued to develop its partnership with the Young People’s Foundation Trust and Medway Council. Key activities included the planning and development of the 24/25 offer for members, which includes a mixture of training and networking events. This work was facilitated by funding from the Young People’s Foundation Trust which enabled the commissioning of consultant services to organise the offer.

Trustees were also active in applying for additional funds through the Colyer Fergusson Trust to further develop the Membership offer.

Throughout this year trustees have operated in accordance with the guidance from the Charity Commission, focussing their work on the public benefit.

ACHIEVEMENTS AND PERFORMANCE

During 2023-24 Young Medway achieved various goals, including:

• •Successfully applying for additional support costs and funds.

• •Developing a program of activities to support members – running 24-25.

• •Further developing online content including funding support and guidance.

FINANCIAL REVIEW AND RESERVES POLICY

By the 31st March of 2024 Young Medway held £89,534 in its accounts with the Charities Aid Foundation Bank. £84,673 of this was restricted fund, from which £68,110 was held on behalf of youth projects previously administered by Woodlands Youth Centre, Strood Youth Centre, Woodies Youth Centre and Parkwood Youth Centre. These legacy funds were donated to Young Medway at its formation as the previous charities closed.

In addition, it held £17,142 associated with the direct activity of Young Medway. These funds include grants received in 23/24 including £10,000 from the Colyer Fergusson Charitable Trust and £7,500 from the Young People’s Foundation Trust as part of a Department of Culture Media and Sport grant to support the foundation of new Young People’s Foundations. Both of these relate to support costs and developing Young Medway’s membership offer. They were all received later in the financial year and mainly pertain to spending in 24/25.

All spending has remained within the boundaries of available funds.

Young Medway aims to hold three months of unrestricted funds. As a newly formed organisation the Trustees keep this policy under review. Young Medway is holding historical restricted funds totalling £68,110 on behalf of four youth centres in Medway. This has arisen after the winding down of the four small local charities in 2021 that held the funds connected to each youth centre. Each were struggling to recruit enough active local management committee members to keep them viable as stand alone committees. The remaining funds are restricted to being spent for the benefit of young people who attend those youth centres. Young Medway, in conjunction with local young people, will be spending down these funds over the next three years.

There are no specific concerns or reasons for the charity to not be able to continue to run in its current format. However, the charity is seeking core funds to be able employ staff and further develop its business.

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YOUIIG MÉIK4fAY TRUSTEES. REPORT FOR THE YEAR E14DED 31ST MARCH 2024 Slrudur• Govqrnan¢x Young MÉdway 15 a Charit3bty Incorporated OryanIsat￿n or Cto. 13) mulli￿r0( thArtiy Irust lal There should be.. Nor ￿S than 3 nor more than 12 ￿ected rnJstee5', l ex offiao trustee,. and Not kss ihan 2 nor mort than 4 nomlnated trusrees. Ibl There rnust be at least three Eharity truStee5. If the numberfa115 behw thi5 minimum, the remaining trustee or trustses may act C￿lY to cJll J meeting of the charity trustees, or aPPDint rh¥rfty trustee. 1£) The rnaxlmum number ol chadly trustees that can be appolnted is ès prn￿ded In sub-c￿￿Se lal of Ihts dause. No trustee ?ppointment may be made In excÈ55 of the5È provi5lWS. se￿10￿ Js detallad In th be Appolntment of Charlty trusiees 111 Appolnted (￿rItY trusteos la) from ihe first charily trustees, every appcinted trustee must be èppc4nted fora tern of three years by a resduuon passed at a Proper￿ convened meeung of the charfty trustees. Ibl In Indiv￿￿al9 forèPPOinttnent as applinted charity trustees, the charity trustees must have regard to the skllls, knOW￿d0¢ and experlence needed for the effttvve adrn1nlstradc￿ of the ao. (21 EX tsffldo Charity trUtee The PO￿10 holder for Medway Chlldren's ServI￿s VAII eitherserve as or Trorn￿ate an ex￿¢￿0 trn%tee for the time being ("Lle 4ffi holder") shall aurotnatlcally. by virtue of that Offi￿ l-ex offjJo?, be a tharlty trustee. If unwilllng to act as a charty trusree, the holder m8y'. la) belore acttptlng èppolntment ès a tharity trustee, glve Mrtke in writlng to the rrustees ol thelr unwMllngne55 LQ act In that capacw,. or Ib) after accepring appolThtrnenr as a charSty trustee. reslgn under the prov151ons ￿taIned clause 15 IRetirÈrnènt and rémoval of tharlty tru5teesl. The offite of ex ofliao charity trustee will then remain vacènt until the holder teases to hold orrice. 131 fiomln?Iqd ¢h•rlty Tryslees lèl Hedw4y Councll I"Ihe jpwhtlng b￿v1 rn4y Jppolnt up ro three ch?rfW trusree5. Ib} Any appointment must be matte * a meeung heid aC￿￿1Th9 to the ordlhary w3ctEe of the app)In￿Tr9 ￿ty. 1¢) Each zppolntment must be for term of [31 years. Idl The appolntment wlll bB effectlve from the ￿ter of.. 111 the dale of the vacancy,. or 141 thE date on ￿hICh the Cto Is infllrm¢d af the appointsnent, le) The person èopointed tteed Mt be a member ￿ the appolntsng body. {fJ A trust¢e appoirtÈd by the ap￿l￿till9 btmly hèsthe Same duty underaèuse 1211) as the othercha￿ty1NStees to art In the way t declde In oood falth would be most Ilkely to fvrtnerthe purpose5 01 the CIO. TRUSTees RespoNSI8IUTIES The Chanbes Att 2011 require the trustee5 to prepgre finarKiJl statement5 f(￿e9th finpnagl yèor. Jn pieparing th¢K ffinanci￿ ststements thè truslees are requlrod to.. Select suitable acc4untlng ￿1￿cleS ano ap￿¥thern consl>tentw: Make judgements estimates th are reisonable Pr￿ent. Prepare finantial statements on the going concem bèsls Unle￿ il Is inapprowateto presume that the trnst will contlnue In exlslence. The twstee5 are re5PDnSible for keEping proper{ctounting words, whi¢h éiscios¢ wlth ￿seNable accuracy at any ilme the Nnanclal p￿t￿n of the rrust. They Jre also re5poDslble for sèfeguJrdlng assets of the trust Jnd hence for thklng rea￿nable ste￿ for the preventlon and dete¢uon of rraud ana other Ine9ularftieg. Slgned OD h¥lf of the Trustees , Trustee. Prknt natnÈ'. Date..

INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS

Report to the trustees/members of Young Medway on the accounts for the year ended 31st March 2024 set out on pages 7 to 10.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011) and that an independent examination is needed.

It is my responsibility to:

• examine the accounts (under section 145 of the 2011 Act),

• to follow the procedures 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 INDEPENDENT EXAMINER'S STATEMENT

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the 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 present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In the course of my examination, no matter has come to my attention

1. which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:

2. proper accounting records are kept (in accordance with section 130 of the Act); and

3. accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or

4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Zita Derbak MAAT AATQB Independent Examiners Ltd Unit 2 Sign: The Broadbridge Business Centre Delling Lane Bosham PO18 8NF Date: 16.09.24

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YOUNG MEDWAY

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31ST MARCH 2024

Notes RECEIPTS : Voluntary Receipts 2 TOTAL RECEIPTS PAYMENTS : Costs of Charitable Activities 3a Governance Costs 3b TOTAL PAYMENTS NET INCOMING/(OUTGOING) RESOURCES Transfer between funds Balances Brought Forward BALANCES CARRIED FORWARD	Unrestricted Designated Restricted Total Total Funds Funds Funds 2023/24 2022/23 £ £ £ £ £ 2,840 - 37,845 40,685 104,319 2,840 - 37,845 40,685 104,319 - 1,470 36,883 38,353 15,797 372 - 948 1,320 - 372 1,470 37,831 39,673 15,797 2,468 -1,470 14 1,012 88,522 - 1,960 1,960 - - - 1,903 - 86,619 88,522 - 4,371 490 84,673 89,534 88,522

The notes on pages 9 to 10 form part of these accounts.

All operations are continuing operations.

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YOUNG MEDWAY STATgMEf4TOF ASSETS ANO LtA8ILIIIES FOR THE YEAR ENDED 31ST MARCH 2024 Unrestricted Fund 0esionèteJ Fund Restricted Funds 31-MaTr34 Yotsi 31.M•r-23 Totsl N¢t¥ ASSETS Cash Funds: General Account Savlngs Acwunt 1.839 2.S32 1,839 $7,69S 490 84,673 87,679 490 A6¥•ts fwined for the Ctharlty's Ovm iit•.' Equipment Amount due to the thartty UABILITIIS Independen¢ Exarnin￿ Fee 1.320 1.320 1,320 TRIISTEES RESPONSXOILITIES IN RELATION TO FXNANCXAL STATENFNTS Chadty Low require5 the Trustees to prEpare financial ststements for each financlal year comply ￿1th the reQU￿￿on5 set wt In the Charltie5 Att 2011. The T<ustees have dected to tske advgntsge of the provi$￿OnS that apply to smjll charities and have prepared a Recdpts and PJymen15 Account and Statefflent of Assets Jnd LiabSlitye5 whith are set Out pages 7 and 8. Approved by the Trustees on.................... ..... .% *................ and Signed on their behalf bv , Trustee. nt name..

YOUNG MEDWAY

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024

1. BASIS OF ACCOUNTING

The accounts have been prepared under the “Receipts and Payments” basis as prescribed by the Charity Commissioners, and they meet the appropriate legal requirements.

2. RECEIPTS Notes Charitable activities 5 Donations and legacies Other Income Services Miscellaneous Income Interest 3. PAYMENTS Notes a) Costs of Charitable Activities 4,5 Equipment and Supplies Insurances Maintenance Meals and entertainment Motor Running Expenses Office/General Administrative Expenses Other Professional Services Rent / Room Hire Training Travel and Accommodation Activities Computer Cost Printing, Postage and Stationery Other Expenditure b) Governance Costs 5 Independent Examination

Unrestricted Designated Restricted Total Total Funds Funds Funds 2023/24 2022/23 £ £ £ £ £ - - - - 1,586 2,840 - 26,630 29,470 94,376 - - 446 446 527 - - 7,830 7,830 7,770 - - 1,331 1,331 60 - - 1,608 1,608 - 2,840 - 37,845 40,685 104,319 Unrestricted Designated Restricted Total Total Funds Funds Funds 2023/24 2022/23 £ £ £ £ £ - 1,470 26,084 27,554 5,280 - - 96 96 96 - - - - 1,476 - - 415 415 1,606 - - - - 34 - - 827 827 224 - - 3,646 3,646 2,308 - - 375 375 609 - - 2,610 2,610 565 - - - - 809 - - 2,574 2,574 2,790 - - 126 126 - - - 38 38 - - - 92 92 - - 1,470 36,883 38,353 15,797 372 - 948 1,320 - 372 - 948 1,320 -

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YOUNG MEDWAY

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024

4. DESIGNATED FUNDS Current year Young Medway General Previous year Young Medway General 5. RESTRICTED FUNDS Current year Parkwood Youth Service Strood Youth Service Woodlands Youth Service WREC Youth Service Young Medway (KCF & YPFT) Previous year Parkwood Youth Service Strood Youth Service Woodlands Youth Service WREC Youth Service Young Medway (KCF & YPFT)

Balance at Income Expenses Transfer Balance at 01st Apr 2023 31st Mar 2024 £ £ £ £ £ - - 1,470 - 1,960 490 - - 1,470 - 1,960 490 Balance at Income Expenses Transfer Balance at 2nd Nov 21 31st Mar 2023 £ £ £ £ £ - - - - - - - - - - Balance at Income Expenses Transfer Balance at 01st Apr 2023 31st Mar 2024 £ £ £ £ £ 24,839 1,544 8,938 - - 17,445 20,292 3,998 10,279 - - 14,011 12,280 1,513 6,269 - - 7,524 22,939 13,290 7,149 - - 29,080 6,269 17,500 5,196 - 1,960 - 16,613 86,619 37,845 37,831 - 1,960 - 84,673 Balance at Income Expenses Transfer Balance at 2nd Nov 21 31st Mar 2023 £ £ £ £ £ - 26,789 1,950 - - 24,839 - 26,559 6,267 - - 20,292 - 14,762 2,482 - - 12,280 - 24,655 1,716 - - 22,939 - 9,045 2,776 - - 6,269 - 101,810 15,191 - - 86,619

6. PAYMENTS TO TRUSTEES OR RELATED PARTIES

No material transaction took place between the organisation and a trustee or any person connected with them.

7. PUBLIC BENEFIT

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

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