2023-03-31-accounts - New Horizon Youth Centre

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New Horizon Youth Centre Contents For the year ended 31 March 2023

STARTING OVER, STOPPING BUSES

Report and financial statements For the year ended 31 March 2023

Company number: 01393561 Charity number: 276943

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New Horizon Youth Centre Limited Contents For the year ended 31 March 2023

Reference and administrative information	3
Trustees’ annual report	6
Independent auditor’s report	22
Statement of financial activities (incorporating an income and expenditure account) 26
Balance sheet	27
Statement of cash flows	28
Notes to the financial statements	29

New Horizon Youth Centre Limited Reference and administrative information For the year ended 31 March 2023

Reference and administrative information

Board of Trustees	Matthew Reed	(Chair)
	Ellie Roy	(Vice Chair)
	Gemma Rocyn Jones	(Treasurer)
	Daniel Jourdan
	Gill Goodby
	Mandy Tennant
	Martin Dibben
	Nana Owusu
	Katherine Hawthorne
	Paula McDonald
	Jennifer Stoker	(resigned 25.07.23)
	John Williams
Key management	Phil Kerry (Chief Executive)
Personnel	Meghan Roach (Director of Operations)
Company number	1393561
Country of incorporation	United Kingdom
Charity number	276943
Country of registration	England
Principal and
registered address	68 Chalton Street
	London
	NW1 1JR
Independent Auditor	Sayer Vincent LLP
	Chartered Accountants and	Statutory Auditors
	Invicta House
	108-114 Golden Lane
	London
	EC1Y 0TL
Bankers	The Royal Bank of Scotland
	127 – 128 High Holborn
	London
	WC1V 6PQ
Investment Advisers	Rathbone Investment Management
	The Senate
	Southernhay Gardens
	Exeter
	EX1 1UG

The Board of Trustees (who are directors of the charity for the purposes of the Companies Act) present their annual report together with the audited financial statements of New Horizon Youth Centre Limited (the charity) for the year ended 31 March 2023.

New Horizon Youth Centre Limited Reference and administrative information For the year ended 31 March 2023

Reference and administrative information set out on page 3 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association, the requirements of a directors’ report as required under company law, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

Note from the Chair of the Board

History has taught us that after a shock there is often a significant aftershock, and the events of the last twelve months have reminded us what a good teacher history is.

Having spent two years carefully navigating a global health pandemic, we began the year with a sense of optimism that we might, for the first time since 2019, have less choppy waters ahead but the unfolding impacts of the cost-of-living crisis have dashed this hope and have proven, in many ways, to be a much harder challenge for the young people we support.

The winter of 2022 was amongst the toughest periods in our long and proud history as we continued through yet more uncertainty but with growing numbers of young people arriving weekly for support, the cumulative impact weighed heavily on our staff and those who came through our doors in search of help with housing. Our new strategy was tested by the scale of need in the build up to Christmas and the carefully curated hybrid working plans quickly being subsumed by the very real and growing numbers of young people coming to the daycentre daily. Our objectives remained correct but as with the Covid days, the means of delivering them needed revisiting constantly. There was, yet again, a period of starting over.

Exiting the pandemic, we knew youth homelessness was on the rise and with an estimated 36,000 young people facing periods with nowhere to call home last year – a double decker buses worth every single day - we took our fight to the streets in October as part of our #StopTheBus campaign, thrusting upon politicians the scale of the issue through our bright pink bus and challenging them to do more.

As I write, the challenges surrounding us continue to mount and as the housing crisis in London deepens it would be easy to be despondent. But our story has always been one of hope and my time in the centre is always a reminder of that. Whatever obstacles the world puts in front of young people, they navigate them. The harder the challenges, the more young people are motivated to overcome them. We are reminded daily that you should never underestimate the potential of young people. Together we will always find a way.

And as the challenges mount so too does our gratitude for the loyal and growing number of supporters that make our work possible. Our sincere thanks go to them for their steadfast support through some of the most complex years in our history.

My heartfelt thanks go also to our leadership team, staff and my fellow trustees whose commitment to our mission and young people is both unwavering and appreciated immensely. Thank you for ensuring young people’s potential has a home.

Matthew Reed Chair of the Board of Trustees

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

About New Horizon Youth Centre

Every year, thousands of young people across the Capital become homeless through no fault of their own. That’s why New Horizon Youth Centre exists.

We are a vital support network for 16-24 year olds with nowhere else to go. Through the services we provide at our day centre, via outreach and remotely, our multidisciplinary team of 50 staff support thousands of young people experiencing homelessness in London to find safety, improve their wellbeing, develop skills for life and ultimately find somewhere that they can call home.

For as long as young people are homeless and unsafe in London, we will be on a mission to give their potential a home.

We deliver this mission through three strategic objectives:

Delivering high quality, trauma-informed services for any young person that needs our support (Services)
Working with and through others to optimise our offer and maximise our impact (Partnerships)
Saying what others won’t say and doing what other won’t do to ensure that no single young person misses out, even the young people we will never meet (Policy, learning and comms)

Delivering these by:

Sustaining a well-run organisation that invests in staff and celebrates the diversity that makes us a success

And our work is guided by four values:

We see the best in everyone - We all have strengths and the potential to make the best of our life and work, when given a fair chance
We are dynamic in our approach - We are always adapting because the world changes and what young people need and want changes
We collaborate on solutions - We trust and work with diverse people and organisations so that we can achieve more together
We are our word - We will do what we say we will because the young people we support, our team and our partners deserve nothing less

New Horizon was founded in 1967 to address the needs of young people who were involved in drug misuse in the West End of London. 56 years later we are still working with young people in London, now with a much wider scope. During these five decades the centre has continued to provide a safe space for young people experiencing homelessness in the Capital, whether that was in our original base in Covent Garden or through our existing home in Somers Town, Kings Cross.

Although a lot has changed over that time, our work is as necessary as ever. In response to this we have steadily grown from a team of 3 when the daycentre first opened to today’s diverse and multi-disciplined team of over 50 staff, delivering a wide range of wraparound services. If housing is the hook for young people to come to New Horizon, then it is our holistic offer that keeps them coming back, providing the stability, safety and support they need to start to rebuild their lives.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

Our approach to fundraising

New Horizon Youth Centre greatly values the support we receive from individuals, organisations, companies and funders, and we take none of this for granted. We literally could not do what we do without them.

We have grown from humble beginnings into a dynamic organisation that isn’t afraid to say what others won’t say and do what others won’t do. And although we have a proud history of going against the status quo, our values are sacrosanct, guiding and ensuring that we fundraise in the most ethical way.

Raising money to deliver our mission is a constant and evolving challenge. Nevertheless, we aim to work to our values to operate in a legal and ethical way which meets not only the law, fundraising regulation and best practice, but also the standards that young people would expect of us.

We have a responsibility to our donors and community to not only protect and respect, but be open and transparent. The Trustees are considering an Ethical Fundraising Policy which will set out how we manage ethical issues and social responsibility within our fundraising and investment processes, including the acceptance and refusal of donations to the charity.

Our income comes from a wide variety of sources; however, our typical activities include:

Requesting support from grant-making trusts or organisations
Applying for national or local government funding
Asking for voluntary donations at events, including our annual summer reception
Forming partnerships with community groups, companies and other organisations who choose to support our work in a variety of ways
Offering opportunities for individual supporters to take part in challenge events or other fundraising events on our behalf
Communicating with our supporters and individuals who have asked to be kept informed about our work
Approaching individuals who may be interested in our work

We do not:

Conduct regular gift, face-to-face fundraising on the street
Canvas door-to-door
Send out direct marketing mail to people unknown to us
Contact former service-users or their families regarding fundraising activity, unless they have specifically asked to be contacted.

We have never received any complaints about our fundraising activities and as a signed up member with the Fundraising Regulator we constantly monitor internally our fundraising processes and activities to ensure they are reasonable. We closely monitor the impact that any of our activities could have on vulnerable people.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

Achievements and performance

We have made strong progress on delivering our new strategy and building a resilient organisation in extraordinarily hard times. We’re particularly proud of our recruitment efforts, new Theory of Change and new Youth Hub as well as the achievements outlined in the report below.

2022-23 was a year of two halves. We spent the first six months in COVID-19 mode, with limited numbers admitted to our day centre and a scaled back service to protect our staff and young people from the virus. The second half saw us transition out of the pandemic, relaxing precautions, services rapidly re-opening and a massive escalation in need across the city. This transition is mirrored in the numbers of young people who we worked with, which won’t be as consistent as in previous years.

Some things remained true throughout, including the simple fact that every young person we interact with has a housing need, whether that’s current or impending homelessness or experiencing danger or distress in their current home. This has been, and continues to be, exacerbated to scales we haven’t seen in decades. The effect of the pandemic and the Cost-ofLiving crisis are both driving this and we have maintained our hybrid offer alongside growing our in-person services to meet this level of need.

Despite these compounding issues around housing, equity and safety, our team have gone above and beyond in a really difficult time. Below we lay out these achievements, as well as the barriers we’ve come up against and how we’re responding to give every young Londoners’ potential a home.

Delivering high quality, trauma-informed services for any young person that needs our support

Young people continued to be pushed into dangerous and desperate situations by the ongoing effects of the COVID-19 pandemic and the newly emergent cost of living crisis, with the need for our services growing. Although the year started with delivery being mindful of social distancing, with facemasks still the norm, it quickly got back to pre-pandemic operating, with the 40+ young people daily that we had thought may be a thing of the past in a new hybrid way of working.

This year we worked with 1,146 young people, with 37% identifying as female, 56% as male, 73% as black, Asian or minority ethic and 14% as LGBTQ.

Refocusing our services around four key outcomes areas (Housing, Safety, Life-skills, and Health) to help us specialise further and grow our impact.

At the start of the year, following the release of our new strategy, we slightly restructured our services team to better fit our new service strategy and allow for a period of growth. No staff were made redundant during this process. Our team have settled into the new structure well, with recruitment running well across our services. Clearer remits and reporting structures are making cross team work more effective and having specialist posts such as the Youth Voice Worker and Referrals Assistant have meant we can provide better communication between young people and teams.

Across the 2022-23 financial year our Housing team were in constant demand, working directly with 492 young people who benefitted from 2,456 advice appointments. 211 young people were placed in emergency accommodation and 171 were able to secure longer term housing.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

Systemic inequities and pressure on housing stock and many people’s financial stability continue to push young people into stressful or unsafe situations. Our Safety team deliver some of the most comprehensive support in the UK for young people affected by the criminal justice system as well as delivering frontline street, prison and community outreach. In 2022-23 they worked with 265 young people, 70 of whom received help while in prison and 72 of whom engaged with our twice weekly street outreach services. During the second half of the year and during the 2023-24 year so far we are seeing massive issues around securing move on accommodation from temporary or emergency placements and a massive reduction in affordable private rented housing stock across the city. We anticipate this continuing to be a significant barrier to already stretched services such as ours.

We know that simply getting keys to a property, whether short or long term is only the first step in sustainably solving someone’s homelessness. We work with many young people who have struggled to access other services for support. This is often due to young people’s needs not being understood or met and young people not being given the tools they need to take care of or advocate for themselves. We aim to equip young people with the skills they need to maintain positive and independent lives so we scaled up our life skills offer in 2022-23. 559 young people engaged with our Life Skills programme, our highest number for years, 143 of whom attended an Independent Living workshop, 120 completed our communication skills workshop and 177 receiving Jobs, Education and Training support.

Creating a brand-new Health offer and optimising the scale of our housing offer to address these continued areas of significant need.

Mental and physical health are both enormously tied to homelessness and injustice, both as cause and consequence. We have offered some health services in the day centre and via advocacy for decades, but as part of our 2022-25 strategy, we decided to scale this offer up to try and meet the huge level of need. Last year we continued to see a lot of young people with complex needs at a time when there’s been a significant drop in services that can work with those young people. Scaling up our health offer was a crucial choice by our team to make sure we can keep providing excellent services to everyone who needs them.

In 2022-23 our Health team increased to include a second Counsellor, doubling our counselling capacity. We were able to hire a male counsellor alongside our female worker to give young people a choice to speak to who they felt most comfortable with. We also began recruitment for a Services Manager for the Health team. 507 young people improved their mental health through 514 counselling sessions and 174 improved their mental health from 145 consultations from our nurse.

Our new Theory of Change

If we want to support young people to be safe, healthy, equipped and housed, we need to know what works and doesn’t work, why, and how to prove it. Having a Theory of Change means we can better measure and communicate the difference we make – whether it’s for the young people we support directly or the young people we may never meet.

As well as helping us clarify young people’s key outcomes and strengthening our evaluation, the process of developing our Theory of Change has brought staff together; all teams were involved in creating a cohesive and purposeful definition of our work. That included the work we already do – and do really well – and work we’re aspiring towards and learning how to do better. We’re really proud to have developed a Theory of Change that is true to what young people believe make New Horizon a success and that the language it uses reflects that matters to them.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

Redefining the welcomes into our services so that we can build trust and ensure young people get the support they want and move on.

As part of our efforts to ensure young people can quickly access the support they need in a consistent way we moved to a central point of referral for all young people engaging in the centre’s services. The same process was applied to young people accessing the London Youth Gateway.

At the end of the year this work was taken on formally through a dedicated post, a brand new Referrals Assistant who acts as the first point of contact for our young people dealing with incoming referrals via different channels including self-referrals, professionals, the London Youth Gateway, telephone calls and emails.

Working with and through others to optimise our offer and maximise our impact

Unprecedented challenges have led to the need for unprecedented ways of working. More than ever the need and desire to work in partnership has come to the fore, as we share resources, spot gaps and come together to design solutions. In the 2022-23 year we have invested more resources to deliver quality partnership work and strengthen our reputation across the statutory and third sectors for our collaborations, including our landmark project; the London Youth Gateway.

Continuing to invest in the London Youth Gateway youth homelessness partnership, scaling its reach and finding more ways to collaborate.

We have now been running the London Youth Gateway (LYG) for a decade, reaching tens of thousands of Londoners and ensuring young people get the appropriate support in the least intrusive way. We were proud to be awarded a new, 4 year grant award from London Councils to continue this work. The LYG expanded for this new iteration, welcoming immigration and refugee charity Praxis into the partnership to deliver advice and advocacy. During 2022-23 our focus for LYG was building this new iteration of the partnership around a stronger central point of access. We did this by building a new website and self referral form to offer young people a simple and trauma informed path into services.

Revitalising our centre as a hub that provides both drop-in and specialist services via our team and a network of committed partners that share our values.

The new ways of working during the pandemic enabled more people to access New Horizon but stopped others from engaging. As a result, we saw changes to our service user demographics, with growing numbers of young women (37% of all users) and growing numbers having faced rough sleeping (33%).

As we emerged out of the pandemic, we experimented with specialist opening times so that on Tuesdays and Wednesday afternoons young people who needed dedicated one to one support and young women respectively could use the centre’s dedicated resources. We also continued to grow our Men’s space on Friday afternoons and in the spring began planning a drop-in specifically for young migrants with our partner, Praxis.

More deliberately sharing best practice with partners and statutory agencies so that more professionals are equipped with the skills and knowledge to help.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

In June 2022 New Horizon Youth Centre worked with Haringey Council, Project Futures and Gateway to put on an event at Tottenham Hotspur’s stadium called ‘Tackling youth homelessness in the capital – together’. This involved some of the other London Youth Gateway partners and brought together staff from across the statutory, local authority and third sectors to share learning, discuss best practice and start to find solutions to tackle some of the barriers young people face.

With these Communities of Practice (CoP) now drawing to a close, we have reviewed their impact. The work of the groups has been significant, both in its impact on those of us attending who have really valued the space to meet with our counterparts across boroughs and sectors; and also in the outcomes that have resulted.

Particular highlights since the summit last year that the CoPs have contributed to are:

London Councils and GLA’s dedicated youth workstream of the Life Off The Streets project;
The SHAP programme has a strong youth focus in part arising from our work;
The pan-London Youth Hub now has confirmed funding;
New relationships have developed between CoP members, across boroughs and organisations.
Work to establish a Youth Advisory Panel has started and is ongoing. This is rooted in Haringey at the moment but with intentions to expand this further.

Saying what others won’t say and doing what other won’t do to ensure that no single young person misses out, even the young people we will never meet

Prioritising services where needs exist without solutions, working with others to innovate and bring these issues to public attention.

Following a successful pilot in Hounslow with a 98% success rate in preventing rough sleeping, we took our pilot of our emergency accommodation ‘Hotel 1824’ to a new 26-bed site in Islington. This new service, known now as the Youth Hub continues to be delivered in partnership with Depaul UK, designed and run specifically for young Londoners either currently or at risk of being forced to sleep rough, supported as before by the GLA and London Councils.

Several partners and statutory services refer young people into the project. Young people from across nearly each of the London boroughs have benefitted from this essential provision. In 2022-23 following its opening in November, 56 young people from New Horizon were housed in the Youth Hub. The project was also shortlisted for several awards.

Redoubling our policy work and building our evidence to put ‘grit in the system’ and ensure that the issues affecting young people are understood and acted upon.

The rebrand and new website

In line with our new strategy and increased presence, we reviewed our branding and website. Both were found to be out of date with our current work and culture, particularly our website, which didn’t have the functionalities we needed for our new hybrid working model.

We were fortunate to be partnered with Havas UK for two years, who provided us with extensive pro bono work from Havas London, a world leader in media and communications. Our Policy, Learning and Comms team worked closely with Havas London to run a learning

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

exercise with every team at New Horizon Youth Centre as well as groups of young people, trustees and our funders. This was used as a basis for a new brand, which was then rolled out across all of our platforms in late 2022. We delivered our rebrand on a very small budget thanks to generous support from the Havas team and other supporters.

We also built a new website from scratch with web agency Huxley Digital, to create something in line with our new brand, true to who we are and accessible to as many young people as possible. We built the website to launch along with our new brand and our #StopTheBus campaign (as mentioned below.) Our new website contains better forms for young people to make self-referrals as well as a professional referral form. The website is much more accessible and easier to update.

#StopTheBus

From 1-10 October every year, in the lead up to World Homelessness Day, we run a campaign in the King’s Cross area to raise awareness of and funds for youth homelessness. Through the #NH10Days campaign, we champion the rights of young people experiencing homelessness and ask our local community to support our work. For our 2022 campaign we went big, launching our new brand and website along with a bigger campaign than anything we’ve ever run before.

We placed a custom wrapped double decker bus in Granary Square for the duration of the campaign to draw attention to the fact that enough young people to fill every seat of a bus are being pushed into homelessness every day in London.

The bus functioned as an exhibition and events space where we met with key stakeholders from the GLA and business leaders as well as the general public. We saw positive engagement with our campaign messaging and have received several partnerships and donations as a result, as well as being able to advance our public affairs and influencing work.

Our Policy and Public Affairs work

Alongside the #StopTheBus campaign and rebrand work, we worked in partnership to increase our policy and public affairs knowledge and skills. We’re proud to have collaborated with several other charities to create a new chapter in the Homelessness Code of Guidance specifically about victims of violence, including young people affected by Serious Youth Violence.

We often sign onto other campaigns and open letters about legislative or structural change, and developing our knowledge and skills in this area is a key part of our 2022-26 strategy. Our Policy, Learning and Comms team has been expanding and learning, with our biggest campaign to date launching in June 2023, much of the ground work for which was laid during 2022-23. We’re excited to share more about that campaign and its impact in our next report.

Working with young people to reframe the narrative around youth homelessness, ensuring that they have the right platform to campaign for change.

Youth voice has always been central to what we do, but we haven’t always had intentional and consistent structures in place for youth input and the pandemic forced us to scale back our offer and gave us pause to think about what we wanted to do going forward. We decided to create capacity specifically for this purpose, creating the post of Youth Voice Worker who engaged over 55 young people in youth voice activities during the year.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

Sustaining a well-run organisation that invests in staff and celebrates the diversity that makes us a success

Writing our new strategy, we knew that 2022 would bring unprecedented challenges for our staff and partners, and that the year would continue to be tough for the team. As a result, staff care was central to our thoughts as we endeavoured to do more than ever to look after our employees and ensure we were all supported and connected.

Making good on our commitment to be anti-racist, embedding diversity across our work and practice.

Our pursuit to become an anti-racist organisation continued throughout the year, again being driven on by a Board Diversity Committee, Staff Diversity Group and a collectively owned Diversity Action Plan.

During the year we made further progress embedding diversity into inductions, supervisions and appraisals, ensuring it was a live and lived experience for colleagues. Our Board ‘Listening Group’ continued to offer a safe space for staff to share their views directly with Trustees and again resulted in clear feedback and actions that have moved our agenda on considerably. The second iteration of the Diversity Leadership Programme, a package of support, coaching and training for three staff, was again a highlight receiving plaudits from those who took part.

Renewing our staff care and investing in our technology and facilities so that the team have the practical and emotional support they need to thrive.

We continued to evolve both the physical centre for hybrid working and our IT for better remote working, with significant improvements taking place to our SharePoint access and remote facilities. During the year we invested in better tech for meeting spaces, enabling far better hybrid access for staff dialling in to centre based meetings. This has significantly improved internal communications through access to all staff meetings.

In the year we also moved to quarterly all staff away days as a means of better connecting and informing colleagues, and these days have proven a success thus far in between less formal staff meetings every six weeks. Our Head of Health has been working closely with the Director of Operations on staff support during the year, ensuring reflective practice, clinical supervision and where needed, coaching is available and accessed by staff. During the end of the year, both began work with the staff on a new wellbeing policy to codify and develop this offer.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

Future plans

When we launched our new strategy in April 2022, we did so after a period of sustained intensity and disruption. We knew that the COVID-19 pandemic was ending but the warning signs of a new set of crises were already becoming clear. Change has, again, been the only consistency.

One year into our strategy, we enter another period of uncertainty as the cost-of-living crisis crashes up against the very real and long-lasting housing crisis within the capital, driving up homelessness in London and compounding the challenges faced by young people here. We are already seeing a significantly heightened demand for our services and despite growing the services team ready for increased levels of need, we find our services consistently oversubscribed with far more people in need each day than we can support.

Once again the severity of the situation demands a bigger response than we might previously have conceived necessary, and with the current daycentre reaching capacity limits we know that this response will have to be bolder than we might have imagined both in our service response as well as our policy one.

With this in mind, the Trustees have committed to an increased budget for 2023, again growing the capacity of our frontline outreach, housing and youth work teams. Alongside this, and emboldened by the success of our #StopTheBus campaign, we have further strengthened our policy and communications resources as we prepare for the General Election with an attempt to unite the sector behind a collective campaign for youth homelessness.

The year will be another pivotal one and, it would increasingly seem, one that might mark a new era for the organisation. Now in our 56[th] year, there is a sense that we might soon to be emerging into our third life chapter; the first 28 years being in the West End, the second 28 within Kings Cross. And whilst we have no intention of leaving our Camden base, there is a growing sense amongst us that we may have to do more. The need is certainly there, and with the deliberate building of both partnerships and income, we believe the opportunity is there too.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

Financial review

The results for the year are set out in the Statement of Financial Activities on pa ge 25.

Despite the continued societal turbulence and financial uncertainty, New Horizon Youth Centre had a stable year of financial performance, delivering a small surplus on unrestricted funds when it set out to achieve a break-even budget.

During the year we continued to benefit from support from a wide range of statutory sources and charitable trusts and continued to see success in developing support from corporates and individuals, again with strong returns from our high-net-worth donor programme. In the year under review, reliance on funding from statutory sources, including London Councils and Camden Council, decreased to £1,152,762 (2022: £1,465,015), largely owing to the planned ending of a larger grant from Greater London Authority for our Outreach Team. As a result, income from charitable trusts was also higher this year and stood at £1,295,358 (2022: £1,160,420). Income from donations and gifts was also higher with £366,832 raised in year (2022: £202,123).

The Board of Trustees remain confident in its ability to continue to raise funding from the public, private and voluntary sectors because of the respect New Horizon Youth Centre commands in the sector and through our strong relationships with supporters. As such, and with rising levels of need and a new strategy underway, it plans for a period of more ambitious growth with increases to its level of service planned for the medium term.

Investment Powers and Policy

In 2015, the Board of Trustees made a resolution to invest excess liquid funds, essentially set aside as a reserve buffer, with a reputable investment manager with a view to providing a return better than that available as a cash deposit. Rathbone s Investment Management were appointed and the investment policy laid down is as follows:

An investment objective to achieve a total return of “normalised” CPI of 2% plus 2% after costs
A risk tolerant attitude measured as one third of the volatility of the FTSE All Share Index
A medium to long term investment, namely 3-5 years
Income generated to be distributed as received
The portfolio to have regard of the ethical views of the Board of Trustees

During the financial year the portfolio gained ground and income returned £11,667 (2022 - £9,753) to New Horizon, which was above the £10,000 objective. There were unrealised losses on capital values of £21,663 (2022 - gain of £12,781) at a cost of £4,314 (2022 - £3,308).

Reserves policy

New Horizon Youth Centre is funded in a number of different ways, including significant grants and donations from a variety of sources and healthy levels of unrestricted income, including through the rental income on our accommodation projects. These diverse income streams mean we are not reliant on a single source of funding and are unlikely to see all of our income withdrawn at the same time.

The Trustees of New Horizon Youth Centre therefore base their reserves policy on the identified needs to:

Mitigate the risk of unforeseeable expenditure, with regard to the upkeep of our daycentre which requires ongoing maintenance (estimated at £50,000)

New Horizon Youth Centre Trustee’s report For the year ended 31 March 2023

Provide sufficient working capital for the following year, particularly to provide against a downturn in income generation and an uncertain fundraising and operating environment
Invest in innovation, developing new areas of work and organisational development, strengthening our ability to meet the demands of our work (estimated at £750,000 or equivalent to 3 months running costs)
Ensure that if needed, sufficient funding remains for a managed closure of the charity (estimated at £690,000)

In line with our Reserves Policy the Trustees have examined the requirement for free reserves, namely those unrestricted funds not invested in tangible fixed assets, designated for specific purposes or otherwise committed. The Trustees of New Horizon Youth Centre therefore believe that free reserves should total £1,490,000. This should be regularly reviewed to ensure that it meets the organisation’s changing needs and circumstances.

As of 31 March 2023, unrestricted funds stood at £1,582,188, of which £1,206,474 are free reserves, representing 81% of our target reserves level. Having reviewed this, and in consideration of our strategic ambitions for the year ahead with designated funds set aside as additional means of achieving these, the Trustees consider this to be an appropriate level of reserves for the organisation at this time.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

Risk management

New Horizon Youth Centre maintains a risk register to identify and manage the risks facing the centre and our work. The charity has established systems to enable regular reports to be produced so that the necessary steps can be taken immediately to mitigate any significant risks and our risk register is reviewed quarterly by our Leadership Team and every four months by our Audit and Risk Committee. The Board of Trustees has examined this and the key risks facing the organisation are detailed below:

• We have formal and robust safeguarding policies and procedures in place which are reviewed annually and driven through an internal Safeguarding Action Plan. • Safeguarding is managed by three Designated Officers who have all undergone training and is led by our Director of Operations. • All employees and volunteers at New Horizon complete an internal safeguarding induction within their first two months. This internal Safeguarding training is then supplemented by mandatory annual safeguarding the young training for all employees, delivered by outside specialists. people we are • Delivery staff take part in bi-monthly refresher training which is supporting tailored to the emerging safety and safeguarding needs within the service. • Safeguarding forms a part of our daily practice and is often a focus on our twice daily staff de-brief and reflective practice meetings. • We apply criteria for refusing services to young people because of risk. • New hybrid way of working established with remote and face to face offers in place for young people and better technology for staff working across multiple locations. • New Horizon’s Leadership Team spend focussed time on change management in planning and regularly review during their monthly Ensuring we meetings. can continue • Evolved our staff team and structure to strengthen front line delivery to deliver our and management capacity so we can quickly identify challenges and mission in fast opportunities and act accordingly. changing and • Wellbeing plans have been developed and actioned in consultation with challenging the team and led by our new Health team. times • Specific cost-of-living crisis interventions have been put in place to support young people, including through a winter relief grants scheme. • Diversity Working Group and Staff Diversity Group making good progress on EDI plans and delivering an evolving diversity action plan. • Contributing to government consultations on homelessness and discussing the issue with policy makers and larger homelessness Securing charities. accommodation • Recording data on accommodation outcomes and welfare benefits for young impact to make cases for more options. people during • Developing property options through partners in PRS, supported an ongoing projects and also with Housing Associations. housing crisis • Building stronger relationships with Housing Options teams through the London Youth Gateway.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

Fundraised for an emergency fund to support destitute young people experiencing homelessness.
Secured funding from DLUHC and GLA for next phase of Youth Hub (formerly Hotel 1824) to accommodate young rough sleepers.

Structure, governance and management

Governing A document

New Horizon Youth Centre is a charity and company limited by guarantee incorporated on 11 October 1978 and governed by its Memorandum and Article of Association. In 2016 the directors of the company, comprising all of the Board of Trustees – each of whom is a Trustee of the charity for the purposes of the Charity Commission – adopted a revised Memorandum and Articles of Association.

All of the members of the Trustee Board are also members of the Company and undertake to contribute £1 to the company in the event of winding up whilst members, or within one year of ceasing membership. Furthermore, membership of the company is by invitation by the Board only, such invitation to require a simple majority. The Articles stipulate that there shall be a minimum of five directors but, unless otherwise determined by ordinary resolution, there is no maximum number.

Organisation

The Trustees have ultimate responsibility for the governance, strategy and direction of the centre. Operationally the Trustees have appointed a Chief Executive to manage the day to day operations of the charity, along with their Leadership Team. The Board ensures that the Chief Executive is appraised annually and their salary assessed in line with the sector norms taking comparisons based on size, budget and field of practice from similar organisations in the region.

The Board of Trustees meet six times per year for formal meetings as well as an annual away day. The work of the Board is supplemented by three sub-committees:

Our Audit and Risk Committee ensures a more detailed focus is in place around risk management and safeguarding.
Our Diversity and Organisational Development Committee oversees our equity, diversity and inclusion plans as well as providing scrutiny on staff care and people practices.
Our Finance Committee gives further support and scrutiny to our finances and is Chaired by the Treasurer with four additional members, including the Chair of Trustees.

New Terms of Reference have been drawn up for all committees and our scheme of delegation was amended to ensure clarity on reporting lines and authorities. The Trustees retain sign-off of the strategic direction of the charity and key financial matters, including the budget.

Charitable objects

The charity’s objects are specifically restricted to the following:

The relief of young people who through sickness, poverty or distress are in need of care and attention (which young people hereinafter are called “the beneficiaries”)
The advancement of the education and training of the beneficiaries including their

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

rehabilitation (where appropriate) and advancement in life; and

In the interests of social welfare, the provision of facilities for the recreation or other leisure-time occupation of the beneficiaries so as to develop their physical, mental and spiritual capacities and so that their conditions of life may be improved.

Public A benefit A statement

The Trustees have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission when reviewing the charity's objects, activities and plans for the future. The Trustees confirm, in the light of the guidance, that these aims fully meet the public benefit test and that all the activities of the charity, described in the Report, are undertaken in pursuit of these aims.

Appointment A of A Trustees

The Trustees undertake an annual audit of the skills required to effectively govern the charity and recruit where appropriate to provide the oversight of the company's activities and fulfil its obligations, legal and otherwise. All potential Trustees are interviewed by the Chair, Chief Executive and panel of existing Trustees and have the opportunity to observe meetings before being formally voted on to the Board. The Audit and Risk Committee has developed a comprehensive Governance Framework that provides guidance to new Trustees on their legal responsibilities. The Leadership Team provides an induction to new Trustees ensuring that they have an overview of the operations and practices within the centre.

Related parties

The Trustees have procedures in place for identifying related parties and transactions with them. Any identified related party transactions are reported on in the notes to the financial statements.

New Horizon Youth Centre Limited Trustee’s report For the year ended 31 March 2023

Board of Trustees’ responsibilities

The Trustees (who are also directors of New Horizon Youth Centre for the purposes of company law) are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and then apply them consistently
Observe the methods and principles in the Charities SORP
Make judgements and estimates that are reasonable and prudent
State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware, there is no relevant audit information of which the charitable company’s auditor is unaware.The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2023 was 12 (2021:9). The Trustees are members of the charity but this entitles them only to voting rights. The Trustees have no beneficial interest in the charity.

Sayer Vincent LLP was re-appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity.

The Trustees’ annual report has been approved by the Trustees on 3 rd October 2023 and signed on their behalf by:

Gemma Rocyn Jones Treasurer

Independent auditor's report To the members of New Horizon Youth Centre Limited

Independent auditor’s report to the members of New Horizon Youth Centre Limited

Opinion

We have audited the financial statements of New Horizon Youth Centre Limited (the ‘charitable company’) for the year ended 31 March 2023 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Give a true and fair view of the state of the charitable company’s affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure for the year then ended
Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice
Have been prepared in accordance with the requirements of the Companies Act 2006

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on New Horizon Youth Centre Limited's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the Trustees’ annual report other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so,

Independent auditor's report To the members of New Horizon Youth Centre Limited

consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

The information given in the Trustees’ annual report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
The Trustees’ annual report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
The financial statements are not in agreement with the accounting records and returns; or
Certain disclosures of Trustees’ remuneration specified by law are not made; or
We have not received all the information and explanations we require for our audit.

Responsibilities of Trustees

As explained more fully in the statement of Trustees’ responsibilities set out in the Trustees’ annual report, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will

Independent auditor's report To the members of New Horizon Youth Centre Limited

always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity’s policies and procedures relating to:
Identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud;
The internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations.
We inspected the minutes of meetings of those charged with governance.
We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
We communicated applicable laws and regulations throughout the audit team and remained alert to any indications of non-compliance throughout the audit.
We reviewed any reports made to regulators.
We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations.
We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Independent auditor's report To the members of New Horizon Youth Centre Limited

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Fleur Holden (Senior statutory auditor)

16 October 2023

For and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

NEW HORIZON YOUTH CENTRE LIMITED

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 March 2023

Unrestricted Note £ Income from: 2 - - - 3 602,470 4 366,832 5 114,933 6 19,064 1,103,299 7 371,862 7 556,490 7 - 7 106,197 1,034,549 (21,663) 19 47,087 (209) 46,878 Reconciliation of funds: 1,535,310 1,582,188 68,750 Net (losses)/gains on investments Total funds carried forward Transfers between funds Total funds brought forward Net movement in funds Net income / (expenditure) for the year Grants from Charitable Trusts Cost of raising funds Total expenditure Net income / (expenditure) before net gains on investments Charitable activities Services Partnerships Investments Total income Expenditure on: Other trading activities Donations and gift aid Policy, learning & campaigns Charitable activities Grants and donations Policy, learning & campaigns Services Partnerships	Restricted £ 965,739 938,762 115,014 - - - -	Unrestricted £ - - - 578,934 202,123 101,064 9,886	Restricted £ 894,627 1,019,716 134,958 - - - -	2022 Total £ 894,627 1,019,716 134,958 578,934 202,123 101,064 9,886
1,103,299	2,019,515	892,007	2,049,301	2,941,308
371,862 556,490 - 106,197	- 1,102,120 938,762 115,014	190,143 474,300 6,453 6,006	- 951,077 1,019,716 134,958	190,143 1,425,377 1,026,169 140,964
1,034,549	2,155,896	676,901	2,105,751	2,782,652
(21,663) 68,750	- (136,381)	12,781 215,106	- (56,450)	12,781 158,656
47,087 (209)	(136,381) 209	227,887 -	(56,450) -	171,437 -
46,878 1,535,310	(136,172) 810,085	227,887 1,307,423	(56,450) 866,535	171,437 2,173,958
1,582,188	673,913	1,535,310	810,085	2,345,395

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 20a to the financial statements.

NEW HORIZON YOUTH CENTRE LIMITED

Company no. 01393561

Balance sheet

As at 31 March 2023

£ 564,962 1,548,552	2023 £ 593,226 513,185	£ 362,163 1,513,514	2022 £ 658,514 539,171
	1,106,411 1,149,690		1,197,685 1,147,710
2,113,514 (963,824)		1,875,677 (727,967)
375,714 1,206,474		380,149 1,155,161
	2,256,101		2,345,395
	673,913 1,582,188		810,085 1,535,310

	2,256,101		2,345,395

Approved by the trustees on 3rd October 2023 and signed on their behalf by

Matthew Reed Chair of the Board of Trustees

Gemma Rocyn Jones Treasurer

NEW HORIZON YOUTH CENTRE LIMITED

Statement of cash flows

For the year ended 31 March 2023

£ £ (89,294) 102,595 21,663 (19,064) 2,647 (202,799) 235,857 51,605 19,064 (39,954) 38,752 (34,429) (16,567) 35,038 1,513,514 1,548,552 At 1 April £ 1,513,514 1,513,514 2023	£ £ (89,294) 102,595 21,663 (19,064) 2,647 (202,799) 235,857 51,605 19,064 (39,954) 38,752 (34,429) (16,567) 35,038 1,513,514 1,548,552 At 1 April £ 1,513,514 1,513,514 2023	£ £ 171,437 102,455 (12,781) (9,886) 688 (273,735) 366,769 344,947 9,886 (9,765) 47,882 (43,514) 4,489 349,436 1,164,078 1,513,514 Cash flows At 31 March £ £ 35,038 1,548,552 35,038 1,548,552 2022	£ £ 171,437 102,455 (12,781) (9,886) 688 (273,735) 366,769 344,947 9,886 (9,765) 47,882 (43,514) 4,489 349,436 1,164,078 1,513,514 Cash flows At 31 March £ £ 35,038 1,548,552 35,038 1,548,552 2022
19,064 (39,954) 38,752 (34,429)		9,886 (9,765) 47,882 (43,514)
		Cash flows £ 35,038
	35,038 1,513,514		349,436 1,164,078
	1,548,552		1,513,514
	At 1 April £ 1,513,514		At 31 March £ 1,548,552
	1,513,514	35,038	1,548,552

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements

For the year ended 31 March 2023

1 Accounting policies

a) Statutory information

New Horizon Youth Centre Limited is a charitable company limited by guarantee and is incorporated in England and Wales.

The registered office address and principal place of business is 68 Chalton Street, London, NW1 1JR.

b) BasisAofApreparation

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the CompaniesAActA2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

d) GoingAconcern

The charity meets its running costs from grants and donations received. The nature of the charity's operations is such that there can be unpredictable variations in the timing and amount of cash inflows. The trustees have prepared projected cash flow information for the period up to 31 March 2025 and beyond and the cash inflows assume receipts of donations which, owing to their nature, cannot be quantified, both in respect of timing and amounts, with any certainty. These have been included in the projections on the basis of amounts received in the past years and expected to be received up to 31 March 2025 and beyond.

On the basis of this cash flow information, the trustees consider that the charity will continue in operational existence for the foreseeable future. In forming this assessment, the trustees have taken into account the impact of cost of living crisis on the finances and operations of the charity.

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements

For the year ended 31 March 2023

1 Accounting policies (continued)

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

f) Donationsaofagifts,aservicesaandafacilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements

For the year ended 31 March 2023

1 Accounting policies (continued)
i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds relate to the costs incurred by the charity in attracting voluntary income, and those incurred on activities that raise funds. They include an allocation of the senior worker's cost most closely involved in this activity.
Expenditure on charitable activities includes costs incurred on the Charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
Other expenditure represents those items not falling into any other heading

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Grants payable

Grants payable are made to third parties in furtherance of the charity's objects. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and that any condition attaching to the grant is outside of the control of the charity.

k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £700. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Long-term leasehold property
Office equipment

Over the life of the lease, currently 20 years Straight line over 4 years

Listed investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading “Net gains/(losses) on investments” in the statement of financial activities. The charity does not acquire put options, derivatives or other complex financial instruments.

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements

For the year ended 31 March 2023

1 Accounting policies (continued)

l) Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash held with the investment broker is included in investments.

n) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

o) Pensions

The charity operates a defined contribution scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2 Income from charitable activities

Services Partnerships Policy, Learning & Campaigns Total income from charitable activities	2023 £ 965,739 938,762 115,014 2,019,515 Restricted	2022 Restricted £ 894,627 1,019,716 134,958
		2,049,301

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements

For the year ended 31 March 2023

London Councils grant

In accordance with the London Councils grant funding, the following disclosures are made:

The grant received from the London Councils has been utilised as specified in the terms of the LYG partnership agreement in accordance with Section 37. The following table illustrates how money was allocated across the partnership and that it has been used for the purposes outlined in the funding agreement:

Grantor: Project: London Councils London Youth Gateway

Partner New Horizon Youth Centre Stonewall Housing Albert Kennedy Trust Galop Shelter Depaul UK Praxis Total	Grant received £ 371,497 106,079 31,050 20,247 53,959 299,983 55,947 938,762	Grant spent £ 371,497 106,646 32,233 20,247 66,917 293,462 55,947
		946,949

Note that Shelter recorded an overspend of £12,958. This deficit is met by Shelter with no liability to New Horizon Youth Centre.

The following table illustrates how the total grant was spent in accordance with the purposes outlined in the funding agreement:

funding agreement:
Staff costs Beneficiary costs Overheads Other direct costs Total	Grant received £ 740,418 15,492 55,904 126,948 938,762	Grant spent £ 776,653 11,135 112,105 47,056
		946,949

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements

For the year ended 31 March 2023

Income from grants from charitable trusts

3. Income from grants from charitable trusts
Grants from charitable trusts 4 Donations - individuals Donations - companies Legacies Gift aid 5 Accommodation project (Vista rental income) Fundraising income Other income 6 Income from donations and gift aid Income from other trading activities Income from investments Bank interest Income from investments	2023 £ 602,470 2023 Unrestricted £ 118,564 234,875 - 13,393 366,832 2023 Unrestricted £ 50,786 58,476 5,671 114,933 2023 Unrestricted £ 11,667 7,397 19,064 Unrestricted	2022 Unrestricted £ 578,934
		2022 Unrestricted £ 117,955 59,845 10,000 14,323
		202,123
		2022 Unrestricted £ 54,068 20,904 26,092
		101,064
		2022 Unrestricted £ 9,753 133
		9,886

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements

For the year ended 31 March 2023

For theyear ended 31 March 2023
7a Cost of raising funds 247,835 366 366 830 - 28,815 - - - 278,211 89,395 4,256 371,862 190,143 Analysis of expenditure (current year) Staff costs (Note 9) Young People Direct costs Centre direct costs Other running costs Finance and legal costs Comms and fundraising Premises costs IT and communication costs Other support costs London Youth Gateway Partners Depreciation Support costs Governance costs Total expenditure 2023 Total expenditure 2022 £	Charitable activities		Support costs 225,509 44,503 - 102,258 50,821 24,380 - 102,596 550,068 (550,068) - - - £	Governance costs £ 9,519 - - - 16,670 - - - - - -	2023 Total £ 2,000,827 125,455 37,625 84,881 61,173 33,163 102,258 50,821 24,380 567,265 102,596 3,190,445 - - 3,190,445	2022 Total £ 1,665,656 126,394 10,834 144,567 58,053 8,115 78,941 58,180 19,372 510,085 102,455
	Services 1,072,239 120,359 37,078 38,506 - - - - - 1,268,183 371,026 19,401 1,658,610 1,425,377 £	Partnerships Policy, learning & campaigns £ 320,919 124,806 4,220 510 143 38 9,747 35,798 - - - 4,348 - - 567,265 - - - 165,500 902,294 53,179 36,468 2,532 - 221,211 938,762 140,964 1,026,169 £
				26,189 - (26,189)		2,782,652 - -
				-		2,782,652
				-

NEW HORIZON YOUTH CENTRE LIMITED Notes to the financial statements For the year ended 31 March 2023

7b Analysis of expenditure (prior year)

Charitable activities

Staff costs (Note 9) Young People Direct costs Centre direct costs Other running costs Finance and legal costs Comms and fundraising Premises costs IT and communication costs Other support costs London Youth Gateway Partners Depreciation Support costs Governance costs Total expenditure 2022	Cost of raising funds £ 163,533 - - - - 6,090 - - - - - 169,623 18,241 2,279 190,143	Services Partnerships 764,242 448,835 116,079 9,830 9,598 1,157 136,068 7,525 - - - - - - - - - - 510,085 - - 1,025,987 107,736 382,020 29,088 17,370 4,140 1,425,377 140,964 £ £	Policy, learning & campaigns £ 104,173 485 78 974 - 2,025 - - - - -	Support costs 176,204 42,933 - 78,941 58,180 19,372 - 102,455 478,085 (478,085) - - £	Governance costs £ 8,669 - - - 15,120 - - - - - -	2022 Total £ 1,665,656 126,394 10,834 144,567 58,053 8,115 78,941 58,180 19,372 510,085 102,455
			977,433 48,736 -		23,789 - (23,789)	2,782,652 - -
			1,026,169		-	2,782,652

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements For the year ended 31 March 2023

8 Net income / (expenditure) for the year

This is stated after charging / (crediting):

This is stated after charging / (crediting):
	2023	2022
	£	£
Depreciation	102,595	102,455
Loss or profit on disposal of fixed assets	(2,648)	688
Operating lease rentals payable:
Property	36,600	36,600
Auditor's remuneration (excluding VAT):
Audit	14,500	12,600
Other services	2,500	-

9 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows:

Staff costs were as follows:
Other staff costs Salaries and wages Social security costs Employer’s contribution to defined contribution pension schemes Staff recruitment costs Temporary staff and consultants	2023 £ 1,606,352 168,220 85,152 53,588 24,892 62,623	2022 £ 1,356,070 133,958 72,681 24,905 30,570 47,472
	2,000,827	1,665,656

The following number of employees received employee benefits (excluding employer pension costs and employer's national insurance) during the year between:

		2023	2022
		No.	No.
£70,000	- £79,999	-	1
£80,000	- £89,999	1	-

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £95,192 (2022: £86,685).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

There were no trustees expenses in either year.

10 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 48 (2022: 43). Staff are split across the activities of the charity as follows (full time equivalent basis):

Staff are split across the activities of the charity as follows (full time equivalent basis):
Services, partnerships, policy, learning & campaigns Administration	2023 No. 45 3	2022 No. 40 3
	48	43

11 Related party transactions

There are no related party transactions to disclose for this financial year (2022: none).

12 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements For the year ended 31 March 2023

13 Tangible fixed assets

13 Tangible fixed assets
14 15 Cost At the start of the year Depreciation At the start of the year Additions in year Disposals in year Eliminated on disposal At the end of the year Net book value At the end of the year At the start of the year Charge for the year At the end of the year All of the above assets are used for charitable purposes. Listed investments Bonds Net gain on change in fair value Overseas equities Investments comprise: Cash held by investment broker pending reinvestment Fair value at the start of the year Additions at cost Fair value at the end of the year UK equities Other investments Disposal proceeds Cash Debtors Trade debtors Other debtors Prepayments Accrued income	Long-term Leasehold property £ 1,560,927 - -	Office equipment £ 255,635 39,954 (13,522)	Total £ 1,816,562 39,954 (13,522)
	1,560,927	282,067	1,842,994
	938,857 78,046 -	219,191 24,549 (10,875)	1,158,048 102,595 (10,875)
	1,016,903	232,865	1,249,768
	544,024	49,202	593,226
	622,070	36,444	658,514
		2023 £ 536,055 34,429 (38,611) (21,663)	2022 £ 516,573 43,514 (36,813) 12,781
		510,210 2,975	536,055 3,116
		513,185	539,171
		2023 £ 71,344 128,959 130,647 179,260 2,975	2022 £ 69,273 144,875 87,500 234,407 3,116
		513,185	539,171
		2023 £ 511,213 14,953 36,486 2,310	2022 £ 270,684 21,323 27,649 42,507
		564,962	362,163

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements For the year ended 31 March 2023

16 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other creditors Accruals Deferred income (note 17) Trade creditors Taxation and social security	2023 £ 149,874 65,250 26,038 63,998 658,664	2022 £ 124,909 43,814 18,094 67,460 473,690
	963,824	727,967

17 Deferred income

Deferred income
Balance at the beginning of the year Amount released to income in the year Amount deferred in the year Balance at the end of the year Deferred income comprises grants received in advance.	2023 £ 473,690 (473,690) 658,664	2022 £ 221,175 (221,175) 473,690
	658,664	473,690

Grants are deferred if more than 50% or more of the grant relates to staffing costs. All grants received in advance in the previous financial year have been spent in the financial year ended 31 March 2023. Grants received before 31 March 2023 relating to staff costs after 31 March 2023 have been deferred.

18a Analysis of net assets between funds (current year)

General unrestricted £ 31,100 513,185 662,189 1,206,474 Net assets at 31 March 2023 Tangible fixed assets Investments Net current assets	General unrestricted £ 31,100 513,185 662,189 1,206,474 Net assets at 31 March 2023 Tangible fixed assets Investments Net current assets	Designated £ 14,810 - 360,904	Restricted £ 547,316 - 126,597	Total funds £ 593,226 513,185 1,149,690
	1,206,474	375,714	673,913	2,256,101

18b Analysis of net assets between funds (prior year)

Net assets at 31 March 2022 Tangible fixed assets Investments Net current assets General	£ 25,255 539,171 590,735 unrestricted	Designated £ - - 380,149	Restricted £ 633,259 - 176,826	Total funds £ 658,514 539,171 1,147,710
	1,155,161	380,149	810,085	2,345,395

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements For the year ended 31 March 2023

19a Movements in funds (current year)

Movements in funds (current year)	Movements in funds (current year)
At 1 April 2022 £ Albert Gubay Foundation - Albert Hunt Trust - Ambassadeurs Group - Berkeley Foundation - Calleva Foundation - Charles French Trust 1,457 City Bridge Trust - Depaul UK - Drapers Charitable Trust 18,750 Fidelity UK Foundation - Fine and Country Foundation - Fusion Foundation - Heatherwick Studio - Irish Youth Foundation 2,000 Irish Youth Foundation - Irish Youth Foundation Immediate Focus Emergency Fun - John Coates Charitable Trust - John Lyon's Charity - LandAid 2,579 LandAid - Deposit Fund 19,650 LandAid - StreetSmart Project - LHA London - Maria Marina Foundation - Matrix Causes Fund - Mercer's Company - Merck Sharp and Dohme Corporation - Nationwide Building Society Oak Foundation - Peter Cruddas Foundation Santander UK Foundation Limited Street Smart The Goldsmith's Company Charity - The Henry Smith Charity Trust - Tides Foundation - Two Magpies Fund - Urban Partners - Wellcome Community Support (EA) - Wellcome Community Support 8,500 Statutory Grants Depaul UK - H18-24 - London Borough of Camden: - Community Partnership - Advice grant - Children, Schools and Families - youth grant - Community Infrastructure Levy 35,417 Community Impact Fund - youth offending grant (88) Outreach - C&I NHS Foundation Trust - Violence Reduction Unit - youth offending grant - - The National Lottery Community Fund - 88,265 London Councils - London Youth Gateway Partnership Restricted funds: Operating Services		Income & gains £ 12,500 7,000 5,432 37,500 15,000 - 50,000 57,416 25,000 44,820 - 1,455 - - 10,000 4,000 5,000 16,333 14,250 - 18,000 10,033 100,000 3,000 19,110 84,185 36,500 115,014 10,000 12,500 10,000 8,130 11,848 82,230 3,750 3,000 10,000 2,310 14,628 20,000 25,000 - 50,000 44,000 75,000 938,762 6,809	Expenditure & losses £ (12,500) (7,000) (5,432) (37,500) (15,000) (1,457) (50,000) (57,416) (25,000) (44,820) (1,500) (1,455) - (2,000) (10,000) (4,000) (5,000) (16,333) (14,250) (5,813) (18,000) (10,033) (100,000) (3,000) (19,110) (84,185) (36,500) (115,014) (10,000) (12,500) (10,000) (8,130) (11,848) (82,230) (3,750) (3,000) (6,906) (10,810) (14,628) (20,000) (25,000) (35,417) (50,000) (44,000) (75,000) (938,762) (6,809)	Transfers £ - - - - - - - - - - 1,500 - 1,200 - - - - (2,579) - - - - - - - - - - - - - - - - - - - - - - - - - - 88 - - - - -	At 31 March 2023 £ - - - - - 18,750 - - 1,200 - - - - - 13,837 - - - - - - - - - - - - - - 3,094 - - - - - - - - -
	88,265	2,019,515	(2,071,108)	209	36,881

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements

For the year ended 31 March 2023

At 1 April 2022 £ 702,714 8,422 10,684	Income & gains £ - - -	Expenditure & losses £ (77,621) (3,535) (3,632)	Transfers £ - - -	At 31 March 2023 £ 625,093 4,887 7,052
810,085	2,019,515	(2,155,896)	209	673,913
50,000 - 12,977 50,000 267,172	- - - - -	- (308) (4,127) - -	(15,118) 15,118 - - -	34,882 14,810 8,850 50,000 267,172
380,149	-	(4,435)	-	375,714
1,155,161	1,081,636	(1,030,114)	(209)	1,206,474
1,535,310	1,081,636	(1,034,549)	(209)	1,582,188
2,345,395	3,101,151	(3,190,445)	-	2,256,101

The narrative to explain the purpose of each fund is given at the foot of the note below.

19b Movements in funds (prior year)

Movements in funds (prior year)
					At 31
	At 1 April	Income &	Expenditure		March
	2021	gains	& losses	Transfers	2022
	£	£	£	£	£
Restricted funds:
Operating Services
Calleva Foundation	-	15,000	(15,000)	-	-
Charles French Trust	-	2,000	(543)	-	1,457
Charles Hayward Foundation	5,000	-	(5,000)	-	-
Depaul UK	-	125,051	(125,051)	-	-
Drapers Charitable Trust	-	25,000	(6,250)	-	18,750
Fine and Country Foundation	-	1,500	(1,500)	-	-
Garfield Weston Foundation	40,000	-	(40,000)	-	-
Gisela Graham Foundation	-	2,000	(2,000)	-	-
Hyde Group	-	1,800	(1,800)	-	-
Irish Youth Foundation	-	14,000	(12,000)	-	2,000
John Lyon's Charity	-	28,000	(28,000)	-	-
LandAid	7,970	4,750	(10,141)	-	2,579
LandAid - Deposit Fund	-	21,000	(1,350)	-	19,650
LHA London	-	15,000	(15,000)	-	-
Matrix Causes Fund	-	3,000	(3,000)	-	-
Mercer's Company	-	22,332	(22,332)	-	-
Merck Sharp and Dohme Corporation	-	30,089	(30,089)	-	-
Oak Foundation	-	93,603	(93,603)	-	-
Sage Foundation	-	12,885	(12,885)	-	-
Somers Town Community Association	-	22,181	(22,181)	-	-
Tesco Community Grant	-	1,000	(1,000)	-	-
The Goldsmith's Company Charity	-	19,500	(19,500)	-	-
The Henry Smith Charity Trust	-	35,000	(35,000)	-	-
The National Lottery Community Fund	-	2,270	(2,270)	-	-
The Progress Foundation	-	8,305	(8,305)	-	-
Tides Foundation	-	17,770	(17,770)	-	-
Two Magpies Fund	-	1,250	(1,250)	-	-
Wellcome Community Support	-	10,000	(1,500)	-	8,500

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements For the year ended 31 March 2023

At 1 April 2021 £ - - - - - 2,703 - - (98) - 3,807	Income & gains £ 50,000 7,590 20,000 25,000 50,000 25,000 44,000 56,250 509,631 510,085 217,459	Expenditure & losses £ (50,000) (7,590) (20,000) (25,000) (14,583) (27,791) (44,000) (56,250) (509,533) (510,085) (221,266)	Transfers £ - - - - - - - - - - -	At 31 March 2022 £ - - - - - 35,417 (88) - - - - -
59,382 780,335 12,251 14,567	2,049,301 - - -	(2,020,418) (77,621) (3,829) (3,883)	- - - -	88,265 702,714 8,422 10,684
866,535	2,049,301	(2,105,751)	-	810,085
50,000 15,320 8,556 - -	- - 120 - -	- (2,343) (8,676) - -	- - - 50,000 267,172	50,000 12,977 - 50,000 267,172
73,876 - 1,233,547	120 - 904,668	(11,019) - (665,882)	317,172 - (317,172)	380,149 - 1,155,161
2,173,958	2,954,089	(2,782,652)	-	2,345,395

Purposes of restricted funds

Operating services - These funds represent revenue grants and donations to fund the centre's operating services.

Capital grants:

The Building Appeal - 2007 was established in 2007 to enable the charity to embark on a major capital improvement programme to the premises occupied costing £1,780,823. Cash reserves are retained to meet future costs of maintaining the building as set out in note 19 above. The capital fund balance has been reduced by charges for amortisation of the leasehold premises.

Camden S106 Capital Grant - This grant was awarded for the purchase of capital equipment. The capital fund balance has been reduced by depreciation.

LHA London Capital Fund (Covid grant) - This grant was awarded to enable the charity to help young people affected by the Covid-19 pandemic.

NEW HORIZON YOUTH CENTRE LIMITED

Notes to the financial statements For the year ended 31 March 2023

Purposes of designated funds

Infrastructure fund - This reserve has been designated by the trustees to be used for the capital investment in our physical and technological assets ensuring we can work effectively in both in the building and remotely. The funding will be spent down over the next three years in line with the timeframe of our current strategy

Emergency Fund: This reserve has been designated by the trustees to be used for the agile funding of new solutions to emerging issues affecting young people in these turbulent times. The funding will be spent down over the next three years in line with the timeframe of our current strategy.

Strategy Implementation Fund: This reserve has been designated by the trustees to be used for the investment in our new strategy, ensuring we have the resources and momentum to deliver against our ambitious plans. The funding will be spent down over the next three years in line with the timeframe of our current strategy.

Technology Fund: This is a designated reserve to better support young people's access to technology amd ensure that young people experiencing homelessness are not digitally excluded.

Transfers

In the current year there was a transfer of funds from the Infrastructure Fund to a designated fund set aside for the depreciation charge on building Improvements.

20 Operating lease commitments payable as a lessee

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods

following periods
Less than one year One to five years Over five years	£ 2023 36,600 146,400 54,900	£ 2022 36,600 146,400 91,500 Property
	237,900	274,500

21 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

4 2

New Horizon Youth Centre Trustee’s report For the year ended 31 March 2023

Thank you to all of our supporters

Without the following generous donors none of our work would have been possible.

29th May Charitable Trust Jongen Charitable Trust 4bysix Kusuma Trust Abstract Foundation Landaid Ashcroft Charitable Trust LHA Ltd Albert Gubay Charitable Foundation London Borough of Camden Albert Hunt Charitable Trust London Councils Ambassadeurs Group Mary Kinross Charitable Trust Argent LLP Matrix Causes Fund Bain & Co Mishcon Family Charitable Trust Berkeley Foundation MSD in the UK Better Green National Lottery Community Fund Bleu Blanc Rouge Foundation Nationwide BNP Paribas Oak Foundation Brian Woolf Trust Palatine Private Equity Calleva Foundation Paul Hamlyn Foundation Charles S French Charitable Trust Peter Cruddas Foundation City Bridge Trust Phoenix Court Works Depaul Progress Foundation Drapers’ Charitable Fund Sam and Bella Sebba Trust Eurostar Santander Foundation Farrer and Co SCS Railways Fidelity Foundation Sir Paul McCartney Foundation Fine & Country Foundation Springer Nature Foyle Foundation StreetKidz Fusion21 Foundation StreetSmart Garfield Weston Foundation The Goldsmiths’ Company Google UK The John Coates Charitable Trust Havas UK The Mercers' Charitable Foundation Henry Smith Charity Titan Wealth Holdings Irish Youth Foundation Two Magpies Fund John Armitage Charitable Trust Urban Partners John Lyon’s Charity Wellcome Trust

As well as the countless individuals, charities and companies that have given their time, their money, in kind support and their commitment to supporting our vital work.