## **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
2
## **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.
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.
**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
3
## **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.
4
YOUIIG MÉIK4fAY
TRUSTEES. REPORT
FOR THE YEAR E14DED 31ST MARCH 2024
Slrudur•* Govqrnan¢x
Young MÉdway 15 a Charit3bty Incorporated OryanIsatn or Cto.
13) mullir0( 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 ClY 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 prnded In sub-cSe lal of Ihts dause. No trustee ?ppointment
may be made In excÈ55 of the5È provi5lWS.
se10 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 Indival9 forèPPOinttnent as applinted charity trustees, the charity trustees must have regard to the skllls, knOWd0¢
and experlence needed for the effttvve adrn1nlstradc of the ao.
(21 EX tsffldo Charity trU*tee
The PO10 holder for Medway Chlldren's ServIs VAII eitherserve as or Trornate 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 bv1 rn4y Jppolnt up ro three ch?rfW trusree5.
Ib} Any appointment must be matte * a meeung heid aC1Th9 to the ordlhary w3ctEe of the app)InTr9 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 apltill9 btmly hèsthe Same duty underaèuse 1211) as the otherchaty1NStees 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 1cleS ano ap¥thern consl>tentw:
Make judgements estimates th* are reisonable Prent.
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 ptn
of the rrust. They Jre also re5poDslble for sèfeguJrdlng assets of the trust Jnd hence for thklng reanable 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:
- proper accounting records are kept (in accordance with section 130 of the Act); and
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or
2. 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
6
## **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.
7
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 reQUon5
set wt In the Charltie5 Att 2011. The TNotes
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**
**-**|
|---|---|
9
## **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.
10