Trustees Sarah Friedman Briendy Friedrich Shoshi Landau Registered Off ice 12 Llrangecourt Road, London, N16 SEG CHARITY NO 1204492 INDEPENDENT EXAMINER: De Claron Ltd 3A The Vale London NW118SB BANKERS: TSB 174 Clapton Common, London E5 9AQ
Hey there! I'm super pumped to share what we've been up to at Teens Dreamsl We're a bunch of young folks who've been in the same boat, growing up alongside poverty. So, we decided to team up and make things better for teens like us. Our first year has been a wild ride of opportunities and learning curves. We kicked things off with our'Leaders First, scheme. We started hosting weekly hangouts for kids living in tiny council flats. Our crew of 23 volunteer leaders totally rocked it, keeping the kids entertained while gaining some awesome leadership skills themselves. Talk about a win- winl Then, we Launched our hygiene bank for teens facing tough financial times. We partnered up with local businesses to get donations, and it's been amazing to see how we've been able to help 63 young people access basic needs with dignity. Now, we're thrilled to announce the support of the National Lottery Community Fund for our brand-new Food Fair scheme. This initiative will offer a weekly mobile foodbank alongside quarterly Food Fairs, ensuring that young people in our community have access to healthy meals and support. We can't wait to see the impact it will havel I've gotta give a massive shoutout to my fellow young guns who've joined me on this mission. And huge thanks to our funders for believing in us and supporting us in starting this awesome charity in 2024. We've got big plans for the future, and I'm thrilled to see where thisjourney takes us. Let's raise our hands for Teens Dreams and keep making dreams happen for teens everywherel Thanks a bunch, Chair of Teens Dreams .,OD'P:,
Projects Leaders First The"Leaders First" scheme is the cornerstone project of Teens Dreams Youth Charity, providing a unique leadership opportunity for young people aged 16-18. This initiative allows 30 teen leaders to design and implement weekly hangouts for 105 children living in cramped quarters. Each week, these leaders create and execute fun and engaging activities, offering a safe and entertaining environment for the children. Through Leaders First, the teen leaders gain invaluable leadership experience by taking full ownership of the program each week. Thi5 Opportunity helps them develop crucial skills su¢h as decision-making, teamwork, and responsibility, while making a meaningful impact in their community. The project fosters a sense of achievement and confidence among the leaders, empowering them to continue growing as future leaders. Meanwhile, the children benefit from posltive role models and engaging activities that provide a much- needed respite from their daily challenges. Eco-warriors Eco-warriors is all about getting teens involved in environmental awareness and activism, with a cool twist. Alongside community clean-ups, recycling drives, and sustainability workshops, we've added a mobile clothing bank to the mix. Here's how it works.. young people donate their gently used clothes, which we then distribute to other teens in need. It's a win-win-keeping clothes out of landfills and giving them a second life with new owners who truly appreciate them. Our mobile clothing bank is not just about recycling,. it's about community and caring. Teens feel great knowing their donations make a real difference. and those receiving the clothes get some awesome new additlons to thelr wardrobe. It's all about fostering a sense of envlronmental responslbility whi le helping each other out. Thank you to all our young donors who help us make a positive impact-one piece of clothing at atimel Hygiene Bank Our hygiene bank has been a crucial part of our efforts. We've successfully delivered hygiene parcels to 63 young people in need, ensuring they have access to essential Items like soap, toothpaste, and deodorant. This initiative complements our environmental mission by promoting health and well-being within our community.t IMPACT SNAPSHOT 30 320 105 Young Leaders Hygiene Parcles delivered children entertoined
Trustees Report The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporti ng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims To improve emotional wellbeing of young people113-251 by the provision of services to help them build resilience, promoting healthy coping strategies to replace current bad habits. Relief of food/hygiene poverty among young people through provisions of crises parcels and other services Give opportunities for marginalized youth to become involved in social action, leadership, volunteering SIGNIFICANT ACTIVIITIES The financial results of the Company's activities for the period ended March 2024 are fully reflected in the attached financial statements together with the notes thereon. The trustees are satisfied with the results and activities of the company for the period and do not anticipate any significant changes in the forthcoming year. PUBLIC BENEFIT The trustees have referred to the guidance contalned In the Charlty Commlssion's general guldance on publlc beneflt#when reviewing the aims and objectives and In planning the charity's future activities. The aims of the charity for thepublic benefit are detailed in the Projects section of the report. ACHIEVEMENT AND PERFORMANCE Charitable activities The charity received donations that amounted to £23,700.99 and spent £20,282.88 on charitable activities. FINANCIAL REVIEW Reserves policy The trustees have agreed that the charity will maintain reserves equivalent to at least 3 months of core running costs. This level of reserves is intended to provide financial stability. ensuring that the charity can continue its essential operatlons in the event of unexpected funding shortfalls or unforeseen expenses. The reserves pollcy Is reviewed annually to ensure it remains approprlate for the charity's needs and clrcumstances. FUTURE PLANS The charity plans to continue its activities subject to satisfactory incoming resources. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES It is not currently the intention of the trustees of the Charity to appoint new trustee5. Should this Sltuation change in the future, the trustees will apply suitable recruitment and training procedures. RISK MANAGEMENT The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provlde reasonable assurance against fraud and error.
Dr l A tiviti nt fFin Fir ty e 31.03.2024 Restricted Funds Unrestrict Funds Total Funds INCOMING RESOURCES Grants Oonations 11,915.00 11,785.99 11.915.00 11,785.99 Grft Aid 23.700.99 23 700.99 TOTAL INCOMING RESOURCES 23,700.99 Eco-warriors FOLKI Fair Hy&ene Bank Leaders First 2.700.00 3,792.37 7,508.07 6,282.44 2,700.00 3,792.37 7,508.07 6.282.44 Adminislralion & Account Advertising & Printing Bank Charges & Interest Insurance Telephone 20,282.88 20,282.88 TOTALOUTGOING 20,282.88 NETMOVEMENTS IN FUND5 FOR THE YEAR 3.418.11 FUNOS CARRIED FORWARD TOTAL FUNDS CARRIEO FORWARD 3.418.11 e 31.03.2024 CURRENT ASSETS DEBTORS CASH IN HAND & BANK 3.418.11 3,418.11 CURRENT LIABLLttlES LOAN CREDITORS NET ASSETS 3.418.11 FUNO ACCOUNT 3,418.11 Approved by the Trustees of Teens Dreams and signed on 04 November 2024 on behalf of them all. Sarah Friedman
Indepent Examiner's Report INDEPENDENT EXAMINER'S REPORT I report on the accounts of the Charity for the year ended 31 March 2024. Respectlve responslbllltles of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under the Charities Act 2023 (the 2023 Actll and that an independent examination is needed. It is my responsibility to examine the accounts (under the 2022 Act). to follow the procedures laid down in the General Directions given by the Charity Commissioners (under the 2022 Actl- and - to state whether particular matters have come to my attention. Basls of Independent examlner's report My examlnation was carried out in accordance wlth the General Directlons glven by the Charity Commlssioners. An examination includes a revlew of the accounting records kept by the charlty 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examlner's statement In connection with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with the 2022 Act,. and accounting or to prepare accounts which accord with the accounting records and comply with the requirements of the 2022 Act have not been met" 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. De Claron Ltd. 3a The Vale LONDON NW118SB: 04 November 2024
Notes to the Financial Statements NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basls of preparatlon of flnanclal statements The financial statements have been prepared under the historical cost convention as modified to include the revaluation of land and building with the exception of investments which are included at market value. These financial statements have been prepared in accordance with the Statement of Recommended Practice ISORPI,"Accounting and Reporting by Charities" published in Jan 2021. Charlty status The charity is an unincorporated association. The members of the charity are the trustees named on page 2. Fund accountlng General funds are unrestrlcted funds which are avallable for use at the dlscretlon of the trustees In furtherance of the general objectives of the charity and which have not been designated for other purposes. Incomlng resources All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Income tax recoverable in relation to donations received under Gift Aid or deed of covenant is recognised at the time of the donation. Resources expended All expenditure is accounted for on a cash basls and has been included under expense categorles that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basi5 conslstent with the use of the resoruces. Management and adminlstration costs are those Incurred In connection with admlnlstratlon of the charity and compliance with constitutional and statutory requirements. Golng Concern The accounts have been prepared on a going concern basis as the trustees consider the charity will continue to operate for a period of at least twelve months from the date of the approval of these accounts. NET INCOMING RESOURCES During the year no trustees received any remuneration, benefits in kind or reimbursement of expenses.
Teens Dreams