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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 02081759 (England and Wales) REGISTERED CHARITY NUMBER: 296372

Report of the Trustees and

Financial Statements for the Year Ended 31st March 2024

for

Hounslow Action For Youth Association

Hounslow Action For Youth Association

Contents of the Financial Statements for the Year Ended 31st March 2024

Page
Report of the Trustees 1 to 10
Independent Examiner's Report 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14 to 23
Detailed Statement of Financial Activities 24 to 25

HOUNSLOW ACTION FOR YOUTH ASSOCIATION

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity’s memorandum and Articles of Association, the Companies Act,2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Effective 1 January 2019).

1. Objectives and activities

In the interests of social rehabilitation and in furtherance of public education to promote and develop in collaboration with other bodies and organisations within the London Borough of Hounslow (LBH), new initiatives for children and young people in trouble with particular, but not exclusive, reference to the provision of alternatives to residential care and custody.

The vision of the charity is to promote and develop programmes to meet the social, cultural and educational needs of children and young people within LBH, particularly those at risk of social exclusion, and show them possibilities that they might not have imagined.

We use the following approaches to support young people:

Page 1

An explanation of the charity’s main objectives

We are dedicated to developing our services to meet the evolving needs of our community. Through ongoing evaluation and improvement, we ensure that our services remain accessible, responsive and impactful. Our outreach extends from six strategically placed centres, allowing us to reach those who are most in need. High-specification centres are generously provided in-kind by our community and corporate partners including Treaty Centre Hounslow, Chiswick House & Gardens (learning suite and large gardens), and Woodbridge Park Education Services (Forest School). Partnerships with centres across Hounslow enable us to deliver agile, flexible, and far-reaching services in a cost-effective way.

We deliver face to face, digital services and telephone support services, ensuring flexibility and accessibility to meet the wide range of physical and mental health needs of young people and families. The preference among most of our users is face-to-face services, and the majority of services continue to be delivered this way.

In line with our ongoing commitment to collaborative service development with young people, families, and stakeholders, we conduct regular monitoring and reviews of HAY's services. This ensures their effectiveness and cost-efficiency, specifically tailored to meet the needs of the most vulnerable young people and families in our community. Evaluating and responding to the evolving needs remains a priority for HAY. To facilitate this, we have a dedicated team of trained social research volunteers, overseen by our Social Research Consultant. Additionally, our membership with NCVO, Ealing & Hounslow CVS, and other monitoring and evaluation training and resource bodies further enhances our capacity and capabilities in this area.

We have funding from a range of income streams and maintain good relationships with our grant givers. We are working towards cultivating new relationships with statutory, business and corporate partners.

HAY’s Programmes

This year we delivered services to 770 young people and their families.

Youth Bonds Project - Intensive referral project providing individual and group work support for young people aged 7-12 four days a week; home parenting support; family learning activities; home-school liaison work, on-site school support for young people with high-level needs. Minibus collection for young people to ensure equality of access for young people with disabilities and complex needs.

Many of the young people supported are on the extreme margins of society, on the periphery of crime. 100% from socioeconomically deprived; 90% of young people have behavioural difficulties, presenting with challenging behaviour; 75% have special needs, with many struggling to reengage with mainstream education after the pandemic.

This year we received an increase in referrals for young people awaiting assessment for Autism Spectrum Disorder. Young people with these needs often present with a range of challenges including speech and language difficulties, social anxieties, and sensory needs. Our consultations and guidance from professionals found visuals and sensory play are effective tools when working with children with autism and special needs and we adapted our sessions accordingly to accommodate these needs. Integrating now/next boards, zones of regulation, and sensory play has helped young people communicate in ways that work for them, reducing their anxiety.

We implemented a wider range of activities outdoors this year, restructuring and enhancing activities to make use of Forest School and natural settings, working with the young people to incorporate their interests. Our evaluations indicate that children and young people increase engagement in outdoor spaces, particularly young people with autism, and ADHD. We will continue to work with young people in outdoor and natural spaces.

Page 2

We provided increased support for parents who find it challenging to support children with high-level needs, especially following the ongoing post-pandemic difficulties. Our parental work has been crucial in empowering them with their children’s speech and emotional development whilst they wait for statutory support. They informed us that support sessions in their homes, where they feel comfortable, have been valuable and we aim to provide more home visits for the most vulnerable families next year.

Young Women’s Project – Writing Workshops facilitated by award-winning women authors who motivate vulnerable young women to write poems, prose, life stories, helping to increase creativity, literacy and core skills and raise aspirations. The young women’s work is published in an anthology to provide a large platform for young women’s voices and inspire them to pursue their goals.

The majority of the young women we support are from Black and minoritised communities, care leavers and those at risk of gangs and sexual exploitation.

This year, through our work with Chiswick House & Garden’s archivists, young women discovered archives of 18th-century women: an enslaved African Jamaican (runaway) and an Indian servant, who both arrived on ships carrying plants/seeds that contributed towards Hounslow becoming 'The Garden of London', an area of horticultural significance for several centuries. Many of the young women wanted to focus on piecing together elements of the two subjects’ lives, giving a modern voice to silent voices, and bringing their own interpretation to the archives.

Their work along with poems and life stories explore how lives have changed after experiencing two very challenging years of isolation. These were published in the 2023 anthology ‘Perspectives’. ‘Perspectives’ was launched by the young women at Chiswick House and Gardens, where they performed to residents, family, friends, community groups, and Councillors.

The young women have developed a heritage project to take these stories forward and they are developing a valuable archive for the community.

Youth Enterprise Project - Accredited Enterprise Programme supporting young people with special educational needs, those leaving care, and young people not in education, employment, or training to gain accredited qualifications and develop business/enterprise skills for brighter futures.

Young people who were Tier 3 with Child and Adolescent Mental Health Service (CAMHS) and diagnosed with mental health disorders including depression, psychosis, bipolar, eating disorders, low mood and disabilities engaged with our project.

Workshops were delivered from Hounslow House – Hounslow Council provided us with access to a high specification meeting room. Our partner, Ultra Education, delivered the workshops and HAY’s team of trained youth workers supported the young people with emotional needs so that they could sustain engagement in the project.

Our trauma-informed trained youth workers worked with youth people to help them address individual needs, and to effectively build trusting relationships, particularly with those who previously displayed detachment to forming positive relationships.

Young people developed unique business ideas such as special headscarfs, and beauty products for Black and minoritised communities. They organised their business launch at The Loft, Treaty Centre in the heart of Hounslow. The Treaty Shopping Centre provided floor space for all the young women to showcase their products and sell. 80% of our participants launched their business on the day and collectively made over £1000 on sales.

The young people who participated in the project successfully gained ASDAN Accreditation. Each of them also received a personalised letter of recommendation from HAY detailing their commitment to the project and the skills they had shown during their time on the project. For the majority of young people, this was the first qualification they had received.

Page 3

Volunteer Training and Supervision – We launched a Volunteer Recruitment Campaign with LSE Careers, Brunel University, CAPA Global Internship, Reach Volunteering. We provided meaningful roles across a range areas including: Youth Mentors, Communications and Marketing, Social Research, Fundraising, Finance. Over the coming year, we plan to continue to recruit, support and retain more volunteers from the community, ensuring people in the community are involved in the delivery of our work.

We partner with our local Volunteer Centre, NCVO, London Youth, Partnership for Young London, and other organisations specialising in volunteer training to ensure our volunteers receive high-quality training and access to opportunities. We empower volunteers to gain valuable skills so they can pursue employment and training pathways, fostering thriving futures.

2. Public benefits

In shaping the objectives for the year and planning the charity’s activities, the trustees have considered the Charity Commission’s guidance on public benefit under section 17(5) of the Charities Act, 2011. It is the trustees’ opinion that the charity in it present form is for the public benefit under the principles set out in Charity Commission guidance.

3. Achievements and performance

The charity continues to review its programmes and the funding available to them.

We continue to build on our partnerships with businesses, community groups, and education sectors so we can channel high quality resources to young people.

Funding from UK Youth Thriving Minds has enabled us to recruit more Youth Workers to meet the increase in demand for our services. We continue to build on our comprehensive training, support, and supervision programme for our Youth Workers, many of whom have lived experience and require wide-ranging support.

Funding from UK Youth Thriving Minds has also enabled us to develop a Wellbeing programme of customised support packages for staff and volunteer youth mentors, including Practice Coaching, Mindful Wellbeing Coaching, Wellbeing Retreat Days, and SAGE employee benefits. This is helping us to ensure our team is fully supported in their roles and can sustain wellbeing so that they can deliver the highest quality service to young people and families.

The introduction of the wellbeing package has been warmly received as a valuable and supportive resource, and is reflected in the increased number of applicants we received for our youth worker roles this year compared to previous years.

Page 4

We are pleased to have extended our network with stakeholder groups such as the Hounslow Women's Network, REED Stakeholders Group (Race Equalities Ethnic Diversity), Young People's Stakeholders Network, Feltham Hanworth and Bedfont Community Network, and the Afghan and Central Asia Association (ACAA), empowering us to exchange knowledge and collaborate on responsive services that cater to diverse needs.

Outcomes

Our surveys and consultations with young people found we are making the following difference:

Our surveys and consultations with parents found:

Capabilities

Page 5

4. Financial review

Review of financial position

The charity received income for the year of £480,374 had programme expenditure of £346,437 and a net gain on its investment of £14,755. The overall surplus of £148,692 was added to the brought forward funds leaving unused funds of £357,642 at the end of March 2024.

Reserves policy

The approved policy for Reserves is at an amount equal to 6 months of Restructuring & Dissolution expenditure and 3 months of Continuity expenditure for programmes not covered, dedicated funding and the charity’s own costs core costs only. For the current period, this has been calculated at £153,692.

As unrestricted reserves exceeded £162,151 and subsequent to the year's end a further £30,000 of core cost funding was received, the Trustees were satisfied that the Charity remained a going concern.

Principal sources of income and how expenditure in the year under review has supported the key objectives of the charity.

Funding for our activities during the year came from grant-giving foundations (94%), individual donations (2%), government and local authority (0%) and investment Income (4%).

----- Start of picture text -----
Funding for activities
at 31 March 2024
2% 0 4%
LBH - government and local
authority
Gtant giving foundation
Individual and Subscriptions
Investment Income
94%
----- End of picture text -----

Page 6

Operating expenditures incurred during the year were staff and programme costs (76.7%), activities (5.1%), Premises costs (2.7%), fundraising (7.7%) and Support and Admin (7.8%). Balances remaining on restricted funds at the year-end are ring-fenced for use in future financial years.

----- Start of picture text -----
Operating Cost
at 31 March 2024
7.8%
2.7%
7.7% Staff and programmes
Activities
5.1%
Premises
Fundraising
76.7% Support and Administration
----- End of picture text -----

At the end of year Mar24 carried forward reserves include Restricted (54%), and Unrestricted (46%)

----- Start of picture text -----
Reserves at 31 Mar 2024
46% Restricted
Unrestricted
54%
----- End of picture text -----

Investment policy

Surplus funds are invested in the CCLA Charities Investment Fund which is an easily accessible diversified fund designed for charities. The Trustees review the investment at each board meeting. The major risks to which the charity is exposed and reviews and systems in place to mitigate those risks.

Page 7

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

The charity maintains a risk register based on a table of potential risks, ranked via a traffic light system, according to the aggregate of likelihood and severity of impact. This is kept under regular review and is formally updated once a year. It was updated in in light of the COVID-19 health crisis, in June 2020. This exercise led to an ‘upgrading’ of the risk of the loss of Trustees, however, trustees concluded that the existing mitigations remained appropriate. The principal risks facing the Charity are:

Factors affecting the financial position in future periods

The charity plans to maintain all of its existing programmes within any potential funding constraints but bearing in mind its level of reserves. The charity will continue to review its programmes in the light of restrictions and reductions placed upon its budgets, as well as looking into developing further the range of where funding is available.

5, Structure, governance and management

The charity is a company limited by guarantee and does not have share capital. It is incorporated under the Companies Act 2006, the governing instrument being the Memorandum and Articles of Association dated 3 September 1986 (updated 25 July 2016).

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

The methods adopted for the recruitment and appointment of new trustees

New trustees are typically recommended to the charity through personal introductions. However, this year we have continued to put adverts out locally and on social media to increase the reach. Potential trustees are considered by the Nominations Committee for their relevant experience which will widen or support the balance of skills of the existing trustees.

Page 8

The policies and procedures adopted for the induction and training of trustees

New trustees are inducted through meetings with the Chairman, trustees, and Director, plus a visit to a Youth Programme and meetings with senior managers.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The organisation structure of the charity and how decisions are made

The Board meets at least four times per annum and these meetings are attended by the Director. It delegates to, and receives reports from, the three sub-committees - Finance and Employment; Trustees, Advisory Board and Volunteers; and Services and School Interface. The Director is accountable to the trustees and reports to the Chair.

Page 9

Hounslow Action For Youth Association

Report of the Trustees for the Year Ended 31st March 2024

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02081759 (England and Wales)

Registered Charity number

296372

Registered office

The School House Marjory Kinnon School Hatton Road Feltham TW14 9QZ

Trustees

Baldish Kaur Dhaliwal Francesca Hooker (resigned 17.7.23) Mary Elizabeth Longhurst - Chair of Trustees Cherryl Martin Rachel Clare Mcadam Amrit Sachar (resigned 24.2.24) Muzamil Tahir

Company Secretary

Muzamil Tahir

Independent Examiner

Tahira Siddiqui FCA, MSc (Senior Statutory Auditor) S Syedain & Co Chartered Accountants First Floor 87 Kenton Road Harrow Middlesex HA3 0AH

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................ Mary Elizabeth Longhurst - Trustee

Page 10

Independent Examiner's Report to the Trustees of Hounslow Action For Youth Association

Independent examiner's report to the trustees of Hounslow Action For Youth Association ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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

Tahira Siddiqui FCA, MSc (Senior Statutory Auditor) The Institute of Chartered Accountants in England and Wales

S Syedain & Co Chartered Accountants First Floor 87 Kenton Road Harrow Middlesex HA3 0AH

22/9/2024 Date: .............................................

Page 11

Hounslow Action For Youth Association

Statement of Financial Activities for the Year Ended 31st March 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
135,940
Investment income
3
7,167
Total
143,107
EXPENDITURE ON
Raising funds
Raising donations and legacies
26,561
26,561
Charitable expenditure
4
Charitable Costs
86,439
Support Costs
23,580
Governance Costs
6,558
Total
143,138
Net gains/(losses) on investments
14,755
NET INCOME/(EXPENDITURE)
14,724
RECONCILIATION OF FUNDS
Total funds brought forward
151,647
TOTAL FUNDS CARRIED FORWARD
166,371		 Restricted
funds
£
337,267
-
337,267
-
-
192,345
10,954
-
203,299
-
133,968
57,303
191,271		 31.3.24
Total
funds
£
473,207
7,167
480,374
26,561
26,561
278,784
34,534
6,558
346,437
14,755
148,692
208,950
357,642		 31.3.23
Total
funds
£
298,535
5,579
304,114
19,391
19,391
247,650
27,010
10,290
304,341
(8,842)
(9,069)
218,019
208,950

The notes form part of these financial statements

Page 12

Hounslow Action For Youth Association

Balance Sheet 31st March 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Investments
9
166,902
CURRENT ASSETS
Debtors
10
2,288
Cash at bank
27,800
30,088
CREDITORS
Amounts falling due within one year
11
(30,619)
NET CURRENT ASSETS
(531)
TOTAL ASSETS LESS CURRENT
LIABILITIES
166,371
NET ASSETS
166,371
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
-
-
202,450
202,450
(11,179)
191,271
191,271
191,271		 31.3.24
Total
funds
£
166,902
2,288
230,250
232,538
(41,798)
190,740
357,642
357,642
166,371
191,271
357,642		 31.3.23
Total
funds
£
152,146
3,017
98,961
101,978
(45,174)
56,804
208,950
208,950
151,647
57,303
208,950

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

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

Mary Elizabeth Longhurst - Trustee

The notes form part of these financial statements

Page 13

Hounslow Action For Youth Association

Notes to the Financial Statements for the Year Ended 31st March 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of the resources. Central staff costs are allocated on the basis of time spent.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at the charity's headquarters.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of the economic benefit from the use by the charity of the item is probable and that the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised.

On receipt, donated 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 the expenditure in the period of receipt.

Income from grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will received and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.

Investment income includes dividends and interest. Interest income is recognised using the effective interest method and dividend income is recognised as the charity's right to receive payment is established.

continued...

Page 14

Hounslow Action For Youth Association

Notes to the Financial Statements - continued for the Year Ended 31st March 2024

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2. DONATIONS AND LEGACIES

Donations
Grants
Misc. Income
3.
INVESTMENT INCOME
Investment Income
Interest receivable		 31.3.24
£
7,090
464,275
1,842
473,207
31.3.24
£
4,450
2,717
7,167		 31.3.23
£
3,981
294,554
-
298,535
31.3.23
£
4,450
1,129
5,579

4. CHARITABLE ACTIVITIES COSTS

Charitable Costs
Support Costs
Governance Costs		 Direct
Costs
£
278,784
-
-
278,784		 Support
costs (see
note 5)
£
-
34,534
6,558
41,092		 Totals
£
278,784
34,534
6,558
319,876

continued...

Page 15

Hounslow Action For Youth Association

Notes to the Financial Statements - continued for the Year Ended 31st March 2024

5. SUPPORT COSTS

Support Costs
Governance Costs		 Governance
Other
costs
£
£
34,534
-
-
6,558
34,534
6,558		 Totals
£
34,534
6,558
41,092

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2024 nor for the year ended 31st March 2023.

7. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Average Number of Employees
No employees received emoluments in excess of £60,000.		 31.3.24
£
183,148
10,824
11,410
205,382
31.3.24
10		 31.3.23
£
152,904
(5,132)
8,220
155,992
31.3.23
8

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
133,981
Investment income
5,579
Total
139,560
EXPENDITURE ON
Raising funds
Raising donations and legacies
19,391
19,391
Charitable expenditure
Charitable Costs
76,328
Support Costs
18,230		 Restricted
funds
£
164,554
-
164,554
-
-
171,322
8,780		 Total
funds
£
298,535
5,579
304,114
19,391
19,391
247,650
27,010

continued...

Page 16

Hounslow Action For Youth Association

Notes to the Financial Statements - continued for the Year Ended 31st March 2024

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
Governance Costs 10,290 - 10,290
Total 124,239 180,102 304,341
Net gains/(losses) on investments (8,842) - (8,842)
NET INCOME/(EXPENDITURE) 6,479 (15,548) (9,069)
RECONCILIATION OF FUNDS
Total funds brought forward 145,168 72,851 218,019
TOTAL FUNDS CARRIED FORWARD 151,647 57,303 208,950
9. FIXED ASSET INVESTMENTS
MARKET VALUE Listed
investments
£
At 1st April 2023 152,146
Revaluations 14,756
At 31st March 2024 166,902
NET BOOK VALUE
At 31st March 2024 166,902
At 31st March 2023 152,146
There were no investment assets outside the UK. The historical cost of the listed investments is £100,0 0
(2023:£100,000).
Financial Instruments
31.3.24 31.3.2023
Carrying amount of financial assets
Instruments measured at fair value through profit or loss 166,902 152,146

There were no investment assets outside the UK. The historical cost of the listed investments is £100,000 (2023:£100,000).

continued...

Page 17

Hounslow Action For Youth Association

Notes to the Financial Statements - continued for the Year Ended 31st March 2024

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Prepayments
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accruals and deferred income
12.
MOVEMENT IN FUNDS
At 1.4.23
£
Unrestricted funds
General fund
151,647
Restricted funds
Youth Bonds
5,402
YB Holidays
1,233
YWP Agents for Change
6,626
Volunteer Co-ordinator
6,882
UK Thriving Minds
17,421
Emmanuel Kaye Foundation
5,739
Heathrow Community Trust
-
The Progress Foundation
14,000
NL Thrive & Provide Volunteers
-
Henry Smith Youth Bond (Long covid)
-
Thriving Commuunities Fund
-
The National Lottery Million Hours
-
Paul Hamlyn Botanical WP
-
Grafield Weston Foundation
-
Paul Hamlyn SEP
-
The Draper's Charitable Fund
-
Propel Mentoring
-
57,303
TOTAL FUNDS
208,950		 31.3.24
£
-
2,288
2,288
31.3.24
£
19,594
22,204
41,798
Net
movement
in funds
£
14,724
(8,230)
(1,233)
(2,912)
(1,150)
(24,902)
(5,739)
4,155
(3,162)
7,984
2,160
9,167
44,896
25,955
15,000
18,573
15,000
38,406
133,968
148,692		 31.3.23
£
175
2,842
3,017
31.3.23
£
18,704
26,470
45,174
At
31.3.24
£
166,371
(2,828)
-
3,714
5,732
(7,481)
-
4,155
10,838
7,984
2,160
9,167
44,896
25,955
15,000
18,573
15,000
38,406
191,271
357,642

continued...

Page 18

Hounslow Action For Youth Association

Notes to the Financial Statements - continued for the Year Ended 31st March 2024

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Youth Bonds
YB Holidays
YWP Agents for Change
Volunteer Co-ordinator
UK Thriving Minds
Emmanuel Kaye Foundation
Heathrow Community Trust
The Progress Foundation
NL Thrive & Provide Volunteers
Henry Smith Youth Bond (Long covid)
Thriving Commuunities Fund
The National Lottery Million Hours
Paul Hamlyn Botanical WP
Grafield Weston Foundation
Paul Hamlyn SEP
The Draper's Charitable Fund
Propel Mentoring
TOTAL FUNDS		 Incoming
resources
£
143,107
16,450
-
7,262
-
30,000
30,000
6,180
15,280
9,250
36,200
14,750
46,875
30,000
15,000
20,000
15,000
45,020
337,267
480,374		 Resources
expended
£
(143,138)
(24,680)
(1,233)
(10,174)
(1,150)
(54,902)
(35,739)
(2,025)
(18,442)
(1,266)
(34,040)
(5,583)
(1,979)
(4,045)
-
(1,427)
-
(6,614)
(203,299)
(346,437)		 Gains and
Movement
losses
in funds
£
£
14,755
14,724
-
(8,230)
-
(1,233)
-
(2,912)
-
(1,150)
-
(24,902)
-
(5,739)
-
4,155
-
(3,162)
-
7,984
-
2,160
-
9,167
-
44,896
-
25,955
-
15,000
-
18,573
-
15,000
-
38,406
-
133,968
14,755
148,692

continued...

Page 19

Hounslow Action For Youth Association

Notes to the Financial Statements - continued for the Year Ended 31st March 2024

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Youth Bonds
YB Holidays
YWP Agents for Change
Volunteer Co-ordinator
YWP Assessment Project
Youth Vision 20:20
Thriving Communities Fund
UK Thriving Minds
Emmanuel Kaye Foundation
The Progress Foundation
TOTAL FUNDS		 At 1.4.22
£
145,168
21,142
4,100
18,652
8,901
9,866
2,440
7,750
-
-
-
72,851
218,019		 Net
movement
in funds
£
6,479
(15,743)
(2,865)
(12,024)
(2,019)
(9,866)
(2,440)
(7,750)
17,421
5,738
14,000
(15,548)
(9,069)		 At
31.3.23
£
151,647
5,399
1,235
6,628
6,882
-
-
-
17,421
5,738
14,000
57,303
208,950

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Youth Bonds
YB Holidays
YWP Agents for Change
Volunteer Co-ordinator
YWP Assessment Project
Youth Vision 20:20
Thriving Communities Fund
UK Thriving Minds
Emmanuel Kaye Foundation
Heathrow Community Trust
The Progress Foundation
TOTAL FUNDS		 Incoming
resources
£
139,560
43,110
-
12,005
-
-
20,189
7,750
33,000
30,000
3,500
15,000
164,554
304,114		 Resources
expended
£
(124,239)
(58,853)
(2,865)
(24,029)
(2,019)
(9,866)
(22,629)
(15,500)
(15,579)
(24,262)
(3,500)
(1,000)
(180,102)
(304,341)		 Gains and
Movement
losses
in funds
£
£
(8,842)
6,479
-
(15,743)
-
(2,865)
-
(12,024)
-
(2,019)
-
(9,866)
-
(2,440)
-
(7,750)
-
17,421
-
5,738
-
-
-
14,000
-
(15,548)
(8,842)
(9,069)

continued...

Page 20

Hounslow Action For Youth Association

Notes to the Financial Statements - continued for the Year Ended 31st March 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Youth Bonds
YB Holidays
YWP Agents for Change
Volunteer Co-ordinator
YWP Assessment Project
Youth Vision 20:20
Thriving Communities Fund
UK Thriving Minds
Emmanuel Kaye Foundation
Heathrow Community Trust
The Progress Foundation
NL Thrive & Provide Volunteers
Henry Smith Youth Bond (Long covid)
Thriving Commuunities Fund
The National Lottery Million Hours
Paul Hamlyn Botanical WP
Grafield Weston Foundation
Paul Hamlyn SEP
The Draper's Charitable Fund
Propel Mentoring
TOTAL FUNDS		 At 1.4.22
£
145,168
21,142
4,100
18,652
8,901
9,866
2,440
7,750
-
-
-
-
-
-
-
-
-
-
-
-
-
72,851
218,019		 Net
movement
in funds
£
21,203
(23,973)
(4,098)
(14,936)
(3,169)
(9,866)
(2,440)
(7,750)
(7,481)
(1)
4,155
10,838
7,984
2,160
9,167
44,896
25,955
15,000
18,573
15,000
38,406
118,420
139,623		 At
31.3.24
£
166,371
(2,831)
2
3,716
5,732
-
-
-
(7,481)
(1)
4,155
10,838
7,984
2,160
9,167
44,896
25,955
15,000
18,573
15,000
38,406
191,271
357,642

continued...

Page 21

Hounslow Action For Youth Association

Notes to the Financial Statements - continued for the Year Ended 31st March 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Youth Bonds
YB Holidays
YWP Agents for Change
Volunteer Co-ordinator
YWP Assessment Project
Youth Vision 20:20
Thriving Communities Fund
UK Thriving Minds
Emmanuel Kaye Foundation
Heathrow Community Trust
The Progress Foundation
NL Thrive & Provide Volunteers
Henry Smith Youth Bond (Long covid)
Thriving Commuunities Fund
The National Lottery Million Hours
Paul Hamlyn Botanical WP
Grafield Weston Foundation
Paul Hamlyn SEP
The Draper's Charitable Fund
Propel Mentoring
TOTAL FUNDS		 Incoming
resources
£
282,667
59,560
-
19,267
-
-
20,189
7,750
63,000
60,000
9,680
30,280
9,250
36,200
14,750
46,875
30,000
15,000
20,000
15,000
45,020
501,821
784,488		 Resources
expended
£
(267,377)
(83,533)
(4,098)
(34,203)
(3,169)
(9,866)
(22,629)
(15,500)
(70,481)
(60,001)
(5,525)
(19,442)
(1,266)
(34,040)
(5,583)
(1,979)
(4,045)
-
(1,427)
-
(6,614)
(383,401)
(650,778)		 Gains and
Movement
losses
in funds
£
£
5,913
21,203
-
(23,973)
-
(4,098)
-
(14,936)
-
(3,169)
-
(9,866)
-
(2,440)
-
(7,750)
-
(7,481)
-
(1)
-
4,155
-
10,838
-
7,984
-
2,160
-
9,167
-
44,896
-
25,955
-
15,000
-
18,573
-
15,000
-
38,406
-
118,420
5,913
139,623

The income funds of the charity include restricted funds comprising the unexpended balances and grants held on trust for specific purposes.

Restricted funds have been provided to the charity for particular purposes and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

Most unrestricted funds are received to fund staff and overhead costs rather than specific projects.

continued...

Page 22

Hounslow Action For Youth Association

Notes to the Financial Statements - continued for the Year Ended 31st March 2024

13. EMPLOYEE BENEFIT OBLIGATIONS

Defined contribution schemes

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

The charge to the SOFA in respect of the defined contribution schemes was £11,410 (2023: £8,220).

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2024.

Page 23

Hounslow Action For Youth Association

Detailed Statement of Financial Activities for the Year Ended 31st March 2024

31.3.24 31.3.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 7,090 3,981
Grants 464,275 294,554
Misc. Income 1,842 -
Investment income 473,207 298,535
Investment Income 4,450 4,450
Interest receivable 2,717 1,129
7,167 5,579
Total incoming resources 480,374 304,114
EXPENDITURE
Raising donations and legacies
Other fundraising costs 26,561 19,391
Charitable Expenditure
Staff Costs 183,148 152,904
Social security 10,824 (5,132)
Pensions 11,410 8,220
Activities Expenditure 2,331 11,013
Mini Bus Hire 6,023 5,656
Equipment for Activities 3,671 7,582
Groceries and refreshments 3,255 4,200
Programme workshop 57,500 56,185
Volunteer Meals & Travel 280 293
Equipment 342 1,773
Support costs 278,784 242,694
Other
Premises Costs 9,468 12,037
Computer Costs and Telephone 5,702 6,486
Other Staff Costs 9,969 6,039
Insurance 2,293 2,448
Administrative Costs 7,102 4,956
34,534 31,966
Governance costs
Consultancy Costs 2,870 2,870
Carried forward 2,870 2,870

This page does not form part of the statutory financial statements

Page 24

Hounslow Action For Youth Association

Detailed Statement of Financial Activities
for the Year Ended 31st March 2024
31.3.24 31.3.23
£ £
Governance costs
Brought forward 2,870 2,870
Accountancy fees 3,688 4,320
Legal fees - 3,100
6,558 10,290
Total resources expended 346,437 304,341
Net income/(expenditure) before gains and
losses 133,937 (227)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments 14,755 (8,842)
Net income/(expenditure) 148,692 (9,069)

This page does not form part of the statutory financial statements

Page 25