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2023-03-31-accounts

Charity registration number 1198550

Company registration number 10589846 (England and Wales)

YASEEN YOUTH DEVELOPMENT LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

YASEEN YOUTH DEVELOPMENT LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Senior management

Hisham Bella Chair Asif Aziz Uddin Trustee Mohammad Imran Asif Trustee

Charity number 1198550 Company number 10589846 Registered office

PO Box NW10 7PN Crown House Suite 822 North Circular Road London England United Kingdom NW10 7PN

YASEEN YOUTH DEVELOPMENT LTD

CONTENTS

Page
Chairman's Statement 1 - 2
Report 3 - 8
Independent examiner's report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 19

YASEEN YOUTH DEVELOPMENT LTD

CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

The Trustees are pleased to present their annual Trustees Report together with the financial statements of Yaseen Youth Development LTD for the year ended 31[st] March 2023.

Message from the Trustees

In the name of Allah the Most gracious the Most Merciful

It gives me great pleasure to present this Trustees report for Yaseen Youth Development. In our first year of inception as a registered charity, YYT has been busy serving the primary beneficiary it has been setup to serve ,the Youth.

Our motto as an organisation is “inspire the Youth, Inspire the World”. We believe that young people in the UK and around the world hold the keys to their success and the future success of their communities. Developing young people and instilling within them the confidence to achieve and full their full potential.

Our Youth tours have been oversubscribed during this period with many young people being given the chance to travel overseas and broaden their horizons by experiencing different countries and cultures. Our Yaseen Youth Centre in Wembley has been at the heart our growth, the centre quickly became a hub engaging young people locally in the area of Brent and throughout the city of London. Activities such as the Youth sessions and events such as the creativity competition have captured the aspirations of young people and have been largely oversubscribed due to their relevance and engagement.

The Sports Foundation programme also saw great engagement and uptake from young people. The annual Football Tournament saw 100’s of young people sign up and organise themselves into teams competing for the advertised cash prize. This great attendance allowed us to engage those hard to reach young people and instil positive values of initiative and aspiration to reach lofty goals. Our Great Minds project was also launched during this period in response to the great need for interventions to support the mental health of young people that we serve. Great minds aims to provide a professional and structured platform for multilevel interventions in the form of Counselling. Mentoring & Befriending. This project aims to improve the mental health of a hard to reach group of young people with the BAME community.

Setup during the difficult and worldwide Covid-19 crisis, the Corporate -19 project has been very popular. It aimed at providing positive channels for young people to respond and contribute positively to the humanitarian crises taking place around them. A monthly clothes collection for relief work had been arranged to give young the opportunity to contribute.

This has been a snapshot of the many activities organised by Yaseen Youth Development. I would like to thank the team, CEO, volunteers and supporters for the hard work put into making this dream a reality. We hope to see YYD grow in years to come and support many young people locally and further afield.

Vision and Mission Statement

Our Vision

“A world where every youth thrives.”

Imagine a world where every youth is proud of his/her identity, a world where every youth is an effective leader – leading himself/herself and others towards productivity and peace-building in society. Imagine a world where the youth are empowered, nurtured, and engaged to fulfil their enormous potential, and where they reach their highest of aspirations. Imagine a world where every youth is inspired, and imagine a world that is inspired by the youth.

At Yaseen Youth, we work towards making this vision a reality.

YASEEN YOUTH DEVELOPMENT LTD

CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

.............................. Hisham Bella Chairman

Date: 24th May 2024

YASEEN YOUTH DEVELOPMENT LTD

REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2023

Annual report and financial statements for the year ended 31 March 2023

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's [governing document], the Companies Act 2006 and "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)" (effective 1 January 2019).

Objectives and activities

Operating within an Islamic ethos to act as a resource for young people aged 11 to 24 living in London by offering advice and assistance and organising youth work and play activities of a social, physical, educational, therapeutic and spiritual nature, as a means of:

(a) providing recreational and leisure time activities in the interests of social welfare, designed to improve their conditions of life;

(b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals;

(c) promoting knowledge and understanding of the Islamic faith and encouraging/facilitating the practice of the religion by existing followers.

YASEEN YOUTH DEVELOPMENT LTD

REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Achievements and performance

Significant activities and achievements against objectives

During the period April 2022 to March 2023, the charity has achieved many milestones in fulfilling its charitable objectives and also realising its ultimate aim.

  1. Our Youth tours have been oversubscribed during this period with many young people being given the chance to travel overseas and broaden their horizons by experiencing different countries and cultures.

  2. Our Yaseen Youth Centre in Wembley has been at the heart our growth, the centre quickly became a hub engaging young people locally in the area of Brent and throughout the city of London. Activities such as the Youth sessions and events such as the creativity competition have captured the aspirations of young people and have been largely oversubscribed due to their relevance and engagement.

  3. The Sports Foundation programme also saw great engagement and uptake from young people. The annual Football Tournament saw 100’s of young people sign up and organise themselves into teams competing for the advertised cash prize. This great attendance allowed us to engage those hard to reach young people and instill positive values of initiative and aspiration to reach lofty goals.

  4. Our Great Minds project was also launched during this period in response to the great need for interventions to support the mental health of young people that we serve. Great minds aims to provide a professional and structured platform for multilevel interventions in the form of Counselling. Mentoring & Befriending. This project aims to improve the mental health of a hard to reach group of young people with the BAME community.

  5. Setup during the difficult and worldwide Covid-19 crisis, the Corporate -19 project has been very popular. It aimed at providing positive channels for young people to respond and contribute positively to the humanitarian crises taking place around them. A monthly clothes collection for relief work had been arranged to give young the opportunity to contribute positively in a safe manner.

  6. 4 -

YASEEN YOUTH DEVELOPMENT LTD

REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Financial review

Income and expenditure overview

The financial statements have been prepared in accordance with the accounting policies set out on the financial statements part of the report and comply with applicable laws and requirements of the ‘Accounting and Reporting by Charities: Statement of Recommended Practice’ (Charities SORP (FRS102)) issued by the Charity Commission.

The total income is £457,492 (2022 - £368,352) which is an increase of 20%, this increase is primarily due to support from major donors and receiving a grant of £25,000 in the year.

Total expenditure in the year was £345,673 (2022- £363,975) which is a decrease of 5%, this was in part due to retaining higher reserves for future projects.

As such, the unrestricted fund balance is £157,407 and £19,907 for restricted to be carried forward.

Growth & Expansion in this period:

The charity has achieved handsome growth in the period April22 - March2023. This is due to the dire need for the services that it provides and the impact that it is having on the ground. There is a need for significant tight financial controls to ensure that the growth trajectory is sustainable and impactful on the target beneficiary group.

- Plans for future period (2023 2024):

Anticipated funding is expected to allow the organisation to continue to deliver its important and dynamic objectives. Yaseen Youth Development plans to acquire new premises in the next financial year due to the closure of its current location. It will continue to deliver Youth Tours, Great Minds, Yaseen Youth Academy, Sports foundation and many more activities and programs.

Going concern

With the onslaught of the cost-of-living crisis which has hit Europe and in particular the United Kingdom and continues to have an impact throughout this year with few signs that it will curtail. This is naturally felt by organisations like ourselves with lower donations and more young people turning to our organisation for support and help. The Trustees and CEO have taken steps to make more prudent expenditure and increase income via fundraising campaigns. The Trustees have concluded that the charity operation will still carry on to 2023 and that the entity is still a going concern for the short and long term future.

Reserves policy

It is the policy of the that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the ’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

Yaseen Youth Development is a registered charitable company limited by guarantee under the Laws of England & Wales regulated by the Charity Commission. All members of the board are appointed and are committed to serving the organisation by fulfilling their roles as Trustees in keeping with its constitution.

YASEEN YOUTH DEVELOPMENT LTD

REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

The members of the , who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr Hisham Bella Mr Mohammad Imran Asif Mr Asif Aziz Uddin

Recruitment and appointment of trustees

All of our trustees are volunteers. They are chosen because they have the diverse range of skills, knowledge and experience that Yaseen Youth needs to respond to key challenges. Stakeholders and partners may nominate trustees, and sometimes we will make a personal approach to potential candidates. To ensure that the charity benefits from a professional and dynamic board, trustees are provided with a comprehensive induction and on-going training in new or emerging areas of responsibility.

New trustees receive a full overview of the strategic and operational functions, which includes a copy of organisation's Constitution, Board Meeting Minutes and Charity Commission guidance “The Essential Trustee.” Trustees play a significant role in the running of the charity and are always expected to keep up to date in the charity world this also includes keeping abreast of “Charity Commission News” and other updates as and when they appear on the commission’s website. They are also encouraged to help identify any gaps in their training needs.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

Organisational structure

Key management personnel and management structure:

The Trustees delegate the day to day running of the charity to a CEO and a team of staff and contractors. Administrative tasks were carried out by a professional team of staff members in their respective fields of project management, Finance, marketing, Fundraising, Youth work and HR.

The Board of Trustees meet at regular intervals to carry out reviews and take decisions and have the overall responsibility for all of Yaseen Youth Developments LTD's activities. In keeping with good practice, the Board receives regular performance reports, annual financial reports, plans and budgets. It also approves relevant new policies and procedures.

YASEEN YOUTH DEVELOPMENT LTD

REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Principal risks and uncertainties

The Board of Yaseen Youth Development LTD are committed to maintaining a strong risk management framework to ensure the organisation is able to manage risk appropriately. This is done through maximising potential opportunities whilst minimising the adverse effects of risk by having appropriate customised systems and controls in place for reporting and action.

Risk Management Process

The general risk management process includes the following steps:

  1. An annual review of the previous year's risk management report. 2. A risk identification exercise for the year ahead consisting of an evaluation of identified risks. 3. Recording and monitoring of risks using a risk register.

  2. Assigning management and responsibility for risks to the CEO & the team.

Risk management forms part of Yaseen Youth's system of internal controls and is supported by the policies and procedures of the organisation, covering but not limited to:

o IT and Data Protection o HR & Finance o Health & Safety o Governance o Fundraising good practice o Safeguarding

The risk of falling short of these standards is mitigated as far as possible by ensuring that appropriate policies and working practices are adopted in each area, department and that staff are adequately experienced and trained to manage this.

Going Concern:

With the onslaught of the cost-of-living crisis which has hit Europe and in particular the United Kingdom and continues to have an impact throughout this year with few signs that it will curtail. This is naturally felt by organisations like ourselves with lower donations and more young people turning to our organisation for support and help. The Trustees and CEO have taken steps to make more prudent expenditure and increase income via fundraising campaigns. The Trustees have concluded that the charity operation will still carry on to 2023 and that the entity is still a going concern for the short and long term future.

Public Benefit

The Trustees confirm that they have referred to the Charity Commissions' general guidance on Public Benefit when reviewing and shaping the charity's aims and objectives. It is estimated that there are around four million Muslims living in the United Kingdom, many of whom have been born and raised in the U.K. Yaseen Youth Development LTD aims to provide public benefit by supporting and providing a platform for young people to grow and prosper.

Reserve Policy

Trustees have agreed on a reserve policy were at least 6 months’ worth of operational expenses will be available at the end of each financial year where possible .

YASEEN YOUTH DEVELOPMENT LTD

REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

The report was approved by the Board of Trustees

Signed by Hisham Bella on behalf of the Bard of Trustees

24 May 2024

YASEEN YOUTH DEVELOPMENT LTD

INDEPENDENT EXAMINER'S REPORT

TO THE OF YASEEN YOUTH DEVELOPMENT LTD

I report to the on my examination of the financial statements of YASEEN YOUTH DEVELOPMENT LTD (the ) for the year ended 31 March 2023.

Responsibilities and basis of report

As the of the (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the ’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the ’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Waqas Iqbal

Dated: 24 May 2024

YASEEN YOUTH DEVELOPMENT LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and legacies
3
323,356
25,000
Charitable activities
4
38,901
59,187
Other trading activities
5
11,048
-
Total income
373,305
84,187
Expenditure on:
Raising funds
6
10,584
-
Charitable activities
7
270,809
64,280
Total expenditure
281,393
64,280
Net income and movement in funds
91,912
19,907
Reconciliation of funds:
Fund balances at 1 April 2022
65,495
-
Fund balances at 31 March 2023
157,407
19,907		 Total
Unrestricted
funds
2023
2022
£
£
348,356
223,569
98,088
111,736
11,048
33,047
457,492
368,352
10,584
-
335,089
363,975
345,673
363,975
111,819
4,377
65,495
61,118
177,314
65,495		 Total
Unrestricted
funds
2023
2022
£
£
348,356
223,569
98,088
111,736
11,048
33,047
457,492
368,352
10,584
-
335,089
363,975
345,673
363,975
111,819
4,377
65,495
61,118
177,314
65,495
368,352
-
363,975
363,975
4,377
61,118
65,495

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Hisham Bella

YASEEN YOUTH DEVELOPMENT LTD

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
The funds of the
Restricted income funds
14
Unrestricted funds		 2023
£
6,545
170,769
177,314
-		 £
177,314
19,907
157,407
177,314		 2022
£
-
73,845
73,845
8,350		 £
65,495
-
65,495
65,495

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the on 24 May 2024

Hisham Bella

Trustee

Company registration number 10589846 (England and Wales)

YASEEN YOUTH DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

YASEEN YOUTH DEVELOPMENT LTD is a private company limited by guarantee incorporated in England and Wales. The registered office is PO Box NW10 7PN, Crown House, Suite 822 North Circular Road, London, England, NW10 7PN, United Kingdom.

1.1 Accounting convention

The financial statements have been prepared in accordance with the 's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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)" (effective 1 January 2019). The is a Public Benefit Entity as defined by FRS 102.

The has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the has a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .

1.4 Income

Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

YASEEN YOUTH DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7 Financial instruments

The has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the 's balance sheet when the becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the ’s contractual obligations expire or are discharged or cancelled.

YASEEN YOUTH DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

1.8 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the ’s accounting policies, the is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
323,356
-
Government Grants
-
25,000
323,356
25,000
Income from charitable activities
Unrestricted
Restricted
funds
funds
2023
2023
£
£
Activities
Youth Activities & Travel
38,901
59,187		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
323,356
213,185
-
25,000
10,384
-
348,356
223,569
-
Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
98,088
111,736
-		 Total
2022
£
213,185
10,384
223,569
Total
2022
£
111,736

4 Income from charitable activities

YASEEN YOUTH DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Letting and licensing arrangements 11,048 33,047
Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2023 2022
£ £
Fundraising and publicity
Seeking donations, grants and legacies 10,584 -

YASEEN YOUTH DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

7 Expenditure on charitable activities

Charitable
expenditure
Legal fees
2023
2023
£
£
Direct costs
Staff costs
92,199
-
Travel and welfare
65,683
-
Contractors & Volunteers
29,593
-
Rent
29,282
-
Utilities
72
-
Repairs & Maintenance
1,668
-
Cleaning
6,895
-
Office expenses
2,032
-
Equipment hire and
expense
3,257
-
Event costs
82,155
-
Marketing
19,691
-
Bank fees
230
-
332,757
-
Share of support and governance costs (see note )
Governance
-
2,332
332,757
2,332
Analysis by fund
Unrestricted funds
268,477
2,332
Restricted funds
64,280
-
332,757
2,332		 Total
Charitable
expenditure
Legal fees
2023
2022
2022
£
£
£
92,199
71,399
-
65,683
36,438
-
29,593
81,059
-
29,282
26,400
-
72
-
-
1,668
653
-
6,895
3,706
-
2,032
3,818
-
3,257
19,265
-
82,155
93,367
-
19,691
25,571
-
230
1,626
-
332,757
363,302
-
2,332
-
673
335,089
363,302
673
270,809
363,302
673
64,280
-
-
335,089
363,302
673		 Total
2022
£
71,399
36,438
81,059
26,400
-
653
3,706
3,818
19,265
93,367
25,571
1,626
363,302
673
363,975
363,975
-
363,975

8

None of the (or any persons connected with them) received any remuneration or benefits from the during the year.

9 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Total - -

YASEEN YOUTH DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

9
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2023
2022
£
£
82,822
71,399
7,775
-
1,602
-
92,199
71,399		 (Continued)
2023
2022
£
£
82,822
71,399
7,775
-
1,602
-
92,199
71,399
71,399

There were no employees whose annual remuneration was more than £60,000.

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Debtors

Amounts falling due within one year:
Trade debtors
12
Creditors: amounts falling due within one year
Other creditors		 2023
£
6,545
2023
£
-		 2022
£
-
2022
£
8,350

13 Retirement benefit schemes

Defined contribution schemes

The operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £1,602

YASEEN YOUTH DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

14 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources At 31 March
2022 resources expended 2023
£ £ £ £
- 84,187 (64,280) 19,907

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources At 31 March
2022 resources expended 2023
£ £ £ £
General funds 65,495 373,305 (281,393) 157,407
Previous year: At 1 April Incoming Resources At 31 March
2021 resources expended 2022
£ £ £ £
General funds 61,118 368,352 (363,975) 65,495
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2023 2023 2023
£ £ £
Fund balances at 31 March 2023 are represented by:
Current assets/(liabilities) 157,407 19,907 177,314
157,407 19,907 177,314
Unrestricted Restricted Total
funds funds
2022 2022 2022
£ £ £
Fund balances at 31 March 2022 are represented by:
Current assets/(liabilities) 65,495 - 65,495
65,495 - 65,495

16 Analysis of net assets between funds

YASEEN YOUTH DEVELOPMENT LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

17 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).