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YOURGATEWAY2SUCCESS

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

REPORT OF THE TRUSTEE BOARD

Introduction

The Trustee Board presents its annual report and financial statements for YOURGATEWAY2SUCCESS for the year ended 31 December 2024.

LEGAL AND ADMINISTRATIVE INFORMATION

Charity Number: 1199249

Trustee Board Members The following members served during the year:

Grace Washuka Ngunyi
Olivia Mameama Dwirah Dickson
Veronica Njeri Kinganga

Principal Office

Unit 4, 44A Gloucester Road, Croydon, CR0 2DA

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document YOURGATEWAY2SUCCESS is a registered charity, governed by its Constitution, which sets out the charitable objects and the powers of the Trustee Board.

Recruitment and Training of Trustees

New trustees receive a comprehensive induction, including training courses and mentoring by established trustees, to ensure they understand their legal responsibilities, the charity’s aims, and its operational framework.

Related Parties

The Trustee Board independently determines operating policies to fulfill the charity’s objectives and comply with national membership requirements. The charity collaborates with advisory services, local charities, and social services to enhance support for its beneficiaries.

Organisational Management

The strategic direction and policy setting for YOURGATEWAY2SUCCESS is the responsibility of the Trustee Board. Trustees bear ultimate responsibility for the charity’s conduct and compliance with legal and contractual obligations. The Board meets quarterly, delegating day-to-day operations to designated team members.

Risk Management

The Trustee Board regularly reviews the charity’s risk management strategy and risk register to identify and mitigate major risks. Financial risks, including loss of funding, are addressed through diversified funding sources and proactive fundraising strategies.

OBJECTIVES AND ACTIVITIES

Charitable Objectives

The charity’s objectives are to advance the lives of young people aged 16-25 in Croydon by:

Providing recreational and leisure activities to enhance their quality of life.
Supporting skill development and capacity building to empower young people to engage fully and responsibly in society.

Key Activities for the Year In 2024

YOURGATEWAY2SUCCESS focused on:

Skills Development: Workshops, training programs, and mentorship initiatives to boost employability, entrepreneurship, and personal growth.
Capacity Building: Tailored support helping individuals overcome challenges, make informed decisions, and take charge of their futures.
Community Engagement: Organizing activities promoting collaboration, leadership, and social responsibility.
Health and Wellbeing: Resources, support groups, and awareness campaigns addressing mental, physical, and emotional wellness.
Youth Empowerment: Targeted programs encouraging academic, social, and professional growth.
Inclusion and Diversity: Ensuring all activities are inclusive, breaking down barriers, and celebrating community diversity.

Use of Volunteers

The charity benefited from the support of two volunteers, contributing approximately 24 hours per week, assisting with public advice and administrative tasks.

FINANCIAL REVIEW

Reserves Policy

The charity currently holds zero reserves. The Trustee Board acknowledges the importance of building reserves and aims to establish a reserve fund as part of future financial planning.

Investment Policy

Surplus funds are invested in interest-bearing accounts to ensure security and financial growth.

Future Plans

YOURGATEWAY2SUCCESS is committed to expanding its reach by establishing additional community hubs and partnering with local charities, schools, and support groups. The charity will actively pursue funding and donations to launch new programs, focusing on skills training, employment support, mental health awareness, and personal development.

STATEMENT OF TRUSTEE BOARD RESPONSIBILITIES

The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and regulations. Charity law in England and Wales requires trustees to:

Select suitable accounting policies and apply them consistently.
Make judgements and estimates that are reasonable and prudent.
Prepare financial statements on a going-concern basis unless there is reason to believe the charity will not continue operating.
Maintain accurate accounting records that clearly disclose the charity’s financial position.
Safeguard the charity’s assets and prevent fraud or other irregularities.

Disclosure of Information to Auditors In line with charity law, the Trustees confirm that:

As far as they are aware, there is no relevant audit information of which the charity’s auditors are unaware.
They have taken all necessary steps to ensure they are aware of any relevant audit information and that the auditors are informed.

Auditors

At the time of this report, YOURGATEWAY2SUCCESS has not appointed auditors but will review this in accordance with its growth and regulatory requirements.

APPROVAL

This report was approved by the Trustee Board on 31 January 2024 and signed on its behalf by:

...............................................

Grace Ngunyi

Chairperson

YOURGATEWAY2SUCCESS No 1199249 Receipts and payments accounts CC16a For the period 1-Jan-24 12/31/2024 To from

Section A Receipts and payments
A1 Receipts Donations 9,658 - - - - - - - 9,658 - - Sub total - Total receipts 9,658 A3 Payments TRAININGS & WORKSHOPS 5,800 ADMINISTRATIVE 570 OFFICE,PRINTING & STATIONERIES 97 INSURANCE 150 HALL HIRE 1,186 - - - - Sub total 7,803 - - Sub total - Total payments 7,803 Net of receipts/(payments) 1,855 A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end 1,855 Unrestricted funds to the nearest £ *Sub total*(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table)	to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds	to the nearest £ Endowment funds	Total funds to the nearest £ 9,658 - - - - - - - 9,658 - - - 9,658 5,800 570 97 150 1,186 - - - - 7,803 - - - 7,803 1,855 - - 1,855	Last year to the nearest £
		- - - - - - - - -	9,658	-
			-	-
			-	-
			-	-
			-	-
			-	-
			-	-
			-	-
			9,658	-

		- - -	-
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		-	9,658	-

		- - - - - - - - - -	5,800	-
			570	-
			97	-
			150	-
			1,186	-
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			7,803	-

		- - -	-
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		-	7,803	-

	-	- - - -	1,855	-
	-		-	-
	-		-	-
	-		1,855	-

Section B Statement of assets and liabilities at the end of the period

Details Details Details Details Details Signature G. Ngunyi *Total cash funds* (agree balances with receipts and payments account(s))	to nearest £ to nearest £ - - - - - - - - Agreement Error OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name Grace Washuka Ngunyi Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional)	to nearest £ Endowment funds
		-
		-
		-
		-
		OK
		to nearest £ Endowment funds
		-
		-
		-
		-
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		-
		-
		-
		-
		When due (optional)






		Date of approval
G. Ngunyi	Grace Washuka Ngunyi	1/31/2025

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2024-12-31-accounts